Bank Mandiri 2011 Profit Rises 33% on Lending Growth, Fees
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PT Bank Mandiri, the nation’s largest lender by assets, said profit rose 32.8 percent from a year earlier bolster by lending growth and fee-based income.
Net income climbed to 12.2 trillion rupiah ($1.34 billion) from 9.2 trillion rupiah a year earlier, the company said in a statement in Jakarta today. A survey of 28 analysts by Bloomberg estimated net income of 12.32 trillion rupiah last year.