JAKARTA - The East Java branch of Bank Rakyat Indonesia (BRI) has decided to increase its net profit target to Rp2 trillion (US$200 million) on this year.
The target is increased from Rp1.7 trillion set earlier or the same as its profit in 2008, on growing demands for credit, Heru Sukanto, head of the branch office of the state bank, said.
The optimism is based on the performance of the bank branch, which recorded Rp904 billion in net profit in the first half of the year, he told the newspaper Investor Daily.
Heru said demands for credits especially from small and medium enterprises grew after the recent commissioning of the country's longest bridge spanning the sea between Surabaya and the island of Madura. Aug 20, 2009
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