PT Bank Niaga, an Indonesian bank controlled by Malaysia's second-largest lender, said 2006 profit rose 18 percent as lending increased.
Net income rose to 648 billion rupiah ($71 million) in the 12 months ended Dec. 31, from 547 billion rupiah a year earlier, Bank Niaga said in a statement in the Jakarta.
Bank Niaga's net interest income, or revenue from borrowers after deducting interest paid to depositors, rose 28 percent to 2.21 trillion rupiah. Bank Niaga is more than 60 percent owned by Malaysia's Bumiputra-Commerce Holdings Bhd.,
Monday, February 26, 2007
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