REPUBLIKA.CO.ID, JAKARTA -- Regional Development Bank of West Java and Banten (Bank BJB) reported Rp1.6 trillion in net profit in 2017. It equals to an increase of 1.5 percent year-on-year (yoy).

Chief Executive of Bank BJB Ahmad Irfan attributed the rise in net profit to 12 percent increase in outstanding credits to Rp70.7 trillion in 2017.

The non performing loan (NPL) of the bank, which is owned jointly by the West Java and Banten provincial administrations, dropped to 1.51 percent, he said.

Consumer credits, which grew 6.5 percent yoy, still are the largest contributors to the bank's credit expansion. Among the main consumer credits are pensioners' credits that rose to Rp10.1 trillion.

Third party funds held by the bank totaled Rp81 trillion growing 11,2 percent yoy. Its fee-based income also rose 24.5 percent.

The bank's assets in 2017 were valued at Rp108.4 trillion or up 13.1 percent yoy.

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