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Bank Permata Q1 profit up slightly amid higher lending

Bareksa25 April 2014
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Bank Permata Q1 profit up slightly amid higher lending
Astra International has a 44.56 percent stake in Bank Permata, while Standard Chartered Bank has 44.56 percent - (The Jakarta Globe/Romeo Gacad)

Still, the company is optimistic that the macroeconomic conditions will improve

The Jakarta Globe - Bank Permata, partly owned by Astra International, posted a slight increase in first-quarter earnings, on higher lending and rising net interest income.

Net income at Bank Permata, formerly called Bank Bali, rose 3.1 percent to Rp 367 billion ($32 million) in the January-March period from the same quarter last year.

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