The Jakarta Post - Indonesia’s major lenders Bank Negara Indonesia (BNI) and CIMB Niaga saw their net profit growth squeezed in the first quarter of this year from the same quarter last year amid what they called a “challenging” environment for the banking industry.

State-owned BNI announced on Tuesday that its bottom line profit grew 15.6 percent to Rp 2.4 trillion (US$207.81 million) as of March this year compared to the same period a year ago. Throughout last year, the bank booked 28.5 percent profit growth.

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