posted a 28.7% year-over-year decline in net income for the first half endedJune 30, as loan impairments surged.
The banksaid consolidated net income attributable to the parent company dropped to7.080 trillion rupiah from 9.924 trillion rupiah in the prior-year period. EPSfell to 303.44 rupiah from 425.33 rupiah.
Netinterest income and Shariah income rose to 24.244 trillion rupiah from 21.200trillion rupiah, while net premium income inched down to 1.544 trillion rupiahfrom 1.556 trillion rupiah.
Asof the end of June, the bank's net interest margin increased to 6.06% from5.58% in the prior-year period.
Impairmenton loans jumped to 9.349 trillion rupiah from 3.702 trillion rupiah in theprior-year period. Higher impairment on loans contributed to an increase inother operating expenses, which climbed to 25.606 trillion rupiah from 17.812trillion rupiah.
Thenet nonperforming loan ratio rose to 1.33% as of June 30 from 0.63% as of June30, 2015, while the gross NPL ratio climbed to 3.74% from 2.00%.
Thecapital adequacy ratio climbed to 21.78% from 17.63% in the year-ago period.
As of July 25, US$1 wasequivalent to 13,157.50 Indonesian rupiah.