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Indonesia's Bank Bukopin sees up to 15% profit growth in 2018

Indonesia's PT Bank Bukopin Tbk expects to see between 10% to 15% growth in profit as it looks to disburse more loans, The Jakarta Post reported Jan. 30, citing Eko Rachmansyah Gindo, the bank's newly-appointed president director.

Eko noted that the bank is targeting between 5% and 10% growth in loans in 2018. As of November 2017, the bank had disbursed 70.17 trillion rupiah worth of loans to clients, up 3.07% compared to the 2016 figures, according to the report.

Meanwhile, the medium-sized bank is looking to disburse between 1 trillion rupiah and 1.5 trillion rupiah in vehicle loans in 2018.

As of Jan. 30, US$1 was equivalent to 13,406.00 Indonesian rupiah.