INDONESIA: Bank Muamalat Indonesia has reported a 93.15% growth in its third quarter profit before tax to IDR270 billion (US$30 million) from the same period in 2010.
Adrian Asharyanto Gunadi, its director of retail banking, attributed the increase to growth in income from financing. As at the 30th September 2011, the bank’s financing portfolio amounted to IDR20 trillion (US$2.3 billion).