Rakyat Indonesia rises on earnings result Shares in the world’s biggest microlender PT Bank Rakyat Indonesia rose 1.89 percent on Friday, a day after the company announced its full-year 2012 results. Indonesia’s second-largest lender by assets said net profit was 18.52 trillion rupiah ($1.90 billion), up 22.8 percent from 15.08 trillion rupiah in the previous year. Loan growth was 22.8 percent, up 14.8 percent, and on par with the industry average of above 20 percent. “BRI’s share price is up strongly during the first month of the year on the back of widely anticipated recovery in 4Q12 loan growth. However given the growth was in lower yielding segments, we see little cause for elation…we see better risk-return in Bank Central Asia or Bank Mandiri which have rising NIMs and stable/rising ROEs,” CLSA analyst Jayden Vantarakis said in a note on Friday. Bank Rakyat Indonesia’s shares were traded at 8,100 rupiah, while the broader Jakarta Composite Index was up 1.2 percent. 1111 (0411 GMT) (Reporting by Andjarsari Paramaditha
