Most of the banks' profitability increased by around 25-30%

Bank Mayapada Internasional posted 25 percent growth in net income to Rp 352.42 billion ($32 million) in the January-September period from a year earlier.

Bank Jatim, regional development bank for East Java, booked a 29 percent increase in profit to Rp 681.07 billion , while its net interest income increased 22 percent to Rp 1.77 trillion.

Bank Mestika Dharma, a Medan-based lender that is reported to be the target of an acquisition by a Malaysian lender, posted a 14 percent rise in profit to Rp 259.02 billion in the period.

Higher profit at Mayapada and Bank Jatim followed similar reports from other lenders. Bank Negara Indonesia, Bank Rakyat Indonesia and Bank Danamon Indonesia last week also announced profit increases in their nine-month statements.

(The Jakarta Globe)