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bbinTheIndonesiansubsidiaryofUnitedStates-basedCitibanksawan46.2percentincreaseinitsnetprofitlastyear,contributedmostlybythe16.1percentincreaseinitsnetinterestincome.Thebanksnetprofitin2016increasedtoRp2.29trillion(US$171.88million)fromRp1.56trillionin2015,whileitsnetinterestincomeincreasedtoRp4.12trillionfromRp3.54trillion,CitibankIndonesiachiefexecutiveofficerBataraSianturitoldreportersinJakartaonWednesday.Thepositiveresultwassupportedbythestablethird-partyfunds,hesaid,addingthatthebankrecordedRp24.56trillionindemanddeposits,Rp9.75trillioninsavingsandRp15.57trillionintimedeposits.(Readalso:)Operatingcostsimprovedlastyearduetoimprovementsintheefficiencyrate,asreflectedbythedecreaseinthecost-to-incomeratioto81.6percentfrom89.2percent,Batarasaid.Headdedthatthebankhadalsoimproveditscapitaladequacyratio(CAR)by1.80percentto30percentasoflastDecember.(yon/bbn)

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