JAKARTA, April 12 Bank Mandiri,
Indonesia's biggest bank by assets, expects its provisions to
sharply drop to 16-18 trillion rupiah ($1.2-1.4 billion) this
year as it steps up restructuring and asset sales, its chief
executive told Reuters on Wednesday.
Its provisions stood at 24.6 trillion rupiah at the end of
2016, more than double the 12.0 trillion a year earlier.
Mandiri also sees its gross non-performing loans dropping to
3 percent of total loans this year from 4 percent at the end of
2016, CEO Kartika Wirjoatmodjo said in an interview.
The state-controlled bank saw inflows of almost 30 trillion
rupiah ($2.3 billion) from Indonesia's tax amnesty scheme,
Wirjoatmodjo said, adding that some of the funds are being
converted into assets such as bonds.
Mandiri reported a 32 percent fall in 2016 net profit to its
lowest in five years.
($1 = 13,274.0000 rupiah)
(Reporting by Eveline Danubrata and Gayatri Suroyo; editing by