Business & Economy

Bank Sulutgo more than double profit in 2016

Manado (ANTARA News) – Bank Sulawesi Utara dan Gorontalo (Sulutgo) reported Rp266.7 billion in net profit in 2016 after shrinking 20.55 percent to Rp126.91 billion in 2015 from the previous year.

In 2015, the bank, which is owned jointly by the provincial administrations of North Sulawesi and Gorontalo, recorded a sharp fall in profit from Rp159.75 billion in 2014.

“In 2016 we recorded Rp266.7 billion in profit though not yet audited,” the banks president Jeffry AM Dendeng said here on Monday.

Jeffry attributed the surge in profit to hard work by the bank employees in North Sulawesi, Gorontalo and Java.


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