Share this article WhatsappFacebookTwitterLinkedin Aditya Hadi (The Jakarta Post) Jakarta ● Sat, April 29, 2023Major Indonesian banks saw their cost of funds (COF) rise during the first quarter of this year as they strived to maintain public money on balance sheets in a high interest rate environment. COF measures the rate banks have to pay in order to secure sufficient funds needed to sustain operations, which primarily involve lending to customers. State-owned lender Bank Mandiri said in its quarter one earnings report that its COF had increased by 0.32 percentage points compared to the previous quarter, following a move to offer time deposits at a special rate to maintain liquidity. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app contente-Post daily digital newspaperNo advertisements, no interruptionsPrivileged access to our events and programsSubscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed?

Source: Koran Tempo April 29, 2023 13:21 UTC