PT Bank Rakyat Indonesia Agroniaga Tbk announced earnings results for the nine months ended September 2012. The company recorded lower net profits, assets and third-party funds for the first nine months of 2012. The fall in the profits was partly caused by a higher operating costs for trainings and rebranding following the acquisition.

The bottom line profits were IDR 22.25 billion ($2.3 million) as of September, down 15% from the same period last year.