Indonesia Banks
Bank Central Asia
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Bank Central Asia (BCA) is an Indonesian bank founded on August 10, 1955.
The Asian monetary crisis in 1997 had a tremendous impact on Indonesia’s entire banking system. In particular, it affected BCA’s cash flow and even threatened its survival. Panic rush forced the bank to seek assistance from the Indonesian government. The Indonesian Banking Restructuring Agency (IBRA) took over control of the bank in 1998.
Thanks to its management’s business sagacity and shrewd decision making, full recovery was accomplished later in the same year. In December 1998, third-party funds were back at the pre-crisis level. BCA’s assets stood at Rp 67.93 trillion, as opposed to Rp 53.36 trillion in December 1997. Public confidence in BCA was fully restored, and BCA was released by IBRA to BI in 2000.
Subsequently, BCA took a major step by going public. The IPO took place in 2000, selling 22.55% of BCA’s shares that were being divested by IBRA. After the IPO, the agency still controlled 70.3% of BCA’s total shares. The second Public Offering took place in June and July of 2001, with IBRA divesting an additional 10% of its interest in BCA.
In 2002, IBRA divested 51% of its BCA shares through a strategic private placement tender. The Mauritius-based Farindo Investment won the tender.
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Bank Danamon
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PT Bank Danamon Indonesia Tbk was established in 1956 under the name of PT Bank Kopra Indonesia, in 1976, the Bank's name was changed to the present name, Bank Danamon Indonesia. The Bank became the first Indonesian private foreign exchange bank in 1976 and a publicly listed bank in 1989.
In 1997, as a result of the Asian financial crisis, Bank Danamon ran into liquidity insolvency and was placed under the supervision of the Indonesian Bank Restructuring Agency (IBRA) as a BTO (taken over) bank. In 1999, the government of Indonesia, thought IBRA, recapitalized the Bank with Rp 32 trillion of government bonds. Within the same year, another BTO bank was merger into Bank Danamon as part of the restructuring programme of IBRA.
In 2000, Bank Danamon took under its wings eight other BTO banks. As the surviving entity, Bank Danamon emerged from the merger as one of the pillar banks of Indonesia.
During the next three years, Bank Danamon underwent extensive restructuring involving management, people, organization, systems, core values and corporate identity. The efforts succeeded in laying down new foundations and infrastructure for the Bank to pursue growth based on transparency, responsibility, integrity and professionalism (TRIP).
In 2003, Bank Danamon was acquired by the Asia Finance Indonesia. AFI consortium which took a majority controlling stake in the Bank. With new management at the helm, and 180-day remapping of its business model and strategy, Bank Danamon continues to undergo a transformational change designed to mold it into a leading national bank and a key regional player.
The AFI is primarily owned by Temasek of Spore and Deustche Bank as of 2006 they have 56%.
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Bank Duta Indonesia |
Bank DUTA, which became a public company in June 1990, is one of several prominent private national banks in Indonesia with an extensive. |
Bank Indonesia
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Bank Indonesia is the central bank of Indonesia. Its current governor is Boediono.
Bank Indonesia was founded on July 1, 1953, in the Sukarno era - from the nationalization of De Javasche Bank, a Dutch bank dating from colonial times.
For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation’s bank.
This came to an end with the Act No. 13 Year 1968 on Central Bank, which was subsequently replaced by the Act No. 23 Year 1999, finally freeing the bank from government interference.
Thereafter, the bank reported to the House of Representatives instead of the president, and the bank’s governor was no longer a member of the cabinet.
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Bank Internasional Indonesia |
one of the largest banks in Indonesia. With more than two million customers, more than 250 branch offices, its own network of 600 ATMs |
Bank Lippo
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Lippo Banking Group is Indonesia's 9th largest lender. It is controlled by ethnic Chinese Mochtar Riady together with the Lippo Group. Indonesia sold the stake in Bank Lippo as part of asset disposals aimed at cutting the government's budget deficit and recouping the 450 trillion rupiah it spent to bail out banks after the 1997 Asian financial crisis. Swissasia Global bought 52.1 percent of Bank Lippo in February 2004 from the Indonesian Bank Restructuring Agency for $142 million. The agency took control of Bank Lippo from its previous owners, the Riady family, after the government injected funds into the lender in 1999 to boost capital. The family still holds a minority stake, partly through PT Lippo E-Net, which owns 5.6% of the lender. Despite their minority holding, the Riady's retain controlling rights.
On 26 August 2005, the shareholders of the bank and Bank Indonesia have approved the sales of the 52.05% controlling stake held by Swissasia Global to Santubong Investment B.V which was wholly owned by Khazanah Nasional Berhad, the investment arm of the Malaysian federal government. The sales took effect on 30 September the same year.
The bank's United States subsidiary was implicated in the scandal of improper contributions to the Clinton-Gore Campaign. According to a 1998 Senate Governmental Affairs Committee report, by 1992, while employed by Lippo Bank in California, John "Huang began to raise illegal foreign money for the DNC through Lippo-owned shell companies ... " This money, which wound up in Democratic coffers, was ultimately traced to the "greater China region."
"Huang's colleagues at Lippo Bank . . . never understood his corporate duties and described him as a `mystery man,' " the report said.
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Bank Mandiri |
Bank Mandiri (IDX : BMRI) is the largest bank in Indonesia in term of assets, loans and deposits. Total assets as of Q3 2006 were IDR 253.7 trillion (or USD 25.7 billion). It also has Capital Adequacy Ratio (CAR) of 23% (including market risk), Return on Asset (RoA) of 0.71 %, and Return on Equity (RoE) of 7.38 %.
In May 2005, the bank announced that as a result of new, tighter accounting regulations, its reported nonperforming loans would increase. The resulting increase was a very large one, from 7% non-performance to 25%.
By December 2006, the bank had 924 branches spread across three different time zones in Indonesian archipelago and six branches abroad, about about 2500 Automatic Teller Machines (ATM), and three principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, and AXA Mandiri.
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Bank Negara Indonesia
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Bank Negara Indonesia, commonly known known as BNI, is an Indonesian bank. It has branches primarily in Indonesia, but also in Singapore,Hong Kong,London, and New York. It has 1000 branches and 9 million customers. It is quoted on the Jakarta Stock Exchange (symbol BBNI)IDX: BBNI. Its market capitalization as of March 12, 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).
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Bank Rakyat Indonesia
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Bank Rakyat Indonesia or PT. Bank Rakyat Indonesia (Persero) (BRI), (tr. People's Bank of Indonesia), is one of the larger banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 4,000 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business.
It is currently 70% government owned operating company (Persero) and has been government owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO.
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Bank Universal |
Company Profile & Corporate Philosophy |
Indonesian Bank Restructuring Agency
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an ad hoc institution called IBRA to restore the condition of national banking sector and to pay back the state fund formerly extended to the banking sector.
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Lippo Bank |
Lippo Bank, one of Indonesia's major banks. |
Permata Bank |
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PT Bank Central Asia |
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PT BANK MANDIRI (PERSERO) |
Bank Mandiri are concentrate on retail banking. It also offer high quality banking services to the corporate sector, through high quality banking services in the areas of trade finance, cash management, syndication and capital market. |
SG Private Banking Asia Pacific
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SG Private Banking's network of offices extends throughout Asia. Singapore is the regional hub for Asia Pacific including Japan. Read 1 Reviews
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Above may be not an exhaustive list of banks in this country. Also, the
information might be outdated or wrong.
Some of the information placed above may have been taken from:
Wikipedia
www.banks.az
mbendi.co.za
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