We expect an economic recovery to gradually improve banks' business prospects in 2022. We believe the largest banks, including BRI, are well-placed to take advantage of improving conditions as their financial profiles should remain resilient, helped by another extension of regulatory forbearance on loan classifications until end-1Q23.
MARKET VALUE: US$32.1 BILLION. PT Bank Central Asia Tbk (BCA) is Indonesia’s largest lender by market value and the second largest bank by assets. The bank has experienced a remarkable recovery from the in the late 1990s when the Indonesian banking system almost went bankrupt. In terms of market capitalization, BCA is one of the largest
– It is the largest bank (by assets) in Indonesia and is government-owned, so has more staff and branches than many other banks. Some would also suggest that this position makes it less likely to suffer difficulties in a financial crisis. – Friendly, helpful and professional customer service staff.
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largest banks in indonesia