Nbt bank online Banks in Indonesia Despite the many closures at the beginning of 1997, there are currently approximately one hundred thirty-one banks in Indonesia.
Originally, there were more than two hundred banks in the country, a number largely attributable to the fact that opening a bank in Indonesia required the lowest initial investment in all of South East Asia.
However, since the Asian financial crisis of 1997, many banks in Indonesia have been closed and sold, including the Bank Permata on September 5, 2006, which sold the residual 26 percent of its eight largest banks by assets.
The country's central bank believes that the number of banks in Indonesia is still too high, and is particularly interested in consolidating the larger ones despite the numerous closures. Bank Mandiri, Bank Central Asia, Bank Negara, and Bank Rakyat are the four major banks in Indonesia that have qualified as regional contenders.
Bank Mandiri
This bank is the greatest bank in Indonesia in terms of assets, deposits, and loans. As of 2005, it has approximately 250 trillion in assets, a Capital Adequacy Ratio of 23%, a Return on Equity of 10.5%, and a Return on Asset of 1.6%. As of March 2005, Bank Mandiri has 829 branches across three distinct time zones in Indonesia, in addition to six branches outside the country. Additionally, the bank has approximately two thousand five hundred ATMs.
