Bank Indonesia

Bank Syariah Caution

JAKARTA, TUESDAY – Ratio of financing to fund a third party or the financing to deposit ratio increased in the last year. Sharia banks should be careful, given the liquidity conditions in the banking industry is still tight. FDR per sharia banking in October 2008 to reach 112 percent.

Based on data from Bank Indonesia, FDR per sharia banking in October 2008 increased compared to the same period year ago of 103 percent.
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Lippo Bank

Lippo Bank is Indonesia’s 9th largest bank in Indonesia by the number of the assets. 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.
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Bank Danamon Indonesia

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.
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Bank Central Asia (BCA)

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.
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Bank Negara Indonesia

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

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. Read more »

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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 the Indonesian archipelago and six branches abroad, about 2500 Automatic Teller Machines (ATMs), and three principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, and AXA Mandiri.
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