At the ASEAN level, national bank assets still lag behind.

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10/08/2017 11:47 WIB

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ASEAN Banking Assets as of June 2017

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Singaporean banks still lead in terms of banking asset value in Southeast Asia. First is DBS Holding with assets of Rp 4,716 trillion, followed by Oversea-Chinese Banking Corporation (OCBC) with assets of Rp 4,195 trillion, and third is United Overseas Bank (UOB) with assets of Rp 3,337 trillion.

Meanwhile, the largest Indonesian national bank in terms of total assets is Bank Mandiri, with Rp 1,067 trillion. This is followed by Bank BRI with assets of Rp 1,027.3 trillion, and then Bank BCA with assets of Rp 738 trillion.

To catch up with the large banks in Southeast Asia, large domestic banks will undertake acquisitions. For example, Bank BCA has prepared a business plan to acquire two smaller domestic banks with funds of Rp 3 trillion. Bank Mandiri also plans to acquire two local banks in the Philippines to expand its business in that country.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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At the ASEAN level, national bank assets still lag behind.

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At the ASEAN level, national bank assets still lag behind.

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