Largest Banks in Indonesia by Assets

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05/02/2018 08:01 WIB

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Top 10 Banks by Assets + BTPN & Sumitomo Indonesia Merger (September 2017)

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Top 10 Banks by Assets + BTPN & Sumitomo Indonesia Merger (September 2017)

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PT Bank Mandiri (Persero) Tbk and PT Bank Rakyat Indonesia (Persero) Tbk still lead the banks with the largest assets in Indonesia. These two state-owned enterprises (SOEs) each have assets exceeding Rp 1,000 trillion. Meanwhile, PT Bank Central Asia Tbk, the largest private bank, ranks third.

The planned merger of PT Bank Tabungan Pensiun Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (BSMI) will place the resulting merged bank among the top 10 banks with the largest assets in Indonesia. Based on published financial reports as of September 2017, BTPN's assets totaled Rp 93.8 trillion and BSMI's reached Rp 68.7 trillion. Therefore, a merger of the two banks would result in combined assets of Rp 162.5 trillion.

With assets of that size, the merged bank would displace PT Bank Permata Tbk, which currently holds the tenth position with assets of Rp 150.7 trillion.

"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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