Indonesia

Indo Premier Securities

Last year, it was one of eight banks involved in setting up the Indonesian sustainable finance initiative under the Financial Services Authority. As chair of the initiative, BRI promotes strategic programmes, builds partnerships and initiates projects to establish a green business model.

When a bank says that 70% of the billionaires on the Forbes Indonesia list are customers, you know its services are top notch. That’s the kind of reputation Credit Suisse, winner of best private bank 2019, has with its clients.

In the last year, Bank Central Asia has given its digital ambitions a new lease of life, making it Asiamoney’s best digital bank in Indonesia in 2019. The bank has positioned itself for growth by adopting more digital technology in its operations, particularly in transaction banking.

Citi’s operation in Indonesia is envied by both domestic banks and other international lenders alike. And for good reason. The US firm is one of the few international banks in the southeast Asian country to cover corporate and investment, commercial and consumer banking.

In terms of both quality and quantity, Mandiri Sekuritas’ corporate and investment banking business impresses. During the Asiamoney awards period, the securities house – which is a subsidiary of Bank Mandiri – ranked third for investment banking revenue in Indonesia, earning $11 million for a 5.5% market share, behind Standard Chartered in first and BNP Paribas in second place, according to Dealogic data.

Its popularity is revealed in its financials. In 2018, total income from SME banking in Indonesia rose 12%, while loan balances increased 20% to Rp18.8 trillion ($1.3 billion) from Rp15.7 trillion in 2017. Deposit balance jumped 32% while the current account balance grew 11%.

Bank Central Asia, led by president director Jahja Setiaatmadja, has an enviable reputation in Indonesia. The publicly listed bank boasts strong financials and fundamentals that reflect consistency and stability – winning traits for the best domestic bank in the country.