Business

Seven large banks rated
‘very good’

JAKARTA: Seven banks categorized as large banks — having assets of between Rp 1 trillion (US$117 million) to Rp 10 trillion — including CIMB Niaga, Bank Rakyat Indonesia, Bank Danamon, Bank Mandiri, Bank Central Asia (BCA), PaninBank and Bank Negara Indonesia were rated “very good”, according to the latest survey conducted by Infobank Magazine’s research department.

Of Indonesia’s banks categorized as medium-sized, with assets of between Rp 100 billion and Rp 1 trillion, those receiving “very good” ratings included Bank Kalbar, Bank Lampung, Bank Jambi, Bank Sulsel, Bank NTB, Bank Sumsel Babel, Bank Kesejahteraan Ekonomi, Bank BPD Kalsel and Bank Nagari.

“Most of the banks in the country are doing well,” Eko B Supriyanto, the director of Infobank’s research bureau, told reporters during the announcement of the study’s results.

He explained that the study was conducted by examining performance, which was based on the capital adequacy ration (CAR), productive assets, susceptibility, liquidity and efficiency of 120 existing banks in the country in the last two years.

According to the survey, Bank Pundi was the only bank classified as “not good” because the bank was still recovering from bad credits and decreased assets. — JP

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