68 RI banks listed among Asia's largest

JAKARTA (JP): Sixty-eight of Indonesia's 234 banks have been listed among Asia's 500 largest commercial banks, which last year recorded good performances in assets, deposits, loans, profits and growth.

A regional weekly magazine,Asiaweek, reported in its September issue that out of the 68 Indonesian banks included in the Asiaweek Financial-500 list, six are state-owned, five are development banks, four are joint venture banks and the remaining 53 are private commercial banks.

The report said that four of Indonesia's seven state banks, including Bank Negara Indonesia (BNI), Bank Bumi Daya (BBD), Bank Dagang Negara (BDN) and Bank Rakyat Indonesia (BRI), top the rank of Indonesia's 68 largest banks.

BNI, which ranks 126th among Asia's 500 largest banks, leads the Indonesian banks with assets reaching US$13.21 billion, deposits of $10.67 billion, loans of $8.42 billion and net profits of $117.6 million, while BBD ranks 134th, or the second among Indonesian banks, with assets of $12.11 billion, deposits of $9.90 billion, loans of $9.11 billion and net profits of $94.5 million.

BDN is ranked 136th in Asia, or the third in Indonesia, with assets of $11.92 billion, deposits of $9.90 billion, loans of $8.04 billion and net profits of $105.3 million, and BRI at 137th in Asia, or fourth in Indonesia, with assets of $11.91 billion, deposits of $9.59 billion, loans of $9.01 billion and net profits of $51.1 million.

Bank Central Asia ranks 178th among Asia's 500 largest banks, Bank Danamon 249th, Bank Internasional Indonesia 262nd, Bank Dagang National Indonesia 278th, state-owned Bank Tabungan Negara 284th and Lippo Bank 297th.

10 largest

According to the magazine, Indonesia's 10 largest banks recorded combined assets of around $99.5 billion and net profits of $925 million as of last year.

The six development banks listed in Asiaweek are Bank Pembangunan Indonesia (Bapindo), the provincial development bank (BPD) of Jakarta (ranking 407th), BPD of Central Java (422nd), BPD of West Java (432nd), BPD of East Java (441st) and BPD of North Sumatra (490th).

The magazine has put six Japanese commercial banks at the top of the Asiaweek Financial-500 list. They are Sumitomo Bank, Sakura Bank, Dai-Ichi Kangyo Bank, Fuji Bank, Sanwa Bank, Mitsubishi Bank.

"Every one of Japan's 151 full-service banks (with total assets of $7.3 trillion) made the Financial-500, and 33 are in the top 50. But troubled loans have hit profits," the magazine said.

In terms of assets, China posted second place after Japanese banks with their assets of $749.8 billion. South Korea recorded $401.8 billion, Australia and New Zealand $409 billion each, Hong Kong with $250.9 billion and Taiwan with $389 billion.

ASEAN

The magazine also carried reports on the performance of the Association of Southeast Asian Nations' (ASEAN) banks, in which Indonesia has 14 banks among ASEAN's 50 top banks.

The 14 Indonesian banks are Bank Negara Indonesia (ninth), Bank Bumi Daya (11th), Bang Dagang Negara (12th), Bank Rakyat Indonesia (13th), Bank Central Asia (17th), Bank Danamon (28th), Bank Internasional Indonesia (31st), Bank Dagang Nasional Indonesia (35th), Bank Tabungan Negara (37th), Lippo Bank (38th), Bank Umum Nasional (41st), Bank Bali (42nd), Bank Niaga (43rd) and Pan Indonesia Bank (14th).

ASEAN groups Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.

DBS Bank and United Overseas Bank, both of Singapore, top ASEAN's 50 bank list, with assets of $39.34 billion and $31.11 billion, respectively.

Bangkok Bank of Thailand, Overseas-Chinese Banking Corporation of Singapore and Malayan Banking of Malaysia posted the third, fourth and fifth places, respectively. (fhp)