BRI named bank of the year

BRI named bank of the year

JAKARTA: PT Bank Rakyat Indonesia (BRI) was named by Investor magazine on Wednesday as the best of the country's recap banks with assets of more than Rp 50 trillion, followed by Bank Central Asia and Bank Mandiri.

The magazine also named Bank Bukopin as the best among the recap banks with assets of between Rp 10 billion and Rp 50 billion, and Bank Buana as the best among the non-recap banks with assets of between Rp 10 billion and Rp 50 billion.

The magazine used several criteria to asses the performance of the banks, including capital adequacy ratio (CAR), non-performing loan (NPL) ratio, return on assets (ROA), return on equity (ROE), net interest margin (NIM) and loan to deposit ratio (LDR). -- JP