'SWA' magazine ranks BII as the best bank
'SWA' magazine ranks BII as the best bank
JAKARTA (JP): Bank Internasional Indonesia (BII), with assets
of Rp 12.89 trillion (US$5.5 billion), was ranked the soundest of
nine banks with assets over Rp 10 trillion by SWA business
magazine.
Bank Dagang Nasional Indonesia took second place, Bank Danamon
was third, Bank Negara Indonesia was fourth and state-owned Bank
Rakyat Indonesia was fifth.
State-owned Bank Ekspor Impor Indonesia was ranked sixth, Bank
Central Asia was seventh, Bank Dagang Negara was eighth and Bank
Bumi Daya was ninth.
The monthly magazine based its rankings on the banks'
performances according to return on risk assets, net revenue from
funds, fee-based income, capital adequacy ratio, loan to core
deposit ratio and lending quality.
Citibank was ranked as the best of the banks with assets
between Rp 1 trillion and Rp 10 trillion.
Second in this category was the branch office of the Bank of
Tokyo, third was Bank DKI, fourth was Bank Dharmala and fifth was
Bank Tiara. Bank Sumitomo Niaga, Unibank, Bank Bali, Bank Nusa
and Bank Jaya were ranked sixth to 10th respectively.
Sujatmaka of SWA magazine said the country's 240 commercial
banks were ranked in categories because it was difficult for
small banks to compete with large banks.
The magazine, in cooperation with MarkPlus Professional
Service, also ranked banks according to the quality of their
customer service.
Citibank was ranked as the best service provider, followed by
Bank Rakyat Indonesia, Bank Internasional Indonesia, Bank Utama,
Bank Central Asia, Bank Danamon, Bank Pacific, Bank Bukopin and
Bank Niaga.
Handi Irwan, a partner of MarkPlus Professional Service, said
that the survey reviewed the main banks with assets between Rp 2
trillion and Rp 12 trillion.
Infobank announced its bank ratings last week, with Bank Tiara
ranked number one with assets of over Rp 1 trillion.
Bank DKI and Bank Dharmala were ranked second and third
respectively. The branch office of the Bank of Tokyo was ranked
fourth, Bank Mashill was fifth and Bank Bira was sixth.
Bank Panin, Bank Surya, the branch office of Citibank and Bank
Bali were ranked seventh, eighth, ninth and 10th respectively.
The magazine based its assessment on the performances of
banks' capital asset ratios, net interest margins, returns on
assets, returns on equity and loan to deposit ratios.
Bank Rama and Daiwa Perdania were ranked first and second in
the Infobank top-ten list of banks with assets between Rp 500
billion and Rp 1 trillion.
Bank NISP, United Overseas Bank Bali, Bank Prima Express, Bank
Putera Surya Perkassa, Bank Tokai Lippo, Bank Credit Lyonnais
Indonesia, LTCB Central Asia and BPD Sumatra Utara were ranked
from three to 10 respectively. (hen)