South-east Asia’s biggest economy is also its most promising. Data collected by The Banker reveals how its lenders are helping drive this momentum.

While many emerging market darlings lost their lustre in recent years, often as a result of political and economic crises, Indonesia soldiered on. With he world’s fourth highest population and economic growth hovering around 5%, it continues to be a top pick for investment analysts.

The country’s biggest banks are also keeping pace. They are key players in the nation-wide digital transformation to connect its remote populace with finance and are among Asia’s fastest-growing lenders. 

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Between 2015 and 2016 Bank Mandiri, the country’s biggest, increased its Tier 1 capital by 42% while Bank Rakyat Indonesia grew by more than 50%. The chaser pack, consisting of Bank Central Asia and Bank Negara Indonesia, increased their capital base between 27% and 30% respectively. Fifth-placed Bank Danamon posted more modest, yet still respectable, growth of 4%.

With capital adequacy ratios between 20% and 23% and return-on-capital and return-on-assets ratios more than double the regional average, the banks are well-positioned to capitalise on the country’s growth.

All data sourced from www.thebankerdatabase.com

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