Indonesia’s results in the Top 1000 World Banks ranking show that the banks have felt the effects of a difficult year. The country’s banks have slipped down the ranking as they struggled with declines to their Tier 1 capital.
Bank Rakyat Indonesia (BRI) is the largest of the 10 Indonesian banks that made it into this year’s Top 1000. While the bank has held steady at the top of the country ranking, it dropped to 131st place in the Top 1000 from 112th in 2020, as its Tier 1 capital declined by 5.73% to $13.4bn. However, BRI expanded its asset base by 5.2%.
