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Top 1000 World Banks – Indonesia’s banks creep up the ranking

Indonesia’s lenders have had a strong showing in this year’s Top 1000 ranking. Kimberley Long reports on how the country’s domestic banks are pushing forward.
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Indonesia has revealed a strong year of growth in 2020’s world banks ranking, with its top four banks all posting close to 20% increases in Tier 1 capital over the course of 2019.

Bank Rakyat Indonesia (BRI) is the highest placed Indonesian bank, coming in 112th overall with $14.2bn in Tier 1 capital. This significant increase on 2019’s rank of 128th is thanks to a 19.2% increase in Tier 1. The rise was enough to push Bank Mandiri down to second place in the country ranking, despite its own jump up the global ranking from 122nd place to 113th, with an 18.25% increase in Tier 1 capital.

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Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
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