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.