BCA scoops best Asian bank award

Indonesian bank dominates competition with its prudent, sensible approach.

Indonesia's Bank Central Asia has been named Best Asian Bank by FinanceAsia, brushing aside strong competition from across the region, bolstered by its prudent, sensible approach to risk.

The bank was announced as the cream of Asia’s domestic financial institutions at FinanceAsia’s award ceremony at the Four Seasons in Singapore on Thursday night.

“This is a great surprise,” Jahja Setiaatmadja, president director and chief executive of BCA said after the event. “This is the first time BCA has become the best bank in these awards. It recognised our efforts to maintain the full quality of the bank, and to remain profitable even...

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