FinanceAsia Country Achievement Awards - Indonesia

FinanceAsia has announced the coveted Country Awards for this year. The winners are the best commercial and investment banks in each country in Asia. Here we present the winners from Indonesia.

Best Domestic Commercial Bank Bank Central Asia

Selecting the best bank in Indonesia is not a task for the faint-hearted. We have chosen Bank Central Asia, which in some respects is not a bank at all but rather a huge vehicle that holds government bonds. The bank's portfolio is 94% in government bonds and only 4% in loans. But that is why we like it.

Investors tend to agree, as is indicated by the success of its $114.9 million privatization in May. Around 30% of the placement was with international investors who view the former Salim-family bank as a good vehicle. Given that its balance sheet is...

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