FinanceAsia Country Achievement Awards - 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...