Top 15 Biggest Bank From Indonesia

 

Top 15 Biggest Bank from Indonesia- According to Annual Report of The Bank in 2021, there are Top 15 Indonesia’s Biggest Bank in 2021. As we know, banks always play pivotal roles in the economy. These institutions can help in boosting the nation's economic growth. Functionally, it can be useful as a bridge between people with excessive funds and people with a shortage of money.

In Indonesia, with a population around 270 million people, banks still become the main institutions in helping the economic growth in this nation. Many people still rely on banks to borrow money or take the credit in supporting their economic transactions or activities. Many people in Indonesia still use banking products in investing activities and saving their money. Furthermore, many people still borrow money from the Banks than other institutions.

As of 2021, there are 15 Biggest Banks From Indonesia. All of the data came from the annual report of each bank in 2021. This report basically was published annually to describe the business, and financial conditions / performance. Here is the rank of the 15 Indonesia’s Biggest Banks in 2021.

The Rank of 15 Biggest Bank from Indonesia Based on Assets

Rank	Name of Bank	Total Assets	Total Liabilities	Total Assets	Total Liabilities
		(Indonesian Rupiah (IDR))	(Indonesian Rupiah (IDR))	(US Dollar (USD))	(US Dollar (USD))
1	Bank Mandiri	1,725 trillion	1,326 trillion	115 billion	88.4 billion
2	Bank Rakyat Indonesia (BRI)	1,678 trillion	1,386 trillion	111 billion	92.4 billion
3	Bank Central Asia (BCA)	1,228 trillion	1,019 trillion	81.6 billion	67.9 billion
4	Bank Negara Indonesia (BNI)	964 trillion	838 trillion	64.2 billion	55.8 billion
5	Bank Tabungan Negara (BTN)	371 trillion	327 trillion	24.7 billion	21.8 billion
6	Bank CIMB Niaga	310 trillion	267 trillion	20.6 billion	17.8 billion
7	Bank Syariah Indonesia (BSI)	265 trillion	61.8 trillion	17.6 billion	4.12 billion
8	Bank Permata	234 trillion	197 trillion	15.6 billion	13.1 billion
9	Bank OCBC NISP	214 trillion	182 trillion	14.2 billion	12.1 billion
10	Bank Danamon	192 trillion	147 trillion	12.8 billion	9.8 billion
11	Bank BTPN	191 trillion	155 trillion	12.7 billion	10.3 billion
12	Bank Maybank Indonesia	168 trillion	143 trillion	11.2 billion	9.5 billion
13	Bank Pembangunan Daerah Jawa Barat	158 trillion	137 trillion	10.5 billion	9.1 billion
14	Bank Mega	132 trillion	113 trillion	8.8 billion	7.5 billion
15	Bank Mayapada	119 trillion	105 trillion	7.9 billion	7 billion
16	Bank Pembangunan Daerah Jawa Timur	100 trillion	89.9 trillion	6.6 billion	5.9 billion
17	Bank Bukopin	89 trillion	76 trillion	5.9 billion	5 billion
18	Bank Sinarmas	52.6 trillion	38.7 trillion	3.5 billion	2.5 billion
Source: Annual Report, 2021
Currency Rate:
	1 US Dollar (USD) = 15,000 Indonesian Rupiah (IDR)

The Rank above was arranged based on the assets of the bank in 2021. The data above came from the Balance sheet of the bank. Basically, the balance sheet describes the financial conditions of the bank. These consist of assets, liabilities, and equities. Assets are the non-physical and physical properties that a bank has owned in running the business in a specific time. Meanwhile, liabilities is the debt or obligation that a company must pay off in the future. 

The Rank of 15 Biggest Bank From Indonesia Based on Net Income

Rank	Name of Bank	Net Income	Net Income
		(Indonesian Rupiah (IDR))	(US Dollar (USD))
1	Bank Central Asia (BCA)	31.4 trillion	2.09 billion
2	Bank Rakyat Indonesia (BRI)	30.7 trillion	2.04 billion
3	Bank Mandiri	30.5 trillion	2.03 billion
4	Bank Negara Indonesia (BNI)	10.9 trillion	0.726 billion
5	Bank Syariah Indonesia (BSI)	3 trillion	0.2 billion
6	Bank Mega	4 trillion	0.26 billion
7	Bank CIMB Niaga	4 trillion	0.26 billion
8	Bank BTPN	3.1 trillion	0.20 billion
9	Bank OCBC NISP	2.5 trillion	0.16 billion
10	Bank Tabungan Negara (BTN)	2.3 trillion	0.15 billion
11	Bank Pembangunan Daerah Jawa Barat	2 trillion	0.13 billion
12	Bank Danamon	1.6 trillion	0.10 billion
13	Bank Maybank Indonesia	1.6 trillion	0.10 billion
14	Bank Pembangunan Daerah Jawa Timur	1.5 trillion	0.1 billion
15	Bank Permata	1.2 trillion	0.08 billion
16	Bank Sinarmas	127 billion	0.008 billion
17	Bank Mayapada	44 billion	0.003 billion
18	Bank Bukopin	(-2.3 trillion)	(-0.153 billion)
Source: Annual Report, 2021
Currency Rate:
	1 US Dollar (USD) = 15,000 Indonesian Rupiah (IDR)

The rank above was arranged based on the net income of the bank in 2021. All of the data was obtained from the Income statement of the bank in 2021. Income statements commonly show the business performance of the bank. The profit / net income or losses of the banks can be viewed in this report.

Brief Description of Top 15 Biggest Bank From Indonesia

 

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1.Bank Mandiri

 

Bank Mandiri still become Indonesia's biggest bank in 2021 based on assets. Financially, according to the annual report in 2021, Bank Mandiri has total assets around USD 115 Billion with total liabilities around USD 88.4 Billion and generated net income about USD 2.03 Billion. Historically, this bank was founded in 1998 due to the merger among four banks, namely Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia.

 

2.Bank Rakyat Indonesia (BRI)

 Bank Rakyat Indonesia (BRI) is one of the oldest banks in Indonesia. Historically, on December 16^th, 1895, Raden Bei Aria Wirjaatmadja founded this bank. In Indonesia, BRI has many branches not only in the City but also in village areas / remote areas from the city center. That’s the competitive advantage of BRI compared to other banks in Indonesia. In 2021, based on BRI annual report in 2021, this bank had total assets around USD 111 billion with total liabilities around USD 92.4 Billion and gained net Income about USD 2.04 Billion.

 

3.Bank Central Asia (BCA)

 

Bank Central Asia is the biggest non-government bank in Indonesia. To date, Djarum Group still controls this bank. Financially, in 2021, based on the annual report, BCA has total assets around USD 81.6 Billion with total liabilities around USD 67.9 Billion and has gained net income approximately USD 2.09 Billion. Historically, Liem Sioe Liong initiated the establishment of this bank. He is also the founder of Indofood Group. Because of the financial crisis in 1997-1998, Indofood Group/ Salim group sold this bank to Governments to rejuvenate the financial conditions. To Date, Group Djarum owned this bank.

 

4.Bank Negara Indonesia (BNI)

 Bank Negara Indonesia is a State-owned bank that was founded in 1946. The establishment of PT Bank Negara Indonesia (Persero), Tbk as the first state-owned bank, functioning as a central bank and commercial bank. Later, BNI changed into a Commercial bank in 1955. Furthermore, in 1968, the name of this bank later changed into “Bank Negara Indonesia 1946” (BNI 46). Financially, based on the annual report in 2021, BNI has total assets around USD 64.2 billion with total liabilities around USD 55.8 billion and generated net income around USD 0.726 billion.  

 

5.Bank Tabungan Negara (BTN)

Bank Tabungan Negara is a state-owned bank that serves and supports housing sector financing through three main products, individual banking, business and sharia. The embryo of Bank BTN began with the establishment of Postspaarbank in Batavia in 1897, during the Dutch government. Financially, in 2021, based on the annual report, Bank Tabungan Negara (BTN) has total assets around USD 64.2 billion with total liabilities around USD 55.8 billion and gained net income around USD 0.726 billion.

 

6.Bank CIMB Niaga

CIMB Niaga is a non government bank that was founded on September 26th, 1955. Because of the financial crisis, this bank Niaga was taken over by the Indonesian Government in 1998. In 2002, CIMB Group Holdings Berhad (CIMB Group) has acquired this Bank from Badan Penyehatan Perbankan Nasional (Indonesian Bank Restructuring Agency). In 2021, CIMB Niaga has total assets around USD 20.6 billion with total liabilities around USD 17.8 billion and has gained net income around USD 0.26 billion.

 

7.Bank Syariah Indonesia (BSI)

 Bank Syariah Indonesia is Indonesian Government-owned Sharia Bank that was formed in 2021. This bank was formed because of the merger among Bank Syariah Mandiri, BNI Syariah, and BRI Syariah. This Bank basically focuses on Sharia banking service because of the huge muslim population in Indonesia. Financially, in 2021, Bank Syariah Indonesia (BSI) has total assets around USD 17.6 billion with total liabilities around USD 4.12 billion and has gained net income around USD 0.2 billion.

 

8.Bank Permata

 

Permata Bank was founded in 2002 with the merger of some banks, namely PT Bank Universal Tbk, PT Bank Prima Express, PT Bank Artamedia, dan PT Bank Patriot. Since 2019, Permata Bank has been owned by Bangkok Bank. Financially, in 2021, Bank Permata has total assets around USD 15.6 billion with total liabilities around USD 13.1 billion and has gained net income around USD 0.08 billion.

 

9.Bank OCBC NISP

 Historically, Liem Khe Tjie and Kwee Tjie Hoei founded NISP on April 4th, 1941. In 2008, OCBC Bank from Singapore acquired the NISP. Financially, in 2021, OCBC NISP has assets around USD 14.2 billion with liabilities around USD 12.1 billion and has gained net income around USD 0.16 billion.

 

10.Bank Danamon

 

Bank Danamon started business in the financial industry in 1956 as Bank Kopra Indonesia. In 1970, Its name later changed to PT Bank Danamon Indonesia.  In 2019, Mitsubishi UFJ Financial Group (MUFG) acquired this Bank and became the majority shareholders in Bank Danamon. Financially, in 2021, Bank Danamon has total assets around USD 12.8 billion with total liabilities around USD 9.8 Billion. Based on business performance in 2021, Bank Danamon can generate net income around USD 0.10 Billion.

 

11.Bank BTPN

 

Bank BTPN is the Indonesian Bank that was founded on October 6th, 1959, under the name “PT Bank Pegawai Retired Military” (Bapemil). In the beginning, this bank only accepted deposits and provided loans to military retirees. Until, In 1960, this bank received permission to operate as a commercial bank. In 1986, this bank changed its name to “PT Bank Tabungan Pensiunan Nasional”. In 2018, Sumitomo Mitsui Banking Corporation owned this bank through the merger between BTPN and Bank Sumitomo Mitsui Indonesia (BSMI). Financially, in 2021, BTPN has total assets around USD 12.7 billion with total liabilities around USD 10.3 billion and has gained net income of USD 0.15 billion.

 

12.Bank Maybank Indonesia

 

PT Bank Maybank Indonesia Tbk, formerly known as Bank Internasional Indonesia (BII). Historically, Bank Internasional Indonesia (BII) started its business in the banking industry on May 15th, 1959. In early October 2008, Maybank and Temasek agreed to complete the acquisition of 55.6 percent of BII’s shares at a price of 4.26 billion Malaysian ringgit or around IDR 11.8 trillion. Financially, in 2021, Maybank Indonesia has total assets of USD 11.2 billion with liabilities around USD 9.5 billion. Based on business, Maybank Indonesia generated Net Income USD 0.10 billion in 2021.

 

13.Bank Pembangunan Daerah Jawa Barat (Bank BJB)

Bank BJB is a bank owned by the regional government of West Java Province which is headquartered in Bandung. Historically, BJB was founded on the 20^th May 1961. Financially, in 2021, Bank Pembangunan Jawa Barat has total assets around USD 10.5 billion with total liabilities around USD 9.1 billion. Based on the income statement in 2021, Bank Pembangunan Jawa Barat generated net income around USD 0.13 Billion.

 

14.Bank Mega

Bank Mega is The Indonesia Bank that was owned by Transcorp (Lead by Chairul Tanjung).  Financially in 2021, Bank Mega has total assets around USD 8.8 billion with total liabilities around USD 7.5 billion. Based on business performance in 2021, Bank Mega has generated net income around USD 0.26 billion.

 

15.Bank Mayapada

Bank Mayapada is an Indonesian Bank that was owned by Dato Sri Tahir. Financially, in 2021, Bank Mayapada has total assets of around USD 7.9 billion with total liabilities around USD 7 billion. Based on the income statement report in 2021, Bank Mayapada generated net income around USD 0.003 billion.

 

16.Bank Pembangunan Daerah Jawa Timur (Bank Jatim)

Bank Pembangunan Daerah Jawa Timur or commonly known as Bank Jatim is a regional bank that is owned by the Regional Government of Jawa Timur (East Java). Financially, in 2021, Bank Jatim has total assets around USD 6.6 billion with total liabilities around USD 5.9 billion. Based on the business performance in 2021, Bank Jatim generated net Income around USD 0.1 billion.  

 

17.Bank Bukopin

Bank Bukopin started the banking business on July 10^th, 1970. Financially, Bank Bukopin has assets around USD 5.9 Billion with Liabilities around USD 5 Billion. Based on business performance in 2021, Bank Bukopin suffered net loss around USD (-0.153 billion).

 

18.Bank Sinarmas

Bank Sinarmas is an Indonesian Bank that was owned by Sinar Mas Group. This bank started the banking business on August 18^th, 1989. Bank Sinarmas has total assets of around USD 3.5 billion with total liabilities around USD 2.5 billion. Based on business performance in 2021, Bank Sinarmas generated net income around USD 0.008 billion.

Bibliography of  Top 15 Biggest Bank From Indonesia

Bank Mandiri. 2022. Annual Report 2021. Accessed via https://www.bca.co.id/id/tentang-bca/Hubungan-Investor/laporan-presentasi/Laporan-Tahunan  on February 2nd, 2023.

Bank Rakyat Indonesia (BRI). 2022. Annual Report 2021. Accessed via https://www.ir-bri.com/ar.html  on February 2nd, 2023.

Bank Central Asia (BCA). 2022. Annual Report 2021. Accessed via https://www.bca.co.id/id/tentang-bca/Hubungan-Investor/laporan-presentasi/Laporan-Tahunan on February 2nd, 2023.

Bank Negara Indonesia (BNI). 2022. Annual Report 2021. Accessed via https://www.bni.co.id/id-id/perseroan/hubungan-investor/laporan-presentasi  on February 2nd, 2023.

Bank Tabungan Negara (BTN). 2022. Annual Report 2021. Accessed via https://www.btn.co.id/id/Investor-Relation-Home  on February 2nd, 2023.

Bank CIMB Niaga. 2022. Annual Report 2021. Accessed via https://investor.cimbniaga.co.id/ar.html on February 2nd, 2023.

Bank Syariah Indonesia (BSI). 2022. Annual Report 2021. Accessed via https://ir.bankbsi.co.id/annual_reports.html on February 2nd, 2023.

Bank Permata. 2022. Annual Report 2021. Accessed via https://www.permatabank.com/en/tentang-kami/hubungan-investor  on February 2nd, 2023.

Bank OCBC NISP. 2022. Annual Report 2021. Accessed via https://www.ocbcnisp.com/en/tentang-ocbc-nisp/hubungan-investor/laporan-tahunan  on February 2nd, 2023.

Bank Danamon. 2022. Annual Report 2021. Accessed via https://www.danamon.co.id/id/Tentang-Danamon/InformasiInvestor/Informasi-Keuangan/Laporan-Tahunan  on February 2nd, 2023.

Bank BTPN. 2022. Annual Report 2021. Accessed via https://www.btpn.com/en/hubungan-investor/laporan-tahunan-dan-keberlanjutan/laporan-keberlanjutan  on February 2nd, 2023.

Bank Maybank Indonesia. 2022. Annual Report 2021. Accessed via https://www.maybank.co.id/en/corporateinformation/InvestorRelation/annual-report on February 2nd, 2023.

Bank Pembangunan Daerah Jawa Barat. 2022. Annual Report 2021. Accessed via https://bankbjb.co.id/page/laporan-tahunan on February 2nd, 2023. 

Bank Mega. 2022. Annual Report 2021. Accessed via https://bankmega.com/en/about-us/investor-relations-new/  on February 2nd, 2023.

Bank Mayapada. 2022. Annual Report 2021. Accessed via https://www.bankmayapada.com/en/investor-relations/annual-report on February 2nd, 2023.

Bank Pembangunan Daerah Jawa Timur. 2022. Annual Report 2021. Accessed via https://www.bankjatim.co.id/en/investor-relations/financial-performance on February 2nd, 2023.

Bank Bukopin. 2022. Annual Report 2021. Accessed via https://www.bukopin.co.id/page/laporan-tahunan  on February 2nd, 2023. 

Bank Sinarmas. 2022. Annual Report 2021. Accessed via https://www.banksinarmas.com/id/informasiumum/hubunganinvestor/laporan-tahunan on February 2nd, 2023.