Top 20 Biggest Bank From Indonesia

 

Top 20 Biggest Bank from Indonesia in 2024

 

Top 20 Biggest Bank from Indonesia- According to Annual Report of The Bank in 2024, there are Top 20 Indonesia’s Biggest Bank in 2024. 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 2024, there are 20 Biggest Banks from Indonesia. All the data came from the annual report of each bank in 2024. This report was published annually to describe the business and financial conditions / performance. Here is the rank of the 20 Indonesia’s Biggest Banks in 2024.

 

The Rank of 20 Biggest Bank from Indonesia Based on Total Assets in 2024

Rank	Name of Indonesian Bank	Total Assets in 2024	Total Assets in 2024	Total Liabilities in 2024	Total Liabilities in 2024
		(in Indonesian Rupiah (IDR))	(in US Dollar (USD))	(in Indonesian Rupiah (IDR))	(in US Dollar (USD))
1	Bank Mandiri	IDR 2,427 trillion	USD 148 billion	IDR 1,860 trillion	USD 113 billion
2	Bank Rakyat Indonesia (BRI)	IDR 1,992 trillion	USD 121 billion	IDR 1,669 trillion	USD 101 billion
3	Bank Central Asia (BCA)	IDR 1,449 trillion	USD 88.3 billion	IDR 1,177 trillion	IDR 71.7 billion
4	Bank Negara Indonesia (BNI)	IDR 1,129 trillion	USD 68.8 billion	IDR 962 trillion	USD 58.6 billion
5	Bank Tabungan Negara (BTN)	IDR 469 trillion	USD 28.6 billion	IDR 407 trillion	USD 24.6 billion
6	Bank Syariah Indonesia (BSI)	IDR 408 trillion	USD 24.8 billion	IDR 363 trillion	USD 22.1 billion
7	Bank CIMB Niaga	IDR 360 trillion	USD 21.9 billion	IDR 307 trillion	USD 18.7 billion
8	Bank OCBC NISP	IDR 281 trillion	USD 17.1 billion	IDR 240 trillion	USD 14.6 billion
9	Bank Permata	IDR 259 trillion	USD 15.7 billion	IDR 216 trillion	USD13.1 billion
10	Panin Bank	IDR 243 trillion	USD 14.83 billion	IDR 187 trillion	USD 11.4 billion
11	Bank Danamon	IDR 242 trillion	USD 14.8 billion	IDR 190 trillion	USD 11.5 billion
12	Bank SMBC Indonesia	IDR 241 trillion	USD 14.7 billion	IDR 186 trillion	USD 11.3 billion
13	Bank Jawa Barat	IDR 219 trillion	USD 13.3 billion	IDR 190 trillion	USD 11.5 billion
14	Bank Maybank Indonesia	IDR 197 trillion	USD 12.0 billion	IDR 166 trillion	USD 10.1 billion
15	Bank Mayapada	IDR 150 trillion	USD 9.1 billion	IDR 133 trillion	USD 8.1 billion
16	Bank Mega	IDR 135 trillion	USD 8.2 billion	IDR 113 trillion	USD 6.8 billion
17	Bank Jawa Timur	IDR 118 trillion	USD 7.1 billion	IDR 88.4 trillion	USD 5.3 billion
18	Bank KB Bukopin	IDR 83 trillion	USD 5 billion	IDR 75 trillion	IDR 4.5 billion
19	Bank Muamalat Indonesia	IDR 60 trillion	USD 3.6 billion	IDR 54 trillion	USD 3.2 billion
20	Bank Sinarmas	IDR 55.6 trillion	USD 3.4 billion	IDR 40 trillion	USD 2.4 billion
21	Bank Jtrust Indonesia	IDR 40.2 trillion	USD 2.4 billion	IDR 36.4 trillion	USD 2.2 billion
22	China Construction Bank Indonesia	IDR 33.5 trillion	USD 2.1 billion	IDR 26.7 trillion	USD 1.6 billion
23	Bank NationalNobu	IDR 33.3 trillion	USD 2 billion	IDR 29.6 trillion	USD 1.8 billion
	Source: Annual Report, 2024
	IDR Rupiah - Official Currency Used in Annual Report in 2024
	USD Dollar - Converted Currency from Indonesian Rupiah (IDR) to US Dollar (USD) Using Currency Rate Below
	Currency Rate:
	1 US Dollar (USD) = 16,000 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 at a specific time. Meanwhile, liabilities are the debt or obligation that a company must pay off in the future. 

 

 

The Rank of 20 Biggest Bank from Indonesia Based on Net Income in 2024

Rank	Name of Indonesian Bank	Net Income/ Profit	Net Income/ Profit
		(in Indonesian Rupiah (IDR))	(in US Dollar (USD))
1	Bank Mandiri	IDR 61.1 trillion	USD 3.7 billion
2	Bank Rakyat Indonesia (BRI)	IDR 60.6 trillion	USD 3.6 billion
3	Bank Central Asia (BCA)	IDR 54.8 trillion	USD 3.3 billion
4	Bank Negara Indonesia (BNI)	IDR 22.6 trillion	USD 1.3 billion
5	Bank CIMB Niaga	IDR 6.8 trillion	USD 0.45 billion
6	Bank Syariah Indonesia (BSI)	IDR 7 trillion	USD 0.42 billion
7	Bank OCBC NISP	IDR 4.8 trillion	USD 0.29 billion
8	Bank Permata	IDR 3.5 trillion	USD 0.21 billion
9	Bank Danamon	IDR 3.3 trillion	USD 0.20 billion
10	Bank SMBC Indonesia	IDR 3.2 trillion	USD 0.19 billion
11	Bank Tabungan Negara (BTN)	IDR 3 trillion	USD 0.18 billion
12	Panin Bank	IDR 2.86 trillion	USD 0.17 billion
13	Bank Mega	IDR 2.6 trillion	USD 0.15 billion
14	Bank Pembangunan Daerah Jawa Barat	IDR 1.45 trillion	USD 0.08 billion
15	Bank Pembangunan Daerah Jawa Timur	IDR 1.29 trillion	USD 0.078 billion
16	Bank Maybank Indonesia	IDR 1.19 trillion	USD 0.07 billion
17	Bank Sinarmas	IDR 0.37 trillion	USD 0.023 billion
18	Bank NationalNobu	IDR 0.329 trillion	USD 0.02 billion
19	Bank China Construction Bank Indonesia	IDR 0.295 trillion	USD 0.018 billion
20	Bank Mayapada	IDR 0.025 trillion	USD 0.001 billion
21	Bank Muamalat Indonesia	IDR 0.018 trillion	USD 0.001 billion
22	Bank Jtrust Indonesia	IDR 0.002 trillion	USD 0.0001 billion
23	Bank KB Bukopin	(IDR -6.3 trillion)	(USD -3.8 billion)
	Source: Annual Report, 2024
	IDR Rupiah - Official Currency Used in Annual Report in 2024
	USD Dollar - Converted Currency from Indonesian Rupiah (IDR) to US Dollar (USD) Using Currency Rate Below
	Currency Rate:
	1 US Dollar (USD) = 16,000 Indonesian Rupiah (IDR)

 

The rank above was arranged based on the net income of the bank in 2021. All 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 20 Biggest Bank from Indonesia

 

1.Bank Mandiri

Bank Mandiri still become Indonesia's biggest bank in 2024 based on total assets net income. 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. Along with business development, Bank Mandiri successfully has 139 Branch Offices and 2,053 Sub-Branch Offices in Indonesia. To help its customers, Bank Mandiri has 12,892 automated teller machines (ATM) located mostly in Indonesia. Based on performance as an intermediary institution in the year 2024, Bank Mandiri successfully penetrated its credit IDR 1,671 trillion. Meanwhile, Bank Mandiri still can collect Total Third-Party Funds (TPF) reaching IDR 1,699 trillion.

Financially, according to the annual report in 2024, Bank Mandiri has total assets around IDR 2,427 trillion or equivalent to USD 148 billion with total liabilities around IDR 1,860 trillion or equivalent to USD 113 billion. In terms of business performance in 2024, Bank Mandiri successfully generated net income of about IDR 61.1 trillion or equivalent to USD 3.7 billion.

 

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 is the competitive advantage of BRI compared to other banks in Indonesia. Operationally, in the year of 2024, BRI has 453 branch offices, and 7,014 sub-branch offices located in Indonesia and total employees of BRI is about 81,848 people. Along with business development in 2024, Bank Rakyat Indonesia (BRI) has third party funds from its customers reaching IDR 1,365 trillion with successfully penetrated total loans to its debitor reaching IDR 1,354 trillion. Overall, in 2024, the total savings account of BRI's customers reached 183 million. Meanwhile, total loan customers are about 35.9 million mostly in Indonesia.

Financially in the year of 2024, based on BRI annual report in 2024, Bank Rakyat Indonesia has total assets around IDR 1,992 trillion or equivalent to USD 121 billion with total liabilities around IDR 1,669 trillion or equivalent to USD 101 billion. Related to business performance in 2024, Bank Rakyat Indonesia successfully gained net Income about IDR 60.6 trillion or equivalent USD 3.6 billion.

 

3.Bank Central Asia (BCA)

Bank Central Asia is the biggest non-government bank in Indonesia. Historically, Liem Sioe Liong initiated the establishment of this bank. He is also the founder of Indofood Group. Because of the monetary crisis in 1997-1998, Indofood Group/ Salim group sold this bank to Governments to rejuvenate the financial conditions. To Date, Group Djarum still fully owned this bank. Operationally, in the year of 2024, BCA operated 1,264 branch offices and outlets and total employees of BCA are about 26,532 people. In terms of business performance as an intermediary function, Bank Central Asia (BCA) successfully distributed its loan, reaching IDR 921,878 billion. Meanwhile, Bank Central Asia (BCA) has IDR 1,133,612 billion of Third-Party Funds.

Financially, in 2024, according to its the annual report, BCA has total assets around IDR 1,449 trillion or equivalent to USD 88.3 billion with total liabilities around IDR 1,177 trillion or equivalent to IDR 71.7 billion and has gained net income approximately IDR 54.8 trillion or equivalent to USD 3.3 billion.

 

4.Bank Negara Indonesia (BNI)

Bank Negara Indonesia 46 (Bank BNI) 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). Operationally, in the year 2024, BNI operated 1,838 branch offices and outlets and total employees of Bank BNI are about 27,203 people. In terms of business performance as an intermediary function, the total loans disbursed of Bank Negara Indonesia 46 (BNI) achieved IDR 775.9 trillion. Meanwhile, Bank Negara Indonesia 46 (BNI) has owned IDR 257.5 trillion of Third-Party Funds.

Financially, based on the annual report in 2024, BNI has total assets around IDR 1,129 trillion or equivalent to USD 68.8 billion with total liabilities around IDR 962 trillion or equivalent to USD 58.6 billion. In terms of business performance in 2024, Bank Negara Indonesia (BNI) successfully generated net income around IDR 22.6 trillion or equivalent to USD 1.3 billion.

5.Bank Tabungan Negara (BTN)

Bank Tabungan Negara (BTN) 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. As of 2024, along with business development, the conventional bank network of BTN consists of 8 Regional Offices, 82 branch Offices, 536 sub-Branch offices. Furthermore, total employees of Bank BTN around 12,847 people as of December 31, 2024. In 2024, Bank BTN had third party funds around IDR 382 trillion.

Financially, in 2024, based on the annual report, Bank Tabungan Negara (BTN) has total assets around IDR 469 trillion or equivalent to USD 28.6 billion with total liabilities around IDR 407 trillion or equivalent to USD 24.6 billion. In terms of business performance in 2024, Bank Tabungan Negara successfully gained net income around IDR 3 trillion or equivalent to USD 0.18 billion.

 

6.Bank CIMB Niaga

 CIMB Niaga is a non-government bank that was founded on September 26th, 1955. Because of the monetary crisis, this bank Niaga was taken over by the Indonesian Government in 1998. In 2002, CIMB Group Holdings Berhad (CIMB Group) acquired this Bank from Badan Penyehatan Perbankan Nasional (Indonesian Bank Restructuring Agency). Operationally, as of 2024, the number of branch offices of CIMB Niaga reached 407 units and ATM was around 3,265 units. Furthermore, the total employees of CIMB Niaga reached 12,004 people. In terms of business performance for the year 2024, the CIMB Niaga Bank’s customer deposits were around IDR 260.6 trillion and CIMB Niaga successfully penetrated its loans reaching IDR 228.0 trillion.

 

Financially, in 2024, CIMB Niaga has total assets around IDR 360 trillion or equivalent to USD 21.9 billion with total liabilities around IDR 307 trillion or equivalent to USD 18.7 billion and gained net income around IDR 6.8 trillion or equivalent to USD 0.45 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. Operationally, as of 2024, Bank Syariah Indonesia has 153 branch offices and 886 sub-branch offices and total employees of Bank Syariah Indonesia was around 17,234 people. In terms of business condition, third-party funds of Bank Syariah Indonesia (BSI) reached IDR 327 trillion.

Financially, in 2024, according to its annual report, Bank Syariah Indonesia (BSI) has total assets around IDR 408 trillion or equivalent to USD 24.8 billion with total liabilities around IDR 363 trillion or equivalent to USD 22.1 billion. In terms of business performance in 2024, Bank Syariah Indonesia successfully gained net income around IDR 7 trillion or equivalent to USD 0.42 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. As of 2025, Bangkok Bank Public Company Limited still became the majority shareholder of Bank Permata with ownership percentage reaching 89,12%. Operationally, Bank Permata has 205 branch offices and ATM was around 827 units. In terms of business performance, as of December 2024, Bank Permata has successfully collected Third Party Funds (TPF) of IDR 57.10 trillion. Meanwhile, in terms of credit distribution, Bank Permata successfully penetrated its loans with a total of IDR 88.86 trillion.

Financially, in 2024, according to its annual report, Bank Permata has total assets around IDR 259 trillion or equivalent to USD 15.7 billion with total liabilities around IDR 216 trillion or equivalent to USD13.1 billion. In terms of business performance, Bank Permata successfully has gained net income around IDR 3.5 trillion or equivalent to USD 0.21 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. As of 2024, in terms of operational condition, total employees of OCBC NISP reached 6,506 people and branch offices reached 207 mostly located in Indonesia. In the business performance, OCBC NISP successfully collected third-party funds reaching IDR 205 trillion and total gross loans of OCBC NISP achieved IDR 170.5 trillion.

Financially, in 2024, OCBC NISP has assets around IDR 281 trillion or equivalent to USD 17.1 billion with total liabilities around IDR 240 trillion or equivalent to USD 14.6 billion. In terms of business performance in 2024, OCBC NISP successfully gained net income around IDR 6.8 trillion or equivalent to USD 0.45 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 shareholder in Bank Danamon. In the loan penetration in 2024, total disbursed loans of Bank Danamon achieved IDR 185.8 trillion. Operationally, as of 2024, Bank Danamon has total employees of around 25,646 people with total branches of around 863 units, as well as Total ATMs & CRMs of 1,043 units.

Financially, in 2024, according to its annual report, Bank Danamon has total assets around IDR 242 trillion or equivalent to USD 14.8 billion with total liabilities around IDR 190 trillion or equivalent to USD 11.5 billion. Based on business performance in 2024, Bank Danamon successfully generated net income around IDR 3.3 trillion or equivalent to USD 0.20 billion.

 

11. Bank SMBC Indonesia

Bank SMBC Indonesia (formerly known as 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 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). In the year of 2024, Bank BTPN changed its name to Bank SMBC Indonesia after the Extraordinary General Meeting of Shareholders (EGMS) in 2024.

Financially, in 2024, Bank SMBC Indonesia has total assets around IDR 241 trillion or equivalent to USD 14.7 billion with total liabilities around IDR 186 trillion or equivalent to USD 11.3 billion. In terms of business of performance, SMBC Indonesia successfully gained net income of IDR 3.2 trillion or equivalent to USD 0.19 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. In the year of 2024, Maybank Indonesia successfully distributed total loans reaching IDR 127.6 trillion and this bank has customers' deposits around IDR 119 trillion. Related to operational conditions in 2024, Maybank Indonesia has total employees of around 6,992 people with 97 total branch offices and 127 sub branch offices.

Financially, in 2024, Maybank Indonesia has total assets of IDR 197 trillion or equivalent to USD 12.0 billion with total liabilities around IDR 166 trillion or equivalent to USD 10.1 billion. Based on business performance in 2024, Maybank Indonesia generated Net Income IDR 1.19 trillion or equivalent to USD 0.07 billion in 2024.

 

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 of} May 1961. Commonly, the primary business of BJB is Consumer & Retail Banking, Micro, Small and Medium Enterprise (MSME), Corporate & Commercial Banking, Treasury, International & Transactional Banking, Digital Banking & Other Services. Operationally, in 2024, BJB has 64 branch offices and 797 subbranch offices with the number of employees reaching 7,068 people. Related to business performance, BJB has collected third-party funds of IDR 133 trillion and successfully penetrated its credits around IDR 120 trillion.

 

Financially, in 2024, according to its annual report, Bank Pembangunan Jawa Barat has total assets around IDR 219 trillion or equivalent to USD 13.3 billion with total liabilities around IDR 190 trillion or equivalent to USD 11.5 billion. Based on the income statement in 2024, Bank Pembangunan Jawa Barat generated net income around IDR 1.45 trillion or equivalent to USD 0.08 billion.

 

14. Bank Mega

Bank Mega is The Indonesia Bank that was owned by CT Group (Lead by Chairul Tanjung). In the year 2024, Bank Mega successfully distributed total loans reaching IDR 64.6 trillion and Bank Mega collected third-party funds around IDR 91.67 trillion. Related to operational conditions in 2024, Bank Mega has total employees of around 5,701 people to support all operations in 55 total branch offices and 306 subbranch offices.

Financially in 2024, Bank Mega has total assets around IDR 135 trillion or equivalent to USD 8.2 billion with total liabilities around IDR 113 trillion or equivalent to USD 6.8 billion. Based on business performance in 2024, Bank Mega has generated net income around IDR 2.6 trillion or equivalent to USD 0.15 billion.

 

15.  Bank Mayapada

Bank Mayapada is an Indonesian Bank that was owned by Dato Sri Tahir. As of 2024, in terms of business performance, Bank Mayapada collected Third-Party Funds of around IDR 126 trillion and successfully penetrated the gross credit reaching IDR 106 trillion. Furthermore, as of 2024, the majority shareholders of Bank Mayapada were owned by PT Mayapada Karunia with ownership of 24% and Dato’ Sri Prof. Dr. Tahir with ownership of 19.34%.

Financially, in 2024, Bank Mayapada has total assets of around IDR 197 trillion or equivalent to USD 12.0 billion with total liabilities around IDR 166 trillion or equivalent to USD 10.1 billion. Based on the income statement report in 2024, Bank Mayapada generated net income around IDR 1.19 trillion or equivalent to USD 0.07 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). In the year 2024, Bank Jatim successfully collected third-party funds around IDR 77.50 trillion. Related to operational conditions in 2024, Bank Jatim has total employees of around 7,366 people to support all operations in 48 total branch offices and 175 subbranch offices.

Financially, in 2024, Bank Jatim has total assets around IDR 118 trillion or equivalent to USD 7.1 billion with total liabilities around IDR 88.4 trillion or equivalent to USD 5.3 billion. Based on the business performance in 2024, Bank Jatim generated net Income around IDR 1.29 trillion or equivalent to USD 0.078 billion.

 

17. Bank KB Bukopin

Bank KB Bukopin started the banking business on July 10^th, 1970. In the year 2024, Bank KB Bukopin successfully collected third-party funds around IDR 46.50 trillion. Meanwhile, Bank KB Bukopin successfully distributed its loans to many customers, reaching IDR 47.53 trillion. By the end of 2024, KB Bank operates in 21 provinces in Indonesia, which has 1 operational head office, 29 branch offices, 141 sub-branch offices and 2 functional offices. In addition, total employees of Bank KB Bukopin reached 2,898 people. Based on shareholder compositions, there are 2 two entities which have a huge proportion of share in Bank KB Bukopin, namely Kookmin Bank Co., Ltd. with 66% share of ownership and STIC Eugene Star Holding with 17% of share ownership.

Financially, KB has total assets IDR 83 trillion or equivalent to USD 5 billion with total liabilities around IDR 75 trillion or equivalent to IDR 4.5 billion. Based on business performance in 2024, Bank Bukopin suffered net loss around IDR -6.3 trillion or equivalent to USD -3.8 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. In terms of business conditions, In the year 2024, Bank Sinar Mas successfully collected third-party funds around IDR 44.8 trillion. Meanwhile, from the intermediation side, the Bank Sinar Mas distributed credit of IDR 14.6 trillion. By the end of 2024, Bank Sinar Mas operated 1 operational head office, 68 branch offices, 192 sub-branch offices and 10 functional offices. In addition, the total employees of Bank Sinar Mas reached 6,387 people. Based on shareholder compositions, Sinar Mas Multiartha Tbk still became the majority shareholder with 59,99% share of ownership.

Financially, according to its annual report in 2024, Bank Sinarmas has total assets of around IDR 55.6 trillion or equivalent to USD 3.4 billion with total liabilities around IDR 40 trillion or equivalent to USD 2.4 billion. Based on business performance in 2024, Bank Sinarmas generated net income around IDR 0.37 trillion or equivalent to USD 0.023 billion.

 

19. Panin Bank    

Founded on 17 Agustus 1971 as a merger of some banks including Bank Kemakmuran, Bank Industri Djaja Indonesia, and Bank Industri dan Dagang Indonesia, Panin Bank has grown with a total of 519 branches and offices in Indonesia and total employees of around 7,244 people. In terms of business performance in 2024, Panin Bank has Third Party Fund reaching IDR 152 trillion and successfully distributed its loan reaching IDR 131 trillion. Furthermore, the majority shareholders of Panin Bank are PT Panin Financial Tbk with share ownership of 46.04 % and Votraint No. 1103 Pty Limited with share ownership of 38.82 %.

Financially, according to its annual report in 2024, Panin Bank has total assets of around IDR 243 trillion or equivalent to USD 14.83 billion with total liabilities of around IDR 187 trillion or equivalent to USD 11.4 billion. In terms of business performance in 2024, Panin Bank successfully gained net income of around IDR 2.86 trillion or equivalent to USD 0.17 billion.

 

20. Bank Muamalat Indonesia         

As a pioneer of sharia banks in Indonesia, Bank Muamalat Indonesia (BMI) still becomes one of the leading sharia banks in Indonesia. Historically, Bank Muamalat Indonesia was founded on the idea of the Indonesian Ulama Council (MUI), the Indonesian Muslim Intellectuals (ICMI), and muslim entrepreneurs in Indonesia which was legally established on 1 November 1991. As of 2024, Bank Muamalat Indonesia has total Third-Party Funds reaching IDR 41 trillion. Operationally, Bank Muamalat has 80 branch offices, and 154 sub-branch offices mostly located in Indonesia.

In terms of financial condition in 2024, according to annual report, Bank Muamalat Indonesia has total assets of around IDR 60 trillion or equivalent to USD 3.6 billion        with total liabilities of around IDR 54 trillion or equivalent to USD 3.2 billion. In the business performance in 2024, Bank Muamalat Indonesia successfully gained net income of around IDR 0.018 trillion or equivalent to USD 0.001 billion.

 

21. Bank Jtrust Indonesia      

Established on 3 Mei 1989, Bank Jtrust Indonesia has grown into one of the leading banks in Indonesia. Operationally, As of 31 December 2024, J Trust Bank has 47 office networks, consisting of branch offices and sub-branch offices. In terms of business performance, Customer Deposits in Bank J Trust achieved IDR 33,900 billion and this bank successfully gave the loan to its customers around IDR 26,528 billion. Furthermore, as of 2024, the majority shareholder of Bank Jtrust Indonesia is J Trust Co., Ltd. with share ownership of 73,17%.

J Trust Bank Indonesia has total assets of around IDR 40.2 trillion or equivalent to USD 2.4 billion with total liabilities of around IDR 36.4 trillion or equivalent to USD 2.2 billion. In terms of business performance in 2024, J Trust Bank Indonesia successfully gained total net income of around IDR 0.002 trillion or equivalent to USD 0.0001 billion.

 

22. Bank China Construction Bank Indonesia   

PT Bank China Construction Bank Indonesia Tbk (“CCB Indonesia”) is a Foreign Exchange Commercial Bank listed on the Indonesia Stock Exchange (IDX), which is fully supported by CCB Corporation which is a large-scale bank in the world which has total share ownership reaching 60%. CCB Indonesia is a result of the merger between PT Bank Windu Kentjana International Tbk (Bank Windu) and PT Bank Antardaerah (Bank Anda) in 2016. As of 2024, China Construction Bank Indonesia has 73 networks of offices spread across cities in Indonesia such as Jakarta, Bandung, Semarang, Yogyakarta, Surabaya, Denpasar Bali, Mataram Lombok, Palembang, Bandar Lampung, Batam, Pekanbaru, Pontianak, Makassar, and Pangkal Pinang. As of 2024, total third-party funds in Bank China Construction Bank Indonesia reached IDR 23.36 trillion.

China Construction Bank Indonesia has total assets of around IDR 33.5 trillion or equivalent to USD 2.1 billion with total liabilities of around IDR 26.7 trillion or equivalent to USD 1.6 billion. In terms of business performance in 2024, China Construction Bank successfully gained net income of around IDR 0.295 trillion or equivalent to USD 0.018 billion.

 

23. Bank NationalNobu

The journey of Nobu bank started from PT Bank Alfindo Sejahtera (Bank Alfindo) which was owned by Alfi Gunawan. To date, the majority shareholders of Nobu Bank are PT Putra Mulia Indonesia with share ownership of 23,966%, PT Star Pacific Tbk 13,454 %, and PT Prima Cakrawala Sentosa 10,665 %. Operationally, Bank NationalNobu has 42 branches and 71 subbranch offices as of 2024. Furthermore, as of 2024, Bank Nobu has a third-party fund reaching IDR 24 trillion.

Financially in 2024, according to its annual report, Bank National Nobu has total assets of around IDR 33.3 trillion or equivalent to USD 2 billion with total liabilities of around IDR 29.6 trillion or equivalent to USD 1.8 billion. In terms of business performance in 2024, Bank National Nobu has successfully gained net income of around IDR 0.329 trillion or equivalent to USD 0.02 billion.

 

The Summary Rank of 15 World’s Largest Bank Based on Total Assets in 2024

 

The Summary Rank of 15 World’s Largest Bank Based on Net Income in 2024

 

 

Bibliography of Top 20 Biggest Bank from Indonesia in 2024

 

Bank Mandiri. 2025. Annual Report 2024. Accessed via https://www.bankmandiri.co.id/web/ir on March 30th, 2025.

Bank Rakyat Indonesia. 2025. Annual Report 2024. Accessed via https://www.ir-bri.com/ar.html on March 30th, 2025.

Bank Central Asia. 2025. Annual Report 2024. Accessed via https://www.bca.co.id/en/tentang-bca/Hubungan-Investor/laporan-presentasi/Laporan-Tahunan on March 30th, 2025.

Bank Negara Indonesia. 2025. Annual Report 2024. Accessed via https://www.bni.co.id/en-us/investors/financial-reports on March 30th, 2025.

Bank Tabungan Negara. 2025. Annual Report 2024. Accessed via https://www.btn.co.id/en/About/Investor-Relation/Company-Report/Annual-Report on March 30th, 2025.

Bank Syariah Indonesia. 2025. Annual Report 2024. Accessed via https://ir.bankbsi.co.id/annual_reports.html  on March 30th, 2025.

Bank CIMB Niaga. 2025. Annual Report 2024. Accessed via https://investor.cimbniaga.co.id/ar.html on March 30th, 2025.

Bank OCBC NISP. 2025. Annual Report 2024. Accessed via https://www.ocbc.id/en/tentang-ocbc-nisp/hubungan-investor/laporan-tahunan on March 30th, 2025.

Bank Permata. 2025. Annual Report 2024. Accessed via https://www.permatabank.com/en/tentang-kami/hubungan-investor on March 30th, 2025.

Panin Bank. 2025. Annual Report 2024. Accessed via https://www.panin.co.id/id/about-panin/hubungan-investor/laporan-keuangan on March 30th, 2025.

Bank Danamon. 2025. Annual Report 2024. Accessed via https://www.danamon.co.id/id/Tentang-Danamon/InformasiInvestor/Informasi-Keuangan/Laporan-Tahunan on March 30th, 2025.

Bank SMBC Indonesia. 2025. Annual Report 2024. Accessed via https://www.smbci.com/en/hubungan-investor/laporan-tahunan-dan-keberlanjutan/laporan-tahunan on March 30th, 2025.

Bank Pembangunan Daerah Jawa Barat. 2025. Annual Report 2024. Accessed via https://ir.bankbjb.co.id/page/laporan-tahunan on March 30th, 2025.

Bank Maybank Indonesia. 2025. Annual Report 2024. Accessed via https://www.maybank.co.id/en/corporateinformation/InvestorRelation/annual-report on March 30th, 2025.

Bank Mayapada. 2025. Annual Report 2024. Accessed via https://www.bankmayapada.com/en/investor-relations/annual-report on March 30th, 2025.

Bank Mega. 2025. Annual Report 2024. Accessed via https://bankmega.com/en/about-us/investor-relations-new/  on March 30th, 2025.

Bank Pembangunan Daerah Jawa Timur. 2025. Annual Report 2024. Accessed via https://www.bankjatim.co.id/id/hubungan-investor/kinerja-keuangan on March 30th, 2025.

Bank KB Bukopin. 2025. Annual Report 2024. Accessed via https://www.bukopinfinance.com/laporankeuangan on March 30th, 2025.

Bank Muamalat Indonesia. 2025. Annual Report 2024. Accessed via https://www.bankmuamalat.co.id/index.php/en/investor-relations/annual-report on March 30th, 2025.

Bank Sinarmas. 2025. Annual Report 2024. Accessed via https://www.banksinarmas.com/id/informasiumum/hubunganinvestor/laporan-tahunan on March 30th, 2025.

Bank Jtrust Indonesia. 2025. Annual Report 2024. Accessed via https://www.jtrustbank.co.id/en/information/investor-support/annual-report on March 30th, 2025.

Bank China Construction Bank Indonesia. 2025. Annual Report 2024. Accessed via https://idn.ccb.com/business-annual on March 30th, 2025.

Bank National Nobu. 2025. Annual Report 2024. Accessed via https://www.nobubank.com/id/ on March 30th, 2025.