Top 15 Biggest Bank From Indonesia- According to Annual Report of The Bank in 2021, there are Top 15 Biggest Bank in 2021. As we know, bank is always pivotal roles in economy. These institutions can help in boosting the nation growth of economy. Functionally, it can be useful as a bridge of people with the excessive funds and people with shortage money.
In Indonesia, with population around 270 million of people, Bank still become the main institutions in helping the economic growth in this nation. Many people still rely on bank to borrow the money or takes the credit in supporting their economic transactions or activities. Many people in Indonesia still use banking products in investing activity and saving their money. Furthermore, many people still borrow the money from the Banks than other institutions.
As of 2021, there are 15 Biggest Bank From Indonesia. All of the data came from annual report of each bank in 2021. This report basically was published annually to describes the business, and financial conditions / performance. Here is the rank of the 15 Indonesia’s Biggest Bank in 2021.
The Rank of 15 Biggest Bank From Indonesia Based on Assets
| Rank | Name of Bank | Assets | Liabilities | Assets | Liabilities |
|---|---|---|---|---|---|
| (Indonesian Rupiah (IDR)) | (Indonesian Rupiah (IDR)) | (US Dollar) | (US Dollar) | ||
| 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. These data above came from Balance sheet of the bank. Basically, balance sheet describes the financial conditions of the bank. These consist of assets, liabilities, and equities. Assets is the non-physical and physical properties that bank has owned in running the business in specific time. Meanwhile, liabilities is the debt or obligation that company must be paid 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 Income statement of the bank in 2021. Income statement commonly shows 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
1.Bank Mandiri
Bank Mandiri still become the Indonesia’s biggest bank in 2021 based on assets. Financially, according to annual report in 2021, Bank Mandiri hasassets around USD 115 Billion with 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, in December 16th, 1895, Raden Bei Aria Wirjaatmadja found this bank. In Indonesia, BRI has the many branches not only in City but also in village areas / remote areas from the city center. That’s the competitive advantage of BRI than other banks in Indonesia. In 2021, based on BRI annual report in 2021, this bank has assets around USD 111 billion with 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 control this bank. Financially, in 2021, based on annual report, BCA has assets around USD 81.6 Billion with 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 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 Commercial bank in 1955. Furtermore, in 1968, the name of this bank later changed into “Bank Negara Indonesia 1946” (BNI 46). Financially, based on annual report in 2021, BNI has assets aroundUSD 64.2 Billion with liabilities around USD 55.8 Billion and generated Net Income around USD 0.726 Billion.
5.Bank Tabungan Negara (BTN)
Bank Tabungan Negara is 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 annual report, Bank Tabungan Negara (BTN) has assets around USD 64.2 Billion with liabilities around USD 55.8 Billion and gained net income around USD 0.726 Billion.
6.Bank CIMB Niaga
CIMB Niaga is non government bank that was founded in September 26th, 1955. Because of financial crisis, this bank Niaga was takeover by Indonesian Goverment 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, CMIB Niaga has assets around USD 20.6 Billion with 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 focus on Sharia banking service because of the huge muslim population in Indonesia. Financially, in 2021, Bank Syariah Indonesia (BSI) has assets around USD 17.6 Billion with 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 was owned by Bangkok Bank. Financially, in 2021, Bank Permata has Assets around USD 15.6 Billion with 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 found NISP in April 4th, 1941. In 2008, OCBC Bank from Singapore acquire 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 financial industries at 1956 as Bank Kopra Indonesia. In 1970, Its name later changed into PT Bank Danamon Indonesia. in 2019, Mitsubishi UFJ Financial Group (MUFG) acquired this Bank and become the majority shareholders in Bank Danamon. Financially, in 2021, Bank Danamon has assets around USD 12.8 Billion with liabilities around USD 9.8 Billion. Based on business performance in 2021, Bank Danamon can generate 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 assets around USD 12.7 Billion with liabilities around USD 10.3 Billion and has gained net income 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 on banking industries since 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 assets 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 20th May 1961. Financially, in 2021, Bank Pembangunan Jawa Barat has assets around USD 10.5 Billion with Liabilities around USD 9.1 Billion. Based on 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 assets around USD 8.8 Billion with 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 Indonesian Bank that was owned by Dato Sri Tahir. Financially, in 2021, Bank Mayapada has assets around USD 7.9 Billion with 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 regional bank that owned by Regional Government of Jawa Timur (East Java). Financially, in 2021, Bank Jatim has assets around USD 6.6 Billion with 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 10th, 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 Indonesian Bank that was owned by Sinar Mas Group. This bank starteded the banking business since August 18th, 1989. Bank Sinarmas has assets around USD 3.5 Billion with liabilities around USD 2.5 Billion. Based on business performance in 2021, Bank Sinarmas generated Net Income around USD 0.008 Billion.
The Summary of Indonesia’s Largest Bank in 2021
Bibliography of Top 15 Biggest Bank Fom 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.
