Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Economy>>Economist touts Mandiri, BNI merger to boost growth
NEWS UPDATES Asean Affairs     August 3,  2016  

Economist touts Mandiri, BNI merger to boost growth

Indonesia:The government needs to consolidate state banks, such as Bank Negara Indonesia (BNI) and Bank Mandiri, to initiate bank consolidations carried out by private lenders, a senior analyst said in Jakarta on Monday.

Economist Faisal Basri said consolidating banks was a good move to increase loan disbursement to boost the country’s economic growth. “Our economy moves at a snail’s pace because banks disburse small loans,” Faisal added.

He said the three-largest banks in terms of assets in Southeast Asia were Singapore lenders—namely DBS, OCBC and UOB. They managed to be huge because the initial 13 banks in Singapore had been consolidated into only three banks.

“Bank Mandiri is currently 11th on the list. If BNI and Bank Mandiri merged, it could be the seventh-largest bank in the region,” Faisal told The Jakarta Post,” he said.

Bank Mandiri, which records US$66 billion in assets, is the largest in Indonesia but 11th in ASEAN according to Forbes this year. State-owned BRI followed in 12th position, BCA in 14th, and BNI in 15th.

Calls to consolidate Indonesia’s banking sectors are increasing in anticipation of the ASEAN Economic Community. Indonesia records about 120 banks, while other countries in the region have fewer than 50.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  2,, 2016 Subsribe Now !
• Economist touts Mandiri, BNI merger to boost growth Subcribe: Asean Affairs Global Magazine
• Singapore-US deal to help companies work together in third-party markets
• Auto firms await Gov’t decision on imports
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Muara Port can be gateway to BIMP-EAGA
• Banking is top sector for online hires: study
Asean Analysis                  Jully 22, 2016
• Asean Analysis July 22, 2016
Singapore-U.S. Relations to Set Pace for Twenty-first Century U.S. Engagement in Southeast Asia
Advertise Your Brand

Asean Stock Watch   August 2, 2016

• Asean Stock Watch-August 2, 2016
The Biweekly Update
• The Biweekly Update  July 22, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand