YOGYAKARTA A number of banking issuers managed to record positive performance in the first quarter (January-March) 2024. PT Bank Mandiri (Persero) Tbk for example, the issuer with the stock code BMRI successfully increased the company's assets and occupied the top positions in the list of the 10 largest banks in 2024.
In terms of value, BMRI is the largest bank in Indonesia in terms of assets as of March 2024. This red-plate banking issuer posted assets of IDR 2,163 trillion or contributed around 18.5 percent to the total assets of the banking industry in the country.
According to data from the Financial Services Authority (OJK) as of February 2024, bank assets in Indonesia grew 6.9 percent year-on-year (yoy) from 10,947 trillion to Rp11,708 trillion. Thus, 72.9 percent of them contributed from the 10 largest banks.
The above has been mentioned that the top position of the list of the 10 largest banks in Indonesia is filled by PT Bank Mandiri (Persero) Tbk.
In the first quarter of 2024, BMRI became the bank with the largest asset count in Indonesia, beating other major banks.
As an ifnormation, Bank Mandiri has controlled the share of banking assets in the country for at least the last three years after competing with PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).
Bank Mandiri recorded asset growth of 13.39 percent on an annual basis to 2,163 trillion in the first three months of 2024.
Bank Mandiri's credit growth in the first quarter of 2024 has surpassed the annual growth of industrial credit which grew by 12.4 percent as of the end of March 2024.
The second position in the list of the 10 largest banks in 2024 is inhabited by PT Bank Rakyat Indonesia. The banking issuer codenamed BBRi managed to record asset growth of 9.11 percent yoy to Rp1,989 trillion in the January-March 2024 period.
In third place is PT Bank Central Asia Tbk. (BBCA) recorded asset growth of IDR 1,444 trillion in March 2024. BCA's assets rose 9.25 percent on an annual basis.
The increase in company assets was supported by bank credit distribution which grew 17.1 percent on an annual basis to Rp835 trillion as of March 2024.
The fourth and fifth positions are inhabited by PT Bank Negara Indonesia (Persero) Tbk. (BBNI) and PT Bank Tabungan Negara (Persero) Tbk.
In the first quarter of 2024, BNI earned assets of IDR 1,066 trillion, up 5.36 percent yoy. The growth of the issuer's assets codenamed BBNI was supported by credit disbursement of IDR 695.16 trillion in January-March this year.
Meanwhile, PT Bank Tabungan Negara (BBTN) has grown by 13.08 percent on an annual basis, from Rp401 trillion to Rp454 trillion in the first quarter of 2024.
In more detail, here is a list of the 10 largest banks in Indonesia in 2024 based on assets:
Assets as of March 2023 were IDR 1,908 trillion, up 13.39 percent in March 2024 to IDR 2,163 trillion.
Assets per March 2023 IDR 1,822 trillion, up 9.11 percent in March 2024 to IDR 1,989 trillion.
Assets as of March 2023 were IDR 1,321 trillion, up 9.25 percent in March 2024 to IDR 14,44 trillion.
Assets per March 2023 Rp1,012 trillion, aik 5.36 percent in March 2024 to Rp1,066 trillion.
Assets as of March 2023 were IDR 401 trillion, up 13.08 percent in March 2024 to IDR 454 trillion.
Assets per March 2023 Rp313 trillion, rose 14.25 percent in March 2024 to Rp357 trillion.
Assets as of March 2023 were IDR 347 trillion, down 4.11 percent in March 2024 to IDR 332 trillion.
Assets per March 2023 RP252.67 trillion, rose 0.07 percent in March 2024 to Rp252.84 trillion.
Assets per March 2024 IDR 239 trillion, up 5.32 percent in March 2024 to IDR 252 trillion
Assets per March 2023 Rp206 trillion, rose 7.45 percent in March 2024 to Rp221 trillion.
This is information about Indonesia's list of the 10 largest banks in 2024. Get news updates of other options only on VOI.ID.
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