BankingFrom The Report: Indonesia 2020View in Online Reader. Indonesia’s banking sector is large and crowded, with more than 1600 licensed commercial and rural banks. However, there remains plenty of untapped potential, given that the country has the fourth-largest unbanked population worldwide, at 83.1m people as of November 2019. 43. PT. Bank Pembangunan Daerah Banten, Tbk. $21.3 M. BEKS wb_incandescent. Indonesia. Financials. Banks—Regional. List of the top companies in the Banks—Regional industry in Indonesia ranked by market capitalization. Indonesia - Banking Systems. Includes special features of this country’s banking system and rules/laws that might impact U.S. business. As of March 2018, Indonesia had 115 commercial banks and 1,630 rural banks. The largest four banks hold over 45 percent of bank assets. As ranked by assets, the following are the four largest state-owned population in Indonesia, even occupying the first position of the largest in the world. However, the fact is that the market share of Indonesian Islamic banks is still tiny. Even While the first notable digital bank in Indonesia appeared in 2016, digital banking activities in Indonesia flourished in 2020 with big tech players flowing in (i.e. Jago and SeaBank), driven by Indonesia’s accelerating fintech developments, as well as the continuous regulatory push for consolidation of the banking sector. 2. First Isabela Cooperative Bank (FICO Bank) 5,513.43. 10. Bank of Florida (BOF, Inc.) 4,726.23. See also[edit] List of banks in the Philippines. List of largest banks in Southeast Asia. Review of top banks in the Philippines. A BPR, short for Bank Perkreditan Rakyat (People’s Credit Bank), is a type of bank in Indonesia. Like regular banks, BPR Banks take savings and deposits and give out loans. Even though they are sometimes referred to as “Rural Banks” in English, they are available in cities as well as rural areas. Typically, they are rather small. DBS, Global Finance’s Best Bank in Singapore, managed to increase operating profit by 2% in 2020, with the 8.4 billion Singapore dollar ($6.3 billion) total a record for income, demonstrating the resilience of its franchise against a plethora of headwinds, including low interest rates. The bank reaped the rewards of more than eight years in Ze7RtSA.