| Asian regional Awards for Excellence | ||
| Australia | China | Hong Kong |
| India | Indonesia | Japan |
| Korea | Malaysia | Mongolia |
| Pakistan | Philippines | Singapore |
| Taiwan | Thailand | Vietnam |
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Best bank: Bank Mandiri Best equity house and Best M&A house: Credit Suisse Best debt house: UBS
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In Indonesia, bigger seems to be better. Indonesia’s largest lender, Bank Mandiri, gets the nod for a year of consolidation during which it cleaned up a ropey loan book and managed to lift profits by 80%.
Indonesian corporates are again up and about, and state-owned Mandiri seems well placed to serve them. Full-year net profit in 2007 was $475 million, a vast improvement on the $270 million a year earlier, and helped along by loan growth that was 20% higher.
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