Best bank: Bank Mandiri
Bank Mandiri, Indonesia’s largest bank by assets, achieved a record net profit of $3.6 billion in 2023, an impressive 34% year on year rise – the highest in the industry and significantly outpacing the other four tier-one banks. Led by president director Darmawan Junaidi, it retains the award for Indonesia’s best bank.
Bank Mandiri’s loan book reached $90.7 billion in 2023, an impressive 16.3% annual increase. This has further solidified its position as the largest lender in Indonesia, with a 19.7%
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