Assets of the Largest Banks in Indonesia Shrinkage
Assets of the largest banks in Indonesia shrinkage
Assets of large banks recorded falls to Rp 20.51 trillion in the first quarter of 2010. In the banking statistics of Bank Indonesia (BI) is known from the latest ten largest banks by assets, listed five major banks dropped their assets rather than the position of the end of 2009.
Call it PT Bank Mandiri Tbk (Mandiri). Although still in the first sequence, the value of assets declined to Rp 368.80 trillion from the end of 2009 to Rp 375.23 trillion. Dus, take market share fell to 14.39 percent from 15 percent.
Beraset second largest bank PT Bank Rakyat Indonesia Tbk (BRI) is also in the same boat. BRI’s assets fell to Rp 13.82 trillion to Rp 304.62 trillion from Rp 318.44 trillion. Market share also follow ramp to 11.88 percent from 12.73 percent.
Impairment of assets also happened in PT Bank Negara Indonesia Tbk (BNI). If at the end of 2009 the assets were Rp 226.91 trillion. Within the three months to Rp 213.07 trillion shrinkage or decreased Rp 13.83 trillion. Another snapper banks whose assets fall is PT Bank Central Asia Tbk (BCA) and the State Savings Bank Tbk (BTN).
However, five banks in the ranks of the top ten largest banks in the homeland of its assets are still rising. The increase recorded by the greatest asset of PT Bank CIMB Niaga Tbk (Bank Niaga). In the span of three months, the bank’s assets rose to Rp 7.78 trillion to Rp 114.67 billion.
Regular cycle
BRI Finance Director Sudaryanto Sudargo said the decline of banking assets in the first quarter of 2010 beginning of the fair and occurs in almost all banks. This is related to the cycle of third party funds (TPF), which stopped at the bank.
At BRI, the end of the year is usually the value of deposits surged since the government put the money remaining unused budget. If not channeled loans, funds were placed to raise the asset securities. “Its value can be dozens of trillions. So, late last year we took a high current account value,” explained Sudaryanto.
So step on the new year, government funding is pulled back in line started moving projects in central and local budgets. Was withdrawn after reaching tens of trillions. This affected the bank’s assets. “Because we have to withdraw funds from securities,” he added.
BNI President Director Gatot M. Suwondo mengamini this. “BNI is a decline in deposits from the end of the year to quarter one, it causes impairment of our assets,” he said.
International and Treasury Director of Bank Mandiri Thomas Arifin expresses a similar. “Reduction of the bank’s assets decline only because TPF. Particularly expensive or deposit funds,” he said.
Vice President Director of BCA, John Setiaatmadja added, the phenomenon of decline in assets at the beginning of the year it is very common. “The first quarter fell slightly, also due to the release of credit come down. Later in the quarter two back up,” he explained.
Director of Banking Research and Regulation of BI Halim Alamsyah not want to comment much about the drop in assets of the banks this big fish. “I have to check first. However, just info, there is some unfinished bank data due to changes in banks report formats that follow SFAS 50/55,” he said.