The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Best Bank Awards

Indonesia's best international bank 2021: Citi

Citi

Batara Sianturi, Indonesia, Citi.jpg
Batara Sianturi, Indonesia, Citi

When it comes to international banks in Indonesia, Citi is the one to beat.

Under Indonesia chief executive Batara Sianturi, Citi uses its global network and innovative approaches to banking to give its Indonesian clients access to markets around the region and the world.

Its success in delivering for its clients is apparent from the numbers. Citi reported net income of Rp2.6 trillion ($182 million) in 2020 in Indonesia, despite the pandemic. The bank had a return on equity of 15% and a return on assets of 4%. Its 8% deposit growth in 2020 supported a liquid lending-to-deposit ratio of 65.8%. Citi's gross non-performing loan ratio fell to 1.6% in 2020 from 2.4% the previous year.

Citi tops the league tables as an investment bank in Indonesia. The bank ranked third among bookrunners for Indonesian debt capital markets during Asiamoney's awards period, according to Dealogic. It had a market share of 8% and deal volume of $1.77 billion, ranking just behind Mandiri Sekuritas and Standard Chartered.

The bank is also fifth among bookrunners for equity capital markets, with a 5% market share.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree