The global financial crisis has profoundly changed the shape of the global banking landscape. During this period, we have witnessed the nationalization of commercial banks, the demise of many investment banks and an unprecedented degree of industry consolidation.
Indonesian banks and finance companies have largely stood apart from these events. Nevertheless it remains an exceptionally challenging time for the Indonesian banking and finance industries — from volatile markets and increased funding costs to strategic cost cutting and heightened regulatory scrutiny.
In such an environment, protecting and growing shareholder value requires disciplined, customer focused and opportunistic financial institutions.