Bisnis Indonesia
Twenty banks are selected to be the most efficient in 11 categories,
mostly in terms of assets, including three state-owned banks Bank Mandiri,
Bank Negara Indonesia (BNI), and Bank Rakyat Indonesia (BRI) in the Bisnis
Indonesia Banking Efficiency Award 2008.
As to Bisnis Indonesia economist Rofikoh Rokhim, the asset category is
aimed to provide fair assessment.
"A bank with bigger asset cannot be compared to the one with smaller
asset, except for the regional development bank (BPD), syaria bank,
foreign bank, joint venture bank and state-owned bank," he said over the
sidelines of the event here.
The state-owned bank nominated Bank Mandiri, BNI, and BRI. Bank Syariah
Mandiri won over the syaria bank category. Bank Niaga and Bank Panin are
awarded as banks with more than IDR50 trillion worth assets.
The event here was either attended by Ingo Walter, the merger and
acquisition expert from the University of New York, who delivered his
speech on Value Creation and Value Destruction in Banking and Finance. The
Central Bank of Indonesia (BI) Deputy Governor, Budi Mulya, closed the
event after presenting his paper on Bank Efficiency and Merger/Acquisition
in terms of Banking Consolidation.
Rofikoh added in general the assessment of bank efficiency is done by
comparing the operational load and operational revenue (BOPO). The ratio
is deemed the traditional approach to measure the efficiency of bank cost.
"However, measuring efficiency using BOPO sometimes has fallen short of
providing the real picture of bank efficiency condition. The result is
hard to be interpreted."
As to Rofikoh, minimizing the excessive cost to minimize the BOPO ration
might give negative influence to the bank output, including the
downgrading bank product quality.
Growth of loan
Budi Mulya said up to March the credit remains growing by28.1 percent
(y-o-y) with decreasing gross non performing loan into 4.33 percent, the
guaranteed bank asset through the CAR ratio of 18.6 percent.
"The financial system remains well maintained amidst the various
pressures. Internally, the source of pressures includes inflation threat,
fiscal sustainability, and the soaring staple food price," he said.
Externally, the source of pressures comes from the soaring global oil
price and commodity price and volatile global market condition following
the sub prime mortgage crisis.
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