Bank NationalNobu (NOBU), controlled by Lippo Group, reported 22.5% growth in total assets to Rp11 trillion last year. Bank Sinarmas (BSIM), meanwhile, recorded total assets of Rp30.4 trillion by Dec 31, 2017, down from Rp31.2 trillion in Dec 2016. Lippo and Sinarmas were among significant players in the banking industry prior to Asian financial crisis in 1997 through LippoBank and Bank International Indonesia, which are both now in the hands of Malaysian investors.To subscribe please click here
