Tag: NOBU

Conglomerates & Their Banks

Unlike other banks controlled by conglomerates, Bank NationalNobu (NOBU), member of Lippo Group, reported 4.6% decline in total assets to Rp10.5 trillion by March 31, 2018. With equity of Rp1.4 trillion, the bank is still long way to join Buku III (banks with minimum equity of Rp5 trillion). Pressures in the property and retail businesses might delay capital injection from shareholders to grow further the bank.

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Conglomerates & Their Banks

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.

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