Nama : Nilasari Cahyaningtias
NPM :
15212326
Kelas : 1EA18
THE
BANKING SECTOR IN INDONESIA
“BANK
PANIN”
Established
in 1971, Panin Bank was listed on the Jakarta Stock Exchange in 1982, the first
Indonesian bank to Go Public. Since its inception the management strives to
deliver value to all stakeholders by striking a balance between prudence and progressive
growth. A strong capital base and prudent risk management has allowed us to
navigate economic volatility and periods of uncertainty. Panin Bank was one of
the very few Indonesian banks not recapitalized by the Government after the
Monetary Crisis of 1998.
To maintain our competitive position, we adopt a progressive approach to business. Staying close to a growing customer base and chosen market niches helps us understand their ever-changing needs so that timely solutions can be provided to serve them better. Panin Bank’s motto “Always for you” emphasizes reliability and consistency. Panin Bank’s strong capital structure and growth strategy continued to be reinforced as the Bank focuses toward expanding its commercial and consumer markets
To maintain our competitive position, we adopt a progressive approach to business. Staying close to a growing customer base and chosen market niches helps us understand their ever-changing needs so that timely solutions can be provided to serve them better. Panin Bank’s motto “Always for you” emphasizes reliability and consistency. Panin Bank’s strong capital structure and growth strategy continued to be reinforced as the Bank focuses toward expanding its commercial and consumer markets
The business strategy is clearly
showing positive results as the Bank gains momentum towards its goal of being a
driving force in the Indonesian banking industry. As of the end of December
2011, PaninBank’s assets amounting to Rp125 trillion, total deposits Rp85.7
trillion, credit outstanding Rp75.7 trillion and total networth Rp19.8
trillion, with market capitalization of Rp18.8 trillion.
PaninBank
operates through its 450 branches and ranked as the seventh-largest national
bank in term of total assets. The current shareholders of the Bank are the
founding shareholder, Panin Financial with 46%, Votraint (ANZ Banking Group of
Australia) at 39% and the public with 15%.
The
Panin Group has been involved in banking for a long time and been one of the
significant players in this fields. One of its banks, the Panin Bank, which is
also one of the main contributors to the Panin Group, was shaken by the crisis.
However this bank's management has been able to overcome problems and avoid coming
under the supervision of IBRA. In fact
recently Panin Bank was chosen by the Government as one of the banks to
stimulate economic activity which has virtually ground to a halt. The
Government has adopted the strategy of making Panin Bank one of the banks
extending credit to domestic exporters and distributors. Funding for this
credit is backed up by the Government.
Then at the beginning of March Bank Panin became one of the 16 banks appointed by US' EXIMBANK to coordinate export financing to national businessmen importing basic materials and Capital goods from the United states.
Meanwhile, another of the Panin Group's core businesses in the textile industry still has good prospects in the midst of the crisis as it is export-oriented. If there have been problems, they have been related to the textiles directed to the local market, the sales volume of which has dropped after the crisis. Meanwhile the sales value of textiles for the export market has risen with the increase in the value of the US dollar in relation to the Rupiah. The economic crisis has had an adverse effect on the Panin Group's performance because one of its business pillars is the finance sector, particularly banking. Although the Panin Group's banking business did not collapse, the banking sector continues to be under pressure as long as the crisis continues and interest rates are high, because the wheels of the economy are not turning as they should.
Then at the beginning of March Bank Panin became one of the 16 banks appointed by US' EXIMBANK to coordinate export financing to national businessmen importing basic materials and Capital goods from the United states.
Meanwhile, another of the Panin Group's core businesses in the textile industry still has good prospects in the midst of the crisis as it is export-oriented. If there have been problems, they have been related to the textiles directed to the local market, the sales volume of which has dropped after the crisis. Meanwhile the sales value of textiles for the export market has risen with the increase in the value of the US dollar in relation to the Rupiah. The economic crisis has had an adverse effect on the Panin Group's performance because one of its business pillars is the finance sector, particularly banking. Although the Panin Group's banking business did not collapse, the banking sector continues to be under pressure as long as the crisis continues and interest rates are high, because the wheels of the economy are not turning as they should.
Reference :
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