Indonesia’s Bank Central Asia has been crowned Best Asian Bank for the second consecutive year, the clear winner among best financial institutions honoured at FinanceAsia’s award ceremony at the Four Seasons in Hong Kong on Thursday night.
The bank stood out from the 17 winners of 2017 Country Awards for Achievement programme, thanks to its simple but effective business model it takes in as many low-cost deposits as possible and then lends to strategically selected sectors for higher yields.
The strategy has allowed the company to grow at a steady rate and pay increasing dividends for the past decade.
Jahja Setiaatmadja, president...
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