Indonesia

Indonesia's banking system is shallow relative to the economy but highly profitable. Deposit takers held IDR 14,050tn of assets in March 2026, about 57% of GDP, and 105 commercial banks reported deposit data to the deposit insurer in June 2026. The state-controlled Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia, together with the privately owned Bank Central Asia, dominate: their consolidated assets equal roughly 59% of commercial-bank assets. Under Law 16 of 2025, most state shareholdings in state-owned enterprises, including the state banks, are held through the Danantara investment agency, with the state retaining a Series A Dwiwarna share.