Saturday, 25 May 2024

Best Wealth Management Bank - Bank Rakyat Indonesia

5 min read

By The Asian Banker

The winning bank has displayed a consistent performance and service for their affluent customers. Their financial solidity is reflected in their growing affluent customer base with over 113,000, showing a significant increase from 2021 to 2022. Out of these, 69% were digitally active. 

The bank's cost to income ratio has also increased, registering at 3.87% in 2022 compared to 4.31% in 2021, as they reported an $11 billion (IDR 164,000 trillion) Asset Under Management. The bank also holds 2.6% market share in terms of transaction volume for mutual funds, and a notably higher 14% market share for bonds based on transaction volume.

For its strong and consistent market performance providing customer centric services, the Best Wealth Management Bank is Bank Rakyat Indonesia.

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