50 Years of Asia: Raghuram Rajan
9 May, 201950 Years of Asia: Weijian Shan, PAG
9 May, 2019Euromoney, May 9 2019
Read the full article here: https://www.euromoney.com/article/b1f7pc5ny2wfny/jahja-setiaatmadja-simplicity-for-success
Jahja Setiaatmadja runs Bank Central Asia, one of the most admired banks on the continent.
Based in Indonesia – and resolute in the face of temptation to move internationally – it keeps things simple, is picky about clients and boasts some of the best ratios in the industry.
Jahja describes a promising domestic market coupled with challenges beyond its control. On the plus side, he says, the government expects economic growth of 5.3% this year, while domestic banking authorities expect third party funds to grow 8% to 10% and credit 13%. “This optimism is a positive foundation for banks to set business targets and maintain performance,” he says.
But there’s a problem. “We are the tail of the dragon – and China is the dragon,” he says. “The ups and downs of business in China will be reflected in our economy. “Market volatility driven by global economic sentiment can greatly impact Indonesia,” he adds.
Full article: https://www.euromoney.com/article/b1f7pc5ny2wfny/jahja-setiaatmadja-simplicity-for-success?copyrightInfo=true
