May 2026
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Largest Commercial Banking Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Bank Central Asia, Bank Rakyat Indonesia, Bank Mandiri, Bank Negara Indonesia and Bank Permata.
 | PT Bank Central Asia Tbk is an Indonesia-based banking service provider operating as a Sharia bank. The bank provides various financial solutions to its customers through its inter-branch links, ATM network, and electronic banking services. It offers loans, deposit accounts, mutual fund investments, fixed income products, and credit facilities, among other banking products and services. Its segments are Loans, which derives maximum revenue, Treasury, and Others. The customer base mainly includes individuals, small and medium businesses, and corporations. Its business segment is classified into five geographic areas, which are Sumatera, Java, Kalimantan, East Indonesia, and overseas operations. | $0 | -36% | $40B | $39B | 5.8x | - | ||
| PT Bank Rakyat Indonesia (Persero) Tbk operates in the banking sector. It provides and tailors banking services to micro, small, and medium enterprises. Its segments are Micro, Retail, Corporate, Others, and Subsidiaries. The company emphasizes integrating financial technology into its various platforms to create ease of access for its customer base. Its core business services include collecting customer deposits, loan disbursement, issuing promissory notes and loan agreements, and collateralizing assets. Its loan products include working capital loans for corporate and commercial customers, as well as mortgages for consumer customers. | $0 | -23% | $26B | $37B | 2.6x | - | ||
| PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its various products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries. | $0 | -19% | $22B | $34B | 3.7x | - | ||
| PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. Its main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking and Treasury. The company generates the majority of its revenue from the Wholesale & International Banking segment which includes loans, customer deposits, and other transactions belonging to corporate customers, both BUMN and private business entities. | $0 | -13% | $8B | $11B | 2.8x | - | ||
| PT Bank Permata Tbk is a private bank engaged in offering financial products and services especially in the hand-delivery channel including Internet Banking and Mobile Banking. The bank focuses on Consumer banking, Corporate banking, Commercial banking and Others segments. | $0 | +5% | $6B | $7B | 9.6x | - | ||
| PT Bank OCBC Nisp Tbk is an Indonesia-based company engaged in the banking sector. Its segments include Business Banking: Includes loans, deposits and other transactions and balances with corporate customers, Consumer Banking: Includes loans, deposits and other transactions and balances with individual customers, Global Markets: Includes Treasury products, advisory services, and balance sheet management, and Others: Includes ALCO book and head office.. The company generates maximum revenue from business banking segment. Its Business banking segment includes loans, deposits and other transactions and balances with corporate customers. | $0 | -- | $2B | $2B | 2.4x | - | ||
| Median | $0 | -19% | $15B | $22B | 3.3x | - |
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