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Although private equity (PE) has faced the challenges of lower leverage and poor image since 2008, Indonesia is attracting a growing number of foreign and homegrown dealmakers. “PE is drawn to Indonesia given the strong growth prospects,” Destry Damayanti, chief economist at Bank Mandiri, told OBG. “Given Indonesia’s still shallow financial sector,...

The top 15 lenders continue to be considered systemically important in Indonesia, controlling 74% of banking assets as of September 2012. The majority of the market is still controlled by the top 10, which held 65.4% of deposits, 64.1% of loans and 64.8% of bank assets in April 2012 according to Pefindo, a credit ratings agency. These shares rise to...

Investors have traditionally focused on the largest cities in Java, but as urbanisation and growth spread to more outlying regions in the last decade attention has broadened to provincial urban centres.

In the face of rapidly expanding consumer lending in recent years, Bank Indonesia (BI) raised down payment requirements for two- and four-wheel vehicles as well as mortgages from July of 2012. With credit ratings agencies forecasting a medium-term rise in non-performing loans (NPLs) from their record low in 2012, the regulator has also sought to act...

THE COMPANY: Japfa Comfeed Indonesia (JPFA) was established in 1971 by the Santosa family, under the name Java Pelletising Factory, with copra pellets as its main product. Listed in 1989, the company acquired four poultry feed producers in 1990, resulting in a business shift and name change to Japfa...

Sharia-compliant banking has been growing three times faster than the conventional industry since 2007. The segment’s asset base grew at a compound annual growth rate of 49% over the past five years, albeit from a low base – assets accounted for a mere 4.1% of the banking industry’s total in the first half of 2012, far lower than the 20% of banking...