Citi’s Asia CEO francisco Aristeguieta builds the bank’s regional success.
In June, Citibank Indonesia celebrated its 50th anniversary of being in the country. To support this special event, Citigroup Asia Chief Executive Francisco Aristeguieta visited Jakarta in April. As the Asia CEO, he is responsible for Citi’s businesses in 12 markets in APAC and five in Europe, Middle East, and Africa. Francisco arrives in Jakarta as Citibank Indonesia is doing well in the country on its golden anniversary. Led by Citi’s Indonesian head Batara Sianturi, Citibank Indonesia’s net profit for the full-year 2017 rose 10% to Rp 2.5 trillion—coming from a combination of net interest income up 5% to Rp 4.3 trillion and fee-based income gaining 7% to Rp 2.1 trillion. Citibank Indonesia’s business was almost equally split between its institutional and consumer banking—54% and 46% respectively. The bank’s risk profile improved as well, with net NPLs dropping to 0.54% from 0.94% year on year.
Diese Geschichte stammt aus der August 2018-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 2018-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
