In the lead up to the 16th ABLA, the SIXCAP | CNBC Exchange series will explore current topics of interest to business leaders in different countries. Open to a select group of c-level and senior executives, each Exchange features a highly-engaging morning debate with discussion and is followed by a networking session over lunch.
Indonesia's banking industry is at a crossroads.
While lending activity is slowly picking up, years of sluggish growth and weak commodity prices have pushed up the number of bad loans in the sector. Rating agency S&P estimates that weak loans are now around 11 percent of the total credit in Indonesia; the highest in Asia. At the same time, emergence of Fintech companies is intensifying competition in the consumer banking space.
How can Indonesia's banking sector cope with the challenges? Is the country able to achieve its target of offering financial services to three-quarters of its population by 2019? We'll assess the state of the banking industry in Southeast Asia's largest economy with our panel of guests.
Martin Soong is the co-anchor of CNBC's Street Signs, based in Singapore. The programme follows the day's biggest moves to provide viewers with actionable, real-time insights. From the anchor desk to the trading desk, the show helps you to capitalize on the plays of the day.
Part of the CNBC Asia team since 1993, Soong is one of the founding anchors of the network, and has played a key role in helping shape its identity and development.
A 20-year broadcast veteran, Soong has dominated business television in Asia for two decades. He covered the Asian financial crisis, and has also reported widely, from APEC and ASEAN summits, to post-conflict zones like East Timor.
Thomas Trikasih Lembong, also known as Tom, is the Chairman of Indonesia Investment Coordinating Board. He was a former Minister of Trade of Indonesia from August 2015 to July 2016.
Prior his appointment in the cabinet, he has a long professional record. He was a Co-Founder, Chief Executive Officer, Managing Partner, and Partner at Quvat Management Pte Ltd, a private equity fund which was established in 2006. He also served as President Commissioner at PT Graha Layar Prima Tbk (BlitzMegaplex) since 2012.
Kartika Wirjoatmodjo (Tiko), is President Director and CEO of PT Bank Mandiri. Previously he served as Chief Financial Officer of PT Bank Mandiri. Prior joining Bank Mandiri, he served as CEO and member of Board of Commissioner of Indonesia Deposit Insurance Corporation until March 2015.
He also served as CEO of PT Indonesia Infrastructure Finance until December 2013. Previously he was appointed Managing Director at PT Mandiri Sekuritas (2008-2011), Senior Vice President at PT Bank Mandiri (2005 – 2008).
He obtained bachelor degree in Accounting from University of Indonesia in 1996, and an MBA from Rotterdam School of Management, Erasmus University, Netherlands in 2001.
Vera Eve Lim graduated from the Faculty of Economics, Tarumanegara University (1989) and completed the Executive program in Stanford Graduate School of Business USA in 2008. She joined Bank Danamon in 1990 and has served in various senior positions. She was appointed as a Director of Danamon in June 2006 and reappointed as Director in the Bank's AGMS on May 7, 2014. She was appointed as Vice President Commissioner of PT Asuransi Adira Dinamika (2008-2012) and Commissioner of PT Adira Dinamika Multi Finance since 2010. Both are subsidiaries of Bank Danamon.