The banking industry has been more resilient, as indicated by secure level of capital adequacy ratio (CAR) above the minimum level, reaching 16.0% at the end of 2011 and gross non-performing loans (NPLs) managed at comfortably safe level of 3.0%. Nevertheless, I believe the role of Indonesian banking sector and its efficiencies can still be further strengthen in supporting the economic development.
The Resource Management Sector, on the other hand, will ensure that BSPers are properly equipped with the appropriate skills and expertise required by our institution. 2008 also marks our shift to a more meaningful appraisal system in accordance with our merit system for salary adjustments and promotions.