Bank profits are steadily increasing in line with the expansion of the intermediation function and efficiency improvements, as well as effective risk management. Although much has been accomplished, a lot more still remains to do. In this current globalization era, the speed of change often impresses. Our achievements today do not guarantee success tomorrow. Only the fundamentals are not prone to rapid change.
We have always utilized this awareness as the foundation of IBA formulation for banking industry policy. The achievement of six fundamentals, namely the pillars of IBA, represent, in essence, a transformation process; from the chaos that came from the crisis, to a solid industry resilient to shocks that can compete globally and benefit all strata of society.