Message from The Chairman of Indonesian Banks Association
The current global financial turbulence has affected the world economy and indisputably, the Indonesian economy is not immune from this negative condition. As for the Indonesian banking industry and financial institutions, the precautionary steps that have already been taken by the Central Bank to reduce the vulnerability of this industry need to be enhanced, especially taken from our experience during the past Asian financial crisis a decade ago.
To date, the current crisis has already claimed its victims from several key players in the Indonesian banking industry and financial institutions even from the micro banking industry, which in the last Asian fi nancial crisis had shown a certain degree of immunity.
This discouraging fact requires for the banking industry and financial institutions to take concrete immediate actions. The key enablers to survive the crisis and sustain the growth is to enhance coordination and synergy among the stakeholders in the banking industry and fi nancial institutions, focusing on cost efficiency and obtaining regulatory support.
Each year APCONEX has always bring up fresh and breakthrough technology concepts as a mean for achieving synergy and cost efficiency to achieve the ideal banking of the future. For the first time, this year’s APCONEX will present a showcase of progress to date on how Indonesian banks and financial institutions have implemented various technology applications and solutions in an effort to improve their operations and strengthen their sustainability.
As such, the APCONEX 2009 themed “Sustaining Growth Under Financial Turbulence: Enabling Financial Turnaround” is a valuable opportunity for the banking industry and financial institutions’ stakeholders to work together and synergize in surviving the crisis and sustaining the growth. It is our hope that this event, will result to signifi cant benefits, especially for the nation’s survival in the current global financial turbulence.
Thank you for your participation in today’s event.
Sincerely yours,
Sigit Pramono
