Within Treasury services, Mutiara Bank has capitalised on Bank Century’s previous strengths in bank note transactions and managed to expand its market share in this area to over 40% of Indonesia’s total market. In addition to this core function, the Treasury division handles security & management, interbank money market transactions, government securities and corporate bond transactions. Through its Treasury products, the bank aims to play a greater role in the deepening of Indonesia’s capital markets and their contribution to the real economy by providing a broad scope of instruments that suit government, corporate and retail clients.

The bank’s improved performance is acutely reflected in its maintaining of net open positions (NOP) for foreign exchange transactions at below the required level by Bank Indonesia of 20%. Forex will continue to play an increasingly larger role in fee based revenue contributions from its retail galleries in Jakarta which provide customers with access to exclusive foreign exchange transaction services. Last year, a further two more treasury galleries have been opened with a target of five more galleries by 2015 in order to increase client access and boost transaction volumes.

Treasury services are an integral part of the bank’s strategy within fee based income services and the bank will continue to focus on Fixed Income Securities such as banknotes in addition to Corporate Bonds and Indonesian Retail bonds.