Major Indonesia Lender Cuts Drinking Water to Save Costs
PT Bank Central Asia is reportedly reining in on costs with drastic measures including restrictions on drinking water for staff.
«Weeks after Armand Wahyudi Hartono became the vice president director of Indonesia's largest non-state bank, he noticed how staff were leaving half-empty glasses of water after work,» according to a «Bloomberg» report.
«The next morning, he restricted the amount of drinking water available at PT Bank Central Asia's headquarters.»
In addition to cutting drinking water, CBC has also imposed other unconventional restrictions including limited internet access even for senior staff or the requirement for staff to pay in order to use meeting rooms.
BCA boasts the lowest operating-expense ratio amongst Indonesia’s largest listed banks with profits rising 10 percent eight out of the last ten years to achieve a market cap of $50 billion – the largest amongst banks globally.
