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Bank Mandiri

PT Bank Mandiri (Persero) Tbk.
Public company
Traded as BMRI
Industry Financial services, banking
Predecessor Bank Bumi Daya
Bank Dagang Negara
Bank Ekspor Impor
Bank Pembangunan Indonesia
Founded Jakarta, Indonesia (2 October 1998)
Founder Government of Indonesia
Headquarters Jakarta, Indonesia
Key people
Kartika Wirjoatmodjo, CEO
Revenue Rp 32,598 trillion (2010)
Rp 10,824,074.00 trillion (2010)
Increase Rp 18,2 trillion (2013)
AUM Rp 5,7 trillion (2010)
Total assets Rp 670 trillion (2013)
Total equity Rp 79,46 trillion (2013)
Subsidiaries Bank Syariah Mandiri
Mandiri Sekuritas
AXA Mandiri
Bank Sinar Harapan Bali
Mandiri Tunas Finance
Asuransi Jiwa InHealth Indonesia
Website www.bankmandiri.co.id

Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in term of assets, loans and deposits. Total assets as of Q3 2012 were IDR 588.4 trillion (or USD 59.8 billion). It also has Capital Adequacy Ratio (CAR) of 16.08% (including market risk), Return on Asset (RoA) of 3.45%, and Return on Equity (RoE) of 22.18%. As of September 2012, Bank Mandiri is the first largest bank in Indonesia by total assets.

By September 2012, the bank had 1733 branches spread across three different time zones in the Indonesian archipelago and six branches abroad, about 11.000 Automatic Teller Machines (ATMs), and six principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Sinar Harapan Bali, and Mandiri AXA General Insurance.

Bank Mandiri is the result of the merger made by Indonesian Government from four older government-owned banks that had failed in 1998. Those four banks were Bank Bumi Daya (BBD), Bank Dagang Negara (BDN), Bank Expor Impor (Exim), and Bank Pembangunan Indonesia (Bapindo). During the amalgamation and reorganisation, the government reduced the number of branches by 194 and the number of personnel from 26,600 to 17,620.

Based on mystery shopper method done by surveyor, in 2011 Bank Mandiri got average value 91.23 percent, a first time for a bank got more than 90 percent over 15 years survey. Bank Mandiri got Service Excellence Award for 4 times consecutives and got The Most Consistent Bank for 2 times.


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