Samiksha Jaiswal (Editor)

Bank Mandiri

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Type
  
Public company

Traded as
  
IDX: BMRI

Bank Mandiri 1bpblogspotcomzkv5u5OGPEMVKOWnIRRKBIAAAAAAA

Industry
  
Financial services, banking

Predecessor
  
Bank Bumi Daya Bank Dagang Negara Bank Ekspor Impor Bank Pembangunan Indonesia

Key people
  
Kartika Wirjoatmodjo, CEO

Revenue
  
Rp 32,598 trillion (2010)

CEO
  
Kartika Wirjoatmodjo (2015–)

Headquarters
  
Central Jakarta, Jakarta, Indonesia

Stock price
  
BMRI (IDX) IDR 11,350 +50.00 (+0.44%)1 Mar, 4:11 PM GMT+7 - Disclaimer

Founded
  
2 October 1998, Jakarta, Indonesia

Founders
  
Government of Indonesia, Ministry of Finance of Republic of Indonesia

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Bank mandiri


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.

Contents

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.

History

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.

  • 1951: Bank Industri Negara (BIN) was established to finance priority sectors, such as plantations, industry and mining.
  • 1959: The Indonesia government nationalised Nationale Handelsbank's operations in Indonesia and from them created Bank Umum Negara.
  • 1960: The Indonesia government nationalised the Indonesian operations of two more Dutch banks. It used Nederlandsche Handel-Maatschappij's operations to create Bank Ekspor Impor Indonesia. Escomptobank became Bank Dagang Negara. The government also established the state-owned Bank Pembangunan Indonesia (Bapindo) and merged BIN into it. Bapindo specialised in medium and long-term financing of manufacturing, tourism and transportation.
  • 1964: The Indonesia government nationalised Chartered Bank's operations in Indonesia and merged them into Bank Umum Negara. Chartered Bank, a British overseas bank, had first entered Indonesia in 1863 when it opened an agency in Batavia.
  • 1965: The Indonesia government brought Bank Umum Negara into the Bank Negara Indonesia group, renaming it Bank Negara Indonesia Unit IV (BNI IV). Similarly, Bank Ekspor Impor Indonesia became Bank Negara Indonesia Unit II (BNI II).
  • 1968: The Indonesian government again reorganised some banks. BNI IV became an independent bank with the name Bank Bumi Daya. The government split BNI II into two parts, with the BNI Unit II Export-Import Division becoming BankExim, which specialised in trade finance.
  • 1986: Bapindo expanded into general commercial banking.
  • 1999: The government merged Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia to create Bank Mandiri.
  • 2004: The bank opened a branch in Dili (East Timor), and a representative office in Shanghai (China).

    • board of directors

  • President Director : Kartika Wirjoatmodjo
  • Vice-President Director : Sulaiman Arif Arianto
  • Director : Ogi Prastomiyono
  • Director : Pahala N. Mansury
  • Director : Royke Tumilaar
  • Director : Hery Gunardi
  • Director : Tardi
  • Director : Ahmad Siddik Badruddin
  • Director : Kartini Sally
  • Director : Rico Usthavia Frans

    • Consumer Banking

    1. Mandiri Savings:
    2. Mandiri Saving Account
    3. Mandiri Business Saving
    4. Mandiri Plan Saving
    5. Mandiri Hajj Saving
    6. Mandiri Foreign Currency Saving
    7. Mandiri Current account
    8. Mandiri Current Account
    9. Mandiri Deposit
    10. Mandiri Deposit
    11. Mandiri Foreign Currency Deposit
    12. Mandiri Debit
    13. Mandiri Debit
    14. Mandiri Prepaid
    15. GazCard
    16. Indomaret Card
    17. E-toll Card
    18. Mandiri Credit card
    19. Mandiri VISA
    20. Mandiri MasterCard
    21. Mandiri Feng Shui Card
    22. Mandiri Consumer Loan
    23. Mandiri KPR
    24. Mandiri KPR Multiguna
    25. Mandiri Personal Loan
    26. Mandiri Mitrakarya
    27. Mandiri Tunas KPM
    28. Mandiri Priority Services
    29. Mandiri Priority Services
    30. Merchant Relations Program
    31. Investment Products
    32. Mutual funds
    33. ORI & Sukuk Ritel
    34. Bancassurance
    35. Mandiri Investasi Sejahtera
    36. Mandiri Jiwa Sejahtera
    37. Mandiri Rencana Sejahtera
    38. Retail Brokerage Service
    39. Retail Brokerage
    40. Consumer Banking Treasury (CBT)
    41. Consumer Banking Treasury

    International Subsidiaries

  • Bank Mandiri Singapore Branch, operate under offshore bank licence granted by Monetary Authority of Singapore
  • Bank Mandiri Hong Kong Branch
  • Bank Mandiri Cayman Islands Branch
  • Bank Mandiri Dili Branch
  • Bank Mandiri Shanghai Branch
  • Bank Mandiri (Europe) Limited, located in London, UK. Subsidiary of PT Bank Mandiri (Persero) Tbk.

    • Principal Subsidiaries

  • Bank Syariah Mandiri
  • Mandiri Sekuritas, at Capital Market Awards 2011, PT Mandiri Sekuritas got 3 awards from 9 awards (Marketing Net, the Best Bond Emiten, and the Best Stock Exchange member)
  • AXA Mandiri Financial Services
  • Bank Sinar Harapan Bali (BSHB)
  • Mandiri Tunas Finance
  • Mandiri AXA General Insurance
  • Asuransi Jiwa InHealth Indonesia

    • Awards

    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.

    Slogans

  • 1998–2005: Bank Terpercaya Pilihan Anda
  • 2003–2005: Satu Hati, Satu Negeri, Satu Bank
  • 2005–2008: Melayani Dengan Hati, Menuju yang Terbaik
  • 2008–present: Terdepan, Terpercaya, Tumbuh Bersama Anda
  • 2009–2010: Menembus Batas Keinginan
  • 2010–2012: Menjawab Setiap Keinginan
  • 2012–present: Apapun Keinginan Anda, Mandiri Saja

    • References

    Bank Mandiri Wikipedia
    (Text) CC BY-SA