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 reorganization, the government reduced the number of branches by 194 and the number of personnel from 26,600 to 17,620.
State-ownedBank Mandiri, the country’s second-largest bank by asset value, forecast a 0.32 percent contraction in the country’s GDP in the January to March period, according to a preview note published on Tuesday.
The current BKPM chief Bahlil Lahadalia has been appointed Investment Minister... Mr Budi, a 56-year old former banker who was chief executive of Indonesia's biggest state-owned bank�Bank Mandiri, is known to possess strong management skills and has been involved in Indonesia's lobbies to secure vaccines for its huge population ... More on this topic. �.
The current BKPM chief Bahlil Lahadalia has been appointed Investment Minister... Mr Budi, a 56-year old former banker who was chief executive of Bank Mandiri, Indonesia’s biggest state-owned bank, is known to possess strong management skills and has been involved in Indonesia’s lobbies to secure vaccines for its huge population ... ....
The JakartaExperienceBoard, which is the new branding of PT Jakarta Tourisindo (Jaktour) is injecting donations to tour guides affected by the COVID-19 pandemic through the Virtual Tour Ramadhan ... It could be made through BankBCA with account numbers 5520-622-570 and Bank Mandiri at 124-00-1041033-1 on behalf of PT Atourin Teknologi Nusantara ... .
Gojek’s investment follows one in LinkAja by its Singapore-based competitor Grab in November, making the platform a rare company into which both bitter rivals have invested ... Other investors at that time included venture capital arms of state-owned Bank Rakyat Indonesia and Bank Mandiri ... This article was originally published by Nikkei Asia ... .
IN THE SPOTLIGHT. PALO ALTO NETWORKS. Advertisement ... PPERY PT Bank Mandiri Persero TBK $0.09 ... BKRKY Bank Rakyat $0.13 ... WF Woori Bank $0.75 ... BMO Bank Of MontrealUSA $1.69 ... JYSK Jyske Bank kr8.46 ... VJBA Vestjysk Bank kr0.08 ... RY Royal Bank Of Canada $1.78 ... LYG Lloyds Banking $0.02 ... TD Toronto-Dominion Bank $1.16 ... CM CanadianImperial Bank Of Commerce USA $2.19.
His reference to a backdoor listing is particularly telling when publicly-listed state enterprises like Bank Mandiri, PT Telkom and toll-road operator PT Jasa Marga are performing better than any of their counterparts in the government stable ... recent sale to Bangkok Bank.
PresidentJoko Widodo launched the operations of state-owned Bank Syariah Indonesia (BRIS), the new single identity replacing the Islamic lending trio of Bank BRI Syariah, Bank Syariah Mandiri, and Bank BNI Syariah. Each of the banks was a subsidiary of their respective conventional banking companies, namely Bank BRI, Bank Mandiri, and Bank BNI.