Bank Mandiri

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PT Bank Mandiri (Persero) Tbk.

Type	Public (IDX: BMRI)
Industry	Financial Services, Banking
Founded	Jakarta, Indonesia
Founder(s)	Indonesian Government (1998)
Headquarters	Jakarta, Indonesia
Key people	Zulkifli Zaini, CEO
Net income	Rp 12.2 trillion (2011) (appr. US$ 1.34 billion)^[1]
Website	www.bankmandiri.co.id

Bank Mandiri (IDX: BMRI), headquartered in Jakarta,^[2] is the largest bank in Indonesia in term of assets, loans and deposits. Total assets as of Q2 2010 were IDR 402.1 trillion (or USD 46.4 billion). It also has Capital Adequacy Ratio (CAR) of 23% (including market risk), Return on Asset (RoA) of 0.71 %, and Return on Equity (RoE) of 7.38 %. As of September 2011, Bank Mandiri is the first largest bank in Indonesia by total assets.^[3]

In May 2005, the bank announced that as a result of new, tighter accounting regulations, its reported nonperforming loans would increase. The resulting increase was a very large one, from 7% non-performance to 25%.

By March 2012, the bank had 1544 branches spread across three different time zones in the Indonesian archipelago and six branches abroad, about 8996 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.

Contents

1 History
2 Corporate Value
3 Board of directors
4 Products
- 4.1 Consumer Banking
5 International Subsidiaries
6 Principal Subsidiaries
7 Awards
8 References
9 External links

History

Museum Mandiri, the former building of Nederlandsche Handel-Maatschappij that was nationalized after the independence period.

Bank Mandiri is the result of the merger made by Indonesian Government from four older 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.

1951: Bank Industri Negara (BIN) was established to finance priority sectors, such as plantations, industry and mining.
1959: The Indonesia government nationalized Nationale Handelsbank’s operations in Indonesia and from them created Bank Umum Negara.
1960: The Indonesia government nationalized 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 specialized in medium and long-term financing of manufacturing, tourism and transportation.
1964: The Indonesia government nationalized 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 reorganized 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 specialized in trade finance.
1986: Bapindo expanded into general commercial banking.
1999: The government merged Bank Bumi Daya, Bank Dagang Negara, BankExim, and Bapindo to create Bank Mandiri.^[4]
2004: The bank opened a branch in Dili (East Timor), and a representative office in Shanghai (China).

Corporate Value

As part of Bank Mandiri culture program, Bank Mandiri established their culture value known as TIPCE that stands for:

Trust
Integrity
Professionalism
Customer Value
Excellence

Board of directors

President Director : Zulkifli Zaini
Vice President Director : Riswinandi
Director of Institutional Banking : Abdul Rachman
Director of Risk Management : Sentot A. Sentausa
Director of Treasury, FI & Special Asset Mgmt : Royke Tumilaar
Director of Micro & Retail Banking : Budi Gunadi Sadikin
Director of Compliance & HC : Ogi Prastomiyono
Director of Finance & Strategy : Pahala N. Mansury
Director of Commercial & Business Banking : Sunarso
Director of Corporate Banking : Fransisca N. Mok
Director of Technology & Operations : Kresno Sediarsi

Products

Consumer Banking

Mandiri Savings:
- Mandiri Saving Account
- Mandiri Business Saving
- Mandiri Plan Saving
- Mandiri Hajj Saving
- Mandiri Foreign Currency Saving
Mandiri Current Account
- Mandiri Current Account
Mandiri Deposit
- Mandiri Deposit
- Mandiri Foreign Currency Deposit
Mandiri Debit
- Mandiri Debit
Mandiri Prepaid
- GazCard
- Indomaret Card
- E-toll Card
Mandiri Credit Card
- Mandiri VISA
- Mandiri MasterCard
- Mandiri Feng Shui Card
Mandiri Consumer Loan
- Mandiri KPR
- Mandiri KPR Multiguna
- Mandiri Personal Loan
- Mandiri Mitrakarya
- Mandiri Tunas KPM
Mandiri Priority Services
- Mandiri Priority Services
- Merchant Relations Program
Investment Products
- Mutual Fund
- ORI & Sukuk Ritel
Bancassurance
- Mandiri Investasi Sejahtera
- Mandiri Jiwa Sejahtera
- Mandiri Rencana Sejahtera
Retail Brokerage Service
- Retail Brokerage
Consumer Banking Treasury (CBT)
- Consumer Banking Treasury

International Subsidiaries

Bank Mandiri Singapore Branch,^[5] operate under offshore bank licence granted by Monetary Authority of Singapore^[6]
Bank Mandiri Hong Kong Branch^[7]
Bank Mandiri Cayman Islands Branch^[8]
Bank Mandiri Dili Branch^[9]
Bank Mandiri Shanghai Branch^[10]
Bank Mandiri (Europe) Limited,^[11] 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)^[12]
Mandiri Tunas Finance
AXA Mandiri Financial Services
Bank Sinar Harapan Bali
Mandiri AXA General Insurance

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.^[13]

References

External links

	Indonesia portal
	Companies portal

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks

State-owned banks	Bank Mandiri • Mutiara Bank • Bank Negara Indonesia • Bank Rakyat Indonesia • Bank Tabungan Negara

National private foreign exchange banks	Bank Agroniaga • Bank Anda • Bank Artha Graha Internasional • Bank Bukopin • Bank Bumi Arta • Bank Capital Indonesia • Bank Central Asia • Bank CIMB Niaga • Bank Danamon Indonesia • Bank Ekonomi Raharja • Bank Ganesha • Bank Hana • Bank Himpunan Saudara 1906 • Bank ICB Bumiputera • Bank ICBC Indonesia • Bank Index Selindo • Bank Internasional Indonesia • Bank Maspion • Bank Mayapada • Bank Mega • Bank Mestika Dharma • Bank Metro Express • Bank Nusantara Parahyangan • Bank OCBC NISP • Bank of India Indonesia • Panin Bank • Bank Permata • Bank QNB Kesawan • Bank SBI Indonesia • Bank Sinarmas • Bank UOB Indonesia

National private non-foreign exchange banks	Anglomas Internasional Bank • Bank Andara • Bank Artos Indonesia • Bank Bisnis Internasional • Centratama Nasional Bank • Bank Dipo International • Bank Fama Internasional • Bank Harda Internasional • Bank Ina Perdana • Bank Jasa Jakarta • Bank Kesejahteraan Ekonomi • Bank Liman International • Bank Mayora • Bank Mitraniaga • Bank Multi Arta Sentosa • Bank Nationalnobu • Prima Master Bank • Bank Pundi Indonesia • Bank Royal Indonesia • Bank Sahabat Purba Danarta • Bank Sinar Harapan Bali • Bank Tabungan Pensiunan Nasional • Bank Victoria Internasional • Bank Yudha Bhakti

Regional banks	Bank Jambi • Bank Kalsel • Bank Kaltim • Bank Sultra • Bank BPD DIY • Bank Nagari • Bank DKI • Bank Lampung • Bank Kalteng • Bank BPD Aceh • Bank Sulsel • Bank BJB • Bank Kalbar • Bank Maluku • Bank Bengkulu • Bank Jateng • Bank Jatim • Bank NTB • Bank NTT • Bank Sulteng • Bank Sulut • Bank BPD Bali • Bank Papua • Bank Riau Kepri • Bank Sumsel Babel • Bank Sumut

Joint-venture banks	Bank ANZ Indonesia • Bank Commonwealth • Bank Agris • Bank BNP Paribas Indonesia • Bank Capital Indonesia • Bank Chinatrust Indonesia • Bank DBS Indonesia • Bank KEB Indonesia • Bank Mizuho Indonesia • Bank Rabobank International Indonesia • Bank Resona Perdania • Bank Sumitomo Mitsui Indonesia • Bank Windu Kentjana International • Bank Woori Indonesia

Foreign banks	Bank of America • Bangkok Bank • Bank of China • Citibank • Deutsche Bank • HSBC • JPMorgan Chase • Royal Bank of Scotland • Standard Chartered • Bank of Tokyo-Mitsubishi UFJ

Sharia banks

State-owned banks	Bank BNI Syariah • Bank Muamalat Indonesia • Bank Syariah Mandiri

National private foreign exchange banks	BCA Syariah • Bank BJB Syariah • Bank BRI Syariah • Bank Mega Syariah • Panin Bank Syariah • Bank Syariah Bukopin • Bank Victoria Syariah

Joint-venture banks	Bank Maybank Syariah Indonesia

Sharia business units of conventional banks

State-owned banks	Bank BTN Syariah

National private foreign exchange banks	Bank Danamon Syariah • CIMB Niaga Syariah • BII Syariah • OCBC NISP Syariah • Bank Permata Syariah

Regional banks	Bank BPD Aceh Syariah • Bank BJB Syariah • Bank DKI Syariah • Bank Kalbar Syariah • Bank Kalsel Syariah • Bank NTB Syariah • Bank Riau Kepri Syariah • Bank Sumsel Babel Syariah • Bank Sumut Syariah

Foreign banks	HSBC Amanah

See also: Rural banks

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