Bank Mandiri

Last updated

PT Bank Mandiri (Persero) Tbk.
Company type Public ( Perseroan terbatas )
IDX:  BMRI
Industry Financial services, banking
Predecessor
  • PT Bank Bumi Daya (Persero)
  • PT Bank Dagang Negara (Persero)
  • PT Bank Ekspor Impor Indonesia (Persero) (BankExim)
  • PT Bank Pembangunan Indonesia (Persero) (Bapindo)
Founded2 October 1998;26 years ago (1998-10-02)
Founder Government of Indonesia by merging several of its state-owned banks
Headquarters Jakarta, Indonesia
Key people
Darmawan Junaidi, President Director
Muhamad Chatib Basri, President Commissioner
RevenueIncrease2.svg Rp  72.2  trillion  (2023)
Increase2.svg Rp 74.64 trillion (2023)
Increase2.svg Rp 55.1 trillion (2023)
Total assets Increase2.svg Rp 2,174 trillion (2023)
Total equity Increase2.svg Rp 260.852 trillion (2023)
Owner Government of Indonesia (52%)
Number of employees
39,000 (2023)
Subsidiaries Mandiri Sekuritas
AXA Mandiri
Bank Mandiri Taspen
Mandiri Tunas Finance
Mandiri Inhealth (80%)
Bank Syariah Indonesia (51.2%)
Website www.bankmandiri.co.id
Footnotes /references
[1]

PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, [2] is the largest bank in Indonesia in terms of assets, loans and deposits. [3] Total assets as of 2022, were 1.992 Trillion rupiah (around US$133 Billion). As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets. [4]

Contents

As of December 2022, the bank had 2,364 branches spread across three different time zones in Indonesia and 7 branches abroad, about 13,027 automatic teller machines (ATMs), and 11 subsidiaries, such as: Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Mandiri Taspen, and Mandiri AXA General Insurance. [1]

History

Pre-merger

The Museum Mandiri, the former Dutch East Indian headquarters of the Netherlands Trading Society that was nationalised after the independence period. Museum Mandiri.jpg
The Museum Mandiri, the former Dutch East Indian headquarters of the Netherlands Trading Society that was nationalised after the independence period.
The former logo of Bank Mandiri, used until January 2008. Bank Mandiri (1998-2008).svg
The former logo of Bank Mandiri, used until January 2008.
The second logo of Bank Mandiri, used from January 2008 until October 2016. Since October 2016, the "ribbon" logo goes flat. Bank Mandiri logo.svg
The second logo of Bank Mandiri, used from January 2008 until October 2016. Since October 2016, the "ribbon" logo goes flat.

Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. 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.

Bank Bumi Daya and Bank Ekspor Impor Indonesia was previously merged in 1965 by the Indonesian government under Guided Democracy into Bank Negara Indonesia (BNI) umbrella, 1968: The Indonesian government then reorganized the banks in 1968 as the New Order government took place.

Merger and later history

In 1998, the government merged BBD, BDN, BankExim and Bapindo to create Bank Mandiri [5] to restructurize some state-owned banks to manage impacts of financial crisis at the time. Bank Mandiri was established on 2 October 1998, and the merged banks operated effectively as a single bank starting on 31 July 1999. The name Mandiri (Indonesian for "self-reliant" or "independent") was coined by President B. J. Habibie during his presidency, with the hope that the bank could become a self-reliant bank and encourage the people, especially who need microfinancing, to also become self-reliant. [6]

In 2004, the bank opened a branch in Dili, East Timor and a representative office in Shanghai, China.

Products

Consumer banking

  1. Mandiri Savings:
    • Mandiri Saving account
    • Mandiri Business Saving
    • Mandiri Plan Saving
    • Mandiri Hajj Saving
    • Mandiri Foreign Currency Saving
  2. Mandiri Current account
    • Mandiri Current Account
  3. Mandiri DepositMandiri Deposit
    • Mandiri Foreign Currency Deposit
  4. Mandiri Debit
    • Mandiri Debit
  5. Mandiri Prepaid
    • GazCard
    • Indomaret Card
    • E-toll Card
  6. Mandiri credit card
  7. Mandiri consumer loan
    • Mandiri KPR
    • Mandiri KPR Multiguna
    • Mandiri personal loan
    • Mandiri Mitrakarya
    • Mandiri Tunas KPM
  8. Mandiri Priority Services
    • Mandiri Priority Services
    • Merchant Relations Program
  9. Investment Products
  10. Bancassurance
    • Mandiri Investasi Sejahtera
    • Mandiri Jiwa Sejahtera
    • Mandiri Rencana Sejahtera
  11. Retail Brokerage Service
    • Retail Brokerage
  12. Consumer Banking Treasury (CBT)

Subsidiaries

International

Principal

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. [11]

See also

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References

  1. 1 2 "Annual Report 2022". Bank Mandiri. 2022. Archived from the original on 18 April 2023. Retrieved 18 April 2023.
  2. "Bank Mandiri Head Office Address Archived 12 February 2010 at the Wayback Machine ." Bank Mandiri. Retrieved on 30 September 2012.
  3. "Indonesia-Investments.com:Bank Mandiri company profile". 25 March 2014. Archived from the original on 18 June 2014. Retrieved 25 March 2014.
  4. "Top 10 largest Bank Asset in Indonesia". Archived from the original on 2 November 2023. Retrieved 12 April 2023.
  5. "Mandiri - Investor Relations - Corporate Profile & Transformation Process". Archived from the original on 22 June 2017. Retrieved 26 December 2009.
  6. Fauzia, Mutia (12 September 2019). "BJ Habibie, Sosok di Balik Pemberian Nama Bank Mandiri". Kompas.com. Archived from the original on 4 November 2021. Retrieved 4 November 2021.
  7. 1 2 3 4 5 6 "Mandiri - Leading, Trusted. Enabling growth". Archived from the original on 9 February 2010. Retrieved 27 December 2009.
  8. "Financial Directory – Company". Archived from the original on 27 December 2010. Retrieved 27 December 2009.
  9. "VIVAnews - 7 Pelaku Pasar Modal Terbaik di Indonesia". headlines.vivanews.com. Archived from the original on 16 July 2012. Retrieved 26 January 2022.
  10. "MTF History".
  11. "Archived copy". Archived from the original on 26 June 2011. Retrieved 22 June 2011.{{cite web}}: CS1 maint: archived copy as title (link)