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Bank Mandiri

Company namePT Bank Mandiri (Persero) Tbk.
Company typePublic (Idx - BMRI)
IndustryFinancial Services, Banking
FoundedJakarta, Indonesia
Founder(s)Indonesian Government (1998)
HeadquartersJakarta, Indonesia
Key peopleZulkifli Zaini, CEO
Net income(+) Rp 9.2 trillion (2010) (appr. US$1 billion)

     Home | Company | Bank Mandiri

Bank Mandiri Idx - BMRI, headquartered in Jakarta, 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 %.

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 December 2010, the bank had 1380 branches spread across three different time zones in the Indonesian archipelago and six branches abroad, about 5224 Automatic Teller Machines (ATMs), and five principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri, and Bank Sinar Harapan Bali.

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