Bank Mandiri
Encyclopedia
Bank Mandiri , headquartered in Jakarta
Jakarta
Jakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...

, is the largest bank in Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

 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.

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.

History

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
    Nationale Handelsbank
    The Nationale Handelsbank was a Dutch bank that was established to financing trade between the Netherlands and the Dutch East Indies. After operating independently for nearly a hundred years, the parts in Indonesia, were nationalized by the Indonesian government and the remainder was acquired by...

    ’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
    Nederlandsche Handel-Maatschappij
    The Netherlands Trading Society was a Dutch trading company established in 1824 by King Willem I of the Netherlands to promote and develop trade, shipping and agriculture...

    ’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
    Chartered Bank of India, Australia and China
    The Chartered Bank of India, Australia and China was a bank founded in London in 1851/1853 by Scotsman James Wilson following the grant of a Royal Charter from Queen Victoria. It opened its first branches in 1858 in Calcutta and Bombay and then in 1863 in Karachi and Shanghai...

    , 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
    Bank Negara Indonesia
    Bank Negara Indonesia , commonly known as BNI, is an Indonesian bank. It branches primarily in Indonesia, but it can also found in Singapore, Hong Kong, Tokyo, London and New York. It had 1,000 branches and 9 million customers in 2006. It is quoted on the Indonesia Stock Exchange as...

     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.
  • 2004: The bank opened a branch in Dili
    Dili
    Dili, spelled Díli in Portuguese, is the capital, largest city, chief port and commercial centre of East Timor.-Geography and Administration:Dili lies on the northern coast of Timor island, the easternmost of the Lesser Sunda Islands....

     (East Timor
    East Timor
    The Democratic Republic of Timor-Leste, commonly known as East Timor , is a state in Southeast Asia. It comprises the eastern half of the island of Timor, the nearby islands of Atauro and Jaco, and Oecusse, an exclave on the northwestern side of the island, within Indonesian West Timor...

    ), and a representative office in Shanghai
    Shanghai
    Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

     (China
    China
    Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

    ).

Corporate Value

As part of Bank Mandiri culture program, Bank Mandiri established their culture value known as TIPCE that stands for:
  1. Trust
  2. Integrity
  3. Professionalism
  4. Customer Value
  5. 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

Consumer Banking

  1. Mandiri Savings:
    • Mandiri Saving Account
    • Mandiri Business Saving
    • Mandiri Plan Saving
    • Mandiri Hajj
      Hajj
      The Hajj is the pilgrimage to Mecca, Saudi Arabia. It is one of the largest pilgrimages in the world, and is the fifth pillar of Islam, a religious duty that must be carried out at least once in their lifetime by every able-bodied Muslim who can afford to do so...

       Saving
    • Mandiri Foreign Currency Saving
  2. Mandiri Current Account
    Current account
    In economics, the current account is one of the two primary components of the balance of payments, the other being the capital account. The current account is the sum of the balance of trade , net factor income and net transfer payments .The current account balance is one of two major...

    • Mandiri Current Account
  3. Mandiri Deposit
    • Mandiri Deposit
      Deposit account
      A deposit account is a current account, savings account, or other type of bank account, at a banking institution that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the...

    • Mandiri Foreign Currency Deposit
  4. Mandiri Debit
    Debit
    Debit and credit are the two aspects of every financial transaction. Their use and implication is the fundamental concept in the double-entry bookkeeping system, in which every debit transaction must have a corresponding credit transaction and vice versa.Debits and credits are a system of notation...

    • Mandiri Debit
  5. Mandiri Prepaid
    • GazCard
    • Indomaret Card
    • E-toll
      E-toll
      e-toll or mandiri e-toll card is a contactless smart card used by Indonesian toll road operators to pay the toll fee. The card is issued by Bank Mandiri in cooperation with 3 toll operators...

       Card
  6. Mandiri Credit Card
    Credit card
    A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

    • Mandiri VISA
      Visa
      Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...

    • Mandiri MasterCard
      MasterCard
      Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

  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
      Merchant
      A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...

       Relations Program
  9. Investment
    Investment
    Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

     Products
    • Mutual Fund
      Mutual fund
      A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...

    • ORI & Sukuk Ritel
  10. Bancassurance
    Bancassurance
    The Bank Insurance Model , also sometimes known as 'Bancassurance', is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.BIM allows the insurance company to...

    • AXA
      AXA
      AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of...

       Mandiri Financial Services
    • Mandiri Investasi Sejahtera
    • Mandiri Jiwa Sejahtera
    • Mandiri Rencana Sejahtera
  11. Retail Brokerage Service
    • Retail Brokerage
  12. Consumer Banking Treasury (CBT)
    • Consumer Banking Treasury
      Treasury
      A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....


International Subsidiaries

  • Bank Mandiri Singapore Branch, operate under offshore bank licence granted by Monetary Authority of Singapore
    Monetary Authority of Singapore
    The Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority...

  • Bank Mandiri Hong Kong Branch
  • Bank Mandiri Cayman Islands Branch
  • Bank Mandiri Dili Branch
  • Bank Mandiri Shanghai Representative Office
  • 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)
  • Mandiri Tunas Finance
  • AXA Mandiri
  • Bank Sinar Harapan Bali

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.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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