Profile

Industry Sector Finance
Industry Sub Sector Banking
Established 2 October 1998
Listed 14 July 2003
Listed company code BMRI
Listed Shares 23,333,333,333
Dividend Yes
Major Shareholders (>5%) Government of Indonesia (60.00%)
Key Subsidiaries Bank Syariah Mandiri
AXA Mandiri Financial Services
Mandiri Sekuritas
Mandiri Tunas Finance
Bank Sinar Harapan Bali
Mandiri AXA General Insurance

Stock Quote Bank Mandiri - BMRI:

Business Summary

Bank Mandiri has six business segments:

Institutional
Corporate
Treasury
Commercial & Business
Consumer Finance
 Micro & Retail Banking

Bank Mandiri, through its subsidiaries, is active in a broad range of financial services. Bank Syariah Mandiri has achieved a dominant position in Indonesia's Islamic banking; Mandiri Sekuritas provides a full range of investment banking and asset management services, and is also a significant player in the government bond market; AXA Mandiri Financial Services provides bancassurance products through Bank Mandiri's retail branch network; Mandiri Tunas Finance is a nationally distributed multi-finance company specializing in vehicle loans; Bank Sinar Harapan Bali is a specialist micro-lender and Mandiri AXA General Insurance (MAGI) is engaged in non life insurance business.

Bank Mandiri has experienced a remarkable transformation between 2005 and the present. Around 2005, the bank posted weak financial results, for example a high Non-Performing Loan Ratio (NPL) of over 15 percent. However, through an extensive restructuring program it developed into one of Indonesia's largest companies (by market capitalization) and one of the country's leading financial institutions.

Bank Mandiri's Operational Highlights:

     2009    2010    2011    2012    2013    2014    2015
Number of Deposit
Accounts¹
 10,104  10,990  11,992  13,700  14,000  15,700  16,900
Number of Branches
  1,095   1,370   1,537   1,810   2,050   2,312   2,457
Number of ATMs   4,996   6,496   8,996  10,985  11,514  15,444  17,388

¹ in thousands
Source: Bank Mandiri, Annual Report 2015

Bank Mandiri's Financial Highlights:

     2009    2010    2011    2012    2013    2014    2015
Net Interest Income  16,777  19,519  21,776  28,422  33,809  39,132  45,363
Net Profit   7,155   9,218  12,246  15,504  18,204  19,872  20,335
Total Assets
394,617 449,775 551,892 635,619 733,099 855,040 910,063
Total Liabilities 359,508 408,232 489,237 559,086 644,309 750,195 790,572
Third Party Funds 319,550 362,212 422,250 482,914 556,341 636,381 676,387
Earnings per share¹  341,72  439,38  529,33  664,46  780,16  851,66  871,50
Non Performing Loan
Ratio²
   2.8%    2.4%    2.2%    1.7%    1.6%    1.7%    2.3%
Capital Adequacy Ratio
(CAR)
  15.7%   13.4%   15.3%   15.5%   14.9%   16.6%   18.6%
Loan to Deposit Ratio
(LDR)
  59.2%   65.4%   71.7%   77.7%   83.0%   82.0%   87.1%
Dividend per Share¹
(Gross)
 100,11  120,60  104,97  199,33  234,04  212,91

in billion IDR rupiah, except otherwise stated
¹ in IDR rupiah
² gross
Source: Bank Mandiri, Annual Report 2015

Future Projection Bank Mandiri's Financial Highlights:

      2014    2015    2016F    2017F    2018F
Net Interest Income   39,132   45,363   51,248   56,004   62,880
Net Profit   19,872   20,335   23,648   27,782   32,090
PPOP   31,507   38,382   40,662   44,353   49,665
P/E Ratio (x)     11.9     11.6     10.0      8.5      7.4
PBV (x)      2.3      2.0      1.7      1.5      1.3

in billion IDR rupiah, except otherwise stated
Source: Trimegah Securities (23/03/2016)

Stock Performance Bank Mandiri (BMRI) versus Benchmark Jakarta Composite Index (JKSE):*

* normalized stocks, 1 January 2015 = 100

Location

Contact Details

Plaza Mandiri
Jalan Jenderal Gatot Subroto Kav. 36-38,
Jakarta 12190
Phone: +62 21 526 5045
Fax: +62 21 527 4477
Email: sukoriyanto.saputro@bankmandiri.co.id
www.bankmandiri.co.id