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:

     2008    2009    2010    2011    2012    2013    2014
Number of Deposit
Accounts¹
  8,831  10,104  10,990  11,992  13,700  14,000  15,700
Number of Branches
  1,027   1,095   1,370   1,537   1,810   2,050   2,312
Number of ATMs     4,996   6,496   8,996  10,985  11,514  15,444

¹ in thousands
Source: Bank Mandiri, Annual Report 2014


Bank Mandiri's Financial Highlights:

     2008    2009    2010    2011    2012    2013    2014
Net Interest Income  14,800  16,777  19,519  21,776  27,531  32,777  
Operating Income
 19,400  22,442  28,792  35,546  41,931  
Operating Profit   7,910  10,434  13,742  16,349  19,625    25,978
Net Profit   5,313   7,155   9,218  12,246  15,504  18,204  19,872
Total Assets
358,439 394,617 449,775 551,892 635,619 733,099 855,040
Total Liabilities 327,925 359,508 408,232 489,237 559,086 644,309 750,195
Third Party Funds 289,112 319,550 362,212 422,250 482,914 556,341 636,381
Earnings per share¹  254,51  341,72  439,38  529,33  664,46  780,16  851,66
Non Performing Loan
Ratio²
   4.7%    2.8%    2.4%    2.2%    1.7%    1.6%    1.7%
Capital Adequacy Ratio
(CAR)
  15.7%   15.7%   13.4%   15.3%   15.5%   14.9%   16.6%
Loan to Deposit Ratio
(LDR)
    59.2%   65.4%   71.7%   77.7%   83.0%   82.0%
Dividend per Share¹
(Gross)
  88,90  100,11  120,60  104,97  199,33  

in billion IDR rupiah, except otherwise stated
¹ in IDR rupiah
² gross
Source: Bank Mandiri, Annual Report 2014


Future Projection Bank Mandiri's Financial Highlights:

      2012     2013     2014    2015F    2016F
Net Interest Income   27,531   32,777     40,203   44,912
Net Profit   15,504   18,204   19,872   21,218   23,420
PPOP   23,018   28,408   33,245   36,297
P/E Ratio (x)     15.8     13.4     11.5     10.4
PBV (x)      3.3      2.8          2.1      1.8

in billion IDR rupiah, except otherwise stated
Source: Danareksa Sekuritas

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