Bank Mandiri

PT Bank Mandiri Tbk is Indonesia’s largest financial institution by assets. Bank Mandiri offers businesses and individuals throughout Indonesia a full set of banking and non-banking products and services. The company also serves international clients with subsidiaries, branches and representative offices in London, Hong Kong, Malaysia, Singapore, Timor Leste, Shanghai, and the Cayman Islands.

Bank Mandiri was established as a consequence of the Asian Financial Crisis. When the Indonesian financial sector had collapsed in the late 1990s, four state-owned banks (Bank Exim, Bank Bumi Daya, Bank Dagang Negara and Bapindo) were merged into Bank Mandiri as part of the government's bank restructuring program.

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:

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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
Number of Deposit Accounts¹
  8,831  10,104  10,990  11,992  12,890  14,000
Number of Branches
  1,027   1,095   1,370   1,537   1,810   2,050
Number of ATMs     4,996   6,496   8,996  10,985  11,514

¹ in thousands
Source: Bank Mandiri, Annual Report 2013


Bank Mandiri's Financial Highlights:

     2008    2009    2010    2011    2012    2013
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  
Net Profit   5,313   7,155   9,218  12,246  15,504  18,204
Total Assets
358,439 394,617 449,775 551,892 635,619 733,099
Total Liabilities 327,925 359,508 408,232 489,237 559,086 644,309
Third Party Funds 289,112 319,550 362,212 422,250 482,914 556,341
Earnings per share¹  254,51  341,72  439,38  529,33  664,46  780,16
Non Performing Loan Ratio²
   4.7%    2.8%    2.4%    2.2%    1.7%    1.6%
Capital Adequacy Ratio (CAR)   15.7%   15.7%   13.4%   15.3%   15.5%   14.9%
Loan to Deposit Ratio (LDR)     59.2%   65.4%   71.7%   77.7%   83.0%
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 2013


Future Projection Bank Mandiri's Financial Highlights:

      2012     2013    2014F    2015F    2016F
Net Interest Income   27,531   32,777   36,247   40,203   44,912
Net Profit   15,504   18,204   19,463   21,218   23,420
PPOP   23,018   28,408   30,744   33,245   36,297
P/E Ratio (x)     15.8     13.4     12.6     11.5     10.4
PBV (x)      3.3      2.8      2.4      2.1      1.8

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

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

Location