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

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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
Number of Deposit Accounts¹
  8,831  10,104  10,990  11,992  12,890
Number of Branches
  1,027   1,095   1,370   1,537   1,810

¹ in thousands
Source: Bank Mandiri, Annual Report 2012


Bank Mandiri's Financial Highlights:

      2008     2009     2010     2011     2012
Net Interest Income   14,800   16,777   20,072   23,591   29,694
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
Total Assets
 358,439  394,617  449,775  551,892  635,619
Total Liabilities  327,925  359,508  408,232  489,237  559,086
Earnings per share¹   254.51   341.72   439.38   529.33   664.46
Non Performing Loan Ratio²
    4.7%     2.8%     2.4%     2.2%     1.9%
Capital Adequacy Ratio (CAR)    15.7%    15.7%    13.4%    15.0%    15.3%
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 2012


Future Projection Bank Mandiri's Financial Highlights:

      2011     2012    2013F    2014F    2015F
Net Interest Income   23,591   29,694   30,379   34,142   40,430
Net Profit   12,246   15,504   17,223   19,587   23,504
Earnings per share¹   529.33   664.46   738.00   839.00  1,007.0
P/E Ratio (x)    15.8    12.5    11.2     9.9     8.2

in billion IDR rupiah, except otherwise stated
¹ in IDR rupiah
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