Bank Mandiri

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PT Bank Mandiri (Persero) Tbk.
Public company
Traded as IDXBMRI
Industry Financial services, banking
Predecessor Bank Bumi Daya
Bank Dagang Negara
Bank Ekspor Impor
Bank Pembangunan Indonesia
Founded Jakarta, Indonesia (2 October 1998)
Founder Government of Indonesia
Headquarters Jakarta, Indonesia
Key people
Kartika Wirjoatmodjo, CEO Hartadi A Sarwono, President Commissioner
Revenue Increase Rp 74.53 trillion (2016)[1]
Increase Rp 18.612 trillion (2016)[2]
Decrease Rp 13.8 trillion (2016)[1]
AUM Rp 33.53 trillion (2016)[3]
Total assets Increase Rp 1038 trillion (2016)[3]
Total equity Increase Rp 149.3 trillion (2016)[3]
Number of employees
38,940 (2016)
Subsidiaries Bank Syariah Mandiri
Mandiri Sekuritas
AXA Mandiri
Bank Sinar Harapan Bali
Mandiri Tunas Finance
Asuransi Jiwa InHealth Indonesia

PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta,[4] is the largest bank in Indonesia in terms of assets, loans and deposits.[5] Total assets as of Q3 2012 were IDR 588.4 trillion (around USD 59.8 billion). It also had a Capital Adequacy Ratio (CAR) of 16.08% (including market risk), Return on Asset (RoA) of 3.45%, and Return on Equity (RoE) of 22.18%. As of September 2012, Bank Mandiri was the largest bank in Indonesia by total assets.

As of September 2012, the bank had 1,733 branches spread across three different time zones in Indonesia and six branches abroad, about 11,000 Automatic Teller Machines (ATMs), and six principal subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Sinar Harapan Bali, and Mandiri AXA General Insurance.


Museum Mandiri, the former building of Nederlandsche Handel-Maatschappij that was nationalised after the independence period.
The former logo of Bank Mandiri, used until January 2008.

Bank Mandiri is the result of the merger made by Indonesian Government from four older government-owned banks that 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 reorganisation, 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 nationalised Nationale Handelsbank's operations in Indonesia and from them created Bank Umum Negara.
  • 1960: The Indonesia government nationalised the Indonesian operations of two more Dutch banks. It used Nederlandsche Handel-Maatschappij'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 specialised in medium and long-term financing of manufacturing, tourism and transportation.
  • 1964: The Indonesia government nationalised Chartered Bank's operations in Indonesia and merged them into Bank Umum Negara. Chartered Bank, 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 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 reorganised 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 specialised in trade finance.
  • 1986: Bapindo expanded into general commercial banking.
  • 1999: The government merged Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia to create Bank Mandiri.[6]
  • 2004: The bank opened a branch in Dili (East Timor), and a representative office in Shanghai (China).

Board of directors[edit]

  • President Director : Kartika Wirjoatmodjo
  • Vice-President Director : Sulaiman Arif Arianto
  • Director Operations : Ogi Prastomiyono
  • Director : Darmawan Junaidi
  • Director : Royke Tumilaar
  • Director Distributions: Hery Gunardi
  • Director Retail Banking: Tardi
  • Director Risk Management & Compliance: Ahmad Siddik Badruddin
  • Director : Kartini Sally
  • Director : Rico Usthavia Frans


Headquarter of Bank Mandiri in Jakarta

Consumer Banking[edit]

  1. Mandiri Savings:
    • Mandiri Saving Account
    • Mandiri Business Saving
    • Mandiri Plan Saving
    • Mandiri Hajj Saving
    • Mandiri Foreign Currency Saving
  2. Mandiri Current account
    • Mandiri Current Account
  3. Mandiri Deposit
    • Mandiri Deposit
    • Mandiri Foreign Currency Deposit
  4. Mandiri Debit
    • Mandiri Debit
  5. Mandiri Prepaid
    • GazCard
    • Indomaret Card
    • E-toll Card
  6. Mandiri Credit card
  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 Relations Program
  9. Investment Products
  10. Bancassurance
    • Mandiri Investasi Sejahtera
    • Mandiri Jiwa Sejahtera
    • Mandiri Rencana Sejahtera
  11. Retail Brokerage Service
    • Retail Brokerage
  12. Consumer Banking Treasury (CBT)

International Subsidiaries[edit]

Principal Subsidiaries[edit]

  • 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)[9]
  • AXA Mandiri Financial Services
  • Bank Sinar Harapan Bali (BSHB)
  • Mandiri Tunas Finance
  • Mandiri AXA General Insurance
  • Asuransi Jiwa InHealth Indonesia


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.[10]


  • 1998–2005: Bank Terpercaya Pilihan Anda
  • 2003–2005: Satu Hati, Satu Negeri, Satu Bank
  • 2005–2008: Melayani Dengan Hati, Menuju yang Terbaik
  • 2008–present: Terdepan, Terpercaya, Tumbuh Bersama Anda
  • 2009–2010: Menembus Batas Keinginan
  • 2010–2012: Menjawab Setiap Keinginan
  • 2012–present: Apapun Keinginan Anda, Mandiri Saja

==SWIFT and Bank CODE

SWIFT : BMRIIDJA Bank Code: 088

See also[edit]


External links[edit]