Finance
PT Bank Mandiri (Persero) Tbk
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- Bangkok Bank buys Indonesia's Bank Permata for $2.7bn Dec 12, 2019
- Top Indonesian lender BCA buys Rabobank local unit for $28m Dec 12, 2019 See more articles on PT Bank Mandiri (Persero) Tbk
Company Background
Budi Sadikin is one of the strongest supporters of reform in Indonesia's banking industry. The CEO of the state-owned Bank Mandiri, who was formerly a manager at IBM's Tokyo headquarters, has been very vocal since financial regulators recently postponed Mandiri's acquisition plan of a smaller state-owned lender. He argues that Indonesia, which has 120 banks, should follow the path of Malaysia, which recently began a three-way merger to form the country's largest lender.
Sadikin's stance shows the power the government holds in decision making. While 40% of its shares are available to the public, Bank Mandiri, like many other state-owned enterprises, requires government approval for every proposal made at the bank's shareholders meetings.
Bank Mandiri was created in 1999 from the merger of four banks under a government restructuring effort after the Asian currency crisis. It went public in 2003 and is currently the country's largest bank by assets. It offers one-stop financial services, including brokerage services, asset management, insurance and Islamic finance.
Business Summary
PT Bank Mandiri (Persero) Tbk engages in providing general banking services. It operates through the following business segments: Corporate; Commercial; Retail; Treasury & Markets; Head Office; Subsidiaries-Insurance; and Other Subsidiary. The Corporate segment includes loans, deposits, and other transactions by corporate customers. The Commercial segment consists of loans, deposits, and other transactions by medium scale commercial and business banking customers. The Retail segment comprises of loans granted to business entities or individuals with micro-scale to small; and products or other services such as deposits, payment transactions, and other transactions belonging to micro and small customers. The Treasury & Markets segment offers treasury activities of the bank including foreign exchange, money market, and fixed income; and international banking, capital markets, and supervision of the foreign office. The Head Office segment manages the assets and liabilities of the group other than those managed by other operating segments. The Subsidiaries-Insurance segment covers all transactions conducted by subsidiaries engaged in life insurance, health insurance, and general insurance. The Other Subsidiary segment pertains all transactions subsidiaries engaged in consumer finance, remittance services, securities, and banking. The company was founded in 1824 and is headquartered in Jakarta, Indonesia.
Financial Highlights
| Dec 2020 | IDR | USD |
| Revenue | 124,580.31B | 8,567.11M |
| Gross Profit | -- | -- |
| Operating income | 23,658.64B | 1,626.95M |
| Income before tax | 23,298.04B | 1,602.15M |
| Net income | 17,119.25B | 1,177.25M |
| EBITDA | -- | -- |
| Diluted EPS | 367.11 | 0.02 |
| Dividends Per Share | 220.27 | 0.01 |
| Total Assets | 1,429.36T | 101,733.85M |
| Total liabilities | 1,235.56T | 87,940.54M |
| Total equity | 189,142.95B | 13,462.13M |
| Operating cash flow | 25,221.30B | 1,734.41M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 102,431.66B | 108,508.52B | 114,233.69B | 122,033.39B | 124,580.31B |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 18,406.77B | 27,203.06B | 33,945.97B | 36,260.03B | 23,658.64B |
| Income before tax | 18,572.96B | 27,156.86B | 33,943.36B | 36,441.44B | 23,298.04B |
| Net income | 13,806.56B | 20,639.68B | 25,015.02B | 27,482.13B | 17,119.25B |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 295.85 | 442.28 | 536.03 | 588.90 | 367.11 |
| Dividends Per Share | 133.13 | 199.02 | 241.21 | 353.34 | 220.27 |
| Total Assets | 1,038.82T | 1,124.98T | 1,202.38T | 1,318.50T | 1,429.36T |
| Total liabilities | 885,456.77B | 954,976.57B | 1,017.42T | 1,109.47T | 1,235.56T |
| Total equity | 150,453.93B | 166,718.84B | 181,202.51B | 204,600.85B | 189,142.95B |
| Operating cash flow | 45,608.65B | 34,908.32B | 37,201.65B | 46,252.28B | 25,221.30B |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 7,701.39M | 8,108.66M | 8,023.84M | 8,629.38M | 8,567.11M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 1,383.92M | 2,032.84M | 2,384.38M | 2,564.06M | 1,626.95M |
| Income before tax | 1,396.42M | 2,029.38M | 2,384.20M | 2,576.89M | 1,602.15M |
| Net income | 1,038.05M | 1,542.37M | 1,757.06M | 1,943.35M | 1,177.25M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.02 | 0.03 | 0.03 | 0.04 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Total Assets | 77,107.18M | 82,917.46M | 83,615.36M | 94,976.05M | 101,733.85M |
| Total liabilities | 65,723.27M | 70,387.06M | 70,753.03M | 79,918.63M | 87,940.54M |
| Total equity | 11,167.48M | 12,288.10M | 12,601.00M | 14,738.04M | 13,462.13M |
| Operating cash flow | 3,429.11M | 2,608.64M | 2,613.06M | 3,270.65M | 1,734.41M |
Valuation Measures
| Dec 2020 | |
| PER | 17.22 |
| ROA | 1.24% |
| ROE | 8.69% |
| Operating margin | 18.99% |
| Profit margin | 13.74% |
Key executives
- President Director: Darmawan Junaidi
- Director-Operation: Toni Eko Boy Subari
- Director-Finance & Strategies: Sigit Prastowo
- Director-Information Technology: Timothy Utama
- Director-Compliance & Human Resources: Agus Dwi Handaya
Shareholders
- Government of Indonesia (60%)
- The Vanguard Group, Inc. (1.2%)
- UBS Asset Management (Singapore) Ltd. (0.8%)
- Harris Associates LP (0.8%)
- BlackRock Fund Advisors (0.7%)
- APG Asset Management NV (0.6%)
- PT Schroder Investment Management Indonesia (0.6%)
- Fidelity Management & Research Co. LLC (0.6%)
- Lazard Asset Management LLC (0.5%)
- Capital Research & Management Co. (World Investors) (0.5%)
Contact Details
- Website:http://www.bankmandiri.co.id
- Address: Plaza Mandiri, Jalan Jenderal Gatot Subroto, Jakarta, 12190, Indonesia
- Phone: +62.21.52997777
Related Companies
- PT Pos Properti Indonesia
- PT Bank Syariah Indonesia Tbk
- Bank Mandiri Pension Fund
- PT Karya Citra Nusantara
- PT Mandiri Utama Finance
- PT Koexim Mandiri Finance
- PT Asrinda Arthasangga
- PT Bank Mandiri Persero (Broker)
- PT Mandiri Capital Indonesia
- PT Bank Pembangunan Daerah Bengkulu
- PT Mandiri AXA General Insurance
- PT Bank Mandiri (Persero) Tbk (Singapore)
- PT Bank Mandiri Persero Tbk (Cayman Islands Branch)
- PT Bank Mandiri Persero Tbk (Shanghai Branch)
- PT Bank Mandiri Persero Tbk (Hong Kong Branch)
- PT Asuransi Jiwa Inhealth Indonesia
- Bank Mandiri (Europe) Ltd.
- PT Mandiri Tunas Finance
- PT Pengelola Investama Mandiri
- PT Bank Mandiri Taspen Pos
- PT Tunas Financindo Sarana
- Bank Mandiri (Cayman Island Branch)
- PT Mandiri Sekuritas
Competitors
- PT Bank Rakyat Indonesia (Persero) Tbk Class B
- PT Bank Negara Indonesia (Persero) Tbk Class B
- PT Bank Danamon Indonesia Tbk Class A
- PT Bank CIMB Niaga Tbk Class A
- PT Bank Maybank Indonesia Tbk Class A
- PT Bank BTPN Tbk
- PT Bank Central Asia Tbk
- PT Bank Panin Dubai Syariah Tbk
- PT Bank Tabungan Negara (Persero) Tbk
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Last Updated on 2 Aug, 2021
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