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Finance

PT Bank Mandiri (Persero) Tbk

  • 6,750.00 IDR
  • -100.00
  • -1.46%
  • Indonesia
    Sep 21, 2018
  • Ticker
    JKT(BMRI)
  • Prev. close
    6,850
  • Market cap (IDR)
    319,667.00B
  • Market cap (USD)
    21,573.60M
  • Shares
    46,666.70M

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-Sharia; Subsidiaries-Insurance; and Subsidiary-Other Than Insurance and Sharia. 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 Subsidiary-Sharia segment deals with all transactions conducted by subsidiary engaged in sharia banking. The Subsidiaries-Insurance segment covers all transactions conducted by subsidiaries engaged in life insurance, health insurance, and general insurance. The Subsidiary-Other Than Sharia and Insurance segment pertains all transactions subsidiaries engaged in consumer finance, remittance services, securities, and banking. The company was founded on October 2, 1998 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue108,508.52B8,108.66M
Gross Profit----
Operating income27,203.06B2,032.84M
Income before tax27,156.86B2,029.38M
Net income20,639.68B1,542.37M
EBITDA----
Diluted EPS442.280.03
Dividends Per Share199.020.01
Total Assets1,124.98T82,917.46M
Total liabilities954,976.57B70,387.06M
Total equity166,718.84B12,288.10M
Operating cash flow34,908.32B2,608.64M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 68,713.37B 84,527.68B 99,771.19B 102,431.66B 108,508.52B
Gross Profit -- -- -- -- --
Operating income 23,600.96B 25,925.14B 26,360.37B 18,406.77B 27,203.06B
Income before tax 24,061.83B 26,008.01B 26,369.43B 18,572.96B 27,156.86B
Net income 18,203.75B 19,871.87B 20,334.96B 13,806.56B 20,639.68B
EBITDA -- -- -- -- --
Diluted EPS 390.08 425.82 435.75 295.85 442.28
Dividends Per Share 117.02 106.45 130.72 133.13 199.02
Total Assets 733,099.76B 855,039.67B 910,063.40B 1,038.82T 1,124.98T
Total liabilities 644,309.16B 750,195.11B 790,571.56B 885,456.77B 954,976.57B
Total equity 87,419.23B 102,657.88B 117,070.29B 150,453.93B 166,718.84B
Operating cash flow 18,631.15B 11,699.80B 23,439.35B 45,608.65B 34,908.32B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,576.70M 7,124.83M 7,447.14M 7,701.39M 8,108.66M
Gross Profit -- -- -- -- --
Operating income 2,258.90M 2,185.23M 1,967.59M 1,383.92M 2,032.84M
Income before tax 2,303.01M 2,192.21M 1,968.27M 1,396.42M 2,029.38M
Net income 1,742.32M 1,674.99M 1,517.84M 1,038.05M 1,542.37M
EBITDA -- -- -- -- --
Diluted EPS 0.03 0.03 0.03 0.02 0.03
Dividends Per Share 0.01 0.00 0.00 0.01 0.01
Total Assets 60,238.26M 69,038.32M 66,018.38M 77,107.18M 82,917.46M
Total liabilities 52,942.41M 60,572.88M 57,350.13M 65,723.27M 70,387.06M
Total equity 7,183.17M 8,288.88M 8,492.58M 11,167.48M 12,288.10M
Operating cash flow 1,783.22M 986.17M 1,749.56M 3,429.11M 2,608.64M

Valuation Measures

Dec 2017
PER18.08
ROA1.90%
ROE13.01%
Operating margin25.06%
Profit margin19.02%

Key executives

  • President Director: Kartika Wirjoatmodjo
  • Finance Director: Panji Irawan
  • Director-Information Technology & Operations: Rico Usthavia Franz
  • Director-Risk Management & Compliance: Ahmad Siddik Badruddin
  • Compliance Director: Agus Dwi Handaya

Shareholders

  • Government of Indonesia (60%)
  • Harris Associates LP (2.8%)
  • The Vanguard Group, Inc. (1.3%)
  • Lazard Asset Management LLC (1.2%)
  • OppenheimerFunds, Inc. (1.1%)
  • Norges Bank Investment Management (1.1%)
  • BlackRock Fund Advisors (0.8%)
  • BlackRock Asset Management North Asia Ltd. (0.7%)
  • PT Schroder Investment Management Indonesia (0.7%)
  • APG Asset Management NV (0.5%)

Contact Details

Related Companies

  • 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
  • PT Mandiri Manajemen Investasi
  • Bank Mandiri (Europe) Ltd.
  • PT Mandiri Tunas Finance
  • PT Pengelola Investama Mandiri
  • PT Bank Mandiri Taspen Pos
  • PT Tunas Financindo Sarana
  • PT Bank Syariah Mandiri
  • PT Industri Soda Indonesia
  • Bank Mandiri (Cayman Island Branch)
  • PT Mandiri Sekuritas

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
Last Updated on 21 Sep, 2018

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