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
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 | -- | -- |
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 | -- |
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 | -- |
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: Rico Usthavia Franz
- Director-Compliance & Human Resources: Agus Dwi Handaya
Shareholders
- Government of Indonesia (60%)
- The Vanguard Group, Inc. (1.2%)
- Harris Associates LP (0.8%)
- Lazard Asset Management LLC (0.7%)
- UBS Asset Management (Singapore) Ltd. (0.7%)
- Norges Bank Investment Management (0.7%)
- BlackRock Fund Advisors (0.6%)
- Capital Research & Management Co. (World Investors) (0.6%)
- APG Asset Management NV (0.5%)
- Fidelity Management & Research Co. LLC (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
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- PT Bank Mandiri Persero (Broker)
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- PT Bank Mandiri (Persero) Tbk (Singapore)
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- PT Bank Mandiri Persero Tbk (Shanghai Branch)
- PT Bank Mandiri Persero Tbk (Hong Kong Branch)
- PT Asuransi Jiwa Inhealth Indonesia
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- PT Mandiri Tunas Finance
- PT Pengelola Investama Mandiri
- PT Bank Mandiri Taspen Pos
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- Bank Mandiri (Cayman Island Branch)
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Competitors
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