Asia300

PT Bank Mandiri (Persero) Tbk

Indonesia

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Feb 15, 2018
Prev close: 8,300
Feb 15, 2018
Market cap:
Market cap(USD):
387,333B
28,567.6M
Shares: 46,666.7M

Currency in IDR

Company profile

Market(Ticker): JKT(BMRI)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 38,307

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.

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.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 108,508.52B
Gross profit --
Operating income 27,127.07B
Income before tax 27,156.86B
Net income 20,639.68B
EBITDA --
Diluted EPS 442.28
Dividends per share --
Total assets 1,124.98T
Total liabilities 954,976.57B
Total equity 166,718.84B
Operating cash flow 34,908.32B

Currency in IDR

Revenue 8,108.66M
Gross profit --
Operating income 2,027.16M
Income before tax 2,029.38M
Net income 1,542.37M
EBITDA --
Diluted EPS 0.03
Dividends per share --
Total assets 82,917.46M
Total liabilities 70,387.06M
Total equity 12,288.10M
Operating cash flow 2,608.64M

Currency in USD

Valuation measures

Dec 2017

PER 18.08
ROA 1.90%
ROE 13.01%
Operating margin 24.99%
Profit margin 19.02%

Key executive

  • President Director & Chief Financial Officer: Kartika Wirjoatmodjo
  • Operations Director: Ogi Prastomiyono
  • Director-Digital Banking & Technology: Rico Usthavia Franz
  • Director-Risk Management & Compliance: Ahmad Siddik Badruddin
  • Chief Audit Executive, SEVP & Head-Internal Audit: Mustaslimah

Share holders

  • Government of Indonesia(60%)
  • Harris Associates LP(3.2%)
  • The Vanguard Group, Inc.(1.3%)
  • Lazard Asset Management LLC(1.3%)
  • OppenheimerFunds, Inc.(1.1%)
  • BlackRock Fund Advisors(0.8%)
  • PT Schroder Investment Management Indonesia(0.8%)
  • Norges Bank Investment Management(0.8%)
  • Dimensional Fund Advisors LP(0.6%)
  • APG Asset Management NV(0.4%)

Address

  • Website: http://www.bankmandiri.co.id
  • Address: Plaza Mandiri, Jalan Jenderal Gatot Subroto, Jakarta, 12190, Indonesia
  • Phone: +62.21.526.5085

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