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Indonesian bank From Wikipedia, the free encyclopedia
PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta,[2] is the largest bank in Indonesia in terms of assets, loans and deposits.[3] Total assets as of 2022, were 1.992 Trillion rupiah (around US$133 Billion). As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets.[4]
 Logo used since 2016 | |
Plaza Mandiri, the Bank Mandiri headquarters in Jakarta | |
| Company type | Public (Perseroan terbatas) |
|---|---|
| IDX: BMRI | |
| Industry | Financial services, banking |
| Predecessor |
|
| Founded | 2 October 1998 |
| Founder | Government of Indonesia by merging several of its state-owned banks |
| Headquarters | Jakarta, Indonesia |
Key people | Darmawan Junaidi, President Director Muhamad Chatib Basri, President Commissioner |
| Revenue |  Rp 72.2 trillion (2023) |
| Rp 74.64 trillion (2023) | |
| Rp 55.1 trillion (2023) | |
| Total assets | Rp 2,174 trillion (2023) |
| Total equity | Rp 260.852 trillion (2023) |
| Owner | Government of Indonesia (52%) |
Number of employees | 39,000 (2023) |
| Subsidiaries | Mandiri Sekuritas AXA Mandiri Bank Mandiri Taspen Mandiri Tunas Finance Mandiri Inhealth (80%) Bank Syariah Indonesia (51.2%) |
| Website | www |
| Footnotes / references [1] | |
As of December 2022, the bank had 2,364 branches spread across three different time zones in Indonesia and 7 branches abroad, about 13,027 automatic teller machines (ATMs), and 11 subsidiaries, such as: Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Mandiri Taspen, and Mandiri AXA General Insurance.[1]
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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, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. 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.
Bank Bumi Daya and Bank Ekspor Impor Indonesia was previously merged in 1965 by the Indonesian government under Guided Democracy into Bank Negara Indonesia (BNI) umbrella, 1968: The Indonesian government then reorganized the banks in 1968 as the New Order government took place.
In 1998, the government merged BBD, BDN, BankExim and Bapindo to create Bank Mandiri[5] to restructurize some state-owned banks to manage impacts of financial crisis at the time. Bank Mandiri was established on 2 October 1998, and the merged banks operated effectively as a single bank starting on 31 July 1999. The name Mandiri (Indonesian for "self-reliant" or "independent") was coined by President B. J. Habibie during his presidency, with the hope that the bank could become a self-reliant bank and encourage the people, especially who need microfinancing, to also become self-reliant.[6]
In 2004, the bank opened a branch in Dili, East Timor and a representative office in Shanghai, China.
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.[11]
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