As a key step in the restructuring and recapitalization of the Indonesian banking sector,
four state-owned banks (Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, Bank Pembangunan Indonesia)
were amalgamated into Bank Mandiri on 31 July 1999.
Following this merger, the government of the Republic of Indonesia divested 20% of its shareholdings in Bank Mandiri through IPO
(JSX: BMRI) on July 2003. On 11 March 2004, the government of the Republic of Indonesia divested an additional 10% of its
shareholding in Bank Mandiri through a secondary offering.
Bank Mandiri is Indonesia's largest bank in terms of assets, loans, and deposits. As of 31 December 2005, our total assets of
Rp. 254.3 trillion (US$25.9 billion) accounted for an 18% share of total assets of Indonesian banking system. Customer deposits
of Rp 199 trillion represent at 17.6% national share of total deposits, with our national share saving deposits at 16% and our natonal share of time deposits at 19.1%.
Hong Kong Branch
PT. Bank Mandiri (Persero) Tbk, Hong Kong Branch is registered under the Hong Kong Banking Ordinance as a Restricted Licence Bank and is principally engaged in deposit taking, trade services, commercial lending, and other financial services as well.