About the Bank

Description

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%.