mandiri

Retail Asia28/02/2020

Axa Mandiri Financial Services, one of Indonesia’s major insurance companies, expects to maintain double-digit growth in premium income this year, by tapping into the large customer base of its parent company, Bank Mandiri. Axa Mandiri Financial Services (Axa Mandiri)’s president director Handojo G. Kusuma said that the insurer would market its products more intensively to customers of Bank […]

Retail Asia18/03/2019

Reit Lippo Malls Indonesia Retail Trust (LMIRT) plans to buy Lippo Mall Puri in West Jakarta for US$261.6 million. LMIRT Management, which runs LMIRT, said in a statement it has entered into a conditional sale-and-purchase agreement for the 115,600sqm mall, which will boost the Reit’s total net lettable area by about 10 per cent. Settlement […]

Retail Asia20/07/2017

Bank Mandiri, Indonesia’s largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth parked in the city-state. Indonesia’s nine-month tax amnesty program, in which the government allowed citizens to report previously hidden […]

Retail Asia07/07/2017

Bank Mandiri will expand operations in Malaysia by using its newly awarded status as a cross-regional lender, Indonesia’s largest state-owned bank said Thursday. Mandiri said it is the first bank in the region to be designated a qualified ASEAN bank — a concept developed by Association of Southeast Asian Nations members as part of an effort […]

Retail Asia05/06/2017

Indonesia’s largest lender Bank Mandiri wants a piece of the lucrative private banking business in Singapore, particularly the accounts of wealthy Indonesian clients. Recent reforms in Indonesia, including a successful tax amnesty, have made ultra-rich citizens less averse to banking with state-owned institutions, said Mandiri chief executive Kartika Wirjoatmodjo. “In the past, they were worried […]

Retail Asia27/04/2017

State lender Bank Mandiri posted a net profit of Rp4.1 trillion in the first quarter of 2017, up 6.9 percent from Rp3.8 trillion in the same period last year. One of the factors increasing the profit was the rise in the amount of financing as reflected by credit growth, which rose 14.2 percent to Rp656.2 […]

Retail Asia15/02/2017

State lender Bank Mandiri saw its net profit plunging by up to 32.1 percent to Rp13.8 trillion in 2016 from Rp20.3 trillion in 2015. The net profit fell, as the bank set aside its operating income to raise its provisions for loan loss coverage, following the rising ratio of non-performing loans (NPLs) to total gross […]

Retail Asia29/12/2016

State-owned Bank Mandiri has disbursed Rp1.2 trillion to state-owned railway firm PT KAI for the development of a double-track railway in South Sumatra. Senior Executive Vice President of Bank Mandiri Alexandra Askandar in the signing of the agreement with KAI on Tuesday said the special transaction loan has a term of 10 years. “The development […]

Retail Asia14/12/2016

The family of Rezky Yami Putri, 27, born with an imperfect three-fingered left hand half the size of a normal hand, was skeptical when she landed a job at Indonesia’s largest lender Bank Mandiri. They thought she was deceived, because such an achievement would be too good to be true for someone with “my condition”, […]

Retail Asia29/11/2016

State-owned lender Bank Mandiri has joined hands with chat app operator LINE Indonesia to integrate its Mandiri e-cash product with LINE pay service. The partnership is aimed at facilitating LINE users in carrying out electronic transactions. “E-cash transfer can now be done as easy as sending a text in chat app LINE,” Director for Banking […]

Retail Asia04/10/2016

State lender Bank Mandiri is preparing a syndicated loan of Rp4 trillion to build five airports in Indonesia in the fourth quarter of 2016, the banks corporate banking director, Royke Tumilaar, said. Bank Mandiri will lead the syndication of loans to state airport operator PT Angkasapura I which will develop the five airports, Royke stated […]

Retail Asia16/03/2016

NH Financial Group signed a memorandum of understanding (MOU) with Indonesia’s largest bank Bank Mandiri at Mandiri’s main office in Jakarta, Indonesia, on March 1 to cooperate in developing rural areas in the Southeast Asian country. Mandiri is the largest lender in Indonesia by assets, capital, loan and deposit balance, and the state-run bank with […]

Retail Asia03/08/2015

PT Bank Mandiri Tbk (BMRI), the largest bank by assets in Indonesia, is planning to tap the growing automotive credit market through a joint venture (JV) with a multifinance firm PT Mandiri Utama Finance (MUF). The bank plans to collaborate with automotive distribution company ASCO Automotive and Tunas Group for establishing the JV company. In the new JV, Bank Mandiri […]

Tag: mandiri

Axa Mandiri Lays Out Plans to Grow Premium Income

Lippo Mall Puri in West Jakarta sells

Mandiri aims to tap Singapore asset pool uncovered in tax hunt

Bank Mandiri to expand in Malaysia as first ‘ASEAN bank’

Indonesia’s Mandiri eyes Singapore private banking business

Bank Mandiri posts net profit of Rp4.1 trillion in Q1

Bank Mandiri`s net profit falls by 32.1 percent

Bank Mandiri disburses Rp1.2 trillion for double-track railway

Bank Mandiri eyes more disabled employees

Bank Mandiri Partners with LINE for E-transactions

Mandiri prepares syndicated loans of Rp4 trillion

NH Financial Group to Expand into Indonesia

Indonesia’s Bank Mandiri partners ASCO, Tunas for multifinance biz JV