- CEO
- Ahmad Riduan
- Full Time Employees
- 38,751
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Jalan Jenderal Sudirman Kav 54-55 Jakarta JK Indonesia 12190
- IPO Date
- Aug 14, 2009
- Business
- PT Bank Mandiri (Persero) Tbk (Bank Mandiri) is Indonesia's largest bank by assets, providing comprehensive commercial banking services including corporate banking, commercial banking, retail banking, treasury and international banking, and institutional relations; its core offerings encompass deposits such as demand deposits, savings accounts, time deposits, and certificates of deposit; lending products including working capital loans, investment loans, personal loans, mortgages, auto loans, SME and micro business financing, structured finance, trade finance facilities like letters of credit, bank guarantees, forfaiting, and export credit agency financing; payment and transaction services covering domestic and international transfers, cash management, remittances, securities lending and borrowing, escrow services, and custodian services; digital platforms such as Livin' by Mandiri for retail users, Kopra by Mandiri for wholesale cash management, trade and value chain services, and Livin' Merchant for MSMEs; as well as fee-based services including securities brokerage via PT Mandiri Sekuritas Indonesia, insurance through AXA Mandiri Financial Services, and wealth management products.
The bank operates primarily in Indonesia with international presence in Asia (Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai), Western Europe (England), and the Cayman Islands, serving corporate clients, SMEs, micro businesses, salaried individuals, government institutions, and financial institutions across sectors like energy, construction, agriculture, and manufacturing. Founded on October 2, 1998, through the merger of four state-owned banks (PT Bank Bumi Daya, PT Bank Dagang Negara, PT Bank Ekspor Impor Indonesia, and PT Bank Pembangunan Indonesia) as part of Indonesia's banking restructuring amid the 1998 financial crisis, Bank Mandiri is headquartered at Plaza Mandiri, Jl. Jend. Gatot Subroto Kav. 36-38, South Jakarta, Indonesia, with its headquarters relocated to Menara Mandiri in June 2025. It maintains 11 subsidiaries, including Bank Syariah Indonesia, PT Bank Mandiri Taspen, Bank Mandiri (Europe) Ltd, PT Mandiri Sekuritas Indonesia, and Mandiri Tunas Finance, fostering group-wide synergies for cross-selling and ecosystem-based growth.
In recent developments, Bank Mandiri advanced its digital transformation with major enhancements to Kopra by Mandiri, introducing AI-powered cash flow forecasting, liquidity tools, and one-hour trade finance processing, achieving $737.6 million in Q2 2025 transaction value (22% YoY growth) and serving over 30,000 corporate clients; Livin' by Mandiri expanded to 32.9-34 million users with 2.2 billion transactions and Rp 2,600 trillion value as of late 2023-2025; and Livin' Sukha 2.0 launched for lifestyle transactions. The bank intensified ecosystem synergy under its 2024-2025 "Growth through Digital and Ecosystem Synergy" strategy, emphasizing wholesale dominance beyond lending via structured finance and transaction banking, sustainable SME/micro growth with data analytics and fintech partnerships, retail expansion through payroll and digital CASA, and subsidiary alignment including Mandiri Sekuritas' RDN integration with Livin'. It renewed its role as Payment Bank and RDN Administrator for Indonesia's capital market (2024-2029), channeled Rp 19.33 trillion in KUR MSME loans by mid-2024, led green financing at Rp 115 trillion, issued a IDR 10 trillion Domestic Green Bond (valid to 2025), and underwent a leadership reshuffle in August 2025 alongside a PwC partnership for wealth advisory managing over Rp 300 trillion. These initiatives supported robust 2023-2025 performance, including 16.29% YoY loan growth to Rp 1,398 trillion, 9.12% asset growth to Rp 2,174 trillion, and net profit up 33.7% YoY to IDR 55.1 trillion, with ongoing wholesale loan expansion at 14.7% YoY in Q3 2025.