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Bank Mandiri - Wikipedia, the free encyclopedia Bank Mandiri is the largest bank in Indonesia. The Indonesian government created it in 1999 to amalgamate four older government-owned banks that had failed in 1998. During the amalgamation and reorganization, the government reduced the number of branches by 194 and the number of personnel from 26,600 to 17,620. en.wikipedia.org /wiki/Bank_Mandiri   (314 words)

The Fate of the Forests   (Site not responding. Last check: 2007-10-08) Bank Mandiri holds at least $1.3 billion in corporate debts associated with Indonesia's forestry conglomerates. Bank Mandiri's write-off of forestry debt is the latest in a long series of government subsidies to Indonesia's timber sector that started shortly after Suharto, the country's second president, came to power in the late-1960s. By subsidizing the activities of Indonesia's forestry companies on this scale, IBRA and Bank Mandiri are enabling the timber, plywood and pulp industries to continue, or in some cases to expand, their unsustainable and often illegal logging. multinationalmonitor.org /mm2003/03november/nov03corp2.html   (3375 words)

Asia Times - Bank Mandiri share sale goes ahead Bank Mandiri, which began operations in August 1999, was formed from the wreckage of four state banks that had been devastated by the East Asian financial crisis of 1997 and 1998. Bank Mandiri is also the country's most heavily recapitalized bank, holding 27 percent of the $66 billion of government bank-recapitalization bonds that the government injected to bank balance sheets to replace the problem loans taken over by the Indonesian Bank Restructuring Agency (IBRA) when 67 banks were shut or taken over by the government. Mandiri's assets, currently worth about Rp260 trillion, equate to a quarter of Indonesia's total banking assets, but some 60 percent of these assets are in recapitalization bonds and other securities. www.atimes.com /atimes/Southeast_Asia/EG04Ae02.html   (1428 words)

Alexander's Gas & Oil Connections - Indonesia restructuring banking sector   (Site not responding. Last check: 2007-10-08) The government is to strengthen the capital structure of Bank Mandiri, he said, adding that it has also appointed Deutsche Bank as adviser and consultant to help restructure the country's non-listed troubled banks. The 7 private banks were placed under the Indonesian Banking Restructuring Agency (IBRA) supervision on April 4 because they had received over 2 trillion Rupiah ($ 200 mm) of Bank Indonesia, the central bank, liquidity credits, 500 % more than their assets. Banking reform is one of the top priorities set by the government and the IMF under an IMF-led $ 43 bn bailout agreement. www.gasandoil.com /goc/news/nts84294.htm   (301 words)

Corfina NEWS Clips - 16 July 2001 Bank Indonesia has held a consultation meeting with the Ministry of Finance and Indonesian Banking Recovery Agency (IBRA), and they concluded that today, July 13, 2001 BII was transferred into Bank Under Recovery (BDP) by IBRA. Bank Mandiri has commenced its due diligence process, which will take a period of months before moving to the next stage of the acquisition The transfer of BII from BI to IBRA is an anticipative step taken to enable the administrative transfer of credit “SMG” to IBRA, in accordance with the Government Regulation Nr. Therefore the Government and Bank Indonesia request all customers, depositors and debtors, as well as all members of the communities related to BII operations to remain calm, because BII will continue to operate as usual and the steps taken over BII is to enable the bank continuing its activities in a sound manner. www.corfina.com /financial_news/july_01/july_16_01.htm   (660 words)

The Jakarta Post - The Journal of Indonesia Today   (Site not responding. Last check: 2007-10-08) State-controlled Bank Mandiri, the country's largest bank in terms of assets, has proposed that it should merge with smaller, rival banks before 2007 in a bid to become the leader in the local banking industry and a prominent player in the region. Mandiri president E.C.W. Neloe said a merger with other banks was part of the bank's plan to become an international player, as recommended by the Indonesian Banking Landscape (API), a blueprint for the future of the banking industry produced recently by the central bank. Mandiri's merger plan comes on the heels of the proposal by another state-owned bank, Bank Negara Indonesia (BNI), to merge with Bank Permata so as to strengthen its financial capabilities and expand its business. www.thejakartapost.com /yesterdaydetail.asp?fileid=20040506.L02&irec=1   (510 words)

Asiaweek.com Bank Mandiri represents the prototype for this massive effort, the first of what promises to be several merged and reconditioned banks in Indonesia. Bank Mandiri's consultant coaches are determined that the mistakes of the past won't be repeated. The nation's central bank, Bank Indonesia, lacks credibility with foreign lenders because it has utterly failed to supervise bank lending in the past. www.asiaweek.com /asiaweek/99/0813/biz2.html   (923 words)

China Systems Corporation - News and Featured Articles Much more, Bank Mandiri feels that it is an appropriate and timely occasion to acknowledge the significant efforts given by their business partners, in a collaborative campaign. According to Bank Mandiri, the relationships they have with their business partners are built on trust, hard work, working for mutual benefit and sharing information. Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits. www.chinasystems.com /news/102004   (253 words)

Mandiri's mission   (Site not responding. Last check: 2007-10-08) In banking circles Neloe cut a much less imposing figure than Djohan, a colorful CEO who had a garage full of Harley-Davidson motorcycles, and in some quarters he was seen as a less effective executive--unable, perhaps, to prevent Bank Mandiri from being used for state purposes or to push forward needed business reforms. Bank Rakyat Indonesia holds the biggest share with 16 percent; Bank Tabungan Negara is second with 12 percent; and Bank Danamon is next with 8 percent, followed by BNI with 6 percent. MANDIRI HAS CERTAINLY MADE PROGRESS SINCE October 1998, when it was created from the combination of Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia; the four state-owned institutions primarily lent money to corporations and government entities, and their poorly trained staffs often paid scant attention to repayment prospects. www.gecfmediawatch.com /asia/Mandirismission.shtml   (3803 words)

ITApps eNewsletter - July 2002 - Indonesia's largest bank chooses ITApps to build new Help Desk   (Site not responding. Last check: 2007-10-08) The Bank recognizes that to be a leader in banking it has to be a leader in technology. Located in Bank Mandiri's Command Center in Jakarta, the new help desk facilitates the Bank's back office operations by ensuring the high availability of its banking system. Bank Mandiri is the largest bank in Indonesia in terms of total assets, loans and deposits. www.itapps.com /enewsltr/jul_02/jul02_2.html   (192 words)

Asia Business Today   (Site not responding. Last check: 2007-10-08) What is expected to be a small-sized, three to five year issue represents a major strategic move for the bank as it prepares for listing on the Jakarta Stock Exchange next year and on a wider level, a first test of investors' faith in the Megawati government. Bank Mandiri also has benchmarks of its own in the Asian bank market, where two of its four constituent banks have outstanding FRN's. The Bank was formed in July 1999 through the merger of four state-owned banks — Bank Dagang Negara Indonesia (BDNI), Bank Bumi Daya (BBD), Bapindo and Bank Ekspor-Impor (BEI). www.asiabusinesstoday.org /briefings/index.cfm?id=64888   (699 words)

FSVC: News   (Site not responding. Last check: 2007-10-08) Bank Mandiri has once again requested that FSVC arrange a similar training program for September 2004 to help develop the Bank's consumer lending portfolio, particularly in the areas of credit card services, auto finance, and residential mortgage lending. Participants in the Indonesian training program are decision-makers from the ranks of Bank Mandiri's middle management who are expected to obtain key executive positions in the future. This conforms to Bank Mandiri's strategic objective of expanding its 'retail' lending business, while also serving the important economic objective of expanding the availability of credit in these three critical areas of the Indonesian economy. www.fsvc.org /news/News.asp?FilterUID=860   (559 words)

Tanri: Still far away, realization of the Power Bank -- Selasa, 30 Maret 1999 He also clarified that the scenario to hide rottenness of the bank or bad credits of a number of important persons, because of a central figure accused of participating in compiling that scenario, including the Coordinating Minister of Economy, Finance and Industry Ginandjar Kartasasmita was actually totally untrue. He clarified that the Power Bank idea was fore the first time launched by the President Director of Bank Mandiri Roby Djohan at the meeting with President BJ Habibie on March 5, where Tanri Abeng was present too. Besides that it needs to be made mature, Tanri himself evaluated that the idea had to be discussed by the government because some banks which were to be involved were at the recapitalization stage, BTO by the government or even liquidated. www.kompas.com /kompas-cetak/9903/30/ENGLISH/tant.htm   (1014 words)

Economic and Financial Highlight, April 2005 The banking community believes that more syndicates are needed, although Pramono admitted that some banks are still reluctant to join due to the problems in restructuring syndicated loans after the financial crisis. On April 19, local bank Bank NISP postponed the issuance of Rp 750 billion (USD 77 million) of bonds. Bank Danamon Indonesia (Danamon) postponed a Rp 2.5 trillion (USD 260 million) bond issuance on April 14. www.usembassyjakarta.org /econ/financial_april05.html   (2124 words)

The Boston Group - Press Releases Bank Mandiri, Indonesia has awarded it a 3-year contract to provide enterprise learning & training solutions. Established in October 1998, in the aftermath of the Asian financial crisis of 1997 and 1998, Bank Mandiri is a product of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor and Bank Pembangunan Indonesia. The Bank Mandiri Management inherited a total of nine different technology platforms from the four legacy banks. www.thebostongroup.com /media/bmawards.asp   (469 words)

IntraLearn - Press Release To deliver this large e-Learning project for Bank Mandiri, IntraLearn Asia has partnered with P.T. Mitra Integrasi Komputindo (MIK), which is a leading IT integration and consulting services firm based in Jakarta. Bank Mandiri is a product of the merger of four state-owned banks that took place in October 1998, in the aftermath of the financial crisis of 1997-1998. The bank intends to have two co-located installations hosted for them with fail-over and load balancing. www.intralearn.com /4010_PR-BankMandiri.asp   (410 words)

Global Finance: Indonesia: Bank Mandiri But with ethnic tensions still seething throughout the 212 million strong archipelago-and the country still struggling under the debt burdens accumulated in the run up to the 1997 financial crisis-few are yet prepared to call a turn. Bank Mandiri, at least, is in good shape. Since it was formed in August 1999 from four state banks, the institution has been thoroughly overhauled. www.findarticles.com /p/articles/mi_qa3715/is_200110/ai_n8960147   (332 words)

Careers at Bank Mandiri :: Interview with Bank Mandiri   (Site not responding. Last check: 2007-10-08) With a net profit of Rp 1.17 trillion as of March 31, 2002 (an increase of 270% from same period 2001), Bank Mandiri is the most profitable bank in Indonesia. Bank Mandiri is also one of the best capitalized banks in Asia with a Capital Adequacy Ratio (CAR) of more than 27%, several times the 8% required by the Bank of International Settlements (BIS). Through the efforts of its more that 17,500 employeess Bank Mandiri provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia. www.interviewat.com /bank-mandiri   (238 words)

Indonesia's Bank Mandiri to review 300 mln usd global bond offer plan - report - Forbes.com   (Site not responding. Last check: 2007-10-08) Bank Mandiri has so far sold only 200 mln usd worth of bonds since then. Last year, the bank cancelled a plan to issue 150 mln usd eurobonds as it felt it had sufficient liquidity. Bank Mandiri is the country's largest bank with total assets of 248.2 trln rupiah. www.forbes.com /finance/feeds/afx/2005/05/22/afx2046152.html   (539 words)

Indonesia central bank approves Bank Mandiri's 300 mln usd bond sale - report - Forbes.com   (Site not responding. Last check: 2007-10-08) The bank had initially planned to sell the bonds in the first quarter of this year but the plan was delayed due to late approval from the central bank. A number of local banks have recently postponed their bond sales due to unfavorable market conditions as buyers have been seeking high coupon rates due to the rising interest rates. Bank Mandiri president ECW Neloe, who was yesterday named as a suspect together with two directors in the probe into irregular loans involving the bank, had said earlier that the bank is seeking an opportunity to acquire other banks in efforts to expand its network in preparation for its plan to become an international bank. www.forbes.com /markets/feeds/afx/2005/05/11/afx2020303.html   (578 words)

FT.com / By region / Asia-Pacific - Bank Mandiri profits fall 70%   (Site not responding. Last check: 2007-10-08) Indonesia's Bank Mandiri saw a 70 per cent drop in first-quarter net profit, adding to the woes of the country's biggest bank as it grapples with a corruption scandal that has led to the arrest of its former president and two senior officials. Profits dropped from Rp1,740bn ($183m) in the first quarter last year to Rp519bn after the bank was forced by Bank Indonesia to use a new system to assess its asset quality. Gross non-performing loans now make up 17.8 per cent of total assets while the net NPL ratio was 10.3 per cent - more than double the 5 per cent benchmark set by Bank Indonesia. www.ft.com /cms/s/384f15b8-d239-11d9-8c82-00000e2511c8.html   (140 words)

FSVC: News   (Site not responding. Last check: 2007-10-08) The bankers will then participate in two-week internships at banks across the United States with specializations in SME lending, where they will apply the theoretical aspects introduced during the seminars. They will witness the SME loan operations of US banks from the inside and see how attention to regulatory, prudential, and customer issues make these banks profitable institutions as well as trusted members of their communities. The interns from Bank Mandiri will take away an arsenal of technical skills, a deep understanding of the American banking system, and practical plans for supporting development of a robust SME sector in Indonesia. www.fsvc.org /news/News.asp?FilterUID=719   (495 words)

Indonesian Investment Highlights: Bank Mandiri of Surabaya posts a profit of Rp 367.2 billion.@ HighBeam Research   (Site not responding. Last check: 2007-10-08) Bank Mandiri of Surabaya posts a profit of Rp 367.2 billion. Bank Mandiri of Surabaya branch posted a profit of Rp367.2 billion in the first 7 months of this year and some Rp120 billion of its non performing cresdits have been written off. The profit was 178% of its target of Rp205.37 billion for that period. www.highbeam.com /library/doc0.asp?DOCID=1G1:79147857&refid=holomed_1   (178 words)

FT.com / By industry / Financial services - Bank Mandiri trial draws closer   (Site not responding. Last check: 2007-10-08) The former chief executive of Bank Mandiri, Indonesia’s largest lender, is expected to go on trial within weeks after prosecutors on Tuesday filed an indictment with a Jakarta court accusing him and two other executives of corruption-related charges. ECW “Eddie” Neloe, Mandiri’s former president and chief executive, and the two other executives were detained in May amid a wide-ranging investigation by prosecutors into up to $1.2bn in loans extended by Mandiri. Bad loans and scandals hit profits at Bank Mandiri news.ft.com /cms/s/845e78c4-2f7f-11da-8b51-00000e2511c8.html   (113 words)

PR Newswire: Western Union Signs Deal With Leading Bank in Indonesia.@ HighBeam Research   (Site not responding. Last check: 2007-10-08) Addition of Bank Mandiri Adds 630 Locations To Western Union's International Agent Network Western Union Financial Services, Inc., a subsidiary of First Data Corp., announced the signing of a money transfer agreement with Bank Mandiri Indonesia, the nation's largest bank in terms of assets, loans and deposits. The addition of Bank Mandiri will bring Western Union's total number of Indonesian agent locations to more than 2,000. www.highbeam.com /library/doc0.asp?DOCID=1G1:132324016&refid=holomed_1   (212 words)

Bank Mandiri > Index Bank Mandiri’s Statement in Response to Announcement by the Attorney General Office Bank Mandiri 9M 2004 Net Profit Rp 4.5 trillion, Up 19.0% PT Bank Mandiri (Persero) Tbk - Q3 2004 Results WebCast www.bankmandiri.co.id /english/index.asp   (70 words)

S&P: Ratings on Bank Mandiri not affected by scandal | newratings.com   (Site not responding. Last check: 2007-10-08) SandP: Ratings on Bank Mandiri not affected by scandal SandP: Ratings on Bank Mandiri not affected by scandal Tuesday, May 31, 2005 4:17:14 AM ET LexisNexis www.newratings.com /analyst_news/article_848752.html   (132 words)

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