Jakarta, 16 March 2015 - Bank Mandiri's shareholders have approved the company's financial statements for the financial year ended 31 December 2014. Their approval has confirmed Bank Mandiri's position as the largest bank in Indonesia, with assets of Rp 855 trillion, and one that is now ready to take on the Asean market. By the end of 2015, Mandiri expects to have Rp 1,000 trillion in assets, which will facilitate its quicker expansion into Asean.
Bank Mandiri's Annual General Meeting of Shareholders (AGM) also approved a dividend payment of 25% of 2014's net profit, or equals to Rp 4.96 trillion.
Bank Mandiri CEO Budi G. Sadikin said that the dividend was an expression of appreciation for the shareholders, who had supported the Bank's financial performance throughout 2014.
"It is also in line with our commitment to providing excellent total returns to our shareholders and to the continuing growth of the Bank in the future in accordance with our business plan," said Budi.
He said that the Bank's commissioners and directors were fully committed to pushing ahead with the third phase of the Mandiri transformation program so as to become the best bank in ASEAN by 2020. At the AGM, which was held on 16 March 2015, the shareholders appointed Darmin Nasution as chief commissioner, succeeding Mahmuddin Yasin, who had earlier submitted his resignation. In addition, Imam Apriyanto Putro was appointed as deputy chief commissioner, Suwhono and Askolani as commissioners and Aviliani, Goei Siauw Hong, Abdul Aziz, Bangun Sarwito Kusmuljono and Cahaya Dwi Rembulan Sinaga as independent commissioners.
In addition, the shareholders approved the appointment of the following new directors; Budi Gunadi Sadikin as CEO and Sulaiman Arif Arianto as Deputy CEO, and Sentot A. Sentausa, Ogi Prastomiyono, Pahala Nugraha Mansury, Royke Tumilaar, Hery Gunardi, Tardi, Ahmad Siddik Badruddin, Kartini Sally and Kartiko Wirjoatmodjo as directors.
Bank Mandiri, said Budi, has a good organizational management system, so that changes in company management will not affect its performance or derail the transformation process. In addition, with its new management the Bank will continue to provide the best value to all stakeholders and be better prepared to face the ASEAN Economic Community.
This commitment, he said, is reflected in the Bank's excellent performance last year. As of the end of December 2014, the Bank's net profit amounted to Rp 19.9 trillion based on lending growth of 12.2%, which brought total lending for the year to Rp 530 trillion, compared with Rp 472.4 trillion the previous year. Thanks to this performance, the Bank's assets experienced year-on-year growth of 16.6% to Rp 855 trillion, making Bank Mandiri the largest bank by assets in Indonesia.
On entering the Asean open-market era, Bank Mandiri will transform its growth pattern by focusing on integrating the entire potential of the Bank and its subsidiaries, Budi said. "Through this integration, we believe that Bank Mandiri will be able to continue to grow so as to realize our vision of contributing to greater prosperity in Indonesia and becoming one of the best banks in the region," he said.
On the intermediation side, he said, Bank Mandiri continues to encourage the provision of a greater share of financing to the productive sector. As a result, lending to the productive sector was up 13.9% to Rp 410.6 trillion at the end of 2014, with investment loans increasing 9.1% and working capital loans growing 16.7%. Meanwhile, construction - closely related to the infrastructure sector -- recorded growth of 19.1%, followed by manufacturing on 15.5%.
By business segment, increased lending was recorded across all areas of the company's business, with the highest growth being in the micro segment, which saw an increase of 33.2% to Rp 36.0 trillion as per the end of December 2014. The number of micro-loan customers also increased by 119 thousand. Meanwhile, lending to the micro, small and medium enterprises (MSMEs) segment registered growth of 13.6% to Rp 73.4 trillion.
Public confidence in Bank Mandiri also continued to grow, as indicated by an increase in third-party funds to Rp 636.4 trillion at the end of 2014, up from Rp 556.3 trillion a year earlier. Total low-cost funds (checking and savings) collected by the Bank in 2014 amounted to Rp 380.5 trillion, which figure was mainly driven by a Rp 15.9 trillion increase in savings deposits, bringing the total to Rp 252.4 trillion.
As part of the Bank's ongoing drive to increase the collection of public funds through increased transaction convenience, Bank Mandiri continues to expand its branch, electronic, and other networks. As of the end of December 2014, the Bank had added 262 new branches to bring the total to 2,313, installed an additional 3,830 ATMs to bring the total to 15,344, and added an extra 40,000 Electronic Data Capture (EDC or swipe machines) to bring the total to 270,352 units. In addition, the Bank expanded its micro business network to 1,833 outlets.
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PT BANK MANDIRI (PERSERO) TBK 
