Jakarta, April 24, 2015 - The first quarter of 2015 was difficult for the business sector due to a variety of economic headwinds. Nevertheless, Bank Mandiri successfully expanded its lending ahead of the industry average, with lending up 13.3% to Rp 532.8 trillion from Rp 470.4 trillion in Q1/2014.
By sector, the largest share of the Bank's loan portfolio was accounted for by the productive sector at 86.3%, while 13.7% of total loans (bank only) went to the consumer sector. Bank Mandiri also focused on the development of the Micro, Small and Medium Enterprise (MSME) sector, to which the Bank lent Rp 72.397 trillion in Q1. This was up 12.1% from the same period in 2014, when the figure was Rp 64.589 trillion.
Bank Mandiri's commitment to optimizing the intermediation function has also boosted the company's financial performance. As of the end of March 2015, the Bank had made a net profit of Rp 5.1 trillion, up 4.3% from Rp 4.9 trillion in the same period last year.
"We are grateful that despite the tough global economic conditions, Bank Mandiri has still managed to put in a good performance. This is due to the commitment and intelligent and dedicated work of all involved in Bank Mandiri. Of course, we are always orientated towards our customers so that Bank Mandiri is their bank of choice for all of their financial transactions," said Bank Mandiri CEO Budi G. Sadikin.
Bank Mandiri's Q1 performance resulted in quality asset growth. As of the end of March, the Bank's assets amounted to Rp 868.3 trillion, up 19% from Rp 729.5 trillion at the end of March 2014. Loan quality was maintained, with the level of NPLs being held steady at less than 1%. The Bank's continuing expansion was also supported by strong fundamentals, with the capital adequacy ratio (CAR) increasing from 16.15% to 17.87%.
Budi said that public confidence in Bank Mandiri was stronger than ever, as demonstrated by an increase in third-party funds to Rp 628.7 trillion at the end of March 2015, up from Rp 531.6 trillion at the same time last year. Of this figure, total low-cost funds (demand and savings deposits) amounted to Rp 372 trillion, primarily driven by an increase in demand deposits from Rp 30.7 trillion to Rp 141.49 trillion.
To attract more deposits through enhanced transaction convenience, Bank Mandiri continues to develop its branch, electronic and other networks. During Q1, the Bank opened an additional 256 branches to bring the total to 2,317, installed 3,930 ATMs to bring the total to 15,444 units, added an additional 41,974 Electronic Data Capture (EDC) machines to bring the total to 282,442 units, and increased the number of micro business outlets to 1,831.
In recognition of its outstanding performance, Bank Mandiri has been awarded an array of accolades, including being named "Best Bank in Indonesia" by two leading financial sector publications (The Asset and The Corporate Treasurer), and being recognized for "Best Loan Deal" and "Best Retail Banking" by Alpha Southeast Asia and The Asian Banker, respectively. In addition, Bank Mandiri has also successfully retained its title as "Best Bank in Service Excellence" from Marketing Research Indonesia (MRI) and SWA Magazine for seven consecutive years, and the title of "Most Trusted Company" from the International Institute for Corporate Governance (IICG) for eight years in a row.
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PT BANK MANDIRI (PERSERO) TBK 
