Bank Mandiri's Overseas Branches Help Support International Business

Jakarta, 27 August 2014 - Bank Mandiri continues to strengthen its overseas network so as to boost growth in Indonesia's international trade and business transactions. Currently, Bank Mandiri has overseas branch offices in countries/territories such as Singapore, Hong Kong, China, the Cayman Islands and East Timor, and subsidiaries in London and Malaysia.

Bank Mandiri's Director of Treasury, Financial Institutions and Special Asset Management, Royke Tumilaar, said that Bank Mandiri's overseas presence supported the expansion of the company's business in the world's major financial centers.

In addition, he said, the overseas office help support the Indonesian government's program to boost exports through the provision of banking services that facilitate foreign trade and the implementation of transnational projects in which Indonesian companies are involved.

"Through these overseas offices, we can carve out new business and develop opportunities for collaboration with companies from the countries where our offices are located, as well as companies from other countries that wish to trade and invest in Indonesia, and vice versa," Royke explained.

He said that Bank Mandiri consistently supported Indonesia-related clients in conducting their cross-border transactions and operations as part of the process of business globalization. Through its overseas office, he said, the Bank focuses on funding, trade finance, treasury services, investment banking and bilateral lending, especially for Indonesia-related companies.

As of the end of June 2014, Bank Mandiri's overseas branches continued to perform well in the midst of generally unfavorable economic conditions. Total assets were up 41.1% to US$3.1 billion, driven by an increase in lending to US$1.2 billion, compared with US$785 million in the first six months of 2013. Loan quality also improved, as reflected in a non-performing loan (NPL) ratio that remained steady at 1.59%.

Royke said that loans were provided to, among others, the trade, mining and oil & gas sectors, which Bank Mandiri would continue to focus on so that both the Bank and its customers could help spur further growth in the Indonesian economy.

Royke said Bank Mandiri was also committed to supporting increased trade volumes and expanded economic cooperation between Indonesia and the countries of Asia and Europe. He said that although the trade balance showed that the value of Indonesian international trade transactions fell 3.6% to US$178 billion in the first half of 2014 from US$185 billion during the same period last year, the economic outlook in the medium term was good.

"Through our overseas branch offices, we want to open a window of opportunity for more Indonesian companies to create new business networks with foreign partners. We will also continue to provide the best possible services to our customers in order to become a benchmark and positively influence the perceptions of the international community about Indonesia," Royke said.


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