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4-Traders Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Bank Mandiri (Persero) Tbk PT    BMRI   ID1000095003

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PT Bank Mandiri (Persero) Tbk : Bank Mandiri Launched a New Branch in South Tangerang

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01/18/2012 | 01:19pm CET

Jakarta, 18 Januari 2012 - Bank Mandiri continuously seeks to provide access to banking products and services to the public. Recently, the bank expanded its branch network in the South Tangerang district by opening a new office that serves as a branch and district office.

The office is located in the Sector 7 of Bintaro Jaya area. The launching ceremony was held today and led by Ms. Fransisica Nelwan Mok, Bank Mandiri Director of Corporate Banking. Other key officials attending the ceremony included Mr. Rano Karno, Deputy Governor of Banten, Mr. Benyamin Davnie, Deputy Mayor of South Tangerang, and Mr. Ilhanudin, Deputy Head of Bank Indonesia in Serang.

The Bintaro area is part of South Tangerang district. This area offers business potentials and keeps growing. The residential properties and business centres in the area are managed by PT. Pembangunan Jaya, BSD City, Alam Sutera, Summarecon Serpong, Paramount Serpong and Lippon Village.

According to Ms. Fransisca Nelwan Mok, the presence of the new office is expected to bring positive contributions to support the economic development in South Tangerang and Banten. She added that the bank seeks to get actively involved in the local community and grow along with it.

Currently, Bank Mandiri operates 1,537 branches throughout Indonesia. There are 77 branches in Banten. The newly launched office in South Tangerang is a relocation of a branch that was previously located in Bintaro Sentra Menteng.

The third-party funding of Bank Mandiri in Banten reached a total of Rp. 11.8 trillion at the end of November 2011 and Rp. 9.7 trillion at the end of 2010. Currently, there are 3,939 ATM networks and 42,851 Electronic Data Captures in Banten and Jabodetabek.

Mr. Rano Karno, Deputy Governor of Banten, said that Bank Mandiri took the right step by pursuing an expansion and launching a branch in South Tangerang. He believes that the presence of the new branch will contribute to support the economic development of Banten, particularly within the South Tangerang district.

About PT Bank Mandiri (Persero), Tbk

Bank Mandiri is the largest bank in Indonesia, offering its customers numerous financial products and services. The services are offered via various business segments, ranging from Corporate, Commercial, Micro & Retail, Consumer Finance, Treasury, and Financial Institution & Special Asset Management. Bank Mandiri currently has operating subsidiaries to support its core business: Mandiri Sekuritas (capital market products and services), Bank Syariah Mandiri (Islamic banking), AXA-Mandiri Financial Services (Life Insurance), Bank Sinar Harapan Bali (Microfinance Banking) and Mandiri Tunas Finance (multi-finance company), and Mandiri AXA General Insurance (General Insurance).

As of September 2011, Bank Mandiri employs 27,305 employees, operates 1,526 branches and 7 overseas offices (including branch, representative offices, and subsidiaries). Bank Mandiri has 8,966 units of ATM Network and 70,616 units of Electronic Data Capture Network, as well as electronic channels which include Mandiri Mobile, Internet Banking, SMS Banking and Call Center 14000.


For more information:

Sukoriyanto Saputro
Corporate Secretary
PT Bank Mandiri (Persero) Tbk
Telp 021-5245740 Fax 021-5268246
sukoriyanto.saputro@bankmandiri.co.id


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Financials ( IDR)
Sales 2016 72 484 B
EBIT 2016 34 065 B
Net income 2016 15 971 B
Debt 2016 -
Yield 2016 2,14%
P/E ratio 2016 16,00
P/E ratio 2017 12,30
Capi. / Sales 2016 3,49x
Capi. / Sales 2017 3,24x
Capitalization 252 945 000 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 11 193  IDR
Spread / Average Target 2,2%
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NameTitle
Kartika Wirjoatmodjo President Director & Chief Financial Officer
Wimboh Santoso President Commissioner
Abdul Aziz Independent Commissioner
Askolani Commissioner
Aviliani Independent Commissioner
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