Overview

Bank Mandiri was established on 2 October 1998, as part of the bank restructuring program of the Government of Indonesia. In July 1999, four state-owned banks - Bank Bumi Daya, Bank Dagang Negara, Bank Exim, and Bapindo were amalgamated into Bank Mandiri. Bank Mandiri’s business activities include a variety of deposit products, loan products, and various other services. Bank Mandiri has the largest ATM network with 10,000 units throughout Indonesia. The company is strengthening its supporting businesses through its subsidiaries, notably Mandiri Sekuritas in investment banking, AXA Mandiri Financial Services in insurance, Bank Syariah Mandiri in Sharia banking, Bank Sinar Harapan Bali in micro banking, and Mandiri Tunas Finance in multi-finance. The number of employees of Bank Mandiri on 31 December 2021 is 37,840 people. In 2021, Bank Mandiri reduced the number of branch offices by 92 branches to optimize services to customers.