Mandiri is the largest bank in Indonesia in terms of total
assets, loans and deposits. As per 31st December 2011, it has IDR
551.9 trillion in total assets. The Bank offers
a broad range of banking products and services to its customers
ranging from individuals and small and medium-sized enterprises
(SMEs) to large corporations and Government entities.
Bank Mandiri was established
and acquired ownership of the share capital of four state-owned
banks on October 2, 1998. The four state-owned banks legally merged
on July 31, 1999 and Bank Mandiri commenced commercial operations
in August 1999. The Bank serves million of customers,
which makes it, based on number of customers, one of the largest
retail banks in Indonesia.
Customers also have access to their accounts through
the Bank's network of ATMs in Indonesia through arrangements with
Indonesia's other state-owned banks via the LINK network. Bank
Mandiri has one of the largest foreign exchange networks
in Indonesia with five overseas branch offices, one subsidiary and eight remittance offices.
Bank Mandiri, Singapore Branch
is one of the Bank's five overseas branches. Besides Singapore,
the Bank also has branches in Cayman Islands, Dili (Timor Leste),
Hong Kong, Shanghai, a subsidiary in London,
and two remittance offices in Hong Kong and five in Malaysia. The Singapore
branch operates under an offshore banking licence granted by the
Monetary Authority of Singapore since 31 July 1999.