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LEADING TODAY
CHAMPIONING THE FUTURE
PT Bank Mandiri (Persero) Tbk.
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LEADING TODAY
CHAMPIONING THE FUTURE
Bank Mandiri navigates market dynamics, intensifying
competition, and uncertainties in 2024 by formulating and
executing four strategic focus areas to seize new opportunities
while delivering strong performance amid prevailing challenges.
First, Bank Mandiri drives growth in the Wholesale Banking
segment by strengthening its core business position and
unlocking new opportunities within the derivatives ecosystem.
Second, Bank Mandiri advances the Retail Banking segment
through an ecosystem-based value chain approach, leveraging
digital platforms to expand customer acquisition and capture
high-potential sectors in each region. Third, Bank Mandiri
optimizes digital platforms to enhance the transactional CASA
base, ensuring low funding costs while increasing customer
engagement through an outstanding digital experience.
Fourth, Bank Mandiri fosters synergy with subsidiaries by aligning
their business strategies with the parent company’s vision
through cross-selling optimization, business process streamlining,
and prudent risk management, supported by technology
enhancement.
The simultaneous and disciplined implementation of these four
strategies, supported by a highly competent and dedicated
Mandirian team, has enabled Bank Mandiri to achieve solid and
commendable financial performance. With a strengthened
financial foundation, Bank Mandiri continues to reinforce its
position as a leading financial institution and remains committed
to advancing its leadership in supporting national economic
development and the achievement of sustainability goals.
11 ANNUAL REPORT 2024
2024
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THEME SUSTAINABILITY THEME SUSTAINABILITY
LEADING TODAY Enhancing Digital Banking Transformation & Innovation
CHAMPIONING THE FUTURE
Bank Mandiri saw the challenges of the COVID-19 pandemic as a momentum to accelerate digital transformation
in 2021. The shift in people’s behavior to become more digitally minded demanded fast, efficient, safe, and
In 2024, Bank Mandiri continues to strengthen its position as a convenient financial services. Digitalization had undeniably become one of today’s society’s fundamental
leading financial institution by accelerating growth across all needs. Therefore, Bank Mandiri was fully committed to digital transformation and innovation to be able to
compete and meet customer needs. Bank Mandiri believes that digital technology would continue to change
potential sectors. To navigate market dynamics and intensifying Indonesia’s banking landscape in the future, along with the rapid migration of people’s activities to digital
competition, the Bank has outlined four key strategic focuses: channels. This was reflected in the significant increase in the use of digital financial products and services such
expanding wholesale and retail segments, optimizing digital as internet banking and mobile banking. As evidence, the Super App Livin’ by Mandiri and the Wholesale
Digital Super Platform Kopra by Mandiri have both been received extremely well by customers and the public
platforms to enhance transactional CASA and customer in general since their launch in the second semester of 2021. The strong push for digitalization by the majority
engagement, and strengthening synergy with subsidiaries through of banks in Indonesia has also driven customer demand for integrated digital financial services, which Bank
cross-selling and streamlined business processes. These initiatives 2021 Mandiri has addressed very well through Livin’ and Kopra by Mandiri. With that in mind, strengthening and
optimizing digital channels have become increasingly important in building loyalty and growing business. Bank
are designed to drive sustainable growth, ensuring resilience, Mandiri believes that digital banking penetration would continue to increase in line with Indonesia’s economic
innovation, and long-term value creation for stakeholders while growth and financially mature customers. For this reason, Bank Mandiri brought the theme “Enhancing Digital
reinforcing Bank Mandiri’s position as a leading financial institution Banking Transformation and Innovation” for its 2021 Annual Report
today and in the future.
2024 Integration and Collaboration Through Sustainable Digitalization
As a form of Open Banking implementation in expanding customer access to Bank products, PT Bank Mandiri
(Persero) Tbk has implemented the Leverage Digital Ecosystem strategy through collaboration with Fintech and
The Resilient Industry Leader: e-Commerce. The initiatives included to developing Digital Acquisition, Digital Payment, and Digital Financing.
Always Deliver, Always Ahead
In the Digital Acquisition initiative, Mitra application users who are not Bank Mandiri customers can open a Bank
Mandiri account through the Partner platform with attractive offers for those who successfully open an account.
The Digital Payment Initiative is a means of payment that provides convenient customer transactions on the
Partner platform. One of them is the development of Direct Debit which facilitate customers to make digital
Bank Mandiri’s consistency as a frontrunner in keeping up with the times is demonstrated by its continued
payment transactions. Currently, Bank Mandiri has collaborated with the Top 5 (five) e-wallets and e-commerce
transformation into the forefront of establishing a green digital ecosystem, providing seamless experiences,
for Direct Debit services. Meanwhile, Digital Financing is a process of disbursing productive and consumer loans
and developing a digital lifestyle. Bank Mandiri continues to accelerate the development of innovative digital
through the Partner platform. Bank Mandiri has collaborated with the Top 5 (five) e-commerce and Fintech for
products with reliable features on Super App Livin’ by Mandiri, Digital Super Platform KOPRA By Mandiri including
digital financing services through the Partner platform. The Digital Ecosystem Leverage Strategy is one of the
Branchless Banking which is supported by reliable, available, scalable and secure Information Technology that
is accessible at all times from anywhere, including while travelling overseas. Bank Mandiri is also at the forefront
in fostering the achievement of Sustainable Development Goals through Sustainable Banking, Sustainable
2020 focuses of information technology development in supporting the alignment of the 2020-2024 Corporate Plan.
This is a digital transformation by implementing integration and collaboration through continuous digitalization.
Operation, and Sustainability Beyond Banking practices; with eight major sustainability initiatives. The Bank
implements corporate strategy by upholding its commitment to implementing best governance practices
which are regularly assessed internally and by trusted independent institutions using the latest assessment
methods. Despite the sluggish growth of international trade and the economy on a national and global scale,
2023 Bank Mandiri persevered with a remarkable and rewarding performance in an uncertain 2023. Bank Mandiri’s
total assets grew to Rp2,174 trillion, the largest in Indonesia, with loans portfolio and net profit growing by double
digits, with practically all performance indicators outperformed the national banking industry average. Bank
Mandiri aspires to be declared “The Resilient Industry Leader: Always Deliver, Always Ahead”. Inspiring Nation’s Next Generation
Strengthening performance that has been back on the track in 2018 is followed by an increase in Bank Mandiri’s
contribution to the focus of the Government in 2018, namely strengthening human resources (HR). Bank Mandiri
Digital Transformation With Excellent Results continues to spread inspirations, especially to the millennial as the nation’s next generation. Internally, in order
to improve the quality of human capitals, most of whom are millennial generations, a process of revamp culture
has been carried out systematically in order to perfect the Work Culture with the fundamental core values of
Trust, Integrity, Professionalism, Customer Focus and Excellence. The revamp culture has resulted in 5 (five) new
Bank Mandiri is committed to accelerating digital transformation in an inclusive and efficient way so as to remain Work Cultures of Bank Mandiri, namely One Heart One Mandiri, Tough Mandirian, Growing Healthy, Meeting
in the digital ecosystem’s orbit. In 2022, Bank Mandiri placed special attention to and be aggressive in working Customers’ Needs and Building the Nation Together as the guidance in thinking, acting and behaving in daily
on the digital banking segment to promote digital transformation as a sustainable business by capitalizing on life. Externally, Bank Mandiri has carried out various innovations aimed at improving the quality through the
opportunities in all sectors and prospective segments. The Bank’s mission to enforce digital innovation does Mandiri Young Entrepreneur program and Mandiri Hackathon program, which is a recruitment program in
not conclude with the introduction of Livin’ and KOPRA. In 2022, Bank Mandiri enhanced the features of Livin’
and Kopra and simultaneously introduced a Smart Branch, further solidifying the Bank’s position as one of the 2019 the field of information technology that aims to accommodate innovative ideas that correspond with digital
banking needs and there have been significant millennial registrants.
industry leaders in digitalization through a more thorough corporate transformation. The tireless transformation
spirit of Bank Mandiri in digital has yielded excellent results and continues to develop new added value, which
have a significant positive influence on the Bank’s overall performance in 2022. This background has allowed us
to present “Digital Transformation with Excellent Results” as the theme for our 2022 Annual Report.
2022
PT BANK MANDIRI (PERSERO) TBK 2 3 ANNUAL REPORT 2024
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TABLE OF CONTENTS TABLE OF CONTENTS
MAIN HIGHLIGHTS 208 Shares Listing Chronology 383 Geographic Segment 501 Human Capital Framework 717 Integrated Governance 953 Integrated Governance
Operations Review 504 Human Capital Strategy Committee Report
211 Shares Listing
386 Subsidiary Performance 505 Organization Structure of 732 Diversity Policy of ohe Board 964 Bad Corporate Governance
26 Performance Summary 2024 212 Bonds Issuance and/or Listing of Commissioners and Practices
Review Bank Mandiri Human Capital
28 Financial Highlights And Chronology Directors
398 Financial Review Management 965 Pernyataan Pelaksanaan
Financial Ratios 214 Bonds Issuance and/or Listing 738 Governance in Providing Prinsip-Prinsip Tata Kelola
Chronology 399 Statement of Financial 506 Diversities and Equal
34 Operational Highlights Remunerations Yang Baik
226 Public Accountant & Position Opportunities
36 Shares Information 748 Board of Directors 966 Manajemen Risiko
Public Accountant Firm 418 Consolidated Statement 507 Human Capital Management
38 Corporate Actions of Profit or Loss and Other Programs in 2024 800 Board of Directors
227 Name and Addresses of
38 Corporate Actions and/ Supporting Comprehensive Income 538 Human Capital Development Executive Committees
Delisting Institutions and/or Professions 423 Consolidated Statement of & Management Plans in 2025 804 Business Committee
39 Bonds, Sukuk or Convertible 228 Credit Rating Agency Cash Flows 540 Information Technology 809 Capital & Subsidiaries
ESG
Bonds Information 229 Awards and Certification 424 Solvency and Receivables 541 Information Technology Committee IMPLEMENTATION
40 Company Rating 2024 240 Information on Bank Mandiri Collectibility Strategic Plan 814 Human Capital Policy REPORT
40 Analyst Report Website 427 Capital Structure 543 Implementation of Committee
44 Events Highlights 2024 241 Education and/or Training of 430 Material Commitment for Information Technology 818 Information Technology & 1152 ESG Practices at Bank Mandiri
The Board of Commissioners, Capital Goods Investment Strategic Plan 2024 Digital Banking Committee 1160 Environmental Pillars
Directors, Committees, 431 Capital Investment in Fiscal 545 Information Technology 823 Integrated Risk Committee 1176 Social Pillars
Corporate Secretary, Internal Year 2024 Governance
MANAGEMENT Audit Unit and
432 Transaction Information 547 Information Technology
826 Policy & Procedure
Committee
1199 Governance Pillars
Risk Management
REPORT Related to Investiment, Security 832 Risk Management Committee
52 Board of Commissioners
Expansion, Divestment,
Merger, Acquisition, and
552 Information Security
836 Credit Policy Committee
SOCIAL AND
Report MANAGEMENT Restructuring
Management
Implementation in 2024 ENVIRONMENTAL
840 Transformation Committee
68 Board of Directors Report DISCUSSION 435 Commitment and 554 IT HR Development RESPONSIBILITY
843 Credit Committee/Rapat
86 Certificate of Accountability AND ANALYSIS Contingency
556 Information Technology Plan Komite Kredit
1204 Social and Environmental
by Members of Board of 436 Comparison of 2024 Target & 2025
270 Economic Review 845 Social & Environmental Responsibility Commitments
Directors in Respect of Realization
Responsibility Committee and Policies
PT Bank Mandiri (Persero) Tbk. 271 Global Economic Analysis 438 Material Information and (SERC)
2024 Annual Report 273 Indonesian Economic Analysis Subsequent Events
88 Certificate of Accountability 278 Banking Industry Analysis 439 Dividend Policy and
CORPORATE 848 Corporate Secretary
by Members of Board of Distribution GOVERNANCE 867 Investor Relations
Commissioners in Respect of
281 Analysis of Bank Mandiri
441 Employee and/or 870 Internal Audit
1228 Conformity of the
Position in the Banking
PT Bank Mandiri (Persero) Tbk. Industry Management Share
560 Governance
Achievements 2024 880 Public Accountant
Implementation
2024 Annual Report
282 Market Share of Bank Mandiri Ownership Program
561 Corporate Governance Best of Corporate
443 Realization of Proceeds from 885 Internal Control System
Consolidated Financial
Performance Indicators in the Public Offerings
Practice to Elevate Bank Governance
Mandiri’s Performance 892 Compliance Function
COMPANY Banking Industry (Commercial 444 Information on Material 562 Implementation of 909 Implementation of
Towards the
PROFILE
Banks) Transactions with Conflicts of Corporate Governance Anti-Money Laundering, ASEAN Corporate
286 Corporate Strategy Interest and/or Transactions
290 2024 Strategic Focus with Affiliated/Related Parties
564 Commitment to corporate Counter-Terrorism
Financing, and Prevention
Governance
92 Company Identity Governance
291 Focus on Strengthening 454 Transactions with Related
569 Corporate governance
of The Weapons of Mass Scorecard
94 Associations Memberships Parties Destruction Programs
Sustainable Business Roadmap
95 Corporate Branding Proliferation Financing
292 Consistent Digital 455 Review of Mechanism 575 Corporate Governance
913 Funding to Social and/or
96 Company at A Glance Transformation Policy on Transactions and
Compliance With Related
Implementation in 2024 &
Political Activities
1246 OJK Reference
98 Milestones Plans for 2025
293 Asset Quality Well Maintained
Rules and Regulations
586 Application of Corporate
914 Significant Litigation Index
100 Vision, Mission & Corporate 294 Fee-Based Income Growth
455 Loan Policy for the Board of Governance Guidelines to 926 Information Access and
Culture Strategy for 2024
Commissioners and Directors Public companies Corporate Data
106 Line of Business 295 Response to Changes in
456 Regulatory Changes With 608 Corporate Governance 926 Code of Conduct
108 Products and Services Monetary Policy Direction
a Significant Impact on the Structure and Mechanism 937 Anti-Corruption Program
1278 FINANCIAL
130 Operational Areas 297 Strategic Focus for 2025 Company 616 General meeting of 938 Gratification Policy STATEMENTS 2024
128 Structure Organizational 298 Business Outlook 480 Changes in Accounting Shareholders
135 Profile of The Board of 300 Marketing Aspect Policies and Impacts 941 Internal Fraud
640 Board of commissioners
Commissioners 302 BMRI Share Performance 2024 Implemented in 2024 676 Performance Assessment 943 Prevention of Insider
149 Profile of The Board of Directors 303 Business Review 481 Bank Soundness Level of the Committees Under the Trading
163 Profile of Executives 306 Digital Banking 482 Business Continuity Board of Commissioners 944 Whistleblowing System - Letter
Information and Assessment Basis to CEO
168 Group Head and/or 330 Operational Review by
Equivalents Levels Business Segment 485 Prime Lending Rate 678 Organ and Committees 948 Implementation of State
Under the Board of Property Assets Reporting
172 Employee Demographics 336 Corporate Banking 488 Taxation Aspects Commissioners (LHKPN)
174 Employees Competence 342 Commercial Banking 489 Legal Lending Limit and Large 678 Secretary to the Board of 949 Shares Buyback and Bonds
Development 348 Institutional Relations Exposures for Commercial Commissioners Buyback
176 Shareholders Composition Banks
354 Treasury & International 681 Audit Committee 950 Funding to Related Parties
188 Corporate Group Banking 492 Derivatives and Hedging
694 Remuneration and
Shareholding Structure Facilities 951 Bank Strategic Plan
360 Retail Banking Nomination Committee
190 Subsidiaries, Sub-Subsidiaries 494 Earnings Asset Quality Report 952 Transparency of Financial
382 Head Office 706 Risk Oversight Committee
and/or Associates and Other Information and Non-Financial
500 Human Capital Management Conditions
PT BANK MANDIRI (PERSERO) TBK 4 5 ANNUAL REPORT 2024
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IKHTISAR UTAMA
BANK MANDIRI 2024 Sustaining Growth and Excellence
Across Key Financial Metrics
A REMARKABLE YEAR Bank Mandiri successfully navigated the challenges and uncertainties of 2024,
IN NUMBERS
recording key financial performance indicators that outperformed the industry
average, further solidifying its position as a leading financial institution in Indonesia
INCOME
• Net Interest Income: Rp102 trillion, up 6.12% ASSET QUALITY
YoY. • Cost of Credit: 0.79%, improved by
• Non-Interest Income: Rp42.3 trillion, up 4.12% RETAIL LOANS & 6 bps YoY.
YoY SUBSIDIARIES • Loan at Risk (LaR): 6.76%, improved
• PPOP Rp88 trillion, up 3.77% YoY Rp
757.2 trillion by 186 bps YoY.
• NPL Coverage: 271%, improved by
13.0% YoY NPL RATIO 55.2 percentage points YoY.
LIQUIDITY (Bank-Only)
• Total Third-Party Funds (TPF): Rp1,699 0.97% YoY
trillion, up 7.73% YoY. WHOLESALE
5bps YoY
• Total Low-Cost Funds (CASA): LOANS
Rp1,271 trillion, up 8.49% YoY. Rp
913.3 trillion
• CASA Ratio (Bank-Only): 80.3%,
increased by 91 bps YoY. 25.5% YoY NET
PROFIT
(After Tax And Minority
ASSETS
Interest)
PROFITABILITY
• Net Profit: Rp55.8 trillion.
55.8
• Total Assets: Rp2,427.
trillion, up 11.6% YoY. TOTAL LOANS RP ROE Tier-1 • NIM: 5.15%, decreased by 33 bps
(Bank-Only) YoY.
Rp
1,671 trillion trillion • BOPO (Bank-Only): 56.5%,
19.5% YoY 24.2% increased by 4.58 by 1.86 pts YoY.
• CIR (Bank-Only): 35.0%, increased
LOANS by 73 bps YoY.
• Total Credit: Rp1,671 trillion,
CAR (Bank-Only)
up 19.5% YoY.
• Wholesale Credit: Rp913.3 20.1% CAPITAL
trillion, up 25.5% YoY.
• Tier-1 CAR (Bank-Only): 18.9%,
• Retail and Subsidiary Credit: maintained at an excellent level.
Rp757.2 trillion, up 13.0% YoY.
PT BANK MANDIRI (PERSERO) TBK 6 7 ANNUAL REPORT 2024
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IKHTISAR UTAMA
IMPACTFUL Bank Mandiri’s Loan Growth Supports Strategic
Sectors for Indonesian Communities
CONTRIBUTIONS TO Bank Mandiri’s Loan Growth as a Key Driver of Strategic Sector Growth
A SUSTAINABLE FUTURE
44.9%
38.3%
31.3% 29.2% 30.4%
20.0% 19.2% 18.6%
16.1% 14.3%
11.2% 10.4%
FOR THE NATION
8.68% 7.98% 5.74%
6.15%
Transportation, Business Social Mining Manufacturing Trade, Restaurants, Agriculture Others
Warehousing, and Services Services and Hotels
Communication
Bank Mandiri Industry *) Mortgage Loans Growth (%)
House Ownership Credit Growth (%) Bank Mandiri NPL Ratio vs lndustry NPL
Bank Mandiri has fulfilled its commitment to making a tangible
Bank Mandiri Industry
contribution to national progress, ensuring long-term sustainability,
Bank Mandiri Industry
16.9%
16.0% 16.2%
and reaffirming its leadership in strengthening Indonesia’s economy. 14.3% 2.35%
12.0%
The Bank consistently channels credit to sectors that drive equitable
14.4% 2.25% 2.26%
13.1% 2.21% 2.19%*)
11.8% 11.5% )
*
economic growth across all regions while supporting the realization 10.4%
of various National Strategic Projects (PSN). 1.01% 1.01% 1.01% 0.97% 0.97%
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
In 2024, Bank Mandiri recorded double-digit credit Source: Indonesian Banking Statistics – OJK
growth of 19.5%, reaching Rp1,671 trillion, the highest Note: *) Industry figures are based on data as of November 2024.
in the industry.
Bank Mandiri’s Loans and Savings Support Indonesia’s
Economy Equitably
Bank Mandiri’s Loans & Savings Growth Consistently Outpaces Industry Growth Across
Bank Mandiri Consistently Supports National Various Regions
Loan Growth SUMATERA
Loans Savings
KALIMANTAN
Loans Savings
SULAWESI & MALUKU
Loans Savings
SELURUH PAPUA
Loans Savings
+13.9% +12.3% +22.4% +12.4% +9.83% +9.26% +9.61% +2.74%
+10.0% +7.28% +11.7% +9.07% +8.28% +8.00% +5.28% +7.14%
Bank Mandiri’s Loan Growth Continues to Bank Mandiri’s Credit Growth Significantly
Support Overall Industry Loan Expansion *) Outpaces KBMI 4, KBMI 3, KBMI 2, and KBMI 1**)
Bank Mandiri Industry Industri Bank Mandiri KBMI 1&2 KBMI 3 KBMI 1&2 (ex-Mandiri)
22.1%
22.1%
21.5% 20.7% 21.5% 20.7%
20.1% 20.1%
“Bank Mandiri’s Loan Growth Rate is Twice the 16.4% “Bank Mandiri’s Loan Growth Rate is
16.4% Industry Average” Twice the Industry Average”
12.6% 12.6% 12.2% 12.1% JAKARTA & BANTEN
11.1% Loans Savings
10.6% 10.4%*) 10.9%
11.2% 10.3% 9.98% +15.9% +14.8% JAWA& DIY
11.3% 9.60% +12.1% +5.22% Loans Savings BALI & NUSA TENGGARA
11.0% 8.89% 10.2%
9.63% 9.60% +10.6% +12.9% Loans Savings
9.18% 10.1% 9.00% +7.28% +5.83% +17.8% +21.4%
8.56%*) 8.46%
8.10% +6.60% +12.2%
7.59%
TOTAL LOANS SAVINGS
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Bank Rp1,311 Tn Rp515 Tn
Mandiri (+20.7% YoY) (+13.4% YoY)
Industry
Source: Bank Indonesia Media Release and Indonesian Banking Statistics – OJK
Note: Rp7,717 Tn Rp2,781 Tn
*) Based on Bank Indonesia Media Release
**) Latest credit data per KBMI as of November 2024 (+10.8% YoY) (+6.55% YoY)
Source: Indonesia Banking Statistics – OJK
Note: *) The latest industry figures by region are as of November 2024.
PT BANK MANDIRI (PERSERO) TBK 8 9 ANNUAL REPORT 2024
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IKHTISAR UTAMA
Bank Mandiri is Ready to DRIVING GROWTH THROUGH
Support the National Strategic RECORD-HIGH LOW-COST FUNDS
Program from Day One
Trends in Loan and Third-Party Fund Growth at
3 MILLION HOMES
Bank Mandiri
TUBERCULOSIS
FREE HEALTH Bank Mandiri’s third-party fund growth is Loans in All Segments Grows Healthly
ERADICATION
CHECK-UPS focused on low-cost funds...
TPF Ending Balance
Consolidated (Rp Tn) YoY
1.699 Total 7,73% YoY
1.491 1.577
Loans Ending Balance
1.291 665 Consolidated (Rp Tn) Total 19,5%
1.145 587 Savings 13,4%
553 1.671
487
432 Current 3,60%
396 585 606 Accounts
320 413 360 Subsidiary 15,2%
Time 5,54%
393 391 542 405 428 Deposits 1.398
Des-20 Des-21 Des-22 Des-23 Des-24
1.202 123 Consumer 8,24%
312
FREE ENERGY 1.050 270 188 Micro 12,0%
NUTRITIOUS National Strategic & WATER ... As as Result, the Low-Cost Fund Ratio 965
222
113
87 SME 13,2%
Remains at an Excellent Level
MEALS Program RESILIENCE 201 103 168
92 Commercial
8.0%
23,0%
Consolidated Low-Cost Fund Ratio 152 77 293
86 132
Low-Cost Fund Rasio (Bank Only) 79.4% 80.3% 67
121 238
77.6% 60
55
196
74.0% 158 174
GDP Growth Target 68.4% 68.5% 73.4% 74.3% 74.4% Corporate *) 26,7%
620
2028-2029 67.3%
66.0% 66.6% 67.8%
69.7%
343 370 414 490
65.6% 64.2% 66.2% 64.1% 65.3% 65.6%
REGIONAL &
NATIONAL FOOD
Des-20 Des-21 Des-22 Des-23 Des-24
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
HOSPITAL RESERVES
DEVELOPMENT IN
REGIONAL AREAS
Bank Mandiri recorded an outstanding funding performance
by optimizing the potential of its retail business, successfully
INTEGRATED EXCELLENCE SCHOOLS &
accumulating consolidated Third-Party Funds of Rp1,699 trillion,
SCHOOL RENOVATIONS growing 7.73% YoY. This growth was also driven by an increase in
consolidated low-cost funds (CASA), which grew 7.46% YoY. The
composition of low-cost funds, consisting of current accounts and
MSME Borrowers
MSME Loans
Rp Rp
savings, continued to dominate, reaching 80.30%, the highest
135 Tn A 24/7 wholesale solution for
>1.250 level in Bank Mandiri’s history. This achievement reflects the Bank’s
efficient and seamless business Bank Mandiri’s MSME borrower
MSME loan base growth
reached 6% YoY transactions growth 1.28% YoY strong focus on maintaining an optimal funding structure.
MSME NPL Ratio at
1.36%
A 24/7 wholesale solution for MSME loan quality remains well-
efficient and seamless business maintained, improved by +2 bps A platform designed to simplify
transactions YoY merchant transaction management
PT BANK MANDIRI (PERSERO) TBK 10 11 ANNUAL REPORT 2024
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IKHTISAR UTAMA
STRENGTHENING RESILIENCE LIVIN’ BY MANDIRI –
BY MAINTAINING ROBUST ASSET INNOVATING TO PROVIDE THE MOST
QUALITY COMPREHENSIVE FEATURES FOR
BANKING AND BEYOND BANKING
Bank Mandiri has implemented strict prudential principles and
successfully maintained asset quality amid global and national Livin’ by Mandiri continues to lead in innovation by providing
economic uncertainties throughout 2024. This is reflected in the the most comprehensive features for both banking and beyond
improvement of its bank-only gross NPL position, which declined banking, offering services for saving, moving, borrowing, and
from 1.02% in December 2023 to 0.97% in December 2024, marking growing money in one platform. As the first in the industry, Livin’
a decrease of 5 basis points (bps). This consistent improvement in enables online onboarding for Indonesian and expatriate customers
asset quality reaffirms Bank Mandiri’s prudent risk management both domestically and internationally, with services available in 18
approach and commitment to maintaining asset quality at a currencies. It also features real-time transfers, QR payments, and
healthy level, well below the industry average, while ensuring “Tap-to-Pay” capabilities for seamless transactions. Comprehensive
resilience and operational excellence in a challenging market banking solutions include BI Fast, digital loans, investments, and “Buy
environment. Now, Pay Later,” while beyond banking offerings such as Livin’ Sukha
and Livin’ Loyalty enhance lifestyle experiences.
Continuously Innovating to Lead in Providing the Most Comprehensive
Maintaining Robust Asset Quality Banking Solutions with the Best Customer Experience
The Most Comprehensive Features
Loans at Risk Ratio / LAR NPL Ratio and NPL Coverage Ratio Domestic and International
for Banking and Beyond Providing online onboarding services for both Indonesian Citizens (WNI) and
Foreign Nationals (WNA), both domestically and internationally
8.74% 8.62% 384%
7.82% 368% • Online onboarding for WNI and WNA • Real-time international transfers
7.32% 332%
6.81% 319% 304% • Use of local and international SIM cards • QR payments abroad
• Available in 18 currencies • ”Tap-to-Pay” payment option
1.02% 1.02% 1.01% 0.97% 0.97%
pay paylater Comprehensive Banking Experience
Providing comprehensive banking services: from transactions and loans to
investments.
Des-23 Mar-24 Jun-24 Sep-24 Des-24 Des-23 Mar-24 Jun-24 Sep-24 Des-24
• BI Fast, SKN, and RTGS • Buy Now Pay Later
Rasio LAR (Bank-Only) NPL Ratio (Bank Only) NPL Coverage Ratio (Bank Only) • Push payment from Kopra to Livin’
investment
• Livin’ KPR
• E-wallet linkage & Smart top up • Livin’ Auto
• Kredit Serbaguna Mandiri (KSM) • Mutual Funds
• Credit card installment conversion • Bonds
YTD Cost of Credit / CoC Loan Restructuring (Rp Tn) • Credit Card Cash Loan • Stock Trading
Loan Restructuring Policy related to Covid-19 was
completed as of March 2024 care Beyond Banking
... and beyond banking to provide the best lifestyle experience
0.99% 78.2 77.2 75.8 73.2 73.5
0.86%
• Livin’ Sukha • Livin’ Loyalty
0.63% 0.69%
0.62% 61.0 62.3 64.3 62.7 64.2
17.2 14.9 11.5 10.4 9.25
.
Des-23 Mar-24 Jun-24 Sep-24 Des-24 Des-23 Mar-24 Jun-24 Sep-24 Des-24
Expanding customer segments by Enhancing customer engagement and
COMING targeting the next generation of product adoption through AI-driven
SOON
LAR Ratio (Bank Only) Restructuring Covid-19 Restructuring Normal
customers to increase low-cost funds financial insights
PT BANK MANDIRI (PERSERO) TBK 12 13 ANNUAL REPORT 2024
Page 9
IKHTISAR UTAMA
LIVIN’ MERCHANT BY MANDIRI LIVIN’ BY MANDIRI –
DRIVING MSME GROWTH WITH DRIVING CUSTOMER ACQUISITION
SIGNIFICANT PERFORMANCE AND SAVINGS GROWTH
As the Primary Channel For Retail Banking
Livin’ Merchant demonstrated Transactions, the Bank Continues to Drive Customer
significant growth, with monthly active Acquisition and Savings Balance Growth
users increasing 4x compared to
December 2023, driven by incremental
Transaction Frequency Transaction Value Non-Interest Income
(Million) (Rp Trillion) (Rp Million)
growth of 1.2x in March, 2x in June,
4,027
3,879 2,624
38% 23%
2,819 2,174 21%
and 3x in September 2024. Monthly
transaction frequency also saw
a notable rise, reaching 1.05x by 2023 2024 2023 2024 2023 2024
December 2024 from the baseline Bank Mandiri’s annual savings growth consistently outperforms the industry
Bank Mandiri Savings Growth YoY (Bank Only) Industry Savings Growth YoY (excluding Bank
in December 2023, with steady 12.5% 12.5%
Mandiri, Bank Only)
13.4%
increments of 0.4x in March, 0.6x in 11.8%
5.9%
June, and 0.9x in September 2024. This 6.60% 6.27%
5.34%2
growth reflects the platform’s success
1.31%
4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
in supporting MSMEs through enriched 2
Data as of November 2024, as industry figures for December 2024 were not yet available at the time of reporting (February 5, 2025).
use cases and features that enhance
~85% 99%
Registered
users
business operations and customer
engagement. 29.3 million New customer
accounts opened
Retail1 transactions
conducted via
29% YoY via Livin’ Livin’
1
Transaksi Non-Tunai
Demonstrating significant performance and In 2024, Livin’ by Mandiri achieved significant growth, with
continuously enriched with various use cases that COMING registered users reaching 29.3 million, a 29% year-on-year increase.
drive MSME business growth SOON Transaction frequency rose by 38%, from 2.819 billion in 2023 to
3.879 billion in 2024, while transaction value grew by 23%, reaching
Facilitating real-
time settlement for
Rp4,027 trillion. Non-interest income increased by 21%, from Rp2,174
Monthly Active Users Livin merchant businesses billion in 2023 to Rp2,624 billion in 2024. Approximately 85% of new
4x
x
1,05X
customer accounts were opened through Livin’, and 99% of retail
3X x Supporting
entrepreneurs in
non-cash transactions were conducted via the platform. Bank
0,9X
Mesin
EDC offering exclusive Mandiri’s savings growth consistently outperformed the industry,
2X
deals to enhance
1,2X 0,6X customer loyalty
reaching 13.4% in the fourth quarter of 2024 compared to the
X
0,3X
0,4X
industry’s 5.34%, underscoring Livin’s role as the primary channel for
retail banking transactions and savings growth.
Des 23 Mar 24 Jun 24 Sep 24 Des 24 Des 23 Mar 24 Jun 24 Sep 24 Des 24
PT BANK MANDIRI (PERSERO) TBK 14 15 ANNUAL REPORT 2024
Page 10
KOPRA BY MANDIRI –
DRIVING PROGRESSIVE GROWTH Bank Mandiri continues to
WITH ENHANCED TRANSACTION strengthen its position as a
leading financial institution in
SOLUTIONS supporting sustainability goals
through the implementation
of three key pillars: Sustainable
Kopra by Mandiri, digital service for wholesale customers, Banking, Sustainable
achieved significant growth, with transaction value reaching Operation, and Sustainability
Rp22,700 trillion, a 17% yoy increase from Rp19,450 trillion in Beyond Banking.
2023. Transaction frequency also rose by 21% yoy, totaling 1.3
billion transactions. In addition, fee-based income grew by 8%
yoy, reaching Rp2.4 trillion. These results highlight Kopra’s strong
and progressive performance, driven by enhanced transaction
experiences and innovative solutions for seamless business
STRENGTHENING
operations.
ESG COMMITMENTS
Demonstrating Progressive Performance Growth and Continuously
ACROSS SUSTAINABILITY PILLARS
Innovating with Better Transaction Experience
Has Consistently Recorded Strong
Performance Since Its Launch Dibangun dengan Standards,
Launched Oct-24
StandarGlobal, Memberikan
The Bank recorded a 10.8% YoY growth in its sustainability portfolio,
Built to Global Delivering a
TampilanBaru dan Pengalaman Pengguna yang
New Look and Better User Experience
Lebih Baik
which includes both green and social portfolios, reaching Rp293
Rp Trillion Transaction
Frequency trillion, the largest in the industry. Bank Mandiri also remains
Transaction Value FY24
committed to promoting financial inclusion across Indonesia, with
17% YoY 22,700
1.3 Billion total KUR & KUM customers exceeding 2.9 million micro customers.
5% YoY 19,450
21% YoY
Moreover, various operational efficiency initiatives have been
18,500
implemented, enabling the Bank to reduce Scope 1 & 2 GHG
Fee Based Income emissions by 33% and lower GHG emission intensity per employee
FY24
by 30% from the 2019 baseline.
2.4 Triliun
8% YoY
FY 22 FY 23 FY 24
These efforts and achievements have led to an
improvement in the Bank’s MSCI ESG Rating to
BBB, while also reducing its ESG Risk Index to 17.5,
placing it in the Low Risk category.
PT BANK MANDIRI (PERSERO) TBK 16 17 ANNUAL REPORT 2024
Page 11
IKHTISAR UTAMA
Bank Mandiri’s Commitment to
Integrating ESG into Business and
Operations
ESG Integration Framework in Bank Mandiri’s Business Highlight ESG Bank Mandiri
and Operations
May-2024 Nov-2024
VISION
ESG Rating Upgrade
“Becoming Indonesia’s 1.
Sustainability Champion Carbon
for a Better Future” Calculator
BBB
2.
PILLARS
Tree
SUSTAINABLE SUSTAINABLE SUSTAINABILITY BB BB Planting
BANKING OPERATION BEYOND BANKING Contribution
2022 2023 2024 3.
Leading Indonesia’s Catalyzing Multiple
COMMITMENT
Net Zero Emissions Report
Transition to Growth for Social to
Operation by 2030
Low Carbon Economy Achieve SDGs
May 2024 Jan-2025
Carbon
Sustainable Neutral Green Mortgage
Products and Initiatives Financial
Inclusion ESG Risk Rating Category
Service
Security (Low Risk)*
& Data
ESG Protection Cororate
INITIATIVES
Integration
Social 28.18 28.45
in Business
Gender Responsibility
Process
Equity
17.5
GOVERNANCE
2023 2024 2025
PT BANK MANDIRI (PERSERO) TBK 18 19 ANNUAL REPORT 2024
Page 12
IKHTISAR UTAMA
SUSTAINABLE BANKING SUSTAINABLE OPERATION
OPERATIONAL GENDER DIVERSITY
ASSETS
Green Portfolio
46 %
Rp149 Trillion
( 15,2% Yoy) LIABILITAS
Market share >35%
from 4 biggest banks
Women Leaders (Manager
2023 Level and Above)
Portofolio Sosial
Rp5 Trillion
Rp144 Trillion
52 %
( 6.5% Yoy) Issuance of Green
Bonds Phase I
Pelopor
1 st
KUM & KUR: Rp90.8 Tn
to >3 million debtors
Bank Mandiri employee
are female employee
Digital Carbon Tracking
2022
USD500 Million
ESG Repo
allocated to
financing Green
DATA PRIVACY & SECURITY
and Social
2021 Projects
USD300 Million
Sustainability Bonds • ISO Certified
allocated to financing • Cyber Incident Management
Green and Social • Multi-layered Data Security
Projects
Technology
• 24/7 Security Operation Center
Green Mutual Funds: (SOC)
Mandiri Indeks FTSE • Dedicated Cybersecurity
Indonesia ESG Class A Operations Team
• Zero Data Breaches
Electric Vehicle Financing
Green Mortgage (KPR Hijau)
RETAIL PRODUCTS & FINANCING
PT BANK MANDIRI (PERSERO) TBK 20 21 ANNUAL REPORT 2024
Page 13
IKHTISAR UTAMA
DRIVING GROWTH
THROUGH STRONG CONTRIBUTIONS
FROM SUBSIDIARIES
Promoting financial
access for MSMEs
The remarkable performance of Bank Mandiri in 2024 was
in non-urban areas
bolstered by the significant contribution from its subsidiaries. As
through Livin’
of December 2024, the consolidated net profit of all subsidiaries
Merchant
reached Rp11.77 trillion, reflecting a growth of 9.28% yoy. Out
1.5 Million of this, Rp6.23 trillion represented the profit portion attributable
to Bank Mandiri’s ownership. The subsidiaries also demonstrated
users located in strong growth in total assets, which increased by 13.5% yoy to
non-urban areas Rp581.33 trillion. Key contributors included Mandiri Utama Finance,
with a 42.9% increase in total assets, and Mandiri Tunas Finance,
which grew by 15.9%. Bank Syariah Indonesia and Mandiri Taspen
also contributed significantly, with asset growth of 15.6% and 9.4%,
Rp1,313 Billion respectively. These results underline the strategic importance
of Bank Mandiri’s subsidiaries in driving sustainable growth and
Loan distribution
delivering value across the group.
through fintech
to expand reach
to unbankable
communities
SUSTAINABILITY Total Assets *) of Mandiri Group Total Net Profit **) of Mandiri
Subsidiaries (Rp Billion) Group Subsidiaries (Rp
BEYOND Billion)
BANKING
Subsidiaries Total Assets (Rp Billion)
Bank Mandiri ▲9.28%
2022 2023 2024 YoY YoY
Banking
Subsidiaries’
Bank Syariah Indonesia 51.5% 305,727 353,628 408,812 15.6% Total Net Profit
Mandiri Taspen 51.5% 53,915 60,542 66,233 9.40% 11,772
Others
Bank Mandiri Europe 100% 3,770 3,997 4,222 5.65% 10,772
Ltd. Multifinance
(MTF + MUF)
6.5+ Million
Financing
AXA Mandiri
Mandiri Tunas Finance 51.0% 23,729 29,727 34,451 15.9% Financial
Services
Mandiri Utama 99.9% 7,567 10,629 15,192 42.9%
Bank Mandiri
Finance
Taspen
Providing positivie impact to the communities through
Insurance
AXA Mandiri Financial 51.0% 40,041 41,018 41,912 2.18% Bank Syariah
programs such as Rice Milling Unit (RMU), Wirausaha Muda
Services Indonesia
Mandiri Inhealth 20.0% 2,683 2,825 - -
Mandiri (WMM), Rumah BUMN, Mandiri Sahabatku, and others. Securities, Venture Capital, and Others
Mandiri Sekuritas 99.9% 3,897 4,434 4,502 1.53%
Mandiri Capital 99.9% 4,788 5,155 5,968 15.8%
Mandiri Remittance 100% 24 24 33 35.9%
Total 446,142 511,975 581,325 13.5%
Note:
*) Bank Mandiri divested 100% of MAGI in October 2023 and 60% of Mandiri Inhealth in June 2024; therefore, these entities are no longer consolidated into BMRI.
**) Net Profit After Tax and Non-Controlling Interests (Unaudited). Total net profit from subsidiaries based on Bank Mandiri’s ownership: Rp5,839 billion in 2023 and Rp6,229 billion
in 2024.
PT BANK MANDIRI (PERSERO) TBK 22 23 ANNUAL REPORT 2024
Page 14
Bank Mandiri’s performance in 2024
reflects solid growth, particularly in
strategic sectors across Indonesia. The
significant expansion in credit distribution
underscores market optimism and the
Bank’s success in providing financing amid
global economic challenges. The increase
in net profit highlights the effectiveness of
business strategies, operational efficiency,
prudent risk management, and optimal
portfolio diversification. The growth in Third-
Party Funds demonstrates strong customer
confidence and robust liquidity to support
business expansion. Overall, these
achievements reinforce Bank Mandiri’s
position as a leader in sustaining growth
momentum, showcasing adaptability
and innovation in meeting market needs,
and strengthening its contribution to the
national economy.
MAIN
HIGHLIGHTS
PT BANK MANDIRI (PERSERO) TBK 24 25 ANNUAL REPORT 2024
Page 15
MAIN HIGHLIGHTS
PERFORMANCE SUMMARY 2024 PERFORMANCE SUMMARY 2024
Consolidated Consolidated Consolidated PPOP
Net Profit Total Assets Casa Ratio
Rp
55.78
trillion
Rp
2,427.22
trillion
74.83% Rp
87.99
trillion
increased level in 2024 from
grew 1.31% yoy in 2024 from grew 11.6% yoy in 2024 from grew 3.77% yoy in 2024 from Rp84.96
74.30% in 2023.
Rp55.06 trillion in 2023 Rp2,174.22 trillion in 2023 trillion in 2023
Consolidated Third Consolidated Net ROE Avg. Tier I Capital
Party Funds Interest Income (Bank Only)
Rp
1,698.90
trillion
Rp
104.28
trillion 24.19%
grew 7.73% yoy in 2024 from grew 6.40% yoy in 2024 from Rp98.01 decreased in 2024 from 27.31% in
Rp1,576.95 trillion in 2023 trillion in 2023 2023
Consolidated Loans*) Consolidated Non- RASIO NPL GROSS
1,670.55
Interest Income (Bank-Only)
Rp
trillion
Rp
42.32
trillion 0.97%
grew 19.5% yoy in 2024 from
Rp1,398.07 trillion in 2023 grew 4.12% yoy in 2024 from decreased by 5 bps yoy in 2024
Rp40.65 trillion in 2023 from 1.02% in 2023
*) Consolidated Loans include Consumer
Financing Receivables and Net Investment in
Lease Financing
PT BANK MANDIRI (PERSERO) TBK 26 27 ANNUAL REPORT 2024
Page 16
MAIN HIGHLIGHTS
FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS AND FINANCIAL RATIOS
AND FINANCIAL RATIOS
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
DESCRIPTION 2024 2023 2022 2021 2020
Expressed in millions of Rupiah))
LIABILITIES
DESCRIPTION 2024 2023 2022 2021 2020 Obligations Due Immediate 5,703,731 4,484,956 4,056,029 5,380,474 4,286,333
Deposits from Customers 1,446,234,957 1,351,448,149 1,295,575,929 1,115,278,713 995,200,668
ASSETS
Deposits from Other Banks 27,042,709 17,684,780 14,847,409 12,800,392 7,391,225
Cash 31,665,082 26,431,740 27,212,759 23,948,485 26,225,089
Liabilities to Unit-Linked Policyholders 28,012,886 29,194,702 29,710,227 30,657,570 27,850,536
Current Accounts with Bank Indonesia 105,146,044 108,605,322 107,349,158 99,023,492 52,238,679
Securities Sold Under Agreements to 90,256,225 36,330,064 24,325,475 5,427,998 1,330,068
Current Accounts with Other Banks 46,668,439 36,606,090 47,809,985 25,441,661 26,499,072 Repurchase Liabilities
Allowance for Impairment Losses (30,755) (32,205) (20,285) (24,043) (77,112) Derivative Payables 7,336,998 2,113,853 2,126,769 1,018,751 1,570,506
Placements with Bank Indonesia and 63,230,054 73,888,157 95,324,112 47,785,191 82,442,619 Acceptance Payable 9,136,013 14,793,888 11,781,581 10,273,444 10,232,855
other Banks Deferred Tax Liabilities 9,278 - - - -
Allowance for Impairment Losses (1,679) (957) (3,601) (1,675) (46,772) Debt Securities Issued - Net 41,141,067 50,317,764 45,774,139 45,138,342 39,111,473
Marketable Securities 95,529,548 94,696,116 82,841,009 98,203,174 90,233,679 Estimated Losses on Commitment and 1,114,013 1,143,758 2,073,429 2,295,241 3,475,979
Allowance for Impairment Losses (51,497) (150,275) (41,191) (99,504) 336,394 Contingencies
Government Bonds 287,272,659 309,182,971 329,211,764 289,054,774 178,743,845 Accrued Expenses 5,466,461 4,799,446 6,493,794 6,526,489 5,748,405
Other Receivables - Trade Transactions 29,974,117 26,044,553 33,793,264 29,298,268 29,995,864 Taxes Payable 3,078,642 2,690,902 3,590,522 2,862,716 2,059,214
Allowance for Impairment Losses (1,422,889) (1,494,653) (1,604,705) (1,480,721) (1,687,776) Employee Benefit Liabilities 7,160,018 11,894,629 12,607,759 11,205,546 8,319,149
Securities Purchased Under Agreements 8,290,138 22,692,928 11,705,989 27,317,000 55,094,456 Provisions 264,275 286,081 323,365 413,876 546,237
to Resell Other Liabilities 40,131,500 37,399,213 27,336,753 25,276,602 26,321,079
Derivative Receivables 7,761,508 1,994,931 2,252,141 1,669,838 2,578,947 Fund Borrowings 147,915,981 95,445,459 62,840,118 51,398,940 52,810,689
Loans and Sharia Receivables/Financing 1,623,216,612 1,359,832,195 1,172,599,882 1,026,224,827 942,067,687 Subordinated Loans and Marketable 403,562 415,171 633,333 637,143 650,966
Allowance for Impairment Losses (49,354,645) (53,098,619) (64,612,645) (68,588,680) (65,016,458) Securities
Consumer Financing Receivables 41,573,306 32,749,796 23,757,727 19,108,322 19,078,408 Total Liabilities 1,860,408,316 1,660,442,815 1,544,096,631 1,326,592,237 1,186,905,382
Allowance for Impairment Losses (934,353) (713,044) (610,361) (475,015) (428,509)
Net Investment Finance Leases 5,757,076 5,489,242 5,872,560 4,823,773 3,581,422
Allowance for Impairment Losses (103,337) (70,170) (139,173) (129,967) (58,955)
Acceptance Receivables 9,313,865 14,793,888 11,781,581 10,273,444 10,232,855
Allowance for Impairment Losses (31,340) (122,212) (61,963) (196,693) (123,609)
Investments in Shares 2,418,734 1,861,487 2,757,594 2,446,988 2,264,636
Allowance for Impairment Losses (1,986) (34,123) (68,640) (14,595) (14,619)
Prepaid Expenses 4,827,723 2,719,789 1,895,503 1,470,251 1,626,435
Prepaid Taxes 739,015 436,532 1,164,925 2,073,725 2,178,758
Fixed Assets and Right-of-use Assets 90,458,680 82,315,031 56,540,566 49,144,792 48,306,843
Accumulated Depreciation (27,427,835) (24,337,324) (21,429,332) (18,358,475) (16,015,645)
Intangible Assets 15,743,152 13,669,071 5.093.609 10,634,761 4,545,439
Accumulated Amortization (8,698,409) (7,794,473) (6,618,431) (5.523.002) (4,735,341)
Other Assets 38,930,431 39,474,741 28,697,644 23,847,463 23,051,381
Allowance for Other Impairment Losses (1,587,650) (1,596,320) (1,725,528) (1,690,929) (1,645,915)
Deferred Tax Assets - Net 8,353,454 10,179,244 12,045,479 10,354,794 8,095,869
Total Assets 2,427,223,262 2,174,219,449 1,992,544,687 1,725,611,128 1,541,964,567
PT BANK MANDIRI (PERSERO) TBK 28 29 ANNUAL REPORT 2024
Page 17
MAIN HIGHLIGHTS
FINANCIAL HIGHLIGHTS AND FINANCIAL RATIOS FINANCIAL HIGHLIGHTS AND FINANCIAL RATIOS
DESCRIPTION 2024 2023 2022 2021 2020 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Temporary Syirkah Funds (Expressed in millions of Rupiah)
Deposits from Customers 252,661,959 225,501,470 195,268,663 175,897,406 149,439,073 DESCRIPTION 2024 2023 2022 2021 2020
Deposits from Other Banks 678,306 780,202 933,938 1,010,203 920,444 Income and Expenses from Operations
Total Temporary Syirkah Funds 253,340,265 226,281,672 196,202,601 176,907,609 150,359,517 Net Interest and Sharia Income 101,756,920 95,886,574 87,903,354 73,062,494 62,520,805
EQUITY Net Premium Income - Net 2,520,813 2,123,046 2,467,698 1,787,933 1,513,715
Share Capital 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667 Net Interest, Sharia and Premium Income 104,277,733 98,009,620 90,371,052 74,850,427 64,034,520
Additional paid-in capital/agio 18,095,274 17,643,264 17,643,264 17,643,264 17,316,192 Other Operating Income 42,171,015 40,522,846 34,280,703 29,028,020 28,594,397
Treasury Stock - - - (150,895) (150,895) Allowance for Impairment Losses (11,811,786) (11,152,853) (16,096,382) (20,428,352) (23,355,311)
Differences arising from translation Reversal of Allowance for Estimated Losses on
33,829 918,531 255,268 1,162,993 (1,223,263)
of financial statements in foreign 10,289 (146,299) (60,427) (88,985) (116,031) Commitments and Contingencies
currencies Reversal/(Allowance) for Other Impairment
(151,047) 85,615 (282,073) (277,942) (276,133)
Net unrealised (loss)/gain from Losses and operational risk losses
(decrease)/increase in fair value Unrealized Gain/(Loss) from Increase/(Decrease)
of financial assets through other (2,160,850) (1,837,760) (2,768,553) 1,692,145 4,430,511 in Fair Value of Policyholders Investment in Unit-Link - - - 2,824 12,487
comprehensive income - net of Contracts
deferred tax
Gains on Sale of Marketable Securities and
150,297 125,295 899,579 3,242,400 999,026
Effective portion of cash flow hedges (8,885) 1,429 (3,156) (370) (15,319) Government Bonds
Net differences in fixed assets Other Operating Expenses (58,610,446) (53,867,491) (53,260,058) (49,140,167) (44,530,236)
34,772,745 34,716,693 34,716,693 30,140,345 30,115,479
revaluation
Income From Operation 76,059,595 74,641,563 56,168,089 38,440,203 24,255,487
Net actuarial gain from defined
1,595,606 1,517,183 1,510,016 1,217,456 1,040,657
benefit program - net of deferred tax Non-Operating Income/(Expense) - Net 343,891 43,318 209,637 (81,782) 136,918
Other comprehensive income 85,052 85,052 85,052 85,052 85,052 Income Before Tax Expense and Noncontrolling
76,403,486 74,684,881 56,377,726 38,358,421 24,392,405
Interest
Merging Entities Equity - - - - 5,555,377
Tax Expense - Net (15,238,365) (14,633,011) (11,425,358) (7,807,324) (5,993,477)
Difference in transactions with non-
(309,938) (97,202) (97,202) (106,001) (106,001)
controlling parties Net Income for The Year 61,165,121 60,051,870 44,952,368 30,551,097 18,398,928
Retained earnings 220,050,469 197,303,757 166,986,432 142,587,934 119,556,775 Items that will not be Reclassified to Profit or Loss 259,871 (15,051) 4,929,043 536,055 383,703
Non-controlling interest in net assets of Items that will be Reclassified to Profit or Loss (278,227) 921,140 (4,534,869) (2,767,231) 3,003,448
29,678,252 26,642,178 22,566,669 17,424,670 15,321,204
consolidated Subsidiaries
Other Comprehensive Income/(Expense) for the
TOTAL EQUITY 313,474,681 287,494,962 252,245,455 222,111,282 204,699,668 (18,356) 906,089 394,174 (2,231,176) 3,387,151
Year
TOTAL LIABILITIES, TEMPORARY SYIRKAH Total Comprehensive Income for the Year 61,146,765 60,957,959 45,346,542 28,319,921 21,786,079
2,427,223,262 2,174,219,449 1,992,544,687 1,725,611,128 1,541,964,567
FUNDS AND EQUITY
Net income for The Year Attributable to:
Parent Entity 55,782,742 55,060,057 41,170,637 28,028,155 16,799,515
Non-controlling Interests 5,382,379 4,991,813 3,781,731 2,522,942 1,599,413
61,165,121 60,051,870 44,952,368 30,551,097 18,398,928
Total Comprehensive Income for The Year
Attributable to:
Parent Entity 55,740,401 55,916,730 41,604,619 25,638,536 20,121,679
Non-controlling Interests 5,406,364 5,041,229 3,741,923 2,681,385 1,664,400
61,146,765 60,957,959 45,346,542 28,319,921 21,786,079
Basic and Diluted Earnings Per Share Attributable
to Equity Holders of The Parent Entity (full amount 597.67 589.93 441.26 60.06 360.18
of Rupiah)
PT BANK MANDIRI (PERSERO) TBK 30 31 ANNUAL REPORT 2024
Page 18
MAIN HIGHLIGHTS
FINANCIAL HIGHLIGHTS AND FINANCIAL RATIOS FINANCIAL HIGHLIGHTS AND FINANCIAL RATIOS
CONSOLIDATED STATEMENTS OF CASH FLOWS DESCRIPTION 2024 2023 2022 2021 2020
(Expressed in millions of Rupiah) Profitability
DESCRIPTION 2024 2023 2022 2021 2020 Return on Assets (ROA) 3.59% 4.03% 3.30% 2.53% 1.64%
Net Cash (Used In)/Provided by Operating Return on Equity (ROE) 24.19% 27.31% 22.62% 16.24% 9.36%
(79,558,278) (69,803,958) 99,975,305 129,892,493 109,894,642
Activities Net Interest Margin (NIM) 4.93% 5.25% 5.16% 4.73% 4.48%
Net Cash Provided by/(Used In) Investing
17,730,695 17,884,187 (41,889,931) (132,477,052) (41,558,403) Operating Expense to Operating Income
Activities 56.46% 51.88% 57.35% 67.26% 80.03%
(BOPO)
Net Cash Provided by/(Used in) Financing
57,849,151 21,778,486 13,329,320 (3,435,459) (14,392,185) Profit (Loss) to Total Assets Ratio 2.72% 3.03% 2.40% 1.87% 1.17%
Activities
Net (Decrease)/Increase in Cash and Cash Profit (Loss) to Total Equity Ratio 19.89% 21.43% 17.84% 13.39% 8.06%
(3,978,432) (30,141,285) 71,414,694 (6,020,018) 53,944,054
Equivalents Liabilities to Total Assets Ratio 86.30% 85.88% 86.55% 86.00% 85.47%
Effects of Exchange Rate Changes on Cash Liabilities to Equity Ratio 630.12% 608.39% 643.38% 614.41% 588.11%
4,214,862 (946,566) 9,843,138 (269,997) 1,411,999
and Cash Equivalents
Fee Based Income to Total Operating
Cash and Cash Equivalents at The Beginning 29.45% 31.30% 29.32% 31.87% 32.09%
243,801,693 274,889,544 193,631,712 199,921,727 144,565,674 Income Ratio
of Year
Liquidity
Cash and Cash Equivalents at The End of Year 244,038,123 243,801,693 274,889,544 193,631,712 199,921,727
Loan to Deposit Ratio (LDR) 98.04% 86.75% 77.61% 80.04% 82.95%
Macroprudential Intermediation Ratio (RIM) 94.83% 83.73% 75.98% 78.35% 80.84%
FINANCIAL RATIOS (BANK ONLY) Liquid Assets to Total Assets Ratio 8.48% 11.46% 15.13% 14.60% 17.27%
Total Liquid Assets to Short-Term Funding
DESCRIPTION 2024 2023 2022 2021 2020 11.55% 15.11% 19.40% 18.76% 22.38%
Ratio
Capital The Ratio of MSMES Loans to Total Loans 8.10% 8.90% 9.52% 8.82% 7.18%
Capital Adequacy Ratio (CAR) 20.10% 21.48% 19.46% 19.60% 19.90% Total CASA (in Rupiah Million) 1,065,573,072 986,242,957 926,358,185 759,312,828 622,685,004
CAR into Account Credit and Operational Liquidity Coverage Ratio (LCR) 139.21% 176.24% 191.02% 200.56% 217.53%
20.44% 21.69% 19.57% 19.73% 20.16%
Risk
Net Stable Funding Ratio (NSFR) 107.60% 116.59% 119.93% 126.20% 126.10%
CAR including Credit, Operational and
20.10% 21.48% 19.46% 19.60% 19.90% Compliance
Market Risk
Fixed Assets to Capital 21.92% 23.16% 29.47% 28.04% 29.34% Percentage of Violation of Legal Lending
Limit
Earning Assets
a.1. Related Parties 0.00% 0.00% 0.00% 0.00% 0.00%
Non-Performing Earnings Assets and Non-
Earnings Assets to Total Earnings and Non- 0.68% 0.70% 1.09% 1.63% 1.91% a.2. Third Parties 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Assets
Percentage of Excess of Legal Lending Limit
Non-Performing Earnings Assets to Total
0.67% 0.68% 1.09% 1.60% 2.36% b.1. Related Parties 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Assets
Allowance for Impairment Losses for Financial b.2. Third Parties 0.00% 0.00% 0.00% 0.00% 0.00%
2.32% 2.87% 3.91% 5.04% 5.36%
Assets to Earnings Assets Primary Reserve Requirement Rupiah 5.21% 7.32% 8.53% 3.97% 3.50%
Allowance for Impairment Losses on Earning Secondary Reserve Requirement Rupiah 9.17% 19.25% 21.14% 27.57% 23.50%
39,703,459 43,958,509 55,999,971 62,233,447 60,458,260
Assets fulfilment (in Rupiah Million)
Reserve Requirement Foreign Currencies 4.10% 4.10% 4.10% 4.10% 4.10%
Allowance for Impairment Losses on Non-
649,811 541,819 539,972 332,415 397,231
Earning Assets fulfilment (in Rupiah Million) Reserve Requirement LFR 0.25% 0.68% 0.87% 1.17% 0.00%
Gross NPL 0.97% 1.02% 1.88% 2.81% 3.29% Net Open Position 1.00% 1.28% 9.78% 4.27% 0.91%
Net NPL 0.33% 0.29% 0.26% 0.41% 0.43% Other Ratios
Ratio of Credit to Total Earning Assets 76.51% 70.92% 65.08% 67.05% 67.67% LLR / Gross NPL (Coverage Ratio) 303.85% 384.36% 310.98% 261.52% 234.90%
Ratio of Core Debtors to Total Loans 26.98% 29.97% 54.20% 31.04% 31.14% Cost to Income Ratio (CIR) 35.04% 34.36% 38.19% 42.54% 44.89%
Profit Before Tax/Employee (in Rupiah Million) 1,620.29 1,611.37 1,224.57 838.30 496.65
PT BANK MANDIRI (PERSERO) TBK 32 33 ANNUAL REPORT 2024
Page 19
MAIN HIGHLIGHTS
OPERATIONAL HIGHLIGHTS SHARE INFORMATION
OPERATIONAL PERFORMANCE OF CORPORATE BANKING SEGMENT SHARES TRANSACTION PERFORMANCE
(Expressed in millions of Rupiah)
Bank Mandiri Share Price, Volume, and Capitalization 2015-2024
PRODUCTS 2024 2023 2022 2021 2020
Price per Share (Rp) Total Shares Transaction Market
Third Party Funds 329,567,976 299,754,584 313,632,966 219,773,632 163,651,031 Year Opening Closing Outstanding Volume Capitalization
Highest Lowest (Share (Share) (Rp Trillion)
Current Accounts 266,264,072 256,481,994 260,843,103 173,563,471 120,560,259
2024
Savings 22,875,714 16,495,482 12,153,395 9,012,168 7,086,785
Quarter I 6,050 7,500 6,025 7,250 93,333,333,332 5,884,786,400 669.90
Deposits 40,428,190 26,777,108 40,636,468 37,197,993 36,003,987
Quarter II 7,250 7,250 5,525 6,150 93,333,333,332 7,275,204,100 568.26
Total Credit 515,387,333 409,857,020 364,163,362 333,835,899 309,632,987 Quarter III 6,150 7,550 6,100 6,925 93,333,333,332 6,287,697,700 639.87
Total Fee Based Income 3,950,298 3,198,531 2,792,542 2,211,409 2,436,952 Quarter IV 7,000 7,300 5,600 5,700 93,333,333,332 5,922,091,000 532.00
2023
Quarter I 9,925 10,950 8,900 10,325 46,666,666,666 3,135,250,700 477.02
OPERATIONAL PERFORMANCE OF COMMERCIAL BANKING SEGMENT Quarter II 10,400 10,525 4,950 5,200 93,333,333,332 4,839,504,200 480.48
(Expressed in millions of Rupiah) Quarter III 5,125 6,150 5,125 6,025 93,333,333,332 5,516,568,700 556.71
Quarter IV 6,025 6,200 5,625 6,050 93,333,333,332 4,306,109,100 559.02
PRODUCTS 2024 2023 2022 2021 2020
2022
Third Party Funds 161,187,299 151,073,945 138,218,684 112,350,935 89,245,593 Quarter I 7,100 8,100 6,925 7,900 46,666,666,666 3,142,711,100 368.67
Current Accounts 101,979,504 93,063,724 84,400,131 68,344,104 51,341,009 Quarter II 7,900 9,075 7,575 7,925 46,666,666,666 4,082,877,600 369.83
Savings 29,835,214 21,869,357 16,721,977 10,970,515 9,282,877 Quarter III 7,875 8,850 7,175 9,425 46,666,666,666 2,198,726,700 439.83
Time Deposits 29,372,581 36,140,864 37,096,576 33,036,317 28,621,707 Quarter IV 9,325 11,000 9,225 9,925 46,666,666,666 3,205,615,100 463.17
Total Loans 292,862,407 235,853,863 193,865,007 173,785,473 157,175,688 2021
Quarter I 4,650 6,325 6,125 6,150 46,666,666,666 3,667,738,100 287.00
Total Fee Based Income 1,209,565 973,759 909,000 825,498 735,345
Quarter II 5,025 5,950 5,800 5,900 46,666,666,666 2,637,732,900 275.33
Quarter III 5,100 6,150 6,000 6,150 46,666,666,666 4,809,424,400 287.00
Quarter IV 6,525 7,125 7,025 7,025 46,666,666,666 2,857,196,200 327.83
OPERATIONAL PERFORMANCE OF RETAIL BANKING SEGMENT 2020
Quarter I 4,650 4,820 4,450 4,680 46,666,666,666 3,913,769,100 218.40
(Expressed in millions of Rupiah)
Quarter II 5,025 5,050 4,950 4,950 46,666,666,666 4,949,912,800 231.00
PRODUCTS 2024 2023 2022 2021 2020 Quarter III 5,100 5,150 4,860 4,960 46,666,666,666 3,127,719,800 231.47
Third Party Funds 827,445,924 679,380,210 302,526,234 614,853,074 558,884,289 Quarter IV 6,525 6,525 6,325 6,325 46,666,666,666 3,545,255,800 295.17
2019
Current Accounts 121,995,373 115,236,424 101,871,549 89,643,757 68,831,715
Quarter I 7,400 8,050 6,650 7,450 46,666,666,666 3,037,818,600 347.67
Savings 459,185,804 414,655,290 157,981,554 360,351,355 322,109,076
Quarter II 7,500 8,125 6,975 8,025 46,666,666,666 2,667,258,100 374.50
Deposits 246,264,747 149,488,496 42,673,131 164,857,962 167,943,498 Quarter III 8,050 8,175 6,825 6,975 46,666,666,666 2,600,509,300 325.50
Total Credit 397,443,310 358,074,141 322,250,318 284,190,952 262,713,556 Quarter IV 6,900 7,825 6,275 7,675 46,666,666,666 2,656,448,300 358.17
Total Fee Based Income 13,919,400 13,331,310 11,703,398 9,979,710 9,377,457 2018
Quarter I 7,975 9,050 7,675 7,675 46,666,666,666 2,391,994,300 358.17
Quarter II 7,575 8,075 6,500 6,850 46,666,666,666 2,471,927,000 319.67
OPERATIONAL PERFORMANCE OF TREASURY AND INTERNATIONAL BANKING SEGMENT Quarter III 6,975 7,350 6,300 6,725 46,666,666,666 2,181,434,200 313.83
Quarter IV 6,600 7,700 6,200 7,375 46,666,666,666 2,387,837,400 344.17
(Expressed in millions of Rupiah)
2017
PRODUCTS 2024 2023 2022 2021 2020 Quarter I 11,300 11,900 10,900 11,700 23,333,333,333 2,210,511,800 273.00
Third Party Funds 10,451,047 11,865,642 10,005,241 9,348,764 9,086,812 Quarter II 11,750 12,900 11,400 12,750 23,333,333,333 2,044,842,000 297.50
Current Accounts 5,041,157 4,902,962 5,045,475 4,641,769 4,443,589 Quarter III 6,750 6,825* 6,475* 6,725* 46,666,666,666*
2,135,509,000 313.83
Savings 426,607 190,222 198,973 220,714 109,541 Quarter IV 6,725 8,000 6,600 8,000 46,666,666,666 2,611,076,700 373.33
2016
Deposits 4,983,283 6,772,458 4,760,793 4,486,281 4,533,682
Quarter I 9,200 10,350 9,100 10,300 23,333,333,333 1,575,788,096 240.33
Total Credit 8,748,909 7,162,500 5,801,787 6,609,657 8,620,596 Quarter II 10,225 10,357 8,700 9,525 23,333,333,333 1,369,132,900 222.25
Total Fee Based Income 3,045,202 3,037,317 3,820,246 6,401,909 5,002,745 Quarter III 9,500 11,800 9,400 11,200 23,333,333,333 1,683,095,896 261.33
Quarter IV 11,325 11,575 10,100 11,575 23,333,333,333 1,268,503,900 270.08
2015
OPERATIONAL PERFORMANCE OF GOVERNMENT INSTITUTIONAL SEGMENT Quarter I 10,775 12,475 10,700 12,475 23,333,333,333 1,281,646,000 291.08
(Expressed in millions of Rupiah) Quarter II 12,475 12,275 9,425 10,050 23,333,333,333 1,644,480,096 234.50
Quarter III 10,125 10,400 7,525 7,925 23,333,333,333 1,584,873,000 184.92
PRODUCTS 2024 2023 2022 2021 2020
Quarter IV 8,000 9,650 7,675 9,250 23,333,333,333 1,296,309,704 215.83
Third Party Funds 102,937,622 97,894,109 64,954,271 73,330,551 94,323,909
*) Bank Mandiri exercised the corporate action of stock split which became effective as of 6 April 2023.
Current Accounts 56,424,491 63,703,665 43,783,042 44,423,521 42,879,895
Savings 2,216,055 1,062,603 871,467 968,397 1,133,228
Time Deposits 44,297,076 33,127,841 20,299,762 27,938,633 50,310,786
Loans 96,337,445 72,741,580 44,119,013 29,760,884 24,577,377
Fee Based Income 588,418 531,462 409,243 449,635 354,456
PT BANK MANDIRI (PERSERO) TBK 34 35 ANNUAL REPORT 2024
Page 20
MAIN HIGHLIGHTS
SHARE INFORMATION SHARE INFORMATION
Share Price Movement Chart
Bank Mandiri Shares Price and Transaction Volume Movement 2023 - 2024
Bank Mandiri Stock Price Movements For 2023 – 2024
Stock Opening, Highest Closing, Lowest Closing, and Closing Prices in Every Quarter (IDR)
Transaction Volume & Closing Share Price
Bank Mandiri Share Price Performance
12.000 8,000
10,325
12,000 8,000 7,000
10,950 10.000
10,325 6,000
7,000
10,000 9,925 8.000
5,000
6,000
8,000 7,550 6.000 4,000
8,900 7,300 5,000
7,000 5,700 3,000
6,000 5,700 4,000 4.000
5,525 5,600 2,000
3,000 2.000
4,000 1,000
2,000
0 0
2,000
1,000 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
0 0
Volume (Million Shares) Closing
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Volume (Million Shares) Closing
Opening Share Price Highest Share Price
Lowest Share Price Closing Share Price
Bank Mandiri Shares Transaction Volume 2023 - 2024 Bank Mandiri Shares Market Capitalization 2023 – 2024
Market Capitalization
(Rp Trillion)
8,000
7,275.20
800
7,000
6,287.70 700 669.90
5,884.79 5,922.09 559.71 639.87
5,516.57 6,000
600 556.71 568.26
4,839.50 532.00
5,000 500 477.02 480.48
4,306.11
4,000 400
3,135.25
3,000 300
2,000 200
100
1,000
0
0
Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q2 2024
Market Capitalization (Rp Trillion)
Volume (Million Shares)
PT BANK MANDIRI (PERSERO) TBK 36 37 ANNUAL REPORT 2024
Page 21
MAIN HIGHLIGHTS
CORPORATE ACTION BONDS, SUKUK, OR
CONVERSION BONDS
INFORMATION
Transfer of 60% Ownership of Mandiri Inhealth Capital Injection into PT Kliring Penjaminan
Shares from Bank Mandiri to IFG Life. Efek Indonesia (KPEI) Bonds Series
Nominal
Interest Rate
Ratings
Due Date
(Rp million) 2024 2023
To support the development of a Central
Rupiah Denominations
On 7 February 2024, Bank Mandiri and PT Asuransi Counterparty (CCP) for transactions in the Money
30 September
Jiwa IFG (IFG Life) signed a Share Purchase Market and Foreign Exchange Market, particularly A 1,100,000 7.95% - -
2021
Agreement (PPJB) related to the planned transfer for Over-The-Counter Derivatives Transactions Continuous Bonds I Bank
30 September
Mandiri Phase I Year B 1,500,000 8.50% - -
of 60% ownership of shares in PT Asuransi Jiwa on Interest Rates and Exchange Rates, as part 2023
2016
idAAA idAAA 30 September
Inhealth Indonesia (Mandiri Inhealth) from Bank of the implementation of Law No. 4 of 2023 on C 2,400,000 8.65%
(Pefindo) (Pefindo) 2026
Mandiri to IFG Life. On 26 June 22024, the Share Financial Sector Development and Strengthening A 1,000,000 8.00% - - 15 June 2022
Acquisition Deed No. 88 was signed between and Bank Indonesia Regulation No. 6 of 2024 on idAAA
Continuous Bonds I Bank B 3,000,000 8.50% - 15 June 2024
Bank Mandiri and IFG Life, with the Share Purchase Money Market and Foreign Exchange Market, Mandiri Phase II Year
(Pefindo)
Deed No. 89 between Kimia Farma and IFG Life. Bank Mandiri has made a capital injection 2017 idAAA idAAA
C 1,000,000 8.65% 15 June 2027
(Pefindo) (Pefindo)
Following the signing of these documents, the for 2,500 Series B shares (representing a 1.11% D 1,000,000 7.80% - - 15 June 2020
shareholder composition of Mandiri Inhealth ownership stake) to KPEI, which functions as the idAAA idAAA
Continuous Bonds II Bank A 350,000 7.75% 12 May 2025
changed, with IFG Life owning 80% of the shares CCP operator in Indonesia. Mandiri Phase I Year
(Pefindo) (Pefindo)
and Bank Mandiri owning 20%. This share transfer 2020 idAAA idAAA
B 650,000 8.30% 12 May 2027
(Pefindo) (Pefindo)
transaction constitutes a business combination
idAAA idAAA
under common control, where the ultimate Additional Capital Injection into Mandiri Continuous Green Bond A 1,950,000 5.80%
(Pefindo) (Pefindo)
4 July 2026
I Bank Mandiri Phase I
shareholder of the Mandiri Inhealth shareholders, Utama Finance (MUF) Year 2023 B 3,050,000 6.10%
idAAA idAAA
4 July 2028
(Pefindo) (Pefindo)
Bank Mandiri, Kimia Farma, and IFG Life, is the To strengthen synergy and transform its business
Subordinated Medium
Government of the Republic of Indonesia. in the multifinance segment, Bank Mandiri carried Term
- 100,000 6.95% idAA (Pefindo) - 23 June 2028
out additional capital injection into MUF through Foreign Currency Denominations
Repayment of Principal for Bank Mandiri the purchase of 2,449,999,999 (two billion four Euro Medium Term
Baa2 (Moody’s) Baa2 (Moody’s)
Continuous Bonds I Phase II Year 2017 Series hundred forty-nine million nine hundred ninety- Notes I 2019
- USD750,000,000 3.75% dan BBB- (Fitch dan BBB- (Fitch 11 April 2024
Ratings) Ratings)
B nine thousand nine hundred ninety-nine) MUF Baa2 (Moody’s) Baa2 (Moody’s)
Euro Medium Term
On 15 June 2024, Bank Mandiri completed the shares owned by PT Asco Investindo and PT Tunas Notes II 2020
- USD500,000,000 4.75% dan BBB- (Fitch dan BBB- (Fitch 13 May 2025
Ratings) Ratings)
principal repayment of its Continuous Bonds Ridean. This transaction increased Bank Mandiri’s
Euro Medium Term
I Phase II Year 2017 Series B, amounting to ownership in MUF from 51% to 99.9999999998%. Notes III (Bank Mandiri
Baa2 (Moody’s) Baa2 (Moody’s)
- USD300,000,000 2.00% dan BBB- (Fitch dan BBB- (Fitch 19 April 2026
Rp3,000,000,000,000 (three trillion rupiah), through Sustainability Bonds
Ratings) Ratings)
2021) in 2021
PT Kustodian Sentral Efek Indonesia.
Baa2 (Moody’s) Baa2 (Moody’s)
Euro Medium Term
- USD300,000,000 5.50% dan BBB- (Fitch dan BBB- (Fitch 4 April 2026
Notes IV 2023
Repayment of Principal for Euro Medium Ratings) Ratings)
Term Notes I 2019
On 11 April 2024, Bank Mandiri completed the
principal repayment of its Euro Medium Term
Notes I 2019, amounting to USD750,000,000.
SUSPENSION AND/OR
DELISTING
As of 31 December 2024, Bank Mandiri has never been subjected to stock trading suspension and/or
stock delisting sanctions.
PT BANK MANDIRI (PERSERO) TBK 38 39 ANNUAL REPORT 2024
Page 22
MAIN HIGHLIGHTS
CORPORATE RATING 2024 ANALYST REPORT
Rating Agency Ratings Validity No. Securities Recommendations Target Resume Date
Moody’s (19 February 2024) 2. DBS Vickers BUY 7,500 BMRI’s ongoing efforts to enhance Livin’ and 31 January
Outlook STABLE 1 year Kopra to drive retail and wholesale banking 2024
LT Counterparty Risk Rating Baa1 performance continue to support growth across
LT Debt Baa2 various segments. We also expect BMRI to
LT Deposit Baa2 sustain yield improvements through changes in
Pefindo (15 February 2024) its loan mix, re-pricing strategies, contributions
Corporate Rating STABLE 1 year from BSI, and the ongoing economic recovery,
which should help improve its NIM by 23 bps to
LT General Obligation idAAA
5.9% in 2024F. Additionally, BMRI is working to
MSCI (29 May 2024)
lower its CIR as various digital initiatives continue
ESG Rating BBB 1 year
to drive efficiency, with a long-term target of
Fitch Rating (21 May 2024) approximately 36%.
Outlook STABLE 1 year
International LT Rating BBB With digitalization, BMRI has recorded a higher
International ST Rating F2 CASA ratio, which has also led to an increase in
National LT Rating AAA(idn) deposit levels. This enables the bank to sustain
National ST Rating F1+(idn) stable and strong loan growth. Based on our
Viability Rating bbb- estimates, Mandiri is expected to achieve 11%
Government Support bbb YoY loan growth in FY24F while maintaining its
Loan-to-Deposit Ratio (LDR) at 85%.
Standard & Poor (1 October 2024)
Issuer Credit Rating BBB/STABLE/A-2 1 year
We believe BMRI will continue to improve its
ROE by optimizing its asset mix and yields while
gaining market share through value chain growth
strategies and digital innovation, all while working
ANALYST REPORT
to reduce structural costs. With these factors in
play, we estimate Mandiri’s ROE to reach 23% in
2024F.
Our target price (TP) of Rp7,500 implies a 2.5x FY24F
No. Securities Recommendations Target Resume Date
P/BV, slightly below +2SD of the 10-year average
1. Indo BUY 8,000 FY23 net profit reached Rp55.1 trillion (+34% YoY / 31 January P/BV. The TP assumes an ROE of approximately
Premier +16% QoQ), exceeding our consensus estimates 2024 23% (previously 21%), a growth rate of 9%, and a
at 110/107%, the strongest among the top four cost of equity of 15% (previously 14%).
banks. Loan growth stood at 16% YoY, while CASA
(Current Account/Savings Account) grew by 7%
3. CLSA OUTPERFORM 6,700 Mandiri posted a 15.6% QoQ profit growth in 1 February 2024
YoY (savings by 6% YoY), marking the highest
4Q23, driven by 6% loan growth and a 34%
growth in the industry. This validates our re-rating
decline in provision expenses, despite a margin
thesis. Cost of Credit was recorded at 0.9% (still
contraction of 11 bps. Its FY23 results exceeded
twice that of BCA), as Loan at Risk declined to
our estimates and Bloomberg consensus by
8.6% compared to BCA’s 7%. We maintain a BUY
10% and 7%, respectively. This year, the focus
rating with a higher Target Price of 8,000, based
will be on maintaining margins amid continued
on a P/B multiple of 2.4x.
tight liquidity in 1H24 while driving low-to-mid
loan growth. Credit costs are also expected to
We have raised our FY24/25F EPS estimates by
normalize.
+12%/+14%, reflecting a higher Target Price of
Rp8,000 based on a P/B multiple of 2.4x. The stock
Overall, this is another strong performance from
is currently trading at 2.0x FY24F P/B (vs. the 10-
Mandiri, alongside lower Cost of Credit (CoC).
year average of 1.6x) and 9.9x FY24F P/E (vs. the
Key guidance items for 2024 align with our 24CL
10-year average of 11.9x), supporting a re-rating
estimates, except for loan growth. We factor in
driven by strong loan and CASA growth. The key
approximately 11% growth, considering this is an
risks include weaker loan growth and further NIM
election year. If Mandiri achieves its loan growth
compression due to tight liquidity conditions.
target, there could be a 1.5%–2.5% upside to our
24CL earnings estimates.
PT BANK MANDIRI (PERSERO) TBK 40 41 ANNUAL REPORT 2024
Page 23
MAIN HIGHLIGHTS
ANALYST REPORT ANALYST REPORT
No. Securities Recommendations Target Resume Date No. Securities Recommendations Target Resume Date
4. J.P. Neutral 8,000 We are downgrading BMRI to Neutral from OW. 25 October 6. UOB Kay BUY 8,120 Net profit for 3Q24 grew by 11.7% QoQ, driven by: 4 November
Morgan Incremental liquidity in Indonesia is tightening, with 2024 Hian a) strong loan growth; b) a 9.7% QoQ increase in 2024
US/ID 10Y yields up by 58/31bps from Sept-lows, e-channel income; and c) a 21% QoQ decline in
SRBI yields up by 20bps, IDR weakening by 3.6%, provision expenses. This resulted in a 20.9% ROE
and a slight decline in M2 gr to 7.3% in Aug-24. and a 7.6% YoY net profit growth for 9M24. BMRI
This may result in slower deposit and loan growth lowered its CoC guidance to below 1%, even
at BMRI. Our recent discussions suggest that though its LLR stood at 3.1% in September 2024,
CASA growth at BMRI could slow (see takeaways supported by manageable NPL formation and
from our financials forum), as evidenced by robust coverage. Livin and KOPRA contributed to
slower CASA growth of 13.8% in Aug vs. 16.1% boosting CASA and increasing recurring income
avg growth over May-July. This does not deter from e-channels. We upgrade to BUY with a
our medium to long-term optimism for BMRI, but target price of Rp8,120.
we expect the 17/18% PE/PB re- rating in the last 4
months to stall in the near term. We have lowered
our 2024 loan and deposit gr forecasts to reflect
incremental liquidity tightness, but maintain ~15%
loan gr over 2025/26E. Our 2024 EPS estimate is
3% below Street, while 2025/26 EPS estimates are
4/10% above Street. We lower our Dec-25 PT to
Rp7.5k (prev: Rp8k).
5. HSBC BUY 7,700 •
Loans growth was strong on broad-based 31 October
Global drivers, while credit costs were much lower 2024
Research across various segments
• NIM was weak and could be a swing factor
in 2025 given the strong base in 2024 set up
by other areas
• Maintain Buy rating; tweak our estimates
and increase TP to IDR7,700 (from IDR7,500)
BMRI has many broad-based drivers that can
help the bank perform well, as was seen in the
3Q24 results, where strong loans growth & low
credit costs offset weak NIM. Thus, we are positive
on BMRI which we think can navigate any
macro uncertainties well to an extent. However,
with loans growth and credit costs forming a
high base in 2024, we think NIM becomes a
swing factor for 2025 and would watch liquidity
conditions closely. 3Q24 results were 30%/28% of
HSBC/Visible Alpha consensus FY forecasts.
PT BANK MANDIRI (PERSERO) TBK 42 43 ANNUAL REPORT 2024
Page 24
MAIN HIGHLIGHTS
EVENT HIGHLIGHTS 2024 EVENT HIGHLIGHTS 2024
JANUARY FEBRUARY MARCH
6 February 2024 15 March 2024
Bank Mandiri remains committed to strengthening To facilitate home ownership
its role as a development agent through a series of for customers, Bank Mandiri is
service optimizations and innovations. As a result of this strengthening its collaboration
continuous commitment, Bank Mandiri has received with the Association of
two awards at the Alpha Southeast Asia 17th Annual Indonesian Housing and
Best Deal & Solution Awards 2023, namely Best Digital Settlement Developers
Banking App in Indonesia for Kopra by Mandiri and Best (APERSI), reflecting its
Local Currency Bond Deal of the Year in Indonesia for
31 January 2024 7 March 2024 5 March 2024 commitment to expanding
the issuance of Bank Mandiri Sustainable Green Bond I home ownership access for
Bank Mandiri’s January 2024 Phase I (Green Bond) 2023. Bank Mandiri Annual GMS, With the theme Thriving Through the community.
performance presentation. where Bank Mandiri successfully Transition, the Mandiri Investment
delivered solid performance Forum 2024 discussed strategic
growth during 2023 through issues related to Indonesia’s
a consistent business strategy economic outlook. The event
focused on potential segments was attended by President-
11 – 15 January 2024 and the optimization of digital elect Prabowo Subianto and
service development. 20,000 participants.
The presence of the Livin’
Around The World service in
various countries, launched
since 2022, has made it easier
for Indonesian citizens (WNI)
to conduct transactions
and access various financial APRIL
services, including opening
accounts through Livin’ by
Mandiri as if they were in their 25 – 30 April 2024
home country. Bank Mandiri has
also expanded digital service Bank Mandiri reaffirms its commitment to supporting
acceptance and acquisition Micro, Small, and Medium Enterprises (MSMEs)
through the Super App Livin’ by through training activities at Mandiri Digipreneur
Mandiri in Jeddah and Qatar. Hub Solo. In addition to a podcast on MSME
15 February 2024 development and an incubation program focusing
on MSME downstreaming and digitalization, the
Bank Mandiri further reinforces its commitment to event also included training on Livin’ Merchant and
sustainable economic growth by prioritizing green product photography.
business practices. This commitment is once again
demonstrated through the signing of a Memorandum
of Understanding (MoU) with PT BYD Motor Indonesia.
25 April 2024
30 April 2024 This year’s Proliga tournament is even more exciting
with the participation of the Jakarta Livin’ Mandiri
Bank Mandiri’s performance
(JLM) women’s volleyball team, supported by Bank
report for the first quarter of
Mandiri. The presence of this team demonstrates that
2024.
Bank Mandiri is not only focused on achievements
in the financial sector but also actively contributes
to the development of sports and young talent in
Indonesia.
PT BANK MANDIRI (PERSERO) TBK 44 45 ANNUAL REPORT 2024
Page 25
MAIN HIGHLIGHTS
EVENT HIGHLIGHTS 2024 EVENT HIGHLIGHTS 2024
MAY JULY
5 July 2024
17 May 2024
Bank Mandiri received eight
Bank Mandiri received the Best awards at the Asian Banking
Investortrust Companies 2024 & Finance (ABF) Awards 2024
award in the Big Cap category, across various categories,
recognizing its focus on strategic including Digital Transformation
management and innovation. of the Year, Domestic Retail
Bank of the Year, Mobile
Banking & Payment Initiative
of the Year, AI & Machine 30 July 2024 31 July 2024
Learning Initiative of the Year,
Data Governance Initiative Minister of SOEs Erick Thohir Bank Mandiri’s performance
of the Year, Private Bank of inaugurated the Nawasena report for the second quarter of
the Year, Domestic Trade Mandiri Corporate University 2024.
Finance Bank of the Year, and building. The event was also
19 – 22 May 2024 Domestic Cash Management attended by Deputy Minister
Bank of the Year. of SOEs Kartika Wirjoatmodjo,
Selected Mandirian participated directly in the Relawan Bakti Deputy for Human Resources,
BUMN Batch V program in Morowali and Raja Ampat, carrying Technology, and Information at
out various activities such as teaching, healthcare services, public the Ministry of SOEs Tedi Bharata,
facility renovations, MSME training, coral reef rehabilitation, and as well as Bank Mandiri’s key
collaboration with local communities. management.
JUNE AUGUST
28 June 2024 23 August 2024
PT CT Corpora and PT Bank Bank Mandiri has officially
Mandiri (Persero) Tbk have become the Presenting Partner
officially signed a Memorandum of Garuda National Team,
of Understanding (MoU), solidifying its support through a
covering the utilization of partnership agreement signed
various Bank Mandiri products between the Indonesian Football
and banking services to support Association (PSSI) and Bank
CT Corp’s operational business Mandiri.
needs.
30 June 2024
Held in Yogyakarta, Bank Mandiri’s annual sport tourism event,
Mandiri Jogja Marathon (MJM) 2024, attracted thousands of
runners from various regions to compete in the 5K, 10K, Half
Marathon, and Full Marathon categories. Participants took
on a challenging route while enjoying the scenic beauty of
Prambanan Temple.
PT BANK MANDIRI (PERSERO) TBK 46 47 ANNUAL REPORT 2024
Page 26
MAIN HIGHLIGHTS
EVENT HIGHLIGHTS 2024 EVENT HIGHLIGHTS 2024
SEPTEMBER NOVEMBER
10 September 2024 19 November 2024
In its commitment to expanding
Bank Mandiri, in collaboration
banking service accessibility for the
with Unilever, conducted
Indonesian community, Bank Mandiri
financial literacy and
has collaborated with the Embassy
entrepreneurship training for oil
of the Republic of Indonesia (KBRI)
palm farmers at Koperasi Unit
in Ankara, Turkey, to introduce the
Desa (KUD) Sawitra in Rokan
adaptive and solution-driven Livin’ by
Hulu Regency (Rohul).
Mandiri service.
3 September 2024
11 November 2024
Bank Mandiri reaffirms its commitment to
supporting disaster response efforts in Indonesia. Bank Mandiri is committed to 28 November 2024
This is demonstrated through the donation of expanding banking service
Bank Mandiri has collaborated with the Buddha Tzu Chi Indonesia
Search and Rescue (SAR) equipment worth accessibility for the Indonesian
Foundation, marked by the signing of a cooperation agreement
Rp452 million to the National Search and Rescue community, both domestically
for the launch of the Mandiri Tzu Chi Card credit card and the Tzu
Agency (Basarnas). and internationally. As part
Chi Donasi digital service on the Livin’ by Mandiri application.
of this effort, Bank Mandiri
participated in the Wonderful
Indonesia Festival at Sugar Land
29 November 2024
Town Square, Houston, Texas, to
introduce its enhanced foreign
OCTOBER exchange transfer services
As part of its efforts to optimize international business, Bank Mandiri
has launched Livin’ by Mandiri Timor-Leste as a strategy to help
through the Livin’ by Mandiri meet customers’ financial transaction needs at their fingertips.
application.
30 October 2024
Bank Mandiri’s performance
report for the third quarter of
2024.
DECEMBER
1 December 2024
1 October 2024 5 October 2024
Bank Mandiri continues to optimize banking services for customers
Bank Mandiri and KAI Group Bank Mandiri once again both domestically and internationally by expanding the reach
are committed to developing celebrates its anniversary with of the Livin’ by Mandiri application through the Livin’ Around The
a digital ecosystem to provide a spectacular event, Mandiri World event in Hong Kong.
adaptive and solution- Karnaval 2024. This celebration
driven services to the public. is held simultaneously across
This commitment is realized 12 Bank Mandiri regions, with 11 December 2024
through the synergy between the main event taking place at
Bank Mandiri President Director Darmawan Junaidi received the
Bank Mandiri and PT Kereta Jakarta International Stadium
Best Financial Leader 2024 award at the CNBC Indonesia Awards
Api Indonesia (Persero) or (JIS).
2024. Under his leadership, Mandiri Group has consistently driven
KAI Group to expand digital
innovation in financial services and comprehensive business
banking solutions within the
transformation.
transportation ecosystem.
PT BANK MANDIRI (PERSERO) TBK 48 49 ANNUAL REPORT 2024
Page 27
MANAGEMENT REPORTS
Bank Mandiri continues to
demonstrate its resilience by
delivering solid performance
and further strengthening its
leadership in the national
banking industry. With a
commitment to high-quality
growth and sustainability,
the Bank has successfully
expanded its assets, maintained
credit quality, and enhanced
efficiency through continuous
digitalization. Strong third-
party fund growth, particularly
from low-cost funds, has
also supported profitability
amid economic challenges.
Furthermore, Bank Mandiri
continues to expand its
innovative digital financial
services to meet customer
needs across various segments,
strengthen its role in the national
financial ecosystem, and
prioritize the implementation
of its Sustainability strategy.
These overall achievements are
aligned with the theme of the
2024 Annual Report: Leading
Today, Championing the Future.
MANAGEMENT
LAPORAN
REPORT
MANAJEMEN
PT BANK MANDIRI (PERSERO) TBK sec50 51 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
Board of
Commissioners Report
“Bank Mandiri reaffirms its leadership
as one of the leading banks in driving
national economic development,
enhancing societal well-being, and
promoting environmental sustainability.
Amidst global and domestic economic
uncertainties in 2024, the Bank successfully
navigated various challenges, delivering
outstanding and commendable
performance. Its strong position is
reinforced by a highly competent team
of Mandirians, a comprehensive suite of
banking products, and seamless digital
services accessible anytime, anywhere.
Bank Mandiri continues to demonstrate
leadership in national development and
sustainability achievements, recording the
highest loan growth, significant sustainable
financing disbursement, and the highest
net profit, despite intensifying competition
and increasing funding costs.
Recognizing the Bank’s quality business
growth and sustained performance, the
Board of Commissioners views this as
a strategic juncture for Bank Mandiri to
advance further and solidify its position
as the Best Bank in the region, while
remaining at the forefront of national
economic progress.”
M. Chatib Basri
President Commissioner/Independent
PT BANK MANDIRI (PERSERO) TBK 52 53 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
BOARD OF COMMISSIONERS REPORT BOARD OF COMMISSIONERS REPORT
Dear Esteemed Shareholders and supported by strong domestic economic data growth, while Germany is still experiencing despite a decline in the prices of key commodities
Stakeholders, and a resilient labor market, implemented only contraction, albeit on a smaller scale. Meanwhile, such as coal. The sustained surplus was driven by
a limited reduction in interest rates. Throughout other major economies, including the United strong demand from Indonesia’s main trading
First and foremost, please let us extend our 2024, the Federal Reserve (The Fed) lowered its Kingdom, Canada, and Japan, are projected to partners and an increase in the prices of other
gratitude to God Almighty, for it is by His grace benchmark Fed Funds Rate (FFR) by 100 basis record economic growth below pre-pandemic key commodities, such as tin and crude palm oil
and blessings that we, PT Bank Mandiri (Persero) points (bps), from 5.50% at the beginning of levels. In contrast, the U.S. economy grew by (CPO), over the past year.
Tbk and Indonesia, have successfully navigated the year to 4.50% by year-end. Meanwhile, the 2.8% year-on-year in 2024, slightly lower than the
2024 despite the challenges, dynamics, European Central Bank (ECB) also reduced its 2.9% growth recorded in the previous year. The The continuous trade surplus since the pandemic
and uncertainties throughout the year. On key interest rate to approximately 3.15% by the relatively strong U.S. economic growth was driven has also contributed to the growth of Indonesia’s
this occasion, in representing the Board of end of 2024. Looking ahead to 2025, The Fed has by robust domestic consumption, supported by foreign exchange reserves, which reached
Commissioners, I am pleased to present our signaled a potential FFR cut of only 50 bps, while accelerated government and private sector USD155.4 billion, equivalent to 6.7 months of
supervisory report on Bank Mandiri’s business market expectations suggest an even smaller spending, which in turn helped sustain labor imports or 6.5 months of imports and government
management for the 2024 financial year. reduction, contingent upon future developments market resilience. external debt payments. With solid national
in the U.S. economy. economic fundamentals, the rupiah depreciated
The Board of Commissioners’ report encompasses Economic growth among developing economies by only 4.6%, from Rp15,397/USD at the end of
an assessment of the Board of Directors’ The resilience of the United States economy, the remained at 4.1%. However, some countries 2023 to Rp16,102/USD at the end of 2024, amid
performance in managing the company, world’s largest, which remained strong throughout within this group, such as China and India, the ongoing strengthening trend of the U.S. dollar.
including the rationale for this evaluation; oversight 2023 and maintained relatively high growth in 2024, recorded varying growth rates due to country-
of the formulation and implementation of coupled with limited interest rate reductions, kept specific domestic factors. China grew by 5.0% RESILIENCE OF INDONESIA’S
strategies by the Board of Directors; perspectives long-term government bond yields in advanced in 2024, down from 5.2% in the previous year, FINANCIAL SYSTEM
on the business outlook prepared by the Board economies, particularly U.S. Treasuries, attractive as the ongoing crisis in the property sector and
of Directors, as well as its underlying to global investors. This situation led to capital weak domestic consumer confidence continued The conclusion of the national agenda,
considerations; and supervision of corporate outflows from emerging markets to advanced to weigh on the economy. Meanwhile, India is including the Presidential, Regional Head, and
governance implementation and the economies and strengthened the U.S. dollar projected to grow at around 6.5%, experiencing Legislative (DPR, DPRD, and DPD) elections,
performance of governance structures. against various global currencies. As a result, a moderation in growth due to a slowdown in which proceeded efficiently, including the
many emerging economies, including Indonesia, industrial activity. election of a government leader aligned with
OVERVIEW ON THE GLOBAL AND opted to delay cutting their benchmark interest market expectations, has fostered a more stable
NATIONAL ECONOMY rates. This policy restrained domestic demand, Amid global economic uncertainties and political, security, and investment climate. Strong
ultimately slowing economic growth in several persistently high interest rates, Indonesia’s domestic consumption has also driven increased
Prolonged geopolitical fragmentation and emerging markets. economy remained resilient at around 5.0%. This investment activity, reflected in the continued
divergent fiscal policies across major economies, stability was supported by the strength of the positive growth of Indonesia’s financial industry,
driven by significant economic disparities, have Pertaining to the January 2025 edition of the IMF’s national economy and consistent implementation despite intense competition, high funding costs,
kept the global economy in a state of uncertainty WEO, global trade volume began to improve, of fiscal policies, macroprudential measures, and and tight liquidity conditions.
throughout 2024. According to the International with projected growth of 3.4% in 2024, significantly anticipatory monetary policies by the Ministry
Monetary Fund’s (IMF) World Economic Outlook higher than the 0.4% growth recorded in 2023. The of Finance and Bank Indonesia. Moreover, the In 2024, banking loan maintained its growth
(WEO) published in January 2025, global inflation IMF also estimated that global economic growth continuation of social assistance programs and trajectory, expanding at a similar pace to the
in 2024 declined to approximately 5.7% from in 2024 would reach 3.2%, slightly lower than the infrastructure connectivity projects under the previous year at 10.39%. This growth was primarily
6.7% in 2023. However, this decline was largely 3.3% recorded in 2023. This projection remains National Strategic Projects (PSN) framework driven by investment loans, which increased by
attributed to weaker energy commodity prices, consistent with the IMF’s forecast released in the helped maintain domestic demand stability 13.62% year-on-year (yoy), followed by consumer
particularly crude oil, which saw an oversupply October 2024 edition of the WEO. and consumer purchasing power, while inflation loans, which grew by 10.61% (yoy), and working
in the market due to differing interests among remained under control. capital loans, which rose by 8.35% (yoy) as of
oil-producing nations, while China’s economic The economies of advanced nations, particularly December 2024.
slowdown further weighed on global oil demand in Europe, continue to experience pressure due To maintain exchange rate stability and support
as one of its largest consumers. to prolonged geopolitical conflicts, in contrast economic recovery in 2024, Bank Indonesia The increase in loan was accompanied by an
to emerging markets, especially in Asia. The IMF (BI) kept its benchmark interest rate (BI-Rate) at improvement in credit quality, as reflected in the
Various major economies have adopted different projects that economic growth in advanced 6.00% throughout the year until December 2024. decline in the gross Non-Performing Loan (NPL)
policy responses to the decline in global inflation, economies will remain stagnant at around 1.7% in However, in early January 2025, BI lowered the BI- ratio from 2.38% in 2023 to 2.08% in December
despite previously sharing a common view that 2024, unchanged from the previous year. Several Rate by 25 basis points (bps) to 5.75%. This decision 2024. Meanwhile, in terms of capital, the Capital
the surge in post-pandemic inflation required European countries, such as France and Italy, are was supported by Indonesia’s trade balance, Adequacy Ratio (CAR) remained strong at 26.69%
a coordinated approach. The United States, expected to see either stagnation or only marginal which remained in surplus at USD31.04 billion, as of December 2024, compared to 27.97% in
2023.
PT BANK MANDIRI (PERSERO) TBK 54 55 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
BOARD OF COMMISSIONERS REPORT BOARD OF COMMISSIONERS REPORT
This is reflected in the Company’s performance, SUPERVISION OF STRATEGY
Third-Party Funds (TPF) in the national banking Fundraising in the capital market remained on a which has largely met the targets set in the FORMULATION AND IMPLEMENTATION
sector also recorded growth in 2024, although positive trend throughout 2024, with total public Corporate Work Plan and Budget (RKAP) as BY THE BOARD OF DIRECTORS
at a lower rate than loan growth, reflecting offerings reaching Rp259.24 trillion. Of this amount, well as other established criteria, resulting in the
tight liquidity conditions and rising funding costs. Rp17.28 trillion was raised by 43 new issuers through achievement of the Directors’ KPI at 104.95%. The Board of Commissioners oversees the
National banking TPF grew by 4.48% yoy as of initial public offerings (IPOs) and the issuance of implementation of the Bank’s Business Plan
December 2024, driven by increases in current Debt Securities and/or Sukuk (EBUS). In addition, The Board of Commissioners recognizes that Bank (RBB) in accordance with the provisions of the
accounts, savings, and time deposits, which grew 115 public offerings remained in the pipeline, with Mandiri successfully navigated various challenges Financial Services Authority Regulation (POJK)
by 3.34%, 6.78%, and 3.50% (yoy), respectively. an indicative value of Rp32.58 trillion. and uncertainties in 2024 while maintaining solid No. 5/POJK.03/2016 on Bank Business Plans. This
performance. In fact, most of Bank Mandiri’s supervision covers various aspects, including
Despite TPF growth being lower than loan Affected by negative sentiment from global key performance indicators outperformed the management policies and strategies. As part of
expansion, banking sector liquidity in 2024 economic conditions, the domestic stock market banking industry average. For instance, the this responsibility, the Board of Commissioners
remained at an adequate level. The Liquidity closed 2024 with a decline of 2.65% year-to- Bank’s consolidated loan portfolio grew by 19.5% regularly submits the Supervisory Report on RBB
Assets to Non-Core Deposit (AL/NCD) ratio and date (ytd) to 7,079.91 compared to 7,303.89 in (yoy), with a bank-only gross Non-Performing Loan Implementation to the OJK on a semi-annual
the Liquidity Assets to Third-Party Funds (AL/TPF) December 2023. However, market capitalization (NPL) ratio reduced to 0.97%. In comparison, the basis.
ratio stood at 112.87% and 25.59%, respectively, continued to grow by 5.74% (ytd) to Rp12,336 banking industry recorded loan growth of 10.39%
as of December 2024, well above the regulatory trillion. Meanwhile, non-resident investors recorded (yoy) as of December 2024, with a gross NPL ratio In addition, the Board of Commissioners also
thresholds of 50% and 10%. Meanwhile, the a net buy of Rp16.53 trillion (ytd). of 2.08% for the same period. reports its oversight results on the Company’s
Liquidity Coverage Ratio (LCR) remained strong performance achievements and Key
at 213.23%. The growth of Indonesia’s capital market was Amid increasing competition and tightening Performance Indicators (KPI) to the Ministry of
supported by an increase in the number of liquidity in Third-Party Funds collection, Bank State-Owned Enterprises (SOEs) as the holder of
In line with the banking sector’s intermediation investors, which rose to 14.87 million from 12.16 Mandiri once again recorded TPF growth of 7.73% Series A Dwiwarna shares on a quarterly basis. The
performance, financing receivables disbursed by million in 2023. The number of stock investors also (yoy) in 2024, surpassing the industry average reporting includes the following:
Finance Companies (Multifinance) continued to increased by more than one million, reaching 6.37 growth of 4.48%. Moreover, the consolidated low-
grow, recording a year-on-year increase of 6.92% million compared to 5.25 million in the previous cost funding ratio (Current Account and Saving To OJK:
as of December 2024. This growth was primarily year. Account/CASA) strengthened from 74.30% in • Letter No. KOM/032/2024 dated 21 February
driven by a 10.47% (yoy) increase in investment 2023 to 74.83% in 2024. 2024, regarding the Supervisory Report on
financing. In line with the continued improvement in the Bank Business Plan 2023 – 2025 of PT Bank
banking intermediation, the Financial Services The Board of Commissioners believes that this Mandiri (Persero) Tbk for the Second Semester
Despite the slowdown in the Multifinance Authority (OJK) decided to end the COVID-19 remarkable achievement reflects the Board of 2023.
industry’s growth in 2024, financing risk profiles loan restructuring stimulus as of March 31, 2024. of Directors’ consistency in implementing • Letter No. KOM/124/024 dated 31 July 2024,
remained well-managed. The gross Non- Prior to the policy expired, outstanding COVID-19 adaptive strategies, agility in optimizing the core regarding the Supervisory Report on the Bank
Performing Financing (NPF) ratio stood at 2.70% restructured loans stood at Rp251.2 trillion as of competence ecosystem within the Wholesale Business Plan 2023 – 2025 of PT Bank Mandiri
(yoy) in December 2024, while the net NPF ratio January 2024, benefiting 977,000 debtors. This Banking segment, and sharp focus on capturing (Persero) Tbk for the First Semester of 2024.
remained at 0.75% (yoy). Meanwhile, the gearing figure represents a significant decline from its potential market segments. Furthermore, the
ratio of finance companies declined to 2.31 times peak of Rp830 trillion in October 2022. Bank’s comprehensive digital transformation To the Ministry of SOEs:
as of December 2024, significantly below the across nearly all operational phases has • Letter No. KOM/012/2024 dated 31 January
regulatory threshold of 10 times. BOARD OF DIRECTORS’ significantly contributed to improving efficiency. 2024, regarding the Response to the
PERFORMANCE ASSESSMENT As a result, Bank Mandiri successfully drove Performance Report and Realization of Key
The insurance industry posted more moderate business volume growth across all segments and Performance Indicators (KPI) of PT Bank Mandiri
growth, with total premium collection increased The Board of Commissioners’ assessment of the closed 2024 with solid performance. The Bank (Persero) Tbk for 2023.
by 4.91% (yoy) to Rp15.70 trillion as of December Board of Directors’ performance is outlined in recorded consolidated net profit for the year of • Letter No. KOM/077/2024 dated 30 April 2024,
2024. Life insurance premiums grew by Rp10.74 the Directors’ Key Performance Indicators (KPI), Rp55.78 trillion, grew by 1.31% (yoy), demonstrating regarding the Response to the Performance
trillion (yoy), while general and reinsurance both individually and collectively, and is reported resilience and strong competitiveness amid Report and Realization of Key Performance
premiums increased by Rp5.03 trillion (yoy). In to shareholders through the General Meeting of industry challenges. Indicators (KPI) of PT Bank Mandiri (Persero) Tbk
terms of capital, the insurance industry remained Shareholders (GMS) mechanism. up to the First Quarter of 2024.
solid, with the Risk-Based Capital (RBC) ratio for life
insurance and general and reinsurance insurance Overall, the Board of Commissioners finds that the
recorded at 420.67% and 325.93%, respectively, Board of Directors has carried out its duties and
well above the regulatory threshold of 120%. responsibilities exceptionally well throughout 2024.
PT BANK MANDIRI (PERSERO) TBK 56 57 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
BOARD OF COMMISSIONERS REPORT BOARD OF COMMISSIONERS REPORT
• Letter No. KOM/129/2024 dated 31 July 2024, continuing its strengthening trend, driven by the expected to remain strong at 6.5% (yoy) in 2025, Referring to various indicators and achievements
regarding the Response to the Performance solid performance of the US economy and future and the stable growth of both advanced and throughout 2024, along with early 2025 economic
Report and Realization of Key Performance policy directions under President Trump. Trump’s developing economies across Asia is anticipated data that reflects Indonesia’s economic
Indicators (KPI) of PT Bank Mandiri (Persero) Tbk protectionist policies introduce additional risks, to support regional economic growth at 5.1% resilience, the country’s economy is projected
up to the Second Quarter of 2024. particularly the potential for escalating trade (yoy), only slightly lower than 5.2% (yoy) in 2024. to grow within a range of 5.0%–5.2% in 2025, with
• Letter No. KOM/157/2024 dated 31 October tensions on a broader scale between major Japan, as one of the leading economies in the inflation remaining controlled at around 2.5% ±1%.
2024, regarding the Response to the economies and the US. Asia-Pacific region, is projected to grow by 1.1% The IMF WEO January 2025 edition also forecasts
Performance Report and Realization of Key (yoy) in 2025, reversing the 0.8% (yoy) contraction Indonesia’s economic growth at approximately
Performance Indicators (KPI) of PT Bank Mandiri On the other hand, energy commodity prices, recorded in 2024. 5.1%, higher than the 5.0% growth estimate for
(Persero) Tbk up to the Third Quarter of 2024. particularly crude oil, are expected to continue 2024.
declining. This is driven by a combination of Overall, these global economic dynamics are
The Supervisory Report on the Implementation of factors, including the impact of monetary expected to impact global trade volume, which Considering global and national economic
the Bank Business Plan, submitted to the OJK, and tightening policies since 2023, increased supply is projected to grow by 3.2% in 2025, slightly dynamics, as well as the work plans and strategies
the Response to the Company’s Performance from oil-exporting countries within the OPEC+ lower than the 3.4% growth recorded in the formulated by the Board of Directors for 2025,
Achievements and KPI, submitted to the Ministry group, and weakening demand from China. In previous year. This slowdown is primarily driven by the Board of Commissioners believes that
of State-Owned Enterprises, cover several key line with these conditions, global inflation in 2025 is increasingly protectionist trade policies in various Bank Mandiri and its subsidiaries have ample
aspects. projected to decline further to around 4.2%, down countries. opportunities to achieve sustainable, sound, and
from 5.7% in the previous year. This is likely to be high-quality growth across all business lines. As
First, the Board of Commissioners conducts followed by limited interest rate easing in various Amid global economic dynamics and uncertainty, such, the Board of Commissioners encourages
an assessment of the implementation of countries. These developments will create diverse Indonesia’s economy is projected to remain the Board of Directors to further strengthen
Bank Mandiri’s Business Plan, evaluating both economic growth dynamics across regions. solid in 2025. The consistency in implementing the foundation for growth, accelerate digital
quantitative and qualitative aspects to measure Emerging markets are expected to record higher fiscal policies, macroprudential measures, and transformation, and enhance business synergies
actual performance against the established growth compared to advanced economies, accommodative and responsive monetary with subsidiaries. Furthermore, risk mitigation
targets. Second, an evaluation is carried out supported by stronger economic fundamentals policies will be key factors in sustaining national measures must be continuously improved to
on various factors influencing the Bank’s overall and sustained domestic demand. economic resilience. Several factors expected to turn emerging challenges into opportunities for
performance, with a focus on capital adequacy, have a positive impact on Indonesia’s economy business expansion. In every operational phase,
profitability, and risk profile, including credit risk, The IMF WEO January 2025 projects a slight in 2025 and beyond include strong domestic Bank Mandiri must also uphold best practices in
market risk, and liquidity risk. Third, if indications of improvement in the global economy, with consumption, accelerated realization of both corporate governance to ensure sustainable and
performance decline are identified based on the economic growth expected to reach 3.3% (yoy) private and government investments, and the competitive growth.
previous assessments, the Board of Commissioners in 2025, compared to 3.2% (yoy) in 2024. The U.S. continuation of National Strategic Projects (PSN)
reviews the corrective measures taken to ensure economy is expected to record a slight slowdown, across various sectors. OVERSIGHT ON CORPORATE
the Bank’s stability and continued growth. with growth projected at 2.7% (yoy) in 2025, GOVERNANCE IMPLEMENTATION
decrease from 2.8% (yoy) in the previous year. This The government has reaffirmed its commitment
In addition, the Board of Commissioners’ growth will continue to be supported by strong to advancing downstream processing, not only Based on the Board of Commissioners’
assessment of these three aspects is further domestic demand, a resilient labor market, and for nickel but also for other key commodities assessment, Bank Mandiri remains firmly
complemented by an analysis of external factors a more accommodative monetary policy. Most such as crude palm oil (CPO), copper, bauxite, committed to implementing best practices in
that may impact Bank Mandiri’s performance. advanced economies in Europe are expected and tin. This initiative is expected to further corporate governance across all operational
This provides a more comprehensive perspective to see an improvement in economic growth. strengthen Indonesia’s trade balance. In processes. This commitment is reflected in
to support strategic decision-making. Germany, which experienced contraction in addition, the marine fisheries industry is targeted various evaluation results, both internal, through
2023 and 2024, is projected to return to growth at for further development to drive stronger growth the Individual Governance Self-Assessment
OVERVIEW ON THE COMPANY’S 0.3% in 2025. Meanwhile, the United Kingdom, as in the maritime sector. These opportunities will and Integrated Governance Self-Assessment,
BUSINESS PROSPECTS PREPARED BY a non-Euro European economy, is expected to have tangible economic impacts over varying and external assessments such as the ASEAN
THE BOARD OF DIRECTORS register 1.6% (yoy) growth, an improvement from timeframes, depending on the realization of Corporate Governance Scorecard (ACGS) and
0.9% (yoy) in 2024. investments and the commercialization period of the Corporate Governance Perception Index
The global economy in 2025 is expected the produced goods. (CGPI) throughout 2024.
to remain uncertain, primarily due to the In the Asian region, economic growth in
dynamics of monetary, fiscal, and trade policies developing countries will be affected by the
implemented by major economies. In addition, slowdown in China’s economy, which is projected
exchange rate pressures in emerging markets to decline to 4.6% (yoy) in 2025, down from
are likely to persist, with the US dollar potentially 5.0% (yoy) in 2024. Meanwhile, India’s growth is
PT BANK MANDIRI (PERSERO) TBK 58 59 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
BOARD OF COMMISSIONERS REPORT BOARD OF COMMISSIONERS REPORT
As part of routine evaluations, the Individual Through the implementation of ACGS, Bank Board of Directors. Throughout 2024, the Board on macroeconomic scenarios developed by
Governance Self-Assessment is conducted Mandiri continues to strengthen its commitment of Commissioners held 28 Internal Meetings, 12 the Office of the Chief Economist, taking into
in accordance with POJK No. 17/2023 and to transparent, accountable, and internationally Joint Meetings with the Board of Directors, 24 account potential increases in climate change
SEOJK No. 13/POJK.03/2017 on Governance recognized governance practices. This Audit Committee meetings, 27 Risk Monitoring risks and social conditions. In addition, Bank
Implementation for Commercial Banks. This implementation not only serves as a benchmark Committee meetings, 15 Remuneration and Mandiri participates in regulatory Bottom-up
assessment is conducted twice a year, in June for regulatory compliance but also forms part of Nomination Committee meetings, and 5 Stress Testing, which is conducted periodically to
and December. The Self-Assessment for the First the Bank’s strategy to enhance competitiveness, Integrated Governance Committee meetings. assess the resilience of the regional banking sector
Semester of 2024 resulted in a score of 1 (one), build stakeholder trust, and support long-term The frequency of these meetings has met, against various emerging challenges following
which was subsequently reviewed by the OJK, business sustainability. and in many cases exceeded, the minimum post-pandemic recovery and ongoing economic
assigning a score of 2 (two). This indicates that, requirements set out in POJK No. 17/2023 uncertainties.
in general, Bank Mandiri has implemented In the Corporate Governance Perception on the Implementation of Governance for
governance principles effectively and met Index (CGPI), Bank Mandiri participated in the Commercial Banks. This underscores the Board of As part of its risk management strategy, Bank
adequate compliance requirements. Meanwhile, governance implementation research and Commissioners’ commitment to ensuring effective Mandiri has updated its Recovery Plan to
the Self-Assessment for the Second Semester of ranking program through the CGPI 2023 rating, supervision and strong corporate governance prevent, restore, and improve the Bank’s financial
2024 recorded a score of 1 (one), signifying that which was conducted in 2024. The theme for this within the company. condition and business continuity in the event
Bank Mandiri’s governance implementation falls year’s CGPI is “Building Corporate Maturity within of financial stress, in accordance with POJK No.
within the “Excellent” category. As of now, Bank the GCG Framework.” The CGPI assessment 5 of 2024 on the Determination of Supervisory
Mandiri is awaiting OJK’s feedback on the Second process includes self-assessment, evaluation Risk Management Implementation Status and Resolution of Issues in Commercial
Semester 2024 assessment results. of document completeness, and observation. Banks. In addition, Bank Mandiri has established a
The assessment is based on three key aspects: Bank Mandiri proactively manages risks through Resolution Plan as a proactive measure in case the
The Integrated Governance self-assessment Governance Structure, Governance Process, and a risk management policy framework that aligns recovery efforts outlined in the Recovery Plan are
implementation is conducted based on OJK Governance Outcome. with Bank Indonesia Regulations (PBI), Financial insufficient to restore the Bank’s condition to meet
Regulation No. 18/POJK.03/2014 and OJK Circular Services Authority Regulations (POJK), Basel minimum regulatory requirements, as stipulated in
No. 15/SEOJK.03/2015 on Integrated Governance. regulations, and best practices. These policies LPS Regulation No. 2 of 2024 on Resolution Plans
This assessment is carried out twice a year, in June In its 21st participation from are reviewed periodically to anticipate changes for Commercial Banks.
and December, involving all Financial Services in business conditions, regulations, internal bank
Institutions (LJK) within the Bank Mandiri Financial 2003 to 2024, Bank Mandiri factors, as well as social and environmental To enhance the quality of risk management
Conglomerate. The self-assessment results for both successfully maintained its impacts. implementation and maximize value for
the first and second semesters of 2024 indicate designation as a “Most Trusted” shareholders, Bank Mandiri applies risk
a score of 1 (one), reflecting that the Financial Risk management is carried out at both the management through the Enterprise Risk
Conglomerate has implemented Integrated company for 18 consecutive individual bank level and the Mandiri Group Management (ERM) framework. In addition,
Governance effectivelt. This is demonstrated years, with a score of 95.30. Financial Conglomerate level. The process of the Bank continuously strengthens a sustainable
by a highly adequate fulfillment of Integrated risk identification, measurement, monitoring, risk culture through ongoing learning and
Governance principles. If any weaknesses are and control is conducted regularly through heightened risk awareness across all levels of the
identified in the implementation of Integrated self-assessments of the Bank’s Risk Profile organization. This is achieved through various
Governance principles, they are generally minor Advisory Mechanism to the Board of and Soundness Level (TKB), supported by an programs, including Operational Risk Awareness
or insignificant and can be promptly addressed Directors integrated information system known as the Risk (OPERA), Cyber Risk Awareness, Fraud Awareness,
through normal corrective actions taken by Assessment Consolidation Generator (RACER) Compliance Awareness, and Business Continuity
the Main Entity and/or LJK within the Financial Apart from supervisory function over the System. Moreover, active supervision by the Awareness.
Conglomerate. Company’s management by the Board of Board of Commissioners and Directors is ensured
Directors, the Board of Commissioners also through governance mechanisms overseeing the Effectiveness of the Internal Control
In fulfilling the criteria of the ASEAN Corporate conducts regular monitoring and provides execution of risk profile and TKB self-assessments System
Governance Scorecard (ACGS), Bank Mandiri has advice and recommendations to the Board via executive committees under both Boards.
adopted a governance assessment framework of Directors. This function is supported by The Board of Commissioners has the authority to
based on the corporate governance principles various Supporting Committees of the Board of As a proactive measure to anticipate declining approve the Internal Control System established
developed by the Organization for Economic Commissioners, which serve a role in providing macroeconomic stability, increasing climate by the Board of Directors. In carrying out its
Cooperation and Development (OECD). These strategic analysis and considerations. change risks, and their associated social impacts, supervisory function, the Board of Commissioners,
principles have also been endorsed by the ASEAN Bank Mandiri conducts regular internal stress through the Audit Committee, actively evaluates
Capital Market Forum (ACMF) as the governance The monitoring and advisory mechanism is testing at both the individual bank level and the effectiveness of the Internal Control System
standard applied across the ASEAN region. carried out through meetings organized by the the Mandiri Group level. These tests are based by reviewing assessments conducted by Internal
Board of Commissioners as well as Joint Meetings Audit to ensure the system operates optimally.
between the Board of Commissioners and the
PT BANK MANDIRI (PERSERO) TBK 60 61 ANNUAL REPORT 2024
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The Board of Commissioners’ evaluations in 2024 is handled transparently and in accordance with Board of Commissioners Committees Throughout 2024, the Audit Committee carried
affirmed that Bank Mandiri’s Internal Control applicable regulations. Finally, the monitoring, Assessment out various activities, including holding 24 Audit
System is adequate and operates effectively. evaluation, and follow-up pillar focuses on Committee meetings, with meeting minutes duly
However, in line with business growth and the continuous oversight and the implementation In providing direction, oversight, monitoring, and prepared. In addition, a total of 107 internal
increasing complexity of challenges and risks, the of improvements in the fraud control system advisory support on the Company’s management, discussions, discussions with relevant work units,
Board of Commissioners underscores the need for to enhance the effectiveness of the anti-fraud the Board of Commissioners is assisted by four and joint discussions with the Risk Monitoring
continuous improvements to ensure Bank Mandiri strategy across all operational lines of the Bank. Supporting Committees: the Audit Committee, the Committee were conducted, all of which were
remains adaptable and maintains optimal Remuneration and Nomination Committee, the documented in discussion minutes.
operational resilience. Perspective on Whistleblowing Risk Monitoring Committee, and the Integrated
System Practices Governance Committee. Bank Mandiri regularly The Audit Committee also reviews financial reports
Anti-Corruption Policy and Anti- updates all Charters of the Board’s Supporting and information, both in-house or unaudited
Fraud Strategy Practices Bank Mandiri has developed whistleblowing Committees to ensure alignment with business and audited, before publication. More than 25
policies and mechanisms through a violation developments and prevailing regulations. reports, proposals, and recommendations from
Bank Mandiri has obtained ISO 37001:2016 reporting system known as the Whistleblowing the Board of Directors requiring written approval
certification for the Anti-Bribery Management System – Letter to CEO (WBS – LTC). As part of Based on the implementation of the Committee from the Board of Commissioners were reviewed
System, which has been expanded to cover the detection pillar in the implementation of the Work Program as outlined in the 2024 Work and provided with recommendations. These
Procurement, Vendor Management, and the Code of Conduct and Anti-Fraud Strategy (SAF), Plan, the Board of Commissioners considers included the proposal for the appointment of a
Internal Audit Process as part of its ongoing efforts WBS-LTC has been in place since 2009 and has the performance of duties and functions of all Public Accountant (AP) and Public Accounting
to combat corruption. undergone continuous updates. The Operational Supporting Committees have effectively been Firm (KAP) for the audit of the 2023 Consolidated
Technical Guidelines for WBS-LTC are regularly carried out. All recommendations provided by Financial Statements, proposals for the Corporate
Furthermore, to comply with POJK No. 12 of 2024 reviewed and updated, with the most recent each Committee have been accepted by the Work Plan and Budget (RKAP) and Bank Business
on the Implementation of Anti-Fraud Strategies for update conducted on 26 September 2024, to Board of Commissioners and have served as Plan (RBB) including revisions, as well as the
Financial Institutions and as part of the continuous ensure the system’s effectiveness and relevance key considerations in decision-making regarding proposal for the Annual Audit Plan and Internal
enhancement of its Internal Control Policy, Bank in supporting fraud control efforts. proposals submitted by the Board of Directors, Audit Budget for 2024. As part of its responsibilities,
Mandiri continues to update internal policies both in providing advisory support and in the Audit Committee prepared 4 (four) quarterly
and regulations to align with best practices and In its management, WBS-LTC involves an formulating directives and recommendations for activity reports, which were submitted to the
regulatory standards. These enhancements cover independent party to create a secure follow-up by the Board of Directors. Board of Commissioners, and compiled the
various operational policies, including Standard environment and encourage employees and Evaluation Report on the Implementation of
Operating Procedures (SPO), Operational stakeholders to report violations. Whistleblowers The Board of Commissioners also finds that Audit Services for the 2023 Annual Historical
Technical Guidelines (PTO), and other internal may choose to disclose their full identity or remain the reports and recommendations from each Financial Information of Bank Mandiri, conducted
regulations, ensuring a robust and adaptive fraud anonymous, with their identity known only to Committee have been prepared based on in- by KAP Tanudiredja, Wibisana, Rintis & Rekan
prevention and control framework. the independent party. Throughout 2024, Bank depth analysis of the topics discussed. This process (PwC). Throughout the year, 6 (six) site visits were
Mandiri enhanced the management quality of has been reinforced through various meetings, conducted, with detailed reports prepared for
Bank Mandiri’s anti-fraud strategy is based on four WBS-LTC by renewing the Secure Socket Layer discussions, and site visits to obtain direct insights each visit. The Committee also developed the
main pillars. The prevention pillar includes various (SSL) for the Whistleblowing System for Corruption from Management. In addition, the Committees Audit Committee Work Plan for 2025 as part of its
anti-fraud awareness programs, such as the Crimes (WBSTPK) to ensure secure access have maintained strong and intensive forward-looking strategic planning. In addition,
dissemination of the Anti-Fraud Statement, the to the Corruption Eradication Commission’s communication with relevant stakeholders in all Committee members participated in at least
Employee Awareness Program, and the Customer Whistleblowing System (KWS). This initiative is part addressing strategic issues within Mandiri Group one competency development program related
Awareness Program. In addition, vulnerability of the Bank’s Anti-Corruption Strategy and reflects and have actively monitored Management’s to banking or auditing to ensure continuous
identification is conducted through the Bank Mandiri’s commitment to supporting efforts follow-up actions on recommendations and capability enhancement in carrying out duties
application of Risk Management principles and in preventing and addressing corruption-related decisions made by the Board of Commissioners. effectively.
the implementation of the Know Your Employee crimes.
(KYE) Policy. The detection pillar consists of various The following is a summary of the activities carried The Remuneration and Nomination Committee was
monitoring and reporting mechanisms, including With various enhancement measures in place out by each Committee under the Board of established to assist the Board of Commissioners
the Whistleblowing System – Letter to CEO, Fraud and based on the Board of Commissioners’ Commissioners. in carrying out its supervisory function and
Detection System, Surprise Audit, and Surveillance assessment, the implementation of WBS-LTC at ensuring that the nomination process for strategic
System to identify potential irregularities at an early Bank Mandiri in 2024 has been effective and The Audit Committee is responsible for providing management positions and the determination of
stage. The investigation, reporting, sanctions, and continues to improve, particularly in whistleblower opinions to the Board of Commissioners regarding remuneration levels are conducted objectively,
legal process pillar ensures that every fraud case protection and overall effectiveness. reports and/or other matters submitted by the effectively, and efficiently, in accordance with
Board of Directors, as well as identifying areas that OJK regulations.
require the Board of Commissioners’ attention,
particularly in the areas of financial reporting,
internal control, and compliance.
PT BANK MANDIRI (PERSERO) TBK 62 63 ANNUAL REPORT 2024
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Throughout 2024, in line with its duties and 100 discussions, including internal discussions, evaluated the adequacy of integrated internal control implementation, integrated compliance, and
functions as outlined in the Remuneration and discussions with relevant work units, and joint integrated risk management. Based on these evaluations, the Committee provided recommendations
Nomination Committee Charter of Bank Mandiri, forums with the Audit Committee, all of which for improvements aimed at strengthening overall governance and ensuring the effectiveness of control
the Committee provided recommendations and were documented in discussion minutes. As systems in supporting the sustainability of Bank Mandiri and its subsidiaries.
proposed candidates who met the qualifications part of its supervisory duties, the Committee
for Commissioners and Directors positions which reviewed more than 25 reports, including the Changes in the Board of Commissioners Composition
were submitted to the Board of Commissioners for Risk Profile Report, Bank Soundness Level Report,
consideration at the GMS. The recommendations Individual Debtor Report, Wholesale Segment Pertaining to the resolution of the Annual General Meeting of Shareholders (AGMS) on 7 March 2024,
were formulated through a series of processes, Watchlist Debtor Report, and the Anti-Fraud changes in the composition of Bank Mandiri’s Board of Commissioners were occurred. The resolutions
including the development of policies, criteria, Strategy Implementation Report. In addition, adopted during the AGMS include the following:
and necessary qualifications for the nomination more than 20 proposals or recommendations
process, aligned with the company’s strategic from the Board of Directors requiring written • Bank Mandiri reappointed Mr. M. Chatib Basri as president commissioner and independent
direction. The Committee also identified approval from the Board of Commissioners were commissioner.
qualified individuals for Commissioners positions comprehensively evaluated. In carrying out its •
Bank Mandiri honorably discharged Mr. Adrinof A. Chaniago from his position as vice president
by gathering and analyzing data on potential functions, the Committee prepared four quarterly commissioner and independent commissioner, and Ms. Nawal Nely from her position as commissioner.
candidates from the executive talent pool one reports submitted to the Board of Commissioners The Company expresses its appreciation for their dedication and contributions during their tenure.
level below the Board of Directors. and conducted six site visits, each accompanied • Mr. Zainudin Amali’s position was reassigned from independent commissioner to vice president
by a detailed visit report. As part of forward- commissioner and independent commissioner.
In addition to the nomination process, the looking strategic planning, the Committee also • Bank Mandiri reappointed Mr. Rionald Silaban as commissioner.
Remuneration and Nomination Committee also developed the Risk Monitoring Committee Work • Bank Mandiri appointed Mr. Tedi Bharata as commissioner.
assists the Board of Commissioners in formulating Plan for 2025. To ensure relevant expertise in
an appropriate remuneration system for the Board banking and risk management, all Committee As such, the composition of the Board of Commissioners following the Annual GMS on 07 March 2024, is
of Directors and the Board of Commissioners of members participated in at least one competency as follows:
Bank Mandiri. This includes structuring salaries or development program throughout 2024.
honorariums, benefits and allowances packages, Name Position Basis of Appointment Effective Date Period
as well as the bonus or tantiem system for 2024. The Integrated Governance Committee was
M. Chatib Basri President • Period 1: EGMS dated 9 29 May 2020 2024 - 2029
In carrying out its functions, the Remuneration established to assist the Board of Commissioners Commissioner/ December 2019
and Nomination Committee held 15 meetings in overseeing the implementation of good Independent • Period 2: AGMS dated 7 March
throughout 2024, ensuring that all decisions and governance across all Financial Services 2024
recommendations were properly recorded by Institutions (LJK) within Bank Mandiri’s Financial Zainudin Amali* Vice President Period 1: • Independent 2023 - 2028
Commissioner/ • Independent Commissioner: Commissioner : 06
preparing and documenting meeting minutes. Conglomerate. The Committee ensures that Independent AGMS dated 14 March 2023 November 2023
governance practices align with the Integrated • Vice President Commissioner/ • Vice President
The Risk Monitoring Committee was established to Governance Guidelines and support the Independent: AGMS dated 7 Commissioner/
March 2024 Independent:13
assist the Board of Commissioners in carrying out execution of the duties and responsibilities of September 2024
its supervisory duties and providing advice to the Bank Mandiri’s Board of Directors. In addition, the Loeke Larasati Independent Period 1: AGMS dated 19 February 02 September 2020 2020 - 2025
Board of Directors to ensure that Bank Mandiri’s Committee provides guidance and advice to the Agoestina Commissioner 2020
risk management framework, procedures, and Board of Directors on the implementation of the Muliadi Rahardja Independent Period 1: AGMS dated 10 March 22 June 2022 2022 - 2027
Commissioner 2022
methodologies remain robust and adequate. Integrated Governance Guidelines, evaluates
Heru Kristiyana Independent Period 1: AGMS dated 14 March 21 August 2023 2023 - 2028
The Committee serves a role in ensuring that all their effectiveness, and offers recommendations Commissioner 2023
of the Bank’s business activities operate within for improvements. Rionald Silaban Commissioner • Period 1: EGMS dated 28 August 12 February 2020 2024 - 2029
acceptable risk limits while also optimizing 2019
opportunities aligned with strategic objectives. By Throughout 2024, the Integrated Governance • Period 2: AGMS dated 7 March
2024
doing so, business operations can be conducted Committee carried out various activities,
Faried Utomo Commissioner Period 1: AGMS dated 19 February 04 August 2020 2020 - 2025
in a controlled, profitable manner that supports including holding five meetings, with meeting 2020
the Bank’s long-term growth and stability. minutes prepared as part of governance Arif Budimanta Commissioner Period 1: AGMS dated 19 February 04 August 2020 2020 - 2025
documentation and transparency. In addition, 2020
Throughout 2024, the Risk Monitoring Committee six discussions were conducted, both internally Muhammad Commissioner Period 1: AGMS dated 15 March 18 August 2021 2021 - 2026
carried out various activities, including holding and with relevant work units, to deepen the Yusuf Ateh 2021
27 meetings, with meeting minutes prepared evaluation of various governance aspects within Tedi Bharata** Commissioner Period 1: AGMS dated 7 March 30 August 2024 2024 - 2029
2024
and documented as part of good governance Bank Mandiri’s Financial Conglomerate. As part
*) Transition of assignment to Vice President Commissioner/Independent Commissioner at the Annual GMS on 07 March 2024.
practices. In addition, the Committee conducted of its supervisory duties, the Committee also **) Appointed as Commissioner at the Annual GMS on 07 March 2024.
PT BANK MANDIRI (PERSERO) TBK 64 65 ANNUAL REPORT 2024
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1 M. Chatib Basri
President Commissioner/
2 Zainudin Amali
Vice President
3 Loeke Larasati Agoestina 4 Arif Budimanta 5 Muliadi Rahardja
Independent Commissioner
6 Heru Kristiyana
Independent Commissioner Commissioner Independent Commissioner
Independent Commissioner/
Independent
7 Rionald Silaban
Commissioner
8 Faried Utomo 9 Muhammad
Commissioner
Yusuf Ateh 10 Tedi Bharata
Commissioner Commissioner
APPRECIATION
On behalf of all members of the Board of Commissioners, we extend our highest appreciation to the
Board of Directors and all Mandirians for their dedication, loyalty, and strong commitment in carrying
out their duties throughout 2024. Through adaptive leadership, solid collaboration, and a strong focus on
transformation and innovation, Bank Mandiri successfully navigated various macroeconomic challenges
and banking industry dynamics, delivering commendable performance.
The Board of Commissioners also appreciates Bank Mandiri’s success in maintaining its position as an
industry leader, supported by healthy business growth, strengthened synergies within the financial
ecosystem, and the acceleration of digital transformation, which continues to create added value for
customers and stakeholders. Through the implementation of sound corporate governance, a solid risk
management strategy, and continuous innovation and business expansion efforts, Bank Mandiri is further
strengthening its resilience in addressing global challenges and driving sustainable growth.
We believe that the strong foundation established throughout 2024 will serve as a solid platform for
Bank Mandiri to continue seizing opportunities and achieving outstanding performance in the future, in
alignment with the Company’s long-term vision and strategy.
Jakarta, March 2025
On Behalf of the Board of Commissioners
M. Chatib Basri
President Commissioner/Independent
10 9 8 7 1 2 3 4 5 6
PT BANK MANDIRI (PERSERO) TBK 66 67 ANNUAL REPORT 2024 68 ANNUAL REPORT 2024
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Board of Directors
Report
“Bank Mandiri once again demonstrated
its resilience by successfully navigating
ongoing uncertainties and challenges in
2024, delivering solid performance while
further strengthening its leadership in the
national banking industry. The Bank remains
committed to supporting sustainability goals
through quality growth in the future. Bank
Mandiri recorded the highest asset growth
at 11.6%, reaching Rp2427 trillion, driven by
double-digit loan growth of 19.5%, also the
highest, while maintaining improving asset
quality. This was accompanied by strong
third-party fund growth, particularly from
low-cost funding sources. The continued
intensification of digitalization initiatives further
enhanced operational efficiency, enabling
Bank Mandiri to record a consolidated net
profit of Rp55.8 trillion in 2024, sustaining
growth amid increasing funding costs.
Bank Mandiri also demonstrated its leadership
in delivering innovative digital financial
services, expanding its reach and effectively
meeting the needs of all customers,
whether in the wholesale segment, the
Bank’s core competency, or the retail and
micro segments, wherever they operate.
Moreover, Bank Mandiri recorded the largest
sustainable portfolio, grew by 10.8% to reach
Rp293 trillion, aligning with the essence
of this Report’s theme, “Leading Today,
Championing the Future”.
Darmawan Junaidi
President Director
PT BANK MANDIRI (PERSERO) TBK 69 70 ANNUAL REPORT 2024
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Dear Esteemed Shareholders and GLOBAL AND NATIONAL ECONOMIC In its report, the IMF also projected that although imports and government external debt payments,
Stakeholders, CONDITIONS global inflation has begun to decline, it remains at well above the international adequacy standard
a high level of approximately 5.7%, decrease from of approximately three months of imports.
To begin with, please allow us to extend our Prolonged geopolitical tensions in Ukraine, 6.7% in 2023. This condition has also affected the
gratitude to God Almighty for His abundant coupled with escalating conflicts in the Middle global manufacturing sector, as reflected in the The ongoing volatility in the global economy led
blessings, enabling PT Bank Mandiri (Persero) East, continued to cast a shadow over the global Global Manufacturing PMI 2024. As of November, to the rupiah exchange rate reaching Rp16,102/
Tbk to navigate the dynamic and uncertain economy throughout 2024. This was reflected in the index released by J.P. Morgan and S&P Global USD at the end of December 2024, depreciating
landscape of 2024 with remarkable growth and the limited reduction of the U.S. Federal Reserve’s stood at 49.4, still in the contraction zone (below by 4.6% compared to Rp15,397/USD at the end
performance. This achievement aligns with Bank benchmark interest rate, as strong U.S. economic 50.0), although showing an improvement from the of 2023.
Mandiri’s mission to provide reliable, practical, data, persistent domestic inflation, and a robust previous month’s level of 48.7.
and easily accessible digital banking solutions labor market fueled the appreciation of the NATIONAL BANKING CONDITIONS
for all, reinforcing its role as an integral part of U.S. dollar against nearly all global currencies. Amid global economic uncertainty and volatility, AND NON-BANK FINANCIAL
customers’ lives in today’s digital era. Although U.S. inflation remained above the the national economy continued to demonstrate INDUSTRY
central bank’s target, global inflation generally resilience by maintaining positive growth.
The official end of the COVID-19 pandemic at continued its downward trend, prompting interest Indonesia’s economy grew by 5.03% (yoy) in The national banking sector continued to support
the end of 2023 did not immediately create rate cuts in various countries. However, this did not 2024, slightly lower than the previous year’s economic growth in 2024, maintaining a positive
a conducive business environment in 2024. immediately translate into lower lending rates and growth of 5.05% (yoy), supported by expansion trend in financing (lending), fund mobilization,
Governments and businesses worldwide funding costs due to the ongoing strengthening across most business sectors. The Other Services and earnings. The Financial Services Authority
continued to grapple with complex challenges of the U.S. dollar. As a result, economic growth sector recorded significant growth of 9.80%, (OJK) data recorded that bank lending grew
stemming from prolonged geopolitical tensions in across major regions slowed, with significant followed by the Transportation and Warehousing by 10.4% (yoy) as of December 2024, driven by
Ukraine. These tensions were further exacerbated variations, in contrast to the continued resilience sector at 8.69%, and the Accommodation and increases across several key segments. Investment
by ongoing conflicts in the Middle East, leading of the U.S. economy. Toward the end of 2024, Food Services sector at 8.56%. Meanwhile, the loans recorded the highest growth at 13.62%
to sharp disparities in economic growth across the re-election of Donald Trump as U.S. President manufacturing sector, which serves a dominant (yoy) in December, followed by consumer loans,
regions. Amid a declining inflation trend, driven introduced new potential risks to the global role in Indonesia’s economy, grew by 4.43%. which grew by 10.61% (yoy), and working capital
by corrections in energy commodity prices and economy, including the possibility of trade wars In addition, national inflation was effectively loans, which increased by 8.35% (yoy). By bank
the gradual easing of high-interest rate policies and further U.S. dollar appreciation, which could controlled, declining to 1.57% YoY from 2.61% ownership, state-owned banks (SOEs) were the
in various countries, global economic growth influence global economic dynamics in the years (yoy) in the previous year. main drivers of loan growth, recording an increase
remained constrained, despite the increasing ahead. of 12.10% (yoy). Meanwhile, based on debtor
demand for goods and services. In response to the U.S. Federal Reserve’s decision categories, corporate loans grew significantly by
These conditions prompted the IMF, through its to cut its benchmark interest rate, lowering the 15.67% (yoy), while MSME loans recorded more
Bank Mandiri successfully navigated these January 2025 World Economic Outlook report, to Fed Funds Rate (FFR) to 4.50% from 5.50% by the moderate growth at 3.37% (yoy).
challenges, delivering solid performance that forecast global economic growth of 3.2% year- end of 2024, and the European Central Bank (ECB)
further strengthened its business foundation and on-year (yoy) in 2024, slightly lower than 3.3% reducing its rate to 3.15%, Bank Indonesia (BI) The increase in lending was accompanied by
reinforced its leadership as the leading wholesale in 2023, before edging up to 3.3% in 2025 and maintained its benchmark interest rate (BI-Rate) an improvement in credit quality, as reflected
bank. As the Board of Directors of Bank Mandiri, we 2026. Meanwhile, global trade volume in 2024 at around 6.00% at the end of 2024. Subsequently, in the decline in the gross Non-Performing Loan
are honored to present the Bank’s management was projected to grow by 3.4%, a significant in the January 2025 Board of Governors Meeting (NPL) ratio to 2.08% in December 2024, compared
report for the 2024 fiscal year, reflecting its ability improvement from 0.7% in 2023, before slowing (RDG), BI lowered the BI 7-Day Reverse Repo to 2.38% in 2023. Meanwhile, in terms of capital
to overcome various obstacles and challenges again to 3.3% in 2025. However, the strengthening Rate (BI7DRRR) to 5.75%. This decision was made adequacy, the Capital Adequacy Ratio (CAR)
while achieving remarkable accomplishments. of the US dollar exchange rate and various other to ensure exchange rate stability while sustaining remained strong at 26.69% in December 2024,
global factors have caused economic growth in national economic growth momentum amid albeit slightly lower than 27.97% in 2023.
major countries to vary. The Eurozone economy in global economic uncertainty. A combination
2024 grew higher than in the previous year, while of macroprudential policies and monetary Third-Party Funds (TPF) in the banking sector grew
other major countries such as Japan, China, India, policy flexibility also supported Indonesia’s trade by 4.48% (yoy) as of December 2024, driven by
and Canada recorded a slowdown in economic balance, which recorded a surplus of USD31.04 increases in demand deposits, savings, and
growth. billion, contributing to an increase in foreign time deposits, which grew by 3.34% (yoy), 6.78%
exchange reserves to USD155.7 billion by the (yoy), and 3.50% (yoy), respectively. At the same
end of 2024. These reserves were equivalent to time, banking industry liquidity remained well-
financing 6.7 months of imports or 6.5 months of maintained at an adequate level. The Liquidity
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Assets to Non-Core Deposit (AL/NCD) ratio and COMPANY PERFORMANCE ANALYSIS The performance of loan expansion was demands through Kopra by Mandiri, Livin’ by
Liquidity Assets to Third-Party Funds (AL/DPK) balanced by Bank Mandiri’s ability to maintain Mandiri, and Smart Branch. These initiatives further
ratio stood at 112.87% and 25.59%, respectively, Overall, Bank Mandiri successfully navigated the asset quality through the strict implementation of solidify Bank Mandiri’s position as the leading and
in December 2024, well above the regulatory challenging and uncertain business environment prudential principles. As a result, Bank Mandiri’s most prominent bank in digitalization.
thresholds of 50% and 10%. Moreover, the Liquidity in 2024, delivering solid performance. The Bank NPL ratio (bank only) remained at a low level,
Coverage Ratio (LCR) remained strong at 213.23%, maintained its leadership position by recording reaching 0.97% in December 2024. Bank Mandiri In 2024, Bank Mandiri further enhanced the quality of
reflecting solid liquidity resilience. total assets of Rp2,427.2 trillion, the largest in also maintained adequate provisioning, with its seamless experience through Kopra by Mandiri,
Indonesia, grew by 11.6% (yoy) as of December an NPL coverage ratio (consolidated) of which underwent significant improvements in
In contrast to the banking sector, Indonesia’s 2024. The asset growth was supported by sustained 271%. The disciplined application of prudent both user interface (UI) and user experience
capital market saw a downturn, mirroring the efficiency, a significant increase in business volume risk management enabled Bank Mandiri (UX). Kopra was also enriched with various new
negative trend in global capital markets due across all segments, and the strengthening of (consolidated) to record a 6 bps decline in the features, including seamless onboarding options
to various economic challenges. The Jakarta the low-cost funding ratio (Current Account and cost of credit to 0.79% as of December 2024, an with simple or advanced settings, as well as
Composite Index (IHSG) on the Indonesia Stock Savings Account/CASA). These achievements improvement from the previous period’s 0.85%. dashboard, transfer, and payment features,
Exchange (IDX) declined by 2.65% at the end of reflect Bank Mandiri’s consistent execution of among others. These innovations have been
2024, falling to 7,079.90 from 7,272.80 at the end of well-formulated business strategies, reinforced by In addition to successfully maintaining credit highly sought after by corporate customers, both
2023. Meanwhile, market capitalization reached the holistic optimization of digital initiatives. quality, Bank Mandiri also recorded positive in Indonesia and abroad, who require integrated
Rp12,336.0 trillion at the end of 2024, marking a performance in fund accumulation. The Bank’s digital financial services as part of their expanding
5.36% increase from Rp11,708.0 trillion at the end Several key performance indicators of Bank consolidated third-party funds reached Rp1698.9 business ecosystems. These efforts contributed to
of 2023. Market capitalization hit a record high of Mandiri in 2024 once again recorded growth that trillion in 2024, grew by 7.73% (yoy). The growth the growth of Kopra’s user base, which reached
Rp13,475.0 trillion on 19 September 2024, before exceeded the national banking industry average. was driven by an increase in low-cost funds, over 247,000 users by the end of 2024, while also
undergoing a correction. Consolidated net profit reached Rp55.78 trillion, namely savings and demand deposits, which driving a 21.0% (yoy) increase in corporate digital
grew by 1.31% (yoy) compared to 2023. However, grew by 8.49% (yoy) to reach Rp1271.2 trillion. transaction frequency. The total transaction value
The Non-Bank Financial Industry (IKNB) generally this net profit growth was constrained by increased This increase also contributed to a 52-basis-point also continued to grow, surpassing Rp22,703
continued its growth trend across both the interest expenses and other operating expenses. rise in the low-cost fund ratio (CASA), from 74.3% trillion.
multifinance and insurance sectors. Multifinance Bank Mandiri’s consolidated loans continued in 2023 to 74.8% as of December 2024. With this
receivables recorded a (yoy) growth of 6.92% to post double-digit growth trend, reaching achievement, Bank Mandiri’s CASA market share Bank Mandiri also introduced new features
as of December 2024, in line with the improved Rp1,670.55 trillion, an increase of 19.5% (yoy), (bank only) in the commercial banking industry in Livin’ by Mandiri in 2024, including Livin’
performance of the banking sector. This growth significantly higher than the banking industry’s continued to increase to 19.0%. Mortgage, Livin’ Auto, and Livin’ Points. These
was primarily driven by an increase in investment loan growth of 10.4% (yoy). features complement the existing services from
financing, which expanded by 10.47% (yoy) in Bank Mandiri’s solid fundamental performance previous years, designed to cater to lifestyle needs
December 2024. In terms of financing quality, The wholesale banking segment, as Bank Mandiri’s received recognition from both the public and while enhancing customers’ financial services.
the gross non-performing finance (NPF) ratio core competence, successfully disbursed loans investors. This was reflected in the movement of Consistent feature development has driven Livin’
stood at 2.70%, rising from 2.44% in December amounting to Rp913.3 trillion, grew by 25.5% Bank Mandiri’s share, which continued to record by Mandiri to be downloaded tens of millions of
2023. Meanwhile, the gearing ratio of financing compared to the previous year. This increase gains despite the downward trend in the IHSG. times, with more than 29 million registered users
companies remained at 2.31 times as of December was driven by the corporate segment, which By the end of 2024, Bank Mandiri’s share closed by the end of 2024. Throughout the year, Livin’ by
2024, well below the regulatory threshold of 10 provided Rp515.4 trillion in loans (+25.7% yoy), the at Rp5,700 per share, correcting by 5.8%, with Mandiri processed over 3.88 billion transactions,
times. commercial segment with Rp292.9 trillion (+23.0% a market capitalization of Rp532.0 trillion. The reflecting a 37.8% (yoy) increase, with transaction
yoy), institutional banking with Rp96.3 trillion highest share price in 2024 was recorded on 23 value reaching Rp4,027.0 trillion, grew by 23.4%
In the insurance sector, total premium collection (+32.4% yoy), and international banking with September 2024, reaching Rp7,450 per share. (yoy).
grew by 4.91% (yoy) as of December 2024, or Rp8.7 trillion (+22.1% yoy).
an increase of Rp15.77 trillion. This growth was BECOMING THE LEADING AND MOST The increase in digital transaction frequency
driven by a Rp10.74 trillion (yoy) increase in life Meanwhile, in the retail segment, Bank Mandiri PROMINENT BANK IN DIGITALIZATION drove the growth of Bank Mandiri’s digital fee-
insurance premiums and a Rp5.03 trillion (yoy) recorded loan disbursements of Rp397.4 trillion, based income, which reached Rp5.0 trillion, grew
increase in general insurance and reinsurance grew by 11.1% (yoy). The growth was primarily Building on the success of its digital transformation, by 15.0% (yoy). Digital transactions through Livin’,
premiums. The capital adequacy of the insurance driven by the SME segment, which reached which began in 2021, Bank Mandiri continued to which serves Bank Mandiri’s retail customers,
industry in 2024 also remained solid, with the risk- Rp86.7 trillion (+13.2% yoy), the micro segment at implement various digital initiatives in 2024 as part contributed Rp2.6 trillion, marking a 20.7% (yoy)
based capital (RBC) ratio for life insurance and Rp188.0 trillion (+12.0% yoy), and the consumer of its ongoing efforts to refine its digital banking increase compared to the same period in the
general insurance and reinsurance standing at loan segment at Rp122.8 trillion (+8.2% yoy). roadmap to meet customer needs. The Bank previous year. Meanwhile, transactions from Bank
420.67% and 325.93%, respectively, well above consistently enhances its innovative digital services Mandiri’s wholesale customers through Kopra
the regulatory threshold of 120%. by launching new features and applications generated a fee-based income of Rp2.4 trillion,
designed to serve industries and fulfill customer grew by 9.4% (yoy). Bank Mandiri’s total fee-
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based income (bank only) in 2024 stood at Rp31.7 To realize this vision and mission, Bank Mandiri has As part of the implementation of the 2025-2029 the RAKB reflects Bank Mandiri’s commitment
trillion, reflecting a 2.5% decline, primarily due to established three key focus areas: Corporate Plan, Bank Mandiri has defined its to supporting the Indonesian Government’s
a 33.0% decrease in cash recoveries during the strategic focus for 2025, emphasizing Integrated sustainability programs in achieving the
reporting period. The Bank’s digitalization initiatives 1.
Strengthen Core Competence. Aiming to Strategic Growth and Transformational Leadership Sustainable Development Goals (SDGs).
also contributed to operational efficiency, as position its core competence in Wholesale Driven by Orchestrating the Ecosystem. This
reflected in Bank Mandiri’s operational expense Banking as the benchmark for wholesale banks strategic focus is reflected in three Strategic The Board of Directors, with the Board of
to operating income ratio (BOPO) (bank only), in Southeast Asia and reinforcing its role as the Objectives for 2025: Commissioners, formulates and establishes
which remained at 55.55% in 2024, compared to preferred bank for conglomerates, financial performance measurement parameters for all
51.88% in 2023, and remained significantly lower institutions, and the government. 1. Becoming the “Main Transaction Bank” for programs outlined in the RBB and RAKB. The
than the industry average. 2.
Achieve Urban Leadership. Focusing Retail both Wholesale and Retail customers, where development of these parameters considers
Banking on capturing the full potential Bank Mandiri aims to dominate transaction alignment with the Bank’s core values and
We believe that the services offered through of retail business, including those derived market share by providing high-quality includes a rewards and punishment system for all
Kopra, Livin’, and branchless banking support will from conglomerate networks and regional products and services, supported by a strong levels of the organization. This approach ensures
continue to contribute positively to Bank Mandiri’s ecosystems. Retail Banking will act as an relationship management framework for the optimal implementation of strategies by
growth, both in terms of interest income and fee- urban leader by providing integrated business principals, merchants, and individuals. leveraging the Bank’s full competencies.
based income, while also driving an increase in solutions and serving as a key driver of 2. Establishing itself as the “Leader in Low-
the CASA ratio. Ultimately, this will help maintain economic growth at the regional level while Cost Funding”, positioning Bank Mandiri as Process Undertaken by the Board
a low cost of funds ratio. Kopra and Livin’ are promoting financial inclusion. the preferred bank for transactions and the of Directors to Ensure Strategy
also expected to further expand the potential 3.
Extract Values from Subsidiaries. Striving to primary operational account for customers. Implementation
value chain within both the wholesale and position its subsidiaries as industry leaders 3. Becoming the “Largest Lender” in Wholesale
retail banking ecosystems. As such, we remain that contribute to the growth of Mandiri and Retail lending based on an ecosystem Under the guidance and supervision of the
committed to continuously implementing various Group’s business while complementing Bank approach while maintaining an optimal yield Board of Commissioners, the Board of Directors
digital service development programs as outlined Mandiri with financial services that go beyond level coordinates the execution of all programs and
in Bank Mandiri’s digitalization roadmap. conventional banking. work plans outlined in the RBB and RAKB together
Role of the Board of Directors in with all relevant levels of the organization. The
STRATEGY AND STRATEGIC POLICIES To address the challenges and uncertainties in Strategy Formulation and Strategic Board of Directors also delegates authority for
both the global and national economy in 2024 Policies executing each program in accordance with
while ensuring sustainable performance growth, the assigned roles and responsibilities. Regular
The formulation of Bank Mandiri’s strategy refers to
Bank Mandiri has implemented four strategic The formulation of Bank Mandiri’s strategy and meetings are held with the Executive Committee,
the achievement of the Government’s Medium-
focus areas: strategic policies is consistently aligned with the division heads, and department heads to ensure
Term Development Plan, with the objective of
Bank’s vision, mission, and strategic plan. The that the implementation of programs and the
driving national growth and improving public
1. Wholesale Acceleration. Strengthening core Board of Directors actively communicates the management of Bank Mandiri’s business activities
welfare. With the conclusion of the 2020-2024
competence in the wholesale segment work plan to shareholders and all levels of the remain aligned with the approved business
Corporate Plan, Bank Mandiri has developed and
and maximizing business potential from its Bank. strategy, risk appetite, and policies established
established the vision for the 2025-2029 Corporate
ecosystem. by the Board of Commissioners and the Board of
Plan, which is to become “The Best Financial
2. Ecosystem Driven Growth. Expanding in Strategy formulation and development consider Directors.
Institution in Southeast Asia”.
the retail segment through a value chain both driving and inhibiting factors for success,
approach based on ecosystems and key referencing the Bank’s competitive advantage In addition to formulating decisions related
To support this vision, Bank Mandiri has defined
sectors in each region. and incorporating a structured implementation to program implementation, these meetings
its mission: “Providing integrated and innovative
3. Digital Platform Optimization. Advancing roadmap. The Board of Directors, in collaboration also serve as a forum to discuss, evaluate, and
financial solutions based on technology
progressive digital initiatives, including Livin’, with the Board of Commissioners, also takes into establish the Annual Work Plan and Budget
with excellent service, focused on customer
Livin’ Merchant, Kopra, and Smart Branch, account external dynamics that need to be (RKAP), Bank Business Plan (RBB), Long-Term
satisfaction, financial inclusion, and increasing
primarily to drive CASA growth. anticipated to ensure optimal strategy execution. Corporate Plan (RJPP), and Sustainable Finance
value for shareholders, to drive Indonesia’s
4. Strengthen Group Synergy. Enhancing The established strategies are then outlined in the Action Plan (RAKB) for the upcoming period. This
economic growth to be competitive on a global
synergy with subsidiaries through cross-selling, Bank Business Plan (RBB) and, more specifically, in comprehensive approach has led to tangible
level.”
streamlining business processes by leveraging the Sustainable Finance Action Plan (RAKB). Bank achievements, ensuring the attainment of various
technology, and implementing prudent Mandiri’s RAKB is formulated, implemented, and performance targets set in advance.
parent company risk management principles. evaluated in response to the growing global and
national focus on sustainability issues. Additionally,
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COMPARISON OF REALIZATION AND CHALLENGES AND RESOLUTION This global economic growth is influenced by The stability of the national financial services sector
TARGET MEASURES several factors, one of which is the economic in 2025 is expected to remain well maintained,
slowdown in China due to weakened supported by monetary policy easing, strong
Bank Mandiri once again delivered outstanding The limited decline in benchmark interest rates consumption, impacted by structural issues in the capitalization, adequate liquidity, well-managed
performance amid global and national economic across major economies, the strengthening property sector. This condition has the potential to risk profiles, and continued positive performance in
uncertainties. This is reflected in the bank-only of the US dollar, and the persistence of the put pressure on Indonesia’s export performance, the financial services sector. The national banking
total assets, which reached Rp1,877.3 trillion in benchmark interest rate (BI-Rate) have led to given that China is one of Indonesia’s main industry is also projected to remain stable, driven
2024, grew by 11.2% (yoy) from Rp1,688.9 trillion in tight liquidity conditions in the national banking trading partners. Meanwhile, India, another key by a strong Capital Adequacy Ratio, continued
2023. This achievement exceeded the 2024 RKAP industry. However, these conditions have been trading partner, is expected to maintain stable positive growth in intermediation, and moderate
target of Rp1,839.5 trillion. effectively managed by the banking sector in economic growth at around 6.5%, the same as growth in third-party fund accumulation.
Indonesia, including Bank Mandiri, as reflected in the previous year.
Bank Mandiri’s bank-only net profit also increased the maintained CASA and LDR ratios. Mitigation Considering these conditions, Bank Mandiri
to Rp51.1 trillion, grew by 0.1% (yoy) compared of these key challenges was carried out The United States is projected to be the advanced remains optimistic about sustaining and even
to Rp51.1 trillion in 2023. This result surpassed the through the strict implementation of the Industry economy with the highest growth rate compared enhancing its business growth trend in a sustainable
2024 RKAP target of Rp50.4 trillion. The primary Acceptance Criteria policy and sectoral credit to other developed countries. This condition and high-quality manner. The Bank will continue
driver of net profit growth was net interest income portfolio management using the Loan Portfolio may keep the US dollar exchange rate at a high to strengthen the consistent implementation
(NII), which reached Rp75.8 trillion, grew by 6.46% Guideline (LPG). This guideline is developed level, potentially tightening liquidity in emerging of its strategic focus to turn challenges into
(yoy), supported by well-managed costs. and reviewed regularly, at least twice a year, markets. Moreover, the change in administration opportunities and effectively mitigate key risks.
to monitor macroeconomic developments and in the US increases the risk of protectionist policies,
Bank Mandiri also successfully maintained the latest credit portfolio conditions. As a result, which could trigger larger-scale trade wars In 2025, Bank Mandiri will continue its growth
operational efficiency, as reflected in the cost- Bank Mandiri’s credit growth remained above the between countries. These developments may put strategy with a focus on strengthening its
to-income ratio, which increased by 70 basis industry average, focusing on prospective sectors pressure on global economic growth and further dominance in its core business (wholesale) and
points (yoy) to 35.01% in 2024. Through prudent with relatively rapid recovery rates. tighten liquidity in global financial markets. ecosystem-driven growth. In addition, Bank
loan disbursement and regular monitoring, Bank Mandiri will develop key sectors across various
Mandiri continued to improve its credit quality. Bank Mandiri also consistently applies a prudent On the other hand, global inflation is expected regions for the retail segment to create a higher-
This is evident from the 2024 gross NPL ratio, which policy in forming the Allowance for Impairment to continue declining to 4.2% in 2025 from 5.7% in quality credit portfolio. In terms of third-party
stood at 0.97%, down 5 basis points from 1.02% in Losses (CKPN) as an anticipatory measure against 2024, in line with the ongoing decline in energy fund accumulation, Bank Mandiri aims to be
the previous year. This NPL ratio also outperformed potential credit quality deterioration following commodity prices, which supports the trend of the primary financial partner for its customers
the 2024 RKAP target of 1.14%. the end of COVID-19 relaxation policies (Build-up lower global benchmark interest rates. However, by providing comprehensive financial solutions
CKPN). In addition, to address the risk of increasing various uncertainties in the global economy, through the optimization of digital platforms and
NPL and Loan at Risk (LaR), Bank Mandiri has including Trump’s policies, may limit further leveraging its extensive network across Indonesia.
Parameters and Financial 2024
prepared an action plan for debtors who are at declines in benchmark interest rates.
Ratios (Bank Only) Target Actual
risk of being downgraded to NPL status. GOOD CORPORATE GOVERNANCE
Loan Growth 10.0%-12.0% 20.72% Amid global economic uncertainties, Indonesia’s PRACTICES
Third-Party Funds Growth 7.0%-9.0% 6.82% BUSINESS OUTLOOK ANALYSIS economy continues to demonstrate strong
Net Profit Growth 0.0%-1.0% 0.08% resilience. Indonesia’s economic growth in 2025 Bank Mandiri is committed to implementing best
Cost of Credit 1.0%-1.2% 0.62% The global economy in 2025 is expected to is projected to be in the range of 5.0% to 5.2% practices in Good Corporate Governance as
remain challenged by various uncertainties due (yoy), sustaining the positive performance of 2024, a fundamental pillar in conducting its business
Gross NPL 1.0%-1.2% 0.97%
to the dynamics of monetary, fiscal, and trade which was driven by household consumption and activities. To fulfill its duties and responsibilities
Net Interest Margin 4.9%-5.1% 4.93%
policies implemented by major economies. In its investment. Household consumption remains while ensuring compliance with all governance
January 2025 World Economic Outlook report, the solid, particularly in the upper-middle segment. principles amid an evolving and challenging
IMF projected global economic growth of 3.3% Meanwhile, investment continues to grow in line business landscape, the Board of Directors held a
for 2025, slightly higher than the 3.2% recorded in with the completion of various National Strategic total of 48 meetings throughout 2024, consisting
2024. Projects (PSN), including the development of of 45 Board of Directors meetings and 3 Joint
the new capital city, Ibu Kota Nusantara (IKN). Meetings between the Board of Directors and the
Non-oil and gas export performance is also Board of Commissioners.
expected to improve, supported by growth in the
manufacturing and mining sectors.
PT BANK MANDIRI (PERSERO) TBK 77 78 ANNUAL REPORT 2024
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MANAGEMENT REPORTS
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Aligned with the latest governance concepts, 3. Participated in the 15th Indonesian Institute implementation, profitability, and capital, were 4. The Human Capital Policy Committee (HCPC)
Bank Mandiri applies the four pillars of for Corporate Directorship (IICD) Corporate generally rated as very good. Any identified has effectively carried out its duties in supporting
governance as outlined in the 2021 Indonesian Governance Award 2024 and received weaknesses were considered manageable within the Board of Directors, including designing human
Corporate Governance Guidelines (PUGKI), the Leadership in Corporate Governance the Bank’s normal business activities. resource management strategies, organizational
which were updated by the National Committee category. development, and strategic direction for the
on Governance Policy (KNKG). These four 4. Took part in the Corporate Governance Performance Assessment of Human Resource Information System. Throughout
pillars include ethical behavior, accountability, Perception Index (CGPI) program organized Committees Under the Board of 2024, the committee held 15 (fifteen) meetings in
transparency, and sustainability. As part of by The Indonesian Institute for Corporate Directors accordance with the work plan.
its commitment to continuously improving Governance (IICG) and successfully
governance practices, Bank Mandiri regularly maintained the Highly Trusted rating for the In carrying out its management duties, the Board 5. The Information Technology & Digital Banking
conducts self-assessments of governance quality, 18th consecutive year. of Directors is supported by 12 committees, also Committee (ITDC) has effectively performed
both individually and on an integrated basis. This 5. Three of Bank Mandiri’s subsidiaries received referred to as the executive committee. Based its role in supporting the Board of Directors,
assessment covers three key aspects, Governance a Highly Trusted rating, while another three on the Board of Directors’ assessment throughout including managing the company’s IT portfolio,
Structure, Governance Process, and Governance subsidiaries were rated Trusted in the 2024 2024, the committees have effectively fulfilled their IT budget allocation, and ensuring alignment
Outcome, to ensure governance effectiveness CGPI rankings. duties and responsibilities. Below is a summary of with the IT Strategy & Execution Plan (ISP).
and enhance corporate compliance and 6. Updated the Integrated Governance the assessment results. Throughout 2024, ITDC held 8 (eight) meetings
accountability standards. Guidelines on 25 March 2024, which were and demonstrated strong performance in
communicated to all financial institutions 1.
The Assets & Liabilities Management driving digital innovation.
Bank Mandiri actively participates in external within Mandiri Group’s financial conglomerate Committee (ALCO) has effectively carried out
assessments of its governance quality to gain on 23 April 2024. its duties in supporting the Board of Directors, 6.
The Integrated Risk Committee (IRC) has
feedback for improving the implementation of 7. Adjusted the Integrated Governance including asset and liability management effectively fulfilled its responsibilities in
corporate governance within the Bank. External Committee Membership through Board of strategies, interest rate determination, liquidity supporting the Board of Directors, particularly
assessors include The Indonesian Institute for Directors Decree No. KEP.DIR/040/2024 dated management, and monitoring financial in implementing a comprehensive and
Corporate Governance (IICG), which applies the 22 May 2024. indicators in the Recovery Plan. Throughout effective Integrated Risk Management
Corporate Governance Perception Index (CGPI) 8. Revised the Integrated Governance 2024, ALCO held 10 (ten) meetings, focusing framework, including the formulation and
as a benchmark, and the ASEAN Capital Market Committee Charter through Board of on work plans and strategic issues. refinement of Integrated Risk Management
Forum (ACMF), which evaluates governance Commissioners Decree No. KEP.KOM/009/2024 policies. Throughout 2024, IRC held 6 (six) online
practices based on the ASEAN Corporate dated 31 May 2024. 2. The Business Committee (BC) has effectively meetings and provided recommendations for
Governance Scorecard (ACGS). performed its role in supporting the Board 2 (two) proposals through a circular resolution.
Bank Soundness Level of Directors in formulating the Company’s
As part of its commitment to enhancing integrated business strategy, overseeing 7. The Policy & Procedure Committee (PPC) has
governance quality, Bank Mandiri follows a Bank Mandiri regularly assesses its risks and product and activity management, and effectively carried out its duties in supporting
structured governance strengthening process performance through the self-assessment of optimizing marketing strategies for the the Board of Directors, including regulating
based on the phases outlined in its governance the Bank Soundness Level (TKB) using a risk- Wholesale and Retail Banking segments. corporate policies in the form of Mandiri
roadmap. In 2024, the following initiatives were based approach (Risk-Based Bank Rating). Throughout 2024, BC held 14 (fourteen) Group Provisions, Policies, or Procedures, as
undertaken: This assessment covers risk profile, governance meetings, discussing key agendas and related well as granting authority to company officials
implementation, profitability (earning), and issues. on an ex-officio basis. In 2024, PPC carried
1. Conducted two individual self-assessments on capital. The self-assessment follows the guidelines out its duties 41 (forty-one) times, with 2 (two)
governance in accordance with POJK No. 17 set by OJK Regulation No. 4/POJK.03/2016 on 3. The Capital & Subsidiaries Committee (CSC) decisions made through meetings and 39
of 2023 and SEOJK No. 13/SEOJK.03/2017 on the Assessment of Commercial Bank Soundness has effectively fulfilled its responsibilities in (thirty-nine) decisions made through circular
Governance Implementation for Commercial Levels, with the final result presented as a supporting the Board of Directors, including resolutions.
Banks. The first-period assessment by the composite rating (PK). managing the Company’s and subsidiaries’
Financial Services Authority (OJK) resulted in a capital, providing recommendations on
score of 2, while the second period achieved As of 31 December 2024, the individual self- corporate actions, determining capital
a score of 1. assessment of Bank Mandiri’s Bank Soundness investment and divestment strategies, and
2. Conducted two integrated self-assessments Level was rated at composite rating 1 (PK-1). This proposing the appointment and remuneration
on governance based on POJK No. 18/ rating reflects a very sound condition, indicating of Directors and Commissioners of subsidiaries.
POJK.03/2014 and SEOJK No. 15/SEOJK.03/2015, the Bank’s strong ability to withstand significant Throughout 2024, CSC held 30 (thirty) meetings.
with both assessments receiving a score of 1. negative impacts from business condition
changes and external factors. The assessment
factors, including risk profile, governance
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8. The Risk Management Committee (RMC) has effectively performed its role in supporting the Board of
Directors in implementing an effective risk management process and system. The committee ensures Name Position Appointment Basis Effective Date Period
adequacy in risk identification, measurement, and monitoring, as well as in the formulation of risk Darmawan • Period 1: EGMS 21 October 2020 23 December
President Director 2022-2027
management policies and strategies. Throughout 2024, RMC approved 25 (twenty-five) agendas Junaidi • Period 2: AGMS 10 March 2022 2020
through 15 (fifteen) online meetings and approved 10 (ten) decisions via circular resolution. Alexandra • Period 1: EGMS 21 October 2020 23 December
Vice President Director 2023-2028
Askandar • Period 2: AGMS 14 March 2023 2020
9. The Credit Policy Committee (CPC) was established to assist the Board of Directors in formulating Agus Dwi Director of Compliance • Period 1: AGMS 21 March 2018 12 September
2023-2028
Handaya and HR • Period 2: AGMS 14 March 2023 2018
policies, overseeing policy implementation, monitoring the development and condition of the credit
Director of Corporate • Period 1: EGMS 7 January 2019
or financing portfolio, and providing recommendations for corrective actions. Throughout 2024, CPC Riduan* 15 May 2019 2023-2028
Banking • Period 2: AGMS 14 March 2023
approved 1 (one) decision via circular resolution. Director of Network and 02 September
Aquarius Rudianto Period 1: AGMS 19 February 2020 2020-2025
Retail Banking 2020
10. The Transformation Committee (TFC) has effectively carried out its duties in supporting the Board 15 January
Toni E. B. Subari Director of Operation Period 1: EGMS 21 October 2020 2020-2025
of Directors, including overseeing the bank’s transformation initiatives and ensuring alignment with 2021
strategic objectives. The committee held 5 (five) meetings throughout 2024. Director of Institutional 23 December
Rohan Hafas Period 1: EGMS 21 October 2020 2020-2025
Relations 2020
11. The Credit Committee (Rapat Komite Kredit/RKK) has effectively performed its role in supporting the Director of Finance and 23 December
Sigit Prastowo Period 1: EGMS 21 October 2020 2020-2025
Strategies 2020
Board of Directors, particularly in managing credit disbursement decisions within the designated
Director of Infromation
authority limits. Throughout 2024, the Credit Committee approved 1,250 credit proposals, consisting of Timothy Utama
Technology
Period 1: AGMS 15 March 2021 24 May 2021 2021-2026
427 decisions for the corporate segment and 823 decisions for the commercial segment. Director of Treasury and
Eka Fitria Period 1: AGMS 14 March 2023 21 August 2023 2023-2028
International Banking
12. The Social and Environmental Responsibility Committee (SERC) has effectively carried out its duties Danis Director of Risk
Period 1: AGMS 7 March 2024 30 August 2024 2024-2029
in supporting the Board of Directors, including mapping and formulating the company’s Social and Subyantoro** Management
Environmental Responsibility (SERC) programs. The committee held 2 (two) meetings throughout 2024, Totok Director of Commercial
Period 1: AGMS 7 March 2024 30 August 2024 2024-2029
focusing on work plan implementation and priority issues. Priyambodo** Banking
*) Reassigned as Director of Corporate Banking at the Annual GMS on 07 March 2024.
**) Appointed as Director at the Annual GMS on 07 March 2024.
Changes in the Composition of the Board of Directors
Referring to the resolution of the Annual GMS on 7 March 2024, Bank Mandiri made changes to the ENVIRONMENTAL, SOCIAL, AND GOVERNANCE MANAGEMENT (ESG)
composition of the Board of Directors as follows:
• Confirmed the honorable dismissal of Mr. Ahmad Siddik Badruddin from his position as Director of Risk Bank Mandiri continues to demonstrate its leadership in fulfilling its commitment to sustainability, contributing
Management and appointed Mr. Danis Subyantoro as Director of Risk Management. to the advancement of the national financial industry, and realizing its aspiration to become Indonesia’s
• Granted an honorable discharge to Ms. Susana Indah K. Indriati from her position as Director of Sustainability Champion for a Better Future. The Bank has formulated strategic initiatives to lead Indonesia’s
Corporate Banking. transition toward a low-carbon economy, achieve Net Zero Emission (NZE) from operational activities by
• Reassigned Mr. Riduan from his previous role as Director of Commercial Banking to Director of 2030, and from financing activities by 2060 or earlier. The implementation of this sustainability leadership
Corporate Banking. is carried out through three key pillars: sustainable banking, sustainable operations, and sustainability
• Appointed Mr. Totok Priyambodo as Director of Commercial Banking. beyond banking, which are also reinforced through the 2025-2029 Sustainable Finance Action Plan.
With these changes, the composition of the Board of Directors remains at 12 (twelve) members, consisting Sustainable Banking
of 1 (one) President Director, 1 (one) Vice President Director, and ten (ten) Directors. Below is the
composition of the Board of Directors of Bank Mandiri as of 31 December 2024: Under the Sustainable Banking pillar, Bank Mandiri has developed and implemented credit policies
that integrate environmental, social, and governance (ESG) aspects, as well as applied sectoral credit
policies as provisions in disbursing financing to customers. Throughout 2024, Bank Mandiri has completed
the review process and integrated sectoral credit policies for five new sectors: Hotels, Restaurants &
Accommodations, Fertilizers & Pesticides, Cement, Automotive, and Chemicals. As such, the ESG policies
outlined in the Industry Acceptance Criteria (IAC) technical guidelines now cover a total of 17 sectors,
further strengthening our commitment to sustainable and responsible financing.
As a realization of the implementation of ESG policies, Bank Mandiri continues to drive the growth
of its sustainable portfolio through the end of 2024. By the end of 2024, Bank Mandiri has recorded a
total sustainable portfolio of Rp293 trillion, in accordance with the categories set out in POJK No. 51 of
2017, grew by 10.8% (yoy), with the green portfolio reaching Rp149 trillion, an increase of 15.5% (yoy),
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while the social portfolio stood at Rp144 trillion, compared to the 2019 baseline. Compared to the this end, Bank Mandiri has strengthened the This platform offers various key features, including
grew by 6.7% (yoy). Bank Mandiri is also the first previous year, our operational emissions this year implementation of the Personal Data Protection digital payment acceptance, real-time business
national bank in Indonesia to have established declined by 19%, exceeding our target of 9% set Law (PDP) and enhanced data security systems dashboards, and inventory management. In
both a Sustainable Finance Framework and a for OJK. This achievement is driven by a twofold to improve data management mechanisms addition, Livin’ Merchant facilitates transaction-
Transition Finance Framework. These documents increase in initiatives compared to the previous while adhering to best practices and regulatory based financing access, enabling business owners
reflect Bank Mandiri’s dedication to building a year, including the installation of 870 solar panels, requirements. who actively use the platform to have greater
strong governance and framework to promote the deployment of 404 battery electric and opportunities to secure business loans tailored to
sustainable financing, in line with prevailing hybrid vehicles for operational transportation, the Sustainability Beyond Banking their performance. As of December 2024, Livin’
regulations and global standards. establishment of 26 charging stations, and the Merchant has registered 2.4 million merchants,
addition of three certified green buildings. Under the third pillar, Sustainability Beyond with 1.47 million located in non-urban areas.
As part of our commitment to sustainability, Banking, Bank Mandiri is committed to driving This reflects the platform’s reach in empowering
Bank Mandiri continues to expand its portfolio of This progress is not merely the result of our strategic economic growth that delivers optimal social businesses across various regions, including
environmentally focused financial products by initiatives but also reflects the contribution and full benefits. We believe that sustainability extends remote areas that previously had limited access
offering a range of innovative solutions, including support of our employees. Bank Mandiri ensures beyond internal corporate aspects to include our to digital banking services.
Green Loans, Social Loans, Sustainability-Linked that sustainability principles are not just policies broader contributions to improving societal well-
Loans, and Corporate in Transition Financing. but are deeply integrated into the company’s being. As such, Bank Mandiri actively supports the Sustainability is a long-term journey that requires
These products are designed to support customers, work culture and operations. As such, we actively achievement of the Sustainable Development synergy, collaboration, and unwavering
particularly those in high-carbon-emission sectors, enhance employee awareness and capacity Goals (SDGs) by implementing various financial commitment. With a spirit of innovation and
in transitioning toward more environmentally in sustainability through various educational inclusion initiatives and strategically designed responsibility, we are confident that Bank Mandiri
friendly business practices. In addition, Bank programs, training, and engagement in Corporate Social and Environmental Responsibility will continue to contribute to economic growth,
Mandiri is strengthening its presence in the environmental and social initiatives. (TJSL) programs. strengthen social well-being, and preserve
retail segment by developing various products, environmental sustainability for future generations.
including Green Mortgage (KPR Hijau), electric Recognizing the vital role of our employees, Bank By the end of 2024, Bank Mandiri has disbursed
vehicle financing, and solar panel financing, Mandiri is committed to fostering an inclusive Rp63.9 trillion in People Business Loans (KUR) and SOCIAL AND ENVIRONMENTAL
as part of efforts to provide broader access for and equitable work environment where every Rp26.9 trillion in Micro Business Loans (KUM) to more RESPONSIBILITY (TJSL)
individuals to support sustainability initiatives. In individual has equal opportunities for growth than 2.9 million micro customers across Indonesia.
terms of funding, Bank Mandiri has issued several and leadership, regardless of gender, ethnicity, These initiatives aim to expand financing access Bank Mandiri implements its Corporate Social and
sustainable financial instruments, including a Rp5 religion, or other factors. We believe that for micro and small enterprises, enabling them Environmental Responsibility (TJSL) program as
trillion Green Bond, a USD500 million ESG Repo, diversity and gender equality are key elements to scale their businesses and enhance their a commitment to supporting the achievement
and a USD300 million Sustainability Bond. in building a more innovative, adaptive, and competitiveness in the market. Moreover, Bank of the Sustainable Development Goals across
highly competitive organization. As a concrete Mandiri has nurtured 110,481 Mandiri Agen, who, social, economic, and environmental aspects.
Going forward, Bank Mandiri will continue to manifestation of this commitment, Bank Mandiri by the end of 2024, have facilitated the opening The execution of the TJSL program reflects
develop various sustainable financial instruments, continues to strengthen the role of women of more than 2.9 million new accounts, helping Bank Mandiri’s responsibility to all stakeholders,
both in financing and funding. By expanding in management by creating equal career previously unbanked communities gain access reinforcing that business development is carried
financing solutions for both the wholesale and development opportunities through promotions, to formal financial services and participate in the out by maintaining a balance between economic,
retail segments, Bank Mandiri aims to be a key competency enhancement, and access to financial ecosystem. social, and environmental performance.
catalyst in building an inclusive, innovative, and strategic positions. As of December 2024, female
impactful sustainable financial ecosystem that employees comprised 52% of Bank Mandiri’s More than just providing financing, Bank Mandiri To ensure effectiveness and alignment with
benefits both the environment and society. workforce, while male employees accounted actively contributes to enhancing financial priorities and work plans, Bank Mandiri applies four
for 48%. At the managerial level and above, the literacy and empowering Micro, Small, and key principles in TJSL implementation: integration,
Sustinable Operation proportion of female employees reached 46%. Medium Enterprises (MSMEs) through various focus, measurability, and accountability.
programs, one of which is Digipreneurship. This Strategic TJSL initiatives are structured around
Under the second pillar, Sustainable Operation, Aligned with these principles of equality and program is designed to help MSMEs leverage four main pillars, environment, economy, legal
Bank Mandiri continues to strengthen inclusivity, Bank Mandiri also prioritizes data digitalization to boost productivity, expand market and governance, and social, aligned with
environmentally friendly operations to achieve privacy and security as fundamental aspects of reach, and strengthen their competitiveness in the Regulation of the Minister of State-Owned
Net Zero Emission (NZE) for operational activities its operations. With the rapid digitalization of the the rapidly evolving digital economy. One of our Enterprises No. PER-05/MBU/04/2021 on SOE Social
by 2030. We have consistently monitored positive financial sector, we recognize the importance key initiatives in supporting MSME digitalization is and Environmental Responsibility Programs.
trends in reducing operational emissions for of data protection in maintaining customer Livin’ Merchant, a comprehensive digital platform
Scope 1 and 2, which in 2024 decreased by 33% trust and ensuring operational sustainability. To that simplifies business transaction management.
PT BANK MANDIRI (PERSERO) TBK 83 84 ANNUAL REPORT 2024
Page 44
MANAGEMENT REPORTS
BOARD OF DIRECTORS REPORT
1 Darmawan Junaidi
President Director
2 Alexandra Askandar
Vice President Director
3 Agus Dwi Handaya 4 Eka Fitria
Director of Treasury and
5 Aquarius Rudianto
Director of Network
6 Sigit Prastowo
Director of Finance
Director of Compliance and HR
International Banking and Retail Banking & Strategy
In 2024, Bank Mandiri allocated Rp250.0 billion in TJSL funding, marking a 43% increase from the previous
year. This funding was distributed across the four main pillars as follows: Rp112.0 billion (44.8%) for social
programs, Rp82.5 billion (33.0%) for economic programs, Rp52.5 billion (21.0%) for environmental programs, 7 Danis Subyantoro
Director of Risk Management
8 Riduan
Director of Corporate
9 Toni E. B. Subari 10 Rohan Hafas
Director of Institutional
11 Timothy Utama 12 Totok Priyambodo
Director of Operation Director of Information Technology Direktur Commercial Banking
and Rp3.0 billion (1.2%) for legal and governance programs. Overall, Bank Mandiri has implemented 1,195 Banking Relations
programs across these four TJSL pillars, with the following distribution: 492 programs under the social pillar,
343 programs under the economic pillar, 348 programs under the environmental pillar, and 12 programs
under the legal and governance pillar.
APPRECIATION
In representing the Board of Directors of Bank Mandiri, we extend our gratitude to the Board of
Commissioners for their guidance, direction, and oversight in supporting our daily operational duties. We
also express our appreciation to our shareholders and customers for their trust, which has enabled Bank
Mandiri to achieve significant and sustainable growth while maintaining strong operational and financial
performance amid challenges and uncertainties. Moreover, we extend our appreciation to regulators
and all other stakeholders for their continued support and collaboration throughout 2024.
We also extend our deepest appreciation to all employees for their dedication and hard work, which
have enabled Bank Mandiri to continue growing and realizing the vision and mission we share. This year’s
strong performance serves as a solid foundation for even greater achievements in the years ahead, in
line with our commitment reflected in this report’s theme, “Leading Today, Championing the Future.”
With the spirit of leadership today, we continue to build a strong foundation for the future, ensuring that
innovation, sustainability, and continuous growth remain integral to our journey. Together, we can realize
Bank Mandiri’s aspirations of creating a lasting legacy of prosperity while inspiring a better future for the
next generation.
In closing, to all our customers and business partners, it is a privilege for us, the Bank Mandiri family, to serve
and fulfill your expectations by providing financial products and services that align with the evolving scale
of your business and the ever-dynamic lifestyles of today.
Jakarta, March 2025
On Behalf of the Board of Directors
Darmawan Junaidi
President Director
12 11 10 9 8 1 2 3 4 5 6 7
PT BANK MANDIRI (PERSERO) TBK 85 86 ANNUAL REPORT 2024 87 ANNUAL REPORT 2024
Page 45
MANAGEMENT REPORTS
STATEMENT LETTER OF STATEMENT LETTER OF
THE MEMBERS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS THE MEMBERS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
REGARDING RESPONSIBILITY FOR THE ANNUAL REPORT FOR FISCAL YEAR 2024 OF REGARDING RESPONSIBILITY FOR THE ANNUAL REPORT FOR FISCAL YEAR 2024 OF
PT BANK MANDIRI (PERSERO) TBK PT BANK MANDIRI (PERSERO) TBK
We, the undersigned, hereby declare that all information in the 2024 Annual Report of PT Bank Mandiri We, the undersigned, hereby declare that all information in the 2024 Annual Report of PT Bank Mandiri
(Persero) Tbk has been fully disclosed and we assume full responsibility for the accuracy of the contents (Persero) Tbk has been fully disclosed and we assume full responsibility for the accuracy of the contents
of the Company’s Annual Report. of the Company’s Annual Report.
This statement is made truthfully.
This statement is made truthfully.
Jakarta, March 2025
Jakarta, March 2025
BOARD OF DIRECTORS BOARD OF COMMISSIONERS
Darmawan Junaidi Alexandra Askandar M. Chatib Basri Zainudin Amali
President Director Vice President Director President Commissioner/ Vice President Commissioner/
Independent Independent
Agus Dwi Handaya Riduan Aquarius Rudianto Loeke Larasati Agoestina Muliadi Rahardja Heru Kristiyana
Independent Independent Independent
Director of Compliance and HR Director of Corporate Banking Director of Network and Retail
Commissioner Commissioner Commissioner
Banking
Rionald Silaban Faried Utomo Arif Budimanta
Toni E. B. Subari Rohan Hafas Sigit Prastowo Commissioner Commissioner Commissioner
Director of Operation Director of Institutional Director of Finance and
Relations Strategy
Timothy Utama Eka Fitria Danis Subyantoro Totok Priyambodo Muhammad Yusuf Ateh Tedi Bharata
Director of Information Director of Treasury and Director of Risk Management Director of Commercial Commissioner Commissioner
Technology International Banking Banking
PT BANK MANDIRI (PERSERO) TBK 88 89 ANNUAL REPORT 2024
Page 46
Bank Mandiri has
once again made
breakthroughs in digital
service innovation to meet
the increasingly diverse
needs of society with high
mobility. This is achieved
through its contactless
products: Mandiri Debit
Contactless, Mandiri Kredit
Contactless, and Tap to
Pay. These products can
be used with the “Tap”
method on EDC machines.
COMPANY
PROFILE
Page 47
COMPANY PROFILE
COMPANY PROFILE COMPANY PROFILE
Company Name Authorized Capital Website Subsidiaries
www.bankmandiri.co.id • PT Bank Syariah Indonesia Tbk (BSI)
PT Bank Mandiri (Persero) Tbk. Rp16,000,000,000,000 (sixteen trillion Rupiah)
consisted of 1 (one) Dwiwarna Series es A share and • PT Bank Mandiri Taspen (Bank Mantap)
127,999,999,999 (one hundred twenty seven billion • Bank Mandiri (Europe) Limited (BMEL)
nine hundred and ninety-nine thousand nine hundred Call Center
and ninety-nine) B Series es share, each having a • PT Mandiri Tunas Finance (MTF)
nominal value of Rp125,- (one hundred and twenty five • PT Mandiri Utama Finance (MUF)
Short Name Rupiah). 14000 ; (021) 52997777 • PT AXA Mandiri Financial Services (AXA
(for overseas customer) Mandiri)
Bank Mandiri • PT Mandiri Sekuritas (Mansek)
• PT Mandiri Capital Indonesia (MCI)
Issued and Fully Paid-up Capital Corporate Secretary
• Mandiri International Remittance Sdn. Bhd.
(MIR)
From the authorized capital, 93,333,333,332 (ninety- M. Wisnu Trihanggodo
three billion three hundred thirty-three million three (Per 1 December 2024-31 December 2024)*
Teuku Ali Usman (1 January 2024-30 November 2024)*
Product Updates hundred thirty-three thousand three hundred thirty-
two) shares have been subscribed and fully paid-up Website :
with a total nominal value of Rp 11,666,666,666,500 Sub-Subsidiaries (termasuk 1 Entitas
Banking (eleven trillion six hundred sixty-six billion six hundred http://www.bankmandiri.co.id Cicit)
sixtysix million six hundred sixty-six thousand and five Email : • PT Mandiri Manajemen Investasi (MMI)
hundred Rupiah) consisted of 1 (one) Dwiwarna corporate.communication@ bankmandiri.co.id
Series es A share with a nominal value of Rp125,- (one • Mandiri Securities Pte Ltd (MSPL)
hundred and twenty five Rupiah) and 93,333,333,331 *Mr. Teuku Ali Usman as Corporate Secretary enters retirement as of 1
December 2024. In this regard, the function of the Interim Corporate • PT Mitra Transaksi Indonesia (MTI)
(ninety-three billion three hundred thirty-three million Secretary is carried out by SEVP Corporate Relations, namely Mr. M. Wisnu
Trihanggodo. • Mandiri Investment Management Pte. Ltd.
three hundred thirty-three thousand three hundred
Establishment thirty-one) B Series es share. (MIMS)
Office Network Data
02 October 1998
Legal Basis of Establishment • 1 Head Office Contact Address
• 9 Subsidiaries
Deed No. 10 dated 2 October 1998, made before Corporate Secretary
Sutjipto, S.H., a Notary, and has been approved by the • 4 Sub-Subsidiaries (include 1 Sub- corporate.communication@bankmandiri.co.id
Ownership Minister of Justice of the Republic of Indonesia No. C2- Subsidiary)
16561. HT.01.01.Th.98 dated 2 October 1998, and has Investor Relation
been announced in the State Gazette of the Republic • 139 Branch Offices Email : ir@bankmandiri.co.id
of Indonesia Number 97 dated 4 December 1998, and • 2,053 Sub-Branch Offices Customer Care
its Supplement No. 6859.
Governance of the • 12,892 ATM Email : mandiricare@bankmandiri.co.id
52% Whatsapp : +62 811 8414 000 (MITA)
Republic of Indonesia • 7 Overseas Branch Office
Stock Listing on Indonesia consisted of 5 overseas branches and
Code Stock Exchange 2 subsidiaries
Social Media
BMRI 14 July 2003
Head Office Address www.twitter.com/bankmandiri
48% Public
SWIFT Number of
www.twitter.com/mandiricare
code Employees Plaza Mandiri www.instagram.com/bankmandiri
Jl. Jenderal Gatot Subroto
www.facebook.com/bankmandiri
BMRIIDJA 38,874 Personnel as of Kav. 36-38 Jakarta 12190 INDONESIA www.facebook.com/bankmandiricare
December 2024 Tel : 62-21 5265045
Fax :62-21 5274477, 527557
PT BANK MANDIRI (PERSERO) TBK 92 93 ANNUAL REPORT 2024
Page 48
COMPANY PROFILE
ASSOCIATIONS MEMBERSHIPS CORPORATE BRANDING
Position
No. Associations Scopes
(Members/Board)
The brand identity of Bank Mandiri consists of symbol, fonts, colours
1. Indonesian Issuers Association (AEI) Member National
and tagline. Each element is elaborated as follows:
2. Banking Compliance Director Communication Board of Management National
Forum (FKDKP)
3. National Bank Association (Perbanas) Board of Management National
4. State-Owned Banks Association (Himbara) Member National
5. Indonesian Bankers Association (IBI) Member National Logo with Lowercase Fonts
The use of lowercase letters signifies a friendly message towards all business
6. Financial Services Sector Settlement Alternative Member National
segments of Bank Mandiri and features a profound commitment to serve all
Institution (LAPS SJK)
customers courteously (customer centric).
7. Bank Association for Risk Management (BARA) Board of Management National
Dark Blue Coloured Font
8. World Economic Forum (WEF) Member International
Symbolizes sense of comfort, calm, soothing, noble heritage, stability, Series ous
9. APEC Business Advisory Council (ABAC) Member Asia Pasifik (respect) and resistance to challenges (reliable). It symbolizes professionalism,
strong foundation, loyal, trustworthy and high honour.
10. Indonesian Chief Information Officer Board of Management National
Association (ICIO)
11. Forum Human Capital Indonesia (FHCI) Board of Management National
12. Indonesia Foreign Exchange Market Board of Management National
Committee (IFEMC)
13. Indonesian Sustainable Finance Initiatives Board of Management National
14. Association Cambiste International - Financial Board of Management & National
Markets Association (ACI FMA) Indonesia Member
15. Bonds Traders Association (HIMDASUN) Board of Management & National
Leading, Trustworthy, Grow with You.
Member
16. Banking Archives Communication Forum (FKKP) Member National
17. Indonesian Archives Association (AAI) Member National
18. Indonesia Contact Center Association (ICCA) Internal Membership National
Leading, Trustworthy, Grow with You
19. International Council of Museums (ICOM) Member Internasional
20. Indonesian Museums Association (AMI) Member National Philosophy of the Tagline Golden Yellow
“Leading, Trustworthy, Grow with You” Precious metal colour that indicates grandeur,
21. Regional Museums Association (AMIDA) Member National
glory, prosperity and wealth. Symbolizes
22. International Chamber of Commerce (ICC) Board of Management Internasional The word “Leading” symbolizes hard work and activeness, creativity, festivity, friendliness, fun
Indonesia professionalism to place Bank Mandiri at the and comfort.
23. Association of Indonesian Mutual Fund Selling Board of Management National forefront. The word “Trusted” symbolizes the
Agent Banks (ABAPERDI) integrity of the transparency conduct to place Liquid Gold Wave
Bank Mandiri as a trusted banking institution. The Symbolizes financial wealth in Asia that puts
24. Indonesian Custodian Banks Association Board of Management National word “Grow with You” symbolizes customer focus forward the nature of agility, progressive, forward
and dedication from all Bank Mandiri personnel to looking, excellence, flexible, and resilient in
25. Indonesian Board of Trustees Association Member National
grow with the Nation. addressing future challenges.
PT BANK MANDIRI (PERSERO) TBK 94 95 ANNUAL REPORT 2024
Page 49
COMPANY PROFILE
COMPANY AT A GLANCE COMPANY AT A GLANCE
PT Bank Mandiri (Persero) Tbk. hereinafter referred (Bapindo) (hereinafter collectively referred 1999 and approved by Bank Indonesia Governor
to as Bank Mandiri was established on 2 October to as Merged Bank). Pursuant to Clause 3 of The amendment has been ratified by the Minister under the Decree No. 1/9/KEP.GBI/1999, dated
1998 in the Republic of Indonesia under notary the Articles of Association of Bank Mandiri, the of Law and Human Rights of the Republic of 29 July 1999. Such merger was deemed valid by
deed of Sutjipto, S.H., No. 10 in conjunction to scope of activities of Bank Mandiri is to conduct Indonesia in accordance with the letter of receipt the Head of Department of Industry and Trade of
Government regulation No. 75 Year 1998 dated business in the banking sector in accordance of notification No. AHU-AH.01.03-0085149 and South Jakarta through Decree No. 09031827089
1 October 1998. The Deed of Establishment was with the prevailing laws and regulations. Bank decree AHU-0022201.AH.01.02. Tahun 2024 dated dated 31 July 1999 that was an effective date of
ratified by the Minister of Justice of the Republic of Mandiri commenced its operations on 1 August 07 April 2024 and registered in the Company the merger.
Indonesia in Decree No.C2-16561.HT.01.01.Th.98 1999. The Bank’s Parent Entity is the Government Register No. AHU-0072626.AH.01.11.Tahun 2024
dated 2 October 1998, and was announced on of the Republic of Indonesia through the Ministry dated 05 April 2024. On the effective date of the merger:
the State Gazette of the Republic of Indonesia of State-Owned Enterprises which is the Ministry • All assets and liabilities of the Merged Banks
No. 97 dated 4 December 1998 and Supplement within the Indonesian Government in charge of INFORMATION ON BUSINESS MERGER were transferred to Bank Mandiri as the
No. 6859. fostering state-owned enterprises. At the end of February 1998, the Government of Surviving Bank;
the Republic of Indonesia (hereinafter referred • All operations and business activities of the
Bank Mandiri was established through the The Articles of Association of Bank Mandiri have to as the Government) announced a plan to Merged Banks were transferred and operated
merger of PT Bank Bumi Daya (Persero) (BBD), PT been amended several times, as lastly amended restructure the Merged Bank. In connection by Bank Mandiri;
Bank Dagang Negara (Persero) (BDN), PT Bank based on the Deed No. 07 dated 03 April 2024, with the restructuring plan, the Government • Bank Mandiri received an additional paid-in
Ekspor Impor Indonesia (Persero) (Exim Bank) made before Utiek R. Abdurachman, S.H., M.Kn., established Bank Mandiri in October 1998 by capital at Rp1,000,000 (one million Rupiah)
and PT Bank Pembangunan Indonesia (Persero) Notary in Jakarta. carrying out equity investment and transferring (full value) or equivalent to 1 (one) share
shares to the Merged Bank. The difference of the remaining shares owned by the
between the transfer price and book value of Government in each Merged Banks. On such
shares at restructuring period was not calculated effective date, the Merged Banks were legally
due to impracticality. All losses incurred during dissolved without any liquidation process and
the restructuring period were recognized in the Bank Mandiri as the Surviving Bank received
Recapitalization Program. all rights and liabilities of the Merged Banks.
The restructuring plan was designed to incorporate
the Merged Banks’ business into Bank Mandiri
in July 1999 and Bank Mandiri’s recapitalization.
Information of Name
The structurization of the Merged Bank into Bank
Mandiri also includes: Change
• Restructuring of loan; In line with the brief history, Bank Mandiri
• Restructuring of non-credit assets; has not changed its name since its
• Rationalization of domestic and overseas inception to date. However, the Bank
branch offices; has made changes to its original status
• Rationalization of human resource. of a company from private company to
a public company hence the Company
Under the notarial deed made by Sutjipto, S.H., name became PT Bank Mandiri (Persero)
No. 100 dated 24 July 1999, the Merged Banks Tbk. The amendment was effective as
were legally incorporated into Bank Mandiri. The of 19 April 2004 in accordance with the
Deed of Merger was ratified by the Minister of Decree of Senior Deputy Governor of Bank
Justice of the Republic of Indonesia under the Indonesia No. 6/11/KEP.DGS/2004 dated 19
Decree No. C-13.781. HT.01.04.TH.99 dated 29 July April 2004.
PT BANK MANDIRI (PERSERO) TBK 96 97 ANNUAL REPORT 2024
Page 50
COMPANY PROFILE
MILESTONES MILESTONES
2010
2005
Became a turning point Bank Mandiri
period by launching implemented
Transformation Phase Transformation Program
1 to 2010, to become Phase 2 “Outperform the
the bank of excellent 2008-2009 Market” which focused
1824-1998 1999
at the regional level
(regional champion).
on business expansion
to ensure significant
Transformation was growth in various business
carried out with 4 (four) 2006 & 2007 Bank Mandiri segments and achieve
1998 2003 main strategies, which are
cultural implementation,
implemented
Transformation Program
the level of profitability
that exceeds the market
The establishment of Bank In July 1999, 4 (four) State- aggressive control of Phase 2 “Outperform the average target.
Mandiri began with the Owned Banks, Bank Ekspor non-performing loans, Bank Mandiri implemented Market” which focused
extensive journey of 4 Established on 2 October Impor Indonesia, Bank improving business the “Back on Track” on business expansion
(four) State-Owned Banks, 1998, Bank Mandiri Dagang Negara, Bank growth that exceeds Transformation Program to ensure significant
namely Bank Ekspor Impor was part of a banking Bumi Daya, and Bank market growth averages, as part of Transformation growth in various business
Indonesia, Bank Dagang restructuring program Pembangunan Indonesia Bank Mandiri conducted and developing and Phase 1 which focused segments and achieve
Negara, Bank Bumi Daya, implemented by the were merged into one the Initial Public Offering managing alliance on reconstructing the the level of profitability
and Bank Pembangunan Government of Indonesia. entity called Bank Mandiri. (IPO). programs between fundamentals of Bank that exceeds the market
Indonesia. directorates. Mandiri. average target.
2018
• Bank Mandiri
implemented the
2011 new culture in early
2018. The application
of new culture has
2015 enabled the Bank to
reach 11th place out
Rp
• Bank Mandiri
conducted a rights 2017 of 500 world’s best
companies in terms
issue by issuing
2,336,838,591 shares at
The new chapter in
Transformation Phase
of work environment 2019
or “The World Best
a price of Rp5,000 per 3 to become “The Best
share. Bank in ASEAN 2020.” The 2016 Employers 2018” by
Forbes Magazine
Transformation Phase 3
• The initial stage of
the implementation 2012 (three) would bring Bank
version. Bank Mandiri issued Euro
Mandiri to be regional Medium Term Notes
of the Advanced • Bank Mandiri issued
players that is ready to Bank Mandiri carried out Bank Mandiri began (EMTN) with a par value
Transformation of
2010-2014. Bank Continued 2014 compete in the ASEAN several corporate actions implementing the the Bank
Sustainable
Mandiri
Bonds
of USD750,000,000 (full
amount) on the Singapore
Mandiri had revitalized transformation in 2012 market to provide the such as the issuance of Corporate Plan Restart
sustainability bonds, Asset which was announced Phase III Year 2018 Exchange (SGX). This is
its vision of becoming was carried out through best financial services
Backed Securities in the in September 2016. As of Rp3 trillion. The the highest Global Bond
the “most admired Business Transformation, Bank Mandiri successfully for all customers and the
form of Participation a result, Bank Mandiri’s Bank also issued Bank transaction made by an
and progressive which focused on 3 carried out the second community as well as to
Letters (EBA-SP) and annual net profit grew Mandiri Medium Term Indonesian bank hitherto
Indonesian Financial (three) main areas, phase of the transformation be the pride of Indonesia
the total asset value of significantly by 49.5%. Notes I in 2018 with the
Institution”. namely Wholesale and prepared to implement as the ASEAN best
Rp1,000 trillion. total of Rp500 billion.
Transaction, Retail Corporate Plan 2015- 2020. financial institution.
Deposit and Payment
and Retail Financing.
PT BANK MANDIRI (PERSERO) TBK 98 99 ANNUAL REPORT 2024
Page 51
COMPANY PROFILE
MILESTONES MILESTONES
2022
2021 • Bank Mandiri refined the Livin’ by Mandiri
application by launching the Livin’ Sukha
feature as a one-stop solution for all your
2024
lifestyle, which provides easy transactions in
customers’ daily lives.
• Launching of Livin’
• Bank Mandiri’s share price reached an All-time
high level of Rp 10,900 per share on 6 December • Bank Mandiri has once again made breakthroughs in digital service
2020 2022 and as of 30 December 2022 posted a
growth of 41.3% YoY.
innovation to meet the increasingly diverse needs of society with high
• Launching of Kopra mobility. This is achieved through its contactless products: Mandiri Debit
• Bank Mandiri has exercised equity investment
addition to PT Bank Syariah Indonesia Tbk
Contactless, Mandiri Kredit Contactless, and Tap to Pay. These products
amounted to Rp2.8 trillion to support business can be used with the “Tap” method on EDC machines.
Bank Mandiri issued • Issuance of and operations activities, as well as to foster
Bank Mandiri Bonds Bank Mandiri first Indonesia’s sharia economy.
II Phase I 2020 with Sustainability Bond • Bank Mandiri has successfully achieved outstanding performance
a nominal value of with a nominal value • Execution of the first Environmental, Social, and throughout 2024, as evidenced by its consolidated net profit of Rp42
Rp1,000 billion. of USD300 million Governance (ESG) Repurchase Agreement
(Repo) transaction in Indonesia with a nominal trillion as of the third quarter, marking a 7.56% year-on-year (YoY)
value of USD500 million. increase.
• Bank Mandiri recorded positive performance with a 14.9% YoY growth
in third-party funds (TPF) during 2024, reaching Rp1667.5 trillion. The Bank
also successfully maintained its current account and savings account
(CASA) ratio at 73.85%. Meanwhile, the Company’s asset quality
2023
remained strong, with a non-performing loan (NPL) ratio at 0.97%.
• As part of its efforts to optimize
• Bank Mandiri realized a solid performance by daily lifestyle transactions. As of October 2023, Livin’ by business in the international
achieveing Third-Party Funds (TPF) of Rp1,242.15 Mandiri has been downloaded 34 million times, with its
trillion (bank only), grew 4.11% YoY. This achievement transaction value reaching Rp2,600 trillion or an increase arena, Bank Mandiri has
was driven by an increase in low-cost funds which of 36% year on year. launched the Livin’ by Mandiri
reached 6.46% YoY (bank only) with the composition
of low-cost funds or current account and saving • Bank Mandiri also presents a new innovation Kopra Timor-Leste application,
account (CASA) reaching 79.40%, the highest since beyond borders in meeting the needs of corporate reflecting its commitment
Bank Mandiri was established. customers abroad, to ensure convenience access to an
integrated digital financial for the customer ecosystem. to meeting the financial
• Bank Mandiri held the mandiri ESG Festival by As of August 2023, a total of 677 transactions totaling transaction service needs of
launching digital carbon insetting, the first pre- Rp12.466 trillion have been managed by Bank Mandiri.
paid recycle card, and NZE Operational 2030 Kopra by Mandiri’s growth also increased 133% year-on-
customers in Timor-Leste. The
commitment. year (yoy) to 146,000 users within one year presence of Livin’ by Mandiri
Timor-Leste is expected to serve
• For 25 years, Bank Mandiri has consistently contributed • Bank Mandiri became the market leader in disbursing
to the people of Indonesia. Bank Mandiri’s green financing of Rp115 trillion, up 9.5% year on year as a digital financial solution for
commitment to continue to provide the best service (YoY). This is a tangible form of the implementation of all segments of society in Timor-
and performance has received appreciation from sustainable finance by Bank Mandiri, as well as a form
various parties, including LinkedIn Top Companies of our commitment to support Indonesia’s transition to Leste.
2023 as the Best Place to Work to Develop a Career net zero emission (NZE) by 2060 and the achievement
in Indonesia, Forbes World’s Best Bank 2023 as the of the United Nations Sustainable Development Goals
Number 1 State-Owned Bank in Indonesia, and AIBP (UN SDGs)
Innovation Awards 2023 from the ASEAN Innovation
Business Platform. • Issuance of first Bank Mandiri Green Bonds I Phase I Year
2023 (“Green Bonds I Phase I”) with nominal value of
• Digital transformation continues to be carried out, Rp5,000 billion.
this is done with the launch of the new Livin’ Sukha
2.0 feature which provides a more interesting
experience in accessing entertainment content and
PT BANK MANDIRI (PERSERO) TBK 100 101 ANNUAL REPORT 2024
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COMPANY PROFILE
VISION, MISSION & CORPORATE CULTURE
Mission
VISION, MISSION & Providing integrated and innovative financial
solutions based on technology with excellent
CORPORATE CULTURE service, focused on customer satisfaction, financial
inclusion, and increasing value for shareholders,
2003-2005 to drive Indonesia’s economic growth to be
Domestic Power House
Regional Champion Bank Vision competitive on a global level”
The Best Financial
To support its vision, Bank Mandiri strives to effectively facilitate the interests of all stakeholders as follows:
2005-2009 1. Customers: Bank Mandiri is committed to being a trusted financial partner by providing innovative
solutions, enhancing services to lead the market, and remaining relevant in the financial industry.
Dominant Multi Specialist
Regional Champion Bank Institution in 2. Employees: Bank Mandiri is dedicated to creating an inspiring and progressive work environment,
supported by targeted development programs to foster employee growth and maximize contributions.
Southeasy Asia
3. Shareholders: Bank Mandiri is committed to creating sustainable value for shareholders through
healthy growth, focusing on RoE, PBV, and increasing market capitalization, establishing itself as a
2010-2014 symbol of credibility and financial strength in the banking industry.
4. Community and Environment: Bank Mandiri is committed to Net Zero Emission and sustainable social
Indonesia’s Most Admired and With the purpose of the Spirit of Prospering the Country, Bank initiatives to support the environment, society, and sound corporate management.
Progressive Financial Institution
Mandiri’s long-term vision for 2025 - 2029 is “The Best Financial 5. Regulators: Bank Mandiri upholds superior governance and prudent principles to become a trusted
Institution in Southeast Asia”. institution in the eyes of regulators, with stable performance and satisfactory ratings.
2015-2020 This aspiration means that Bank Mandiri wants to be the best Review of Vision and Mission by the Board of Commissioners and Board of Directors
for all stakeholders, both in terms of customers, employees, To ensure the alignment of Bank Mandiri’s Vision and Mission with its ongoing operations, the Bank routinely
The Best Bank in ASEAN by 2020
shareholders, society and the environment, as well as regulators. reviews its Vision and Mission. The Bank’s Vision and Mission have been discussed and approved by the
Board of Directors and the Board of Commissioners. The new Vision and Mission have been formulated
2020-2024 Bank Mandiri is committed to providing the best customer
service that is recognized at the regional level while still
alongside the development of Bank Mandiri’s Corporate Plan for 2025-2029, which continues to emphasize
the Bank’s primary purpose, “Spirit to Prosper the Nation.” These new Vision and Mission statements have
To Be Your Preferred prioritizing its role as a catalyst for national economic growth. also been incorporated into the Bank’s Business Plan for the 2025-2027 period.
Financial Partner
2025-2029
The Best Financial
Institution in Southeast
Asia
PT BANK MANDIRI (PERSERO) TBK 102 103 ANNUAL REPORT 2024
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COMPANY PROFILE
CORPORATE CULTURE
VISI, MISI & BUDAYA
CORPORATE
PERUSAHAAN
CULTURE
Bank Mandiri makes AKHLAK’s Strategic Business Leader As part of SOEs, Bank Mandiri
Core Values as a fundamental who is AKHLAK and globally has implemented AKHLAK’s Akhlak Core Values and 18 Bank Mandiri Code of Conduct:
aspect in human resource competitive, thereby making Core Values through cultural
management as outlined Bank Mandiri a talent factory programs organized to shape
Since 2020, every State-Owned Enterprise (SOE) is required to implement the main values called AKHLAK,
through Human Capital creator, as part of Bank the mindset and behaviour
in accordance with the Circular of the Minister of SOEs No. SE 7/MB/07/2020 dated 1 July 2020 concerning
strategies and initiatives Mandiri’s efforts to foster of each employee based on
the Core Values of Human Resources of State-Owned Enterprises.
to ensure the formation of the role of SOEs as engines the application of AKHLAK
Mandirian’s character as a of economic growth and Core Values (Trustworthy,
Trustworthy Furthermore, to strengthen the sustainable
accelerators of social welfare. Competent, Harmonious, Loyal, Uphold the trust given implementation of AKHLAK core values,
Adaptive, & Collaborative) in “Trustworthy” value code of conduct:
Bank Mandiri has developed a framework
providing contribution through • Deliver on agreements and commitments
• Responsible for the duties, decisions and actions embodied in the unique characteristics of
daily work behaviour. This is performed all its employees, referred to as Mandirian
done to create a Resilient • Firmly upholding the moral and ethical values DNA (M-DNA). M-DNA represents the
Mandirian character in realizing unique characteristics of Mandirian
Bank Mandiri’s Employee Value Competent employees as a manifestation of the core
Proposition (EVP), namely Continue to learn and develop capabilities. values (Amanah, Competent, Harmonious,
“Competent” value code of conduct: Loyal, Adaptive, and Collaborative). These
Learning, Synergizing, Growing,
• Improving self-competence to overcome
and Contributing to Indonesia. specific behaviors (unique characteristics)
ever-changing challenges
• Helping others learn are actualized through the Gerakan
• Complete tasks of the highest quality Bersama Mandirian, aimed at fostering
Mandirian employees who always deliver
Harmonious and remain ahead in realizing Bank
Care for each other and respect differences. Mandiri’s vision and aspirations.
“Harmonious” value code of conduct: The unique characteristics of M-DNA are as
• Respect everyone regardless of background follows:
• Fond to help others
1. Think Big & Deliver Beyond Expectation
• Building a favourable work environment
Mandirian employees possess broad
Loyal perspectives and ambitious goals to
create significant impacts and deliver
Dedicated and to first put the interests of the
extraordinary contributions.
nation and the country.
Employee Value Proposition (EVP) Bank Mandiri: “Loyal” value code of conduct: 2. Start from The End
• Maintaining the good name of fellow employees, Mandirian employees design strategies
leaders, SOEs, and the Nation with the ultimate goals, ensuring efforts
1. Learn • Willing to sacrifice to achieve greater goals
• Be obedient to the leadership as long as it does not
are both strategic and tactical.
3. Create Our Own Game
Provide understanding to acquire/strengthen differed new knowledge, behaviours, skills or conflict with law and ethics
Mandirian employees craft unique
values.
Adaptive strategies based on core competence,
delivering innovative solutions that
Continue to innovate & be enthusiastic in
2. Synergy enforcing or overcoming change. stand out and are difficult to replicate.
Provide understanding to work together and collaborate for the benefit of the company for the Adaptive” value code of conduct: 4. Fast, Detail & Don’t Want to Fail
achievement of the Vision and Mission. • Quickly adjust to perform better Mandirian employees execute with
• Constantly make improvements following speed and precision to deliver outputs
technological developments
3. Grow • Act proactively
of exceptional quality.
5. Go to Z
Provide understanding to develop personally and professionally.
Collaborative Mandirian employees demonstrate
resilience and commitment in fulfilling
Build synergistic cooperation.
4. Contribute to Indonesia “Collaborative” value code of conduct: responsibilities, ensuring achievement
Provide understanding to have a contribution and contribution, as well as provide meaning and • Provide opportunities for various parties to contribute and the sustainability of execution
• Open to working together to generate added value impacts.
benefits for Indonesia. • Drive the utilization of multiple resources for a
common goal
PT BANK MANDIRI (PERSERO) TBK 104 105 ANNUAL REPORT 2024
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COMPANY PROFILE
BUSINESS LINES
BUSINESS LINES ACCORDING TO THE ARTICLES
ASSOCIATION AND BUSINESS ACTIVITIES
Based on Clause 3 of the Articles of Association of Bank Mandiri, the scope of
activities of Bank Mandiri is to conduct business in banking sector according to
the prevailing laws and regulations. Information on business activities based on
Articles of Association on the scope of the Company’s activities are:
BUSINESS ACTIVITIES BASED ON ARTICLES OF ASSOCIATION
Main Business Activities 7. Receiving payment from the collection of
1. Collecting funds from public in forms of current commercial papers and make calculation
accounts, term deposits, deposit certificates, with or between the third party;
savings, and/or other equivalent forms; 8. Providing place to store securities and
2. Lending; valuable items;
3. Issuing promissory note; 9. Providing custodial service for the interest of
4. Purchasing, selling, or guaranteeing on own- other parties under contract;
risk or for the interest of and upon orders of 10. Investing funds of one customer to another
customer in the form of securities not listed on
the customers;
the Stock Exchange;
SUPPORTING BUSINESS ACTIVITIES
a. Bills of exchange including drafts and
acceptance by the bank which validity 11. Implementing factoring, credit card business,
periods are no more than the customary and trustee activities;
12. Financing and/or performing other activities 1. Activities in foreign exchange by fulfilling 5. Buy collateral, all or both in part, by auction
in the trade of the intended bills;
based on sharia principles, in accordance provisions stipulated by the authorized; or by other ways in which the debtor does not
b. Promissory note and other commercial
papers which validity periods are no with the provisions stipulated by the 2. Conduct capital participation in bank or fulfill its obligations to Bank Mandiri, with the
more than the customary in the trade of authorities; and other company in the financial sector, provision of collateral purchased is mandatory
the intended bills; 13. Carrying out other activities commonly such as leasing, venture capital, securities cashed as soon as possible.
c. State treasury papers and government performed by banks provided that such companies, insurance, and institutions
guarantee instruments; activities comply with laws and regulations. clearing settlement and institutions clearing All business activities under the Articles of
d. Bank Indonesia Certificates; settlement and authorized; Association have been carried out, both directly
e. Bond; 3. Temporary capital participation activities by the Company and through the Subsidiaries.
f. Term commercial papers in accordance to overcome the consequences of credit
with the laws and legislations; and failure or financing failure based on principle
g. Other securities in accordance with the
sharia, provided that they must be withdrawn
laws and legislations.
participation, by fulfilling the provisions
5. Money transfer for self- interest or customers’
interest; determined by the authorities;
6. Investing funds to, borrowing fund from, or 4. Acting as founder of a pension fund and
lending fund to other bank(s), both by means pension fund administrators according to
of letters, telecommunication facilities, or a provisions in legislation pension fund; and
sight draft, check, or other means;
PT BANK MANDIRI (PERSERO) TBK 106 107 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
Bank Mandiri’s business activities include various deposit
Tabunganku
products, loan products, and various services described as
INDIVIDUAL
TabunganKu is a savings product for Individuals, with simple and convenient requirements
follows:
and jointly organized by banks in Indonesia. It aims to foster saving culture and improve the
community welfare.
Tabungan TKI
SAVINGS Tabungan TKI is a savings in Rupiah currency for Indonesian Workers or Prospective Indonesian
Workers/Migrant Workers and their families, subject to the terms and conditions set by the
bank.
Mandiri Savings
Tabungan Branchless Banking
Mandiri Savings is a savings product in Rupiah for individuals
Individual savings account in Indonesian Rupiah that utilizes technology and information
that offered convenience and comfort in financial transactions
facilities provided by branchless banking agents (Mandiri Agents) in collaboration with
at Livin’ by Mandiri.
Bank Mandiri, enabling the entire community to access banking services easily (financial
inclusivity).
Foreign Currency Saving
Foreign Currency Saving is a savings product in foreign currency
Tabungan NOW
for individuals that provided benefits and convenience in
Tabungan NOW is a savings product in Rupiah currency for Individuals that offered
making transactions as well as investing to meet customer
convenience and comfort, from opening an account anywhere and anytime through Livin’
needs. Mandiri Foreign Currency Saving is available in 8
by Mandiri aplication or via join.bankmandiri.co.id to online and offline transactions using
(eight) types of foreign currencies, namely USD, JPY, EUR, SGD,
various features and channels from Bank Mandiri.
AUD, CHF, GBP, and HKD with various benefits in the form of
competitive currency exchange rates and easy transactions at
Tabungan Simpanan Pelajar (SimPel)
Livin’ by Mandiri.
Mandiri Tabungan Simpanan Pelajar (SimPel) is a type of Mandiri Savings product designed
for students in Early Childhood Education (PAUD/TK/RA), Elementary School (SD/MI), Juneor
Mandiri Tabungan Rencana (Saving Plan)
High School (SMP/MTs), Senior High School (SMA/MA), or equivalent, to teach children in
Mandiri Tabungan Rencana (Saving Plan) is a savings product
Indonesia the importance of saving from an early age.
for planning purposes equipped with free insurance coverage
to ensure savings plans.
Time Deposit in Rupiah
Time deposit products in Rupiah, which can only be withdrawn at a certain period of time
Multicurrency Savings
according to the agreement between the customer and the Bank. The opening and closing
Multicurrency Savings is a deposit in foreign currency for
of Mandiri Deposito Rupiah can be opened via all Bank Mandiri Branches and e-banking
individuals, consisting of 2 (two) types of accounts, namely Main
Livin’ by Mandiri. Mandiri Deposito Rupiah provides convenience and security in investing
Account and Sub Account, where charges are only applied
with competitive interest rates and various other facilities.
to the Main Account. Multicurrency Savings is available in 14
currencies, namely USD, SGD, JPY, EUR, CHF, GBP, AUD, HKD,
Time Deposit in Foreign Currency
THB, MYR, SAR, CNY, CAD, and NZD. Multicurrency Savings also
Time deposit product in foreign currency, where withdrawals can only be made within a
offers convenience and comfort for customers as it can be
specified period according to the agreement between the customer and the bank. The
opened online through Livin’ by Mandiri.
opening and closure of Mandiri Foreign Currency Deposit can be done at all Bank Mandiri
branches and via Livin’ by Mandiri (for USD only). Mandiri Foreign Currency Deposit provides
Tabungan Investor (Investment Saving)
convenience, security, and investment benefits with competitive interest rates and various
Mandiri Investor Savings is an account used by customers to hold
other advantages.
funds intended for use in the investment transaction process at
Securities Companies.
Giro Rupiah (Rupiah Current Account)
A deposit account in Rupiah that can be withdrawn at any time by using Checks, Bilyet Giro,
Tabungan Mitra Usaha (TabunganMU)
other payment order facilities or by transfer.
TabunganMu is a savings product in Rupiah currency for
Individuals with affordable pricing to cater transaction banking
Giro Valas (Foreign Currency Current Account)
needs.
A deposit account in foreign currency that can be withdrawn every time by using Letter of
Authorization (LOA).
PT BANK MANDIRI (PERSERO) TBK 108 109 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
LOANS CREDIT CARDS
• Mandiri Fengshui Credit Card
Mandiri Multipurpose Loans • Mandiri KPR Top Up Travel Credit card products with special designed of
Financing facilities provided to individual Feature of Mandiri KPR, which is the addition customers fengshui element, giving benefits
• Mandiri Kartu Kredit Signature
customers who have a fixed income or permanent of credit limit to existing Mandiri KPR with fixed Credit card products that offer a variety to support cardholder lifestyle, traveling, and
profession, retirees or to certain target markets loan tenure or additional loan tenure so that of competitive benefits for travel needs, transaction abroad especially in Singapore,
to finance various kinds of needs. This financing the additional limit can be used to meet other including airport lounge access and China, Hongkong, and Taiwan.
facility can be used for various needs such as: necessities. complimentary restaurants at airport, free
education, marriage, health, home renovation priority pass, and faster free flights with the • Mandiri Shopee Credit Card
and other family needs. best mileage redemption Credit card products suitable for online
• Mandiri KPR Multiguna
transactions offering facilities such as Koin Shopee
Consumer loans provided by the bank to
• Mandiri Traveloka Credit Card for every transaction.
Auto Loans individuals by using residence/shop house/
Mandiri KKB is an auto loan product by Bank Credit card products that provide more
office house/apartment used for consumer • Mandiri JCB Precious Credit Card
benefits for customers to purchase tickets,
Mandiri for individual customers to help them in needs. A credit card product that supported cardholders’
hotel, experience in Traveloka and get
the vehicle finance purchasing or refinancing for lifestyle, with the main benefit for traveling and
Traveloka Points for every transaction.
consumptive needs. • Mandiri KPR Multiguna Take Over transactions abroad especially in Jepang.
A feature of Mandiri KPR Multiguna is in
• Mandiri Regular Auto Loansr the form of the takeover of similar loans Automotive • Mandiri Mandiri Skyz Card
A credit facility for financing new or second withMandiri KPR Multiguna from other banks • Mandiri MyPertamina Credit Card Credit card product to meet various needs
vehicle purchase. The types of vehicles that or companies that have been running for a Credit card products to meet the daily needs
can be financed include passenger cars, of customers that provided more benefits in • Mandiri Gold Credit Card
certain period of time, with a maximum credit
commercial cars, and motorcycle. every transaction at all merchant especially A credit card product to support lifestyle and
limit according to the Bank’s calculation.
at merchant category Automotive. meet various other needs
• Mandiri Multipurpose Auto Loans • Mandiri KPR Multiguna Top Up • Mandiri Livin’ Everyday Credit Card
Refinancing your (or spouse) vehicle for A feature of Mandiri KPR Multipurpose is the Golf Virtual credit card (cardless) suitable for daily
consumptive purpose. The type of collateral addition of a credit limit to the Mandiri KPR needs transaction with benefit free for life
• Mandiri Golf Signature/Platinum/Gold Credit
accepted are passenger car and motorcycle. Multipurpose credit facility that has been Card
Mortgage Loans
running for a certain time (existing) which is
used for consumptive purposes.
Credit card products are specially presented
for the golf lovers with special promos at
Prioritas
Consumer loans provided by the Bank to various golf merchants. • Mandiri World Prioritas Credit Card
individuals to finance the purchase of residential Credit card products that were given specifically
houses/shop houses (ruko)/office houses (rukan)/ to Bank Mandiri priority banking customers, and
residential flats (apartments) in new or used
Lifestyle this card provided privilege in travel, shopping,
• Mandiri Lippo Malls Card and leisure experience services.
condition through developer or non-developer.
Credit card product that suits the lifestyle and
daily needs of customers, along with various • World Elite Mandiri Credit Card
• Mandiri KPR Take Over Credit card products that were given specifically
other benefits at Lippo Malls Indonesia
One of the features of Mandiri KPR is in the to Bank Mandiri private banking customers, and
form of credit takeovers that are similar to • Mandiri Platinum Credit Card this card provided the best service facilities and
Mandiri KPR products from other banks, with Credit card products suitable for customers’ rewards for customers.
a maximum credit limit equal to the last modern lifestyle, whether for dining, shopping
outstanding at the original bank or the new
credit limit according to bank calculations.
or other lifestyle needs.
Corporate
• Corporate Card Mandiri Credit Card
Credit card products issued to meet company
transaction needs, such as business trips,
operational spending, and made it easy for
companies to monitor budget usage.
PT BANK MANDIRI (PERSERO) TBK 110 111 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
• Mandiri Corporate Credit Card
Special Design
Credit card products issued to meet company
transaction needs, such as business trips,
operational spending, and made it easy for
companies to monitor budget usage.
Mandiri Kartu Mandiri HOG Indomobil Mandiri K-Series
• Mandiri SME Credit Card Kredit Tzu Chi Jakarta Chapter Card
A credit card product issued to meet the Park Seo Jun and
operational transaction and business travel
needs of a company, providing convenience
Kim You Jung
A specially designed credit
for the company to control every transaction
card issued by Bank Mandiri
A specially designed credit card issued by Bank
Mandiri and Harley Owners Group Indomobil
Card
made by employees.
and Tzu Chi Foundation, Jakarta Chapter, specifically for HOG
offered to customers who wish Indomobil Jakarta Chapter members.
• Mandiri Government Credit Card A credit card product
to donate through the Tzu Chi specifically issued for young
A credit card issued to meet the transaction
Foundation. customers who love K-Drama,
needs of work units within ministries and
in collaboration with famous
agencies, providing convenience in
Korean stars Park Seo Jun and
transaction control and security systems
Kim You Jung
• Mandiri Domestic Government Credit Card /
Kartu Kredit Indonesia
The Indonesian Government Segment
Credit Card issued for central and regional
government work units, functioning as a
payment tool to meet the operational
spending and business travel needs of work
units based on applicable ministry regulations
through the National Payment Gateway
(GPN).
Mandiri Platinum Park Seo Jun and
Kim You Jung Card
A credit card product specifically issued for young customers who love K-Drama, in
collaboration with famous Korean stars Park Seo Jun and Kim You Jung
PT BANK MANDIRI (PERSERO) TBK 112 113 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
INVESTMENT AND ASSURANCE
Asuransi – AXA Mandiri
In general, AXA Mandiri is currently offered
Mutual Funds Retail Government Securities (SBN) several business solutions categories for
• Money Market Mutual Funds • Retail Government Bonds (ORI) the customers of Group Bank Mandiri
Investment products that only invest in Government Securities (SBN) instruments among others Bank Syariah Indonesia,
domestic money market instruments and/ offered to individuals or persons of Indonesian Mandiri Tunas Finance etc, which are:
or debt securities with a maturity of less than citizens through Distribution Partners in the
one year Primary Market. • Providing unit link insurance products
on life insurance protection and
• Fixed Income Mutual Funds • Retail Government Sukuk investment;
Investment products with a minimum Government Sharia Securities (SBSN) • Providing traditional insurance
placement of 80% in debt securities. instruments issued by the Government of the products that provide protection
Republic of Indonesia through SBSN Issuing and/or cash values benefits for life or
• Balanced Mutual Funds Companies, based on Sharia principles health coverage;
Investment products with a maximum fund offered to individuals or persons of Indonesian • Providing insurance protection for
placement of 79% in stocks and/or bonds citizens in the Primary Market. credit card holders, savings customers,
and/or money markets. consumer loan customers as well
• Savings Sukuk as micro credit customers of Bank
• Equity Mutual Funds Government Sharia Securities which are Mandiri and Bank Mandiri subsidiaries;
Investment products with a minimum investment savings of individuals of Indonesian • Providing corporate Solution
placement of 80% in equity securities. citizens offered in Rupiah currency, issued insurance products for the company
without bond, and cannot be traded and employees; and
transferred. • Providing comprehensive protection
• Protected Mutual Funds
solutions for the customers of Bank
Investment products that provide protection
• Sukuk Bond Retail Mandiri Group offering protection,
for the initial investment (principal) at
Government Bonds sold to individuals or health, education, critical illness and
maturity through the portfolio management
persons of Indonesian citizens through old age funds facilities.
mechanism.
Distribution Partners in the Domestic Primary
Market that cannot be traded in the
• Index Mutual Funds
Secondary Market.
Investment products that are managed
to get investment results similar to an index
used as a reference.
• Mutual Funds Limited Participation
Investment Products that collect funds
from professional financiers which are then
invested by the Investment Manager in a
portfolio of securities based on real sector
activities.
PT BANK MANDIRI (PERSERO) TBK 114 115 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
DIGITAL BANKING
Livin’ by Mandiri Mandiri e-Money networks, facilitating transactions with cards
Livin’ by Mandiri is a financial super app that Mandiri e-Money is a chip-based Electronic Money from other banks. Furthermore, Bank Mandiri
provides comprehensive banking services solution issued by Bank Mandiri, designed as a has upgraded its ATMs to accommodate cash
accessible through a smartphone. Livin’ by secure alternative to cash for various payment deposit and withdrawal transactions.
Mandiri offers cutting-edge solutions tailored transactions. It serves as a convenient payment
to both the financial and non-financial needs method for services such as toll roads, parking Mandiri Customer Service Machine
of customers. Various conveniences are facilities, TransJakarta, trains, grocery stores, and (CSM)
integrated into Livin’ by Mandiri, including various other merchants. The Mandiri Customer Service Machine (CSM)
account opening in more than 120 countries, represents Bank Mandiri’s cutting-edge digital
cardless deposit and withdrawal, e-wallet Mandiri Paylater banking service, featuring advanced biometric
linkage, smart payment options, instant Mandiri Paylater, offered by Bank Mandiri, is a verification technology. It offers convenient card
transfer through BI FAST, instant access, convenient loan facility designed to facilitate replacement services, allowing customers to
QR code payments and receipts, tap-to- payments for QR transactions at all merchants. change card types, replace damaged cards,
pay functionality, paylater services, foreign With the concept of “buy now and pay or address lost cards. Additionally, customers
exchange transfers, investment product later,” customers have the flexibility to settle can efficiently open new accounts through
purchases, Livin’ Sukha, and various other their payments within 1, 3, 6, 9, or 12 months. these machines. The CSM enables self-service
attractive features that undoubtedly simplify The application for Mandiri Paylater can be transactions with simplified steps, eliminating the
the customer experience. conveniently completed online through the Livin’ necessity for form filling. It operates 24/7, ensuring
by Mandiri platform. fast and efficient service without the need to wait
Livin’ Merchant at the branch.
Livin’ Merchant is an application that offers Mandiri Direct Debit
comprehensive Point of Sale (POS) services. Mandiri Direct Debit is a service that streamlines
Our platform facilitates sales recording, the acceptance of Mandiri Credit Card Mandiri EDC
efficient product stock management, transactions, whether at merchants e-commerce Electronic Data Capture (EDC) machine
acceptance of various payment methods, in collaboration with Bank Mandiri. This service provisioning service available at shops/merchants
the seamless disbursement of sales proceeds, enhances transactional convenience by that cooperate with Bank Mandiri. Mandiri EDC
spesific sector solution, merchant ordering, processing payments within an integrated can facilitate the acceptance for the transactions
and distributor financing. transaction flow. of purchasing, payments, cash withdrawals
and top-up of e-money using Mandiri Cards or
Livin’ Sukha Mandiri Chat Banking other Banks electronically through the Domestic
Livin’ SUKHA stands out as a key feature Mandiri Chat Banking is a communication Network, International Payment Network, and the
within Livin’ by Mandiri, designed to cater service connecting Bank Mandiri with customers Bank Mandiri Network.
to customers’ diverse lifestyle needs. It through our official WhatsApp business account
enables seamless purchases of airplane at +6281184140000. This service facilitates the
and train tickets, access to medicines and exchange of information, notifications, and
medical equipment, acquisition of game interactions between Bank Mandiri and its
vouchers, subscriptions to streaming services, customers. Additionally, customers can inquire Mandiri ATM Setor Tarik
acquisition of concert and entertainment about Bank Mandiri’s products and services by One of ATM machine types for transactions
tickets, shopping for daily necessities and using the same WhatsApp number. such as cash deposits, cash withdrawals,
electronics, ordering food and beverages, inter banks transfer transactions, and
and scheduling health check appointments. Mandiri ATM payment/purchasing transactions for
Additionally, SUKHA offers a rich blend of Banking transactions via ATMs provide customers all Customers of Bank Mandiri that
entertainment and educational content, with convenient access to their accounts, allowing owned savings accounts. Other banking
featuring articles, live streaming, and reels. for various actions such as cash transactions, transaction services in the Mandiri ATM
It serves as a one-stop solution fulfilling both balance inquiries, transfers, and payments using also can be accessed in the Mandiri ATM
entertainment and shopping needs, ensuring Mandiri Cards. Mandiri ATMs are integrated deposits-withdrawal machines.
an all-encompassing lifestyle experience. with both domestic and international payment
PT BANK MANDIRI (PERSERO) TBK 116 117 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
BUSINESS
KOPRA by Mandiri is a wholesale KOPRA consists of 3 variants, system and the Bank’s
Mandiri E-Commerce Mandiri Customer Service Machine (CS digital super platform that including: system.
Receiving services for Mandiri Card transactions Machine) provides digital single access 1. KOPRA Portal: A front-end 3. KOPRA Partnership:
and other banks at online stores / merchants Bank Mandiri’s newest digital banking service services and acts as center web-based digital access A solution to provide
that cooperated with Bank Mandiri. Mandiri complemented with biometric verification of information, activities, and that acts as a a single sign transactional services
e-commerce provided transaction convenience technology for cards replacement service financial transactions for on portal. for customer’s business
because payments were made in an integrated (replacement of card types, replacement of business community and its 2. KOPRA Host to Host: A ecosystem with specific
transaction flow without the need to access other damaged cards, and replacement of lost cards), entire ecosystem. variant of a digital service added value, one of them
banking channels. Customers could use Mandiri including new account opening service. The based on integration is through partnerships.
Cards or other banks through the International customer can perform self-service transaction between customer’s
Payment Network. in the CS Machine with practical transactions
(without completing the forms), fast, 24 hours
Mandiri QRIS service, and without the need to queue at
The QR Code transaction acceptance services branches.
at Bank Mandiri merchants with server-based
Mandiri Application Programming
CASH MANAGEMENT
electronic money and other sources. QR is
standardized by Bank Indonesia thereby it Interface
enables an interoperability transaction with Mandiri Application Programming Interface
Livin’ by Mandiri or other apps of the Bank and/ (API) provided easy access to banking products
or Non-Banks (fintech) registered and approved and services for players of the digital ecosystem • Kopra Cash Management • Mandiri Bill Collection • Mandiri Electronic Banking
by Bank Indonesia. Mandiri QRIS provides cashless integrated into the Partner application to take Internet-based electronic Provides easy identification Statement (MEBS)
transactions convenience at merchants. advantage of banking services conveniently and banking services provided and reconciliation of biller Solutions for providing
safely. by the Bank to corporate receipts for bills using a financial information in the
clients to carry out financial unique number as the form of electronic current
activities include access destination of payment by accounts.
to information, domestic the payer..
and international transfers, • Online Notification
bill payments, payroll, tax • Mandiri Auto Debit Notification service of
payments, purchase of Automatically debiting transaction activity/
Pertamina’s products and funds from the Customer’s movement of funds in the
liquidity management Account to the Company’s account to customers in
(cash concentration). Account based on the real time or periodically on
agreement between a host-to-host basi
• Kopra Host to Host Payment the Customer and the
Sending transaction Company. • Kopra Layanan Antar
instructions from the Jemput Uang (LAJU)
Customer’s system/ERP • Mandiri Smart Account Digital services for
directly to the Bank Mandiri Transactional virtual delivering, picking-up and
payment system through account service processing customer cash
customer and Bank system that functions as an to/from banks are carried
integration concept. identification and limitation out digitally.
of funds in (credit) and out
(debit) of an account or
subsidiary account in lieu
of current accounts.
PT BANK MANDIRI (PERSERO) TBK 118 119 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
VALUE CHAIN TRADE FINANCE
Kopra Value Chain Kopra Trade
Kopra Value Chain is a web-based channel provided by Bank to Kopra Trade is a web-based online application that Customers who have trade or BG facilities can
cater customer needs for supply chain transactions from Invoice can be used by customers to submit trade and BG monitor total facilities, usage, and availability
Submission/Creation, Invoice Acceptance, Invoice Payment transactions, such as: issuing Letters of Credit (LC), of the facilities in Kopra Trade. Customers will
Instruction, as well as financing request. Benefits of Kopra Value Local Letters of Credit (SKBDN), Standby Letters also receive reminders regarding transactions
Chain for customers: of Credit (SBLC), Shipping Guarantees, and BG, maturity date and track transactions status. Kopra
• Security Guarantee, with a certified system and implementation including financing for trade transactions. Trade also provides document upload and save
of authorization matrix approval for every transaction template features for ease and convenience of
conducted through Kopra Value Chain. transactions.
• Real-time transaction and limit monitoring, ease access of
transaction history, push notification, and report.
• Efficient and convenient service for invoice processing,
payment initiation, and financing application accessible
anywhere and anytime.
Kopra Value Chain provides two types of supply chain financing,
namely:
• Account Payable Financing berupa Mandiri Distributor Fiancing,
a credit facility provided by Bank Mandiri to Distributors from
Principals who have signed a Cooperation Agreement with Host to Host
the Bank for financing or deferral of payment of bills arising
in connection with the purchase/distribution of products or (H2H) Trade
services from the Principal.
• Account Receivable Financing berupa Mandiri Supplier dan Bank
Financing, a credit facility provided by Bank Mandiri to Suppliers
who are business partners of Principal Customers at the Bank, Garansi
in the form of takeover and financing of invoices with the aim
of enabling Suppliers to receive accelerated payments before Bank Mandiri also offers H2H Trade
the invoice is due. and Bank Guarantee, which
integrates customer’s system with
Bank Mandiri system to facilitate
export, import, and Bank Guarantee
transactions seamlessly.
PT BANK MANDIRI (PERSERO) TBK 120 121 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
Imports 2. Banker’s Acceptance documents, based on the
Export irrevocable) or its amendment (if any) at the In addition to requiring the (Avalist) Inward Guarantee issued by Bank
The company’s liquidity is restrained due to request of the customer in export or domestic allocation of working capital, Documentary Collection Mandiri. This can reduce
export bills that have not been paid by importers trade, the content of which guarantees import activities also require The provision of the risk of damage to goods
or require additional liquidity because receiving payment to the beneficiary on the basis of negotiations with exporters to acceptance/agreement and high demurrage costs.
soaring export orders is a variety of exporter issues submission of documents in accordance agree on payment terms and of the Bank to pay term
that Bank Mandiri seeks to provide solutions for. with the terms and conditions of the LC or payment methods that are documents at maturity Bank Mandiri’s import financing
Bank Mandiri provides integrated and complete its changes. For the LC, Bank Mandiri has appropriate for both parties. for inward documentary includes:
export services at every stage of the transaction, an LC notification service issued, forwarding collection with the type 1. Trust Receipt
from the process of realizing export orders, LC, or amendment of LC-to-LC recipients Bank Mandiri provides an Import of document submission, Post-import/delivery trade
preparation of export documents, presentation of (exporters/sellers). solution, where customers can namely document against financing of goods, which
documents to accelerating the receipt of export purchase goods more securely, acceptance (D/A). helps the Customer as a
results. 3. Letter of Credit Confirmation because payment will be buyer, to pay the Customer’s
Bank Mandiri guarantees as the first payer of made after the goods arrive at 3. Penerbitan Import Letter of obligations for the payment
Bank Mandiri Trade Specialists spread throughout LC issued by other banks in accordance with the port, or if the documents Credit of Letter of Credit (LC) and
Indonesia can assist customers in carrying out the conditions that the LC documents are are in accordance with the A written agreement issued documentary collection.
international trade transactions using various presented to the Bank and the documents requirements. In addition to by Bank Mandiri and is
payment methods, such as Letter of Credit (LC), are in compliance condition. facilitating the issuance of Letters irrevocable to suppliers 2. Deferred Payment
Documentary Collection, and Open Account. of Credit (LC), Bank Mandiri also abroad if the Supplier can Post-import financing
Bank Mandiri’s Export Financing includes: provides bridging payments present documents in product to cover the
Moreover, Bank Mandiri can also provide financing 1. Pre-Export Financing for the purchase of imported accordance with the Letter payment of the Customer’s
for Customer export transactions starting from the Trade financing provided by the Bank to goods and domestic trade. of Credit issued. obligations for the
stage prior to the delivery of export goods (pre- exporters in preparation for pre-shipment Bank Mandiri’s import solution Customer’s open account
shipment financing) to the stage after the delivery financing, either on an LC or Non-LC basis. allows customers to be able 4. Shipping Guarantee or Letter of Credit (LC) issued
of goods (post-shipment financing) by offering to negotiate payment terms Acceleration of the issuance by the Bank that is due.
Pre-Export Financing and Export Money Order 2. Pengambilalihan Wesel Ekspor (Bill Purchase) flexibly and maintain customer of goods at the port without
Takeover (PWE) solutions, both on the basis of LC A short-term trade financing to accelerating credibility with suppliers. the presentation of shipping
and Non-LC (bill purchase). the receipt of receivables for exporters in
providing down payments with the right to
Bank Mandiri’s Export Services, including: collect (with recourse) on export money Bank Mandiri’s Import Services
1. Outward Documentary Collection orders, both LC and non-LC transactions. include: Domestic Trade
Outward documentary collection is a 1. Inward Documentary The vastness of Indonesia opens up great opportunities for trade
document collection service without a 3. Forfaiting Collection between islands, between provinces, between cities in Indonesia.
customer’s Letter of Credit to importers in A transaction of buying and selling bill rights Collecting documents Transactions can be made using SKBDN (Domestic Documented
export or domestic trade to obtain payment/ between Bank Mandiri and Customers/ related to the delivery of Letter of Credit), or by Open Account. Similar to export and import
acceptance. Correspondent Banks based on futures goods to the Customer, as transactions, Bank Mandiri also has solutions specifically for domestic
trading documents at discounted prices an importer, in import or trade transactions.
2. Letter of Credit without the right of regress. domestic trade according
Letter of Credit (LC) is the service of issuing an to the instructions of the a. SKBDN as a solution for Bank Mandiri’s Local Trade services
LC (a written agreement of the Bank that is sending bank for payment SKBDN is a written agreement of the Bank that is irrevocable or
and/or acceptance. amended (if any) at the request of the Customer in domestic
trade, where the content guarantees payment to the beneficiary
on the basis of submitting documents in accordance with the
terms and conditions of the SKBDN and its changes. The services
provided start from the issuance of SKBDN to the forwarding of
SKBDN.
PT BANK MANDIRI (PERSERO) TBK 122 123 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
b. Solusi trade financing perdagangan lokal
1. Account Receivable Financing Bank Guarantee TREASURY
a) Receivables Financing Bank Mandiri Bank Guarantee provides
Trade financing by Bank Mandiri convenience transactions to customers. This
to Customers who act as sellers service is the issuance of a guarantee issued
in preparation for the delivery of by Bank Mandiri to guarantee the guarantee
goods (purchase of raw materials, recipient if the guaranteed party does not fulfill
expenditure of production costs the obligations to the guarantee recipient in
or preparation of delivery of other accordance with the agreement/contract.
goods, and/or procurement of
goods for resale) and acceleration The advantages of issuing a Bank Guarantee
of bill payments from buyers for include:
the sale of goods/services for 1. Issuance and confirmation online using
local trade transactions. Consists Kopra Trade
of Purchase Order Financing and 2. Bank Guarantee issuing branches are
Invoice Financing. located throughout Indonesia
3. Bonds can be picked up at different
b) Takeover of Export Money Orders branches with the issuing branch of the
Trade financing to accelerating the Bank Guarantee
receipt of receivables for sellers on 4. Same day service standards
export money orders, both SKBDN 5. Variety selection of covers
and non-SKBDN transactions. 6. Bank Guarantee confirmation by QR
Code scanning through kopra mobile
c) Forfaiting SKBDN app, contacting mandiri call 14000 and
A transaction of buying and selling inquiring through Kopra by Mandiri
bill rights between Bank Mandiri and
Customers/ Correspondent Banks Not only does it offer various advantages, Cash Transaction/ a settlement date two • Local Currency Settlement
based on futures trading documents with the spirit of building the country and Liquidity business days after the (LCS)
at discounted prices without the accelerating budget absorption, Bank Mandiri • FX Today transaction. A Foreign Currency
right of regress. has a variety of programs that offer affordable A transaction to exchange transaction with settlement
collateral deposits. Moreover, Bank Mandiri one currency for another • Banknote in Foreign conducted bilaterally
2. Account Payable Financing is able to collaborate with the guarantee at an agreed rate, with Currency between each participant
a) Trust Receipt recipient to accelerate BG confirmation a settlement date on The Foreign Exchange in Indonesia and partner
Post-import trade financing/delivery process through an interconnected guarantee the same day as the Transaction in the form country, using the
of goods that helps the Customer as issuance system. transaction date. of banknotes that are respective local currency
a buyer, to cover the payment of officially issued by the of both countries.
the Customer’s obligations for the • FX Tom authorized entities of each
payment of Letter of Credit (LC) and A transaction to exchange respective country and • Mandiri e-FX Mobile
documentary collection. one currency for another recognized as legal tender A Platform for conducting
at an agreed rate, with in the respective country. foreign exchange
b) Deferred Payment a settlement date on the transactions with special
Post-delivery financing products to following business day after • Mandiri Repo rates, available through a
cover the payment of Customer’s the transaction date. Transaction to sell or buy smartphone application
obligations for the customer’s open securities/bonds, with a for customers.
account or SKBDN issued by other • FX Spot promise to repurchase or
banks. A transaction to exchange resell it at a predetermined
one currency for another time and price.
at an agreed rate, with
PT BANK MANDIRI (PERSERO) TBK 124 125 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
• Foreign Exchange at Livin’ • FX Option settlement more than two Investment Product • Mandiri Deposit Swap (MDS)
The foreign exchange Foreign Exchange business days after the • Government Bond (SBN) An investment product in the original currency
transaction feature on Transaction is conducted transaction. The settlement Securities issued by the government in the linked to a foreign exchange transaction
Livin’ by Mandiri is available between two parties to buy of DNDF transactions uses a form of debt instrument, with interest and and the placement of funds in the alternate
24 hours a day, 7 days a or sell the right to purchase fixing mechanism or without principal payment guaranteed by the currency at the near leg. The funds are then
week. (call) or sell (put) one principal payment, by Republic of Indonesia for the duration of the converted back into the original currency
currency against another calculating the difference validity period. at the far leg with the aim of enhancing the
• Mandiri Kopra Foreign for a specific period, at between the DNDF returns of the Fund Product. The tenor, initial
Exchange a predetermined strike transaction rate and the • Sharia Government Bonds (SBSN) conversion exchange rate, final conversion
The foreign exchange price and premium on the reference rate, on a specified Sharia based Securities issued by the exchange rate, and the return from the
transaction feature on transaction date. date as agreed upon at the government in the form of debt instrument, Mandiri Deposit Swap transaction are agreed
Kopra by Mandiri offer time of transaction date. with interest and principal payment upon at the start of the transaction, based on
real-time competitive • Interest Rate Swap (IRS) guaranteed by the Republic of Indonesia for the type of original and alternate currencies.
exchange rates. Transaction conducted the duration of the validity period.
between two parties • Mandiri Dual Currency Investment (MDCI)
Hedging Products to exchange interest • Retail Government Bonds An investment that combines Fund Product
• FX Forward payment from floating rate Government Bond (SBN) that issued by transaction (Current Account/Savings/
A transaction to exchange to fixed rate or vice versa Government, intended for retail investor, and Deposit) with the sale of Options by the
one currency for another without principal payment offered in smaller denominations. The maturity Customer in a specific currency.
at an agreed rate, with a and in the same currency. period for retail government securities is limited
settlement date more than to a maximum of six (6) years. The principal • Mandiri Market Linked Deposit (MMLD)
two business days after the • Cross Currency Swap and coupon payments are guaranteed by An investment product which combines a
transaction date. (CCS) the government. Time deposit and digital option products with
Transaction conducted the aim for yield enhancement. Customers
• Par Forward between two parties to • Corporate Bonds will receive a return based on the number
A Series es of FX forward exchange principal and Securities/Bonds issued by companies, of business days the reference exchange
transactions that have interest payment in two including banks, both government-owned rate movement remains within the agreed
different maturities dates, different currencies over and private entities in Indonesia, listed on range. MMLD offers potentially higher returns
using a single rate as an agreed period. exchanges in Indonesia or abroad. compared to conventional savings products
agreed upon at the time of and has the characteristic of placement
transaction date. • Mandiri Call Spread principal is protected.
Variation of option
• FX Swap transactions that combines
A foreign exchange two transactions: buying
transaction for buying a call option and selling
or selling on a specific a call option, with two
date, with a promise different strike prices.
to repurchase or resell
at a future date, with • Domestic Non-Deliverable
an exchange rate Forward (DNDF)
predetermined at the time A transaction to exchange
of the transaction. one currency for another
at an agreed rate, with
PT BANK MANDIRI (PERSERO) TBK 126 127 ANNUAL REPORT 2024
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COMPANY PROFILE
PRODUCTS AND SERVICES PRODUCTS AND SERVICES
FINANCIAL INSTITUTION
Custodial Services • Sub Registry Surat Utang Negara (SUN) and • Paying Agent Agent as an independent party under the
1. Types of Custodial Services Sertifikat Bank Indonesia (SBI) • Services provided by the Bank to: Trustee/Security Agreement Agent that has
Settlement of Securities Transactions Receiving This product is a custodial service for Legal Institution and Government been signed by the parties.
and or delivering securities transacted by depository and settlement of SUN and SBI Institution that will issue Bonds/MTNs with
a customer to a party appointed by the transactions. a draft in which coupon payment and • Escrow Agent
customer. Bonds/MTNs with a draft in which coupon Services provided by Bank Mandiri to
• Custody Euroclear payment and Bonds/MTN Notes are parties who conduct bilateral/multilateral
2. Storage and Administration The bank, as a direct member, provided made without going through KSEI. transactions where parties need an
• Keeping physical securities in kluis/vault or custodial services for securities listed on independent party to save and administer
scripless securities in securities accounts Euroclear Brussels. • Company that makes payment for funds the transaction is in accordance with
at KSEI/BI/Euroclear. dividends to their shareholders that do not the provisions agreed by the parties.
• Administering securities according to the • Custody for american Depository Receipts have Securities Account in a Custodian
owner of each customer. (ADR)/ Global Depository Receipts (GDR) or Securities Company. • Receiving Bank
Program Services provided by Bank Mandiri to Legal
3. Management of Right (Corporate Action) The Bank acts as a local custodian for share • Security Agent Entity Institutions that will exercise Initial Public
Managing investor rights with respect to transactions that do dual/multi listings. Services provided by Bank Mandiri to Offering (IPO) of shares.
Securities held at the Custodian, such as customers who will conduct bilateral
interest and principal on bonds, dividends • Custody Mutual Fund/discretionary Fund transactions/multilateral where in the
and distribution of bonus shares Investment administration services from transaction there are collateral items that
mutual funds (including KIK-EBA, EBA-SP and must be stored and managed by the Security
4. Trusteeship Services (Proxy) ETF) and/or discretionary funds issued by the
Acting on behalf of/representing investors Investment Manager.
(shareholders/bonds) to attend the GMS
(General Meeting of Shareholders) and RUPO • Securities Lending & Borrowing
(General Meeting of Bondholders). Facilitating borrowing of securities owned
by clients to Exchange Members through an
5. Reporting and Information intermediary, PT KPEI.
• Send reports to customer:
- Securities kept at the custodian. Trust Services
-
Transactions conducted by customers • Trustee
and already settled by the custodian. Services provided by Bank Mandiri to Legal
• Send information related to securities and Institutional Institutions The government
stored by customers. will issue Bonds/Sukuk or other Debt Notes.
Bank Mandiri Custodian Business Line • Monitoring agents
• General Custody Services provided by the Bank to Legal Entities
This product is a custodial service for securities and Government Agencies that issued debt
listed in BEI, shares investment, securities, etc. securities or Sukuk without going through a
public offer.
PT BANK MANDIRI (PERSERO) TBK 128 129 ANNUAL REPORT 2024
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COMPANY PROFILE
OPERATIONAL AREAS OPERATIONAL AREAS
Overseas Branch Offices
REGION I/SUMATERA 1 REGION IX/KALIMANTAN Bank Mandiri Cabang Singapura
Jl. Pulau Pinang No. 1 Jl. Lambung Mangkurat No. 3 12 Marina View,
Medan, 20111 Banjarmasin, 70111 #19-01 Asia Square Tower 2,
Telp: (061) 43000200 Telp: (0511) 3365767 Singapore 018961
Telp : 65-6213-5688/65-6213-5680
Fax: (061) 4153273
Fax : 65-6844-9833/65-6844-9808
REGION III/JAKARTA 1 Website : www.ptbankmandiri.com.sg
Jl. Daan Mogot SWIFT Code : BMRISGSG
Jakarta Barat, 11460
Bank Mandiri Cabang Hong Kong
Telp: (021) 307237778-8
REGION XII/PAPUA 7th Floor
Fax: - Far East Finance Centre 16 Harcourt Road,
Jl. Dr. Sutomo No. 1
Jayapura, 99111 Hong Kong
REGION IV/JAKARTA 2 Telp : +852-2881-3632
Telp: (0967) 537081.
Jl. Kebon Sirih No. 83 Fax : 852-2529-8131/852-2811-0735
537183-4. 537189 Website : www.bankmandirihk.com
Jakarta Pusat, 10340
Fax: (0967) 537181 SWIFT Code : BMRIHKHH
Telp: (021) 39833036
Fax: - Remittance Office Hongkong
Shop 3. G/F. Keswick Court
REGION V/JAKARTA 3 3 Keswick Street Causeway Bay Hongkong
Jl. Jend. Sudirman Telp : +852-2881-6650
Kav. 54-55 Fax : +852-2881-5386
Jakarta Selatan, 12190
Telp: (021) 5267337 Bank Mandiri Cabang Cayman Islands
Cardinal Plaza 3rd Floor, #30 Cardinal
Fax: (021) 5267371.5267365 Avenue. PO BOX 10198, Grand Cayman
REGION VIII/JAWA 3
KY 1 – 1002 Cayman Islands
Jl. Basuki Rahmat No. 2-4 Telp : +1-345-945-8891
Surabaya, 60271 Fax : +1-345-945-8892
Telp: (031) 99205001 SWIFT Code : BMRIKYKY
Fax: -
Bank Mandiri Cabang Dili - Timor Leste
25 Rua de Abril No.10 Colmera
REGION II/SUMATERA 2 Dili-Timor Leste
Jl. Kapten A. Rivai No. 1008 Telp : +670-331-7777/+6221-526-
Palembang, 30137 3769/+6221-527-1222
Telp: (0711) 5229300 Fax : +670-331-7190/+670-331-7444/+6221-
Fax: - 252-1652/ +6221-526-3572
REGION X/SULAWESI AND
Bank Mandiri Cabang Dili - Timor Plaza -
REGION VI/JAWA 1 REGION VII/JAWA 2 MALUKU
Timor Leste
Jl. Soekarno Hatta No. 486 Jl. Pemuda No. 73 Jl. R.A. Kartini No. 12-14 Timor Plaza – Unit #/Unidade No. #203;
Bandung, 40266 Semarang, 50139 REGION XI/BALI AND Makassar, 90111 233; 204; 230; 231; 232
Telp: (022) 7506242. 7511878 Telp: (024) 3520484, NUSA TENGGARA Telp: (0411) 3629096. Jl. Nicolau Lobato.
Fax: (022) 7505810. 3520486 Jl. Surapati No. 15-17 3629097. 3634811 Comoro Dili - Timor Leste
Fax: (024) 3520485 Denpasar, 80238 Fax: (0411) 3629095. Telp: +670-7307-7777
Telp: (0361) 236118 3650367
Fax: (0361) 224077. Bank Mandiri Cabang Shanghai
261453. 235924 Room 4101, Shanghai Tower No. 501, Yin
Cheng Zhong Road. Pudong New District,
Shanghai 200120,
People’s Republic of China
Office Network per Region in 2024 Office Networks for the past 5 (five) years Telp : +86-21-2033-2625/+86-21-2028-
2806/+86-21-5037-2509
Other Networks Office Types 2024 2023 2022 2021 2020 Fax : +86-21-5037-2707/ +86-21-5037-2547
Region Branch Offices Sub Branch Office SWIFT Code: BMRICNSH
ATM and CRM Head Office 1 1 1 1 1
Region I/Sumatera 1 15 189 1,091 Branch Office 139 139 138 137 140 Overseas Subsidiaries
Region II/Sumatera 2 14 203 845 Overseas Branch 7 7 7 7 7 Bank Mandiri (Europe) Limited. London
Region III/Kalimantan 1 12 211 1,701 Office 4 Thomas More Square
London E1W 1YW, United Kingdom
Region IV/Kalimantan 2 11 193 1,545 Sub-Branch Office 2,053 2,104 2,225 2,465 2,280 Telp : +44-207-553-8688
Region V/Kalimantan 3 8 166 1,468 Cash Office - - - - 90 Fax : +44-207-553-8699
Region VI/Jawa 1 9 190 1,191 Other Type of Office: Website : www.bkmandiri.co.uk
SWIFT Code : BMRIGB2L
Region VII/Jawa 2 11 226 1,202 Payment Point 25 36 42 - 113
Region VIII/Jawa 3 13 252 1,610 Kas Mobile 77 77 77 - 58 Mandiri International Remittance Sdn. Bhd
Wisma MEPRO
Region IX/Kalimantan 12 120 751 Kas Mobile Mikro 21 21 22 - 27 Ground & Mezzanine Floor 29 & 31 Jalan
Region X/Sulawesi and Maluku 19 164 682 ATM/CRM 12,892 12,906 13,027 13,087 13,217 Ipoh 51200 Kuala Lumpur
Region XI/Bali and Nusa Tenggara 5 104 524 *) In 2021, as per POJK No. 12/POJK.03/2021 dated 30 July 2022 on Commercial Banks, stated Telp : +603-4045 498
that Cash Offices, Payment Points, Car Cash, and Micro Car Cash networks were classified as Call Center : +6019-261-9200
Region XII/Papua 10 35 256 Sub-Branch Offices. However, in 2022, in compliance with OJK letter No. S-30/PB.11/2022 dated Website : www.mandiriremittance.com
6 March 2022 concerning APOLO Reporting - Office Network in accordance with POJK No. 12/
Foreign Office 7 1 26 POJK.03/2021 on Commercial Banks, Payment Points, Car Cash, and Micro Car Cash networks
TOTAL 146 2,054 12,892 are no longer categorized as Sub-Branch Offices, but instead are only recorded as internal
bank data.
PT BANK MANDIRI (PERSERO) TBK 130 131 ANNUAL REPORT 2024
Page 67
COMPANY PROFILE
ORGANIZATIONAL STRUCTURE ORGANIZATIONAL STRUCTURE
Board of Commissioners Board of Directors
Risk Management Credit Policy Credit Committee/ Information Social & Environmental Assets & Liabilities
Audit Committee Risk Monitoring Committee Technology & Digital Responsibility Management
Committee Committee Komite Kredit
Banking Committee Committee Committee
Remunaration and Nomination Integrated Governance
Committee Committee Capital & Subsidiaries Human Capital Policy Integrated Risk Policy & Procedure Transformation
Business Committee
Committee Committee Committee Committee Committee
President Director
Vice President Director
Treasury &
Corporate Commercial Hubungan Manajemen Information Compliance & Finance & Network &
International Operation
Banking Banking Kelembagaan Risiko Technology Human Capital Strategy Retail Banking
Banking
Special Int’l Banking Micro &
Corporate Commercial Wholesale Information Digital Corporate
Asset & Financial Consumer Internal Audit
Banking Banking Risk Technology Banking Relations
Management Institutions Finance
Environmental, Overseas Wholesale IT Digital Strategy & Micro Wholesale &
Corporate Corporate Commercial Commercial Gov & Corporate IT Compliance & SME Regional CEO Corporate
Social & SAM I Treasury Banking Market Risk Credit Strategy & Wholesale Performance Development & Corporate
Banking 1 Banking 4 Banking 1 Banking 5 Institutional 1 Risk 1 Infrastructure AML - CFT Banking 1 - 12 Secretary
Governance Network Operations Architecture Banking Management Agent Banking Center Audit
Transaction Financial IT Digital HC Strategy
Digital Corporate Corporate Commercial Commercial Gov & Operational Corporate Retail Credit CISO Wealth Micro
SAM II Banking Institutions Applications Retail & Talent Accounting Retail Audit Enterprise Legal
Marketing Banking 2 Banking 5 Banking 2 Banking 6 Institutional 2 Risk Risk 2 Operations Office Management Personal Loan
Wholesale Business Support Banking Management
IT Digital
Corporate Corporate Commercial Government Strategic Credit Commercial Retail Credit Head of Enterprise Human Capital Investor Distribution Credit
SAM III EBO & ERO Channel IT Audit
Banking 3 Banking 6 Banking 3 Solution Procurement Portfolio Risk Risk 1 Center Engineering Data Analytics Services Relations Strategy Cards
Delivery
SORH Strategic
Transaction
Corporate Commercial Corporate Office of Chief Policy & Commercial Cash & Trade Information IT Application Mandiri Investment Consumer Senior
Legal EBO & ERO Banking Retail
Solution Banking 4 Real Estate Economist Procedure Risk 2 Operations Technology Delivery University & Subsidiaries Loans Investigator
Sales
Management
HC
EBO & SORH Government Consumer Electronic Retail Deposit
Commercial ECO Engagement Business
Executive Legal Wholesale Project & Credit Risk & Channel Product &
Solution & Outsource Transformation
Litigation Banking ERO Analytics Operations Solution
Management
SME & Customer HC Performance Corporate SORH
Micro Risk Care & Remuneration Transformation Distribution &
Consumer
Retail Business
Collection & Continuity Sr HCBP & Head SORH
Recovery Management of Improvement Corporate
Project Center
Data
Protection SORH
& Fraud Risk Operation
Bank Mandiri
Mandiri Sekuritas Bank Mantap Cayman Island, MCI
Hong Kong,
BSI MTF Singapore & Shanghai AMFS
Bank Mandiri
MUF Dili-Timor Leste MMI
BMEL
MIR
Board of Directors &
Board of Commissioners &
Committees Group Functional Officials & Not Perusahaan Perusahaan Entitas Kantor
Committees Under the Board Director SEVP Deputy Group Head
Under the Board of Directors Head Structural Anak Anak Terafiliasi LuarNegeri
of Commissioners
PT BANK MANDIRI (PERSERO) TBK 132 133 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD
OF COMMISSIONERS
Education Background
• Ph.D. in Economics from The Australian National University
in Canberra, Australia (2001).
• Master of Business Administration in Economic
Development from The Australian National University in
Canberra, Australia (1996).
• Bachelor of Economics from University of Indonesia
(1992).
Certification
Banking Risk Management Certification Program Level 6
held by the Banking Professional Certification Institute (LSPP)
(2024).
Legal Basis of Appointment
• Period 1:
- Appointed for the first time as Vice President
Commissioner/Independent Commissioner based
on the resolution of the Extraordinary GMS dated
9 December 2019 in accordance with the Deed
of Minutes of the Extraordinary GMS No. 5 dated 9
December 2019.
- Appointed as President/Independent Commissioner
COMPOSITION OF THE BOARD
of Bank Mandiri based on the decision of the Annual
GMS dated 19 February 2020 in accordance with
the Deed of Minutes of the Annual GMS No. 56
OF COMMISSIONERS
dated 19 February 2020.
• Period 2: Reappointed as President Commissioner/
Independent of Bank Mandiri based on the resolution M. Chatib Basri
of the Annual GMS dated 7 March 2024 in accordance President Commissioner/Independent
with the Deed of Minutes of the Annual GMS No. 03 Place and Date of Birth
dated 7 March 2024.
CHANGE OF THE BOARD OF COMMISSIONERS Employment Period
Born in Jakarta in 1965
59 years old as of December 2024
COMPOSITION 7 March 2024 until the closing of 2029 Annual GMS (Second
Period).
Domicile
Jakarta
Citizenship
In 2024, the composition of the Board of Commissioners was amended. Pursuant to the resolution of Concurrent Position
• President Commissioner/Independent Commissioner at Indonesian
the Annual GMS dated 7 March 2024, M. Chatib Basri was reappointed as President Commissioner/
PT XL Axiata Tbk (2016 - present).
Independent, Zainudin Amali’s position was transitioned from Independent Commissioner to Vice • Lecturer at the Faculty of Economics and Business,
President Commissioner/Independent, Rionald Silaban was reappointed as Commissioner, and Tedi University of Indonesia (1992 – present). • Minister of Finance of the Republic of Indonesia
Bharata was appointed as Commissioner replacing Nawal Nely. As such, the composition of the Board of • Member of the Indonesian National Economic Council (2013 - 2014).
Commissioners as of 31 December 2024, is as follows: (NEC) (November 2024 – present). • Head of the Investment Coordinating Board
(2012 - 2013).
Professional Background • Vice Chairman of the Economic Committee
• President Commissioner/Independent : M. Chatib Basri • Member of the Indonesian National Economic Council at the National Economic Committee (2010 -
• Vice President Commissioner/Independent : Zainudin Amali (NEC) (November 2024 – present). 2012).
• Independent Commissioner : Loeke Larasati Agoestina • President Commissioner/Independent of PT Bank Mandiri • Special Advisor of the Minister of Finance
• Independent Commissioner : Muliadi Rahardja (Persero) Tbk (19 February 2020 - present). at the Ministry of Finance of the Republic of
• Independent Commissioner : Heru Kristiyana • President Commissioner/Independent of PT XL Axiata Tbk Indonesia (2006 - 2010).
(2016 – present). • Lecturer at the University of Indonesia (1992 -
• Commissioner : Rionald Silaban • Vice President Commissioner/Independent present).
• Commissioner : Faried Utomo Commissioner of PT Bank Mandiri (Persero) Tbk
• Commissioner : Arif Budimanta (9 December 2019 - 18 February 2020). Declaration of Independence
• Commissioner : Muhammad Yusuf Ateh • President Commissioner/Independent Commissioner of He has declared his independence statement on
• Commissioner : Tedi Bharata PT Indonesia Infrastructure Finance (2016 - 2019). 3 March 2020.
• Non-Executive Director of Axiata Group Sdn Bhd (2015
- 2019). Affiliations
• Senior Partner and Founder of PT Creco Consulting (2015 No affiliations with any members of the Board of
- 2019). Directors, Board of Commissioners, nor controlling
• Independent Commissioner of PT Indika Energy Tbk (2015 or principal shareholders.
- 2019).
• Independent Commissioner of PT Astra International Tbk Shareholding in BMRI
(2015 - 2019). Nil as of 31 December 2024.
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2023 according to the Deed of the Annual Education Background
GMS No. 10 dated 21 November 2023. • Master in Management from the IPWI School of
- Appointed to Vice President Commissioner/ Economics (2001).
Independent pursuant to the Annual GMS • Bachelor degree in Law from Parahyangan Catholic
resolution on 7 March 2024 according to University (1984).
the Deed of the Annual GMS No. 03 dated 7
March 2024. Certification
Level 6 Banking Risk Management Certification Program
Employment Period organized by BNSP/LSPP (2024).
14 March 2023 until the closing of 2028 Annual GMS
(First Period). Legal Basis of Appointment
Period 1: Appointed as Independent Commissioner of Bank
Concurrent Position Mandiri for the first period pursuant to the Annual GMS
• First Vice Chairman of the All-Indonesia Football resolution on 19 February 2020 according to the Deed of
Association (PSSI) (2023 – present). the Annual GMS No. 56 dated 19 February 2020.
• Lecturer at Semarang State University (2020 -
present). Employment Period
• Lecturer at Surabaya State University (2020 - 19 February 2020 until the closing of 2025 Annual GMS (First
present) Period).
• Lecturer at Prof. Dr. Moestopo (Beragama)
University (2019 - present). Concurrent Position
No concurrent positions in other companies or institutions.
Work Experience
• Vice President Commissioner/Independent Professional Background
(7 March 2024 - present). • Professional Background
• Independent Commissioner of PT Bank Mandiri • Independent Commissioner at PT Bank Mandiri (Persero)
(Persero) Tbk (14 March 2023 - 7 March 2024). Tbk (19 February 2020 - present).
• First Vice Chairman of the All-Indonesia Football • Commissioner of PT Bank Rakyat Indonesia (Persero)
Association (PSSI) (2023 - present). Tbk (September 2019 - February 2020).
Zainudin Amali • Lecturer at Semarang State University (2020 -
present).
• Special Staff V of the Minister of SOE at the Ministry of
State-Owned Enterprises (September 2019 - October
Loeke Larasati Agoestina
Vice President Commissioner/Independent • Lecturer at Surabaya State University (2020 - Komisaris Independen
2019).
Place and Date of Birth: present). • Juneor Attorney General for Civil and State Place and Date of Birth
Born in Gorontalo in 1962 • Lecturer at Prof. Dr. Moestopo (Beragama) Administration, Attorney General’s Office of the Lahir di Bandung pada tahun 1959
62 years old as of December 2024 University (2019 - present). Republic of Indonesia (2017 - 2019). Usia 65 tahun per Desember 2024
Domicile: • Minister of Youth and Sports, 2019 - March 2023. • Head of the West Java High Prosecutor’s Office at the Domicile
• Chairperson of Commission II of the People RI Prosecutor’s Office (September 2017 - October 2017).
East Jakarta ‘Representative Council 2014 - 2019. Jakarta
• Head of the Asset Recovery Center at the RI Prosecutor’s
Citizenship: • Vice Chairperson of Commission VII of the Office (2015 - 2017). Citizenship
Indonesian People Representative Council 2009 - 2014. • Head of Yogyakarta High Prosecutor’s Office at the RI Indonesian
• Member of the People Representative Council Prosecutor’s Office (2014 - 2015).
(1 October 2004 - 23 October 2019). • Deputy Head of Riau Islands High Prosecutor’s Office
Education Background • Commissioner at PT Wirabuana Dwijaya Persana (2012 - 2014). Protection of Rights in the Civil and
• Honorary Professor Sport Policy from Universitas (October 2000 - Desember 2020). • Coordinator of the Deputy Attorney General for Administrative Section at the West Jakarta
Negeri Semarang (Unnes) (2022). • Director at PT Putra Mas (January 2000 - October Intelligence at the RI Prosecutor’s Office (2011 - 2012). District Prosecutor’s Office (1993 - 1996).
• Doctor of Political Science from Institut 2002). • Assistant for Development at the West Java High • Functional Prosecutors at the West Jakarta
Pemerintahan Dalam Negeri (IPDN) (2019). • Commissioner at PT Gitrana Sendiko (November Prosecutor’s Office of the RI Prosecutor’s Office (2009 District Attorney (1990 - 1993).
• Master of Public Policy from Universitas Prof. Dr. 1996 – April 1997). - 2011). • Administrative staff at the DKI Jakarta High
Moestopo, Jakarta (2016). • Director at PT Surya Terang Agung (Oktober • Head of Yogyakarta State Prosecutor’s Office at the Court (1987 - 1990).
• Bachelor of Accounting from STIE Swadaya 1996 - October 2003). Yogyakarta High Court (2008 - 2009).
(1992). • Director at PT Makmur Triagung (February 1996 • Head of Employee Development Division at JAM Declaration of Independence
- March 1998). Coaching at the Attorney General’s Office of the She has declared his independence statement
Certification • Staff at PT Supra Dinakarya (June 1993 - October Republic of Indonesia (2005 - 2008). on 4 May 2020.
Banking Risk Management Certification Program 1996). • Head of the Rangkas Bitung District Prosecutor’s Office
Level 6 held by the Banking Professional at the Head of the Banten High Prosecutor’s Office Affiliations
Certification Institute (BNSP/LSPP) (2024). Declaration of Independence (2004 - 2005). No affiliations with any members of the Board of
He has declared his independence statement on • Head of Administration Section of the JAMDATUN Directors, Board of Commissioners, nor controlling
Legal Basis of Appointment 27 July 2023. Secretariat at the Attorney General’s Office of the or principal shareholders.
• Period 1: Republic of Indonesia (2002 - 2004).
- Appointed as Independent Commissioner of Shareholding in BMRI • Head of Section of YANKUM 1, Sub-Directorate of Civil Shareholding in BMRI
Bank Mandiri for the first period pursuant to Nil as of 31 December 2024. Affairs at the JAMDATUN Civil Directorate at JAMDATUN, Nil as of 31 December 2024.
the Annual GMS resolution on 21 November the Indonesian Prosecutor’s Office (1996 - 2002).
• Head of the Sub-Section for the Restoration and
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Employment Period Education Background
10 March 2022 until the closing of 2027 Annual • Bachelor degree in Law from Dipenogoro
GMS (First Period). University (1981).
• Master of Management from IPWIJA College
Concurrent Position of Economics (Institut Pengembangan
- Wiraswasta Indonesia Jakarta) (2000).
Professional Background Certification
• Independent Commissioner of PT Bank Mandiri Level 7 Banking Risk Management Certification
(Persero) Tbk (March 2022 - present). Program organized by BNSP/LSPP (2024).
• Independent Commissioner of PT XL Axiata Tbk
(August 2017 - May 2024). Legal Basis of Appointment
• Commissioner of PT Adira Dinamika Multi Period 1: Appointed as Independent
Finance Tbk (May 2017 - March 2022). Commissioner of Bank Mandiri for the first period
• Vice President Director of PT Bank Danamon pursuant to the Annual GMS resolution on 14
Indonesia Tbk (February 2015 - April 2017). March 2023 according to the Deed of the Annual
• Commissioner of PT Adira Dinamika Multi GMS No. 11 dated 14 March 2023.
Finance Tbk (April 2010 - May 2015).
• Director of Operation at PT Bank Danamon Employment Period
Indonesia Tbk (April 2008 - May 2015). 14 March 2023 until the closing of 2028 Annual
• Director of HR at PT Bank Danamon Indonesia GMS (First Period).
Tbk (February 2004 - April 2008).
• Director of Operation and Technology at PT Concurrent Position
Bank Danamon Indonesia Tbk (April 1999 - • President Director Indonesian Banking
February 2004). Development Agency (LPPI).
• Branch Manager, Area Manager, and Regional
Muliadi Rahardja Office of PT Bank Danamon Indonesia Tbk
• Commissioner of PT Sarana Meditama
Metropolita Tbk. Heru Kristiyana
Independent Commissioner (September 1989 - April 1999).
Independent Commissioner
Place and Date of Birth • Deputy Group Head of PT Bank Lippo Tbk Professional Background Place and Date of Birth
Born in Tangerang in 1959 (September 1988 - September 1989). • Independent Commissioner of PT Bank Mandiri
• Finance Director of PT Indopanca Garment Born in Salatiga in 1956
65 years old as of December 2024 (Persero) Tbk (14 March 2023 - present).
(October 1987 - August 1988). 68 years old as of December 2024
Domicile • President Director Indonesian Banking
• Finance Manager of PT Asuransi Lippo Life Development Agency (LPPI) (January Domicile
Jakarta
(April 1985-September 1987). 2023-present). South Tangerang
Citizenship
• Banking Supervisor of PT Sepatu Bata Indonesia • Commissioner of PT Sarana Meditama Citizenship
Indonesian
(October 1984 - April 1985). Metropolita Tbk (December 2022 - present). Indonesian
• Senior Consultant at MAS Consultant (March • Members of The Board of Commissioners Ex 2
1983-July 1984). Officio of the Financial Services Authority at
Education Background the Deposit Insurance Corporation (July 2017
Declaration of Independence
• Master of Business Administration from Declaration of Independence – July 2022).
He has declared his independence statement on He has declared his independence statement on
Massachusetts Institute of Technology (1998). • Chief Executive of Banking Supervision
6 April 2022. 6 June 2023.
• Bachelor of Accounting from University of Concurrently Serving as a Board of
Indonesia (1984). Commisioner of the Financial Services
Affiliations Shareholding in BMRI
Authority (July 2017 – July 2022).
No affiliations with any members of the Board of Nil as of 31 December 2024.
Certification • Deputy Commissioner of the Financial Services
Level 6 Banking Risk Management Certification Directors, Board of Commissioners, nor controlling Authority (February 2013 – September 2016).
Program organized by BNSP/BSMR (2024). or principal shareholders. • Executive Director of Bank Indonesia (2010 –
January 2013).
Legal Basis of Appointment Shareholding in BMRI • Director of Bank Indonesia (2007 – 2010).
Period 1: Appointed as Independent Nil as of 31 December 2024.
• Deputy Director of Bank Indonesia (2001 -
Commissioner of Bank Mandiri for the first period 2007).
pursuant to the Annual GMS resolution on 10 • Assistant Director of Bank Indonesia (1994).
March 2022 according to the Deed of the Annual • Bank Inspector (1989).
GMS No. 12 dated 24 March 2022. • Staff Bank Indonesia Ambon (1985).
• Credit Bureau Staff of Bank Indonesia (1983).
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Employment Period Education Background
7 March 2024 until the closing of 2029 Annual GMS • Master degree in Law from University of
(Second Period). Indonesia (2003).
• Bachelor degree in Law from Sebelas March
Concurrent Position University (1988).
Director General of State Treasury (2021 - present).
Certification
Professional Background Level 6 Banking Risk Management Certification
• Commissioner of PT Bank Mandiri (Persero) Tbk Program organized by BNSP/LSPP (2024).
(2019 - present).
• Director General of State Treasury, Ministry of Legal Basis of Appointment
Finance (2021 – present). Period 1: Appointed as Independent Commissioner
• Acting President Director of the Education of Bank Mandiri for the first period pursuant to
Fund Management Institution at the Secretariat the Annual GMS resolution on 19 February 2020
General, Ministry of Finance (2018 - 2021). according to the Deed of the Annual GMS No. 56
• Head of the Financial Education and Training dated 19 February 2020.
Agency, Ministry of Finance (2018 - 2021).
• Acting President Director of Indonesian Employment Period
Endowment Fund for Education at Secretariat 19 February 2020 until the closing of 2025 Annual
General of Ministry of Finance (2018 - present). GMS (First Period).
• Head of Financial Education and Training Agency,
Ministry of Finance (2018 - present). Concurrent Position
• Commissioner of PT PLN (Persero) (2017-2019). Principal Expert Archivist at the Center for Data
• Acting Expert Staff of Minister of Finance for and Information Technology, Ministry of State
Macroeconomics and International Finance, Secretariat of the Republic of Indonesia (July 2024
Ministry of Finance (2016-2018). – present).
• Expert Staff of Minister of Finance for Faried Utomo
Macroeconomics and International Finance, Professional Background Commissioner
Ministry of Finance (2016-2018). • Commissioner at PT Bank Mandiri (Persero)
Place and Date of Birth
Rionald Silaban • Executive Director, SEAVG at World Bank,
Washington DC, USA (2014-2016). •
Tbk (19 February 2020 - present).
Principal Expert Archivist at the Center for Born in Jakarta in 1964
Commissioner 60 years old as of December 2024
• Commissioner of PT Indosat Tbk (2014). Data and Information Technology, Ministry of
Place and Date of Birth • Expert Staff of Minister of Finance for Organization, State Secretariat of the Republic of Indonesia Citizenship
Born in Pekanbaru in 1966 Bureaucracy, and Information Technology, (July 2024 – present).
58 years old as of December 2024 Indonesian
Ministry of Finance (2012-2014). • Deputy for Administration at Cabinet
Citizenship • Head of Center for Policy Analysis and Secretariat of the Republic of Indonesia (2015 Domicile
Indonesian Harmonization at Secretariat General of the - July 2024). Jakarta
Domicile Ministry of Finance (2008-2012). • Commissioner of PT Pertamina Geothermal
Jakarta • Head of Fiscal Risk Guarantee Center at Fiscal Energy (2016-February 2020).
Policy Agency, Department of Finance (2006- • Head of Secretariat of Final Assessment • Head of State Apparatus Section at Secretariat
2008). Team (TPA) Appointment, Transfer, and of Cabinet of the Republic of Indonesia (2004-
• Senior Advisor, SEA VG ED Office at World Bank, Dismissal of and in Main High Leadership 2006).
Washington DC, USA (2004-2006). and Intermediate High Leadership Positions • Head of People’s Welfare and Personnel
Education Background • Head of TU Pim Department, General Bureau at at Cabinet Secretariat of the Republic of
• Master degree in Law Center from Georgetown Section at Cabinet Secretariat of the Republic
the Secretariat General of Department of Finance Indonesia (2015-2020). of Indonesia (2001 - 2004).
University, Washington DC, USA (1993). (2002-2004). • Acting Deputy for Administration at
• Bachelor degree in Law from University of • Head of Sub Division of People’s Welfare at
• Head of Division/SVP Asset Monitoring at AMI, IBRA Secretariat of Cabinet of the Republic of State Secretariat of the Republic of Indonesia
Indonesia (1989). (2000-2002). Indonesia (March 2015-May 2015). (1999 - 2001).
• Head of Legal Department, Legal and Public • Expert Staff to Cabinet Secretary for • Head of Sub Division of Research on Draft
Certification Relations Bureau at General Secretariat, Research, Technology, Communication and
Level 7 Banking Risk Management Certification PUU 7 Regulations at State Secretariat of the
Department of Finance (1998-2000). Information at Cabinet Secretariat of the Republic of Indonesia (1999 -1999).
Program organized by BNSP/LSPP (2024). • Head of Sub Directorate of Privatization, Directorate Republic of Indonesia (2014-2015). • Staff at the Research Subdivision IV of the Law
of Privatization at DGTSOE, Department of Finance • Assistant Deputy for Session Materials at and Legislation Bureau at the State Secretariat
Legal Basis of Appointment (1997-1998). Cabinet Secretariat of the Republic of
• Period 1: Appointed as Commissioner of Bank of the Republic of Indonesia (1989 - 1993).
Indonesia (2011-2014).
Mandiri for the first period pursuant to the Affiliations • Head of State Apparatus Bureau, Regional
Extraordinary GMS resolution on 28 August 2019 Affiliations
No affiliations with any members of the Board of Government and People’s Welfare at No affiliations with any members of the Board of
according to the Deed of the Extraordinary Directors, Board of Commissioners, nor controlling or Secretariat of Cabinet of the Republic of
GMS No. 59 dated 28 August 2019. Directors, Board of Commissioners, nor controlling
principal shareholders. Indonesia (2006-2011). or principal shareholders.
• Period 2: Reappointed as Commissioner of Bank • Acting Head of Legislative Regulations
Mandiri based on the resolution of the Annual Shareholding in BMRI Bureau at State Secretariat of the Republic of
GMS dated 7 March 2024 in accordance with Shareholding in BMRI
3,430,200 shares (0.0036752%) as of 31 December Indonesia (2004-2006). 3,116,400 shares (0.0033390%) as of 31 December
the Deed of Minutes of the Annual GMS No. 03
2024. 2024.
dated 7 March 2024.
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Legal Basis of Appointment Education Background
Period 1: Appointed as Independent Commissioner • Doctorate in State Administrative from
of Bank Mandiri for the first period pursuant to University of Indonesia (2020).
the Annual GMS resolution on 19 February 2020 • Master of Business Administration (MBA) in
according to the Deed of the Annual GMS No. 56
Business of Administration from University of
dated 19 February 2020.
Adelaide (2001).
Employment Period • Diploma 4 in Accounting from State
19 February 2020 until the closing of 2025 Annual Accounting Academy (STAN) (1992).
GMS (First Period). • Diploma 3 in Accounting from State
Accounting Academy (STAN) (1986).
Concurrent Position
- Certification
• Level 6 Banking Risk Management Certification
Professional Background Program organized by BNSP/LSPP (2024).
• Commissioner of PT Bank Mandiri (Persero) Tbk • Head of Team of Auditor Ranking Certification
(19 February 2020 - present). held by Supervisory Education and Training
• Special Staff to the President of the Republic of
Center (BPKP) (2002).
Indonesia for Economic Affairs (2019 - October
• Expert Auditor Formation Certification held
2024).
by Supervisory Education and Training Center
• Management at Paramadina Waqf
Foundation (2016 - present). (BPKP) (1999).
• Commissioner/Board of Directors at Indonesia
Eximbank (2015 - 2020). Legal Basis of Appointment
• Vice Chairman of Indonesian People’s Period 1: Appointed as Independent
Consultative Assembly Research Institute (2015 Commissioner of Bank Mandiri for the first period
- 2020). pursuant to the Annual GMS resolution on 15
Muhammad Yusuf Ateh
Arif Budimanta • Vice Chairman of National Economy and
Industry Committee (2016 - 2019).
March 2021 according to the Deed of the Annual
GMS No. 13 dated 15 March 2023. Commissioner
Commissioner • Member of House of Representatives - RI, Place and Date of Birth
Place and Date of Birth Commission XI (2009 - 2014). Employment Period Born in Jakarta in 1964
Born in Medan in 1968 15 March 2021 until the closing of 2026 Annual 60 years old as of December 2024
Affiliations
56 years old as of December 2024
No affiliations with any members of the Board of
GMS (First Period). Citizenship
Citizenship Indonesian
Directors, Board of Commissioners, nor controlling
Indonesian Concurrent Position Domicile
or principal shareholders.
Domicile Chairman of Financial and Development
Bekasi
Shareholding in BMRI Supervisory Agency (BPKP).
Jakarta
3,116,400 shares (0.0033390%) as of 31 December
2024. Professional Background
• Commissioner of PT Bank Mandiri (Persero) Tbk. • Deputy of Apparatus Supervisory and
(15 March 2021 - present). Accountability at the Ministry of Apparatus
Education Background Empowerment and Bureaucratic Reformation
• Doctorate in Social and Political Sciences from • Chairman of Financial and Development
Supervisory Agency (BPKP) (February 2020 - (June 2013 - September 2013).
University of Indonesia (2006).
• Master of Science in Natural Resource present). • Inspector at the Ministry of Apparatus
Economics from University of Indonesia (1996). • Commissioner of PT Perusahaan Listrik Negara Empowerment and Bureaucratic Reformation
• Bachelor degree in Soil Science from Bogor (Persero) (September 2020 - March 2021). (June 2010 - June 2013).
Agricultural University (1990). • Supervisory Board of Perusahaan Umum • Head of Performance Accountability
(Perum) Percetakan Uang of the Republic of Monitoring and Evaluation of Eastern II Region
Certification Indonesia (May 2019 - August 2020). Apparatus at the Ministry of Apparatus
Level 7 Banking Risk Management Certification Empowerment and Bureaucratic Reformation
• Deputy of Bureaucratic Program and
Program organized by BNSP/LSPP (2024). (February 2006 - June 2010).
Reformation at the Ministry of Apparatus
Empowerment and Bureaucratic Reformation • Head of Performance Accountability
(October 2013 - February 2020). Evaluation of Central and Eastern Regions
• Acting Deputy of Bureaucratic Program and Agencies at the Ministry of State Apparatus
Reformation at the Ministry of Apparatus Empowerment and Bureaucratic Reformation
Empowerment and Bureaucratic Reformation (August 2004-February 2006).
(September 2013 - October 2013).
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• Deputy of Bureaucratic Program and Reformation at the Education Background
Ministry of Apparatus Empowerment and Bureaucratic • Master of Public Administration from Columbia
Reformation (October 2013 - February 2020). University (2016).
• Acting Deputy of Bureaucratic Program and Reformation at • Bachelor Degree in Computer Science and
the Ministry of Apparatus Empowerment and Bureaucratic Information Management System from Pelita
Reformation (September 2013 - October 2013). Harapan University (2005).
• Deputy of Apparatus Supervisory and Accountability at
the Ministry of Apparatus Empowerment and Bureaucratic Certification
Reformation (June 2013 - September 2013). Level 6 Banking Risk Management Certification
• Inspector at the Ministry of Apparatus Empowerment and Program organized by BNSP/LSPP (2024).
Bureaucratic Reformation (June 2010 - June 2013).
• Head of Sub Directorate of Accountability Supervisory of Legal Basis of Appointment
State Agencies at Financial and Development Supervisory Period 1: Appointed as Commissioner of Bank
Agency (BPKP) (December 2002 - August 2004). Mandiri for the first period pursuant to the Annual
• Juneor Expert Auditor at Deputy Supervisory of Accountability GMS resolution on 7 March 2024 according to
of Financial and Development Supervisory Agency (BPKP) the Deed of the Annual GMS No. 03 dated 7
(April 1999 - December 2002). March 2024.
• Assistant to Finance and Development Supervisor at Financial
and Development Supervisory Agency (BPKP) (July 1993 - Employment Period
March 1999). 7 March 2024 until the closing of 2029 Annual
GMS (First Period).
Affiliations
No affiliations with any members of the Board of Directors, Board Concurrent Position
of Commissioners, nor controlling or principal shareholders. Deputy for Finance and Risk Management at
Ministry of State-Owned Enterprises (August 2021
Shareholding in BMRI - present).
2,673,600 shares (0.0028646% ) as of 31 December 2024. Tedi Bharata
Professional Background Commissioner
• Commissioner of PT Bank Mandiri (Persero) Place and Date of Birth
Tbk (7 March 2024 - present).
Born in Magelang in 1983
• Deputy for Human Resources, Technology
41 years old as of December 2024
and Information, KBUMN (August 2021 -
completed) Citizenship
• Special Staff V to the Minister of SOEs (March Indonesian
- August 2021). Domicile
• Vice President Office of the Board, PT Jakarta
Indonesia Asahan Aluminum (2019 - 2021).
• Head of the Telematics Industry Section,
Investment Coordinating Board (2016 - 2019)
• Capstone Project Consultant, Bank of Affiliations
America Merrill Lynch (January - May 2016) No affiliations with any members of the Board of
• Special Staff to the Minister of Trade (2014) Directors, Board of Commissioners, nor controlling
• Head of Energy Infrastructure Section, or principal shareholders.
Investment Coordinating Board (2012 - 2014)
• Vice Director at Indonesia Investment Shareholding in BMRI
Promotion Center – New York (2009 - 2012) 30,300 shares (0.0000325%) as of 31 December
• Project Management Staff at PT Siemens 2024.
Indonesia (2005-2008).
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Legal Basis of Appointment Education Background
• Appointed as Vice President Commissioner/ • Executive Master of Business Administration
Independent Commissioner of Bank Mandiri for the from INSEAD, Fontainebleu, France (2019).
first period pursuant to the Annual GMS resolution • Bachelor degree in Accounting from Gadjah
on 19 February 2020 according to the Deed of the Mada University (1996).
Annual GMS No. 56 dated 19 February 2020.
Certification
Employment Period • Commissioner Level 1 Risk Management
19 February 2020 until the closing of 2025 Annual GMS Certification held by Banking Professional
(First Period). Certification Institute (LSPP) (2020).
• Chartered Financial Analyst held by CFA
Concurrent Position Institute (2001).
Lecturer in Political Science at the University of Indonesia
(2006 - present). Legal Basis of Appointment
Appointed as Commissioner of Bank Mandiri
Professional Background for the first period pursuant to the Annual GMS
• Vice President Commissioner/Independent PT Bank resolution on 19 February 2020 according to
Mandiri (Persero) Tbk (19 February 2020 - present). the Deed of the Annual GMS No. 56 dated 19
• Lecturer at the Department of Political Science, at February 2020.
the University of Indonesia (2006 - present).
• President Commissioner at PT Bank Rakyat Employment Period
Indonesia (Persero) Tbk (2017 - 2020). 19 February 2020 to 07 March 2024
• President Commissioner at PT Angkasa Pura I
Concurrent Position
Andrinof A. Chaniago* (Persero) (2015 - 2017).
Deputy for Finance and Risk Management at
Vice President Commissioner/Independent
• Minister of the Ministry of National Development
Planning/BAPPENAS (2014 - 2015). Ministry of State-Owned Enterprises. Nawal Nely*
Place and Date of Birth: • Executive Director at CIRUS Surveyors (2008 - 2014). Commissioner
Born in Padang in 1962 • Research Manager at The Habibie Center (2000 - Professional Background Place and Date of Birth
62 years old as of December 2024 2005). • Commissioner of PT Bank Mandiri (Persero) Tbk Born in Pekalongan in 1973
Domicile: • Researcher and Author (1999 - 2000). (19 February 2020 - present). 51 years old as of December 2024
• Head of the Research Desk and Data Bank at • Deputy for Finance and Risk Management at Domicile
Depok Ministry of State-Owned Enterprises (February
Citizenship: NERACA (1996 - 1999). Jakarta
2020 - present).
Indonesian
• Head of Research Desk and Data Bank at UMMAT Citizenship
News Magazine (1994 -1996). • Partner at Ernst & Young, Indonesia (March
2010 - February 2020). Indonesian
• Declaration of Independence.
• He has declared his independence statement on • Senior Manager at Ernst & Young, Egypt (2009
1 April 2020. - 2010).
Education Background • Manager at Ernst & Young, Qatar (2007 - • He has declared his independence statement on
• Masters in Planning and Public Policy, Faculty of Affiliations 2008).
4 May 2020.
Economics from the University of Indonesia (2004). • No affiliations with any members of the Board of • Manager at National Bank of Kuwait (2005 -
• Bachelor degree in Social and Political Science Directors, Board of Commissioners, nor controlling 2006). Affiliations
from the University of Indonesia (1990). or principal shareholders. • Financial Analyst at Ernst & Young, Kuwait No affiliations with any members of the Board of
(2002 - 2005). Directors, Board of Commissioners, nor controlling
Certification Shareholding in BMRI • Associate at Boston Consulting Group, or principal shareholders.
Banking Risk Management Certification Level Nil as of 29 February 2024. Indonesia (2000 - 2002).
2 Commissioner held by the Banking Profession • Equity Analyst at Indosuez W.I. Carr Securities Shareholding in BMRI
Certification Institute (LSPP) (2017) and has been (1998 - 1999). 2,519,400 shares (0.0026994 %) as of 29 February
refreshed (2020). • Assistant Manager at Citibank NA, Jakarta 2024
(1996 - 1997).
Declaration of Independence
• He has declared his independence statement on
06 April 2022.
*) Ended his tenure of the Annual GMS dated 07 March 2024. *) Ended his tenure of the Annual GMS dated 07 March 2024.
PT BANK MANDIRI (PERSERO) TBK 146 147 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE
BOARD OF DIRECTORS
Education Background
Bachelor of Law from Sriwijaya University, Palembang (1990).
Certification
• Banking Risk Management Certification Qualification 7,
organized by the Professional Certification Institute of the
Risk Management Certification Board (2024).
• Treasury Certification Level 7, organized by ACI Financial
Markets Association Indonesia (2024).
Legal Basis of Appointment
• Period 1: Appointed as Director of Bank Mandiri for the first
period pursuant to the Extraordinary GMS on 21 August 2017
according to the Deed of the Extraordinary GMS No. 25
dated 23 January 2018. He further appointed as President
Director of Bank Mandiri pursuant to the Extraordinary GMS
on 21 October 2020 according to the Deed of the Annual
GMS Resolution No. 16 dated 21 October 2020.
• Period 2: Reappointed as President Director of Bank Mandiri
at the Annual GMS dated 10 March 2022 according to the
Deed of the Annual GMS No. 12 dated 24 March 2022.
Employment Period
• 21 August 2017 until the closing of 2022 Annual GMS (First
Period).
COMPOSITION OF THE BOARD
• 10 March 2022 until the closing of 2027 Annual GMS
(Second Period).
OF DIRECTORS
Concurrent Position
No concurrent positions in other companies or institutions.
Professional Background
Darmawan Junaidi
President Director
As of 31 December 2024 • President Director at PT Bank Mandiri (Persero) Tbk. (21
October 2020 - present). Place and Date of Birth
Born in Palembang in 1966
CHANGE OF THE BOARD OF DIRECTORS COMPOSITION
• Chairman Indonesia Foreign Exchange Market Committee
(IFEMC) (2017 – 2020). 58 years old as of December 2024
• Director of Treasury, International Banking & Special Domicile
In 2024, the composition of the Board of Directors was amended. Pursuant to the resolution of the Annual Asset Management at PT Bank Mandiri (Persero) Tbk. (9
Jakarta
December 2019 - 20 October 2020).
GMS dated 7 March 2024, the transition of position of Riduan to Director of Corporate Banking replacing • Director of Treasury and International Banking at PT Bank Citizenship
Susana Indah Kris Indriati, the appointment of Danis Subyantoro as Director of Risk Management replacing Mandiri (Persero) Tbk. (21 March 2018 - 9 December 2019). Indonesian
Ahmad Siddik Badruddin, and the appointment of Totok Priyambodo as Director of Commercial Banking, • Treasury Director at PT Bank Mandiri (Persero) Tbk. (August
thereby the composition of the Board of Directors as of 31 December 2024 is as follows: 2017 - March 2018).
• Acting President Director of PT Semen Indonesia (Persero) Treasury Group at PT Bank Mandiri (Persero) Tbk
Tbk (May 2017 - August 2017). (2005 - 2007).
• President Director : Darmawan Junaidi • Director of Finance and as President Commissioner at PT • Treasury Manager of Cayman Islands Branch at
• Vice President Director : Alexandra Askandar Semen Kupang Indonesia, at the same time (2016 - August Bank Mandiri (1999 - 2005).
• Compliance and HR Director : Agus Dwi Handaya 2017). • Professional Staff in Treasury Affairs at PT Bank
• Senior Vice President - Group Head of Treasury (Executive Bumi Daya (Persero) (1997 - 1999).
• Corporate Banking Director : Riduan
Officer in Funding and Lending) at PT Bank Mandiri (Persero) • Professional Staff of Internal Control Affairs at PT
• Network and Retail Banking Director : Aquarius Rudianto Bank Bumi Daya (Persero) (1996 - 1997).
Tbk (January - May 2016).
• Operation Director : Toni E.B. Subari • Regional Senior Vice President CEO of Bali and Nusa • Credit Recovery Officer at PT Bank Bumi Daya
• Institutional Relations Director : Rohan Hafas Tenggara (Executive Officer in Funding and Lending) at PT (Persero) (1994 - 1996).
• Finance and Strategy Director : Sigit Prastowo Bank Mandiri (Persero) Tbk (2015 - 2016). • Administration of the Head Office at PT Bank
• Senior Vice President - Deputy Group Head of Treasury Bumi Daya (Persero) (1992 - 1994).
• Information Technology Director : Timothy Utama
• Treasury and International Banking Director: Eka Fitria (Executive Officer in Funding and Lending) at PT Bank
Mandiri (Persero) Tbk (2012 - 2015). Affiliations
• Risk Management Director : Danis Subyantoro • Vice President - Department of Banking Book Management, No affiliations with any members of the Board of
• Commercial Banking Director : Totok Priyambodo Treasury Group at PT Bank Mandiri (Persero) Tbk (2011 - Directors, Board of Commissioners, nor controlling
2012). or principal shareholders.
• Vice President - Department Head of Marketing West,
Treasury Group at PT Bank Mandiri (Persero) Tbk (2009 - Shareholding in BMRI
2011). 11,134,200 shares (0.0119295%) as of 31 December
• Assistant Vice President - Chief Dealer of Marketing II, 2024.
Treasury Group at PT Bank Mandiri (Persero) Tbk (2007 -
2009).
• Senior Manager - Professional Staff of Treasury Marketing I,
PT BANK MANDIRI (PERSERO) TBK 148 149 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
Legal Basis of Appointment Education Background
• Period 1: Appointed as Director of Bank Mandiri • Master of Business Administration in Strategy & Finance
pursuant to the resolution of the Annual GMS on 21 from the Nanyang Fellows National Technological
March 2018 according to the Deed of the Annual University Singapore (2013).
GMS No. 57 dated 21 March 2018. Appointed as • Bachelor in Economics/ Accounting from the University
Vice President Director of Bank Mandiri based on the of North Sumatra (1995).
resolution of the Extraordinary GMS on 21 October
2020 according to the Deed of the Extraordinary
Certification
• Risk Management Certification Alignment Program
GMS No. 16 dated 21 October 2020. Level 7 for Director Position held by Indonesia Risk
• Period 2: Reappointed as Vice President Director Professional Association (IRPA) (2024).
of Bank Mandiri pursuant to the resolution of the • Level 7 Risk Management Certification held by the
Annual GMS on 14 March 2023 according to the Banking Professional Certification Institute (LSPP) (2023).
Deed of the Annual GMS No. 11 dated 14 March • Level 5 Risk Management Certification held by the
2023. Banking Professional Certification Institute (LSPP) (2022).
• Banking Compliance Certification held by LSPP (2020).
Employment Period • Certified Behavior Analyst held by Pinasthika (2018).
• 21 March 2018 until the closing of 2023 Annual GMS • Level 5 Risk Management Certification held by the
(First Period). Banking Professional Certification Institute (LSPP) (2018).
• 14 March 2023 until the closing of 2023 Annual GMS • Certified Chartered Accountant Indonesia held by the
(Second Period). Indonesian Institute of Accountants (IAI) (2015).
Concurrent Position Legal Basis of Appointment
• Period 1: Appointed as Director of Bank Mandiri for the
No concurrent positions in other companies or
first period pursuant to the resolution of the Annual GMS
institutions. on 21 March 2018 in accordance with the Deed of the
Annual GMS No. 57 dated 21 March 2018.
Professional Background • Period 2: Reappointed as Director of Bank Mandiri based
Alexandra Askandar • Vice President Director at PT Bank Mandiri (Persero) on the resolution of the Annual GMS on 14 March 2023
Vice President Director Tbk (21 October 2020 - present). in accordance with the Deed of the Annual GMS No. 11 Agus Dwi Handaya
Place and Date of Birth: • Director of Corporate Banking at PT Bank Mandiri dated 14 March 2023. Director of Compliance and HR
(Persero) Tbk (December 2019 - 20 October 2020). Place and Date of Birth
Born in Medan in 1972 Employment Period
• Institutional Relationship Director at PT Bank Mandiri Born in Medan in 1970
52 years old as of December 2024 (Persero) Tbk (March 2018 - December 2019). • 21 March 2018 until the closing of 2023 Annual GMS (First
Domicile: Period). 54 years old as of December 2024
• Senior Executive Vice President of Corporate
Banking at PT Bank Mandiri (Persero) Tbk (2016 - • 14 March 2023 until the closing of 2023 Annual GMS Domicile
Jakarta
March 2018). (Second Period). Jakarta
Citizenship:
• Commissioner of PT Mandiri Sekuritas (2011- March Citizenship
Indonesian Concurrent Position
2018). Indonesian
No concurrent positions in other companies or institutions.
• Corporate Banking Group Head V Group at PT
Education Background Bank Mandiri (Persero) Tbk (2015 - 2016). Professional Background
• Master of Business Administration (MBA) in • Group Head Syndication, Oil & Gas at PT Bank • Compliance and HR Director at PT Bank Mandiri (Persero)
Finance from Boston University, USA (1999). Mandiri (Persero) Tbk (2009 - 2015). Tbk (16 May 2019 - present). • Senior Strategic Plan at PT Bank Mandiri (Persero)
• Bachelor in Economics from the University of • Corporate Banking III Group Department Head at • Compliance Director at PT Bank Mandiri (Persero) Tbk Tbk (2003 - 2005).
Indonesia (1995). PT Bank Mandiri (Persero) Tbk (2007 - 2009). (21 March 2018 - 16 May 2019). • Section Head of Commercial Banking Controller
• Senior Relationship Manager for Corporate Banking • Senior Executive Vice President of Corporate at PT Bank Mandiri (Persero) Tbk (2001 - 2003).
Group at Bank Mandiri (2000 - 2006). Transformation & Finance at PT Bank Mandiri (Persero) • Section Head Regional Banking Controllers at PT
Certification Bank Mandiri (Persero) Tbk (1999 - 2001).
• Account Manager at the Loan Work Out Division of Tbk (2017 - 21 March 2018).
• Risk Management Certification Qualification 7 • Branch Officers of Medan Medan City Hall for
the Indonesian Bank Restructuring Agency (1999 - • Group Head Office of the CEO at PT Bank Mandiri
by the Banking Professional Certification Institute (Persero) Tbk (2016-2017). Small & Corporate Loans and Medium - Term
(2024). 2000).
• Director of Finance & Strategy at PT Bank Syariah Mandiri Loans at Import Export Banks (1996 - 1999).
• Equalization of Risk Management Certification • ISO 9000 & 14000 Consultant at PT Surveyor
Indonesia (1996 - 1997). (2015 - 2016).
Qualification 7 by BARa Risk Forum (2024). • Director of Finance & Strategy at PT Bank Syariah Mandiri Affiliations
• Risk Management Refreshment Certification for • Manager of Finance Division at PT Surveyor No affiliations with any members of the Board of
(2015 - 2016).
Directors and Executive Officers (LPPI) (2023) Indonesia (1995 - 1996). • Group Head Strategy & Performance Group at PT Bank Directors, Board of Commissioners, nor controlling
• Refreshment Program for Risk Management Mandiri (Persero) Tbk (2013 - 2014). or principal shareholders.
Certification by BARa Risk Forum (2022). Affiliations • Study Tasks at the Nanyang Fellows National
• Refreshment Program for Risk Management No affiliations with any members of the Board of Technological University Singapore (2012 - 2013). Shareholding in BMRI
Certification by BARa Risk Forum (2020). Directors, Board of Commissioners, nor controlling or • Group Head Strategy & Performance Group at PT Bank 11,347,300 shares (0.0121578 %) as of 31 December
• Level 5 Risk Management Certification held by principal shareholders. Mandiri (Persero) Tbk (2009 - 2012). 2024.
the Banking Professional Certification Institute • Department Head Strategy & Financial Analysis at PT
(LSPP) (2018). Shareholding in BMRI Bank Mandiri (Persero) Tbk (2007 - 2009).
11,028,200 shares (0.0118159%) as of 31 December • Commercial Controller Head at PT Bank Mandiri (Persero)
2024. Tbk (2005 - 2007).
PT BANK MANDIRI (PERSERO) TBK 150 151 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
• Period 2: Reappointed as Director of Bank Mandiri Education Background
pursuant to the resolution of the Annual GMS on 14 Bachelor in Social Science and Political Science from
March 2023 according to the Deed of the Annual Padjajaran University (1990).
GMS No. 11 dated 14 March 2023.
Certification
Employment Period • 7th Phase/Qualification, Risk Management
• 7 January 2019 until the closing of 2023 Annual GMS Certification (2024)
(First Period). • Risk Management Certification Refreshment (Level 6
• 14 March 2023 until the closing of 2028 Annual GMS & 7) (2023).
(Second Period). • Chief Business Development Officer (CBDO) Cohort II
2023, attended by the Ministry of BUMN.
Concurrent Position • Level 5 Risk Management Certification held by the
No concurrent positions in other companies or Banking Professional Certification Institute (LSPP)
institutions. (2020).
Professional Background Legal Basis of Appointment
• PT Bank Mandiri (Persero) Tbk Corporate Banking Period 1: Appointed as Director of Bank Mandiri for the
Director (2024 - present). first period pursuant to the resolution of the Annual GMS
• PT Bank Mandiri (Persero) Tbk Commercial Banking on 19 February 2020 in accordance with the Deed of the
Director (January 2019 - 2024). Annual GMS No. 56 dated 19 February 2020.
• Commissioner of PT Mandiri Sekuritas (2018 - 2019).
• PT Bank Mandiri (Persero) Tbk. Middle Corporate Employment Period
Senior Executive Vice President (2017 - January 19 February 2020 until the closing of 2025 Annual GMS
2019). (First Period).
Riduan • Senior Vice President/Regional CEO II/Sumatra 2 PT
Bank Mandiri (Persero) Tbk (2016 - 2017).
Director of Corporate Banking Concurrent Position
Place and Date of Birth:
• Director of Finance and Investment at PT Askes
(Persero)/BPJS Kesehatan (2013 - 2016).
No concurrent positions in other companies or institutions. Aquarius Rudianto
Born in Palembang in 1970 • Commissioner of PT Mandiri AXA General Insurance Director of Network and Retail Banking
Professional Background
54 years old as of December 2024 (2012 - 2014). • Director of Network and Retail Banking at PT Bank Place and Date of Birth:
Domicile: • Senior Vice President (Group Head) of PT Bank Mandiri (Persero) Tbk (19 February 2020 - present). Born in Jakarta in 1967
Mandiri (Persero) Tbk Business Banking I (2011 - • Commissioner at PT Bank Syariah Mandiri (12 February 57 years old as of December 2024
Jakarta 2013). 2020 - 19 February 2020). Domicile:
Citizenship: • Vice President (Commercial Banking Center • Senior Executive Vice President for Business & Networks
Indonesian Manager) of the Regional Office II/Palembang PT at PT Bank Mandiri (Persero) Tbk (10 December 2019 Jakarta
Bank Mandiri (Persero) Tbk (2007 - 2009). - 19 February 2020). Citizenship:
• Assistant Vice President (Micro Banking District • Commissioner at Mandiri AXA General Insurance (29 Indonesian
Center Manager) of the Regional Office II/ March 2019 - 19 February 2020).
Education Background Palembang PT Bank Mandiri (Persero) Tbk. (2005 - • Senior Executive Vice President (SEVP) Operations at
• Master in Management from Sriwijaya University 2006). PT Bank Mandiri (Persero) Tbk (2018 - 2019).
(2007). • Head of Class 2 Branch (Senior Manager) at • Senior Officer, Corporate & Commercial
• Regional CEO, Regional 3 Jakarta Kota at PT Bank
• Bachelor in Accounting Economics from Regional Office II/Palembang PT Bank Mandiri Credit Division Surabaya at PT Bank Mandiri
Mandiri (Persero) Tbk. (2015 - 2018).
Sriwijaya University (1995). (Persero) Tbk (2005). (Persero) Tbk (1999 - 2000).
• Group Head Regional Commercial Sales 1 Group at
• Head of Class 3 Branch (Senior Manager) at • Head of Credit Division, Head of Cash
PT Bank Mandiri (Persero) Tbk (2010 - 2014).
Certification Regional Office II/Palembang PT Bank Mandiri for Certain Periods According to Internal
• Commercial Banking Manager, Regional Commercial
• Level 7 Risk Management Certification Refresher (Persero) Tbk (2004). Movements of Bank Exim, Cakranegara
Sales 1 Group, Commercial Banking Center Medan
Program held by Indonesia Risk Professional • Cash Outlet Manager (Senior Manager) at Regional Branch, Mataram - NTB at PT Bank Export
at PT Bank Mandiri (Persero) Tbk (2009 - 2010).
Association (IRPA) (2024). Office II/Palembang of PT Bank Mandiri (Persero) Import (1995 - 1999).
• Commercial Banking Manager Regional Commercial
• Level 7 Risk Management Certification Refresher Tbk (January 2003 - December 2003). • Head of Credit Division, Head of Export Import,
Sales 1 Group Banjarmasin - South Kalimantan at PT
Program, held by BARa Risk Forum (2023). • Internal Control & Compliance Head in the Regional Head of Cash, Head of Business Development
Bank Mandiri (Persero) Tbk (2006 - 2009).
• Refreshment Program “Mengelola Kredt Office II/Palembang PT Bank Mandiri (Persero) Tbk for Certain Periods According to Internal
• Assistant Regional Risk Manager, Commercial Credit
Komersial Menghadapi Potensi Resesi 2023” (2000 - 2003). Movements of Exim Bank Samarinda Branch,
Risk Management Group, Regional Risk Management
yang diadakan oleh PT Asta Konsultan Indonesia • Internal Auditor at PT Bank Mandiri (Persero) Tbk East Kalimantan at PT Bank Export Import
VIII Denpasar - Bali at PT Bank Mandiri (Persero) Tbk
(2023). (1999 - 2001). (1991 - 1995).
(2004 - 2006).
• Risk Management Certification Level 5 held by • Internal Auditor (SPI) PT Bank Dagang Negara • Professional Staff Authority, Retail Credit Risk
the Banking Professional Certification Institute (Persero) (1996 - 1999). Management Group, Regional Risk management
Affiliations
(LSPP) (2021). No affiliations with any members of the Board of
VIII Surabaya at PT Bank Mandiri (Persero) Tbk (2003
Affiliations - 2004).
Directors, Board of Commissioners, nor controlling
Legal Basis of Appointment No affiliations with any members of the Board of or principal shareholders.
• Professional Staff (Reorganization), Retail Credit Risk
• Period 1: Appointed as Director of Bank Mandiri Directors, Board of Commissioners, nor controlling or Approval Group Management VIII Surabaya at PT
for the first period pursuant to the resolution of principal shareholders. Bank Mandiri (Persero) Tbk (2001 - 2003).
Shareholding in BMRI
the Extraordinary GMS on 7 January 2019 in 7,102,000 saham (0.0076093%) as of 31 December
• Senior Officer Holders of authority for West Kalimantan
accordance with the Deed of the Extraordinary Shareholding in BMRI Credit Decisions, Commercial Credit Division III at the
2024.
GMS No. 3 dated 7 January 2019. 11,250,000 shares (0.0120536%) as of 31 December Pontianak West Kalimantan Hub at PT Bank Mandiri
2024. (Persero) Tbk (2000 - 2001).
PT BANK MANDIRI (PERSERO) TBK 152 153 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
Concurrent Position
No concurrent positions in other companies or institutions. Education Background
Bachelor of Economics from the University of Indonesia (1987).
Professional Background
• Director of Operations at PT Bank Mandiri (Persero) Tbk Certification
(21 October 2020 - present). • Refreshment of Level 7 Risk Management Certification,
• President Director at Bank Mandiri Syariah (2017 - 2020). Banking Risk Management (LSPP) (2024).
• SEVP Special Asset Management at PT Bank Mandiri • Level 7 Risk Management Certification (2023).
(Persero) Tbk (2016 - 2017). • Level 5 Risk Management Certification held by the
• Regional CEO 1/Sumatera 1 Regional I Medan at PT Bank Banking Professional Certification Institute (LSPP) (2020).
Mandiri (Persero) Tbk (2015 - 2016). • Level 4 Risk Management Certification held by the
• PJ Regional CEO 1/Sumatera 1 Regional I Medan at PT Banking Professional Certification Institute (LSPP) (2020).
Bank Mandiri (Persero) Tbk (January 2015 - June 2015). • PRISM Brain Mapping Certification (PRISM Practitioner)
• Group Head Business Banking I Board of Commissioners held by PRISM (2017).
Business Banking I Group at PT Bank Mandiri (Persero) Tbk
(2014 - 2015). Legal Basis of Appointment
• PJ Group Head Business Banking I Group Board of Period 1: Appointed as Director of Bank Mandiri for the first
Commissioners Business Banking I Group at PT Bank period pursuant to the Extraordinary GMS on 21 October
Mandiri (Persero) Tbk (2013 - 2014). 2020 in accordance with the Deed of the Extraordinary GMS
• PJ Group Head Business Banking III Group Board of Resolution No. 16 dated 21 October 2020.
Commissioners Business Banking III Group at PT Bank
Mandiri (Persero) Tbk (September 2013 - December 2013). Employment Period
• Executive Business Officer - Category B Board of 21 October 2020 until the closing of 2025 Annual GMS (First
Commissioners PKMK Commercial & Business Banking Period).
at PT Bank Mandiri (Persero) Tbk (February 2011 - August
2013).
Toni E. B. Subari • Corporate Banking Manager Medan Board of
Concurrent Position
No concurrent positions in other companies or institutions.
Director of Operation Commissioners Corporate Banking Medan at PT Bank
Mandiri (Persero) Tbk (2009 - 2011).
Rohan Hafas
Place and Date of Birth Professional Background Director of Institutional Relations
• Client Service Team Manager Board of Commissioners • Director of Institutional Relations at PT Bank Mandiri
Born in Magetan in 1964 Place and Date of Birth
CST 3 PHS, CARGILL, LONSUM at PT Bank Mandiri (Persero) (Persero) Tbk (21 October 2020 - present).
60 years old as of December 2024 Tbk (2008 - 2009). Born in Jakarta in 1961
• Chairman of the BUMN Social and Environmental
Domicile • Senior Recovery Manager Board of Commissioners Loan Responsibility Forum (TJSL), Period 2022 - 2025. 63 years old as of December 2024
Jakarta Workout I at PT Bank Mandiri (Persero) Tbk (2006 - 2007). • Chairman of the BUMN Public Relations Forum for the Domicile
Citizenship • Senior Recovery Manager Credit Recovery 2 Loan period 2019 - 2021.
Workout I at PT Bank Mandiri (Persero) Tbk (September Jakarta
Indonesian • Senior Executive Vice President of Corporate Relations
2005 - December 2005). at PT Bank Mandiri (Persero) Tbk (20 February 2020 - 20 Citizenship
• Senior Recovery Manager for Corporate Credit Recovery October 2020). Indonesian
C at PT Bank Mandiri (Persero) Tbk (2003 - 2005). • Group Head Corporate Secretary Group at PT Bank
Education Background • Credit Recovery Officer Credit Recovery for Corporate Mandiri (Persero) Tbk (2014 - 20 February 2020).
Bachelor’s degree in Agricultural Industrial Governance and Capital Market Recovery at PT Bank • Corporate Secretary Division Head at PT Bank Mutiara
Technology from the Institution Bogor Agriculture. Mandiri (Persero) Tbk (2001 - 2003). (2010 - 2014).
• Senior Officer Cru: Loan Workout I Group III at PT Bank • Senior Manager - Marketing Head at PT Bank
• Operational Director at PT Daria Dharma (2005 - 2010). Subentra (1991 - 1992).
Certification Mandiri (Persero) Tbk (2000 - 2001).
• Commissioner at PT Bank Perkreditan Rakyat Tridharma • Senior Manager - Marketing Head at PT Bank Susila
• Refresher Program Level 7 held by Indonesia Risk • Manager Cru: Loan Workout III Group 1 at PT Bank Mandiri
(2009 - 2010). Bakti (1990 - 1991).
Professional Association (IRPA) (2024). (Persero) Tbk (May 2000 - October 2000).
• President Director at PT Deo Gratia Communication (2004 • Manager - SME Account Officer at PT Bank Susila
• Refresher Program Level 7 held by the Banking • Senior Officer Cru: Loan Workout II at PT Bank Mandiri
- 2008). Bakti (1988 - 1990).
Professional Certification Institute (2023). (Persero) Tbk (1999 - 2000).
• Advisor at PT Marga Permata Bumi Property (2004 - 2005). • Assistant Manager - Juneor Account Officer at PT
• Refresher Program Level 7: Indonesian Banking • Head of Medan Middle Branch Team Credit Financing
• Vice President at the Indonesian Banking Restructuring Bank Susila Bakti (1987 - 1988).
in Supporting Indonesia towards a Low Carbon Team (MDN) at PT Bank Mandiri (Persero) Tbk (1996 - 1999).
Agency (2003 - 2004).
Economy held by Bankers Association for Risk • WPT. KTM.MDY Banda Aceh Project Financing Team (BDA)
at PT Bank Mandiri (Persero) Tbk (1993 - 1996). • Vice President Assistant - Group Head Communication Affiliations
Management (BARa) (2023). Division at the Indonesian Banking Restructuring Agency
• Refresher Program: ESG Risk and Mitigation for • WDS Tarakan Project Financing Team (TRK) at PT Bank No affiliations with any members of the Board of
Mandiri (Persero) Tbk (1990 - 1993). (2002 - 2003). Directors, Board of Commissioners, nor controlling or
Sustainability held by the Banking Professional
• Non-Executive Regional Affairs II (UWL II) Credit Team 4 • Senior Manager - Team Leader Communication Division principal shareholders.
Certification Institute (2023).
(Textile/Clothing) (Upp II) at PT Bank Mandiri (Persero) Tbk at the Indonesian Banking Restructuring Agency (2002).
• Level 5 Risk Management Certification held by
(February 1990 - May 1990). • Senior Manager - Team Leader Asset Management Credit Shareholding in BMRI
the Banking Professional Certification Institute
• Non-Executive Regional Affairs II (UWL II) at PT Bank Unit in the Indonesian Banking Restructuring Agency (2001 5,965,200 shares (0.0063913%) as of 31 December 2024.
(LSPP) (2021).
Mandiri (Persero) Tbk (1989 - 1990). - 2002).
• Senior Manager - Senior Officer of Asset Management
Legal Basis of Appointment
Period 1: Appointed as Director of Bank Mandiri for Affiliations Credit at the Indonesian Banking Restructuring Agency
the first period pursuant to the Extraordinary GMS on No affiliations with any members of the Board of Directors, (1998 - 2000).
21 October 2020 in accordance with the Deed of the Board of Commissioners, nor controlling or principal • Vice President - Main Branch Manager at PT Bank
Extraordinary GMS No. 16 dated 21 October 2020. shareholders. Subentra (1997 - 1998).
• Assistant Vice President - Branch Manager at PT Bank
Employment Period Shareholding in BMRI Subentra (1993 - 1997).
21 October 2020 until the closing of 2025 Annual GMS 6,082,200 shares (0.0065166%) as of 31 December 2024. • Senior Manager - Branch Manager at PT Bank Subentra
(First Period). (1992 - 1993).
PT BANK MANDIRI (PERSERO) TBK 154 155 ANNUAL REPORT 2024
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• Advance Level Treasury Dealer Certification held Education Background
by LSPP & BNSP (2019). S1 Bachelor of Business Administration in
• Level 5 (Five) Risk Management Certification - Accounting and Finance - Texas A&M University,
Cyber Security Awareness in Industry 4.0 held by USA (1988).
LSPP (2019).
Certification
Legal Basis of Appointment • Risk Management Certification Level 7
Period 1: Appointed as Director of Bank Mandiri Program held by Indonesian Risk Professional
for the first period pursuant to the resolution of Association (IPRA) (2024).
the Extraordinary GMS on 21 October 2020 in • Risk Management Certification Refreshment
accordance with the Deed of the Extraordinary Level 7 Program held by LSPP (2023).
GMS No. 16 dated 21 October 2020. • Managing Innovation Certification held by
Harvard Business Schoold, Boston (2023).
Employment Period • Risk Management Certification Refreshment
21 October 2020 until the closing of 2025 Annual Program held by LSPP (6 June 2022).
GMS (First Period). • Risk Management Certification Refreshment
Program held by LSPP (13 July 2020).
Concurrent Position • Leading Innovative Change Certification held
No concurrent positions in other companies or by UC Berkeley Executive Education (2018).
institutions. • Be The Change Certification held by Senn
Delaney Culture Shaping, New York (2017).
Sigit Prastowo Professional Background • Citi Country Officer (CCO) Certification
Director of Finance and Strategies • Director of Finance and Strategy at PT Bank Program (pre-requisite for CEO Position) held
Place and Date of Birth:
Born in Cilacap in 1971
Mandiri (Persero) Tbk (21 October 2020 - present)
• Director of Finance at PT Bank Negara Indonesia
by Sanford I Weill Center for Strategy and
Executive Development, New York (2017).
Timothy Utama
(Persero) Tbk (February 2020 - September 2020). • Banking Risk Management Level 5 Certification Director of Information Technology
53 years old as of December 2024
• Director of Finance at PT Bank DKI (July 2019 - held by Banking Profession Certification Place and Date of Birth
Domicile:
February 2020). Institute (LSPP) (2012). Born in Jakarta in 1965
Jakarta • PLT President Director at PT Bank DKI (2018 - 2019). • Senior Executive Leadership Certification held 59 years old as of December 2024
Citizenship: • Director of Finance at PT Bank DKI (2015 - 2018). by Templeton College University of Oxford, Domicile
Indonesian • Division Leader (Senior Vice President) of United Kingdom (2004). Jakarta
Budgeting and Financial Control Division at PT • Service Excellence Certification: Delivering Citizenship
Bank Negara Indonesia (Persero) Tbk (2012 - Value for Profit held by Wharton Business Indonesian
2015). School, Philadelphia (2003).
Education Background • President Commissioner of PT Inter Motor Sport • International Management Program
• Bachelor degree in Geography/Regional (2010 - 2015). Certification held by Insead (2000).
Planning from Gadjah Mada University • Deputy Head of the Financial Control Division at
(1995). PT Bank Negara Indonesia (Persero) Tbk. (2009 - Legal Basis of Appointment • Director of Operation & Technology - Bank
• Master of Management from Gadjah Mada 2012). Period 1: Appointed as Director of Bank Mandiri Permata (2010 - 2012).
University (1992). • Leader of the Performance Analysis Group of for the first period pursuant to the resolution of the • Head of Wholesale Bank Operations, Global
the Financial Control Division at PT Bank Negara Annual GMS on 15 March 2021 in accordance Shared Service Center – Standard Chartered
Certification Indonesia (Persero) Tbk (2005 - 2009). with the Minutes of the Annual GMS No. 13 dated Bank, India (2008 - 2010).
• Risk Management Certification Alignment
• Personal Assistant to the Deputy President 15 March 2021.
Program at the Board of Directors level from
Director of the Communication and Secretariat Affiliations
IRPA - Level 7 (2024).
Division at PT Bank Negara Indonesia (Persero) Employment Period No affiliations with any members of the Board of
• Banking Risk Management Refreshment
Tbk. (2003 - 2005). 15 March 2021 until the closing of 2026 Annual Directors, Board of Commissioners, nor controlling
Program from BARa Risk Forum - Level 7
• Credit Analyst and Corporate Credit Marketing GMS (First Period). or principal shareholders.
Refreshment (2023).
Analyst Communication and Secretarial Division
• Banking Risk Management Refreshment
at PT Bank Negara Indonesia (Persero) Tbk (1998 Concurrent Position Shareholding in BMRI
Program from from LSPP & BNSP - Level 5
- 2003). No concurrent positions in other companies or 7,036,600 saham (0.0075392%) as of 31 December
Refreshment (2023).
institutions. 2024.
• Advance Level Treasury Dealer Certification Affiliations
held by LSPP & BNSP (2022). No affiliations with any members of the Board of Professional Background
• Banking Risk Management Refreshment Directors, Board of Commissioners, nor controlling or • Director of Information Technology, PT Bank
Program from from LSPP & BNSP - Level 5 principal shareholders. Mandiri (Persero) Tbk (March 2021 - present).
Refreshment (2021).
• Managing Director, Head of Operations and
• Banking Risk Management Refreshment Shareholding in BMRI Technology - Citibank (2016 - 2021).
Program from the Indonesian Bankers 10,869,800 shares (0.0116462%) as of 31 December • Chief Operations and Technology Officer -
Association - Banking Competency Center 2024. Singapore Exchange (2012 - 2015).
(IBI-BCC) (2020).
PT BANK MANDIRI (PERSERO) TBK 156 157 ANNUAL REPORT 2024
Page 80
COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
Period 1: Appointed as Director of Bank Mandiri Education Background
for the first period based on the resolution of the • Bachelor in Agriculture from the University of
Annual GMS dated 14 March 2023 pursuant to the Gadjah Mada, Indonesia (1993).
Deed of Minutes of the Annual GMS No. 11 on 14
March 2023. Certification
• Risk Management Level 7 Certification held
Employment Period by LSPP (2024).
14 March 2023 until the closing of the 2028 Annual
GMS (First Period). • IIA Indonesia National Conference 2023 held
by Institute of Internal Auditors Indonesia
Concurrent Position (2023).
No concurrent positions in other companies or • Risk Management Refreshment Training Level
institutions. 7 (2023).
• Risk Management Level 5 Certification held
Professional Background by LSPP (2021).
• Director of Treasury and International Banking • Bank Internal Audit Certification for Supervisior
of PT Bank Mandiri (Persero) Tbk (14 March 2023 Level held by LSPP (2021).
– present).
• The Green Bonds and Sustainable Finance
• Group Head International Banking & Financial
Institution PT Bank Mandiri (Persero) Tbk (August Executive Program – Cohort 2 held by IFC,
2021 – March 2023). Swedia (2019).
• Deputy Group Head Treasury of PT Bank • Risk Management Level 3 Certification held
Mandiri (Persero) Tbk (October 2020 – August by LSPP (2015).
2021).
• General Manager Hong Kong Branch PT Bank Legal Basis of Appointment
Mandiri (Persero) Tbk (April 2017 – September Period 1: Appointed as Director of Bank Mandiri
Eka Fitria 2020). for the first period pursuant to the Annual GMS
Director of Treasury and International Banking • Department Head Talent Acquisition – Human resolution on 7 March 2024 according to the Deed Danis Subyantoro
Capital Services Group PT Bank Mandiri of the Annual GMS No. 03 dated 7 March 2024. Director of Risk Management
Place and Date of Birth: (Persero) Tbk (April 2015 – April 2017).
Born in Medan in 1978 Place and Date of Birth
• Department Head Reward & Performance Employment Period
46 years old as of December 2024 Management PT Bank Mandiri (Persero) Tbk Born in Sragen in 1968
7 March 2024 until the closing of 2029 Annual GMS 56 years old as of December 2024
Domicile: (January 2014 – April 2015).
(First Period).
• Chief Dealer Product Development & Alliance Domicile
Jakarta PT Bank Mandiri (Persero) Tbk (March 2012 – Jakarta
Citizenship: January 2014). Concurrent Position
No concurrent positions in other companies or Citizenship
Indonesian • Chief Dealer Cash & Liquidity PT Bank Mandiri
(Persero) Tbk (February 2012 – March 2012). institutions. Indonesian
• Officer Postgraduate Study Program (4
October 2010 – 31 January 2012). Professional Background
• Cash & Liquidity Dealer PT Bank Mandiri • Director of Risk Management at PT Bank
Education Background (Persero) Tbk (February 2008 – October 2010). Mandiri (Persero) Tbk (2024 - present).
• Master of Business Administration, IE Business • Forex Dealer PT Bank Mandiri (Persero) Tbk • Senior Executive Vice President Internal Audit
School (2010 - 2011). (May 2007 – January 2008). at PT Bank Mandiri (Persero) Tbk (2021 - 2024).
• Bachelor of Law, International Law, Universitas • Juneor PS Money Market Trading PT Bank Affiliations
• Senior Executive Vice President Wholesale Risk No affiliations with any members of the Board of
Padjajaran (1996 - 2001). Mandiri (Persero) Tbk (September 2004 – April
2007). at PT Bank Mandiri (Persero) Tbk (2020 - 2021). Directors, Board of Commissioners, nor controlling
• Customer Service Officer Medan City Hall PT • Group Head Corporate Risk at PT Bank Mandiri
Certification or principal shareholders.
• Risk Management Certification Alignment Bank Mandiri (Persero) Tbk (April 2004 – August (Persero) Tbk (2018 - 2020).
Program Level 7 held by Indonesia Risk 2004). Shareholding in BMRI
Professional Association (IRPA) (2024). • Officer Development Program PT Bank Mandiri 344,800 shares (0.0003694%) as of 31 December
• Risk Management Providing Certification (Persero) Tbk (January 2003 – April 2004). 2024.
for Level 5 Prospective Board of Directors • Associate in Adhyaksa & Co. Lawyers (May
Members (2023) 2001 – January 2003).
• Level 4 Risk Management Certification
Refreshment Program held by MAISA Affiliations
Education (2022). No affiliations with any members of the Board of
• Banking Risk Management Level 4 Certification Directors, Board of Commissioners, nor controlling
held by BNSP (2021). or principal shareholders.
• Treasury Dealer Level Advance certification
held by BNSP (2021). Shareholding in BMRI
1,197,500 shares (0.0012830%)as of 31 December
Legal Basis of Appointment 2024.
PT BANK MANDIRI (PERSERO) TBK 158 159 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
PROFILE OF THE BOARD OF DIRECTORS PROFILE OF THE BOARD OF DIRECTORS
Legal Basis of Appointment Education Background
Period 1: Appointed as Director of Bank Mandiri for • Master of Business Administration (MBA) in field of
the first period pursuant to the Annual GMS resolution Management Technology System from University of
on 7 March 2024 according to the Deed of the Annual Texas, Austin, USA (1990).
GMS No. 03 dated 7 March 2024. • Bachelor of Chemical Engineering from University of
Texas, Austin, USA (1988).
Employment Period
7 March 2024 until the closing of 2029 Annual GMS Certification
(First Period). • ERM and Cyber Security Risk Management Certification
Refresher Program: How to Mitigate and Protect held by
Concurrent Position BARa Risk Forum (2023).
No concurrent positions in other companies or • COVID Restructuring Loan Risk Management
institutions. Certification Refresher Program after Implementation of
POJK 48/2020 held by BARa Risk Forum (2021).
Professional Background • Visualizing the New Normal in Bank Lending Refresher
• Director Commercial Banking at PT Bank Mandiri Program held by BARa (2020).
(Persero) Tbk (2024 - present). • Cyber Risk Management and Financial Crime in Banking
• SEVP Commercial Banking (2020 - 2024). Industry: Get to Know More and Prepare for These
• Group Head Commercial Banking 6 (2019 - 2020). Emerging Risks Refresher Program held by BARa (2018).
• Group Head Middle Corporate 6 (2018 - 2019) • Tapping Potential Opportunities in Indonesian
• Executive Business Officer - B Commercial Banking Sustainable Palm Oil Industry Refresher Program held by
(2017 - 2018). BARa (2018).
• Group Head Commercial Banking 3 (2017). • Risk Management Certification Refesher Program held
• Executive Business Officer - B Commercial Banking by Bara Risk Forum (2017).
(2016 - 2017). • Risk Management Certification Level 5 held by Lembaga
• Regional Wholesale Head VIII Surabaya, Regional Sertifikasi Profesi Perbankan (LSPP) (2015).
Totok Priyambodo Commercial Sales Group (2015 - 2016). Ahmad Siddik Badruddin*
Director of Commercial Banking • Commercial Banking Center Manager Surabaya Legal Basis of Appointment Director of Risk Management
Basuki Rahmat, Regional Commercial Sales Group • Period 1: Appointed as Director of Bank Mandiri for the Place and Date of Birth
Place and Date of Birth: (2014 - 2015). first period pursuant to the Annual GMS resolution on 16 Born in Bandung in 1965
Born in Surabaya in 1974 • Commercial Banking Manager Batam (2011 - March 2015 according to the Deed of the Annual GMS
2014). No. 14 dated 16 March 2015. 59 years old as of December 2024
50 years old as of December 2024
Domicile: • Team Leader Commercial Banking Pekanbaru • Period 2: Reappointed as Vice President Director of Bank Domicile
Floor Batam (2008 - 2011). Mandiri pursuant to the resolution of the Annual GMS on Jakarta
Jakarta 19 February 2020 according to the Deed of the Annual
• Senior Relationship Manager Commercial Banking Citizenship
Citizenship: Bandung Center (2006 - 2008). GMS No. 56 dated 19 February 2023. Indonesian
Indonesian • Credit Analyst Commercial Banking Center
Bandung (2004 - 2006). Employment Period
• 16 March 2015 until the closing of 2020 Annual GMS (First
Affiliations Period). • Head of Risk Management at ABN AMRO Bank,
No affiliations with any members of the Board of • 19 February 2020 until the closing of 2025 Annual GMS Hong Kong (1999 - 2001).
Education Background Directors, Board of Commissioners, nor controlling or (Second Period). • Retail Bank Risk Director of Global Consumer Bank
Bachelor in Civil Engineering from the Institute of principal shareholders. (VP) at Citibank, Jakarta (1997 - 1998).
Technology Bandung, Indonesia (1997). Concurrent Position • Regional Risk Officer of Global Consumer Bank
Shareholding in BMRI No concurrent positions in other companies or institutions. (AVP) at Citibank, Singapura (1995-1997).
Certification 370,000 shares (0.0003964%) as of 31 December 2024. • Management Associate at Citibank, Jakarta
• Risk Management Level 7 Certification held by Professional Background (1990 - 1995).
LSPP (2024). • Director of Risk Management at PT Bank Mandiri(Persero)
• International Risk Management & Wealth Tbk (March 2018 - January 2024). Affiliations
Management Refreshment held by LSPP (2022) • Director of Risk Management and Compliance PT Bank No affiliations with any members of the Board of
• Analystics Project Finance Masterclass held by Mandiri (Persero) Tbk (2015 - March 2018). Directors, Board of Commissioners, nor controlling or
Moodys, Singapore (2020). • SEVP Retail Chief Risk Officer PT Bank Mandiri (Persero) Tbk principal shareholders.
• Commercial and Corporate Credit Analysis (2014 - 2015).
held by Fitch Learning, London (2018). • Managing Director Global Unsecured Product Risk Shareholding in BMRI
• Risk Management Level 4 Certification held by Management at Citibank, New York (2011 - 2014). 8.715.900 shares (0,0093385%) as of 31 January 2024.
LSPP (2015). • Managing Director Regional Senior Credit Officer for
• Risk Management Certification held by LSPP Central & Eastern Europe and Middle East Africa Region
(2010). at Citibank, London (2008 - 2011).
• Country Risk Director and Deputy Country Risk Director at
Citibank, Germany (2004 - 2008).
• Country Risk Director at Citibank, Philippines (2001- 2004).
*) The term of office ends as of the date of appointment as Director of Risk Management at PT Pertamina (Persero)
as of 31 January 2024.
PT BANK MANDIRI (PERSERO) TBK 160 PT BANK MANDIRI (PERSERO) TBK 161161 ANNUAL REPORT 2024
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COMPANY PROFILE
PROFILE OF THE BOARD OF DIRECTORS
PROFILE OF EXECUTIVES
PROFILE OF THE BOARD OF DIRECTORS
Concurrent Position
No concurrent positions in other companies or
SENIOR EXECUTIVE VICE PRESIDENT
institutions.
Professional Background
• Director of Corporate Banking at PT Bank
Mandiri (Persero) Tbk. (21 October 2020 -
present).
• Senior Executive Vice President Wholesale Risk
at PT Bank Mandiri (Persero) Tbk (8 September
2020 - 20 October 2020).
• Senior Executive Vice President of Commercial Arief Ariyana Mochamad
Banking at PT Bank Mandiri (Persero) Tbk Senior Executive
Rizaldi
(February 2020 - September 2020). Vice President/
Senior Executive
• Group Head of Corporate Banking 5 at PT Bank SEVP Special Asset
Vice President/SEVP
Mandiri (Persero) Tbk (2017 - 2020). Management
Corporate Banking
• Executive Business Officer - B Corporate
Banking at PT Bank Mandiri (Persero) Tbk (2016
- 2017).
• Department Head of Sector Commodities
Trading 1 at PT Bank Mandiri (Persero) Tbk
(January 2016 - April 2016). Place and Date of Birth Place and Date of Birth
• Department Head of the Media & Technology Born in Denpasar in 1966, 58 years old as of December Born in Jambi in 1981, 43 years old as of December
Susana Indah K. Indriati* Sector at PT Bank Mandiri (Persero) Tbk (2015 2024. 2024.
Director of Corporate Banking - 2016).
Place and Date of Birth: • Department Head of Multinational Company Citizenship: Indonesian. Citizenship: Indonesian.
at PT Bank Mandiri (Persero) Tbk (2010 - 2015).
Born in Semarang in 1965 • Senior Account Manager Department II at Domicile: Jakarta. Domicile: Tangerang.
59 years old as of December 2024 PT Bank Mandiri (Persero) Tbk (2007 - 2010).
Domicile: • Relationship Manager VIII Relationship VIII at
Education Background Education Background
PT Bank Mandiri (Persero) Tbk (2005 - 2007).
Jakarta Obtained Bachelor in Business Management Science Obtained Bachelor Degree in Informatics & Computer
• Credit Analyst Corporate Relationship I at
Citizenship: PT Bank Mandiri (Persero) Tbk (2003 - 2004).
from the University of New York, Plattsburg, United Engineering from the Institute of Technology Bandung,
States (1992). Indonesia (2004).
Indonesian • Credit Analyst for Corporate Relationship
Management at PT Bank Mandiri (Persero) Tbk
(2001 - 2003). Legal Basis of Appointment Legal Basis of Appointment
Serves as SEVP Special Asset Management based on Serves as SEVP Corporate Banking based on the Board
• Officer Corporate Banking at PT Bank Mandiri
the Board of Directors’ Decree No. KEP.DIR/054/2023 of Directors’ Decree No. KEP.DIR/055/2023 dated 22
(Persero) Tbk (June 2001 - August 2001).
dated 22 December 2023. December 2024
• Officer Crew: Loan Workout I Group II at
Education Background PT Bank Mandiri (Persero) Tbk (November 2000
Bachelor of Economic Management from - June 2001). Professional Background Professional Background
Universitas Diponegoro (1990). • Officer Crew: Loan Workout I Group 3 at PT Joined Bank Mandiri in 2020 as SEVP Corporate Joined Bank Mandiri in 2004 as Credit Analyst
Bank Mandiri (Persero) Tbk (May 2000 - October Banking. Commercial Banking Center Banjarmasin.
Certification 2000). Shareholding in BMRI
Risk Management Certification Level 5 held by Shareholding in BMRI
249,000 shares (0.0002668%) as of 31 December 2024.
Lembaga Sertifikasi Profesi Perbankan (LSPP)
Affiliations 389,100 shares (0.000416893%) as of 31 December
(2020). 2024.
No affiliations with any members of the Board of
Directors, Board of Commissioners, nor controlling
Legal Basis of Appointment or principal shareholders.
Appointed as Vice President Director of
Bank Mandiri based on the resolution of the
Shareholding in BMRI
Extraordinary GMS on 21 October 2020 according
6,150,000 shares (0.0065893%) as of 29 February
to the Deed of the Extraordinary GMS No. 16
2024.
dated 21 October 2020.
Employment Period
21 October 2020 until the closing of 2025 Annual
GMS (First Period).
*) Ended his tenure effective as of the Annual GMS dated 07 March 2024.
PT BANK MANDIRI (PERSERO) TBK 162 163 ANNUAL REPORT 2024
Page 83
COMPANY PROFILE
PROFILE OF EXECUTIVES PROFILE OF EXECUTIVES
Daniel Setiawan Sunarto Xie Abu Santosa Sudradjat
Adi Pranantias
Senior Executive Subianto Senior Executive Vice Senior Executive Vice
Vice President/SEVP Senior Executive Vice President/SEVP Digital President/SEVP International
Internal Audit President/SEVP Teknologi Banking Banking & Financial
Informasi Institutions
Place and Date of Birth Place and Date of Birth Place and Date of Birth Place and Date of Birth
Born in Malang in 1967, 57 years old as of December Born in Jakarta in 1974, 50 years old as of December Born in Tanjung Balai in 1982, 42 years old as of Born in Sukabumi in 1969, 55 years old as of December
2024. 2024. December 2024. 2024.
Citizenship: Indonesian. Citizenship: Indonesian. Citizenship: Indonesian. Citizenship: Indonesian.
Domicile: Jakarta. Domicile : Tangerang. Domicile : Jakarta. Domicile: Jakarta.
Education Background Education Background Education Background Education Background
Obtained Bachelor Degree in Informatics & Computer Obtained Bachelor Degree in Computer Engineering Obtained Bachelor in Computer Science from the Bina Obtained Magister Degree in M.B.A (Master In Business
Engineering from the Institute of Technology Bandung, from the STMIK Bina Nusantara, Indonesia (1997). Nusantara University, Indonesia (2004) and Master in Management) from Southeastern University (1997).
Indonesia (2004). Master in Business Administration from Tepper School
of Business, Carnegie Mellon University, Pittsburg, US
Legal Basis of Appointment Legal Basis of Appointment
Legal Basis of Appointment Serves as SEVP Information Technology based on
(2013).
Serves as SEVP International Banking & Financial
Serves as SEVP Internal Audit based on the Board of the Board of Directors’ Decree No. KEP.DIR/046/2022 Institutions based on the Board of Directors’ Decree
Directors’ Decree No. KEP.DIR/013/2024 dated 20 dated 22 December 2022. Legal Basis of Appointment No. KEP. DIR/036/2023 dated 26 September 2023.
March 2024. Serves as SEVP Digital Banking based on the Board
of Directors’ Decree No. KEP.DIR/037/2023 dated 25
Professional Background Professional Background
Professional Background Joined Bank Mandiri in 2016 as Department Head IT
September 2023.
Joined Bank Mandiri in 2016 as Senior Vice President in
Joined Bank Mandiri in 2004 as Credit Analyst Business Partner 4 of IT Strategy & Architecture Group. Bank Mandiri Head Office, Jakarta.
Commercial Banking Center Banjarmasin. Professional Background
Joined Bank Mandiri in 2005 as Assistant Manager I&T
Shareholding in BMRI Shareholding in BMRI
Shareholding in BMRI 100,000 shares (0.000107143%) as of 31 December
Planning Security.
211,400 share (0.0002265%) as of 31 December 2024.
100,000 shares (0.000107143%) as of 31 December 2024.
2024. Shareholding in BMRI
Nil as of 31 December 2024.
PT BANK MANDIRI (PERSERO) TBK 164 165 ANNUAL REPORT 2024
Page 84
COMPANY PROFILE
PROFILE OF EXECUTIVES PROFILE OF EXECUTIVES
Saptari Wildan Sanjoyo Frans Gunawan M. Wisnu
Senior Executive Senior Executive L. Tobing Trihanggodo
Vice President/SEVP Vice President/SEVP Senior Executive Senior Executive
Micro & Consumer Wholesale Risk Vice President/SEVP Vice President/SEVP
Finance Commercial Banking Corporate Relations
Place and Date of Birth Place and Date of Birth Place and Date of Birth Place and Date of Birth
Born in Bekasi in 1969, 55 years old as of December Born in Malang in 1981, 43 years old as of December Born in Parbubu in 1970, 54 years old as of December Born in Jakarta in 1974, 50 years old as of December
2024. 2024. 2024. 2024.
Citizenship: Indonesian. Citizenship: Indonesian. Citizenship: Indonesian. Citizenship: Indonesian.
Domicile: Jakarta. Domicile: Jakarta. Domicile: Jakarta. Domicile: Jakarta.
Education Background Education Background Education Background Education Background
Obtained Bachelor in Economic from Universitas Gajah Obtained Bachelor Degree in Economic Management Obtained Magister Degree in M.M (Master of Obtained Bachelor Degree Industrial Engineering
Mada (1994). from STIE Perbanas Surabaya. Management) from University of Indonesia (2001). from Trisakti University (1998) and Master Degree in
International Business from Monash University (2001).
Legal Basis of Appointment Legal Basis of Appointment Legal Basis of Appointment
Serves as SEVP Micro & Consumer Finance based on Serves as SEVP Wholesale Risk based on the Board of Serves as SEVP Commercial Banking based on the Legal Basis of Appointment
the Board of Directors’ Decree No. KEP.DIR/056/2023 Directors’ Decree No. KEP.DIR/020/2024 dated 16 April Board of Directors’ Decree No. KEP.DIR/021/2024 Serves as SEVP Corporate Relations based on the
dated 22 December 2023. 2024. dated 16 April 2024. Board of Directors’ Decree No. KEP.DIR/064/2024
dated 31 October 2024.
Professional Background Professional Background Professional Background
Joined Bank Mandiri in 1995 as Assistant Manager in Joined Bank Mandiri in 2011 as Temporary Assignment Joined Bank Mandiri in 1996 as Senior Clerk in Region VI Professional Background
Branch Ujung Pandang. Officer. DKI 4 Branch Jakarta Jatinegara. Joined Bank Mandiri in 2005 as Senior Relationship
Manager: PM-CARD ACQUISITION Consumer Card
Shareholding in BMRI Shareholding in BMRI Shareholding in BMRI Group.
100,064 shares (0.000107211%) as of 31 December 204,500 share (0.000219107%) as of 31 December 948,148 shares (0.001015873%) as of 31 December
2024. 2024. 2024. Shareholding in BMRI
Nil as of 31 December 2024.
PT BANK MANDIRI (PERSERO) TBK 166 167 ANNUAL REPORT 2024
Page 85
COMPANY PROFILE
GROUP HEAD AND/OR GROUP HEAD AND/OR EQUIVALENTS LEVELS
EQUIVALENTS LEVELS
WORK UNITS HEAD OF UNITS WORK UNITS HEAD OF UNITS
Under the Supervision of President Director Commercial Banking
Region I /Sumatera 1 M. Ashidiq iswara Commercial Banking 1 Group Muhammad Machmuddin
Region II/Sumatera 2 Azahari fikri Commercial Banking 2 Group Ferdianto Munir
Region III/Jakarta 1 Gede raka arimbawa Commercial Banking 3 Group Jeffry Vernando Bustam
Region IV/Jakarta 2 Jan Winston Tambunan Commercial Banking 4 Group Achmad Nu'man Annafis
Region V/Jakarta 3 Lourentius Aris Budiyanto Commercial Banking 5 Group Joni
Region VI/Jawa 1 Nila mayta dwi rihandjani Commercial Banking 6 Group Bayu Kristanto
Region VII/Jawa 2 Iwan Tri Imawan Commercial Solution Group Ade Arief Mochtar
Region VIII/Jawa 3 Hendra Wahyudi Executive Business Officer Hamzah Syawaludin
Region IX/Kalimantan Ferry Kurnia Budianto Executive Business Officer Heru Eko Prasetyo
Region X/Sulawesi & Maluku Atta Alva Wanggai Executive Relationship Officer Anggi Mutiara
Region XI/Bali & Nusa Tenggara Winardi Legowo Institutional Relations
Region XII/Papua Wisnu Jatmiko Government & Institutional 1 Group Dadang Ramadhan P.
IT Audit Group Deni Hendra Permana Government & Institutional 2 Group Trilaksito Singgih Hudanendra
Retail Audit Group Ade Hasballah Abdullah Government Solution Group Aland Rinny Patity
Wholesale & Corporate Center Audit Group Mindha Erdismina Corporate Real Estate Group Koga Husin
Senior Investigator Asep Syaeful Rochman Government Project 1 -
Corporate Secretary Group - Government Project 3 Hendrianto Setiawan
Enterprise Legal - Executive Relationship Officer Ita Setyawati
Under the Supervision of Vice President Director Executive Relationship Officer Titik Mustikasari
Environmental, Social, & Governance Group Citra Amelya Treasury & International Banking
Digital Marketing Group Serlina Sari Wijaya Treasury Group Firman Nugraha
Special Asset Management 1 Group Faiz Firdausi Financial Institutions Banking Group -
Special Asset Management 2 Group Prihanto Herbowo Transaction Banking Wholesale Group Fauziah Anna
Special Asset Management 3 Group Chandra Strategic Procurement Group Danang Kuantana Cahya Kusuma
Legal Group Dedy Teguh Krisnawan Office of Chief Economist Group Andry Asmoro
Executive Business Officer B Nur Susilo Wibowo Overseas Banking Network Group Venda Yuniarti
Executive Business Officer B M. Ali Said Risk Management
Executive Business Officer B Bambang Saefudin Market Risk Group Bily Arkan
Executive Legal Litigation Eman Suherman Operational Risk Group Adityo Wicaksono
Executive Legal Litigation Ilham Soetansah Credit Portfolio Risk Group Alfanendya Safudi
Corporate Banking Policy & Procedure Group Mardiana
Corporate Banking 1 Group Nina Sukanti Ekawati Consumer Credit Risk & Analytics Group Reza Adriansyah
Corporate Banking 2 Group Eerwin Khristianto SME & Micro Risk Group Deru Widyarto
Corporate Banking 3 Group Helmy Afrisa Nugroho Retail Collection & Recovery Group Kurnia Utama Hasibuan
Corporate Banking 4 Group - Data Protection & Fraud Risk Group Upik Trisda Leawaty
Corporate Banking 5 Group Midian Samosir Corporate Risk 1 Group Eny Kurniasih M. Mukarromah
Corporate Banking 6 Group Budi Purwanto Corporate Risk 2 Group Yandril
Senior Operational Risk Wholesale Banking Jhon R.H. Pangaribuan Commercial Risk 1 Group Athur Donald Hutagaol
Corporate Solution Group Dolly Roza Evelina Pasaribu Commercial Risk 2 Group Estiningsih
Executive Business Officer Hamzah Syawaludin Executive Credit Officer - Kategori A Budi Kurniawan
Executive Business Officer Heru Eko Prasetyo Executive Credit Officer - Kategori A Aried Riadi Bakri
Executive Credit Officer - Kategori A Iswandi
Executive Credit Officer - Kategori B Andry Yusuf
Executive Credit Officer - Kategori B Nurul Akhsani Sulistyawati
Executive Credit Officer - Kategori B Pangondian Omarmubarak Pasaribu
Executive Credit Officer - Kategori B Herudi Purnama
Executive Credit Officer - Kategori B I Komang Sugiartha
Executive Credit Officer - Kategori B Dyota Mahoedara
Executive Credit Officer - Kategori B Ferry Tobing
Executive Credit Officer - Kategori B Rommy Syailendra
PT BANK MANDIRI (PERSERO) TBK 168 169 ANNUAL REPORT 2024
Page 86
COMPANY PROFILE
GROUP HEAD AND/OR EQUIVALENTS LEVELS GROUP HEAD AND/OR EQUIVALENTS LEVELS
WORK UNITS HEAD OF UNITS WORK UNITS HEAD OF UNITS
Executive Credit Officer - Kategori B Tjahjadi Harlianto Finance & Strategy
Executive Credit Officer - Kategori B Meb Rullyna Maharani Strategy & Performance Management Group Antonius Kunta Widyatmaka
Accounting Group Freddy Kurnianto
Executive Credit Officer - Kategori B Masyuda Derita
Investor Relations Group Laurensius Teiseran
Executive Credit Officer - Kategori B Alvijanti RahaJunengsih Strategic Investment & Subsidiaries Management Indra Soaloon Situmorang
Executive Credit Officer - Kategori B Maria Nuringati Group
Operation Business Transformation Thontowy Jauhari
Wholesale Credit Operations Group Sugiharto Corporate Transformation Minette Rivelina
Retail Credit Operations Group Firman Wahyudi Senior Operational Risk Corporate Center Syafelda Indrayuni
Retail Credit Center Group Prasetyo Mahanani Network & Retail Banking
Cash & Trade Operation Group Yuda Nurseta Dewi Small Medium Enterprise Group Alexander Dippo P.J.S.
Electronic Channel Operations Group Dimas Ardianto Wealth Management Group Ursula Sista Pravesthi
Customer Care Group Asih Samihadi Distribution Strategy Group Ashraf Farahnaz
Business Continuity Management Group I Made Wahyu Arjaya Transaction Banking Retail Sales Group Erin Young
Senior Operational Risk Operation Rori Achir Retail Deposit Product & Solution Group Evi Dempowati
Information Technology Micro Development & Agent Banking Group Muhamad Gumilang M
Digital Retail Banking Group Yanto Masyap Micro Personal Loan Group Rheyna Anggun Marnala
Digital Wholesale Banking Group Bernardus Dwi Budi Prasetyo Credit Cards Group Agus Hendra Purnama
IT Strategy & Architecture Group Herdiana Achdan Consumer Loans Group Dessy Wahyuni
IT Infrastructure Group Susila Hardiyantono Senior Operational Risk Distribution & Consumer Tina Setiawati Sentoso
Head of Engineering Rambabu Achanta
IT Applications Support Group Abdurachman
IT Digital Channel Delivery Group Ferry Hidayat
IT Application Delivery Group Fajar Anggoro
Enterprise Data Analytics Group Kurnia Sofia Rosyada
Senior Operational Risk Information Technology Wafdan Metha Firdaus
Compliance & HR
Compliance & AML-CFT Julyser Sigalingging
Human Capital Strategy & Talent Management Handi Kurniawan
Group
Human Capital Services Group Putu Dewi Prasthiani
Mandiri University Group Dindin Rosyidin
Human Capital Engagement & Outsource Man- M Yan Chaidir
agement Group
Human Capital Performance & Remuneration Votivia Mardinna
Group
Senior HCBP Distribution & Retail Banking Hendro Subekti
Senior HCBP Wholesale Banking Rasbianto Hidajat
Senior HCBP Supporting Sapri
Improvement Project Nurulloh Priyo Sembodo
Improvement Project Eka Fitria
Improvement Project Dini Isnarti
Improvement Project Muhamad Sudrajat
Improvement Project Lugiyem
Improvement Project Sriyani Puspa Kinasih
Improvement Project Rudi As' Aturridha
Improvement Project Ita Tetralastwati
Improvement Project Ferry Muhammad Robbani
Improvement Project Bugi Riagandhy
Improvement Project Ignatius Susatyo Wijoyo
PT BANK MANDIRI (PERSERO) TBK 170 171 ANNUAL REPORT 2024
Page 87
COMPANY PROFILE
EMPLOYEE DEMOGRAPHICS EMPLOYEE DEMOGRAPHICS
Employee by Organization Level Employee by Generation
2024 2023 2024 2023
Description Description
Male Female Total Male Female Total Male Female Total Male Female Total
Senior Executive Vice President Gen X 3,482 2,826 6,308 4,060 3,202 7,262
(SEVP), Executive Vice President 113 34 147 116 33 149 Gen Y 10,633 11,974 22,607 10,924 12,587 23,511
(EVP), Senior Vice President (SVP)
Gen Z 4,390 5,569 9,959 3,582 4,585 8,167
Vice President (VP), Assistant Vice 2,684 1,512 4,196 2,583 1,431 4,014
Total 18,505 20,369 38,874 18,566 20,374 38,940
Manager* 7,018 6,722 13,740 7,129 6,769 13,898
Staff 8,586 12,101 20,687 8,593 12,141 20,734
Lain-lain 104 - 104 145 - 145 Employee by Tenure
Total 18,505 20,369 38,874 18,566 20,374 38,940
*) Managers are employees with organizational levels of assistant manager, manager, first senior manager and senior manager 2024 2023
Description
Male Female Total Male Female Total
<3 Years 3,229 3,649 6,878 3,024 3,279 6,303
Employee by Employment Status
3-5 Years 1,972 1,789 3,761 2,741 2,952 5,693
6-10 Years 5,231 6,220 6,220 5,440 6,292 11,732
2024 2023
Description 11-15 Years 4,731 5,345 10,076 3,877 4,479 8,356
Male Female Total Male Female Total
16-20 Years 1,367 1,497 2,864 1,154 1,436 2,590
Doctoral Degree 12 1 13 11 2 13
21-25 Years 333 828 1,161 353 726 1,079
Master Degree 1,189 770 1,959 1,194 730 1,924
26-30 Years 1,284 827 2,111 1,428 910 2,338
Bachelor Degree and equivalent 16,188 18,337 34,495 16,038 18,342 34,380
>30 Years 358 214 572 549 300 849
Diploma 512 973 1,485 588 1,130 1,718
Total 18,505 20,369 38,874 18,566 20,374 38,940
Senior High School 599 119 718 725 170 895
Juneor High School 5 - 5 10 - 10
Primary School - - - - - - Employee by Tenure
Total 18,505 20,369 38,874 18,566 20,374 38,940
2024 2023
Description
Male Female Total Male Female Total
Employee by Employment Status
Kriya Mandiri Participant with
51 16 67 46 12 58
Disability
2024 2023 Total 51 16 67 46 12 58
Description
Male Female Total Male Female Total
Permanent Employee 16,616 17,590 34,206 16,601 17,762 34,363
Non-Permanent Employee
1,713 2,636 4,349 1,721 2,416 4,137
(contract)
Trainee 176 143 319 244 196 440
Total 18,505 20,369 38,874 18,566 20,374 38,940
Employee by Age
2024 2023
Description
Male Female Total Male Female Total
20-24 Years old 1,245 1,714 2,959 1,116 1,528 2,644
25-29 Years old 3,159 3,867 7,026 3,274 4,201 7,475
30-34 Years old 5,325 6,825 12,150 5,936 7,293 13,229
35-39 Years old 4,148 4,128 8,276 3,441 3,501 6,942
40-44 Years old 1,880 1,804 3,684 1,833 1,824 3,657
45-49 Years old 1,055 965 2,020 990 875 1,865
50-54 Years old 1,418 915 2,333 1,612 979 2,591
>54 Years old 275 151 426 364 173 537
Total 18,505 20,369 38,874 18,566 20,374 38,940
PT BANK MANDIRI (PERSERO) TBK 172 173 ANNUAL REPORT 2024
Page 88
COMPANY PROFILE
EMPLOYEES COMPETENCE EMPLOYEES COMPETENCE DEVELOPMENT
DEVELOPMENT
To enhance employee competencies and employees to take on key management positions Competencies Development by Job Level
achieve global competitiveness, Bank Mandiri has within the Bank.
implemented a series of continuous development Number of Training Participants
initiatives aimed at developing exceptional talent. Bank Mandiri’s Talent Management and Employee Level
2024 2023
The focus on improving employee competencies Succession Strategy is structured around the Commissioner 10 12
aligns with the importance of comprehensive Mandirian Propeller framework, which comprises
Director 12 12
career development. five key elements: Technical Capability, Leadership
SEVP - SVP 154 158
Capability, Culture, Learning Agility, and Purpose. VP - AVP 4,120 3,965
Employee Career Development This framework serves as the foundation for talent SM - FAM 13,993 13,822
Bank Mandiri’s approach to employee development, ensuring that all five aspects are Operative 19,659 19,751
career development is based on the Talent implemented in a balanced and comprehensive Non-Operative 55 59
Management and Succession program, founded manner. Pension/ Terminated 2,032 1,738
on the principle of fair opportunity. This ensures Grand Total 40,035 39,517
that every employee has an equal chance For a detailed overview of HR development
to grow and advance while considering the initiatives, please refer to the Human Capital
Bank’s needs, individual capabilities, employee Chapter of this Annual Report. Days and Hours spent for the Training Programs (Man Hour)
performance appraisals, employee potential,
talent classification, position, and other relevant Number of Training Sum of Training Duration Average Training Hours
factors. The program is designed to prepare Employee Level Participants (hours per Employee
2024 2023 2024 2023 2024 2023
Female 20,916 20,623 2,140,788 2,664,804 102,4 124,4
Competencies Development by Program Male 19,119 18,894 2,175,159 2,674,432 113,8 136,6
Grand Total 40,035 39,517 4,315,947 5,339,236 107,8 130,2
2024 2023
Enhancement Programs
Batch Participants Batch Participants Number of Training Sum of Training Duration Average Training Hours per
Leadership Development Program Employee Level Participants (hours) Employee
Officer Development Program 27 827 21 640 2024 2023 2024 2023 2024 2023
Staff Development Program 19 611 16 568 Commissioner 10 12 179 1,008 17.9 77.5
SESPIBANK Program 2 3 1 1 Director 12 12 70 146 6.3 12.2
Mandiri People Manager (MPM) Fundamental 3 74 2 615 SEVP - SVP 154 158 9,532 15,558 61.9 90.5
Mandiri People Manager (MPM) Executive 1 208 0 0 VP - AVP 4,120 3,965 533,885 807,516 129.6 202.6
Mandiri People Manager (MPM) Mastery 1 801 3 81 SM - FAM 13,993 13,822 1,947,625 2,553,630 139.2 184.2
Mandiri Advanced Leaders (MALP) Program 2 59 2 65 Operative 19,659 19,751 1,743,310 1,839,932 88.7 88.5
Mandiri Advanced First Leaders Program (MAFLP) 10 500 5 364 Non-Operative 55 59 649 808 11.8 9.2
Mandiri Executive Leaders Program (MAELP) 15 15 5 14 Pension/ Terminated 2,032 1,738 80,698 120,638 39.7 58.0
S2 Program 3 51 2 73 Grand Total 40,035 39,517 4,315,947 5,339,236 107.8 130.2
Women Leadership Program - - 2 280
Other Leaderships 65 9,670 58 6,259
Technical Development Programs 2,839 168,292 2,718 300,228
E-learning & Podcast 9,071 768,204 3,369 483,598
PT BANK MANDIRI (PERSERO) TBK 174 175 ANNUAL REPORT 2024
Page 89
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
20 LARGEST SHAREHOLDERS’ COMPOSITION AS OF 1 JANUARY 2024 & 31 DECEMBER 2024
SHAREHOLDERS COMPOSITION AS OF DECEMBER 2024 AS OF 1 JANUARY 2024 & 31 DECEMBER
2024 & PER CLASSIFICATION 1 January 2024 (Initial Opening of Stock Trading)
Shareholding
No. Shareholding Status Total Shares
1 January 2024 (Initial Opening of Stock Trading) (%)
GOVERNMENT OF THE REPUBLIC OF Government of the
Number of 1 48,533,333,334 52.0000000
Shareholding Total Shares Shareholding (%) INDONESIA Republic of Indonesia
Shareholders
2 INDONESIA INVESTMENT AUTHORITY Cooperatives 7,466,666,666 8.0000000
NATIONAL
JPMSE LUX RE UCITS CLT RE-SCHRODER
Government of the Republic of Indonesia 1 48,533,333,334 52.00000 3 Cooperatives 1,056,088,400 1.1315232
INTERNATIONAL SELECTION FUND
Individual 109,226 1,303,295,159 1.39639 BBH BOSTON S/A GQG PARTNERS Foreign Business
4 873,025,974 0.9353849
Cooperatives 12 7,470,156,246 8.00374 EMERGING MARKETS EQUITY FUND Entity
Foundations 28 84,783,308 0.09084 CITIBANK SINGAPORE S/A GOVERNMENT Foreign Business
5 866,033,828 0.9278933
Pension Fund 123 767,082,132 0.82187 OF SINGAPORE Entity
Insurance 178 1,930,265,320 2.06814 JPMCB NA RE-EUROPACIFIC GROWTH Foreign Business
6 747,450,700 0.8008400
FUND Entity
Banks 7 60,076,356 0.06437
JPMSE AMS RE AIF CLT RE-STICHTING
Limited Liability Company 199 97,795,808 0.10478 Foreign Business
7 DEPOSITARY APG EMERGING MARKETS 654,860,090 0.7016358
Government Institutions 0 0 0 Entity
EQUITY POOL
Mutual Funds 309 1,759,904,423 1.88561 JPMCB NA RE-VANGUARD TOTAL Foreign Business
Sub Total 110,083 62,006,692,086 66.43574 8 602,985,150 0.6460555
INTERNATIONAL STOCK INDEX FUND Entity
FOREIGN JPMCB NA RE - VANGUARD EMERGING Foreign Business
9 599,184,850 0.6419837
Foreign Individual 252 3,255,152 0.00349 MARKETS STOCK INDEX FUND Entity
Foreign Business Entity 1,985 31,323,386,094 33.56077 Foreign Business
10 JPMCB NA RE-NEW WORLD FUND,INC 582,230,300 0.6238181
Sub Total Entity
2,237 31,326,641,246 33.56426
BNYM RE BNYMLB RE EMPLOYEES Foreign Business
Total 112,320 93,333,333,332 100.00 11 473,609,000 0.5074382
PROVIDENTFDBOARD-2039927326 Entity
STATE STREET BANK-ISHARES CORE MSCI Foreign Business
31 December 2024 12 345,111,400 0.3697622
EMERGING MARKETS ETF Entity
Number of BNYMSANV RE BNYM RE PEOPLE'S BANK OF Foreign Business
NATIONAL Total Shares Shareholding (%) 13 317,453,100 0.3401283
Shareholders CHINA-2039845393 Entity
Government of the Republic of Indonesia Foreign Business
14 THE BANK OF NEW YORK MELLON DR 301,015,640 0.3225167
Individual 1 48,533,333,334 52.00000 Entity
Cooperatives 191,375 2,069,762,877 2.21760 JPMCB NA RE-VANGUARD FIDUCIARY
Foreign Business
Foundations 9 7,469,920,766 8.00349 15 TRUST COMPANY INSTITUTIONAL TOTAL 287,642,536 0.3081884
Entity
INTERNATIONAL S
Pension Fund 40 79,958,908 0.08567
HSBC BK PLC S/A THE PRUDENTIAL Foreign Business
Insurance 138 893,575,260 0.95740 16 265,095,500 0.2840308
ASSURANCE CO LTD Entity
Banks 189 1,346,002,456 1.44215
JPMCB NA RE - BLACKROCK INST TR CO N Foreign Business
Limited Liability Company 11 59,342,848 0.06358 17 260,248,762 0.2788379
AI Entity
Government Institutions 348 196,715,431 0.21077 Foreign Business
18 THE BANK OF NEW YORK MELLON DR 250,808,360 0.2687232
Mutual Funds 0 0 0 Entity
Sub Total 315 1,401,906,169 1.50204 Foreign Business
19 MLI GEF ACCOUNT CLIENT GENERAL 249,669,500 0.2675030
FOREIGN 192,426 62,050,518,049 66.48270 Entity
Foreign Individual 20 PT. PRUDENTIAL LIFE ASSURANCE - REF Insurance 237,775,436 0.2547593
Foreign Business Entity 309 6,329,608 0.00349
Sub Total 1,974 31,276,485,675 33.56077
Total 2.,283 31,282,815,283 33.56426
Total 194,709 93,333,333,332 100.00
PT BANK MANDIRI (PERSERO) TBK 176 177 ANNUAL REPORT 2024
Page 90
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
31 December 2024 31 December 2024
Shareholding Shareholders Number of Shares Shareholding (%)
No. Shareholding Status Total Shares
(%) Government of the Republic of Indonesia 48,533,333,334 52,0000000
GOVERNMENT OF THE REPUBLIC OF Government of the Indonesia Investment Authority 7,466,666,666 8,000
1 48,533,333,334 52.0000000
INDONESIA Republic of Indonesia
2 INDONESIA INVESTMENT AUTHORITY Cooperatives 7,466,666,666 8.0000000
BBH BOSTON S/A GQG PARTNERS Foreign Business
3
EMERGING MAR Entity
1,354,654,674 1.4514157 PUBLIC SHAREHOLDING LESS THAN 5% AS OF 1 JANUARY 2024 & 31 DECEMBER 2024
Foreign Business
4 JPMCB NA RE-NEW WORLD FUND,INC 1,267,307,211 1.3578291
Entity 1 January 2024 (Initial Opening of Stock Trading)
JPMSE LUX RE UCITS CLT RE-SCHRODER Foreign Business
5 935,959,400 1.0028136 Shareholding Total Shareholders Total Shares Shareholding (%)
INTER Entity
JPMCB NA RE-EUROPACIFIC GROWTH Foreign Business NATIONAL
6 842,.822,.091 0.9030236
FUND Entity Individual 109,226 1,303,295,159 1.39639
BNYM RE BNYMLB RE EMPLOYEES Foreign Business Cooperatives 11 3,489,580 0.00374
7 841,881,400 0.9020157
PROVIDENTFD Entity Foundations 28 84,783,308 0.09084
CITIBANK SINGAPORE S/A GOVERNMENT Foreign Business Pension Fund 123 767,082,132 0.82187
8 738,856,528 0.7916319
OF SINGAPORE Entity
Insurance 178 1,930,265,320 2.06814
JPMCB NA RE-VANGUARD TOTAL Foreign Business
9 621,797,250 0.6662113 Banks 7 60,076,356 0.06437
INTERNATIONAL Entity
Limited Liability Company 199 97,795,808 0.10478
JPMCB NA RE - VANGUARD EMERGING Foreign Business
10 565,699,750 0.6061068 Government Institutions 0 0 0
MARKETS Entity
SSB 2Q27 ISHARES CORE MSCI EMERGING Foreign Business Mutual Funds 309 1,759,904,423 1.88561
11 326,024,000 0.3493114
MARK Entity Sub Total 110,081 6,006,692,086 6.43574
BNYMSANV RE BNYM RE PEOPLE'S BANK OF Foreign Business FOREIGN
12 322,860,400 0.3459218
CHINA Entity Foreign Individual 252 3,255,152 0.00349
JPMCB NA RE-VANGUARD FIDUCIARY Foreign Business Entity 1,985 31,323,386,094 33.56077
Foreign Business
13 TRUST COMPANY INSTITUTIONAL TOTAL 313,893,536 0.3363145 Sub Total
Entity 2,237 31,326,641,246 33.56426
INTERNATIONAL
SSB 2IB5 OAKMARK INTERNATIONAL FUND Foreign Business TOTAL 112,318 37,333,333,332 40
14 301,640,700 0.3231864
-2183966276 Entity
Foreign Business 31 December 2024
15 JPMCB NA RE-CAPITAL INCOME BUILDER 294,880,000 0.3159428
Entity Shareholding Total Shareholders Total Shares Shareholding (%)
16 DJS KETENAGAKERJAAN PROGRAM JHT Pension Fund 282,684,524 0.3028762 NATIONAL
Foreign Business Individual 191,375 2,069,762,877 2.2176
17 THE BANK OF NEW YORK MELLON DR 280,432,000 0.3004628
Entity
Cooperatives 8 3,254,100 0.00349
CITIBANK NEW YORK S/A GOVERNMENT OF Foreign Business
18 273,979,935 0.2935499 Foundations 40 79,958,908 0.08567
NORWAY -1 Entity
Pension Fund 138 893,575,260 0.9574
NTC-GQG PARTNERS EMERGING MARKETS Foreign Business
19 264,141,050 0.2830082 Insurance 189 1,346,002,456 1.44215
EQUITY Entity
Foreign Business Banks 11 59,342,848 0.06358
20 JP MORGAN SECURITIES PLC 263,480,310 0.2823003
Entity Limited Liability Company 348 196,715,431 0.21077
Government Institutions 0 0 0
Mutual Funds 315 1,401,906,169 1.50204
COMPOSITION OF SHARES OWNERSHIP OF 5% OR MORE AS OF 1 JANUARY 2024 & 31 Sub Total 192,425 6,050,518,049 6.48270
DECEMBER 2024 FOREIGN
Foreign Individual 309 6,329,608 0.00678
1 January 2024 (Initial Opening of Stock Trading) Foreign Business Entity 1,974 31,276,485,675 33.51052
Shareholders Number of Shares Shareholding (%) Sub Total 2,283 31,282,815,283 33.51730
Government of the Republic of Indonesia 48,533,333,334 52.0000000 TOTAL 194,708 37,333,333,332 40
Indonesia Investment Authority 7,466,666,666 8.000
PT BANK MANDIRI (PERSERO) TBK 178 179 ANNUAL REPORT 2024
Page 91
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS SHAREHOLDING AS OF 1 JANUARY Board of Directors
2024 & 31 DECEMBER 2024 1. Darmawan Junaidi President Director 11,134,200 0.0119295
2. Alexandra Askandar Vice President Director 11,028,200 0.0118159
3. Agus Dwi Handaya Director of Compliance and HR 11,347,300 0.0121578
1 January 2024 (Initial Opening of Stock Trading)
4. Riduan**** Director of Corporate Banking 11,250,000 0.0120536
Shareholding 5. Aquarius Rudianto Director of Network and Retail Banking 7,102,000 0.0076093
No. Name Position Total Shares
(%) 6. Toni E. B. Subari Director of Operation 6,082,200 0.0065166
BOARD OF COMMISSIONERS 7. Rohan Hafas Director of Institutional Relations 5,965,200 0.0063913
1. M. Chatib Basri President Commissioner/Independent 0 0.0000000 8. Sigit Prastowo Director of Finance and Strategy 10,869,800 0.0116462
2. Andrinof A. Chaniago* Vice President Commissioner/Independent 0 0.0000000 9. Timothy Utama Director of Information Technology 7,036,600 0.0075392
3. Zainudin Amali Independent Commissioner 0 0.0000000 Director of Treasury and International
10. Eka Fitria 1,197,500 0.0012830
4. Loeke Larasati Agoestina Independent Commissioner 0 0.0000000 Banking
6. Muliadi Rahardja Independent Commissioner 0 0.0000000 11. Danis Subyantoro*** Director of Risk Management 344,800 0.0003694
7. Rionald Silaban Commissioner 2,017,700 0.0021618 12. Totok Priyambodo*** Director of Commercial Banking 370,000 0.0003964
8. Arif Budimanta Commissioner 1,703,900 0.0018256 Total 96,094,700 0.1029585
9. Nawal Nely* Commissioner 1,703,900 0.0018256 *) Tenure was ended based on the resolution of the Annual GMS 7 March 2024.
**) Transition of assignment to become Vice President Commissioner based on the resolution of the Annual GMS 7 March 2024.
10. Faried Utomo Commissioner 1,703,900 0.0018256
***) Serves effective as of the resolution of the Annual GMS 7 March 2024.
11. Muhammad Yusuf Ateh Commissioner 1,261,100 0.0013512 ****) Transition of assignment to become Director of Corporate Banking based on the resolution of the Annual GMS 7 March 2024.
BOARD OF DIRECTORS
1. Darmawan Junaidi President Director 6,762,300 0.0072453
2. Alexandra Askandar Vice President Director 7,425,200 0.0079556
3.
4.
Ahmad Siddik Badruddin*
Agus Dwi Handaya
Director of Risk Management
Director of Compliance and HR
8,715,900
6,755,100
0.0002772
0.0072376
Percentage of indirect ownership of the Company’s shares
5. Riduan Director of Commercial Banking 7,000,000 0.0075000 by members of Board of Directors and members of Board of
6.
7.
Aquarius Rudianto
Toni E. B. Subari
Director of Network and Retail Banking
Director of Operation
4,137,300
3,117,500
0.0044328
0.0033402
Commissioners at the beginning and end of the financial year,
8. Susana Indah K. Indriati* Director of Corporate Banking 4,438,400 0.0045947 including information on shareholder register for the interest of
9. Rohan Hafas Director of Institutional Relations 3,000,500 0.0032148 indirect ownership of members of Board of Directors and members
10. Sigit Prastowo Director of Finance and Strategy 6,305,100 0.0067555
11. Timothy Utama Director of Information Technology 3,621,900 0.0038806 of Board of Commissioners
Director of Treasury and International
12. Eka Fitria 170,000 0.0001821
Banking
Total 69,839,700 0.0748282 At the beginning and end of the 2024 Fiscal Year, there are no members of the Board of Directors and
Board of Commissioners who indirectly have share ownership of the Company, including no shareholder
registered in the register of shareholders of the Company for the benefit of indirect ownership by members
31 December 2024 of the Board of Directors and Board of Commissioners.
Shareholding
No. Nama Position Total Shares
(%) BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS SHARES TRADING
Board of Commissioners Pursuant to the Regulation of the Financial Services Authority No. 11/POJK.04/2017 on the Board of
1. M. Chatib Basri President Commissioner/Independent 0 0.0000000 Commissioners and Board of Directors Shares Trading Policy, and the Company’s Corporate Secretary
2. Zainudin Amali** Vice President Commissioner/Independent 0 0.0000000 Standard Procedure, each member of the Board of Commissioners and Board of Directors shall inform
3. Loeke Larasati Agoestina Independent Commissioner 0 0.0000000 their shareholding and any change pertaining to shareholding to the Company no later than 3 (three)
4. Muliadi Rahardja Independent Commissioner 0 0.0000000 days following the trading and must report of such action to the Financial Services Authority at least 10
5 Heru Kristiyana Independent Commissioner 0 0.0000000
(ten) days after the disclosure.
6. Rionald Silaban Independent 3,430,200 0.0036752
7. Faried Utomo Commissioner 3,116,400 0.0033390
In 2024, 44 (fourty four) trading transactions by the Commissioners and Directors have been reported, as
8. Arif Budimanta Commissioner 3,116,400 0.0033390
follows:
9. Muhammad Yusuf Ateh Commissioner 2,673,600 0.0028646
10. Tedi Bharata*** Commissioner 30,300 0.0000325
PT BANK MANDIRI (PERSERO) TBK 180 181 ANNUAL REPORT 2024
Page 92
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
Total Shares Total Total Shares Total Shares Total Total Shares
Saham Date Purpose of the Saham Date Purpose of the
No. Name Position Transaction Before Purchases/ After Reporting No. Name Position Transaction Before Purchases/ After Reporting
Share Price Transaction Transaction Share Price Transaction Transaction
Transaction Sales Transaction Transaction Sales Transaction
1. Susana Corporate Purchase 4,147,300 131,100 Rp5,875,- 4,288,400 28 Investment Has been 11. Riduan Corporate Purchase 9,200,000 300,000 Rp6,875,- 9,500,000 1 April 2024 Investment Has been
Indah K. Banking November reported to the Banking reported
Indriarti* Director 2023 OJK through Director to the OJK
Letter No. through Letter
HBK.CSC/ No. HBK.CSC/
CMA.59/2024 CMA.0949/2024
dated 8 January dated 5 April
2024 2024
2. Riduan Corporate Purchase 7,000,000 50,000 Rp7,200,- 7,050,000 15 Investment Has been 12. Darmawan President Purchase 8,775,900 224,100 Rp6,700,- 9,000,000 3 April 2024 Investment Has been
Banking February reported Junaidi Director reported
Director 2024 to the OJK to the OJK
through Letter through Letter
No. HBK.CSC/ No. HBK.CSC/
CMA.650/2024 CMA.0950/2024
dated 20 dated 5 April
February 2024 2024
3. Riduan Corporate Purchase 7,050,000 250,000 Rp7,225,- 7,300,000 16 Investment Has been 13. Timothy Information Purchase 5,483,500 1,253,100 Rp6,722.63 6,736,600 22 April Provision of Has been
Banking (Avg) February reported Utama Technology 2024 remuneration reported
Director 2024 to the OJK Director in the form to the OJK
through Letter of shares in through Letter
No. HBK.CSC/ connection No. HBK.CSC/
CMA.650/2024 with the CMA.1055/2024
dated 20 fulfillment of the dated 30 April
February 2024 POJK No. 45/ 2024
POJK.03/2015
4. Riduan Corporate Purchase 7,300,000 100,000 Rp7,012.50,- 7,400,000 23 Investment Has been provision
Banking (Avg) February reported concerning
Director 2024 to the OJK Implementation,
through Letter Governance,
No. HBK.CSC/ in Providing
CMA.765/2024 Remuneration
dated 27 in Commercial
February 2024 Banks
5. Agus Dwi Compliance Purchase 8,466,700 143,000 Rp7,100,- 8,609,700 29 Investment Has been 14. Sigit Finance and Purchase 8,316,700 1,253,100 Rp6,722.63 9,569,800 22 April Provision of Has been
Handaya and HR February reported Prastowo Strategy 2024 remuneration reported
Director 2024 to the OJK Director in the form to the OJK
through Letter of shares in through Letter
No. HBK.CSC/ connection No. HBK.CSC/
CMA.877/2024 with the CMA.1055/2024
dated 15 March fulfillment of the dated 30 April
2024 POJK No. 45/ 2024
POJK.03/2015
6. Agus Dwi Compliance Purchase 8,609,700 437,000 Rp6,850,- 9,046,700 1 April 2024 Investment Has been
provision
Handaya and HR reported
concerning
Director to the OJK
Implementation,
through Letter
Governance,
No. HBK.CSC/
in Providing
CMA.0947/2024
Remuneration
dated 5 April
in Commercial
2024
Banks
7. Alexandra Vice President Purchase 9,237,500 145,000 Rp6,900,- 9,382,500 1 April 2024 Investment Has been
15. Rohan Institutional Purchase 4,712,100 1,253,100 Rp6,722.63 5,965,200 22 April Provision of Has been
Askandar Director reported
Hafas Relations 2024 remuneration reported
to the OJK
Director in the form to the OJK
through Letter
of shares in through Letter
No. HBK.CSC/
connection No. HBK.CSC/
CMA.0947/2024
with the CMA.1055/2024
dated 5 April
fulfillment of the dated 30 April
2024
POJK No. 45/ 2024
8. Alexandra Vice President Purchase 9,382,500 156,900 Rp6,746,- 9,539,400 3 April 2024 Investment Has been POJK.03/2015
Askandar Director (Avg) reported provision
to the OJK concerning
through Letter Implementation,
No. HBK.CSC/ Governance,
CMA.0947/2024 in Providing
dated 5 April Remuneration
2024 in Commercial
Banks
9. Sigit Finance and Purchase 8,016,700 300,000 Rp6,750,- 8,316,700 2 April 2024 Investment Has been
Prastowo Strategy reported 16. Toni E. B. Operation Purchase 4,829,100 1,253,100 Rp6,722.63 6,082,200 22 April Provision of Has been
Director to the OJK Subari Director 2024 remuneration reported
through Letter in the form to the OJK
No. HBK.CSC/ of shares in through Letter
CMA.0948/2024 connection No. HBK.CSC/
dated 5 April with the CMA.1055/2024
2024 fulfillment of the dated 30 April
POJK No. 45/ 2024
10. Riduan Corporate Purchase 9,111,600 88,400 Rp7,075,- 9,200,000 28 Investment Has been POJK.03/2015
Banking February reported provision
Director 2024 to the OJK concerning
through Letter Implementation,
No. HBK.CSC/ Governance,
CMA.0949/2024 in Providing
dated 5 April Remuneration
2024 in Commercial
Banks
PT BANK MANDIRI (PERSERO) TBK 182 183 ANNUAL REPORT 2024
Page 93
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
Total Shares Total Total Shares Total Shares Total Total Shares
Saham Date Purpose of the Saham Date Purpose of the
No. Name Position Transaction Before Purchases/ After Reporting No. Name Position Transaction Before Purchases/ After Reporting
Share Price Transaction Transaction Share Price Transaction Transaction
Transaction Sales Transaction Transaction Sales Transaction
17. Alexandra Vice President Purchase 9,539,400 1,326,800 Rp6,722.63 10,866,200 22 April Provision of Has been 22. Aquarius Network and Purchase 5,848,900 1,253,100 Rp6,722.63 7,102,000 22 April Provision of Has been
Askandar Director 2024 remuneration reported Rudianto Retail Banking 2024 remuneration reported
in the form to the OJK Director in the form to the OJK
of shares in through Letter of shares in through Letter
connection No. HBK.CSC/ connection No. HBK.CSC/
with the CMA.1055/2024 with the CMA.1055/2024
fulfillment of the dated 30 April fulfillment of the dated 30 April
POJK No. 45/ 2024 POJK No. 45/ 2024
POJK.03/2015 POJK.03/2015
provision provision
concerning concerning
Implementation, Implementation,
Governance, Governance,
in Providing in Providing
Remuneration Remuneration
in Commercial in Commercial
Banks Banks
18. Darmawan President Purchase 9,000,000 1,474,200 Rp6,722.63 10,474,200 22 April Provision of Has been 23. Timothy Information Purchase 6,736,600 150,000 Rp6,250,- 6,886,600 3 May 2024 Investment Has been
Junaidi Director 2024 remuneration reported Utama Technology reported
in the form to the OJK Director to the OJK
of shares in through Letter through Letter
connection No. HBK.CSC/ No. HBK.CSC/
with the CMA.1055/2024 CMA.1090/2024
fulfillment of the dated 30 April dated 7 May
POJK No. 45/ 2024 2024
POJK.03/2015
provision 24. Timothy Information Purchase 5,333,500 150,000 Rp6,925,- 5,483,500 1 April 2024 Investment Has been
concerning Utama Technology reported
Implementation, Director to the OJK
Governance, through Letter
in Providing No. HBK.CSC/
Remuneration CMA.1082/2024
in Commercial dated 3 May
Banks 2024
19. Agus Dwi Compliance Purchase 9,046,700 1,253,100 Rp6,722.63 10,299,800 22 April Provision of Has been 25. Riduan Corporate Purchase 10,753,100 246,900 Rp6,369.62,- 11,000,000 2 May 2024 Investment Has been
Handaya and HR 2024 remuneration reported Banking (Avg) reported
Director in the form to the OJK Director to the OJK
of shares in through Letter through Letter
connection No. HBK.CSC/ No. HBK.CSC/
with the CMA.1055/2024 CMA.1081/2024
fulfillment of the dated 30 April dated 3 May
POJK No. 45/ 2024 2024
POJK.03/2015
26. Darmawan President Purchase 10,474,200 160,000 Rp6,350,- 10,634,200 2 May 2024 Investment Has been
provision
Junaidi Director reported
concerning
to the OJK
Implementation,
through Letter
Governance,
No. HBK.CSC/
in Providing
CMA.1079/2024
Remuneration
dated 3 May
in Commercial
2024
Banks
27. Darmawan President Purchase 10,634,200 200,000 Rp6,075,- 10,834,200 3 May 2024 Investment Has been
20. Eka Fitria Treasury and Purchase 170,000 1,002,500 Rp6,722.63 1,172,500 22 April Provision of Has been
Junaidi Director reported
International 2024 remuneration reported
to the OJK
Banking in the form to the OJK
through Letter
Director of shares in through Letter
No. HBK.CSC/
connection No. HBK.CSC/
CMA.1079/2024
with the CMA.1055/2024
dated 3 May
fulfillment of the dated 30 April
2024
POJK No. 45/ 2024
POJK.03/2015 28. Muhammad Commissioner Purchase 2,076,600 597,000 Rp6,722,- 2,673,600 22 April Provision of Has been
provision Yusuf Ateh 2024 remuneration reported
concerning in the form to the OJK
Implementation, of shares in through Letter
Governance, connection No. HBK.CSC/
in Providing with the CMA.1055/2024
Remuneration fulfillment of the dated 30 April
in Commercial POJK No. 45/ 2024
Banks POJK.03/2015
provision
21. Riduan Corporate Purchase 9,500,000 1,253,100 Rp6,722.63 10,753,100 22 April Provision of Has been
concerning
Banking 2024 remuneration reported
Implementation,
Director in the form to the OJK
Governance,
of shares in through Letter
in Providing
connection No. HBK.CSC/
Remuneration
with the CMA.1055/2024
in Commercial
fulfillment of the dated 30 April
Banks
POJK No. 45/ 2024
POJK.03/2015
provision
concerning
Implementation,
Governance,
in Providing
Remuneration
in Commercial
Banks
PT BANK MANDIRI (PERSERO) TBK 184 185 ANNUAL REPORT 2024
Page 94
COMPANY PROFILE
SHAREHOLDERS COMPOSITION SHAREHOLDERS COMPOSITION
Total Shares Total Total Shares Total Shares Total Total Shares
Saham Date Purpose of the Saham Date Purpose of the
No. Name Position Transaction Before Purchases/ After Reporting No. Name Position Transaction Before Purchases/ After Reporting
Share Price Transaction Transaction Share Price Transaction Transaction
Transaction Sales Transaction Transaction Sales Transaction
29. Faried Commissioner Purchase 2,519,400 597,000 Rp6,722.63,- 3,116,400 22 April Provision of Has been 36. Riduan Corporate Purchase 11,100,000 150,000 Rp6,250,- 11,250,000 13 May Investment Has been
Utomo 2024 remuneration reported Banking 2024 reported
in the form to the OJK Director to the OJK
of shares in through Letter through Letter
connection No. HBK.CSC/ No. HBK.CSC/
with the CMA.1055/2024 CMA.1135/2024
fulfillment of the dated 30 April dated 16 May
POJK No. 45/ 2024 2024
POJK.03/2015
provision 37. Alexandra Vice President Purchase 10,866,200 162,000 Rp6,200,- 11,028,200 13 May Investment Has been
concerning Askandar Director 2024 reported
Implementation, to the OJK
Governance, through Letter
in Providing No. HBK.CSC/
Remuneration CMA.1116/2024
in Commercial dated 16 May
Banks 2024
30. Arif Commissioner Purchase 2,519,400 597,000 Rp6,722,- 3,116,400 22 April Provision of Has been 38. Sigit Finance and Purchase 9,569,800 1,300,000 Rp6,337.50,- 10,869,800 2 May 2024 Investment Has been
Budimanta 2024 remuneration reported Prastowo Strategy (Avg) reported
in the form to the OJK Director to the OJK
of shares in through Letter through Letter
connection No. HBK.CSC/ No. HBK.CSC/
with the CMA.1055/2024 CMA.1082/2024
fulfillment of the dated 30 April dated 3 May
POJK No. 45/ 2024 2024
POJK.03/2015
39. Tedi Bharata Commissioner Sales 47,200 46,900 Rp6,450,- 300 25 July Investment Has been
provision
(Avg) 2024 reported
concerning
to the OJK
Implementation,
through Letter
Governance,
No. HBK.CSC/
in Providing
CMA.1451/2024
Remuneration
dated 7 August
in Commercial
2024
Banks
40. Eka Fitria Treasury and Purchase 1,172,500 25,000 Rp5,775,- 1,197,500 14 June Investment Has been
31. Ronald Commissioner Purchase 2,833,200 597,000 Rp6,722.63,- 3,430,200 22 April Provision of Has been
International 2024 reported
Silaban 2024 remuneration reported
Banking to the OJK
in the form to the OJK
Director through Letter
of shares in through Letter
No. HBK.CSC/
connection No. HBK.CSC/
CMA.1381/2024
with the CMA.1055/2024
dated 19 Juyi
fulfillment of the dated 30 April
2024
POJK No. 45/ 2024
POJK.03/2015 41. Tedi Bharata Commissioner Purchase 300 30,000 Rp7,150(Avg) 30,300 29 August Investment Has been
provision 2024 reported
concerning to the OJK
Implementation, through Letter
Governance, No. HBK.CSC/
in Providing CMA.1649/2024
Remuneration dated 8 October
in Commercial 2024
Banks
42. Darnawan President Purchase 10,984,200 150,000 Rp7,100 11,134,200 25 Investment Has been
32. Tedi Bharata Commissioner Sales 42,800 42,600 Rp6,575,- 200 16 April Investment Has been Junaidi Director September reported
(Avg) 2024 reported 2024 to the OJK
to the OJK through Letter
through Letter No. HBK.CSC/
No. HBK.CSC/ CMA.1635/2024
CMA.1201/2024 dated 30
dated 7 June September 2024
2024
43. Agus Dwi Compliance Purchase 10,632,800 482,400 Rp6,350 11,105,200 15 Investment Has been
33. Darmawan President Purchase 10,834,200 150,000 Rp5,900,- 10,984,200 27 May Investment Has been Handaya and HR November reported
Junaidi Director 2024 reported Director 2024 to the OJK
to the OJK through Letter
through Letter No. HBK.CSC/
No. HBK.CSC/ CMA.1776/2024
CMA.1188/2024 dated 19
dated 6 June November 2024
2024
44. Agus Dwi Compliance Purchase 11,105,300 242,000 Rp6,200 11,347,300 25 Investment Has been
34. Agus Dwi Compliance Purchase 10,299,800 333,000 Rp6,000,- 10,632,800 21 May Investment Has been Handaya and HR November reported
Handaya and HR 2024 reported Director 2024 to the OJK
Director to the OJK through Letter
through Letter No. HBK.CSC/
No. HBK.CSC/ CMA.1784/2024
CMA.1180/2024 dated 29
dated 31 May November 2024
2024
35. Riduan Corporate Purchase 11,000,000 100,000 Rp6,200,- 11,100,000 3 May 2024 Investment Has been
Banking (Avg) reported
Director to the OJK
through Letter
No. HBK.CSC/
CMA.1091/2024
dated 7 May
2024
PT BANK MANDIRI (PERSERO) TBK 186 187 ANNUAL REPORT 2024
Page 95
COMPANY PROFILE
CORPORATE GROUP CORPORATE GROUP SHAREHOLDING STRUCTURE
SHAREHOLDING STRUCTURE
Public
52% 48%
Sharia Bank Bank Capital market Financing Services (Remittances) Life insurance
51,47% 51,098% 100% 99,99% 99,99% 51% 99,99% 100% 51%
*) The divestment of Inhealth was completed in June 2024. As of 9 October 2024, Mandiri Inhealth was no longer a Subsidiary or no
100% 99,93% 99,99% longer part of the Mandiri Group Financial Conglomerate.
**) The investment of PT Bank Mandiri (Persero) Tbk. Shares in PT Mandiri Utama Finance amounting to IDR 1.019 Billion on November
28th, 2024, effecting the shares ownership of PT Bank Mandiri (Persero) Tbk. in PT Mandiri Utama Finance increased from 51,00% to
99,99%.
In 2024, Bank Mandiri does not have a Parent Entity and Special Purpose Vehicle (SPV). However, Bank Mandiri has 4 Joint Venture
Subsidiaries, as follows:
1. BSI (PSP, Mayority)
2. Bank Mantap (PSP, Mayority)
100% 3. MTF (PSP, Mayority)
4. AMFS (PSP, Mayority)
PT BANK MANDIRI (PERSERO) TBK 188 189 ANNUAL REPORT 2024
Page 96
COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
AND/OR ASSOCIATES
SUBSIDIARIES In relation to system migration of three Sharia Banks of State-Owned,
namely Bank Syariah Mandiri, BRIsyariah, and BNI Syariah into PT Bank
Syariah Indonesia Tbk, the transfer’s bank codes for 2 (two) ex-Legacy
Banks namely BNIS (427) and BRIS (422) have now been closed and the
naming of the bank code of ex-legacy BSM/BRIS/BNIS has changed into
BSI with the bank code of 451. The customer may contact the call centre
of Bank Syariah Indonesia to 14040 for any transaction’s issues.
PT Bank Syariah Shareholding 51.47% Address The Tower, Jl. Gatot Subroto No. 27, Kelurahan Karet Semanggi Kecamatan
Indonesia Tbk (BSI) Setiabudi, Jakarta Selatan 12930
Establishment 2021 Telp : 021-30405999
Sharia Banking Fax : 021-30421888
Operational Status Operating
Email : corporate.secretary@bank.bsi.co.id
Total Assets Rp408,613 (billion)* Website : www.bankbsi.co.id
Key Management Board of Commissioners
• President Commissioner/Independent Commissioner: Muliaman D.
Hadad
• Vice President Commissioner/Independent: Adiwarman Azwar Karim
Company Profile PT Bank Syariah Indonesia Tbk (Bank Syariah Indonesia) was established
• Commissioner: Suyanto
as a result of the merger of three sharia banks owned by the SOEs Banks
• Commissioner: Masduki Baidlowi
(HIMBARA), namely PT Bank Syariah Mandiri, PT Bank BNI Syariah, dan PT
• Commissioner: Abu Rokhmad
Bank BRIsyariah Tbk, which commenced its commercial operations on 1
• Commissioner: Fauzi
February 2021. The merger was uniting three forces of sharia banks and
• Commissioner: Nazaruddin
aimed at optimizing the huge potential of Indonesian sharia financial and
• Commissioner Independen: Mohamad Nasir
economics.
• Commissioner Independen: Komaruddin Hidayat
• Commissioner Independen: Felicitas Tallulembang
Fosteed by holding entities (Mandiri, BNI, BRI), as well as the government
commitment through the Ministry of SOEs, Bank Syariah Indonesia has the
Board of Directors
vision to become one of the top 10 sharia banks in the world by market
• President Director: Hery Gunardi
capitalization in the next 5 years.
• Vice President Director: Bob Tyasika Ananta
• Director of Sales & Distribution: Anton Sukarna
Bank Syariah Indonesia is a public company listed at the Indonesia
• Director of Compliance & Human Capital: Tribuana Tunggadewi
Stock Exchange (ticker code: BRIS). Post-merger, Bank Syariah Indonesia
• Director of Finance & Strategy: Ade Cahyo Nugroho
becomes the largest sharia bank in Indonesia. As of September 2024, Bank
• Director of Wholesale Transaction Banking: Zaidan Novari
Syariah Indonesia total assets stood at around IDR408.83 trillion, third-party
• Director Information Technology: Saladin D. Effendi
funds reached IDR327.45 trillion, and total financing of IDR278.48 trillion.
• Director Risk Management: Grandhis Helmi Harumansyah
• Director Retail Banking: Harry Gusti Utama
Bolstered by this financial performance, Bank Syariah Indonesia is included
• Director Treasury & International Banking: Ari Rizaldi
in the list of top 10 largest banks in Indonesia by assets. On networks, Bank
Syariah Indonesia is supported by more than 1,100 outlets more than 5.000
Sharia Supervisory Board
ATM and CRM networks across Indonesia.
• Chairman: Prof. Dr. KH. Hasanudin, M.Ag
• Member: DR. H. Mohamad Hidayat, MBA, M.H
These assets and forces will be optimized by Bank Syariah Indonesia to
• Member: Dr. H. Oni Sahroni, MA
provide a one-stop comprehensive sharia financial services and products
• Member: Dr. KH. Abdul Ghofur Maimoen, M.A.**
to provide various needs of the customers of various segments, from
• Member: Prof. Dr. Jaih Mubarok, SE, M.H, M.Ag
MSMEs, retail, commercial, wholesale, and corporate in the country or
overseas.
* Audited Subsidiary Company Financial Report
** Effective after obtaining approval from the Financial Services Authority
PT BANK MANDIRI (PERSERO) TBK 190 191 ANNUAL REPORT 2024
Page 97
COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
Bank Mandiri (Europe) Shareholding 100.00%
PT Mandiri Sekuritas Shareholding 99.99%
Limited (BMEL) Investment Banking
Establishment 1999 Establishment 31 July 2000
Banking Services
Operational Status Operating Operational Status Operating
Total Assets Rp4,210 (billion)* Total Assets Rp4,391 (billion)*
Company Profile Bank Mandiri (Europe) Limitied (BMEL) was established on 2 August Company Profile PT Mandiri Sekuritas (Mandiri Sekuritas or Company) is a securities
1999 in the UK (Company registration no. 3793679) and is supervised by company resulting from the merger of several securities companies
the Prudential Regulation Authority (‘PRA’) and the Financial Conduct within PT Bank Mandiri (Persero) Tbk, namely PT Bumi Daya Sekuritas,
Authority (‘FCA’). It is a wholly-owned PT Bank Mandiri (Persero) Tbk PT Exim Securities, and PT Merincorp Securities Indonesia which were
subsidiary. When it was established, it took over the banking business of formed on 31 July 2000 with the value of paid-in capital of Rp638 billion.
the London branch of PT Bank Ekspor Impor Indonesia (Persero), which Mandiri Sekuritas has the following business license:
had been based in London since 1992.
1. Securities Trading Intermediary based on Bapepam and LK Approval
BMEL’s business activities revolved around the following role: acting as Letter Kep-13/PM/1992 dated 23 January 1992.
a gateway for foreign investors in the UK and EU to conduct business in 2. Underwriter based on Bapepam and LK Approval Letter No. Kep-12/
Indonesia and with Indonesian corporates, providing banking presence PM/1992 dated 23 January 1992.
for Indonesia-related companies in the UK & EU to conduct business, and
providing synergy business with Mandiri Group, including its subsidiaries Mandiri Sekuritas is one of the largest investment banks and most active
and overseas network. Its main activities are accepting deposit from brokers in the Indonesian capital market industry. As part of one of the
corporate customer, include remittances services to these account largest financial institutions in Indonesia, PT Bank Mandiri (Persero) Tbk,
holder, raise funding from interbank markets, undertake lending to global Mandiri Sekuritas serves as a trusted partner for clients/customers in the
corporates with Indonesian related business, and provide trade finance capital market investment solutions.
services such as invoice financing and letter of credit.
Mandiri Sekuritas is supported by 2 (two) subsidiaries, namely PT Mandiri
Address 2nd Floor, 4 Thomas More Square Thomas More Street, London E1W 1YW Manajemen Investasi (MMI), which is an investment management
Telp : +44-207-553-8688 company founded in 2004 and Mandiri Securities Pte. Ltd. (Mandiri
Fax : +44-207-553-8699 Securities Singapore) which was established on 15 May 2017. The
Website : www.bkmandiri.co.uk presence of Mandiri Securities Singapore has made Mandiri Sekuritas
the first Indonesian securities company which has Asia regional business
Key Management Non-Executive Director (NED)
capabilities.
• Independent NED and Chairman: Dian Triansyah Djani
• Independent Non-Executive Director: Geoffrey McDonald
Mandiri Sekuritas operates three business lines, which are Investment
• Non-Executive Director: Venda Yuniarti
Banking, Capital Market and Retail. On Investment Banking, Mandiri
Sekuritas provides securities underwriter and financial advisory services
Board of Directors
(underwriter and advisory). On Capital Market, the Company provides
Chief Executive: Aries Syamsul Arifien
brokerage services in bond and stock transactions in the primary and
*Audited Subsidiary Company Financial Report
secondary markets for institutional clients, while in Retail, it provides the
same services (brokerage for bond and stock trnsactions) for individual
customers.
Address Menara Mandiri I Lt. 24-25
Jl. Jend. Sudirman Kav. 54-55 Jakarta, 12190
Telp : (021) 526 3445
Fax : (021) 526 3521
Email : corporate.communication@mandirisekuritas.co.id
Website : www.mandirisekuritas.co.id
PT BANK MANDIRI (PERSERO) TBK 192 193 ANNUAL REPORT 2024
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COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
Key Management Board of Commissioners Company Profile On 9 October 2017, Bank Mandiri Taspen Pos held Extraordinary
• Commissioner Utama dan Commissioner Independen: Hoesen General Meeting of Shareholders (EGMS) that approved the change
• Commissioner: Mochamad Rizaldi of shareholders composition into Bank Mandiri (59.44%), PT Taspen
(40%), and individuals (0.56%). The EGMS also approved the change of
Board of Directors company name from PT Bank Mandiri Taspen Pos to PT Bank Mandiri
• President Director: Mohamad Oki Ramadhana Taspen.
• Director: Silva Halim
• Director: Theodora Vinca Natalie Manik On 16 December 2020, the Shareholders of Bank Mandiri Taspen
• Director: Harold Jonathan Dharma Tjiptadjaja signed the Circular decision to approved the changes of shareholders
• Director: Alex Widi Kristiono composition to become Bank Mandiri (51.098%), PT Taspen (48.437%)
and individual shareholders (0.465%).
*Audited Subsidiary Company Financial Report
Address Graha Mantap
Jl Proklamasi No 31 RT 11/02, Pegangsaan, Kec Menteng, Jakarta Pusat
10320
Telp : (021) 212 31984
Fax : (021) 212 31984
PT Bank Mandiri Shareholding 51.098%
Email : corporate.secretary@bankmandiritaspen.co.id
Website : www.bankmandiritaspen.co.id
Taspen
Banking Services Establishment 2008
Key Management Board of Commissioners
Operational Status Operating • Commissioner Utama: Mustaslimah
• Commissioner: Hendrika Nora Osloi Sinaga
Total Assets Rp66,232 (billion)*
• Commissioner: Suhajar Diantoro**
• Commissioner Independen: Boedi Armanto
Board of Directors
PT Bank Mandiri Taspen (hereinafter referred to as Bank Mantap) was • President Director: Elmamber Petamu Sinaga
established in Denpasar on 3 November 1992, under the Deed of • Director: Maswar Purnama
Establishment No. 4, made before Ida Bagus Alit Sudiatmika, S.H., a • Director: Widi Nugroho
Notary in Denpasar, bearing the name of PT Bank Sinar Harapan Bali. • Director: Putu Apriyanto
The establishment was an upgrade of legal entity status, from previously • Director: Resi Lora
an Indonesian Joint-Stock Company (Maskapai Andil Indonesia or MAI)
into a Limited Liability Company (Perseroan Terbatas or PT). The deed of *Audited Subsidiary Company Financial Report
**Still waiting for OJK F&P test result
establishment was ratified by the Minister of Justice of the Republic of
Indonesia under Decree No. C2-4581 HT.01.01 Th.93 dated 12 June 1993.
On 3 May 2008, Bank Sinar was officially acquired by PT Bank Mandiri
(Persero) Tbk in order to comply with the provisions of capital regulation
as a commercial bank. The acquisition marked the beginning of Bank
Mandiri’s ownership of Bank Sinar and furthermore the management
of Bank Sinar is carried out separately as a stand-alone bank with the
status of Subsidiary focusing mainly on micro business and small business
development.
On 24 July 2015, the Financial Services Authority approved the change
of name of PT Bank Sinar Harapan Bali into PT Bank Mandiri Taspen Pos
and granted permission to conduct business activities under the name
of Bank Mantap. The name change was accompanied by a license
for logo change from Financial Services Authority on 31 July 2015. The
changes of name and logo were announced to the public on 7 August
2015.
PT BANK MANDIRI (PERSERO) TBK 194 195 ANNUAL REPORT 2024
Page 99
COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
In 2009, the Company took strategic measures as part of business
development to expand market reach and strengthen capital structure
PT Mandiri Tunas Finance Shareholding 51.00% hence to optimize the potential to compete in the Indonesian automotive
(MTF) financing industry. The action taken was the acquisition of the Company
Establishment 2009
Motor Vehicle by PT Bank Mandiri (Persero) Tbk as one of the State-Owned Enterprises
and Multipurpose Operational Status Operating in the banking sector with an extensive business network and expansive
Financing Services customer-base. PT Bank Mandiri (Persero) Tbk made an acquisition of
Total Assets Rp34,425 (billion)* 51.00% shares of the Tunas Ridean Group and changed the Company’s
name to PT Mandiri Tunas Finance which was followed by a change in
the Company’s logo. With the acquisition, the share percentage of PT
Tunas Ridean Tbk stood at 49.00%.
Company Profile The track record of PT Mandiri Tunas Finance, also known as the
“Company” or “MTF”, began in 1989 with the establishment of PT In the automotive financing segment, the Company provides financing
Tunas Financindo Corporation as stated in the deed of Limited Liability for new cars, large motorbikes, commercial vehicles and heavy
Company PT Tunas Financindo Corporation No. 262 dated 17 May 1989 equipment. In following up the Financial Services Authority Regulation
which was made before Misahardi Wilamarta, S.H., Notary in Jakarta No. 35/POJK.05/2018 in lieu of the Financial Services Authority Regulation
and was approved by the Minister of Justice and Human Rights of the No. 07/POJK.05/2022 in order to create a resilient, contributive, inclusive
Republic of Indonesia (formerly Minister of Justice of the Republic of financing industry and takes a role in maintaining a stable and sustainable
Indonesia) in accordance with Decree No. C2-4868.HT.01.01.TH’89 dated financial system, the Company offers other financing types, among
1 June 1989 and has been registered in the register book of the Central others, Investment, Working Capital and Multipurpose Financing.
Jakarta District Court under No. 1206/1989 dated 21 June 1989 and has
been published in the State Gazette of the Republic of Indonesia No. 57, The Company provides easy, innovative and competitive financing
dated 18 July 1989, Supplement No. 1369. facilities and solutions for consumers in helping to realize the dream of
owning a new car, large motorbike, commercial vehicles and heavy
On its early establishment, the Company was engaged in motor vehicle equipment to support business activities, financing and leasing as
financing, which was initially aimed for consumers from the dealer well multipurpose by means of funding facilities for education, home
network owned by the Tunas Ridean Group. In line with the growth of its renovation, weddings, traveling and health. The Company continues to
business portfolio, PT Tunas Financindo Corporation changed its name in prioritize service to consumers by providing convenience particularly the
2000 to PT Tunas Financindo Sarana based on the PT Tunas Financindo support of branch offices throughout Indonesia, quality human resources
Corporation Limited Liability Company Deed Number 49, dated 18 and adequate infrastructure facilities.
August 2000 and was approved by the Minister of Law and Legislation of
the Republic of Indonesia Number C-21195 HT.01.04. TH. 2000 dated 22 Address Graha Mandiri Lt. 3A
September 2000. And further made a name change in 2009 to PT Mandiri Jl. Imam Bonjol No. 61 Jakarta, 10310
Tunas Finance based on the Deed of PT Tunas Financindo Sarana based Telp : (021) 230 5608
on Number 181 dated 26 June 2009 and was approved by the Minister Fax : (021) 230 5618
of Justice and Human Rights of the Republic of Indonesia Number Email : corporate.secretary@mtf.co.id
AHU-40506. AH.01.02 Year 2009 dated 20 August 2009. From its initial Website : www.mtf.co.id
establishment until 2009, the Company’s share ownership was owned Key Management Board of Commissioners
by PT Tunas Ridean Tbk, which was currently the largest independent • Commissioner Utama: Rico Adisurja Setiawan
automotive group with more than 100 branches across Indonesia. • Commissioner: Saptari
• Commissioner Independen: Fendy Eventius Mugni
• Commissioner Independen: Subarna**
President Director: Pinohadi G. Sumardi
• Director: R. Eryawan Nurhariadi
• Director: William Francis Indra
*Audited Subsidiary Company Financial Report
**Still waiting for OJK F&P test result
PT BANK MANDIRI (PERSERO) TBK 196 197 ANNUAL REPORT 2024
Page 100
COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
Key Management • Presiden Director: Fitri Wahyu A
• Director Operasional: Azman Mohd Hashim
Mandiri International Shareholding 100.00% • Director Non-Eksekutif: Rolland Setiawan
Remittance Sdn. Bhd. • Director Non-Eksekutif: Boniangga Anugrah
(MIR) Establishment 2009
*Audited Subsidiary Company Financial Report
Remittance Services Operational Status Operating
Total Assets Rp33,16 (billion)*
PT AXA Mandiri Financial Shareholding 51.00%
Company Profile Mandiri International Remittance Sdn. Bhd. (MIR) is a Malaysian legal Services (AXA Mandiri)
subsidiary whose shares are all owned by Bank Mandiri. MIR was Establishment 2003
Life Insurance
established on March 17, 2009 with registration No. 850077-P. MIR is a
remittance service provider operating under the supervision of Bank
Services Operational Status Operating
Negara Malaysia.
Total Assets Rp41,914 (billion)
As a remittance service provider operating in Malaysia, MIR has a focus on
remittance services for Indonesian Citizens domiciled in Malaysia either
for the purpose of Bank Mandiri account, other Bank account or cash
pick up method, then MIR has also obtained a business to business (B2B) Company Profile AXA Mandiri, which is engaged in the life insurance business, has obtained
transaction license from Bank Negara Malaysia to serve the Company’s a business license in the life insurance business from the Directorate
remittance transactions located in Malaysia to the destination country. General of Financial Institutions through Decree No. KEP-605/KM.13/1991
In addition to serving remittances for Indonesian citizens located in dated December 4, 1991, which was granted to PT Asuransi Jiwa Staco
Malaysia, MIR can also serve the opening of Bank Mandiri savings Raharja, and then transferred to PT Asuransi Jiwa Mandiri through Decree
account, and provide remittance services to 9 other country corridors. of the Directorate General of Financial Institutions No. S-131/MK.6/2002
dated May 3, 2002. The transfer of the insurance business license was
MIR currently has 12 branch offices spread across Peninsula Malaysia
in line with the name change of PT Asuransi Jiwa Staco Mandiri to PT
including Kuala Lumpur, Selangor, Penang, Perak, Melaka, and Johor.
Asuransi Jiwa Mandiri and the entry of PT Bank Mandiri (Persero) Tbk as
MIR Products and Services: a shareholder. The name change was set forth in Notarial Deed No. 17,
1. Facilitating the Opening of Savings Accounts for Bank Mandiri dated March 25, 2002, made before Notary Muhani Salim, S.H., Notary in
2. Remittance to All Bank in Indonesia Jakarta and approved by the Minister of Justice and Human Rights of the
3. Multicorridor Remittance with the destination country Republic of Indonesia in accordance with Decree No. C-07463 HT.01.04.
a. Indonesia TH.2002 dated April 30, 2002.
b. Singapura
c. Filipina Based on Notarial Deed of Aulia Taufani, S.H., Substitute Notary of Notary
d. Thailand Sutjipto, S.H., No. 23 dated November 5, 2003, PT Asuransi Jiwa Mandiri
e. India changed its name to PT AXA Mandiri Financial Services after National
f. Nepal
Mutual International Pty. Limited as part of AXA Group officially became
g. Bangladesh
one of the Shareholders of PT AXA Mandiri Financial Services. This change
h. Pakistan
i. Hong Kong was approved by the Minister of Law and Human Rights through Decree
j. Vietnam No. C-28747 HT.01.04.TH.2003 dated December 10, 2003 and announced
in the official gazette of the Republic of Indonesia No. 64, Supplement
Address Wisma Mepro
No. 7728, dated August 10, 2004. Accordingly, on February 11, 2004,
Ground & Mezzanine Floor 29 and 31
Jalan Ipoh 51200 through Letter No. S-071/MK.6/2004, the Directorate General of Financial
Kuala Lumpur, Malaysia Institutions transferred the insurance business license issued since the
Telp : +603-4045 4988 ; +603-4045 8988 establishment of PT Asuransi Jiwa Mandiri to PT AXA Mandiri Financial
Email : mandiri4u@mandiriremittance.com.my Services.
Website : www.mandiriremittance.com
PT BANK MANDIRI (PERSERO) TBK 198 199 ANNUAL REPORT 2024
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COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
On 20 August 2010, Bank Mandiri signed a sale and purchase agreement Address AXA Tower Lt. 9
for the purchase of 2,027,844 shares or 2.00% of the issued and fully paid Jl. Prof. Dr. Satrio. Kav. 18 Kuningan City Jakarta, 12940
shares of NMI before the notary Dr. A. Partomuan Pohan. S.H., LLM. The Telp : (021) 1500 803
addition of ownership in AXA Mandiri had been approved by Bank Email : customer@axa-mandiri.co.id
Indonesia through its letter No. 12/71/DPB1/TPB1-1 dated 22 July 2010. Website : www.axa-mandiri.co.id
Following the purchase, Bank Mandiri’s ownership percentage in AXA
Mandiri increased to 51.00%. Key Management Board of Commissioners
• President Commissioner: Trilaksito Singgih Hudanendra
AXA Mandiri underwent several changes including changes to the • Commissioner: Sally Joy O’Hara
Articles of Association. One of the amendments to the Articles of • Commissioner Independen: Agus Retmono
Association was made to comply with the Limited Liability Company • Commissioner Independen: Choky Leonard Tobing
Law No. 40/2007, which had been ratified by the Notary Deed of Wahyu Board of Directors
Nurani, S.H., No. 35 dated 29 July 2008 relating to Deed No. 8 dated • President Director: Handojo Gunawan Kusuma
20 November 2008 which was approved by the Minister of Justice and • Director Kepatuhan: Rudy Kamdani
Human Rights of the Republic of Indonesia through Decree No. AHU- • Director: Rudi Nugraha
08941.AH.01.02. year 2009 dated 23 March 2009. • Director: Uke Giri Utama
• Director: Aayush Poddar
The latest amendment to the Articles of Association was ratified by the
Notary Deed of Mala Mukti S.H., LL.M., No. 86 dated 26 July 2023 which Sharia Supervisory Board
has been accepted and registered in the Legal Entity Administration Chairman: Zainut Tauhid Sa’adi
System of Ministry of Law and Human Rights of the Republic of Indonesia Member: M. Cholil Nafis
based on Decree No. AHU-AH.01.03-0099062 dated 31 July 2023 and was Member: Amin
approved by the Minister of Law and Human Rights of the Republic of *Audited Subsidiary Company Financial Report
Indonesia through Decree No. AHU-0044090.AH.01.02.Years 2023 dated
July 31, 2023.
Changes in the composition of the Board of Directors and Board of
Commissioners of AXA Mandiri have been authorized by Notarial
Deed Mala Mukti S.H., LL.M. No. 38 dated July 11, 2024 which has been
accepted and recorded in the Legal Entity Administration System of the
Ministry of Law and Human Rights of the Republic of Indonesia based on
Decree No. AHU-AH.01.09-0225613 dated July 12, 2024.
In general, AXA Mandiri is currently offered several business solutions
categories for the customers of Group Bank Mandiri among others Bank
Syariah Indonesia, Mandiri Tunas Finance etc, which are:
1. Providing unit link insurance products on life insurance protection
and investment;
2. Providing traditional insurance products that provide protection
and/or cash values benefits for life or health coverage;
3. Providing insurance protection for credit card holders, savings
customers, consumer loan customers as well as micro credit
customers of Bank Mandiri and Bank Mandiri subsidiaries;
4. Providing corporate Solution insurance products for the company
employees; and
5. Providing comprehensive protection solutions for the customers of
Bank Mandiri Group offering protection, health, education, critical
illness and old age funds facilities.
PT BANK MANDIRI (PERSERO) TBK 200 201 ANNUAL REPORT 2024
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COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
Address Menara Mandiri 1 Lt. 26
Jl. Jend. Sudirman Kav. 54 – 55
PT Mandiri Utama Shareholding 99.99% Jakarta 12950
Finance (MUF) Telp : (021) 1500824
Establishment 2015 Fax : (021) 5278039
Customer Financing
Services Especially for Operational Status Operating Email : corsec@muf.co.id
Motor Vehicle Website : www.muf.co.id
Total Assets Rp15,050 (billion)* Key Management Board of Commissioners
• President Commissioner: Alexander Dippo Paris Y. S
• Commissioner: Erida
• Independent Commissioner: Kusman Yandi
Company Profile PT Mandiri Utama Finance (MUF) is a subsidiary of Bank Mandiri engages
in financing of goods such as motor vehicles, which established pursuant Board of Directors
to the notarial deed Ashoya Ratam. S.H., M.Kn. No. 19 dated 21 January • President Director: Stanley Setia Atmadja
2015 dated 21 January 2015, approved by the Ministry of Justice and • Director: Rita Mustika
Human Rights of the Republic of Indonesia in the Decree No. AHU- • Director: Rully Setiawan
0003452.AH.01.01.years 2015 dated 26 May 2015, and MUF has also
obtained license from the Financial Services Authority based on the Sharia Supervisory Board:
Decree of the Board of Commissioners of OJK No. KEP-81/D.05/2015 • Chairman: Abdul Gofarrozin
dated 25 June 2015. As the subsidiary of PT Bank Mandiri (Persero) Tbk, • Member: M. Ziyad Ulhaq
MUF commences its operations since 24 August 2015 where PT Bank
Mandiri (Persero) Tbk with PT Asco Investindo and PT Tunas Ridean Tbk *Audited Subsidiary Company Financial Report
established MUF with shareholding portion of Bank Mandiri at 51.00%, PT
Asco Investindo at 37.00% and PT Tunas Ridean Tbk at 12.00%.
On 24 August 2015, MUF conducted its initial operational activities
through collaborations with major dealers and loan disbursements
for limited customers to meet FSA IKNB requirements. MUF is currently
a financing company focuses on consumer financing, particularly
for new and used motor vehicle financing. During its journey, MUF
provides conventional and sharia for investment financing, working
capital financing, multipurpose financing, murabahah & ijarah, which
main focus is currently motor vehicles financing for retail customer and
corporations in the form of consumer and lease financing.
Furthermore, MUF has implemented changes in MUF’s share ownership
which have been approved through the Extraordinary General Meeting
of Shareholders (EGMS) in accordance with the deed of Statement of
Decision Outside the General Meeting of Shareholders of PT Mandiri
Utama Finance Number 49 dated 29 November 2024. The change has
been recorded in the AHU system of the Ministry of Law and Human
Rights of the Republic of Indonesia in accordance with the Letter of
Receipt of Notification of Changes in Company Data of PT Mandiri
Utama Finance number AHU-AH.01.09-0281917 dated November 29,
2024, so the amount of PT Bank Mandiri (Persero) Tbk’s share ownership is
4,999,999,999 shares and PT Mandiri Sekuritas is 1 share.
PT BANK MANDIRI (PERSERO) TBK 202 203 ANNUAL REPORT 2024
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COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
SUB-SUBSIDIARIES
PT Mandiri Capital Shareholding 99.99% Bank Mandiri has 4 (four) Sub-Subsidiaries through the ownership by the Subsidiaries.
Indonesia (MCI)
Establishment 2015
Venture Capital Assets
Operational Status Operating Operational
Name Core Business Shareholding Establishment (In Rp Domicile
Status
Million)*
Total Assets Rp5,968 (billion)*
Mandiri Investment Manager Ownership through 2004 Operating 463,343 Jakarta
Manajemen Services Mandiri Investasi
Investasi with 99.93% Menara Mandiri II Lt. 15
shareholding Jl. Jend. Sudirman Kav. 54-55
Jakarta, 12190
Telp: (021) 526 3505
Company Profile PT Mandiri Capital Indonesia (MCI) is a subsidiary of Bank Mandiri which was Fax: (021) 526 3506
established on 23 June 2015, and is engaged in venture capital activities. Website: www.mandiri-
On 26 June 2015, the establishment of MCI was approved by the Minister investasi.co.id
Mandiri Investment Manager Ownership through 2012 Operating 79,740 Singapura
of Justice and Human Rights under approval No. AHU- 2445684.AH.01.01-
Investment Services Mandiri Investasi
year 2015. MCI obtained a business license for venture capital operations Management with 100,00% 12. Marina View #19-05, Asia
on 10 November 2015 through the Financial Services Authority’s letter No. Pte. Ltd. shareholding Square Tower 2. Singapore
018961.
KEP-113/D.05/2015, enabling MCI to fully perform its operational activities. Telp: +65 65111878
Fax: +65 6844 9729
Email: info@mandiri-
The majority shareholder of MCI is PT Bank Mandiri (Persero) Tbk holding investment.com.sg
99.99% of shares, with PT Mandiri Sekuritas holding the remaining 0.01%. Website: https://mandiri-
investment.com.sg/
In conducting its business, MCI plays a role in creating business synergies
Mandiri Investment Banking Ownership through 2015 Operating 433,575 Singapura
and driving innovation between startups and the Mandiri Group business Securities Pte. Mandiri Investasi
ecosystem, as well as with State-Owned Enterprises (SOEs) through capital Ltd. with 100,00% Mandiri Securities Pte Ltd
shareholding 12. Marina View #19-06.
injection, venture funding, and other forms of collaboration while remain
Singapore 018961
compliant with regulations governing venture capital activities. Telp: +65 6589 3880 (DD)
Fax: +65 6844 9236
Website: www.
Address Menara Mandiri II Lt. 14 mandirisekuritas.co.id
Jl. Jend. Sudirman. Kav. 54-55, Jakarta 12190 PT Mitra Payment Services Ownership through 2016 Operating 1,741,960 Jakarta
Transaksi Provider and Mandiri Capital
Telp : (021) 5266661 Indonesia Payment System with 99.999998% Millennium Centennial Centre
Email : info@mandiri-capital.co.id (Yokke) Supporting Operator shareholding Jl. Jend. Sudirman Kav. 25,
17th Floor,
Website : www.mandiri-capital.co.id Jakarta Selatan, 12920.
Key Management Board of Commissioners Telp: (021) 80628787
Website: www.yokke.co.id
• Commissioner Utama: Lowong
*Audited Subsidiary Company Financial Report, except Yokke (Unaudited)
• Commissioner Independen: Alamanda Shantika
Board of Directors
• President Director: Ronald Samuel Simorangkir
• Director: Wisnu Setiadi
*Audited Subsidiary Company Financial Report
PT BANK MANDIRI (PERSERO) TBK 204 205 ANNUAL REPORT 2024
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COMPANY PROFILE
SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES SUBSIDIARIES, SUB-SUBSIDIARIES AND/OR ASSOCIATES
ASSOCIATES
PT Kustodian Sentral Shareholding 10.00% PT PANN (Persero) Shareholding 6.96%
Efek Indonesia (KSEI) Establishment 1997 Establishment 16 May 1974
Depository and Financing Services for
Operational Status Operating Operational Status Non-Operating
Settlement Institution the Procurement of
(LPP) in Indonesia Total Assets Rp3.74 trillion (as of Commercial Ships in Total Assets 983.24
Capital Market December 2023) Indonesia
Company Profile PT Kustodian Sentral Efek Indonesia (KSEI) is a Depository and Settlement Company Profile PT PANN (Persero) was established on 16 May 1974 based on the
Institution (LPP) in Indonesia capital market, established on 23 December Republic of Indonesia Government Regulation No. 18 of 1974 concerning
1997 in Jakarta, and obtained an operating license on 11 November 1998. the establishment of Persero in the field of National Commercial Fleet
Pursuant to Law No. 8 of 1995 regarding the Capital Market, KSEI performs Development. Bank Mandiri’s ownership in PT PANN is a pure participation
its functions as LPP in Indonesia capital market by providing centralized of Bapindo’s ex-legacy to fulfill the procurement of Commercial Ships in
custodian services and well-regulated, proper and efficient Security Indonesia. The Capital Structure and the composition of PT PANN (Persero)
settlement services. Currently, KSEI’s shareholders consist of 22 Securities share ownership based on Deed No. 04 of 2021 are: the Government of the
Companies, 8 Custodian Banks, 2 Securities Administration Agencies and Republic of Indonesia at 93.04%, and Bank Mandiri (ex-Bapindo) at 6.96%.
2 SROs (Self-Regulatory Organizations) whereby Bank Mandiri is one of the PT PANN is a financing company that also finances the procurement of
custodian banks that holds 10% of KSEI’s shares. Commercial Vessels in Indonesia. The company is engaged in the financing
of national commercial ships which focuses on financing middle-class and
Address Address lower-class shipping companies with financing mechanisms in Financial
Gedung Bursa Efek Indonesia Tower 1 Lt.5 Lease, Purchase on Installment / Buy Installment, Sale and Lease Back and
Jl. Jend. Sudirman Kav. 52-53. Factoring. PT PANN (Persero) is in the process of dissolution according to
Jakarta 12190 the Minutes of the Extraordinary General Meeting of Shareholders of PT
Telp : (021) 515 2855 PANN (Persero) No. 05 dated 11 October 2023. Based on Government
Fax : (021) 5299 1199 Regulation (PP) No. 43 dated 17 October 17 2024, it has been decided
Call Center : (021) 0800 186 5734 to dissolve PT PANN (Persero) and currently the dissolution process is still
Website : www.ksei.co.id in the stage of requesting the organization of a dissolution GMS and the
appointment of a liquidator by the Ministry of SOEs.
Address Jl. Cikini IV No. 11 Jakarta 10350
Telp: (021) 31922003
Website: www.pannmf.co.id/
PT BANK MANDIRI (PERSERO) TBK 206 207 ANNUAL REPORT 2024
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COMPANY PROFILE
SHARES LISTING CHRONOLOGY SHARES LISTING CHRONOLOGY
A Dwiwarna Share owned Initial Public Offering
by the Republic of Indonesia On 14 July 2003, Bank Mandiri On 14 July 2003, 19,800,000,000 Shareholding Divestment Bank Mandiri has issued Implementation of the
and is not transferable. The conducted an Initial Public of Bank Mandiri’s Ordinary by the Government 2,336,838,591 shares with pre- Stock Split
shares issued by Bank Mandiri Offering (IPO) of 4,000,000,000 Shares B Series es have been On 11 March 2004, the emptive rights with par value of Pursuant to the resolutions of
consist of Series es A Dwiwarna Ordinary Shares B Series es listed on Jakarta and Surabaya Government divested an Rp500 (full amount) per share the Extraordinary GMS dated
Shares and Common Shares on with a par value of Rp500 (full Stock Exchanges based on additional 10.00% ownership in determined on 25 January 2011 21 August 2017 as set forth
Series es B. Name of Common amount) per share sold at the letter of approval from Bank Mandiri or amounted to and trading period starting 14 in the Deed No. 36 dated 24
Stock on behalf of Series es B Rp675 (full amount) per share. Jakarta Stock Exchange No. 2,000,000,000 Ordinary Shares February 2011 to 21 February August 2017, made before
offered entirely consisting of The IPO to the public was a S-1187/BEJ.PSJ/07-2003 dated B Series es through private 2011 with an offering price of Ashoya Ratam SH, Mkn, the
divested shares of the Republic divestment of 20.00% of Bank 8 July 2003 and Surabaya Stock placements. Rp5,000 (full amount) per share. shareholders of Bank Mandiri,
of Indonesia which give the Mandiri’s shares owned by the Exchange No. JKT-028/LIST/BES/ among others, approved the
holders equal and equal rights Government. VII/2003 dated 10 July 2003. Limited Public Offering The Government of the stock split of the Company
in all matters with Common To strengthen its capital Republic of Indonesia as Bank from Rp500 (full amount) per
Stock On behalf of other B structure, Bank Mandiri Mandiri’s majority shareholder share to Rp250 (full amount)
Series es, Bank Mandiri has increased the issued and paid- did not exercise their right per share hence the issued
been placed and fully paid. up capital through Limited to acquire the Rights Issue, capital became 46,666,666,666
Public Offering (Rights Issue) however transferred the shares shares consisting of 1 share
with Pre-Emptive Rights. With to other public shareholders, of Dwiwarna Series es A and
regards to this Rights Issue, hence the Government’s 46,666,666,665 shares of Series
Bank Mandiri has submitted shareholding percentage es B. The implementation of the
the first and second registration composition was reduced or stock split was effective on 13
statements to Bapepam-LK diluted from 66.68% prior to the September 2017.
on 26 December 2010 and Rights Issue period to 60.00%
18 January 2011. Bapepam- following the implementation
LK under the Chairman of of the Rights Issue.
Bapepam and LK’s Letter No
S-807/BL/2011 dated 27 January
2011 stated that the LPO
registration with Bank Mandiri’s
Rights Issue has been effective
and also obtained approval
from the shareholders in
accordance with the decision
result of the Extraordinary GMS
on 28 January 2011.
PT BANK MANDIRI (PERSERO) TBK 208 209 ANNUAL REPORT 2024
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COMPANY PROFILE
SHARES LISTING CHRONOLOGY SHARES LISTING
The entire shares are listed on the Indonesia Stock Exchange
Number of Issued and Paid-up Capital
Value Offer Price
Bank Mandiri Stock Split in 2017 No. Period Description Share
(Rp) (Rp)
Issued
Total Offering
Share Amount of Share Total Nominal (Rp)
Price (Rp)
Shareholders (Number of Outstanding Shares) Number of
1 Before IPO
Government Public Nominal Outstanding - - - - - 20,000,000,000 10,000,000,000,000 -
Description
(Rp) Shares
Total % Total % 2 14 July 2003 Initial Public Series es
500 675 4,000,000,000 20,000,000,000 10,000,000,000,000 13,500,000,000,000
Offering B shares
Before stock split 14,000,000,000 60 9,333,333,333 40 500 23,333,333,333 3 11 March Divestasi Series es
2004 saham B shares 500 1,450 2,000,000,000 20,000,000,000 10,000,000,000,000 29,000,000,000,000
After stock split 28,000,000,000 60 18,666,666,666 40 250 46,666,666,666 Pemerintah
4 2004 MSOP I Series es
500 742,50 132,854,872 20,132,854,872 10,066,427,436,000 -
Conversion*) B shares
The Government further divested 10.00% of its Based on the resolution of the Annual GMS dated
5 2005 MSOP I Series es
500 742,50 122,862,492 20,255,717,364 10,127,858,682,000 -
shareholding in Bank Mandiri or 2,000,000,000 14 March 2023 as set forth in the Deed No. 12, Conversion*) B shares
Common Shares B Series es through private dated 16 March 2023, made before Utiek R. 6 2006 MSOP I Series es
500 742,50 71,300,339 20,327,017,703 10,163,508,851,500 -
Conversion*) B shares
placements. This action did not increase the Abdurachman S.H., MLI., M.Kn., the shareholders 7 2006 MSOP I Series es
500 1,190,50 304,199,764 20,631,217,467 10,315,608,733,500 -
number of outstanding shares in public. The of Bank Mandiri, among others, approved the Conversion*) B shares
8 2007 MSOP I Series es
Government also divested 20.00% of its shares in Bank’s stock split from Rp250 (full value) per share Conversion*) B shares
500 742,50 40,240,621 20,671,458,088 10,335,729,044,000 -
Bank Mandiri as an initial public offering to the to Rp125 (full value) per share, hence the issued 9 2007 MSOP I Series es
500 1,190,50 343,135 20,671,801,223 10,335,900,611,500 -
public amounted to 4,000,000,000 shares, hence capital becomes a total of 93,333,333,332 shares Conversion*) B shares
10 2007 MSOP I Series es
not increasing the number of outstanding shares. consisting of 1 (one) Series es A Dwiwarna share Conversion*) B shares
500 1,495,08 77,750,519 20,749,551,742 10,374,775,871,000 -
After the stock split, the share price of Bank and 93,333,333,331 Series es B shares. The Series 11 2008 MSOP I Series es
500 742,50 8,107,633 20,757,659,375 10,378,829,687,500 -
Conversion*) B shares
Mandiri share stood at Rp6,700 from the previous es A Dwiwarna shares owned by the Government
12 2008 MSOP I Series es
Rp13,400, with a stock split ratio of 1: 2. of the Republic of Indonesia will be retained 1 Conversion*) B shares
500 1,190,50 399,153 20,758,058,528 10,379,029,264,000 -
(one) share and the rest will be calculated to add 13 2008 MSOP I Series es
500 1,495,08 147,589,260 20,905,647,788 10,452,823,894,000 -
Conversion*) B shares
Series es B shares owned by the Government of
14 2009 MSOP I Series es
500 1,190,50 86,800 20,905,734,588 10,452,867,294,000 -
the Republic of Indonesia. The stock split will be Conversion*) B shares
effective on 6 April 2023. 15 2009 MSOP I Series es
500 1,495,08 64,382,217 20,970,116,805 10,485,058,402,500 -
Conversion*) B shares
16 2010 MSOP I Series es
500 1,190,50 6,684,845 20,976,801,650 10,488,400,825,000 -
Conversion*) B shares
17 2010 MSOP I Series es
500 1,495,08 19,693,092 20,996,494,742 10,498,247,371,000 -
Conversion*) B shares
Stock Split Bank Mandiri Years 2023 18 14 February- Limited Public Series es
2,336,838,591
Shareholders (Number of Outstanding Shares) Number of 21 February Offering B shares 500 5,000
23,333,333,333
11,666,666,666,500 116,666,666,666,666 5,000
Nominal 2011 through
Description Government Public Outstanding
(Rp) 19 13 Stock Split -
Total % Total % Shares September (rasio 1:2) 250 - - 46,666,666,666 - -
2017
Before stock split 28,000,000,000 60 18,666,666,666 40 250 46,666,666,666
20 14 March Stock Split Series es
After stock split 48,533,333,334 52 44,799,999,998 48 125 93,333,333,332 2023 (rasio 1:2) B shares
125 - - 93,333,333,332 - -
*) Information regarding the date of implementation of the MSOP conversion can be seen in the description of the Employee and/or Management Share Ownership Program in this Annual
Report.
PT BANK MANDIRI (PERSERO) TBK 210 211 ANNUAL REPORT 2024
Page 107
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
CHRONOLOGY
To support business growth and strengthen its Bank Mandiri Shelf Registration Bonds I Phase Bank Mandiri Shelf Registration Bonds I Phase Bank Mandiri Shelf Registration Environmental
medium and long-term funding structure, Bank I Year 2016 III Year 2018 Bonds I Phase I Year 2023
Mandiri has issued bonds denominated in Rupiah On 30 September 2016, Bank Mandiri issued Bank On 21 September 2018, Bank Mandiri issued Bank On 4 July 2023, Bank Mandiri issued Bank Mandiri
several times. The Rupiah Bonds consisted of Bank Mandiri Shelf Registration Bonds I Phase I Year 2016 Mandiri Shelf Registration Bonds I Phase III Year Shelf-Registration Green Bonds I Phase I Year 2023
Mandiri Rupiah Subordinated Bonds I in 2009 then (Shelf Registration Bonds I Phase I) with par value 2018 (Shelf Registration Bonds I Phase III) with par (“Green Bonds I Phase I”) with a par value of
followed by the issuance of Bank Mandiri Shelf- of Rp5,000,000,000,000 consisting of 3 (three) value of Rp3,000,000,000,000 consisting of 1 (one) Rp5,000,000,000,000 consisting of 2 (two) Series es.
Registration Bonds I with total proceed amounting Series es. Series es with a tenor of 5 (five) years.
to Rp14 trillion with a tenor of 3 (three) to 10 (ten) Interest on Green Bonds I Phase I was paid
years issued gradually from 2016 to 2018. In 2020, The interest of Shelf Registration Bonds I Phase The interest is paid quarterly, with the first payment quarterly with the first interest payment made on
Bank Mandiri issued Shelf-Registration Bond II with I is paid quarterly, with the first interest payment made on 12 December 2018. The last interest 4 October 2023. The last interest payment and
a total proceed of Rp1 trillion with a tenor of 5 on 30 December 2016. The last interest payment payment and principal repayment or the bonds’ principal repayment which is the maturity date of
(five) and 7 (seven) years. In 2023, Bank Mandiri and principal repayment, which is the bond’s maturity date are 21 September 2023. The trustee the bonds is 4 July 2026 for Series es A and 4 July
issued Shelf-Registration Green Bonds I with a maturity date, is 30 September 2021 for Series of the Shelf Registration Bonds I Phase III is PT Bank 2028 for Series es B. The trustee of the issuance of
maximum value of Rp10 trillion which will be issued es-A, 30 September 2023 for Series es-B, and 30 Permata Tbk. Green Bonds I Phase I is PT Bank Negara Indonesia
in stages, with the realization of Phase I issuance September 2026 for Series es-C. The trustee of (Persero) Tbk.
as of December 2023 amounted to Rp5 trillion. Shelf Registration Bonds I Phase I issuance is PT Bank Mandiri Shelf Registration Bonds II Phase
Bank Tabungan Negara (Persero) Tbk. I Year 2020 The Exchange Where the Bonds are Listed
Bank Mandiri Rupiah Subordinated Bonds I On 12 May 2020, Bank Mandiri issued Bank Mandiri All of Bank Mandiri’s bonds have been listed on
Year 2009 Bank Mandiri Shelf Registration Bonds I Phase Shelf Registration Bonds II Phase I Year 2020 (Shelf the Indonesia Stock Exchange.
To strengthen the capital structure for business II Year 2017 Registration Bonds II Phase I) with par value of
development, on 14 December 2009, Bank On 15 June 2017, Bank Mandiri issued Bank Mandiri Rp1,000,000,000,000 consisting of 2 (two) Series es.
Mandiri issued Bank Mandiri Rupiah Subordinated Shelf Registration Bonds I Phase II Year 2017 (Shelf
Bonds I of 2009 (subordinated bond) amounted Registration Bonds I Phase II) with par value of The interest of Shelf Registration Bonds II Phase I
to Rp3,500,000,000,000. The proceed from this Rp6,000,000,000,000 consisting of 4 (four) Series es. is paid quarterly with the first payment made on
exercise is allocated as complementary capital 12 August 2020. The last interest payment and
(lower tier 2) in accordance with Bank Indonesia Shelf Registration Bonds I Phase II Series es A, Series principal repayment or the bonds’ maturity date
regulations. es B, and Series es C are offered at a value of 100% are 12 May 2025 for Series es-A and 12 May 2027
(one hundred percent) of the principal amount of for Series es-B. The trustee of the Shelf Registration
The subordinated bonds received an approval the bonds. Bond interest is paid quarterly, with the Bonds II Phase I is PT Bank Permata Tbk.
from Bank Indonesia through letter No. 11/III/ first interest payment on 15 September 2017. The
DPB1/TPB1-1 dated 14 September 2009 and the last interest payment and principal repayment
effective statement of the Financial Services or the bonds’ maturity date are 15 June 2022 for
Authority (formerly the Capital Market & Financial Series es-A, 15 June 2024 for Series es-B, and 15
Institution Supervisory Agency-Bapepam and LK) June 2027 for Series es-C.
based on a letter from the Chairman of Bapepam
and LK No. S-10414/BL/2009 dated 3 December The D Series es bonds were offered without any
2009. interest at a price of 79.3146% (seventy-nine point
three one four six percent) of the principal amount
Bank Mandiri has listed the subordinated bonds in of the bonds, with a maturity date of 15 June
Indonesia Stock Exchange (IDX) on 14 December 2020. The principal payment of the bonds has
2009 in accordance with the announcement of been paid in full on the maturity date. The trustee
Bank Mandiri subordinated bonds registration of Shelf-Registered Bonds I Phase II issuance is PT
by IDX dated 11 December 2009. The maturity Bank Tabungan Negara (Persero) Tbk.
period of subordinated bonds is 7 (seven) years
and have matured on 11 December 2016, issued
without any draft with a fixed interest rate of
11.85% per annum. The trustee of subordinated
bonds is PT Bank Permata Tbk.
PT BANK MANDIRI (PERSERO) TBK 212 213 ANNUAL REPORT 2024
Page 108
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
CHRONOLOGY
BONDS ISSUANCE CHRONOLOGY SUSTAINABLE BONDS INTEREST PAYMENT CHRONOLOGY
Ratings
Bonds
Total Interest
Bank Mandiri Shelf Registration Bonds I Phase I Year 2016
No. Description Distribution Tenor Currency
Bonds
Offering Price Maturity Date
Rate Payment Status
2024 2023 2022 Trustee Interest
Electronic Date
(billion) Payment Date Payment Status
1. Bank Mandiri 14 December 7 years Rp 3.500 100% from 11 December 11,85% Completed - - - Bank
Rupiah 2009 total bonds 2016 Permata
Series A
Subordinated principal 1. 30 December 2016
Bonds I Year
2009 2. 30 March 2017
2. Bank Mandiri 30 September Series A: Rp 5.000 100% from Series A: 30 Series A: Series A dan B idAAA by Pefindo Bank 3. 30 June 2017
Shelf Registration 2016 5 years total bonds September 7,95% Completed Tabungan
Bonds I Phase I principal 2021 Negara 4. 30 September 2017
Year 2016 Series B: Series B:
7 years Series B: 30 8,50% Series C 5. 30 December 2017
September Outstanding
Series C: 2023 Series C: 6. 30 March 2018
10 years 8,65%
Series C: 30 7. 30 June 2018
September
2026
8. 30 September 2018
9. 30 December 2018
idAAA by Pefindo
3. Bank Mandiri 15 June Series A: Rp 6.000 Series A-C Series A: 15 Series A: Series A, B, dan Bank
Shelf Registration 2017 5 years 100% from June 2022 8,00% D Completed Tabungan
10. 30 March 2020
Bonds I Phase total bonds Negara
Completed
11. 30 June 2020
II Year Series B: principal Series B: 15 Series B: Series C
2017*) 7 years June 2024 8,50% Outstanding 12. 30 September 2019
Series D
Series C: 79.3146% from Series C: 15 Series C: 13. 30 December 2019
10 years total bonds June 2027 8,65%
principal 14. 30 March 2020
Series D: Series D: 15 Series D:
3 years June 2020 7,80%* 15. 30 June 2020
4. Bank Mandiri 21 5 years Rp 3.000 100% from 21 8,50% Completed idAAA by Pefindo Bank 16. 30 September 2020
Shelf Registration September total bonds September Permata
Bonds I Phase III 2018 principal 2023 17. 30 December 2020
Year 2018
18. 30 March 2021
5. Bank Mandiri 12 May 2020 Series Rp 1.000 100% from Series A: 12 Series A: idAAA by Pefindo
Outstanding Bank
Shelf Registration A: 5 total bonds May 2025 7,75% Permata 19. 30 June 2021
Bonds II Phase I Years principal
Year 2020 Series B: 12 Series B: 20. 30 September 2021
Series B: May 2027 8,30%
7 Years
Series B
6. Bank Mandiri 4 July 2023 Series A: Rp 5.000 100% from Series A: 4 Series A: Outstanding idAAA by Pefindo Bank 1. 30 December 2016
Shelf Registration 3 Years total bonds July2026 5,80% Negara
Environmentally principal Indonesia
2. 30 March 2017
Conscious Bonds Series B: Series B: 4 Series B: 3. 30 June 2017
I Phase I Year 5 Years July 2028 6,10%
2023 4. 30 September 2017
*Bank Mandiri Shelf Registration Bonds I Phase II Year 2017 Series es D were held without coupons (zero coupon bonds) with an issued value of Rp1 trillion. 5. 30 December 2017
6. 30 March 2018
7. 30 June 2018
8. 30 September 2018
9. 30 December 2018
10. 30 March 2020
11. 30 June 2020
12. 30 September 2019
13. 30 December 2019
14. 30 March 2020
15. 30 June 2020 Completed
16. 30 September 2020
17. 30 December 2020
18. 30 March 2021
19. 30 June 2021
20. 30 September 2021
21. 30 December 2021
22. 30 March 2022
23. 30 June 2022
24. 30 September 2022
25. 30 December 2022
26. 30 March 2023
27. 30 June 2023
28. 30 September 2023
PT BANK MANDIRI (PERSERO) TBK 214 215 ANNUAL REPORT 2024
Page 109
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING CHRONOLOGY BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
Bank Mandiri Shelf Registration Bonds I Phase I Year 2016 Bank Mandiri Shelf Registration Bonds I Phase II Year 2017
Interest
Interest Payment Date Payment Status
Payment Date Payment Status
Series A
Series C
1. 15 September 2017
1. 30 December 2016
2. 15 December 2017
2. 30 March 2017
3. 15 March 2018
3. 30 June 2017
4. 15 June 2018
4. 30 September 2017
5. 15 September 2018
5. 30 December 2017
6. 15 December 2018
6. 30 March 2018
7. 15 March 2019
7. 30 June 2018
8. 15 June 2019
8. 30 September 2018
9. 15 September 2019
9. 30 December 2018
10. 15 December 2019
10. 30 March 2019 Completed
11. 15 March 2020
11. 30 June 2019
12. 15 June 2020
12. 30 September 2019
13. 15 September 2020
13. 30 December 2019
14. 15 December 2020
14. 30 March 2020
15. 15 March 2021
15. 30 June 2020
16. 15 June 2021
16. 30 September 2020
17. 15 September 2021
17. 30 December 2020 Completed
18. 15 December 2021
18. 30 March 2021
19. 15 March 2022
19. 30 June 2021
20. 15 June 2022
20. 30 September 2021
Series B
21. 30 December 2021
1. 15 September 2017
22. 30 March 2022
2. 15 December 2017
23. 30 June 2022
3. 15 March 2018
24. 30 September 2022
4. 15 June 2018
25. 30 December 2022
5. 15 September 2018
26. 30 March 2023
6. 15 December 2018
27. 30 June 2023
7. 15 March 2019
28. 30 September 2023
8. 15 June 2019
29. 30 December 2023
9. 15 September 2019
30. 30 March 2024
10. 15 December 2019
31. 30 June 2024
11. 15 March 2020
32. 30 September 2024
12. 15 June 2020
33. 30 December 2024
13. 15 September 2020
34. 30 March 2025
14. 15 December 2020
35. 30 June 2025 Completed
15. 15 March 2021
36. 30 September 2025
16. 15 June 2021
37. 30 December 2025 Not yet due
17. 15 September 2021
38. 30 March 2026
18. 15 December 2021
39. 30 June 2026
19. 15 March 2022
40. 30 September 2026
20. 15 June 2022
21. 15 September 2022
22. 15 December 2022
23. 15 March 2023
24. 15 June 2023
25. 15 September 2023
26. 15 December 2023
27. 15 March 2024
28. 15 June 2024
PT BANK MANDIRI (PERSERO) TBK 216 217 ANNUAL REPORT 2024
Page 110
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING CHRONOLOGY BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
Bank Mandiri Shelf Registration Bonds I Phase II Year 2017 Bank Mandiri Shelf Registration Bonds II Phase I Year 2020
Interest Interest
Payment Date Payment Status Payment Date Payment Status
Series C Series A
1. 15 September 2017 1. 12 August 2020
2. 15 December 2017 2. 12 November 2020
3. 15 March 2018 3. 12 February 2021
4. 15 June 2018 4. 12 May 2021
5. 15 September 2018 5. 12 August 2021
6. 15 December 2018 6. 12 November 2021
7. 15 March 2019 7. 12 February 2022
8. 15 June 2019 8. 12 Mei 2022
9. 15 September 2019 9. 12 August 2022 Completed
10. 15 December 2019 10. 12 November 2022
11. 15 March 2020 11. 12 February 2023
12. 15 June 2020 12. 12 May 2023
13. 15 September 2020 13. 12 August 2023
14. 15 December 2020 14. 12 November 2023
15. 15 March 2021 15. 12 February 2024
Completed
16. 15 June 2021 16. 12 May 2024
17. 15 September 2021 17. 12 August 2024
18. 15 December 2021 18. 12 November 2024
19. 15 March 2022 19. 12 February 2025 Not yet due
20. 15 June 2022 20. 12 May 2025
21. 15 September 2022 Series B
22. 15 December 2022 1. 12 August 2020
23. 15 March 2023 2. 12 November 2020
24. 15 June 2023 3. 12 February 2021
25. 15 September 2023 4. 12 May 2021
26. 15 December 2023 5. 12 August 2021
27. 15 March 2024 6. 12 November 2021
28. 15 June 2024 7. 12 February 2022
29. 15 September 2024 8. 12 May 2022
30. 15 December 2024 9. 12 August 2022
Completed
31. 15 March 2025 10. 12 November 2022
32. 15 June 2025 11. 12 February 2023
33. 15 September 2025 12. 12 May 2023
34. 15 December 2025 13. 12 August 2023
35. 15 March 2026 14. 12 November 2023
Not yet due
36. 15 June 2026 15. 12 February 2024
37. 15 September 2026 16. 12 May 2024
38. 15 December 2026 17. 12 August 2024
39. 15 March 2027 18. 12 November 2024
40. 15 June 2027 19. 12 February 2025
20. 12 May 2025
21. 12 August 2025
22. 12 November 2025
23. 12 February 2026
Not yet due
24. 12 May 2026
25. 12 August 2026
26. 12 November 2026
27. 12 February 2027
28. 12 May 2027
PT BANK MANDIRI (PERSERO) TBK 218 219 ANNUAL REPORT 2024
Page 111
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING CHRONOLOGY BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
Bank Mandiri Shelf Registration Environmental Bonds I Phase I Year 2023 CHRONOLOGY OF OTHER ISSUANCE AND/OR LISTING OF SECURITIES
Interest
Payment Date Payment Status
Series A Negotiable Certificates of Deposit (NCD)
1. 4 October 2023 On 25 May 2015, Bank Mandiri issued a Negotiable Certificate of Deposit (NCD) I PT Bank Mandiri (Persero)
2. 4 January 2024 Tbk Phase I 2015 Series A, B, C, D, and E with a total of Rp2,600,000,000,000.
3. 4 April 2024 Completed
4. 4 July 2024
On 16 December 2016, Bank Mandiri issued a Negotiable Certificate of Deposit (NCD) II PT Bank Mandiri
5. 4 October 2024
6. 4 January 2025
(Persero) Tbk Year 2016 Series A, B, C, and D with a total of Rp2,662,000,000,000.
7. 4 April 2025
8. 4 July 2025 The Exchanges Where the NCDs are Listed
9. 4 October 2025 Not yet due All of Bank Mandiri’s NCDs are listed on the Indonesia Stock Exchange.
10. 4 January 2026
11. 4 April 2026 Negotiable Certificates of Deposit Issuance Chronology
12. 4 July 2026 Value Interest Payment
Series B Description Issuance Date Tenor Currency Maturity Date
(Rp) Rate Status
1. 4 October 2023 NCD Tahap I
2. 4 January 2024
NCD I PT Bank 25 May 2015 184 Rp 848 25 November 8,00% Completed
3. 4 April 2024 Completed Mandiri (Persero) Calendar 2015
4. 4 July 2024 Tbk Years 2015 Day
5. 4 October 2024 Series A
6. 4 January 2025 NCD I PT Bank 25 May 2015 276 Rp 440 25 February 8,10% Completed
7. 4 April 2025 Mandiri (Persero) Calendar 2016
8. 4 July 2025 Tbk Years 2015 Day
9. 4 October 2025 Series B
10. 4 January 2026 NCD I PT Bank 25 May 2015 367 Rp 987 26 May 2016 8,50% Completed
11. 4 April 2026 Mandiri (Persero) Calendar
12. 4 July 2026 Tbk Years 2015 Day
13. 4 October 2026 Not yet due Series C
14. 4 January 2027
15. 4 April 2027 NCD I PT Bank 25 May 2015 458 Rp 175 25 August 2016 8,65% Completed
16. 4 July 2027 Mandiri (Persero) Calendar
Tbk Years 2015 Day
17. 4 October 2027
Series D
18. 4 January 2028
NCD I PT Bank 25 May 2015 550 Rp 150 25 November 8,75% Completed
19. 4 April 2028
Mandiri (Persero) Calendar 2016
20. 4 July 2028 Tbk Years 2015 Day
Series E
NCD Tahap II
NCD II PT Bank 16 December 370 Rp 927 21 December 7,55% Completed
Mandiri (Persero) 2016 Calendar 2017
Tbk Years 2016 Day
Series A
NCD II PT Bank 16 December 546 Rp 500 15 June 2018 8,00 % Completed
Mandiri (Persero) 2016 Calendar
Tbk Years 2016 Day
Series B
NCD II PT Bank 16 December 728 Rp 350 14 December 8,20 % Completed
Mandiri (Persero) 2016 Calendar 2018
Tbk Years 2016 Day
Series C
NCD II PT Bank 16 December 1.092 Rp 885 13 December 8,40 % Completed
Mandiri (Persero) 2016 Calendar 2019
Tbk Years 2016 Day
Series D
PT BANK MANDIRI (PERSERO) TBK 220 221 ANNUAL REPORT 2024
Page 112
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING CHRONOLOGY BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
ASSET-BACKED SECURITY OF PARTICIPATION LETTER BMRI 01 CLASS A PT Mandiri Sekuritas, PT Trimegah Sekuritas Banks. On 20 July 2023, Subordinated MTN II has
Indonesia Tbk. (jointly acting as as Arrangers), obtained the approval from FSA to be treated as
On 26 August 2016, Asset-backed Security of Participation Letter BMRI 01 Class A (EBA-SP) has been reg- and PT Bank Negara Indonesia (Persero) Tbk. supplementary capital components (Tier 2).
istered to Indonesia Stock Exchange with the total principal amount of Rp456.5 million with PT Sarana (acting as Monitoring Agent). The Bank Mandiri
Multigriya Finansial (Persero) as the issuer. Subordinated MTN II Year 2023 was carried out The Exchange Where the MTNs are Listed
through private placements. Bank Mandiri’s Subordinated MTNs have been
The Exchange Where the EBA-SPs are Listed listed at Indonesia Stock Exchange.
All of Bank Mandiri’s EBA-SP has been listed at Indonesia Stock Exchange. The Bank Mandiri Subordinated MTN II Year 2023
was issued to fulfill POJK No. 14/POJK.03/2017
Other Securities Issuance Chronology regarding the Recovery Plan of Systemic
Weighted Share
Issuance Issued Interest Payment
No Description Average Currency Value Maturity Date Trustee
Date Date
Live (billion)
Rate Status Bank Mandiri Medium Term Notes (MTN) Issuance Chronology
1 EBA SP SMF-BMRI 26 August 19 August 3 Years Rp 103.5 27 October Tetap. Current BRI
Bonds Ratings
01 Kelas 2016 2016 2029 8.6% per Total Maturity Interest Payment Monitoring
Description Disbursement Tenor Currency
A Series A1 Years (Billion) Date Rate Status 2024 2023 2022 Agents
Electronic Date
Kode EBA:
Medium Term 31 July 2018 5 Years Rp 500 31 July 8,50% Completed -* idAA idAA Bank
SPSSMFMRI01A1 Notes (MTN) 2023 per years (Double (Double Permata
Kode ISIN: Subordinasi 3 (fixed) A) A)
IDU0000011A5 IBank Mandiri
2 EBA SP SMF-BMRI 26 August 19 August 5 years Rp 353 27 October Tetap. Current BRI Years 2018
01 Kelas 2016 2016 2029 9.1% per Medium Term 23 June 2023 5 Years Rp 100 23 June 6,95% Outstanding IdAA IdAA - PT Bank
A Series A2 years Notes (MTN) 2028 per (Double (Double Negara
Subordinasi II years A) A) Indonesia
Kode EBA:
Bank Mandiri (Persero)
SPSSMFMRI01A2 Years 2023 Tbk.
Kode ISIN:
Has been paid off in 2023, so no ranking has been conducted.
IDU0000012A3
Bank Mandiri Subordinated Medium Term Notes (MTN) II Year 2023 Payment Chronology
The first interest payment has been made on 27 Warsito, SH, Notary in Jakarta, by the Company
November 2016. Interest is paid with principal (as Issuer), PT Bahana Sekuritas, PT BCA Sekuritas, Interest Payment Date Payment Status
payments every three months on the 27th of No- PT BNI Sekuritas, PT Danareksa Sekuritas, PT Mandiri 1 23 September 2023
vember, February, May and August each year Sekuritas and PT Trimegah Sekuritas Indonesia 2 23 December 2023
3 23 March 2024
through KSEI. The first interest payment has been Tbk (jointly acting as Arrangers and Monitoring Completed
4 23 June 2024
made on 27 November 2016. The EBA SP SMF-BM- Agents). The Mandiri Subordinated MTN was
5 23 September 2024
RI 01 Class A Series A1 is expected to be paid off carried out through private placements.
6 23 December 2024
early (before 27 October 2029) as the collection 7 23 March 2025
of bills has a weighted average live of 3 years. The Mandiri Subordinated MTN was issued to 8 23 June 2025
Similarly, the SMFBMRI EBA SP 01 Class A Series A2 fulfill POJK No. 14/POJK.03/2017 regarding the 9 23 September 2025
is expected to be paid off early as the collection Recovery Plan of Systemic Banks. The issuance 10 31 January 2021
of bills has a weighted average live of 5 years. of MTN has obtained the approval of the Annual 11 31 April 2021
GMS dated 21 March 2018. 12 23 June 2026
BANK MANDIRI SUBORDINATED MEDIUM TERM 13 23 September 2026
Not yet due
14 23 December 2026
NOTES Bank Mandiri Subordinated Medium Term
15 23 March 2027
Notes II Year 2023
16 23 June 2027
Bank Mandiri Subordinated Medium Term On 23 June 2023, Bank Mandiri issued the Bank
17 23 September 2027
Notes I Year 2018 Mandiri Subordinated Medium Term Notes (MTN) 18 23 December 2027
On 27 July 2018, Bank Mandiri Subordinated II Year 2023 with a par value of Rp100,000,000,000 19 23 March 2028
Medium Term Notes (MTN) I Year 2018 (Mandiri based on Issuance Agreement of Mandiri 20 23 June 2028
Subordinated MTN) was issued valued at Subordinated MTN No. 17 dated 14 Juni 2023,
Rp500,000,000,000 based on Issuance Agreement made before Nanette Cahyanie Handari Adi
and Appointment of Monitoring Agent of Mandiri Warsito, SH, Notary in Jakarta, by the Company
Subordinated MTN No. 65 dated 27 July 2018, (as Issuer), PT Bahana Sekuritas, PT BNI Sekuritas, PT
made before Nanette Cahyanie Handari Adi BRI Danareksa Sekuritas, PT CIMB Niaga Sekuritas,
PT BANK MANDIRI (PERSERO) TBK 222 223 ANNUAL REPORT 2024
Page 113
COMPANY PROFILE
BONDS ISSUANCE AND/OR LISTING CHRONOLOGY BONDS ISSUANCE AND/OR LISTING CHRONOLOGY
MEDIUM TERM NOTES SUBORDINASI BANK year with a tenor of 5 years. The bonds were
MANDIRI issued at a value of 98.913% of the principal. Kronologis Pembayaran Bunga Euro Medium Term Notes (EMTN)
Bond interest is paid semi-annually, with the first
On 11 April 2019, Bank Mandiri issued Euro interest payment on 19 October 2021. The last Bank Mandiri Euro Medium Term Notes (EMTN) 2019
Interest
Medium Term Notes (EMTN) with a nominal value interest payment and principal repayment, which Payment Date Payment Status
of US$750,000,000 (full amount) on the Singapore is the bond’s maturity, will be on 19 April 2026. The 1 11 October 2019
Exchange (SGX). The interest rate was 3.75% per proceeds from Sustainability Bonds issuance will 2 11 April 2020
year with a tenor of 5 years. The bonds were issued be used to finance or re-finance environmental 3 11 October 2020
at a value of 98.998% of the principal amount. and social projects or activities according to the 4 11 April 2021
Bond interest is paid semi-annually, with the first criteria set out in Bank Mandiri’s Sustainability 5 11 October 2021
Completed
interest payment on 11 October 2019. The last Bond Framework. 6 11 April 2022
interest payment and principal repayment, which 7 11 October 2022
is the bond’s maturity, will be on 11 April 2024. On 4 April 2023, Bank Mandiri issued Euro Medium 8 11 April 2023
Term Notes (EMTN) with a nominal value of 9 11 October 2023
On 13 May 2020, Bank Mandiri issued Euro US$300,000,000 (full amount) on the Singapore 10 11 April 2024
Medium Term Notes (EMTN) with a nominal value Exchange (SGX). The interest rate was 5.50% per
of US$500,000,000 (full amount) on the Singapore year with a tenor of 3 years. The bonds were issued Bank Mandiri Euro Medium Term Notes (EMTN) 2020
Interest
Exchange (SGX). The interest rate was 4.75% per at a value of 98.58% of the principal amount. Bond Payment Date Payment Status
year with a tenor of 5 years. The bonds were issued interest is paid semi-annually, with the first interest 1 13 November 2020
payment on 4 October 2023. The last interest 2 13 May 2021
at a value of 99.255% of the principal amount.
payment and principal repayment, which is the 3 13 November 2021
Bond interest is paid semi-annually, with the first
bond’s maturity, will be on 4 April 2026. 4 13 May 2022
interest payment on 13 November 2020. The last
5 13 November 2022 Completed
interest payment and principal repayment, which
6 13 May 2023
is the bond’s maturity, will be on 13 May 2025. The trustee of the EMTN issuance is the Bank of
7 13 November 2023
New York Mellon. As of 31 December 2023, Bank
8 13 May 2024
On 19 April 2021, Bank Mandiri issued Euro Mandiri EMTN’s ratings are Baa2 (Moody’s) and
9 13 November 2024
Medium Term Notes (EMTN), Bank Mandiri BBB- (Fitch).
10 13 May 2025 Not yet due
Sustainability Bonds 2021, with a nominal value
of US$300,000,000 (full amount) on the Singapore The Exchange where the EMTNs are Listed
Exchange (SGX). The interest rate was 2.00% per ank Mandiri’s EMTNs are listed on the Singapore
Bank Mandiri Euro Medium Term Notes (EMTN) 2021 Sustainability Bonds
Exchange (SGX). Interest
Payment Date Payment Status
1 19 October 2021
Nominal Interest Ratings Maturity 2 19 April 2022
Bonds Series
(Rp million) Rate 2024 2023 2022 Date 3 19 October 2022
Euro Medium Term Notes Baa2 (Moody’s) Baa2 (Moody’s) Baa2 (Moody’s) 11 April 4 19 April 2023 Completed
- USD750,000,000 3.75%
I 2019 & BBB- (Fitch) & BBB- (Fitch) & BBB- (Fitch) 2024
5 19 October 2023
Euro Medium Term Notes Baa2 (Moody’s) Baa2 (Moody’s) Baa2 (Moody’s) 13 May
- USD500,000,000 4.75% 6 19 April 2024
II 2020 & BBB- (Fitch) & BBB- (Fitch) & BBB- (Fitch) 2025
Euro Medium Term 7 19 October 2024
Notes III (Bank Mandiri Baa2 (Moody’s) Baa2 (Moody’s) Baa2 (Moody’s) 19 April 8 19 April 2025
- USD300,000,000 2.00%
Sustainability Bonds 2021) & BBB- (Fitch) & BBB- (Fitch) & BBB- (Fitch) 2026
in 2021 9 19 October 2025 Not yet due
Euro Medium Term Notes Baa2 (Moody’s) Baa2 (Moody’s) Baa2 (Moody’s) 10 19 April 2026
- USD300,000,000 5,50% 4 April 2026
IV 2023 & BBB- (Fitch) & BBB- (Fitch) & BBB- (Fitch)
Bank Mandiri Euro Medium Term Notes (EMTN) 2023 Sustainability Bonds
Interest
Payment Date Payment Status
1 4 October 2023
2 4 April 2024 Completed
3 4 October 2024
4 4 April 2025
5 4 October 2025 Not yet due
6 4 April 2026
PT BANK MANDIRI (PERSERO) TBK 224 225 ANNUAL REPORT 2024
Page 114
COMPANY PROFILE
PUBLIC ACCOUNTANT & NAME AND ADDRESSES OF SUPPORTING
PUBLIC ACCOUNTANT FIRM INSTITUTIONS AND/OR PROFESSIONS
SHARES TRADING AND LISTING SHARE REGISTRAR
PT Bursa Efek Indonesia PT Datindo Entrycom
Gedung Bursa Efek Indonesia. Tower 1 Jl. Jend. Jl. Hayam Wuruk No. 28. Jakarta 10120
Sudirman Kav. 52-53 Tel : (021) 3508077
Jakarta 12190. Indonesia Fax : (021) 350 8078
Tel : (021) 5150515 Website : www.datindo.com
Fax : (62-21) 5154153 Email : corporatesecretary@datindo.com
Website : www.idx.co.id
Email : listing@idx.co.id Service rendered:
The Company’s Cash Dividend Payment Services
Service rendered: for Fiscal Year 2023 and Secondary Share
07 March 2024 Annual GMS Organization Administration Services for the July 2024 - June
Securities Administration Bureau Service 2024 Period
Assignment Period: July 2003 – December 2024 Assignment Period: May 2003 – June 2024
Fees: Rp39,960,000 Fees: Rp750,585,330
PUBLIC ACCOUNTANT FIRM
Rintis, Jumadi, Rianto & Rekan (formerly Public Accountant: Lucy Luciana Suhenda
Tanudiredja, Wibisana, Rintis & Rekan (a
member firm of PricewaterhouseCoopers Service rendered & Other Services:
Global network)) • Audit for Consolidated Financial Statements
The World Trade Centre (WTC) Building 3, of PT Bank Mandiri (Persero) Tbk and Its
Floors 33-43 , Jend. Sudirman Street Kav Subsidiaries;
Kav. 29-31, South Jakarta Karet Village, • Audit for Financial Statements of the Social
Setiabudi District, administrative city and Environmental Responsibility Program
DKI Jakarta 12920 and the Micro and Small Business Funding
Tel : (021) 5099 2901 / 3119 2901 Program of PT Bank Mandiri (Persero) Tbk; and
Fax : (021) 5290 5555 / 5290 5050 • Other services.
Website: www.pwc.com/id
Assignment Period: February 2024 - June 2025
Fees: Rp16,707,600,000 (include OPE and VAT)
PT BANK MANDIRI (PERSERO) TBK 226 227 ANNUAL REPORT 2024
Page 115
COMPANY PROFILE
CREDIT RATING AGENCY
PT Pemeringkat Efek Indonesia (Pefindo) Standard & Poor’s Global Ratings
AWARDS AND CERTIFICATION
Equity Tower Lt.30 12 Marina Boulevard
Sudirman Central Business District, Lot.9 Level 23, MBFC Tower 3
Jl. Jend. Sudirman Kav.52-53 Singapore 018982
Jakarta 12190, Indonesia Tel : +65 6239 6317
Tel : +62 21 509 68469 Website : www.spglobal.com/ratings
Fax : +62 21 509 68468 Email : ratings.request@spglobal.com
Website : www.pefindo.com
Email :- Service rendered:
Corporates Ratings Assignment
Service rendered:
Corporates Ratings, Ratings for Bank Mandiri Assignment Period: 2002 – December 2024
Sustainable Bonds I.
Alpha Southeast Asia 17th Annual Best Deal &
Assignment Period: March 2006 – December 2024 Solution Awards 2023
Moody’s Investors Service
PT. Fitch Ratings Indonesia 71 Robinson Road
#05-01 / 02
DBS Bank Tower, 24th Floor, Suite 2403 Singapore 068895
Jl. Prof. Dr. Satrio Kav 3-5 Jakarta 12940, Indonesia Tel : 65 6398 8300
Tel : +62 21 2988 6808 Fax : 65 6398 8301
Website : www.fitchratings.com/region/indonesia Website : www.moodys.com/indonesia
Email :- Email : clientservices@moodys.com
Service rendered: Service rendered:
Corporates Ratings Assignment Corporates Ratings Assignment
Alpha Southeast Asia for Best FX Bank for Retail &
Assignment Period: 2002 – December 2024 Assignment Period: 2002 – December 2024
Best FX Bank for Corporates
Alpha Southeast Asia for Best FX Bank for Retail
& Best FX Bank for Corporates
CUSTODIAN
PT Kustodian Sentral Efek Indonesia
Gedung Bursa Efek Indonesia. Tower 1. Lantai 5
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190. Indonesia
Tel : (021) 5152855
Fax : (021) 52991199
Website : www.ksei.co.id
Email : helpdesk@ksei.co.id
Service rendered:
Annual Fee Year 2024, Bond Interest and Subordinated MTN Payment GW Platt Foreign Exchange Bank Awards 2024 -
Global Finance
Assignment Period: July 2024 – December 2024
Fees: Rp328,046,620
PT BANK MANDIRI (PERSERO) TBK 228 229 ANNUAL REPORT 2024
Page 116
COMPANY PROFILE
AWARDS AND CERTIFICATION AWARDS AND CERTIFICATION
Awards / Certification Awards / Certification
Date Awarder Date Awarder
Award Category Award Category
25 January 2024 • Big Cap Sektor Keuangan February 2024 GW Platt Foreign Best Foreign Exchange Bank in Global Finance
Best Stock Awards 2024 Investortrust.id
• BUMN Exchange Bank Awards Indonesia
Best Public Relation in 2024
Consistency to Encourage 27 February 2024 • Most Integrated ESG Report
Indonesia Public Relation Service Expansion Through ESG Appreciation Night • Appreciated Governance Investor Daily
Warta Ekonomi
Awards (IPRA) 2024 Digital Platform Development ESG Report
14 March 2024 Badan Nasional
(kategori: Conventional Bank) Lembaga Certification
• Pihak Kedua (P2) Certification Profesi
Profesi (LSP)
31 January 2024 Silver Living Legend Company (BNSP)
in Capturing the Development 20 March 2024 • Exellence Community
of Consumer Behaviour and Program Award
Indonesia Living Legend
Business Needs Through Warta Ekonomi • The Best CSR in MSME
Companies Awards 2024
Product and Digital Platform Program
Innovation • The Best Integrated CSR
(category: SILVER) Indonesia CSR Exellence First Indonesia
Award
Award 2024 Magazine
1 February 2024 • The Most Satisfying KBMI 4 • The Best Leadership
Bank in Branch Office Commitment on CSR - VP
• The Most Satisfying KBMI 4 CSR Center Department
Bank in Teller Service Bank Mandiri, Dadang
• The 2nd Best KBMI 4 Bank in Suryadi
Marketing Engagement 21 March 2024 Kategori Most Sustainable
• The 2nd Best KBMI 4 Bank in CNN Indonesia Awards CNN Indonesia
Products and Services
Customer Satisfaction
• The Best Domestic Private
• The 2nd Most Satisfying KBMI
Euromoney Private Bank in Indonesia
4 Bank in Customer Service Euromoney
Banking Awards 2024 • The Best Digital Solution in
• The 2nd Most Satisfying KBMI
Satisfaction Loyalty Indonesia
4 Bank in Mobile Banking Infobank
Engagement Award 2024 16 April 2024 LinkedIn Top Companies Ratings 1 Top Companies 2024
• The 3rd Best KBMI 4 Bank in LinkedIn
Customer Loyalty 2024 in Indonesia
• The 3rd Best KBMI 4 Bank in 25 April 2024 20 Top Companies to Top Companies to Watch in
Bloomberg Technoz
Customer Engagement Watch in 2024 2024
• The 3rd Most Satisfying KBMI 2 May 2024 • Rank 4 – 10 Best Banks in
4 Bank in ATM Service Excellent Service
• The 3rd Best KBMI 4 Bank in • Rank 1 - Best ATM
Brand Interactivity Performance in Branch
• The 3rd Best KBMI 4 Bank Offices Marketing Research
in Satisfaction, Loyalty, & The Best Bank Service
• Rank 2 - Best Performing Indonesia &
Engagement 2024 Excellence 2024
Digital Branch Infobank
6 February 2024 • Best Digital Banking App in • Rank 2 - Best Performing
Indonesia untuk Kopra by Chatbot
Mandiri • Rank 3 - Best Mobile Banking
• Best Local Currency Bond Performance
17th Annual Best Deal & Deal of the Year in Indonesia Alpha Southeast 8 May 2024 Bank Mandiri Menjadi Bank
Solution Awards 2023 untuk Penerbitan Obligasi Asia 2023 World’s Best Bank 2024 Forbes Global 2000
BUMN Nomor 1
Berwawasan Lingkungan
16 May 2024 The Best Investortrust The Best Six Investortrust
Berkelanjutan I Bank Mandiri Investortrust.id
Companies 2024 Companies 2024
Tahap I (Green Bond) Years
2023 20 June 2024 Solo Best Brand and • Tabungan, Bank Mandiri Solopos Media
Innovation (SBBI) 2024 • Kartu Bayar Digital, E-money Group
PT BANK MANDIRI (PERSERO) TBK 230 231 ANNUAL REPORT 2024
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COMPANY PROFILE
AWARDS AND CERTIFICATION AWARDS AND CERTIFICATION
Awards / Certification Awards / Certification
Date Awarder Date Awarder
Award Category Award Category
27 June 2024 FinanceAsia Awards 2024 4 July 2024 • Best Indonesia Domestic
• Best Bank Trade Finance Bank of the
• Best Sustainable Bank Year
• Biggest ESG Impact - Banks • Best Indonesia Domestic
• Best Corporate Bank - Large Cash Management Bank of
Corp & MNCs the Year
• Most Innovative Use of • Digital Transformation of the
Technology Year - Indonesia
• Domestic Retail Bank of the
FinanceAsia Asia’s Best Asian Banking & Finance Year - Indonesia Asian Banking &
Company 2024 (ABF) Awards 2024 • Mobile Banking & Payment Finance (ABF)
• Gold - Most Committed to Initiative of the Year -
Diversity Equity Inclusivity Indonesia
FinanceAsia Awards 2024 (DEI) FinanceAsia • AI & Machine Learning
• Bronze - Most Committed to Initiative of the Year -
ESG Indonesia
• Silver - Best Managed • Data Governance Initiative
Company of the Year - Indonesia
• Silver - Best Investor Relation • Private Bank of the Year -
• Silver - Best Large Cap Indonesia
Company 9 July 2024 “17th Annual Alpha Southeast
• Bronze - Best CEO (President Asia - Treasury & FX Awards
Director Bank Mandiri, 2024”
Darmawan Junaidi) Best FX Bank for Corporates &
• Gold - Best CFO (Director FIs (14th consecutive win)
Keuangan dan Strategi Bank Best FX Banks for Retail Clients
Mandiri, Sigit Prastowo)
Kategori Gold Champion Alpha Southeast Asia “18th Annual Alpha Southeast Alpha Southeast
Bisnis Indonesia CSR
- Sosial Responsibility to Bisnis Indonesia Awards 2024 Asia- Best Financial Institution Asia
(BISRA) Awards 2024
Accelerate Stronger Recovery Award 2024”
2 July 2024 • Diamond throphy – 20 Best Digital Bank in Indonesia
Consecutive Years in Best Retail Bank
Service Excellence Conventional Bank Infobank Best Cash Management Bank
• Platinum throphy – 5 in Indonesia
Consecutive Years in Best Transactional Banking
Digital Channel Online Platform (Indonesia)
• The 1st Best Branch ATM 11 July 2024
• The 2nd Best Overall – Priority The Best Bank Awards Best Bank 2024 - Kategori Bank
Investortrust.id
21th Infobank-MRI Banking 2024 Umum KBMI 4 : > Rp 70 Trillion
Infobank
Banking Service • The 2nd Best – Digital Branch
Excellence 2024 • The 2nd Best – Chatbot • Community and
Environmental
Conventional Bank Category Empowerment Category
Derap Kerjasama Jakarta Pemprov DKI
• Community Empowerment
3 July 2024 Private Banking of the Asian Banking & (DKJ) Awards 2024 Jakarta
Retail Banking (Urban Festival - Rumah
Year Finance
BUMN)
• Environment (Urban Livin)
CNN Indonesia Award Best Digital Innovation - Bank
CNN Indonesia
2024 Mandiri Region II Sumatera 2
PT BANK MANDIRI (PERSERO) TBK 232 233 ANNUAL REPORT 2024
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COMPANY PROFILE
AWARDS AND CERTIFICATION AWARDS AND CERTIFICATION
Awards / Certification Awards / Certification
Date Awarder Date Awarder
Award Category Award Category
15 July 2024 The Most Extraordinary Women 23 August 2024 (Kopra by Mandiri)
The Most Extraordinary • Best Bank for Cash
Business Leaders - Vice
Women Business Leaders SWA Management in Indonesia
President Director Bank Mandiri,
2024 • Best Bank for Cash
Ibu Alexandra Askandar The Digital Banker Global
Management in South East
Transaction Banking The Digital Banker
Hari Donor Darah 10 Instansi dengan Jumlah Palang Merah Asia
Innovation Awards 2024.
Sedunia Donor Terbanyak Indonesia Pusat • Best Bank for Trade Finance
18 July 2024 Indonesia’s Best for Digital in Indonesia
Solutions • Best Bank for Trade Finance
Private Banking Award Euromoney in South East Asia
Indonesia’s Best Domestic
Private Bank Best Learning Strategy
21 July 2024 • Main Index Best Result of a Learning
Malam Apresiasi Emiten • High Growth Indeks Tempo- Program
2024 • High Dividend IDNFinancials 52
Best Learning Leader
• High Market Capitalization
22 July 2024 The Most 500 Outstanding Best Extended Enterprise
Brandon Hall
Women 2024 in Financial Sector Learning Program Gold
Infobank The Most 500 Awards 2024
& State Owned Enterprise Best Learning Program
Outstanding Women Infobank
- Vice President Director Supporting a Change
2024
Bank Mandiri, Ibu Alexandra Transformation Business
Askandar Strategy
25 July 2024 IDX Channel Anugerah Penghargaan Utama di Sektor Best Use of Video for
IDX Channel
ESG 2024 Keuangan dan Investasi Learning
31 July 2024 Indonesia Best Bank 2024 for 29 August 2024 • Titanium Throphy – The
Encouraging Transformation to Excellent Performance Bank
Indonesia Best Bank in 15 Consecutive Years
Expand Sustainable Business Warta Ekonomi 29th Infobank Awards Infobank
Awards 2024 2008-2023
Portfolio, (Category : KBMI 4, 2024
BUMN) • Best of The Best Bank 2024
22 August 2024 • Bank Pencapaian KEJAR
Conventional Bank Category
Terbaik dalam rangka Hari
Gerakan Nasional Cerdas Indonesia Menabung Otoritas Jasa 3 September 2024
• Program Sosial/
Keuangan (GENCARKAN) • Satuan Pendidikan Keuangan (OJK) 7 Most Popular Brand of
Pengembangan Masyarakat Jawa Pos
Bebasis Agama Terbaik the Year 2024
• BUMN
Implementasi KEJAR
Gold Awards: 5 September 2024 • Platinum - The Best Business
• Best Learning Strategy Contribution
• Best Result of a Learning • Platinum - The Best Digital
Indonesia Contact
Program The Best Contact Center Media
Center Association
• Best Learning Leader Indonesia (TBCCI) 2024 • Platinum - The Best
(ICCA)
• Best Extended Enterprise Operations
Learning Program • Platinum - The Best
Brandon Hall Awards • Best Learning Program Technology Innovation
Brandon Hall Group 6 September 2024 • Indonesia’s Biggest
2024 Supporting a Change
Transformation Business Companies 2024
Fortune Indonesia 100 Fortune Indonesia
Strategy • The Biggest Company by
• Best Use of Video for Asset
Learning 12 September 2024 • Indonesia’s Best Bank
Euromoney Awards For
Silver Award: • Indonesia’s Best Corporate Euromoney
Excellence 2024
• Best Corporate Learning Bank
University
PT BANK MANDIRI (PERSERO) TBK 234 235 ANNUAL REPORT 2024
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COMPANY PROFILE
AWARDS AND CERTIFICATION AWARDS AND CERTIFICATION
Awards / Certification
Awards / Certification Date Awarder
Date Awarder Award Category
Award Category
08 October 2024 Business Continuity
13 September 2024 • Peringkat 914 di Dunia British Standard
Management System – Sertifikasi
• Peringkat 4 di Indonesia Institution
ISO 22301
World’s Best Companies • Bank dengan Sustainability
Majalah Time 09 October 2024 Indonesia Customer
2024 • Transparency Rank terbaik Branchless Banking Agent - SWA Media Group
di Indonesia dan Revenue Service Quality Award
Mandiri Agen dan Business Digest
Growth Very High 2024
17 September 2024 • The Long & Short - Livin’ 15 October 2024 Best Practices for Good
Malam Anugerah GCG CNBC Indonesia &
by Mandiri Ramadan Corporate Governance in The
Awards 2024 Kejaksaan Agung
Campaign Banking Sector
• The Best of Festive - Livin’ 17 October 2024 • Pionir Transformasi Digital
Youtube Works Awards
by Mandiri Ramadan Youtube Berkelanjutan di Sektor
Indonesia 2024
Campaign Perbankan
• 2nd Runner Up The Best of Detikcom Awards 2024 • CEO dengan Visi Perbankan Detik.com
Indonesia - Livin’ by Mandiri Digital Unggul - President
Ramadan Campaign Director Bank Mandiri,
18 September 2024 1. The Best CEO Perbankan - Darmawan Junaidi
President Director Bank Mandiri, 22 October 2024 • Kategori : Perbankan
Bisnis Indonesia Financial
Darmawan Junaidi Bisnis Indonesia dengan Aset Rp 500 Trillion
Awards (BIFA) 2024
2. The Best Performance Bank ke Atas berpredikat SANGAT
(Kategori KBMI 4) BAGUS The Finance of
Top 20 Financial Institution
19 September 2024 Anugerah ESG 2024 Green and Climate Financing Republika • Best CFO Category Infobank Media
2024
Perbankan versi The Finance Group
Program Kolaborasi Berbasis
Merdeka Awards 2024 Merdeka.com - Bpk Sigit Prastowo, Director
Teknologi
Keuangan dan Strategi PT
22 September 2024 World’s Most Trustworthy Bank Mandiri (Persero) Tbk
Bank BUMN Terbaik Newsweek
Companies
24 October 2024 Most Impactfull Program on
2 October 2024 • Public Companies - Financial CSR Awards 2024 Investortrust.id
Health and Education
Sector
Best Robotic Process
• The Most Admired CFO In
Bisnis Indonesia Top BUMN Automation Initiative, Most
Suistainable Growth Through Bisnis Indonesia
Awards 2024 The Global Retail Banking Outstanding Machine
Climate Financing - Director The Digital Banker
Innovation Award 2024 Learning, dan Best Technology
Keuangan dan Strategi Bank
Implementation by a Retail
Mandiri, Sigit Prastowo
Bank in Indonesia
3 October 2024 Asian Experience Awards Digital Experience of the Year - Asian Business
26 October 2024 Global Finance Best Bank in Indonesia Global Finance
2024 Banking Review
31 October 2024 Asosiasi Analis
7 October 2024 Kementerian The Best BUMN Banking
Efek Indonesia
Keuangan, CSA Awards 2024 Financial Sector on the Main
(AAEI) dan CSA
Kementerian Board
Community
BUMN, Bursa Efek
Indonesia (BEI), 20 November 2024 Communication Strategist
Otoritas Jasa CNBC Indonesia Awards Awards - Bapak Teuku Ali
Peringkat 1 Kategori CNBC Indonesia
Annual Report Award Keuangan (OJK), 2024 Usman, Corporate Secretary
Perusahaan Go Publik sektor Bank Mandiri
(ARA) 2023 Bank Indonesia (BI),
Keuangan
Ikatan Akuntan
Indonesia (IAI),
dan Komite
Nasional Kebijakan
Governance
(KNKG)
PT BANK MANDIRI (PERSERO) TBK 236 237 ANNUAL REPORT 2024
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COMPANY PROFILE
AWARDS AND CERTIFICATION AWARDS AND CERTIFICATION
Awards / Certification Awards / Certification
Date Awarder Date Awarder
Award Category Award Category
21 November 2024 Indonesia Most Trusted 11 December Kementrian
Penjualan Surat Berharga
Companies Award 2024 Digital 2024 Mitra Distribusi Terbaik Keuangan Republik
The Iconomics Awards Syariah Negara
Bank Category, Bapak Sigit The Iconomics Indonesia
2024
Prastowo - Indonesia CFO 12 December • Aspek Bisnis Berintegritas/
Award 2024 2024 Anti Korupsi (Score Indeks
25 November 2024 Majalah SWA & 50-70)
Indonesia Good Indonesia Insitute • Aspek Bisnis dan Hak Asasi
Corporate Governance Most Trusted Companies Good Corporate Indeks Integritas Bisnis Manusia (Score Indeks 85- Tempo Media
Award 2024 Governance Lestari 100) Group
(IIGCG) • Aspek Lingkungan Hidup
26 November 2024 • Best of the Best (Score Indeks 85-100)
• Kelompok KBMI 4 Dimensi • Indeks Total dari 3 (tiga)
Teknologi Investortrust.id dan Aspek (Score Indeks 75-84)
Digital Banking Awards
• Kelompok KBMI 4 Dimensi Intellectual Business ISO 9001:2015 Quality
2024 & ESG Awards 2024
Manajemen Resiko Community Management System
Certification Quality
• Platinum Star Awards untuk (Masa Berlaku : 12 PT. SGS Indonesia
Management System
Perusahaan Big Cap December 2024 – 11
28 November 2024 The Best Public Company 2024 December 2027)
Indonesia Best Public in Bank Industry for Formidable 17 December Business Continuity Wealth Management
Warta Ekonomi BSI Global ISO
Company Awards 2024 Listing Performance (Sektor : 2024 Management System ISO Performance & Business
certification body
Financials) 22301: 2019 Process
29 November 2024 • Special CEO 2024: The Most 23 December ISO 21001 : 2018
Successfull CEO in Managing 2024 Educational organizations
Excellence Values - Bapak – Management
Darmawan Junaidi, systems for educational
President Director organizations - TUV SUD
• Bankers of the Year 2024 - ISO 30422 : 2022
Ibu Alexandra Askandar, Human Resources
Vice President Director Management – Learning
Top 100 CEO & The 200 • The 200 Future Leaders & Development
Infobank
Future Leaders 2024 2024 - Ibu Eka Fitria, Director
Treasury & International
Banking
• The 200 Future Leaders 2024
- Bapak M. Rizaldi, SEVP
Special Asset Management
• The 200 Future Leaders 2024
- Bapak Sunarto Xie, SEVP
Digital Banking
November 2024 Bank Indonesia Award Bank Pendukung Bank Indonesia
2024 Pengembangan Pasar Valas
Terbaik (DNDF Award)
4 December 2024 Investing on Climate by • Literasi Terbaik tentang
Investing on
Editor’s Choice Awards Ketahanan Iklim
Climate
2024 • Pendanaan Iklim
5 December 2024 • Ratings 1 Kategori Banking
Digital Financial BUMN
Media Asuransi
Excellence Award 2024 • Ratings 2 Kategori Banking
Devisa KBMI 4
PT BANK MANDIRI (PERSERO) TBK 238 239 ANNUAL REPORT 2024
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INFORMATION ON BANK MANDIRI EDUCATION AND/OR TRAINING OF THE BOARD
OF COMMISSIONERS, DIRECTORS, COMMITTEES,
WEBSITE CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND
RISK MANAGEMENT
In compliance with POJK No. 2. Bank Mandiri stock 9. Disclosure for Media and
8/POJK.04/2015 regarding the ownership information Analyst Briefing
websites of issuers or public 3. Board of Directors and 10. Charter of the Board of
companies, Bank Mandiri Board of Commissioners Commissioners, Directors, COMPETENCE DEVELOPMENT FOR THE BOARD OF COMMISSIONERS
official website http:// www. Profile Committee and Internal
bankmandiri.co.id. has been 4. Financial performance Audit Unit.
updated with various latest analysis 11. Code of Conduct Name Position Training/Seminar Organizers Location Date
information related to the 5. Annual and quarterly
M. Chatib Basri President Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024
company. In addition to financial statement in the Bank Mandiri website is Commissioner/ Certification
disclosing general information, last 5 years or more. updated with an informative Independent Manajemen Risiko
Commissioner Jenjang 6
the company’s website 6. Annual report within and interactive feature to help
also discloses more specific past 5 years or more customers find information
Re-Certification LSPP Jakarta 25 January 2024
information as follows: (downloadable). about Bank Mandiri, Manajemen Risiko
7. Annual GMS and/or EGMS particularly regarding products Jenjang 6
1. Group Structure of Bank Invitations. and services. Website menu is World Economic Forum World Eonomic Forum Davos, 15-19 January
Annual Meeting 2024 (WEF Swiss 2024
Mandiri 8. Annual GMS and/or EGMS grouped as follows:
Internal Control over PwC Jakarta 15 February 2024
Resolutions. Financial Reporting
Mandiri Investment Bank Mandiri Jakarta 05 March 2024
Forum
Penyelarasan BARa Risk Forum Jakarta 21-23 August 2024
HOMEPAGE Certification
Manajemen Risiko
Bank Mandiri website homepage displays several menus including Mandiri Highlight, Economic Review, News and Release,
Jenjang 6
Foreign Currency Information, calculator, and Mandiri Chat.
BOC Retreat - Bank Mandiri Bandung 24-25 August 2024
Keamanan Siber
INDIVIDUAL BUSINESS PRIORITY BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
This menu provides information related This menu provides information related Menu containing information Ekonomi Indonesia 2024
to Bank Mandiri’s banking service to Bank Mandiri’s banking service about Wealth Management Years 2025
for individual customers including: for business community including: services and products at Bank Zainudin Amali Vice President General Banking LPPI Jakarta 17 January 2024
Deposits, Loan, Credit Card, e-Banking, Deposits, Loan, Corporate Card, Cash Mandiri, which is specifically for Commissioner/ Operational
and Investment & Insurance. Management, Trade Finance, and the Mandiri Prioritas and Mandiri Independent Pembekalan LPPI Jakarta 19 January 2024
Treasury. Private customer segments. Commissioner Certification
Manajemen Risiko
Jenjang 6
ID | EN
Certification LSPP Jakarta 22 February 2024
Individual Business Priority About Mandiri Help Manajemen Risiko
Jenjang 6
Mandiri Investment Bank Mandiri Jakarta 05 March 2024
MANDIRI CHAT-MITA Forum
To improve its customer service quality, Bank Mandiri introduces Mandiri Intelligence Assistant (MITA) Penyelarasan BARa Risk Forum Jakarta 21-23 August 2024
feature, a chatting application-based information service to provide customers with live, easy, and Certification
quick access of information. Manajemen Risiko
Jenjang 6
Kenali MITA sekarang!
BoC Retreat - Bank Mandiri Bandung 24-25 August 2024
ABOUT MANDIRI HELP Keamanan Cyber
This menu provides information about: Corporate, Mandiri Group, Investor Relations, Good This menu provides Frequently Asean Global SRW & Co dan London London 02-06 September
Corporate Governance, Mandiri CSR and Career. Good Corporate Governance sub-menu Asked Question (FAQ) related Leadership Programme School of Economic 2024
discloses information about Governance Structure, Governance Process, and Governance to all products and services (AGLP)- “After and Political Science
Outcome as well as other Corporate Governance information such as ASEAN Corporate provided by the Company, Globalisation? Leading (LSE)
Governance Scorecard, GMS, and GCG Implementation. The Investor Relation submenu as well as online applications the World Economy in
effectively, efficiently, and transparently provides investors with information that includes that help customers report an Age of Turbulence”
Annual Report, Sustainability Report, and Bank Mandiri’s current financial condition and stock. card lost Executive Education – London Business School London 08-14 December
Bank Mandiri has also provided menu on public information to fulfil information transparent Executing Strategy for 2024
rules that stipulated according to the role of Information and Documentation Management Results
Executive (PPID).
PT BANK MANDIRI (PERSERO) TBK 240 241 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS,
DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND
RISK MANAGEMENT RISK MANAGEMENT
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Loeke Larasati Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024 Rionald Silaban Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024
Agoestina Independen Certification Certification
Manajemen Risiko Manajemen Risiko
Jenjang 6 Jenjang 6
Re-Certification LSPP Jakarta 25 January 2024 Re-Certification LSPP Jakarta 23 January 2024
Manajemen Risiko Manajemen Risiko
Jenjang 6 Jenjang 6
ICoFR PwC Jakarta 15 February 2024 IcoFR PwC Jakarta 15 February 2024
Mandiri Investment Bank Mandiri Jakarta 05 March 2024 Penyelarasan BARa Risk Forum Jakarta 21-23 August 2024
Forum Certification
BRI Microfinance BRI Jakarta 07 March 2024 Manajemen Risiko
Outlook Jenjang 6
Sharing Session - The Infobank Bali 01 June 2024 BoC Retreat - Bank Mandiri Bandung 24-25 August 2024
Most Oustanding Keamanan Siber
Womens 2024 in 2024 Director’s Stanford Graduate United 14-18 October
Financial Sector & SOE Consortium – Public School of Business States 2024
Penyelarasan IRPA Jakarta 09-11 July 2024 Program
Certification Faried Utomo Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024
Manajemen Risiko Certification
Jenjang 6 Manajemen Risiko
BoC Retreat - Bank Mandiri Bandung 24-25 August 2024 Jenjang 6
Keamanan Siber Re-Certification LSPP Jakarta 25 January 2024
Executive Risk LPPI Italy 9-18 November Manajemen Risiko
Management Refresher 2024 Jenjang 6
Program IcoFR PwC Jakarta 15 February 2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December BoC Retreat – Outlook Padang 06-08 December
Ekonomi Indonesia 2024 Ekonomi Indonesia 2024
Years 2025 Years 2025
Muliadi Rahardja Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024 Arif Budimanta Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024
Independen Certification Certification
Manajemen Risiko Manajemen Risiko
Jenjang 6 Jenjang 6
IcoFR PwC Jakarta 15 February 2024 Re-Certification LSPP Jakarta 25 January 2024
Penyelarasan IRPA Jakarta 09-11 July 2024 Manajemen Risiko
Certification Jenjang 6
Manajemen Risiko ICoFR PwC Jakarta 15 February 2024
Jenjang 6 Mandiri Investment Bank Mandiri Jakarta 05 March 2024
BoC Retreat - Bank Mandiri Bandung 24-25 August 2024 Forum
Keamanan Siber BoC Retreat - Bank Mandiri Bandung 24-25 August 2024
2024 Director’s Stanford Graduate United 14-18 October Keamanan Siber
Consortium – Public School of Business States 2024 Asean Global SRW & Co dan London London 02-06 September
Program Leadership Programme School of Economic 2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December (AGLP)- “After and Political Science
Ekonomi Indonesia 2024 Globalisation? Leading (LSE).
Years 2025 the World Economy in
Heru Kristiyana Commissioner Re-Certification LSPP Jakarta 25 January 2024 an Age of Turbulence”
Independen Manajemen Risiko Penyelarasan IRPA Jakarta 25-26 September
Jenjang 7 Certification 2024
ICoFR PwC Jakarta 15 February 2024 Manajemen Risiko
Jenjang 7
Mandiri Investment Bank Mandiri Jakarta 05 March 2024
Forum BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
Ekonomi Indonesia 2024
Penyelarasan BARa Risk Forum Jakarta 17-19 July 2024
Years 2025
Certification
Manajemen Risiko Muhammad Yusuf Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024
Jenjang 7 Ateh Certification
Manajemen Risiko
BoC Retreat - Bank Mandiri Bandung 24-25 August 2024
Jenjang 6
Keamanan Siber
ICoFR PwC Jakarta 15 February 2024
ISACA 2024 Europe ISACA London 15-17 October
Conference 2024 Mandiri Investment Bank Mandiri Jakarta 05 March 2024
Forum
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
Ekonomi Indonesia 2024
Years 2025
PT BANK MANDIRI (PERSERO) TBK 242 243 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS,
DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND
RISK MANAGEMENT RISK MANAGEMENT
COMPETENCE DEVELOPMENT FOR THE BOARD OF DIRECTORS
Name Position Training/Seminar Organizers Location Date
Name Position Training/Seminar Organizers Location Date
Tedi Bharata Commissioner PSAK 71 Bank Mandiri Jakarta 25 March 2024
Corporate Plan 2020- Bank Mandiri Jakarta 03 April 2024 Darmawan President Director Certification Dealer Advance Advance Dealer Jakarta 19 June 2024
2024, RBB 2024-2027, Junaidi Advance Dealer Certification Certification
RKAP 2024, dan Kinerja Executive Course on Strategic Ministry of Defense Jakarta 24 July - 6 August
Keuangan 2024 Management and Leadership of the Republic of 2024
Tingkat Kesehatan Bank Mandiri Jakarta 17 April 2024 Cohort-3 TA 2024 Indonesia
dan Risk Management Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Framework and Transformational Leadership 2024
GCG, APU PPT & Bank Mandiri Jakarta 06 May 2024 Driven By Orchestrating The
PPPSPM, dan Tata Ecosystem.
Kelola Terintegrasi
Alexandra Vice President Executive Course on Strategic Ministry of Defense Jakarta 03 - 16 July 2024
Pengelolaan TI Bank Mandiri Jakarta 16 May 2024 Askandar Director Management and Leadership of the Republic of
Certification LSPP Jakarta 30 May 2024 Cohor2 TA. 2024 Indonesia
Manajemen Risiko Certification Dealer Advance Bank Mandiri Jakarta 19 June 2024
Jenjang 6 Advance Dealer Certification
Training Cybersecurity Emertus MIT - Online 03 June 2024
Program pembekalan LPPI Jakarta 07 - 10 June 2024
for Managers - A Management Executive
Manajemen Risiko Perbankan
Playbook Education
Kualifikasi 7
BoC Retreat - Bank Mandiri Bandung 24-25 August 2024
Keamanan Siber Sustainibility Live London 2024 Evenbrite London 11 - 12 September
2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
Ekonomi Indonesia 2024 Strategic Leadership - Profesional Harvard DCE Boston 09 - 11 December
Years 2025 &Executive Development 2024
Andrinof A. Vice President Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024 Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Chaniago*) Commissioner/ Certification and Transformational Leadership 2024
Independent Manajemen Risiko Driven By Orchestrating The
Commisioner Jenjang 6 Ecosystem.
ICoFR PwC Jakarta 15 February 2024 Agus Dwi Director of Advance Dealer Certification Bank Mandiri Jakarta 19 June 2024
Mandiri Investment Bank Mandiri Jakarta 05 March 2024 Handaya Compliance
Risk Management Certification IRPA (Indonesia Jakarta 09 - 10 October
Forum & HR
Alignment Program for Directors Professional 2024
Nawal Nely*) Commissioner Pembekalan PT Gagas Prima Solusi Jakarta 04 January 2024 and Board of Commissioners of Association)
Certification Commercial Banks
Manajemen Risiko
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Jenjang 6 and Transformational Leadership 2024
Re-Certification LSPP Jakarta 25 January 2024 Driven By Orchestrating The
Manajemen Risiko Ecosystem.
Jenjang 6
Riduan** Director of Certification Dealer Advance Bank Mandiri Jakarta 19 June 2024
Mandiri Investment Bank Mandiri Jakarta 05 March 2024 Corporate
Forum Risk Management Certification IRPA (Indonesia Jakarta 23 – 24 October
Banking
Alignment Program for Directors Professional 2024
and Board of Commissioners of Association)
Commercial Banks
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
and Transformational Leadership 2024
Driven By Orchestrating The
Ecosystem.
PT BANK MANDIRI (PERSERO) TBK 244 245 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS,
DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND
RISK MANAGEMENT RISK MANAGEMENT
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Aquarius Director of Advance Dealer Certification Bank Mandiri Jakarta 19 June 2024 Eka Fitria Director Treasury Advance Dealer Certification Bank Mandiri Jakarta 19 June 2024
Rudianto Network & Retail & International
Risk Management Certification IRPA (Indonesia Jakarta 23 – 24 October Risk Management Certification IRPA (Indonesia Jakarta 20 -21 August
Banking Banking
Alignment Program for Directors Professional 2024 Alignment Program for Directors Professional 2024
and Board of Commissioners of Association) and Board of Commissioners of Association)
Commercial Banks Commercial Banks
Integrated Strategic Growth Bank Mandiri Jakarta 12 December Harvard Women on Boards Harvard University Boston 02 - 06 December
and Transformational Leadership 2024 2024
Driven By Orchestrating The
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Ecosystem.
and Transformational Leadership 2024
Toni E. B. Subari Director of Advance Dealer Certification Bank Mandiri Jakarta 19 June 2024 Driven By Orchestrating The
Operation Ecosystem.
Risk Management Certification IRPA (Indonesia Jakarta 20 -21 August
Alignment Program for Directors Professional 2024 Danis Director of Risk Certification Dealer Advance Bank Mandiri Jakarta 19 June 2024
and Board of Commissioners of Association) Subyantoro* Management
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Commercial Banks
and Transformational Leadership 2024
Integrated Strategic Growth Bank Mandiri Jakarta 12 December Driven By Orchestrating The
and Transformational Leadership 2024 Ecosystem.
Driven By Orchestrating The
Totok Director of Certification Dealer Advance Bank Mandiri Jakarta 19 June 2024
Ecosystem.
Priyambodo* Commercial
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
Rohan Hafas Director of Certification Dealer Advance Bank Mandiri Jakarta 19 June 2024 Banking
and Transformational Leadership 2024
Institutional
Level 7 Risk Management Maisa Citra Edukasi Jakarta 17 October 2024 Driven By Orchestrating The
Relations
Qualification Debriefing Ecosystem.
Integrated Strategic Growth Bank Mandiri Jakarta 12 December *) Serves effective as of the resolution of the Annual GMS 7 March 2024.
and Transformational Leadership 2024 **) Transition of assignment to become Director of Corporate Banking based on the resolution of the Annual GMS 7 March 2024.
Driven By Orchestrating The
Ecosystem.
Sigit Prastowo Director of Risk Management Certification IRPA (Indonesia Jakarta 20 -21 August
Finance & Alignment Program for Directors Professional 2024
Strategy and Board of Commissioners of Association)
Commercial Banks
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
and Transformational Leadership 2024
Driven By Orchestrating The
Ecosystem.
Timothy Utama Director of Program Penyelarasan IRPA (Indonesia Jakarta 20 -21 August
Information & Certification Manajemen Risiko Professional 2024
Technology bagi Board of Directors dan Association)
Board of Commissioners Bank
Umum
Designing and Executing Harvard Business Boston 01 - 06 December
Corporate Revitalization School 2024
Integrated Strategic Growth Bank Mandiri Jakarta 12 December
and Transformational Leadership 2024
Driven By Orchestrating The
Ecosystem.
PT BANK MANDIRI (PERSERO) TBK 246 247 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS,
DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND DIRECTORS, COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND
RISK MANAGEMENT RISK MANAGEMENT
COMPETENCE DEVELOPMENT FOR THE AUDIT COMMITTEE Name Position Training/Seminar Organizers Location Date
Muliadi Member Pembekalan Certification PT Gagas Prima
Jakarta 04 January 2024
Name Position Training/Seminar Organizers Location Date Rahardja Manajemen Risiko Jenjang 6 Solusi
Heru Chairman Re-Certification Manajemen 15 February
LSPP Jakarta 25 January 2024 IcoFR PwC Jakarta
Kristiyana concurrently Risiko Jenjang 7 2024
Member
15 February Penyelarasan Certification
ICoFR PwC Jakarta IRPA Jakarta 09-11 July 2024
2024 Manajemen Risiko Jenjang 6
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024 BoC Retreat - Keamanan 24-25 August
Bank Mandiri Bandung
Penyelarasan Certification BARa Risk Siber 2024
Jakarta 17-19 July 2024
Manajemen Risiko Jenjang 7 Forum Stanford
BoC Retreat - Keamanan 24-25 August 2024 Director’s Consortium – Graduate United 14-18 October
Bank Mandiri Bandung Public Program School of States 2024
Siber 2024
Business
ISACA 2024 Europe 15-17 October
ISACA London BoC Retreat – Outlook 06-08 December
Conference 2024 Bank Mandiri Padang
Ekonomi Indonesia Years 2025 2024
BoC Retreat – Outlook 06-08 December
Bank Mandiri Padang Loeke Member Pembekalan Certification PT Gagas Prima
Ekonomi Indonesia Years 2025 2024 Jakarta 04 January 2024
Larasati A. Manajemen Risiko Jenjang 6 Solusi
M. Chatib Member Pembekalan Certification PT Gagas Prima
Jakarta 4 January 2024 Re-Certification Manajemen
Basri Manajemen Risiko Jenjang 6 Solusi LSPP Jakarta 25 January 2024
Risiko Jenjang 6
Re-Certification Manajemen
LSPP Jakarta 25 January 2024 15 February
Risiko Jenjang 6 ICoFR PwC Jakarta
2024
World Economic Forum World Eonomic 15-19 January
Davos, Swiss Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Annual Meeting 2024 Forum (WEF 2024
Internal Control over Financial 15 February BRI Microfinance Outlook BRI Jakarta 07 March 2024
PwC Jakarta
Reporting 2024 Sharing Session - The Most
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024 Oustanding Womens 2024 in Infobank Bali 01 June 2024
Financial Sector & SOE
Penyelarasan Certification BARa Risk 21-23 August
Jakarta Penyelarasan Certification
Manajemen Risiko Jenjang 6 Forum 2024 IRPA Jakarta 09-11 July 2024
Manajemen Risiko Jenjang 6
BOC Retreat - Keamanan 24-25 August
Bank Mandiri Bandung BoC Retreat - Keamanan 24-25 August
Siber 2024 Bank Mandiri Bandung
Siber 2024
BoC Retreat – Outlook 06-08 December
Bank Mandiri Padang BoC Retreat – Outlook 06-08 December
Ekonomi Indonesia Years 2025 2024 Bank Mandiri Padang
Ekonomi Indonesia Years 2025 2024
Zainudin Amali* Member General Banking Operational LPPI Jakarta 17 January 2024
Rasyid Member Re-Certification Manajemen LSPP Jakarta 25 January 2024
Pembekalan Certification LPPI Jakarta 19 January 2024 Darajat Risiko Jenjang 6
Manajemen Risiko Jenjang 6
Internal Control over Financial PwC Jakarta 15 February
Certification Manajemen Risiko LSPP Jakarta 22 February 2024
Reporting 2024
Jenjang 6
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Program Chartered BUMN School Jakarta May – July 2024
Penyelarasan Certification BARa Risk Forum Jakarta 21-23 August 2024 Accountant of Excellence
Manajemen Risiko Jenjang 6 (BSE) – Ikatan
BoC Retreat - Keamanan Cyber Bank Mandiri Bandung 24-25 August 2024 Akuntan
Indonesia (IAI)
Asean Global Leadership SRW & Co dan London 02-06 September
Programme (AGLP)- “After London School 2024 Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Globalisation? Leading the of Economic and
World Economy in an Age of Political Science
BOC Retreat - Keamanan Bank Mandiri Bandung 24-25 August
Turbulence” (LSE). Siber 2024
Executive Education – Executing London Business London 08-14 December ISACA 2024 Europe ISACA London 15-17 October
Strategy for Results School 2024 Conference 2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
Ekonomi Indonesia Years 2025 2024
PT BANK MANDIRI (PERSERO) TBK 248 249 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Rubi Pertama Member Re-Certification Manajemen LSPP Jakarta 25 January 2024 Muliadi Rahardja Member Pembekalan Certification PT Gagas Prima
Jakarta 04 January 2024
Risiko Jenjang 6 Manajemen Risiko Jenjang 6 Solusi
25 Janury 2024 15 February
IcoFR PwC Jakarta
Internal Control over Financial PwC Jakarta 15 February 2024
Reporting 2024 Penyelarasan Certification
IRPA Jakarta 09-11 July 2024
Manajemen Risiko Jenjang 6
15 February 2024 BoC Retreat - Keamanan 24-25 August
Bank Mandiri Bandung
Program Chartered BUMN School Jakarta May –July 2024 Siber 2024
Accountant of Excellence Stanford
(BSE) – Ikatan May – July 2024 2024 Director’s Consortium – Graduate United 14-18 October
Akuntan Public Program School of States 2024
Indonesia (IAI) Business
BoC Retreat – Outlook 06-08 December
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024 Bank Mandiri Padang
Ekonomi Indonesia Years 2025 2024
BOC Retreat - Keamanan Bank Mandiri Bandung 24-25 August Rionald Silaban Member Pembekalan Certification PT Gagas Prima
Siber 2024 Jakarta 04 January 2024
Manajemen Risiko Jenjang 6 Solusi
Re-Certification Manajemen
24 – 25 August LSPP Jakarta 23 January 2024
Risiko Jenjang 6
2024
15 February
Laporan Keuangan IAI Jakarta 09-10 October IcoFR PwC Jakarta
2024
Konsolidasi 2024
Penyelarasan Certification 21-23 August
BARa Risk Forum Jakarta
Manajemen Risiko Jenjang 6 2024
09-10 October
2024 BoC Retreat - Keamanan 24-25 August
Bank Mandiri Bandung
Siber 2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08 December
Stanford
Ekonomi Indonesia Years 2025 2024
2024 Director’s Consortium – Graduate United 14-18 October
Public Program School of States 2024
06-08 December
Business
2024
Arif Budimanta Member Pembekalan Certification PT Gagas Prima
*) Transfer of duties to Deputy Main/Independent Commissioner at the Annual GMS on March 7 2024 Jakarta 04 January 2024
Manajemen Risiko Jenjang 6 Solusi
Re-Certification Manajemen
LSPP Jakarta 25 January 2024
Risiko Jenjang 6
COMPETENCE DEVELOPMENT FOR THE REMUNERATION & NOMINATION COMMITTEE ICoFR PwC Jakarta
15 February
2024
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Name Position Training/Seminar Organizers Location Date
BoC Retreat - Keamanan 24-25 August
M. Chatib Basri Chairman Pembekalan Certification PT Gagas Prima Bank Mandiri Bandung
Jakarta 04 January 2024 Siber 2024
merangkap Manajemen Risiko Jenjang 6 Solusi
Asean Global Leadership SRW & Co dan
Member Re-Certification Manajemen
LSPP Jakarta 25 January 2024 Programme (AGLP)- “After London School
Risiko Jenjang 6 02-06
Globalisation? Leading the of Economic London
World Economic Forum World Eonomic Davos, 15-19 January September 2024
World Economy in an Age of and Political
Annual Meeting 2024 Forum (WEF Swiss 2024 Turbulence” Science (LSE).
Internal Control over Financial 15 February Penyelarasan Certification 25-26
PwC Jakarta IRPA Jakarta
Reporting 2024 Manajemen Risiko Jenjang 7 September 2024
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024 BoC Retreat – Outlook 06-08 December
Bank Mandiri Padang
Penyelarasan Certification 21-23 August Ekonomi Indonesia Years 2025 2024
BARa Risk Forum Jakarta
Manajemen Risiko Jenjang 6 2024 Faried Utomo Member Pembekalan Sertifikasi PT Gagas Prima Jakarta 04 January 2024
BOC Retreat - Keamanan 24-25 August Manajemen Risiko Jenjang 6 Solusi
Bank Mandiri Bandung
Siber 2024
Re-Sertifikasi Manajemen LSPP Jakarta 25 January 2024
BoC Retreat – Outlook 06-08 December Risiko Jenjang 6
Bank Mandiri Padang
Ekonomi Indonesia Years 2025 2024
IcoFR PwC Jakarta 15 February
2024
BoC Retreat – Outlook Padang 06-08
Ekonomi Indonesia Tahun Desember 2024
2025
PT BANK MANDIRI (PERSERO) TBK 250 251 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date COMPETENCE DEVELOPMENT FOR THE RISK MONITORING COMMITTEE
Muhammad Member Pembekalan Sertifikasi PT Gagas Prima Jakarta 04 January 2024
Yusuf Ateh Manajemen Risiko Jenjang 6 Solusi
ICoFR PwC Jakarta 15 February Name Position Training/Seminar Organizers Location Date
2024
Muliadi Chairman & Pembekalan Sertifikasi PT Gagas
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024 Jakarta 04 January 2024
Rahardja Member Manajemen Risiko Jenjang 6 Prima Solusi
Tedi Bharata* Member PSAK 71 Bank Mandiri Jakarta 25 March 2024 IcoFR PwC Jakarta 15 February 2024
Corporate Plan 2020-2024, Bank Mandiri Jakarta 03 April 2024 Penyelarasan Sertifikasi
RBB 2024-2027, RKAP 2024, IRPA Jakarta 09-11 July 2024
Manajemen Risiko Jenjang 6
dan Kinerja Keuangan 2024
BoC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August 2024
Tingkat Kesehatan dan Risk Bank Mandiri Jakarta 17 April 2024
Stanford
Management Framework
2024 Director’s Consortium – Graduate United
GCG, APU PPT & PPPSPM, Bank Mandiri Jakarta 06 May 2024 14-18 October 2024
Public Program School of States
dan Tata Kelola Terintegrasi Business
Pengelolaan TI Bank Mandiri Jakarta 16 May 2024 BoC Retreat – Outlook Ekonomi 06-08 December
Bank Mandiri Padang
Sertifikasi Manajemen Risiko LSPP Jakarta 30 May 2024 Indonesia Tahun 2025 2024
Jenjang 6 Arif Member Pembekalan Certification PT Gagas
Jakarta 24-25 August 2024
Training Cybersecurity for Emertus MIT - Online 03 June 2024 Budimanta Manajemen Risiko Jenjang 6 Prima Solusi
Managers - A Playbook Management Re-Certification Manajemen Risiko 02-06 September
Executive LSPP Jakarta
Jenjang 6 2024
Education
25-26 September
BoC Retreat - Keamanan Bank Mandiri Bandung 24-25 August ICoFR PwC Jakarta
2024
Siber 2024
06-08 December
BoC Retreat – Outlook Bank Mandiri Padang 06-08 Mandiri Investment Forum Bank Mandiri Jakarta
2024
Ekonomi Indonesia Tahun December 2024
BoC Retreat - Keamanan Siber Bank Mandiri Bandung 04 January 2024
2025
Votivia Mardinna Non-Voting 19 – 21 Januariy Asean Global Leadership SRW & Co dan
Raker Dir. Kepatuhan & SDM Bank Mandiri Bali Programme (AGLP)- “After London School
Member and 2024 02-06 September
Secretary Globalisation? Leading the of Economic London
Pembekalan Sertifikasi 04 – 05 March 2024
LPPI Jakarta World Economy in an Age of and Political
Manajemen Risiko Jenjang 4 2024
Turbulence” Science (LSE).
Kick-Off dan Onboarding HC Mandiri
Jakarta 30 April 2024 Penyelarasan Certification 25-26 September
Heatmap 2024 University IRPA Jakarta
Manajemen Risiko Jenjang 7 2024
Strategic People Co-Creation
(Spc) 2nd Flight : “Navigating Bank Mandiri Jakarta 16 October 2024 BoC Retreat – Outlook Ekonomi 06-08 December
Bank Mandiri Padang
Bankwide Strategy Journey Indonesia Years 2025 2024
Talent Management Mandiri 19 – 20 Heru Member Re-Certification Manajemen Risiko
Jakarta LSPP Jakarta 25 January 2024
Execution University December 2024 Kristiyana Jenjang 7
*) Appointed as Commissioner since the Annual GMS on March 7 2024
ICoFR PwC Jakarta 15 February 2024
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024
Penyelarasan Certification BARa Risk
Jakarta 17-19 July 2024
Manajemen Risiko Jenjang 7 Forum
BoC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August 2024
ISACA 2024 Europe Conference ISACA London 15-17 October 2024
BoC Retreat – Outlook Ekonomi 06-08 December
Bank Mandiri Padang
Indonesia Years 2025 2024
PT BANK MANDIRI (PERSERO) TBK 252 253 ANNUAL REPORT 2024
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COMPANY PROFILE
EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date COMPETENCE DEVELOPMENT FOR THE INTEGRATED GOVERNANCE COMMITTEE
Tedi Member PSAK 71 Bank Mandiri Jakarta 25 March 2024
Bharata* Name Position Training/Seminar Organizers Location Date
Corporate Plan 2020-2024, RBB
2024-2027, RKAP 2024, dan Kinerja Bank Mandiri Jakarta 03 April 2024 M. Chatib Chairman and Pembekalan Certification PT Gagas Jakarta 4 January 2024
Keuangan 2024 Basri Member Manajemen Risiko Jenjang 6 Prima Solusi
Tingkat Kesehatan dan Risk
Bank Mandiri Jakarta 17 April 2024 Re-Certification Manajemen Risiko LSPP Jakarta 25 January 2024
Management Framework
Jenjang 6
GCG, APU PPT & PPPSPM, dan
Bank Mandiri Jakarta 06 May 2024 World Economic Forum Annual World Eonomic Davos, 15-19 January
Tata Kelola Terintegrasi
Meeting 2024 Forum (WEF Swiss 2024
Pengelolaan TI Bank Mandiri Jakarta 16 May 2024
Internal Control over Financial PwC Jakarta 15 February 2024
Sertifikasi Manajemen Risiko Reporting
LSPP Jakarta 30 May 2024
Jenjang 6
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024
Emertus MIT -
Training Cybersecurity for Management Penyelarasan Certification BARa Risk Jakarta 21-23 August
Online 03 June 2024 Manajemen Risiko Jenjang 6 Forum 2024
Managers - A Playbook Executive
Education BOC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August
2024
06-08 December
BoC Retreat - Keamanan Siber Bank Mandiri Bandung
2024 BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December
Indonesia Years 2025 2024
BoC Retreat – Outlook Ekonomi
Bank Mandiri Padang 16 Mei 2024 Loeke Member Pembekalan Certification PT Gagas Jakarta 04 January 2024
Indonesia Tahun 2025
Larasati Manajemen Risiko Jenjang 6 Prima Solusi
Loeke Member Pembekalan Certification PT Gagas Agoestina
Jakarta 04 January 2024 Re-Certification Manajemen Risiko LSPP Jakarta 25 January 2024
Larasati A. Manajemen Risiko Jenjang 6 Prima Solusi
Jenjang 6
Re-Certification Manajemen Risiko
LSPP Jakarta 25 January 2024 ICoFR PwC Jakarta 15 February 2024
Jenjang 6
ICoFR PwC Jakarta 15 February 2024 Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024 BRI Microfinance Outlook BRI Jakarta 07 March 2024
BRI Microfinance Outlook BRI Jakarta 07 March 2024 Sharing Session - The Most Infobank Bali 01 June 2024
Oustanding Womens 2024 in
Sharing Session - The Most Financial Sector & SOE
Oustanding Womens 2024 in Infobank Bali 01 June 2024
Financial Sector & SOE Penyelarasan Certification IRPA Jakarta 09-11 July 2024
Manajemen Risiko Jenjang 6
Penyelarasan Certification
IRPA Jakarta 09-11 July 2024 BoC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August
Manajemen Risiko Jenjang 6
2024
BoC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August 2024
BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December
BoC Retreat – Outlook Ekonomi 06-08 December Indonesia Years 2025 2024
Bank Mandiri Padang
Indonesia Years 2025 2024
Zainudin Member General Banking Operational LPPI Jakarta 17 January 2024
Caroline Member Re-Certification Manajemen Risiko LSPP Jakarta 25 January 2024 Amali
Pembekalan Certification LPPI Jakarta 19 January 2024
Halim Jenjang 6 Manajemen Risiko Jenjang 6
Internal Control over Financial PwC Jakarta 15 February 2024 Certification Manajemen Risiko LSPP Jakarta 22 February 2024
Reporting Jenjang 6
Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024 Mandiri Investment Forum Bank Mandiri Jakarta 05 March 2024
Pembekalan Certification LPPI Jakarta 21 January 2024 Penyelarasan Certification BARa Risk Jakarta 21-23 August
Manajemen Risiko Jenjang 7 Manajemen Risiko Jenjang 6 Forum 2024
BOC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August 2024 BoC Retreat - Keamanan Cyber Bank Mandiri Bandung 24-25 August
Executive Risk Management LPPI Italy 09-18 November 2024
Refresher Program 2024 Asean Global Leadership SRW & Co dan London 02-06 September
BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December Programme (AGLP)- “After London School 2024
Indonesia Years 2025 2024 Globalisation? Leading the of Economic
World Economy in an Age of and Political
Taufik Member Pembekalan Certification LPPI Jakarta 21 January 2024 Turbulence” Science (LSE).
Hidayat Manajemen Risiko Jenjang 7
Executive Education – Executing London London 08-14 December
BOC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August 2024 Strategy for Results Business School 2024
BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December
Indonesia Years 2025 2024
*) Appointed as Commissioner since the Annual GMS on March 7 2024
PT BANK MANDIRI (PERSERO) TBK 254 255 ANNUAL REPORT 2024
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EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date
Name Position Training/Seminar Organizers Location Date
Heru Member Penyelarasan Sertifikasi BARa Risk Forum Jakarta 17-19 July 2024
Muliadi Member Pembekalan Sertifikasi PT Gagas Jakarta 04 Januari 2024
Kristiyana Manajemen Risiko Jenjang 7
Rahardja Manajemen Risiko Jenjang 6 Prima Solusi
BoC Retreat - Keamanan Bank Mandiri Bandung 24-25 August
IcoFR PwC Jakarta 15 Februari 2024 Siber 2024
Penyelarasan Sertifikasi IRPA Jakarta 09-11 Juli 2024 ISACA 2024 Europe ISACA London 15-17 October
Manajemen Risiko Jenjang 6 Conference 2024
BoC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 Agustus BoC Retreat – Outlook Bank Mandiri Padang 06-08
2024 Ekonomi Indonesia Tahun December
2024 Director’s Consortium – Stanford United 14-18 Oktober 2025 2024
Public Program Graduate States 2024 Taufik Member Penyelarasan Sertifikasi LPPI Jakarta 21 January
School of Hidayat Manajemen Risiko Jenjang 7 2024
Business
BoC Retreat - Keamanan Bank Mandiri Jakarta 24-25 August
BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December Siber 2024
Indonesia Tahun 2025 2024
BoC Retreat – Outlook Bank Mandiri Padang 06-08
Rasyid Member Re-Certification Manajemen Risiko LSPP Jakarta 25 January 2024 Ekonomi Indonesia Tahun December
Darajat Jenjang 6 2025 2024
Internal Control over Financial PwC Jakarta 15 February 2024 Agus Representative ISEA Board & Executive ISEA Jakarta 29 February – 1
Reporting Retmono Member of PT Development Program 2024 March 2024
AXA Mandiri Batch XIX
Program Chartered Accountant BUMN School Jakarta May – July 2024
Financial Services
of Excellence Insurance Asia Forum Charlton Media Jakarta 14 May 2024
(BSE) – Ikatan
Akuntan Sertifikasi Ulang QCRO LSP MKS Online 6 May 2024
Indonesia (IAI)
Mandiri Investment Forum Bank Mandiri Jakarta 5 March 2024 AAJI DRiM 2024 AAJI Jakarta 15 May 2024
BOC Retreat - Keamanan Siber Bank Mandiri Bandung 24-25 August GRC Summit 2024 Master CRMS Yogyakarta 23 August 2024
2024 Class & Seminar
ISACA 2024 Europe Conference ISACA London 15-17 October Peran dan Tanggung ISEA Online 12 September
2024 Jawab Komisaris serta 2024
Independensinya
BoC Retreat – Outlook Ekonomi Bank Mandiri Padang 06-08 December dalam Mengembalikan
Indonesia Years 2025 2024 Kepercayaan Pemangku
Kepentingan
Refreshment Program Deloitte Jakarta 22 October
“Pelindungan Data Pribadi 2024
(PDP)”
Refreshment Program
“Personal Data Protection
(PDP)”
PT BANK MANDIRI (PERSERO) TBK 256 257 ANNUAL REPORT 2024
Page 130
COMPANY PROFILE
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Fendy Representative National Seminar on APPI Jakarta 30 January Boedi Representative Connecting the Dots OJK Online 11 January
Eventius Member of PT Financing Challenges in 2024 2024 Armanto Member of PT 2024
Mugni Mandiri Tunas Mandiri Taspen
Training Basic Multifinance Duta Pro Training Bandung 11-12 January Peluang dan Tantangan Aset OJK Online 14 March 2024
Finance
Business and Consulting 2024 Digital di Indonesia
Seminar Nasional Bertumbuh APPI Bali 6 March 2024 Strategi Mengakselerasi OJK Online 21 March 2024
Dalam Pengaturan UU P2SK Pangsa Pasar Keuangan
Syariah
National Seminar on Growth
Peran Taksonomi untuk OJK Online 28 March 2024
in the Settings of the P2SK
Keuangan Berkelanjutan
Law
Indonesia (TKBI) dalam
Training Certification in IKAI Jakarta 20-22 & 27 May Mendorong Transisi Energi
Audite Committee Practices 2024 Menuju Net Zero Emission
Batch 40 Indonesia
Training Master Class Risk CRMS Jakarta 15-17 Juy 2024 How to Prevent OJK Online 16 May 2024
Governance - QRGP Greenwashing in Sustainable
(Qualified Risk Governance Finance
Professional) Certification
Peran Innovative Credit OJK Online 27 June 2024
Strategic Planning for 2025 - Markplus Institute Labuan Bajo 12-13 Scoring (ICS) dalam
Formulating the new Path for September Meningkatkan Akses
Profitability 2024 Pendanaan
The Future of Data Analytics OJK Institute Online 12 September Sharing Session Keamanan Bank Mandiri Jakarta 16 Juli 2024
in the Financial Industry: 2024 dan Pertahanan Siber dari Taspen
Trends and Innovations BSSN
Understanding the Climate OJK Institute Online 26 September Driving Corporate OJK Online 25 Juli 2024
Landscape for Financial 2024 Performance through
Institutions Artificial Intelligence
Carbon Trading and its Effect OJK Institute Online 17 October Penyelarasan Manajemen BARa Jakarta 21-23 August
on Indonesia’s Economy 2024 Risiko untuk Komisaris 2024
Strengthening Financial OJK Institute Online 21 November How to Prevent Money OJK Online 05 September
Integrity: Advanced 2024 Laundering and Terrorism 2024
Strategies and Innovations in Financing
Anti-Fraud
Sertifikasi Manajemen Risiko LSPP Jakarta 19 September
Kusman Representative International Seminar on The APPI Jakarta 6 Agustus 2024 Perbankan Kualifikasi 6 Tanpa 2024
Yandi Member of PT Fed’s Interest and Enhancing Berjenjang
Mandiri Utama Market Share Through
Innovation and ASEAN Global Beijing 04-08
Finance Technologies Transformation
Entrepreneurship: Cutting- Leadership November
Seminar Nasional Economic APPI Jakarta 1 October 2024 edge insight from China Programme 2024
Outlook 2025
Alamanda Representative - - - -
Risk & Governance Summit OJK 26 November Shantika Member of PT
2024 : Strengthenin the GRC 2024 Mandiri Capital
Ecosystem in the Financial Indonesia
Sector to Support the Golden
Indonesia 2045 Vision
PT BANK MANDIRI (PERSERO) TBK 258 259 ANNUAL REPORT 2024
Page 131
COMPANY PROFILE
EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Mohamad Representative Refreshment Manajemen Maisa Edukasi Virtual Zoom 26 January Mohamad Representative Training & Courtesy Visit Bank Syariah KSA Saudi 4 – 12 February
Nasir Member of PT Risiko Perbankan Jenjang 5 2024 Hidayat Member of PT Transaction Banking to Indonesia Arabia 2024
Bank Syariah Mengelola Risiko Asuransi, Bank Syariah Arabic Saudi
Indonesia Risiko Transaksi Intra-Group, Indonesia
Top Executive Learning Bank Syariah Jakarta 26 February
Stress & Back Testing dan
Program (TELP) - Series 2 Indonesia 2024
Menganalisa Kebutuhan
Tahun 2024
Sistem Informasi
Socialization of POJK Tata Bank Syariah Jakarta 28 February
Board Forum Q4 Tahun 2024 Bank Syariah Bandung 23 February
Manage Sharia & SEOJK. Risk Indonesia 2024
Sharing Session Navigating Indonesia & Bank 2024
Management for BUS and
Uncertainty : Role of Mandiri
UUS
Islamic Ecosystem in Driving
Economic Growth Socialization from OJK OJK Jakarta 26 May 2024
regarding Product Guidelines
Top Executive Learning Bank Syariah Jakarta 26 February
Musharaka financing
Program (TELP) - Series Indonesia 2024
II Tahun 2024 Tema : Pembekalan BSMR Dewan LSPKS BSI Virtual Zoom 2 & 3 July 2024
Leadership Transformation Pengawas Syariah dan
Komite Syariah Jenjang 4
One Day Workshop Komisaris Ikatan Bankir Jakarta 4 Maret 2024
& Perangkat Komisaris PT Indonesia & Workshop Pra Ijtima’ Sanawi DSN MUI Jakarta 11 September
Bank Syariah Indonesia, Tbk Bank Syariah (Annual Meeting) DPS IX 2024
Indonesia Tahun 2024 Bidang Bank
Umum Syariah dan Unit
Board Forum Q1 - 2024 Mandiri Group Jakarta 20 May 2024
Usaha Syariah
Innovation and Sustainability
to Catalyze Mandiri’s Market Currency Transaction Training Bank Syariah Malang 26 – 27
Dominance. Sharing Session Alien to the Supervisory Board Indonesia September
Sustainability Synergy: Sharia 2024
Constructive Collaboration Ijtima’ Sanawi (Annual DSN MUI Jakarta 11-12 October
on Mandiri Ecosystem Meeting) DPS XX Tahun 2024 2024
Board Forum Q2 – 2024: Mandiri Group Jakarta 09 Agustus Top Executive Learning Bank Syariah Jakarta 17 December
Strategic Innovation in 2024 Program (TELP) - Desember Indonesia 2024
Conglomerates for Market Tahun 2024 Tema : Execution
Domination Sharing Session Matters: Rencana Tidak
Seminar Nasional ASBISINDO Jakarta 06 November Mengubah Apa-Apa
“PENGEMBANGAN PRODUK 2024 Sharing Session at Meetings Bank Syariah Bandung 20 December
BANK SYARIAH: “Penguatan National Work (RAKERNAS) PT Indonesia 2024
Karakteristik dan Pengaturan Bank Syariah Indonesia Tbk
Perbankan Syariah” by Juan Hasang Enterprise
Board Forum Q3 – 2024 Mandiri Group Jakarta 15 November Solution Architech Manager
Collaborative Future : 2024 AWS Indonesia Topic : Bank
Paving Pathways For Better of The Future
Indoneisa Sharing Session Hosen Representative Sosialisasi Omnibus Kliring Sentul – 19 January
Top Executive Learning Bank Syariah Jakarta 17 Desember Member of PT Penjaminan Efek Bogor 2024
Program (TELP) - Desember Indonesia 2024 Bank Syariah Indonesia
Tahun 2024 Tema : Execution Indonesia
Global Annual General Central Yunani 27 May 2024 –
Matters: Rencana Tidak Meeting Counterparties 31 May 2024
Mengubah Apa-Apa Global
Sharing Session di Rapat Bank Syariah Bandung 20 December Education programs Asosiasi Jakarta 19 November
Kerja Nasional (RAKERNAS) PT Indonesia 2024 Continuing Member Perusahaan Efek 2024
Bank Syariah Indonesia Tbk Directors and Board Members Indonesia
oleh Juan Hasang Enterprise Securities Company
Solution Architecht Manager Commissioner who carries
AWS Indonesia Topik : Bank of out the activity Business as
The Future Guarantor
Securities Emissions and/or
Securities Broker
PT BANK MANDIRI (PERSERO) TBK 260 261 ANNUAL REPORT 2024
Page 132
COMPANY PROFILE
EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
COMPETENCE DEVELOPMENT FOR INTERNAL AUDIT AND RISK MANAGEMENT
COMPETENCE DEVELOPMENT FOR CORPORATE SECRETARY
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Adi Pranantias Internal Audit Certification Dealer Advance Mandiri Jakarta 19 June 2024
SEVP MPM Executive - University
Corporate Strategic People Mandiri University Jakarta 02 July 2024
Relations Review BOD-1 Pembekalan Certification Audit Ikatan Auditor Jakarta 12 May 2024
Intern Bank Level Audit Manager Intern Bank
M. Wisnu concurrently
Trihanggodo* serving Program Pembekalan Manjemen LPPI Jakarta 03 May 2024
as Interim Advance Dealer Risiko Perbankan Kualifikasi 6
Mandiri University Jakarta 19 June 2024
Corporate Certification Pembekalan Certification Mandiri Jakarta 23 April 2024
Secretary. Manjemen Risiko Jenjang 6 University
Ade Hasballah Retail Audit MPM Executive – Strategic People Mandiri Jakarta 02 July 2024
Strategic People
Abudullah Review BOD-1 University
Co-Creation
(Spc) 2nd Flight : Pembekalan Certification Mandiri Jakarta 10 June 2024
Manjemen Risiko Jenjang 6 University
#Navigating
Bankwide Mandiri University Jakarta 16 October 2024 Policy & Procedure Corner: Mandiri Jakarta 26 April 2024
Strategy Journey Ketentuan Internal Terkait University
Pelindungan Data Pribadi
Through Effective
Leadership Mindha Erdismina Wholesale & Strategic People Co-Creation Mandiri Jakarta 16 October 2024
Principles Corporate (SPC) 2nd Flight: University
Teuku Ali Usman** Corporate Center Audit #Navigating Bankwide Strategy
Secretary Pre-briefing 04 September Journey Through Effective
Mandiri University Jakarta
Retirement 2024 2024 Leadership Principles#
MPM Executive - MPM Executive – Strategic People Mandiri Jakarta 02 July 2024
Review BOD-1 University
Strategic People Mandiri University Jakarta 02 July 2024
Review BOD-1 Pembekalan Certification Mandiri Jakarta 14 June 2024
Manjemen Risiko Jenjang 6 University
Workshop
Deni Hendra IT Audit Strategic People Co-Creation Mandiri Jakarta 16 October 2024
Government
Mandiri University Jakarta 17 May 2024 Permana (SPC) 2nd Flight: University
Business #Navigating Bankwide Strategy
Development Journey Through Effective
Leadership Principles#
*) Served as Interim Corporate Secretary since 1 December 2024 as reported to OJK through Letter Number CRL. CSC/
CMA.1787/2024 dated 2 December 2024 MPM Executive – Strategic People Mandiri Jakarta 02 July 2024
**) The term of office ended on 1 December 2024 as reported to the OJK through Letter Number CRL. CSC/CMA.1787/2024 dated 2 Review BOD-1 University
December 2024 Asep Syaeful Senior Strategi dan Teknik Investigasi Mandiri Jakarta 22 October 2024
Rochman Investigator University
Strategic People Co-Creation Mandiri Jakarta 16 October 2024
(SPC) 2nd Flight: University
#Navigating Bankwide Strategy
Journey Through Effective
Leadership Principles#
MPM Executive – Strategic People Mandiri Jakarta 02 July 2024
Review BOD-1 University
Pembekalan Certification Mandiri Jakarta 10 June 2024
Manjemen Risiko Jenjang 6 University
Pengarahan Aspek Compliance & Mandiri Jakarta 27 May 2024
SDM Pengelolaan Tenaga Sales University
Mobile Forensic Mandiri Jakarta 22 May 2024
University
Dila Pramita Putri Internal Audit Certification provision Level 5 Risk Mandiri Jakarta 2 August 2024
Management University
Redesigning Learning Journey ODP Mandiri Jakarta 18 July 2024
& SDP University
Strategic Business Leaders - Mandiri Jakarta 13 July 2024
Leading for Impact University
Policy & Procedure Corner: Mandiri Jakarta 26 April 2024
Related Internal Provisions Personal University
Data Protection
Level SMR Refreshment 5: Mandiri Jakarta 31 January 2024
Implementation of Enterprise Risk University
Management in Achieving
Sustainable Bank
PT BANK MANDIRI (PERSERO) TBK 262 263 ANNUAL REPORT 2024
Page 133
COMPANY PROFILE
EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS, EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT MANAGEMENT
Name Position Training/Seminar Organizers Location Date Name Position Training/Seminar Organizers Location Date
Rossiyana Internal Audit Project Management IT Mandiri Jakarta 1 March 2024 Hamidah Aprilia Wholesale & Podcast Fraudtalk Mandiri Jakarta 14 August 2024
University Corporate University
Center Audit
Ani Noeranisa Retail Audit MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024 Policy & Procedure Corner: Mandiri Jakarta 26 April 2024
University Ketentuan Internal Terkait University
Pelindungan Data Pribadi
Mandirian DNA Mandiri Jakarta 14 August 2024
University
Certification Internal Audit Mandiri Jakarta 9 August 2024
Yonaz Adiyono Wholesale & MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
University
Corporate University
Policy & Procedure Corner: Mandiri Jakarta 26 April 2024 Center Audit
Pembekalan Certification Mandiri Jakarta 2 August 2024
Ketentuan Internal Terkait University
Manajemen Risiko Jenjang 5 University
Pelindungan Data Pribadi
Pembekalan Nasional Mandiri Best Mandiri Jakarta 25 April 2024
Project Management IT Mandiri Jakarta 1 March 2024
Employee (MBE) Years 2024 University
University
Buddy Setiawan IT Audit Strategi dan Teknik Investigasi Mandiri Jakarta 22 October 2024
Dewi Sartika Retail Audit MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
University
University
MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
Certification Internal Audit Mandiri Jakarta 9 August 2024
University
University
Certification Internal Audit Mandiri Jakarta 7 August 2024
Pembekalan Certification Mandiri Jakarta 23 July 2024
University
Manajemen Risiko Jenjang 5 University
PDP Good Practice Mandiri Jakarta 24 July 2024
Program Mandirian Jadi Digital Mandiri Jakarta 3 July 2024
University
2024 University
Strategic Business Leaders - Mandiri Jakarta 13 July 2024
Project Management IT Mandiri Jakarta 1 March 2024
Leading For Impact University
University
Webinar Legal Series es Mandiri Jakarta 15 February
Harry Santoso Retail Audit Pembekalan Certification Mandiri Jakarta 6 September
University 2024
Manajemen Risiko Jenjang 5 University 2024
Refreshment SMR Jenjang Mandiri Jakarta 19 January 2024
MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
5: Penerapan Enterprise Risk University
University
Management Dalam Mencapai
MPM Executive – Strategic People Mandiri Jakarta 02 July 2024 Sustainable Bank
Review BOD-1 University
Indra Fachri IT Audit MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
Project Management IT Mandiri Jakarta 1 March 2024 University
University
Strategic Business Leaders - Mandiri Jakarta 13 July 2024
Susilo Parnanto Retail Audit MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024 Leading for Impact University
University
Pembekalan Certification Mandiri Jakarta 31 May 2024
Pembekalan Certification Mandiri Jakarta 2 August 2024 Manajemen Risiko Jenjang 4 University
Manajemen Risiko Jenjang 5 University
Bank Mandiri Audit Course (BMAC) Mandiri Jakarta 18 January 2024
Angky Widyastoto Wholesale & RMA - Assessment in Financial Mandiri Jakarta 4 September University
Corporate Aspect University 2024
Rebiyana Muharana IT Audit Pembekalan Certification Mandiri Jakarta 6 september
Center Audit
Bank Mandiri Audit Course (BMAC) Mandiri Jakarta 23 August 2024 Manajemen Risiko Jenjang 5 University 2024
University
MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
Certification provision Level 5 Risk Mandiri Jakarta 23 July 2024 University
Management University
Strategic Business Leaders - Mandiri Jakarta 13 July 2024
Leaders As Teacher – Risk Mandiri Jakarta 28 June 2024 Leading for Impact University
Academy University
Siti Nur Hidayah IT Audit Pembekalan Certification Mandiri Jakarta 6 September
Workshop Industry Rating and Mandiri Jakarta 9 January 2024 Dinarti Manajemen Risiko Jenjang 5 University 2024
Outlook dan Sosialisasi Loan University
Strategic Business Leaders - Mandiri Jakarta 13 July 2024
Portofolio Guideline 2024
Leading for Impact University
Arininta Triani Wholesale & Investigation Strategies and Mandiri Jakarta 22 October 2024
Agus Prakarsa Senior Strategi dan Teknik Investigasi Mandiri Jakarta 22 October 2024
Corporate Techniques University
Yuristama Investigator University
Center Audit
Validation of Financial Reports Mandiri Jakarta 8 October 2024
MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
Specific University
University
Policy & Procedure Corner: Mandiri Jakarta 26 April 2024
Ritchie Harris Senior MPM Mastery - Masterclass Mandiri Jakarta 27 August 2024
Related Internal Provisions Personal University
Mohammad Investigator University
Data Protection
Open Class: Knime Analytics Mandiri Jakarta 21 August 2024
Level SMR Refreshment 5: Mandiri Jakarta 31 January 2024
Training University
Implementation of Enterprise Risk University
Management in Achieving Mandirian DNA Mandiri Jakarta 14 August 2024
Sustainable Bank University
Mobile Forensic Mandiri Jakarta 22 May 2024
University
PT BANK MANDIRI (PERSERO) TBK 264 265 ANNUAL REPORT 2024
Page 134
COMPANY PROFILE
EDUCATION AND/OR TRAINING OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL AUDIT UNIT AND RISK
MANAGEMENT
Name Position Training/Seminar Organizers Location Date
Adityo Wicaksono Operational Introduction to Portfolio
Visa Worldwide 20 - 22 February
Risk Management: Principles of Dubai
Indonesia 2024
Profitability
FICO World 2024 – Fraud San Diego,
FICO World 15 –18 April 2024
Management USA
Visa Asia Pacific Risk Executive 28 – 30 May
Visa Asia Pacific Thailand
Council 2024
Mastercard Asia Pacific Fraud Mastercard Asia 23 –25 October
Taiwan
Advisory Council Pacific 2024
Alfanendya Safudi Group Head Certification provision Level 6 Risk Mandiri Mandiri
14 June 2024
Credit Portfolio Managemen University University
Risk
Strategic People Co-Creation
(SPC) 2nd Flight : “Navigating
Mandiri Mandiri
Bankwide Strategy Journey 16 June 2024
University University
Through Effective Leadership
Principles”
Senior Risk Leader Capacity Mandiri Mandiri
22 October 2024
Enhancement University University
Enhancing Enterprise Risk
Manegement and Integrated
Bank Indonesia Bali 27-28 June 2024
Crisis Management Throught
Digitalization
Bily Arkan Group Head General Management of Pension
ADPI Jakarta 11 January 2024
Market Risk Funds
Pension Fund Risk Management ADPI Jakarta 24 April 2024
Certification provision Level 6 Risk Mandiri Mandiri
10 June 2024
Manageme University University
Mandiri Mandiri
Advance Dealer Certification 19 June 2024
University University
Mpm Executive - Strategic People Mandiri Mandiri
02 July 2024
Review Bod-1 University University
Senior Risk Leader Capacity Mandiri Mandiri
22 October 2024
Enhancement University University
PT BANK MANDIRI (PERSERO) TBK 266 267 ANNUAL REPORT 2024
Names mentioned 104 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Mandiri Digital Transformation With Excellent Results
p.3
unresolved
org
Bank Mandiri Human Capital
p.4
unresolved
org
Bank Mandiri The Board
p.4
unresolved
org
Bank Soundness Level
p.4 ×4
unresolved
—
Funding to Related Parties
p.4
unresolved
org
Transparency of Financial
p.4
unresolved
org
Bank Mandiri’s Loan Growth Supports Strategic Sectors
p.6
unresolved
org
Bank Mandiri’s Loan Growth
p.6
unresolved
org
Bank Mandiri NPL Ratio
p.6
unresolved
org
Bank Mandiri Consistently Supports National
p.6
unresolved
org
Bank Mandiri’s Loan Growth Continues
p.6
unresolved
org
Bank Mandiri’s Credit Growth Significantly Support Overall Industry
p.6
unresolved
org
Bank Mandiri’s Loan Growth Rate
p.6 ×2
unresolved
org
Bank Indonesia
p.6 ×9
unresolved
org
Bank Mandiri TUBERCULOSIS FREE HEALTH
p.7
unresolved
org
Bank Mandiri’s MSME
p.7
unresolved
org
Bank Mandiri Savings Growth YoY
p.9
unresolved
org
Bank Mandiri’s Commitment
p.11
unresolved
org
Bank Mandiri’s Business
p.11
unresolved
org
Bank Mandiri Europe
p.13
unresolved
org
Bank Mandiri Finance Taspen Providing
p.13
unresolved
org
Bank Syariah
p.13
unresolved
org
Bank Mandiri Share Price
p.19
unresolved
org
Bank Mandiri Shares Price
p.20
unresolved
org
Bank Mandiri Stock Price Movements For
p.20
unresolved
org
Bank Mandiri Share Price Performance
p.20
unresolved
org
Bank Mandiri Shares Transaction Volume
p.20
unresolved
org
Bank Mandiri Shares Market Capitalization
p.20
unresolved
org
PT Kliring Penjaminan
p.21
unresolved
org
KPEI
p.21 ×2
unresolved
org
PT Asuransi Jiwa
p.21
unresolved
org
Bank Indonesia Regulation
p.21
unresolved
org
Bank Mandiri Phase I
p.21
unresolved
org
Government of the Republic of Indonesia
p.21
unresolved
org
PT Asco Investindo
p.21
unresolved
org
PT Tunas
p.21
unresolved
org
Bank Mandiri’s Euro Medium Term I Phase II
p.21
unresolved
org
Bank Mandiri Baa
p.21
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.21
unresolved
org
PT Kustodian Sentral Efek Indonesia. Baa
p.21
unresolved
org
Bank Mandiri Sustainable Green Bond I
p.24
unresolved
org
Bank Mandiri Annual GMS
p.24
unresolved
org
PT BYD Motor Indonesia.
p.24
unresolved
org
Minister of SOEs Erick Thohir
p.25
unresolved
org
Ministry of SOEs Tedi Bharata
p.25
unresolved
org
PT CT Corpora
p.25
unresolved
org
Mandiri (Persero) Tbk
p.25 ×2
unresolved
org
Bank CT Corp
p.25
unresolved
org
Koperasi
p.26
unresolved
org
Bank Mandiri President Director Darmawan Junaidi
p.26
unresolved
org
PT Kereta
p.26
unresolved
org
Bank Indonesia. Moreover
p.29
unresolved
org
Financial Services Authority
p.30 ×3
unresolved
org
Bank Performing Financing
p.30
unresolved
org
Ministry of SOEs
p.30
unresolved
org
Bank Mandiri’s Business Plan
p.31
unresolved
org
Bank Mandiri Financial
p.32
unresolved
org
Bank Mandiri’s Internal Control
p.33
unresolved
org
Tanudiredja
p.33
unresolved
org
Rintis & Rekan
p.33
unresolved
org
Bank Mandiri’s Board
p.34 ×2
unresolved
person
Adrinof A. Chaniago
p.34
unresolved
org
Bank Mandiri. This
p.34
unresolved
org
Bank Mandiri’s Financial
p.34
unresolved
org
Bank Mandiri’s Financial Conglomerate. As
p.34
unresolved
org
Bank Mandiri’s CASA
p.38
unresolved
org
Kota Nusantara
p.40
unresolved
org
Bank Soundness
p.41
unresolved
org
Bank Mandiri’s Bank Soundness
p.41
unresolved
—
Reassigned
· Director
p.42
unresolved
—
Appointed Mr. Totok Priyambodo
· Director
p.42 ×3
unresolved
person
Vice
· President Director
p.45 ×2
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