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Axa Mandiri Financial Services, one of Indonesia’s major insurance companies, expects to maintain double-digit growth in premium income this year, by tapping into the large customer base of its parent company, Bank Mandiri. Axa Mandiri Financial Services (Axa…
Reit Lippo Malls Indonesia Retail Trust (LMIRT) plans to buy Lippo Mall Puri in West Jakarta for US$261.6 million. LMIRT Management, which runs LMIRT, said in a statement it has entered into a conditional sale-and-purchase agreement for the 115,600sqm mall,…
Bank Mandiri, Indonesia’s largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth parked in the city-state.…
Bank Mandiri will expand operations in Malaysia by using its newly awarded status as a cross-regional lender, Indonesia’s largest state-owned bank said Thursday. Mandiri said it is the first bank in the region to be designated a qualified ASEAN bank — a…
Indonesia’s largest lender Bank Mandiri wants a piece of the lucrative private banking business in Singapore, particularly the accounts of wealthy Indonesian clients. Recent reforms in Indonesia, including a successful tax amnesty, have made ultra-rich…
State lender Bank Mandiri posted a net profit of Rp4.1 trillion in the first quarter of 2017, up 6.9 percent from Rp3.8 trillion in the same period last year. One of the factors increasing the profit was the rise in the amount of financing as reflected by…
State lender Bank Mandiri saw its net profit plunging by up to 32.1 percent to Rp13.8 trillion in 2016 from Rp20.3 trillion in 2015. The net profit fell, as the bank set aside its operating income to raise its provisions for loan loss coverage, following the…
State-owned Bank Mandiri has disbursed Rp1.2 trillion to state-owned railway firm PT KAI for the development of a double-track railway in South Sumatra. Senior Executive Vice President of Bank Mandiri Alexandra Askandar in the signing of the agreement with…
The family of Rezky Yami Putri, 27, born with an imperfect three-fingered left hand half the size of a normal hand, was skeptical when she landed a job at Indonesia’s largest lender Bank Mandiri. They thought she was deceived, because such an achievement…
State-owned lender Bank Mandiri has joined hands with chat app operator LINE Indonesia to integrate its Mandiri e-cash product with LINE pay service. The partnership is aimed at facilitating LINE users in carrying out electronic transactions. “E-cash transfer…
State lender Bank Mandiri is preparing a syndicated loan of Rp4 trillion to build five airports in Indonesia in the fourth quarter of 2016, the banks corporate banking director, Royke Tumilaar, said. Bank Mandiri will lead the syndication of loans to state…
NH Financial Group signed a memorandum of understanding (MOU) with Indonesia’s largest bank Bank Mandiri at Mandiri’s main office in Jakarta, Indonesia, on March 1 to cooperate in developing rural areas in the Southeast Asian country. Mandiri is the largest…
PT Bank Mandiri Tbk (BMRI), the largest bank by assets in Indonesia, is planning to tap the growing automotive credit market through a joint venture (JV) with a multifinance firm PT Mandiri Utama Finance (MUF). The bank plans to collaborate with automotive…
