Thursday, March 25, 2010

Bank Mandiri aims market cap IDR225 trillion

PT Bank Mandiri Tbk aims to tap market capitalization worth IDR225 trillion in 2014. The action was along with the second phase business transformation of 2009-2014 period to pursue the target of top five leading banks in Southeast Asia. Mandiri focused on three business lines in pursuit of the target.
In the past five years, Bank Mandiri finance performance has significantly changed such as the growing 85.6 percent profits into IDR7.16 trillion, mounting credit from iDR106.9 trillion into IDR98.6 trillion, third party fund from IDR206.3 trillion into IDR319.6 trillion.
In terms of NPL it dropped from 25.2 percent into 2.79 percent (gross) and the reserves ratio rose from 43.9 percent into 200.5 percent.
Bank Mandiri expected the dividend for this year to the government is about 20-35 percent to expand larger corporate capital.
Bank Mandiri realizes the core capital (tier I) capital strengthening this year from three resources, namely Garuda debt payment, rights issue, and retained earnings.

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