Bank Mandiri Profile

Bank Mandiri was formed on 2 October 1998, as part of the Government of Indonesia’s bank restructuring program. In July 1999, four state-owned banks–Bank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindo–were amalgamated into Bank Mandiri. Each of our four legacy banks played an integral role in the development of the Indonesian economy. Today, Bank Mandiri continues this tradition of more than 140 years of delivering expertise in banking and financial services throughout Indonesia.

Immediately following the merger, Bank Mandiri embarked on a comprehensive process of consolidation. Most visibly, we closed 194 overlapping branches and reduced our combined workforce from 26,600 to 17,620. Our single brand was rolled out throughout our network and across all of our advertising and promotional activities. One of Bank Mandiri’s most significant achievements has been the complete replacement of our technology platform. We inherited a total of nine different core banking systems from our four legacy banks. After an initial investment to immediately consolidate our systems around the strongest inherited platform, we undertook a three-year, US$200 million, program to replace our core banking platform with one specifically geared toward consumer banking. Today, Bank Mandiri’s IT infrastructure provides straight-through processing and a unified interface for customers.

Our corporate customer base still represents the core of the Indonesia economy. By sector, it is well diversified and particularly active in food and beverage manufacturing, agriculture, construction, chemicals and textiles. Credit approvals and monitoring are subject to a highly structured ‘four eyes’ approval process, in which credit approval decisions are separated from the marketing activities of our business units.

From its founding, Bank Mandiri has worked to create a strong, professional management team operating under internationally recognized principles of corporate governance, control and compliance. The Bank is supervised by a Board of Commissioners appointed by the Ministry of State-Owned Enterprise from respected members of the financial community. The highest level of executive management is the Board of Directors, headed by a President Director. Our Board of Directors includes bankers drawn from the legacy banks as well as independent outside directors. In addition, Bank Mandiri maintains independent Offices of Compliances, Audit and the Corporate Secretary, and is under regular scrutiny from external auditors representing Bank Indonesia and the Supreme Audit Agency (BPK), as well as international auditing firms. AsiaMoney magazine had recognized our commitment toward GCG principles by awarding Corporate Governance Award for category Best Overall for Corporate Governance in Indonesia and Best for Disclosure and Transparency

With assets that have grown to more than Rp 319 trillion today, and more than 21 thousand employees spread among 956 domestic branch offices and 6 overseas branches and representatives Bank Mandiri has committed to delivering excellence in banking services and to provide wide-ranging financial solutions in investment and sharia’ products as well as bancassurance for our private and state-owned corporate, commercial, small business and micro customers in addition to our consumer clients. This commitment had been recognized through the top ranking in Banking Service Excellence Award 2007 of Infobank magazine.

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Bank Negara Indonesia Profile

Initially referred to by its unabbreviated name of Bank Negara Indonesia when it was established in 1946, BNI is the first bank formed and owned by the Indonesian Government.

Historical records indicate that on of the eve of the 30th of October 1946, or merely a few months after its formal establishment, the Bank distributed the first currency bills ever issued by Indonesia’s Government popularly known at the time as ORI, or ‘Oeang Republik Indonesia’ (Currency of the Republic of Indonesia). In fact, this day is commemorated annually as the National Finance Day while the date of the Bank's establishment - the 5th of July - was designated as National Bank Day.

Bank Negara Indonesia's role as the circulation and central bank was duly terminated in 1949 following the government’s appointment of the former Dutch-controlled bank, De Javasche Bank, as Indonesia's Central Bank . The Bank, subsequently designated as a development bank, was later granted the rights to provide foreign reserve services that allowed it access to direct foreign transactions.

Enhanced by increased capitalization, the Bank's legal status was formally changed to that of a state-owned commercial Bank in 1995. This provided the Bank with the foundation to provide better and wider range of both access and services for the country's business sectors.

In its quest to competitively differentiate itself from its competitors, the Bank decided, towards the end of 1968, to attach its year of establishment to its corporate name to become Bank Negara Indonesia 1946. The Bank was therefore popularly referred to, for decades, as 'BNI 46'. The simpler name of 'Bank BNI' was adopted in 1988 along with the change of the corporate identity.

BNI’s legal status was upgraded in 1992 to that of a state-owned limited corporation under the name of PT Bank Negara Indonesia (Persero) and the bank decided to become a public company through its initial public offering of its shares in 1996.

BNI's ability to adapt to environmental, socio-cultural and technological advances is reflected through the continuous refinement of its corporate identity which is carried out to suit the changing demands and trends of the times. This adaptability signifies the Bank's dedication and commitment towards continuous improvement of its performance.

A refined corporate identity was introduced in 2004 that reflects the positive prospects for the future after a year of struggle characterized by a period of hardship. A shorter name of 'BNI' subsequently replaced the former 'Bank BNI', while the year of its establishment - '46' - was exposed through the logomark to reinforce the pride and distinction that the Bank had in being the country's first national bank.

In keeping with the spirit of the heroic national struggle that is rooted in its history, BNI strives to provide the best services for the country and to ultimately become the Pride of the Nation, today and always.

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Bank Mega Profile

It Start with one family business called PT. Bank Karman ( Karya Mandiri ) that established on 1969 at Surabaya,with further business step on 1992 the board decided to changed corporate name into PT. Mega Bank and carried out to relocate their head office into Jakarta.

Along with the economic development PT. Mega Bank on 1996 being take over by PARA GROUP (PT. Para Global Investindo dan PT. Para Rekan Investama). In order to be well known as a trustworthy public financial service institution, the board decided to change the corporate logo with something that more familiar and easy to remember. And followed by changing the corporate name into PT. Bank Mega on year 2000.

Initial Public Offering and listed being held at either BEJ and BES, for strengthen our asset structure purposes. Thus some of PT. Bank Mega assets will be held by third party, alson changed the corporate name into PT. Bank Mega Tbk.

The time has come while the economic crisist stroke our country, but Bank Mega standing still and raise up as one of the healthiest local bank and keep on growing without any government aids along with other banks such as Citibank, Deutche Bank and HSBC.

With the new corporate motto "Mega Your Destination" Bank Mega performance growing faster and well maintained, also become well known as one of healthiest financial service institution which able to put equaly with several sophisticated banks in Asia Pacifics. Bank Mega Also received many local and overseas award with outstanding financial record either regional and international achivement.

Inorder to create an appropriate performance according to the main motto, PT. Bank Mega held the profesionalism, transparancy, and awareness fundametal atitude with outstanding healthy asset structure, products and updated banking facility. PT. Bank Mega Tbk. network station already reach 182 unit that includes branch office, subsidiary branch office, and Cash office either Priority Banking which spreads all over Indonesia major city.

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Bank Rakyat Indonesia Profile

BRI was founded in 1895, during the Dutch colonial period as "De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden", by Raden Aria Wirjaatmadja. It then underwent its first (of many) name changes to "Hulp-en Spaarbank der Inlandsche Bestuurs Ambtenaren" (tr. Aid and Savings Bank for Local Civil Servants).

Going through several name changes, its final name during the colonial period was "Algemene Volkscredietbank (AVB)", or People's General Credit Bank, in 1934. This translates loosely into Indonesian as "Bank Rakyat Serikat". At this point it was one of the largest institutions in the (then) colony.

The bank's operations were affected by the Japanese occupation during the 1942 to 1945 period of World War II, including a further name change to "Shomin Ginkou" (tr. "People's Bank"). After the Indonesian declaration of independence, on 17 August 1945 the bank was officially nationalised by the new government and then re-named "Bank Rakyat Indonesia Serikat".

As a bank, wholly owned by the government, BRI's structure then largely followed government whim, which moved rapidly towards socialism under President Sukarno and then to stateauthoritarianism under President Suharto. This involved being folded into, and then out of, Bank Indonesia (now the central bank of Indonesia). BRI gained its current name and status in 1992.

BRI was nearly unique in Indonesia in the East Asian financial crisis of 1997, in that its operations were largely unaffected. This was because it had very little, if any, lending in foreign currencies or to the large corporations that had been borrowing heavily overseas, as most of the other large Indonesian banks had.

Since then BRI has been concentrating on increasing its core business and improving its risk management practices. As part of the reformasi (reform) process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day to day operations, culminating in its IPO. It is also seeking to comply with the Basel II accords, as mandated byBank Indonesia, by 2008.

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Bank Central Asia Profile

BCA was first founded on 21 February 1957 as Bank Central Asia NV. A lot of things have happened since then—the most significant of all being perhaps the Asian monetary crisis in 1997.

Although this crisis had a tremendous impact on Indonesia’s entire banking system, in particular it affected BCA’s cash flow and even threatened its survival. Panic rush forced the bank to seek assistance from the Indonesian government. The Indonesian Banking Restructuring Agency (IBRA) took over BCA in 1998.

Thanks to its management’s business sagacity and shrewd decision making, full recovery was accomplished later in the same year. In December of 1998, third-party funds were back at the pre-crisis level. BCA’s assets stood at Rp 67.93 trillion, as opposed to Rp 53.36 trillion in December 1997. Public confidence in BCA was fully restored, and BCA was released by IBRA to BI in 2000.

Subsequently, BCA took a major step by going public. The IPO took place in 2000, selling 22.55% of BCA’s shares that were being divested by IBRA. After the IPO, the agency still controlled 70.30% of BCA’s total shares. The second Public Offering took place in June and July of 2001, with IBRA divesting an additional 10% of its interest in BCA.

In 2002, IBRA divested 51% of its BCA shares through a strategic private placement tender. The Mauritius-based Farindo Investment, Ltd won the tender. Today, BCA continues to strengthen its tradition of good corporate governance, full compliance with regulations, sound risk management and the commitment to its customers both as a transactional bank and an institution for financial intermediation.

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