Mandiri Bank

Mandiri Bank

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

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