Bank Mandiri

Bank Mandiri's net profit rose 4.56% yoy to IDR 7,232 bil in 4Q2019

By Helgi Analytics - March 2, 2020

Bank Mandiri made a net profit of IDR 7,232 bil under revenues of IDR 25,364 bil in the fourth quarter of 2019, up 4.56% and ...

Bank Mandiri's employees fell 1.87% yoy to 39,065 in 4Q2019

By Helgi Analytics - March 2, 2020

Bank Mandiri employed 39,065 persons in 2019-12-31, down 0.641% when compared to the previous year. Historically, the bank's wor...

Bank Mandiri's market capitalisation (end of period) rose 8.43% yoy to USD 25,866 mil in 4Q2019

By Helgi Analytics - March 2, 2020

Bank Mandiri stock traded at IDR 7,675 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 25,866...

Profit Statement 2017 2018 2019
Net Interest Income IDR bil 52,403 55,100 60,016
Net Fee Income IDR bil 11,214 11,729 12,367
Other Income IDR bil 10,068 13,120 11,345
Total Revenues IDR bil 73,685 79,949 83,727
Staff Cost IDR bil 14,859 16,323 17,221
Operating Profit IDR bil 39,804 43,562 45,454
Provisions IDR bil 11,860 8,165 7,165
Net Profit IDR bil 20,606 24,999 27,473
Balance Sheet 2017 2018 2019
Interbank Loans IDR bil 89,560 39,444 52,082
Customer Loans IDR bil 719,522 812,716 906,209
Debt Securities IDR bil 163,162 178,342 200,809
Total Assets IDR bil 1,124,700 1,202,250 1,318,250
Shareholders' Equity IDR bil 170,006 184,960 209,035
Interbank Borrowing IDR bil 22,177 53,519 49,466
Customer Deposits IDR bil 815,807 840,914 933,125
Issued Debt Securities IDR bil 42,950 51,448 55,199
Ratios 2017 2018 2019
ROE % 12.7 14.1 13.9
ROA % 1.90 2.15 2.18
Costs (As % Of Assets) % 3.13 3.13 3.04
Costs (As % Of Income) % 46.0 45.5 45.7
Capital Adequacy Ratio % 21.7 21.0 21.4
Net Interest Margin % 4.84 4.74 4.76
Loans (As % Of Deposits) % 88.2 96.6 97.1
NPLs (As % Of Loans) % 11.0 9.19 8.82
Provisions (As % Of NPLs) % 41.0 41.4 36.7
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 27,475 23,856 25,866
Share Price (End Of Period) IDR 8,000 7,375 7,675
Price/Earnings (P/E) 18.1 13.8 13.0
Price/Book Value (P/BV) 2.20 1.86 1.71
Dividend Yield % 2.49 3.27 ...
Earnings Per Share (EPS) IDR 442 536 589
Book Value Per Share IDR 3,643 3,963 4,479
Dividend Per Share IDR 199 241 ...

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                          
Net Interest Income IDR bil                             32,777 39,132 45,363 51,825 52,403    
Total Revenues IDR bil                             46,938 54,476 63,686 71,035 73,685    
Operating Profit IDR bil                             26,495 30,228 36,147 40,915 39,804    
Net Profit IDR bil                             18,107 19,869 20,335 13,807 20,606    
balance sheet                                          
Interbank Loans IDR bil                             62,888 89,846 48,150 89,032 89,560    
Customer Loans IDR bil                             463,282 523,706 586,084 643,235 719,522    
Debt Securities IDR bil                             109,030 126,619 147,511 155,533 163,162    
Total Assets IDR bil                             733,100 855,040 910,063 1,038,710 1,124,700    
Shareholders' Equity IDR bil                             88,791 104,845 119,492 153,370 170,006    
Interbank Borrowing IDR bil                             20,629 31,508 28,948 25,550 22,177    
Customer Deposits IDR bil                             556,342 636,382 676,387 762,501 815,807    
Issued Debt Securities IDR bil                             18,941 22,363 28,770 32,602 42,950    
ratios                                          
ROE % ...                           21.9 20.5 18.1 10.1 12.7    
ROA % ...                           2.65 2.50 2.30 1.42 1.90    
Costs (As % Of Assets) % ...                           2.99 3.05 3.12 3.09 3.13    
Costs (As % Of Income) %                             43.6 44.5 43.2 42.4 46.0    
Capital Adequacy Ratio %                             15.1 16.6 18.0 21.4 21.7    
Net Interest Margin % ...                           4.79 4.93 5.14 5.32 4.84    
Interest Income (As % Of Revenues) %                             69.8 71.8 71.2 73.0 71.1    
Fee Income (As % Of Revenues) %                     ...       16.0 14.7 13.8 14.5 15.2    
Staff Cost (As % Of Total Cost) %                             46.1 44.7 44.9 45.2 43.9    
Equity (As % Of Assets) %                             12.1 12.3 13.1 14.8 15.1    
Loans (As % Of Deposits) %                             83.3 82.3 86.6 84.4 88.2    
Loans (As % Assets) %                             63.2 61.2 64.4 61.9 64.0    
NPLs (As % Of Loans) %                             4.98 4.66 7.87 11.7 11.0    
Provisions (As % Of NPLs) %                             69.7 71.0 47.1 41.6 41.0    
valuation                                          
Market Capitalisation (End Of Period) USD mil ... ... ... ...                     15,051 20,227 15,577 19,947 27,475    
Number Of Shares (Average) mil ... ... ...                       46,667 46,667 46,667 46,667 46,667    
Share Price (End Of Period) IDR ... ... ... ...                     3,925 5,388 4,625 5,788 8,000    
Earnings Per Share (EPS) IDR ... ... ...                       388 426 436 296 442    
Book Value Per Share IDR ... ... ...                       1,903 2,247 2,561 3,286 3,643    
Dividend Per Share IDR ... ... ... ...                     250 106 131 133 199   ...
Price/Earnings (P/E) ... ... ... ...                     10.1 12.7 10.6 19.6 18.1    
Price/Book Value (P/BV) ... ... ... ...                     2.06 2.40 1.81 1.76 2.20    
Dividend Yield % ... ... ... ...                     6.37 1.98 2.83 2.30 2.49   ...
Earnings Per Share Growth % ... ... ... ...                     16.8 9.73 2.35 -32.1 49.2    
Book Value Per Share Growth % ... ... ... ...                     16.0 18.1 14.0 28.4 10.8    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                          
Interest Income IDR bil                             50,209 62,638 71,570 76,710 77,699    
Interest Cost IDR bil                             17,432 23,506 26,207 24,885 25,296    
Net Interest Income IDR bil                             32,777 39,132 45,363 51,825 52,403    
Net Fee Income IDR bil                     ...       7,503 8,020 8,818 10,270 11,214    
Other Income IDR bil                     ...       6,658 7,324 9,505 8,939 10,068    
Total Revenues IDR bil                             46,938 54,476 63,686 71,035 73,685    
Staff Cost IDR bil                             9,431 10,848 12,377 13,619 14,859    
Depreciation IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ...   822 939 1,188 1,378 1,389    
Other Cost IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ...   10,189 12,462 13,975 15,123 17,633    
Operating Cost IDR bil                             20,442 24,248 27,539 30,120 33,881    
Operating Profit IDR bil                             26,495 30,228 36,147 40,915 39,804    
Provisions IDR bil                             1,775 2,929 8,697 20,953 11,860    
Extra and Other Cost IDR bil                             788 1,295 1,081 1,389 832    
Pre-Tax Profit IDR bil                             23,932 26,004 26,369 18,573 27,112    
Tax IDR bil                             5,200 5,352 5,217 3,923 5,703    
Minorities IDR bil                             626 783 817 844 803    
Net Profit IDR bil                             18,107 19,869 20,335 13,807 20,606    
Dividends IDR bil ...     ...                     11,667 4,968 6,100 6,213 9,288   ...
growth rates                                          
Net Interest Income Growth % ...                           19.1 19.4 15.9 14.2 1.11    
Net Fee Income Growth % ...                   ... ...     23.2 6.88 9.96 16.5 9.19    
Total Revenue Growth % ...                           18.1 16.1 16.9 11.5 3.73    
Operating Cost Growth % ...                           16.6 18.6 13.6 9.37 12.5    
Operating Profit Growth % ...                           19.3 14.1 19.6 13.2 -2.72    
Pre-Tax Profit Growth % ...                           16.7 8.66 1.40 -29.6 46.0    
Net Profit Growth % ...                           16.8 9.73 2.35 -32.1 49.2    
market share                                          
Market Share in Revenues % ... ... ... ... ... ...                 13.3 13.7 14.5 14.1 14.3 ... ...
Market Share in Net Profit % ... ... ... ... ... ...                 16.2 17.4 20.5 14.6 16.0 ... ...
Market Share in Branches % ...                           ... ... ... ... ... ... ...
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                          
Cash IDR bil                             62,956 71,303 81,423 75,392 74,457    
Interbank Loans IDR bil                             62,888 89,846 48,150 89,032 89,560    
Customer Loans IDR bil                             463,282 523,706 586,084 643,235 719,522    
Retail Loans IDR bil ... ... ... ... ...                   101,440 117,171 126,935 146,469 178,532    
Mortgage Loans IDR bil ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ...
Consumer Loans IDR bil ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ...
Corporate Loans IDR bil ... ... ... ... ... ...                 349,345 400,376 459,829 511,101 555,115    
Debt Securities IDR bil                             109,030 126,619 147,511 155,533 163,162    
Fixed Assets IDR bil                             7,646 8,929 9,762 35,663 36,619    
Intangible Assets IDR bil                   ...         1,160 1,645 1,915 1,956 2,401    
Goodwill IDR bil ... ... ... ... ...         ...         155 423 423 423 423    
Total Assets IDR bil                             733,100 855,040 910,063 1,038,710 1,124,700    
Shareholders' Equity IDR bil                             88,791 104,845 119,492 153,370 170,006    
Of Which Minority Interest IDR bil                             1,371 2,187 2,422 2,916 3,287    
Liabilities IDR bil                             644,309 750,195 790,572 885,336 954,695    
Interbank Borrowing IDR bil                             20,629 31,508 28,948 25,550 22,177    
Customer Deposits IDR bil                             556,342 636,382 676,387 762,501 815,807    
Sight Deposits IDR bil                             123,446 128,067 172,166 187,052 203,390    
Term Deposits IDR bil                             432,896 508,315 504,221 575,448 612,416    
Issued Debt Securities IDR bil                             18,941 22,363 28,770 32,602 42,950    
Subordinated Debt IDR bil ... ... ... ... ...                   4,466 3,747 3,738 215 192    
Other Liabilities IDR bil                             48,397 59,943 56,466 64,683 73,762    
asset quality                                          
Non-Performing Loans IDR bil                             23,909 25,236 47,903 79,207 83,187    
Gross Loans IDR bil                             479,959 541,625 608,642 676,180 753,638    
Total Provisions IDR bil                             16,677 17,919 22,558 32,945 34,116    
growth rates                                          
Customer Loan Growth % ...                           21.8 13.0 11.9 9.75 11.9    
Retail Loan Growth % ... ... ... ... ... ...                 21.2 15.5 8.33 15.4 21.9    
Corporate Loan Growth % ... ... ... ... ... ... ...               17.9 14.6 14.8 11.2 8.61    
Total Asset Growth % ...                           15.3 16.6 6.44 14.1 8.28    
Shareholders' Equity Growth % ...                           16.0 18.1 14.0 28.4 10.8    
Customer Deposit Growth % ...                           15.2 14.4 6.29 12.7 6.99    
market share                                          
Market Share in Customer Loans % ... ... ... ... ...                   13.5 13.8 14.3 14.8 15.2 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ...                 22.1 22.8 23.1 24.3 24.6 ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ...       10.8 7.07 7.11 6.66 7.60 ... ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ...
Market Share in Total Assets %                             14.8 15.3 14.9 15.7 15.4 ... ...
Market Share in Customer Deposits %                             16.3 16.8 16.6 16.9 16.6 ... ...
ratios Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                          
ROE % ...                           21.9 20.5 18.1 10.1 12.7    
ROA % ...                           2.65 2.50 2.30 1.42 1.90    
Costs (As % Of Assets) % ...                           2.99 3.05 3.12 3.09 3.13    
Costs (As % Of Income) %                             43.6 44.5 43.2 42.4 46.0    
Capital Adequacy Ratio %                             15.1 16.6 18.0 21.4 21.7    
Tier 1 Ratio % ...       ...                   13.5 15.4 15.7 20.3 20.6    
Net Interest Margin % ...                           4.79 4.93 5.14 5.32 4.84    
Interest Spread % ...                           4.44 4.52 4.71 4.90 4.43    
Asset Yield % ...                           7.34 7.89 8.11 7.87 7.18    
Cost Of Liabilities % ...                           2.90 3.37 3.40 2.97 2.75    
Payout Ratio % ...     ...                     64.4 25.0 30.0 45.0 45.1   ...
Interest Income (As % Of Revenues) %                             69.8 71.8 71.2 73.0 71.1    
Fee Income (As % Of Revenues) %                     ...       16.0 14.7 13.8 14.5 15.2    
Other Income (As % Of Revenues) %                     ...       14.2 13.4 14.9 12.6 13.7    
Cost Per Employee USD per month                             2,220 2,122 2,145 2,141 2,396    
Cost Per Employee (Local Currency) IDR per month                             23,128,300 26,055,000 28,074,900 29,144,700 32,323,600    
Staff Cost (As % Of Total Cost) %                             46.1 44.7 44.9 45.2 43.9    
Equity (As % Of Assets) %                             12.1 12.3 13.1 14.8 15.1    
Loans (As % Of Deposits) %                             83.3 82.3 86.6 84.4 88.2    
Loans (As % Assets) %                             63.2 61.2 64.4 61.9 64.0    
NPLs (As % Of Loans) %                             4.98 4.66 7.87 11.7 11.0    
Provisions (As % Of NPLs) %                             69.7 71.0 47.1 41.6 41.0    
Provisions (As % Of Loans) %                             3.60 3.42 3.85 5.12 4.74    
Cost of Provisions (As % Of Loans) % ...                           0.421 0.594 1.57 3.41 1.74    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                          
Branches                             2,055 2,324 2,469 2,617 2,649    
Employees                             33,982 34,696 36,737 38,940 38,307    
Sight (As % Of Customer Deposits) %                             22.2 20.1 25.5 24.5 24.9    
Risk-Weighted Assets IDR bil ... ... ... ... ...                   491,276 514,905 577,346 643,380 707,792    
Return on Loans % ...                           4.29 4.03 3.66 2.25 3.02    
Operating Profit (As % of Loans) % ...                           6.28 6.13 6.51 6.66 5.84    
Costs (As % Of Loans) % ...                           4.85 4.91 4.96 4.90 4.97    
Equity (As % Of Loans) %                             19.2 20.0 20.4 23.8 23.6    

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Bank Mandiri's npls (as % of loans) fell 4.04% yoy to 8.82% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's non-performing loans reached 8.82% of total loans at the end of 2019-12-31, down from 9.19% compared to the previous year. Historically, the NPL ratio hit an all time high of 26.3% in 2006-03-31 and an all time low of 3.15% in 2009-12-31. Pro...

Bank Mandiri's price/earnings (P/E) fell 0.469% yoy to 12.4 in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri stock traded at IDR 7,675 per share at the end fourth quarter of 2019 implying a market capitalization of USD 25,866 mil. Since the end of 4Q2014, the stock has appreciated by 42.4 % implying an annual average growth of 7.33 %. In absolute terms, the valu...

Bank Mandiri's net interest margin fell 0.052% yoy to 4.82% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's net interest margin amounted to 4.82% in the fourth quarter of 2019, down from 4.85% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.92% in 3Q2016 and an all time low of 2....

Bank Mandiri's capital adequacy ratio rose 1.81% yoy to 21.4% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's capital adequacy ratio reached 21.4% at the end of fourth quarter of 2019, down from 22.5% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 26.3% in 1Q2007 and an all time low of 13.3% in 3Q2010. ...

Bank Mandiri's net interest income rose 9.12% yoy to IDR 15,626 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri generated total banking revenues of IDR 25,364 bil in the fourth quarter of 2019, up 15.5% when compared to the same period of last year and 19.2% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Bank Mandiri's costs (as % of assets) fell 5.53% yoy to 3.20% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's cost to income ratio reached 40.9% in the fourth quarter of 2019, down from 45.7% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 75.7% of income in 4Q2005 and an all time low of 29.9% in 1Q200...

Bank Mandiri's equity (as % of assets) rose 3.07% yoy to 15.9% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's Equity reached 15.9% of total assets in the 4Q2019, up from 15.4% for the previous year. As a share of net customer loans, the ratio amounted to 23.1% at the end of the fourth quarter of 2019. ...

Bank Mandiri's customer loan growth fell 11.2% yoy to 11.5% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Mandiri's customer loan growth reached 11.5% in 2019-12-31, down from 13.0% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 44.6% in 2008-09-30 and an all time low of -3.97% in 2006-03-31. In the last ...

Bank Mandiri's net profit rose 9.90% yoy to IDR 27,473 bil in 2019

By Helgi Analytics - March 2, 2020

Bank Mandiri made a net profit of IDR 27,473 bil under revenues of IDR 83,727 bil in 2019, up 9.90% and 4.73% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of IDR 27,473 bil in 2019 and an all time low of IDR...

Bank Mandiri's employees fell 1.87% yoy to 39,065 in 2019

By Helgi Analytics - March 2, 2020

Bank Mandiri employed 39,065 persons in 2019, down 1.87% when compared to the previous year. Historically, the bank's workforce hit an all time high of 39,809 persons in 2018 and an all time low of 17,204 in 2001. Average cost reached USD 2,622 per month per empl...

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