Bank Mandiri posts Rp 9.2t in profit

The Jakarta Post, Jakarta | Thu, 03/31/2011 8:27 AM | Business

State-owned bank Bank Mandiri booked a net profit of Rp 9.2 trillion (US$1 billion) last year, a 28.8 percent increase from Rp 7.2 trillion in the previous year, the bank's president director says.

Bank Mandiri president director Zulkifli Zaini attributed the increase in profit to an increase in net interest income and good loan growth.

Last year, the bank's net interest income grew 24 percent to Rp 246.2 trillion and its loans increased by 14 percent to Rp 449.8 trillion.

Zulkifli also said the bank had disbursed Rp 32.8 trillion in loans to small and medium enterprises of which micro credit accounted for 35.8 percent.

Bank Mandiri set rights issue price at Rp 5,000 a share

The Jakarta Post, Jakarta | Wed, 01/26/2011 11:24 AM | Headlines

State-owned bank Bank Mandiri has set the price for its right issue at Rp 5,000 (55 US Cents) per share, the Indonesia Stock Exchange (IDX) says.

Bank Mandiri will offer 2.33 billion new shares next month via the right issue, a bourse spokesperson said Wednesday, as quoted by kontan.co.id.

Mandiri prices rights shares at Rp 4,000-6,150

The Jakarta Post | Tue, 12/28/2010 12:31 PM | Business

Bank Mandiri, Indonesia’s biggest lender by assets, has set a price for its rights issue, valuing its shares at between Rp 4,000 and Rp 6,150, a recent statement shows.

In a short prospectus released Tuesday, the state-owned lender said it would offer 2.34 billion new shares at the beginning of February next year, valuing the rights offer at between Rp 9.3 and Rp 14.4 trillion — the biggest in Indonesia’s stock market history.

“Funds obtained from the rights offer proceeds will be fully used to strengthen the company's capitalization structure, which will be used to expand the company’s business and loan growth,” Mandiri said in the statement.

State-owned Mandiri Sekuritas and Danareksa Sekuritas have been appointed as standby buyers for the shares.

For each 8,985 existing Mandiri shares held on Feb. 10, shareholders will have rights to buy 1,000 new shares offered in the rights issue.

Mandiri will begin offering the shares in a bookbuilding process targeting local and foreign investors in the second week of January, travelling to Singapore, Hong Kong, the US and the UK, Mandiri chief financial officer Pahala Mansury said previously. (est)