Bank Mandiri Awards

Mandiri wins Best Asian Bank 2014

FinanceAsia names Indonesia's Bank Mandiri as 'Best Asian Bank' at our annual Country Awards dinner.
Pak Riswinandi, deputy president director of Bank Mandiri, with FinanceAsia's Nick Ferguson
Pak Riswinandi, deputy president director of Bank Mandiri, with FinanceAsia's Nick Ferguson

Bank Mandiri wins the award this year for doing what it is good at providing huge breadth and depth of services on a large scale.

Indonesian banks are among the most profitable in the world. With a net interest margin of more than 5%, Mandiri takes home more than any of the other Best Bank winners in the region, according to analysis by data provider SNL Financial during the awards judging period.

This high margin is partly a reflection of the cost of deposits in a country comprising thousands of islands, but Mandiri also delivers very strong returns a 2.8% return on assets and 22.8% return on...

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