Controlling 20 Percent Of Syndicated Loan Market, Bank Mandiri Receives International Award

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Mandiri Tbk has just received a prestigious award from the Asia Pacific Market Association (APLMA) as the Syndicated Loan House of the Year – Indonesia. The appreciation was recorded for the fourth time in a row that the company had received since 2018.

This award itself is also a complement to Bank Mandiri's achievement which managed to occupy the top position of the list of Bloomberg League Table Reports - Indonesia Borrower Loans 2021 for the Mandated Lead Arranger and Bookrunner categories.

Bank Mandiri Director of Corporate Banking Susana Indah Kris Indriati said the company controlled about 20 percent of the nationally syndicated loan market share with details of 44 credit transactions with a value of not less than 4.64 billion US dollars last year.

"This is a positive signal that market conditions continue to recover and bring fresh air for the 2022 trip which is expected to improve," he said in an official statement, Tuesday, March 22.

According to Susana, the development of syndicated loans at the beginning of this year has grown significantly compared to last year's position. It was revealed that the syndicated credit transactions managed by Bank Mandiri, either as MLA or Bookrunner, did not only involve local financial institutions, but also international financial institutions.

"This is the result of our efforts to continue to expand our network in the syndicated market both locally and internationally," he said.

Furthermore, this state-owned bank is known to be targeting the momentum of the Indonesian G20 Presidency to boost banking business performance. This is because Bank Mandiri believes that the G20 will have a positive influence on the syndicated credit market, including the interest or participation of international financial institutions in syndicated loans in Indonesia.

"The position of the G20 Presidency is a golden opportunity for all of us to be able to contribute to the global economic recovery and can also affect investor confidence in Indonesia, especially in the global market," concluded Susana.