Bank Mandiri Wins 10 Awards From FinanceAsia, Becomes Best In The Sustainable Bank And ESG Categories

Photo: Doc. Bank Mandiri

JAKARTA - Bank Mandiri's consistency in executing business plans aggressively and prudently continues to produce positive achievements for the company. Most recently, the bank codenamed BMRI shares won 10 awards from the regional media FinanceAsia.

Based on the assessment carried out based on the document test, Bank Mandiri was named Best Indonesia's Sustainable Bank, Best Indonesia's ESG Impact and Most Innovative Use of Technology in Indonesia.

Meanwhile, based on a survey of investors and financial analysts, Bank Mandiri earned four Silver awards in Indonesia for the Best Financial Company category, Best Large Cap, Best Corporate ESG Strategy, and Best Chief Financial Officer (CFO) for Bank Mandiri Finance Director Sigit Prastowo. Not only that, as many as three Bronze awards in Indonesia were also won for the Best Overall Company, Best Investor Relations, and Best DEI Strategy categories.

This is not the first time, this bank with the gold ribbon logo has won an award from FinanceAsia. A year earlier, Bank Mandiri was also named the Most Innovative Use of Technology in Indonesia.

Bank Mandiri Treasury & International Executive Official Eka Fitria stated that this recognition is in line with Bank Mandiri's commitment to strengthening its role as a development agent who seeks to contribute optimally to the economy in Indonesia. This includes deepening the application of Environmental, Social and Governance (ESG) aspects in the operation and provision of banking products for the community.

This recognition is a form of hard work and consistency of all Mandians in their commitment to providing the best services and products for customers and the community. This award is also a recognition of our stakeholder that Bank Mandiri presents the best financial solutions in Indonesia," said Eka when receiving the 2023 FinanceAsia Awards in Hong Kong, Wednesday, June 28.

Not only that, this award also confirms that Bank Mandiri has been on track in executing business plans with optimal performance achievements to support the company's function as an agent for creating value financially and socially in society.

"Bank Mandiri will continue to strengthen its role as a development agent and partner for the government to have a positive impact on the people in Indonesia through a series of initiatives to create an inclusive Indonesia," added Eka.

Eka continued, his party will seriously review various business strategic initiatives as well as innovation of financial products and services in the future response to various economic and financial challenges, especially from the external market. Moreover, his party is also called to support the government's target of achieving net zero emissions by 2060.

"We believe this Asian Finance appreciation shows that we have strong competitiveness with other top global companies. In encouraging commitment as a development agent, Bank Mandiri carries sustainable growth to strengthen the positive impact on society at large, one of which is through a series of ESG-based initiatives," he said.

Currently, Bank Mandiri is conducting a Sustainable Public Offering of Sustainable Environmental Intensive Bonds I (Green Bond) with a target of raising funds of IDR 5 trillion. The funds raised will be used to finance directly (finance) or refinance activities included, in 11 categories of Environmentally Introspective Business Activities (KUBL).

Along with that, Bank Mandiri is committed to consistently executing business strategies aggressively and prudentially in the potential segment by continuing to optimize the company's digital innovation. Not only that, but Bank Mandiri also continues to focus on the business ecosystem approach both in terms of financing and funding.

Through a series of business transformations that have been intensified in the past year, Bank Mandiri has consistently been able to maintain sustainable positive performance growth. This is evident from Bank Mandiri's performance rate which continues to improve until the first five months of 2023.

It was noted that Bank Mandiri's credit growth (bank only) had reached 10.36 percent year on year (YoY) to Rp964.45 trillion as of May 2023. The intermediation function was supported by adequate liquidity with total third party funds (DPK) growing positively 12.83 percent YoY to Rp1,147.94 trillion on a bank only basis until May 2023.

The DPK association was supported by the growth of low-cost funds or a current account and saving account (CASA) of 15.78 percent yoy to Rp896.70 trillion. This makes the CASA to DPK ratio continue to increase at 78.11 percent as of May 2023.