Awards for Excellence 2008: Indonesia

In Indonesia, bigger seems to be better. Indonesia’s largest lender, Bank Mandiri, gets the nod for a year of consolidation during which it cleaned up a ropey loan book and managed to lift profits by 80%.

Asian regional Awards for Excellence
Australia China Hong Kong
India Indonesia Japan
Korea Malaysia Mongolia
Pakistan Philippines Singapore
Taiwan Thailand Vietnam

Best bank: Bank Mandiri

Best equity house and Best M&A house: Credit Suisse

Best debt house: UBS

In Indonesia, bigger seems to be better. Indonesia’s largest lender, Bank Mandiri, gets the nod for a year of consolidation during which it cleaned up a ropey loan book and managed to lift profits by 80%.

Indonesian corporates are again up and about, and state-owned Mandiri seems well placed to serve them. Full-year net profit in 2007 was $475 million, a vast improvement on the $270 million a year earlier, and helped along by loan growth that was 20% higher.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access