Awards for Excellence country/territory winners 2025: Indonesia

Best bank 2025: PT Bank Mandiri (Persero) Tbk

Bank Mandiri solidified its dominance in Indonesian banking through exceptional financial performance in 2024. The Jakarta-based lender’s assets reached Rp2,427 trillion ($147 billion), achieving southeast Asia’s fastest growth trajectory with a five-year compound annual rate of 12%. 

The bank’s loan portfolio surged 19.5% to Rp1,670 trillion, capturing 21% market share – the highest growth rate in Indonesia’s banking sector. Corporate banking led this expansion, with loans climbing 26% to Rp515 trillion.

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