Prosper with Us
2006
3 A Rich Heritage 4 Awards
6 Financial Highlights
8 Message from the President Commissioner 10 Board of Commissioners
14 Message from the President Director 22 Board of Directors
29 Organization Structure
30 Management’s Discussion & Analysis of Financial Statements 49 Good Corporate Governance
57 Report of the Audit Committee
59 Report of the Nomination and Remuneration Committee 60 Report of the Risk Policy Committee
61 Report of the Good Corporate Governance Committee
62 Non-Commissioner Members of Committees & Corporate Secretary 64 Finance & Strategy
65 Strategic Business Unit (SBU) Summary 70 Change Management Office 72 Corporate Banking 80 Commercial Banking 84 Consumer Finance 90 Micro & Retail Banking 96 Treasury & International Banking 102 Special Asset Management 106 Products & Services 112 Risk Management
124 Compliance & Human Capital 132 Technology & Operations 136 Corporate Social Responsibility 138 Shareholder Information 144 Management
146 Bank Mandiri Branch Network 162 CBC, SBDC, MBDC & MBU Network 167 Statement of the Board Of Commissioners 168 Statement of the Board Of Directors
Consolidated Financial Statements With Independent Auditors’ Report Year Ended December 31, 2006 With Comparative Figures for 2005
Rp 267.5
trillion
Total Assets as of 31 December 2006
15.2
%
Deposit Market Share
25.3
%
Capital Adequacy Ratio (CAR)
reaffirming that
we are your
Prosper with Us
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- B:HH6<:;GDBI=:EG:H>9:CI8DBB>HH>DC:G
We remain committed to guiding the Bank
in creating sustainable and growing shareholder
value by fostering excellence in corporate
governance through a strong governance ethic and
culture that is exemplified through our structures
and policies.
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1
Edwin Gerungan
President Commissioner and
Independent Commissioner
2
Muchayat
Deputy President Commissioner
3
Soedarjono
Commissioner
4
Richard Claproth
Commissioner
5
Gunarni Soeworo
Independent Commissioner
6
Pradjoto
Independent Commissioner
7
Yap Tjay Soen
&&
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One of our key thrusts will be to grow in the
future by better capturing the synergies among
our SBUs. This strategy is critically important, as
Bank Mandiri already has a sizeable customer
base in all segments; we therefore have the
opportunity to enhance our business through
strategic alliances, cross-selling, and the
implementation of client service teams
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'' 7D6G9D;9>G:8IDGH
7D6G9D;9>G:8IDGH
1
Agus Martowardojo
President Director
2
Wayan Agus Mertayasa
Deputy President Director
6
Abdul Rachman
Managing Director Corporate Banking
4
Zulkifli Zaini
Managing Director Commercial Banking
3
Omar Sjawaldy Anwar
Managing Director Consumer Finance
11
Budi G. Sadikin
Managing Director Micro & Retail Banking
10
Thomas Arifin
Managing Director Treasury & International Banking
9
Riswinandi
Managing Director Special Asset Management
7
Sentot A. Sentausa
Managing Director Risk Management
5
Sasmita
Managing Director Technology & Operations
8
Bambang Setiawan
Managing Director Compliance & Human Capital
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Haryanto Tiara Budiman
Executive Vice President (EVP) Coordinator Change Management Office
12
Pahala Nugraha Mansury
Executive Vice President Coordinator Finance & Strategy
3
5
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management’s
discussion
B6C6<:B:CI¼H9>H8JHH>DC6C6ANH>H
Earnings per share (EPS) for 2006 was Rp 119
compared to Rp 30 in 2005 as net profit increased
by 301.5% to Rp 2,421 billion in 2006 from Rp 603
billion in 2005. Book value per share increased by
12.6% to Rp 1,295 as of 31 December 2006 from
Rp 1,150 at the end of 2005.
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Our core earnings in 2006 rose by 28.9% from Rp 4,335 billion in 2005 to
Rp 5,589 billion, contributing 89.9% to 2006 pre-provision operating profit
of Rp 6,216 billion.
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