These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
19
1. GENERAL INFORMATION continued
g. Subsidiaries associates
Subsidiaries included in the consolidated financial statements as of December 31, 2015 and 2014, are as follows:
Percentage of Ownership Name of Subsidiaries
Nature of Business Domicile
2015 2014
PT Bank Syariah Mandiri BSM Sharia Banking
Jakarta 99.99
99.99 Bank Mandiri Europe Limited BMEL
Commercial Banking London
100.00 100.00
PT Mandiri Sekuritas Securities
Jakarta 99.99
99.99 PT Bank Mandiri Taspen Pos
Commercial Banking Denpasar
58.25 93.23
formerly PT Bank Sinar Harapan Bali PT Mandiri Tunas Finance MTF
Consumer Financing Jakarta
51.00 51.00
Mandiri International Remittance Sendirian Berhad MIR
Remittance Kuala Lumpur
100.00 100.00
PT AXA Mandiri Financial Services Life Insurance
Jakarta 51.00
51.00 PT Mandiri AXA General Insurance MAGI
General Insurance Jakarta
60.00 60.00
PT Asuransi Jiwa InHealth Indonesia Life Insurance
Jakarta 80.00
60.00 PT Mandiri Utama Finance MUF
Consumer Financing Jakarta
51.00 -
PT Mandiri Capital Indonesia Venture Capital
Jakarta 99.00
- Effective starting from January 21, 2015
Effective starting from March 30, 2015 Effective starting from May 28, 2015
Effective starting from June 23, 2015
The Subsidiaries’ total assets as of December 31, 2015 and 2014 before elimination are follows:
Total assets before eliminaton Year of
commercial December 31,
December 31, Subsidiaries
operation 2015
2014
PT Bank Syariah Mandiri 1955
70,369,709 66,942,422
Bank Mandiri Europe Limited 1999
2,543,040 2,334,225
PT Mandiri Sekuritas 1992
1,712,002 2,969,264
PT Bank Mandiri Taspen Pos formerly PT Bank Sinar Harapan Bali
1970 2,578,095
1,761,790 PT Mandiri Tunas Finance
1989 9,202,994
7,419,798 Mandiri International Remittance Sdn Bhd
2009 11,404
11,523 PT AXA Mandiri Financial Services
1991 23,032,740
23,385,397 PT Mandiri AXA General Insurance
1962 1,551,866
1,177,732 PT Asuransi Jiwa lnHealth Indonesia
2008 1,841,695
1,779,156 PT Mandiri Utama Finance
2015 114,121
- PT Mandiri Capital Indonesia
2015 11,376
-
Total 112,969,042
107,781,307
PT Bank Syariah Mandiri
PT Bank Syariah Mandiri BSM is engaged in banking activities with Islamic banking principles, was established under the name PT Bank Industri Nasional “PT Bina” on June 15, 1955. On
October 4, 1967, the subsidiarys name was changed from PT Bina to PT Bank Maritim Indonesia which subsequently changed to PT Bank Susila Bhakti on August 10, 1973 which is a subsidiary of
BDN. The latest change of the subsidiary’s name to PT Bank Syariah Mandiri BSM is based on Notarial Deed of Sutjipto, S.H, No. 23 dated September 8, 1999. BSM obtain an operating license
based on the decree of the Minister of Finance of the Republic of Indonesia No. 275122U.M.II dated December 19, 1995 as a commercial bank based on Islamic principles and began operating
in 1999.