PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 510 1. GENERAL continued
g. Subsidiaries and Associates continued PT Mandiri AXA General Insurance continued
In Bank Mandiri’s General Shareholder Meeting dated 23 May 2011, Bank Mandiri’s shareholders approved the Bank’s plans to acquire 120,000 one hundred and twenty thousand new shares
issued by PT Asuransi Dharma Bangsa. The Bank’s investment in PT Asuransi Dharma Bangsa was approved by Bank Indonesia through its letter No. 1359DPB1TPB1-1 dated 28 July 2011.
On 11 October 2011, Bank Mandiri acquired 120,000 one hundred and twenty thousand new shares issued by PT Asuransi Dharma Bangsa with a total value of Rp 60,000 as notarised by
Notarial deed of Yualita Widyadhari, S.H. No. 23 dated 11 October 2011. After this acquisition, Bank Mandiri became the controlling shareholder of PT Asuransi Dharma Bangsa with 60.00 of
ownership. This was ractified in the General Shareholder Meeting of PT Asuransi Dharma Bangsa in accordance with notarial deed of Yualita Widyadhari, SH No. 22 dated 11 October 2011. The
notarial deed had been submitted and received by the Ministry of Justice and Human Rights Republic of Indonesia as documented in its letter No. AHU-AH.01.10-10-33252 dated 17 October
2011 regarding Acceptance Notification on the Amendment of PT Asuransi Dharma Bangsa’s Article of Association.
Subsequently, the name of the Company, PT Asuransi Dharma Bangsa, was changed to PT Mandiri AXA General Insurance in accordance with the notarial deed of Yualita Widyadhari, S.H. No. 90
dated 18 October 2011. The notarial deed had been submitted and received by the Ministry of Justice and Human Rights of the Republic of Indonesia as documented in its letter No. AHU-
51976.AH.01.02 dated 25 October 2011 regarding Acceptance Notification on the amendment of PT Mandiri AXA General Insurance’s Article of Association.
In conducting its business, MAGI already obtained a license from the Insurance Bureau of Bapepam-LK Ministry of Finance of the Republic of Indonesia Biro Perasuransian Bapepam-LK
Kementerian Keuangan through letter No. S-12583BL2011 dated 22 November 2011 concerning the Activation of General Insurance Business License and Change of the Company Name from PT
Asuransi Dharma Bangsa to PT Mandiri AXA General Insurance.
h. Structure and Management
Bank Mandiri’s head office is located on Jl. Jend. Gatot Subroto Kav. 36-38, South Jakarta, Indonesia. As at 31 December 2011 and 2010 , Bank Mandiri’s domestic and overseas offices are
as follows:
2011 2010
Domestic Regional Offices 12
12 Domestic Branches:
Area Community Branches
Branch Mandiri Mitra Usaha offices
Cash Outlets 66
- 937
300 234
66 115
799 200
190 1,537
1,370 Overseas Branches
5 4
Representative Office -
1
The community branches has been merged into the branch office. Unaudited.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 511 1. GENERAL continued
h. Structure and Management continued
As at 31 December 2011, Bank Mandiri has overseas branches located in Cayman Islands, Singapore, Hong Kong, Timor Leste and Shanghai People’s Republic of China.
Bank Mandiri has obtained branch establishment license from China Banking Regulatory Commission on 3 November 2010. The Shanghai branch commenced its operations on 17
November 2011.
To support Bank Mandiri’s vision to be Indonesia’s most admired and progressive financial institution, Bank Mandiri has amended its organisation structure into Strategic Business Units SBU.
In general, SBU consists of three major groups, which are: 1. Business Units, responsible for the Bank’s main business development consists of 6 six
Directorates namely Institutional Banking, Corporate Banking, Commercial Business Banking, Consumer Finance, Micro Retail Banking and Treasury, Financial Institution Special Asset
Management; 2. Corporate Center, responsible for the management of the Bank’s critical resources and providing
support for the Bank’s policies, consisting of 3 three Directorates which are Risk Management, Compliance Human Capital and Finance Strategy;
3. Shared Services, as a supporting unit to the Bank’s operational activities and is managed by the Directorate of Technology Operations.
As at 31 December 2011 and 2010 , the members of Bank Mandiri’s Board of Commissioners and Directors are as follows:
2011 2010
Board of Commissioners Chairman and Independent
Commissioner : Edwin Gerungan
Edwin Gerungan Deputy Chairman
: Muchayat Muchayat
Commissioner : Mahmuddin Yasin
Mahmuddin Yasin Commissioner
: Cahyana Ahmadjayadi Cahyana Ahmadjayadi
Independent Commissioner : Pradjoto
Pradjoto Independent Commissioner
: Gunarni Soeworo Gunarni Soeworo
Independent Commissioner : Krisna Wijaya
Krisna Wijaya
2011 2010
Board of Directors President Director
: Zulkifli Zaini Zulkifli Zaini
Deputy President Director : Riswinandi
Riswinandi Institutional Banking Director
: Abdul Rachman Abdul Rachman
Risk Management Director : Sentot A. Sentausa
Sentot A. Sentausa Micro Retail Banking Director
: Budi Gunadi Sadikin Budi Gunadi Sadikin
Compliance Human Capital Director : Ogi Prastomiyono
Ogi Prastomiyono Finance Strategy Director
: Pahala N. Mansury Pahala N. Mansury
Corporate Banking Director : Fransisca N. Mok
Fransisca N. Mok Commercial Business Banking Director : Sunarso
Sunarso Technology Operations Director
: Kresno Sediarsi Kresno Sediarsi
Treasury, Financial Institution Special Asset Management Director
: Royke Tumilaar Thomas Arifin
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 512 1. GENERAL continued
h. Structure and Management continued
