JAKARTA - PT Mandiri Sekuritas (Mandiri Sekuritas/Company), a subsidiary of Bank Mandiri, again recorded strong business growth in the midst of the pandemic, supported by all business lines, namely: Investment Banking and Retail which grew 118% each, Mandiri Securities Singapore which grew by 78%, and Institutional Capital Market by 60%.
The strong growth of all business lines led the Company to record operating revenues which increased by 93% to Rp872 billion and net profit increased significantly by 426% to Rp231 billion in the third quarter of 2021 (as of September 30, 2021) compared to the same period in 2020.
Regarding the strong business performance, Oki Ramadhana, President Director of Mandiri Sekuritas said, “All Mandiri Sekuritas business lines as of September 30 recorded very strong growth. The Investment Banking business line and our subsidiary, Mandiri Securities Singapore, recorded a performance increase of 118% and 78%, respectively. This increase was supported by the completion of 33 rupiah bond guarantees and related deals, including: Jaya Ancol, Wijaya Karya, and Pupuk Indonesia as well as 5 rights issues, namely; BRI, Sarana Meditama, Summarecon Agung, Bank Permata, Bhineka Abadi by the Investment Banking team. BRI rights issue is the largest equity deals in Indonesia. Meanwhile, our global bonds business through Mandiri Securities Singapore has completed a number of the highest strategic deals from the first global bond issuers, such as PT Indonesia Infrastructure Finance (IIF), PT Sarana Multi Infrastruktur (Persero), and Indofood CBP Tbk with a market share of 8%. ."
A number of Mandiri Sekuritas business achievements, the company was also awarded the Best Corporate and Investment Banking in Indonesia by the Best Bank Awards, AsiaMoney in September 2021. With this award, Mandiri Sekuritas has been sitting as AsiaMoney's Best Corporate and Investment Bank in Indonesia for several years. (3) three consecutive years. (LM)