FLGS – Global Finance Report

Bank Mandiri formalizing Xl Regional Office Denpasar to strengthen business in Bali, East Nusa Tenggara and West Nusa Tenggara.

Vice President Director of Bank Mandiri l Mertayasa Wayan Agus last weekend in Denpasar, Bali said, Xl Regional Office Denpasar Bali mellputi region, NTT and NTB.

“We want to participate actively in the development of the region Central Indonesia by providing banking products and comprehensive services for people in areas not reached. In addition, we also want to develop the potential of SME sector to support regional economic development,” said Deputy Director main Mandiri I Wayan Agus Mertayasa during the inauguration of the Regional Office.

In addition to credit to SME segment, the bank also ingln strengthen the banking business in the consumer segment in the tourism sector and explore the business potential in the province of Bali is more deep and aggressive, especially related to transactional banking businesses.

Meanwhile, NTB and NTT provinces require banks to support infrastukturnya development in tourism sector development. “We also look at NTB and NTT provinces have great potential in the agricultural sector to work with the maximum,” said Wayan Agus.
Total banking assets in these three provinces during the last five years grew an average 15.1 percent per year, faster than national banks.

In 2004, total banking assets in the three provinces was Rp 29.4 trillion. As per November 2009 rose to Rp 59.2 trillion. Credit growth grew at an average 22.1 percent per year.

Total credits in these three provinces rose from Rp 13.4 trillion in 2004 to Rp 35.9 trillion in November 2009.

Meanwhile, Micro Credit, Small, and Medium Enterprises (MSMEs) are distributed in these three provinces grew an average 22.3 percent per year. Total loans increased from Rp MSME 11.5 trillion in 2004 to Rp 30.9 trillion in November 2009.