Bank Mandiri to increase corporate loans by 18%

Loans are for the infrastructure, consumer goods and plantation sectors.

Mandiri is looking to loan out a total of US$15.35 billion in corporate loans by yearend. It is the largest bank in Indonesia in term of assets, loans and deposits.

“There are so many projects right now, especially related to MP3EI. They range from telecommunications to toll roads. State-owned infrastructure companies are also performing well these days,” said Mandiri corporate banking managing director Fransisca Nelwan Mok.

Projects linked to energy, transportation, consumer goods and plantation sectors are also expected to support the target.

Publicly listed Mandiri has some 200 corporate clients in its lending business. Mandiri’s corporate loans in 2012 came to US$13 billion. The top three sectors in corporate loans disbursements were plantations, manufacturing and food and beverage.