Bank Mandiri Receives Rp 23 Trillion in Repatriated Tax Amnesty Funds

News Release - Selasa, 3 Januari, 2017

Jakarta, 3 January 2017 - As per 31 December 2016, the end of the second stage of the tax amnesty program, Bank Mandiri had received repatriated tax amnesty funds amounting to Rp 23 trillion. The process of calculating the total amount of repatriated funds received to date by Bank Mandiri is still ongoing.

Of the said Rp 23 trillion, 53% was placed in banking products, such as savings accounts and time deposits, while the remainder was invested in financial products, such as bonds, Islamic bonds, mutual funds and insurance products.

Bank Mandiri Corporate Secretary Rohan Hafas said that Bank Mandiri would continue to strengthen its commitment to supporting the success of the tax amnesty program and the overall taxation reform program. Such support was evident from the opening of 235 branches on 31 December 2016 and 2 January 2017 to receive tax amnesty redemption payments and repatriated funds, both in Indonesia and overseas.

Rohan said that Bank Mandiri would also participate in stage 3 of the tax amnesty, which runs until the end of March 2017. The Bank’s support for stage 3 would include the holding of “tax amnesty clinics” for customers and members of the general public, and the dissemination of information on the amnesty through corporate promotional products.

To support the tax amnesty program, Rohan said, the Bank Mandiri Group has prepared a variety of instruments to accommodate repatriated funds, including treasury, asset management, capital market, investment/venture fund, and insurance products, as well as a range of non-financial instruments.
To access Bank Mandiri’s investment products, amnesty participants can contact the Bank Mandiri Call Center at 14000, or visit one of Bank Mandiri’s 58 tax amnesty priority outlets, 1,460 branch offices throughout Indonesia or 7 overseas branches before the end of the amnesty.

About PT Bank Mandiri (Persero) Tbk
Bank Mandiri is the largest Bank in Indonesia, providing services in the Corporate, Commercial, Micro & Business, Consumer Banking and Treasury segments. The Bank’s subsidiaries are Mandiri Sekuritas (capital market services), Bank Syariah Mandiri (shariah banking), Bank Mandiri Taspen Pos/ Mantap (MSME sector), AXA-Mandiri Financial Services (life insurance), Mandiri InHealth (health insurance), Mandiri Axa General Insurance (general insurance), Mandiri Tunas Finance (consumer finance), Mandiri Utama Finance (financing services), Mandiri International Remittance (remittance services), Mandiri Europe (treasury & financial institutions), and Mandiri Capital Indonesia (venture capital).
As of the end of September 2016, Bank Mandiri operated 2,505 branches throughout Indonesia, and 7 branches/representative offices/subsidiaries overseas. The Bank’s distribution network consisted of 17,461 ATMs linked to the ATM Link, ATM Bersama, ATM Prima and Visa/Plus networks. In addition, the Bank operated more than 269.3 thousand Electronic Data Capture machines and a range of other electronic channels, including Internet Banking, Mandiri Mobile, SMS Banking and Call Center 14.000.

For more information, please contact:
Rohan Hafas
Corporate Secretary
PT Bank Mandiri (Persero) Tbk.
Tel: 021-5245740 Fax 021-5268246