Mandiri Stages Indonesia Fashion Week to Support Creative Industries

News Release - Rabu, 1 Februari, 2017

Jakarta, 1 February 2017 - Bank Mandiri continues to realize its commitment to enhancing the country’s prosperity through support for the creative industries. This time around, the Bank has joined forces with the Indonesian Fashion Designers Association (APPMI) to hold this year’s iteration of the annual Indonesia Fashion Week (IFW). Around 200 fashion designers and some 400 exhibitors are expected to showcase their contemporary-ethnic fashion and creative products during the event.
Bank Mandiri CEO Kartika Wirjoatmodjo said that the Company's involvement in the event, via Mandiri Art, was proof of Mandiri’s strong commitment to the creation of a favorable ecosystem for the development of the creative industries, including fashion, so as to help grow the national economy.

“As part of the realization of our commitment to the creative industries, we have also invited a number of fashion designers who graduated from the Mandiri Young Entrepreneur (WMM) program to display their creations. This will demonstrate the concrete results of the mentoring and support they have received from us over the years,” Kartika said.

He said that Bank Mandiri had provided assistance to more than 1,500 creative industry players through the WMM program and various other creative entrepreneurship assistance programs. Most of the participants in these programs consisted of talented young people who had the capacity to create jobs in their local communities. The total value of the training, marketing support and financial assistance that had been provided by the Bank amounted to more than Rp 100 billion since the inception of the WMM program in 2007.

Kartika said that a number of WMM alumni in the fashion sector now had well-established markets, including Dea Valencia Budiarto, the owner of the Batik Kultur brand and a 2013 WMM alumi, Yasa Paramita Singgih, the founder of Men's Republic and a 2015 WMM alumni, and Yuka Helanda, the founder of Brodo Shoes and an alumni of the Bank Mandiri SME mentoring program.

“We believe that many of our young people are “diamonds” waiting to be polished. They have potential, talent and creativity that can be nurtured and developed. Consequently, we will continue to enhance the Mandiri Young Entrepreneur program so that these young Indonesian diamonds can shine,” said Kartika.

Payment Services

Bank Mandiri will also provide non-cash payment services for both fashion and culinary transactions during Indonesia Fashion Week so as to enhance the security and convenience of visitors.
“All transactions during the event can be conducted using Bank Mandiri electronic data capture (EDC) machines. All the visitors can also use Bank Mandiri debit, prepaid, e-money, and credit cards for their transactions. Furthermore, Mandiri credit-card users can avail of an interest-free installment program for up to a maximum of 12 months,” said Kartika.

He said he expected that Bank Mandiri’s support would help to boost transaction value to up to Rp 120 billion during the event, which runs from 1 to 5 February 2017.

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