Wednesday, 20 October 2021 | 15:11 WIB

In September, Bank Mandiri Acquires 29 Percent Market Share for Forex Transactions

Illustration: Head Office of Bank Mandiri.

JAKARTA, NETRALNEWS.COM - Bank Mandiri (BMRI) is committed to continuously encourage innovation of foreign exchange (forex) products and services to enhance customer transactions. On this commitment, Bank Mandiri has facilitated forex transactions with financial value equivalent to IDR2,959 trillion in January-September 2017, up 23 percent over the same period last year. Bank Mandiri managed to reap the market share of foreign exchange transactions in Indonesia by 29 percent.

Bank Mandiri Executive Officer Darmawan Junaidi said the company is optimistic to continue to improve the foreign exchange business through various products and services designed to meet the needs of corporate customers. "Expectations of increased trade transactions between Indonesian corporations and international partners and the operational needs of multinational corporations in Indonesia are still the main reasons for foreign exchange needs in the country, in addition to debt repayment," he explained in an official statement in Jakarta on Sunday (10/22/2017).

According to Darmawan, Bank Mandiri's Treasury Division is intensively marketing treasury products not only forex transactions, but also investment and hedging products. In 2017, Bank Mandiri also launched its latest investment product, Mandiri Dual Currency Investment, which attracted many customers, following the Mandiri Deposit Swap product which has been successfully marketed since 2016.

For that performance, Bank Mandiri was recently awarded Best FX Provider 2017 in Indonesia from international finance magazine, Global Finance in Toronto, Canada. In addition to the performance, the award given in the "Sixth Annual Global Finance Transaction Processing Awards" event was also based on customer testimonials and examples of practical solutions offered to customers.