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BEST INDONESIAN TRADE BANK
03 August 2011
Rising volumes for Bank Mandiri
Winner: Bank MandiriHighly commended: CIMB Niaga
To support Indonesia’s domestic and International Trade, Bank Mandiri serves its market with comprehensive products and tailored made solutions. The bank’s trade volume in the first quarter of 2011 is at a staggering value of $36.45 billion, increasing 35.3% from the previous year.
Export transactions contribute 52% of the bank’s trade volume, which shows a 48.4% year-on-year growth. Guarantee transactions are also contributing significantly to the volume with a 68.1% growth compared to the previous year.
“Today, competition between companies has increased and at the same time, their access to financing is limited. This situation drives them to be more focused and concerned about their operational cash-flow. Understanding companies’ needs to manage an effective and efficient cash-flow, Bank Mandiri...
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