Bank Mandiri achieved top position in syndicated loans
English
JAKARTA -- Bank Mandiri consistently emphasizes its position as a superior financial institution in encouraging the business sector through financing support with a syndication scheme. Referring to Bloomberg data from January 1 to December 21 2023, Bank Mandiri maintains its position as the first ranked Mandated Lead Arrangers (MLA) with a market share of 15.36 percent.
Bank Mandiri Corporate Banking Director Susana Indah Kris Indriati explained that this support is a form of the company's commitment to accelerate the growth of business and business actors which has a positive impact on the domestic economy. Still referring to the same data, Bank Mandiri's total syndicated credit volume has reached IDR 67 trillion, with 38 transactions.
Indah explained that although the volume of syndicated loans in Indonesia in 2023 experienced a decline, Bank Mandiri's market share in Indonesian syndicated loans continued to grow 7.3 percent year on year (yoy) in early December 2023. This reflects Bank Mandiri's dedication in providing adequate financial support. reliable and leading in Indonesia to continue to encourage national economic growth.
Many of the syndicated credit transactions managed by Bank Mandiri involve international financial institutions, not just domestic financial institutions.
In detail, the majority of Bank Mandiri's syndicated loans this year were channeled to leading sectors such as infrastructure, natural resources, consumer goods and metal processing.
"In 2023 we see a growth trend for financing in the new renewable energy (EBT) sector," he said.
Bank Mandiri predicts that in 2024 the trend of sustainability-based syndicated financing such as green loans, sustainability linked loans or financing for EBT projects will have the opportunity to grow.
This trend is a response to global developments and Indonesia towards net zero emissions, with the increasing concern of all parties towards Environmental, Social and Governance (ESG).
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