Bank Mandiri was established on 2 October 1998, as part of the bank restructuring program of the Government of Indonesia. In July 1999, four state-owned banks - Bank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindo - were amalgamated into Bank Mandiri. The history of these four banks can be traced back to over 140 years, and together they had contributed to the beginning of the Indonesian banking sector. We are continuously seeking mutually beneficial business opportunities that create synergies, building alliances and strengthening our supporting businesses with and through our subsidiaries, notably Mandiri Sekuritas in investment banking, AXA Mandiri Financial Services in insurance, Bank Syariah Mandiri in Sharia banking, Bank Sinar Harapan Bali in micro banking, and Mandiri Tunas Finance in multi-finance. In 2011, Bank Mandiri acquired Mandiri AXA General Insurance (MAGI), a joint-venture between Bank Mandiri and AXA Societe Anonyme, to strengthen Bank Mandiri's penetration into the general insurance business. With various subsidiaries that support our businesses, we have further strengthened our position as a prominent financial holdings institution in Indonesia. “Bank Mandiri continues to realize its commitment to human resource development through the company's work culture program, especially in this new normal era. As a result, this consistency encouraged HR Asia to win Bank Mandiri to become one of the Best Companies to Work For in 2020,” -HR Asia 2020- Bank Mandiri awarded by Digital Marketing & Human Capital Awards 2020 for category The Best Overall for Corporate in Human Capital 2020 (Wholesale Banking Segment) and The Best Chief Human Capital Officer 2020 (Wholesale Banking Segment).