Jakarta, 14 June, 2022 – PT Mandiri Sekuritas (Mandiri Sekuritas/Company) once again internationally recognized at the FinanceAsia Country Awards as “Best Investment Bank” and “Best Broker” - Indonesia for 2022. This achievement marked the 12th consecutive year that Mandiri Sekuritas has been named Best Investment Bank by FinanceAsia and 8th as Best Broker.
In its review, FinanceAsia stated that the global economic conditions in the last two years have proven to be very challenging due to the pandemic, and Asia is in turmoil due to various efforts to deal with the pandemic, such as activity restrictions, lockdowns, and supply chain disruptions. Mandiri Sekuritas receives appreciation for the Company’s strong commitment to continuously support its clients' business growth in challenging times along with the government's economic recovery schemes.[1]
The awards were achieved following Mandiri Sekuritas’ ability to maintain its strong business growth in 2021. The Company's operating revenues increased by 55% as of 31 December, 2021, supported by all business lines, namely Investment Banking, Capital Market, and Retail. In addition, Mandiri Sekuritas has also managed to maintain its position as an underwriter for bonds with a market share of 15% and a guarantee portion of IDR 15 trillion in 2021 in Indonesia. Mandiri Sekuritas successfully completed 82 mandates, namely: 41 Rupiah Bonds, 11 Global Bonds, 18 M&A Advisory, and 12 IPOs and Rights Issues.
President Director of Mandiri Sekuritas, Oki Ramadhana, said, “We express our deepest gratitude to our clients and customers for their trust in Mandiri Sekuritas. The trust that has been given motivates us to be more resilient in supporting business growth of our clients in dynamic market situations. Mandiri Sekuritas will continue to be committed to innovating and providing capital market investment solutions for corporate, institutional, and individual clients."
“During the pandemic, Mandiri Sekuritas provided more intensive services to its clients, although most of it was done online. Through these services, in terms of Underwriting and Brokerage, throughout 2021 and early 2022, we have succeeded in supporting the largest capital market transactions in Indonesia, such as Bukalapak IPO which is the first unicorn and the largest IPO on the Indonesia Stock Exchange (IDX) with a deal size of Rp21,9 trillion, the Rights Issue of BRI as the largest equity transaction in Indonesia worth Rp96 trillion, the IPO of Mitratel which is the largest SOE IPO worth Rp18.9 trillion, and the IPO of GoTo with the value of Rp13.7 trillion which is the largest IPO in Indonesia in 2022 to date. We also continue to launch digital services through the MOST trading platform to encourage the rapid growth of individual customers during the pandemic,” explained Oki.
In addition to its business growth in Indonesia, Mandiri Sekuritas' strong performance was also supported by the Asian regional reach of its subsidiary, Mandiri Securities Singapore, which managed to maintain an 8% market share in 2021. Mandiri Securities Singapore successfully completed 11 strategic deals, which include the issuance of the first sustainability bonds of PT Bank Mandiri (Persero) Tbk (Bank Mandiri) which provided fresh funds of US$300 million.
