Jakarta, CNBC Indonesia – President Director of Bank Mandiri (BMRI) Riduan said that his party would follow shareholder policies regarding the issue of merging investment manager businesses belonging to state-owned banks.
“We follow what is the policy ultimate shareholder (Danantara), the business plan will come from Danantara,” said Riduan.
Previously, the Investment Management Agency (BPI) Daya Anagata Nusantara (Danantara) opened its voice regarding plans to merge bank subsidiaries engaged in asset management, aka investment managers for members of the state-owned bank association (Himbara). As is known, news is circulating that the asset management business entities belonging to the three state-owned banks will merge.
When asked specifically about this news, Danantara Chief Investment Officer (CIO) Pandu Sjahrir at the end of October last year refused to provide detailed information. He said that his party would definitely make an official announcement if the plan was official.
“Oh, I can’t say that yet. But if there’s going to be a merger or something, we’ll definitely let you know when it’s official,” said Pandu when met at the Coordinating Ministry for Food Office, Friday (24/10/2025).
He then stated that Danantara’s aim in merging the various state-owned companies was to strengthen their performance.
“Everyone wants to join forces to make the company more efficient, stronger. That’s for sure,” stressed Pandu.
As previously widely reported by the mass media, Danantara is rumored to be merging its subsidiary PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), PT Bank Mandiri (Persero) Tbk. (BMRI), and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) which operates in the asset management sector. It is reported that its assets under management reach US$8 billion or IDR 132.77 trillion.
Meanwhile, currently BRI has a subsidiary in the asset management sector, PT BRI Investment Management, Bank Mandiri has PT Mandiri Manajemen Investasi, and BNI has PT BNI Asset Management (BNI AM). Apart from that, there is another state-owned asset investment manager, PT Bahana TCW Investment Management, which is a subsidiary of the Indonesia Financial Group (IFG).
Apart from that, Danantara has also announced several plans to consolidate companies operating in the same field. Such as the consolidation of state-owned insurance and reinsurance companies, from 15 companies to 3 entities.
(fsd/fsd)
[Gambas:Video CNBC]
date:2026-02-13 12:45:00
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