Private Banking Awards National Winners 2026: Indonesia

Best Private Bank: Bank Mandiri

Bank Mandiri’s extensive national presence and expanding wealth management offerings establish it as a key player in Indonesia’s market, which is marked by increasing financial literacy, a growing middle-class with investable assets, and wider adoption of digital financial services.

The country’s rapidly growing affluent segment—comprising less than 1% of the population but holding over 70% of Indonesia’s onshore liquid assets—creates significant opportunities for domestic institutions to enhance advisory services, distribution channels, and product variety. Bank Mandiri excels across all these areas.