Bank Mandiri Acquires Additional 200 User Licenses for CS Eximbills

Jakarta, February 26, 2004. Bank Mandiri, the largest state bank in Indonesia with over 730 branches around the nation and worldwide, has recently acquired additional 200 concurrent users’ license of CS Eximbills, on top of their existing 100. CS Eximbills was selected due to its ability to accommodate increased business requirements without the need to add a large amount of resources and initiate further costs. To address the bank’s huge potential for expanding its trade business, CS Eximbills will provide the basis for a regional processing solution. CS Eximbills will be rolled out to large Business Processing Centers located in strategic locations around the country this month. Amongst the 200 users’ licenses, 25 will be used for their off-shore branches.

Its implementation with IBM MQ Series middleware will be included, for the integration of CS Eximbills and a couple of their back–end Silverlake systems, which will further improve system functionalities.

The implementation project is a joint effort between China Systems Corporation and Indonesia-based Refine Consulting, with Bank Mandiri’s Trade Finance Implementation Team. China Systems Corporation is the leading provider of Trade Services Solutions worldwide and Refine Consulting is its exclusive distributor and partner in the Indonesian market.

Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits. It is one of the best capitalized banks in Asia with a Capital Adequacy Ratio (CAR) of more than 27%, several times the 8% required by the Bank of International Settlements (BIS). Through the efforts of its more than 17,500 employees, Bank Mandiri provides comprehensive financial services to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia.