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PT. Koexim Mandiri Finance (KMF) was established on December,1991 as a joint venture multifinance company by and between the Export
-Import Bank of Korea and PT. Bank Mandiri (Persero) Tbk and started its business on June 1,1992.

The Export-Import Bank of Korea, the major shareholder of KMF, is a special govermental financial institution established on July 1, 1976 under the Export-Import Bank of Korea Act. The primary objectives of KOEXIM are to extend financial support for export and import transactions, overseas investment projects, and the development of natural resources abroad by means of providing loans, guarantees, and other financing facilities. It is also enhancing economic cooperation with developing countries through Official Development Aid programs of the Economic Development Cooperation Fund.

PT. Bank Mandiri (Persero), another shareholder was established in October 1998, in the aftermath of the Asian financial crisis of 1997 and 1998. Bank Mandiri is a product of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor-Import and Bank Pembangunan Indonesia. Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits also is the most profitable bank in Indonesia. It provides comprehensive financial service to corporate and individual customers as well as small and medium sized enterprises in Indonesia.

  • 2004

    • Increased the paid-in capital by IDR 16 billion becoming 52billion
  • 2000

    • Replaced the company’s name with PT Koexim Mandiri Finance
  • 1998

    • PT Bank Dagang Negara was merged into PT Bank Mandiri
  • 1996

    • Increased the paid-in capital by IDR 21 Billion becoming IDR 36 Billion
  • 1992

    • Started the business on June 1, 1992.
  • 1991

    • Established by the name of “PT Koexim BDN Finance on December 20,