JAKARTA – Yesterday (1/2), PT Bank Mandiri (Persero) Tbk (BMRI) reported double-digit growth in its credit distribution, reaching 16.3% year-on-year (yoy) to IDR 1.39 trillion.

With this achievement, Bank Mandiri was able to book consolidated net interest income of IDR 95.9 trillion, recording 9.1% increase from IDR 88 trillion in 2022.

Moderate growth in its revenue did not hinder BMRI from scoring a surge in its consolidated net profit of 33.6% yoy to IDR 60 trillion, as revealed by the management in the information disclosure in Indonesia Stock Exchange yesterday (1/2).

Not only that, Bank Mandiri’s total assets also increased 9.13% yoy; hitting IDR 2.17 quadrillion. It was further driven by third-party funds that were seen totalling to IDR 1.58 trillion at the end of December 2023.

The credit distribution growth of Bank Mandiri was accompanied by the shrink of non-performing loan (NPL) ratio yearly. That includes gross NPL from 1.92% to 1.19% in 2023, as well as net NPL from 0.33% to 0.31%.

In addition, capital adequacy ratio (CAR) of Bank Mandiri was reported at approximately 22% at the end of 2023. (ZH)