JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) is optimistic to see its profit increasing in the second half of 2024, as credit distribution is projected to grow according to the target of 16-18% year-on-year (yoy). The notion was conveyed by Sigit Prastowo, Director of Finance and Strategy of BMRI in Public Expoe Live 2024 via Zoom, today (27/8).

In the first half (H1) of 2024, BMRI’s credit distribution growth reached 20.5% yoy to IDR 1.53 quadrillion from IDR 1.27 quadrillion in H1 2023. The credit growth reportedly arrived higher than the national banking industry level at 12.36% yoy.

“Credit growth that surpasses average banking industry is partly due to economic stability and development in Indonesia amidst the dynamic of global economy,” Prastowo said.

The credit growth realisation in H1 2024 helped to drive net profit grows 5.23% yoy to IDR 26.6 trillion from IDR 25.2 trillion in the first half of 2023.

Furthermore, profit realisation at the end of 2024 will also receive support from non-interest income, as seen in H1 2024, non-interest income reportedly increased 5.74% yoy to IDR 19.41 trillion from IDR 8.36 trillion seen in H1 2023.

In 2023, BMRI scored net profit of IDR 55.06 trillion, up 33.58% yoy from 2022 of IDR 41.17 trillion. (LK/ZH)