Despite The Rising BI Rate, Bank Mandiri Does Not Want To Win The Credit Interest Tribe
JAKARTA - President Director of PT Bank Mandiri (Persero) Tbk Darmawan Junaidi stated that his party has no plans to make adjustments to the loan interest rate after Bank Indonesia raised the benchmark interest rate by 75 basis points (bps) to 4.25 percent.“ In terms of profitability, we do not necessarily increase interest rates simultaneously on credit because currently our target is at the targeted level for credit debt, ” he said in a Hearing Meeting (RDP) with Commission XI DPR RI in Jakarta, quoted from Antara, Wednesday 28 September.Not only credit interest rates, Darmawan admitted that Bank Mandiri also has not planned to increase the interest rate of savings funds and deposits in the near future.This is because Bank Mandiri is optimistic that the performance until the end of the year will not be affected by the interest rate.“ We don't have to compete by raising the interest rate for the funds to move to us,” he said.He admitted that he was sure that Bank Mandiri was still able to achieve the performance as targeted this year even though it was imagined by potential uncertainty next year.Darmawan explained that the company's challenge lies in 2023 because Bank Indonesia will continue to increase the benchmark interest rate and The Federal Reserve also has the potential to aggressively raise the Fed Funds Rate.He emphasized that he would continue to review further the readiness of Bank Mandiri to plan an expansion or business growth for next year as the challenges in 2023 are more severe than 2022.“ Will be able to get Mandiri growth (next year) but not as high as what we will achieve in 2022. The challenge is very tough next year,” Darmawan said.