Bank Mandiri Records Credit Distribution Reaches IDR 1,590 Trillion
JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) recorded a consolidated realization of Bank Mandiri's credit reaching 20.8 percent year on year (yoy) to Rp1,590 trillion.
Bank Mandiri President Director Darmawan Junaidi said that this growth was supported by credit from the wholesale segment, which is the core business of Bank Mandiri.
"This achievement is followed by maintained and improving asset quality, reflected in the bank-only ratio of non-performing loans or Bank Mandiri's NPL ratio of 0.97 percent or a decrease of 39 basis points (bps) on an annual basis," he explained at a press conference, Wednesday, October 30.
As for the end of September 2024, Bank Mandiri posted credit growth in all segments. Meanwhile, the largest growth is still supported by corporate segment loans which recorded an annual growth of 29.4 percent to IDR 581 trillion at the end of the third quarter of 2024.
Darmawan said that Bank Mandiri's credit growth was also driven by the micro-productive segment and SME, which grew by 13.04 percent and 13.7 percent respectively at the end of September 2024.
"Bank Mandiri consistently strengthens its role as a change agent by channeling credit to the real sector to support the economy of the Indonesian people and the economy," he said.
Darmawan said that his party also emphasized its commitment to the people's economy through the distribution of People's Business Credit (KUR), which until September 2024 had reached IDR 32.2 trillion and reached more than 293 thousand MSME actors.
As for the distribution of KUR, Darmawan said Bank Mandiri also strengthens the production sector and builds business synergies with wholesale customers to encourage wider collaboration.
In the future, Darmawan said that his party will continue to focus on credit growth in strategic sectors in a sustainable manner such as Agriculture & Plantation, Telecommunications, Energy, Food and Beverage Industry and labor-intensive sectors in various regions.
"Through a credit distribution strategy that prioritizes the populist economic sector, we are optimistic that the credit growth target according to guidance in the range of 16 percent-18 percent YoY can be achieved by the end of 2024," he added.
For information, the 26th Anniversary of Bank Mandiri has introduced the latest innovations in Livin' by Mandiri. Among other things, the new Livin' display and the presence of the Livin' Loyalty feature to make it easier for customers to collect Livin' a stock investment feature, all available in one application.
"This innovation is our step to make Livin' by Mandiri a beyond superapp that allows customers to experience easier, faster and personal banking experiences," he explained.
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In the same period, Darmawan said that the Wholesale Digital Super Platform Kopra by Mandiri, has managed to manage 943 million transactions, growing 20 percent on an annual basis until the third quarter of 2024 with a transaction value of IDR 16,000 trillion or growing 15 percent on an annual basis.
"This super complete digital platform can serve various transaction needs anywhere and anytime, for various segments of business, from corporations to SMEs with more than 200 thousand users as of September 2024," he said.
Darmawan also said that Kopra by Mandiri has now been perfected to provide a much better experience for users, while still focusing on its three main functions, namely Cash Management, Value Chain, and Trade which can be accessed single sign-on.
"As a bank that has core competence in a wholesale bank with an all-rounder unique ecosystem, Bank Mandiri also has a focus on meeting banking needs for business people, especially the corporate segment," he explained.