Bank Mandiri Reveals The Amount Of Dividends For The 2023 Financial Year

Rupiah illustration (Photo: dock. Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) has the potential to maintain the dividend distribution ratio for the 2023 financial year. Meanwhile, in the last 4 years BMRI has distributed dividends with a dividend payout ratio of 60 percent of net profit.

Bank Mandiri Director of Finance and Strategy Sigit Prastowo said that his party is considering the amount of dividends, one of which refers to healthy and optimal capital to support long-term performance growth.

"We have internally carried out an analysis within the framework of capital strategy, where Bank Mandiri can still maintain a dividend payout ratio at the 60 percent level while maintaining optimal capital to support business growth," said Sigit in the Public Expose Live 2023, Monday 27 November.

Sigit added that in 2022 Bank Mandiri had distributed dividends to shareholders amounting to IDR 24.7 trillion with dividend yields of 5.3 percent and for the same period BMRI shares also increased by 41.3 percent.

"So we have given a total return of shareholders (total shareholders) or TSR of 46.6 percent in 2022," said Sigit.

In the future, Sigit said that his party will continue to maintain Bank Mandiri's consistency so that it can continue to increase value for all shareholders.

For information, Bank Mandiri recorded a 27.4 percent increase in profit to IDR 39.1 trillion in the 3-2023 quarter. Meanwhile, BMRI's share price is currently recorded at IDR 5,875 per share, an increase of 18.39 percent since the beginning of the year.

In addition, Sigit conveyed that regarding the target of net profit at the end of the year, his party will continue to maintain a positive performance. "Of course, if we look at it, it is already at Rp. 39 trillion, it can be calculated the projected number (of net taxes) which we will book at the end of the year," he explained.

According to Sigit, Bank Mandiri's credit growth target until the end of 2023 is estimated to be at the level of 10 percent to 12 percent. Meanwhile, the net interest margin (net interest margin) or NIM ranges from 5.3 percent to 5.6 percent.

"Of course we hope that there will be improvements in guidance or maintaining guidance and ensuring good performance in September we can continue to maintain at the end of the year and also next year," he said.