Bank Mandiri Announces Debtors Affected By Covid-19 Back To Normal

Bank Mandiri (Photo: Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) stated that debtors affected by COVID-19 have returned to normal with a significant decline. This is in line with the Financial Services Authority (OJK) which has announced the end of the bank credit restructuring stimulus policy for the impact of COVID-19 on March 31, 2024.

Bank Mandiri Corporate Secretary Teuku Ali Usman explained that the current business conditions of debtors have been able to fulfill their credit payment obligations, both principal and interest installments.

His party assessed that the end of the bank credit restructuring stimulus policy in the context of handling COVID-19, of course, had considered the condition of the Indonesian economy which had recovered from the COVID-19 pandemic in almost all sectors.

"Currently, the condition of debtors affected by Covid-19 has reached soft landing, before the end of the credit restructuring stimulus policy by the OJK", Ali said in his official statement, Monday, April 1.

Ali continued, the sectors most affected during the COVID-19 pandemic at Bank Mandiri included the transportation and warehousing and Provision of Accommodation and Provision of Drinking Food.

Bank Mandiri continued Ali will continue to closely monitor the business conditions of debtors through Early Warning Signal, and can provide further restructuring if needed.

"Especially for debtors who have received the majority of COVID-19 restructuring, they have entered the normal level (before the pandemic). There are only a few left in certain sectors," he said.

Ali said that the incentives that had been taken by the Government and the OJK were appropriate so that economic conditions were relatively faster to recover.

In line with improving business conditions, Bank Mandiri is optimistic that the performance of debtors will continue to grow.

"At Bank Mandiri, Loan at Risk (LaR) is already lower than during the pandemic, this is the main indicator that we are ready to grow beyond the position before COVID-19," he explained.

As additional information, as of December 2023, Bank Mandiri's NPL as a bank only, has decreased to 1.02 percent with an adequate NPL Coverage Ratio of 384.36 percent.