Consistently Encourage Economic Growth, Bank Mandiri Again Achieves The Peak Position Of Syndicated Loans

Photo: Doc. Bank Mandiri

JAKARTA - Bank Mandiri consistently affirms its position as a financial institution that excels in encouraging the business sector through financing support with a syndicated scheme.

Referring to the Bloomberg Table League report, during the first quarter of 2024 Bank Mandiri held the first position as Mandated Lead Arranger in the Indonesia Borrower Loan with a market share of syndicated credit formation of 24.7 percent of the total syndicated credit volume in Indonesia of 3.42 billion US dollars.

Bank Mandiri SVP Corporate Banking 4 Group Erwanza Nirwan explained, this support is part of the company's efforts to accelerate business and business growth which has a positive impact on the domestic economy. In total detail, Bank Mandiri as MLA has formed a syndicated credit with a limit of US$845 million during the first quarter of 2024.

"This reflects Bank Mandiri's dedication in providing reliable and leading financial support in Indonesia to continue to encourage national economic growth," Erwanza explained in his official statement, Monday, June 3.

This achievement consists of lending in several sectors, including the energy and utilities and manufacturing sectors. In addition, Bank Mandiri also provides financial support to companies that have a sustainable business activity plan, both in terms of increasing the selling value of final products, especially commodity products that contribute to the development of the EV battery technology ecosystem.

Erwanza also emphasized that Bank Mandiri will continue to strive to maintain consistency in providing innovative and solution financing support for business actors to have a positive impact on Indonesia's economic growth.

"In the midst of challenges and opportunities, we believe that with strong synergy and collaboration between financial institutions, the government and the private sector, Indonesia can achieve optimal and sustainable economic growth," he concluded.

Through these a series of strategies, Bank Mandiri continues to succeed in proving its resilience and adaptability in volatile market conditions amid global economic and financial uncertainty. This is also reflected in Bank Mandiri's ability to channel loans on a bank only of IDR 1,134.43 trillion as of April 2024, an increase of 21.54% year on year (YoY).

This achievement exceeded the growth of industrial credit, which grew by 12.3 percent on an annual basis at the end of April 2024. Through the achievement of this intermediation function, Bank Mandiri emphasized its role as a development agent who seeks to contribute optimally to the economy in Indonesia.