Bank Mandiri: Savings With Balance Of Up To IDR 50 Million Grow 9 Percent

Photo: Doc. Bank Mandiri

JAKARTA - PT Bank Mandiri (Persero) Tbk recorded that the total funds raised from the savings customer segment with a balance of up to IDR 50 million until the end of March 2025 grew by around 9 percent on an annual basis (year on year / yoy).

"This reflects the trust of retail customers in Bank Mandiri's banking services as well as the success of the low-cost acquisition and retention strategy in the priority segment," said Bank Mandiri Retail Deposit Product and Solution Evi Dempowati in a statement, in Jakarta, quoted by Antara, Wednesday, May 7.

Evi said that savings products that grew around 12 percent yoy also supported the strong performance of third party funds (DPK) in the first quarter of 2025.

Until the end of March 2025, Bank Mandiri's total consolidated DPK was recorded at IDR 1,748 trillion, an increase of 11.2 percent yoy. The composition of low-cost funds (giro and savings) on a bank basis only reached 77.1 percent.

Evi said that Bank Mandiri is optimistic that this positive trend will continue throughout 2025, in line with the company's commitment to strengthening low-cost funding-based funding sources.

This strategy is supported by the development of digital services that are increasingly integrated and user-centric, such as the Livin' by Mandiri platform for individual customers and Kopra by Mandiri for the transaction needs of business and corporate customers.

"Through an adaptive and innovative digital approach, Bank Mandiri continues to strive to provide added value and ease of financial transactions for all customer segments, supporting sustainable national economic growth," said Evi.

For information, referring to data from the Deposit Insurance Corporation (LPS), total deposits in banks were recorded at IDR 9,077.85 per position in March 2025.

Meanwhile, deposits with a balance segment of less than IDR 100 million as of March 2025 grew by 6.78 percent yoy to reach IDR 1,133.06 trillion, with the number of accounts recorded at 611 million accounts.

Based on the LPS Consumer and Economic Survey (SKP), the Consumer Saving Index (IMK) in March 2025 was at the level of 78.3, down 1.9 points from the previous month's position. Most recently, the IMK was recorded to have improved in the following month, April 2025 at the level of 83.4 or rose 5.1 points from the position in March 2025.

IMK is an index that shows consumer saving intentions and abilities. According to LPS, the IMK level above 100 shows high consumer saving intentions and abilities.