Bank Mantap Optimistic to Rise to KBMI 3 in 2028 Without Additional Capital from Shareholders

Head of Strategic & Performance Management Department Bank Mantap Agus Syaiful Anwar (Photo: VOI File)

BALI - Bank Mandiri Taspen (Mantap) is optimistic that it can be upgraded to a Group Bank of Banks Based on Core Capital (KBMI) 3 in 2028 without requiring additional capital from shareholders.

The Company believes that capital strengthening can be achieved organically through the accumulation of retained earnings which continues to increase every year.

Head of Strategic & Performance Management Department of Bank Mantap, Agus Syaiful Anwar, said the company had stopped its dependence on capital injections from the parent company since 2020.

Previously, business expansion was still supported through a rights issue action carried out together with shareholders, namely Bank Mandiri and Taspen.

"In practice since 2020 until now, Bank Mantap has met its capital needs organically," said Agus during a media briefing in Denpasar, Bali, Sunday, July 5.

According to him, Bank Mantap's capital condition is currently classified as very strong. This is reflected in the capital adequacy ratio (CAR) which has been above 30 percent, far exceeding the average banking industry which is in the range of 18-20 percent and the regulator's provisions which are generally at the level of around 10-12 percent.

Agus explained that one of the factors that accelerated capital strengthening was the conservative dividend distribution policy. From the profits earned each year, the company only distributes around 10 percent to shareholders, while around 90 percent of the remaining is recorded as retained earnings to strengthen the capital structure.

"The dividend we give to shareholders is only 10 percent. The rest we turn back into retained capital. This is what accelerates capital growth," he said.

Based on 2025 performance, Bank Mantap booked net profit of IDR 1.58 trillion. Meanwhile, the company's core capital has now reached around IDR 10 trillion.

Referring to the provisions of the KBMI, banks must have a minimum core capital of IDR 14 trillion to be able to enter the KBMI 3 group.

Assuming the company's profit remains in the range of IDR 1.6 trillion per year and most of it is held as additional capital, Agus believes that the target can be achieved in the next three years.

"If the performance is the same as in 2025, we should be able to climb to KBMI 3 in the next three years," he said.

Bank Mantap even targets higher profit growth compared to last year's achievement.

The company expects net profit in 2026 to increase to around IDR 1.7 trillion, then reach IDR 2 trillion the following year and continue to grow to around IDR 2.5 trillion.

With this projection, Agus emphasized that management is very confident that the target of becoming a KBMI 3 bank in 2028 can be realized without requiring additional capital from shareholders.

"We are still very confident that we can upgrade to KBMI 3 in 2028 in an organic way," he concluded.