BI Rate Naik Segala! Bank Mandiri Pencatatan Kredit Dobel Digit

JAKARTA PT Bank Mandiri Tbk. reported that until July 2022 the company managed to record credit growth of 11.3 percent year on year (yoy) worth Rp894.49 trillion.

Bank Mandiri Corporate Secretary Rudi Asaturridha said this nick managed to surpass the growth average industrial intermediation which was recorded at 10.7 percent yoy in the same period.

"The positive results we achieved could not be separated from the steady credit performance of the wholesale banking and retail banking segment," he said in an official statement on Friday, September 2.

Rudi explained that the wholesale banking side recorded a realization of Rp590.5 trillion, an increase of 10.8 percent. Meanwhile, for the retail segment, the issuer codenamed BMRI shares achieved 12.5 percent growth.

The ongoing economic growth makes the expansion space more open. For this reason, the company will direct its intermediation strategy to potential segments, such as plantations, infrastructure construction services, the food and beverage industry, energy and water, as well as financial services," he said.

The increase in the benchmark interest rate of Bank Indonesia (BI rate) some time ago to 3.75 percent did not seem to dampen BMRI's steps to keep aiming for aggressive targets.

"With macroeconomic conditions getting better, we are optimistic that Bank Mandiri's credit will be able to grow in the range of 11 percent yoy consolidated by the end of the year," he asserted.

Rudi added that the company is also focused on becoming a wholesale bank that not only offers credit, but also always acquires potential sources of non-interest income, including through trade transactions and cash management.

Then, in the retail segment, BMRI is said to carry out a sustainable and prudent collaboration strategy by targeting specific sectors and value chain through digital provisions.

Furthermore, Bank Mandiri's positive credit performance was supported by a fairly good liquidity condition with a loan to deposit ratio (LDR) position of bank only as of July 2022 at the level of 87.4 percent. Then, the trend of growth in third party funds (DPK) is claimed to be more optimal reaching Rp. 1,013.08 trillion, growing 8.7 percent.

This was also followed by an increase in the CASA ratio which continued to improve to 75.8 percent from the previous year's period of 73.7 percent.

In the course of digital transformation, we will continue to prioritize customer convenience and needs. So that the features and services presented can be a solution for customer transactions," concluded Rudi.