Jangkau 28,000 Investors, Bank Mandiriwrote A Total Order For Retail Government Securities Of IDR 13.7 Trillion

Photo: Doc. Bank Mandiri

JAKARTA PT Bank Mandiri (Persero) Tbk won an award from the Ministry of Finance as the Main Dealer and Distribution Partner with the best performance for the sale of Government Securities (SBN) for the 2021 period.

Bank Mandiri Treasury and International Banking Director Panji Irawan said that the achievements achieved were proof that the company participated in supporting domestic economic development.

"We are committed to encouraging investment interests as well as community participation in encouraging sustainable growth," he said in a written statement, quoted on Thursday, December 22.

According to Panji, the current level of investor confidence in the economy continues to climb. In addition, the increasing interest of retail investors can also strengthen financial system stability.

"Increasing investor confidence and interest in Government Securities is a positive signal that the condition of the Indonesian economy is on the right track and has room to grow even better. Bank Mandiri continues to be active in becoming a government distribution partner in increasing investment interest in the community," he said.

Panji added that the role of the main SBN dealer made the company consistently provide a variety of transaction products and services, both in the primary and secondary markets aimed at individual and institutional customers.

"We are very grateful for the trust given in distributing SBN instruments to the public and other investors, to jointly support the development of the country in a better direction," he stressed.

For information, the issuer with the stock code BMRI recorded a total retail SBN order in the primary market of IDR 13.7 trillion, an increase of 26.2 percent compared to the 2021 period.

Not only that, but the number of investors also continued to increase to reach 28,000 investors during the SBN issuance period in 2022 or beyond the previous year which amounted to 21,000 investors.

Meanwhile, the award received by BMRI for its role in supporting the issuance of Government Securities (SUN) in 2021 by absorbing as much as IDR 44.2 trillion or 10.1 percent of the total SUN issuance through the auction mechanism.

This achievement increased compared to the previous year, where BMRI absorbed 7.8 percent of the total SUN issuance in 2020.

In addition to absorption of SUN emissions in the primary market, Bank Mandiri also supports the government in the sale and purchase of SUN in the secondary market. Specifically for benchmark series SUN transactions, BMRI recorded a transaction volume of IDR 118.8 trillion or 18 percent compared to the total volume of major dealer transactions as a whole.

"In the future, we consider that the SBN instrument will still be a favorite of investors, driven by Indonesia's strong economic fundamentals and followed by support from banks," concluded Panji.