JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) recorded a consolidated net profit of IDR 55.1 trillion to 33.7 percent on an annual basis or year on year (yoy) throughout 2023. This figure is supported by net interest income which grew 9.08 percent (yoy) to IDR 9.89 trillion.
Meanwhile, throughout 2023, Bank Mandiri recorded credit disbursement of Rp1,398.1 trillion, up 16.3 percent (yoy) exceeding industrial credit growth of 10.38 percent (yoy).
This was supported by the increase in Bank Mandiri's total assets reaching Rp2,174.2 trillion at the end of 2023, up 9.12 percent (yoy) compared to the previous year's Rp1,992.5 trillion.
Meanwhile, Bank Mandiri recorded third party funds (DPK) of IDR 1,577 trillion, an increase of 5.78 percent (yoy), with a current account savings account (CASA) ratio of 79.4 percent.
Bank Mandiri President Director Darmawan Junaidi explained that with a consistent business strategy to focus on ecosystem-based business growth and supported by a digitization strategy, Bank Mandiri managed to get through 2023 by scoring brilliant performance growth.
"Throughout 2023, the company was able to record a net profit of IDR 55.1 trillion, growing 33.7 percent year on year (yoy). The profit acquisition has also become the largest since Bank Mandiri was founded 25 years ago," he explained Wednesday, January 31, 2024.
Darmawan explained that this significant performance achievement was in line with economic conditions, which nationally are still resilient in facing volatility in 2023.
"From the various challenges that exist in 2023, Indonesia's economic conditions are still resilient driven by increased household consumption, investment, and inflation that are still maintained. On the other hand, Indonesia's fiscal performance space is still large to be able to continue to support the economy," he explained.
Darmawan continued with the right strategy to generate Bank Mandiri's sustainable business growth to increase business volume growth in all segments.
According to Darmawan, impressive credit growth occurred in all segments, one of which was dominated by corporate loans which reached IDR 490 trillion at the end of 2023, growing 18.3 percent (yoy).
In addition, commercial credit also made a positive performance with the highest growth compared to other segments, which amounted to 21.2 percent (yoy) to IDR 238 trillion at the end of 2023.
"In maintaining the momentum of economic growth, Bank Mandiri is committed to jointly encouraging economic sustainability in potential sectors in each region including the SME (small medium enterprise) and Micro segments," he said.
Meanwhile, the SME segment grew to 14 percent (yoy) to Rp77 trillion. Furthermore, the micro segment grew to 10.4 percent (yoy) touching Rp168 trillion.
This growth is also offset by the quality of assets that continue to improve. As of the end of 2023, Bank Mandiri's Non Performing Loan (NPL) ratio on a bank basis only managed to drop by 86 basis points (bps) by (yoy) to the level of 1.02 percent. Although the NPL has decreased relatively, the company still maintains the reserve ratio (NPL coverage ratio) at the conservative level of 384 percent.
Bank Mandiri's financial performance throughout 2023 shows good momentum and on track and is followed by the application of a mature precautionary principle, as can be seen from the quality of assets that continue to improve. We are optimistic that in 2024 the performance growth room will still be open," he added.
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