Bank Mandiri Distributes Sustainable Financing Of IDR 232 Trillion In The First Quarter Of 2023

JAKARTA - Bank Mandiri Deputy President Director Alexandra Askandar said that his party had distributed sustainable financing of IDR 232 trillion in the first quarter of 2023 or 25 percent of the bank only financing portfolio.

"From this figure, the financing included in green financing is IDR 109 trillion or 11.8 percent of total bank only credit," he said, quoted from Antara, Tuesday, June 6.

The distribution of green financing in March 2023 recorded an increase of 12.6 percent compared to the same period the previous year.

The green financing was channeled to the management of sustainable natural resources worth IDR 90.6 trillion, new and renewable energy IDR 8.5 trillion, Ecoefficient products IDR 3.9 trillion, and environmentally friendly transportation IDR 3.1 trillion.

In addition, Bank Mandiri also distributed environmentally friendly social financing to micro, small and medium enterprises (MSMEs) with a value of IDR 123 trillion until March 2023 and financing other green projects worth IDR 2.8 trillion.

"Bank Mandiri also continues to develop sustainable products such as sustainability links to loans in debtors engaged in high-carbon emissions sectors such as the cement and livestock industry," he said.

With this financing scheme, Bank Mandiri hopes to encourage debtors to make a transition to more environmentally friendly business activities.

For the retail segment, Bank Mandiri launched a micro multipurpose credit product and a special credit card for the purchase of roof PLTS and the distribution of battery-based electric motorized vehicles in collaboration with Bank Mandiri's subsidiaries.

"The increasing awareness regarding sustainability issues, plus programs and incentives provided by the government in the future will encourage Bank Mandiri to continue to improve green financing and develop sustainable banking service products," he said.