Bank Mandiri Officially Stock Split With A Ratio Of 1:2

Illustration (Photo: Doc. Antara)

JAKARTA – JAKARTA – It is said that PT Bank Mandiri Tbk (BMRI) has officially conducted a stock split with a ratio of 1: 2. This corporate action resulted in the company's new stock price being in the position of IDR 5,250 per stock, from the previous IDR 10,525 per stock.

Bank Mandiri Corporate Secretary Rudi As Aturridha explained that the stock split step was taken to increase liquidity and expand investor accessibility to invest in companies.

"Before carrying out the split, the nominal value of BMRI's stocks was IDR 250 per stock with a total of 46.66 billion stocks. After the stock split, the nominal value is IDR 125 with a total of 93.33 billion stocks,” he said in a written statement on Tuesday, April 4.

According to Rudi, the number of company stocks increased from 64 billion stocks to 128 billion stocks after the stock split.

"For Series A Dwiwarna stocks, one stock will be retained and the remainder is calculated to increase the number of Series B stocks," he said.

Rudi added, Bank Mandiri will remain focused on business growth and improving financial performance amidst economic challenges.

"We hope that with this stock split, it will be easier for investors to invest in BMRI stocks and contribute to sustainable business growth," he said.

For your information, the stock split is a continuation of a similar action on September 13 2017 with a ratio of 1:2. At that time, BMRI stocks traded at IDR 6,700 per stock from the price before the stock split in the third quarter of 2017 of IDR 13,400 per stock.

In terms of performance, this state-owned bank posted IDR920 trillion in bank-only lending at the end of February. The incision increased 10.71 percent year on year (yoy) compared to the same period the previous year of IDR 830.97 trillion.

This credit growth was supported by adequate liquidity, reflected in the growth in third-party funds (DPK) of 13.88 percent to IDR 1,143.2 trillion. Then low-cost funds or current account saving accounts (CASA) rose to 20.26 percent, breaking IDR 892.68 trillion as of February 2022.

"This consistent business growth shows that Bank Mandiri's business strategy is able to provide trust and satisfaction for customers and investors. Going forward, we will continue to strive to encourage business growth and provide added value to all stakeholders," concluded Rudi.