Aggressive Credit Expansion Supports Bank Mandiri's Performance
Bank Mandiri’s performance is assessed as remaining positive in early 2026, supported by an aggressive credit expansion strategy amid an economy still overshadowed by caution. Based on the financial report as of February 2026, Bank Mandiri’s credit disbursement reached Rp1,513.1 trillion, representing a 15.7% year-on-year (YoY) growth.
Direktur Program dan Kebijakan Prasasti Center for Policy Studies, Piter Abdullah, views this growth as primarily driven by the company’s aggressive strategy in credit disbursement, rather than solely by increased market demand.
“Nevertheless, overall, Bank Mandiri’s performance remains solid, as evidenced by capital adequacy, liquidity, and profitability indicators,” he stated.
According to him, this aggressive approach does not necessarily reflect a structural recovery in credit demand, given that not all banks are adopting a similar strategy amid the current economic conditions. On the other hand, the mobilisation of Third-Party Funds (DPK) also recorded strong growth, reaching Rp1,644.8 trillion or up 16.3% YoY, reflecting sustained customer confidence.
Direktur Finance & Strategy Bank Mandiri, Novita Widya Anggraini, stated that this performance was also driven by increased customer transaction activities, particularly through digital channels.
“Bank Mandiri’s net profit grew 16.7% year-on-year to Rp8.9 trillion up to February 2026, in line with the rise in digital transaction activities, especially through Livin’ by Mandiri, which boosted fee-based income,” she said.
Throughout early this year, the transaction volume on Livin’ by Mandiri reached more than 738.7 million transactions, or around 28% YoY growth. This growth was driven by the expanding use of digital services for various needs, from bill payments to fund transfers.
Transaction activities at merchants, including MSMEs, have also increased, strengthening the role of Bank Mandiri’s digital services in supporting more inclusive economic activities.
In line with that, fee-based income from digital channels showed significant growth. Income from Livin’ by Mandiri was recorded at Rp625 billion, up 45.3% YoY, while the wholesale platform Kopra by Mandiri contributed Rp421 billion with 29.3% YoY growth.
From the intermediation side, net interest income (NII) reached Rp13.7 trillion, or grew 9.16% YoY, supported by strong credit disbursement. Operational efficiency also continued to improve, reflected in the cost-to-income ratio (CIR) dropping to 37.21%. This indicates increasingly disciplined cost management alongside enhanced business productivity.
Meanwhile, asset quality remains well-maintained with a non-performing loan (NPL) ratio of 0.98% and a strong coverage ratio of 246.5%. This condition reflects Bank Mandiri’s consistency in applying prudence principles and strengthening risk management amid aggressive credit expansion.