Bank Mandiri (BMRI) to Hold AGM and Restructure Management Again

PT Bank Mandiri (Persero) Tbk. (BMRI) has announced a call for the Annual General Meeting of Shareholders (AGM). The meeting is scheduled for Wednesday, 29 April 2026. Several important agendas will be discussed at the AGM, including the highly anticipated item for investors: the approval of the use of the company’s 2025 net profit for dividends. In the tenth agenda item, Bank Mandiri will once again undertake a management change, marking the fourth such restructuring in the era of the new government. State-owned banks, including Bank Mandiri as part of the Himbara group, held their Annual General Meetings of Shareholders in the last week of March 2025. In addition to approving 2025 book year dividends, these red-plate banks restructured their management compositions. In August 2025, the bank with the golden ribbon logo held an Extraordinary General Meeting of Shareholders (EGM) and agreed to appoint a new president director. Then, in the December EGM, Bank Mandiri appointed a new chairman of the board of commissioners. For this year’s AGM, in addition to dividend distribution and management changes, Bank Mandiri will discuss the approval of the annual report and ratification of the company’s consolidated financial statements, approval of the board of commissioners’ supervisory duties report, and ratification of the 2025 book year financial statements for the Micro and Small Business Funding Programme (PUMK), along with granting full discharge and exoneration (volledig acquit et de charge) to the board of directors for company management actions and to the board of commissioners for supervisory actions carried out during the 2025 book year. Furthermore, the determination of salaries/honoraria, along with facilities and allowances for the 2026 book year, and remuneration for 2025 performance as set for the board of directors and board of commissioners. Next, the appointment of a public accountant and/or public accounting firm to audit the company’s consolidated financial statements and the PUMK programme financial statements for the 2026 book year. Then, approval of the revision to the company’s Recovery Plan. Subsequently, reporting on the realisation of the use of funds from the sustainable public offering (PUB) of Bank Mandiri’s Stage II 2025 Sustainable Green Bond I and Stage I 2025 Sustainable Sustainability Bond I. Then, approval of the share buyback plan and the transfer of repurchased shares held as treasury stock. After that, delegation of authority from the general meeting to a party designated by the general meeting for approving the 2026-2030 Long-Term Business Plan (RJPP) and the 2027 Annual Work Plan (RKAP) along with any amendments. Not to be missed, amendments to the company’s articles of association.