Bank Mandiri Prepares Share Buyback Worth Rp 1.17 Trillion

JAKARTA — PT Bank Mandiri (Persero) Tbk plans to carry out a share buyback with a maximum value of Rp 1.17 trillion. This plan was announced through a disclosure on the Indonesia Stock Exchange. The number of shares repurchased will not exceed 10% of the issued capital. This provision refers to OJK regulations and the company law. The buyback funds will come from internal cash. The funds will not come from public offerings or loans. “The total value of the buyback is estimated at a maximum of Rp 1.17 trillion, including transaction costs for the repurchase, intermediary securities dealer commissions, and other costs,” stated Bank Mandiri’s management on Thursday (17/3/2026). The buyback is also aimed at maintaining a balance between market conditions and the company’s performance. The repurchased shares will be allocated for the employee stock ownership programme. A similar programme is also prepared for directors and commissioners as part of long-term compensation. Bank Mandiri ensures that the buyback implementation will still consider liquidity and capital adequacy. The company will not proceed with the buyback if it risks reducing share liquidity in the market. If the full budget is used, assets and equity will decrease by up to Rp 1.17 trillion. “The company is confident that the implementation of the buyback will not have a material negative impact on business activities and company growth, because the company currently has sufficient capital and cash flow to carry out and finance all business activities, business development activities, operational activities, and the buyback,” explained management. The buyback plan will seek approval at the 2025 Annual General Meeting. The meeting is scheduled for 29 March 2026. If approved, the buyback will be conducted from 30 April 2026 to 29 April 2027.