Bank Mandiri Records Positive Performance Thanks to Lending and Low-Cost Funds
Bank Mandiri’s performance in early 2026 is assessed as remaining solid despite structural credit demand not fully recovering. Strong credit growth and funding structure efficiency are the main factors supporting the performance of the red-plate bank.
Economist from LPEM FEB UI, Teuku Riefky, views Bank Mandiri’s double-digit credit expansion as indicating the important role of large banks in maintaining the momentum of national banking intermediation. Up to February 2026, Bank Mandiri’s credit disbursements reached Rp1,513.1 trillion, or grew 15.7% year-on-year (YoY). This growth was accompanied by Third-Party Funds (DPK) mobilisation reaching Rp1,644.8 trillion, up 16.3% YoY. This indicates that customer confidence remains intact.
“This growth is largely driven by the expansion of large banks, while overall credit demand has not fully recovered structurally,” Riefky stated.
In addition to credit expansion, Bank Mandiri’s performance is strengthened by an efficient funding structure, reflected in the high ratio of low-cost funds or current account saving account (CASA). On the other hand, the acceleration of digital services also serves as an additional catalyst. Platforms such as Livin’ and Kopra contribute to increasing transaction volumes while strengthening commission-based income (fee-based income).
Bank Mandiri’s Director of Finance & Strategy, Novita Widya Anggraini, revealed that up to February 2026, the company’s net profit grew 16.7% year-on-year to Rp8.9 trillion.
“This growth aligns with the increasing digital transaction activities of the public, particularly through Livin’ by Mandiri, which also drives fee-based income,” she said.
From the intermediation side, net interest income (NII) was recorded at Rp13.7 trillion, or up 9.16% YoY. This performance is supported by maintained credit disbursements and increasing customer transaction activities on digital channels.
These transaction increases also strengthen the mobilisation of low-cost funds based on transaction accounts, thus helping to suppress interest expenses. Operational efficiency continues to improve, reflected in the cost-to-income ratio (CIR) dropping to 37.21%.
Meanwhile, asset quality remains well-maintained with a non-performing loan (NPL) ratio at 0.98%, and a strong coverage ratio of 246.5%. This reflects the application of prudence principles in credit disbursements and consistent risk management. With solid fundamentals, Bank Mandiri is optimistic about maintaining growth momentum going forward through strengthened synergies across business lines.
“Going forward, we will continue to strengthen integration across all lines to drive sustainable growth while enhancing the company’s competitiveness,” Novita emphasised.