Bank Mandiri targets 7-9 per cent credit growth, no plans to revise upward
Jakarta (ANTARA) - PT Bank Mandiri (Persero) Tbk has stated it has no plans to revise upward its 2026 credit growth target, which remains in the range of 7-9 per cent, amid efforts by regulators to push banks to increase their lending targets.
Bank Mandiri President Director Riduan, speaking to media after a hearing with Commission VI at the Parliamentary Complex in Jakarta on Wednesday, said the company would continue to pursue the targets set out in its bank business plan (RBB) submitted in December 2025.
However, the company has not ruled out a revision after monitoring credit disbursement performance through at least the first half of the year.
"So we will just press on with the existing RBB. Perhaps in June we will review developments to decide whether to revise or not," said Riduan.
Despite the 7-9 per cent credit growth target, Riduan assured that Bank Mandiri consistently strives to exceed its RBB targets.
As at the end of December 2025, Bank Mandiri's credit reached Rp1,895.0 trillion, growing 13.4 per cent year-on-year. According to the company, this credit performance was underpinned by balanced growth across all business segments.
The positive credit performance was also accompanied by maintained asset quality, with a gross non-performing loan (NPL) ratio of 0.96 per cent at the end of 2025 — below the industry average and consistently demonstrating a gradual improvement trend.
On the funding side, third-party funds (DPK) reached Rp2,105.8 trillion, growing 23.9 per cent year-on-year. The funding structure remained sound, with low-cost funds (CASA) growing 12.6 per cent year-on-year to Rp1,431.4 trillion.
In terms of profitability, Bank Mandiri recorded net profit attributable to owners of Rp56.3 trillion throughout 2025.
Previously, the Financial Services Authority (OJK) projected banking credit in 2026 to grow in the double digits at 10-12 per cent year-on-year, supported by DPK growth of 7-9 per cent year-on-year.
At the 2026 Annual Meeting of the Financial Services Industry (PTIJK), OJK Chief Executive for Banking Supervision Dian Ediana Rae said his office was optimistic the target could be achieved.
The OJK, Dian said, would focus on encouraging bank performance through an individual approach. He noted that negotiations to push credit targets higher were still ongoing.
"Negotiations regarding credit growth, for example in each bank's individual RBB, are still being actively pursued. There are negotiations for higher targets. This applies to all types of credit, including corporate lending and others," he said.
However, according to Dian, equally important is encouraging increased lending to micro, small and medium enterprises (MSMEs) amid disappointing growth in this segment.
To that end, the OJK is implementing a more systemic strategy to address MSME credit issues, not only in terms of increasing the quantity but also the quality of lending.
"In the regions, we are also doing a great deal. OJK regional offices are now taking many steps to identify sources of economic growth in their areas, which can then be financed through MSME credit," said Dian.
At the industry level, banking credit as at the end of December 2025 grew 9.63 per cent year-on-year to Rp8,586 trillion. Meanwhile, DPK grew 13.83 per cent year-on-year to Rp10,059 trillion, with current accounts, time deposits and savings accounts growing 19.13 per cent, 14.28 per cent, and 8.19 per cent year-on-year respectively.
Bank Mandiri President Director Riduan, speaking to media after a hearing with Commission VI at the Parliamentary Complex in Jakarta on Wednesday, said the company would continue to pursue the targets set out in its bank business plan (RBB) submitted in December 2025.
However, the company has not ruled out a revision after monitoring credit disbursement performance through at least the first half of the year.
"So we will just press on with the existing RBB. Perhaps in June we will review developments to decide whether to revise or not," said Riduan.
Despite the 7-9 per cent credit growth target, Riduan assured that Bank Mandiri consistently strives to exceed its RBB targets.
As at the end of December 2025, Bank Mandiri's credit reached Rp1,895.0 trillion, growing 13.4 per cent year-on-year. According to the company, this credit performance was underpinned by balanced growth across all business segments.
The positive credit performance was also accompanied by maintained asset quality, with a gross non-performing loan (NPL) ratio of 0.96 per cent at the end of 2025 — below the industry average and consistently demonstrating a gradual improvement trend.
On the funding side, third-party funds (DPK) reached Rp2,105.8 trillion, growing 23.9 per cent year-on-year. The funding structure remained sound, with low-cost funds (CASA) growing 12.6 per cent year-on-year to Rp1,431.4 trillion.
In terms of profitability, Bank Mandiri recorded net profit attributable to owners of Rp56.3 trillion throughout 2025.
Previously, the Financial Services Authority (OJK) projected banking credit in 2026 to grow in the double digits at 10-12 per cent year-on-year, supported by DPK growth of 7-9 per cent year-on-year.
At the 2026 Annual Meeting of the Financial Services Industry (PTIJK), OJK Chief Executive for Banking Supervision Dian Ediana Rae said his office was optimistic the target could be achieved.
The OJK, Dian said, would focus on encouraging bank performance through an individual approach. He noted that negotiations to push credit targets higher were still ongoing.
"Negotiations regarding credit growth, for example in each bank's individual RBB, are still being actively pursued. There are negotiations for higher targets. This applies to all types of credit, including corporate lending and others," he said.
However, according to Dian, equally important is encouraging increased lending to micro, small and medium enterprises (MSMEs) amid disappointing growth in this segment.
To that end, the OJK is implementing a more systemic strategy to address MSME credit issues, not only in terms of increasing the quantity but also the quality of lending.
"In the regions, we are also doing a great deal. OJK regional offices are now taking many steps to identify sources of economic growth in their areas, which can then be financed through MSME credit," said Dian.
At the industry level, banking credit as at the end of December 2025 grew 9.63 per cent year-on-year to Rp8,586 trillion. Meanwhile, DPK grew 13.83 per cent year-on-year to Rp10,059 trillion, with current accounts, time deposits and savings accounts growing 19.13 per cent, 14.28 per cent, and 8.19 per cent year-on-year respectively.