Bank Mandiri's Asset Quality Improves, NPL Drops to 0.98%
Jakarta, CNBC Indonesia — PT Bank Mandiri (Persero) Tbk. (BMRI) has affirmed that its high credit growth throughout the first half of 2026 has been matched by increasingly healthy asset quality.
This is reflected in the continued improvement of various risk indicators, from the non-performing loan (NPL) ratio to loan at risk (LAR) and special mention loans (SML).
Bank Mandiri’s Director of Risk Management, Danis Subyantoro, said the loan at risk (LAR) ratio has continued to show an improving trend. As of the second quarter of 2026, LAR fell by 1.13 percentage points year-on-year to 5.93%.
Improvement was also seen in the special mention loan (SML) ratio, or collectibility 2 loans, which fell by 5.3 basis points (bps) year-on-year to 2.89%.
“Bank Mandiri’s commitment to healthy asset quality is reflected in the LAR ratio, which continues to improve year after year. This decline is also in line with the improvement in the SML ratio,” Danis said at the first-half 2026 performance presentation on Thursday (23 July 2026).
In addition, Bank Mandiri’s non-performing loan (NPL) ratio also continued to improve, reaching 0.98% in the second quarter of 2026, down 10 bps compared with the same period last year.
According to Danis, the maintained asset quality was also supported by strong provisioning, keeping the cost of credit (CoC) at an optimal level of 0.52% through the second quarter of 2026.
Previously, Bank Mandiri President Director Riduan revealed that the company recorded credit growth of 19.9% year-on-year to Rp1,592 trillion as of the second quarter of 2026, nearly double the credit growth of the national banking industry.
On the funding side, third-party funds (DPK) grew 17.1% year-on-year, also above the industry average. According to Riduan, this business growth was carried out prudently while maintaining healthy asset quality.
“This solid performance and fundamental strength make us optimistic that Bank Mandiri can make a positive, healthy and significant contribution in strengthening and driving a sustainable national economy,” said Riduan.