Bank Mandiri's Profit Grows 16.6% to Rp15.4 Trillion in Q1 2026

Jakarta (ANTARA) - PT Bank Mandiri (Persero) Tbk recorded a consolidated net profit of Rp15.4 trillion in the first quarter of 2026, representing a 16.6% year-on-year (yoy) growth, accompanied by maintained profitability and a strong capital foundation. As of the end of March 2026, Bank Mandiri’s return on equity (ROE) on a bank-only basis stood at 22.1%, while the capital adequacy ratio (CAR) was at 19.7%. Overall, the bank’s total income grew by 9.15% (yoy). “With this solid performance and fundamentals, we are optimistic that Bank Mandiri will be able to provide positive and significant contributions in strengthening the national banking industry while driving sustainable national economic growth,” said Bank Mandiri President Director Riduan during an online press conference in Jakarta on Tuesday. Furthermore, Bank Mandiri’s total loans grew 17.4% (yoy) to Rp1,530 trillion as of March 2026. This growth was nearly double the relative growth of the industry. “We are focusing this loan growth to drive real economic activities, particularly in productive and labour-intensive sectors,” said Riduan. Bank Mandiri’s SME loans grew by 5.27% (yoy). Riduan noted that this achievement was far better compared to the ongoing contraction in SME loans in the banking industry. On the funding side, Bank Mandiri recorded solid third-party funds (DPK) with 21.1% (yoy) growth to Rp1,675 trillion, higher than the industry growth in the same period. “This demonstrates that Bank Mandiri is able to maintain customer trust well, thus resulting in stable and sustainable liquidity management,” said Riduan. Bank Mandiri recorded an increasingly strong funding structure, reflected in low-cost funds or current account saving account (CASA) reaching Rp1,201 trillion or growing 12.7% (yoy). From an efficiency perspective, the company noted improving operational productivity, reflected in the BOPO ratio improving to 58.0%. Bank Mandiri ensures that all business expansions are consistently balanced with disciplined asset quality management, with gross NPL on a bank-only basis maintained at 0.98% or improving by 3 basis points (bps) yoy, with adequate provisioning where the NPL coverage ratio is at 245%. Riduan stated that Bank Mandiri also actively serves as a strategic partner to the government in ensuring various national programmes run effectively and provide direct impacts to the real sector and the wider community. Various national strategic agendas are consistently supported, including People’s Business Credit (KUR), the 3 Million Houses Programme, Free Nutritious Meals (MBG), and the Red and White Village Cooperatives (KDMP). In KUR distribution, Bank Mandiri recorded a realisation of Rp11 trillion up to the first quarter of 2026, reaching more than 87,000 SME actors in various productive sectors. For the Free Nutritious Meals (MBG) programme, around 6,000 Nutrition Fulfilment Service Units (SPPG) have used Bank Mandiri’s Virtual Account services to strengthen accountable financial governance. Support for equitable welfare is also manifested through financing for around 2,300 housing units in the 3 Million Houses Programme (FLPP). Meanwhile, at the village level, Bank Mandiri supports the aspirations of around 80,000 Red and White Village/Urban Village Cooperatives as part of strengthening the people’s economic ecosystem.