Credit Expansion Strategy Deemed to Produce Positive Performance for Bank Mandiri
Jakarta (ANTARA) - The strategic expansion in disbursing credit amid the current cautious economy is deemed capable of producing positive performance for PT Bank Mandiri (Persero) Tbk (BMRI), one of the state-owned enterprises (BUMN) banks.
Director of Programmes and Policy at Prasasti Center for Policy Studies, Piter Abdullah, assessed that Bank Mandiri’s credit growth is more due to the bank’s more aggressive policy in channelling funds rather than a significant increase in credit demand.
“Regardless of that credit growth, I think Bank Mandiri’s performance is still quite good, with indicators of capital adequacy, liquidity, and profitability,” he stated in his comments in Jakarta on Sunday.
Based on the February 2026 monthly financial report, this performance is reflected in credit disbursements reaching Rp1,513.1 trillion, or growing 15.7% year-on-year (YoY).
This growth was accompanied by the mobilisation of Third-Party Funds (DPK) reaching Rp1,644.8 trillion, up 16.3% YoY, reflecting sustained customer confidence in Bank Mandiri’s services.
Bank Mandiri’s Director of Finance & Strategy, Novita Widya Anggraini, stated that this performance improvement aligns with increasingly active customer transactions across various Bank Mandiri service channels, particularly through digital platforms.
She mentioned that Bank Mandiri’s net profit grew 16.7% year-on-year to Rp8.9 trillion up to February 2026, in line with the increasing digital transaction activities of the public through Livin’ by Mandiri, which also drives commission-based income growth.
This increase is driven by the broader utilisation of digital services by the public for various daily transaction needs, from bill payments, product and digital service purchases, to inter-individual or business fund transfers.
In addition, she added, the increasing use of payment transactions at various merchants and businesses, including MSMEs, also strengthens the role of Bank Mandiri’s digital services in supporting the smooth running of public economic activities and expanding more practical, fast, and inclusive transaction access.
In line with the increasing digital transaction activities, Bank Mandiri also recorded growth in fee-based income derived from various payment, transfer, and other digital transaction services.
On the other hand, Bank Mandiri’s intermediation performance remains well-maintained, as reflected in Net Interest Income (NII) of Rp13.7 trillion, growing 9.16% year-on-year (YoY).
This performance is supported by sustained credit disbursements and increasingly active customer transactions through various Bank Mandiri digital service channels, particularly Livin’ by Mandiri.
At the same time, operational efficiency continues to improve with the Cost-to-Income Ratio (CIR) dropping to 37.21%, reflecting increasingly disciplined cost management alongside enhanced business productivity.
“This performance reflects the application of prudence principles in credit disbursements as well as consistent strengthening of risk management carried out by the company,” she said.