JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) announced a consolidated net profit of Rp42 trillion for the third quarter of 2024, marking a year-on-year growth of 7.56% from Rp39.1 trillion in the previous year.
This achievement is supported by the expansion of its digital ecosystem and ongoing improvements in asset quality. Bank Mandiri's President Director, Darmawan Junaidi, emphasized the bank's strategic role in supporting economic growth, reflected in its positive financial performance across key sectors throughout Indonesia.
As of Q3 2024, Bank Mandiri's consolidated credit realization reached Rp1,590 trillion, growing 20.8% year-on-year. This growth is largely driven by the wholesale credit segment, which is central to Bank Mandiri's operations.
Darmawan stated, “Bank Mandiri consistently strengthens its role as a change agent by channeling credit to the real sector to support community and national economic growth.”
The bank also reported improved asset quality, with a non-performing loan (NPL) ratio of 0.97%, down 39 basis points year-on-year. Credit growth was notable across all segments, particularly in the corporate sector, which saw a 29.4% increase year-on-year, reaching Rp581 trillion by the end of Q3 2024.
Additionally, micro and SME credit segments grew by 13.04% and 13.7% year-on-year, respectively. Bank Mandiri reinforced its commitment to grassroots economic initiatives, disbursing Rp32.2 trillion in People's Business Credit (KUR) to over 293,000 micro, small, and medium enterprises by September 2024.
Looking ahead, Darmawan expressed confidence in achieving the bank's credit growth target of 16%-18% year-on-year by the end of 2024, focusing on strategic sectors such as agriculture, telecommunications, energy, and labor-intensive industries.
Simultaneously, third-party funds (DPK) also grew, reaching Rp1,667.5 trillion in Q3 2024, a 14.9% increase year-on-year, driven by a 17.8% rise in demand deposits to Rp596 trillion and a 12.6% increase in savings to Rp635 trillion.