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Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

Cindy Mutia Annur 01/02/2024 19:38 WIB

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Bank Mandiri Tbk (BMRI) reported a record net profit of Rp55.1 trillion in 2023, the highest in the company's history.

Bank Mandiri's Net Profit by Year (2019-2023)

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Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

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Bank Mandiri's Net Profit by Year (2019-2023)

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PT Bank Mandiri Tbk (BMRI) and its subsidiaries booked a net profit of Rp55.06 trillion in 2023.

This achievement surged 33.7% compared to 2022 (year-on-year/yoy), marking the highest record in the last five years.

Previously, Bank Mandiri's net profit had contracted by 38.9% (yoy) in 2020, the initial year of the Covid-19 pandemic.

Then in 2021, BMRI's net profit began to recover and strengthened further in subsequent years, as shown in the graph.

Bank Mandiri's President Director, Darmawan Junaidi, stated that the 2023 performance achievement aligns with the robust national economic conditions.

According to Darmawan, Indonesia's economy in 2023 was supported by increased household consumption, investment, and controlled inflation.

"On the other hand, Indonesia's fiscal performance still has significant room to continue supporting the economy," said Darmawan in his press release on Wednesday (31/1/2024).

At the end of 2023, Bank Mandiri's consolidated assets reached Rp2,174.2 trillion, up 9.12% (yoy).

This increase was supported by the realization of Bank Mandiri's credit disbursement, which grew by 16.3% (yoy) to Rp1,398.1 trillion in 2023.

Credit growth occurred across all segments. Commercial credit recorded the highest growth performance, increasing by 21.2% (yoy) to Rp238 trillion at the end of 2023.

Corporate credit then grew by 18.3% (yoy) to Rp490 trillion in the same period, small and medium-sized enterprise credit grew by 14% (yoy) to Rp7 trillion, and the micro segment grew by 10.4% (yoy) to Rp168 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

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Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

Bank Mandiri's Profit Hits Record High of Rp55 Trillion in 2023

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Banten Most Polluted in Indonesia Tonight (26/12)

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