Bank Mandiri Tbk's financial report shows that the bank recorded a net profit attributable to the parent entity of Rp55.78 trillion in 2024.
This figure is up 1.31% year-on-year (yoy) from Rp55.06 trillion in 2023.
The company, with the stock code BMRI, recorded net interest and Islamic banking income of Rp104.27 trillion in 2024. This income increased by 6.39% (yoy) from Rp98 trillion previously.
Citing *Katadata*, which refers to the official report released by Bank Mandiri in its corporate snapshot, this high profit boosted Bank Mandiri's return on equity (ROE) to 21.2%. This ROE achievement reflects strong profitability amidst dynamic economic conditions.
Everson Sugianto, Investment Analyst at Stocbit, said that Bank Mandiri's performance throughout 2024 sent positive signals to investors.
"This result is in line with expectations, equivalent to 99% of the FY24 consensus estimate," said Everson, as quoted on Wednesday (February 5, 2025).
(See also: Bank Mandiri's Profit Up 5.22% in the First Half of 2024)
Loans disbursed throughout last year reached Rp1,670 trillion, with a gross non-performing loan (NPL) ratio decreasing from 1.02% in 2023 to 0.97%, and a net NPL of 0.33% as of December 2024.
Meanwhile, third-party funds (DPK) grew to Rp1,699 trillion with a current account savings account (CASA) ratio of 74.8%. This indicates an efficient funding structure.
Bank Mandiri also reported total assets based on the 2024 fiscal year reaching Rp2,427 trillion, solidifying its position as one of the largest banks in Indonesia. This is an increase from Rp2,174 trillion in 2023.
The state-owned bank's liabilities reached Rp1,860 trillion, and its equity amounted to Rp313.47 trillion in 2024.
(See also: State-Owned Bank Stock Prices Weaken Over the Past Year (February 10, 2025))