Bank Mandiri's Credit Restructuring Increased by 9.53% in Q3 2021

The COVID-19 pandemic impacted the disbursement of loans at PT Bank Mandiri (Persero) Tbk. Consolidated restructured loans at this state-owned bank totaled Rp 182.8 trillion by Q3 2021. This figure represents a 9.53% year-on-year (YoY) increase.

Specifically, loans restructured under business-as-usual (BAU) conditions for Bank Mandiri and its subsidiaries increased by 6.05% YoY to Rp 71.7 trillion by Q3 2021. Loans restructured due to the COVID-19 pandemic increased by 11.55% YoY to Rp 111.1 trillion by the end of September 2021.

Compared to the end of 2020, total restructured loans at Bank Mandiri increased by 5.91% year-to-date (YTD). This includes a 1.56% YTD increase in BAU restructured loans and an 8.92% YTD increase in loans restructured due to the COVID-19 pandemic.

Compared to Q2 2021, total restructured loans at Bank Mandiri decreased by 6.26% quarter-to-quarter (QoQ). This includes a 2.98% QoQ decrease in BAU restructured loans and an 8.26% YTD decrease in loans restructured due to the COVID-19 pandemic.

Meanwhile, total restructured loans at Bank Mandiri (bank only) decreased by 0.32% YTD to Rp 154.2 trillion by Q3 2021. This includes a 0.31% YTD increase in BAU restructured loans to Rp 64.1 trillion. Restructured loans due to the COVID-19 pandemic decreased by 0.77% YTD to Rp 90.1 trillion.