Bank Mandiri's Assets Surpass BRI's Again in 2022, Reaching Almost Rp2 Quadrillion

Bank Mandiri's (PT Bank Mandiri Tbk) financial report shows total assets nearing two quadrillion rupiah, reaching Rp1,992.54 trillion in 2022.

This state-owned bank's total assets grew by 15.47% year-on-year. With the trading code BMRI, the bank also boasts the largest asset base compared to other banks.

Second place belongs to PT Bank Rakyat Indonesia Tbk (Bank BRI), with assets reaching Rp1.87 quadrillion at the end of last year. The bank, trading under the code BBRI, saw an 11.18% year-on-year growth in total assets.

Since 2010, these two state-owned enterprises (SOEs) have alternately held the title of Indonesia's largest bank by asset value, as shown in the graph.

In 2020, Bank BRI held the top spot with total assets of Rp1.61 quadrillion, while Bank Mandiri followed with Rp1.54 trillion.

In 2021, Bank Mandiri took the lead with assets reaching Rp1.73 quadrillion, an 11.91% increase year-on-year.

This growth in Bank Mandiri's assets is attributed to the merger of three sharia banking entities from three state-owned banks: PT Bank BRI Syariah Tbk, PT Bank Syariah Mandiri, and PT Bank BNI Syariah. These merged to form PT Bank Syariah Indonesia Tbk (BSI).

The newly merged entity became a subsidiary of Bank Mandiri. BSI's assets reached Rp305.73 trillion in 2022, a 15.42% increase from Rp265.29 trillion the previous year.

Bank BRI's assets grew by only 4.23% to Rp1.69 quadrillion, resulting in Bank Mandiri reclaiming the top spot.

Here's Bank Mandiri's financial performance as of December 2022:

* Assets: Rp 1,992.54 trillion
* Equity: Rp 229.68 trillion
* Liabilities: Rp 1,762.86 trillion
* Revenue: Rp 112.38 trillion
* Net Profit: Rp 41.17 trillion
* Earnings Per Share: Rp 882.52

Here's Bank BRI's financial performance as of December 2022:

* Assets: Rp 1,865.64 trillion
* Equity: Rp 303.39 trillion
* Liabilities: Rp 1,562.24 trillion
* Revenue: Rp 126.17 trillion
* Net Profit: Rp 51.17 trillion
* Earnings Per Share: Rp 338.00