Troubled System, Bank Mandiri's Stock Price Dragged Down
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PT Bank Mandiri Tbk (BMRI) share price dropped 1.27% to Rp 7,775 per share at the close of trading on Monday (22/7). The plunge in Bank Mandiri's share price was due to a problematic information technology (IT) system last weekend that caused changes to customer account balances.
Bank Mandiri has rectified the system affecting millions of its customers. However, the Financial Services Authority (OJK) has requested Bank Mandiri to report the cause of the IT system problem and the steps the company has taken to improve its services.
Foreign investors were the main driver of the decline in Bank Mandiri's share price, with net sales of Rp 111.5 billion. The total transaction volume of Bank Mandiri shares today reached 43.4 million shares with a frequency of 5,519 times.
"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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