Bank Mandiri (Persero) Tbk's financial report shows that the company achieved a net profit of Rp13.19 trillion in the first quarter of 2025.
This figure is up approximately 3.89% year-on-year (yoy) from Rp12.7 trillion in the first quarter of 2024.
Net interest and sharia income was recorded at Rp25.5 trillion in the first quarter of 2025, a 5.45% yoy increase from Rp24.18 trillion in the first quarter of 2024.
These increases coincided with a 24.42% rise in interest and sharia expenses, from Rp11.34 trillion in the first quarter of 2024 to Rp14.12 trillion in the first quarter of 2025.
Citing *Katadata*, Bank Mandiri's President Director, Darmawan, explained that this performance was driven by credit disbursement, which reached Rp1,672 trillion by March 2025, a 16.5% year-on-year increase. This credit disbursement was driven by both wholesale and retail segments.
"We continue to improve transactions in both the wholesale and retail segments to keep funding costs efficient," said Bank Mandiri's President Director, Darmawan Junaidi, on Tuesday (April 29, 2025).
Meanwhile, the loan-to-deposit ratio (LDR) increased from 89.66% in the first quarter of 2024 to 93.45%.
The company, with the stock code BMRI, recorded an 11.2% year-on-year growth in third-party funds (DPK), reaching Rp1,748 trillion, a lower growth rate compared to credit disbursement.
On the other hand, the gross non-performing loan (NPL) ratio remained at 1.01%, and the net NPL ratio at 0.35%. The company also strengthened its risk management by maintaining the NPL coverage ratio at 299%.
"Strengthening risk management is our main foundation to ensure Bank Mandiri's sustainable growth in the long term," said Darmawan.
Currently, the total assets of this state-owned bank reached Rp2,463.65 trillion in March 2025, a 1.5% increase from Rp2,427.22 trillion in December 2024.
Liabilities were recorded at Rp1,933.93 trillion and equity at Rp285.17 trillion in March 2025.