Bank Mandiri posted a 16.7% year-on-year net profit increase, reaching IDR 8.9 trillion through February 2026 (10/03). This growth reflects strong business performance supported by rising customer activity and strengthened digital services.

Digital Transactions Surge via Livin’ by Mandiri

Novita Widya Anggraini, Finance & Strategy Director at Bank Mandiri, said, “Net profit grew 16.7% year-on-year to IDR 8.9 trillion through February 2026, driven by rising digital transactions via Livin’ by Mandiri, which also supported commission-based revenue growth.”

By February 2026, Livin’ by Mandiri recorded more than 738.7 million transactions since the start of the year, up approximately 28% YoY. The increase was driven by broader use of digital services for bill payments, product and service purchases, and fund transfers among individuals and businesses.

Strong Credit and Deposit Growth Support Business Fundamentals

Bank Mandiri’s credit distribution reached IDR 1,513.1 trillion, growing 15.7% YoY. Third-party fund (DPK) collection increased 16.3% YoY to IDR 1,644.8 trillion, reflecting sustained customer trust. The bank’s intermediation function remains strong, supported by active transactions through multiple digital and conventional channels.

Fee-Based Income and Operational Efficiency Drive Profitability

The growth in digital transactions also boosted fee-based income from Bank Mandiri’s platforms. Revenue from Livin’ by Mandiri increased 45.3% YoY to IDR 625 billion, while wholesale platform Kopra by Mandiri grew 29.3% YoY to IDR 421 billion. Net Interest Income reached IDR 13.7 trillion, up 9.16% YoY.

Operational efficiency improved, with the Cost-to-Income Ratio (CIR) falling to 37.21%, reflecting disciplined cost management and higher productivity.

Asset Quality and Risk Management Remain Robust

Bank Mandiri maintained strong asset quality, with a Non-Performing Loan (NPL) ratio of 0.98% and a coverage ratio of 246.5%. Novita stated that the bank will continue to strengthen integrated business synergies to accelerate sustainable growth and support the national economic ecosystem.

PHOTO: METRONEWS

This article was created with AI assistance.

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