Bank Mandiri posts Rp46.5 trillion profit through October

Indonesia’s Bank Mandiri reported bank-only net profit of Rp46.5 trillion through October 2026, an increase of 19.6 per cent from a year earlier. In a statement dated 6 November, the bank attributed the result to lending growth and higher transaction-related income.

Loans reached Rp1,635 trillion, up 16.5 per cent year on year. The bank-only gross non-performing loan ratio fell to 0.97 per cent from 1.02 per cent in October 2025. Non-performing loan coverage stood at 244.5 per cent, while the cost of credit was 0.55 per cent.

Finance & Strategy Director Novita Widya Anggraini said the bank was selecting lending sectors carefully and maintaining financing quality. Sectors receiving financing included government, energy and water, logistics, metal processing, and food and beverages.

Customer deposits increased 15.1 per cent to Rp1,762 trillion. Current and savings accounts rose 15.5 per cent to Rp1,265 trillion, representing 71.8 per cent of deposits. Recurring fee-based income grew 19.8 per cent to Rp17.2 trillion, which Mandiri linked partly to increased customer transactions.

Mandiri also reported higher usage of its digital services. Corporate platform Kopra had 455,000 users, up 48.6 per cent, with transaction frequency rising 8.03 per cent to 1.32 billion. Registered users of retail app Livin’ increased 20.4 per cent to 43 million, while transaction frequency climbed 27.8 per cent to 4.22 billion. Commission income from Livin’ and Kopra rose 40.9 per cent and 21.1 per cent respectively.