Bank Mandiri profit rises 19.64% to Rp46.52 trillion
Loans increased 16.5% year on year to Rp1,635 trillion, while the Indonesian bank's gross bad-loan ratio declined.
Bank Mandiri reported bank-only net profit of Rp46.52 trillion for the period through October 2026, an increase of 19.64% from Rp38.88 trillion a year earlier, according to its monthly performance report cited on 9 November.
Net interest and yield income helped lift earnings, rising 5.14% year on year to Rp67.74 trillion from Rp64.43 trillion. Lending reached Rp1,635 trillion, up 16.5%, with financing directed to sectors including government, energy and water, logistics, metal processing, and food and beverages.
The bank-only gross non-performing loan ratio fell to 0.97%, compared with 1.02% in October 2025. Coverage of non-performing loans stood at 244.5%, while the cost of credit was 0.55%.
In a statement dated 6 November, finance and strategy director Novita Widya Anggraini said Mandiri was taking a disciplined approach to sector selection and maintaining lending quality as credit expanded. She said funding strength and increased customer transactions supported consistent performance and economic activity.
Third-party deposits rose 15.1% to Rp1,762 trillion. Current and savings accounts increased 15.5% to Rp1,265 trillion, accounting for 71.8% of deposits. Current accounts grew 19.3% to Rp679 trillion, while savings climbed 11.3% to Rp586 trillion.
Novita also identified digital transactions as a growth driver. Wholesale platform Kopra by Mandiri had 455,000 users, up 48.6%, and recorded 1.32 billion transactions, an increase of 8.03%. Retail platform Livin' registered 43 million users, up 20.4%, while transactions rose 27.8% to 4.22 billion.
Fee income from Livin' increased 40.9%, while Kopra's rose 21.1%. Mandiri reported assets of Rp2,419.6 trillion, up 17.83% from Rp2,053.42 trillion a year earlier.
