Friday, 2 Syawwal 1442 / 14 May 2021

Friday, 2 Syawwal 1442 / 14 May 2021

Bank Mandiri posted net profit of Rp5.9 trillion in Q1 2021

Rabu 28 Apr 2021 02:35 WIB

Rep: Novita Intan/ Red: Elba Damhuri

Bank Mandiri collaborates with McDonald's for noncash transaction services. Bank Mandiri records a satisfactory performance in the first quarter of 2021.

Bank Mandiri collaborates with McDonald's for noncash transaction services. Bank Mandiri records a satisfactory performance in the first quarter of 2021.

Foto: Tahta Aidilla/Republika
The performance of a number of national banks in Indonesia shows a positive trend

 

JAKARTA -- The performance of a number of national banks in Indonesia shows a positive trend amid the corona virus pandemic.

Bank Mandiri (BMRI) posted a net profit of Rp5.9 trillion in the first quarter of 2021. Bank Mandiri's net profit is in line with profit before provision (PPOP) of Rp14.1 trillion, or grew 1.7 percent.

President Director of Bank Mandiri Darmawan Junaidi said one of the keys to the company's success generating performance at the beginning of this year, by paying attention to the leading sectors in each region that still have positive prospects and good quality.

The results of Bank Mandiri's performance in the first quarter of 2021 show that the company is on the right track to book better performance than the previous year.

"The key is the solidity of every element of the company in executing various business plans as well as strong support from customers and stakeholders to the company," Darmawan said during a virtual press conference, Tuesday (27/4).

Darmawan explained the company focuses on working on the business segment in a sustainable and prudent manner so that it can continue to contribute to the national economy. At the end of March 2021, Bank Mandiri recorded solid consolidated credit growth in the range of 9.1 percent of Rp984.8 trillion.

Bank Mandiri's lending was recorded at Rp779 trillion, supported by the wholesale segment that grew 0.18 percent to Rp513.9 trillion and the MSME segment grew 3.22 percent to Rp92.1 trillion.

This achievement continues to take into account the quality of financing, so that the consolidated non-performing loan NPL ratio is maintained at around 3.15 percent and the reserve to NPL ratio is more than 220 percent.

In the future, Bank Mandiri admits that it is optimistic that the development of the covid-19 vaccination program combined with various government and regulatory policy stimuli, including various social assistance programs for the community, will be able to revive the Indonesian economy from the tremendous pressure of the Covid-19 pandemic.

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