PT Bank Mandiri ( (PPERY) ) has released its Q4 earnings. Here is a breakdown of the information PT Bank Mandiri presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
PT Bank Mandiri (Persero) Tbk, one of Indonesia’s largest financial institutions, provides a range of banking and financial services including consumer finance, corporate finance, and investment banking, and is known for its extensive network and strong electronic banking capabilities.
In its latest earnings report, PT Bank Mandiri announced a robust financial performance for the year ended December 31, 2024. The bank’s total assets increased to IDR 2.43 trillion from IDR 2.17 trillion in the previous year, reflecting solid growth in its core banking operations.
Key highlights from the report include a significant rise in net interest income which reached IDR 101.76 billion, up from IDR 95.89 billion the previous year, indicating effective interest rate management and lending strategies. Moreover, the bank’s net profit attributable to the owners of the parent company rose to IDR 55.78 billion from IDR 55.06 billion, showcasing strong profitability despite challenges in the macroeconomic environment. Additionally, PT Bank Mandiri’s consolidated liabilities also saw an increase to IDR 2.14 trillion, up from IDR 1.91 trillion in 2023, driven by higher deposit growth.
Furthermore, the bank maintained a strong capital base with equity attributable to owners reaching IDR 283.79 billion. This solid financial footing supports its strategic initiatives and positions PT Bank Mandiri well for future expansion.
Looking ahead, the management of PT Bank Mandiri remains optimistic about sustaining growth and enhancing shareholder value, leveraging its strategic initiatives and strong market position to navigate the evolving financial landscape.
