Bank Mandiri Reports Strong Credit and Deposit Growth in 2025

Double-Digit Expansion in Key Financial Metrics

Bank Mandiri (BMRI) has achieved significant growth in its core banking operations as 2025 approaches its conclusion. The bank's credit portfolio expanded by 13.1% year-on-year to reach Rp1,452 trillion by the end of November 2025 ²

. This performance exceeded the bank's initial target of 8-10% growth for the full year 2025 ¹

Source 1

https://keuangan.kontan.co.id/news/menakar-kinerja-perbankan-pada-akhir-tahun-2025

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Strong Deposit Growth and Liquidity Management

The bank also recorded robust growth in third-party funds (DPK), which rose by 15.9% YoY to Rp1,584 trillion. This strong DPK growth has helped maintain a healthy liquidity position, with the loan-to-deposit ratio (LDR) standing at approximately 91% ²

. The bank's total assets grew by 14.6% YoY to Rp2,120 trillion, reflecting its expanding financial capacity.

Operational Performance and Efficiency Measures

While the bank achieved strong growth in its lending business, net interest income growth was more moderate at 9.5% YoY. The bank faced challenges in managing interest expenses, although there was some relief in the fourth quarter as funding costs began to ease. The bank's management noted that funding costs have been improving since the second quarter of 2025 ²

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Diversified Income Streams and Digital Growth

Bank Mandiri demonstrated success in diversifying its income sources. Non-interest income grew by 12.1% YoY, driven by increased digital transaction volumes and optimized financial solutions. The bank's digital banking platform, Livin' by Mandiri, contributed significantly to this growth, with fee-based income from digital transactions rising by nearly 20%. The treasury business also showed strong performance, with fee growth of around 55% due to increased trading activity and customer services.

Asset Quality and Risk Management

The bank maintained robust asset quality, with the non-performing loan (NPL) ratio improving to 0.99% as of November 2025, down from 1.03% in September 2025. The coverage ratio stood at approximately 260%, providing a strong buffer against potential credit losses. This improvement in asset quality led to a significant reduction in provisioning expenses, which declined by 36% YoY.

Profitability and Future Outlook

The bank's net profit showed month-on-month growth of 28.7% in November 2025, supported by improved operational efficiency and better asset quality. The cost-to-income ratio (CIR) was maintained at 42.97%, reflecting effective cost management. Bank Mandiri's management remains optimistic about sustaining its performance through year-end, citing a strong business foundation and prudent liquidity management.