Bank Mandiri's Financial Performance Update: November 2025

Mixed Results as Year Ends

PT Bank Mandiri Tbk (BMRI) reported mixed financial results for November 2025. The bank's profit declined 6.41% year-on-year to Rp 44.15 trillion for the first eleven months of 2025 ¹

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Source 2

https://keuangan.kontan.co.id/news/kinerja-bank-mandiri-per-november-2025-laba-turun-64-yoy-bunga-naik-95

. However, the bank showed positive momentum with a 28.7% month-on-month increase in profit during November 2025, indicating potential recovery signs ¹

Source 1

https://keuangan.kontan.co.id/news/laba-bank-mandiri-turun-641-per-november-2025

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Strong Credit and Deposit Growth

Despite the profit decline, Bank Mandiri maintained robust growth in its core banking business. The bank's credit grew 13.1% YoY to Rp 1,452 trillion by November 2025, outpacing the industry average ³

. This growth was supported by a 15.9% YoY increase in third-party funds (DPK) to Rp 1,584 trillion. The bank's Loan to Deposit Ratio (LDR) remained optimal at around 91%, indicating healthy liquidity and capacity for further credit expansion ³

Source 3

https://keuangan.kontan.co.id/news/bank-mandiri-mencatat-kredit-tumbuh-131-jadi-rp-1452-triliun-hingga-november-2025

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Interest Income and Profitability

The bank's interest income grew 9.5% YoY to November 2025, providing a positive counterbalance to the profit decline ¹

. The pressure from interest expenses showed a decreasing trend, supporting the bank's net interest margin. Total assets reached Rp 2,120 trillion, up 14.6% YoY, demonstrating the bank's strong financial position ³

Source 3

https://keuangan.kontan.co.id/news/bank-mandiri-mencatat-kredit-tumbuh-131-jadi-rp-1452-triliun-hingga-november-2025

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Outlook and Implications

Bank Mandiri's performance in 2025 reflects both challenges and opportunities in the Indonesian banking sector. The bank's ability to maintain strong credit growth while managing its liquidity effectively positions it well for the coming year. The month-on-month profit increase in November suggests potential for improved performance in the final month of 2025.