Swan.my.id - JAKARTA, Indonesia — Bank Mandiri's BMRI 8M26 performance remained strong through August 2026, with net profit rising 22.3% year on year to Rp37.5 trillion. The figure represents bank-only, unaudited results for the first eight months of the year.
The profit growth was supported by strong credit expansion and higher third-party funds. Bank Mandiri's outstanding loans reached Rp1,592 trillion, while third-party funds rose to Rp1,687 trillion. Both figures increased 17.6% from the same period a year earlier.
At the same time, asset quality remained under control. The bank reported a non-performing loan, or NPL, ratio of 1.00% as of August 2026. The NPL coverage ratio stood at 240.6%, providing another indication of the bank's credit risk management.
Bank Mandiri BMRI 8M26 Performance Shows Strong Profit Growth
Bank Mandiri's latest results continue the positive trend seen during the first half of 2026. In the first six months, the bank recorded net profit of Rp30.4 trillion, representing annual growth of 24.4%.
The eight-month result shows that earnings momentum remained positive despite moderating slightly from the first-half growth rate.
Several key financial indicators highlight the performance:
- Net profit: Rp37.5 trillion, up 22.3% YoY
- Loans: Rp1,592 trillion, up 17.6% YoY
- Third-party funds: Rp1,687 trillion, up 17.6% YoY
- Total assets: Rp2,358 trillion, up 20.7% YoY
- Fee-based income: up 12.9% YoY
- NPL ratio: 1.00%
- NPL coverage ratio: 240.6%
The figures are based on bank-only results and have not yet been audited. Therefore, they may differ from figures in the bank's consolidated financial statements.
Credit and Deposits Grow at the Same Pace
Credit growth was one of the main drivers behind Bank Mandiri's 8M26 performance.
As of August 2026, total loans reached Rp1,592 trillion. This represents a 17.6% increase compared with the same period in 2025.
Meanwhile, third-party funds also grew 17.6% to Rp1,687 trillion. The balanced expansion between loans and deposits helped support the bank's intermediation activities.
Bank Mandiri reported a loan-to-deposit ratio, or LDR, of 94.3%. The ratio reflects the proportion of collected funds that had been distributed through lending.
The composition of deposits also remained important. Savings reached Rp563 trillion, while current accounts stood at Rp623 trillion.
Combined, these two sources represented around 70.3% of total third-party funds. This proportion indicates a relatively strong contribution from low-cost funds, commonly known as CASA.
A higher CASA ratio can help banks manage funding costs more efficiently. However, investors still need to examine other profitability indicators before drawing conclusions about future performance.
Asset Quality Remains a Key Strength
Strong loan growth can create additional credit risks if asset quality deteriorates. So far, Bank Mandiri's reported numbers show that asset quality remained relatively stable.
The bank's NPL ratio stood at 1.00% as of August 2026. Meanwhile, NPL coverage reached 240.6%.
The coverage ratio indicates the extent to which provisions cover non-performing loans. A high coverage level can provide a buffer against potential credit losses.
However, historical asset quality does not guarantee future results. Economic conditions, borrower performance, interest rates, and industry developments can all influence credit quality.
Fee-based income also increased by 12.9% year on year. This growth points to continued contributions from banking services beyond traditional lending activities.
Digital Banking Ecosystem Continues to Expand
Digital services are another important part of Bank Mandiri's business development.
By August 2026, the Livin' by Mandiri retail banking application had reached 42.2 million users. Transaction frequency reached 3.32 billion transactions.
Meanwhile, Kopra by Mandiri, the bank's wholesale and business banking platform, recorded 385.3 thousand registered users. Its transaction frequency reached 1.05 billion transactions.
The expansion of these digital ecosystems can support customer engagement and transaction activity. In addition, digital channels may help strengthen the bank's broader intermediation and fee-based businesses.
Nevertheless, transaction growth should be viewed alongside profitability, costs, asset quality, and other fundamental indicators.
Bank Mandiri Approves Interim Dividend
Bank Mandiri also approved an interim dividend of Rp66 per share in September 2026.
The total value of the interim dividend reached Rp6.16 trillion. This followed the final dividend of Rp44.47 trillion for the 2025 financial year.
As a result, total dividends distributed by Bank Mandiri during 2026 reached Rp50.63 trillion based on the figures reported in the source material.
However, dividend yield depends on an investor's purchase price. Future dividend payments can also change based on financial performance and corporate decisions.
Therefore, the historical dividend figure should not be treated as a guarantee of future distributions.
BMRI Performance Comes as the Indonesian Market Gains Momentum
The latest Bank Mandiri results came as the Indonesian stock market showed stronger momentum in early September.
The Jakarta Composite Index, or IHSG, closed at 6,686.44 on September 8, 2026, gaining 1.01% during the session.
Banking stocks were among the sectors cited as supporting the index's movement during the period.
However, broader market strength does not automatically determine the future direction of BMRI shares. Stock prices can respond to interest-rate decisions, economic growth, market sentiment, global developments, and company-specific factors.
Because of that, investors should separate Bank Mandiri's operating performance from short-term stock-price movements.
What Investors Should Watch in BMRI
For investors following BMRI, the 8M26 figures provide several areas to monitor. However, one strong reporting period should not be viewed in isolation.
Key factors include:
- Profit growth: Watch whether earnings continue to expand in subsequent periods.
- Credit growth: Strong lending can support revenue but must be balanced with credit quality.
- NPL trends: Rising bad loans could pressure profitability and provisions.
- CASA: Low-cost funding remains important for managing funding expenses.
- Interest rates: Changes in Bank Indonesia's policy rate can affect banking margins.
- Digital transactions: Continued user and transaction growth could support the bank's ecosystem.
- Dividend policy: Future distributions depend on earnings and corporate decisions.
Investors can combine fundamental analysis with technical analysis when evaluating BMRI. Fundamental analysis focuses on business and financial health, while technical analysis examines price trends and market activity.
What the 8M26 Results Mean for BMRI Investors
The Bank Mandiri BMRI 8M26 performance presents a picture of continued business expansion.
Net profit rose 22.3% to Rp37.5 trillion. At the same time, loans and third-party funds both grew 17.6%. Total assets increased 20.7%, while fee-based income rose 12.9%.
Asset quality also remained relatively strong, with an NPL ratio of 1.00% and NPL coverage of 240.6%.
Nevertheless, these figures represent historical, bank-only, unaudited results. They should therefore be combined with later financial reports and broader economic indicators.
Investors should also consider their own financial goals, investment horizon, and risk tolerance before making decisions involving BMRI shares.
Conclusion
Bank Mandiri's 8M26 results show that the bank maintained solid growth through August 2026. Higher profit, expanding credit, stronger deposits, and controlled NPL levels supported the bank's overall performance.
The expanding Livin' and Kopra digital ecosystems also demonstrate continued growth in customer and transaction activity.
However, strong historical performance does not guarantee future returns. BMRI investors should continue monitoring financial statements, interest-rate conditions, credit quality, market sentiment, and dividend policy.
This article is for informational purposes only. It is not an invitation, recommendation, or investment advice to buy or sell BMRI or any other security. Every investment carries risk, and the value of an investment can rise or fall. Investors should conduct independent research and consider their financial circumstances before making investment decisions.