The share price of Bank Mandiri (BMRI) increased by 41.3-percent Year to Date (YtD) in 2022, with the shares closing the year at IDR 9,925 each, according to a report published by Antara News.
“BMRI’s share price even reached to a level of an all-time high of IDR 10,900 per share on December 6, 2022,” the bank’s President Director, Darmawan Junaidi, told reporters at a virtual press conference on Tuesday.
As of December 2022, the Year on Year (YoY) share price increase for BMRI outperformed the Indonesia Composite Index (IHSG) and other large banks in the aggregate.
According to Junaidi, BMRI’s solid share performance in 2022 was inseparable from the company’s business strategy for maintaining growth, say Antara News.
“Through an aggressive but prudent strategy, Bank Mandiri continues to pay attention to risks in the midst of a massive digital transformation so as to produce optimal performance,” he said.
Bank Mandiri’s bank-only Tier-1 return on equity (ROE) ratio reached a level of 22.62-percent, a significant increase of 638 basis points (bps) YoY in 2022, said Junaidi.
In addition, the bank’s net interest income (NII), on a consolidated basis, swelled 20.3-percent YoY to IDR 87.9-trillion in 2022. The increase helped maintain the net interest margin (NIM) ratio at an optimal level of 5.47-percent, report Antara News
“Bank Mandiri’s various digital initiatives have succeeded in having a positive impact on the company’s core business and have helped encourage Bank Mandiri to expand its role in the digital ecosystem market,” Junaidi said.
Source: Antara News
