Jakarta, CNBC Indonesia – PT Bank Mandiri (Persero) Tbk (BMRI) recorded a net profit in the first 9 months of this year or per September (Q3-2020) reaching Rp. 14.03 trillion, or a decrease of 30.7% compared to the same period last year of Rp. 20.25 trillion amid the Covid-19 pandemic.
Based on the Q3 performance exposure document submitted, this Monday (26/10/2020), Bank Mandiri recorded net interest income (net interest income/ NII) reached Rp 42.16 trillion, down 4.1% from Rp 43.94 trillion in the same period last year.
Total net interest margin (NIM) reached 4.68%, down 90 basis points bps) from 5.58% previously.
While non-interest income (non interest income) also edged down 0.3% to Rp 19.59 trillion from Rp 19.64 trillion previously.
Meanwhile, operating income decreased by 3.1%, reaching Rp 62.98 trillion from Rp 64.97 trillion. Meanwhile, the provision expense reached Rp 15.69 trillion, up 52.8% from the previous 10.27 trillion.
The total restructuring approved by Bank Mandiri as of September 30 reached Rp. 116.4 trillion pipeline IDR 127.7 trillion. This amount is 15.5% of Bank Mandiri’s total credit.
Of this amount, restructuring of retail customers reached Rp. 57.6 trillion, dominated by micro (KUM & KUR) of Rp. 20.5 trillion and for customers. wholesale reached Rp 58.8 trillion.
Gross NPL increased to 3.3% from 2.5% previously (up 80 basis points).
Throughout the 9 months of this year, Bank Mandiri credit disbursement reached Rp. 873.73 trillion or decreased by 3.7% year to date and grew by 3.8% year on year. In September 2019, Bank Mandiri’s credit reached IDR 841.86 trillion.
Total assets increase year to date 6.7% to IDR 1,406.66 trillion from December 2019, IDR 1,318.25 trillion.
Meanwhile, Third Party Funds (DPK) increased year on year to IDR 1,024.18 trillion from September 2019, IDR 891.24 trillion. The biggest growth in deposits was the current account (current account), which reached 33.1%.
In comparison, in the first semester, Bank Mandiri recorded a net profit of IDR 10.29 trillion, or a 23.95% drop from the first semester of 2019, which was IDR 13.53 trillion.
Meanwhile, the parent entity’s net profit combined with the non-controlling interests of Bank Mandiri reached IDR 10.55 trillion, down 24.53% from the same period the previous year IDR 13.98 trillion.