"BMRI's share price even reached to a level of an all-time high of Rp10,900 per share on December 6, 2022," the bank’s president director, Darmawan Junaidi, informed at a virtual press conference, which was followed from Jakarta on Tuesday.
On an annual basis (year on year/yoy), as of December 2022, the increase in the price of BMRI shares 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.
"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, he informed.
In addition, the bank’s net interest income (NII), on a consolidated basis, swelled 20.3 percent yoy to Rp87.9 trillion in 2022. The increase helped maintain the net interest margin (NIM) ratio at an optimal level of 5.47 percent.
"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," he said.
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Translator: Cindy Frishanti Octavia
Editor: Sri Haryati
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