Bank Mandiri shareholders retained Darmawan Junaidi as President Director at the Indonesian state-owned lender's annual general meeting in Jakarta on 25 March 2025, while replacing Vice President Director Alexandra Askandar with Riduan.
KUSWIYOTO TAKES COMMISSIONER CHAIR
The meeting also appointed Kuswiyoto, a former President Director of state pawnbroker Pegadaian, as President Commissioner and Independent Commissioner, replacing Muhamad Chatib Basri. Zainudin Amali was named Vice President Commissioner and Independent Commissioner. The other members of the board of commissioners are Luky Alfirman, Yuliot, Mia Amiati as Independent Commissioner, and Muhammad Yusuf Ateh.
The board of directors comprises Darmawan Junaidi, Riduan, M. Rizaldi (corporate banking), Totok Priyambodo (commercial banking), Ari Rizaldi (treasury and international banking), Jan Winston Tambunan (network and retail funding), Saptari (consumer banking), Novita Widya Anggraini (finance and strategy), Danis Subyantoro (risk management), Toni E. B. Subari (operations), Timothy Utama (IT) and Eka Fitria (human capital and compliance).
DIVIDEND AND BUYBACK
Shareholders approved a dividend of IDR 43.5 trillion, about 78 per cent of 2024 net profit, and a share buyback plan of IDR 1.17 trillion. Bank Mandiri reported consolidated net profit of IDR 55.8 trillion for 2024, up 1.31 per cent year on year, with consolidated loans rising 19.5 per cent to IDR 1,670.55 trillion.
The meeting had originally been scheduled for 12 March 2025 but was postponed to 25 March to accommodate the enactment of Indonesia's new state-owned enterprises law, which required amendments to the bank's articles of association. The agenda also covered approval of the annual report, remuneration, the appointment of the public accountant, an update to the action plan and the amendments to the articles.