Bank Mandiri reported full-year 2024 consolidated net profit of IDR 55.8 trillion, an increase of 1.3% on the prior year, as loan growth of 19.4% offset pressure on the net interest margin. Non-interest income rose 4.1% to IDR 42.3 trillion, the bank disclosed in results published on Wednesday.
The fourth-quarter net interest margin was 4.95%, while the consolidated cost-to-income ratio was around 40%.
DIGITAL PLATFORMS LIVIN AND KOPRA
Livin, the retail super-app, and Kopra, the corporate digital banking platform, together generated a growing share of the bank's fee income during the year.
The NPL ratio fell to 0.97%.
NET INTEREST INCOME
Net interest income rose 6.1% to IDR 101.8 trillion.