- Bank Mandiri was named Indonesia’s Best Corporate, Investment and Wholesale Bank in TAB Global’s World’s 100 Best CIW Banks Ranking 2025, citing its digital capabilities, institutional mandates, and Basel III–aligned governance.
- Kopra by Mandiri drove strong institutional transaction-banking growth in 2025, with transaction volume and value up year-on-year and nearly 300,000 corporate registrations by September.
- Corporate and investment lending expanded rapidly while asset quality stayed strong, with investment credit above IDR 254 trillion (+42% YoY), corporate NPL at 0.38%, and cost of credit at 0.07%.
- Despite wholesale momentum and a high corporate CASA mix, consolidated profit fell in H1 and Q3 2025 as net interest margins compressed and costs rose.
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Bank Mandiri’s recent recognition by The Asian Banker as Indonesia’s leading CIW bank in 2025 reflects the culmination of several strategic strengths: its innovation in transaction banking platforms, strong corporate credit growth, disciplined risk management, and growing institutional mandates. The evidence points to Kopra by Mandiri as a keystone asset: it is increasingly central to delivering wholesale banking services via digital cash management, trade-finance, and supply-chain solutions, with both volume and value up significantly year-on-year. This suggests Bank Mandiri has built a scalable, digital backbone that drives both efficiency and customer acquisition in its corporate and institutional segments.
The bank’s core credit metrics in the corporate segment are very strong. Investment credit rose over 42 % YoY to exceed IDR 254 trillion by September 2025, while the NPL ratio in corporate lending remained at an exceptionally low 0.38 % and cost of credit fell to 0.07 %. These metrics underscore healthy asset quality and suggest Mandiri’s risk protocols (including Basel III alignment and ESG integration) are yielding dividends in both profitability and trust from institutional clients.
On the funding side, Mandiri’s third-party funds (DPK) in the corporate segment reached IDR 324 trillion, with CASA composition of over 81 % (IDR 262 trillion) by late 2025. Such high CASA ratios naturally contribute to lower cost of funds and support net interest margins, helping cushion the bank amid margin pressures.
However, challenges persist. While corporate banking is driving strong growth, overall profit in H1 2025 slipped nearly 8 % YoY, and Q3 2025 saw a 9.2 % year-on-year profit decline. Net interest margins have been under pressure, operational expenses rising, and though loan growth outpaces peers, the slowing growth in deposits and tight liquidity raise risk. So while Mandiri is executing well on CIW strategy, the retail side and expense management require more attention to maintain overall bank profitability.
Strategic implications for Mandiri include: maintaining investment in digital ecosystem tools like Kopra and Livin to deepen penetration; guarding CASA ratio especially in corporate segments to preserve funding costs; expanding ESG-linked financing and regional cross-border mandates; and managing cost growth and margin compression through efficiency improvements. Open questions include how Mandiri will address slowing retail growth, whether competitive pressures in corporate and wholesale—especially from foreign banks or fintechs—will intensify, and how macroeconomic volatility (interest rates, FX, regulatory changes) might affect risk and funding.
Supporting Notes
- Bank Mandiri received the “Indonesia’s Best Corporate, Investment and Wholesale Bank” award in the inaugural WORLD’S 100 Best CIW Banks Ranking 2025 by TAB Global, announced at Sibos in Frankfurt, Germany.
- Kopra by Mandiri’s institutional client performance in Q2 2025: volume up 23 % YoY, transaction value up 19 % YoY.
- Corporate investment credit over IDR 254 trillion with 42 % YoY growth as of September 2025.
- Corporate NPL ratio maintained at 0.38 %; cost of credit dropped to 0.07 % in corporate business segment.
- Third-party funds in corporate segment of IDR 324 trillion; CASA composition at 81 % (IDR 262 trillion) by September 2025.
- Bank Mandiri’s consolidated loans as of end-2024: Rp 1,670.55 trillion, up 19.5 % YoY; corporate loans Rp 913.3 trillion, up 25.5 %.
- Consolidated net profit of Rp 55.8 trillion in 2024, up 1.31 % YoY; improvements in asset quality: LAR down to 6.81 %, NPL at 0.97 %, coverage ratio 304 %.
- Profit drop of ~9.2 % YoY in Q3 2025; loan growth of 11 % YoY; net interest income up ~4.9 %, non-interest income up ~8 % YoY; margin and cost pressures rising.
- In H1 2025, assets up 11.4 % YoY to Rp 2,514.68 trillion; consolidated loans up 11 %, outperforming the industry average of 7 %. But net profit fell about 7.9 % YoY in that period.