BMRI - Bank only profits grow 6.4% as of May 2024

BMRI - Bank only profits grow 6.4% as of May 2024 Bank Mandiri (BMRI) still managed to record positive performance throughout the first five months of 2024, even though it was faced with the challenge of high interest rates and the potential for increased credit risk. Launching the monthly report as of May, Saturday (29/6), Bank Mandiri posted a net profit on a bank only basis of IDR19.62 tn, growing 6.4% yoy. Profit growth was driven by an increase in operating income and also a decrease in provision expenses. (Source : Kontan)