Bank Mandiri Lowers Growth Target

TEMPO.CO, Jakarta - Bank Mandiri has lowered its profit target for 2015 to Rp 20 trillion in relation to the economic slowdown, which has forced the company to be extra careful in handing out credits.

Rohan Safas, Bank Mandiri Corporate Secretary, said that the company has set a 15 to 17 percent credit growth rate in its 2015 Bank Business Plan (RBB). However, after reviewing the country's economic performance in the first semester of 2015, the company was forced to lower its credit growth target to 13 to 15 percent.

"Profit has also been revised to a maximum growth of 10 percent. So at the end of the year, the maximum profit for Bank Mandiri will be Rp 20 trillion," Rohan said on Sunday, July 12, 2015.

Later on, the company will allocate 30 percent from its net profit for dividend payments, while the rest will be used to increase the bank's capital.

Based on Bank Mandiri's financial report, during the first quarter of 2015, the company had recorded a total consolidated bank capital worth Rp 101.41 trillion.

In the report, the company's core capital was recorded to be at Rp 89.68 trillion, while its supplementary capital was recorded at Rp 14.73 trillion.

BISNIS.COM