JAKARTA – Two prominent Indonesian state-owned banks, PT Bank Mandiri (Persero) Tbk. (BMRI) and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), are set to distribute their interim dividends in January 2026. This eagerly anticipated payout underscores the robust financial performance of these key players in Indonesia’s banking sector.
Bank Mandiri (BMRI) has declared an interim dividend totaling Rp9.3 trillion, translating to Rp100 per share. Investors wishing to secure this dividend must note the key dates: the cum dividend trading period for regular and negotiated markets concludes on December 30, 2025, while for the cash market, it extends to January 2, 2026. Conversely, shares will trade ex dividend starting December 31, 2025, for regular and negotiated markets, and January 3, 2026, for the cash market. The crucial recording date for eligible shareholders is set for January 2, 2026, with the dividend payment slated for January 10, 2026.
Similarly, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) will distribute an interim dividend of Rp137 per share for the 2025 fiscal year, accumulating to a total value of Rp20.63 trillion. For BRI shareholders, the cum dividend period in regular and negotiated markets ends on December 29, 2025, and on January 2, 2026, for the cash market. The ex dividend trading begins on December 30, 2025, for regular and negotiated markets, and January 5, 2026, for the cash market. The recording date for BBRI shareholders entitled to the interim dividend is January 2, 2026, with the actual payment scheduled for January 15, 2026.
Danantara Set to Receive Rp15.89 Trillion Windfall
Following these significant interim dividend declarations, Danantara Asset Management is poised to receive a substantial inflow, projected at a staggering Rp15.89 trillion in interim dividends from these two state-owned banking giants. This substantial sum highlights Danantara’s strategic positioning within the Indonesian financial landscape.
As the controlling shareholder for both BRI and Bank Mandiri, Danantara Asset Management, an entity under Danantara Indonesia, is the primary beneficiary of a significant portion of these interim dividends. As of November 2025, records from the stock administration bureau show Danantara Asset Management holding a commanding stake of 80,610,976,875 shares (equivalent to 53.18%) in BBRI and 48,533,333,333 shares (representing 52%) in BMRI. Cumulatively, the interim dividends from these two Himbara banks are set to deliver a monumental Rp15,897,037,165,175, or precisely Rp15.89 trillion, directly to Danantara Asset Management.
Beyond Danantara, Indonesia’s sovereign wealth fund (SWF), the Indonesia Investment Authority (INA), is also poised to benefit from Bank Mandiri’s interim dividend. INA holds a notable stake of 7,466,666,666 BMRI shares, entitling it to an interim dividend worth an impressive Rp746.66 billion. This payout further underlines the significant financial returns generated by these leading Indonesian banks for their major stakeholders.
Summary
Two prominent Indonesian state-owned banks, Bank Mandiri (BMRI) and Bank Rakyat Indonesia (BBRI), are scheduled to distribute interim dividends in January 2026, showcasing their strong financial performance. Bank Mandiri will pay Rp100 per share, totaling Rp9.3 trillion, with the payment set for January 10. Bank Rakyat Indonesia will distribute Rp137 per share, amounting to Rp20.63 trillion, with its payment scheduled for January 15.
Danantara Asset Management, as the controlling shareholder for both banks, is poised to receive a substantial Rp15.89 trillion in interim dividends. Additionally, the Indonesia Investment Authority (INA) will receive Rp746.66 billion from Bank Mandiri’s dividend distribution. These payouts underscore the significant financial returns generated for the major stakeholders of these leading Indonesian banks.
