Bank Mandiri has officially announced the largest dividend payout in its history, approving a distribution of Rp 44.47 trillion—representing 79 percent of its 2025 net profit. This landmark decision was formalized during the Annual General Meeting of Shareholders (RUPST) held in Jakarta on Wednesday, April 29. The meeting also greenlit a share buyback program, approved changes to the board of directors and commissioners, and addressed several key strategic agendas.
The record-breaking dividend is drawn from a consolidated net profit of Rp 56.3 trillion for the 2025 financial year. This robust performance was fueled by strong fundamentals, highlighted by a 13.4 percent year-on-year (YoY) increase in credit distribution, reaching Rp 1,895 trillion, and a 23.9 percent growth in Third-Party Funds (DPK), which climbed to Rp 2,106 trillion.
Of the total payout, Rp 9.3 trillion was distributed earlier as an interim dividend on January 14, 2026, with the remainder scheduled for distribution following the RUPST. The total dividend per share (DPS) for the 2025 financial year stands at Rp 476.95, an increase from the previous year’s Rp 466.18. Based on the closing share price on the day of the RUPST, this translates to a dividend yield of 10.77 percent, ranking among the highest in the Indonesian banking sector.
Driving Economic Growth and Strengthening Shareholder Value
“This dividend reflects our commitment to delivering optimal value to the state and our shareholders, without compromising Bank Mandiri’s capacity to grow as a globally competitive national financial institution,” said Bank Mandiri President Director Riduan in his official statement.
Riduan emphasized that the decision signifies shareholder confidence in the bank’s long-term strategy. “This payout is a testament to our dedication to ‘Serving Wholeheartedly’ as a partner to the state and as a vital component of the Danantara ecosystem, strengthening the contribution of State-Owned Enterprises (BUMN) to the community.”
Strategic Share Buyback and Leadership Changes
The RUPST also approved a share buyback program with a ceiling of Rp 1.17 trillion, to be executed within 12 months, ending April 29, 2027. These shares will be held as treasury stock and utilized for employee, director, and non-independent commissioner stock ownership programs, in accordance with Financial Services Authority (OJK) regulations. This move is designed to reinforce investor confidence in the bank’s solid long-term prospects.
Regarding corporate governance, shareholders approved changes to the leadership structure. The bank officially bid farewell to Commissioner Muhammad Yusuf Ateh and re-appointed Timothy Utama as the Director of Operations.
The updated Board of Commissioners is as follows:
• President Commissioner/Independent Commissioner: Zulkifli Zaini
• Vice President Commissioner: Rudy Salahuddin Ramto
• Commissioner: Luky Alfirman
• Commissioner: Yuliot
• Independent Commissioner: Mia Amiati
• Independent Commissioner: Bintoro K. Pardewo
The updated Board of Directors is as follows:
• President Director: Riduan
• Vice President Director: Henry Panjaitan
• Director of Operations: Timothy Utama
• Director of Human Capital & Compliance: Eka Fitria
• Director of Risk Management: Danis Subyantoro
• Director of Commercial Banking: Totok Priyambodo
• Director of Corporate Banking: Mochamad Rizaldi
• Director of Consumer Banking: Saptari
• Director of Treasury & International Banking: Ari Rizaldi
• Director of Finance & Strategy: Novita Widya Anggraini
• Director of Network & Retail Funding: Jan Winston Tambunan
• Director of Information & Technology: Sunarto
*(Rudy Salahuddin Ramto’s appointment is effective following his success in the OJK fit and proper test and compliance with applicable laws.)
Sustained Momentum into 2026
Bank Mandiri’s financial strength has carried into the first quarter of 2026. The bank reported a consolidated net profit of Rp 15.4 trillion, a 16.6 percent YoY increase, maintaining a Return on Equity (ROE) of 22.1 percent and a strong Capital Adequacy Ratio (CAR) of 19.7 percent. Credit distribution reached Rp 1,530 trillion (up 17.4 percent YoY), while the gross non-performing loan (NPL) ratio remained stable at a healthy 0.98 percent.
Looking ahead, the bank remains a strategic partner to the government in national priority programs, including the Free Nutritious Meal program, the 3 Million Homes initiative, and the management of over 6,000 village cooperative accounts. “We will continue to strengthen our fundamentals, enhance governance, and expand our role as an Economic Engine for the nation under the Danantara umbrella. Every effort we make is aimed at contributing to a more prosperous and competitive Indonesia,” concluded Riduan.
Summary
Bank Mandiri has approved a record-breaking dividend distribution of Rp 44.47 trillion, representing 79 percent of its 2025 net profit, supported by strong financial fundamentals including a 13.4 percent growth in credit distribution. The Annual General Meeting also authorized a share buyback program of up to Rp 1.17 trillion and implemented changes to the bank’s board of directors and commissioners to strengthen corporate governance. This decision reflects the bank’s commitment to delivering shareholder value while maintaining its role as a key contributor to Indonesia’s national economic growth.
The bank continues to demonstrate solid financial momentum into 2026, reporting a 16.6 percent increase in net profit for the first quarter and maintaining healthy capital and non-performing loan ratios. Moving forward, Bank Mandiri remains a strategic partner in government initiatives such as the 3 Million Homes project and the Free Nutritious Meal program. These efforts align with the bank’s strategy to bolster its long-term prospects and support the nation’s economic development under the Danantara ecosystem.
