REPUBLIKA.CO.ID, JAKARTA — Bank Mandiri announced a share buyback plan worth as much as Rp 1.17 trillion. The decision was approved at the 2025 Annual General Meeting of Shareholders (AGM) as part of the company's strategy in optimizing investor confidence as well as maintaining the stability of the stock price in the market.
Bank Mandiri's President Director, Darmawan Junaidi, reiterated that this move reflects optimism towards the company's long-term prospects supported by solid business fundamentals and continued growing financial performance.
“This decision also shows strong support from shareholders to management to accelerate the company's business expansion plan,” explained Darmawan in Jakarta, Tuesday (25/3/2025).
Stock buybacks become a strategy often used by issuers to increase value for shareholders as well as reduce the potential volatility of stocks in the market. The move also signals that the company has strong liquidity and high confidence in the growth of its business.
In addition to share buybacks, Bank Mandiri also distributed jumbo dividends of Rp 43.51 trillion or 78 percent of its 2024 net profit which reached Rp 55.8 trillion. Bank Mandiri's capital adequacy ratio (CAR) after this corporate action is projected to remain strong in the range of 19-20 percent, confirming the company's capacity to continue expanding.
Amid the challenges of the global economy, Bank Mandiri remains optimistic about its executed business strategy. “In line with the economic growth momentum, we are optimistic that Bank Mandiri's performance will continue to improve. In the future, we will continue to spur the development of Bank Mandiri's business and services in order to meet the expectations of all stakeholders of the company,” Darmawan added.
With solid fundamentals and a measured business strategy, these share buybacks are expected to further enhance the attractiveness of BMRI shares in the capital markets as well as strengthen investor confidence in Bank Mandiri's long-term growth.
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