PT Bank Mandiri (Persero) Tbk (FRA:PQ9)
€ 0.322 -0.006 (-1.83%) Market Cap: 31.84 Bil Enterprise Value: 28.73 Bil PE Ratio: 9.80 PB Ratio: 2.38 GF Score: 68/100
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Q1 2024 Bank Mandiri (Persero) Tbk PT Earnings Call Transcript

Apr 30, 2024 / 09:30AM GMT
Release Date Price: €0.378 (-7.80%)
Operator

You'll send your questions via e-mails afterwards, and we'll try our best to reply to your question as soon as we can. Now, to start, I would like to hand the presentation over to Pak Darmawan, our CEO. Please Darmawan.

Darmawan Junaidi;Persero;Tbk;President Director
PT Bank Mandiri

()-

Thank you, Leo. Ladies and gentlemen, allow me to start by going into the macroeconomic aspects that are shaping our current landscape. Overall, we see a relatively stable economic growth rate of 5.05% in 2023 and expect a similar rate of growth in 2024 as we expect a robust interplay of factors, including increased household spending and government expenditure.

Moreover, we still see a relatively stable inflation in first quarter 2024 at 3.05% level, in line with BI target. However, a weakening currency has post BI to increase the reference rate by 25 basis points to 6.25% level, which we expect to come back to 6% level towards the end of the year.

Moving to banking industry, tight liquidity environment remains

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