<\/p>\n
Net interest income and PPOP both weakened in Q2 compared to Q1.<\/p>\n
Bank Mandiri faces net interest margin (NIM) pressure and intensifying competition, according to UOB Kay Hian (UOBKH).<\/p>\n
The Indonesian bank\u2019s earnings grew 24.4% year-on-year (YoY) in H1 2026, but net interest income and pre-provisioning operating profit (PPOP) weakened in Q2 compared to Q1 amidst ongoing margin compression, said UOBKH analyst Posmarito Pakpahan.<\/p>\n
\u201cLooking ahead, earnings growth is likely to normalise amid persistent NIM pressure<\/p>\n
from tighter system liquidity and intensifying funding competition,\u201d Pakpahan said.<\/p>\n
The evolving role of state-owned enterprises (SOE) banks in supporting government policy could increase uncertainty over Bank Mandiri\u2019s long-term profitability and capital allocation, Pakpahan said.<\/p>\n
\u201cWe also remain watchful of the Agrinas loan programme as repayments begin in<\/p>\n
Q3 2026, which should provide greater clarity on its underlying credit risk,\u201d he said.<\/p>\n
Competition is another risk for the bank, with UOBKH noting that current account and savings account (CASA) only rose by 5.7% YoY in Q2, whilst time deposits surged 54.4% YoY.\u00a0<\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Net interest income and PPOP both weakened in Q2 compared to Q1. Bank Mandiri faces net interest margin (NIM) pressure and intensifying competition, according to UOB Kay Hian (UOBKH). The Indonesian bank\u2019s earnings grew 24.4% year-on-year (YoY) in H1 2026, but net interest income and pre-provisioning operating profit (PPOP) weakened in Q2 compared to Q1…<\/p>\n","protected":false},"author":1,"featured_media":6502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/Mandiri-Jakarta-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/Mandiri-Jakarta-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/Mandiri-Jakarta-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/Mandiri-Jakarta.jpg",1200,800,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=6501"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6501\/revisions"}],"predecessor-version":[{"id":6503,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6501\/revisions\/6503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/6502"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=6501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=6501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=6501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}