BMRI - Credit syndication reached IDR67 tn

BMRI - Credit syndication reached IDR67 tn Bank Mandiri (BMRI) recorded managing a total syndicated credit of IDR67 tn with 38 transactions. Referring to Bloomberg Table League Reports data for the period 1 January - 21 December 2023, BMRI maintained its position as the first ranked Mandated Lead Arrangers (MLA) with a market share of 15.36%. According to the bank, despite the volume of syndicated loans in Indonesia experienced a decline, BMRI market share in Indonesian syndicated loans continued to grow 7.3% yoy. (Source: Bisnis Indonesia) Comment: We believe BMRI will continue to maintain its positioned and thus will overall support earnings growth going forward.