Bank Mandiri (BMRI) Considers Share Buyback Action

"Whatever the bank is abroad, for example in Singapore, it is in front of us and we are chasing it. When? The sooner the better," he concluded.

Previously, PT Bank Rakyat Indonesia Tbk (BBRI) had decided to conduct a buyback of the company's shares. The plan for this action was announced after the correction of its share price following the publication of the First Quarter 2024 Financial Report,

BRI's President Director Sunarso revealed that this step was taken to show confidence that the company's condition is better than what the market perceives.

Although the share price has fallen, BBRI recorded positive profit growth until the first quarter of 2024, as well as increased credit distribution, especially for the MSME segment.