• ADMF posted IDR 1.4T net profit in 2024
Adira Dinamika Multi Finance (ADMF) recorded a net profit of IDR 1.4T in 2024, lower than the
IDR 1.94T reported in 2023. ADMF revenue increased 5.06% yoy to IDR 9.98Tin 2024. However,
overall expense also increased to IDR 8.2T (+17.08% yoy). In terms of financing, Adira Finance
recorded new financing of IDR 36.6T in 2024, which is still dominated by the automotive
sector. In detail, around 80% is distributed to finance new vehicles and the remaining 20% is
given to buyers of used vehicles. For 2025, Adira Finance is also targeting an increase in new
financing distribution of above 12-14%. (Bisnis Indonesia)
• BMRI prepared IDR 1.17T for share buyback
Bank Mandiri (BMRI) had prepared funds worth IDR 1.17T for share buyback. BMRI
management stated that this buyback aims to strengthen confidence in the company’s longterm
value and prospects. Another objective is the transfer of shares resulting from the
buyback to implement a share ownership program for employees to encourage engagement
towards the sustainability of improving the company’s performance in the long term and/or
a share ownership program for directors and board of commissioners which is carried out as
an implementation of the long-term performance and risk-based compensation policy.
Buyback can be carried out up to 12 months from the date of the GMS which approved the
implementation of the Buyback which will be held on 25 Mar 25. (Kontan)
• BNLI credit distribution rose 9% yoy in 2024
Bank Permata (BNLI) reported a net profit of IDR 3.6T. This was in line with credit distribution,
which increased to IDR 155T (+9% yoy), mainly contributed by the corporate segment which
grew by 12% yoy to IDR 89T. Apart from that, growth was also driven by the commercial and
consumer segments, which grew by 6% and 4% yoy respectively. In line with credit
distribution, the company also recorded increasingly healthy asset quality with nonperforming
loan (NPL) and loan at risk (LaR) ratios of 2.1% and 7.9% respectively. This figure
has improved compared to last year which was 2.9% and 8.7%. BNLI maintains reserve
requirements for potential credit risk reduction conservatively, with an NPL coverage ratio
and LAR coverage ratio at levels of 375% and 97%, respectively. Bank Permata’s total assets
were recorded to have grown 0.6% yoy to IDR 259T with total deposits worth IDR 185T and a
low cost funds ratio (CASA) of 55%. NLI’s capital adequacy ratio (CAR) was 35% in 2024. (Bisnis
Indonesia)
