Bank Mandiri (BMRI) aimed to raise fresh funds by issuing bonds worth Rp3.5 trillion in third quarter (Q3) this year, used to meet the required recovery plan due to its designation of systematically important banks. BMRI reported a 44% jump in quarterly net profit as it slashed provisions for bad loans and fee-based income climbed. Mandiri’s first-quarter net profit stood at Rp5.9 trillion, up from Rp4.1 trillion a year ago. Mandiri lowered its provisioning costs by 29% from a year earlier, while net interest income rose by 3.2% and fee-based income rose nearly 15%.