State-owned Bank Mandiri (BMRI) booked profit after tax of Rp41.2 trillion in 2022, grew 46.9% year on year (y/y), bigger than Bank Central Asia (BBCA). Unfortunate for BMRI because it has consistently been valued way below BCA. At the last quoted price, Bank Mandiri was not even half of BCA’s market value.To subscribe please click here
