Flooring Guide by Cinvex – JAKARTA — PT Bank Mandiri (Persero) Tbk. (BMRI), one of Indonesia’s largest state-owned banks, has officially reported a significant share repurchase agreement (repo) transaction. This strategic move involved the acquisition of 155,000 of the company’s shares on January 9, 2026, at a price of Rp4,800 per share.
According to the share ownership report submitted to the Financial Services Authority (OJK) on January 15, 2026, this transaction was classified as an indirect share purchase, primarily intended for investment purposes. The individual behind this acquisition is Timothy Utama, a prominent member of Bank Mandiri’s Board of Directors, currently serving as the Director of Operations for the state-owned banking giant.
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Following this transaction, Timothy Utama’s ownership in Bank Mandiri saw a notable increase. His shareholding grew from 10,334,300 shares, equivalent to 0.0111% of the company, to 10,489,300 shares, with his voting rights climbing marginally to 0.0112%. The disclosure further clarified that these repo shares are classified as common stock. Crucially, the report also emphasized that Timothy Utama is not a controlling shareholder, meaning this transaction will not impact Bank Mandiri’s overall control structure.
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From a trading perspective, Bank Mandiri’s shares experienced a significant surge on Thursday, January 15. BMRI stock closed up an impressive 150 points, or 3.10%, reaching Rp4,990 per share. Throughout the trading session, BMRI opened at Rp4,840 per share, briefly touching an intraday high of Rp5,075, and trading within a range of Rp4,830 to Rp5,075.
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This robust market performance pushed BMRI’s share price well above the reported repurchase transaction price of Rp4,800 per share. Currently, Bank Mandiri boasts a substantial market capitalization of Rp444.10 trillion, with a price-to-earnings (P/E) ratio of 9.04 times. Additionally, BMRI’s dividend yield stands at 4.34%, with a quarterly dividend payout of Rp54.14 per share. Over the past year, the bank’s shares have traded within a range of Rp4,010 to Rp6,300 per share, reflecting its dynamic presence in the financial market.
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Summary
Timothy Utama, Bank Mandiri’s Director of Operations, completed an indirect share purchase for investment on January 9, 2026. He acquired 155,000 BMRI shares at Rp4,800 per share, increasing his total ownership from 0.0111% to 0.0112%. Importantly, he is not a controlling shareholder, so this transaction does not affect the bank’s overall control structure.
Following this disclosure, Bank Mandiri’s shares closed up 3.10% at Rp4,990 per share on January 15, exceeding the repurchase price. The bank maintains a significant market capitalization of Rp444.10 trillion. BMRI also has a P/E ratio of 9.04 times and a dividend yield of 4.34%, reflecting its strong market presence.