Bank Mandiri saw its securities financing transaction exposures surge 117% in the second quarter of 2026, reaching 98.06 trillion rupiahs and pulling the Indonesian lender’s Tier 1 leverage ratio down to a record low.
Exposures Grew and Lowered Tier 1 Leverage Ratio
- Securities financing transaction exposures climbed by 52.84 trillion rupiahs, or $3 billion, quarter on quarter.
- Derivatives exposures grew 67%, adding 16.45 trillion rupiahs over the same three-month period.
- The combined balance sheet shifts contributed to a drop in the bank’s Tier 1 leverage ratio to its lowest level on record.
Quarterly Surge in Financing Exposures
Data from Risk.net indicates that during the second quarter of 2026, Bank Mandiri experienced a 117% quarter-on-quarter spike in its securities financing transaction exposures more than, bringing the total to 98.06 trillion rupiahs. That increase amounted to 52.84 trillion rupiahs, or $3 billion. Securities financing transactions cover arrangements such as repurchase agreements and securities lending where cash or securities are borrowed against collateral.
Piqmarkets.com noted that derivatives exposures also rose in the same quarter by 67%, or 16.45 trillion rupiahs. According to Risk.net’s findings, the growth of these specific portfolio elements played a direct role in pushing the Indonesian financial institution’s Tier 1 leverage ratio down to an all-time low. Neither report provided the specific numerical level of the Tier 1 leverage ratio or the exact size of its decline.
Growing Positions Drive Record Low Tier 1 Leverage Ratio
The simultaneous growth in both securities financing and derivatives positions points to heightened balance sheet utilization during the period. Risk.net stated that the SFT exposure increase contributed to a drop in the Tier 1 leverage ratio to its lowest level on record.
| Exposure Type | Q2 2026 Increase | Total Q2 2026 Volume |
|---|---|---|
| Securities Financing Transactions (SFT) | 117% (52.84 trillion rupiahs / $3B) | 98.06 trillion rupiahs |
| Derivatives Exposures | 67% (16.45 trillion rupiahs) | Not Disclosed |
While the reports detailed the absolute growth figures in rupiah and dollar terms, the exact percentage point drop of the Tier 1 leverage ratio remains undisclosed in the available data. The scaling of these asset classes highlights shifting liquidity management strategies for the lender through the middle of 2026.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
