Indonesian corporations and banks initiate major share buybacks

share buyback Bank Rakyat Indonesia Bank Mandiri Barito Group Indonesian stock market

Several major Indonesian conglomerates and state-owned banks are implementing significant share buyback programs amid market fluctuations.

PT Bank Rakyat Indonesia (Persero) Tbk (BRI) has announced a second phase of its buyback plan, allocating up to Rp 1 trillion. The program is scheduled to run from October 22, 2026, to January 21, 2027, following OJK regulations regarding significant market volatility. BRI management stated the move aims to enhance shareholder value while maintaining a strong Capital Adequacy Ratio (CAR) of 21.42 percent.

In the private sector, Prajogo Pangestu’s Barito Group is preparing Rp 3.5 trillion for buybacks across four entities: PT Barito Pacific Tbk (BRPT), PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), and PT Petrindo Jaya Kreasi Tbk (CUAN). These buybacks are slated for completion between October 19 and December 31, 2026.

Additionally, PT Bank Mandiri Tbk (BMRI) has completed a buyback of 91.75 million shares, which were subsequently transferred to an employee share ownership program in June 2026. Bank Mandiri also reported distributing a total of Rp 50.63 trillion in dividends throughout the 2026 calendar year.

Entities

Indonesia · Otoritas Jasa Keuangan · PT Bank Mandiri Tbk · PT Bank Rakyat Indonesia (Persero) Tbk · Prajogo Pangestu

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] BRI's Capital Adequacy Ratio (CAR) was 21.42 percent as of June 30, 2026. www.industry.co.id
[○ 1 SOURCE] Prajogo Pangestu's Barito Group is preparing Rp 3.5 trillion for buybacks of four companies. katadata.co.id
[○ 1 SOURCE] PT Bank Rakyat Indonesia (Persero) Tbk plans a second phase buyback of up to Rp 1 trillion. www.industry.co.id
[○ 1 SOURCE] Bank Mandiri (BMRI) realized a buyback of 91.75 million shares. keuangan.kontan.co.id
[○ 1 SOURCE] The BRI buyback period is scheduled from October 22, 2026, to January 21, 2027. www.industry.co.id
[○ 1 SOURCE] Bank Mandiri distributed Rp 50.63 trillion in dividends during the 2026 calendar year. keuangan.kontan.co.id
[○ 1 SOURCE] The Barito Group buyback program runs from October 19 to December 31, 2026. katadata.co.id
[○ 1 SOURCE] Bank Mandiri's 2026 dividends included Rp 44.47 trillion for the 2025 fiscal year and Rp 6.16 trillion as an interim dividend. keuangan.kontan.co.id