PT Bank Mandiri Tbk (BMRI) has collected repatriation funds up to Rp27.5 trillion until the end of the tax amnesty program. About Rp 11.6 trillion of the funds have been invested in several financial instruments in the Mandiri Group.
Rohan Hafas, Corporate Secretary of Mandiri, said the majority of the repatriation funds was placed in time deposits and bonds amounting to Rp9 trillion and Rp1.4 trillion respectively.
“The rest is placed in mutual funds and the remaining Rp528 billion in insurance and non-financial investments,” said Rohan on Friday (3/31).
In addition to the repatriation funds, BMRI also received the redemption money amounting to Rp16 trillion. Mandiri has seen a downward trend of the amount of repatriation funds towards the end of the tax amnesty period. It shows that the taxpayers have invested the funds deposited in the bank during this time.