Indonesia · Delayed Price · Currency is IDR PT Bank Negara Indonesia (Persero) Tbk Earnings Call Transcripts
Fiscal Year 2026
-
PPOP reached a five-year high, driven by strong core business and robust loan growth, while asset quality improved and net profit rose 6.6% year-on-year. Funding cost pressures led to a downward revision in NIM guidance, with a more measured loan growth pace expected in H2.
-
Q1 2026 saw strong loan and CASA growth, robust capital, and prudent risk management despite macro headwinds. Operating income rose 12.3% year-on-year, net profit 5.2%, with conservative provisioning and cost management. Guidance remains unchanged amid global uncertainty.
Fiscal Year 2025
-
Resilient 2025 results featured strong CASA and loan growth, stable net interest income, and improved asset quality, despite margin pressure and higher provisioning. 2026 guidance targets 8%-10% loan growth, NIM of 3.5%-3.8%, and continued prudent risk management.
-
Loan growth reached 10.5% year-on-year, led by corporate and SME segments, while digital initiatives drove strong CASA and fee income growth. Asset quality remained stable, with NPL at ~2%, and cost of funds declined as liquidity improved. Full-year loan growth target of 8%-10% and credit cost of ~1% reaffirmed.
-
NIM fell to 3.8% in H1 2025 amid deposit competition, causing a 5.6% net profit drop year-over-year. Loan growth reached 7.1%, with strong CASA and digital engagement, while asset quality and capital ratios remain robust. Full-year NIM guidance was revised down, but loan growth and credit cost targets are maintained.
-
Net interest income rose 4.7% year-on-year with strong loan and savings growth, while asset quality improved and digital initiatives gained traction. Conservative risk and liquidity management continue amid global uncertainties, with full-year guidance to be revisited after Q2.
Fiscal Year 2024
-
Quarterly PPOP rose 9% year-on-year, with savings and loan growth outpacing the industry. Asset quality improved, NPL ratio fell below 2%, and digital initiatives like wondr drove higher customer engagement and savings growth.
-
Net profit reached IDR 16.3 trillion, driven by higher NIM, strong loan growth, and digital initiatives. Asset quality improved with lower loan-at-risk and increased write-offs of legacy loans. ESG and green financing advanced, with IDR 71 trillion in green loans.
-
Loan growth accelerated to 11.7% year-on-year, led by corporate and consumer segments, while funding costs declined and digital initiatives advanced. Asset quality improved, though SME loans remain a risk focus. Full-year guidance was raised, with NIM stabilization and further margin upside possible.