Indonesia · Delayed Price · Currency is IDR PT Bank Negara Indonesia (Persero) Tbk Earnings Call Transcripts
Fiscal Year 2026
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Core profit before provisioning rose 14.5% year-over-year to a five-year high, driven by strong loan and fee income growth. Asset quality improved, but higher provisioning led to net profit growth of 6.6%. NIM guidance was revised down due to rising funding costs.
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First quarter 2026 saw strong operating income and loan growth, with prudent provisioning and capital management amid global volatility. CASA and digital adoption drove funding strength, while stress tests confirmed resilience under severe scenarios.
Fiscal Year 2025
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CASA growth outpaced loans, supporting stable net interest income despite margin pressure. Asset quality improved, but net profit declined 6.6% due to higher provisioning. 2026 guidance includes 8%-10% loan growth, NIM of 3.5%-3.8%, and continued focus on digital and risk management.
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Disciplined expansion into SME and digital banking drove double-digit loan and CASA growth, while asset quality remained stable despite consumer segment pressures. Lower funding costs and strategic use of government liquidity support margin resilience and growth targets.
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NIM declined to 3.8% and net profit fell 5.6% year-over-year amid intense deposit competition, but strong CASA growth, robust asset quality, and digital initiatives support a positive outlook. Loan growth guidance remains at 8%-10% with stable credit costs expected.
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Net interest income rose 4.7% year-on-year with strong loan and savings growth, while asset quality improved and digital initiatives drove deposit gains. Cautious liquidity and risk management are in place amid global trade and currency uncertainties.
Fiscal Year 2024
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PPOP and savings grew strongly year-on-year, with digital initiatives driving customer engagement and funding mix improvements. Asset quality and capital ratios strengthened, while conservative guidance is set for 2025 amid funding and macroeconomic challenges.
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Net profit rose to IDR 16.3 trillion, driven by improved NIM, strong loan growth, and low credit costs. Digital initiatives and SME export programs fueled CASA and fee income growth, while asset quality and ESG lending continued to strengthen.
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Strong loan growth and improved funding costs drove a positive Q2 2024 turnaround, with corporate and consumer segments offsetting SME weakness. Asset quality improved, NIM stabilized at 4%, and guidance was raised for full-year loan growth.