Indonesia · Delayed Price · Currency is IDR PT Bank Rakyat Indonesia (Persero) Tbk Earnings Call Transcripts
Fiscal Year 2025
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Total assets and loans grew strongly in 2025, with robust CASA and digital gains, though net profit declined due to absence of prior year one-offs. Asset quality is stabilizing, and 2026 guidance targets 7%-9% loan growth, resilient margins, and high dividend payout.
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Asset and deposit growth remained strong in Q3 2025, but net profit declined year-on-year due to one-off items and elevated credit costs. Asset quality pressures persist in micro and SME segments, though proactive restructuring and digital initiatives support recovery.
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Asset and loan growth remained solid in H1 2025, with strong CASA and digital transaction gains, but net profit declined due to one-off items and asset quality pressures in micro and SME segments. NIM and capital ratios remain robust, with cautious guidance for loan growth and credit costs.
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First quarter 2025 saw asset growth, improved NIM, and stable asset quality, but net profit declined due to higher credit costs. Guidance for 2025 remains unchanged, with a focus on digital transformation, retail funding, and micro segment recovery.
Fiscal Year 2024
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Stable macro conditions and strong profitability in 2024 were offset by micro asset quality challenges, leading to slower loan growth and elevated credit costs. 2025 guidance targets improved loan growth, stable NIM, and continued focus on asset quality, with front-loaded provisions expected in Q1.
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PPOP rose 15.9% quarter-on-quarter, net profit grew 2% year-on-year, and asset quality improved with NPL ratio down to 2.9%. Loan growth slowed but is expected to pick up in Q4, while cost of credit remains a key focus.
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First half 2024 saw 11.2% loan growth, strong corporate lending, and a 1.1% rise in net profit, despite asset quality pressures in the micro segment. Cost of credit remains elevated, with aggressive restructuring underway and guidance maintained for the year.