Maybank Indonesia (BNNI) Records 265.1 Percent Profit Growth in Q1 2025

Illustration (Photo: Doc. ANTARA)

JAKARTA - PT Bank Maybank Indonesia Tbk (BNII) recorded a growth in profit after tax and non-controlling interest (PATAMI) of up to 265.1 percent to IDR376 billion.

Profit before tax (PBT) also jumped by 290.9 percent to IDR506 billion, supported by growth in interest income and an increase in non-interest income.

"The achievement of Profit Before Tax (PBT) in the first quarter of 2025 was supported by interest income from placement in the securities portfolio, a better average financing balance, and increased fee-based income during the period," said Maybank Indonesia President Director Steffano Ridwan as reported by ANTARA, Friday, May 2.

This profit surge occurred after significant provisions were made in the same period last year. Meanwhile, operating profit before provisions (PPOP) increased by 19.4 percent to IDR727 billion.

Steffano said this achievement was the result of a sustainable growth strategy and a focus on strategic financing.

In addition, the provision for impairment losses (CKPN) was successfully suppressed by 72.9 percent compared to the first quarter of last year.

Net interest income (NII) grew 1.4 percent, although the net interest margin (NIM) was corrected 20 bps annually to 4.3 percent.

Non-interest income or fee-based income jumped 54.3 percent to IDR571 billion, contributed by income from Global Market of IDR107 billion (up 309.5 percent) and other services such as wealth management and asset recovery.

In terms of financing, the Community Financial Services (CFS) segment recorded a growth of 10.4 percent to IDR83.78 trillion.

Specifically, non-retail financing grew 16.7 percent, driven by a significant increase in the commercial segment (25.4 percent) and SME+ (14.2 percent). Meanwhile, retail financing increased 5.9 percent to IDR46.54 trillion.

In the Global Banking segment, financing to large local corporations grew 31.4 percent. However, in total Global Banking financing fell 17.2 percent due to the bank's portfolio rebalancing strategy.

Furthermore, Steffano said that the total credit distributed by the bank reached IDR122 trillion, while assets rose 6.8 percent to IDR189.81 trillion.

The Non-Performing Loans (NPL) ratio improved to 2.4 percent (gross) and 1.5 percent (net). The capital adequacy ratio (CAR) remained strong at 25.7 percent.

On the same occasion, President Commissioner of Maybank Indonesia Dato' Khairussaleh Ramli stated that Maybank Indonesia has again increased its profitability, and at the same time demonstrated resilience and solid fundamentals amidst the global economic challenges throughout early 2025.

"Maybank Indonesia's positive performance in the first quarter of this year cannot be separated from the implementation of the M25+ strategy which has also driven strong growth across all lines of the bank's business," he said.

Meanwhile, Maybank Indonesia's sharia banking also recorded positive performance. The sharia unit's profit before tax grew significantly by 149.1 percent to IDR149 billion.

Total sharia financing increased by 15.8 percent to IDR20.98 trillion, with the sharia CASA ratio increasing to 57.6 percent.

Sharia-based CFS retail and non-retail financing recorded a growth of 15.8 percent to IDR20.98 trillion.

Sharia non-retail CFS financing increased by 25.7 percent driven by growth in the commercial, SME+ and RSME segments.

Sharia retail CFS financing also grew by 5.9 percent supported by solid performance in subsidiary automotive and property financing.

Sharia Banking Assets posted an increase of 0.7 percent to Rp41.52 trillion.

The total Sharia Banking assets contributed 23.5 percent to the bank's assets.

Overall, the first quarter results demonstrate Maybank Indonesia's success in navigating challenging market conditions through selective financing strategies, cost efficiency, and strengthening digital and sharia-based businesses.