PT Bank Negara Indonesia (BBNI) Q1 2025 earnings summary

Executive summary

• New leadership team appointed at the recent AGM to accelerate transformation, bringing deep experience in wholesale, retail, and treasury banking, with a focus on execution and operational depth.

• Strategic focus on digital transformation and strengthening funding base through digital platforms, driving deposit growth and customer engagement.

• Conservative approach to risk and liquidity management underpins business resilience amid global and domestic uncertainties.

• Net profit attributable to owners reached IDR 5,380 billion for Q1 2025, up from IDR 5,326 billion in Q1 2024, reflecting steady earnings growth.

• Total comprehensive income attributable to owners rose to IDR 6,098 billion from IDR 5,315 billion year-over-year.

Financial highlights

• Net interest income grew 4.7% year-on-year to IDR 9,834 billion, with 10.1% loan growth and 10.2% expansion in savings deposits.

• Total assets grew 7.5% YoY to IDR 1,146.6T; third-party funds rose 5.0% YoY to IDR 819.6T.

• Pre-provision operating profit and net income both grew 1% year-on-year; net profit rose to IDR 5.38T.

• NIM compressed from 4.8% in 2022 to 4.2% in 2024; 1Q25 NIM at 3.94%.

• CASA ratio improved to 70.5%; cost of funds stable at 2.8%.

Outlook and guidance

• Full-year 2025 guidance maintained for now, with FY25 loan growth guidance set at 8.0–10.0% YoY and 1Q25 achieving 10.1% YoY.

• Net interest margin guidance 4.0–4.2%, with 1Q25 at 3.94%; credit cost guidance ±1.0%, with 1Q25 at 0.9%.

• Cautious execution with additional liquidity buffers and selective lending; formal outlook update planned for July.