PT Bank Negara Indonesia (BBNI) Q1 2026 earnings summary

Executive summary

• Delivered record core profit and solid first quarter 2026 results amid global macroeconomic volatility, supported by strong revenue growth, disciplined cost management, and prudent risk management.

• Transformation initiatives, including the BRAVE program, improved branch productivity, digital adoption, and CASA growth, enhancing operational efficiency.

• Asset quality improved, with gross NPL at 1.9% and LAR at 8.6%, supported by robust provisioning and conservative risk management.

• Capital adequacy remains strong, with CAR at 18.5% and CET1 at 16.1%, further strengthened by a successful USD 700mn AT-1 issuance.

• Total consolidated assets reached IDR 1,426.8 trillion as of March 31, 2026, up from IDR 1,362.1 trillion at year-end 2025.

Financial highlights

• Operating income grew 12.3% year-on-year, driven by strong loan and fee income growth; net profit increased 5.2% year-on-year to IDR 5.66 trillion.

• Net interest income rose 12.1% year-on-year to IDR 10.78 trillion; non-interest income up 13% year-on-year.

• CASA ratio at 66.5%, cost of funds improved to 2.49% (-26bps YoY); NIM at 3.6% (down 30bps YoY).

• Loan book expanded 20.1% year-on-year, funded by low-cost deposits, which grew 27%; time deposits surged 53% year-on-year.

• Total comprehensive profit for Q1 2026 was IDR 6.12 trillion, up from IDR 2.89 trillion in Q1 2025.

Outlook and guidance

• Full-year 2026 guidance maintained: loan growth 8%-10%, NIM 3.5%-3.8%, credit cost 1%-1.2%.

• OPEX growth budgeted below 7% YoY; focus on sustainable earnings and cost discipline.

• No changes to guidance despite macro uncertainty; stress tests indicate resilience even under severe scenarios.

• CAR at 18.53% and CET1 at 16.14% as of March 31, 2026, supporting future growth and risk absorption.