PT Bank Negara Indonesia (BBNI) Q4 2025 earnings summary

Executive summary

• Achieved resilient performance in 2025 with strong loan growth of 15.9% YoY, fully funded by a 28.9% CASA increase, despite margin pressure from five central bank rate cuts totaling 125 bps, ending at 4.75%.

• Net profit attributable to owners for 2025 was IDR 20.04 trillion, down 6.6% YoY, impacted by prudent provisioning and lower NIM.

• Digital initiatives drove significant growth: mobile banking users up 27% YoY, transaction frequency up 36% YoY.

• Improved asset quality with loan at risk at 8.5% and NPL at 1.9%.

• Positioned for sustainable growth with strong capital and liquidity metrics.

Financial highlights

• Total assets grew 20.5% YoY to IDR 1,362.1 trillion; third-party funds rose 29.2% YoY to IDR 1,041 trillion.

• Net interest income was stable at IDR 40.48 trillion; non-interest income increased 5.2% YoY to IDR 24.6 trillion.

• NIM compressed to 3.8% from 4.2% last year; cost of funds improved to 2.5% in Q4 2025.

• Operating expenses rose 6%, mainly from digitalization and transaction-related investments.

• Provisioning charges increased 18.4% due to conservative risk management.

Outlook and guidance

• 2026 loan growth projected at 8%-10% YoY, with NIM guidance of 3.5%-3.8%.

• Credit cost expected at 1%-1.2% for 2026, with lower write-offs anticipated.

• Cost-to-income ratio expected to remain stable, with OpEx growth capped at 7%.

• Dividend payout ratio targeted at 65%, subject to shareholder approval.

• The financial statements reflect the adoption of new insurance contract standards (PSAK 117) effective January 1, 2025.