PT Bank Negara Indonesia (BBNI) Q4 2025 earnings summary

Executive summary

• Focused on strengthening funding base and prudent risk management amid margin pressure and lower rates, with consolidated total assets reaching IDR 1,362.1 trillion as of December 31, 2025.

• CASA grew 29%, outpacing 16% loan growth; net interest income stable year-over-year.

• Net profit for 2025 was IDR 20.04 trillion, down 6.6% year-over-year due to margin compression and higher provisioning.

• Asset quality improved: loan at risk at 8.5%, NPL at 1.9%.

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

Financial highlights

• Loan growth reached 15.9% YoY (core growth 9.8% excluding a large facility), within guidance.

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

• NIM for 2025 was 3.8%, above guidance, with Q4 exit NIM at 3.9%.

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

• Provisioning charges increased 18.4% year-over-year, reflecting conservative risk management.

Outlook and guidance

• 2026 loan growth projected at 8%-10%, led by SOEs and key sectors (telecom, infrastructure, natural resources, manufacturing).

• NIM guidance for 2026 is 3.5%-3.8%, reflecting margin pressure from large low-yield loans and competition.

• 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%.

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