Bank Rakyat Indonesia (BBRI) Q2 2025 earnings summary

Executive summary

• Indonesia's economic growth remains challenging, with stable inflation at 1.87% YoY in June 2025 and middle-lower segment purchasing power still below pre-pandemic levels.

• Retail funding and digital channel initiatives drove CASA growth, with BRIMO users up 21.2% YoY and transaction value up 25.5% YoY.

• Subsidiaries Pegadaian and PNM contributed strongly to loan and profit growth, offsetting margin and NPL pressures.

• Strategic transformation initiatives focus on lending, funding, operations, government programs, human capital, digitalization, and risk management.

• Asset quality challenges persist in the micro segment, but newer vintages show improving trends.

Financial highlights

• Net profit for 1H25 was Rp26.5Tn, down 11.2% YoY; PATMI at Rp26.3Tn, down 11.5% YoY.

• Total assets grew to Rp2,106.37 trillion as of June 30, 2025, up from Rp1,992.98 trillion at year-end 2024.

• Loans grew 6% YoY to Rp1,416.6Tn; deposits up 6.7% YoY to Rp1,482.1Tn, with CASA ratio at 65.5%.

• NIM was 7.76% in H1 2025, with an exit Q2 NIM of 7.84%.

• Pre-provision operating profit grew 2.2% YoY; fee and other operational income rose 10.4% YoY, with net gold fee income surging to IDR 800 billion.

Outlook and guidance

• Loan growth guidance for 2025 is 7–9%, but actual growth may end at the lower end or slightly below.

• NIM guidance is 7.3–7.7%, expected to be maintained.

• NPL ratio is guided at around 3% or slightly higher, with cost of credit expected at 3–3.2%, possibly ending at the higher end.

• Focus remains on retail funding, digital expansion, and asset quality improvement, especially in micro and small segments.

• Management expects to maintain a strong capital buffer and liquidity position, supporting business growth and risk management.