PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) has reported a net\nprofit of Rp31.2 trillion for the first half of 2026, representing a\n17.5% year-on-year increase from Rp26.53 trillion in the first half of\n2025. This achievement has exceeded market consensus expectations.<\/p>\n
This performance is closely linked to new growth engines that are\nshowing significant contributions to the group\u2019s performance. BRI\u2019s\nsubsidiary, PT Pegadaian, recorded a surge in profit during the first\nhalf of 2026 and now contributes more than one-fifth of the BRI Group\u2019s\nnet profit.<\/p>\n
In its latest research, BNI Sekuritas stated that Pegadaian\u2019s net\nprofit jumped 84% year-on-year to Rp6.6 trillion in the first half of\n2026. This growth was supported by credit expansion of 53% year-on-year\nand a net interest margin (NIM) that remained high at 18.2%.<\/p>\n
Pegadaian\u2019s business growth was primarily driven by an increase in\npawn loan disbursements, which grew 62% year-on-year. Additionally,\ngold-related products also recorded strong expansion.<\/p>\n
This performance has increased Pegadaian\u2019s contribution to the BRI\nGroup\u2019s profit. Currently, Pegadaian contributes more than 20% of the\nBRI Group\u2019s profit, affirming its increasingly vital role in supporting\nthe company\u2019s performance growth.<\/p>\n
However, BNI Sekuritas also highlighted a weakening in other\noperating income during the second quarter of 2026. Total other\noperating income, including contributions from gold sales, fell 6.1%\nquarterly and 0.5% annually to Rp13 trillion.<\/p>\n
Excluding gold sales, core operating income remained relatively\nstable quarterly but still declined 1.7% year-on-year to Rp12.4\ntrillion. This decline primarily stemmed from treasury-related income.\nTreasury income plummeted 82% quarterly and 81% annually to Rp248\nbillion, while profits from foreign exchange transactions turned\nnegative by Rp183 billion.<\/p>\n
Amidst these pressures, fee and commission income still recorded\npositive growth of 6.1% year-on-year. However, the recovery of\npreviously written-off assets fell by 2% year-on-year.<\/p>\n
Overall, BRI\u2019s non-interest income is still considered relatively\nweak. Gold sales provided support to the overall income figures, but\nhave not yet fully offset the decline in several other revenue\nsources.<\/p>\n
Nevertheless, the surge in Pegadaian\u2019s performance provides a\ndistinct advantage for the BRI Group. Aggressive credit growth, high\nmargins, and the expansion of pawn and gold-based businesses make\nPegadaian increasingly strategic for diversifying the group\u2019s revenue\nsources.<\/p>\n
Previously, during a virtual performance presentation last Monday,\nBRI Deputy President Director Viviana Dyah Ayu Retno Kumalasari stated\nthat the increasingly complete ecosystem of subsidiaries is also a\nsource of business strengthening for BRI.<\/p>\n
One of the most notable growth areas is seen in Pegadaian. Compared\nto 2021, Pegadaian\u2019s total assets have more than doubled to Rp185.8\ntrillion as of June 2026. Meanwhile, Pegadaian\u2019s financing has grown\nnearly threefold to Rp155.1 trillion. The number of customers or debtors\nserved also increased from 6.6 million to 9 million during the same\nperiod.<\/p>\n
According to Vivi, this growth demonstrates Pegadaian\u2019s expanding\nrole within the BRI Group\u2019s financial ecosystem. The BRI Group also\ncontinues to strengthen the gold ecosystem through Pegadaian. Currently,\nPegadaian offers integrated gold services, ranging from gold deposits,\ngold trading, safekeeping services, gold savings, gold instalments, to\ngold pawning.<\/p>\n
Vivi explained that as of June 2026, Pegadaian\u2019s gold deposits\nreached 2,229 kilograms (kg), while gold working capital financing\nreached 220 kg. Gold trading activities reached 9.5 tons, while gold\nsafekeeping services managed approximately 3.7 tons of gold.<\/p>\n
The Pegadaian gold ecosystem is also supported by gold savings\nbalances reaching 20.2 tons with a valuation of over Rp48 trillion.\nMeanwhile, gold instalment turnover reached 5.3 tons with a valuation of\nnearly Rp13 trillion, while outstanding gold pawn financing reached\napproximately 114 tons.<\/p>\n
\u201cThis gold business is not just product diversification, but part of\na strategy to expand the ecosystem of financial and investment services\nfor the Indonesian people, while simultaneously optimising Pegadaian\u2019s\nstrength as part of the Ultra Micro Holding,\u201d she said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bri-performance-surges-pegadaian-contributes-over-20-of-net-profit-1788335851", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }