Amar Bank Posts Record Profit of Rp71.12 Billion

PT Bank Amar Indonesia Tbk (Amar Bank) posted a net profit of Rp71.12 billion in the first quarter of 2026, the highest in the company’s history. The performance was supported by credit growth that exceeded the national banking industry average and improved asset quality. In line with this performance, Amar Bank distributed a cash dividend of Rp110.1 billion, or Rp6.11 per share, as decided at the Annual General Meeting of Shareholders (RUPST) held in Jakarta on Thursday (18/6/2026). According to the company’s report, gross lending grew 30.62 percent year-on-year to Rp4.16 trillion. This credit growth drove total assets up 34.72 percent to Rp6.93 trillion. President Director Vishal Tulsian said the credit growth reflects rising demand for digital financial services, particularly in the retail and micro, small, and medium enterprise (MSME) segments. ‘This positive performance achievement in the first quarter of 2026 is proof of Amar Bank’s consistent strategy in providing safe and trusted digital financial solutions for the retail and MSME segments. Our credit growth, which has surpassed the industry average, demonstrates the public’s strong trust in the digital financial solutions we offer,’ Vishal said in a press statement on Friday (19/6/2026). On the revenue side, Amar Bank recorded operating income of Rp527.76 billion, up 13.82 percent compared to the same period last year. Net interest income (NII) rose 15.58 percent to Rp370.20 billion. The company’s credit quality also improved, with the net non-performing loan (NPL) ratio declining to 0.86 percent in March 2026 from 1.48 percent in the same period the previous year. Senior Vice President Finance David Wirawan said the profit increase was also supported by operational efficiency and stronger capitalisation. ‘This all-time high profit achievement proves our operational efficiency and effective capital management, reflected in a strong CAR ratio of 99.17 percent. The 115.46 percent year-on-year surge in third-party funds also successfully optimised our cost of funds,’ David said. In a public presentation, Amar Bank outlined its business focus for the year, which includes digital technology development, expansion of embedded banking services, and strengthening financing for the retail and MSME segments. As of Q1 2026, the digital lending platform Tunaiku had disbursed cumulative financing of more than Rp19 trillion since 2014 and reached over 500,000 MSME players in Indonesia. Director of Information Technology and Operations Kevin Kane said embedded banking services are a source of new customer growth, with partnerships with various digital platforms bringing in around 10,000 new customers and an active user rate of 41.09 percent. Beyond expanding digital services, Amar Bank is also increasing support for the creative economy sector, including through involvement in the Jakarta Film Week Market to strengthen financing access for national creative industry players.