Citi Indonesia Posts Strong Credit and Third-Party Fund Growth in First Half of 2026

CITIBANK, N.A., Indonesia (“Citi Indonesia”) has reported sound financial results for the first half of 2026, driven primarily by sustained growth in lending and third-party fund gathering. Third-party funds grew 23.29% year-on-year to Rp72.6 trillion, supported by a 36.54% increase in current accounts to Rp60.4 trillion. This helped lift the low-cost-fund ratio to 83.23%, up from 75.16% in the same period last year. On the lending side, Citi Indonesia maintained positive momentum in the first half of 2026. Credit grew 8.05% year-on-year and 11.05% from the end of 2025, reaching Rp29.9 trillion while maintaining disciplined risk management and sound asset quality.

For the first half of 2026, Citi Indonesia posted a net profit of Rp994 billion. Profitability moderated due to market volatility affecting gains on the sale of financial assets. The bank maintained prudent cost management, with a cost-to-income ratio of 51.17%.

Citi Indonesia’s commitment to prudent risk management is also reflected in its asset quality, which remains very strong. The bank’s non-performing loan ratio was maintained at 0.19%. Its capital position remains solid, with a capital adequacy ratio of 31.43%, well above the minimum requirement. Liquidity was also very strong, with a liquidity coverage ratio of 276.26%.

“The results we achieved in the first half of 2026 affirm the resilience and competitiveness of the Citi Indonesia franchise. Solid funding and credit growth, as well as an NPL ratio maintained near zero, reflect the deep trust of our clients in Citi Indonesia’s institutional banking platform. We will remain fully committed to supporting client growth through our three interconnected core business lines—Banking, Markets, and Services—while navigating economic dynamics with confidence and prudence,” said Citi Indonesia CEO Batara Sianturi in Jakarta on Thursday (20/8).

Throughout the first half of 2026, Citi Indonesia’s Banking business continued to record positive performance, both in terms of revenue and asset growth. This performance underscores Citi’s ongoing commitment to providing comprehensive banking solutions for a diverse multi-sector client base, including local and multinational corporations, financial institutions, and public sector organisations.

In the Services business, Citi Indonesia recorded positive year-on-year growth in the second quarter of 2026, driven by a 16% increase in average balances and a 254% increase in commercial card usage. Through its digital working capital financing capabilities, including Simplified Trade Loan and eLoan, Citi helps clients simplify their working capital financing processes and banking operations, contributing to a 36% growth in working capital financing assets.

Citi also strengthened digital connectivity through Host-to-Host and API integration, with H2H connectivity up 2% and API up 50%, further enhancing secure, integrated, and efficient banking services. Continuing its support for the development of Indonesia’s capital market, Citi Indonesia’s Investor Services business actively collaborated with regulators on various key initiatives throughout the year.

Citi Indonesia’s Markets business continued to strengthen its presence in the foreign exchange and fixed income markets. Recognised as a trusted partner for corporate and institutional clients, the Markets business delivered strong performance throughout 2026, driven by significant client activity in foreign exchange and hedging solutions. The business recorded significant FX volume growth, reflecting increased client confidence and market leadership. These strong results were driven primarily by rising demand for sophisticated hedging strategies and foreign exchange services as clients navigate dynamic market conditions.

Citi Indonesia continued to leverage its leading platforms such as CitiFX Gateway/SFTP, CitiFX Pulse, CitiDirect, and CitiConnect to provide fully automated and integrated FX and payment solutions into client systems. These capabilities support clients in operating efficiently amid evolving market conditions.

Pioneering a new era of banking in Indonesia, Citi became one of the first banks in Indonesia to utilise AI technology through the launch of dedicated tools for all its employees. Through this initiative, employees can use a range of Citi AI tools, including Citi Stylus Workspaces and Citi Assist, designed to simplify work, improve productivity, and provide quick access to important information within Citi systems.

This AI adoption is central to Citi’s strategy to improve efficiency and productivity in the digital era, while strengthening its position as a primary banking partner for institutions with global needs. Beyond business performance, Citi Indonesia also continued to contribute positively to the communities in which it operates while promoting inclusive economic progress in Indonesia.

One key example is the ANDAL programme (Anak Muda untuk Dunia Kerja dan Wirausaha Digital yang Inklusif), a collaboration with the non-profit YCAB Foundation that began in early 2026. Funded by a grant from the Citi Foundation’s 2025 Global Innovation Challenge, the initiative aims to improve work readiness and digital economic opportunities for 2,500 young people, with a particular focus on underserved communities.