Danamon Records 35% Net Profit Growth in First Quarter 2026

Jakarta, 29 April 2026 – PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), a member of MUFG, the global financial services group, today announced its consolidated financial and operational performance for and during the three-month period ended 31 March 2026 (“1Q2026”). Danamon recorded a 35% year-on-year growth in net profit for the period and a 12% growth in pre-provision operating income, compared to the same period in the previous year (“year-on-year”), after accounting for the impact of the implementation of PSAK 338.1. This profitability growth was supported by a 9% year-on-year growth in total consolidated loans and trade finance, as well as a 16% year-on-year growth in total consolidated deposits.

Nobuya Kawasaki, President Director of Danamon, explained, “Danamon has started 2026 with strong financial performance, recording growth in loan disbursements, fund raising, and profitability, while maintaining asset quality by prioritising prudent principles. With the strategic direction to Grow Together as One Financial Group, Danamon is committed to remaining a trusted financial solutions provider for customers and continuing to contribute to Indonesia’s economic growth.”

In terms of financial intermediation, as of 31 March 2026, Danamon booked total consolidated loans and trade finance of Rp216.2 trillion, growing 9% year-on-year. This growth was supported by 11% loan growth in the Enterprise Banking & Financial Institution business line, 9% in the SME Banking business line, 7% in the Consumer Banking business line, and 5% in the Adira Finance business line. On the funding side, Danamon booked total consolidated current accounts, savings accounts (current account and savings account or CASA) and deposits of Rp176.1 trillion, growing 16% year-on-year.

In terms of profitability, throughout 1Q2026 Danamon booked consolidated pre-provision operating profit (PPOP) of Rp2.6 trillion, growing 12% year-on-year. With an improvement of 13% year-on-year in the cost of credit, Danamon booked consolidated operating profit of Rp1.6 trillion. Consolidated net profit for the period in 1Q2026 was Rp1.1 trillion, growing 35% compared to the previous year. In terms of rentability, Danamon booked a net interest margin (NIM) of 7.6%.

This growth in financial intermediation and profitability was achieved with maintained asset quality. As of 31 March 2026, Danamon recorded a loan at risk (LAR) ratio of 8.2%, better by 2.4 percentage points compared to the previous year. The gross NPL ratio at the same time was 1.6%, 30 basis points better than the previous year. Danamon also recorded an NPL coverage ratio of 290.6%, an increase of 8.3 percentage points compared to the previous year.

1Q2026 Operational Performance Achievements

As Danamon continues to implement its strategic priorities, which include focus on a number of priority business ecosystems, as well as investments to strengthen core capabilities in digital banking, branding, human resources, and branch transformation, Danamon recorded solid operational performance throughout 1Q2026.

In the automotive ecosystem, Danamon recorded 36% year-on-year growth in synergy loan disbursements between Danamon and Adira Finance. This growth in the automotive ecosystem was supported by several key initiatives, particularly the support from Danamon together with Adira Finance and MUFG in organising the Indonesia International Motor Show (IIMS) Jakarta 2026 from 5-15 February 2026. At the event, more than 580,000 IIMS Jakarta 2026 visitors had the opportunity to utilise various financial solutions from Danamon, including KPM Prima, a collaborative financing product from Danamon and Adira Finance. At IIMS Jakarta 2026, Danamon recorded a 9% year-on-year growth in transaction volume.

Danamon customers continue to utilise various digital banking solutions offered by Danamon available through D-Bank PRO or Danamon Cash Connect. D-Bank PRO, Danamon’s digital banking application for retail customers, recorded a 31% year-on-year growth in the number of transactions and 39% growth in transaction value. Danamon continues to make several enhancements to the D-Bank PRO application to improve customer convenience, including through new features such as an integrated credit card onboarding experience, downloadable tax reporting features, and improvements to the user interface and experience (UI/UX). Danamon Cash Connect, Danamon’s digital banking application for corporate customers, recorded 24% year-on-year growth in the number of user customers, as well as 11% year-on-year growth in both the number of transactions and transaction value.

Danamon’s network spread across Indonesia is supported by regional offices that serve as centres for Danamon’s business activities in their respective regions. Throughout 1Q2026, Danamon organised various customer engagement events through its branches. These events included, among others, a Mini Travel Fair held in Pekanbaru, Riau, a market update seminar in Semarang, Central Java, and various celebrations of major holidays such as Chinese New Year and Eid al-Fitr.

Various Awards Received by Danamon Throughout 1Q2026

Throughout 1Q2026, Danamon received several awards, as recognition of Danamon’s commitment to always being a trusted financial solutions provider for customers:

• A series of awards at The 9th Infobank Satisfaction, Loyalty, and Engagement (SLE) Awards 2026 from Infobank, where Danamon won: Golden Champion In Satisfac