Maybank Indonesia (BNII) Reports Pre-tax Profit of Rp397 Billion

Jakarta, CNBC Indonesia - PT Bank Maybank Indonesia Tbk (BNII) maintained its performance amid rising global geopolitical pressures, reporting a pre-tax profit (PBT) of Rp397 billion for the first quarter of 2026. The bank also recorded attributable net profit (PATAMI) of Rp299 billion.

“In this environment, we have adjusted our expectations and focused on leveraging growth opportunities in retail and non-retail segments, corporate banking (GB), including Islamic banking, amidst ongoing quarter-long uncertainties. Moving forward, we will continue to capitalise on growth opportunities through the Whole of Maybank ecosystem while strengthening our core business in line with Maybank Group’s ROAR30 strategy,” said Maybank Indonesia President Director Steffano Ridwan on Friday (29 May 2026).

For reference, during Q1 2026, BNII recorded a net interest income (NII) of Rp1.81 trillion, a 2.1% increase. This was supported by lower interest expenses and improved funding composition. The net interest margin (NIM) remained stable at 4.3% year-on-year.

Global geopolitical pressures in Q1 2026 caused financial market volatility, impacting securities and foreign exchange trading activities in Global Markets (GM), leading to a drop in GM fee income to Rp20 billion.

Fee income outside GM also declined despite a 20.0% year-on-year rise in Premier Wealth fees and improved retail service fees. Consequently, non-interest income (NOII) fell 29.6% year-on-year to Rp402 billion. Gross operating income stood at Rp2.22 trillion compared to Rp2.35 trillion in the same period last year.

Conversely, operating expenses rose 4.5% year-on-year due to business activities. Pre-provision operating profit (PPOP) was Rp523 billion, while provisioning expenses fell 47.9% year-on-year to Rp123 billion, reflecting improved asset quality and prudent risk management.

For Q1 2026, Maybank Indonesia’s core business fundamentals remained strong, supported by credit growth across segments and improved funding profiles. However, declining non-interest income led to a 21.5% and 20.5% year-on-year drop in pre-tax profit (PBT) and PATAMI, respectively.

Asset quality also improved, with gross and net non-performing loan (NPL) ratios at 2.3% and 1.4% in March 2026, compared to 2.4% and 1.5% in March 2025.

BNII’s retail and non-retail CFS loans grew 5.4% to Rp88.33 trillion. Non-retail credit rose 7.1% year-on-year, driven by Business Banking (15.6%) and SME+ (12.3%). Retail CFS credit increased 4.1% year-on-year, supported by a 7.4% rise in auto financing from subsidiaries and 6.7% growth in consumer credit (credit cards and unsecured loans).

Global Banking (GB) corporate credit portfolio declined 12.4% year-on-year. However, Large Local Corporate (LLC) and Shariah Restricted Investment Account (SRIA) transactions showed improvements expected to be reflected in the next quarter.

As of March 2026, total disbursed credit stood at Rp121.99 trillion, while total assets rose 1.2% year-on-year to Rp192.17 trillion.

Customer deposits rose 6.1% year-on-year to Rp118.35 trillion, driven by a 37.5% increase in current accounts, while savings accounts fell 1.9%. Time deposits decreased 12.3% as the bank optimised funding composition and reduced funding costs. The current account savings account (CASA) ratio rose to 61.2% in March 2026 from 53.0% a year earlier.

Capital adequacy ratios stood at 26.3% for CAR and 25.2% for CET1. Liquidity remained healthy with a bank-only loan-to-deposit ratio (LDR) of 85.5%, liquidity coverage ratio (LCR) of 146.2%, and net stable funding ratio (NSFR) of 112.4%.

In Islamic banking, total financing grew 10.4% year-on-year to Rp32.23 trillion, driven by Community Financial Services (CFS) and Global Banking (GB) Islamic financing. CFS Islamic financing rose 10.4% to Rp23.16 trillion, while GB Islamic financing increased 10.3% to Rp9.07 trillion.

Non-retail CFS Islamic financing growth was supported by SME+ (39.1%) and Retail SME (RSME) (6.0%). Retail CFS Islamic financing rose 12.5% to Rp10.78 trillion, mainly driven by property financing (14.7%). Meanwhile, GB-LLC corporate financing grew 30.2% year-on-year.

Islamic financing accounted for 30.2% of the bank’s total financing portfolio (bank-only), with Islamic assets contributing 24.5% to total assets.

Through Islamic banking, Maybank Indonesia launched Indonesia’s first Shariah Restricted Investment Account (SRIA) solution. SRIA is designed to meet specific investor needs and participate in financing business entities. The bank acts as arranger, with outstanding SRIA transactions reaching Rp500 billion.

Total Islamic banking deposits grew 7.5% to Rp35.50 trillion, supported by a 28.8% year-on-year rise in current and savings accounts (CASA). Current accounts surged 60.1% to Rp14.22 trillion, while savings accounts rose 1.5% to Rp10.29 trillion. Time deposits fell 21.5% year-on-year as the bank optimised funding composition. The CASA ratio increased to 69.1% in March 2026 from 57.6% in March 2025.