Maybank Indonesia Focuses on Improving Business Quality, Achieves These Profits

Jakarta, CNBC Indonesia - PT Bank Maybank Indonesia Tbk (Maybank Indonesia) announced its consolidated financial performance for the Year 2025 ending December 31, 2025. The bank booked a Profit Before Tax (PBT) of IDR 2.22 trillion, up 38.9% compared to the previous year.

Net profit after tax and non-controlling interests (PATAMI) increased by 48.5% to IDR 1.66 trillion, supported by continuously decreasing provision expenses and better cost management.

Net interest income (NII) increased by 1.6% year-on-year (Y-o-Y), supported by the implementation of disciplined risk-based pricing, as well as a shift in the funding composition to more efficient funding. The net interest margin (NIM) was recorded at 4.3% in 2025.

Non-interest income (NOII) also grew by 8.1%, mainly supported by improved Global Markets income of IDR 441 billion, as well as income contributed from asset recovery and wealth management.

As a result, the bank recorded a Gross Operating Income/GOI of IDR 9.55 trillion, or an increase of 3.1% Y-o-Y.

Overhead expenses were kept under control with an increase of only 2.4% compared to 8.5% in the previous year. This was achieved through ongoing efforts to optimize the bank’s operational costs. The operational efficiency ratio (BOPO) was recorded at 86.3%.

Overall, Profit Before Provisions (PPOP) grew by 4.8% Y-o-Y to IDR 3.10 trillion. Then, provision expenses decreased by 28.7% compared to the previous year, in line with prudent credit management and lower impairment charges in 2025.

The achievements made by Maybank Indonesia throughout 2025 mark the completion of the implementation of the bank’s three-year M25+ transformation strategy, which focuses on strengthening business fundamentals, improving organizational capabilities, and achieving sustainable growth. Through five business pillars that are implemented in an integrated manner, the M25+ strategy strengthens the bank’s operational structure and business model, and builds a more solid foundation to maintain resilience and support the creation of long-term value.

Financial Performance

In the fourth quarter of 2025, the bank recorded a Profit Before Tax (PBT) of IDR 922 billion, an increase of 22.1% compared to the fourth quarter of 2024. This increase was mainly supported by the growth of non-interest income, which increased by 3.0%, contributed by Global Markets and wealth management.

On a quarterly basis, PBT in the fourth quarter of 2025 increased by 72.7% compared to the third quarter of 2025. This achievement was driven by the growth of NII by 2.7% and NOII by 23.8% compared to the previous quarter.

From the intermediation side, Maybank Indonesia’s non-retail credit grew by 5.2% Y-o-Y, supported by the growth of commercial credit (Business Banking) by 11.6%. Small and Medium Enterprise (SME+) credit increased by 6.6%, while Retail SME (RSME) credit decreased by 1.3%.

Retail credit grew by 5.2% Y-o-Y, supported by automotive credit growth of 8.6% and retail consumer financing (Credit Cards and KTA) growth of 5.4%. Property ownership credit (KPR) was relatively stable with a growth of 0.2%.

Overall, retail and non-retail credit managed by the bank through Community Financial Services (CFS) grew by 5.2% Y-o-Y to IDR 87.17 trillion.

In December 2025, the total credit disbursed by the bank was recorded at IDR 123.64 trillion, down 3.1% Y-o-Y due to the rebalancing of the Global Banking (GB) corporate credit portfolio, which recorded a decrease of 18.4% Y-o-Y.

However, GB’s Large Local Corporates (GB-LLC) segment recorded a growth of 13.1% on a quarterly basis. The momentum of growth in the GB-LLC segment will continue to be the bank’s focus going forward. Total assets were recorded at IDR 193.72 trillion, down 1.8% Y-o-Y, in line with the decline in credit balances.

Sustainable financing for the KKUB amounted to IDR 21.23 trillion, supported by an increase in environmentally friendly transportation financing of 131% Y-o-Y and renewable energy financing growth of 499% throughout 2025.

From the funding side, Giro and savings (CASA) grew by 6.3% Y-o-Y, driven by the growth of giro by 12.0% along with the increase in the number of financial transactions through the M2E platform (corporate customers) by 11.7% to more than 5 million transactions.

Savings recorded a decrease of 3.3%, but the number of transactions through the M2U platform (retail customers) increased by 23.4% to more than 30 million transactions.

Meanwhile, time deposits decreased by 12.1% in line with the bank’s continued focus on optimizing a more efficient funding structure. The CASA ratio increased to 57.6% in December 2025 from 52.9% in December 2024.

As of December 2025, the total customer deposits were recorded at IDR 116.19 trillion, down 2.4% Y-o-Y.

Asset quality continues to improve with a Non-Performing Loan/NPL ratio of 2.2% (gross) and 1.3% (net) in 2025, improving from 2.7% (gross) and 1.4% (net) in 2024. The NPL balance decreased by 19.5% in 2025.

Meanwhile, the bank’s capital remains strong with a Capital Adequacy Ratio/CAR of 27.3% and a Common Equity Tier 1/CET1 ratio of 26.1%.

Meanwhile, the bank’s liquidity remains at a healthy level, with a Bank-only Loan-to-Deposit Ratio/LDR of 90.3%. The Bank-only Liquidity Coverage Ratio/LCR was recorded at 175.8%, well above the minimum requirement of 100%. Then the Bank-only Net Stable Funding Ratio/NSFR is at 112.4%.

Islamic Banking

Maybank Indonesia’s Islamic Banking recorded an increase in PBT of 104.0% to IDR 847 billion in 2025, supported by a decrease in Profit Sharing for Investment Fund Owners, thus encouraging an increase in Income After Distribution of Profit Sharing by 16.5%.

With other operating income increasing by 2.1%, the Gross Operating Income of Islamic Banking increased by 13.9% and provision expenses decreased.

Non-retail financing grew by 8.1% Y-o-Y, supported by the growth of the SME+ segment financing by 27.7%, Retail SME (RSME) financing by