Performance Comparison of the Top 5 Himbara Banks: BRI, BNI, and Mandiri – Who is the Champion?

Performance Comparison of the Top 5 Himbara Banks: BRI, BNI, and Mandiri – Who is the Champion?

Jakarta, CNBC Indonesia - The performance of the national banking industry throughout the 2025 fiscal year shows adequate resilience amid various macroeconomic dynamics.

The five Himbara bank entities in Indonesia, which have a systemic role in maintaining financial stability, namely PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Syariah Indonesia Tbk (BRIS), and PT Bank Tabungan Negara (Persero) Tbk (BBTN), have published consolidated financial reports for the period ending December 31, 2025.

Overall, all five banks recorded positive fundamental performance, both in terms of profitability, asset expansion, and intermediation functions through the distribution of financing.

Operational efficiency and margin management are also maintained. To simplify the analysis, the details of the performance comparison of the five banks have been summarized in the following comprehensive table:

Dynamics of Net Profit in Banking

From a profitability perspective, the majority of entities in this group have successfully recorded stable year-on-year (YoY) net profit growth. Bank BTN recorded the highest percentage of profit growth, at 16.42% YoY, bringing the company’s consolidated net profit to IDR 3.50 trillion in 2025.

Progressive growth is also seen in BNI and BSI, which each booked profits of IDR 21.46 trillion, up 7.10% YoY, and IDR 7.57 trillion, up 8.02% YoY.

Meanwhile, Bank Mandiri recorded a net profit of IDR 56.29 trillion, growing slightly but steadily at 0.92% YoY. On the other hand, Bank BRI still holds the top position in nominal terms in the industry with a profit of IDR 57.13 trillion, although the annual percentage experienced a slight adjustment of 5.26% YoY.

Measured Total Asset Expansion

On the balance sheet side, all five entities consistently recorded measured expansion. Bank Mandiri strengthened its position as the financial institution with the largest assets in Indonesia, reaching IDR 2,829.95 trillion after recording a growth of 16.59% YoY.

The highest asset increase was recorded by BNI, with an increase of 20.52% YoY, so that its consolidated total assets reached IDR 1,362.05 trillion at the end of 2025.

BRI, BTN, and BSI also reported proportional total asset growth. BRI’s assets grew 7.10% YoY to IDR 2,135.37 trillion. Meanwhile, BTN’s total assets grew moderately to IDR 527.79 trillion, up 12.39% YoY, and BSI’s assets reached IDR 456.19 trillion, up 11.64% YoY.

This increase reflects the ability of national banks to manage liquidity effectively.

Credit Intermediation and Quality of Net Interest Margin (NIM)

The banking intermediation function appears to be running very well. This is evident from the credit distribution portfolio which recorded double-digit growth in all five banks. Bank Mandiri realized the largest financing distribution of IDR 1,849.97 trillion.

BRI followed with a credit portfolio of IDR 1,521.49 trillion. BNI, BTN, and BSI also showed strong credit expansion capacity with respective portfolio gains of IDR 899.53 trillion, IDR 400.58 trillion, and IDR 319.54 trillion.

In line with the credit distribution, the Net Interest Margin (NIM) ratio reflects how efficiently banks optimize the difference between productive assets and their funding costs.

BRI recorded the highest NIM ratio in the range of 7.74%, which is structurally supported by credit distribution in the micro segment which has higher returns. BSI and Bank Mandiri followed with competitive margins, each at equivalent levels of 5.30% and 5.15%.

On the other hand, BTN and BNI recorded NIM ratios of 4.20% and 3.80% respectively. These figures are a logical manifestation of the focus of their business models on low-risk credit such as the corporate segment and home ownership loans (KPR) which have long tenors.

Disclaimer: This article is a journalistic product in the form of CNBC Indonesia Research’s views. This analysis is not intended to encourage readers to buy, hold, or sell related investment products or sectors. The decision is entirely up to the reader, so we are not responsible for any losses or profits arising from that decision.

CNBC INDONESIA RESEARCH

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