Profits of Major Banks Grow, BRI and Mandiri Lead Performance

JAKARTA, KOMPAS.com - Indonesia’s major banks recorded positive performances in the first quarter of 2026. Net profits continued to grow. The group of banks with core capital (KBMI) IV remains the main pillar of the banking industry.

Banks in the KBMI IV category are those with core capital exceeding Rp70 trillion. This group consists of PT Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Mandiri (Persero) Tbk, PT Bank Central Asia Tbk (BCA), and PT Bank Negara Indonesia (Persero) Tbk (BNI).

Bank Mandiri recorded the highest year-on-year profit growth. Consolidated net profit reached Rp15.4 trillion, up 16.6%.

BRI achieved the largest nominal net profit. Profit reached Rp15.5 trillion, an increase of 13.74%. BNI and BCA recorded single-digit growth. BNI booked Rp5.68 trillion, up 5.04%. BCA recorded Rp14.7 trillion, up 3.8%.

BRI recorded a profit of Rp15.5 trillion. This figure improved from a 13.92% decline in the first quarter of 2025, which was Rp13.67 trillion. Performance was supported by net interest income and a reduction in interest expenses.

BRI’s interest income reached Rp52.83 trillion, up 5.94%. Interest expenses fell 9.31% to Rp12.68 trillion.

Credit disbursements reached Rp1,497 trillion, up 13%. Credit remained strong in the micro, small, and medium enterprise segment through Kredit Usaha Rakyat amounting to Rp47.09 trillion to 947,000 customers. Housing financing through Fasilitas Likuiditas Pembiayaan Perumahan reached Rp17.13 trillion to around 125,000 debtors.

Third-party funds at BRI reached Rp1,555 trillion, up 9.4%. The proportion of low-cost funds was 68.1%. Total assets rose 7.2% to Rp2,249 trillion.

Bank Mandiri recorded a profit of Rp15.4 trillion, up 16.6%. Performance was supported by credit growth and operational efficiency.

Credit reached Rp1,530 trillion, up 17.4%. Return on Equity was at 22.1%.

Third-party funds reached Rp1,675 trillion, up 21.1%. Low-cost funds reached Rp1,201 trillion, up 12.7%. The Cost to Operational Income Ratio fell to 58.0%.

Net interest income was recorded at Rp21.1 trillion. Total operational income reached Rp27.8 trillion, up 3.3%. Operational expenses amounted to Rp8.5 trillion.

Credit disbursements reached Rp994 trillion, up 5.6%. Low-cost funds reached Rp1,089 trillion, up 11.2%. The proportion of low-cost funds was 85.2% of total third-party funds of Rp1,292.4 trillion.