SeaBank Posts 288% Jump in Q1 2026 Net Profit, Serves Over 30 Million Customers

PT SeaBank Indonesia reported a net profit after tax of Rp375.6 billion, compared to Rp96.7 billion in the same period last year, a 288% increase. This surge in profitability was driven by improved operational efficiency and optimal asset utilisation.

SeaBank Indonesia’s Chief Executive Officer, Sasmaya Tuhuleley, stated that this achievement is a clear testament to the resilience of the digital bank’s business model in meeting the public’s financial needs.

“This growth reflects the tangible solutions we offer. SeaBank has become a trusted partner helping the public transact more easily and quickly. We will continue to maintain this momentum by introducing financial technology to create broader access for all segments of society,” Sasmaya said in a statement on 25 May 2026.

The effectiveness of SeaBank’s business is reflected in a significant rise in Return on Assets (ROA) to 4.01%. This indicates the bank is becoming more efficient in risk management and diversifying revenue streams as digital products become more integrated into customers’ daily activities.

As of March 2026, SeaBank’s total assets reached Rp49.7 trillion, up from Rp37.4 trillion in Q1 2025, a 33% year-on-year increase. This growth was supported by quality credit expansion and prudent liquidity placement in secure instruments.

In terms of Third-Party Funds (TPF), SeaBank recorded a 44.58% year-on-year growth to Rp39.1 trillion as of March 2026, from Rp27 trillion in Q1 2025. This achievement was driven by a dominant share of low-cost funds, specifically Current Account Savings Accounts (CASA), accounting for 69.10% of total TPF. The high proportion of low-cost funds demonstrates customer trust in SeaBank as their primary transaction hub.

Meanwhile, SeaBank’s loan disbursements grew by 40.83% year-on-year to Rp34.80 trillion, up from Rp24.71 trillion in the same period last year. The bank’s lending focuses on the individual retail segment through direct lending products and strategic partnerships with financing companies (multifinance) and lending partners. Additionally, SeaBank continues to maintain prudent risk management with a controlled Gross Non-Performing Loan (NPL) ratio of 1.56%.