SMBC (BTPN) Disburses Rp191.8 Trillion in Loans in Q1-2026, Up 2%

Jakarta, CNBC Indonesia — PT Bank SMBC Indonesia Tbk (BTPN) recorded moderate credit growth in the first quarter of 2026, amid pressures from funding costs and lingering market volatility affecting the banking industry. The company’s loan disbursements reached Rp191.8 trillion, up 2% year-on-year (yoy). This achievement reflects a more selective expansion strategy, while maintaining asset quality in a market that is not yet fully stable. “This sustained credit growth reflects our selective and balanced approach amid market dynamics. We see strong contributions from business lines with good growth momentum, while making adjustments in certain segments,” said SMBC Indonesia’s President Director, Henoch Munandar, quoted from an official statement on Friday (24/4/2026). In terms of composition, credit growth was supported by the corporate and commercial segments, which increased 4.1% yoy. Jenius loans (excluding Digital Micro) also grew 12.0% yoy, in line with the strengthening of the digital customer base. Meanwhile, Grup OTO financing grew 5.0% yoy and BTPN Syariah rose 3.7% yoy. Henoch explained that this strategy aligns with a quality growth approach that emphasises the balance between expansion and risk management. Amid potential credit quality pressures, more measured growth is seen as key to sustaining performance. On the balance sheet side, the company’s total assets grew 4.1% yoy to Rp250 trillion. Increases also occurred in liquid assets, particularly from placements in securities. Meanwhile, low-cost funds (CASA) rose 40.6% yoy to Rp59 trillion, from Rp41.9 trillion in the same period last year. The CASA ratio also improved from 35.7% to 44.1%. “This increase in CASA strengthens the company’s funding structure and supports funding cost efficiency, allowing performance to remain sustainably maintained,” said Henoch. Contributions from subsidiaries also supported consolidated performance. BTPN Syariah recorded net profit of Rp319 billion, up 2.8% yoy, with financing of Rp10.6 trillion. Meanwhile, Grup OTO booked net profit of Rp113 billion, surging 45.5% yoy. Business diversification has become one of the supports for performance stability. Digital banking lines, sharia financing, vehicle financing, to corporate and commercial segments provide portfolio balance amid a fluctuating economic cycle. In terms of resilience, the company recorded a Liquidity Coverage Ratio (LCR) of 260.24%, Net Stable Funding Ratio (NSFR) of 122.71%, and Capital Adequacy Ratio (CAR) of 29.63%.