SMBC Indonesia consolidated profit rises 40.3 per cent in first half
PT Bank SMBC Indonesia Tbk recorded a consolidated net profit after tax attributable to the owners of the parent entity of Rp1.4 trillion in the first half of 2026, representing a 40.3 per cent increase year-on-year, which included the results from the transfer of pension credit portfolios. Meanwhile, the bank-only net profit after tax for SMBC Indonesia grew by 86 per cent year-on-year to Rp1.066 trillion during the same period.
In a statement in Jakarta on Friday, the President Director of SMBC Indonesia, Henoch Munandar, stated that the first-half 2026 performance reflects the company’s commitment to continuously building a stronger business foundation to ensure healthy and sustainable growth amidst domestic and international economic dynamics, as well as within the banking industry. “We continue to strengthen our business fundamentals so that the company can grow in a healthy and sustainable manner. Every strategic step is directed towards maintaining a balance between performance achievement and the creation of added value to ensure the lives of all stakeholders become more meaningful together,” said Henoch.
Total consolidated assets of SMBC Indonesia grew by 4.7 per cent year-on-year to Rp245.5 trillion at the end of June 2026. Meanwhile, consolidated credit disbursement reached Rp185.3 trillion as of the end of June 2026. This credit distribution was supported by growth in several key business segments, including corporate and commercial credit which rose by 12.8 per cent year-on-year, credit in the digital-savvy segment through Jenius services (excluding Digital Micro) by 9.9 per cent year-on-year, and financing from PT Bank BTPN Syariah Tbk (BTPN Syariah) by 8.7 per cent year-on-year. Additionally, financing from the OTO Group increased by 5.8 per cent year-on-year.
Alongside the growth in business activities, Bank SMBC Indonesia recorded consolidated operating income of Rp8.6 trillion in the first half of 2026, consisting of net interest income of Rp7.5 trillion and other operating income of Rp1.0 trillion. On the other hand, SMBC Indonesia’s consolidated credit costs fell by 14.8 per cent year-on-year to Rp2.1 trillion, in line with the implementation of careful and proactive credit risk management by maintaining adequate provisioning levels to preserve portfolio quality.