Jakarta, July 30, 2025 – PT Bank SMBC Indonesia Tbk (SMBC Indonesia) posted continued growth in the first half of 2025, navigating global economic headwinds with resilience. The bank recorded higher operating income and credit disbursement across its retail and corporate portfolios.

Henoch Munandar, President Director of PT Bank SMBC Indonesia Tbk, said, “SMBC Indonesia continues to maintain its business resilience amid dynamic market challenges in recent times, both domestically and internationally.” 

"The achievements in the first half of 2025 motivate us to continue the second half of the year with a focus on consistent operational performance, prudent risk management, and effective business integration. In this way, we can continue to create more meaningful growth for every customer segment and the greater public."

The consolidated financial statements for January-June 2025 has taken into account the financial performance of PT Oto Multiartha (OTO) and PT Summit Oto Finance (SOF), or the OTO Group–part of SMBC Indonesia. By contrast, in the same period of 2024, only the April to June performance of the OTO Group was included. Meanwhile, balance sheet has been consolidated since March 2024, as the acquisition was finalized in late March 2024. 

According to the report, SMBC Indonesia achieved operating income of Rp9.1 trillion, up 11% year-on-year (yoy). 

Net interest income rose 15% yoy to Rp8 trillion, supported by strong contributions from lending, liquid asset placements, and the OTO Group. This performance highlights SMBC Indonesia’s resilience in the face of high interest rates during the period.

The growth in net interest income corresponded with an improved net interest margin (NIM), which rose to 7.1% in June 2025 from 6.4% a year earlier, taking into account the OTO Group’s contributions after the acquisition. SMBC Indonesia continues its efforts to maintain net interest margin amid competitive rates, cost of fund, and market volatility

SMBC Indonesia also successfully disbursed loans totaling Rp185.04 trillion, up 5% yoy. Retail loans were the primary growth driver, rising 25% yoy, supported by significant contributions from Joint Finance (156%), Jenius (excluding Digital Micro) at 15%, Micro at 21%, and the OTO Group at 7%. Meanwhile, corporate and commercial lending rose 4%, while SME lending declined by 2%.

SMBC Indonesia recorded a 52%-yoy increase in credit costs, reaching Rp2.6 trillion. This rise is contributed by the allocation of loan coverage in the Corporate and Joint Finance segments. SMBC Indonesia is committed to implementing prudent and proactive credit risk management amid ongoing credit expansion, including the allocation of adequate reserves to ensure sustained asset quality.

Total third-party funds stood at Rp109.8 trillion, down 8% yoy. The decline was driven by a 9%-yoy decrease in current and savings account (CASA) balances to Rp43.7 trillion and a 7%-yoy drop in time deposits to Rp66.1 trillion. SMBC Indonesia will continue initiatives and efforts to improve the bank’s capabilities, products and services in providing investment and transaction solutions for customers to optimize its CASA and funding costs management.

SMBC Indonesia posted Rp1 trillion in consolidated net profit after tax for the first half of 2025, down 19% compared to the same period last year. The decline was attributed to rising credit costs. Operating expenses rose 9% yoy, while operating income recorded a 11%-yoy increase. 

Meanwhile, SMBC Indonesia’s subsidiary, PT Bank BTPN Syariah Tbk (BTPN Syariah) contributed to SMBC Indonesia’s overall performance with a net profit of Rp644 trillion, up by 16,6% yoy in the first half of 2025.

Jenius Records Strong Performance in Supporting Financial Inclusion

Jenius, SMBC Indonesia’s life finance solution for digitally-savvy consumers, reported solid results in the first half of 2025. Registered users reached 6.1 million as of June, up 7% yoy, driven by efforts to expand access to practical and inclusive banking solutions for more consumers.

Jenius also saw third-party funds grow by 15% yoy, reaching Rp31.3 trillion. This reflects its continued efforts to promote financial inclusion and expand access to digital banking.

Additionally, Jenius posted strong results in credit distribution. Total credit disbursed by Jenius rose 13% yoy to Rp3.5 trillion, covering a range of products including Flexi Cash, Digital Micro, Jenius Credit Card, and Paylater. This reflects the strength of Jenius’ strategic efforts to broaden the reach of its digital financial offerings to the public.

In the first half of 2025, Jenius strengthened its position as a leading player in Indonesia’s digital banking space through a series of new innovations. Notable launches included the Secondary Market Bond Investment Product, the Jenius Additional Credit Card (s-Card), Cash Cow, and Pay & Save.

The Daya Program Continues to Drive Sustainable Growth and Community Development

SMBC Indonesia continued to generate meaningful and sustainable impact for the wider community through the Daya Program. From January to June 2025, nearly 4.8 million participants benefited from the Daya Program through 4,782 empowerment activities.

SMBC Indonesia’s involvement in the Entrepreneur Hub Financial 2025 program reinforces its commitment to promoting sustainable economic growth in Indonesia. Held in collaboration with the Ministry of SMEs and Agung Podomoro University, the initiative aims to broaden SME access to financing and strengthen business competitiveness in a rapidly evolving market.

In this program, SMBC Indonesia contributes both as a funding provider and as a facilitator of financial literacy training and business mentoring. This involvement reflects the bank’s continued commitment to empowering communities through the Daya Program, which is accessible via daya.id.

Share