Jakarta, April 30, 2025 – PT Bank SMBC Indonesia Tbk (SMBC Indonesia) continues its positive momentum in the First Quarter of 2025, driven by growth in operating income and retail lending. This performance reflects its solid business fundamentals and substantial growth in the digital banking segment.

This positive milestone further cements the growth of SMBC Indonesia’s business, following the recent distribution of dividends totaling Rp562.6 billion, or approximately Rp52.85 per share. The company remains optimistic in further strengthening its position as one of Indonesia’s leading financial institutions.

Henoch Munandar, President Director of PT Bank SMBC Indonesia Tbk, said, "SMBC Indonesia continues to demonstrate resilience amid the challenging dynamics of the global market, supported by solid and sustainable operational performance."

"This achievement further enhances our efforts to navigate the year of 2025 with an effective business integration strategy, aimed at serving every customer segment and creating more meaningful growth for society."

SMBC Indonesia’s consolidated financial report for the January-to-March 2025 period has taken into account the financial performance of PT Oto Multiartha (OTO) and PT Summit Oto Finance (SOF), or the OTO Group. Meanwhile, for the same period the previous year, SMBC Indonesia has not calculated the performance of the OTO Group, considering the fact that the acquisition was carried out by the end of March 2024.

SMBC Indonesia reported a 42% year-on-year (yoy) increase in operating income, reaching Rp4.6 trillion in the first quarter of 2025. The bank’s net interest income rose by 34%-yoy to Rp4.1 trillion, driven primarily by interest income from loans, placements in liquid assets, and net interest income from the OTO Group, amidst high interest rates and ongoing global economic uncertainty. In addition, growth in overall income was also supported by fee income from the OTO Group.

Net profit after tax (consolidated) during January-March 2025 reached Rp634 billion, up 2% yoy. This achievement was also supported by the joining of the OTO Group into the SMBC Indonesia conglomerate in providing products and services for customers in various segments.

Retail loans grew by 31% yoy, supported by strong contributions from Joint Finance, which recorded a 282%-yoy increase; Jenius (excluding Digital Micro), which posted 22% yoy growth; and the Micro segment; which grew by 29% yoy.

Moreover, corporate and commercial lending was 2% yoy lower, in line with the dynamics of interest rates, exchange rate fluctuations, and heightened market competition that affects corporate decision-making in general. On the other hand, SME loans increased by 2% yoy, which potentially could contribute to the SME sector’s role in supporting economic growth and job creation.

In total, SMBC Indonesia’s loan disbursement rose by 1% yoy to Rp188.1 trillion.

Total assets grew modestly, reaching Rp240.1 trillion.

Total third-party funds were 2% yoy lower at Rp117.4 trillion, but SMBC Indonesia maintained the performance of third-party funds in the retail segment by recording a growth of 14% yoy to Rp59.2 trillion, compared to Rp51.9 trillion in the same period last year. The growth of third-party funds in the retail segment was supported by the transformation in a number of branches in several cities throughout Q1-2025, as a continuation of the brand transformation that the Bank launched towards the end of 2024.

Meanwhile, time deposits grew 6% yoy to Rp75.4 trillion, resulting in a lower CASA ratio at 36%.

Jenius’ Solid Performance in Driving More Meaningful Growth

Jenius, the life finance platform from SMBC Indonesia targeting digital-savvy users, further solidified its leadership in Indonesia’s digital banking landscape, reaching 6 million registered users by March 2025—an 8%-yoy increase.

Jenius posted a 19%-yoy increase in third-party funds, totaling Rp31.7 trillion. This achievement showcases Jenius’ key role in promoting financial inclusion by expanding access to digital banking services in Indonesia.

Loan disbursements by Jenius also increased by 19% yoy to Rp3.3 trillion, driven by the strong performance of products such as Flexi Cash, Digital Micro, Jenius Credit Card, and Jenius Paylater.

In March 2025, Jenius introduced its latest innovations—Cash Cow and Pay & Save, responding to increasing demand from the digital savvy that is increasingly dynamic, intelligent, and integrated between daily transaction needs and growing savings funds.

The Cash Cow savings offer a competitive 6%-per-annum interest rate. Customers can boost their savings through cashback from partner merchants and the Pay & Save feature, which provides automatic and transparent fund management capabilities.

Daya Program’s Consistent Impact to Bring Meaningful Change to the Greater Public

Through the Daya program, SMBC Indonesia remains committed to creating meaningful growth for the greater public. In the first quarter of 2025, the program reached over 2.6 million participants through 2,111 empowerment initiatives.

Through Daya program, SMBC Indonesia continues to support the well-being of its pension customers through the Daya program by offering hybrid health consultations and live- streamed health seminars across its branches. From January to March 2025, 810 pension customers used consultation services and 4,195 joined health seminars.

The Daya program also continues to innovate and expand its reach through the daya.id website, a platform offering digital empowerment programs. Daya.id has attracted 326,861 visitors and features 279 pieces of information and learning resources. In addition, 1,248 users have registered on the platform.

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