Jakarta, October 29, 2025 – PT Bank SMBC Indonesia Tbk (SMBC Indonesia) successfully navigated a challenging macroeconomics and microeconomic landscape from January to September 2025 by maintaining solid fundamentals and adapting swiftly to market changes. This resilience resulted in higher operating income and growth in loan disbursement.

SMBC Indonesia President Director Henoch Munandar said, “SMBC Indonesia maintained solid performance during the period by responding quickly and effectively to market dynamics and monetary policy shifts.”

“Guided by an adaptive mindset and a commitment to meaningful growth, we aim to create lasting impact by supporting Indonesia’s economic progress, driving our customers’ prosperity, and empowering communities toward sustainable growth.”

The consolidated financial results for January–September 2025 have taken into account the financial performance of PT Oto Multiartha (OTO) and PT Summit Oto Finance (SOF), collectively referred to as the OTO Group, which became part of SMBC Indonesia following the completion of the acquisition by the end of March 2024.

SMBC Indonesia posted operating income of Rp13.8 trillion, an increase of 11% year-on-year (yoy). Net interest income also grew by 9% yoy, supported by higher net interest margin (NIM) and reflecting the bank’s solid performance and resilience amid competition in the market.

The bank’s NIM rose to 7.1% in September 2025, compared to 6.8% in the same period last year, supported by the OTO Group’s post-acquisition contribution. SMBC Indonesia remains focused on sustaining a healthy NIM despite competitive lending rates, rising funding costs, and ongoing market volatility.

Loan disbursement reached Rp186.2 trillion, an increase of 6% yoy compared to  Rp175.1 trillion last year. Lending in the retail segment also showed growth, such as Joint Finance (34% yoy), Jenius excluding Digital Micro (8% yoy), and Micro (7% yoy). The bank’s collaboration with the OTO Group also boosted lending in Joint Finance.

In other segments, corporate and commercial loans rose 10% yoy and the OTO Group’s financing receivables increased by 11% yoy.

Credit costs rose 45% yoy to Rp4 trillion, due to higher provisioning in Joint Finance, corporate, and commercial segments, as well as the inclusion of the OTO Group’s credit costs. SMBC Indonesia continues to apply prudent and proactive credit risk management practices, ensuring sufficient reserve levels to safeguard portfolio quality.

Operating expenses increased by 12% yoy to Rp7.5 trillion, reflecting overall business expansion and the consolidation of the OTO Group.

SMBC Indonesia’s subsidiary PT Bank BTPN Syariah Tbk (BTPN Syariah) recorded a net profit of Rp945 billion, growing 23% yoy, with total financing disbursement reaching Rp9.8 trillion.

SMBC Indonesia posted Rp1.5 trillion in consolidated net profit after tax attributable to the parent company, decreased by 26% yoy.

Asset quality remained sound, with the gross non-performing loan (NPL) ratio at 2.8% as of September 2025—higher than 2.2% a year earlier, yet an improvement from 3.2% at the end of June in 2025. SMBC Indonesia and the OTO Group continue to uphold prudent and disciplined risk management practices.

Liquidity and funding positions remained robust, reflected in a liquidity coverage ratio (LCR) of 277.8%, a net stable funding ratio (NSFR) of 119.9%, and a capital adequacy ratio (CAR) of 29.8%.

Funding performance remained strong, with Current Account & Savings Account (CASA) balances rising 33% yoy to Rp50.6 trillion. This growth lifted the CASA ratio from 33.6% in September 2024 to 42% in September 2025. While time deposits declined 7% yoy to Rp69.7 trillion, total third-party funds rose 6% yoy to Rp120.3 trillion, reflecting balanced and resilient funding management.

Jenius Remains Consistent in Driving Sustainable Growth.

Amid this strong funding and liquidity performance, Jenius from SMBC Indonesia also delivered impressive results. Jenius, SMBC Indonesia’s life finance solution platform designed for digital-savvy customers, continued its strong growth trajectory. The number of registered users rose 7% yoy to 6.3 million, while third-party funds expanded 13% yoy to Rp30.7 trillion.

Loans across Jenius products such as Flexi Cash, Digital Micro, Jenius Credit Card, and Jenius Paylater grew 7% yoy to Rp3.5 trillion. This continued growth underscores Jenius’s position as a pioneer in Indonesia’s digital banking sector, driving financial inclusion through simple, accessible, and innovative digital solutions.

SMBC Indonesia Strengthens Its Sustainable Impact through the Daya Program.

True to its purpose of driving meaningful growth, SMBC Indonesia extends its impact beyond banking through community empowerment programs. Through the Daya Program, SMBC Indonesia engaged nearly 7.4 million participants in 8,276 empowerment activities from January to September 2025. A major highlight of the initiative was Daya Fest 2025, held on 27–29 August at Menara SMBC under the theme “Growing Collaboration, Sustainable Impact.”

Daya Fest 2025 broadened market access for local entrepreneurs and fostered cross-sector collaboration. The event included Inspirational Empowerment Classes attended by 1,756 participants and the Selendang Mayang Exhibition, which featured products from 116 local SMEs and recorded the sale of 6,087 items over three days.

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