PT Bank Maybank Indonesia Tbk. (Maybank Indonesia or the Bank) reported a 170.4% increase in Profit Before Tax (PBT) to Rp766 billion for the half-year ended 30 June 2025 (1H FY’25). Profit After Tax and Minority Interest (PATAMI) surged 348.1% to Rp576 billion. The rise in PBT and PATAMI in the first half of 2025 was driven by higher operating income and much lower loan loss provision.

Interest income grew 5.1% to Rp6.64 trillion, supported by better earnings from average loan balances and pricing discipline amid a tight credit environment. Net interest income rose 1.7% to Rp3.57 trillion, despite higher interest expenses. Non-interest income (NOII) increased 19.0% to Rp975 billion, lifted by Global Market (GM) transaction fees which more than tripled to Rp178 billion. Gross operating income expanded 5.0% to Rp4.55 trillion.

The Bank remained focused on strengthening its loan portfolio across key segments, including SMEs, large local corporates, and retail, amid continued macroeconomic uncertainty. Loans under the Community Financial Services (CFS) segment grew 9.2% Y-o-Y to Rp84.51 trillion, with non-retail loans rising 12.1% to Rp37.50 trillion. This was supported by growth in the Business Banking (Commercial) segment of 17.5%, while SME+ and Retail SME (RSME) rose by 10.0% and 8.1%, respectively.

Meanwhile, CFS retail loans grew 7.0% Y-o-Y to Rp47.01 trillion across all retail segments. This was driven by the subsidiaries’ auto loans rising 9.0%, amid easing domestic automotive sales. Home loans increased 4.4%, while consumer loans (credit cards and personal loans) grew 6.3%.

Global Banking (GB)’s Large Local Corporates segment maintained positive momentum, posting a 31.5% increase in loan balances to Rp13.85 trillion. GB loans underwent portfolio rebalancing as low yielding corporate loans fell by 34.3%, resulting in an 18.5% decline in total GB loan balances.

Total outstanding loans slightly decreased by 1.1% Y-o-Y to Rp121.69 trillion, in line with the Bank’s portfolio rebalancing strategy, which was impacted by a decline in corporate loans however partially cushioned by strong performance in CFS retail and non-retail loans.

Customer deposits remained relatively stable at Rp114.70 trillion. Current accounts rose 14.2% to Rp41.70 trillion, driven primarily by non-retail customers and savings accounts were stable at Rp22.80 trillion. Time Deposits declined 10.8% in line with efforts to boost CASA ratio, which improved to 56.2% in June 2025 from 51.3% in June 2024.

The Bank’s digital platforms continued to gain traction with M2U transactions (retail) increased by 24.6% to over 14 million, while M2E (corporate) surged 14.0% to more than 2.4 million transactions.

Pre-Provisioning Operating Profit (PPOP) grew 2.8% Y-o-Y to Rp1.24 trillion despite a 5.8% increase in overhead costs as the Bank invested in IT enhancements, M25+ strategic initiatives, and continued human capital development. Provisions improved by 46.2%, following the Bank’s pre-emptive provisioning in the prior year.

Asset quality strengthened with gross Non-Performing Loan (NPL) ratio improving to 2.4% from 2.7%, and net NPL ratio improving to 1.5% from 1.7% in June 2024. NPL balance declined 12.3% Y-o-Y.

Liquidity remained healthy, with Loan-to-Deposit Ratio (LDR) Bank-only at 89.1%, Liquidity Coverage Ratio (LCR) Bank-only at 152.2%, well above the 100% regulatory requirement, and Net Stable Funding Ratio (NSFR) Bank-only at 106.8%.

Capital position remained strong, with Capital Adequacy Ratio (CAR) at 26.6% and Common Equity Tier 1 (CET1) at 25.4%.

Shariah Banking

Maybank Indonesia Shariah Banking recorded a PBT of Rp315 billion, up from Rp6 billion in 1H24, supported by continued reduction in provisions. Total revenue after revenue-sharing distribution (NII) increased 18.2%, while other operating income (Fee based Income) rose 20.7% to Rp122 billion, supported by Shariah Wealth Management solutions, asset recovery, and deposit-related fees.

Retail and non-retail financing under Community Financial Services (CFS) grew 14.5% to Rp21.44 trillion. Non-retail financing increased 18.8%, driven by growth of 20.0% in Business Banking, 13.7% in SME+, and 19.5% in RSME segments. Retail financing grew 9.9%, led by mortgage and auto loans, which increased 9.6% and 12.0%, respectively.

Shariah Banking’s CASA grew 15.6%, while Time Deposits declined 18.2%, aligned with the Bank’s funding structure optimisation. Total customer deposits remained stable at Rp34.50 trillion, with the CASA ratio improving to 60.0% from 51.5% in June 2024.

Asset quality remained sound, with gross Non-Performing Financing (NPF) ratio steady at 2.4% in June 2025 and 2024, while net NPF ratio improved to 1.6% from 1.8%.

Awards

Maybank Indonesia’s strong commitment to sustainability and SME empowerment earned notable recognition in the first half of 2025. The Bank was named Best Bank in Sustainable Finance in Indonesia by Global Finance, and also won Best Bank for ESG at the Euromoney Awards for Excellence 2025, reinforcing its leadership in responsible banking practices.

In SME segment, Maybank Indonesia was recognised as Best SME Bank in Indonesia by The Digital Banker, and also received Best Bank for SMEs from Euromoney, along with SME Digital Innovation of the Year from the Asian Banking & Finance Retail Banking Awards 2025.  These accolades reflect the Bank’s consistent focus on driving sustainability and supporting small to medium-sized enterprises, in line with its purpose of Humanising Financial Services.

President Director of Maybank Indonesia, Steffano Ridwan, said Maybank Indonesia improved its top-line revenue, driven by continued loan growth in key segments, resulting in higher interest income and better earnings from loan balances. Pre-emptive provisioning efforts in the prior year enabled the Bank to adjust provisioning within an appropriate risk tolerance range.

“We remain on track in strengthening our core segments: wealth, auto, small to medium enterprises and large local corporates, which continued to grow and demonstrate resilience despite a tight credit environment. Our loan portfolio rebalancing efforts aim to reinforce the Bank’s readiness and agility, aligned with our super growth strategy to deliver value to stakeholders through customised solutions under the one-Maybank approach."

President Commissioner of Maybank Indonesia, Dato’ Sri Khairussaleh Ramli, said the Bank delivered a commendable financial performance in 1H25, underscoring its sound capabilities and robust fundamentals despite ongoing global economic headwinds.

"Guided by Maybank’s M25+ strategy, we are committed to maintaining growth in the right segments, enhancing service delivery, and driving innovation to support our customers and stakeholders. Meanwhile, we will further strengthen our operations in Indonesia via our Group-wide expertise and capabilities, as we continue to deliver on our regional aspirations, sustaining our capital strength."

Subsidiaries

PT Maybank Indonesia Finance (Maybank Finance)

Profit before tax (PBT) increased 0.6% to Rp281 billion, supported by prudent risk management and selective financing. Four-wheeler financing rose 0.3% to Rp6.89 trillion amid weakening automotive sales.

Non-performing loans (NPL) remained stable at 0.3% (gross) and 0.1% (net) in June 2025 and June 2024.

PT Wahana Ottomitra Multiartha Tbk (WOM)

Amid a challenging automotive market, WOM’s two-wheeler financing increased 1.4% to Rp6.35 trillion. However, profit before tax (PBT) declined to Rp105 billion from Rp137 billion in the same period last year, due to challenging operating environment. The non-performing loan (NPL) ratio rose slightly to 2.6% (gross) and 1.2% (net) in June 2025, compared to 2.5% (gross) and 1.2% (net) in June 2024.

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Notes to Editor

Maybank Indonesia is one of the leading banks in Indonesia and is a part of the regional and international network of the Maybank Group. Maybank Indonesia provides a comprehensive range of products and services for individual and corporate customers through Community Financial Services and Global Banking and automotive financing through subsidiaries, WOM Finance for two-wheel vehicles and Maybank Finance for four-wheel vehicles. Maybank Indonesia also continues to develop Digital Banking services and capacity through M2U (App and Web), M2E for corporate customer and other various channels.

As of June 2025, Maybank Indonesia has 282 branches, including Shariah branches spread across Indonesia, including one overseas branch in Mumbai, India; 22 Mobile Branch and 688 ATMs (including 26 Cash Recycle Machines/CRMs) connected with over 20,000 ATMs available through ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS, and connected to 3,500 Maybank ATMs in Singapore, Malaysia and Brunei. Maybank Indonesia manages customer deposits amounting to Rp114.70 trillion and has total assets value of Rp184.91 trillion as of June 2025.

For more information, please contact:

Bayu Irawan
Head, Corporate Communications
Email: ccommunications@maybank.co.id
Telp: +6221 2922-888