PT Bank Maybank Indonesia Tbk. (Maybank Indonesia or the Bank) reported a 53.9% increase in Profit Before Tax (PBT) to Rp1.30 trillion for the nine-month ended 30 September 2025 (9M FY25). Profit After Tax and Minority Interest (PATAMI) rose 77.3% to Rp989 billion. The increase in PBT and PATAMI in 9M FY25 were driven by higher operating income, well-contained overheads and significantly lower loan loss provision.

Interest income grew 3.2%, supported by better earnings from average loan balances and securities portfolios, coupled with disciplined pricing. Interest expenses remained elevated due to greater proportion of high-cost funding. As a result, Net Interest Income (NII) increased slightly by 0.8% to Rp5.37 trillion. Net Interest Margin (NIM) slightly contracted by 16 bps Y-o-Y to 4.3% in 9M FY25.

Non-interest income (NOII) increased 10.7% to Rp1.58 trillion, mainly supported by the turnaround in Global Market’s (GM) income from foreign exchange and marketable securities, which increased 618.3% to Rp300 billion. Gross operating income rose 2.9% to Rp6.95 trillion.

Maybank Indonesia continued to focus on expanding its loan portfolio across key segments, including SMEs, large local corporates, and retail. This is reflected in the Bank’s Community Financial Services (CFS) retail and non-retail loan segments, which together recorded a 7.8% growth to Rp86.05 trillion.

CFS Non-retail loans rose 10.1% to Rp38.43 trillion, supported by significant growth in commercial loans (Business Banking) of 18.5%, followed by SME+ loans, which grew 6.4%, and Retail SME (RSME) loans, up 4.3%.

Meanwhile, CFS Retail loans grew 6.1% to Rp47.62 trillion, underpinned by a 9.6% increase in auto loans, a 2.4% rise in consumer loans (Credit Card and Personal Loan), and 2.1% growth in mortgage financing.

Global Banking (GB)’s Large Local Corporates segment maintained positive momentum, posting a 7.7% increase in loan balances to Rp11.88 trillion. GB loans underwent portfolio rebalancing, as low-yielding corporate loans declined by 29.8%, resulting in a 19.3% decrease in total GB loan balances.

The Bank’s total outstanding loan was at Rp120.42 trillion, declined slightly by 1.6% in line with the Bank’s portfolio rebalancing strategy. The decline however was partially cushioned by strong performance in CFS retail and non-retail loans.

The Bank’s sustainable financing reached Rp3.96 trillion, up 7.0% Y-o-Y, driven mainly by a 56.1% increase in sustainable management of natural resources and land use to Rp338 billion, and a 72.0% rise in eco-friendly transportation to Rp314 billion. Sustainable financing accounts for 20.1% of the Bank’s standalone loans.

Despite a lower loan balance, the Bank’s total assets increased 4.6%, primarily supported by 28.8% increase in other earning assets, mainly from securities portfolio.

Customer deposits rose 13.2% Y-o-Y. Current Accounts and Savings Accounts increased by 19.3% and 0.9% respectively, in line with the Bank’s strategy to strengthen efficient funding. During the reporting period, Time Deposits increased 14.4%. The CASA ratio stood at 52.3% in September 2025.

The Bank’s digital platforms continued to gain traction with M2U transactions (retail) increased by 23.4% to over 22 million, while M2E (corporate) increased 12.5% to more than 3.7 million transactions.

Overhead expenses remained under control, rising slightly by 3.0%, backed by the Bank’s continued efforts to optimise operational cost. The Bank’s operational efficiency strengthened with Cost-to-Income Ratio (CIR) improving to 70.4% from 71.4% a year earlier. Operational Efficiency Ratio (BOPO) also declined to 89.1%, compared with 92.3% in 9M FY24, reflecting disciplined cost management and sustained revenue growth across the Bank.

Pre-Provisioning Operating Profit (PPOP) grew 2.8% Y-o-Y to Rp2.05 trillion, while provisions improved by 32.1%, following the Bank’s pre-emptive provisioning in the prior year.

Non-Performing Loans (NPL) stood at 2.4% (gross) and 1.5% (net) in September 2025, improving from 2.9% (gross) and 1.7% (net) in September 2024. The NPL balance declined 17.4% Y-o-Y.

Liquidity remained healthy, with Loan-to-Deposit Ratio (LDR) Bank-only at 77.5%, Liquidity Coverage Ratio (LCR) Bank-only at 163.6% well above the 100% regulatory requirement, and Net Stable Funding Ratio (NSFR) Bank-only at 118.7%.

Capital position remained strong, with Capital Adequacy Ratio (CAR) at 27.1% and Common Equity Tier 1 (CET1) at 25.9%.

Shariah Banking

Maybank Indonesia Shariah Banking recorded a PBT of Rp516 billion in 9M FY25, compared with Rp163 billion in 9M FY24. The 216.5% surge in PBT was driven by stronger revenue and disciplined cost management.

Total revenue after revenue-sharing distribution rose 16.2% to Rp1.11 trillion, supported by higher operating income from fund distribution, which increased by 4.7%, and a more efficient funding composition leading to a 6.6% decline in profit sharing for investors. Other operating income grew 30.3% to Rp217 billion, driven by Shariah Wealth Management and asset recovery. In 9M FY25, Gross Operating Income increased 18.3% to Rp1.32 trillion.

Shariah financing under Community Financial Services (CFS) grew 13.3% to Rp22.36 trillion. Non-retail financing increased 14.5%, supported by growth of 16.3% in Business Banking, 19.7% in SME+, and 11.2% in RSME segments. Retail financing rose 11.8%, driven by an 12.6% increase in mortgage financing, and 3.5% in auto financing.

Shariah financing stood at Rp29.64 trillion, contributing 27.8% to the Bank’s total financing portfolio (Bank only).

Shariah’s CASA increased 17.7% to Rp22.71 trillion, supported by a 36.1% surge in Current Accounts and a 3.2% rise in Savings Accounts. Time Deposits decreased 22.5%, in line with the Bank’s strategy to optimise funding composition. The CASA ratio stood at 62.2% in September 2025, up from 52.0% in September 2024. Customer deposits declined 1.6% to Rp36.51 trillion.

Non-Performing Financing (NPF) ratio improved to 2.4% (gross) and 1.6% (net) in September 2025, compared with 2.5% (gross) and 1.8% (net) in September 2024. The Financing-to-Deposit Ratio (FDR) stood at 80.5%.

Awards

Maybank Indonesia continued to earn industry recognition in 2025. The Bank was named ‘Best SME Bank – Indonesia’ and ‘Best Bank for ESG – Indonesia’ at The Euromoney Awards for Excellence 2025.

President Director of Maybank Indonesia, Steffano Ridwan, said that Maybank Indonesia strengthened its top-line performance in 9M FY25, driven by sustained loan growth in the key segments, improved operating income, and disciplined cost management.

“Through our portfolio rebalancing efforts, we are realigning the Bank’s focus with our super growth strategy in efforts to deliver sustainable value to our stakeholders. To this tune, we will strengthen our core segments particularly wealth, auto, SME, and large local corporates, which have continued to deliver solid growth and resilience amid a tight credit environment. Likewise, our Business Banking segment has consistently maintained its growth momentum throughout the year.”

President Commissioner of Maybank Indonesia, Dato’ Sri Khairussaleh Ramli, said that Maybank Indonesia delivered a commendable performance in 9M FY25, reflecting continued strengthening of its franchise despite operating in a challenging macroeconomic environment.

“This performance further underscores our commitment to strengthen our leadership position in ASEAN by actively capturing new growth segments and driving deeper collaboration across the Group. Through our M25+ strategy coupled with future looking growth aspirations, we remain steadfast to champion greater synergies across the business and unlocking sustainable growth for our customers, communities and broader stakeholders.”

Subsidiaries

PT Maybank Indonesia Finance (Maybank Finance)
Total financing increased 7.3% to Rp7.43 trillion in 9M’FY25, supported by rising interest in Electric Vehicle (EV) units.

Maybank Finance’s profit before tax (PBT) rose 1.2% to Rp431 billion. Non-performing loans (NPL) remained stable at 0.3% (gross) and 0.1% (net) in September 2025, unchanged from September 2024.

PT Wahana Ottomitra Multiartha Tbk (WOM Finance)
WOM’s total financing increased by 4.1% to Rp6.52 trillion. However, profit before tax (PBT) declined to Rp128 billion from Rp212 billion, owing to an increase in provision by 16.2% from Rp281 billion to Rp327 billion.

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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 September 2025, Maybank Indonesia has 278 branches including 20 shariah branches and one Mumbai, India branch; 22 Mobile Branch and 669 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 Rp131.21 trillion and has total assets value of Rp197.96 trillion as of September 2025.

For more information, please contact:

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