PT Bank Maybank Indonesia Tbk. (Maybank Indonesia or the Bank) reported its financial performance for the first quarter of 2026 (1Q FY26), with Profit before Tax (PBT) of Rp397 billion.

The Bank recorded Net Interest Income (NII) of Rp1.81 trillion, which increased by 2.1%, supported by lower interest expenses as the funding mix improved. Net Interest Margin (NIM) remained stable at 4.3% Y-o-Y.

Increased market volatility due to heightened global geopolitical tensions impacted the Bank’s Global Markets trading activities, particularly in marketable securities and foreign exchange. This resulted in GM-related income declining to Rp20 billion from Rp107 billion during the quarter. The Bank’s non-GM-related income moderated by 17.6% Y-o-Y to Rp382 billion as recovery income lowered, although Premier Wealth-related income grew 20.0% Y-o-Y, supported by improved retail business-related fee income. Gross Operating Income stood at Rp2.22 trillion, compared to Rp2.35 trillion a year earlier.

Operating expenses increased by 4.5% Y-o-Y, mainly driven by personnel and administrative costs in line with business activities. Against this backdrop, operating income before provisions stood at Rp523 billion. Provisions declined by 47.9% Y-o-Y to Rp123 billion, reflecting improved asset quality and continued prudent risk management.

The Bank’s core banking fundamentals remained resilient, supported by stable lending and a stronger funding profile. However, the decline in NOII resulted in a 21.5% Y-o-Y drop in PBT, and PATAMI easing by 20.5% to Rp299 billion.

Asset quality improved, with Non-Performing Loans (NPL) at 2.3% (gross) and 1.4% (net) as of March 2026 from 2.4% (gross) and 1.5% (net) as of March 2025.

Loans and Deposits

CFS Non-retail loans increased by 7.1% Y-o-Y to Rp39.89 trillion, supported by growth in the commercial segment (Business Banking), which expanded by 15.6% to Rp17.46 trillion, and the small and medium enterprise segment (SME+), which grew by 12.3%, partially offset by a 3.0% decline in the Retail SME segment (RSME). CFS Retail loans grew by 4.1% Y-o-Y, supported by subsidiaries’ auto financing, which rose by 7.4%, as well as consumer loans (credit cards and personal loans), which increased by 6.7%. CFS Retail and Non-retail grew by 5.4% to Rp88.33 trillion.

Global Banking (GB) loans declined by 12.4% Y-o-Y. However, the Bank saw GB’s Large Local Corporate (LLC) loans and Shariah Restricted Investment Account (SRIA) deals have started to pick up for the coming quarter.

As of March 2026, total outstanding loans remained unchanged at Rp121.99 trillion. Total assets stood at Rp192.17 trillion, up 1.2% Y-o-Y.

Customer deposits increased by 6.1% Y-o-Y to Rp118.35 trillion, driven by strong growth in Current Accounts, which expanded by 37.5%, while Savings Accounts declined marginally by 1.9%. Time deposits decreased by 12.3%, in line with the Bank’s ongoing efforts to strengthen its funding mix and optimise cost of funds. CASA ratio improved to 61.2% as of March 2026 from 53.0% as of March 2025.

Capital and Liquidity Strength

The Bank’s capital position remained strong, with a Capital Adequacy Ratio (CAR) at 26.3% and a Common Equity Tier 1 (CET1) capital ratio at 25.2%.

Liquidity remained healthy, with a Loan-to-Deposit Ratio (LDR) Bank-only at 85.5%, a Liquidity Coverage Ratio (LCR) Bank-only at 146.2%, and a Net Stable Funding Ratio (NSFR) Bank-only at 112.4%.

Shariah Banking

Total Shariah financing reached Rp32.23 trillion, up 10.4% Y-o-Y, driven by growth in Shariah Community Financial Services (CFS) and Shariah Global Banking (GB). Shariah CFS financing increased by 10.4% to Rp23.16 trillion, while Shariah GB financing grew 10.3% to Rp9.07 trillion.

Growth in Shariah CFS non-retail financing was supported by growth in SME+, which expanded by 39.1%, followed by Retail SME (RSME), which grew 6.0%. Shariah CFS retail financing increased by 12.5% to Rp10.78 trillion, mainly driven by home financing, which increased by 14.7%. Meanwhile, growth in Shariah GB financing was supported by the GB-LLC segment, which expanded by 30.2% Y-o-Y.

Total Shariah financing contributed 30.2% to the Bank’s total loan/financing portfolio (Bank-only), while Shariah total assets accounted for 24.5% of the Bank’s total assets (Bank-only).

Maybank Indonesia launched Indonesia’s first Shariah-compliant Sharia Restricted Investment Account (SRIA) structure to accommodate specific investor requirements while facilitating business financing. In this structure, the Bank acts as arranger, with outstanding SRIA transactions reaching Rp500 billion.

Shariah Banking total deposits increased by 7.5% to Rp35.50 trillion, supported by growth in Current Accounts and Savings Accounts (CASA), which grew 28.8% Y-o-Y. Current Accounts rose 60.1% to Rp14.22 trillion, while Savings Accounts grew 1.5% to Rp10.29 trillion, and Time Deposits declined by 21.5% Y-o-Y, reflecting ongoing funding mix optimisation. As a result, the CASA ratio improved to 69.1% as of March 2026 from 57.6% as of March 2025.

Asset quality improved, with Gross Non-Performing Financing (NPF) at 2.2% and Net NPF at 1.5% as of March 2026, compared to 2.4% (gross) and 1.7% (net) as of March 2025. The Financing-to-Deposit Ratio (FDR) stood at 85.4%.

Operating income before provisions rose 20.9% Y-o-Y, supported by a 5.9% increase in total income after revenue sharing distribution, mainly driven by lower cost of deposits. Other operating income also increased by 18.1% Y-o-Y, driven by financing-related fees and fees from mutual funds under the Shariah Wealth Management (SWM) portfolio.

Provisions declined by 69.8% Y-o-Y, following pre-emptive provisioning in the previous year to maintain asset quality.

In 1Q FY26, Shariah Banking recorded a Profit Before Tax (PBT) of Rp226 billion, an increase of 52.1% Y-o-Y from Rp149 billion in the same period last year.

President Director of Maybank Indonesia, Steffano Ridwan, said that the Bank’s performance in the first quarter of 2026 was influenced by heightened global geopolitical tensions and market volatility.

“Against this backdrop, we re-aligned our expectations and focused on leveraging growth opportunities in retail and non-retail (CFS) and corporate (GB) segments as well as Shariah Banking amid the ongoing uncertainties during the quarter. Moving forward, we will continue to capture growth opportunities by leveraging our Whole of Maybank ecosystem, while remaining focused on strengthening our core businesses guided by the Group’s ROAR30 strategy.”

President Commissioner Maybank Indonesia, Dato’ Sri Khairussaleh Ramli, said that the Bank’s performance in the first quarter of 2026 was affected by volatility in the financial market. “However, directionally, we believe we are putting in place fundamentals aligned with the Group’s ROAR30 strategic direction.”

Subsidiaries

PT Maybank Indonesia Finance (Maybank Finance)

Maybank Finance’s total financing increased 12.7% Y-o-Y to Rp8.61 trillion. PBT rose 24.6% Y-o-Y to Rp177 billion. Asset quality remained sound, with NPL at 0.3% (gross) and 0.1% (net) as of March 2026 from 0.2% (gross) and 0.1% (net) as of March 2025.

PT Wahana Ottomitra Multiartha Tbk (WOM Finance)

WOM Finance’s total financing increased 7.4% Y-o-Y to Rp6.70 trillion. PBT declined 58.1% Y-o-Y to Rp33 billion owing to higher provisioning. WOM’s NPL remained stable at 2.2% (gross) and 1.0% (net) as of March 2026 and 2025.

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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 March 2026, Maybank Indonesia has 267 branches including 20 shariah branches and one Mumbai, India branch; 20 Mobile Branch and 605 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 Rp118.35 trillion and has total assets value of Rp192.17 trillion as of March 2026.

For more information, please contact:

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