PT Bank Maybank Indonesia Tbk. (Maybank Indonesia or the Bank) announced its consolidated financial results for the half-year ended 30 June 2026 (1H FY26), with Profit Before Tax (PBT) increasing 21.8% year-on-year (Y-o-Y) to Rp933 billion, supported by a lower cost of funds, which resulted from an improved funding mix and sustained cost management. Correspondingly, Profit After Tax and Minority Interest (PATAMI) increased 21.2% Y-o-Y to Rp698 billion.

Net Interest Income (NII) rose 3.9% Y-o-Y, supported by lower interest expense. Net Interest Margin (NIM) was at 4.3% for 1H FY26. Non-Interest Income (NOII) declined 5.4% Y-o-Y due to lower Global Markets (GM) income, impacted by continued market volatility and geopolitical uncertainties. The decline, however, was partially offset by other fee income, which increased 8.0% Y-o-Y, mainly attributable to an increase in fees from Wealth (39.0%), auto loan (27.5%), and retail banking related fees (54.3%). Gross operating income rose 1.9% Y-o-Y to Rp4.64 trillion.

Overhead expenses remained well managed, rising only 0.8% Y-o-Y, reflecting the Bank's continued focus on operational cost optimisation. Operating income before provisions increased 4.7% Y-o-Y to Rp1.29 trillion, while loan loss provisions improved by 19.0% Y-o-Y.

Asset quality remained sound, with Non-Performing Loans (NPL) at 2.1% (gross) and 1.3% (net) as at June 2026, compared with 2.4% (gross) and 1.5% (net) as at June 2025.

2Q 2026 vs 1Q 2026

Gross operating income rose 9.1%, supported by NII, which increased 4.5%, and NOII, which was up 29.6%. With continued cost discipline and prioritisation of essential spending to support the business, overhead expenses declined 2.7%.

Operating income before provisions remained strong, increasing 47.1%, driving the Bank's PBT up 34.8% to Rp536 billion, while PATAMI rose 33.2% to Rp398 billion.

2Q 2026 vs 2Q 2025

Compared with the same period last year, gross operating income increased 9.9%, supported by growth in both NII and NOII. Despite a 7.8% increase in loan loss provisions, operating income before provisions rose 51.6%, resulting in PBT of Rp536 billion, up 106.2%.

Loans and Deposits

The Bank's Global Banking (GB) loans grew 5.0% Y-o-Y to Rp54.98 trillion, driven by strong growth in the GB Large Local Corporates segment, which expanded 18.0% Y-o-Y, while Business Banking loans increased 24.3% Y-o-Y.

Meanwhile, retail and non-retail loans managed under the Community Financial Services (CFS) segment increased 2.9% Y-o-Y to Rp71.30 trillion. CFS non-retail loans rose 1.7% Y-o-Y, supported primarily by a 14.4% increase in Small and Medium Enterprise (SME+) loans. CFS retail loans also grew 3.4% Y-o-Y, mainly driven by a 6.5% increase in subsidiaries' auto financing, reflecting the improving momentum in Indonesia's automotive market from the start of the second quarter. Credit card and personal loans also increased 11.2% Y-o-Y.

As at 30 June 2026, the Bank's total loans outstanding increased 3.8% Y-o-Y to Rp126.28 trillion, while total assets grew 15.6% Y-o-Y to Rp213.81 trillion.

Customer deposits increased 8.2% Y-o-Y to Rp124.10 trillion, supported by a 22.4% increase in Current Accounts and Savings Accounts (CASA), further strengthening the Bank's funding mix. Current Accounts rose 32.1%, while Savings Accounts increased 4.8%. Time Deposits declined 10.1% Y-o-Y, in line with the Bank's continued focus on optimising its funding mix. As a result, the CASA ratio improved to 63.6% as at June 2026 from 56.2% as at June 2025.

In 1H FY26, transaction volume on the Bank's M2U retail banking platform increased 20.8% Y-o-Y to 17.5 million transactions, while digital savings account balances opened through the platform grew 23.2% Y-o-Y. Meanwhile, transaction volume on the Bank's M2E corporate banking platform increased 5.6% Y-o-Y, with current account balances rising 34.3% Y-o-Y to Rp44.7 trillion.

Capital and Liquidity Strength

The Bank's capital position remained strong, with a Capital Adequacy Ratio (CAR) of 24.3% and a Common Equity Tier 1 (CET1) capital ratio of 23.2%.

Liquidity remained healthy, with the Bank-only Loan-to-Deposit Ratio (LDR) at 86.6%. Liquidity Coverage Ratio (LCR) stood at 138.2%, while Net Stable Funding Ratio (NSFR) was at 110.7%.

Shariah Banking

Maybank Indonesia's Shariah Banking recorded a Profit Before Tax (PBT) of Rp488 billion, an increase of 55.1% Y-o-Y, supported by expanding financing balances and continued funding optimisation, while fee-based income increased 20.0% Y-o-Y.

Shariah financing increased 11.7% Y-o-Y to Rp32.96 trillion, driven by strong growth in financing under the Global Banking (GB) segment, which increased 8.9% Y-o-Y, particularly in the Financial Institutions Group (FIG) and Large Local Corporates (LLC) segments. Meanwhile, financing under the Community Financial Services (CFS) segment grew 14.0% Y-o-Y, supported by continued growth in both retail and non-retail financing. Total Shariah financing contributed 29.7% of the Bank's total loans (Bank-only) as at June 2026.

Shariah Banking's Current Accounts and Savings Accounts (CASA) increased 19.5% Y-o-Y, while Time Deposits declined 31.0% Y-o-Y, reflecting continued funding optimisation. Although customer deposits declined marginally by 0.7% Y-o-Y, the CASA ratio improved to 72.2% as at June 2026 from 60.0% as at June 2025.

Non-Performing Financing (NPF) improved to 2.2% (gross) and 1.5% (net) as at June 2026 from 2.4% (gross) and 1.6% (net) as at June 2025. Financing to Deposit Ratio (FDR) stood at 94.5% as at June 2026 from 85.5% as at June 2025.

President Director of Maybank Indonesia, Steffano Ridwan, said the 1H FY26 performance reflected the Bank's disciplined execution of its strategic priorities, underpinned by continued expansion of its lending portfolio. The Bank continued to optimise its funding mix, contributing to lower funding costs, while maintaining disciplined cost management to deliver sound earnings despite ongoing market volatility.

"The earnings demonstrate the strength of our core banking franchise and disciplined execution of our strategic priorities amid rising interest rates and continued global uncertainties weighing on the domestic market. We will continue to expand our lending portfolio across our corporate and SME businesses in line with our ROAR30 strategy, while maintaining prudent risk management and healthy asset quality.”

President Commissioner Maybank Indonesia, Dato' Sri Khairussaleh Ramli, said that the 1H FY26 performance demonstrates the resilience of the Bank's business model and its ability to capitalise on Indonesia's GDP growth while maintaining disciplined execution amid market volatility and global economic uncertainties.

"Maybank Indonesia remains well positioned to capture sustainable growth opportunities while ensuring sound governance, prudent risk and asset quality management. Anchored by our ROAR30 strategy and the integration of Maybank's financial services entities in Indonesia, Maybank Indonesia is poised to deliver integrated financial solutions for its customers and create long-term value for all stakeholders."

Awards

During the first half of 2026, Maybank Indonesia was recognised as Indonesia's Best for Premier Banking at the Euromoney Private Banking Awards 2026, while Maybank Indonesia Finance and WOM Finance received "Very Good" ratings in the Infobank Multifinance Rating 2026. The Bank also received awards across customer experience, digital banking, human capital, leadership, and Shariah banking.

Subsidiaries

PT Maybank Indonesia Finance (Maybank Finance)

Supported by the growing consumer preference for electric vehicles (EVs) over internal combustion engine (ICE) vehicles, alongside higher fuel prices, Maybank Finance's total financing increased 25.3% Y-o-Y to Rp8.63 trillion. PBT rose 40.0% Y-o-Y to Rp394 billion due to lower loan loss provisions and investment income from equity holdings. NPL was at 0.3% (gross) and 0.1% (net) as at June 2026 and June 2025.

PT Wahana Ottomitra Multiartha Tbk (WOM Finance)

WOM Finance's total financing increased 6.0% Y-o-Y to Rp6.73 trillion, supported by the improving momentum in Indonesia's two-wheel automotive market. PBT increased 14.8% Y-o-Y to Rp121 billion. WOM's NPL improved to 2.5% (gross) and 1.1% (net) as at June 2026 from 2.6% (gross) and 1.2% (net) as at June 2025.

******

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 at June 2026, Maybank Indonesia has 266 branches including 20 shariah branches and one Mumbai, India branch; 20 Mobile Branch and 634 ATMs (including 26 Cash Recycle Machines/CRMs) connected with ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS, and Maybank ATMs in Singapore, Malaysia and Brunei. Maybank Indonesia manages customer deposits amounting to Rp124.10 trillion and has total assets value of Rp213.81 trillion as at June 2026.

For more information, please contact:

Bayu Irawan

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