Bank Neo Commerce Sees Profit Surge as BNPL Launch Nears

Financial Highlights

PT Bank Neo Commerce Tbk (BBYB) has reported a dramatic improvement in financial performance as of October 2025, with net profit surging to Rp517 billion from merely Rp7 billion in the same period last year ¹

. This remarkable growth comes despite a challenging environment where the bank's net interest income declined by 16% year-on-year to Rp1.98 trillion, resulting in a net interest margin contraction to 14.7% from 17.05% previously.

Strategic Developments

BNPL Launch Plans

The bank is actively preparing to launch its buy now, pay later (BNPL) service in the second quarter of 2026 ²

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Source 3

https://finansial.bisnis.com/read/20251216/90/1937339/bank-neo-bbyb-siap-rilis-produk-paylater-tahun-depan

. The new product has already entered the limited testing phase and is under the supervision of the Financial Services Authority (OJK) ²

Source 2

https://keuangan.kontan.co.id/news/bank-neo-commerce-targetkan-peluncuran-bnpl-kuartal-ii-2026

. CEO Eri Budiono stated that the BNPL product requires extensive system integration, which has delayed its launch ³

Source 3

https://finansial.bisnis.com/read/20251216/90/1937339/bank-neo-bbyb-siap-rilis-produk-paylater-tahun-depan

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Credit Growth Strategy

Bank Neo Commerce is targeting Rp200 billion in BNPL credit disbursement during the initial testing phase ³

. The bank's management believes that the growing QRIS transactions will create new opportunities for BNPL as an additional lending source. The overall consumer credit segment is expected to be a key growth driver, helping the bank recover from a 17% credit contraction this year ³

Source 3

https://finansial.bisnis.com/read/20251216/90/1937339/bank-neo-bbyb-siap-rilis-produk-paylater-tahun-depan

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Future Outlook

The bank's digital lending product, Neoloan, has successfully disbursed approximately Rp600 billion in loans this year and is expected to reach nearly Rp1 trillion in the next year ³

. With a strategic focus on digital retail banking through three main pillars - direct loan partnerships with Akulaku, Neoloan development, and BNPL introduction - Bank Neo Commerce is positioning itself for sustained growth in the competitive digital banking landscape.