Bank Neo Commerce Strengthens Fundamentals Amid Regulatory Uncertainty

Focus on Core Performance

PT Bank Neo Commerce Tbk (BBYB) has chosen to focus on strengthening its fundamental performance rather than speculating on the potential removal of the KBMI I classification by the Financial Services Authority (OJK). The bank's management, led by CEO Eri Budiono, is prioritizing improvements in profitability, governance, and market communication ¹

Strong Capital Position

As of October 2025, Bank Neo Commerce maintains a robust core capital of Rp4 trillion, representing a 1.52% increase from September 2025 and a 20.06% year-on-year growth from October 2024. This strong capital position is reflected in the bank's Capital Adequacy Ratio (CAR) of 47.77%, significantly higher than the 35.89% recorded in October 2024 ¹

Business Performance Highlights

The bank's financial performance shows promising trends:

• Total assets reached Rp18.49 trillion as of October 2025, up 3.01% year-on-year
• Net profit surged to Rp517.20 billion compared to Rp6.95 billion in October 2024
• Non-performing loan (NPL) ratio improved to 2.89% from 3.74% in October 2024
• The bank's digital lending product, Neo Loan/Neo Pinjam, grew by 139% year-on-year

Regulatory Landscape and Future Plans

While OJK's potential removal of the KBMI I classification could impact the bank's future status, CEO Eri Budiono stated that becoming a larger bank would allow for new product offerings, such as foreign exchange services. However, the bank is waiting for further regulatory guidance regarding potential consolidation or mergers ¹

Market Performance

The bank's stock price has seen significant growth, rising by 166.06% year-to-date as of December 17, 2025. Management attributes this positive market performance to the bank's focus on improving its fundamental performance, particularly in terms of profitability and governance ²