Indonesia's Largest Banks Report Mixed Results for October 2025

Financial Highlights

The four largest Indonesian banks - PT Bank Central Asia Tbk (BCA), PT Bank Rakyat Indonesia (BRI), PT Bank Mandiri, and PT Bank Negara Indonesia (BNI) - have released their financial results for October 2025, showing mixed performance across key metrics.

Profitability

BCA stood out as the only bank among the four to achieve year-on-year growth in net profit, with a 4.39% increase to Rp48.25 trillion compared to Rp46.22 trillion in October 2024. This growth was driven by a 4.42% rise in net interest income (NII) to Rp66.47 trillion from Rp63.66 trillion in the same period last year.

BRI maintained its position as the bank with the second-highest net profit at Rp41.05 trillion, although this represented a 10.21% decline from Rp45.72 trillion in October 2024. BRI's NII grew marginally by 1.58% to Rp93.46 trillion from Rp92.00 trillion.

Bank Mandiri recorded a net profit of Rp38.88 trillion, a 9.70% decrease from Rp43.06 trillion in October 2024. However, the bank managed to grow its NII by 3.55% to Rp64.43 trillion from Rp62.22 trillion.

BNI reported the lowest net profit among the four at Rp16.92 trillion, down 6.34% from Rp18.07 trillion in October 2024. The bank's NII also declined by 0.95% to Rp31.94 trillion from Rp32.25 trillion.

Analysis

The varied financial performance of these major banks reflects broader trends in Indonesia's banking sector. BCA's success was attributed to its strong net interest income growth and efficient management. In contrast, the declines experienced by BRI, Mandiri, and BNI were largely due to increased operational costs and, in BRI's case, higher CKPN (Credit Risk Provision) expenses.

Trioksa Siahaan, Senior Vice President of the Indonesian Banking Development Institute (LPPI), noted that the financial performance of BRI, Mandiri, and BNI is expected to improve in the fourth quarter of 2025 due to better liquidity conditions and the decrease in BI Rate. Additionally, increased consumer spending towards the end of the year is likely to support their performance.

For BCA, its financial stability is expected to continue, driven by its dominant CASA (Current Account and Savings Account) structure, which keeps funding costs low and enhances fee-based income.

Outlook

The mixed financial results of Indonesia's largest banks highlight the challenges and opportunities in the current economic environment. While increased operational costs and credit risk provisions posed challenges for some banks, others capitalized on their strengths in net interest income and efficient operations. As the year concludes, market observers will be watching closely to see how these trends develop and what they might indicate for the banking sector's future.