Korean-Invested Banks Show Varied Performance in Q3 2025

Mixed Financial Results Across Different Banks

Indonesian banks with Korean investors reported mixed financial results for the third quarter of 2025. The performance varied significantly across different institutions.

Hana Bank Leads with Highest Net Profit

PT Bank KEB Hana Indonesia (Hana Bank) emerged as the top performer with a net profit of Rp481.08 billion for the nine months ending September 2025. This represented a 22.46% year-on-year (YoY) increase compared to Rp392.86 billion in the same period last year. Hana Bank's strong performance was attributed to its strategic focus on micro, small, and medium enterprises (MSMEs) and retail banking, as well as efforts to boost fee-based income while maintaining stable funding management. Chief Personal Banking Officer Stefen Loekito expressed confidence in achieving double-digit profit growth of 15.66% YoY by the end of 2025 through these strategies.

Diverse Performance Across Other Korean-Backed Banks

Other Korean-invested banks showed varied performances:

• PT Bank KB Indonesia Tbk. (KB Bank) reported a net profit of Rp288.65 billion after posting a loss of Rp2.68 trillion in September 2024.
• PT Bank Shinhan Indonesia achieved a net profit of Rp228.09 billion, marking a 13.45% YoY increase from Rp201.04 billion in Q3 2024.
• PT Bank Oke Indonesia Tbk. (OK Bank) recorded the highest growth with a net profit of Rp123.20 billion, representing a 274.82% YoY surge from Rp32.87 billion in Q3 2024.
• PT Bank Woori Saudara Indonesia 1906 Tbk. (BWS) saw its net profit plummet by 96.76% YoY to Rp14.69 billion from Rp453.93 billion in Q3 2024.

Strategic Focus and Future Outlook

The varied performance among these banks reflects different strategic priorities and market positioning. Hana Bank's focus on MSME and retail segments, along with fee income growth, contributed to its strong performance. The significant growth at OK Bank indicates successful strategic initiatives, while BWS's sharp decline warrants closer examination of its business operations and market conditions.