PT Bank Maybank Indonesia Tbk. reported consolidated financial results for the first half of fiscal year 2026, with Profit Before Tax (PBT) increasing 21.8% year-on-year to Rp933 billion and Profit After Tax and Minority Interest (PATAMI) rising 21.2% to Rp698 billion.

The financial results covered the six months ended 30 June 2026 and were announced on (31/07).

The Bank said the increase was supported by lower funding costs resulting from an improved funding mix and continued cost management.

Profit Increases on Higher Net Interest Income and Cost Management

Gross operating income increased 1.9% year-on-year to Rp4.64 trillion. Net Interest Income (NII) rose 3.9% due to lower interest expenses, while Net Interest Margin (NIM) stood at 4.3% during the first half of FY26.

Non-Interest Income declined 5.4% because Global Markets trading income decreased amid continued market volatility and geopolitical uncertainties.

The decline was partly offset by an 8.0% increase in fee income from Wealth, auto loans, and retail banking services.

Fees from Wealth increased 39.0%, auto loan fees rose 27.5%, and retail banking-related fees increased 54.3%.

Overhead expenses increased 0.8% year-on-year. Operating income before provisions rose 4.7% to Rp1.29 trillion, while loan loss provisions improved by 19.0%.

Compared with the first quarter of 2026, gross operating income increased 9.1% in the second quarter, supported by 4.5% growth in Net Interest Income and a 29.6% increase in Non-Interest Income.

Overhead expenses declined 2.7%, while Profit Before Tax increased 34.8% to Rp536 billion and PATAMI rose 33.2% to Rp398 billion.

Compared with the second quarter of 2025, gross operating income increased 9.9%. Profit Before Tax reached Rp536 billion, up 106.2% year-on-year, while operating income before provisions increased 51.6%.

Loans and Customer Deposits Continue to Grow

Global Banking loans increased 5.0% year-on-year to Rp54.98 trillion. The increase was driven by 18.0% growth in Large Local Corporates loans and 24.3% growth in Business Banking loans.

Community Financial Services (CFS) retail and non-retail loans increased 2.9% to Rp71.30 trillion. CFS non-retail loans rose 1.7%, supported mainly by a 14.4% increase in SME+ loans.

CFS retail loans increased 3.4%, mainly driven by a 6.5% increase in subsidiaries' auto financing. Credit card and personal loans also increased 11.2% year-on-year.

Total loans outstanding increased 3.8% to Rp126.28 trillion, while total assets rose 15.6% to Rp213.81 trillion.

Customer deposits increased 8.2% to Rp124.10 trillion, supported by a 22.4% increase in Current Accounts and Savings Accounts (CASA). Current Accounts increased 32.1%, while Savings Accounts rose 4.8%.

Time Deposits declined 10.1% as the Bank continued to optimise its funding mix. The CASA ratio improved to 63.6% from 56.2% in June 2025.

Transaction volume on the Bank's M2U retail banking platform increased 20.8% year-on-year to 17.5 million transactions. Digital savings account balances opened through the platform increased 23.2%.

Transaction volume on the M2E corporate banking platform increased 5.6%. Current account balances on the platform rose 34.3% year-on-year to Rp44.7 trillion.

Capital, Liquidity and Asset Quality Remain Strong

Gross Non-Performing Loans (NPL) improved to 2.1% in June 2026 from 2.4% a year earlier. Net NPL improved to 1.3% from 1.5%.

The Bank reported a Capital Adequacy Ratio (CAR) of 24.3% and a Common Equity Tier 1 (CET1) capital ratio of 23.2%.

The Loan-to-Deposit Ratio (LDR) stood at 86.6%, while the Liquidity Coverage Ratio (LCR) was 138.2% and the Net Stable Funding Ratio (NSFR) reached 110.7%.

Shariah Banking Records Higher Profit and Financing

Maybank Indonesia's Shariah Banking business recorded Profit Before Tax of Rp488 billion, an increase of 55.1% year-on-year. The Bank said the growth was supported by higher financing balances, continued funding optimisation, and a 20.0% increase in fee-based income.

Shariah financing increased 11.7% year-on-year to Rp32.96 trillion. Financing under the Global Banking segment increased 8.9%, while Community Financial Services financing grew 14.0%.

Total Shariah financing contributed 29.7% of the Bank's total loans as of June 2026.

Shariah Current Accounts and Savings Accounts increased 19.5%, while Time Deposits declined 31.0%. Customer deposits declined 0.7%, while the CASA ratio improved to 72.2% from 60.0% in June 2025.

Gross Non-Performing Financing (NPF) improved to 2.2% from 2.4%, while net NPF improved to 1.5% from 1.6%. The Financing-to-Deposit Ratio (FDR) stood at 94.5%.

President Director Steffano Ridwan said the first-half FY26 performance reflected the Bank's disciplined execution of its strategic priorities, supported by continued expansion of its lending portfolio, funding mix optimisation, and disciplined cost management 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 Dato' Sri Khairussaleh Ramli said the first-half FY26 performance demonstrated 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."

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

PHOTO: MAYBANK INDONESIA

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