Bank Rakyat Indonesia Q3 Profit Surges 16.8% to Rp 48.2 Trillion on Strong Loan Expansion and Cheap Funding Gains

JAKARTA, Investortrust.id — PT Bank Rakyat Indonesia (Persero) Tbk posted a 16.82% year-on-year increase in consolidated net profit for the first nine months of 2026, driven by brisk loan disbursements to small businesses, improved efficiency, and an expanding low-cost funding base that shielded margins against high operating costs.

The state-controlled microfinance powerhouse, which trades under the ticker BBRI on the Indonesia Stock Exchange, generated Rp 48.2 trillion in consolidated net earnings through September, up from Rp 41.2 trillion in the corresponding period of 2025. The result highlights resilient domestic borrowing among micro and small enterprises despite shifting macroeconomic currents, allowing the lender to comfortably outpace broader industry credit growth.

“Previously, we conveyed that BRI's performance was entering a 'Growth is Back' phase,” BRI President Director Hery Gunardi said during a virtual press briefing in Jakarta on Monday. “Today, performance through September 2026 demonstrates that this expansion continues, underpinned by stronger business fundamentals, improving operational efficiency, and rising profitability. Let’s make it last.”

Lending Outpaces Sector Baseline

Consolidated credit and financing grew 14.5% year on year to reach Rp 1,647 trillion at the end of the third quarter, surpassing the nationwide commercial banking sector's credit growth rate of 13.26%. Total assets expanded 10.1% to roughly Rp 2,338 trillion.

Micro, small, and medium enterprise (MSME) borrowers remained the engine of the bank's balance sheet, accounting for 75.9% of the total loan book, or approximately Rp 1,250 trillion. Beyond its traditional microfinance core, consumer lending grew 9% to Rp 242.9 trillion, lifted by a 13.1% rise in home mortgages (BRI KPR), an 8.9% uptick in multipurpose personal loans (BRI Multiguna), and a sharp fourfold surge in automotive vehicle financing (BRI KKB), which soared 302.8%.

The rapid balance sheet expansion was paired with healthier credit metrics. The lender's gross non-performing loan (NPL) ratio improved to 2.9% from 3.1% a year earlier, while its cost of credit (CoC) fell 40 basis points to 2.8%.

“This milestone reinforces BRI’s consistent commitment to the people’s economy by continuously strengthening financing access for MSMEs as the backbone of the national economy and job creation,” Hery said. “Our credit expansion strategy prioritizes prudence and selective underwriting. What matters most is not merely volume, but ensuring these loans sustain grass-roots economic activity while generating sustainable returns.”

Low-Cost Deposits Cross 70% Threshold

Funding resilience played a pivotal role in lifting consolidated net interest income (NII) by 6.2% year on year to Rp 117.9 trillion. Total third-party funds (DPK) increased 12% to Rp 1,651 trillion, up from Rp 1,475 trillion in the third quarter of 2025.

The bank accelerated its drive to gather low-cost current account and savings account (CASA) balances through digital app integration, transaction banking, and merchant ecosystem rollouts. Total CASA deposits climbed 15.9% to Rp 1,156.4 trillion, pushing the CASA proportion to 70% of total deposits from 67.6% a year earlier.

“Deposit expansion was supported by gains across all primary funding components,” said BRI Director of Finance and Strategy Achmad Royadi. “Current accounts grew 19.2% to Rp 518.7 trillion, while savings rose 13.4% to Rp 637.7 trillion.”

BRI Director of Network and Retail Funding Aquarius Rudianto noted that the surge in cheap retail balances insulates bank liquidity and keeps funding expenses contained as credit demand gathers momentum. Bank-only cost of funds (CoF) eased to 2.6% in the third quarter from 3% a year earlier.

“We are deploying three core pillars to bolster low-cost funding: optimizing digital distribution, widening our merchant transaction ecosystems, and expanding commercial transaction banking capabilities,” Aquarius said. “This ensures our funding framework stays sound and cost-effective as we accelerate selective credit across micro lending and value-chain financing in the commercial and corporate segments.”

Capital Buffers and Subsidiary Contributions

Efficiency metrics reflected operational cost controls under the bank’s corporate transformation roadmap, known as BRIvolution Reignite. The bank's cost-to-income ratio (CIR) improved to 40% from 42.8% in the third quarter of 2025.

Profitability ratios advanced in tandem. Return on assets (ROA) strengthened to 2.8%, while return on equity (ROE) climbed to 19.2% from 17% a year ago. Capital adequacy remained heavily insulated, with the bank recording a consolidated Capital Adequacy Ratio (CAR) of 23%, alongside an entity-level loan-to-deposit ratio (LDR) of 87.8%.

Earnings diversification gathered steam from the bank's non-bank financial subsidiaries, which encompass pawn-broking, micro-leasing, life insurance, and securities underwriting. Subsidiary net income totaled Rp 11.8 trillion through September, an increase of 43.5% that contributed 24.4% of total consolidated earnings.

“Through BRIvolution Reignite, our aim is to ensure BRI grows with a stronger funding profile, enhanced asset quality, and diversified profitability engines,” Hery said. “Sustainable growth must create long-term shareholder value while delivering tangible economic benefits to the broader community.”