26 February 2026
XA Update Report | PT Bank Negara Indonesia Tbk. (BBNI) — FY25: Liquidity Strengthening First, Asset Quality Remains Stable, But Profits Remain Under Pressure
BBNI recorded a net profit contraction of -6.6% YoY to IDR 20.0T in FY25, mainly due to higher provisioning expenses as management adopted a more conservative stance, particularly in 4Q25 (FY24: IDR 21.5T | Quarterly basis: -1.9% QoQ & -4.4% YoY | 4Q24: IDR 5.11T, 3Q25: IDR 5.02T & 4Q25: IDR 4.93T). Net Interest Margin (NIM) in FY25 compressed to 3.8% (FY24: 4.2%
