PT Bank Negara Indonesia (Persero) Tbk, or BNI, posted solid performance through the first quarter of 2026. This achievement was attained amid global uncertainty and geopolitical conditions—particularly the war in the Middle East—which have impacted oil prices, driven up inflation, and influenced central bank interest rate policies in various countries.
Domestically, BNI views the combination of monetary and fiscal policies as a crucial buffer for the national economy.
From a monetary perspective, Bank Indonesia’s (BI) benchmark interest rate is at a level that strikes a balance between supporting growth and maintaining stability. In addition, BI has implemented various policies to maintain the stability of the rupiah’s exchange rate, which is crucial for preserving the confidence of investors and businesses amid global pressures.
Meanwhile, from a fiscal policy perspective, the government has implemented stimulus measures such as social assistance, energy subsidies, and support for the business sector to protect household purchasing power and bolster domestic consumption as the primary driver of economic growth.
In addition to consumption-driven spending, the government is also focusing on productive spending that can boost economic growth and national competitiveness. The banking sector remains in a strong position to continue driving the national economy forward.
In the face of these dynamics, BNI is confident in its ability to demonstrate the solid fundamental resilience it has built over the years. This is reflected in its strong capital and liquidity positions, resilient asset quality, and adequate provisioning levels to maintain a sound risk profile. Furthermore, BNI continues to implement proactive measures and maintain readiness to ensure the bank can navigate the ongoing global uncertainties.
BNI President Director Putrama Wahju Setyawan said that this achievement reflects the resilience of BNI’s business model, which has been built through the strengthening of fundamentals, productivity, and continuous transformation.
“BNI continues to maintain its growth momentum while upholding the principles of prudence and discipline in risk management amid challenging global dynamics,” said Putrama.
In an effort to strengthen its capital base, BNI took a proactive step by issuing USD 700 million in Additional Tier-1 (AT1) instruments—equivalent to IDR 11.9 trillion—in April 2026. This capital strengthening further enhances BNI’s capacity to anticipate potential risks while paving the way for sustainable and healthy business expansion in the future.
In line with this strategy, BNI is also implementing a business transformation focused on regions, areas, and branches through the BRAVE initiative (Branch, Region, Area, Value, Empowerment). Driven by the spirit of “empowerment,” this transformation aims to enhance BNI’s network capabilities down to the smallest operational units—specifically, empowering branches and sub-branches as the primary points of sale for banking products and services.
This transformation began in Q4 2025 with a phased implementation model. The goal is that, with the implementation of BRAVE, credit and CASA growth will be of high quality and sustainable, leading to an increase in BNI’s market share in the banking industry, and ultimately resulting in improved productivity at BNI’s branches, which currently number more than 1,700 across Indonesia.
Approximately six months after the BRAVE initiative was launched, BNI successfully recorded business growth that exceeded the industry average, both in terms of loan disbursement and third-party deposit mobilization. As of March 2026, BNI’s loans grew by 20.1% year-on-year, supported by an increasingly robust CASA funding structure that grew by 26.6% year-on-year, thereby helping to maintain cost of funds efficiency amid challenging market conditions.
A Strategic Role in Driving the National Economy
As a national bank with global capabilities, BNI reaffirms its role as an active contributor to the national economy—not only as a financial intermediary but also as a strategic partner of the government in promoting inclusive and sustainable growth.
In line with the government’s priorities and the Asta Cita, these contributions are focused on strategic sectors such as education, health, food security, strengthening the rural economy, and the real sector, which serves as the primary driver of job creation and regional development.
This role is realized through targeted financing, the strengthening of financial services, and the optimization of digitalization to ensure that development programs are effective and have a broad impact. In the Free Nutritious Meals Program (MBG), BNI plays a role by providing digital transaction solutions through Virtual Accounts and BNIdirect to improve efficiency and transparency.
Through the Sekolah Rakyat Program, BNI provides integrated digital banking services, including account opening for students and educators, as well as strengthening the financial ecosystem through Agen46. Meanwhile, support for MSMEs, cooperatives, and villages continues to be strengthened through financing for the KDMP program linked to Agen46, as well as participation in the 3 Million Homes Program through the distribution of FLPP home loans.
“BNI will continue to serve as a strategic partner to the government in promoting inclusive economic growth, while also strengthening its role in improving the well-being of the community in a sustainable manner,” Putrama emphasized.
BRAVE as the Foundation for Long-Term Growth
Putrama added that BNI continues to pursue its transformation program in response to changing market conditions and increasingly fierce competition, one of which is through the BRAVE initiative.
Through BRAVE, BNI is implementing a program to empower branches (including sub-branches) as the primary points of sale for business acquisition, regions as the strategic guides for business execution in their respective areas, and areas as the coordinators of business execution.
Network expansion is also carried out by optimizing the coverage areas of each branch based on regional potential and supported by digital capabilities, thereby enabling more effective marketing activities and resource allocation.
“This approach ensures that every part of the organization has a clear and integrated role, so that the execution of business strategies can proceed more quickly and effectively, delivering optimal results in each region,” added Putrama.
Equally important, Putrama added, is the enhancement of human resource capabilities, achieved through development programs, coaching, and mentoring, as well as through exposure to the implementation of this new business model. BNI’s frontline talent will possess the comprehensive capabilities, skills, and experience required of a banker, thereby serving as a vital asset and foundation for sustained long-term performance growth—especially in a service-based industry such as banking.
Strong Fundamentals Supported by CASA and Asset Quality
BNI Finance & Strategy Director Hussein Paolo Kartadjoemena, stated that BNI’s financial performance has shown positive and balanced growth, supported by the company’s success in strengthening its increasingly solid low-cost funding base (CASA). This robust funding structure has enabled credit expansion while maintaining funding cost efficiency and indicating an increase in market share amid intense competition for liquidity.
Strong growth in third-party funds (DPK) was one of the key drivers of BNI’s financial performance throughout the first quarter of 2026. BNI’s low-cost funding (CASA) grew by 26.6% year-over-year (YoY) to IDR731.6 trillion as of March 2026, driven by a 39.7% YoY increase in demand deposits and a 10.4% YoY rise in savings.
This achievement was not attained overnight, but rather is the result of efforts across every business line—particularly the performance of our branches—supported by the digital channels BNIdirect and wondr by BNI. By the end of March 2026, BNI had increased its CASA market share by 120 basis points, from 10.1% in March 2025 to 11.3% in February 2026. As a positive outcome, funding costs have become more efficient.
Digital platforms have also been a key driver in fueling this growth. As of March 2026, the number of wondr by BNI users has exceeded 13 million, with a significant increase in engagement, directly contributing to the growth of retail savings. Meanwhile, the BNIdirect platform also recorded user and transaction value growth of over 16% year-over-year, which has helped strengthen corporate checking account balances and improve service efficiency for the business segment.
Stronger CASA growth drove loan disbursements, which recorded healthy growth of 20.1% year-over-year to reach IDR919.3 trillion in March 2026. These loan disbursements grew evenly across both business banking and retail consumer segments to support national economic growth.
A solidly growing funding structure and healthy credit expansion supported a 12.1% year-over-year increase in net interest income (NII). At the same time, non-interest income grew by 12.6%, driven primarily by higher fees from transactions on digital platforms or e-channels. This positive performance supported the achievement of Pre-Provision Operating Profit (PPOP) of IDR9.3 trillion, which is the highest figure compared to the first quarter of previous years.
In terms of asset quality, performance continued to improve, with the Non-Performing Loan (NPL) ratio declining to 1.9%, Loans at Risk at 8.6%—an improvement over pre-pandemic levels—and credit costs at 1.1%, in line with guidance.
A combination of healthy business growth, increases in net interest income and non-interest income, and increasingly resilient asset quality resulted in net income of IDR5.6 trillion through the first quarter of 2026.
BNI’s financial fundamentals also remain strong, as evidenced by a Loan-to-Deposit Ratio (LDR) of 83.5% and a Minimum Capital Adequacy Ratio (MCAR) of 18.5%, well above regulatory requirements. This reflects optimal intermediation and a sound capital structure.
“This performance reflects a balance between business growth, efficiency, and disciplined risk management,” said Paolo.
Capital Strengthening Through AT1 Instruments
Paolo explained that, as part of efforts to strengthen its capital structure, the company issued USD 700 million in Additional Tier-1 (AT1) instruments—equivalent to IDR11.9 trillion—in April 2026.
This AT1 issuance is the second following the one conducted in 2021, and reflects the high level of confidence among global investors, as evidenced by demand exceeding USD2.5 billion—a 3.6-fold oversubscription of the issuance amount.
These AT1 instruments are subordinated, perpetual, and non-cumulative, and were issued in the global market under Regulation S and listed on the Singapore Exchange (SGX) as part of the company’s capital structure optimization strategy.
Sustainability Practices
BNI Risk Management Director David Pirzada, stated that BNI continues to promote the comprehensive implementation of sustainability strategies, both in its operational activities and in its financing operations.
This commitment is reflected in the strengthening of sustainable finance initiatives, as well as the integration of LST/ESG and TJSL principles into long-term policies, to ensure a balance between business performance and contributions to the environment and society.
This commitment is reflected in the issuance of a IDR5 trillion Sustainability Bond in 2025 with an “idAAA” rating, as well as a IDR5 trillion Green Bond in 2021, the proceeds of which were used to support environmentally and socially responsible financing in accordance with national and international standards.
“BNI is committed to continuing to expand sustainable financing as part of its tangible contribution to supporting the transition to a green economy,” said David.
On the financing side, BNI continues to expand its sustainable portfolio through Sustainability-Linked Loans (SLLs) and green financing schemes to drive improvements in customers’ ESG performance and support efforts to reduce emissions toward the Net Zero Emissions 2060 target.
As a pioneer in Green Banking and an Agent of Development, BNI integrates the principles of sustainable finance into its values, work culture, business strategies, and operational policies. BNI also plays an active role in driving the national green transition by utilizing the Indonesian Sustainable Finance Taxonomy (TKBI) to direct investments toward sustainable projects.