Profit after tax and minority interest (PATAMI) rose 21.2 percent to Rp 698 billion during the January–June period, while gross operating income increased 1.9 percent to Rp 4.64 trillion. The bank said stronger earnings reflected lower interest expense and disciplined cost management, which helped offset weaker global markets income amid geopolitical uncertainties. Fee-based income nevertheless grew 8 percent, driven by wealth management, auto financing and retail banking services.

The bank also continued to expand its lending business, with total loans increasing 3.8 percent year-on-year to Rp 126.28 trillion. Growth was led by global banking, while lending under the community financial services segment also expanded, supported by SME+, consumer financing and retail banking. Customer deposits increased 8.2 percent to Rp 124.1 trillion, underpinned by a 22.4 percent increase in current and savings accounts (CASA), improving the CASA ratio to 63.6 percent. Total assets reached Rp 213.81 trillion, up 15.6 percent from a year earlier.

Maybank Indonesia also maintained healthy asset quality and a strong capital position during the period. Gross non-performing loans stood at 2.1 percent, while the bank maintained robust liquidity and capital buffers. Digital banking continued to gain traction, with transaction volumes on the retail Maybank2u platform increasing 20.8 percent and corporate transactions through Maybank2E rising 5.6 percent year-on-year.

The bank's shariah business also recorded solid growth. PBT rose 55.1 percent to Rp 488 billion, supported by an 11.7 percent increase in financing and continued optimization of its funding mix. Shariah financing accounted for nearly 30 percent of the bank's total loan portfolio as at the end of June.

President director Maybank Indonesia Steffano Ridwan said the results reflected the bank's disciplined execution of its strategic priorities, supported by continued lending expansion and lower funding costs.

"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, while maintaining prudent risk management and healthy asset quality," he said.

President commissioner Maybank Indonesia Dato' Sri Khairussaleh Ramli said the bank's first-half performance underscored the resilience of its business model and its ability to capture growth opportunities while navigating an increasingly uncertain operating environment.

"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," he said.

Popular

Leaving Indonesia, loving Indonesia: A path for diaspora

Press unions demand apology from Prabowo for denigrating comments

Indonesia seeks better US tariff terms after 10% forced-labor duty