JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) recorded a net profit of IDR 1.63 trillion in January 2025, growing 9.70% year-on-year (yoy) or from the same period last year.

This growth was the highest among the 3 big banks or jumbo banks in Indonesia, such as PT Bank Central Asia Tbk (BBCA), PT Bank Mandiri (Persero) Tbk (BMRI), and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).

According to data compiled by IDNFinancials.com, BBCA's net profit growth in January 2025 was only 5.77% yoy to IDR 4.73 trillion. Meanwhile, BMRI's profit growth in this period reached 4.46% yoy to IDR 4.01 trillion.

Unlike BBNI and BMRI, BBRI's net profit fell 58% yoy to IDR 2 trillion in January 2025. In fact, this state-owned bank, became the bank with the largest net profit in Indonesia in 2024.

The Financial Services Authority (OJK) also recently reported the profitability performance of the banking industry which slowed slightly in January 2025. This is reflected in the average Net Interest Margin (NIM) of banks, which is only at the level of 4.50%. Whereas in the December 2024 period, the banking NIM was at the level of 4.62%.

Since the beginning of this year, BBRI's share price fell 3.19% to Rp3,950 until the close of trading on Thursday (6/3) yesterday. Meanwhile, BMRI's share price fell 14.56%, BBCA fell 7.24%, and BBNI rose 5.52%. (KR/LM)