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BRI's nine-month profit rises to IDR 48.2 trn; NPL ratio falls to 2.85% but micro NPLs edge up

Published Data as of IndonesiaCreditSME
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Key points

Implications for lenders

Lenders to micro businesses may take BRI's micro NPL ratio of 3.93%, up from a year earlier, as a reason to review early-arrears triggers and collection capacity, especially in agricultural regions exposed to drought. Lenders competing with BRI for small borrowers may face a market where the largest lender keeps growing loans at 14.5% while staying selective.

Implications

ExecutivesThe rising micro NPL ratio at the largest micro lender is a signal for all lenders to small borrowers to review early-arrears trends by region and sector.
InvestorsProfit growth outpacing net interest income suggests earnings may rely partly on lower credit costs or other income, which may not repeat if micro asset quality keeps weakening.
OperatorsMicro lenders may need drought-related monitoring in farming regions and tighter follow-up on early arrears in the fourth quarter.

Facts

Profit and loans: BRI said at its third-quarter results briefing on 9 November 2026 that consolidated net profit for the nine months to September was IDR 48.2 trn, up 16.82% from IDR 41.2 trn a year earlier. 1 Loans and financing grew 14.5%, year on year, to IDR 1,647 trn at end-September 2026. 2 Micro, small and medium enterprises accounted for 75.9% of loans, about IDR 1,250 trn. 3 Consolidated net interest income grew 6.2%, year on year, to IDR 117.9 trn, 4 and third-party funds grew 12%, year on year, to IDR 1,651 trn from IDR 1,475 trn. 5

Asset quality: the consolidated NPL ratio was 2.85%, down from 2.90% in June 2026 and 3.08% in September 2025. 6 By segment, the SME NPL ratio fell to 4.80%, down from 5.53% in September 2025, 7 while the micro NPL ratio rose to 3.93%, up from 3.84% in September 2025. 8 President Director Hery Gunardi said loan growth would remain prudent and selective. Management said MSME loan growth may slow slightly from the third quarter and flagged drought risk from El Niño in the fourth quarter.

Analysis

Comparison with peers and the system: BRI's loan growth of 14.5% is above banking-system credit growth of 13.26% in September, 9 but well below BNI's 22.2%. 10 Its NPL ratio of 2.85% remains above the banking-system gross NPL ratio of 2.07%. 11 At BNI, the consumer NPL ratio rose to 3.2%, up from 2.6% a year earlier. 12 At both banks, asset quality is weakening in retail segments, micro loans at BRI and consumer loans at BNI, even as BRI's headline ratio improves.

Earnings mix: net interest income grew 6.2%, much more slowly than profit, so other items, such as provisions or non-interest income, contributed to the rise in profit; the press accounts of the briefing give no breakdown.

Counterpoints and uncertainties

Two reports of the same briefing give different year-earlier NPL ratios, and the figures come from press accounts of the briefing; BRI's published financial statements may present consolidated and bank-only figures differently. The micro NPL rise is small and may reflect portfolio mix as well as borrower stress. Management guidance on lower MSME NPLs and the El Niño impact are expectations, not outcomes.

Key figures

  1. BRI consolidated net profit, January–September: IDR 48.2 trn (up 16.82% from IDR 41.2 trn a year earlier). Consolidated net profit of Bank Rakyat Indonesia, nine months to September 2026. Bank Rakyat Indonesia (consolidated). Basis date: 30 Sep 2026. Source: Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  2. BRI loan growth: 14.5% (year on year, to IDR 1,647 trn at end-September 2026). Loans and financing of Bank Rakyat Indonesia, % change year on year. Bank Rakyat Indonesia. Basis date: 30 Sep 2026. Source: Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  3. MSME share of BRI loans: 75.9% (about IDR 1,250 trn). Micro, small and medium enterprise loans as % of BRI's loans and financing, end-September 2026. Bank Rakyat Indonesia. Basis date: 30 Sep 2026. Source: Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  4. BRI net interest income growth, January–September: 6.2% (year on year, to IDR 117.9 trn). Consolidated net interest income of Bank Rakyat Indonesia, nine months to September 2026, % change year on year. Bank Rakyat Indonesia (consolidated). Basis date: 30 Sep 2026. Source: Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  5. BRI third-party funds growth: 12% (year on year, to IDR 1,651 trn from IDR 1,475 trn). Third-party funds (deposits) of Bank Rakyat Indonesia, end-September 2026, % change year on year. Bank Rakyat Indonesia. Basis date: 30 Sep 2026. Source: Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  6. BRI NPL ratio: 2.85% (down from 2.90% in June 2026 and 3.08% in September 2025)
    Another report of the same briefing (Investor Trust) gives the September 2025 ratio as 3.2%.
    . Non-performing loans / total loans, Bank Rakyat Indonesia (consolidated), end-September 2026. Bank Rakyat Indonesia (consolidated). Basis date: 30 Sep 2026. Source: Kontan: Kredit macet UMKM BRI hadapi tekanan, manajemen BRI ungkap strategi pengendaliannya (2026-11-09)
  7. BRI small and medium enterprise NPL ratio: 4.80% (down from 5.53% in September 2025). Non-performing SME loans / SME loans, Bank Rakyat Indonesia, end-September 2026. Bank Rakyat Indonesia, SME segment. Basis date: 30 Sep 2026. Source: Kontan: Kredit macet UMKM BRI hadapi tekanan, manajemen BRI ungkap strategi pengendaliannya (2026-11-09)
  8. BRI micro-loan NPL ratio: 3.93% (up from 3.84% in September 2025). Non-performing micro loans / micro loans, Bank Rakyat Indonesia, end-September 2026. Bank Rakyat Indonesia, micro segment. Basis date: 30 Sep 2026. Source: Kontan: Kredit macet UMKM BRI hadapi tekanan, manajemen BRI ungkap strategi pengendaliannya (2026-11-09)
  9. Bank credit growth, September 2026 (BI): 13.26% (down from 13.65% in August). Bank credit, y/y at month-end, as announced by Bank Indonesia after its Board of Governors meeting. Indonesia, national. Basis date: 30 Sep 2026. Source: Bank Indonesia press release No. 28/233/DKom: BI-Rate Tetap 5,75%: Memperkuat Stabilitas, Mendorong Pertumbuhan Ekonomi (2026-10-21)
  10. BNI loan growth, y/y: 22.2% (to IDR 992.5trn at end-September 2026). Year-on-year growth of BNI's outstanding loans at end-September 2026. Indonesia, single bank. Basis date: 30 Sep 2026. Source: Kontan: Kredit BNI (BBNI) melonjak 22,2%, laba tumbuh 6,6% (2026-10-27)
  11. Gross NPL ratio, banks (KSSK/OJK): 2.07% (down from 2.11% in August). Gross non-performing loans / total loans, Indonesian banks, as reported in the KSSK release. Indonesian banking industry. Basis date: 30 Sep 2026. Source: Bank Indonesia: KSSK press release No. 04/KSSK/Pers/2026 on financial system stability, Q3 2026 (2026-11-03)
  12. BNI consumer-loan NPL ratio: 3.2% (up from 2.6% a year earlier). Non-performing consumer loans / consumer loans, BNI, end-September 2026. Indonesia, single bank. Basis date: 30 Sep 2026. Source: Kontan: Kredit BNI (BBNI) melonjak 22,2%, laba tumbuh 6,6% (2026-10-27)

Sources

  1. Investor Trust: Tumbuh 16,82%, BRI (BBRI) cetak laba Rp48,2 triliun di kuartal III 2026 (2026-11-09)
  2. Kontan: Kredit macet UMKM BRI hadapi tekanan, manajemen BRI ungkap strategi pengendaliannya (2026-11-09)
  3. Investor Trust: NPL turun ke 2,85% pada kuartal III 2026, BRI (BBRI) siapkan jurus baru hadapi risiko kredit UMKM (2026-11-09)
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A Japanese version of this article is available: 日本語版

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