PT Bank Danamon Indonesia (BDMN) Q1 2025 earnings summary

Executive summary

• Total assets increased 11% YoY to Rp250.8 trillion, driven by higher lending and funding balances.

• Lending grew 7% YoY to Rp192.7 trillion, with funding up 5% YoY to Rp168.6 trillion; granular funding up 6% YoY.

• Net profit after tax (NPAT) declined 9% YoY to Rp757 billion, while Q1 2025 net income was Rp778.7 billion, down 10% YoY.

• Maintained strong capital position with CAR at 25.23%.

Financial highlights

• Net interest income decreased 1% YoY to Rp3.86 trillion; non-interest income also down 1% YoY.

• Pre-provision operating profit (PPOP) fell 10% YoY to Rp2.04 trillion.

• Cost of credit improved by 11% YoY, reflecting better asset quality.

• CASA ratio declined to 42.4% from 48.9% YoY, while time deposits increased 19% YoY.

• Total customer deposits stood at Rp149.1 trillion as of 31 March 2025.

Outlook and guidance

• GDP growth in Indonesia is expected to soften in 2025 due to global trade uncertainty and weaker external demand.

• Market anticipates three Fed rate cuts in 2025, with stable BI rates projected.

• Lending and funding growth expected to continue, supported by strategic focus on targeted ecosystems and digital initiatives.

• The bank continues to focus on prudent risk management and maintaining strong liquidity and capital buffers.