BRI on track to hit full-year target despite lower Q3 profit results

Credit costs are guided to have a slight improvement in 2026.

Bank Rakyat Indonesia (BRI) saw its net profit fall 5.6% year-on-year (YoY) to INR15.4t in Q3, with provision expenses declining and non-interest income increasing. Compared to Q2, however, its net profit improved 15.1%.

For the first nine months of 2025, net profit is down 9.5% to INR40.8t, but still on track to meet full-year expectations of UOB Kay Hian (UOBKH).

Loans grew 6.3% in Q3 after bottoming from the low in early-2025, supported by consumer and corporate loans. Loan growth disbursement is expected to be stronger in Q4 2025, which will allow BRI to achieve its loan target of a 7%-9% growth for the whole year, said UOBKH analyst Posmarito Pakpahan in a company results report.

Management guided that credit costs will have a slight improvement in 2026, with a preliminary 2026 CoC guidance of 2.9%-3.2%.

“Asset quality deterioration has peaked, with some signs of stabilisation. Write-offs and restructuring loans trended down,” Pakpahan wrote.