Indonesia's Top 5 Banks in 2024: Who Will Be the Winner?

Market

Lite

Erlina Fury Santika 14/02/2025 18:32 WIB

URL has been copied

Memuat...

Based on financial reports compiled by Databoks, five major Indonesian banks recorded the highest profits in 2024. Which bank topped the list?

Net Profit of Indonesia's 5 Largest Banks (2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Top 5 Banks in 2024: Who Will Be the Winner?

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Net Profit of Indonesia's 5 Largest Banks (2024)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Several large-asset banks in Indonesia, which can be referred to as major banks, have released their 2024 financial reports.

These five major banks include Bank Mandiri, BRI, BCA, BNI, and BTN. All five banks, mostly state-owned enterprises (SOEs), recorded profits exceeding Rp1 trillion.

Among these banks, BRI recorded the highest net profit, while BTN recorded the lowest. Here's a summary:

* BRI: Rp60.15 trillion

The financial report of PT Bank Rakyat Indonesia (BRI) shows that the state-owned bank's net profit reached Rp60.15 trillion in 2024.

This profit increased by only 0.09% year-on-year (YoY) from Rp60.09 trillion in 2023.

However, interest and sharia income increased by 9.96% (YoY), from Rp181.21 trillion in 2023 to Rp199.26 trillion in 2024.

Nevertheless, the interest expense for the issuer with the stock code BBRI reached Rp56.2 trillion in 2024, up from Rp42.65 trillion in 2023. Sharia expenses amounted to Rp1 trillion in 2024, down from Rp1.15 trillion in 2023.

As a result of these expenses, net interest and sharia income reached Rp142.05 trillion in 2024, up 3.38% from Rp137.4 trillion in 2023.

* Bank Mandiri: Rp55.78 trillion

PT Bank Mandiri Tbk reported that its net profit attributable to the parent entity amounted to Rp55.78 trillion in 2024.

This figure increased by 1.31% year-on-year (YoY) from Rp55.06 trillion in 2023.

The issuer with the stock code BMRI recorded net interest and sharia income of Rp104.27 trillion in 2024. This income increased by 6.39% (YoY) from Rp98 trillion previously.

* BCA: Rp54.83 trillion

PT Bank Central Asia Tbk (BCA) recorded a net profit attributable to the parent entity of Rp54.83 trillion throughout 2024.

According to the company's financial report, this figure grew by 12.74% year-on-year (YoY) from Rp48.63 trillion in 2023.

Net interest and sharia income was recorded at Rp82.26 trillion in 2024, an increase of 9.77% (YoY) from Rp74.93 trillion in 2023.

* BNI: Rp21.46 trillion

The performance report of PT Bank Negara Indonesia (BNI) shows that the net profit attributable to the parent entity amounted to Rp21.46 trillion in 2024.

This net profit increased by 2.65% year-on-year (YoY) from Rp20.9 trillion in 2023.

Net interest income for the issuer with the stock code BBNI reached Rp40.48 trillion in 2024. However, this figure decreased by 1.92% (YoY) from Rp41.27 trillion previously.

* BTN: Rp3 trillion

PT Bank Tabungan Negara (BTN) Tbk revealed that this state-owned bank earned a net profit of Rp3 trillion throughout 2024.

Unfortunately, this result decreased by 14.1% year-on-year (YoY) from Rp3.5 trillion in 2023.

Interest and profit-sharing income for the issuer with the stock code BBTN increased by 3.03% (YoY), from Rp24.72 trillion in 2023 to Rp25.47 trillion in 2024.

However, interest expense also swelled by 21.9% year-on-year to Rp17.84 trillion. As a result, net interest and profit-sharing income fell by 14.42% (YoY) to Rp11.49 trillion from Rp13.43 trillion in 2023.

(See also: [State-Owned Bank Stock Prices Weaken Over the Past Year (February 10, 2025)])

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."