
Bank Negara Indonesia banks on wholesale loans for better loan growth in H2
The bank said its wholesale loan quality remains resilient.
Bank Negara Indonesia (BNI) is expected to record better loan growth in the second half of FY2025.
Whilst H1 2025 loan growth was “slightly below guidance,” the bank has reportedly expressed optimism for the second half of the year, banking on its wholesale loans, said CGS International.
“It said it has a good pipeline in wholesale loans (agriculture, F&B, manufacturing, telco, and transport) and plans to focus on [small and medium enterprise or SME] loans post asset quality clean-up over the last two years,” the investment house said in a report on 25 July.
The Indonesian bank reported a net profit of IDR4.7t for Q2 2025, 12.2% year-on-year (YoY) lower, bringing its H1 2025 net profit to IDR10t, a 5.6% YoY decline.
Lower-than-expected net interest margins (NIM) led to the decline. NIM fell 20 basis points (bp) quarter-on-quarter to 3.7% in Q2 as deposit liquidity remained challenging, according to CGS International.
BNI said that wholesale loan quality remains resilient.
“Meanwhile, BNI said it saw signs of stress in the consumer loan book,” CGS International said. The consumer loan book makes up 19% of its total loans.
This is due to mortgage nonperforming loans (NPLs) creeping up to 3% in Q2.
BNI has been actively rebalancing its portfolio to focus on higher yield segments, particularly the SME segment. After years of contraction, the middle-income segment is starting to show signs of recovery with positive momentum expected until the end of the year, said CGS International, citing statements by BNI.