BRI Profit Stabilizes at Rp 41.23 Trillion as Loan Growth and Dividend Momentum Signal Recovery
Key Takeaways
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JAKARTA, Investortrust.id — State-owned lender Bank Rakyat Indonesia has reported a consolidated net profit of Rp 41.23 trillion for the nine months ended September 2025, in line with market expectations even as earnings dipped 9.10% year on year.
The figure matched the Bloomberg consensus projection of Rp 41.02 trillion for January–September, with analysts estimating quarterly earnings at Rp 14.79 trillion. Despite the modest decline, the bank’s management said performance had begun to stabilize, reflecting early signs of asset-quality improvement.
According to BRI’s financial statement published on Thursday, Oct 30, 2025, total loans disbursed reached Rp 1,438.11 trillion, up 6.26% from a year earlier. Micro, small, and medium enterprise (MSME) loans accounted for 80.02% or Rp 1,150.73 trillion of the portfolio. The bank’s gross non-performing loan (NPL) ratio rose slightly to 3.29%, with net NPL at 1.04%. Coverage stood at a solid 183.09%.
BRI also reinforced its commitment to supporting small borrowers through the government’s People’s Business Credit (KUR) program. By the end of September 2025, it had distributed Rp 130.2 trillion in KUR to 2.84 million borrowers, equivalent to 74.4% of this year’s total allocation of Rp 175 trillion.
Most of BRI’s KUR loans went to productive sectors, including agriculture, fisheries, trade, manufacturing, and services, which together represented 64.31% of total distribution. Agriculture led the way with Rp 58.37 trillion in financing, or 44.83% of all KUR disbursements.
The bank said the reach of KUR to households continued to expand. By September 2025, 18 out of every 100 households had received BRI’s KUR, compared with 14 in 2022 and 15 in 2023. Cumulatively, since 2015 BRI has extended Rp 1,387 trillion in KUR to 45.5 million borrowers across Indonesia.
On the income side, BRI’s net interest income rose 2.9% year on year to Rp 110.99 trillion, while fee-based income increased modestly to Rp 15.7 trillion from Rp 15.3 trillion. The results underscore the bank’s prudence in managing asset quality amid a slower economy.
In funding, customer deposits grew 8.24% year on year to Rp 1,474.78 trillion. Low-cost deposits or CASA (current account savings account) made up 67.65% of total funding, while the loan-to-deposit ratio (LDR) stood at a healthy 87.05%.
Total assets reached Rp 2,123.45 trillion at the end of the third quarter, up from Rp 1,992 trillion in December 2024, consolidating BRI’s position as Indonesia’s largest bank by assets.
Disclaimer: This valuation summary is based on InvestingPro data as of October 30, 2025. It is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Market conditions and company fundamentals may change without notice.
Valuation
According to InvestingPro data as of late October 2025, PT Bank Rakyat Indonesia Tbk, or BBRI, is trading at Rp 3,950 per share, reflecting a 1.54% gain on the day. The stock’s 52-week range stands between Rp 3,360 and Rp 4,870. Based on InvestingPro’s fair-value models, BBRI’s average intrinsic value is estimated at Rp 4,573.59, implying a potential upside of around 15.8% from the latest market price.
Analyst consensus remains positive, with 21 analysts setting an average target price of Rp 4,551, within a range of Rp 3,340 to Rp 5,400. The company’s fundamentals are underpinned by strong dividend consistency—BRI has raised its dividend for three consecutive years—and a solid payout track record, even as profit margins remain relatively tight.
InvestingPro’s model ranks BBRI’s overall financial health in the “Fair” category, with particularly steady growth and cash-flow health scores. The bank’s valuation metrics continue to highlight it as one of the most attractive blue-chip plays in Indonesia’s financial sector, supported by sustainable earnings, a wide MSME lending base, and stable dividend yields.