Bank Danamon Posts 35% Net Profit Growth in Q1
Translated from Indonesian, summarized and contextualized by DistantNews.
TLDR
- Bank Danamon Indonesia reported a consolidated net profit of Rp 1.1 trillion in the first quarter of 2026, a 35% increase year-on-year.
- The bank's operational income before provisioning grew 12% year-on-year to Rp 2.6 trillion.
- Total loans and trade finance increased by 9% year-on-year to Rp 216.2 trillion, supported by growth across various business lines.
Tempo is pleased to report that PT Bank Danamon Indonesia Tbk has kicked off 2026 with a robust financial performance, posting a consolidated net profit of Rp 1.1 trillion in the first quarter. This represents a significant 35 percent surge compared to the same period last year, signaling a strong start to the year for the Indonesian banking sector.
The bank's operational strength is further evidenced by a 12 percent year-on-year growth in operational income before provisioning, reaching Rp 2.6 trillion. Coupled with a 13 percent improvement in credit costs, Danamon achieved a consolidated operational profit of Rp 1.1 trillion. The bank's net interest margin (NIM) stood at a healthy 7.6 percent, reflecting efficient management of its lending activities.
Nobuya Kawasaki, President Director of Danamon, expressed satisfaction with the bank's performance, stating, "Danamon has started 2026 with strong financial performance, recording growth in loan disbursement, fund gathering, and profitability, while maintaining asset quality by prioritizing prudence." The bank's total loans and trade finance reached Rp 216.2 trillion, an increase of 9 percent year-on-year. This growth was broadly supported by an 11 percent rise in Enterprise Banking & Financial Institution loans, 9 percent in SME Banking, 7 percent in Consumer Banking, and 5 percent in Adira Finance. Furthermore, the bank saw a substantial 16 percent year-on-year increase in current account and savings account (CASA) and deposits, reaching Rp 176.1 trillion, indicating strong customer confidence and deposit mobilization capabilities.
Danamon mengawali tahun 2026 dengan kinerja keuangan yang kuat, dengan mencatatkan pertumbuhan pada penyaluran kredit, penghimpunan dana, serta profitabilitas, serta tetap menjaga kualitas aset dengan mengedepankan prinsip kehati-hatian.
Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.