Jakarta, August 2025 – Bank SBI Indonesia has once again proven its strong performance and leadership in Indonesia’s banking sector. For the second consecutive year, the Bank has achieved the highest total score (82.54%) in the Infobank 2025 Ratings for the KBMI 1 category—banks with core capital up to IDR 6 trillion and total assets below IDR 10 trillion.
This recognition places Bank SBI Indonesia among an elite group of financial institutions that have demonstrated exceptional performance and resilience in a competitive market.
Outstanding 2024 Performance
Bank SBI Indonesia’s 2024 results reflect a robust growth trajectory that significantly outpaced industry benchmarks:
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Credit Growth: 26.10% year-on-year, far exceeding the industry average of 10.58%, with total loans reaching IDR 3.84 trillion.
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Third Party Funds (TPF) Growth: 21.22%, approximately four times the industry average of 4.48%, increasing from IDR 2.29 trillion in 2023 to IDR 2.79 trillion in 2024.
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Healthy Asset Quality: Non-Performing Loans (NPL) maintained at 2.83%, well below the 5% threshold.
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Strong Capitalization: Capital Adequacy Ratio (CAR) at an impressive 92.83%.
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Operational Efficiency: BO/PO ratio maintained around 70.99%.
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Profitability: Net profit of IDR 110.61 billion, representing a 17.53% increase from 2023, outperforming the industry’s average profit growth of 4.88%.
Leadership and Vision
The Bank’s continued success is attributed to the strategic direction of Akash Shambhu Damniwala, President Director of Bank SBI Indonesia, whose leadership has steered the institution toward sustainable growth and operational excellence.
“Maintaining this top position for two consecutive years is a testament to our team’s hard work, disciplined approach, and the trust placed in us by our customers and partners,” said Mr. Damniwala. “We remain committed to innovation, service excellence, and contributing to Indonesia’s financial growth story.”
As the Bank moves forward, it will continue to invest in technology, customer-centric services, and prudent risk management to ensure consistent value creation for stakeholders. The recognition from Infobank reinforces Bank SBI Indonesia’s position as a trusted and high-performing financial partner for individuals and businesses alike.
About Bank SBI Indonesia
Bank SBI Indonesia is part of the State Bank of India Group, one of the largest banking networks in the world. Operating in Indonesia, the Bank offers a comprehensive range of financial products and services for both retail and corporate clients, combining local market expertise with global banking standards.
