Jakarta. Citi Indonesia posted a Rp 2.3 trillion net profit ($137.43 million) as of September 2025, up 4.09 percent year on year, supported by a 10 percent jump in net interest income and a steady low-cost funding ratio at 78 percent.

Chief Executive Officer Batara Sianturi said the bank continues to focus on “strong and sustainable growth,” adding that the performance reflects clients’ trust-driven engagement with Citi.

Citi Indonesia disbursed Rp 27.24 trillion in loans as of September, down from Rp 30.51 trillion a year earlier. Batara attributed the decline to a large repayment in foreign-currency loans by a state-owned company after successfully issuing a global bond. “Rupiah loans are positive both year to date and year on year. The drop came from one big dollar repayment,” he said during a press briefing in Jakarta on Tuesday.

The bank reported continued momentum in its banking franchise, reinforcing its commitment to providing integrated solutions for local firms, multinationals, financial institutions, and public-sector clients. In treasury and trade solutions (TTS), Citi booked a 3 percent annual growth in the third quarter. The bank also expanded its omnicollection network for retail and e-commerce fund flows.

Batara said Citi is finalizing its 2026 business plan (RBB), which will be submitted to the Financial Services Authority later this month. He noted that liquidity remains adequate, with rupiah loan-to-deposit ratio at 91 percent and foreign-currency LDR around 73 percent, supported by government liquidity buffers.

Batara added that banks have been slowly reducing lending rates, although the pace lags Bank Indonesia’s 150 bps rate cuts since September 2024. Lending rates have fallen only 18 bps so far. “On the demand side, we’re seeing more multinational investment coming in. When liquidity flows in, that becomes capital to build factories, not just parked in banks,” he said.

Chief Economist Helmi Arman said BI still has room to cut rates twice more before the first quarter of 2026. For the November policy meeting, he expects the BI Rate to be kept at 4.75 percent, citing tight yield differentials between Indonesian and US bonds, ongoing outflows from government bonds and Bank Indonesia’s rupiah securities (SRBI), and stable inflation near 2.5 percent.

Helmi projects BI will trim rates by 25 bps each in December 2025 and March 2026, bringing the policy rate to 4.5 percent and 4.25 percent, respectively. He forecasts Indonesia’s economy to grow 5.1 percent this year and improve to 5.3 percent in 2026. “Counter-cyclical policies are starting to show their effect,” he said.