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  5. Banking - Note - [NEUTRAL] - Resilient growth amid volatility

Banking - Note - [NEUTRAL] - Resilient growth amid volatility

May 11, 2026

Aggregated 1Q26 PBT (27 listed banks) surged +14.2% yoy and -3.1% qoq. This strong performance was driven by 1) robust credit growth, 2) recovery of service activities, 3) strong growth from other incomes, and 4) controllable operating expenses. As a result, 1Q26 PBT completed 22% of the 2026 guidance.

Banking-Note-Neutral-Resilient-growth-amid-volatility-F2
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