Press Release IDX-PEFINDO Prime Bank for The Period of July 1, 2025 - December 31, 2025

IDX-PEFINDO Prime Bank Index Constituents for the Period July to December 2025

PEFINDO and the Indonesian Stock Exchange (IDX) have conducted a major review, which takes place every six months in December and June. The results of this review will be valid for the next six months. The analysis used PEFINDO rating data and stock trading data from banking sector companies owned by IDX. The following companies are constituents of the IDX-PEFINDO Prime Bank Index for the period of July to December 2025:

          (*) New member of IDX-PEFINDO Prime Bank for July - December 2025.

IDX-PEFINDO Prime Bank Demonstrates Resilience Amid Market Pressures

Indonesia's stock market experienced considerable pressure during the first half of 2025 due to a combination of global and domestic factors. The weakness in the domestic equity market was triggered by investor concerns over the government's fiscal policy due to widening budget deficit and signs of moderation in people's purchasing power. Global uncertainties, including geopolitical tensions, trade wars, and the trend of high interest rates in the United States that continues to loom, have also worsened sentiment. Foreign investors recorded significant net selling, particularly in banking sector stocks, which are sensitive to monetary policy changes. The banking sector itself was affected by rising funding costs and a slowdown in credit growth, which weighed on the performance of banking stocks in the capital market. However, signs of recovery began to emerge in May 2025, marked by the return of foreign capital inflows and stabilization efforts by financial authorities, including more accommodative monetary policy and market regulation easing.

The IDX-PEFINDO Prime Bank Index—one of Indonesia’s benchmark banking sector indices, composed of major banks—was also impacted by these pressures. Nevertheless, the index managed to maintain relatively stable performance compared to its sectoral peers.

Since its base date of January 3, 2017, the IDX-PEFINDO Prime Bank Index has consistently outperformed other benchmark indices on the Indonesia Stock Exchange, including financial and banking-themed indexes such as the Jakarta Composite Index (JCI), LQ45, IDX30, IDX Sector Financials, and the Infobank15 Index. As of June 30, 2025, the IDX-PEFINDO Prime Bank Index had posted a cumulative return of 97.17% compared to its base value. This return significantly outperformed the JCI (31.31%), LQ45 (-12.52%), IDX30 (-16.23%), IDX Sector Financials (72.53%), and Infobank15 (66.52%). These comparisons highlight the strong relative performance and resilience of the IDX-PEFINDO Prime Bank Index compared to other major benchmarks on the IDX.