BBCA released its bank-only YTD Nov-24 results with headline profit of IDR50.5tn (+14% y-y),

Banks BBCA BBCA JK BBCA IJ Nicholas Santoso Erwin Wijaya

Going into 2025F, we see continued headwinds for Jago (and other digital banks),

Banks ARTO ARTO JK ARTO IJ Nicholas Santoso Erwin Wijaya

Despite the persistent challenging macroeconomic backdrops, as we head into 2025F,

Banks Nicholas Santoso Erwin Wijaya

BRIS has released its YTD Oct-24 results, which came in largely in line with our projections.

Banks BRIS BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,

Banks Nicholas Santoso Erwin Wijaya

BBRI has released its YTD Oct-24 results with PPOP and net profit of IDR89.5tr (+15% y-y)

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

BBNI released its bank-only YTD Oct24 results with net profit of IDR18.1tn (+4% y-y),

Banks BBNI BBNI JK BBNI IJ Nicholas Santoso Erwin Wijaya

BBCA released its bank-only YTD Oct-24 results with headline profit of IDR46.2tn (+15% y-y),

Banks BBCA BBCA JK BBCA IJ Nicholas Santoso Erwin Wijaya

In this note, we look at the 9M24 consolidated results of the major Indonesia banks under our coverage.

Banks Nicholas Santoso Erwin Wijaya

BMRI released its 9M24 results on 30 October, with the company remaining on a steady growth trajectory.

Banks BMRI BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya

In our recent note, we wrote that BBRI might face maturing micro/ultra-micro segments in the next few years.

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

BRIS continued to deliver solid 3Q24 bottom line performance with the numbers coming in largely in-line with o

Banks BRIS BRIS JK BRIS IJ Nicholas Santoso Erwin Wijaya

BBNI released its 9M24 results with headline profit at IDR16.3tn (+3.3% y-y),

Banks BBNI BBNI JK BBNI IJ Nicholas Santoso Erwin Wijaya

Despite the anticipated rate cut cycle, we believe Indonesia banks have limited room to lower their cost of fu

Equity Strategy Jupriadi Tan Erwin Wijaya

We took a closer look at BMRI’s provisioning expenses (12MMA CoC) which has stabilised at ~70-80bp in 1H24.

Banks BMRI BMRI JK BMRI IJ Nicholas Santoso Erwin Wijaya