Bank Tabungan Negara Persero (BBTN IJ) (Neutral) - Earnings update; maintain Neutral, TP cut to IDR 980
EWWe believe that small-to-mid-sized Indonesia banks will continue to face pressures from the major banks.
We believe that small-to-mid-sized Indonesia banks will continue to face pressures from the major banks.
Major Indonesia banks (BBCA/BMRI/BBRI/BBNI/BRIS) have published their bank-only Jan-25 results,
We think the Indonesia banking sector may enter a tactical tailwind period,
Based on the latest SRBI issuances (dated 31 Jan 2025), we see some improvements in liquidity
In our opinion, the last three SRBI (Sekuritas Rupiah Bank Indonesia) issuances this year,
Going into 2025, our view on the Indonesia banking sector remains largely intact
In this note, we take a closer look at the asset quality trends of major Indonesia banks and BRIS (Bank Syaria
Despite the persistent challenging macroeconomic backdrops, as we head into 2025F,
Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,
In this note, we look at the 9M24 consolidated results of the major Indonesia banks under our coverage.
Despite the anticipated rate cut cycle, we believe Indonesia banks have limited room to lower their cost of fu
According to recent news (LINK 1), the government is looking to provide debt forgiveness for written-off loans
Despite recent Bank Indonesia’s (BI) benchmark rate cut, funding costs may continue to inch higher
Below, we present two charts (Fig. 1 and Fig. 2) depicting the loan-to-CASA and loan-to-saving trends across I
Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Aug-24 results,