According to BBRI, the government has finalized the KUR (People’s Business Credit) disbursement target of IDR3

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

Going into 2025, our view on the Indonesia banking sector remains largely intact

Banks Nicholas Santoso Erwin Wijaya

In this note, we take a closer look at the asset quality trends of major Indonesia banks and BRIS (Bank Syaria

Banks Nicholas Santoso Erwin Wijaya

Over the past 18 years (i.e. since the start of intense cellular sector competition in Indonesia; 2007-2024),

TELECOMS TLKM TLKM JK TLKM IJ Nicholas Santoso Erwin Wijaya

In our recent note on BBRI, we wrote that the bank may face maturing micro/ultra-micro segments in coming year

Banks BBRI BBRI JK BBRI IJ Nicholas Santoso Erwin Wijaya

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

EXCL and FREN (FREN IJ, Not rated) have officially announced a definitive agreement for a proposed merger,

Telecoms XL Axiata EXCL EXCL JK EXCL 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

XL Axiata released soft 3Q24 operating results, with 3Q24 profit at IDR292bn (-40% q-q, -21% y-y).

Telecoms EXCL EXCL JK EXCL IJ Nicholas Santoso Erwin Wijaya