Bank Tabungan Negara Persero (BBTN IJ) (Neutral) - 1Q25 results in-line with our projections
EWBBTN reported its 1Q25 results with...
BBTN reported its 1Q25 results with...
We believe that small-to-mid-sized Indonesia banks will continue to face pressures from the major banks.
BBTN reported 4Q24 net profit (NP) of IDR925bn (+59% q-q; -22% y-y).