Indonesian Banks - Muted impact from BI rate cut
EWBank Indonesia has made a surprise 25bp benchmark rate cut to 5.75%.
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Bank Rakyat Indonesia (BBRI IJ) (Buy) - Micro: Not worsening, but recoveries take time
EWOverall, the bank sees improvements in its micro segment,
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Bank Rakyat Indonesia (BBRI IJ) (Buy) - Lower KUR target
NS EWAccording to BBRI, the government has finalized the KUR (People’s Business Credit) disbursement target of IDR3
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Indonesia Banks - Outlook 2025 and YTD Nov-24 results summary
NS EWGoing into 2025, our view on the Indonesia banking sector remains largely intact
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Indonesia Banks - Mixed write-off trends
NS EWIn this note, we take a closer look at the asset quality trends of major Indonesia banks and BRIS (Bank Syaria
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Bank Rakyat Indonesia (BBRI IJ) (Buy) - Conservative stance
NS EWIn our recent note on BBRI, we wrote that the bank may face maturing micro/ultra-micro segments in coming year
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Bank Central Asia (BBCA IJ) (Buy) - Solid YTD Nov-24 results
NS EWBBCA released its bank-only YTD Nov-24 results with headline profit of IDR50.5tn (+14% y-y),
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Bank Jago (ARTO IJ) (Neutral) - Steady trend – maintain Neutral; raise TP to IDR3,000
NS EWGoing into 2025F, we see continued headwinds for Jago (and other digital banks),
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Indonesia banks - Outlook 2025: Improved earnings profile
NS EWDespite the persistent challenging macroeconomic backdrops, as we head into 2025F,
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Bank Syariah Indonesia (BRIS IJ) (Buy) - YTD Oct-24 results: In line with our projections
NS EWBRIS has released its YTD Oct-24 results, which came in largely in line with our projections.
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Indonesian Banking Sector - YTD Oct-24 summary
NS EWMajor Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,
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Bank Rakyat Indonesia (BBRI IJ) (Buy) - YTD Oct-24 results: Still elevated CoC
NS EWBBRI has released its YTD Oct-24 results with PPOP and net profit of IDR89.5tr (+15% y-y)
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Bank Negara Indonesia (BBNI IJ) (Buy) - YTD Oct-24 results: Better yield trends
NS EWBBNI released its bank-only YTD Oct24 results with net profit of IDR18.1tn (+4% y-y),
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Bank Central Asia (BBCA IJ) (Buy) - Solid YTD Oct-24 results
NS EWBBCA released its bank-only YTD Oct-24 results with headline profit of IDR46.2tn (+15% y-y),
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Indonesia banks - 9M24 results summary
NS EWIn this note, we look at the 9M24 consolidated results of the major Indonesia banks under our coverage.