Bank Mandiri (BMRI IJ) (Buy) - Feb-25: Satisfactory results due to declined provisioning
EWBMRI has released its bank-only Feb-25 results.
BMRI has released its bank-only Feb-25 results.
BMRI started 2025 with satisfactory bank-only Jan-25 results—
Post FY24 results, we revise our FY25-26F earnings estimates.
BMRI has released its FY24 results with headline consolidated profit at IDR55.8tn (+1.3% y-y).
BMRI released its 9M24 results on 30 October, with the company remaining on a steady growth trajectory.
We took a closer look at BMRI’s provisioning expenses (12MMA CoC) which has stabilised at ~70-80bp in 1H24.
BMRI released its bank-only Jul-24 results with monthly earnings
These improvements were largely driven by the bank’s increased