In today’s briefing:
- Bank Negara Indonesia (BBNI IJ) – Honing in on Transactions and CASA
Bank Negara Indonesia (BBNI IJ) – Honing in on Transactions and CASA
- Bank Negara Indonesia came good in 4Q2024 with a strong finish to the year due to higher loan growth from corporates and consumers, alongside higher CASA growth cementing higher NIMs
- The bank also saw improving asset quality, with falling loans-at-risk, and although there was an uptick in provisions in 4Q due to Sritex, the outlook for credit costs looks stable.
- Bank Negara Indonesia will grow its focus on becoming a transactional bank, with CASA as a key focus, providing liquidity to grow its loan book. Valuations remain attractive.
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