In today’s briefing:
- Bank Rakyat Indonesia (BBRI IJ) – Visibility and Quality Improving
Bank Rakyat Indonesia (BBRI IJ) – Visibility and Quality Improving
- Bank Rakyat Indonesia management painted a relatively positive picture of improvements across its microloan portfolio in 2H2024, with strong growth in recoveries during the year.
- Loan growth was driven by corporate and consumer loans, as the bank slowed micro and small-sized loan growth with ongoing restructuring, which will continue in 2025 and front-loaded in 1Q2025.
- Bank Rakyat Indonesia remains unique in its exposure to micro and ultra-micro lending in Indonesia, where growth should resume in 2025. Foreign ownership and valuations stand at 15-year lows.
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