Bank Rakyat Indonesia (BBRI IJ) 4M24 Earnings Aided by Other Operating Income
BBRI reported 4M24 NP of Rp17.8tr (+4% yoy) with PPOP growth of 15% supported by higher other op. income and 12% loans growth.
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Bank Rakyat Indonesia (BBRI IJ) Positive 1Q24 Net Profit Growth Despite Higher Provisions
Despite the 91% increase in provisions, BBRI booked 1Q24 net profit of Rp15.9tr in 1Q24 (+2% yoy) with strong PPOP growth of +22% yoy.
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Bank Rakyat Indonesia (BBRI IJ) - Robust 4Q23 Profit
BBRI reported FY23 net profit of Rp60.1tr (+17% yoy, 102% of the cons.) on higher NII and lower opex, partly offset by higher provisions.
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Banks: Attractive Entry Point Amid Valuation Derating, Supported by the Still Robust Asset Quality
With higher FY24F CoC of 3.0%, BBRI has allocated adequate provisions to address the current issue in its MSME segment. Maintain Overweight rating...
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Banks: 4M24 Banks-Only Results
Supported by lower CoF increases compared to their peers, only BBCA, BRIS, and NISP booked double digit NP growth in 4M24.
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