In today’s briefing:
- Bank Rakyat Indonesia (BBRI IJ) – Pushing the Margins of Profitability
Bank Rakyat Indonesia (BBRI IJ) – Pushing the Margins of Profitability
- Bank Rakyat Indonesia’s results reflected its ability to offset a tighter liquidity environment with a higher margin loan mix as it continues to shift to commercial Kupedes microloans.
- The bank has also seen the benefit of increasing digitalisation benefitting costs with more BRILink agents and users of mobile banking through BRIMO, which has also helped to grow CASA.
- Guidance for 2024 remains positive on loan growth, NIMs, increasing leverage, and rising loan yields, with stable credit quality. Valuations look attractive relative to a forecast ROE of above 20%.
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