Bank Negara Indonesia booked strong growth in fee income and a reduction in provisions which helped to offset the margin squeeze. Valuations remain attractive on 1.2x FY2024E PBV.
What is covered in the Full Insight:
Growth despite headwinds
Loan demand remained resilient
Focus on the regions in 2024
Asset quality improving with ample cover
Bank Negara Indonesia has levers to pull
SUMMARY
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