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Strength
Positive NIM growth from 3.9% in 6M24 to 4.1% in 7M24, supported by higher loan yield of 9.3%; robust 7M24 loan growth of 11.1% with relatively low CoC of 0.7%
Opportunity
BBNI plans to disburse more loans to commercial and SME segments; as those segments offer higher yields, the strategy could help offset NIM pressure and allow for continued outperformance
Weakness
7M24 LDR of 97.4%, up from 94.0% in 6M24; 9.4% MoM increase in operating expenses led to higher CIR of 45.5% (+20bps MoM)
Threat
BBNI’s NPL (2.0% in 2Q24) could rise if the bank disburses SME loans without prudent risk management
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
