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BBNI – Solid Performance Growth, Provision Still Rising

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Anggaraksa Arismunandar
Anggaraksa Arismunandar
Head of Research and Analyst Division
Anggaraksa Arismunandar
Latest posts by Anggaraksa Arismunandar (see all)
  • ASII – Positive Catalysts Continue - March 23, 2022
  • WIKA – Better Performance, New Contracts Still Lagging - January 12, 2022
  • SMGR – Facing Higher Costs - December 17, 2021

BBNI recorded solid performance recovery in 1H21, with increases in top-line from both interest and non-interest incomes. This resulted in Pre-provision Operating Profit (PPOP) growth to IDR 16.1 trillion (up 24.4% yoy). NPL gross level also continued to decline on a quarterly basis, although it is still relatively high at 3.9%; which resulted in significant increase of provision expense.

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