Corporate Updates

Bank Mandiri (BMRI IJ): 1H22 results beat expectation

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:9,400 (+16.8%)
Analyst: Yap Swie Cu

1H22 results beat expectation
• Lower-than-expected operating expenses and credit cost
• Solid top-line earning performance
• Loan quality improvement continued
• Strong fundamentals and undemanding valuation support our BUY call

Corporate Updates

Bank Mandiri (BMRI IJ): 1H22 results beat expectation

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