Bank Negara Indonesia (BBNI IJ): Earnings on track for improvement

Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:6,400 (+14.3%)
Analyst: Yap Swie Cu

Earnings on track for improvement
• Aug earnings within expectation
• Top line eases due to lower interest income
• Retail funding franchise continued gradual improvement
• Decline in rates to further strengthen earnings. Re-iterate BUY