Bank Negara Indonesia (BBNI IJ): Slightly below 2025 results on higher provisions

Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:5,700 (+24.2%)
Analyst: Yap Swie Cu

Slightly below 2025 results on higher provisions
• Escalating 4Q25 provision reduced profitability
• Upper-line earnings slightly ahead of estimation
• To maintain conservative stance
• Re-iterate BUY on its attractive dividend yield