Corporate Updates
Bank Niaga (BNGA IJ): Solid 1Q21 result
Bank Niaga (BNGA IJ)
Not rated
Analyst: Yap Swie Cu
Solid 1Q21 result
• Resilient NII owed to lower funding cost
• Robust non-interest income further boosted earnings
• Credit cost stayed at an elevated level
• Maintains cautious outlook for 2021
• Valuation