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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
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