Bank Tabungan Negara (BBTN IJ): Enhancing lending beyond mortgages

Bank Tabungan Negara (BBTN IJ)
BUY / TP: IDR:1,600 (+26.0%)
Analyst: Yap Swie Cu

Enhancing lending beyond mortgages
• Expanding non-mortgage consumer lending
• Toward a more balanced loan mix portfolio
• Soft top-line performance amid assets contraction
• Re-iterate BUY on undemanding valuation