Banking Sector: Margin pressure emerges in July

Banking Sector
Analyst: Yap Swie Cu

Margin pressure emerges in July
• Earnings have started to be affected by margin compression
• BBTN faced the most significant margin pressure
• BRIS also experienced some margin compression in July
• BMRI and BBNI experienced relatively less pressure on NII
• BBCA – our top pick - bucked the trend with stronger NII growth in July