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Industry Updates

Indonesia Banking Industry: Intact Aug results in top banks

 Indonesia Banking Industry
Analyst: Yap Swie Cu

Intact Aug results in top banks
• Resilient Aug NII
• Total loans grew faster than the industry
• BBCA and BMRI maintained a strong retail funding franchise
• BBRI strengthened its loan loss buffer
• Expecting in-line 3Q23 results. Top picks: BBCA, BMRI, and BBRI
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