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