Indonesian Banking Sector: No major surprises in 7M25 results

Indonesian Banking Sector
Analyst: Yap Swie Cu

No major surprises in 7M25 results
• BBCA delivered the highest earnings quality, BRIS the second
• BBTN’s strong profit growth lifted by income recognition change
• Sluggish top lines for BMRI, BBRI, and BBNI
• Benchmark rate cuts came as catalysts for banks with weaker funding franchises