Bank Rakyat Indonesia (BBRI IJ): Delivers steady performance in August

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:6,800 (+34.7%)
Analyst: Yap Swie Cu

Delivers steady performance in August
• August earnings were within expectation
• Asset-liability management to maintain stable top-line
• Manageable loan quality accommodated lower CoC
• CoC normalization and margin improvement to support future earnings. Re-iterate BUY