Indonesia Banking Industry: High rates remain major challenge in April

Indonesia Banking Industry
Analyst: Yap Swie Cu

High rates remain major challenge in April
• BBCA, BMRI showed improved bottom lines in Apr
• Margin pressure on most banks
• We notice gradual improvement in BBNI’s savings funding in the past three months
• BBRI continued to show high credit cost
• Share-price corrections provide opportunity – Stick to big names