Analysts Bullish on BBTN Following High-Profit Gains

Analysts are bullish on PT Bank Tabungan Negara Tbk. (BBTN) with buy recommendations based on good performance and future opportunities, such as the reduction of the benchmark interest rate.

Emanuel Berkah Caesario

20 Feb 2024 - 16.58
A-
A+
Analysts Bullish on BBTN Following High-Profit Gains

Illustration - Several customers were waiting for service at one of the BTN branch offices, recently./Bisnis-Suselo Jati.

Bisnis, JAKARTA — Analysts have strong reasons to believe that PT Bank Tabungan Negara Tbk. (BBTN) will continue its growth, making its shares increasingly attractive for investment.

Throughout 2023, BBTN reported a net profit of IDR3.5 trillion, up 15 percent year-on-year (YoY), despite a decrease in net interest income (NII) of -10.4 percent YoY to IDR13.43 trillion.

The NII increase occurred alongside a 36.1 percent YoY increase in interest expenses to IDR14.85 trillion, while interest income only rose by 9.2 percent YoY to IDR28.28 trillion. This resulted in a decrease in the net interest margin (NIM) by 65 basis points from 4.4 to 3.8 percent.

These figures emerged amid tightening liquidity conditions, as the growth of the company’s third-party funds in 2023, 8.7 percent YoY to IDR350 trillion, was lower than the growth of loans, which was 11.9 percent YoY to IDR333.7 trillion. As a result, the loan-to-deposit ratio (LDR) increased by 271 basis points to 95.4 percent from 92.7 percent in 2022.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.