Cautious Outlook Persists in Indonesian Banking Sector
Cautious Outlook Persists in Indonesian Banking Sector
The latest guidance from Indonesia’s banking sector points to a cautious outlook for 2025. This is not surprising, given the ongoing macroeconomic uncertainties. In this note, we review recent performance and forward guidance from the country’s top five banks: Bank Central Asia (BBCA), Bank Mandiri (BMRI), Bank Rakyat Indonesia (BBRI), Bank Negara Indonesia (BBNI), and Bank Syariah Indonesia (BRIS