Bank Negara Indonesia

Stock Quote Bank Negara Indonesia - BBNI:

Business Summary

BNI was established by the Indonesian government in 1946 and initially served as the country's central bank, before assuming the status of commercial bank in 1955. In 1996, BNI became the first state-owned bank to go public on the Indonesia Stock Exchange (IDX) when it sold 25 percent of its equity to the public.

At the start of 2015, BNI had 1,766 domestic branches and five overseas branches in New York, London, Tokyo, Hong Kong and Singapore.

Since 2011, BNI put the corporate, middle commercial and small commercial segments under the Director of Business Banking. In addition, BNI also developed a sector focus lending strategy that focuses on eight key industry sectors, to wit: oil & gas and mining, telecommunications, chemical, agribusiness, wholesale and retail trading, food and beverage, electricity, and construction. Through the implementation of this strategy, BNI expects to maintain the quality of its loan portfolio in support of solid financial growth in the future.

The bank's Middle Business segment manages loans between IDR 10 billion and IDR 100 billion for individual commercial businesses, or between IDR 15 - 150 billion for the commercial business group customers.

The Small Business segment manages loans of up to IDR 10 billion for individual commercial customers and up to IDR 15 billion for group commercial customers.

Bank Negara Indonesia's Financial Highlights:

	2015	2016	2017	2018
Revenues	25,560	29,995	31,938
Net Income	9,067	11,339	13,616
Net Operating Income	11,412	14,104	17,074
Income before Tax	11,466	14,302	17,165
Total Assets	508,595	603,032	709,330
Total Liabilities	430,157	513,778	608,427
Capital Adequacy Ratio (CAR)	19.5%	19.4%	18.5%
Non Performing Loan (NPL)¹	2.7%	3.0%	2.3%
Net Interest Margin (NIM)	6.4%	6.2%	5.5%
Third Party Funds	370,420	435,545
Earnings per Share²	487	610	730
Cash Dividend per Share²	122,53

 

	2010	2011	2012	2013	2014
Revenues	11,737	13,196	15,459	19,058	22,761
Net Income	4,103	5,826	7,046	9,054	10,783
Net Operating Income	5,509	7,242	8,641	11,219	13,346
Income before Tax	5,485	7,461	8,900	11,278	13,524
Total Assets	248,581	299,058	333,304	386,655	416,574
Total Liabilities	215,431	261,215	289,778	338,971	355,553
Capital Adequacy Ratio (CAR)	18.6%	17.6%	16.7%	15.1%	16.2%
Non Performing Loan (NPL)¹	4.3%	3.6%	2.8%	2.2%	2.0%
Net Interest Margin (NIM)		6.0%	5.9%	6.2%	6.3%
Third Party Funds	194,375	231,296	257,661	291,890	313,893
Earnings per Share²	266	312	378	486	578
Cash Dividend per Share²	65,98	62,48	113,35	145,71	144,54

^{in billion IDR rupiah unless otherwise stated
¹ gross
² in IDR rupiah
Source: Bank Negara Indonesia, Annual Report 2016 & Financial Statement FY-2017}

Projection Future Financial Performance Bank Negara Indonesia (BNI):

	2018	2019	2020F	2021F	2022F
Net Interest Income	54,139.0	58,532.0	52,867.0	57,998.0	62,512.0
PPOP	26,988.0	28,325.0	22,438.0	26,826.0	29,491.0
Net Profit	15,015.0	15,384.0	12,077.0	11,925.0	15,121.0
ROAA (%)	2.0	1.9	0.2	1.4	1.7
P/E Ratio (x)	4.4	4.3	31.6	5.5	4.3
PBV (x)	0.6	0.5	0.6	0.6	0.5

^{in billion IDR rupiah, except stated otherwise
Source: Danareksa Sekuritas (25.05.2020)}