Bank Central Asia Remains Most Defensive Among Big Indonesian Lenders -- Market Talk

Dow Jones06-16

0627 GMT - Bank Central Asia remains the most defensive among the big Indonesian banks, say DBS Group Research analysts in commentary. They cite the lender's relatively stronger funding franchise and industry-leading current account and savings account ratio, which is a key profitability metric, the analysts say. While Bank Central Asia's loan growth for the first five months of 2026 was softer than the company's guidance, its results appeared resilient thanks to its noninterest income, which grew on stronger foreign-exchange and trading-related activities, they add. The lender should be able to preserve its margins and profitability thanks to its relatively low funding costs, they add. DBS maintains its buy rating and 8,000 rupiah target price. Shares last closed 5.9% higher at 6,275 rupiah. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 16, 2026 02:27 ET (06:27 GMT)

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