Reasons Why BBRI Stocks Are a Solid Choice for Long-Term Investments
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Agung Ramadoni, Head of Equity Investment at Berdikari Manajemen Investasi, emphasized that "BRI's buyback program is an indicator that the management believes in the company's future performance. Additionally, BRI's fundamental performance is a key factor for the banking sector to achieve profit."
In line with the 2023 Annual General Meeting (AGM) on March 13, 2023, BRI has allocated a buyback fund of up to
The program aims to engage BRI employees and directors, fostering motivation and a sense of ownership to enhance overall performance. BRI's President Director, Sunarso, stated that "Throughout this buyback, we have been very calculative, ensuring it will not affect our performance or future capital structure but rather strengthen it."
Agung further highlighted, "BRI's ability to improve efficiency is evident in the lower growth of operational costs compared to its revenues." BRI's net interest margin (NIM) rose to
Moreover, certain expenses saw a decline, with promotional expenses at only
BRI's micro-credit dominant portfolio may sustain NIM in high-interest-rate conditions. Analysts project BBRI's stocks to potentially reach
For more information about BRI, visit www.bri.co.id.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
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