BDMN – PATMI at IDR3.3 tn, 110% higher YoY

PT Bank Danamon Indonesia Tbk (BDMN) recorded solid PATMI in FY22 at IDR3.3 tn, or an increase of 110% yoy, with CoC saw another low numbers. Loan growth reached IDR 146.7tn or 12% yoy and recorded the highest in the history. NIM also grew strong at 8% (Source : Kontan). Comment: We like BDMN result amid the recovery momentum. The bank could record another od performance this year on ample liquidity and strong CoC which could become as solid base to enter 2023. We expect NIM could arrived within the similar figure as growth in NII shluld remain intact and transmission rising policy rate would be manageable.