BBTN - Targeting NPL at 3.4%

BBTN - Targeting NPL at 3.4% Bank Tabungan Negara (BBTN) targeting NPL ratio to reach 3.4% at the end of this year, or better compared to 3.66% in 1H23. BBTN will executes the asset sales amounting IDR2tn through two phases. (Source : Kontan). Comment : We expect the asset sales will be done this year and overall could help npl to improve. We also expect asset quality to be better and thus will add more catalyst to a healthier npl and stronger coverage