BBNI Shares: Will Windfall Boost Stock Price?

JAKARTA, Investor.id – Shares of PT Bank Negara Indonesia Tbk (BBNI) received a strong catalyst from the placement of funds of Rp 200 trillion of the government at the Himbara Bank. Because, it can improve net interest margin (NIM) BBNI, so the profitability is checked.

In addition, the valuation of BBNI shares is the cheapest compared to three other major banks, namely PT Bank Central Asia Tbk (BBCA), PT Bank Mandiri Tbk (BMRI), and PT Bank Rakyat Indonesia Tbk (BBRI). It opens wide potential stock prices.

Based on Verdhana Sekuritas Indonesia’s records, the injection of Rp 200 trillion will boost the excesses of the Himbara Bank liquidity of 37%. This will reduce bank dependence on third party funds (DPK) sourced from high flowering deposits.

At present, BBRI, BMRI, BBNI, and PT Bank Syariah Indonesia Tbk (BSI/BRIS) have excess liquidity of Rp 435 trillion to support credit growth. The details, BNI has excess liquidity of Rp 117 trillion, BRI Rp. 190 trillion, Mandiri Rp 97 trillion, and BSI Rp 31 trillion.

The funding of Rp 200 trillion will reduce the risk of liquidity for the national banking sector and mitigate an increase in funds. As a result, Himbara’s net interest margin (NIM) will be stable, so that net profit is safe from the risk of reducing margin.

From the statement of the Ministry of Finance (Kemenkeu), BBNI received a ration of Rp 55 trillion in funds, just like BMRI and BBRI. Verdhana rate, BBNI, BMRI, and BBRI can use the placement of government funds to work on high margin credit segments.

“For us, BBNI will benefit from the placement of government liquidity, because NIM is still low,” Verdhana wrote, quoted Sunday (9/14/2025).

Target price and valuation

Editor: Harso Kurniawan
(harso@investor.co.id)