BRI Danareksa sets IDR 3,310-3,440 targets for BNI stock

Published on 10/21/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa set an IDR 3,310-3,440 target for BNI stock. It costs EUR 0.16 at Lang & Schwarz on October 21, 2026, while first-half PPOP was IDR 18.50 trillion.

Analyst view and operating context

BRI Danareksa set an IDR 3,310-3,440 target range for BNI stock on October 21, 2026.
BNI's pre-provision operating profit reached IDR 18.50 trillion in the first half of 2026.
BNI stock traded at EUR 0.16 at 9:29 a.m. CEST at Lang & Schwarz on October 21, 2026.

BNI, ID1000096605, Illustration mit AI erstellt.

BNI (ISIN ID1000096605) was trading at EUR 0.16 at Lang & Schwarz on October 21, 2026 at 9:29 a.m. CEST during the Xetra session. Bisnis Indonesia reported that BRI Danareksa Sekuritas recommended BNI with a target range of IDR 3,310 to IDR 3,440 on October 21, 2026.

Analyst range meets stronger lending

The target call arrived as BNI continued to show strong loan expansion. Indonesia Business Post reported on October 5, 2026 that consolidated loans grew 24.40 percent year over year to IDR 968.50 trillion in the first half of 2026. Pre-provision operating profit rose 14.50 percent to IDR 18.50 trillion, while net profit increased 6.60 percent to IDR 10.76 trillion.

Three dates shape the story

On August 5, 2026, BNI management said first-half pre-provision operating profit reached IDR 18.50 trillion and net profit reached IDR 10.80 trillion, up 6.60 percent year over year, according to Yahoo Finance. On October 6, 2026, BNI offered the SBR015 retail government bond through wondr, with minimum annual yields of 6.75 percent and 6.85 percent, according to BNI. On October 21, 2026, BRI Danareksa set the IDR 3,310-3,440 target range.

What matters for margins?

BNI's earnings profile still carries a margin trade-off. Management said first-half net interest margin was 3.60 percent and revised its full-year aspiration to 3.30-3.50 percent because funding costs were rising. The same presentation kept full-year loan-growth guidance at 8.00-10.00 percent, below the 24.40 percent first-half expansion.

The next dated catalyst

BNI's SBR015 offer runs through October 22, 2026, while the two-year SBR015T2 bond matures on October 10, 2028, according to BNI. For investors, the key operating question is whether rapid credit growth can continue without pushing the lower margin range below its stated floor.

Stock quote and investor view

BNI's first-half figures show a clear difference between operating momentum and bottom-line growth: pre-provision operating profit rose 14.50 percent, while net profit rose 6.60 percent. That gap reflects higher provisions and funding pressure, making the 3.30-3.50 percent margin aspiration the central operating reference for the rest of 2026.

BNI was trading at EUR 0.16 at Lang & Schwarz on October 21, 2026 at 9:29 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of BNI stock.