Maybank keeps IDR 3,900 target for Bank Rakyat Indonesia stock

Published on 10/13/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eight-month profit hit IDR 34.8 trillion, up 6.6 percent. Bank Rakyat Indonesia stock costs EUR 0.15 on October 13, 2026, down 0.96 percent on IDX.

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Bank Rakyat Indonesia, ID1000118201, Illustration mit AI erstellt.

Maybank Sekuritas Indonesia maintained its buy recommendation and IDR 3,900 target for Bank Rakyat Indonesia on September 29, 2026, according to Kontan. Against the IDX price of IDR 3,080 on October 13, 2026, that target lies 26.62 percent higher. Bank Rakyat Indonesia stock was trading at EUR 0.15 at Lang & Schwarz on October 13, 2026 at 2:28 p.m. CEST, down 0.96 percent on the IDX day move.

Profit reaches IDR 34.8 trillion

Bank-only net profit reached IDR 34.8 trillion in the first eight months of 2026, up 6.6 percent from the same period a year earlier, Kontan reported on October 2, 2026. Net interest income increased 3.4 percent year on year, while pre-provision operating profit rose 6.7 percent. The figures show that earnings growth continued even as pressure on the net interest margin remained a central operating issue.

Credit grows faster than deposits

Outstanding loans reached IDR 1,447 trillion in August 2026, up 13.7 percent year on year, while deposits rose 12.6 percent to IDR 1,656 trillion, according to Kontan. Management raised its 2026 credit-growth outlook to 8 percent to 10 percent from 7 percent to 9 percent. The counterweight was a decline in the low-cost funding share to 64.8 percent in August from 66.2 percent in July, which can keep funding costs elevated.

Price stays below the yearly high

The IDX quote stood at IDR 3,080 on October 13, 2026, within a 52-week range of IDR 2,540 to IDR 4,050. The market capitalization was IDR 463.8 trillion, trailing price-to-earnings ratio 7.58, volume 102,010,600 shares and average volume 192,906,804 shares on the same date. The current IDX price is 23.95 percent below the 52-week high, while the Lang & Schwarz euro quote gives German investors a separate trading reference.

Comparison with peers

Bank Rakyat Indonesia (IDX, IDR): minus 0.96 percent, P/E 7.58, market capitalization IDR 463.8 trillion

Bank Central Asia (IDX, IDR): unchanged, P/E 12.61, market capitalization IDR 730.9 trillion

Bank Mandiri (IDX, IDR): minus 0.50 percent, P/E 5.98, market capitalization IDR 372.4 trillion

Euro quote and investor figures

Bank Rakyat Indonesia was trading at EUR 0.15 at Lang & Schwarz on October 13, 2026 at 2:28 p.m. CEST. The IDX price was IDR 3,080 on the same date, down 0.96 percent from IDR 3,110. The further course of trading is shown by the continuously updated real-time quote of Bank Rakyat Indonesia stock.