Nafan sees IDR 4,020 target for BNI stock

Published on 10/13/2026 at 14:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core profit reached IDR 18.50 trillion in the first half of 2026. BNI stock costs EUR 0.17 on October 13, 2026, while IDX gains 0.59 percent.

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BNI, ID1000096605, Illustration mit AI erstellt.

Nafan sees an IDR 4,020 target for BNI stock, leaving 18.24 percent upside from the IDR 3,400 IDX price on October 7, 2026. Kontan reported that Mirae Asset Sekuritas analyst Nafan Aji Gusta recommended BNI at that target. BNI stock was at EUR 0.17 at Lang & Schwarz on October 13, 2026 at 2:34 p.m. CEST, while the IDX price was up 0.59 percent at IDR 3,400.

Core profit reaches IDR 18.50 trillion

BNI's core profit reached IDR 18.50 trillion in the first half of 2026, up 14.50 percent from the prior-year period. The figure was presented during the bank's first-half earnings call, which also described net interest income growth of 14.20 percent and loan growth of 24.40 percent year over year, according to Yahoo Finance.

The same call identified funding costs as a pressure point for the second half of 2026. BNI revised its net interest margin guidance to 3.30 percent to 3.50 percent from 3.50 percent to 3.80 percent, while keeping full-year loan-growth guidance at 8.00 percent to 10.00 percent.

Valuation stays below larger peers

BNI's price-to-earnings ratio was 4.12 on October 13, 2026, below Bank Mandiri's 5.98 and Bank Rakyat Indonesia's 7.58. BNI's market capitalization was IDR 126.8 trillion, compared with IDR 372.4 trillion for Bank Mandiri and IDR 463.8 trillion for Bank Rakyat Indonesia.

Comparison with peers
BNI (IDX, IDR): plus 0.59 percent, P/E 4.12, market capitalization IDR 126.8 trillion.
Bank Mandiri (IDX, IDR): minus 0.50 percent, P/E 5.98, market capitalization IDR 372.4 trillion.
Bank Rakyat Indonesia (IDX, IDR): minus 0.96 percent, P/E 7.58, market capitalization IDR 463.8 trillion.

Price holds at EUR 0.17

The euro quote was EUR 0.17 at Lang & Schwarz on October 13, 2026 at 2:34 p.m. CEST. On the IDX, BNI stood at IDR 3,400, up 0.59 percent from the prior session's IDR 3,380, while its 52-week range was IDR 2,990 to IDR 4,730.

Eight-month 2026 bank-only net income reached IDR 14.32 trillion, up 6.89 percent from the prior-year period, while net interest income rose 14.33 percent to IDR 28.87 trillion, according to Monitor Indonesia. The figures also showed impairment expense rising 26.90 percent to IDR 5.92 trillion.

The further course of trading is shown by the continuously updated real-time quote of BNI stock.