Danantara Injected IDR 6.65 tn into Garuda Indonesia (GIAA) for Long-Term Recovery

Danantara Injected IDR 6.65 tn into Garuda Indonesia (GIAA) for Long-Term Recovery

Danantara has injected USD 405 mn (IDR 6.65 tn) into GIAA as a shareholder loan, marking the start of a long-term recovery phase following its 2022 restructuring. The funding is part of a broader financing package totaling up to USD 1 bn. The initial phase will focus on improving operational readiness for both Garuda (FSC) and Citilink (LCC). (Bisnis.com)

 

BCAS: BMRI IJ - 5M25 Net Profit Flat at +0.1% YoY

- BMRI's interest income rose to IDR 49.9 tn in 5M25 (+12.3% YoY), with May-25 at IDR 10.3 tn (+2.5% MoM; +10.8% YoY). However, interest expense surged to IDR 18.2 tn (+29.9% YoY), with May-25 at IDR 4.0 tn (+8.9% MoM; +36.1% YoY). As a result, NII rose modestly to IDR 31.7 tn (+4.2% YoY), while May-25 NII declined slightly to IDR 6.3 tn (-1.2% MoM; -1.0% YoY).
- Non-interest income increased to IDR 13.2 tn in 5M25 (+13.1% YoY), with May-25 at IDR 2.9 tn (+16.3% MoM; +6.4% YoY).
- Provisioning dropped to IDR 3.8 tn (-5.9% YoY), with May-25 at IDR 799 bn (+3.8% MoM; +7.3% YoY).
- PPOP stood at IDR 27.9 tn in 5M25 (-1.0% YoY) but improved to IDR 6.2 tn in May-25 (+21.1% MoM; -1.1% YoY).
- Net profit remained flat at IDR 19.7 tn (+0.1% YoY), with May-25 net profit at IDR 4.5 tn (+25.6% MoM; -2.0% YoY), reflecting earnings recovery after a weak Apr-25.
- NIM fell to 4.5% (vs. 4.8%). LDR increased to 93.1% (from 88.9%), while CASA ratio declined to 77.6% (from 79.8%). Loan growth moderated to 13.6% (vs. 19.5%), and deposit growth slowed to 8.5% (vs. 12.9%).