Bank Mandiri's CASA Ratio Decline Points to Structural Funding Pressure -- Market Talk
Dow Jones
Apr 06
0222 GMT - A decline in Bank Mandiri's current account and savings account ratio points to structural funding pressure, UOB Kay Hian's Posmarito Pakpahan says in a report. Its funding mix has weakened as its CASA ratio has fallen sharply, with its cost-of-funds improvement perceived as cyclical and vulnerable to reversal amid rising Indonesian government bond yields and tighter liquidity, the analyst says. Management's 2026 net-interest-margin guidance of 4.6%-4.8% already acknowledges continued yield pressure, the analyst notes. The brokerage downgrades its rating on the stock to hold from buy with an unchanged target price of 5,150.00 rupiah. Shares last closed at 4,650.00 rupiah. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 05, 2026 22:22 ET (02:22 GMT)
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