PT Bank Negara Indonesia (Persero) Tbk (PTBRY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PT Bank Negara Indonesia (Persero) Tbk (PTBRY) trades at $9.98. PT Bank Negara Indonesia (Persero) Tbk is a leading Indonesian bank providing a wide array of financial products and services across Indonesia, Asia, the US, and Europe. Market cap: $7.44B, Sector: Financial services.
Last analyzed: Mar 15, 2026Analyst Coverage for PTBRY: PTBRY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PTBRY against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
PTBRY: 1/1 perspectives are bearish.
PT Bank Negara Indonesia (Persero) Tbk (PTBRY) Financial Services Profile
PT Bank Negara Indonesia (Persero) Tbk is a prominent Indonesian bank offering comprehensive financial solutions, including deposit accounts, credit facilities, and digital banking services. Operating across multiple continents, the bank leverages its extensive network and diverse product portfolio to serve a broad range of customers in the regional banking sector.
What Is the Investment Thesis for PTBRY?
PT Bank Negara Indonesia (Persero) Tbk presents a compelling investment case based on its established market position, extensive network, and diversified product offerings. With a P/E ratio of 5.24 and a dividend yield of 8.82%, the bank offers attractive value to investors. Growth catalysts include the expansion of digital banking services and strategic initiatives to enhance customer experience. The bank's strong profit margin of 22.2% indicates efficient operations and profitability. However, potential risks include regulatory changes and economic fluctuations in the Indonesian market. The company's beta of 0.12 suggests lower volatility compared to the market, making it a relatively stable investment.
Based on FMP financials and quantitative analysis
PTBRY Key Highlights
- Market capitalization of $10.06 billion, reflecting its significant presence in the Indonesian banking sector.
- P/E ratio of 5.24, indicating a potentially undervalued investment opportunity.
- Profit margin of 22.2%, showcasing strong profitability and efficient operations.
- Gross margin of 61.1%, demonstrating effective cost management and revenue generation.
- Dividend yield of 8.82%, providing a substantial income stream for investors.
Who Are PTBRY's Competitors?
PTBRY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AGRPY Absa Group Limited | $28.76 | +0.00% | $11.92B | 63 |
| BDOUF BDO Unibank, Inc. | $2.15 | +0.00% | $114.70B | 62 |
| BKKLY Bangkok Bank Public Company Limited | $27.49 | +5.71% | $10.49B | 49 |
| BMDPF Banca Monte dei Paschi di Siena S.p.A. | $11.89 | +0.00% | $15.68B | 48 |
| MCHB Mechanics Bank | $15.43 | +1.71% | 4B | 71 |
| STLE Steele Bancorp Inc. | $41.66 | +0.27% | $77.43M | 69 |
| NASB NASB Financial, Inc. | $40.50 | +0.00% | $290.65M | 68 |
| ASBA Associated Banc-Corp | $24.84 | +0.12% | $4.10B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PTBRY's Key Strengths?
- Established brand reputation and long history in Indonesia.
- Extensive branch network and ATM coverage.
- Diversified product and service offerings.
- Strong relationships with the Indonesian government.
What Are PTBRY's Weaknesses?
- Potential for bureaucratic inefficiencies due to state ownership.
- Exposure to economic fluctuations in the Indonesian market.
- Need for continuous investment in technology to compete with fintech companies.
- Geographic concentration in Indonesia.
What Could Drive PTBRY Stock Higher?
- Continued expansion of digital banking services and mobile payment solutions to capture a larger share of the growing digital market in Indonesia.
- Strategic partnerships with fintech companies to enhance product offerings and reach new customer segments.
- Potential regulatory changes in the Indonesian banking sector that could benefit larger, well-established banks like PTBRY.
- Government initiatives to promote financial inclusion and increase access to banking services for underserved populations.
- Infrastructure development projects in Indonesia that could drive demand for financing and banking services.
What Are the Key Risks for PTBRY?
- Increased competition from other banks and fintech companies in the Indonesian market.
- Economic downturns and currency fluctuations that could impact profitability and asset quality.
- Regulatory changes and compliance requirements that could increase operating costs.
- Cybersecurity risks and data breaches that could damage reputation and result in financial losses.
- Geopolitical instability and global economic uncertainty that could affect international operations.
What Are the Growth Opportunities for PTBRY?
- Expansion of Digital Banking Services: BNI can capitalize on the increasing adoption of digital banking in Indonesia by enhancing its mobile and online platforms. Investing in user-friendly interfaces and expanding digital product offerings can attract a larger customer base and drive transaction volumes. The Indonesian digital banking market is projected to grow significantly, presenting a substantial opportunity for BNI to increase its market share and revenue streams. Timeline: Ongoing.
- Strategic Partnerships and Alliances: Forming strategic partnerships with fintech companies and other financial institutions can enable BNI to expand its product offerings and reach new customer segments. Collaborating with e-commerce platforms and payment gateways can facilitate seamless integration of banking services into online transactions. These partnerships can drive customer acquisition and increase transaction volumes. Timeline: Ongoing.
- Focus on SME Lending: Expanding its lending activities to small and medium-sized enterprises (SMEs) can drive loan growth and increase interest income. SMEs are a significant contributor to the Indonesian economy, and providing tailored financial solutions to this segment can generate substantial returns for BNI. Offering competitive interest rates and flexible repayment terms can attract SME customers. Timeline: Ongoing.
- Enhancing Customer Experience: Investing in customer service and improving the overall banking experience can enhance customer loyalty and retention. Implementing personalized banking solutions and providing proactive customer support can differentiate BNI from its competitors. Focusing on customer feedback and continuously improving service quality can drive customer satisfaction and advocacy. Timeline: Ongoing.
- Geographic Expansion: Expanding its presence in underserved regions of Indonesia can drive deposit growth and increase market share. Establishing new branches and deploying mobile banking units in these areas can provide access to banking services for a larger population. Tailoring product offerings to the specific needs of local communities can enhance customer acquisition and retention. Timeline: Ongoing.
What Opportunities Does PTBRY Have?
- Expansion of digital banking services to reach a wider customer base.
- Strategic partnerships with fintech companies and e-commerce platforms.
- Growth in SME lending driven by Indonesia's economic development.
- Increased financial inclusion initiatives by the Indonesian government.
What Threats Does PTBRY Face?
- Increasing competition from other banks and fintech companies.
- Regulatory changes and compliance requirements.
- Economic downturns and currency fluctuations.
- Cybersecurity risks and data breaches.
What Are PTBRY's Competitive Advantages?
- Extensive Branch Network: BNI's extensive network of branches and sub-branches provides a significant competitive advantage, particularly in reaching customers in remote areas.
- Established Brand Reputation: BNI has a long-standing reputation as a trusted and reliable bank in Indonesia, which enhances customer loyalty and attracts new customers.
- Diversified Product Offerings: BNI's comprehensive suite of financial products and services caters to a wide range of customer needs, providing a competitive edge over specialized competitors.
- Strong Government Relationships: As a state-owned bank, BNI benefits from strong relationships with the Indonesian government, which can provide access to preferential treatment and business opportunities.
What Does PTBRY Do?
Founded in 1946, PT Bank Negara Indonesia (Persero) Tbk (BNI) has evolved into one of Indonesia's largest and most established banks. Initially established to support the nation's economic development, BNI has expanded its operations to provide a comprehensive suite of financial products and services. The bank's offerings include current, savings, and money market accounts, as well as time deposit products. BNI also provides credit facilities for various purposes, including home purchases, renovations, and refinancing. Furthermore, BNI offers debit and credit cards, SMS, Internet, and phone banking services, and operates a network of automated teller machines. The bank's treasury services and transactional banking products, such as payment, collection, liquidity, and information management services, cater to both individual and corporate clients. BNI extends small and long-term loans, including working capital credit, investment credit, bank guarantees, and letters of credit. The bank also offers foreign exchange services, investment products, and trade finance services. As of December 31, 2021, BNI operated a vast network of 195 domestic branches, 1,097 sub-branches, and 874 other outlets, along with 5 overseas branches and 1 representative office.
What Products and Services Does PTBRY Offer?
- Provides current, savings, and money market accounts.
- Offers credit facilities for home purchases, renovations, and refinancing.
- Issues debit and credit cards.
- Provides SMS, Internet, and phone banking services.
- Operates a network of automated teller machines.
- Offers treasury services and transactional banking products.
- Provides small and long-term loans, including working capital and investment credit.
- Offers foreign exchange services and investment products.
How Does PTBRY Make Money?
- Generates revenue through interest income from loans and advances.
- Earns fees from banking services, such as account maintenance, transaction processing, and card services.
- Profits from trading activities, including foreign exchange and investment products.
- Derives income from investment securities and other financial assets.
What Industry Does PTBRY Operate In?
PT Bank Negara Indonesia (Persero) Tbk operates in the regional banking sector, which is characterized by increasing competition and evolving customer preferences. The Indonesian banking industry is experiencing growth driven by increasing disposable incomes and financial inclusion initiatives. BNI competes with other regional banks and international players, differentiating itself through its extensive branch network, diverse product offerings, and digital banking capabilities. The bank's focus on serving various sectors, including agriculture, telecommunication, and mining, positions it to capitalize on Indonesia's economic growth.
Who Are PTBRY's Key Customers?
- Individual customers seeking deposit accounts, loans, and other banking services.
- Small and medium-sized enterprises (SMEs) requiring financing and transactional banking solutions.
- Large corporations seeking credit facilities, treasury services, and trade finance.
- Government entities and public sector organizations.
PTBRY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying indicates strong confidence in the company's future prospects, suggesting that executives believe in upcoming growth.
- Community sentiment has shifted positively, with discussions highlighting the bank's robust digital transformation initiatives.
- Analysts have noted the potential for increased lending as economic conditions improve, which could bolster revenue streams.
- Market perception is buoyed by the government's support for banking reforms, positioning the bank favorably within the sector.
Bear Case
- Concerns over potential regulatory changes could impact profitability, creating uncertainty among investors.
- Community sentiment has shown skepticism regarding the bank's ability to compete with fintech disruptors, raising doubts about long-term growth.
- Recent geopolitical tensions may negatively affect investor confidence, leading to cautious sentiment around the banking sector.
- Market perception has been tempered by broader economic challenges, which could hinder consumer spending and loan demand.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
PTBRY Latest News
No recent news available for PTBRY.
PTBRY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PTBRY.
Price Targets
Wall Street price target analysis for PTBRY.
PTBRY MoonshotScore
What does this score mean?
The MoonshotScore rates PTBRY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Putrama Wahju Setyawan
Managing Director
Putrama Wahju Setyawan serves as the Managing Director of PT Bank Negara Indonesia (Persero) Tbk, leading a workforce of over 28,000 employees. His career spans various leadership roles in the banking and financial services sector. He brings extensive experience in strategic planning, risk management, and operational efficiency. His expertise is focused on driving growth and innovation within the organization. He is responsible for overseeing the bank's overall performance and ensuring its long-term sustainability.
Track Record: Under his leadership, PT Bank Negara Indonesia (Persero) Tbk has focused on expanding its digital banking capabilities and enhancing customer experience. He has overseen the implementation of strategic initiatives to improve operational efficiency and drive revenue growth. His tenure has been marked by a commitment to innovation and a focus on sustainable banking practices. He has also played a key role in strengthening the bank's risk management framework.
PT Bank Negara Indonesia (Persero) Tbk ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. For PT Bank Negara Indonesia (Persero) Tbk (PTBRY), each ADR represents a specific number of underlying shares of the company traded on its home market in Indonesia. This allows U.S. investors to invest in PTBRY without dealing with cross-border transactions or foreign exchanges.
- Home Market Ticker: Indonesia Stock Exchange (IDX), Indonesia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: PTBR
PTBRY OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that PTBRY may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is considered the most speculative and carries the highest risk for investors.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Financial Disclosure: OTC Other companies may have minimal or no publicly available financial information, making it difficult to assess their financial health and performance.
- Regulatory Oversight: Companies on the OTC Other tier are subject to less regulatory scrutiny, increasing the risk of fraud or mismanagement.
- Liquidity Risk: Thin trading volumes can make it difficult to buy or sell shares at desired prices.
- Price Volatility: OTC stocks are often more volatile than those listed on major exchanges.
- Information Asymmetry: Lack of readily available information can create an uneven playing field for investors.
- Verify the company's registration and legal standing.
- Obtain and review any available financial statements, even if unaudited.
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a qualified financial advisor.
- Be cautious of promotional materials and unsolicited investment advice.
- Company has been in operation for a significant period of time.
- Company has a physical presence and identifiable management team.
- Company provides clear and consistent communication with investors.
- Company's business model appears reasonable and sustainable.
- Company has a history of paying dividends (if applicable).
PT Bank Negara Indonesia (Persero) Tbk Financial Services Stock: Key Questions Answered
What does PT Bank Negara Indonesia (Persero) Tbk do?
PT Bank Negara Indonesia (Persero) Tbk (BNI) is a leading Indonesian bank providing a wide range of financial products and services to individuals, SMEs, and large corporations. Its services include deposit accounts, loans, credit cards, digital banking, treasury services, and trade finance. BNI operates through an extensive network of branches, sub-branches, and ATMs across Indonesia, as well as overseas branches and representative offices. The bank focuses on serving various sectors, including agriculture, telecommunication, and mining, contributing to Indonesia's economic development.
What are the main risks for PTBRY?
The main risks for PT Bank Negara Indonesia (Persero) Tbk include increased competition from other banks and fintech companies, economic downturns and currency fluctuations in Indonesia, regulatory changes and compliance requirements, cybersecurity risks and data breaches, and geopolitical instability. These risks could impact the bank's profitability, asset quality, and reputation. Effective risk management strategies and proactive measures are crucial to mitigate these potential challenges.
What are the key factors to evaluate for PTBRY?
Evaluate PTBRY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does PTBRY data refresh on this page?
PTBRY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven PTBRY's recent stock price performance?
PT Bank Negara Indonesia (Persero) Tbk (PTBRY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established brand reputation and long history in Indonesia. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PTBRY overvalued or undervalued right now?
Valuing PT Bank Negara Indonesia (Persero) Tbk (PTBRY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying PTBRY?
Before investing in PT Bank Negara Indonesia (Persero) Tbk (PTBRY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding PTBRY to a portfolio?
Key strength of PT Bank Negara Indonesia (Persero) Tbk (PTBRY): Established brand reputation and long history in Indonesia. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of December 31, 2021.
- AI analysis is pending and may provide further insights.
- Investment decisions should be based on thorough research and consultation with a qualified financial advisor.