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Overview of Bank Rakyat Indonesia (BKRKY)
Bank Rakyat Indonesia (BRI), trading under the symbol BKRKY, is a leading financial institution headquartered in Indonesia. Established with a mission to foster financial inclusion, BRI has become a cornerstone of the Indonesian banking industry, particularly through its unwavering focus on serving the Micro, Small, and Medium Enterprise (MSME) sector. With a robust portfolio that spans retail banking, corporate banking, and digital financial services, BRI plays a critical role in empowering Indonesia's economy while addressing the diverse needs of its customers.
Core Business and Revenue Streams
BRI's primary revenue streams are rooted in its extensive credit disbursement to the MSME sector, which constitutes over 80% of its total loan portfolio. This focus on MSMEs is complemented by its fee-based income derived from innovative digital platforms such as BRImo, a mobile banking application that integrates seamless financial services with advanced security features. The bank also generates revenue through its subsidiaries, including Pegadaian and Permodalan Nasional Madani (PNM), which further strengthen its presence in the ultra-micro segment.
Digital Transformation and Innovation
BRI has been at the forefront of digital transformation in Indonesia's banking sector. Its flagship super-app, BRImo, exemplifies its commitment to enhancing customer experience and financial accessibility. With features like multi-currency savings, international remittance management, and cross-border QR payments, BRImo has become a vital tool for both individual customers and MSMEs. The app's integration of advanced technologies, such as biometric security and real-time transaction monitoring, underscores BRI's focus on reliability and innovation.
Sustainability and Social Impact
Aligned with its role as an agent of development, BRI prioritizes sustainability and social responsibility. Its initiatives, such as paperless transactions and hybrid banking through AgenBRILink, contribute to reducing carbon footprints and expanding financial services to underserved rural areas. The bank's Ultra Micro Holding, comprising Pegadaian and PNM, has significantly advanced financial inclusion by serving millions of depositors and borrowers in Indonesia.
Market Position and Competitive Landscape
BRI is recognized as a market leader in MSME financing, with a consistently high net interest margin (NIM) and return on equity (ROE). Its extensive branch network, coupled with a growing digital presence, provides a competitive edge in reaching diverse customer segments. Despite challenges such as asset quality management, BRI's proactive risk mitigation strategies and robust capital reserves position it as a resilient player in the banking industry.
Commitment to Growth and Innovation
BRI's strategic initiatives, including its hybrid banking model and digital transformation efforts, reflect its long-term commitment to sustainable growth. By leveraging its expertise in MSME financing and embracing technological advancements, BRI continues to strengthen its role as a driver of economic empowerment in Indonesia.
With a unique blend of traditional banking expertise and forward-thinking innovation, Bank Rakyat Indonesia (BKRKY) remains a pivotal institution in shaping Indonesia's financial landscape.
PT Bank Rakyat Indonesia (BBRI) announced the official inauguration of the Pegadaian Gold Bank Service by Indonesian President Prabowo Subianto. The initiative, involving BRI's subsidiary Pegadaian and Bank Syariah Indonesia, aims to contribute approximately IDR 245 trillion to Indonesia's GDP and create 1.8 million new jobs.
The Gold Bank program targets to utilize 1,800 tons of publicly-owned gold, with Pegadaian currently managing 90 tons and achieving a 35% year-over-year increase in sales to 9 tons in 2024. BRI's Gold Investment feature on the BRImo app, launched in February 2024, has recorded IDR 279.8 billion in transaction volume by December.
Bank Rakyat Indonesia (BRI) reported strong financial results for 2024, achieving a consolidated net profit of IDR 60.64 trillion. The bank's total assets grew 1.42% year-over-year to IDR 1,992.98 trillion, while loan disbursement increased 6.97% to IDR 1,354.64 trillion. The MSME segment remained a key focus, accounting for 81.97% of total loans at IDR 1,110.37 trillion.
BRI demonstrated improved asset quality with a Non-Performing Loan (NPL) ratio decreasing from 2.95% to 2.78%, supported by a strong NPL Coverage ratio of 215.01%. The bank maintains extensive MSME support through various programs, including Ultra Micro Holding serving over 180 million savings customers, People's Business Credit disbursing IDR 184.98 trillion, and AgenBRILink's network of 1.06 million banking agents facilitating IDR 1,583 trillion in transactions.
BRI UMKM EXPO(RT) 2025, organized by PT Bank Rakyat Indonesia (IDX: BBRI), concluded successfully with remarkable achievements. The event, held from January 30 to February 2, 2025, at ICE BSD City, attracted over 63,000 visitors, surpassing its initial target of 50,000. The expo generated IDR 38.9 billion in transactions and secured USD 90.6 million in export contracts through business matching.
The event showcased 1,000 top Indonesian MSMEs and attracted 506 registered buyers from 34 countries, significantly exceeding the initial target of 94 buyers. Notable success included PT Siger Jaya Abadi's USD 13.05 million export deal with Bluestar Food , USA. The expo featured awards in three categories: Top Deals on Business Matching, Newcomers on Business Matching, and Best Expo, recognizing outstanding MSMEs in various sectors.
Bank Rakyat Indonesia (BRI) has launched BRI UMKM EXPO(RT) 2025 and BRI Microfinance Outlook 2025 at ICE BSD City, Tangerang. The event, themed 'Broadening MSME's Global Outreach,' aims to expand Indonesian MSMEs' market reach and enhance local entrepreneurs' global competitiveness.
BRI targets business matching deals worth US$ 89.4 million throughout 2025, surpassing the US$ 81.3 million achieved in 2023. The bank is partnering with the Ministry of Trade to conduct bi-monthly business matching sessions in 2025.
The Microfinance Outlook forum, themed 'Empowering the People's Economy: A Pillar for Achieving Inclusive & Sustainable Growth,' features notable speakers including ADB Chief Economist Albert Francis Park, Nobel Laureate Paul Romer, and Women's World Banking Head Harsha Rodrigues.
PT Bank Rakyat Indonesia (BBRI) announced the 6th edition of BRI UMKM EXPO(RT) 2025, scheduled for January 30 to February 2, 2025, at ICE BSD City Nusantara. The event, themed 'Broadening MSME's Global Outreach', aims to enhance Indonesian MSMEs' competitiveness in global markets.
The expo attracted 3,006 MSME applicants, with 1,000 selected across five categories: Home Décor & Craft, Food & Beverage, Accessories & Beauty, Fashion & Wastra, and Healthcare & Wellness. The event will feature various activities including MSME Expos, Partner Gatherings, Talk Shows, and Workshops.
Additionally, BRI will host the BRI Microfinance Outlook 2025, an international seminar featuring prominent speakers including Finance Minister Sri Mulyani, Nobel laureate Paul Romer, and ADB Chief Economist Albert Francis Park, focusing on empowering the people's economy for inclusive and sustainable growth.
Bank Rakyat Indonesia (BBRI) has announced the distribution of interim dividends totaling Rp20.33 trillion, equivalent to Rp135 per share, scheduled for January 15, 2025. Under the company's ownership structure, the Indonesian government, holding 53.19% (80.61 billion shares), will receive Rp10.88 trillion, while public shareholders owning 46.81% (70.95 billion shares) will receive Rp9.45 trillion.
With 653,251 shareholders as of December 2024, BBRI maintains the highest shareholder count among stocks traded on the Indonesia Stock Exchange. The dividend distribution demonstrates BRI's commitment to creating sustainable value for shareholders while supporting national economic development through its business transformation initiatives.
BRI (IDX: BBRI) has announced significant growth in its mobile banking app BRImo, reaching 38.1 million users as of November 2024, marking a 22.9% year-on-year increase. The super-app recorded a transaction value of IDR 5,057 trillion and generated IDR 2.64 trillion in fee-based income.
BRImo has achieved a 4.7 rating on app stores and became Indonesia's most-downloaded mobile banking app in 2024. The app now offers enhanced cross-border capabilities, including account opening for Indonesian citizens abroad using local phone numbers across 11 specified countries and regions, plus money transfers to over 160 countries.
The platform introduces BritAma Valas for foreign currency management, enabling users to save, convert, and top up foreign currency balances with real-time exchange rates. Users can also manage a BRI Multicurrency Debit Card supporting transactions in 12 different currencies.
Bank Rakyat Indonesia (BRI) announces a significant interim dividend distribution of Rp20.46 trillion (Rp135 per share) as part of its 129th Anniversary celebration. Of this amount, Rp10.88 trillion will go to the Indonesian Government and Rp9.58 trillion to public shareholders, with payment scheduled for January 15, 2025.
The bank's strong financial performance is reflected in its Q3 2024 results, showing a consolidated net profit of Rp45.36 trillion. BRI's loan disbursement reached Rp1,353.36 trillion, growing 8.21% YoY, with 81.70% directed to the MSME segment. The bank's assets grew 5.94% YoY to Rp1,961.92 trillion, while maintaining improved asset quality with an NPL ratio of 2.90% and LAR ratio of 11.66%.
Bank Rakyat Indonesia (BRI) reported strong Q3 2024 performance with a net profit of IDR 45.36 trillion. The bank's loan disbursement reached IDR 1,353.36 trillion, growing 8.21% year-on-year, with 81.70% allocated to MSMEs. Assets increased 5.94% to IDR 1,961.92 trillion. BRI improved asset quality with NPL decreasing to 2.90% and maintaining strong reserves with an NPL coverage ratio of 215.44%. Third-party funds grew 5.59% to IDR 1,362.42 trillion, with CASA ratio improving to 64.17%. The bank's digital platform BRImo reached 37.14 million users, processing IDR 4,034 trillion in transactions.
Bank Rakyat Indonesia (BRI) celebrates the third anniversary of its Ultra Micro Holding (UMi), a significant milestone in promoting financial inclusion in Indonesia. Established in 2021, UMi comprises BRI, Pegadaian, and Permodalan Nasional Madani (PNM), serving over 176 million depositors and 36.1 million borrowers with financing exceeding IDR 622.3 trillion. Key achievements include:
- Expanded access to financing for MSMEs
- Enhanced financial inclusion through diverse services
- Synergy through 1,025 Senyum Co-Locations
- Community empowerment programs offering financial literacy and entrepreneurship training
The initiative aligns with Indonesia's focus on strengthening MSME competitiveness, which contributes 61% to GDP and 97% to employment.
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