Welcome to our dedicated page for Bank Rakyat news (Ticker: BKRKY), a resource for investors and traders seeking the latest updates and insights on Bank Rakyat stock.
Introduction
Bank Rakyat (BKRKY) stands as a prominent financial institution in Indonesia with a robust foundation in traditional banking and an unwavering commitment to digital transformation. With its deep roots in retail banking and a strong focus on MSME (Micro, Small, and Medium Enterprise) financing, the bank effectively integrates innovative mobile banking solutions, digital financial services, and a comprehensive branch network to serve a diverse customer base across the nation. In a competitive landscape, Bank Rakyat demonstrates a balanced approach to combining trusted banking practices with cutting-edge technology, ensuring that high-quality financial products are accessible to both urban and rural populations.
Core Business and Value Proposition
The primary strength of Bank Rakyat lies in its diversified business model, which encompasses traditional deposit-taking, lending, and a suite of digital financial services that cater to both retail and corporate clients. The bank remains dedicated to supporting MSMEs, which are the lifeblood of the Indonesian economy, by offering tailored credit solutions and affordable banking services. This focused approach not only strengthens the nation’s economic engine but also deepens financial inclusion among underbanked segments.
Digital Transformation and Technological Innovation
At the forefront of its modernization efforts, Bank Rakyat has invested significantly in mobile banking and digital financial technologies. Its state-of-the-art mobile application provides uninterrupted banking access through features such as digital account management, multi-currency services, and secure remittance options. These technological innovations are strategically designed to meet the evolving needs of customers, ensuring high transaction reliability and layered security measures that include biometric authentication and advanced encryption protocols. This blend of technology and traditional banking reinforces the institution’s commitment to being both innovative and trusted.
Market Position and Competitive Landscape
Bank Rakyat's market position is anchored in its unwavering focus on financial inclusivity and customer-centric innovations. It leverages an extensive branch and agent network to reach even the most remote areas, thereby offering practical financial solutions in regions where traditional banking services are limited. In comparison to its peers, the bank distinguishes itself through a hybrid banking strategy that blends digital ease with personalized service. This strategic advantage has fortified its competitive positioning as a key player in the Indonesian banking sector, particularly among MSMEs and retail clients.
Operational Excellence and Risk Management
Operational excellence is a core tenet at Bank Rakyat. The institution employs robust risk management practices and early warning systems to ensure disciplined credit monitoring and selective growth. An emphasis on secure digital transactions and sound liquidity management further underpins its ability to maintain quality asset performance. Such practices allow the bank to manage market volatility prudently while upholding stringent asset quality controls, thereby reinforcing investor confidence and market stability.
Commitment to Financial Inclusion
Bank Rakyat is intrinsically committed to advancing financial literacy and inclusion in Indonesia. By focusing on serving the underserved segments of society, including rural populations and MSMEs, the institution fosters a more inclusive economic environment. Through strategic initiatives such as comprehensive digital banking platforms and community-focused outreach, the bank plays a pivotal role in promoting sustainable growth and broader economic participation, ensuring that its services cater to a wide demographic.
Industry Recognition and Strategic Initiatives
With a history of prudent growth and strategic investments in technology, Bank Rakyat has garnered widespread industry recognition. Its commitment to excellence is reflected in numerous accolades that acknowledge its distinctive approach to integrating digital innovation into traditional banking. The bank also regularly hosts events and seminars aimed at empowering local enterprises and promoting best practices in financial management. These initiatives not only bolster its reputation but also contribute to strengthening the overall banking ecosystem within Indonesia.
Conclusion
In summary, Bank Rakyat (BKRKY) is a stalwart financial institution that effectively bridges conventional banking with modern digital solutions. Its unwavering dedication to supporting MSMEs, empowering underserved communities, and advancing secure digital banking practices positions the bank as a critical pillar in Indonesia’s financial industry. The institution’s balanced emphasis on innovation, operational discipline, and expansive market outreach continues to drive its credibility and authority, making it a vital resource for both the public and industry observers.
Bank Rakyat Indonesia (BRI) announced key decisions from its 2025 Annual General Meeting of Shareholders (AGMS). The bank approved a dividend distribution of IDR 51.73 trillion, marking an increase from IDR 48.10 trillion in 2024. This follows BRI's consolidated net profit of IDR 60.15 trillion for fiscal year 2024.
The dividend includes an interim payment of IDR 20.33 trillion (IDR 135 per share) distributed on January 15, 2025, with the remaining IDR 31.40 trillion to be paid out. The state will receive IDR 27.68 trillion of the total dividend.
Additionally, BRI approved a share buyback program of up to IDR 3 trillion to be executed through the Stock Exchange or outside it. The AGMS also announced significant management changes, including the appointment of Hery Gunardi as President Director and several other key executive positions.
Bank Rakyat Indonesia (BKRKY) has secured five prestigious awards at the Retail Banker International (RBI) Asia Trailblazer Awards 2025 in Singapore. The awards include Best Retail Bank Indonesia, SME Bank of The Year, Best CSR Initiative, Excellence in Employee Engagement, and Best Current Account Offering.
The bank's total loan disbursement reached IDR 1,354.64 trillion, showing a 6.97% year-on-year growth across all segments. Notably, 81.97% of BRI's total loans (IDR 1,110.37 trillion) were directed to the MSME sector, demonstrating the bank's strong commitment to supporting small and medium enterprises.
The recognition highlights BRI's success in maintaining strong fundamental performance while focusing on digital banking services, MSME empowerment, sustainability programs, workplace culture, and efficient business banking solutions.
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%.
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