BRI Leads the Way: Dominates Indonesia's Banking Sector in The Banker's Top 1000 Banks 2024

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Bank Rakyat Indonesia (BRI) has been recognized as the leading bank in Indonesia and ranked 110th globally by The Banker in their Top 1000 Banks 2024 list. This achievement is part of a series of recent accolades for BRI, including being named the largest company in Indonesia by Forbes International and ranking as the top bank in Indonesia by Fortune's Southeast Asia 500 list.

BRI also received 11 awards from Finance Asia, including Best CEO (Gold) for Sunarso and Best Managed Company (Gold). The bank's success is attributed to its commitment to empowering micro, small, and medium enterprises (MSMEs) and its effective strategic responses to global economic challenges.

These recognitions highlight BRI's growing influence in the regional and global financial industry, as well as its positive performance amid economic uncertainty and high interest rates.

JAKARTA, Indonesia, July 18, 2024 /PRNewswire/ -- Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) continues to shine, being recognized as the leading bank in Indonesia and ranked 110th globally by The Banker. The London-based leading global financial and business media released the Top 1000 Banks 2024 list on July 10. The list ranks the world's top banks based on Tier 1 capital, assets, profit before tax, capital asset ratio, return on capital and return on assets.

The Banker's editor, Kimberley Long, highlighted that Indonesian banks are currently experiencing a period of increased Tier 1 capital, supported by strong economic growth and stable conditions. "Optimism is reflected in the positions of Indonesian banks on the Top 1000 list, as many have recovered from last year's decline in Tier 1 capital," said Long. The Banker, a Financial Times company, has been a trusted source of global financial information since 1926.

This recognition adds to BRI's recent achievements. On June 13, Forbes International named BRI the largest company in Indonesia in The Global 2000 list. On June 18, Fortune's inaugural Southeast Asia 500 list ranked BRI as the top bank in Indonesia and fourth in the financial category in Southeast Asia.

Next, BRI received 11 awards from Finance Asia at the Finance Asia Awards and Asia's Best Companies Poll Gala Dinner 2024 on June 27 in Hong Kong. They are: Best CEO (Gold) for Sunarso, Best Managed Company (Gold), Best Investor Relations (Gold), Best CFO (Silver) for Viviana Dyah Ayu, Most Committed to DEI (Silver), Most Committed to ESG (Silver), Best Large Cap Company (Bronze), Best Bank for Financial Inclusion, Best Commercial Bank - SMEs, Best Sustainable Bank (highly commended), and Most Innovative Technology (highly commended).

BRI President Director Sunarso attributed the awards to the company's commitment to empowering micro, small and medium enterprises (MSMEs). He added that recognition from Forbes, Fortune, Finance Asia and The Banker amid global economic uncertainty and high interest rates underscores BRI's effective strategic responses. "This has proven to be a successful foundation for the positive performance of BRI, which is a leader in the banking industry in Indonesia and increasingly influential in the regional and global financial industry," Sunarso concluded. 

For more information about Bank BRI, please visit: https://www.bri.co.id/   

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What ranking did BRI achieve in The Banker's Top 1000 Banks 2024 list?

BRI was ranked 110th globally and recognized as the leading bank in Indonesia in The Banker's Top 1000 Banks 2024 list.

How many awards did BRI receive from Finance Asia in 2024?

BRI received 11 awards from Finance Asia at the Finance Asia Awards and Asia's Best Companies Poll Gala Dinner 2024.

What factors contributed to BRI's success according to President Director Sunarso?

Sunarso attributed BRI's success to its commitment to empowering micro, small and medium enterprises (MSMEs) and effective strategic responses to global economic challenges.

How did BRI perform in Forbes International's The Global 2000 list?

BRI was named the largest company in Indonesia in Forbes International's The Global 2000 list on June 13, 2024.

What was BRI's ranking in Fortune's Southeast Asia 500 list?

BRI was ranked as the top bank in Indonesia and fourth in the financial category in Southeast Asia in Fortune's inaugural Southeast Asia 500 list.