BRI Reaches Profit of IDR 39.31 Trillion in Q3 2022
On November 16, 2022, PT Bank Rakyat Indonesia (BRI) announced a net profit of IDR 39.31 trillion for Q3 2022, marking a 106.14% Year-on-Year growth. Total assets grew by 4.00% YoY to IDR 1,684.60 trillion. Loans and financing amounted to IDR 1,111.48 trillion, a 7.92% increase, with MSME loans comprising 84.20% of the total. BRI's NPL ratio stands at 3.09%, reflecting robust risk management.
- Net profit increased by 106.14% YoY to IDR 39.31 trillion.
- Total assets rose by 4.00% YoY to IDR 1,684.60 trillion.
- Total loans and financing grew 7.92% YoY to IDR 1,111.48 trillion.
- MSME loans increased to IDR 935.86 trillion, representing 84.20% of the loan portfolio.
- NPL ratio improved to 3.09% with an NPL coverage of 278.79%.
- None.
JAKARTA, Indonesia, Nov. 16, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) recorded a net profit of IDR 39.31 trillion in Q3 2022. "In 9 months, BRI managed to record
In Q3 2022, BRI's total loans and financing reached IDR 1,111.48 trillion (
"Considering that
BRI's success in carrying out the intermediary function, balanced with good risk management, was reflected in BRI's consolidated NPL ratio of
Furthermore, BRI's third-party funds (DPK) recorded growth to IDR 1,139.77 trillion in Q3 2022 with Low-cost funds (CASA) being the main growth driver of BRI's DPK growth. The proportion of consolidated CASA was recorded at
In line with the G20's priority issues, BRI is committed to become a 'Champion of Financial Inclusion' by 2025. "BRI has prepared a hybrid bank strategy to encourage financial that include the Ultra-Micro (UMi) Ecosystem Integration and expansion of BRILink Agent services," added Sunarso.
Since its establishment, the UMi Holding has had positive impacts on Indonesia's economy, integrating 28.1 million customers with a total outstanding financing of IDR 196.6 trillion. The UMi Service Center co-location or "Senyum", reached 1,003. In addition, PNM Mekaar's customers, now members of BRILink Agents, have reached 47.2 thousand and served roughly 799 million financial transactions, with a transaction volume of IDR 963 trillion.
"BRI will continue to maintain positive performances to continue to grow and become more resilient," concluded Sunarso.
For more information about Bank BRI, visit www.bri.co.id.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
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