BRI Sustains Growth: Micro Credit Surges 11.41%, Records IDR 29.56 Trillion Profit
- BRI's assets surge by 9.21% YoY, reaching IDR 1,805.15 trillion
- BRI attains a consolidated profit of IDR 29.56 trillion, reflecting an impressive 18.83% YoY growth
- Microcredit grows exponentially at 11.41% YoY, reaching IDR 577.94 trillion
- NPL ratio improves to 2.95%
- CASA grows by 10.13% YoY to IDR 815.42 trillion
- ESG-related BRI credit makes up 67.2% of the portfolio (IDR 732.3 trillion)
- None.
This was conveyed by BRI's President Director, Sunarso, during the presentation of BRI's Financial Performance for Q2 2023 on Wednesday (30/8). Sunarso revealed that among the key factors supporting BRI's performance are the growth of microcredit and CASA which reached double digits, maintained asset quality, improved efficiency ratio, consistent growth in fee-based income proportion, and the increasingly solid performance of subsidiaries incorporated within the BRI Group.
Micro Segment Amplifies MSME Lending
In the domain of credit distribution, BRI extended loans and financing worth
By Q2 2023, Ultra Micro Holding (Umi) has integrated 36M loan and 162M micro savings customers. BRI's credit ability aligns with its commitment to loan quality. "BRI's NPL management success is coupled with robust provisioning. By Q2 2023, BRI's NPL Coverage is at
Quality Lending Underpins Sustainable Growth
BRI's judicious credit management is evident in its Non-Performing Loan (NPL) ratio, which improved to
Sustained MSME Empowerment
BRI's robust financial performance accompanies comprehensive ESG initiatives. By Q2 2023, ESG-related BRI credit makes up
Desa BRILian engages 2,449 fostered villages nationwide, and My Cluster My Life empowers 17,418 business clusters. "BRI's sustainable banking fosters lasting growth, aligning with the vision to be
For comprehensive information about BANK BRI, visit www.bri.co.id
View original content to download multimedia:https://www.prnewswire.com/news-releases/bri-sustains-growth-micro-credit-surges-11-41-records-idr-29-56-trillion-profit-301915588.html
SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
FAQ
What is the YoY growth of BRI's assets in Q2 2023?
What is the consolidated profit of BRI in Q2 2023?
What is the growth rate of microcredit in Q2 2023?
What is the NPL ratio of BRI in Q2 2023?
What is the growth rate of CASA in Q2 2023?