BRI takes top spot in Indonesia and ranks 15th in the 2024 Fortune Southeast Asia 500, Further Cementing its Industry Prominence

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BRI, known as PT. Bank Rakyat Indonesia (Persero) Tbk, has made significant strides by ranking first in Indonesia and 15th overall in the 2024 Fortune Southeast Asia 500 list. This list, released on June 18, evaluates the largest companies in Southeast Asia based on revenue, profit, and assets. BRI achieved this with $14.9 billion in revenue, $3.9 billion in profit, and total assets of $127.6 billion.

The Fortune Southeast Asia 500 list includes companies from seven countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia, with Indonesia leading in representation.

BRI's impressive performance is further acknowledged by Forbes, which named it the largest company in Indonesia on the Forbes Global 2000 list for 2024. This recognition underscores BRI's strategic success in navigating global economic uncertainties and high interest rates, further solidifying its leadership in the banking industry.

JAKARTA, Indonesia, June 27, 2024 /PRNewswire/ -- PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) achieved a remarkable milestone by leading the banking industry in Indonesia in the Fortune Southeast Asia 500 list. On June 18, globally renowned business media Fortune announced the inaugural list, which ranks the 500 largest companies in Southeast Asia based on revenue, profit and assets.

In the Fortune Southeast Asia 500 list, BRI ranked 15th among the 500 listed companies with recorded revenue of $14.9 billion, profit of $3.9 billion and total assets of $127.6 billion, according to Fortune's official website. The ranking includes companies from seven Southeast Asian countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines and Cambodia. Indonesia leads with 110 companies, followed by Thailand with 107 companies, Malaysia with 89 companies, and Singapore with 84 companies. In addition, Vietnam has 70 companies on the list, the Philippines 38, and Cambodia 2.

"The Fortune Southeast Asia 500 reflects a dynamic and rapidly changing Southeast Asian region, whose main economies are growing faster than those in Europe or the United States. This is partly due to Southeast Asia's increasingly significant role in the global economy, highlighted by the fact that many Global 500 multinational companies have shifted more of their supply chains to Southeast Asian countries," said Clay Chandler, Executive Editor of Fortune Asia.

This achievement further complements BRI's previous recognition on the international stage. Forbes previously named BRI as the largest company in Indonesia in the Forbes Global 2000 list for the year 2024.

"Amid global economic uncertainties and an era of high interest rates, BRI's success in gaining recognition from Forbes and Fortune proves that the international community recognizes and appreciates BRI's strategic response to challenges. This has proven to be a successful foundation for achieving positive performance results and positioning BRI as a leader in the banking industry in Indonesia," said BRI CEO Sunarso.

For more information on BRI, please visit www.bri.co.id

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What is BRI's ranking in the 2024 Fortune Southeast Asia 500 list?

BRI ranked 15th in the 2024 Fortune Southeast Asia 500 list.

How much revenue did BRI record to achieve its ranking in the Fortune Southeast Asia 500 list?

BRI recorded $14.9 billion in revenue.

What is BRI's profit according to the 2024 Fortune Southeast Asia 500 list?

BRI's profit was $3.9 billion.

How many companies from Indonesia are included in the 2024 Fortune Southeast Asia 500 list?

There are 110 companies from Indonesia in the 2024 Fortune Southeast Asia 500 list.

What did Forbes name BRI in the Forbes Global 2000 list for 2024?

Forbes named BRI the largest company in Indonesia in the Forbes Global 2000 list for 2024.

How does BRI's performance reflect its industry prominence in 2024?

BRI's performance reflects its industry prominence by leading in Indonesia and ranking 15th in the Fortune Southeast Asia 500, along with recognition from Forbes as Indonesia's largest company.