BRI Tops Forbes Global 2000's List for the Most Valuable Companies in Indonesia

Rhea-AI Summary

PT Bank Rakyat Indonesia (BRI) has been recognized in the Forbes 2021 Global 2000 as the most valuable public company in Indonesia, ranking 362nd overall. This marks BRI's seventh consecutive year on the list, highlighting its significant focus on micro, small, and medium enterprises (MSMEs). Despite the adverse effects of the COVID-19 pandemic, BRI reported revenues of USD 10 billion, assets of USD 107.6 billion, and profits of USD 1.3 billion. This achievement reflects BRI's robust business model and commitment to supporting the national economy.

Positive

• Recognized as the most valuable public company in Indonesia by Forbes.
• Ranked 362nd in the Global 2000 list, indicating strong market positioning.
• Achieved revenues of USD 10 billion despite pandemic challenges.
• Assets totaled USD 107.6 billion, showing strong financial health.
• Profit reached USD 1.3 billion, showcasing operational efficiency.

Negative

• None.

JAKARTA, Indonesia, May 19, 2021 /PRNewswire/ -- PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) ("BRI") today announced it had been named a Forbes 2021 Global 2000 World's Largest Public Company and the most valuable public company in Indonesia. With this prestigious award, BRI reinforces its substantial achievements and international recognition for its business model.

BRI is ranked 362^nd among the 2000 world's best public companies. The bank, which Sunarso now leads as the President Director is also included in the Forbes list of World Best Banks 2021.

According to the official Forbes' website, there are six Indonesian public companies listed in the list, and BRI is in the highest position for seven consecutive years since 2014.  

"The achievement affirms BRI's commitment to focusing on micro, small, and medium enterprises (MSMEs) sectors. This also strengthens our role and position as a strategic partner for the government helping to recover national economic recovery in Indonesia," said Sunarso, President Director of BRI.

Forbes' Global 2000: The World's Largest Public Companies is sourced from the FactSet Research system, selected from the world's 2000 largest public companies in terms of four equally weighted metrics: sales, profit, assets, and market value.

Despite the challenging market conditions because of COVID-19 pandemic, BRI was still able to record excellent performance. BRI is now ranked 1007 in sales and 529 in profitability, while assets are at 354 and 505 in market value. The bank that is focusing on MSMEs sectors has recorded revenues of around USD 10 billion, with assets reaching USD 107.6 billion and a profit of USD 1.3 billion.

On average, the 2000 companies listed in the Forbes Global 2000 have experienced an increase in market capitalization of 47 percent. Figures show a total of USD 79.8 trillion in market capitalization, with revenues dropping 6 percent to USD 39.8 trillion and profits down 24 percent to USD 2.5 trillion.

For more information, visit www.bri.co.id

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What is the significance of BRI being ranked 362nd in the Forbes Global 2000?

BRI's ranking of 362nd in the Forbes Global 2000 signifies its status as Indonesia's most valuable public company, reflecting strong performance in sales, profitability, assets, and market value.

How did BRI perform financially in 2021 according to the Forbes Global 2000 list?

In 2021, BRI reported revenues of USD 10 billion, assets of USD 107.6 billion, and a profit of USD 1.3 billion, demonstrating resilience even during the pandemic.

How many Indonesian companies are listed in the Forbes Global 2000?

There are six Indonesian companies listed in the Forbes Global 2000, with BRI holding the highest position.

What focus areas contributed to BRI's recognition by Forbes?

BRI's commitment to micro, small, and medium enterprises (MSMEs) significantly contributed to its recognition as a strategic partner for Indonesia's economic recovery.

What challenges did BRI face in achieving its 2021 rankings?

Despite challenging market conditions due to the COVID-19 pandemic, BRI managed to achieve strong financial results, which contributed to its high ranking.