BRI Won 2 International Awards at the Asia Trailblazer Awards 2023

Rhea-AI Summary

On March 9, 2023, PT Bank Rakyat Indonesia (BRI) received two prestigious awards at the RBI Asia Trailblazer Awards 2023 held in Singapore. BRI was recognized for 'Best in Current Account Offering' and received 'Highly Commended' for 'Excellence in Mass Affluent Banking.' These accolades highlight BRI's commitment to innovation and customer service, following a successful year marked by a 67.15% YoY net profit growth to IDR 51.4 trillion. Additionally, BRI saw a 10.16% YoY increase in commission-based income, totaling IDR 18.8 trillion. The bank aims to establish itself as 'The Most Valuable Banking Group in Southeast Asia' by 2025.

Positive

• Awarded 'Best in Current Account Offering' and 'Highly Commended' for 'Excellence in Mass Affluent Banking'.
• Net profit grew by 67.15% YoY, reaching IDR 51.4 trillion.
• 10.16% YoY increase in commission-based income, totaling IDR 18.8 trillion.
• 75% YoY increase in new investors and over 305% growth in new insurance policies.

Negative

• None.

JAKARTA, Indonesia, March 14, 2023 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) has received two international recognitions at the Retail Banker International (RBI) Asia Trailblazer Awards 2023 in Singapore on 9 March 2023. BRI won 'Best in Current Account Offering' and was 'Highly Commended' for 'Excellence in Mass Affluent Banking'.

The RBI Asia Trailblazer Awards is an annual event that recognizes outstanding institutions and individuals in the retail banking sector for their innovative services and commitment to customers. This marks BRI's second year of participation in the event, and they have once again maintained their awards from the previous year.

"These awards serve as a motivation to continue delivering innovative and reliable banking solutions to our valued customers," said Agus Noorsanto, BRI's Director of Wholesale and Institutional Business BRI, upon receiving the award.

The initiative implemented for the 'Best in Current Account Offering' category at the RBI Asia Trailblazer Awards 2023 is the Digital Safe Machine, a cash deposit machine equipped with a system that records deposited cash in real-time and credits it directly to the merchant's account. The real-time feature uses an API service connected to the bank and the Digital Safe Machine is placed in the merchant's back office, making it accessible only to the merchants.

BRI's Wealth Management segment has continued to grow through digital technology optimization. BRI maintains consistency by providing personalized services tailored to each customer's needs. Over the past decade, BRI's total assets have continued to grow, as seen in a 75% Year-on-Year (YoY) increase in new investors and over 305% YoY growth in new insurance policies.

BRI's financial performance in 2022 reflects the effectiveness of its strategies, with a net profit of IDR 51.4 trillion or 67.15% YoY increase. The growth was driven by a 10.16% YoY increase in commission-based income, reaching IDR 18.8 trillion and resulting in a fee-to-income ratio of 11.37%.

"Our strategies align with our vision to become 'The Most Valuable Banking Group in Southeast Asia' and 'The Champion in Financial Inclusion' by 2025. We strive to be the customers' preferred choice for all banking transactions, offering not only banking products but also a one-stop financial solution for individuals and corporations," concluded Agus.

To find out more about BRI, visit www.bri.co.id.

View original content:https://www.prnewswire.com/news-releases/bri-won-2-international-awards-at-the-asia-trailblazer-awards-2023-301771286.html

SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What awards did BRI win at the RBI Asia Trailblazer Awards 2023?

BRI won 'Best in Current Account Offering' and was 'Highly Commended' for 'Excellence in Mass Affluent Banking'.

What was BRI's net profit for 2022?

BRI's net profit for 2022 was IDR 51.4 trillion, reflecting a 67.15% YoY increase.

How much did BRI's commission-based income increase in 2022?

BRI's commission-based income increased by 10.16% YoY, amounting to IDR 18.8 trillion.

What is BRI's goal by 2025?

BRI aims to become 'The Most Valuable Banking Group in Southeast Asia' and 'The Champion in Financial Inclusion' by 2025.