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BANK RAKYAT UNSP/ADR B - BKRKY STOCK NEWS

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PT Bank Rakyat Indonesia (BRI) Persero Tbk (IDX: BBRI) is a leading financial institution in Indonesia, with a strong focus on promoting financial literacy and inclusion through its flagship mobile banking app, BRImo. Launched in 2019, BRImo has rapidly grown its user base to 31.6 million and has completed transactions worth IDR 4.158 trillion as of December 2023. The app offers a wide range of features including multi-currency savings, international remittance, and QR code-based payments, empowering MSMEs and retail clients. BRI's commitment to customer excellence, innovation, and sustainability sets it apart as a key player in Indonesia's banking sector.

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PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has initiated a share buyback program in response to stock price adjustments post Q1 2024 Financial Report. The buyback allows repurchasing up to IDR 1.5 trillion worth of BBRI shares within 18 months, aiming to signal a stronger company position. Despite short-term corrections, BRI focuses on long-term growth and benefits for shareholders, emphasizing prudent banking principles and MSME empowerment.

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BRI Reports Robust Profit of IDR 15.98 Trillion in Q1 2024. PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announced a strong profit despite global economic challenges. President Director Sunarso emphasized domestic resilience and growth, with a focus on supporting domestic initiatives. BRI's support for the SME sector remained strong, with a significant increase in loans directed towards SMEs, resulting in a rise in BRI's assets. In terms of liabilities, BRI saw an increase in Third-Party Funds and dominated the deposit portfolio through Current Account Savings Account. The company maintained strong financial ratios, including a robust Loan to Deposit Ratio and Capital Adequacy Ratio, while achieving substantial growth in Fee Based Income and expanding its user base through BRImo and AgenBRILink.

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PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) celebrates the success of BRImo, its mobile banking app, with 31.6 million users and IDR 4.158 trillion transaction value. BRImo revolutionizes Indonesian banking by promoting financial inclusion, offering diverse features, and ensuring high reliability.
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PT Bank Rakyat Indonesia (BBRI) hosted the BRI Microfinance Outlook 2024, emphasizing MSMEs' role in Indonesia's economy. President Joko Widodo praised BRI's efforts in empowering MSMEs through digital banking services. BRI's initiatives, like Ultra Micro Holding and AgenBRILink, aim to provide financial inclusion for 65 million MSMEs.
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PT Bank Rakyat Indonesia (BRI) announces a dividend distribution of IDR48.10 trillion during AGMS 2024, reflecting a commitment to shareholders. The dividend includes an interim distribution of IDR12.67 trillion, marking a 10.59% increase from the previous year. BRI highlights strong capital structure, liquidity, and contribution to the Indonesian economy.
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PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) concluded 2023 with exceptional financial performance, showcasing resilience and growth despite external challenges. The company's consolidated assets rose by 5.3% to IDR 1.965T, accompanied by a remarkable 17.5% year-on-year profit increase, reaching IDR 60.4T. BRI's focus on MSMEs, effective risk management, and digital transformation contributed to its success, with Sunarso, President Director of BRI, affirming the company's ability to transform challenges into opportunities.
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Director of BRI, Sunarso, addressed critical topics at the World Economic Forum 2024, focusing on inclusive economic growth and employment opportunities. BRI's initiatives include Ultra Micro Holding, empowering women entrepreneurs, embracing digital transformation, and promoting sustainability.
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Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) has launched BRImo, an all-in-one mobile banking super app that aims to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth. In less than four years, BRImo users surged from 2.9 million to 30.4 million, and it has impressive ratings on the App Store and Google Play Store. BRImo recorded a transaction value of IDR 2,984 trillion in Q3 2023, driving BRI's business with an IDR 1.8 trillion fee-based income poised for continuous growth. The app enables digital account opening in seven minutes, financial inclusion with cardless ecosystem, a one-stop solution for all customer needs, investment options, and facilitates the opening of Foreign Currency Savings with Multi-Currency options. BRImo aims for sustainable growth through digital excellence, emphasizing innovation and personalized relationships.
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PT. Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) concluded 2023 with positive financial performance, national and international recognitions, and a steadfast role as a development agent. BRI achieved a 12.47% YoY growth in Q1 2023, recorded a profit of IDR 44.21 trillion, and distributed dividends totaling IDR 43.94 trillion. The stock peaked at an All-Time High of IDR 5,750 per-share and concluded at IDR 5,725 per-share with a market capitalization of IDR 867.68 trillion. BRI's Ultra-Micro Holding integrated 37.3 million customers, showing a 17.3% YoY growth, and facilitated IDR 614.9 trillion in credit. The bank disbursed IDR 750.9 trillion in Sustainable Business Credit, with an 11.9% YoY increase. The UMKM EXPO(RT) BRILIANPRENEUR 2023 was recognized by the President of the Republic of Indonesia, President Joko Widodo, with a record of US$81.3 million in business matching commitments.
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PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) plans to distribute interim dividends totaling IDR 12.7 trillion, equivalent to IDR 84 per share, with approximately IDR 6.8 trillion remitted to the government and around IDR 5.9 trillion distributed to the public. BRI has a strong capital base, with a Capital Adequacy Ratio (CAR) of 27.4% as of September 2023, well above the required ratio of approximately 17.5%.
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FAQ

What is the current stock price of BANK RAKYAT UNSP/ADR B (BKRKY)?

The current stock price of BANK RAKYAT UNSP/ADR B (BKRKY) is $15.56 as of October 15, 2024.

What is the market cap of BANK RAKYAT UNSP/ADR B (BKRKY)?

The market cap of BANK RAKYAT UNSP/ADR B (BKRKY) is approximately 47.0B.

What is the main focus of PT Bank Rakyat Indonesia (BRI) Persero Tbk?

BRI focuses on promoting financial literacy and inclusion through its flagship mobile banking app, BRImo.

What are some key features of BRImo?

BRImo offers multi-currency savings, international remittance, and QR code-based payments, benefiting MSMEs and retail clients.

How many users does BRImo currently have?

As of December 2023, BRImo has a user base of 31.6 million.

What is the transaction value completed by BRImo?

BRImo has completed transactions worth IDR 4.158 trillion as of December 2023.

What sets BRI apart in Indonesia's banking sector?

BRI's commitment to customer excellence, innovation, and sustainability sets it apart as a key player in Indonesia's banking sector.

BANK RAKYAT UNSP/ADR B

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46.97B
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