Bank Rakyat Stock Price, News & Analysis

PT Bank Rakyat Indonesia (BBRI) announced the 6th edition of BRI UMKM EXPO(RT) 2025, scheduled for January 30 to February 2, 2025, at ICE BSD City Nusantara. The event, themed 'Broadening MSME's Global Outreach', aims to enhance Indonesian MSMEs' competitiveness in global markets.

The expo attracted 3,006 MSME applicants, with 1,000 selected across five categories: Home Décor & Craft, Food & Beverage, Accessories & Beauty, Fashion & Wastra, and Healthcare & Wellness. The event will feature various activities including MSME Expos, Partner Gatherings, Talk Shows, and Workshops.

Additionally, BRI will host the BRI Microfinance Outlook 2025, an international seminar featuring prominent speakers including Finance Minister Sri Mulyani, Nobel laureate Paul Romer, and ADB Chief Economist Albert Francis Park, focusing on empowering the people's economy for inclusive and sustainable growth.

Bank Rakyat Indonesia (BBRI) has announced the distribution of interim dividends totaling Rp20.33 trillion, equivalent to Rp135 per share, scheduled for January 15, 2025. Under the company's ownership structure, the Indonesian government, holding 53.19% (80.61 billion shares), will receive Rp10.88 trillion, while public shareholders owning 46.81% (70.95 billion shares) will receive Rp9.45 trillion.

With 653,251 shareholders as of December 2024, BBRI maintains the highest shareholder count among stocks traded on the Indonesia Stock Exchange. The dividend distribution demonstrates BRI's commitment to creating sustainable value for shareholders while supporting national economic development through its business transformation initiatives.

BRI (IDX: BBRI) has announced significant growth in its mobile banking app BRImo, reaching 38.1 million users as of November 2024, marking a 22.9% year-on-year increase. The super-app recorded a transaction value of IDR 5,057 trillion and generated IDR 2.64 trillion in fee-based income.

BRImo has achieved a 4.7 rating on app stores and became Indonesia's most-downloaded mobile banking app in 2024. The app now offers enhanced cross-border capabilities, including account opening for Indonesian citizens abroad using local phone numbers across 11 specified countries and regions, plus money transfers to over 160 countries.

The platform introduces BritAma Valas for foreign currency management, enabling users to save, convert, and top up foreign currency balances with real-time exchange rates. Users can also manage a BRI Multicurrency Debit Card supporting transactions in 12 different currencies.

Bank Rakyat Indonesia (BRI) announces a significant interim dividend distribution of Rp20.46 trillion (Rp135 per share) as part of its 129th Anniversary celebration. Of this amount, Rp10.88 trillion will go to the Indonesian Government and Rp9.58 trillion to public shareholders, with payment scheduled for January 15, 2025.

The bank's strong financial performance is reflected in its Q3 2024 results, showing a consolidated net profit of Rp45.36 trillion. BRI's loan disbursement reached Rp1,353.36 trillion, growing 8.21% YoY, with 81.70% directed to the MSME segment. The bank's assets grew 5.94% YoY to Rp1,961.92 trillion, while maintaining improved asset quality with an NPL ratio of 2.90% and LAR ratio of 11.66%.

Bank Rakyat Indonesia (BRI) reported strong Q3 2024 performance with a net profit of IDR 45.36 trillion. The bank's loan disbursement reached IDR 1,353.36 trillion, growing 8.21% year-on-year, with 81.70% allocated to MSMEs. Assets increased 5.94% to IDR 1,961.92 trillion. BRI improved asset quality with NPL decreasing to 2.90% and maintaining strong reserves with an NPL coverage ratio of 215.44%. Third-party funds grew 5.59% to IDR 1,362.42 trillion, with CASA ratio improving to 64.17%. The bank's digital platform BRImo reached 37.14 million users, processing IDR 4,034 trillion in transactions.

Bank Rakyat Indonesia (BRI) celebrates the third anniversary of its Ultra Micro Holding (UMi), a significant milestone in promoting financial inclusion in Indonesia. Established in 2021, UMi comprises BRI, Pegadaian, and Permodalan Nasional Madani (PNM), serving over 176 million depositors and 36.1 million borrowers with financing exceeding IDR 622.3 trillion. Key achievements include:

• Expanded access to financing for MSMEs
• Enhanced financial inclusion through diverse services
• Synergy through 1,025 Senyum Co-Locations
• Community empowerment programs offering financial literacy and entrepreneurship training

The initiative aligns with Indonesia's focus on strengthening MSME competitiveness, which contributes 61% to GDP and 97% to employment.

Bank Rakyat Indonesia (BRI) reported a profit of IDR 29.90 trillion in Q2 2024, driven by double-digit growth in credit distribution and Third-Party Funds (DPK). BRI's credit distribution reached IDR 1,336.78 trillion, an 11.20% year-on-year (yoy) growth, with the MSME segment accounting for 81.96% of total credit. Assets grew by 9.54% yoy to IDR 1,977.37 trillion, while DPK increased by 11.61% yoy to IDR 1,389.66 trillion.

BRI's hybrid banking strategy, AgenBRILink, saw transaction volume reach IDR 767 trillion, a 13.6% yoy growth. The BRImo super app recorded 2.01 billion transactions with a volume of IDR 2,574 trillion, up 35.81% yoy. Fee-based income grew by 10.15% yoy to IDR 11.26 trillion. BRI maintains strong liquidity with an LDR of 86.59% and a CAR of 25.13%.

Bank Rakyat Indonesia (BRI) has been recognized as the leading bank in Indonesia and ranked 110th globally by The Banker in their Top 1000 Banks 2024 list. This achievement is part of a series of recent accolades for BRI, including being named the largest company in Indonesia by Forbes International and ranking as the top bank in Indonesia by Fortune's Southeast Asia 500 list.

BRI also received 11 awards from Finance Asia, including Best CEO (Gold) for Sunarso and Best Managed Company (Gold). The bank's success is attributed to its commitment to empowering micro, small, and medium enterprises (MSMEs) and its effective strategic responses to global economic challenges.

These recognitions highlight BRI's growing influence in the regional and global financial industry, as well as its positive performance amid economic uncertainty and high interest rates.

PT. Bank Rakyat Indonesia (BRI) excelled at the FinanceAsia Awards 2024, securing 11 awards, including seven in the Asia's Best Companies category and four in the FinanceAsia Awards category. Key honors included Best CEO for Sunarso, Best Managed Company, and Best Investor Relations. These accolades highlight BRI's commitment to economic and social progress, particularly supporting MSMEs. Sunarso dedicated the awards to BRI's 110,000 employees and Indonesian MSMEs.

In June 2024, BRI also received recognition from Forbes and Fortune. Forbes ranked BRI as Indonesia's largest company, placing it 308th globally, with revenues of $14.95 billion, profits of $3.6 billion, and total assets of $125.45 billion. Fortune placed BRI first in Indonesia's financial sector and 15th among Southeast Asian companies, emphasizing its robust financial position. These achievements underscore BRI's leadership in the banking industry.