BANK RAKYAT UNSP/ADR B - BKRKY STOCK NEWS

PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) celebrated its 128th anniversary with the UMKM EXPO(RT) BRILIANPRENEUR 2023, inaugurated by Indonesia's President, Joko Widodo, and marked by a speech emphasizing BRI's commitment to empowering Indonesian MSMEs. The event aims to connect MSMEs with global consumers and has seen a steady increase in business matching agreements, reaching USD 76.7 million in 2022 with a target of USD 80 million for 2023.

Bank Rakyat Indonesia (BRI) hosted the UMKM EXPO BRILIANPRENEUR 2023, graced by Indonesian President Joko Widodo, to connect 700 MSMEs with international buyers, marking the bank's 128th anniversary. Business agreements have grown from US$33.5 million in 2019 to US$76.7 million in 2022, with a target of US$80 million in 2023.

PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) has achieved impressive financial performance in 2023, with a 9.93% YoY growth in assets to IDR 1,851.97 trillion and a 12.47% YoY increase in profit to IDR 44.21 trillion. The credit distribution grew by 12.53% YoY to IDR 1,250.72 trillion, and MSME credit grew by 11.01% to IDR 1,038.90 trillion, comprising 83.06% of BRI's credit portfolio. BRI also managed credit with improved NPL from 3.09% to 3.07% and a robust 228.65% coverage. The Third-Party Collections reached IDR 1,290.29 trillion, growing by 13.21% YoY, mainly from Low-Cost Funds (63.64% or IDR 821.14 trillion). BRI's sustainable growth was supported by strong liquidity and capital, maintaining a balanced Loan-to-Deposit Ratio (87.76%) and CAR (27.48%). The company has also developed Super App BRImo, garnering 30.4 million users and an IDR 3.353 trillion transaction volume since 2019, marking a 60.83% YoY growth.

PT Bank Rakyat Indonesia (BRI) Persero Tbk. (BBRI) is organizing UMKM EXPO(RT) BRILIANPRENEUR 2023, a platform for 700 MSMEs to showcase their products globally, with 75% being new participants. The event will feature 700 selected MSMEs from 3,132 applicants, categorized into five sectors. Last year's event attracted 43 buyers from 19 countries, generating potential deals worth US$76.7 million. The event aims to promote Indonesian MSMEs globally, leveraging the quality of local products for international competitiveness.

BBRI: PT Bank Rakyat Indonesia's Q3 2023 Performance Prompts 'Buy' Recommendations from Analysts, Target Price Raised

PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) reported growth in assets, net profits, and credit disbursement in the first nine months of 2023. Assets grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion. MSME loans accounted for 83.06% of the total credit, with a growth of 11.01% to IDR 1,038.90 trillion. BRI also showed commitment to ESG principles with an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion.

PT Bank Rakyat Indonesia (BRI) Persero Tbk. reported strong financial performance in the first nine months of 2023. Assets grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion. BRI's MSME loans grew by 11.01% and now account for 83.06% of the total credit portfolio. The bank also demonstrated its commitment to ESG principles with an 11.89% growth in ESG-related loans.

PT Bank Rakyat Indonesia (BRI) issues IDR 6 trillion Green Bonds for 2023, oversubscribed 2.66 times. Funds mainly support renewable energy and sustainable projects. BRI solidifies leadership in implementing ESG principles. Bonds maintain low risk with idAAA rating.

BRI maintains strong performance with robust capital and high ROE