BANK RAKYAT UNSP/ADR B - BKRKY STOCK NEWS

PT. Bank Rakyat Indonesia (BRI) Tbk. announced a maximum IDR 8.63 trillion interim dividend, equating to IDR 57 per share, with IDR 4.59 trillion allocated to the government and IDR 4.04 trillion to public shareholders. The dividend payment timeline includes the cum date on January 9, 2023, and a payment date set for January 27, 2023. BRI reported a substantial profit of IDR 39.31 trillion in the first nine months of 2022, reflecting a year-on-year growth of 106.14%. The bank maintains a strong capital adequacy ratio of 26.14% and a loan-to-deposit ratio of 88.51%.

On December 16, 2022, PT Bank Rakyat Indonesia (BRI) launched the BRILIANPRENEUR UMKM EXPO(RT) 2022, a hybrid event showcasing 502 curated MSME products from Indonesia. The virtual exhibition is ongoing from December 1 to 31, while the offline segment runs from December 14 to 18 at Jakarta Convention Center. The expo aims to increase export contracts from $72 million to $75 million, supporting MSMEs through training and international exposure. BRI emphasizes innovation and sustainability in product selection, with a focus on digital technology and wellness categories.

PT Bank Rakyat Indonesia (BRI) is hosting the UMKM EXPO(RT) BRILIANPRENEUR 2022 from December 1-31, featuring 500 MSMEs from 22 Indonesian provinces. This virtual exhibition emphasizes sustainable practices in business, providing education to help MSMEs enter global markets. Last year's event secured 118 contracts worth US$ 72 Million. The expo includes workshops and networking sessions aimed at scaling MSME products internationally. With six categories focusing on sustainability and empowerment, the exhibition aims to foster local entrepreneurship and innovation.

On November 16, 2022, PT Bank Rakyat Indonesia (BRI) announced a net profit of IDR 39.31 trillion for Q3 2022, marking a 106.14% Year-on-Year growth. Total assets grew by 4.00% YoY to IDR 1,684.60 trillion. Loans and financing amounted to IDR 1,111.48 trillion, a 7.92% increase, with MSME loans comprising 84.20% of the total. BRI's NPL ratio stands at 3.09%, reflecting robust risk management.

PT Bank Rakyat Indonesia (Persero) Tbk received recognition from Harvard Kennedy School's Professor Jay K. Rosengard for its role in advancing financial inclusion and ESG practices in Indonesia. During the TIIWG Road to G20 conference on October 17, 2022, Rosengard praised BRI's impact on transforming Indonesia's agricultural sector, citing its significant contribution toward MSMEs growth. BRI's innovations, like AgenBRILink, have enhanced access to financial services, targeting an inclusion rate of 83-84%. In H1 2022, BRI recorded a profit of Rp24.88 trillion, maintaining its status as the largest bank in assets in Indonesia.

PT Bank Rakyat Indonesia (Persero) Tbk has initiated the BRIvolution 1.0 Transformation Program for 2018-2022, emphasizing digitalization and cultural change. This initiative aims to enhance business processes and foster new value. Minister Erick Thohir noted improvements in revenue and EBITDA margins as indicators of success. The next phase, BRIvolution 2.0, targets becoming Southeast Asia's most valuable banking group by 2025, with initiatives like establishing Ultra-Micro Holding and boosting digital services. Recent metrics include a significant rise in microcredit bookings and user growth in BRI's Super App, BRImo.

PT Bank Rakyat Indonesia (Persero) Tbk. is executing a IDR 3 trillion share buyback program, approved for an 18-month period from March 1, 2022 to August 31, 2023. According to analysts, this indicates management's belief that the shares are currently undervalued. The buyback aims to enhance employee performance through an Employee Stock Option Plan (ESOP), as the employee ownership is below 1%. BRI's management expects this initiative to improve employee engagement and align with the company's goal of becoming the Most Valuable Banking Group in Southeast Asia by 2025.

Bank Rakyat Indonesia announces an ongoing share buyback program effective from March 1, 2022, until August 31, 2023, with a total value of IDR 3 trillion. This initiative aims to enhance shareholder value alongside optimal dividend distributions. In 2022, the bank delivered an impressive dividend payout of 85% of its 2021 net profit, amounting to IDR 24.9 trillion. Year-on-year, profit growth reached 98.4% as of Q2 2022, supported by effective credit restructuring and strategic business transformations.

On September 16, 2022, PT Bank Rakyat Indonesia (BBRI), alongside Pegadaian and PNM, announced significant advancements in financial inclusion via the Ultra-Micro (UMi) Holding. Over 23.5 million customers benefit from an outstanding financing amounting to IDR 183.9 trillion. Integration efforts led to 1,003 service outlets, surpassing a target of 978. Additionally, 6.85 million new savers were added, exceeding the 3.3 million goal. The initiative aims to assist 55 million ultra-micro customers and improve the MSME landscape in Indonesia.