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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. has partnered with PT Syngenta Indonesia to enhance financial services for farmers through the CENTRIGO™ Farming Ecosystem, set to launch in October 2022. The collaboration, formalized on September 13, 2022, aims to uplift the agricultural sector in Indonesia by utilizing digital banking solutions for efficient transaction management. The partnership also includes agreements on microcredits and digital tools to support farmers, aligning with BRI's goal of financial inclusion.

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PT Bank Rakyat Indonesia (BRI) has entered a strategic partnership with PT Castrol Indonesia to enhance financial services for Castrol's distributors and outlets. A Banking Services Memorandum of Understanding was signed on September 1, 2022, in Jakarta. The collaboration focuses on Distributor Financing and Outlet Financing to streamline transactions and improve financial management for MSMEs in the lubricant sector. BRI aims to provide integrated banking solutions to help Castrol Indonesia's business ecosystem thrive, especially in the wake of pandemic-induced cash flow challenges.

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On September 7, 2022, PT Bank Rakyat Indonesia successfully supported MSMEs at the Tong Tong Fair in The Hague, Netherlands, from September 1-12. The initiative aims to boost MSME competitiveness globally through education in financial management and marketing. BRI’s MSME loan portfolio grew by 9.81% YoY, reaching IDR 920 trillion in Q2 2022, with total loans disbursed at IDR 1,104.79 trillion. The BRIlianpreneur EXPO(RT) in 2021 achieved US$72.13 million in transactions, exceeding expectations and showcasing MSME potential to international buyers.

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PT Bank Rakyat Indonesia (BBRI) has announced a share buyback plan valued up to IDR 3 trillion, effective from March 1, 2022 to August 31, 2023. This decision, approved by shareholders, aims to enhance employee motivation and improve performance. The bank's Q1 2022 net profit reached IDR 24.88 trillion (up 98.38% YoY), with total assets increasing to IDR 1,652.84 trillion. BRI's lending portfolio grew to IDR 1,104.79 trillion (up 8.75% YoY), focusing on MSME loans, which now account for 83.27% of total financing.

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Bank Rakyat Indonesia (IDX: BBRI) reported a remarkable net profit of USD 1.66 billion for the first half of 2022, nearly doubling year-on-year at 98.38% growth. Total assets increased by 6.37% to USD 110.19 billion. The bank's loan disbursement reached USD 73.65 billion, an 8.75% YoY growth, with substantial contributions from the micro segment. BRI maintained a controlled NPL ratio of 3.26% and a robust capital adequacy ratio of 25.06%. The bank has also been recognized globally, ranked as the largest public company in Indonesia by Forbes.

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PT Bank Rakyat Indonesia (Persero) Tbk. has been recognized as the largest public company in Indonesia in the 2022 Forbes Global 2000 Ranking. BRI improved its international standing, moving from 362nd to 349th globally. This marks the eighth consecutive year BRI has held the top position among Indonesian firms. The bank reported a sales volume of US$12.77 billion and profits of US$2.17 billion. BRI's asset growth was noted, reaching Rp1,650.28 trillion with a profit increase of 78.13% year-on-year in Q1 2022.

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On May 11, 2022, Bank BRI signed a Memorandum of Understanding with Coca-Cola Europacific Partners Indonesia (CCEP) to enhance distributor payment transactions via BRI's Corporate Billing Management (CBM) and Distributor Financing services. This collaboration aims to improve financial transaction management for CCEP's distributors, primarily MSMEs, ensuring timely payments and flexibility in transactions. The partnership underscores BRI's commitment to support multinational corporations and boost MSME growth in Indonesia.

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Bank BRI and PT Telkom Indonesia Tbk. have announced a collaboration to provide financial services to 5 million people in Indonesia over the next two years. This partnership aims to enhance digital technology in the financial sector by leveraging reliable telecommunications infrastructure. Currently, approximately 28 million people in Indonesia lack access to banking services. With a focus on digital transformation and financial inclusion, this initiative is expected to contribute significantly to the economy, aligning with Indonesia's goals for a stronger digital economy by 2045.

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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 $13.57 as of November 22, 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 42.0B.

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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42.04B
3.01B
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