President Prabowo Inaugurates Pegadaian Gold Bank Service, BRI Group Optimistic in Strengthening the National Economy

Rhea-AI Summary

PT Bank Rakyat Indonesia (BBRI) announced the official inauguration of the Pegadaian Gold Bank Service by Indonesian President Prabowo Subianto. The initiative, involving BRI's subsidiary Pegadaian and Bank Syariah Indonesia, aims to contribute approximately IDR 245 trillion to Indonesia's GDP and create 1.8 million new jobs.

The Gold Bank program targets to utilize 1,800 tons of publicly-owned gold, with Pegadaian currently managing 90 tons and achieving a 35% year-over-year increase in sales to 9 tons in 2024. BRI's Gold Investment feature on the BRImo app, launched in February 2024, has recorded IDR 279.8 billion in transaction volume by December.

Positive

• Expected IDR 245 trillion GDP contribution
• Creation of 1.8 million new jobs
• 35% YoY growth in gold sales to 9 tons
• IDR 279.8B transaction volume in BRImo Gold Investment
• Management of 90 tons of gold by Pegadaian

Negative

• None.

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JAKARTA, Indonesia, Feb. 27, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) – President of Indonesia, Prabowo Subianto, officially inaugurated the Pegadaian Gold Bank Service and Bank Syariah Indonesia (BSI). This inauguration marks a significant milestone for Pegadaian, a subsidiary of BRI (BRI Group) and a member of the Ultra Micro Holding alongside Permodalan Nasional Madani (PNM), with BRI as the parent company. The inauguration ceremony was symbolized by President Prabowo Subianto placing a gold bar into a treasure box.

"I, Prabowo Subianto, President of the Republic of Indonesia, hereby inaugurate the Pegadaian Gold Bank Service and Bank Syariah Indonesia," declared President Prabowo Subianto.

President Prabowo Subianto expressed hope that the establishment of the Gold Bank could contribute to Indonesia's GDP by approximately IDR 245 trillion, create 1.8 million new jobs, strengthen foreign exchange reserves, and help reduce foreign exchange outflows.

The inauguration was also attended by key government and industry leaders, including Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of State-Owned Enterprises (BUMN) Erick Thohir, Minister of Finance Sri Mulyani Indrawati, Minister of Energy and Mineral Resources Bahlil Lahadalia, Minister of Investment and Downstream Industry Rosan Perkasa Roeslani, and Governor of Bank Indonesia Perry Warjiyo.

In his report, Minister of State-Owned Enterprises (BUMN) Erick Thohir highlighted that the Bullion Bank initiative aims to tap into 1,800 tons of gold owned by the public.

BRI President Director Sunarso emphasized BRI's confidence in the Gold Bank initiative, "As the parent of the Ultra Micro Holding, which includes Pegadaian and PNM, BRI is fully committed to supporting the success of this Gold Bank program."

Pegadaian President Director Damar Latri Setiawan also expressed optimism that the Gold Bank will accelerate economic growth. "Beyond pioneering the Gold Bank, this marks a new milestone where Pegadaian plays a key role in supporting the Asta Cita vision," Damar said.

As of 2024, Pegadaian managed 90 tons of gold, with sales reaching 9 tons, a 35% increase from the previous year. Meanwhile, BRI's Gold Investment feature on the BRImo app, launched in February 2024, recorded a transaction volume of IDR 279.8 billion by December.

"Through the Gold Bank, BRI Group is optimistic about contributing to Indonesia's economic acceleration by providing broader access to gold investments," concluded Sunarso.

For more information about BANK BRI, visit www.bri.co.id.

FAQ

What is the expected GDP contribution of BBRI's Pegadaian Gold Bank Service?

The Gold Bank Service is expected to contribute IDR 245 trillion to Indonesia's GDP and create 1.8 million new jobs.

How much gold does Pegadaian currently manage under BBRI?

As of 2024, Pegadaian manages 90 tons of gold, with sales reaching 9 tons, representing a 35% increase from the previous year.

What is the transaction volume of BBRI's Gold Investment feature on BRImo app?

The BRImo app's Gold Investment feature recorded IDR 279.8 billion in transaction volume by December 2024.

How much public gold is the BBRI Gold Bank initiative targeting?

The Gold Bank initiative aims to tap into 1,800 tons of gold owned by the public.