Welcome to our dedicated page for Bank Rakyat news (Ticker: BKRKY), a resource for investors and traders seeking the latest updates and insights on Bank Rakyat stock.
Bank Rakyat (BKRKY), a leading Indonesian financial institution specializing in MSME financing and digital banking solutions, maintains this dedicated news hub for stakeholders. Access official press releases, financial disclosures, and strategic updates from one centralized source.
This resource provides investors with timely insights into earnings reports, partnership announcements, and regulatory developments. Track the bank's progress in mobile banking innovation, rural financial inclusion initiatives, and corporate governance matters through verified primary sources.
Key content categories include quarterly financial results, technology deployment updates, leadership changes, and community empowerment programs. All materials are sourced directly from Bank Rakyat's corporate communications to ensure accuracy and completeness.
Bookmark this page for efficient monitoring of BKRKY's operational milestones and market positioning within Indonesia's evolving banking sector. Combine regular visits with Stock Titan's analysis tools for comprehensive investment research.
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.
BRI, known as PT. Bank Rakyat Indonesia (Persero) Tbk, has made significant strides by ranking first in Indonesia and 15th overall in the 2024 Fortune Southeast Asia 500 list. This list, released on June 18, evaluates the largest companies in Southeast Asia based on revenue, profit, and assets. BRI achieved this with $14.9 billion in revenue, $3.9 billion in profit, and total assets of $127.6 billion.
The Fortune Southeast Asia 500 list includes companies from seven countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia, with Indonesia leading in representation.
BRI's impressive performance is further acknowledged by Forbes, which named it the largest company in Indonesia on the Forbes Global 2000 list for 2024. This recognition underscores BRI's strategic success in navigating global economic uncertainties and high interest rates, further solidifying its leadership in the banking industry.
PT Bank Rakyat Indonesia (BRI) has been recognized as the largest company in Indonesia in the Forbes Global 2000 list for 2024, ranking at 308 globally. BRI's notable metrics include $14.95 billion in revenue, $3.6 billion in profits, $125.45 billion in assets, and $46.5 billion in market value. The company's Q1 2024 financial performance saw profit growth of IDR 15.98 trillion and a 10.89% year-over-year increase in loan disbursement to IDR 1,308.65 trillion. Additionally, third-party funds grew by 12.80% to IDR 1,416.21 trillion, and total assets increased by 9.11% to IDR 1,989 trillion. BRI's capital adequacy ratio stands at 23.97%, with an NPL coverage ratio of 214.26%.
On June 13, 2024, PT Bank Rakyat Indonesia (BBRI) disclosed that its top executives have been actively purchasing BBRI shares. Deputy CEO Catur Budi Harto, CFO Viviana, and Director of Micro Business Supari acquired a total of 723,300 shares recently, despite a 23% year-to-date stock decline.
Analysts from RHB Securities see potential for price increases, highlighting BBRI's sector-leading profit growth of 4.5% in the first four months of 2024, driven by a 12% loan growth and an effective cost of credit. They maintain a Buy rating with a target of Rp6,300, predicting a 40% rise. Bloomberg consensus also backs this with a target of Rp6,105.
Analysts from Macquarie and Ciptadana Securities have given buy recommendations with target prices of Rp6,630 and Rp7,000, respectively.
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