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PT Bank Rakyat Indonesia (Persero) Tbk reports developments in Indonesian banking operations, MSME and microfinance credit, retail funding, remittances, and international banking activity tied to its BRI brand and ADR-traded security. Company announcements include branch expansion such as the Taipei branch, sustainable and social bond funding, dividend and share-buyback actions approved at shareholder meetings, and governance changes.
BRI Group updates also cover subsidiaries and ultra-micro finance platforms, including Pegadaian's gold-bank service, alongside consolidated performance, credit quality, risk management, and recognition in regional and global company rankings.
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On April 12, 2023, PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) announced the distribution of cash dividends totaling IDR 34.89 trillion, following the 2023 Annual General Meeting of Shareholders. This payout, representing an 85% dividend payout ratio from a consolidated net profit of IDR 51.4 trillion, reflects a significant 67.15% YoY growth. The dividend includes IDR 8.60 trillion paid as interim dividends on January 27, 2023. Furthermore, IDR 7.67 trillion will be retained for future growth, ensuring the Capital Adequacy Ratio (CAR) remains at about 20%. BRI's management emphasizes this distribution as a commitment to economic and social value for stakeholders.
On April 7, 2023, PT Bank Rakyat Indonesia (Persero) Tbk. announced a partnership with MIND ID, a State-Owned Enterprise in Indonesia, to enhance liquidity management through Notional Pooling and Short-Term Working Capital Loan Facilities. The agreement, signed on March 16, 2023, aims to provide efficient cash management for MIND ID Group companies via BRI's cash management platform. This service enables daily monitoring of consolidated balances in Rupiah and foreign currencies, facilitating easy fund transfers among subsidiaries. The Notional Pooling feature allows companies to manage corporate liquidity effectively by tapping into excess liquidity from their consolidated balance. Additionally, BRI offers integrated transaction solutions through the Qlola platform, promoting financial inclusion in Indonesia.
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