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.
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.
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.
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.
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.
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.
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.
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.
FAQ
What is the current stock price of Bank Rakyat (BKRKY)?
What is the market cap of Bank Rakyat (BKRKY)?
