Bank Rakyat Stock Price, News & Analysis

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.

Bank BRI reported a Q1 2022 profit of Rp. 12.22 trillion, marking a 78.13% year-on-year increase. The bank's assets rose by 8.99% year-on-year to Rp. 1,650.28 trillion. Lending to micro, small, and medium enterprises (MSMEs) grew by 7.43% to Rp. 1,075.93 trillion, outpacing national banking growth of 6.65%. The non-performing loan (NPL) ratio improved to 3.09%, down from 3.30% a year earlier. BRI's NPL coverage increased to 276.0% from 231.17%. The bank's low-cost funds rose by 15.99%, enhancing its financial stability.

On April 21, 2022, BRI celebrated Kartini Day by recognizing 7,000 female workers at the WOMAN event in Sentul, Indonesia. The event featured notable attendees including Erick Thohir and Sunarso, focusing on women empowerment as essential for financial inclusion. In 2021, women comprised 34.8% of BRI's workforce, with 23.11% in managerial roles. BRI aims to serve 5 million Ultra-Micro customers in 2022 and enhance financial access through initiatives like the Senyum service centers. The bank emphasizes cultural activation to drive effective execution of its empowerment strategies.

PT Bank Rakyat Indonesia (Persero) Tbk reports a significant contribution to financial inclusion in Indonesia through its BRILink service. The number of BRILink Agents exceeded 503,000, facilitating 929 million transactions in 2021. This initiative has generated IDR 1.35 trillion in fee-based income. Additionally, 65.5% of the bank's loan portfolio, totaling IDR 617.8 trillion, now adheres to Environment, Social, Governance (ESG) principles, demonstrating a 12.2% year-over-year increase. The program supports local economies and promotes digital banking access.

PT Bank Rakyat Indonesia (Persero) Tbk. held its Annual General Meeting of Shareholders on March 1, 2022, where it announced a dividend distribution of 85%, equating to IDR 26.40 trillion. This results in a per-share dividend of approximately IDR 174.23, a significant increase of 76.17% from 2020. The bank retains 15% of net income as retained earnings, maintaining a capital adequacy ratio of a minimum of 20%. Additionally, the bank approved a IDR 3 trillion share buyback aimed at boosting employee share ownership and enhancing company performance.

Bank BRI has reiterated its commitment to the ultra-micro sector in Indonesia during the BRI Microfinance Outlook 2022 event. With 45 million ultra-micro businesses, only 15 million currently access formal financial services. BRI aims to enhance this sector's potential, contributing significantly to the national economy. The Ultra Micro Holding, recently formed, could yield Rp95.9 trillion, strengthening BRI's liquidity. The initiative aligns with G20 2022 themes and aims to integrate data management to improve service delivery, with a target to reach 45 million ultra-micro businesses by 2024.

PT. Bank Rakyat Indonesia (Persero) Tbk reported a significant profit of Rp.32.22 trillion for Q4 2021, marking a 75.53% year-on-year growth. This success is attributed to strong credit performance, improved collection of Third Party Funds, and reduced interest costs. Lending for 2021 grew 7.16% YoY, especially in the micro segment at 12.98%. BRI maintains a low Non-Performing Loan ratio at 3.08% with robust coverage. The bank also emphasizes sustainable finance, with 65.5% of total credit directed towards sustainable activities.

Bank Rakyat Indonesia (BRI) is hosting the UMKM EXPO(RT) BRILIANPRENEUR from December 9-16, 2021, in a fully digital format. The event will showcase 500 curated MSMEs and aims for a transaction target of US$65M. BRI's initiatives include workshops and online training to support MSMEs in digital expansion. The expo features awards for businesses demonstrating potential in digital readiness, and showcases Indonesian tourism through thematic areas. Visitors can engage with experts via live-streamed talks.

PT Bank Rakyat Indonesia (BRI) hosted the UMKM EXPO(RT) BRILIANPRENEUR 2021 from December 1-16, showcasing over 500 Micro, Small, and Medium Enterprises (MSMEs) in a virtual 3D exhibition aimed at reviving Indonesia's economy post-pandemic. The event included training sessions, business matching with 105 buyers from 30 countries, and opportunities for MSMEs to enhance their global competitiveness. BRI promotes local products through discussions on global marketing and legal export issues. BRI customers can access discounts on purchases made through associated platforms until December 31, 2021.