Associated tags: BBRI, IDX, BRI, IDR, Yoy, ESG, Bank, MSME, Edhi Sunarso
Locations: ARGENTINA, CHINA, UNITED STATES, MICRO, INDONESIA, CAR
TBK,
Capital adequacy ratio,
IDR,
SME,
LDR,
FBI,
TPF,
Brimo,
NPL,
Indonesian rupiah,
Optimism,
IDX,
Multimedia,
CIR,
Government,
Growth,
BBRI,
CASA,
Bank Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announced a robust profit of IDR 15.98 trillion for the first quarter of 2024, despite challenging global economic and geopolitical conditions.
Key Points:
- Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announced a robust profit of IDR 15.98 trillion for the first quarter of 2024, despite challenging global economic and geopolitical conditions.
- Sunarso emphasized, "BRI recognizes Indonesia's current economic resilience amidst global instability and remains dedicated to supporting government initiatives for domestic economic growth."
- On the liabilities side, BRI accumulated Third-Party Funds (TPF) totaling IDR 1,416.21 trillion, marking a 12.80% increase year-on-year as of March 2024.
- Sunarso noted, "BRImo processed 969 million financial transactions totaling IDR 1.251 trillion in three months, a 41.8% year-over-year increase."
Cooperative,
ATM,
PNM,
Policy,
State ownership,
IDX,
Edhi Sunarso,
MSME,
GDP,
BRI,
Ecosystem,
Workforce,
BBRI,
Multimedia,
TBK Sunarso added, "Thanks to President Jokowi's support, the initiative has reached 44 million MSME credit customers and 173 million depositors."
Key Points:
- Sunarso added, "Thanks to President Jokowi's support, the initiative has reached 44 million MSME credit customers and 173 million depositors."
- Additionally, BRI demonstrates its commitment to financial inclusion through AgenBRILink, facilitating transactions outside traditional branch offices or ATMs, generating economic and social value.
- She added, "With synergy, we can maintain Indonesia's economic growth at a high but inclusive level, benefiting MSMEs."
- The annual BRI Microfinance Outlook 2024 aims to discuss MSMEs' vital role in economic growth.
JAKARTA, Indonesia, March 5, 2024 /PRNewswire/ -- PT.Bank Rakyat Indonesia (Persero) Tbk.
Key Points:
- JAKARTA, Indonesia, March 5, 2024 /PRNewswire/ -- PT.Bank Rakyat Indonesia (Persero) Tbk.
- (IDX: BBRI) announced the dividend distribution of IDR48,10 trillion or IDR319 per share, (~80.04% of the attributed profit) during its Annual General Meeting of Shareholders (AGMS) 2024 in Jakarta, March 1st, reflecting the company's commitment to returning value to its shareholders.
- This dividend, which includes an interim distribution of IDR12.67 trillion or IDR84 per share, marks a 10.59% increase from the previous year's payout.
- The dividend payment also underscores BRI's contribution to the Indonesian economy, whose share of ownership accounts for 53.19%, with IDR25.71 trillion deposited into the State General Treasury Account.
Retrieved on:
Thursday, February 1, 2024
Multimedia,
Growth,
IDX,
Risk management,
IDR,
NPL,
Digital,
Tax,
MSME,
BRI,
CASA,
Development,
Edhi Sunarso,
PNM,
CIR,
Brimo,
Yoy,
Empowerment,
LDR,
TBK,
BBRI,
Woman JAKARTA, Indonesia, Jan. 31, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) concluded 2023 with an exceptional financial performance, showcasing resilience and growth despite external challenges. The company's consolidated assets rose by 5.3% to IDR 1.965T, accompanied by a remarkable 17.5% year-on-year profit increase, reaching IDR 60.4T.
Key Points:
- The company's consolidated assets rose by 5.3% to IDR 1.965T, accompanied by a remarkable 17.5% year-on-year profit increase, reaching IDR 60.4T.
- Effective risk management was another cornerstone of BRI's success, with Non-Performing Loans (NPL) controlled at 2.95% and NPL Coverage of 229.09%.
- Despite high-interest rates, BRI achieved a 3.9% YoY deposit growth to IDR 1,358.3T by December 2023.
- With over 740,000 agents, transactions reached IDR 1,427T in 2023, generating fee-based income of IDR 1.5T.
Woman,
Sustainable business,
Brimo,
Bank Rakyat,
Artificial intelligence,
Multimedia,
Sustainable Development Goals,
WEF,
IDX,
PNM,
AI,
BBRI,
IDR,
Poverty,
Growth,
Renewable energy During this event, Sunarso addressed critical topics pertinent to BRI, focusing on fostering inclusive economic growth and employment opportunities.
Key Points:
- During this event, Sunarso addressed critical topics pertinent to BRI, focusing on fostering inclusive economic growth and employment opportunities.
- To tackle these challenges, Sunarso emphasized the need to establish an inclusive economic growth engine.
- BRI, a state-owned enterprise, recognizes the value of profitability, which can be reinvested to drive social impact and stimulate economic growth.
- BRI's commitment to inclusive growth is evident through the Ultra Micro Holding initiative, which includes BRI, Pengadaian, and PNM.
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Thursday, January 4, 2024
BRI,
Multimedia,
Government,
Republic,
Ultra,
IDX,
Yoy,
Brimo,
BBRI,
IDR,
307th,
Financial services (IDX: BBRI) concluded 2023 with positive financial performance, national and international recognitions, and a steadfast role as a development agent.
Key Points:
- (IDX: BBRI) concluded 2023 with positive financial performance, national and international recognitions, and a steadfast role as a development agent.
- "Our success not only reflects our resilience in responding to various challenges, but also our commitment to continuous growth for Indonesia," emphasized Sunarso, President Director of BRI.
- BRI claimed the top spot in Indonesia and ranked 307th globally in Forbes International's 2023 Global 2000 list.
- In Q1 2023, BRI achieved a robust 12.47% YoY growth, recording a profit of IDR 44.21 trillion.
Ministry,
128th,
Edhi Sunarso,
Jakarta Convention Center,
Food,
GDP,
BBRI,
Multimedia,
Coffee,
Ecosystem,
SME,
USD,
MSME,
IDX,
Fashion,
Speech,
BRI,
Cooperative,
Economic development,
Drug,
Video game,
PNM (IDX: BBRI) marked its 128th anniversary with the UMKM EXPO(RT) BRILIANPRENEUR 2023, inaugurated by Indonesia's President, Joko Widodo (Jokowi), at the Jakarta Convention Center from December 7 to 10.
Key Points:
- (IDX: BBRI) marked its 128th anniversary with the UMKM EXPO(RT) BRILIANPRENEUR 2023, inaugurated by Indonesia's President, Joko Widodo (Jokowi), at the Jakarta Convention Center from December 7 to 10.
- In his speech, President Jokowi applauded BRI's commitment to empowering Indonesian MSMEs.
- I applaud this event for showcasing high-quality products and recognize BRI's pivotal role in connecting MSMEs with buyers," stated President Jokowi.
- "Through UMKM EXPO(RT) BRILIANPRENEUR 2023, we aspire to provide a positive and extensive impact on the progress and development of the capacity and quality of Indonesian MSMEs."
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Thursday, November 9, 2023
ROA,
Yoy,
CAR,
MSME,
US,
Government,
Santana's El Nino,
Pressure,
IDX,
Projection,
Multimedia,
ROI,
Growth,
BBRI,
GGM,
CGS,
Price,
BRI,
DuPont,
IDR,
Chartered Financial Analyst,
Security (finance),
Bank (IDX: BBRI)'s financial performance in Q3 2023 has ignited recommendations among analysts, who now advise 'buy' or 'hold' due to promising performance in the microsegment sector.
Key Points:
- (IDX: BBRI)'s financial performance in Q3 2023 has ignited recommendations among analysts, who now advise 'buy' or 'hold' due to promising performance in the microsegment sector.
- PT UBS Sekuritas Indonesia's report raises BRI's target price to IDR 6,925, a 2-3% increase from their previous projection of IDR 6,700.
- Furthermore, BNI Sekuritas targets BRI's price at IDR 6,000, in line with its current 1-year Price-to-Book Value of 2.3x, matching its 5-year average.
- Despite asset quality challenges in Q3-2023 for mass-market-focused financial institutions, Q4 improvements propelled by election-related funding are expected.
Retrieved on:
Wednesday, November 1, 2023
Foreign exchange market,
Yoy,
MSME,
ESG,
Edhi Sunarso,
IDX,
SME,
Capital adequacy ratio,
Multimedia,
Growth,
Risk management,
BBRI,
Loan,
BRI,
Supply chain management,
MSME-Champions,
Ultra,
IDR,
Bank,
Financial services,
Online shopping (IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
Key Points:
- (IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
- BRI's entire credit portfolio grew, with MSME loans up by 11.01% from IDR 935.86 trillion in Q3 2022 to IDR 1,038.90 trillion in Q3 2023, now accounting for 83.06% of the total credit.
- Furthermore, the bank's commitment to ESG principles is shown by an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion, making up 66.1% of the credit portfolio.
- Maintaining credit quality lowered Credit Cost to 2.44% in Q3 2023, with Non-Performing Loan Coverage at 228.65%.
Retrieved on:
Wednesday, October 4, 2023
IDR,
Note,
BRI,
Financial services,
BBRI,
Green bond,
SME,
IDX,
Ahmad,
Environmental resource management,
Subordinated debt,
Multimedia,
Green economy,
Indonesia Stock Exchange,
State Street Bank and Trust Company,
Government,
Sustainability Bonds,
G20,
Financial inclusion,
ESG,
Transport,
Conference,
Cryptocurrency,
Security (finance),
Renewable energy The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.
Key Points:
- The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.
- Proceeds from the Green Bonds issuance will mainly support renewable energy, energy efficiency, pollution control, eco-friendly transportation, and sustainable land use projects.
- This highlights BRI's commitment to a Green Economy and Sustainable Principles, with previous issuances including Sustainable Bonds, Sustainable-Linked Loans, Medium-Term Notes, and Subordinated Debt.
- "The Green Bonds issuance also saw demand from retail investors, showcasing BRI's commitment to the government's financial inclusion strategy.
