BRI has successfully assisted 34 million micro-businesses and achieved a profit of IDR 51.4 trillion by 2022.

Jakarta, Indonesia, February 9, 2023 /PRNewswire/ — P.T. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) Successfully closed 2022 with a net profit IDR 51.4 trillion67.15% year-on-year (YoY) growth. The bank’s total assets grew by 11.18% YOY. IDR 1,865.64 trillion.

Reforming the CASA structure was a key factor in the success of the BRI. “Operating expenses to operating income (BOPO) decreased from 78.54% to 69.10% in 2021. Cost efficiency ratio (CER) and cost to income ratio (CIR) improved from 2021 to 2022. Also, the cost decreased from 3.78% in 2021 to 2.55% in 2022,” they said. BRI President Director Sunarso explained.

BRI has arrived at fee-based income IDR 18.80 trillion In Q4 2022, 10.16% YoY growth, earnings ratio is 11.37%.

The bank also recorded growth in third party funds (DPK) with CASA as the main driver, and BRI deposits grew by 14.85% YoY. IDR 1,307.88 trillion By Q4 2022. Currently, BRI CASA’s share is 66.70%. “This has been reduced to 1.87% in 2021 from 2.05% in BRI expenditure in 2021,” Sunarso added.

BRI’s total lending and financing was recorded by IDR 1,139.08 trillion In Q4 2022, with micro loans growing at 13.9% YoY, MSME loans will make up 84.74% of total loans.

BRI paid. IDR 252.38 trillion Public commercial credit (KUR) in 2022 for 6.5 million people, according to the allocation set by the government. For 2023, BRI adopted. IDR 270 trillion Allocation of KUR from the government. “BRI is hopeful of achieving its average solvency target. IDR 1 trillion KUR per day,” said BRI Micro Business Director Supari.

The success in carrying medium duties was balanced by prudent risk management which included 305.73% of NPL coverage reserve and 87.09% of deposit loans. BRI’s ability to extend credit and financing is supported by adequate liquidity and strong capital, with a capital adequacy ratio (CAR) of 25.54%.

The story continues

“I believe BRI will continue to grow from its growth sources, with adequate capital and liquidity and good risk management,” Sunarso said.

For more information about BRI, visit www.bri.co.id.

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Source PT Bank Rakyat Indonesia TBIC (BRI)