Asia300

PT Bank Rakyat Indonesia (Persero) Tbk

Indonesia

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May 26, 2017
Prev close: 14,225
May 26, 2017
Market cap:
Market cap(USD):
350,919B
26,394.8M
Shares: 24,669.2M

Currency in IDR

Company profile

Market(Ticker): JKT(BBRI)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 58,885

Business summary

PT Bank Rakyat Indonesia (Persero) Tbk engages in the provision of general banking services. The firm operates through the following segments: Micro, Retail, Corporate, Others, and Subsidiaries. The Micro segment offers banking services to individual customers and micro-entrepreneurs. The Retail segment serves individual customers and small and medium entrepreneurs by providing banking services, deposit products, and commercial or consumer loans. The Corporate segment provides special loans, cash management, and other loan facilities to state owned enterprises and non-state owned enterprises companies. The Subsidiaries segment focuses on shariah banking services, agribusiness, and remittances provided by the company subsidiaries. The company was founded by Aria Wiriatmaja on December 16, 1895 and is headquartered in Jakarta, Indonesia.

Company background

Bank Rakyat Indonesia is one of the most profitable banks in the world. Its return on equity, a key measure of profitability, stood at 34% in 2013. ROE at most banks in developed countries is in the single digits. BRI's focus on micro loans helps the lender maintain a high interest margin. The bank claims to have a nearly 50% market share in the micro loans segment.

In a bid to expand its telecommunications network across the archipelago, BRI plans to launch its own $250 million satellite. The bank believes this move is the first of its kind.

Sofyan Bashir, who was appointed BRI's president in 2005, will step down next year after his second five-year term. He is rumored to be one of the leading candidates to take over a top post at another state-owned company, such as the national flag carrier, Garuda Indonesia. He previously served as president of Bank Bukopin, a local private lender.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 109,683.83B
Gross profit --
Operating income 34,065.13B
Income before tax 33,973.77B
Net income 26,195.77B
EBITDA --
Diluted EPS 1,071.51
Dividends per share 428.60
Total assets 1,003.64T
Total liabilities 856,831.83B
Total equity 146,421.34B
Operating cash flow 40,542.07B

Currency in IDR

Revenue 8,246.65M
Gross profit --
Operating income 2,561.20M
Income before tax 2,554.34M
Net income 1,969.54M
EBITDA --
Diluted EPS 0.08
Dividends per share 0.03
Total assets 74,495.78M
Total liabilities 63,598.57M
Total equity 10,868.16M
Operating cash flow 3,048.18M

Currency in USD

Valuation measures

Dec 2016

PER 10.89
ROA 2.78%
ROE 20.20%
Operating margin 31.05%
Profit margin 23.88%

Key executive

  • Chief Executive Officer: Suprajarto
  • Operations Director: Indra Utoyo
  • President Director: Asmawi Syam
  • Director: Randi Anto
  • Director: Mohammad Irfan

Share holders

  • Government of Indonesia(56.7%)
  • Fidelity Management & Research Co.(1.5%)
  • The Vanguard Group, Inc.(1.4%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.9%)
  • PT Bank Rakyat Indonesia (Persero) Tbk(0.8%)
  • BlackRock Fund Advisors(0.8%)
  • APG Asset Management NV(0.5%)
  • PT Schroder Investment Management Indonesia(0.5%)
  • Harding Loevner LP(0.5%)
  • JPMorgan Asset Management (UK) Ltd.(0.4%)

Address

  • Website: http://www.bri.co.id
  • Address: BRI I Building, Jalan Jenderal Sudirman No. 44-46, Jakarta, 10210, Indonesia
  • Phone: +62.21.251.0244

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