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Finance

PT Bank Rakyat Indonesia (Persero) Tbk

  • 4,170.00 IDR
  • -60.00
  • -1.42%
  • Indonesia
    Jun 14, 2019
  • Ticker
    JKT(BBRI)
  • Prev. close
    4,230
  • Market cap (IDR)
    521,753.00B
  • Market cap (USD)
    36,416.20M
  • Shares
    123,346M

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.

Business Summary

PT Bank Rakyat Indonesia (Persero) Tbk is a holding company, which engages in the provision of financial services. It operates through the following segments: Micro Business and Program, Retail Business, Corporate Business, International Business, Treasury and Capital Market Supporting Services and Subsidiaries. The company was founded by Aria Wiriatmaja on December 16, 1895 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue132,646.03B9,317.13M
Gross Profit----
Operating income35,523.56B2,495.19M
Income before tax41,753.69B2,932.80M
Net income32,351.13B2,272.36M
EBITDA----
Diluted EPS264.650.01
Dividends Per Share132.170.00
Total Assets1,296.89T90,187.63M
Total liabilities1,109.71T77,170.65M
Total equity182,967.54B12,723.75M
Operating cash flow36,400.63B2,556.80M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 82,320.67B 95,501.13B 109,271.84B 120,875.85B 132,646.03B
Gross Profit -- -- -- -- --
Operating income 26,257.70B 30,512.90B 34,065.13B 31,765.62B 35,523.56B
Income before tax 30,859.07B 32,494.01B 33,973.77B 37,023.23B 41,753.69B
Net income 24,241.65B 25,397.74B 26,195.77B 28,997.14B 32,351.13B
EBITDA -- -- -- -- --
Diluted EPS 196.53 206.08 214.30 237.22 264.65
Dividends Per Share 58.96 62.33 85.72 106.74 132.17
Total Assets 801,955.02B 878,426.31B 1,003.64T 1,127.44T 1,296.89T
Total liabilities 704,217.59B 765,299.13B 856,831.83B 958,148.21B 1,109.71T
Total equity 97,560.41B 112,832.86B 146,421.34B 167,191.83B 182,967.54B
Operating cash flow 30,654.54B 38,646.60B 40,542.07B 46,910.07B 36,400.63B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,938.80M 7,128.41M 8,215.67M 9,032.85M 9,317.13M
Gross Profit -- -- -- -- --
Operating income 2,213.26M 2,277.55M 2,561.20M 2,373.79M 2,495.19M
Income before tax 2,601.11M 2,425.42M 2,554.34M 2,766.68M 2,932.80M
Net income 2,043.32M 1,895.74M 1,969.54M 2,166.90M 2,272.36M
EBITDA -- -- -- -- --
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 64,752.12M 63,723.34M 74,495.78M 83,099.13M 90,187.63M
Total liabilities 56,860.52M 55,516.80M 63,598.57M 70,620.83M 77,170.65M
Total equity 7,877.30M 8,185.19M 10,868.16M 12,322.96M 12,723.75M
Operating cash flow 2,583.87M 2,884.66M 3,048.18M 3,505.51M 2,556.80M

Valuation Measures

Dec 2018
PER13.82
ROA2.66%
ROE18.47%
Operating margin26.78%
Profit margin24.38%

Key executives

  • President Director: Suprajarto
  • Director-Information Technology & Operations: Indra Utoyo
  • Director-Finance: Haru Koesmahargyo
  • Director-Compliance: Ahmad Solichin Lutfiyanto
  • Director-Risk Management: Mohammad Irfan

Shareholders

  • The Vanguard Group, Inc. (1.5%)
  • Fidelity Management & Research Co. (1.2%)
  • BlackRock Fund Advisors (0.9%)
  • PT Bank Rakyat Indonesia (Persero) Tbk (0.7%)
  • Vontobel Asset Management, Inc. (0.5%)
  • JPMorgan Asset Management (UK) Ltd. (0.5%)
  • Norges Bank Investment Management (0.4%)
  • Hermes Investment Management Ltd. (0.4%)
  • BlackRock Japan Co., Ltd. (0.4%)
  • Harding Loevner LP (0.4%)

Contact Details

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

Related Companies

  • PT Bank Rakyat Indonesia (Persero) Tbk (Singapore Branch)
  • PT Asuransi Jiwa BRINGIN JIWA SEJAHTERA
  • PT Bank BRISyariah
  • PT Bank Rakyat Indonesia Agroniaga Tbk
  • PT Bank Rakyat Indonesia Tbk (New York Branch)
  • PT Bank Jasa Arta
  • PT Bank Rakyat Indonesia (Cayman Islands Branch)
  • PT BTMU-BRI Finance

Competitors

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