PT Bank Rakyat Indonesia (Persero) Tbk

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See more articles on PT Bank Rakyat Indonesia (Persero) Tbk

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, Retail Business, Corporate Business, and Subsidiary Business. The Micro Business segment offers banking products and services to individual and micro entrepreneurs. The Retail Business segment provides consumer and commercial banking products and services to small and medium-sized enterprises. The Corporate Business segment caters large corporations and institutions with international banking services, treasury services, and capital market support services. The Subsidiary Business segment includes conventional and sharia banking, financing services, remittance services, life insurance, general insurance, venture capital, and securities. The company was founded by Aria Wiriatmaja on December 16, 1895 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019	IDR	USD
Revenue	148,436.31B	10,496.42M
Gross Profit	--	--
Operating income	36,380.06B	2,572.55M
Income before tax	43,364.05B	3,066.41M
Net income	34,372.60B	2,430.60M
EBITDA	--	--
Diluted EPS	280.95	0.01
Dividends Per Share	168.20	0.01
Total Assets	1,416.75T	102,053.58M
Total liabilities	1,207.97T	87,014.19M
Total equity	206,323.43B	14,862.12M
Operating cash flow	66,394.43B	4,694.96M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	95,501.13B	109,271.84B	120,875.85B	132,646.03B	148,436.31B
Gross Profit	--	--	--	--	--
Operating income	30,512.90B	34,065.13B	31,765.62B	35,523.56B	36,380.06B
Income before tax	32,494.01B	33,973.77B	37,023.23B	41,753.69B	43,364.05B
Net income	25,397.74B	26,195.77B	28,997.14B	32,351.13B	34,372.60B
EBITDA	--	--	--	--	--
Diluted EPS	206.08	42.86	237.22	264.65	280.95
Dividends Per Share	62.33	85.72	106.74	132.17	168.20
Total Assets	878,426.31B	1,003.64T	1,127.44T	1,296.89T	1,416.75T
Total liabilities	765,299.13B	856,831.83B	958,148.21B	1,109.71T	1,207.97T
Total equity	112,832.86B	146,421.34B	167,191.83B	182,967.54B	206,323.43B
Operating cash flow	38,646.60B	40,542.07B	46,910.07B	36,400.63B	66,394.43B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	7,128.41M	8,215.67M	9,032.85M	9,317.13M	10,496.42M
Gross Profit	--	--	--	--	--
Operating income	2,277.55M	2,561.20M	2,373.79M	2,495.19M	2,572.55M
Income before tax	2,425.42M	2,554.34M	2,766.68M	2,932.80M	3,066.41M
Net income	1,895.74M	1,969.54M	2,166.90M	2,272.36M	2,430.60M
EBITDA	--	--	--	--	--
Diluted EPS	0.01	0.00	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.01
Total Assets	63,723.34M	74,495.78M	83,099.13M	90,187.63M	102,053.58M
Total liabilities	55,516.80M	63,598.57M	70,620.83M	77,170.65M	87,014.19M
Total equity	8,185.19M	10,868.16M	12,322.96M	12,723.75M	14,862.12M
Operating cash flow	2,884.66M	3,048.18M	3,505.51M	2,556.80M	4,694.96M

Valuation Measures

Dec 2019
PER	15.65
ROA	2.53%
ROE	17.65%
Operating margin	24.50%
Profit margin	23.15%

Key executives

President Director: Sunarso
Director-Information Technology & Operations: Indra Utoyo
Finance Director: Haru Koesmahargyo
Compliance Director: Azizatun Azhimah
Director-Network & Services: Ahmad Solichin Lutfiyanto

Shareholders

Government of Indonesia (56.7%)
The Vanguard Group, Inc. (1.5%)
Fidelity Management & Research Co. LLC (1.1%)
JPMorgan Asset Management (UK) Ltd. (0.9%)
Capital Research & Management Co. (Global Investors) (0.8%)
BlackRock Fund Advisors (0.7%)
Capital Research & Management Co. (World Investors) (0.7%)
APG Asset Management NV (0.6%)
PT Bank Rakyat Indonesia (Persero) Tbk (0.6%)
Norges Bank Investment Management (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

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Competitors

Last Updated on 18 Sep, 2020