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 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 2021	IDR	USD
Revenue	182,603.09B	12,774.02M
Gross Profit	--	--
Operating income	40,509.27B	2,833.83M
Income before tax	40,992.06B	2,867.60M
Net income	31,066.59B	2,173.26M
EBITDA	--	--
Diluted EPS	237.92	0.01
Dividends Per Share	174.25	0.01
Total Assets	1,678.09T	117,740.58M
Total liabilities	1,386.31T	97,267.91M
Total equity	288,734.98B	20,258.54M
Operating cash flow	43,301.53B	3,029.16M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	120,875.85B	132,646.03B	148,436.31B	172,475.56B	182,603.09B
Gross Profit	--	--	--	--	--
Operating income	31,765.62B	35,523.56B	36,380.06B	29,520.73B	40,509.27B
Income before tax	37,023.23B	41,753.69B	43,364.05B	29,993.40B	40,992.06B
Net income	28,997.14B	32,351.13B	34,372.60B	18,654.75B	31,066.59B
EBITDA	--	--	--	--	--
Diluted EPS	231.43	258.20	274.10	147.58	237.92
Dividends Per Share	104.14	128.94	164.09	96.49	174.25
Total Assets	1,127.44T	1,296.89T	1,416.75T	1,610.06T	1,678.09T
Total liabilities	958,148.21B	1,109.71T	1,207.97T	1,380.59T	1,386.31T
Total equity	167,191.83B	182,967.54B	206,323.43B	226,916.05B	288,734.98B
Operating cash flow	46,910.07B	36,400.63B	66,394.43B	99,201.84B	43,301.53B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	9,032.85M	9,317.13M	10,496.42M	11,860.76M	12,774.02M
Gross Profit	--	--	--	--	--
Operating income	2,373.79M	2,495.19M	2,572.55M	2,030.07M	2,833.83M
Income before tax	2,766.68M	2,932.80M	3,066.41M	2,062.57M	2,867.60M
Net income	2,166.90M	2,272.36M	2,430.60M	1,282.84M	2,173.26M
EBITDA	--	--	--	--	--
Diluted EPS	0.01	0.01	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.01	0.00	0.01
Total Assets	83,099.13M	90,187.63M	102,053.58M	114,595.39M	117,740.58M
Total liabilities	70,620.83M	77,170.65M	87,014.19M	98,263.23M	97,267.91M
Total equity	12,322.96M	12,723.75M	14,862.12M	16,150.60M	20,258.54M
Operating cash flow	3,505.51M	2,556.80M	4,694.96M	6,821.89M	3,029.16M

Valuation Measures

Dec 2021
PER	17.27
ROA	1.88%
ROE	12.04%
Operating margin	22.18%
Profit margin	17.01%

Key executives

President Director: Sunarso
Director-Finance: Viviana Dyah Ayu R.K.
Director-Digital & Information Technology: Indra Utoyo
Director-Compliance: Ahmad Solichin Lutfiyanto
Head-Internal Audit, Regional Office: Hasanuddin

Shareholders

Government of Indonesia (53.1%)
Indonesia Investment Authority (Investment Management) (3.6%)
The Vanguard Group, Inc. (1.3%)
GIC Pte Ltd. (Investment Management) (1.1%)
Baillie Gifford & Co. (1.1%)
JPMorgan Asset Management (UK) Ltd. (1.0%)
Fidelity Management & Research Co. LLC (0.9%)
BlackRock Fund Advisors (0.8%)
JPMorgan Investment Management, Inc. (0.6%)
BPJS Ketenagakerjaan (0.6%)

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

BRI Remittance Co., Ltd.
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Competitors

PT Bank Mandiri (Persero) Tbk

Last Updated on 4 Oct, 2022