ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Finance

PT Bank Rakyat Indonesia (Persero) Tbk

  • 3,350.00 IDR
  • 0.00
  • 0.00%
  • Indonesia
    Nov 14, 2018
  • Ticker
    JKT(BBRI)
  • Prev. close
    3,350
  • Market cap (IDR)
    413,208.44B
  • Market cap (USD)
    27,944.03M
  • Shares
    123,345.80M

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, Retail, Corporate, Others, and Subsidiaries. The Micro segment offers banking services to individual customers and micro-entrepreneurs. The Retail segment serves small and medium entrepreneurs as well as consumer financing services. The Corporate segment includes state-owned enterprises, and private corporations that provides trickle-down business. The Subsidiaries segment covers conventional and sharia banking services, remittance services, life insurance, and multifinance. The company was founded by Aria Wiriatmaja on December 16, 1895 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue120,738.11B9,022.56M
Gross Profit----
Operating income37,054.46B2,769.02M
Income before tax37,022.15B2,766.60M
Net income28,996.53B2,166.86M
EBITDA----
Diluted EPS237.220.01
Dividends Per Share106.740.00
Total Assets1,126.24T83,010.75M
Total liabilities958,900.94B70,676.31M
Total equity166,748.81B12,290.31M
Operating cash flow47,090.27B3,518.98M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 65,861.38B 82,320.67B 95,501.13B 109,271.84B 120,738.11B
Gross Profit -- -- -- -- --
Operating income 24,177.58B 26,257.70B 30,512.90B 34,065.13B 37,054.46B
Income before tax 27,910.06B 30,859.07B 32,494.01B 33,973.77B 37,022.15B
Net income 21,344.13B 24,241.65B 25,397.74B 26,195.77B 28,996.53B
EBITDA -- -- -- -- --
Diluted EPS 173.04 196.53 206.08 214.30 237.22
Dividends Per Share 51.46 58.96 62.33 85.72 106.74
Total Assets 626,182.92B 801,955.02B 878,426.31B 1,003.64T 1,126.24T
Total liabilities 546,855.50B 704,217.59B 765,299.13B 856,831.83B 958,900.94B
Total equity 79,163.67B 97,560.41B 112,832.86B 146,421.34B 166,748.81B
Operating cash flow 29,233.50B 30,654.54B 38,646.60B 40,542.07B 47,090.27B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,303.73M 6,938.80M 7,128.41M 8,215.67M 9,022.56M
Gross Profit -- -- -- -- --
Operating income 2,314.08M 2,213.26M 2,277.55M 2,561.20M 2,769.02M
Income before tax 2,671.33M 2,601.11M 2,425.42M 2,554.34M 2,766.60M
Net income 2,042.89M 2,043.32M 1,895.74M 1,969.54M 2,166.86M
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 51,452.99M 64,752.12M 63,723.34M 74,495.78M 83,010.75M
Total liabilities 44,934.71M 56,860.52M 55,516.80M 63,598.57M 70,676.31M
Total equity 6,504.82M 7,877.30M 8,185.19M 10,868.16M 12,290.31M
Operating cash flow 2,798.00M 2,583.87M 2,884.66M 3,048.18M 3,518.98M

Valuation Measures

Dec 2017
PER15.34
ROA2.72%
ROE18.51%
Operating margin30.68%
Profit margin24.01%

Key executives

  • President Director: Suprajarto
  • Senior Executive Vice President-Operations: Agus Noorsanto
  • Director-Business & Finance Strategy: Haru Koesmahargyo
  • Director-Digital Banking & Information Technology: Indra Utoyo
  • Director-Compliance: Susy Liestiowaty

Shareholders

  • Government of Indonesia (56.7%)
  • The Vanguard Group, Inc. (1.4%)
  • Fidelity Management & Research Co. (1.1%)
  • BlackRock Fund Advisors (0.9%)
  • PT Bank Rakyat Indonesia (Persero) Tbk (0.8%)
  • APG Asset Management NV (0.5%)
  • Vontobel Asset Management, Inc. (0.5%)
  • Harding Loevner LP (0.4%)
  • PT Schroder Investment Management Indonesia (0.4%)
  • FIL Investment Management (Singapore) Ltd. (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

    Last Updated on 14 Nov, 2018

    You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

    Subscribe to get unlimited access to all articles.

    Get unlimited access
    NAR site on phone, device, tablet

    {{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

    Stay ahead with our exclusives on Asia; the most dynamic market in the world.

    Benefit from in-depth journalism from trusted experts within Asia itself.

    Try 3 months for $9

    Offer ends September 30th

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to the Nikkei Asian Review has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media