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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 IDRUSD
Gross Profit----
Operating income40,509.27B2,833.83M
Income before tax40,992.06B2,867.60M
Net income31,066.59B2,173.26M
Diluted EPS237.920.01
Dividends Per Share174.250.01
Total Assets1,678.09T117,740.58M
Total liabilities1,386.31T97,267.91M
Total equity288,734.98B20,258.54M
Operating cash flow43,301.53B3,029.16M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 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 2017Dec 2018Dec 2019Dec 2020Dec 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
Operating margin22.18%
Profit margin17.01%

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


  • 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:
  • Address: BRI I Building, Jalan Jenderal Sudirman No. 44-46, Jakarta, 10210, Indonesia
  • Phone: +

Related Companies

  • BRI Remittance Co., Ltd.
  • PT BRI Ventura Investama
  • BRI Ventures
  • PT BRI Multifinance Indonesia
  • PT Bank Rakyat Indonesia (Persero) Tbk (Singapore Branch)
  • PT BRI Asuransi Indonesia
  • PT Bank Raya Indonesia Tbk
  • PT Bank Rakyat Indonesia Tbk (New York Branch)
  • PT Bank Jasa Arta
  • PT Bank Rakyat Indonesia (Cayman Islands Branch)
  • PT BTMU-BRI Finance
  • PT BRI Danareksa Sekuritas


  • PT Bank Mandiri (Persero) Tbk
Last Updated on 4 Oct, 2022

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