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Finance

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 2020 IDRUSD
Revenue145,022.82B9,972.89M
Gross Profit----
Operating income19,534.26B1,343.32M
Income before tax26,724.84B1,837.80M
Net income18,654.75B1,282.84M
EBITDA----
Diluted EPS147.580.01
Dividends Per Share96.490.00
Total Assets1,511.80T107,601.75M
Total liabilities1,311.89T93,373.18M
Total equity197,377.56B14,048.22M
Operating cash flow56,557.00B3,889.29M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 109,271.84B 120,875.85B 132,646.03B 148,436.31B 145,022.82B
Gross Profit -- -- -- -- --
Operating income 34,065.13B 31,765.62B 35,523.56B 36,380.06B 19,534.26B
Income before tax 33,973.77B 37,023.23B 41,753.69B 43,364.05B 26,724.84B
Net income 26,195.77B 28,997.14B 32,351.13B 34,372.60B 18,654.75B
EBITDA -- -- -- -- --
Diluted EPS 41.81 231.43 258.20 274.10 147.58
Dividends Per Share 83.62 104.14 128.94 164.09 96.49
Total Assets 1,003.64T 1,127.44T 1,296.89T 1,416.75T 1,511.80T
Total liabilities 856,831.83B 958,148.21B 1,109.71T 1,207.97T 1,311.89T
Total equity 146,421.34B 167,191.83B 182,967.54B 206,323.43B 197,377.56B
Operating cash flow 40,542.07B 46,910.07B 36,400.63B 66,394.43B 56,557.00B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 8,215.67M 9,032.85M 9,317.13M 10,496.42M 9,972.89M
Gross Profit -- -- -- -- --
Operating income 2,561.20M 2,373.79M 2,495.19M 2,572.55M 1,343.32M
Income before tax 2,554.34M 2,766.68M 2,932.80M 3,066.41M 1,837.80M
Net income 1,969.54M 2,166.90M 2,272.36M 2,430.60M 1,282.84M
EBITDA -- -- -- -- --
Diluted EPS 0.00 0.01 0.01 0.01 0.01
Dividends Per Share 0.00 0.00 0.00 0.01 0.00
Total Assets 74,495.78M 83,099.13M 90,187.63M 102,053.58M 107,601.75M
Total liabilities 63,598.57M 70,620.83M 77,170.65M 87,014.19M 93,373.18M
Total equity 10,868.16M 12,322.96M 12,723.75M 14,862.12M 14,048.22M
Operating cash flow 3,048.18M 3,505.51M 2,556.80M 4,694.96M 3,889.29M

Valuation Measures

Dec 2020
PER27.39
ROA1.27%
ROE9.24%
Operating margin13.46%
Profit margin12.86%

Key executives

  • President Director: Sunarso
  • Director-Finance: Viviana Dyah Ayu R.K.
  • Director-Digital & Information Technology: Indra Utoyo
  • Director-Compliance: Ahmad Solichin Lutfiyanto
  • Director-Micro Business: Supari

Shareholders

  • Government of Indonesia (57.0%)
  • The Vanguard Group, Inc. (1.1%)
  • Fidelity Management & Research Co. LLC (0.8%)
  • BlackRock Fund Advisors (0.8%)
  • Baillie Gifford & Co. (0.7%)
  • JPMorgan Asset Management (UK) Ltd. (0.6%)
  • JPMorgan Investment Management, Inc. (0.6%)
  • PT Bank Rakyat Indonesia (Persero) Tbk (0.5%)
  • Invesco Advisers, Inc. (0.4%)
  • Vontobel Asset Management, Inc. (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 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

  • PT Bank Mandiri (Persero) Tbk
Last Updated on 18 Oct, 2021

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