Asia300

PT Bank Rakyat Indonesia (Persero) Tbk

Indonesia

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Nov 23, 2017
Prev close: 3,360
Nov 23, 2017
Market cap:
Market cap(USD):
414,441.88B
30,668.73M
Shares: 123,345.80M

Currency in IDR

Company profile

Market(Ticker): JKT(BBRI)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 58,885

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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 109,683.83B
Gross profit --
Operating income 34,065.13B
Income before tax 33,973.77B
Net income 26,195.77B
EBITDA --
Diluted EPS 214.30
Dividends per share 85.72
Total assets 1,003.64T
Total liabilities 856,831.83B
Total equity 146,421.34B
Operating cash flow 40,542.07B

Currency in IDR

Revenue 8,246.65M
Gross profit --
Operating income 2,561.20M
Income before tax 2,554.34M
Net income 1,969.54M
EBITDA --
Diluted EPS 0.01
Dividends per share 0.00
Total assets 74,495.78M
Total liabilities 63,598.57M
Total equity 10,868.16M
Operating cash flow 3,048.18M

Currency in USD

Valuation measures

Dec 2016

PER 10.89
ROA 2.78%
ROE 20.20%
Operating margin 31.05%
Profit margin 23.88%

Key executive

  • President Director: Suprajarto
  • Director-Operations: Indra Utoyo
  • Director-Finance: Haru Koesmahargyo
  • Director-Compliance: Susy Liestiowaty
  • Director: Mohammad Irfan

Share holders

  • Government of Indonesia(56.7%)
  • Fidelity Management & Research Co.(1.7%)
  • The Vanguard Group, Inc.(1.4%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.9%)
  • BlackRock Fund Advisors(0.8%)
  • PT Bank Rakyat Indonesia (Persero) Tbk(0.8%)
  • APG Asset Management NV(0.5%)
  • Harding Loevner LP(0.5%)
  • JPMorgan Asset Management (UK) Ltd.(0.4%)
  • PT Schroder Investment Management Indonesia(0.4%)

Address

  • 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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