Asia300

PT Bank Rakyat Indonesia (Persero) Tbk

Indonesia

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Feb 22, 2018
Prev close: 3,770
Feb 22, 2018
Market cap:
Market cap(USD):
465,013.69B
33,986.01M
Shares: 123,345.80M

Currency in IDR

Company profile

Market(Ticker): JKT(BBRI)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 60,683

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 2017

  • Local currency
  • US Dollar
Revenue 120,738.11B
Gross profit --
Operating income 37,054.46B
Income before tax 37,022.15B
Net income 28,996.53B
EBITDA --
Diluted EPS 237.22
Dividends per share --
Total assets 1,126.24T
Total liabilities 958,900.94B
Total equity 166,748.81B
Operating cash flow 47,090.27B

Currency in IDR

Revenue 9,022.56M
Gross profit --
Operating income 2,769.02M
Income before tax 2,766.60M
Net income 2,166.86M
EBITDA --
Diluted EPS 0.01
Dividends per share --
Total assets 83,010.75M
Total liabilities 70,676.31M
Total equity 12,290.31M
Operating cash flow 3,518.98M

Currency in USD

Valuation measures

Dec 2017

PER 15.34
ROA 2.72%
ROE 18.51%
Operating margin 30.68%
Profit margin 24.01%

Key executive

  • 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

Share holders

  • Government of Indonesia(56.7%)
  • Fidelity Management & Research Co.(1.7%)
  • The Vanguard Group, Inc.(1.4%)
  • BlackRock Fund Advisors(0.9%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.9%)
  • PT Bank Rakyat Indonesia (Persero) Tbk(0.8%)
  • OppenheimerFunds, Inc.(0.6%)
  • APG Asset Management NV(0.5%)
  • Harding Loevner LP(0.5%)
  • JPMorgan Asset Management (UK) Ltd.(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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