Bank Rakyat Indonesia
Company type | Public |
---|---|
IDX: BBRI | |
Industry | Financial services, microfinance |
Founded | 16 December 1895 |
Founder |
|
Headquarters | Rp 34.4 trillion (2019)[1] |
Total assets | Rp 1.865,63 trillion (2022) |
Total equity | Rp 208.8 trillion (2019) |
Owner | Government of Indonesia (53.19%) |
Number of employees | 78.897 (2022) |
Subsidiaries | Permodalan Nasional Madani Pegadaian Bank Raya Indonesia Bank Syariah Indonesia (17.4%) BRI Insurance BRI Life BRI Remittance BRI Danareksa Sekuritas[2] BRI Ventures Danareksa Investment Management[3] |
Website | www |
PT Bank Rakyat Indonesia (Persero) Tbk (lit. 'Indonesian People's Bank', commonly known as BRI) is one of the largest banks in Indonesia.[4] It specialises in small scale and microfinance[5] style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2022, it is the second largest bank in Indonesia by asset.[6]
BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 53%
History
BRI was founded in 1895, during the Dutch colonial period as De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden (Help and Savings Bank for Purwokerto's Aristocrats) by Raden Bei Aria Wirjaatmadja in Purwokerto, Central Java.[7] It then underwent its first (of many) name changes to Hulp en Spaarbank der Inlandsche Bestuurs Ambtenaren (Help and Savings Bank for Local Civil Servants).
Going through several name changes, its final name during the colonial period was Algemene Volkscredietbank (People's General Credit Bank, AVB) in 1934. This translates loosely into Indonesian as Bank Rakyat Serikat. At this point, it was one of the largest institutions in the (then) colony.
The bank's operations were affected by the Japanese occupation during the 1942 to 1945 period of
BRI was nearly unique in Indonesia in the
Since then, BRI has been concentrating on increasing its core business and improving its
During the period of 2006–2011, its assets jumped almost 62%. The bank topped the list of the nation's most profitable banks for six years, recording assets of Rp 249.56 trillion (US$28.6 billion) in 2010, up from Rp 154.72 trillion in 2006.[8]
Satellite
In April 2014, BRI contracted with
References
- ^ "BRI books record net profits". The Jakarta Post. 21 March 2011.
- ^ "BRI Resmi Akuisisi Mayoritas Saham Danareksa Sekuritas". cnbcindonesia.com. Retrieved 9 January 2020.
- ^ Mayasari, Selvi (2 December 2022). "BRI Kuasai Danareksa Investment Management" (in Indonesian). Kontan. Retrieved 4 December 2022.
- ^ "Indonesia-Investments.com:Bank Rakyat company profile". 25 March 2014.
- ISBN 978-0-8213-4306-7.
- ^ Binekasri, Romys (10 March 2023). "Top 10 Largest Bank Asset in Indonesia". CNBC Indonesia.
- ^ Investor Relations: Corporate Profile, Bank Rakyat Indonesia's investor relations site. Retrieved 24 November 2014.
- ^ "BRI's assets jump 62% in 5 years". The Jakarta Post. 14 April 2011.
- ^ de Selding, Peter B. (28 April 2014). "Indonesia Taps SS/L, Arianespace To Build, Launch 3500-kilogram Satellite". SpaceNews. Archived from the original on 9 September 2014.
- ^ "Ariane 5 Launched into Space with BRIsat". 19 June 2016.