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{{Short description|Indonesian bank}}
{{Short description|Indonesian bank}}
{{distinguish|Bank Rakyat}}
{{distinguish|Bank Rakyat}}
{{Expand language|topic=|langcode=id|otherarticle=Bank Rakyat Indonesia|date=December 2024}}
{{Use British English|date=April 2021}}
{{Use British English|date=April 2021}}
{{Use dmy dates|date=February 2017}}
{{Use dmy dates|date=February 2017}}
{{Infobox company
{{Infobox company
| name = PT Bank Rakyat Indonesia (Persero) Tbk.
| name = PT Bank Rakyat Indonesia (Persero) Tbk
| logo = BRI 2020.svg
| logo = BRI 2020.svg
| logo_caption = Logo since 2020
| logo_caption = Logo since 2020
| image = Gedung-BRI.jpg
| image = File:BRI and GKBI - panoramio.jpg
| image_caption = BRI headquarters (blue buildings) in Jakarta
| image_caption = BRI Building, headquarters of BRI
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{idx|BBRI}}
| traded_as = {{idx|BBRI}}
| foundation = 16 December 1895
| foundation = {{start date and age|1895|12|16|df=y|br=y}} in [[Purwokerto]], [[Central Java]]
| founder = {{plainlist|
| founder = {{plainlist|
* Raden Bei Aria Wirjaatmadja (as ''Purwokertoan Savings and Loan Bank of Native Nobility'')
* Raden Bei Aria Wirjaatmadja (as ''Purwokertoan Savings and Loan Bank of Native Nobility'')
* [[Government of Indonesia]] (as ''Bank Rakyat Indonesia'')}}
* [[Government of Indonesia]] (as ''Bank Rakyat Indonesia'')}}
| location = [[Jakarta]], Indonesia
| location = [[Jakarta]], Indonesia
| key_people = [[Sunarso]], President Director<br> Kartika Wirjoatmodjo, President Commissioner
| key_people = {{ubl|Sunarso (President Director)|Kartika Wirjoatmodjo (President Commissioner)}}
| industry = [[Financial services]], [[microfinance]]
| industry = [[Financial services]], [[microfinance]]
| revenue = {{profit}} [[Indonesian Rupiah|Rp]] 121.76 [[Trillion (short scale)|trillion]] (2019)
| revenue = {{profit}} [[Indonesian Rupiah|Rp]] 121.76 [[Trillion (short scale)|trillion]] (2019)
Line 22: Line 23:
| equity = {{profit}} Rp 208.8 trillion (2019)
| equity = {{profit}} Rp 208.8 trillion (2019)
| owner = [[Government of Indonesia]] (53.19%)
| owner = [[Government of Indonesia]] (53.19%)
| assets = {{profit}} Rp 1512 trillion (2020)
| assets = {{profit}} Rp 1.865,63 trillion (2022)
| net_income = {{profit}} [[Indonesian Rupiah|Rp]] 34.4 trillion (2019)<ref>{{cite web|title=BRI books record net profits|newspaper=The Jakarta Post|date=21 March 2011 |url=http://www.thejakartapost.com/news/2011/03/31/bri-books-record-net-profits.html}}</ref>
| net_income = {{profit}} [[Indonesian Rupiah|Rp]] 34.4 trillion (2019)<ref>{{cite web|title=BRI books record net profits|newspaper=The Jakarta Post|date=21 March 2011|url=http://www.thejakartapost.com/news/2011/03/31/bri-books-record-net-profits.html|access-date=20 April 2011|archive-date=28 July 2012|archive-url=https://web.archive.org/web/20120728200141/http://www.thejakartapost.com/news/2011/03/31/bri-books-record-net-profits.html|url-status=live}}</ref>
| subsid = [[Permodalan Nasional Madani]]<br>[[Pegadaian]]<br>[[Bank Raya Indonesia]]<br> [[Bank Syariah Indonesia]] (17.4%)<br>[[BRI Insurance]]<br>[[BRI Life]]<br>BRI Remittance<br>[[BRI Danareksa Sekuritas]]<ref name="danaseku">{{cite web|url=https://www.cnbcindonesia.com/market/20180928081747-17-35132/bri-resmi-akuisisi-mayoritas-saham-danareksa-sekuritas|title=BRI Resmi Akuisisi Mayoritas Saham Danareksa Sekuritas|publisher=cnbcindonesia.com|accessdate=9 January 2020}}</ref><br>BRI Ventures
| subsid = [[Permodalan Nasional Madani]]<br>[[Pegadaian]]<br>[[Bank Raya Indonesia]]<br> [[Bank Syariah Indonesia]] (17.4%)<br>[[BRI Insurance]]<br>[[BRI Life]]<br>BRI Remittance<br>[[BRI Danareksa Sekuritas]]<ref name="danaseku">{{cite web|url=https://www.cnbcindonesia.com/market/20180928081747-17-35132/bri-resmi-akuisisi-mayoritas-saham-danareksa-sekuritas|title=BRI Resmi Akuisisi Mayoritas Saham Danareksa Sekuritas|publisher=cnbcindonesia.com|accessdate=9 January 2020|archive-date=10 April 2023|archive-url=https://web.archive.org/web/20230410061012/https://www.cnbcindonesia.com/market/20180928081747-17-35132/bri-resmi-akuisisi-mayoritas-saham-danareksa-sekuritas|url-status=live}}</ref><br>BRI Ventures<br>[[Danareksa Investment Management]]<ref name="dim">{{Cite web|url=https://keuangan.kontan.co.id/news/bri-kuasai-danareksa-investment-management|title=BRI Kuasai Danareksa Investment Management|publisher=Kontan|first=Selvi|last=Mayasari|date=2 December 2022|language=id|access-date=4 December 2022|archive-date=27 January 2023|archive-url=https://web.archive.org/web/20230127021530/https://keuangan.kontan.co.id/news/bri-kuasai-danareksa-investment-management|url-status=live}}</ref>
| num_employees = 125,602 <small>(2019)</small>
| num_employees = 78.897 <small>(2022)</small>
| homepage = [http://www.bri.co.id/ www.bri.co.id]
| homepage = {{official URL}}
}}
}}


'''PT Bank Rakyat Indonesia (Persero) Tbk''' ({{lit.}} 'Indonesian People's Bank', commonly known as '''BRI''') is one of the largest banks in [[Indonesia]].<ref>{{cite web |url=http://www.indonesia-investments.com/doing-business/indonesian-companies/bank-rakyat-indonesia/item209|title=Indonesia-Investments.com:Bank Rakyat company profile|date=25 March 2014}}</ref> It specialises in small scale and [[microfinance]]<ref>{{Cite book|last=Ledgerwoodbali|first=Joanna|title=Microfinance handbook: an institutional and financial perspective|publisher=World Bank Publications|year=1999 |location=bali denpasar|page=253|url=https://books.google.com/books?id=ciFt3kcRYGIC|isbn=978-0-8213-4306-7}}</ref> style borrowing from and lending to its approximately 30 million retail clients through its over 4,000 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2010, it is the second largest bank in Indonesia by asset.<ref>{{cite web |last=Moestafa|first=Berni tabunganku|title = Indonesia Stocks: Aneka Tambang, Bank Rakyat, London Sumatra|publisher=Bloomberg|date=28 December 2010|url=https://www.bloomberg.com/news/2010-12-28/indonesia-stocks-adaro-energy-astra-agro-bank-central-asia.html}}</ref>
'''PT Bank Rakyat Indonesia (Persero) Tbk''' ({{lit.}} "Indonesian People's Bank"), commonly known as '''Bank BRI''' or just '''BRI''', is one of the largest banks in [[Indonesia]].<ref>{{cite web|url=http://www.indonesia-investments.com/doing-business/indonesian-companies/bank-rakyat-indonesia/item209|title=Indonesia-Investments.com:Bank Rakyat company profile|date=25 March 2014|access-date=26 March 2014|archive-date=11 April 2023|archive-url=https://web.archive.org/web/20230411032855/https://www.indonesia-investments.com/doing-business/indonesian-companies/bank-rakyat-indonesia/item209|url-status=live}}</ref> It specialises in small scale and [[microfinance]]<ref>{{Cite book|last=Ledgerwoodbali|first=Joanna|title=Microfinance handbook: an institutional and financial perspective|publisher=World Bank Publications|year=1999 |location=bali denpasar|page=253|url=https://books.google.com/books?id=ciFt3kcRYGIC|isbn=978-0-8213-4306-7}}</ref> 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.<ref>{{cite web|last=Binekasri|first=Romys|title=Top 10 Largest Bank Asset in Indonesia|publisher=CNBC Indonesia|date=10 March 2023|url=https://www.cnbcindonesia.com/market/20230310092808-17-420529/ini-dia-top-10-bank-dengan-aset-terbesar-di-ri#:~:|access-date=12 April 2023|archive-date=2 November 2023|archive-url=https://web.archive.org/web/20231102102148/https://www.cnbcindonesia.com/market/20230310092808-17-420529/ini-dia-top-10-bank-dengan-aset-terbesar-di-ri#:~:|url-status=live}}</ref>


BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 53% [[Government-owned corporation|government owned operating company]] (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an [[Initial public offering|IPO]].
BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 53% [[Government-owned corporation|government owned operating company]] (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an [[Initial public offering|IPO]].


== History ==
== History ==
[[File:Bank BRI 2000.svg|thumb|Logo of BRI between 2000 and 2007, still used occasionally for unofficial purposes]]
BRI was founded in 1895, during the [[United Kingdom of the Netherlands|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]].<ref>[http://www.ir-bri.com/ Investor Relations: Corporate Profile], Bank Rakyat Indonesia's investor relations site. Retrieved 24 November 2014.</ref> 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).
BRI was founded in 1895, during the [[United Kingdom of the Netherlands|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]].<ref>[http://www.ir-bri.com/ Investor Relations: Corporate Profile] {{Webarchive|url=https://web.archive.org/web/20100307234157/http://www.ir-bri.com/ |date=7 March 2010 }}, Bank Rakyat Indonesia's investor relations site. Retrieved 24 November 2014.</ref> 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 [[World War II]], including a further name change to People's Bank ([[Japanese language|Japanese]]: {{Nihongo krt|2=庶民銀行|3=[[Hepburn romanization|Hepburn]]: ''shominginkō'', [[Kunrei-shiki]]: ''Syomin Ginkoo''}}, [[Indonesian language|Indonesian]]: ''Bank Rakjat'' (old spelling, current spelling: ''Bank Rakyat'')). After the Indonesian declaration of independence, on 17 August 1945 the bank was officially [[nationalise]]d by the new government and then renamed ''Bank Rakyat Indonesia Serikat''. BRI gained its current name and [[limited company]] status in 1992.<ref>{{Cite web |last=Binekasri |first=Romys |date=2022-07-20 |title=Jadi Bank Tertua di RI, Siapa Pemilik BRI? |url=https://www.cnbcindonesia.com/market/20220720094542-17-356932/jadi-bank-tertua-di-ri-siapa-pemilik-bri |access-date=2024-06-10 |website=CNBC Indonesia |language=id-ID |archive-date=10 June 2024 |archive-url=https://web.archive.org/web/20240610012025/https://www.cnbcindonesia.com/market/20220720094542-17-356932/jadi-bank-tertua-di-ri-siapa-pemilik-bri |url-status=live }}</ref>


⚫
Since then, BRI has been concentrating on increasing its core business and improving its [[risk management]] practices. As part of the [[Reformation (Indonesia)|reformasi]] (reform) process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day-to-day operations, culminating in its IPO. It is also seeking to comply with the [[Basel II]] accords, as mandated by [[Bank Indonesia]], by 2008.{{Citation needed|date=February 2024}}
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.


⚫
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&nbsp;trillion (US$28.6&nbsp;billion) in 2010, up from Rp 154.72&nbsp;trillion in 2006.<ref>{{cite web|title=BRI's assets jump 62% in 5 years|newspaper=The Jakarta Post|date=14 April 2011|url=https://www.kodebri.com/kartu-atm/kartu-atm-bri-dormant/|access-date=20 April 2011|archive-date=18 April 2011|archive-url=https://web.archive.org/web/20110418052331/http://www.thejakartapost.com/news/2011/04/14/bris-assets-jump-62-5-years.html|url-status=live}}</ref>
The bank's operations were affected by the Japanese occupation during the 1942 to 1945 period of [[World War II]], including a further name change to {{nihongo|''People's Bank''|庶民銀行|Shomin Ginkou|lead=yes}}. After the Indonesian declaration of independence, on 17 August 1945 the bank was officially [[nationalise]]d by the new government and then renamed ''Bank Rakyat Indonesia Serikat''. BRI gained its current name and status in 1992.


⚫
[[File:BANK BRI logo.svg|thumb|left|The former logo of BRI, used until December 2020.]]
BRI was nearly unique in Indonesia in the [[East Asian financial crisis]] of 1997, in that its operations were largely unaffected. This was because it had very little, if any, lending in foreign currencies or to the large corporations that had been borrowing heavily overseas, as most of the other large Indonesian banks had.


==Offices worldwide==
⚫
Since then BRI has been concentrating on increasing its core business and improving its [[risk management]] practices. As part of the [[Reformation (Indonesia)|reformasi]] (reform) process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day-to-day operations, culminating in its IPO. It is also seeking to comply with the [[Basel II]] accords, as mandated by [[Bank Indonesia]], by 2008.
* BRI New York Agency<ref name="Overseas Unit">{{Cite web |url=https://bri.co.id/en/unit-kerja-luar-negeri |title=Overseas Unit |access-date=15 July 2024 |archive-url=https://web.archive.org/web/20240718085720/https://bri.co.id/en/unit-kerja-luar-negeri |archive-date=18 July 2024 |url-status=live }}</ref>

* BRI Singapore Branch<ref name="Overseas Unit"/>
⚫
During 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&nbsp;trillion (US$28.6&nbsp;billion) in 2010, up from Rp 154.72&nbsp;trillion in 2006.<ref>{{cite web|title=BRI's assets jump 62% in 5 years|newspaper=The Jakarta Post|date=14 April 2011|url=http://www.thejakartapost.com/news/2011/04/14/bris-assets-jump-62-5-years.html}}</ref>
* BRI Hong Kong Representative Office<ref name="Overseas Unit"/>
* BRI Cayman Island Branch<ref name="Overseas Unit"/>
* BRI Timor Leste Branch<ref name="Overseas Unit"/>
* BRI Taipei Branch<ref name="Overseas Unit"/>


== Satellite ==
== Satellite ==
⚫
[[File:BANK BRI logo.svg|thumb|left|The former logo of BRI, used until December 2020.]]
In April 2014, BRI contracted with [[Space Systems/Loral]] and [[Arianespace]] to, respectively, build and launch their first [[satellite]], a {{cvt|3500|kg}} [[C band (IEEE)|C-band]] and [[Ku band|Ku-band]] spacecraft dubbed BRIsat, and on 18 June 2016, [[Ariane 5]] has successfully launched [[BRIsat]] as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches.<ref name="sn">{{cite web|last=de Selding|first=Peter B.|title=Indonesia Taps SS/L, Arianespace To Build, Launch 3500-kilogram Satellite|publisher=SpaceNews|date=28 April 2014 |url=http://www.spacenews.com/article/satellite-telecom/40358indonesia-taps-ssl-arianespace-to-build-launch-3500-kilogram|archive-url=https://archive.today/20140909180244/http://www.spacenews.com/article/satellite-telecom/40358indonesia-taps-ssl-arianespace-to-build-launch-3500-kilogram|url-status=dead|archive-date=9 September 2014}}</ref><ref>{{cite web|url=http://en.tempo.co/read/news/2016/06/19/310781184/Ariane-5-Launched-into-Space-with-BRIsat|title=Ariane 5 Launched into Space with BRIsat|date=19 June 2016}}</ref>
In April 2014, BRI contracted with [[Space Systems/Loral]] and [[Arianespace]] to, respectively, build and launch their first [[satellite]], a {{cvt|3500|kg}} [[C band (IEEE)|C-band]] and [[Ku band|Ku-band]] spacecraft dubbed BRIsat, and on 18 June 2016, [[Ariane 5]] has successfully launched [[BRIsat]] as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches.<ref name="sn">{{cite web|last=de Selding|first=Peter B.|title=Indonesia Taps SS/L, Arianespace To Build, Launch 3500-kilogram Satellite|publisher=SpaceNews|date=28 April 2014 |url=http://www.spacenews.com/article/satellite-telecom/40358indonesia-taps-ssl-arianespace-to-build-launch-3500-kilogram|archive-url=https://archive.today/20140909180244/http://www.spacenews.com/article/satellite-telecom/40358indonesia-taps-ssl-arianespace-to-build-launch-3500-kilogram|url-status=dead|archive-date=9 September 2014}}</ref><ref>{{cite web|url=http://en.tempo.co/read/news/2016/06/19/310781184/Ariane-5-Launched-into-Space-with-BRIsat|title=Ariane 5 Launched into Space with BRIsat|date=19 June 2016}}</ref>

{{clear}}
== BRI Partner Award ==
{{cleanup|section|date=February 2022|reason=needs more of a description of what this is and why it is significant}}

Source:<ref>{{Cite news|last=IT|first=JPNN|date=18 January 2022|title=BRI Gelar Penghargaan untuk Mitra Bisnis|page=1|work=JPNN.com|url=https://www.jpnn.com/news/bri-gelar-penghargaan-untuk-mitra-bisnis}}</ref>

Kategori Hardware

# Top Data Center Solution – PT. Bringin Inti Teknologi
# Top Compute Service Solution – PT. Info Solusindo Data Utama
# Top Network Data Center Solution – PT. Mastersystem Infotama

Kategori Software

# Top Core Banking System – PT. Structured Services (Silverlake)
# Top Integration System – PT. Mitra Integrasi Informatika
# Top Distribution System – PT. Metalogic Infomitra

Kategori Network

# Top Network Services – PT. Satkomindo Mediyasa
# Top M2M Platform – PT Telekomunikasi Selular
# Top Network Solution – PT. Telkom Indonesia (Persero) Tbk

Kategori Consultant

# Top Digital Strategy – PT. Sharing Vision Indonesia
# Top Digital Governance – PT Deloitte Consulting
# Top Management Quality – PT Robere Manajemen Indonesia

Kategori Non IT

# Top IT Facility Support – PT. Bringin Karya Sejahtera


== References ==
== References ==
{{Portal|Spaceflight}}
{{Portal|Spaceflight}}
{{Reflist|30em}}
{{Reflist|30em}}

== External links ==
{{Commons category|Bank Rakyat Indonesia}}
{{Commons category|Bank Rakyat Indonesia}}

* [http://www.bri.co.id/ Official website]
{{Banks in Indonesia}}
* [https://web.archive.org/web/20100328154224/http://www.bri.co.id/Home/tabid/54/language/en-US/Default.aspx English language website]
* [http://www.ir-bri.com/ Investor Relation website (in English)]
* [https://ppjb-sip.id/kur-bri/ Detail layanan KUR BRI]
* [https://elasq.com/logo-bank-bri/ Download Bank Bri Logos here]
{{Portalbar|Companies|Banks}}
{{Portalbar|Companies|Banks}}
{{authority control}}
{{authority control}}


[[Category:Bank Rakyat Indonesia| ]]
[[Category:Banks of Indonesia]]
[[Category:Banks of Indonesia]]
[[Category:Microfinance organizations]]
[[Category:Microfinance organizations]]
[[Category:Government-owned companies of Indonesia]]
[[Category:Government-owned banks of Indonesia]]
[[Category:Companies listed on the Indonesia Stock Exchange]]
[[Category:Companies listed on the Indonesia Stock Exchange]]
[[Category:Companies in the IDX 30]]
[[Category:Banks established in 1895]]
[[Category:Banks established in 1895]]
[[Category:Companies based in Jakarta]]
[[Category:Companies based in Jakarta]]

Latest revision as of 07:24, 22 December 2024

Not to be confused with Bank Rakyat.

PT Bank Rakyat Indonesia (Persero) Tbk
Company typePublic
IDX: BBRI
IndustryFinancial services, microfinance
Founded16 December 1895;
129 years ago (1895-12-16) in Purwokerto, Central Java
Founder
  • Raden Bei Aria Wirjaatmadja (as Purwokertoan Savings and Loan Bank of Native Nobility)
  • Government of Indonesia (as Bank Rakyat Indonesia)
HeadquartersJakarta, Indonesia
Key people
  • Sunarso (President Director)
  • Kartika Wirjoatmodjo (President Commissioner)
RevenueIncrease Rp 121.76 trillion (2019)
Increase Rp 43.431 trillion (2019)
Increase Rp 34.4 trillion (2019)[1]
Total assetsIncrease Rp 1.865,63 trillion (2022)
Total equityIncrease Rp 208.8 trillion (2019)
OwnerGovernment of Indonesia (53.19%)
Number of employees
78.897 (2022)
SubsidiariesPermodalan 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]
Websitewww.bri.co.id Edit this at Wikidata

PT Bank Rakyat Indonesia (Persero) Tbk (lit. "Indonesian People's Bank"), commonly known as Bank BRI or just 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% government owned operating company (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO.

History

[edit]
Logo of BRI between 2000 and 2007, still used occasionally for unofficial purposes

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 World War II, including a further name change to People's Bank (Japanese: 庶民銀行 (Hepburn: shominginkō, Kunrei-shiki: Syomin Ginkoo), Indonesian: Bank Rakjat (old spelling, current spelling: Bank Rakyat)). After the Indonesian declaration of independence, on 17 August 1945 the bank was officially nationalised by the new government and then renamed Bank Rakyat Indonesia Serikat. BRI gained its current name and limited company status in 1992.[8]

Since then, BRI has been concentrating on increasing its core business and improving its risk management practices. As part of the reformasi (reform) process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day-to-day operations, culminating in its IPO. It is also seeking to comply with the Basel II accords, as mandated by Bank Indonesia, by 2008.[citation needed]

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.[9]

The former logo of BRI, used until December 2020.

Offices worldwide

[edit]
  • BRI New York Agency[10]
  • BRI Singapore Branch[10]
  • BRI Hong Kong Representative Office[10]
  • BRI Cayman Island Branch[10]
  • BRI Timor Leste Branch[10]
  • BRI Taipei Branch[10]

Satellite

[edit]

In April 2014, BRI contracted with Space Systems/Loral and Arianespace to, respectively, build and launch their first satellite, a 3,500 kg (7,700 lb) C-band and Ku-band spacecraft dubbed BRIsat, and on 18 June 2016, Ariane 5 has successfully launched BRIsat as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches.[11][12]

References

[edit]
  1. ^ "BRI books record net profits". The Jakarta Post. 21 March 2011. Archived from the original on 28 July 2012. Retrieved 20 April 2011.
  2. ^ "BRI Resmi Akuisisi Mayoritas Saham Danareksa Sekuritas". cnbcindonesia.com. Archived from the original on 10 April 2023. Retrieved 9 January 2020.
  3. ^ Mayasari, Selvi (2 December 2022). "BRI Kuasai Danareksa Investment Management" (in Indonesian). Kontan. Archived from the original on 27 January 2023. Retrieved 4 December 2022.
  4. ^ "Indonesia-Investments.com:Bank Rakyat company profile". 25 March 2014. Archived from the original on 11 April 2023. Retrieved 26 March 2014.
  5. ^ Ledgerwoodbali, Joanna (1999). Microfinance handbook: an institutional and financial perspective. bali denpasar: World Bank Publications. p. 253. ISBN 978-0-8213-4306-7.
  6. ^ Binekasri, Romys (10 March 2023). "Top 10 Largest Bank Asset in Indonesia". CNBC Indonesia. Archived from the original on 2 November 2023. Retrieved 12 April 2023.
  7. ^ Investor Relations: Corporate Profile Archived 7 March 2010 at the Wayback Machine, Bank Rakyat Indonesia's investor relations site. Retrieved 24 November 2014.
  8. ^ Binekasri, Romys (20 July 2022). "Jadi Bank Tertua di RI, Siapa Pemilik BRI?". CNBC Indonesia (in Indonesian). Archived from the original on 10 June 2024. Retrieved 10 June 2024.
  9. ^ "BRI's assets jump 62% in 5 years". The Jakarta Post. 14 April 2011. Archived from the original on 18 April 2011. Retrieved 20 April 2011.
  10. ^ a b c d e f "Overseas Unit". Archived from the original on 18 July 2024. Retrieved 15 July 2024.
  11. ^ 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.
  12. ^ "Ariane 5 Launched into Space with BRIsat". 19 June 2016.
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