Bank Rakyat Indonesia

Not to be confused with Bank Rakyat.

PT Bank Rakyat Indonesia (Persero) Tbk.

Logo since 2020
Company type	Public
Traded as	IDX: BBRI
Industry	Financial services, microfinance
Founded	16 December 1895
Founder	Raden Bei Aria Wirjaatmadja (as Purwokertoan Savings and Loan Bank of Native Nobility) Government of Indonesia (as Bank Rakyat Indonesia)
Headquarters	Jakarta, Indonesia
Key people	Sunarso, President Director Kartika Wirjoatmodjo, President Commissioner
Revenue	Rp 121.76 trillion (2019)
Operating income	Rp 43.431 trillion (2019)
Net income	Rp 34.4 trillion (2019)
Total assets	Rp 1512 trillion (2020)
Total equity	Rp 208.8 trillion (2019)
Owner	Government of Indonesia (53.19%)
Number of employees	125,602 (2019)
Subsidiaries	Permodalan Nasional Madani Pegadaian Bank Raya Indonesia Bank Syariah Indonesia (17.4%) BRI Insurance BRI Life BRI Remittance BRI Danareksa Sekuritas BRI Ventures
Website	www.bri.co.id

PT Bank Rakyat Indonesia (Persero) Tbk (lit. 'Indonesian People's Bank', commonly known as BRI) is one of the largest banks in Indonesia. It specialises in small scale and microfinance 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.

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

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. 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: Shomin Ginkou). 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 status in 1992.

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.

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.

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 trillion (US$28.6 billion) in 2010, up from Rp 154.72 trillion in 2006.

Satellite

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 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.

BRI Partner Award

Source:

Hardware Category

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

Software Category

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

Network Category

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

Consultant Category

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

Non IT Category

1. Top IT Facility Support – PT. Bringin Karya Sejahtera

External links

• Official website
• English language website
• Investor Relation website (in English)
• Detail layanan KUR BRI
• Download Bank Bri Logos here