Company type | Public |
---|---|
IDX: BBRI | |
Industry | Financial services, microfinance |
Founded | 16 December 1895 |
Founder |
|
Headquarters | Jakarta, Indonesia |
Key people |
|
Revenue | Rp 121.76 trillion (2019) |
Rp 43.431 trillion (2019) | |
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 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.
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]
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]
Ariane 5 is a retired European heavy-lift space launch vehicle developed and operated by Arianespace for the European Space Agency (ESA). It was launched from the Guiana Space Centre (CSG) in French Guiana. It was used to deliver payloads into geostationary transfer orbit (GTO), low Earth orbit (LEO) or further into space. The launch vehicle had a streak of 82 consecutive successful launches between 9 April 2003 and 12 December 2017. Since 2014, Ariane 6, a direct successor system, first launched in 2024.
Arianespace SA is a French company founded in March 1980 as the world's first commercial launch service provider. It operates two launch vehicles: Vega C, a small-lift rocket, and Ariane 6, a medium-to-heavy-lift rocket. Arianespace is a subsidiary of ArianeGroup, a joint venture between Airbus and Safran.
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PT Telekomunikasi Indonesia (Persero) Tbk officially shortened into PT Telkom Indonesia (Persero) Tbk, also simply known as Telkom, is an Indonesian multinational telecommunications conglomerate with its corporate headquarters in Bandung and its operational headquarters in the Telkom Landmark Complex in Jakarta. Telkom is listed on the Indonesia Stock Exchange and has a secondary listing on the New York Stock Exchange—the only Indonesian company, currently listed there. The government of Indonesia owns over half of the Telkom's shares outstanding.
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Purwokerto is a large but non-autonomous town on the island of Java, Indonesia. It is the coordinating centre of local government and the largest city in southwestern Central Java. Currently, Purwokerto is the capital of Banyumas Regency, Central Java province. The population of the four districts which comprise the town at the 2010 census was 233,951 and 229,271 at the 2020 census; the official estimate as of mid-2023 was 233,865. The City is considered to be the most comfortable city in Indonesia, as it is the favourite place for pensioners to live after they have finished working.
Bank Negara Indonesia, is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 2,047 branches and more than 63 million customers in 2021. It is listed on the Indonesia Stock Exchange as "BBNI".
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