BRI Encourages Corporate Customers To Go To The Stock Exchange Via IPO

Photo: Doc. BRI

JAKARTA PT Bank Rakyat Indonesia Tbk. (BRI) is said to be encouraging corporate segmentation customers to access funding through Initial Public Offering (IPO).

BRI's SEVP Treasury and Global Services Achmad Royadi said this was done by the company to increase the level of corporate customers to continue to grow.

Mainly in terms of funding, increasing corporate image and good corporate governance (GCG). BRI focuses on 40 corporate customers to access funding through alternative funding," he said in a press release today, Tuesday, July 11.

According to Achmad, by releasing its shares to the public through an IPO, a company will have new stakeholders such as the stock exchange, capital market analysts so that it will increase the implementation of GCG because it is driven by better information disclosure factors.

"We want to grow up together with clients, move forward together, and this IPO is one way," he said.

For this, the state-owned bank is committed to providing integrated banking solutions for corporate customers. BRI also not only offers loans or loans, but also serves all customer financial transaction needs such as forex, cash management, trade finance, and others.

"This year we have new facilities for corporate customers so that they can present a total solution," he said.

It was stated that until the first quarter of 2023 the company recorded consolidated credit growth of around 9.7 percent. Meanwhile, in the micro and ultra micro segments, it grew very well to reach 11 percent.

Then, the consumer sector rose 13 percent, and corporations grew 10.3 percent to Rp196 trillion.

"Despite having a focus on the MSME segment, BRI still maintains the credit quality of the corporate segment with a target contribution of around 15 percent to the total portfolio," concluded Achmad.