Raising IDR 1,245 Trillion Third Party Funds, BRI Boss Reveals Key Strategies

President Director of PT Bank Rakyat Indonesia (Persero) Tbk, Sunarso. (Photo: Doc. ANTARA)

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk recorded success in raising Third Party Funds (DPK) worth IDR 1,245.12 trillion.

BRI Main Director Sunarso said that the main support for BRI's TPF growth came from low-cost funds or Current Account Saving Accounts (CASA), which grew 10.13 percent yoy to IDR 815.42 trillion.

Then the CASA portion consisting of BRI current accounts and savings also continued to increase, from 65.12 percent in the second quarter of 2022 to 65.49 percent in the second quarter of 2023.

"BRI has 2 main strategies to encourage CASA collection going forward, namely focusing on retention and acquisition. For retention, BRI's strategy will be focused on digital transactions, optimizing wholesale customer value chains, and using big data to maximize opportunities from customers. As for acquisitions, BRI will target the business ecosystem and merchants," said Sunarso in an online press conference, on Wednesday, August 30.

Meanwhile, from an operational standpoint, BRI's business process reengineering has also increased efficiency in BRI's business operations.

This is reflected in the ratio of Operating Expenses to Operating Income (BOPO) and Cost to Income Ratio (CIR) which were recorded to have improved compared to the same period the previous year.

The BOPO ratio improved from 69.56 percent to 67.71 percent and CIR improved from 44.30 percent to 41.79 percent.

Sunarso said that BRI's efficiency ratio which continues to improve cannot be separated from the ongoing digital transformation.

BRI itself continues to develop the digital area through 3 focuses namely Digitizing Core, Digital Ecosystem, and New Digital Proposition.

"And the digital transformation carried out by BRI not only has an impact in terms of efficiency but also has a significant impact on the company's fee-based income achievement. BRI's consolidated fee-based income was recorded to have grown 9.14 percent yoy to Rp. 10.22 trillion," he explained.

Until the end of the second quarter of 2023, BRI's liquidity and capital are at an adequate level.

This is reflected in the Bank's Loan to Deposit Ratio (LDR) of 87.26 percent with a Capital Adequacy Ratio (CAR) of 26.65 percent.

"Supported by adequate liquidity and strong capital, BRI is optimistic that it will be able to drive the national economy through financing and empowering MSMEs," concluded Sunarso.