Supported By Cheap Funds, BRI DPK Grows Above Industrial Rates

Illustration of BRI (Photo: dock. Antara)

JAKARTA - PT Bank Rakyat Indonesia Tbk (BBRI) recorded a collection of Third Party Funds (DPK) until the end of September 2023 of IDR 1,290.29 trillion or grew 13.21 percent year on year (yoy).

BRI President Director Sunarso explained that the main pillars of the BRI DPK were still sourced from low-cost funds or Current Account Saving Account (CASA) with a portion of 63.64 percent or IDR 821.14 trillion.

"The highest growth came from Giro BRI, which grew by 28.12 percent yoy," said Sunarso in an online press conference, Wednesday, October 25.

He further explained that the performance of Giro BRI is inseparable from the company's strategy which focuses on optimizing value chains through wholesale transaction banking and digitizing wholesale transaction banking with the Qlola platform which integrates various superior features, namely Cash Management, Trade Finance, Supply Chain Management, Foreign Exchange (Forex), Investment Services, and Financial Dashboard.

This low-cost fund growth also boosted BRI's profit achievement in the third quarter of 2023.

managed to score a profit of IDR 44.21 trillion in the third quarter of 2023. This number grew by 12.47 percent from the same period the previous year.

On the asset side, BRI Group managed to record assets that increased 9.93 percent yoy to Rp1,851.97 trillion.