Reluctant To Rush To Release Shares In BSI, BRI Boss Wants To Find Maximum Value

President Director of BRI Sunarso. (Photo: Doc. ANTARA)

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) will release or divest its shares in PT Bank Syariah Indonesia Tbk or BSI. However, the release of this stock is not something urgent.

BRI President Director Sunarso said that this divestment was also not coercion. So the implementation process will not be rushed.

"We don't have time to push, there is no coercion, no rush, nothing. What we are looking for is that the value must be maximized, and then the governance must be fulfilled. We don't want to violate those two," said Sunarso at the BUMN Ngopi event at the Ministry of SOEs building, Jakarta, written Friday, October 27.

Sunarso said that divestment in BSI was a step to optimize BRI's investment portfolio.

He explained that BRI's share portion in BSI was only 15.38 percent. Meanwhile, the majority shareholder in BSI is Bank Mandiri.

Furthermore, Sunarso explained, the small portion of shares pocketed by BRI made BSI assets not consolidated with BRI. So BRI only receives profits from BSI.

"15 percent is not calculated as consolidation, consolidation to Mandiri. But we can get an increase in our participation from the profit generated by BSI," he said.

Therefore, Sunarso said, his party will maximize its investment in portfolios that can boost the company's assets.

"Well that's it then we choose, even though BRI is now when asked, assets are not the largest, the biggest profit. Then what do we need? It takes the biggest profit, and assets if it can be the largest, "he explained.