Growing Double Digits, BRI Successfully Distributes Rp1,266.4 Trillion Loans

JAKARTA - PT Bank Rakyat Indonesia Tbk (BRI) managed to disburse loans amounting to Rp1,266.4 trillion until the end of 2023 or grew 11.2 percent year on year (yoy).

"This achievement was recorded to be higher than the national banking industry's lending of 10.4 percent yoy throughout 2023," said BRI President Director Sunarso in an online press conference in Jakarta, Wednesday, January 31.

Sunarso detailed that all BRI loan segments recorded positive growth.

The micro segment grew 10.9 percent yoy to IDR 611.2 trillion.

While the consumer segment grew 13.4 percent yoy to IDR 190.0 trillion, the small and medium segment grew 8.6 percent yoy to IDR 267.5 trillion and the corporate segment grew 13.8 percent yoy to IDR 197.7 trillion.

"If in total, BRI's MSME credit portfolio reaches 84.4 percent of BRI's total credit disbursement or IDR 1,068.7 trillion," continued Sunarso.

According to SUnarso, double-digit growth credit has an impact on the company's interest income from credit.

BRI's interest income was recorded at IDR 188.1 trillion or grew 16.9 percent yoy.

He continued, BRI's success in increasing the MSME credit portfolio could not be separated from the acceleration of new sources of growth through the integration of the ultra micro ecosystem where until the end of December 2023 the number of ultra micro holding customers reached 37.3 million borrowers.

"The success of BRI groups in integrating customers in the ultra micro segment has an impact on reducing the number of customers who have not received formal financial access," concluded Sunarso.