September 2021, BRI Becomes The Parent Of Pawnshops And PNM: Has Jumbo Assets Of IDR 1,515 Trillion

JAKARTA - President Director of PT Bank Rakyat Indonesia Tbk (BRI) Sunarso said that he would sign the government share deed in PT Pegadaian and PT Permodalan Nasional Madani (PNM) on September 13, 2021, and after that, Holding Ultra Micro (UMi) with BRI as The holding company was officially formed.

"We just have to wait for one more step, the plan is that on September 13, 2021, the signing of the deed of government shares in Pegadaian and PNM will be carried out and included as state capital participation in BRI," Sunarso said at a virtual press conference in Jakarta, quoted from Antara, Friday, August 6 .

Previously, BRI registered a rights issue of 28 billion shares to the Indonesia Stock Exchange (IDX) on July 26, 2021. This registration was carried out after BRI obtained shareholder approval at the Extraordinary General Meeting of Shareholders (EGMS) on July 22, 2021.

Sunarso explained that the rights issue was carried out to increase BRI's capital in the context of forming Ultra Micro Holdings. The move was previously approved by the Privatization Committee and the House of Representatives.

In addition, the government has also approved BRI's steps with the issuance of Government Regulation Number 73 of 2021 concerning Additional State Equity Participation in BRI.

Previously, Sunarso said the formation of Holding Ultra Micro (UMi) between BRI, Pegadaian, and PT Permodalan Nasional Madani (PNM) has the potential to increase the company's assets from Rp1,411 trillion to Rp1,515 trillion. BRI's total liabilities also have the potential to increase from Rp1,216 trillion to Rp1,289 trillion.

Meanwhile, revenue is projected to increase from Rp40 trillion to Rp47 trillion, and BRI's net profit to increase from Rp7 trillion to Rp8 trillion.

The formation of Holding UMi is also believed to accelerate BRI's target of micro customers, which will reach 45 percent of total customers by 2025.