BRI Credit Restructuring Decreased 54 Percent, Now Only 1.4 Million Customers Remain

Illustration (Photo: Doc. Antara)

JAKARTA PT Bank Rakyat Indonesia Tbk. (BRI) said the value of credit restructuring affected by COVID-19 had decreased significantly by 54.5 percent.

BRI Risk Management Director Agus Sudiarto said the amount of credit restructuring at the beginning of the pandemic reached Rp256.1 trillion, and now only leaves Rp116.45 trillion at the end of the third quarter of 2022.

"Accompaniedly, the number of credit restructuring customers affected by COVID-19 has decreased to 2.5 million customers and now there are 1.4 million customers," he said in a press statement on Wednesday, December 7.

According to Agus, the positive score was followed by the company's ability to maintain asset quality, namely a decrease in loan at risk (LAR) and non-performing loans (NPL).

He said, LAR BRI in the third quarter was 19.3 percent or much shrinking compared to the September 2021 period which reached 25.6 percent.

"Such as NPL which moves to improve and is maintained at the level of 3.09 percent," he said.

Agus added that his party continued to take anticipatory steps by preparing NPL coverage of 278.79 percent, where this figure increased compared to NPL coverage at the end of the third quarter of last year which was 252.86 percent.

"We are optimistic that the reserves that we have done are very adequate. Currently, the special reserves for COVID-19 are almost Rp. 30 trillion or the equivalent of 26 percent of the outstanding restructuring," he said.

In addition, the liquidity of the issuer coded as BBRI shares is maintained with a consolidated LDR ratio of 88.51 percent and capital adequacy ratio (CAR) which reaches 26 percent.

BRI's total assets were able to grow 4 percent year on year (yoy) in line with the increase in lending with total credit and BRI Group financing reaching Rp1,111.4 trillion or grew 7.92 percent yoy.

In particular, BRI's MSME credit portfolio recorded an increase of 9.83 percent yoy from Rp852.12 trillion at the end of September 2021 to Rp935.86 trillion at the end of September 2022.

"This makes the proportion of MSME loans compared to BRI's total credit continue to increase to 84.2 percent," concluded Agus.