Erick Thohir: Alhamdulillah BRI Enters The Ranks Of 20 Biggest Banks In Asia

SOE Minister Erick Thohir (photo: between)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed that PT Bank Rakyat Indonesia (Persero) Tbk or BRI managed to enter the ranks of the 20 largest banks in Asia based on S&P Global Market Intelligence data.

"Alhamdulillah, a state-owned bank, BRI is one of 20 banks with the highest market caps or market capitalization in Asia. BRI is ranked 17th with a market cap of 57.50 billion dollars equivalent to Rp914 billion," he said, quoted from the official Instagram @erickthohir, Wednesday, May 8.

Erick said BRI's market capitalization had an increase of 5.6 percent compared to the previous quarter of October-December 2023.

According to Erick, this achievement cannot be separated from BRI's efforts to provide credit or financing for micro-enterprises in the country.

BRI, which focuses on being an ultra micro holding, is also able to have the highest market capitalization in Asia. This is proof, BRI can become a giant bank in Asia by continuing to care and focus on developing the people's economy," he explained.

Erick also hopes that BRI can continue to grow and provide more value to the state and society. Both financially and as one of the driving wheels of the nation's economy.

"Hopefully SOEs can continue to provide benefits to move the wheels of the Indonesian economy," he said.