BRI Earns IDR 60.63 Trillion Profit In 2024, Tipis Increases 0.04 Percent

BRI (Photo: dock. Antara)

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) earned a consolidated net profit of IDR 60.64 trillion throughout 2024, an increase slightly from the profit in 2023 which was recorded at IDR 60.4 trillion.

Until the end of 2024, BRI managed to record a net profit of IDR 60.64 trillion. This achievement shows the resilience of BRI's performance and ability to create value consistently for shareholders, stakeholders, and the wider community in the midst of BRI's alignment with MSMEs," explained Sunarso, Wednesday, February 12.

Meanwhile, BRI's total assets until the end of December 2024 reached IDR 1,992.98 trillion or grew 1.42 percent year on year (yoy). This growth is driven by selective and quality lending while still focusing on MSMEs.

In terms of lending, BRI recorded credit disbursement of Rp1,354.64 trillion or grew 6.97 percent yoy and all loan segments recorded positive growth.

"BRI's credit distribution is dominated by the MSME segment with a portion reaching 81.97 percent compared to BRI's total credit, or with a nominal value of Rp1,110.37 trillion," added Sunarso.

The growth in lending was also followed by improvement in credit quality. This is shown by the improvement in the ratio of non-performing loans (NPL) from 2.95 percent at the end of December 2023 to 2.78 percent at the end of December 2024. In addition, BRI is also preparing sufficient reserves with NPL Coverage of 215.01 percent.

In terms of deposits or Third Party Funds (DPK), BRI managed to collect savings of Rp1,365.45 trillion. Cheap funds (CASA) dominate the collection of BRI deposits with a proportion of 67.30 percent or equivalent to Rp918.98 trillion.

BRI's success in increasing CASA's portion sustainably cannot be separated from BRI's strategy to continue to focus on improving quality CASA, one of which is CASA which is based on transactions," said Sunarso.

BRI's CASA achievement, supported by the growth of BRImo Super App digital transactions, further strengthens BRI's position in digital banking services in Indonesia. Until the end of December 2024, the number of BRImo Super Apps users grew 22.12 percent yoy to 38.61 million users. The volume of transactions processed through BRImo was also recorded to have increased 34.57 percent yoy to Rp5,596 trillion.

Sunarso also explained that BRI's positive performance achievement in 2024 was also supported by adequate liquidity conditions and strong capital. Where the Loan Deposit Ratio (LDR) ratio of BRI is at the level of 88.85 percent with a capital adequacy Ratio (CAR) ratio of 26.63 percent.