More Priority Customers, BRI's Wealth Management Business Increases 21 Percent

JAKARTA – PT Bank Rakyat Indonesia Tbk. (BRI) said that in January 2022 the number of customers managed by wealth management grew by more than 21 percent year-on-year (yoy).

BRI's Director of Consumer Business, Handayani, said that along with the significant growth in the number of customers, this prompted BRI's asset under management to also increase by 12 percent yoy.

In addition, he revealed that the total sales of state securities (SBN) during 2021 reached IDR 10.91 trillion, grew 21 percent yoy and the growth in the number of investors rose 31 percent yoy.

"Nationally, BRI recorded higher growth, both in volume and in the number of customers," he said in an official statement on Friday, March 4.

Handayani said the company will continue to accelerate the performance of its wealth management business. He said, this was in line with the G20 Indonesia 2022 Presidency which encouraged financial inclusion and digital transformation.

"The strategy is to strengthen education regarding the importance of financial management to all levels of society," he said.

Handayani added that her party has a vision to become the customer's first choice in entrusting all banking transactions. This role is claimed to be supermarket finance in responding to various investment needs and customer protection, especially the priority segment.

"All financial services always support aspects of an integrated and one-stop financial solution to support the needs of individual and business customers, through various instruments, such as government bonds, corporate bonds, mutual funds, securities, bancassurance and pension fund management," he explained.

Furthermore, Handayani believes that customers' awareness to protect themselves, their families and their assets will grow in a sustainable manner.

"BRI is optimistic that the wealth management business has good prospects and will continue to grow in the future," he concluded.