Fantastic! First 3 Months Of 2022 BRI Successfully Prints Profit Of Rp12.22 Trillion

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk recorded a profit of IDR 12.22 trillion or grew 78.13 percent year on year in the first quarter of 2022. As for assets, at the end of March 2022, BRI Group assets grew by 8.99 percent. yoy to Rp1,650.28 trillion.

BRI President Director Sunarso said that BRI's profit achievement could not be separated from the recovery of the national economy and the vigorous activity of Micro, Small and Medium Enterprises (MSMEs) which are BRI's core business.

"The condition of MSMEs which is starting to recover at this time has encouraged BRI lending to grow 7.43 percent yoy to Rp 1,075.93 trillion. This growth is higher than the national banking credit distribution in the first quarter of 2022 which was 6.65 percent," he said in a statement. exposure of Bank BRI's performance which was held virtually, Monday 25 April.

Until the end of the first quarter of 2022, BRI Group's DPK grew by 7.39 percent. Low-cost funds (CASA) became the main driver of BRI's DPK growth, which year on year increased by 15.99 percent.

When detailed, Current Accounts grew 30.86 percent and Savings grew 10.17 percent.

Sunarso said, in general, currently the proportion of BRI's CASA was recorded at 63.63 percent, an increase compared to CASA in the first quarter of last year which was 58.91 percent. BRI's ability to increase the proportion of low-cost funds has a positive impact on the company's more efficient business.

"As part of the Liability Structure Transformation, BRI will continue to encourage an increase in the proportion of CASA to support a sustainable business, including through transaction-based products and services in the wholesale segment as well as strengthening features and financial transactions through BRImo," added Sunarso.

Sunarso added that BRI's ability to channel credit and financing was also supported by adequate liquidity and strong capital. This can be seen from the consolidated LDR of banks which was recorded at 86.96 percent, with a CAR of 24.61 percent.

Not only that, he continued, BRI was also able to record an efficiency ratio that continued to improve, where BRI's BOPO at the end of March 2022 was recorded at 69.34 percent or lower than the BOPO for the same period last year of 78.41 percent.

"The decline in BOPO cannot be separated from the spirit of efficiency carried out by BRI, including through the success of digital transformation, the improvement in the ratio of non-performing loans, and the increasing proportion of CASA or low-cost funds in the company's body," he said.

With this positive achievement, SUnarso is optimistic that this year's performance will be able to exceed the performance before the pandemic, and can maintain the sustainability of future performance.