Super! BRI Successfully Collects IDR 32 Trillion Profit Throughout 2021

Illustration (Photo: Doc. Antara)

JAKARTA – PT Bank Rakyat Indonesia Tbk. (BRI) reports that the company has succeeded in collecting a net profit of IDR 32.2 trillion on a bank only basis throughout 2021.

BRI's President Director Sunarso said the score rose 75.53 percent on an annual basis (year-on-year/yoy). According to him, the moncer 2021 performance cannot be separated from credit and third party funds (DPK) which grew positively accompanied by a significant decrease in interest costs.

"At the same time, the company is able to manage its portfolio mix and asset quality so that it can increase asset yields. In general, our results prove that BRI can continue to create economic value for all stakeholders in the midst of the current challenging conditions," he said in a statement, Thursday, February 3.

Sunarso added that until the end of December 2021, BRI's lending grew by 7.16 percent yoy, this figure was higher than the lending in the national banking industry of 5.24 percent.

"All of BRI's loan segments recorded positive growth, supported by the increase in BRI credit, which was still in the micro-segment which recorded a growth of 12.98 percent. Meanwhile, the consumer segment grew 3.97 percent, the small and medium segment grew 3.55 percent and the corporate segment grew 2.37 percent. This is in accordance with BRI's aspiration to focus on the MSME segment," added Sunarso.

The brilliant intermediation function of the issuer-coded bank BBRI was able to be offset by the ratio of non-performing loans (NPL) which was maintained at the level of 3.08 percent.

“Credit quality is followed by the current condition of credit restructuring which continues to slop. It was recorded that the restructuring of BRI amounted to IDR 156.93 trillion, or much lower than the total accumulated restructuring of IDR 245.22 trillion," he continued.

In detail, BBRI's performance recorded third-party funds (DPK) growing by 7.14 percent with low-cost funds (CASA) increasing by 11.18. Then, consolidated assets reached IDR 1,678 trillion, BRI loans and financing amounted to Rp1,042 trillion, bank LDR 83.53 percent with a CAR of 27.25 percent.

Then, the total liquidity of the BRI Group is IDR 1,138 trillion, with savings of IDR 497 trillion, current accounts of IDR 220 trillion and time deposits of IDR 420 trillion.

BRI's focus on accelerating its ability to raise low-cost funds made the CASA ratio increase to 63.08 percent at the end of December 2021, this figure is higher than the same period the previous year, which was 59.66 percent.

“BRI's success in improving the funding structure has reduced interest expense by 25.54 percent. In the future, BRI will continue to encourage the increase in low-cost funds as a source of funding," said Sunarso.

Furthermore, this wong cilik bank is also known to have 500,000 BRILink agents throughout Indonesia with transaction volume throughout the 2021 period reaching IDR 1.143 trillion.

The BRILink agent is claimed by the company to be able to make a positive contribution to low-cost fund raising (CASA) of IDR 19.38 trillion and Fee Based Income (FBI) of IDR 1.34 trillion.

"With the fundamentals of BRI's performance getting healthier and stronger, we are optimistic that this year BRI will reap better performance and continue to grow sustainably, and will always give meaning to Indonesia," concluded Sunarso.