How To Cool BRI Lecut The Spirit Of Employees: Buy Shares!

Illustration (Photo: Doc. Antara)

JAKARTA PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is taking a corporate action to buy stock with the aim of being used as a long-term incentive for workers.

On this matter, researcher from the Indonesian Banking Development Institute (LPPI) Amin Nurdin stated that this step is believed to encourage the spirit of employees and spur the improvement of the company's performance in the future.

"So this is a long term of incentive that binds the spirit of work and the sense of having employees so that they will be more comfortable and loyal," he said in a written statement on Tuesday, October 11.

Similarly, the Executive Director of the Segara Institute Piter Abdullah considered that providing incentives to employees was beneficial if the company that provided it was in good health.

"If this is BRI's shares, there is no need to question the doubt no. In my opinion, it is good not to harm employees," he said.

According to Piter, BRI's performance and liquidity are quite good. In addition, the bank with the BRRI issuer ticker also has a positive track record in terms of dividend payments.

He gave an example in the 2021 financial year, BRI decided to distribute a dividend ratio of 85 percent. Previously in the 2020 period, the company spread a dividend ratio of 65 percent.

BRI scored a brilliant performance throughout the first semester of 2022 with a consolidation profit of IDR 24.8 trillion. In fact, for this year they are targeting to be able to collect profits of up to IDR 40 trillion," he said.

On the same occasion, BRI Finance Director Viviana Dyah Ayu said that the company since the beginning of the year had set a credit growth target in the range of 9-11 percent year on year (yoy).

"We are optimistic that the targets that have been set can be achieved by remaining cautious in continuing expansion and maintaining the ratio of non-performing loans (NPL) below 3 percent," he said.

For information, on March 1, 2022, through the Annual General Meeting of Shareholders (AGMS), BRI has obtained shareholder approval to implement a share buyback of IDR 3 trillion.

This process is carried out between March 1, 2022, until August 31, 2023. Shares from the buyback will be stored as treasury shares in the context of providing incentives to BRI employees or called BRIian Personnel.

From the other hand, the company intends to connect the aspirations of workers to increase BBRI's share ownership.