This Is The Reason BRI Performs Stock Buyback

President Director of BRI Sunarso. (Photo: Doc. Antara)

JAKARTA - PT Bank Rakyat Indonesia Tbk carried out a corporate action by purchasing back shares (buyback).

It is known that through the disclosure of information published on February 2, 2023, the share buyback by BRI was carried out amounting to IDR 1.5 trillion, and can be carried out in stages or at once. This buyback process is completed no later than 18 months after the date of the AGMS in 2023.

BRI President Director, Sunarso said, shares of the buyback will be used to provide rewards and incentives to workers and management, thus spurring the company's sustainability of performance in the long term.

"We have done the calculation that the financial condition after the buyback is of course our finances remain solid. The motivation of the buyback is indeed to increase employee engagement, but I want to emphasize once again the philosophy. Our task here is added value. And there are two values because we are in BUMN, the first value is the economy and social value. We have to pay attention to who is the stakeholder and what value we have to present there, "said Sunarso at a press conference in Jakarta, Wednesday, February 8.

The government as BRI's largest shareholder, said Sunarso, needs to receive an economic value through tax and dividend deposits which will later be returned to the community through various government programs.

Meanwhile, for customers, as the main stakeholder, BRI must receive banking services that exceed expectations.

"But there are important stakeholders as well as employees. Workers. Must present value by providing a conducive workplace to develop their careers fairly according to their potential," he added.

For workers, explained Sunarso, the Company wants to foster a sense of belonging through stock buyback actions so that in making decisions, workers are motivated to give the company the best performance.

"Because with every move, idea, thought contributed to this bank, he will also enjoy it when the value is created. Everyone who sweats in this bank must enjoy the sweat," concluded Sunarso.