BRI Kutodian Bank Management As Of August 2023 Reaches IDR 1000 Trillion

Illustration (Photo: Doc. Antara)

JAKARTA - Bank Kustodian BRI's managed assets until the end of August 2023 have penetrated Rp1,000 trillion.

BRI Director of Wholesale and Institution Agus Noorsanto said this increase in managed assets was supported by an increase in the number of new collaborations and growth in asset management from existing customers.

"This figure has increased significantly compared to the position of BRI's Kustodian Bank manages at the end of 2022, which is IDR 555 trillion," Agus said as quoted on Monday, September 25.

He explained that currently, the Indonesian capital market is still showing high resilience and is growing positively amid economic uncertainty at the global level.

In addition to the increase in the number of securities recorded in the Indonesian capital market, a significant increase in the number of investors in stocks, bonds, and mutual funds is a reflection of market confidence that is still quite maintained even though they are faced with global and domestic economic volatility challenges.

Furthermore, he added, if the development of BRI's Kustodian Bank assets cannot be separated from the efforts made to continue to provide the best service and bring efficiency in the operation of custodials with digital strategies.

Customers do not need to hesitate to leave securities in Bank Kustodian BRI. We have been trusted by big customers such as government agencies, insurance and pension funds to manage their various types of effects such as mutual funds, KPD, EBA and General Safekeeping Unitized," he said.

In addition, BRI has also developed BRIFrens, namely the BRI's Front End System portal to provide convenience to customers in sending instructions and getting reports on their asset portfolios.

To complete all of that and increase the consistency of its service standards, Bank Kustodian BRI is also targeting the acquisition of ISO 9001: 2015 Certification this year.

Just so you know, Bank Kustodian BRI has more than 27 years of experience in managing the effects of its customers, both at the General Safekeeping, mutual funds and Fund Management Contracts or the Discretionary Fund.

Selain tercatat sebagai Bank Kustodian pertama yang mengelola Efek Beragun Asset (EBA) pada tahun 2010, Bank Kustodian BRI telah menjadi direct member Euroclear sejak 2012 dan juga memperoleh Certificate Kepatuhan Syariah dari Dewan Syariah Nasional MUI di tahun 2018.

Currently, Bank Kustodian BRI is a custodi bank with the largest EBA asset management in Indonesia.

By becoming a direct member of Euroclear, Bank Kustodian BRI can provide administrative services and settlement of securities traded and registered at the Euroclear Bank in various currencies.

"With the acquisition of a Sharia Compliance Certificate, Bank Kustodian BRI in addition to being able to administer conventional effects, can also administer the effects and portfolio of sharia owned by customers," concluded Agus.