#Jakarta #Economic Resilience #Bank Rakyat Indonesia #MSME Support

BRI's Financial Performance: A Testament of Resilience

PT Bank Rakyat Indonesia (Persero) Tbk, listed on IDX as BBRI, has established itself as a pillar of resilience within the tumultuous landscape of the Indonesian economy. During the recent 2024 Financial Performance Press Conference held in Jakarta, BRI's President Director, Sunarso, reported an impressive consolidated net profit of IDR 60.64 trillion for the year 2024, reinforcing the bank's unwavering commitment to serving Micro, Small and Medium Enterprises (MSMEs).

As of the end of last year, BRI's total assets have seen a healthy growth rate of 1.42% year-on-year (yoy), reaching IDR 1,992.98 trillion. This growth is significantly attributed to the bank's strategic focus on quality loan distribution, particularly within the MSME sector, which comprised a remarkable 81.97% of total loans, translating to IDR 1,110.37 trillion. Notably, the total loan disbursement hit IDR 1,354.64 trillion, reflecting a growth of 6.97% yoy, while the Non-Performing Loan (NPL) ratio illustrated an improvement from 2.95% down to 2.78%. Notably, BRI also fortified its reserves, boasting an NPL Coverage ratio of 215.01%.

Commitment to MSME Empowerment

BRI’s dedication to economic growth in Indonesia goes beyond mere financial statistics; it encompasses a broad range of initiatives aimed at supporting MSMEs. Describing BRI as an