Shantel
Key Takeaways:
- PT Bank Rakyat Indonesia (BRI) Persero Tbk. has been honored with 9 awards across two major categories, Best Companies in Asia and FinanceAsia Awards, at the FinanceAsia Awards 2023 held on June 28, 2023, in Hong Kong.
- BRI received eight “Gold” ratings in the Best Companies in Asia category, including Best CEO, Best CFO, Best Financial Company, Best ESG (Environmental, Social and Governance), Best DEI (Diversity, Equity, and Inclusion), Best Investor Relations, Best-Large Cap Company, and Best Managed Company.
- Additionally, BRI was recognized with the Most Progressive DEI award in the FinanceAsia Awards category.
- In Q1 2023, BRI achieved significant growth, with a net profit of IDR 15.56 trillion, a YoY growth of 27.37%. The company’s assets also grew by 10.46% YoY, reaching IDR 1,822.97 trillion.
- BRI’s credit disbursement demonstrated growth, with the micro-segment leading at 11.18% growth. Total loans and financing reached IDR 1,180.12 trillion, with the MSME segment representing 83.86%.
- BRI excelled in ESG practices, with 66.7% of its Q1 2023 loans classified as sustainable credit portfolios, making it the largest in Indonesia.
- The company’s commitment to ESG implementations resulted in improved stock performance, with BRI now holding the largest market capitalization among state-owned enterprise stocks on the Indonesia Stock Exchange, reaching IDR 818.42 trillion in Q2 2023.
- BRI’s Corporate Governance Perception Index score for 2022 was an impressive 95.18, maintaining its position as one of the Top 3 Public Listed Companies in Indonesia and the ASEAN Asset Class for three consecutive years.
Introduction: BRI’s Outstanding Achievements
PT Bank Rakyat Indonesia (BRI) Persero Tbk. has been recognized with multiple awards at the FinanceAsia Awards 2023, reaffirming its exceptional performance and leadership. BRI received eight “Gold” ratings in various categories, along with the prestigious Most Progressive DEI award.
BRI’s Strong Financial Performance
BRI demonstrated impressive growth in Q1 2023, achieving a net profit of IDR 15.56 trillion, representing a substantial YoY growth of 27.37%. The company’s assets also expanded by 10.46% YoY, reaching IDR 1,822.97 trillion. The micro-segment led the credit disbursement growth at 11.18%, with the MSME segment accounting for 83.86% of total loans and financing.
Focus on Low-Cost Funds and ESG Practices
BRI successfully accumulated IDR 1,255.45 trillion in third-party funds, with a YoY growth of 11.45%. This growth was primarily driven by low-cost funds (CASA), which increased by 13.01% YoY to reach IDR 810.09 trillion. The company’s focus on gathering low-cost funds resulted in an increased CASA ratio of 64.53%.
BRI is a leader in ESG practices, with 66.7% of its Q1 2023 loans classified as sustainable credit portfolios, making it the largest in Indonesia. The company’s commitment to sustainability is reflected in its improved score in the Sustainability Yearbook Member of S&P Global Corporate Assessment, rising from 46 in 2020 to 63 in 2022. BRI’s ESG risk ratings also decreased from 30.0 in 2020 to 18.8 in 2022.
Acknowledgment of BRI’s Corporate Excellence
BRI’s exceptional corporate governance practices earned the company a Corporate Governance Perception Index score of 95.18 in 2022. This achievement further solidifies BRI’s position as one of the Top 3 Public Listed Companies in Indonesia and the ASEAN Asset Class for three consecutive years.
Sunarso’s Recognition as the Best CEO
Sunarso, CEO of BRI, was crowned as the Best CEO at the FinanceAsia Awards 2023. He expressed his gratitude to all employees and customers, particularly the MSME entrepreneurs who contribute to Indonesia’s economy. Sunarso dedicated the awards to them, further motivating the company to create economic and social value for all stakeholders.
Conclusion: BRI’s Commitment to Excellence
PT Bank Rakyat Indonesia (BRI) Persero Tbk. has received significant recognition at the FinanceAsia Awards 2023, with multiple awards in various categories. The company’s outstanding financial performance, dedication to sustainability, and commitment to corporate governance have positioned BRI as a leader in the industry. With CEO Sunarso at the helm, BRI continues to deliver economic and social value while prioritizing the needs of its customers and stakeholders.
