PR94503

JAKARTA, Indonesia, Feb. 11, 2022 /PRNewswire=KYODO JBN/ --

Bank BRI (IDX: BBRI), has announced its commitment to support the MSME sector

in Indonesia to empower the ultra-micro sector at the BRI Microfinance Outlook

2022 on February 10, 2022. The event was attended by Sri Mulyani, Minister of

Finance; Airlangga Hartarto, Coordinating Minister for Economic Affairs;

Kartika Wirjoatmodjo, Deputy Minister of State-Owned Enterprises; and Sunarso,

President Director of BRI.

Strengthening the MSME, especially the ultra-micro sector, has marked the main

discussion at the BRI Microfinance Outlook 2022. There are 45 million

ultra-micro businesses in Indonesia, of which 30 million of them still do not

receive formal financial services.

The number of micro-enterprises, which account for 98.7% of MSMEs in Indonesia,

is the backbone of the national economy as it contributes to the absorption of

89.04% of the workforce and 37.35% of the 2019 GDP.

Therefore, the potential of the ultra-micro sector must be increased. The

strong efforts will also reflect the G20 2022 theme, Recover Together, Stronger

Together.

"We formed the Ultra Micro Holding with a rights issue process that can be

absorbed by Rp95.9 trillion, providing BRI strong liquidity and capital that

can grow in an integrated ecosystem," said Sunarso.

Airlangga Hartarto also added that lending to the ultra-micro sector

accelerates businesses to 'grade up' and support the stimulus provided by the

government.

Meanwhile, Sri Mulyani explained there needs to be an integrated data

management. "So good intentions and noble goals must be prepared with a

reliable integrated data system that can be accounted for. With better

integration, unbankable ultra-micro sector will be reached," said Mulyani.

Kartika Wirjoatmodjo emphasized the importance of data integration as a key

factor for targeting accuracy. Not only credit, BRI Group also ensures

sustainability for businesses.

Sunarso has confirmed the readiness of the data integration and the Ultra Micro

Holding system with strong liquidity and capital to expand into the ultra-micro

sector. This is evidenced by the number of Ultra Micro Holding customers as of

December 2021 amounting to 25.2 million and is targeting 45 million ultra-micro

businesses in 2024.

For information about Bank BRI, visit www.bri.co.id.

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Link: http://asianetnews.net/view-attachment?attach-id=415012

   Caption: Sunarso, BRI President Director at BRI Microfinance Outlook 2022 on February

10, 2022