PR95637

JAKARTA,Indonesia,April 25,2022/PRNewswire=KYODO JBN/--

Bank BRI (IDX: BBRI) successfully opens Q1 2022 with a profit of Rp. 12.22

trillion or 78.13% yoy. BRI's assets grew 8.99% year-on-year (yoy) to Rp.

1,650.28 trillion in March 2022 because of sustainable activities from MSMEs.

"The recovery of MSMEs has pushed BRI's lending to grow by 7.43% yoy to Rp.

1,075.93 trillion, which is higher than the national banking credit

distribution of 6.65% in Q1 2022," said Sunarso, President Director of BRI.

BRI's MSMEs loan portfolio grew by 9.24% yoy from Rp. 826.85 trillion in March

2021 to Rp. 903.29 trillion in March 2022. The micro segment lending grew

13.55%, the consumer segment by 4.56% and the small and medium segment by 3.96%.

BRI's successful credit channeling and good risk management were reflected in

BRI's NPL ratio of 3.09% in March 2022 decreasing from 3.30% in March 2021.

The improved credit quality was also caused by the restructuring of credit of

Rp. 144.27 trillion in Q1 2022, decreasing from Rp. 103.75 trillion in Q1 2021.

BRI provides sufficient reserves to anticipate future risks with NPL Coverage

of 276.0%, increasing from the NPL Coverage of 231.17% in March 2021.

Furthermore, BRI managed to record a 7.39% growth in collecting third-party

funds in Q4 2022, with low-cost funds increasing by 15.99% yoy as the main

driver of growth.

The proportion of BRI's low-cost funds is recorded at 63.63%, bringing a

positive impact to the company's business from 58.91% in Q1 2021.

"As part of the Liability Structure Transformation, BRI continues to encourage

low-cost funds for sustainable businesses, namely transaction-based products

and services in the wholesale segment and strengthen BRImo's features and

transactions," added Sunarso.

The consolidated LDR of banks which was recorded at 86.96%, with a CAR of

24.61%, further support BRI's ability to disburse loan.

BRI was able to record a positive efficiency ratio with BOPO of 69.34% in March

2022, lower than 78.41% in March 2021, by digital transformation, improving

non-performing loans ratio, and increasing low-cost funds.

"With BRI's positive performance and a good risk management, BRI is optimistic

that in 2022 BRI will be able to exceed its pre-pandemic performance,"

concluded Sunarso.

Information about Bank BRI can be accessed at www.bri.co.id .

SOURCE:  PT Bank Rakyat Indonesia Tbk (BRI)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=419831

   Caption: Left to Right: Catur Budi Harto, Vice President Director BRI; Sunarso,

President Director BRI; Viviana Dyah Ayu Retno K., Director of Finance BRI