PR97964

JAKARTA, Indonesia, Sept. 21, 2022 /PRNewswire=KYODO JBN/ --

PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) is providing optimal

dividends to shareholders and implementing its share buyback program from 1

March 2022 until 31 August 2023.

BRI President Director Sunarso said, "With good capital management, BRI will

continue to provide optimal dividends to shareholders. In the next three to

four years, BRI's potential dividend payout ratio distribution is higher. For

example, BRI paid 85% of 2021's net profit to shareholders as dividends in

2022."

The optimal dividend is supported by excellent profitability, until the 2nd

Quarter of 2022, BRI's profit grew 98.4% YoY to IDR 24.9 trillion. This

achievement was obtained due to the implementation of a precise strategic

response. The strategies include running a safety-focused business, the

Businesses Follow Stimulus strategy, restructuring MSMEs credits, and

transforming BRIVOLUTION 2.0 to become "The Most Valuable Banking Group and

Champion of Financial Inclusion in Southeast Asia.

BRI's total assets grew by 6.4% YoY reaching IDR 1,652.8 trillion with lending

of IDR 1,104.8 trillion (8.7% YoY growth). The proportion of BRI's MSME loans

increased from 82.5% in Q2 2021 to 83.3% in Q2 2022.

BRI's growth in credit disbursement combined with good credit quality was

reflected in BRI's non- performing loan ratio of 3.26% and coverage of 266.3%

in Q2 2022. Meanwhile, third-party fund was recorded at IDR 1.137 trillion

(3.7% YoY growth). BRI's strategy of maintaining a sustainable business growth

through the Ultra-Micro (UMi) holding will encourage the growth of liabilities

and cross-selling product sales.

The UMi holding reached 23.5 million people with a total financing of IDR 183.9

trillion in August 2022. Gerai Senyum reached 1,003 locations, from the initial

target of 978. Additionally, 1.8 million micro-customers' business credits were

upgraded to commercial in 2021.

BRI also implements share buybacks, through the Annual General Meeting of

Shareholders (AGMS) on 1 March 2022, BRI has obtained the shareholders'

approval buyback its shares of a maximum total value of IDR 3 trillion. In

accordance with the Disclosure of Information Agreement, the buyback shares

will be utilized for the BRILian Personnel (BRI Employee) Share Ownership

Program.

For more information about BANK BRI, visit www.bri.co.id .

Source: PT Bank Rakyat Indonesia Tbk (BRI)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=430013 

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

President Director BRI; and Viviana Dyah Ayu, Chief Financial Officer BRI