PR98333

JAKARTA, Indonesia, Oct. 18, 2022 /PRNewswire=KYODO JBN/ --

PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has implemented the

BRIvolution 1.0 Transformation Program for the 2018 to 2022 period, focusing on

the digital and culture areas, to digitize existing business processes and

create new values through a new business model.

"The transformation of state-owned enterprises (SOEs) is not only for human

capital, business models, and business processes, but also for consolidated

financial statements as parts of corporate transparency and good corporate

governance," said the Minister of SOEs Erick Thohir at the 2021 BUMN Portfolio

Performance Press Conference in Jakarta, Indonesia, on 28 September 2022.

The transformation is proven to boost the performance of SOEs as seen from the

financial report figures, such as an increase in revenue, the earnings before

interest, taxes, depreciation, and amortization (EBITDA) margin, and a decrease

in the ratio of debt to total investment.

BRI President Director Sunarso revealed, "The pandemic is a turning point for

the BRIvolution 2.0 to become 'The Most Valuable Banking Group in Southeast

Asia and Champion of Financial Inclusion' by 2025, which includes establishing

Ultra-Micro Holding (UMi Holding) as a new source of growth, accelerating the

current account saving account (CASA) growth, and accelerating digital

transformation."

With BRISPOT, the micro credit booking process has increased from an average of

IDR 2.5 trillion monthly over IDR 4 trillion. In addition, the credit process

has become much faster, from previously taking two weeks to two days. Other

examples include the BRILink Agent, with a transaction volume over IDR 1000

trillion last year, and the BRImo, BRI's Super Apps, with a recorded

significant growth during the pandemic of 20.2 million users and a transaction

volume of IDR 1,567 trillion.

The transformation is carried out to build a performance-driven culture with a

management information system supported by valid and accurate data. The system

enables individuals and organizations to design and plan their own successes.

BRI's task include preparing a platform for healthy competitions, a system, and

rewards.

"By carrying out this transformation program, as one of the largest SOEs in

Indonesia, BRI is optimistic in playing an important role in the economic

recovery and the revival of the national economy," concluded Sunarso.

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

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: BRI Leads to an Outstanding Financial Performance Through Its Transformation