BRI Encourages Domestic Growth Through MSMEs as State-Owned Enterprises Become the Drive for Economic Developments
PR98390
BALI,Indonesia,Oct.20,2022/PRNewswire=KYODO JBN/--
PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) pushes for Indonesia's
growth by supporting Micro, Small, and Medium Enterprises (MSMEs) through
several initiatives and programs, one of which is the Ultra-Micro (UMi) Holding
program.
Minister of State-Owned Enterprises (SOEs) Erick Thohir revealed the role of
SOEs are crucial as they have the potential of creating millions of job
opportunities in Indonesia. Therefore, SOEs are continuously pushed to create
value for the community and play their role as agents of developments.
"The role of SOEs as agents of developments in society will go hand in hand
with the transformation of SOEs. We believe we can further help SOEs to enhance
their role as driving agents of Indonesia's development," said Erick.
President Director of BRI Sunarso also believes that Indonesia's economic
growth can be achieved by focusing on MSMEs, who are the country's growth
drivers. "97% of jobs in Indonesia comes from MSMEs. Therefore BRI, whose core
business is MSMEs, has a crucial role in promoting financial inclusion in
Indonesia."
The successes of the UMi Holding are reflected in the data. The number of
customers who have been integrated by the three UMi Holding entities reached
23.5 million customers with a total outstanding financing of IDR 183.9 trillion
in August 2022. This achievement is in line with one of the priority agendas of
the G20 Presidency, namely financial inclusion.
BRI also succeeded in upgrading 1.8 million micro-business credit customers to
commercial in 2021 and is predicted to upgrade 2.2 million customers in 2022.
Furthermore, in August 2022, the service integration of the UMi Holding
entities or the co-location of Gerai Senyum outlets reached 1,003 locations,
surpassing the initial target of 978. UMi Holding also surpassed the initial
target of 3.3 million savers by reaching 6.85 million new savers. PNM Mekaar,
joining as BRILink agents, reached 40,121.
BRI is optimistic that the ongoing growth will have a positive impact on the
economy in Indonesia. "Our efforts to suppress inflation are important, but our
goal is also to continue to grow our economy so that stagflation does not
occur, thus reducing the risk of additional unemployment," said Sunarso.
For more information about BRI, visit www.bri.co.id.
SOURCE: PT Bank Rakyat Indonesia Tbk (BRI)
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