PR98411

BALI, Indonesia, Oct. 21, 2022 /PRNewswire=KYODO JBN/ --

PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) received an appreciation

from an Adjunct Lecturer of Harvard Kennedy School, Professor Jay K. Rosengard

for their contribution in promoting the acceleration of financial inclusion and

ESG implementation in Indonesia. Rosengard conveyed the statement during The

Role of SOEs in Broadening Financial Inclusion on 'Trade Investment & Industry

Working Group (TIIWG) Road to G20: SOE International Conference' in Bali,

October 17th, 2022.

BRI is considered to successfully execute a commitment to financial inclusivity

and encourage MSMEs growth in Indonesia through financial disbursement.

Rosengard stated, "When agricultural technology began to penetrate, BRI played

an important role in enabling financial aid. The farmers then could adopt the

innovation and create a green revolution perspective, shifting Indonesia from

the world's largest rice importer to a net exporter in 20 years." Rosengard

also praised BRI for excellently implementing ESG principles which have

contributed significantly to MSMEs sustainable growth. "BRI is a successful

phenomenon of Green Revolution and is the world's biggest and most successful

profitable micro banking. It's a great untold story," said Rosengard.

BRI also created numerous innovations. Including AgenBRILink, a branchless

banking service that managed to cover 77% of rural areas in Indonesia per

September 2022, also Agen Laku Pandai and Holding Ultra Mikro (UMi). Kartika

Wirjoatmodjo, Vice Minister II State-Owned Enterprises of Indonesia, considered

those innovations to potentially escalate financial inclusivity up to 83-84%.

Wirjoatmodjo also stated that 30 million potential customers could not access

the formal financial system. "To address this unbanked population, we have

integrated three entities: BRI, Pegadaian, and PNM, into a UMi holding. We have

established an integrated one-stop service (co-location SENYUM) where customers

can receive various financing products and services from one place," said

Wirjoatmodjo.  

Within the first half of 2022, BRI effectively recorded a profit of Rp24.88

trillion and partially contributing to the government through dividends and

taxes. After more than twenty years, BRI has grown into the largest bank by

assets and the major credit distribution for MSMEs in Indonesia, demonstrated

by the MSMEs lending portion in BRI that reached 83% of the total lending, or

equal to Rp920 trillion in Q2 of 2022.

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

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: Professor Jay K. Rosengard, Adjunct Lecturer of Harvard Kennedy School.