Bank Rakyat Indonesia

-4.25%

Bank Rakyat Indonesia, also known as BRI, is the oldest and one of the largest state-owned commercial banks in Indonesia. It was founded in 1895 and was initially known as "De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden". In the first years of its establishment, BRI mainly served the financial needs of farmers, agricultural workers, and landowners. However, over the years, BRI has expanded its services to cater to a wider range of clients, including individuals, small businesses, and large corporations.
Today, BRI offers a wide range of banking and financial services, including savings and deposit accounts, loans and credit facilities, investment products, and electronic banking services. It also provides microfinance services to small businesses and micro-entrepreneurs through its subsidiary, Bank BRI Unit Desa (BPD).
BRI has a strong presence in Indonesia, with over 10,000 branch offices and more than 50,000 ATMs spread across the country. It also has a growing international presence, with branches and representative offices in several countries, including Singapore, Hong Kong, the United Kingdom, and Japan.
The company is committed to promoting financial inclusion and providing affordable financial services to the people of Indonesia, particularly those in rural and underprivileged areas. It also has a strong focus on sustainable development and has implemented various initiatives to support social and environmental causes.
Overall, Bank Rakyat Indonesia is a reputable and well-established company that plays a significant role in the Indonesian banking sector, contributing to the country's economic growth and development.

1. Oldest and largest state-owned bank in Indonesia: Bank Rakyat Indonesia (BRI) was established in 1895, making it the oldest bank in Indonesia. It is also the largest state-owned bank in the country, with over 10,000 branches and more than 90 million customers.
2. Focus on microfinance: BRI is known for its strong focus on microfinance and providing financial services to small and medium-sized enterprises (SMEs). It has a dedicated program called "People's Business Credit" that offers microloans and training to small business owners and farmers.
3. Role in promoting financial inclusion: BRI plays a vital role in promoting financial inclusion in Indonesia, especially in rural and underdeveloped areas. It operates various programs and initiatives to provide access to financial services to the unbanked and underbanked population.
4. Strong presence in rural areas: BRI has a widespread network of branches in both urban and rural areas, with a strong presence in the latter. This allows the bank to reach the underserved population and support economic development in these areas.
5. Technologically advanced: BRI has invested heavily in technology and has a robust digital banking platform. It offers various digital services, such as internet banking, mobile banking, and e-wallet, making it more convenient for customers to access their accounts and conduct transactions.
6. Sustainable and social responsibility initiatives: BRI has various sustainability and social responsibility initiatives, such as promoting green finance, supporting education and healthcare, and disaster relief programs. It also has a program called BRI for a Better Future, which focuses on empowering women and youth in rural areas.
7. Strong financial performance: BRI has consistently shown strong financial performance over the years, with steady growth in profits and assets. It is considered one of the most stable and trusted banks in Indonesia.
8. Awards and recognition: BRI has received several awards and recognition for its excellent performance and contribution to the Indonesian banking industry. It has been recognized by various institutions and publications, including Forbes, The Economist, and Euromoney.