BRI Shines with IDR 60.64 Trillion Profit Amid Challenges

BRI's Robust Financial Performance in 2024

PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has reported a remarkable consolidated net profit of IDR 60.64 trillion for the year 2024. This accomplishment underscores BRI's ability to navigate economic challenges and consistently deliver value to its stakeholders. During the 2024 Financial Performance Presentation, President Director Sunarso highlighted this significant achievement that reflects the bank's resilience and commitment to serving micro, small, and medium enterprises (MSMEs).

Growth Metrics and Economic Contributions

As of the end of 2024, BRI recorded total assets amounting to IDR 1,992.98 trillion, demonstrating a 1.42% year-on-year growth. A key driver of this growth has been the bank's selective approach to loan disbursement. MSMEs represented a substantial 81.97% of BRI's total loan portfolio, with the overall loan disbursement for the year reaching IDR 1,354.64 trillion, up by 6.97% year-on-year. Furthermore, the bank has effectively managed risk, boasting a non-performing loan (NPL) ratio improvement from 2.95% to 2.78% and an NPL coverage ratio of 215.01%.

Supporting MSMEs through Comprehensive Programs

BRI continues to fulfill its role as a development agent by actively supporting various government initiatives that foster MSME growth. The bank has launched several key programs aimed at empowering small businesses across the nation, including:

1. Ultra Micro Holding (UMi)

This initiative involves a partnership with Pegadaian and PNM to deliver essential financial services to ultra-micro businesses. Currently, this program caters to over 180 million savings customers, along with 36.9 million loan recipients.

2. People’s Business Credit (KUR)

As a government-backed financing scheme, KUR plays a pivotal role in supporting MSMEs. BRI has taken the lead among national banks by disbursing IDR 184.98 trillion in 2024, aiding over 4 million small businesses.

3. AgenBRILink

This operational network consists of 1.06 million banking agents that have facilitated transactions valued at IDR 1,583 trillion, reaching 80% of rural villages across Indonesia.

4. Desa BRILian

Aimed at rural economic development, this program supports 4,327 villages through initiatives focused on tourism, handicrafts, and agriculture.

5. PARI (Indonesian People’s Market)

A digital platform that connects 85,000 MSME users through commodity ecosystems, promoting sustainability and community collaboration.

6. Klasterku Hidupku

This program supports 38,574 MSME clusters nationwide, fostering collaboration and resource sharing among small businesses.

7. LinkUMKM

A digital tracking platform used by 8.9 million entrepreneurs to monitor their MSME progress, ensuring that they stay on the path to success.

8. Rumah BUMN

Providing a collaborative space for state-owned enterprises (SOEs) to train and mentor 433,000 MSMEs at 54 locations, facilitating knowledge transfer and empowerment.

Sunarso reiterated BRI's unwavering commitment to bolstering the people's economy through inclusive financing solutions and empowerment initiatives. The bank recognizes MSMEs as essential pillars of Indonesia's ongoing economic growth.

Frequently Asked Questions

What is the consolidated net profit of BRI for 2024?

The consolidated net profit of BRI for 2024 is IDR 60.64 trillion.

How much has BRI disbursed under the KUR program?

BRI has disbursed IDR 184.98 trillion under the KUR program in 2024.

What percentage of BRI's loans go to MSMEs?

MSMEs account for 81.97% of BRI's total loan portfolio.

What initiatives does BRI support for rural economic development?

BRI supports rural economic development through programs like Desa BRILian, which aids 4,327 villages.

How many banking agents does BRI operate?

BRI operates a network of 1.06 million banking agents through the AgenBRILink program.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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