PT Bank Rakyat Indonesia (BRI) has reported a significant uptick in its financial performance for the first three quarters of 2023. The bank recorded a 9.93% asset growth, a net profit increase of 12.47%, and a credit disbursement surge of 12.53%. This was largely driven by an 11.01% rise in micro, small, and medium enterprises (MSME) loans, which contributed to the expansion of the credit portfolio. BRI’s commitment to Environmental, Social, and Governance (ESG) principles has also paid dividends, with ESG-related loans growing by 11.89%. The bank’s effective risk management strategies have led to a reduction in the Loan-to-Risk Ratio to 13.80%, while maintaining Non-Performing Loan Coverage at 228.65%. Fee-based income saw an increase of 12.19%, propelled by transactions via BRImo Super Apps and AgenBRILink. The Third-Part Fund Collection experienced a year-on-year growth of 13.21%, primarily from Low-Cost Funds via Qlola’s value chain optimization. The initiatives "Desa BRIlian," "Klasterku Hidupku," and Ultra-Micro Holding have been crucial to BRI’s strategy, integrating millions of customers and supporting villages and business clusters. The support from state-owned enterprise houses further reinforced the bank’s performance. Today, Sunarso representing BRI reported that the MSME loans surged from IDR 935.86 trillion to IDR 1,038.90 trillion, accounting […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
