BRI Reports IDR 15.98 Trillion Profit, Eyes Global Trends, Prioritizes Domestic with MSMEs Empowerment [Yahoo! Finance]
BANK RAKYAT UNSP/ADR B (BKRKY)
NASDAQ:AMEX Investor Relations:
ir-bri.com
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Source: Yahoo! Finance
for the first quarter of 2024, despite challenging global economic and geopolitical conditions. At the financial performance press conference, BRI's President Director Sunarso discussed the impact of high US interest rates and Middle East tensions on the Rupiah and stock indices, expressing optimism and highlighting domestic resilience. Sunarso emphasized, "BRI recognizes Indonesia's current economic resilience amidst global instability and remains dedicated to supporting government initiatives for domestic economic growth." Notably, BRI's support for the SME sector remained strong, with loans amounting to IDR 1,308.65 trillion , a 10.89% increase year-over-year, primarily directed towards SMEs, resulting in BRI's assets reaching IDR 1,989.07 trillion , a 9.11% rise. All BRI loan segments experienced growth, particularly in the micro, consumer, small and medium, and corporate sectors, while maintaining stable credit quality, with a Non-Performing Loan (NPL) ratio of approximately 3.
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