KNews.id- PT. Bank Rakyat Indonesia (Persero) Tbk (BBRI) is optimistic about welcoming the year 2021 even though world economic conditions are still full of uncertainty due to the ongoing pandemic. This was disclosed by the President Director of BRI Sunarso when briefing BRI employees in Jakarta (30/12). Sunarso believes that in 2021 the company’s performance will be better than in 2020.
“In 2021, the mood is still in crisis, but I am optimistic that BRI’s performance will be better than this year (2020). This year we focus on saving Micro, Small and Medium Enterprises (MSMEs) through restructuring and channeling government stimulus, and for 2021 we will raise MSMEs to re-activate the national economy, “he said.
MSMEs have a crucial role in the Indonesian economy. MSMEs have recorded a contribution of 60.3% of Indonesia’s total gross domestic product (GDP).
“Empowering and saving MSMEs is the same as saving BRI and saving BRI the same as maintaining the sustainability of the Indonesian economy,” added Sunarso.
By the end of the third quarter of 2020, BRI was able to book a consolidated net profit of Rp 14.15 trillion with the company’s assets growing by 10.89% to Rp 1,447.85 trillion. In addition, BRI managed to distribute credit worth Rp. 935.35 trillion, of which 80.65 percent was distributed to the UMKM segment.
Throughout 2020, BRI has also become a strategic partner of the government in relation to the distribution of the stimulus program for the acceleration of the National Economic Recovery (PEN). BRI has been recorded as having restructured loans worth IDR218.6 trillion to 2.8 million debtors, distributed MSME interest subsidies worth IDR 5.5 trillion to more than 6.6 million recipients, distributed KUR Micro worth IDR116.9 trillion to 4.4 million debtors. and KUR Super Micro amounting to IDR 8.5 trillion to 972 thousand MSME players.
In addition, BRI has also distributed the Productive Micro Enterprise Banpres (BPUM) worth Rp 18.5 trillion to 7.7 million recipients, as well as disbursing loans with guarantees to 13.8 thousand UMKM customers with a total value of Rp 8.34 trillion.
The BRI strategy that chooses to focus on maintaining performance fundamentals simultaneously by distributing various government stimulus programs is in fact appreciated by investors. At the close of trading on the capital market at the end of the year (30/12) BBRI’s shares closed at Rp4,170 per share.
This figure grows almost double compared to the value of BBRI’s shares at the lowest level recorded last May 18 at a price of Rp2,160 / unit. The increase in share prices made BRI’s market capitalization return to Rp. 500 trillion, to be precise reaching Rp. 514 trillion at the close of the stock exchange in 2020. This achievement also places BRI as the BUMN with the largest market capitalization in Indonesia.
“This (BBRI’s stock price performance) which is back to its pre-pandemic price, shows that the strategies and steps we have taken have been appreciated and responded positively. The application of the principles of prudence and good risk management has been responded to by both the public and shareholders. Sustainability is what is valued higher than just posting profits but in terms of risk management it is not good. And then BRI is not reckless to book profits aggressively, but we think that the situation is still not safe so we have to provide sufficient cushion, “added Sunarso.
The recognition of BRI’s performance throughout 2020 also came not only from the national level, but also regionally and internationally. BRI has recorded more than 70 prestigious awards throughout 2020.
The BRI strategy that chooses to focus on maintaining performance fundamentals simultaneously by distributing various government stimulus programs is in fact appreciated by investors. At the close of trading on the capital market at the end of the year (30/12) BBRI’s shares closed at Rp4,170 per share.
This figure grows almost double compared to the value of BBRI’s shares at the lowest level recorded last May 18 at a price of Rp2,160 / unit. The increase in share prices made BRI’s market capitalization return to Rp. 500 trillion, to be precise reaching Rp. 514 trillion at the close of the stock exchange in 2020. This achievement also places BRI as the BUMN with the largest market capitalization in Indonesia.
“This (BBRI’s stock price performance) which is back to its pre-pandemic price, shows that the strategies and steps we have taken have been appreciated and responded positively. The application of the principles of prudence and good risk management has been responded to by both the public and shareholders. Sustainability is what is valued higher than just posting profits but in terms of risk management it is not good. And then BRI is not reckless to book profits aggressively, but we think that the situation is still not safe so we have to provide sufficient cushion, “added Sunarso.
The recognition of BRI’s performance throughout 2020 also came not only from the national level, but also regionally and internationally. BRI has recorded more than 70 prestigious awards throughout 2020.
Some of them are Best Issuer for Sustainable Finance and Best Sustainability Bond from The Asset, Top 1000 World Banks: BRI Ranked 1st in Indonesia from The Banker, Best of The Best Companies 2020 and 1st Indonesia’s Largest Public Companies from Forbes Indonesia, The Best Retail Banking in Indonesia from The Asian Banker and the Best Supporting Banks for MSMEs (Books 3 & 4) from Bank Indonesia.
In addition, BRI also won 14 awards at the 2020 ESG Awards. This achievement is an appreciation of the company’s superior performance in implementing ESG (Environmental, Social and Governance) principles in every business activity. This is one of the things that causes ESG-based investors to increase significantly.
“BRI welcomes 2021 with great enthusiasm and optimism, hopefully we can learn from the crisis that occurred in 2020 and make BRI more resilient in facing challenges in the future,” concluded Sunarso. (AHM)
