Bank Rakyat Indonesia
|Type||Public (IDX: BBRI)|
|Industry||Financial Services, Microfinance|
|Founder(s)||Dutch Indies Government (1895)|
|Key people||Sofyan Basir, CEO|
|Net income||Rp 11.47 trillion (2010)(approx. US$1.32 billion)|
Bank Rakyat Indonesia or PT. Bank Rakyat Indonesia (Persero) (BRI), (tr. People's Bank of Indonesia), is one of the larger banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 4,000 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2010 it is the second largest bank in Indonesia by asset. 
It is currently 70% government owned operating company (Persero) and has been government owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO.
BRI was founded in 1895, during the Dutch colonial period as "De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden", by Raden Aria Wirjaatmadja in Purwokerto, Central Java. It then underwent its first (of many) name changes to "Hulp-en Spaarbank der Inlandsche Bestuurs Ambtenaren" (tr. Aid and Savings Bank for Local Civil Servants).
Going through several name changes, its final name during the colonial period was "Algemene Volkscredietbank (AVB)", or People's General Credit Bank, in 1934. This translates loosely into Indonesian as "Bank Rakyat Serikat". At this point it was one of the largest institutions in the (then) colony.
The bank's operations were affected by the Japanese occupation during the 1942 to 1945 period of World War II, including a further name change to "Shomin Ginkou" (tr. "People's Bank"). After the Indonesian declaration of independence, on 17 August 1945 the bank was officially nationalised by the new government and then renamed "Bank Rakyat Indonesia Serikat".
As a bank, wholly owned by the government, BRI's structure then largely followed government whim, which moved rapidly towards socialism under President Sukarno and then to state authoritarianism under President Suharto. This involved being folded into, and then out of, Bank Indonesia (now the central bank of Indonesia). BRI gained its current name and status in 1992.
BRI was nearly unique in Indonesia in the East Asian financial crisis of 1997, in that its operations were largely unaffected. This was because it had very little, if any, lending in foreign currencies or to the large corporations that had been borrowing heavily overseas, as most of the other large Indonesian banks had.
Since then BRI has been concentrating on increasing its core business and improving its risk management practices. As part of the reformasi (reform) process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day to day operations, culminating in its IPO. It is also seeking to comply with the Basel II accords, as mandated by Bank Indonesia, by 2008.
During period of 2006-2011 its assets have jumped almost 62 percent. The bank topped the list of the nation’s most profitable banks for six years, recorded assets of Rp 249.56 trillion (US$28.6 billion) in 2010, up from Rp 154.72 trillion in 2006. 
- "BRI books record net profits". The Jakarta Post. March 21, 2011.
- Ledgerwoodbali, Joanna (1999). Microfinance handbook: an institutional and financial perspective. bali denpasar: World Bank Publications. p. 253. ISBN 978-0-8213-4306-7.
- Moestafa, Berni tabunganku (December 28, 2010). "Indonesia Stocks: Aneka Tambang, Bank Rakyat, London Sumatra". Bloomberg.
- "BRI's assets jump 62% in 5 years". The Jakarta Post. April 14, 2011.