Bank Rakyat Indonesia

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PT Bank Rakyat Indonesia (Persero) Tbk.
IndustryFinancial services, microfinance
Founded16 December 1895
FounderRaden Bei Aria Wirjaatmadja
HeadquartersJakarta, Indonesia
Key people
Sunarso, President Director
Kartika Wirjoatmodjo, President Commissioner
RevenueIncrease Rp 121.76 trillion (2019)
Increase Rp 43.431 trillion (2019)
Increase Rp 34.4 trillion (2019)[1]
Total assetsIncrease Rp 1512 trillion (2020)
Total equityIncrease Rp 208.8 trillion (2019)
OwnerGovernment of Indonesia (56,75%)
Number of employees
125,602 (2019)
SubsidiariesBRI Remittance
Bank Jasa Arta
BRI Multifinance Indonesia
Bank BRI Agroniaga
Dana Pensiun Bank Rakyat Indonesia
Bringin Jiwa Sejahtera

PT Bank Rakyat Indonesia (Persero) Tbk (People's Bank of Indonesia, commonly known as BRI or Bank BRI) is one of the largest banks in Indonesia.[2] It specialises in small scale and microfinance[3] 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.[4]

BRI is the oldest bank in Indonesia, tracing back since 1895. 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 (Help and Savings Bank for Purwokerto's Aristocrats) by Raden Bei Aria Wirjaatmadja in Purwokerto, Central Java.[5] It then underwent its first (of many) name changes to Hulp en Spaarbank der Inlandsche Bestuurs Ambtenaren (Help and Savings Bank for Local Civil Servants).

Going through several name changes, its final name during the colonial period was Algemene Volkscredietbank (People's General Credit Bank, AVB) 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 People's Bank (Japanese: 庶民銀行, Hepburn: Shomin Ginkou). 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. 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 jumped almost 62%. The bank topped the list of the nation's most profitable banks for six years, recording assets of Rp 249.56 trillion (US$28.6 billion) in 2010, up from Rp 154.72 trillion in 2006.[6]


In April 2014, BRI contracted with Space Systems/Loral and Arianespace to, respectively, build and launch their first satellite, a 3,500 kg (7,700 lb) C-band and Ku-band spacecraft dubbed BRIsat, and on 18 June 2016, Ariane 5 has successfully launched BRIsat as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches.[7][8]


  1. ^ "BRI books record net profits". The Jakarta Post. 21 March 2011.
  2. ^ " Rakyat company profile". 25 March 2014.
  3. ^ Ledgerwoodbali, Joanna (1999). Microfinance handbook: an institutional and financial perspective. bali denpasar: World Bank Publications. p. 253. ISBN 978-0-8213-4306-7.
  4. ^ Moestafa, Berni tabunganku (28 December 2010). "Indonesia Stocks: Aneka Tambang, Bank Rakyat, London Sumatra". Bloomberg.
  5. ^ Investor Relations: Corporate Profile, Bank Rakyat Indonesia's investor relations site. Retrieved 24 November 2014.
  6. ^ "BRI's assets jump 62% in 5 years". The Jakarta Post. 14 April 2011.
  7. ^ de Selding, Peter B. (28 April 2014). "Indonesia Taps SS/L, Arianespace To Build, Launch 3500-kilogram Satellite". SpaceNews. Archived from the original on 9 September 2014.
  8. ^ "Ariane 5 Launched into Space with BRIsat". 19 June 2016.

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