BRI Reaches USD 1.66 Billion Net Profit in the First Half of 2022 – QNT Press Release

JAKARTA, Indonesia, Aug. 3, 2022 /PRNewswire/ — Bank Rakyat Indonesia (IDX: BBRI)one of the largest financial groups in Indonesiaannounced a net profit of USD 1.66 billion or grew almost double 98.38% year-on-year (YoY) with total assets also increased 6.37% to USD 110.19 billion in the first half of 2022, at the Press Conference on Financial Performance for Q2 2022 on July 27, 2022.

BRI President Director Sunarso said, “We focus on liquidity, especially the growth of low-cost funds; manage the loan quality, especially the restructured loan, while maintaining adequate provision to mitigate the credit risk; and furthermore accelerate business process reengineering to increase productivity and improve operational efficiency.”

BRI disbursed USD 73.65 billion worth of loans, a growth of 8.75% YoY, to the micro segment (15.07% growth), consumers (5.27% growth), corporate segment (3.76% growth), and SMEs (2.71% growth). BRI’s MSME loan portfolio grew 9.81 % or

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