Bank BRI at a Glance

Company Profile

The history of PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”, “Bank”, or “Perseroan”) began in 1895 in Purwokerto, Central Java, by Raden Aria Wiriatmaja, originally to manage mosques’ cash, to be distributed to the public using a simple scheme. Throughout history, various names have been attached to BRI, beginning with “Hulp en Spaarbank der Inlandsche Bestuurs Ambtenaren”, Hulp en Spaarbank der Indlandsche Bestuurs Ambtenareen, Syomin Ginko, and finally, officially established as Bank Rakyat Indonesia on 18 December 1968 by virtue of Law No. 21 Year 1968.

In 1992, BRI changed its legal status to PT Bank Rakyat Indonesia (Persero) by virtue of Law of Banking No. 7 Year 1992 and listed its stocks on Jakarta Stock Exchange, now the Indonesia Stock Exchange, on 10 November 2003, with the stock code BBRI. In 2007, BRI undertook strategic steps by acquiring Bank Artha Services (BJA), which was then converted into PT Bank BRISyariah. BRI’s Syariah Business Unit then was spun-off from BRI and merged into PT Bank BRISyariah (BRI Syariah) on January 1, 2009, and further on 3 March 2011 BRI acquired the shares of PT Agro Niaga Tbk from Dana Pensiun Perkebunan (Dapenbun).

Since its establishment, BRI consistently focuses on micro, small and medium enterprises (MSME), and became the pioneer of microfinance in Indonesia. The Bank maintains its commitment until today, and with the support of its experience in delivering banking services, especially in the MSME segment, BRI has been able to record the achievement of being the most profitable bank in 13consecutive years. Such an achievement is the result of hard work of all BRI employees who ceaselessly innovate and develop banking products and services for all business segments.

Through innovation, BRI is able to respond to any developments in society and the business world. One of them is the development of technology. BRI is the first to provide banking self-service in Indonesia through BRI Hybrid Banking in 2013.

BRI also brought its technology-based banking services to every corner of the country, even to the small islands of the archipelago. In 2015, BRI launched Teras BRI Kapal, the world’s first ever sea-floating banking service. Then, in 2016, a new history was made. On June 18, 2016 18:38 pm Kourou time, French Guiana, BRI launched BRIsat, making it the first bank in the world that owns and operates its own satellite. The procurement of this satellite was part of BRI’s strategic plan to strengthen the supporting infrastructure for digital services of the future, which could offer quality banking technology from the center of the city to the remote areas of the nation.

In order to provide the best service for customers, BRI increased the number of ATM machines up to 22,684 units, the number of EDC of 284.425 units, as well as the number of CRM of 2,609 units, including 401,550 BRILink agents. These E-channel networks spread across Indonesia are the evidence of BRI consistency in reaching the then unreachable.

BRI continues to expand its network. To strengthen its business existence in the global arena, BRI opened overseas units. In 2015, BRI opened an overseas branch office in Singapore, following the existing overseas unit, such as BRI New York Agency, BRI Cayman Island Branch, Hong Kong Representative Office, and BRI Remittance Hong Kong. In 2017, BRI opened a branch office in Timor Leste

To address the market developments and the diversity of people’s needs for financial products and services, BRI has a target to become an integrated financial service group, namely a group of companies that provide various financial services to its customers, in banking, insurance, remittance and other financial services.

BRI’s elaboration on financing segments became more visible in 2015, as BRI added new members engaging in insurance business by acquiring PT Asuransi Jiwa Bringin Jiwa Sejahtera (Bringin Life) and then in 2016 increasing its capital participation in PT BTMU-BRI Finance from 45% to 99% thereby BRI became the controlling shareholder. Upon completion of this process, PT BTMU BRI Finance later renamed as PT BRI Multifinance Indonesia.

Every corporate action and work plan is part of BRI’s effort in providing complete banking services to its customers, especially the MSME sector. Following the presence of BRIsat, BRI now can maximize its digital banking services. A number of digital initiatives for MSME have been in operation since 2016, from the development of Teras BRI Digital, e-Pasar, and the launch of co-working space. This is continued in 2017 by launching the Indonesia Mall and organizing the Cowork Festival. All initiatives for MSME are carried out to create superior MSME in the era of digital economy.

BRI also begins operating the Overseas Unit at Timor Leste in 2017, and officially launched Teras BRI Kapal Bahtera Seva II and Teras BRI Kapal Bahtera Seva III to reach the communities in the coastal areas of Labuan Bajo and Halmahera.

In 2017, BRI convened the Extraordinary General Meeting of Shareholders on 18 October 2017 that has approved the stock split from previously Rp250 per share to Rp50 per share (Ratio 1:5). The share was initially traded on 10 November 2017, at the same time of the 14th Anniversary of BRI shares listed at the stock exchange..

To develop the MSME sector, BRI is continually committed to provide convenience in banking services in particular through digital banking innovation. To that end, since 2017 BRI has launched BRISPOT and continuing its performance in 2018. BRISPOT is a mobile-based apps with a one stop service concept developed for Mantri-Loan officers for end-toend lending process.

In 2018, to enhance services to the customers, BRI launched the Artificial Intelligence called Sabrina as BRI New Assistance to facilitate the customers in obtaining information on Bank BRI.

In addition, BRI encouraged the MSME to go digital by launching the Indonesia Mall, cooperated with the market place startups thereby providing the MSME communities the opportunities to sell their products in wider market. BRI also launched the BRI Institute as real engagement of Bank BRI in the National Capacity Building for MSME segment.

As an entity, BRI Group is a financial group providing comprehensive financial services, from conventional to sharia banking services, insurance and multifinance. This is in line with the BRI corporate plan 2018-2022 to achieve aspirations as an integrated financial services provider.

To accomplish this aspirations, BRI on December 2018 has exercised three new equity investments, which are 2 (two) new subsidiaries – PT BRI Ventura Investama (BRI Venture) and PT Danareksa Sekuritas (DS), as well as in PT Danareksa Investment Management (DIM).

BRI Venture will be developed as the Corporate Venture Capital (CVC) for strategic investment especially toward growth-stage startup companies that have synergy potential with BRI Group and/or capital gain potentials.

On these equity investments, total Subsidiaries of BRI become 7 (seven) Subsidiaries, namely Sharia (BRI Syariah), Conventional Bank (BRI Agro), Remittance (BRI Remittance), Insuranse (BRI Life), Multifinance (BRI Finance), Venture Capital (BRI Ventures), and Securities (Danareksa Sekuritas).

These initiatives are undertaken to continue realizing the aspiration to be an excellent banking in the current digital economy.

List of Subsidiaries and/or Associates
Name of Company Line of Business Date of BRI Investment Percentage of BRI Ownership (%) Date of Operations Commencement Address
PT Bank BRISyariah (BRI Syariah) Sharia commercial bank 19 December 2007 73.00% 16 October 2008
In operation
Jl. Abdul Muis No. 2-4, Jakarta
PT Bank Rakyat Indonesia Agroniaga Tbk (BRI Agro) National Commercial Banks 3 March 2011 87.10% 8 February 1990
In operation
Gedung BRI Agro
Jl. Warung Jati Barat No. 139 Jakarta 12740
PT BRI Multifinance Indonesia (BRI Finance) Financing 16 December 2011 99.00% 7 April 2005
In operation
Wisma 46 Lantai 10-Kota BNI, Jalan Jenderal Sudirman Kav. 1 Jakarta
PT Asuransi BRI Life (BRI Life) Life Insurance Company 14 December 2015 91.00% 28 October 1987
In operation
Graha Irama lt.2,5,7,11 & 15,
Jl. H.R. Rasuna Said Blok X-1 Kav. 1 & 2, Jakarta 12950, Indonesia
PT Danareksa Sekuritas (DS) Securities Underwriters and Securities Brokers 21 December 2018 67.00% 1 July 1992
In operation
Gedung Danareksa Lantai 2,
Jl. Medan Merdeka Selatan No. 14 , Jakarta 10110
PT BRI Ventura Investama (BRI Ventures) Venture Capital Company 20 December 2018 97.61% 22 January 1998
In operation
Gedung Ad Premier Lt 6
Jl. TB Simatupang No.5, RT.5/RW.7, Ragunan, Ps. Minggu, Jakarta 12550
BRI Remittance Co. Ltd. (BRI Remittance) Remittance 1 August 1983 100% 1 August 1983
In operation
Room 1115, 11/F, Lippo Center, Tower II, 89 Queensway, Admiralty, Hong Kong
PT BahanaArtha Ventura Venture Capital 21 November 2017 35% 5 August 1992
In operation
GrahaNiaga Lt 20 Jl Jendral Sudirman Kav 58 Jakarta 12190 Indonesia
PT Danareksa Investment Management (DIM) Securities Investment Managers 20 December 2018 35% 9 October 1992
In operation
Gedung Danareksa Lantai 1,
Jl. Medan Merdeka Selatan No. 14 , Jakarta 10110
PT Sarana Bersama Pengembangan Indonesia (SBPI) Investment 1 June 1981 8% 27 October 1981
In operation
Setiabudi 2 Building, Suite 502A
Jl. HR Rasuna Said Kav 62 Kuningan Jakarta Selatan 12920
PT Kustodian Sentral Efek Indonesia (KSEI) Securities Settlement Institution 5 December 1997 3% 11 November 1998
In operation
Gedung Bursa Efek Jakarta Tower I, 5th Floor,
JL. Jend Sudirman Kav 52-53, Jakarta 12190
PT Pemeringkat Efek Indonesia (Pefindo) Securities Rating 15 June 1995 0.21% 21 December 1993
In operation
Panin Tower Senayan City, 17th Floor,
Jl. Asia Afrika Lot.19, Gelora, Jakarta 12220