Business Summary Bank Rakyat Indonesia (BRI) offers a whole range of banking products and services, which include saving products, loan products (particularly micro credit, small commercial loans and consumer credit), e-banking, international business services and Islamic (Sharia) banking. The company operates seven levels of service offices, consisting of its head office, 18 regional offices, 446 branch offices (including three overseas offices), 545 sub-branch offices, 914 cash offices, 5,000 BRI units, 1,778 teras BRI (sub-micro outlets), and 350 mobile teras BRI outlets.
PT Bank Rakyat Indonesia (Persero) Tbk is an Indonesia-based company primarily engaged in banking sector. It operates under the name Bank BRI. Payment Schedule Personal Financing-i Civil Servant Floating Rate - Salary Transfer To Bank Rakyat Payment Schedule Personal Financing-i Civil Servant Fixed Rate The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018.
Number of employees 60,553 (2018) Website 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. It specialises in small scale and 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. BRI is the oldest bank in Indonesia, tracing back since 1896. It is currently 70% (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. History BRI was founded in 1895, during the 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,.
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, including a further name change to Shomin Ginkou (People's Bank). After the Indonesian declaration of independence, on 17 August 1945 the bank was officially 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 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 practices. As part of the (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 accords, as mandated by, 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. In April 2014, BRI contracted with and to, respectively, build and launch their first, a 3,500 lb (1,600 kg) and spacecraft dubbed BRIsat, and on 18 June 2016, 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. References.