Bank Rakyat Indonesia
| Bank Rakyat Indonesia
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|---|---|
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| legal form | Tbk. |
| ISIN | ID1000118201 |
| founding | 1895 |
| Seat | Jakarta |
| Branch | Finances |
| Website | http://www.bri.co.id |
The Bank Rakyat Indonesia (BRI) is one of the major banks in Indonesia , and also the most profitable. It has around 30 million retail customers who are served in over 4,000 branches and rural branch offices. This makes it one of the largest microfinance providers worldwide and one of the pioneers in this area.
The proportion of business customers is relatively small. Originally, the bank was 100 percent owned by the Indonesian state until 30 percent of the shares were sold through an IPO in 2003 . The company is listed in the LQ-45 share index.
History of the BRI
The history of the bank goes back to “De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden”, a bank from the Dutch colonial era , founded in Purwokerto in Central Java in 1895 . After various name changes, it was nationalized in 1945 as part of independence. The BRI was hardly affected by the 1997 banking crisis because its international business is relatively small. Since 1998, when the reform process began, the state has withdrawn more and more from managing the bank.
Methods
The BRI is divided into the four business areas Microfinance ( Micro Banking ), Retail Banking, Corporate Banking and Investment Banking .
The microfinance segment offers several micro-savings products for urban and rural micro-customers and a micro-credit program with loans between 25,000 rupees (US $ 3) and 50,000,000 rupees (5,000 US $).
The BRI as a microfinance provider and development policy actor
In 1970 around 3,600 Unit Desas (German village banks) were created as part of a state program to support the Green Revolution . The village banks were also used to distribute state- subsidized small loans, but this failed. In 1984 these village banks were then restructured into independent small banks with the aim of mobilizing the savings of the rural population and granting self-sustaining microcredits.
The BRI is not a state body to fight poverty . The middle to upper part of the poor population in terms of income makes up a large part of the clientele. Government programs to reduce poverty, such as "The Income Generating Program for Small Farmers and Fishermen", are implemented through the BRI.
Together with Grameen Bank and Banco Sol in Latin America, BRI is one of the world's largest microfinance banks.