BRI

Retail Asia14/01/2020

Indonesia’s first digital bank, Bank Rakyat Indonesia announced on Monday that it has earmarked $1 million for Indonesia Mall, an early-stage assisted e-commerce program that aims to help small enterprises open new revenue channels by participating in the online retail market. To serve the growing numbers of micro and small-medium enterprises (MSMEs) populated by the […]

Retail Asia08/01/2019

Bank Rakyat Indonesia, Indonesia’s biggest state-owned lender, started the year with key strategic announcements, including an alliance with Chinese payment platform Alipay and plans to acquire a local insurance company and a small lender. BRI signed a memorandum of understanding with Alipay, a subsidiary of Chinese technology giant Alibaba, on Thursday to secure an opportunity to serve the […]

Retail Asia22/10/2018

HSBC Singapore appointed Mukhtar Hussain as chairman effective this week, the company said in a statement. The local subsidiary of HSBC includes the retail banking and wealth management business in the city-state. It was formed when the bank incorporated its retail operations in May 2016. «Mukhtar’s presence, experience and counsel will go a long way […]

Retail Asia26/09/2018

In a bid to expand their customer base, state-owned lender Bank Rakyat Indonesia (BRI) and private lender Bank Central Asia (BCA) have invested in new digital banking products. BRI director Indra Utoyo said the new product was slated to launch before the end of the year. “Our new digital banking product will offer micro, retail […]

Retail Asia11/05/2018

Bank BRI Syariah has been listed as an issuer at the Indonesia Stock Exchange today, May 9. With the code BRIS, BRI released more than 2.6 billion new shares or 27 percent of its paid up capital. BRIS IPO price was set at Rp510 per share. The SOE Ministry’s deputy for restructuring and business development […]

Retail Asia01/02/2017

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State-owned lender Bank Rakyat Indonesia (BRI) last year posted a net profit of Rp25.8 trillion, up 2.18 percent from a year earlier. The profit growth was attributable to the banks prudential efforts as indicated by a rise in the ratio of reserves to non-performing loans to 170.53 percent in 2016 from 151 percent in 2015. […]

Retail Asia23/11/2016

PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) and PT JCB International Indonesia, a subsidiary of JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. (collectively “JCB”), today announced the launch of the BRI JCB Platinum Credit Card in the BRI JCB Indonesia Open 2016. The card will be ready in the market […]

Retail Asia13/10/2016

PT Bank BRI Syariah, a sharia compliant subsidiary of state lender Bank Rakyat Indonesia, plans to conduct an initial public offering (IPO) of its shares in 2018 to boost alternative funding sources. “During the IPO we will float our shares worth Rp1 trillion to the stock exchange,” BRI Syariah President Director Moch. hadi Santoso said […]

Retail Asia08/06/2016

Bank Rakyat Indonesia (BRI) has been revamping its digital banking services as part of its “cashless society” program and in support of the central bank’s Non-Cash Payment Movement (GNNT), a senior BRI official said last week. BRI Consumer Director Sis Apik Wijayanto said the top small-business lender intends to reduce cash to a minimum for […]

Retail Asia04/02/2016

PT Bank Rakyat Indonesia Tbk. made a net profit of Rp25.2 trillion in 2015, representing a 4.5 percent growth from Rp24.2 trillion it made in the previous year. “The growth is driven by an increase in the interest income that reached Rp82.2 trillion, reflecting a growth of 13.5 percent from the previous year,” the state-owned […]

Retail Asia07/08/2015

State-owned Bank Rakyat Indonesia (BRI) will provide syndicated loans as part of a strategy to attract Indonesian companies following the opening of the lender’s branch office in Singapore. The lender will allocate at least US$100 million in the first year to Indonesian companies that are seeking offshore funding, an executive says. “We are aiming to […]

Retail Asia06/08/2015

Bank Rakyat Indonesia (BRI) has launched a floating bank to make banking accessible to people residing in remote islands or coastal areas. The bank which has been named Teras BRI Kapal will currently provide its services to the Thousand Islands regency off north Jakarta. Its services would cover six islands including Pramuka Island, Tidung Island, […]

Tag: BRI

Bank Rakyat Indonesia Earmarks Funds For E-commerce

Indonesia’s BRI Signs Partnership Agreement With Alipay

HSBC Appoints New Chairman for Singapore

BRI, BCA unveil new digital banking products for Indonesia

BRI Syariah Floats 2.6bn Shares for Rp510/unit

BRI posts net profit of Rp25.8 trillion

BRI Launches JCB Platinum Credit Card for Travelers

BRI Syariah plans to conduct IPO

BRI Goes Digital for Cashless Society Program

BRI records net profit of Rp25.2 trillion

BRI eyes syndicated loans as it opens Singapore branch

Bank Rakyat Indonesia launches country’s first floating bank