JAKARTA-
The net profit of Bank Rakyat Indonesia (BRI) (JSX:BBRI) shot up 25.1 per cent year-on-year to Rp5.3 trillion (US$570 million) in the first nine months of this year on strong growth of net interest income.
The state lender posted a 13.6 per cent rise in net interest income to Rp16.69 trillion thanks to a surge in credit expansion as against cost of fund of Rp9.05 trillion.
The bank posted a 26.9 per cent increase in outstanding credit by the end of the nine month period to Rp219.56 trillion.
A stronger increase of 96.14 per cent was recorded in fee based income and other operating income to Rp2.72 trillion, the newspaper Bisnis Indonesia reported.
BRI President Sofyan Basir said the bank posted an increase in net profit when its net interest margin was cut to 9.21 per cent from 10.61 per cent.
Showing posts with label Bank Rakyat Indonesia. Show all posts
Showing posts with label Bank Rakyat Indonesia. Show all posts
Tuesday, November 3, 2009
Friday, October 30, 2009
BANK RAKYAT INDONESIA HIKES ITS BOND VALUE TO US$321 MLN
JAKARTA-
PT Bank Rakyat Indonesia (BRI)(JSX:BBRI), a publicly traded lender, said it will raise the value of bonds it plans to issue to Rp3 trillion (US$321 million) from Rp2 trillion set earlier.
The state bank, however, is still awaiting a go ahead from the capital market watchdog Bapepam to issue the bond scheduled for next month or December.
BRI Director Abdul Salam said the improved condition of the market prompted the bank management to raise the value.
With the bond fund, BRI hoped to maintain a safe capital adequacy ratio at 15 per cent, Salam said.
In June BRI's CAR was 14 per cent and the level was believed to have declined with dividend paid to the government.
PT Bank Rakyat Indonesia (BRI)(JSX:BBRI), a publicly traded lender, said it will raise the value of bonds it plans to issue to Rp3 trillion (US$321 million) from Rp2 trillion set earlier.
The state bank, however, is still awaiting a go ahead from the capital market watchdog Bapepam to issue the bond scheduled for next month or December.
BRI Director Abdul Salam said the improved condition of the market prompted the bank management to raise the value.
With the bond fund, BRI hoped to maintain a safe capital adequacy ratio at 15 per cent, Salam said.
In June BRI's CAR was 14 per cent and the level was believed to have declined with dividend paid to the government.
Friday, August 21, 2009
EAST JAVA BRANCH OF BRI SET TO CHALK UP US$200 MLN IN NET PROFIT
JAKARTA - The East Java branch of Bank Rakyat Indonesia (BRI) has decided to increase its net profit target to Rp2 trillion (US$200 million) on this year.
The target is increased from Rp1.7 trillion set earlier or the same as its profit in 2008, on growing demands for credit, Heru Sukanto, head of the branch office of the state bank, said.
The optimism is based on the performance of the bank branch, which recorded Rp904 billion in net profit in the first half of the year, he told the newspaper Investor Daily.
Heru said demands for credits especially from small and medium enterprises grew after the recent commissioning of the country's longest bridge spanning the sea between Surabaya and the island of Madura. Aug 20, 2009
The target is increased from Rp1.7 trillion set earlier or the same as its profit in 2008, on growing demands for credit, Heru Sukanto, head of the branch office of the state bank, said.
The optimism is based on the performance of the bank branch, which recorded Rp904 billion in net profit in the first half of the year, he told the newspaper Investor Daily.
Heru said demands for credits especially from small and medium enterprises grew after the recent commissioning of the country's longest bridge spanning the sea between Surabaya and the island of Madura. Aug 20, 2009
Monday, July 27, 2009
BANK RAKYAT INDONESIA SET TO ACQUIRE BANK BUKOPIN
JAKARTA-
PT Bank Rakyat Indonesia (BRI) (JSX:BBRI) said it was eyeing several banks including PT Bank Bukopin (JSX:BBKP) to support its plans to consolidate its business in Indonesia's retail sector.
Sofyan Basir, the president of the state lender, said the bank has enough cash to buy a mid-sized bank with strong credit market in small and medium enterprise and consumer business sector.
Discussion is in progress on acquisition of Bank Bkopin, which is partly owned by the government, Basir was quoted as saying by the newspaper Jakarta Globe.
A source at the office of the state minister for state enterprises said BRI, Indonesia's second largest bank in assets, was set to finalize the acquisition of Bukopin by the end of this year.
PT Bank Rakyat Indonesia (BRI) (JSX:BBRI) said it was eyeing several banks including PT Bank Bukopin (JSX:BBKP) to support its plans to consolidate its business in Indonesia's retail sector.
Sofyan Basir, the president of the state lender, said the bank has enough cash to buy a mid-sized bank with strong credit market in small and medium enterprise and consumer business sector.
Discussion is in progress on acquisition of Bank Bkopin, which is partly owned by the government, Basir was quoted as saying by the newspaper Jakarta Globe.
A source at the office of the state minister for state enterprises said BRI, Indonesia's second largest bank in assets, was set to finalize the acquisition of Bukopin by the end of this year.
Thursday, July 16, 2009
BANK RAKYAT INDONESIA EYEING PT BANK BUKOPIN
JAKARTA-
The management of state bank, Bank Rakyat Indonesia (BRI), is eyeing PT Bank Bukopin (JSX:BBKP), a bank partly owned by the government.
There has been no official talk with Bukopin, but BRI is optimistic the process would go smoothly, BRI director Bambang Supeno said.
BRI failed in its attempt to acquire Bank Tabungan Negara (BTN), another state bank, as the plan was rejected by the House of Representatives.
A decision would be made after a new cabinet was formed following last week's presidential election, Bambang said.
BRI chief commissioner Bunasor Sanim said the bank management had proposed the plan to acquire Bukopin to the board of commissioners.
The management of state bank, Bank Rakyat Indonesia (BRI), is eyeing PT Bank Bukopin (JSX:BBKP), a bank partly owned by the government.
There has been no official talk with Bukopin, but BRI is optimistic the process would go smoothly, BRI director Bambang Supeno said.
BRI failed in its attempt to acquire Bank Tabungan Negara (BTN), another state bank, as the plan was rejected by the House of Representatives.
A decision would be made after a new cabinet was formed following last week's presidential election, Bambang said.
BRI chief commissioner Bunasor Sanim said the bank management had proposed the plan to acquire Bukopin to the board of commissioners.
BRI SAYS MAY BUY STAKE IN BUKOPIN
JAKARTA-
Indonesia's second-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), is considering buying a stake in lender PT Bank Bukopin, Compliance Director Bambang Supeno said.
Indonesia's second-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), is considering buying a stake in lender PT Bank Bukopin, Compliance Director Bambang Supeno said.
Thursday, July 2, 2009
BRI Disbursed Rp 20 Trillion to State Companies
JAKARTA- Bank Rakyat Indonesia (BRI) said it disbursed Rp20 trillion out of Rp30 trillion (US$3 billion) in new credits approved by the state lender to other state companies in the first half of this year.
Sofyan Basir the president of the state lender said demand for credits was weak and the bank management is more selective in disbursing new credits.
Sofyan said BRI has pledged new credits to 60 borrowers among state companies this year including those operating in telecommunications, electricity, and cement sectors.
He said all of the credits are syndicated involving mainly other major state banks like Bank Negara Indonesia and Bank Mandiri.
Sofyan Basir the president of the state lender said demand for credits was weak and the bank management is more selective in disbursing new credits.
Sofyan said BRI has pledged new credits to 60 borrowers among state companies this year including those operating in telecommunications, electricity, and cement sectors.
He said all of the credits are syndicated involving mainly other major state banks like Bank Negara Indonesia and Bank Mandiri.
Monday, June 22, 2009
BANK RAKYAT INDONESIA TO ISSUE BONDS
ANYER, West Java-
PT Bank Rakyat Indonesia (BRI) plans to issue bonds worth no less than Rp2 trillion (US$194 million) in the second semester this year to increase its capital and credit distribution.
"We have already made preparations for it," the bank`s head of planning and strategy division, Irianto, said in a press gathering here on Saturday.
He said he still had yet to wait for the financial report for the first semester at the end of June before implementing the plan.
He said it would take around one and a half months or two months to audit the first semester`s financial report and therefore the issuance of the bonds would only be done after July.
Irianto said no decision had been made yet on whether the bond would mature in five or ten years.
He said BRI had actually planned to issue bonds several semesters before but because economic conditions were not supportive the plan had been delayed.
The bank`s head of investor relationship desk, Haru Koesmahargiyo, said BRI until March 2009 still performed well growing above the average national banks.
"BRI`s assets grew 24.78 percent, third party funds up 27.23 percent and credit rose 39.51 percent while profit increased 22.02 percent," he said.
Haru said the value of BRI`s asssets reached Rp250.14 trillion while its outstanding credit Rp165.23 trillion, third-party funds Rp203.11 trillion and net profit Rp1.72 trillion.
The bank`s capital adequacy ratio was recorded at 14.91 percent while its non-performing loan 3.24 percent and its loan to deposit ratio at 81.35 percent.
PT Bank Rakyat Indonesia (BRI) plans to issue bonds worth no less than Rp2 trillion (US$194 million) in the second semester this year to increase its capital and credit distribution.
"We have already made preparations for it," the bank`s head of planning and strategy division, Irianto, said in a press gathering here on Saturday.
He said he still had yet to wait for the financial report for the first semester at the end of June before implementing the plan.
He said it would take around one and a half months or two months to audit the first semester`s financial report and therefore the issuance of the bonds would only be done after July.
Irianto said no decision had been made yet on whether the bond would mature in five or ten years.
He said BRI had actually planned to issue bonds several semesters before but because economic conditions were not supportive the plan had been delayed.
The bank`s head of investor relationship desk, Haru Koesmahargiyo, said BRI until March 2009 still performed well growing above the average national banks.
"BRI`s assets grew 24.78 percent, third party funds up 27.23 percent and credit rose 39.51 percent while profit increased 22.02 percent," he said.
Haru said the value of BRI`s asssets reached Rp250.14 trillion while its outstanding credit Rp165.23 trillion, third-party funds Rp203.11 trillion and net profit Rp1.72 trillion.
The bank`s capital adequacy ratio was recorded at 14.91 percent while its non-performing loan 3.24 percent and its loan to deposit ratio at 81.35 percent.
Saturday, May 30, 2009
INDONESIA'S BRI LEADS CONSORTIUM TO BUILD POWER PLANTS
JAKARTA, May 29, 2009
A consortium of Indonesian banks led by Bank Rakyat Indonesia (BRI) (JSX:BBRI) has pledged a loan of US$328 million for state electricity company PLN.
The loan fund will be used to finance the construction of coal-fired power plants in Pangkalan Susu North Sumatra and in Tarahan in South Lampung, PLN vice president Rudiantara said.
The two projects are part of PLN's crash program to build coal-fired power plants with a total capacity of 10,000 megawatts to be completed next year, the newspaper Bisnis Indonesia said.
The Pangkala Susu plant will have a capacity of 400 MW to be built by a consortium of Chuan Dong China, PT Bagus Karya Jakarta and PT Nicek Bandung at a cost of US$270 million.
The one in Tarahan will have a capacity of 200 MW to be built by Jiangxi Electric Power Overseas Engineering from China and PT Adhi Karya to cost around US$154.27 million and Rp595.1 billion.
A consortium of Indonesian banks led by Bank Rakyat Indonesia (BRI) (JSX:BBRI) has pledged a loan of US$328 million for state electricity company PLN.
The loan fund will be used to finance the construction of coal-fired power plants in Pangkalan Susu North Sumatra and in Tarahan in South Lampung, PLN vice president Rudiantara said.
The two projects are part of PLN's crash program to build coal-fired power plants with a total capacity of 10,000 megawatts to be completed next year, the newspaper Bisnis Indonesia said.
The Pangkala Susu plant will have a capacity of 400 MW to be built by a consortium of Chuan Dong China, PT Bagus Karya Jakarta and PT Nicek Bandung at a cost of US$270 million.
The one in Tarahan will have a capacity of 200 MW to be built by Jiangxi Electric Power Overseas Engineering from China and PT Adhi Karya to cost around US$154.27 million and Rp595.1 billion.
Friday, April 10, 2009
BANK RAKYAT INDONESIA TO ROLL OUT 4,000 NEW ATMS
JAKARTA, Apr 08, 2009 - Publicly traded bank, PT Bank Rakyat Indonesia (BRI) (JSX:BBRI) said it will have 4,000 new units of automatic teller machines (ATM) this year.
With the additional units the state bank will have 6,700 units of ATM or the largest owned by a bank in the country, the bank Operation Director Sarwono Sudarto said.
BRI, which recorded the largest net profit last year, also plans to build 1,500 new branch offices bringing the total number of its branches to 7,000 by the end of this year, Sudarto said.
He said the country's third largest bank by assets has an ambition to become the largest lender in the country with international standard service and quality.
With the additional units the state bank will have 6,700 units of ATM or the largest owned by a bank in the country, the bank Operation Director Sarwono Sudarto said.
BRI, which recorded the largest net profit last year, also plans to build 1,500 new branch offices bringing the total number of its branches to 7,000 by the end of this year, Sudarto said.
He said the country's third largest bank by assets has an ambition to become the largest lender in the country with international standard service and quality.
Wednesday, April 1, 2009
Indonesian third-largest bank BRI profit up by 23 pct in 2008
JAKARTA -
Indonesia's state-owned Bank Rakyat Indonesia or BRI net profit rose by 23 percent to 5.96 trillion rupiah (some 512.56 million U.S. dollars) last year compared with the year 2007, the bank said on Tuesday in its report. "Amid the global financial routs, the bank still shows its best performance," Director for Operation of the bank Sarwono Sudarto said here.
Banks in Indonesia have been expected to cut lending rate following the rate cut by 50 basis points to 7.75 percent recently to boost economic growth. March 31, 2009
Indonesia's state-owned Bank Rakyat Indonesia or BRI net profit rose by 23 percent to 5.96 trillion rupiah (some 512.56 million U.S. dollars) last year compared with the year 2007, the bank said on Tuesday in its report. "Amid the global financial routs, the bank still shows its best performance," Director for Operation of the bank Sarwono Sudarto said here.
Banks in Indonesia have been expected to cut lending rate following the rate cut by 50 basis points to 7.75 percent recently to boost economic growth. March 31, 2009
Indonesia's BRI says 2008 net profit up 23 pct
JAKARTA -
Indonesia's third-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), on Tuesday reported a 23 percent rise in 2008 net profit, beating analysts' forecasts.
The state-owned lender said in a statement that full-year net profit was 5.96 trillion rupiah ($516.9 million), compared to 4.84 trillion rupiah a year earlier.
Analysts polled by Reuters Estimates had forecast a net profit of 5.58 trillion rupiah. ($1=11530 Rupiah). March 30, 2009 by Reuters.
Indonesia's third-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), on Tuesday reported a 23 percent rise in 2008 net profit, beating analysts' forecasts.
The state-owned lender said in a statement that full-year net profit was 5.96 trillion rupiah ($516.9 million), compared to 4.84 trillion rupiah a year earlier.
Analysts polled by Reuters Estimates had forecast a net profit of 5.58 trillion rupiah. ($1=11530 Rupiah). March 30, 2009 by Reuters.
Wednesday, February 4, 2009
BANK RAKYAT INDONESIA POSTS 15% INCREASE IN NET PROFIT
JAKARTA - PT Bank Rakyat Indonesia (BRI) (JSX:BBRI) reported a 15 per cent increase in net profit to Rp5.5 trillion (US$500 million) in 2008 from Rp4.8 trillion in the previous year.
Abdul Salam, the finance director of the publicly traded state bank, said BRI achieved all its targets set for 2008.
Salam said, the bank's outstanding credits grew 40 per cent to Rp164 trillion in 2008 and this year it is set to see the credit to grow further by 20 per cent-25 per cent.
Credits are still dominated by ones for small and medium enterprises, which account for around 80 per cent of its total credits.
The country's largest lender in credit, now has a loan to deposit ratio (LDR) of 86 per cent with capital adequacy ratio (CAR) of 13.5 per cent, the newspaper Investor Daily said.
Salam said the bank plans to issue bonds valued at Rp300 billion in the second half of this year to keep the CAR from being reduced by credit expansion.
Abdul Salam, the finance director of the publicly traded state bank, said BRI achieved all its targets set for 2008.
Salam said, the bank's outstanding credits grew 40 per cent to Rp164 trillion in 2008 and this year it is set to see the credit to grow further by 20 per cent-25 per cent.
Credits are still dominated by ones for small and medium enterprises, which account for around 80 per cent of its total credits.
The country's largest lender in credit, now has a loan to deposit ratio (LDR) of 86 per cent with capital adequacy ratio (CAR) of 13.5 per cent, the newspaper Investor Daily said.
Salam said the bank plans to issue bonds valued at Rp300 billion in the second half of this year to keep the CAR from being reduced by credit expansion.
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