PT Bank Rakyat Indonesia Tbk. (BBRI) managed to record impressive performance in 2022 by scoring a profit of Rp 51.5 trillion. The profit was recorded at a height of 67.15% compared to the achievement of 2021. BRI President Director Sunarso said, one of which was not separated from the strategic response by the company. Cost of Fund efficiency is reflected in an increase in cheap funds or CASA which rose to 66.76% in 2022 from the previous year 63%.
“This incision is the success of various efficiency programs, especially the emphasis of cost of funds. This is what reduces the cost of funds to 1.87%,” he said, Wednesday (8/2/2023).
In 2022 the total BRI credit distribution reached Rp 1,139, 08 trillion, while third party funds (DPK) grew 14.85 percent to 1,307.88 trillion. BRI total assets reached Rp 1,865.64 trillion, up 11.18 percent. BRI recorded interest income of Rp 151.8 trillion, up 5.8 percent on an annual basis. Of this amount, BRI net interest income (Net Interest/NII) increased from Rp114.1 trillion in the previous year which was Rp124.6 trillion or an increase of 9.2 percent yoy. From the additional opinion of the clean premium, BRI has improved the increase in operational obstruction to Rp126.2 trillion.
Based on the company’s important ratio, BRI also recorded an impressive Bottom Line performance throughout 2022. Noted, the rate of return on assets (ROA) rose 104 basis points (BPS) to 3.76%. Then, the rate of return on equity (ROE) grows faster, which is 406 bps to 20.93%. ROE is a yield printed by the company for shareholders. ROE is determined by the company’s ability to produce profitability or profit margins, asset productivity to generate income, as well as managing the use of debt optimally by the company.
February 8, 2023, detikFinance
(https://www.thejakartapost.com/business/2023/02/06/indonesias-gdp-growth-reaches-decade-high.html)