News

Retail Banking

Staff Reporter

, Indonesia

Published:

3 months ago

Photo by Mesin Keith via Wikimedia Commons. Not edits made except for cropping for photo. Source: https://creativecommons.org/licenses/by-sa/4.0/deed.en

BRI reports $1.83b (IDR29.9t) profit in Q2

President director Sunarso hailed their credit distribution and DPK.

PT Bank Rakyat Indonesia (BRI) reported a profit of IDR29.9t (approximately $1.835b) for the second quarter of 2024.

BRI President Director Sunarso attributed the performance to “double-digit growth in credit distribution and Third-Party Funds (DPK),” according to a press release.

BRI’s credit distribution expanded to IDR1,336.78t ($82.06t) during the quarter, 11.2% higher compared to Q2 2023, Sunarso told reporters during a press conference announcing the bank’s financial performance.

BRI's DPK grew by 11.61% to IDR 1,389.66t ($85.31b) in Q2 compared to Q2 2023. CASA funds rose 7.66% to IDR 877.9t over the same period.

Fee income grew 10.15% to IDR11.26t ($691.21m).

Sunarso expressed optimism for the second half of 2024, saying that the BRI has “strong liquidity and capital conditions.” This will provide further room for growth, he said.

(US$1 = IDR16,291.55; as of 31 July 2024, 11:45AM)

Also Read

AusPayNet welcomes Aussie gov’t retirement of cheques by 2029

Japan Post Bank posts $1.44b net income for H1 FY2025/3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit