REPUBLIKA.CO.ID, JAKARTA -- BRILink, branchless banking of PT Bank Rakyat Indonesia Tbk (BRI) contributes significant performance, reflected by the consistently increasing fee-based income.

“The existence of Agenbrilink also contributes greatly to BRI's Fee Based Income performance. During January-March 2024, the agency managed to register 285 million financial transactions with a transaction volume of IDR 370 trillion and contributed Fee Based Income to BRI worth Rp 395 billion. By the end of March 2024, BRI alone had 796,836 agents spread across 61,122 villages all over Indonesia,” said Deputy Managing Director of BRI Catur Budi Harto in the QI/2024 Performance Presentation Press Conference on Thursday (25/4/2024).

From the operational side, the company is able to continuously improve its operational efficiency. This is reflected by the ever-improving Cost to Income Ratio (CIR). The BRI CIR at the end of March 2024 recorded 37.43 percent or better than the CIR at the end of March 2023 which was 41.83 percent.

“The decline in CIR shows that BRI manages costs effectively and efficiently in generating revenue,” he added.

With positive performance in the first three months of 2024, BRI confidently pursuing sustainable growth, by promoting prudential banking principles, as well as good risk management amid the dynamics of global economic and geopolitical conditions that need to be watched. BRI will focus more on responding to domestic challenges, especially through the empowerment of SMEs,” said Catur.

Amid the dynamics of global economic and geopolitical conditions fraught with challenges, Bank Rakyat Indonesia (BRI) posted consolidated net profit attributable to owners of IDR 15.98 trillion in the first quarter of 2024. This figure grew by 2.69 percent on an annual basis (yoy) compared to the first quarter of 2023, i.e. IDR 15.56 trillion.

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