REPUBLIKA.CO.ID, JAKARTA -- Indonesia's biggest bank, PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is committed to continue supporting the growth of the national economy. It is promoting job creation, especially in the MSME segment through the provision of qualified credit.
Until the end of March 2024, BRI managed to distribute credit amounting to Rp 1,308.65 trillion or double digit growth of 10.89 percent, year on year. As much 83.25 percent of them or Rp 1,089.41 trillion is a loan portfolio for the MSME segment. This double digits growth impacted on the increasing assets, it reached Rp 1,989.07 trillion or grew 9.11percent yoy.
“BRI believes that the company's continued empowerment to the MSME segment has an impact on the sustainability of the national economy, given that SMEs play a role in about 97 percent of job creation in Indonesia and contribute 61 percent of GDP,” explained BRI Deputy Managing Director Catur Budi Harto in the Press Conference on BRI QI/2024 online on Thursday (25/4/2024).
When detailed, all BRI loan segments recorded positive growth, micro segment recorded growth of 10.51 percent yoy to Rp 622.61 trillion, consumer segment grew 11.62 percent yoy to Rp 193.96 trillion, small and medium segment grew 8.06 percent yoy to Rp 272.85 trillion and corporate segment grew 15.10 percent yoy to Rp 219.24 trillion.
Although it is able to encourage double digit growth in credit distribution, in fact, the Company is still able to maintain the quality of the credit it provides. Until the end of the first quarter of 2024, the BRI controlled Non Performing Loan (NPL) ratio was in the range of 3.11 percent with the Loan at Risk (LAR) ratio improving, from 16.39 percent at the end of the first quarter of 2023 to 12.70 percent at the end of the first quarter of 2024.
“As the bank with the largest portfolio in the MSME segment, the NPL in the 3 percent range is a clear proof that BRI is able to maintain its credit quality well through the application of prudent risk management principles,” he added.
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