PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) is implementing a buyback 
of its shares to a maximum total value of IDR 3 trillion from 1 March 2022 
until 31 August 2023. BRI obtained the approval from its shareholders to carry 
out the buyback through the Annual General Meeting of Shareholders (AGM) on 1 
March 2022, in accordance with the Disclosure of Information, where the shares 
will be used for the BRI employees.

BRI President Director Sunarso said that the company already considered the 
liquidity condition so as not to disrupt the company's finances. "The buyback 
of BRI shares is projected to increase the motivation of BRI's employees to be 
more optimal in achieving targets, thus increasing the company's performance."

"In addition, the buyback will be used for the need of treasury stock, which 
will ultimately be used as long-term performance incentives for high-performing 
employees. We see that BRI's share price is still undervalued, especially 
compared to the company's performance achievements. This affirms us to continue 
to do the buyback," added BRI Finance Director Viviana Dyah Ayu.

CSA Research Institute Senior Analyst, also the Secretary General of the 
Indonesian Securities Analysts Association (AAEI) Reza Priyambada is optimistic 
about the corporate action that illustrates BRI's management strategy for 
economic recovery and projected future performance in Indonesia. The buyback 
will support the company's growth as employees will be more motivated if they 
own shares of the company. "This will further support BRI's growth if we 
believe this economic recovery will continue, and the Indonesians are 
persistent with their work."

BRI's positive performance was reflected in a recorded net profit of IDR 24.88 
trillion or grew 98.38% year-on-year (YoY) in Q1 2022. Meanwhile, total assets 
increased 6.37% YoY to IDR1,652.84 trillion. On a consolidated basis, lending 
reached IDR1,104.79 trillion or grew 8.75% YoY.

BRI's MSME loan portfolio grew 9.81% from IDR 837.82 trillion in June 2021 to 
IDR 920 trillion in June 2022, which increased the proportion of MSME loans to 
83.27% of the total financing portfolio.

This achievement was accompanied by sound risk management, with a consolidated 
non-performing loan (NPL) ratio maintained at 3.26%. BRI's management also has 
prepared anticipatory measures for potential loan quality deterioration, with 
an NPL coverage of 266.26%.

For more information, visit www.bri.co.id (http://www.bri.co.id/).

SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

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