PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has implemented the 
BRIvolution 1.0 Transformation Program for the 2018 to 2022 period, focusing on 
the digital and culture areas, to digitize existing business processes and 
create new values through a new business model.

"The transformation of state-owned enterprises (SOEs) is not only for human 
capital, business models, and business processes, but also for consolidated 
financial statements as parts of corporate transparency and good corporate 
governance," said the Minister of SOEs Erick Thohir at the 2021 BUMN Portfolio 
Performance Press Conference in Jakarta, Indonesia, on 28 September 2022.

The transformation is proven to boost the performance of SOEs as seen from the 
financial report figures, such as an increase in revenue, the earnings before 
interest, taxes, depreciation, and amortization (EBITDA) margin, and a decrease 
in the ratio of debt to total investment.

BRI President Director Sunarso revealed, "The pandemic is a turning point for 
the BRIvolution 2.0 to become 'The Most Valuable Banking Group in Southeast 
Asia and Champion of Financial Inclusion' by 2025, which includes establishing 
Ultra-Micro Holding (UMi Holding) as a new source of growth, accelerating the 
current account saving account (CASA) growth, and accelerating digital 
transformation."

With BRISPOT, the micro credit booking process has increased from an average of 
IDR 2.5 trillion monthly over IDR 4 trillion. In addition, the credit process 
has become much faster, from previously taking two weeks to two days. Other 
examples include the BRILink Agent, with a transaction volume over IDR 1000 
trillion last year, and the BRImo, BRI's Super Apps, with a recorded 
significant growth during the pandemic of 20.2 million users and a transaction 
volume of IDR 1,567 trillion.

The transformation is carried out to build a performance-driven culture with a 
management information system supported by valid and accurate data. The system 
enables individuals and organizations to design and plan their own successes. 
BRI's task include preparing a platform for healthy competitions, a system, and 
rewards.

"By carrying out this transformation program, as one of the largest SOEs in 
Indonesia, BRI is optimistic in playing an important role in the economic 
recovery and the revival of the national economy," concluded Sunarso. 

For more information about Bank BRI, visit www.bri.co.id  

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: BRI Leads to an Outstanding Financial Performance Through Its 
Transformation