JAKARTA. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) or BRI recorded net profit growth of 75.53% year-on-year (yoy) in 2021 to IDR 32.22 trillion.
The net profit growth of BRI is supported by the collected third-party funds of IDR 1,138.74 trillion, based on the recently released financial report. Specifically, 63.08% of the total third-party funds originated from current account saving accounts (CASA).
Along with the entire third-party funds, BRI also channelled credits of IDR 1,043.87 trillion. The credits distributed to the micro, small, and medium enterprises (MSMEs) were still the primary receiver of BRI credits in 2021, covering 83.86% of the total credits.
Meanwhile, BRI credits channelled to corporates totalled IDR 168.27 trillion, while consumer credits amounted to IDR 389.23 trillion.
BRI’s total consolidated assets until December 31, 2021, reached IDR 1,678.10 trillion. Meanwhile, another IDR 1,572.76 trillion were categorised as bank-only assets, which reported experiencing 10.62% yoy growth.
BRI’s assets growth also entailed improvements in assets quality, indicated by the net non-performing loan (NPL) ratio that arrived at 0.70% in 2021. In the previous fiscal year 2020, its net NPL ratio was at 0.80%. (KR/ZH)