$

BBRI

BANK RAKYAT INDO
BBRI.JK
Last Price
3,990.00
09:14 GMT / 19 MAR 2019
Value Change [%]
-50.00
[(-1.24%)]
Volume
95,786,500
Open
4,040.00
Day's High
4,050.00
Year's High
4,050.00
Previous Close
4,040.00
Day's Low
3,970.00
Year's Low
2,720.00
Earnings Per Share
264.66
P/E Ratio
15.26
Lot Size
100
Div. Yield (%)
2.64
Dividend
106.75
Div. Pay Date
25 APR 2018
Ex-Div. Date
02 APR 2018
Last Trade
3990.00
Last Trade Time (GMT)
09:14
Last Trade 2
3980.00
Last Trade 3
3990.00
Volume
95,786,500
Turnover
382,208,551
Bid
3980.00
Bid Size
335,500
Ask
3990.00
Ask Size
4,695,700
Close Bid
3980.00
Close Ask
3990.00
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Bank Rakyat Indonesia (Persero) Tbk (the Bank) is an Indonesia-based financial institution. It is engaged in banking activities and its products and services include savings, loans, credits, treasury products and investment banking. The Bank's subsidiaries are PT Bank BRISyariah, PT Bank Agroniaga Tbk and BRIngin Remittance Co. Ltd.. As of December 31, 2011, it was supported by 18 regional offices, 14 inspection offices, 427 domestic branch offices, one special branch office, three overseas offices, 502 cash offices and 4,849 BRI units. The Bank has an international branch in Cayman Islands and two representative offices in New York and Hong Kong.

  • Market News
UPDATE 1-Indonesia set for mega bank shake-up in bid to create national champion
31 January 2019
source: reuters.com
    * Indonesia to finalise bank holding company in May
-minister
    * PT Danareksa will be set up to act as holding company
    * To oversee 40 pct of country's bank assets
    * Analysts see potential for efficiencies but warn on
competition

 (Adds comments of analysts, details of plan, and context)
    By Cindy Silviana
    JAKARTA, Jan 31 (Reuters) - Indonesia will finalize in May a
plan to put four state banks under a holding company, marking
the sector's biggest shake-up since the Asian financial crisis
as authorities try to create a lending powerhouse in Southeast
Asia's biggest economy. 
    PT Danareksa, a government-owned financial company, will be
set up to act as a holding company, State-Owned Enterprises
Minister Rini Soemarno told reporters on Wednesday.
    The four banks are Bank Mandiri  BMRI.JK , Bank Rakyat
Indonesia (BRI)  BBRI.JK , Bank Negara Indonesia (BNI)  BBNI.JK 
and Bank Tabungan Negara (BTN)  BBTN.JK . State pawnshop PT
Pegadaian and state small business financing firm PT Permodalan
Nasional Madani will also be under the holding company, she
said.
    Soemarno did not provide further details on the holding
company, which would oversee 40 percent of Indonesia's banking
assets, worth hundreds of billions of dollars.
    Officials have previously said that the aim of the holding
company was to support the government's development agenda,
including by encouraging infrastructure and lending for homes.
    According to Gatot Trihargo, deputy minister of State-Owned
Enterprises, Danareska would help allocate capital amongst the
lenders, either from dividend payments or from fund raising.
    This could prove especially important for banks with tighter
liquidity, such as BTN, Trihargo said.
    He told Reuters the government expects the holding company
to be able to raise funds more successfully and improve its
competitiveness versus its privately owned rivals.
    Since 2017, the state-owned lenders have put their ATM and
EDC (electronic data capture) operations under one company
called PT Jalin Pembayaran Nusantara. 
    "It's positive and would especially streamline their
decision making process and give them better capabilities in
terms in raising capital," Franky Rivan, an analyst at Kresna
Securities, said of the holding company plan.
    Some analysts, however, expressed worries it would come at
the expense of private banks.
    "Ultimately it might also make the Indonesian banking sector
less attractive to other foreign banks to come here and invest
in the Indonesian banking industry if they feel that perhaps the
state-owned banks are too strong," said one financial adviser,
who declined to be named because of the sensitivity of the
matter.
    Indonesia's banking industry offers some of the highest
returns in the region with a net interest margin, a key
indicator of bank profitability, of around 5-6 percent. Peers in
countries like Malaysia, Thailand and the Philippines have
margins of between 1.5 percent to 3.6 percent . 
    Discussions on integrating state banks in Indonesia have
gone on for years and previous plans touted have included
directly merging the lenders, or their sharia banking units. 
    Banking shares were muted on Thursday in reaction to the
announcement of the holding company. Some analysts highlighted
Indonesia's mixed track record in creating regional powerhouses
in various sectors from resources to cement.
    "It's still too early to comment until it's formed and we
see how the banks differentiate themselves under the holding
company," said Bharat Joshi, a fund manager at Aberdeen Asset
Management.

 (Writing by Franciska Nangoy and Fanny Potkin; 
Editing by Ed Davies and Muralikumar Anantharaman)
 ((Ed.Davies@thomsonreuters.com; +61 2 9373 1805; Reuters
Messaging: ed.davies.thomsonreuters.com@reuters.net))
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