PT Bank Rakyat Indonesia closed 2021 with a brilliant performance. During the current period last year, this state-owned bank (BUMN's bank) was able to record a net profit of Rp 32.22 trillion or a significant growth of 75.53 percent compared to 2020.

BRI's President Director Sunarso said that the main support for BRI's profit growth lies in credit performance and the collection of Third Party Funds (DPK) which grew positively accompanied by a significant decrease in interest costs.

The Company is able to manage portfolio mix and asset quality so as to increase asset yields.

Until the end of December 2021, BRI's credit distribution grew by 7.16 percent yoy. This figure is higher than lending in the national banking industry in 2021 at 5.24 percent.

The main driver of BRI's credit growth was the micro segment, which recorded a growth of 12.98 percent yoy. Meanwhile, the consumer segment grew 3.97 percent yoy, the SME segment grew 3.55 percent and the corporate segment grew 2.37 percent.

From a risk management perspective, BRI managed to maintain the quality of its loans. This is reflected in the ratio of Non Performing Loans (NPL) which is maintained at the level of 3.08 percent with a very adequate NPL Coverage of 278.14 percent.

BRI's good credit quality was followed by the current sloping condition of BRI's credit restructuring. Until the end of December 2021, BRI's restructuring was recorded at Rp. 156.93 trillion, or much lower than the total accumulated restructuring of Rp. 245.22 trillion.

Bank BRI also managed to record a positive performance in terms of collecting Third Party Funds (DPK). Until the end of December 2021, BRI's DPK grew by 7.14 percent yoy with low-cost funds (CASA) increasing by 11.18 percent yoy.

The solid performance of BRI was able to drive the overall performance of the BRI Group, or BRI on a consolidated basis. As of the end of the fourth quarter of 2021, BRI's consolidated assets were recorded at IDR 1,678.10 trillion or grew 4.23 percent yoy.

The total credit and financing of the BRI Group has reached Rp1,042.87 trillion. In detail, the micro segment dominated BRI's lending and financing with a nominal value of Rp483.89 trillion, the small and medium-sized segment of Rp240.35 trillion, the corporate segment of Rp168.27 trillion and the consumer segment of Rp150.35 trillion.

A total of 83.86 percent of BRI's total loan disbursement was channeled to the MSME segment. BRI will continue to increase this proportion until it reaches 85 percent," explained Sunarso.

BRI's ability to disburse loans and financing is also supported by adequate liquidity and strong capital. The bank's LDR was recorded at 83.53 percent, with a CAR of 27.25 percent. The adequate liquidity of the BRI Group is inseparable from the achievement of BRI's DPK with a total of Rp1,138.74 trillion at the end of December 2021.

Sunarso detailed, Savings dominated at Rp. 497.68 trillion, Current Accounts at Rp. 220.59 trillion, and Time Deposits at Rp. 420.48 trillion.