BRI takes the lead: Indonesia tops banking sector in Banker’s Top 1000 Banks for 2024

Jakarta, Indonesia, July 18, 2024 /PRNewswire/ — Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) Continue to shine, Indonesia It is ranked 110th in the world by The Bunker magazine. LondonOn July 10th, a world-leading financial and business media company based in Shanghai released the “Top 1000 Banks 2024” list. The list ranks the world’s top banks based on Tier 1 capital, assets, pre-tax profits, capital adequacy ratios, return on capital, and return on assets.

Kimberly Long, editor of The Banker, highlighted that Indonesian banks are currently experiencing a period of increased tier 1 capital, supported by strong economic growth and stable conditions. “The optimistic outlook is reflected in Indonesian banks’ presence in the Top 1000 list, as many have recovered from declines in tier 1 capital last year,” Long said. The Banker is a Financial Times company and has been a trusted global source of financial information since 1926.

The recognition adds to BRI’s recent achievements: On June 13, Forbes International named BRI the world’s largest company. Indonesia It was listed on the Global 2000 list. Fortune magazine’s first edition, June 18. Southeast Asia BRI was ranked as the top bank on the 500 list. Indonesia 4th in the financial sector Southeast Asia.

Secondly, BRI won 11 awards from Finance Asia at the Finance Asia Awards, Asian Best Company Voting Gala Dinner 2024 June 27th Hong KongThe winners were Best CEO (Gold) for Sunarso, Best Managed Company (Gold), Best Investor Relations (Gold), Best CFO for Viviana Dyah Ayu (Silver), Most Committed Commitment to DEI (Silver), Most Committed Commitment to ESG (Silver), Best Large Cap Company (Bronze), Best Bank for Financial Inclusion, Best Commercial Bank – SME, Best Sustainable Bank (Highly Commended), and Most Innovative Technology (Highly Commended).

BRI President Sunarso said the award is a testament to the company’s efforts to support micro, small and medium enterprises (MSMEs). He added that the recognition from Forbes, Fortune, Finance Asia and The Banker magazines validates BRI’s effective strategic response amidst continued global economic uncertainty and high interest rates. “This successfully underpins BRI’s strong performance as a leader in the banking industry.” Indonesia It is becoming increasingly influential in the regional and global financial industry,” Sunarso concluded.

For more information about Bank BRI, please visit: https://www.bri.co.id/

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Source: PT Rakyat Indonesia Tbk (BRI) Bank