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Saturday, May 21 2022 - 00:16
AsiaNet
BRI Becomes the Largest Public Company in Indonesia on the Forbes Global 2000 Ranking in 2022
JAKARTA, Indonesia, May 20, 2022 /PRNewswire-AsiaNet/ --

PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) was named the largest 
public company in Indonesia on the 2022's Forbes Global 2000 Ranking. In 
addition, BRI's ranking amongst the other 2,000 largest global companies rose 
to 349th in 2022 from 362nd in the previous year. 

Amongst seven Indonesian companies listed in the Forbes Magazine's list of 
2,000 largest companies globally, BRI was at the top of the list. BRI has been 
named as Indonesia's largest public company for eight consecutive years.

Sunarso, President Director of BRI said that this achievement further proves 
BRI's capabilities of maintaining positive performances with highly measured 
and regulated risk management.

"Despite challenges posed by the Covid-19 pandemic, BRI is continuously 
maintaining positive performances. This was achieved by focusing on the 
empowerment and assistance to Indonesia's MSMEs segment in difficult times, as 
well as becoming the Indonesian government's strategic partner in the national 
economic recovery programs. This achievement belongs all BRI customers and BRI 
employees, or known as BRILian Personnel, throughout Indonesia," said Sunarso.

Forbes Global 2000 ranks the largest companies globally using four metrics, 
namely sales, profits, assets, and market value. Each metric has minimum 
requirements such as sales of US$5.5 billion, profit of US$493 million, assets 
of US$13.7 billion and market value of US$7.6 billion. Companies must meet at 
least one requirement to be eligible for the final Forbes Global 2000 rankings.

According to Forbes(https://www.forbes.com/lists/global2000/), BRI's sales 
volume reached US$ 12.77 billion in 2022, with profit accumulating to US$2.17 
billion, assets valued at US$117.74 billion and a market value of US$50.14 
billion.

As Indonesia's economic conditions continue to rise and recover from the 
Covid-19 pandemic, BRI aims to continue to bring out positive performances. In 
Q1 2022, BRI managed to record a profit of Rp. 12.22 trillion, growing 78.13% 
year on year (yoy). As for assets, BRI Group's assets grew by 8.99 percent yoy 
to Rp1,650.28 trillion.

"Through our positive performances, BRI is able to, not just maintain the top 
ranking amongst Indonesian companies, but also rank up on an international 
scale. This proves that state-owned companies are increasingly appreciated 
globally. We will continue to create best-value economic and social services 
for all Indonesian people," concluded Sunarso.

SOURCE: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: Bank Rakyat Indonesia Tower, Jakarta.

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