In order to digitise current business processes and develop new values through a new business model, PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has executed the BRIvolution 1.0 Transformation Program for the 2018 to 2022 term. This programme is focused on the digital and cultural domains.

The Minister of SOEs, Erick Thohir, stated at the 2021 BUMN Portfolio Performance Press Conference in Jakarta, Indonesia, on September 28, 2022, “The transformation of state-owned enterprises (SOEs) is not only for human capital, business models, and business processes, but also for consolidated financial statements as parts of corporate transparency and good corporate governance.”

According to financial report numbers, the transformation has been shown to improve SOE performance. This is demonstrated by an increase in revenue, a higher EBITDA margin, and a lower debt-to-total investment ratio.

The pandemic is a turning point for the BRIvolution 2.0 to become “The Most Valuable Banking Group in Southeast Asia and Champion of Financial Inclusion” by 2025, according to BRI President Director Sunarso. This involves establishing Ultra-Micro Holding (UMi Holding) as a new source of growth, accelerating the growth of current account saving accounts (CASA), and speeding up digital transformation.

Source: Prnewswire