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Friday, October 21 2022 - 20:26
G20 SOE Conference: Successfully Accelerating Financial Inclusion, BRI Receive Acknowledgement from Harvard Kennedy Professor
BALI, Indonesia, Oct. 21, 2022 /PRNewswire-AsiaNet/ --

PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) received an appreciation 
from an Adjunct Lecturer of Harvard Kennedy School, Professor Jay K. Rosengard 
for their contribution in promoting the acceleration of financial inclusion and 
ESG implementation in Indonesia. Rosengard conveyed the statement during The 
Role of SOEs in Broadening Financial Inclusion on 'Trade Investment & Industry 
Working Group (TIIWG) Road to G20: SOE International Conference' in Bali, 
October 17th, 2022.

BRI is considered to successfully execute a commitment to financial inclusivity 
and encourage MSMEs growth in Indonesia through financial disbursement. 
Rosengard stated, "When agricultural technology began to penetrate, BRI played 
an important role in enabling financial aid. The farmers then could adopt the 
innovation and create a green revolution perspective, shifting Indonesia from 
the world's largest rice importer to a net exporter in 20 years." Rosengard 
also praised BRI for excellently implementing ESG principles which have 
contributed significantly to MSMEs sustainable growth. "BRI is a successful 
phenomenon of Green Revolution and is the world's biggest and most successful 
profitable micro banking. It's a great untold story," said Rosengard.

BRI also created numerous innovations. Including AgenBRILink, a branchless 
banking service that managed to cover 77% of rural areas in Indonesia per 
September 2022, also Agen Laku Pandai and Holding Ultra Mikro (UMi). Kartika 
Wirjoatmodjo, Vice Minister II State-Owned Enterprises of Indonesia, considered 
those innovations to potentially escalate financial inclusivity up to 83-84%. 
Wirjoatmodjo also stated that 30 million potential customers could not access 
the formal financial system. "To address this unbanked population, we have 
integrated three entities: BRI, Pegadaian, and PNM, into a UMi holding. We have 
established an integrated one-stop service (co-location SENYUM) where customers 
can receive various financing products and services from one place," said 

Within the first half of 2022, BRI effectively recorded a profit of Rp24.88 
trillion and partially contributing to the government through dividends and 
taxes. After more than twenty years, BRI has grown into the largest bank by 
assets and the major credit distribution for MSMEs in Indonesia, demonstrated 
by the MSMEs lending portion in BRI that reached 83% of the total lending, or 
equal to Rp920 trillion in Q2 of 2022.

For more information about BRI, visit 

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: Professor Jay K. Rosengard, Adjunct Lecturer of Harvard Kennedy