Business

BRI's assets jump 62% in
5 years

State-owned Bank Rakyat Indonesia (BRI) says its assets have jumped almost 62 percent over the past five years.

The publicly-listed bank, which has topped the list of the nation’s most profitable banks for six years, recorded assets of Rp 249.56 trillion (US$28.6 billion) in 2010, up from Rp 154.72 trillion in 2006.

“Bank BRI's business growth has been impressive, thanks to our maximization of productive assets and well-planned market expansion,” BRI president director Sofyan Basir said Thursday in Jakarta.

BRI is currently the country's second largest lender by assets after state-owned bank Bank Mandiri. In 2006, it was ranked fourth, tribunnews.com reported.

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