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.

Post Your Say

Selected comments will be published in the Readers’ Forum page of our print newspaper.

From Our Networks