BRI, SROs join in rural stock trading campaign
State-owned lender Bank Rakyat Indonesia (BRI) signed a memorandum of understanding (MoU) with two self-regulatory organizations (SROs), the Indonesia Stock Exchange (BEI) and the Indonesian Central Securities Depository (KSEI), on participating in the market literacy program.
Called the Desa Nabung Saham (Stock Saving Village) program, the partnership aims to increase literacy and inclusion of capital markets to increase the number of active investors and develop savings accounts and customer fund accounts (RDN) through Bank BRI's banking system.
"We believe this program can help investors and increase public literacy on the stock market, especially in rural areas," BRI president director Suprajarto said in Jakarta on Friday.
By the end of the second quarter of this year, BRI had more than 54 million micro savings accounts, with total deposits of more than Rp 217 trillion. It has 467 branch offices, 609 sub-branch offices, 989 cash offices, 5,380 BRI units and 2,553 unique micro banking services called Teras BRI across the country.
BRI also plans to increase its number of agents to 200,000 this year from the current 103,000 agents. "Our bank agents will be encouraged to participate in educating the villagers about the stock market," Suprajarto said. (dis/ags)
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