In 2020, BRI managed SBNs worth Rp. 284 trillion, or 5.6 percent of the total outstanding government securities. As the bank with the greatest securities under management in Indonesia, BRI is able to take advantage of the downward trend in interest rates to increase bank income while maintaining a market share in securities in the range of 18 to 20 percent for the primary market and 13 to 16 percent for the secondary market.

“Amid the slowdown in economic activity during the pandemic, which slowed lending, we have continued to optimize the condition of bank liquidity through placements in securities, which are actively managed while paying attention to potential risks," said BRI’s Senior Executive Vice President of Treasury and Global Services, Listiarini Dewajanti.

Listiarini said active and prudent securities management at BRI was carried out by considering the maturity date of bank liabilities and the composition of securities based on the issuer, while still paying attention to fundamental and technical aspects in a comprehensive manner. In addition, active management of securities is also carried out to mitigate the decrease in portfolio yields in the current era of low interest rates. "Thanks to the active management of our marketable securities portfolio, we were still able to maintain a decrease in the yield on managed securities of only 90 bps, while the Bank Indonesia [BI] seven-day reverse repo rate fell by 125 bps in 2020," continued Listiarini.

In line with the mission of the government and BI regarding financial market deepening and financial inclusion, BRI continues to increase the activity of securities. One method is the expansion of its customer base and the development of securities products and services for both institutional and individual customers.

“One of our roles in national securities market activity can be seen from the increase in the volume and frequency of transactions in 2020, by 179 percent and 208 percent respectively, year-on-year. In addition, the award of Best Primary Dealer shows BRI's continuous support for the deepening of Indonesia's financial markets," added Listiarini.

Previously, BRI's performance in the securities market was commended by the Finance Ministry with the distinction of Best Primary Dealer in 2019. BRI was named the best primary dealer in the primary market and in the secondary market, which confirms BRI's presence in the national securities market. Not only that, in 2019 BRI was also named the Best Financial Market Deepening Support Bank-Repo GMRA by BI and currently has a Global Master Repurchase Agreement (GMRA) with more than 50 domestic and global financial institutions as the basis of transactions for repurchase agreements (repos).

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