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BRI leads Indonesian companies in Forbes Global 2000
In the midst of the COVID-19 pandemic, Bank Rakyat Indonesia (BRI) continues to make world-class achievements.
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(Courtesy of BRI)
I
n the midst of the COVID-19 pandemic, Bank Rakyat Indonesia (BRI) continues to make world-class achievements. Most recently, BRI was named as the most valuable public company in Indonesia in the 2021 edition of Forbes’ Global 2000 list, released on May 13, 2021.
The bank, which is currently under Sunarso's leadership, ranks 362th overall among the list’s 2,000 largest public companies in the world. In addition, BRI is also included on Forbes’ list of the World’s Best Banks 2021.
According to Forbes’ 2021 Global 2000 website, BRI tops the six Indonesian public companies that made it on the list. This marks the seventh consecutive year that BRI has occupied the highest position among Global 2000 Indonesian companies.
BRI President Director Sunarso said the achievement was a testament to the bank’s commitment to sustainable performance through its focus on supporting micro, small and medium enterprises (MSMEs) as well as by being a strategic partner to the government in the national economic recovery program.
Forbes compiles its Global 2000 list using data sourced from FactSet Research Systems and independently selects the world's 2,000 largest public companies based on four metrics: assets, market value, sales and profits.
Although market conditions were unfavorable and extremely challenging due to the Covid-19 pandemic, BRI was still able to achieve a good performance. BRI ranks 354th by assets and 505th by market value, while it ranks 1,007th in the world in terms of sales and 529th in profitability. The bank, which trades under the code BBRI and focuses on the MSME segment, recorded around US$10 billion in revenue, with assets reaching US$107.6 billion and US$ 1.3 billion in profit.
The companies on the Forbes Global 2000 list generally saw a 47 percent increase in market capitalization to US$79.8 trillion, while revenues dipped 6 percent to US$39.8 trillion and profits dropped 24 percent to US$2.5 trillion.
