SOE Pays IDR 80.2 Trillion Dividend for the State, BRI Becomes the Biggest Contributor

SOE Pays IDR 80.2 Trillion Dividend for the State, BRI Becomes the Biggest Contributor – The Ministry of State-Owned Enterprises (BUMN) is ready to pay dividends to the state of up to IDR 80.2 trillion this year. This figure is recorded to be the largest in the history of BUMN.

This was revealed by the Minister of BUMN RI, Erick Thohi. His party will provide the state with the largest dividend in the history of SOEs, namely IDR 80.2 trillion.

Erick Thohir also mentioned, not only in the form of dividends, the contribution of the four state-owned banks to the national economy was quite large.

“The contribution of the four banks to employment will be no less than 34.6 million in 2022. Of that amount, around 33 million will be contributed by PT Bank Rakyat Indonesia (Persero) Tbk through the presence of MSME workers in the BRI KUR distribution,” he explained.

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Of the total dividends paid to the state, as much as IDR 40.74 trillion or 50.8% was contributed by four banking BUMNs, including PT Bank Rakyat Indonesia (Persero) Tbk or BRI. BRI is the largest contributor by contributing IDR 23.15 trillion or 59.97% of BRI’s total dividends throughout 2022.

BRI’s optimal contribution cannot be separated from its brilliant performance throughout 2022, with a profit of IDR 51.41 trillion, this figure being the largest among other banking SOEs.

Main Director of BRI, Sunarso said, with the right strategic response, the BRI Group managed to record positive performance by achieving record profits.

“Alhamdulillah, we are always accompanied by loyal friends, Si Untung and Si Slamet from January to December 2022, the BRI Group managed to record a net profit of IDR 51.4 trillion or grew 67.15% year on year with total assets growing double digits by 11. 18% yoy to IDR 1,865.64 trillion,” said Sunarso.

For this achievement, Sunarso also emphasized BRI’s commitment to continue to provide economic value and social value, especially for the country and the people of Indonesia.

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“I want to reiterate that BRI is the people’s bank. BRI does business with the people and is processed by the people. Through taxes and dividends, BRI’s profits will be deposited to the state and then returned to various government programs for the people,” he said.

Year 2023 Optimistic Better

In the midst of a global economic slowdown due to financial turmoil, especially after the failure of several banks in the United States, Sunarso expressed his optimism.

“BRI sees that the global economic slowdown and turmoil in 2023 will not have a significant impact on the domestic economy with a potential recession of 2% in 2023. This belief is based on predictions from BRI using the Markov Switching Dynamic Model (MSDM) method. This method reinforces previous evaluations and analysis by Bloomberg, and has been proven to be accurate in previous cases, such as projecting a recession in Indonesia during the ASEAN Financial Crisis in 1998 and during the Covid-19 pandemic in 2020,” he explained.

This optimism is illustrated by BRI’s performance until the end of the first quarter of 2023, which was able to record a consolidated profit (BRI Group) of IDR 15.56 trillion or a growth of 27.37% year on year (yoy). The BRI Group’s assets grew 10.46% yoy to IDR 1,822.97 trillion.

Sunarso also expressed his optimism that Indonesia would be able to survive the threat of recession.

“So that the prospects and performance of the banking industry, especially BRI, will also be better in 2023, with BRI loans we project to be able to grow at the 10-12% level and supported by growth in the MSME segment, especially Micro and Ultra Micro,” he concluded.


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