– The Banker, a world-renowned financial and economic media based in London, named PT Bank Rakyat Indonesia (Persero) Tbk as the best bank in Indonesia.

BRI is ranked 109th in the world in the list of the Top 1000 World Banks 2023 which was published on 5 July 2023. On this list, BRI is ranked as the highest bank in Indonesia.

On its official website, The Banker ranks the Top 1000 World Banks 2023 referring to the achievement of financial performance in 2022. The aspects of the assessment include the balance sheet, income statement, and capital adequacy.

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Regarding this achievement, BRI Main Director Sunarso said BRI had managed to maintain a positive performance and continue to grow amidst the challenging economic conditions amid the challenges of the COVID-19 pandemic.

This, he continued, shows that BRI has succeeded in giving meaning to all of its stakeholders through the creation of economic and social values.

“We thank The Banker for assessing our performance in an objective, credible and transparent manner. This proves that BRI is successful and able to consistently maintain performance fundamentals so that it can grow in a healthy, strong and sustainable manner,” said Sunarso.

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“Don’t forget, I say that this achievement is due to the hard work of all BRILian people (BRI employees) who have made their best contribution. This will also be an injection of our enthusiasm to continue to deliver economic value and social value for all stakeholders,” he emphasized.

Sunarso also dedicated this achievement to all MSMEs in Indonesia who are BRI’s core business and the backbone of the national economy.

The Banker’s official website states, from the analysis conducted it shows that 2022 is a challenging year for the global banking industry.

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Central banks around the world have been tightening monetary policy after a decade of low to negative interest rates and in response to several shocks, including a rebound in aggregate demand since the COVID-19 pandemic, supply chain shocks, war in Ukraine and soaring inflation.

Conditions of higher interest rates are usually positively correlated with bank profitability. Indeed, the recent increase in interest rates has benefited banks. However, these changes also present challenges that impact bank balance sheets.

By Chavez

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