BRI Encourages Domestic Growth Through MSMEs as State-Owned Enterprises Become the Drive for Economic Developments

BALI,Indonesia,Oct. 20,2022 -- PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) pushes for Indonesia's growth by supporting Micro,Small,and Medium Enterprises (MSMEs) through several initiatives and programs,one of which is the Ultra-Micro (UMi) Holding program.

BRI Encourages Domestic Growth Through MSMEs as State-Owned Enterprises Become the Drive for Economic Developments

Ministerof State-Owned Enterprises (SOEs)Erick Thohir revealed the role of SOEs are crucial as they have the potential ofcreating millions of jobopportunities in Indonesia. Therefore,SOEs are continuously pushed tocreate value for the community and play their role as agents of developments.

"The role of SOEs as agents of developments in society will go hand in hand with the transformation of SOEs. We believe we can further help SOEs to enhancetheir role as driving agentsof Indonesia's development," said Erick.

President Director of BRI Sunarso also believes thatIndonesia's economic growth can be achieved by focusing on MSMEs,who are the country's growth drivers. "97% of jobs in Indonesia comes from MSMEs. Therefore BRI,whose core business is MSMEs,has a crucial role in promoting financial inclusion in Indonesia."

The successes of the UMi Holdingare reflected in the data.Thenumber of customers who have been integrated by the three UMiHolding entities reached 23.5 million customers with a total outstanding financing of IDR 183.9 trillion in August 2022. This achievement is in line with one of the priority agendas of the G20 Presidency,namely financial inclusion.

BRI also succeeded in upgrading 1.8 million micro-business creditcustomers to commercial in 2021 andis predicted to upgrade2.2 million customersin 2022. Furthermore,inAugust 2022,the service integration of the UMi Holding entitiesor the co-location of Gerai Senyumoutletsreached 1,003 locations,surpassing the initial target of 978. UMiHoldingalso surpassed the initial target of 3.3 million savers by reaching 6.85 millionnew savers. PNM Mekaar,joiningas BRILink agents,reached 40,121.

BRI is optimistic that the ongoing growth will have a positive impact on the economy in Indonesia. "Our efforts to suppress inflation are important,but our goal is also to continue to grow our economy so that stagflation does not occur,thus reducing the risk of additional unemployment," said Sunarso.

For more information about BRI,visit www.bri.co.id.