Jakarta, CNBC Indonesia – Impressively in 2022, PT Bank Rakyat Indonesia Tbk (BRI) managed to record a net profit of IDR 50 trillion as a group. This achievement increased by 67.15% compared to the previous year.
What caused BRI’s profits to soar high last year?
Main Director of BRI, Sunarso, said that the biggest source of the increase in BRI’s net profit was the massive transformation carried out by BRI.
“So in this transformation we made careful calculations and guts to execute it,” said Sunarso in a loud voice in front of the editor-in-chief of the mass media at the Brilian Club, Jakarta, Wednesday (1/3/2022).
The guts and calculation that Sunarso meant was to transform funds with high interest rates, such as deposits, into low-cost funds, such as savings. The actions taken by Sunarso and this team made a difference cost of fund BRI is down.
“So far there have even been current accounts at BRI with interest on deposits. This is what we are changing, and it all takes guts,” said Sunarso. “So it takes guts. Rp. 128 trillion in deposit funds is ‘thrown away’. This is done with careful calculation and guts,” he added.
In the data submitted by Sunarso, the courageous actions he carried out made cost of fund BRI in 2022 then fell to 1.8%, from 2% in the previous year. Then the Current Account Savings Account (CASA) figure, which is a low-cost bank fund from savings and current accounts, will rise to 66.7% in 2022, from 63.1% the previous year.
BRI’s efficiency level has also improved, as reflected in the ratio of Operating Expenses to Operating Income (BOPO), which fell to 69.1%. BRI’s credit costs were recorded to have decreased to 2.55% in 2022, from 3.78% the previous year.
“Guards and calculations are important. To not maintain expensive funds, when these funds are not currently needed for lending. In the past cost of fund BRI is in the range of 4-5%,” said Sunarso firmly.
Decline cost of fund This, said Sunarso, has resulted in an efficiency of approximately Rp. 20 trillion and is included in BRI’s profit, which is of extraordinary value in 2022.
“That was a transformation that was carried out with clear calculations and brilliantly executed,” said Sunarso proudly.
Leading BRI since 2019, Sunarso said, the transformation that has been carried out by BRI recently is the development of digital technology. This digital transformation, said Sunarso, made overhead cost BRI went down.
“We don’t do layoffs, we don’t even cut remuneration and salaries. But we increase productivity through technology,” he said.
This digital power has even strengthened BRI’s business engine. Current credit approval can be done in just 2 days. “Through BRIspot technology, microcredit, which used to take 2 weeks, now only takes 2 days,” he said.
Even Sunarso dared to claim, through the implemented digital technology, BRI is the only bank in the world that can distribute micro loans of at least IDR 1 trillion per day.
Not only that, BRI’s revenue machine from non-interest income also increased. This can be seen from the data fee income which reached a double-digit portion of BRI’s total revenue, or 11.37% to be precise or in nominal terms was IDR 18.8 trillion.
(wed/wur)
