BRI

THE HISTORY OF BRI (Bank Rakyat Indonesia)

Bank Rakyat Indonesia (BRI) is one of the largest state-owned banks in Indonesia.Initially, Bank Rakyat Indonesia (BRI) was established in Purwokerto, Central Java by Raden Bei Aria Wirjaatmadja under the name of De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden or "Help and Savings Bank of the Aristocrats in Purwokerto", a financial institution which served people of the Indonesian nationality (the natives).The institution was incorporated on December 16, 1895, which later becomes the anniversary of BRI.

In the period after the independence of the Republic of Indonesia, pursuant to Government Regulation No. 1 year 1946 Article 1, it is stated that BRI is the first State-Owned Bank in the Republic of Indonesia. During the period of war for defending the independence in 1948, BRI had temporarily ceased its activities and it just started to resume its activities only after the Renville agreement in 1949 by changing its name into Bank Rakyat Indonesia Serikat. At that time, through Government Regulation in Lieu of Law No. 41 year 1960, Bank Koperasi Tani and Nelayan (BKTN) was established as a result of the merger between BRI, Bank Tani Nelayan and Nederlandsche Maatschappij (NHM). Later, based on the Presidential Stipulation No. 9 year 1965, BKTN was integrated into Bank Indonesia under the name of Bank Indonesia Urusan Koperasi Tani and Nelayan.

After one month, the Presidential Stipulation No. 17 year 1965 concerning the establishment of a single bank under the name of Bank Negara Indonesia was issued. Under this new provision, Bank Indonesia Urusan Koperasi, Tani and Nelayan (ex-BKTN) was integrated under the name of Bank Negara Indonesia unit II for the Rural sector, while NHM became Bank Negara Indonesia unit II for the Export-Import (Exim) sector.

Law No. 14 year 1967 concerning Basic Banking Law and Law No. 13 year 1968 concerning the Central Bank Law essentially restored the function of Bank Indonesia as the Central Bank and separated Bank Negara Indonesia Unit II for the Rural Sector from the Export-Import Sector to become two Banks, namely Bank Rakyat Indonesia and Bank Ekspor Impor Indonesia, respectively. Subsequently, Law No. 21 year 1968 re-stipulated the basic tasks of BRI as a commercial bank.

Since August 1, 1992, under the Banking Law No. 7 year 1992 and Regulation of the Government of the Republic of Indonesia No. 21 year 1992, BRI’s status has been changed into a limited liabilities company. At that time, BRI’s ownership was still in the hand of the Government of the Republic of Indonesia for 100%. In 2003, the Indonesian Government decided to sell 30% of the bank’s shares, and therefore the bank became a public company under the official name of PT. Bank Rakyat Indonesia (Persero) Tbk., which is still used until now.

BRI's VISION

To become a leading commercial bank which always puts priority on customer satisfaction.

BRI's MISSION

To carry out the best banking activities by putting priority on service to micro-, small- and medium enterprises in order to support the economy of the community. To provide prime service to customers through a widespread network which is supported by professional human resources by implementing the good corporate governance practice. To provide the optimum profit and benefit to stakeholders.

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