BBRI – Successfully integrated 25mn data through UMi

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) has successfully integrating 25mn of SME customer data to its ultra-micro business holding, with a target to serve around 45mn of customers. As of Aug22, the bank has integrated around 23.5mn of customers with total loan channeled amounting IDR183.9 tn. BBRI has also re-classing around 1.8mn of its micro loan customers into commercial loan customers last year and expecting to see an additional of 400.000 customers this year. (Source : CNBC Indonesia). Comment: With the collaboration between BBRI with PT Pegadaian dan PT Permodalan Nasional Madani (PNM), the bank could get benefit in accessing Indonesia’s SME huge potential market. Latest data showed around 30mn of ultra-micro potential customers has not been served yet by banking industry and thus will create ample of room for BBRI to step in. The huge potential of ultra-micro SME market could become as solid revenue driver for BBRII ing forward, in our view.