BRI Announces Rp500 Billion Share Buyback, Hery Gunardi Explains Rationale

Group CEO of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), Hery Gunardi, has confirmed the BRI Group’s readiness to support national economic growth, including through the priority programmes of President Prabowo’s administration. BRI possesses a system, branch office network, and BRIlink services spread across the remotest parts of Indonesia, supported by competent human resources to drive the economy, including through the distribution of KUR and social assistance. BRI is also ensuring the maintenance of business growth and credit quality as the BI Rate rises to 5.75%, considering that BRI’s lending in government programmes such as KUR has fixed rates. Nevertheless, the bank continues to strengthen risk management by optimising sectors with good prospects. In an effort to maintain long-term growth, BRI has implemented a transformation programme to improve operational effectiveness and boost both credit and non-credit income. This transformation focuses on reducing the cost of funds and the cost of credit through optimising branch office infrastructure, BRIlink services, increasing BRImo programmes and transactions, and driving merchant business. In the micro credit segment, BRI is improving business processes by utilising technology, which has resulted in increased interest income while simultaneously reducing provisioning. Additionally, through BRIvolution Reignite, BRI is driving strategic initiatives to address the increasingly competitive banking industry. BRI has also undertaken a rebranding effort so that it is not only a strong bank in rural areas but is also capable of providing services in urban areas through the consumer segment, including wealthy clients and private banking. The bank continues to drive growth engines through business diversification. Regarding BBRI’s plan to conduct a share buyback of up to Rp500 billion between 12 June and 11 September 2026 using the company’s internal cash reserves, Hery Gunardi stated that this strategy is part of the corporation’s response to stock market developments.