BRI records improved cost of funds, supported by dominance of low-cost funds

For the first time in its history, BRI’s savings achievement has successfully broken through the Rp600 trillion level, precisely reaching Rp605.8 trillion. Jakarta (ANTARA) - PT Bank Rakyat Indonesia (Persero) Tbk recorded an improved cost of funds in the first quarter of 2026 at 2.3 percent compared to 3 percent in the first quarter of 2025, supported by the dominance of low-cost funds (CASA). “This demonstrates the effectiveness of BRI’s strategy in strengthening CASA and managing a more efficient funding structure, thereby providing better room for margins going forward,” said BRI President Director Hery Gunardi in a statement received in Jakarta on Monday. As of the end of March 2026, the company collected third-party funds (DPK) with annual growth of 9.4 percent (year-on-year/yoy) to Rp1,555 trillion. This growth was primarily driven by an increase in BRI’s low-cost funds (current account saving account/CASA), which rose 13.2 percent (yoy) to Rp1,058.6 trillion. Hery added that current accounts and savings recorded double-digit growth of 15.6 percent (yoy) and 11.5 percent (yoy), respectively. “These figures also mark an important milestone for BRI, where for the first time in history, BRI’s savings achievement has successfully broken through the Rp600 trillion level, precisely reaching Rp605.8 trillion,” he said. Furthermore, this CASA increase drove BRI’s CASA ratio to 68.07 percent, up from 65.77 percent in the same period last year. The company noted that this dominant CASA ratio aligns with the increasing transaction volume through various digital channels such as BRImo, Qlola by BRI, Business Merchant, and QRIS BRI. The company stated that this strengthening of the funding structure also supports overall financial performance. As of the first quarter of 2026, the company’s total assets grew 7.2 percent (yoy) to Rp2,250 trillion, supported by credit and financing growth of 13.7 percent (yoy) to Rp1,562 trillion. With strong fundamentals and continuously maintained cost of funds efficiency, the company recorded consolidated net profit of Rp15.5 trillion, or growth of 13.7 percent (yoy). “This growth reflects BRI’s ability to maintain a balance between credit expansion and increasingly efficient cost of funds management,” said Hery. He added that on one hand, strong credit growth provides a boost to interest income. On the other hand, improvements in the funding structure, particularly the increase in CASA, also suppress the cost of funds. “Overall, BRI not only grows but is also able to maintain the quality of growth,” Hery concluded.