BRI: Staged Buyback Reflects Confidence in Business Fundamentals
Jakarta (ANTARA) - PT Bank Rakyat Indonesia (Persero) Tbk, or BRI, said its phased share buyback reflected the company’s confidence in its business fundamentals and long-term growth prospects.
BRI Corporate Secretary Dhanny said the gradual buyback was part of the company’s strategy to optimise shareholder value while taking account of its financial position and applicable regulations.
“The company continues to prioritise adequate capital, prudential principles and good corporate governance in accordance with applicable regulations,” Dhanny said in a statement in Jakarta on Tuesday.
He added that the buyback decision also took into account global market dynamics, including economic uncertainty, geopolitical tensions, commodity price movements and capital flows that affect volatility in Indonesia’s financial markets.
The state-owned bank has carried out several buyback actions in recent periods. At its annual general meeting on 24 March 2025, shareholders approved a share buyback of up to Rp3 trillion, which could be conducted on or off the stock exchange, either gradually or in one go, in accordance with applicable regulations.
In 2026, the company resumed the programme amid significant market fluctuations.
According to a disclosure on 12 June 2026, BRI allocated up to Rp500 billion for the first phase of the buyback, scheduled to run from 12 June to 11 September 2026.
Then, in a disclosure on 22 October 2026, the company announced plans for a second phase, worth up to Rp1 trillion. The action is scheduled to take place from 22 October 2026 to 21 January 2027.
By the end of the second quarter of 2026, BRI had recorded net profit of Rp31.2 trillion.
Total assets grew 11.7 per cent year on year to Rp2,352 trillion, third-party funds rose 6.7 per cent to Rp1,581 trillion, while lending and financing increased 16.2 per cent to Rp1,646 trillion.
The performance was also supported by strong capital and liquidity positions. BRI’s capital adequacy ratio (CAR) stood at 21.5 per cent, while its loan-to-deposit ratio (LDR) was 90.8 per cent.
The company said these positions provided sufficient room to continue its intermediary role and maintain healthy, sustainable business growth.
Dhanny stressed that the company would remain focused on strengthening business performance and promoting healthy, sustainable growth.
“With strong fundamentals and capital, we are confident BRI has room to continue growing and deliver optimal returns for shareholders over the long term,” Dhanny said.