Indonesian Political, Business & Finance News

BRI to Carefully Review Share Buyback Proposal

| Source: ANTARA_ID Translated from Indonesian | Finance
BRI to Carefully Review Share Buyback Proposal
Image: ANTARA_ID

Jakarta (ANTARA) - PT Bank Rakyat Indonesia (Persero) Tbk or BRI will carefully review the discourse on share buybacks, following a meeting between Deputy Speaker of the Indonesian House of Representatives Sufmi Dasco Ahmad and the leadership of the Association of State-Owned Banks (Himbara) on Tuesday (9/6).

“Regarding the buyback discourse, every corporate action will certainly be studied carefully and implemented in accordance with applicable regulator provisions,” said BRI President Director Hery Gunardi in an official statement in Jakarta on Friday.

For BRI, strengthening market confidence is primarily built through consistent performance. The company continues to focus on maintaining asset quality, strengthening capital and liquidity, and creating sustainable added value for shareholders.

“Currently, our main focus remains on strengthening the company’s fundamentals and creating long-term value for all stakeholders,” Hery said.

Hery assessed that the attention from various stakeholders reflects confidence in the long-term prospects of state-owned enterprises, particularly the banking sector, which continues to show solid performance and fundamentals.

According to him, maintained market stability is an important factor in supporting a healthy investment climate.

“Investor confidence in national banking stocks is underpinned by the industry’s performance, which remains resilient amid global economic dynamics. The banking industry continues to record positive credit growth, maintained asset quality, as well as strong liquidity and capital conditions,” Hery said.

Hery, who also serves as Chairman of the Indonesian National Banks Association (Perbanas), added that the fundamentals of the national banking industry remain strong to date.

Based on data from the Financial Services Authority (OJK), as of April 2026, bank credit grew 9.98 percent year-on-year (yoy), while third-party funds (DPK) increased 11.40 percent (yoy).

“Strong credit growth and public fund accumulation show that public trust in the banking industry remains well maintained, while also reflecting an effectively functioning intermediation function,” Hery said.

Previously on Tuesday (9/6) at the DPR RI Building in Jakarta, Deputy Speaker of the DPR RI Sufmi Dasco Ahmad held a meeting with the president directors of Himbara.

Present at the meeting were BRI President Director Hery Gunardi, BNI President Director Putrama Wahju Setyawan, and Bank Mandiri President Director Riduan. Also present were Indonesia Investment Authority (INA) Chief Executive Officer Oki Ramadhana, PT Taspen (Persero) President Director Rony Hanityo Aprianto, and BPJS Kesehatan President Director Prihati Pujowaskito.

During the meeting, Dasco was accompanied by Minister of State Secretary Prasetyo Hadi and Danantara COO Dony Oskaria.

The meeting discussed various strategic measures to maintain capital market stability and strengthen investor confidence, including the discourse on share buybacks by state-owned enterprise issuers.

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