Bukopin chief Sofyan Basir named new CEO of BRI

Bukopin chief Sofyan Basir named new CEO of BRI

Urip Hudiono, The Jakarta Post, Jakarta

In a bid to make Bank Rakyat Indonesia (BRI) the nation's leading
lender within the next two years, shareholders of the country's
fourth largest bank agreed on Tuesday to revamp the bank's
management.

During a shareholders' meeting held amid reports of the bank's
rising bad loans and a probe into its information technology
system tender, the shareholders agreed to appoint Sofyan Basir as
BRI's new president director, replacing Rudjito.

Sofyan, 46, is the current president director of Bank Bukopin,
a publicly listed private bank owned mostly by a consortium of
military-related cooperatives. The government controls some 60
percent of BRI, with the remaining shares held by retail
investors.

Rudjito will retain a place in the bank's management as the
bank's new chief commissioner, replacing Sukanto Reksohadiprodjo.

BRI's change of management took place following a Bank Mandiri
reshuffle, which saw Agus Martowardojo of Bank Permata being
named president director to replace graft-suspect ECW Neloe.

BRI has recently been in the media spotlight for alleged bad
loans dispersed to PT Domba Mas and investigations of improper
tendering for its IT system.

The bank's management have denied any improper behavior and
Rudjito said the reshuffle had nothing to do these cases.

"Today's change of management is simply meant to make BRI
better, particularly in its lending to small- and medium-sized
enterprises (SME)," he said, mentioning BRI's vision to be the
country's biggest SME lender by 2006, and the nation's best bank
by 2007.

BRI credit supervision director Gayatri Rawit Angreni said
reports the bank had non-performing loans worth Rp 680 billion to
the Sawit Mas Group were untrue.

Gayatri said BRI had managed to reduce its gross non-
performing loans to 4.19 percent of its total Rp 62.37 trillion
in disbursed credit, down from 6.03 percent the year before.

Tuesday's shareholders meeting also approved a plan to
allocate 50 percent of the bank's 2004 net profit for a dividend
payment worth some Rp 1.82 trillion (about US$191 million).

"We will pay dividends of Rp 152.88 a share," Rudjito said.

BRI's first quarter net income rose to Rp 1.15 trillion, from
Rp 1.1 trillion a year earlier. The bank is expecting its net
income to rise by as much as 25 percent this year, and experience
a growth in loans of between 22 percent and 25
percent.

Position new official former official

President director Sofyan Basir Rudjito

vice president director Wayan Alit Antara Ahmad Askandar

micro and retail business Ventje Rahardjo Krisna Wijaya

director

operational director Ahmad Askandar Wayan Alit

Antara

banking compliance director Hendrawan Hendrawan

Tranggana Tranggana

medium business director Akhmad Amien Akhmad Amien

Mastur Mastur

credit supervision director Gayatri Rawit Gayatri Rawit

Angreni Angreni

New Board of Commissioners: Former Board of Commissioners:

Rudjito Sukanto Reksohadiprodjo

Cyrillus Harinowo Arbali Sukanal

Krisna Wijaya Syahrial Hamid

Bunasor Ferdinand Nainggolan

BS Kusmuljono

Aviliani

Sunarsip