COMPANY REPORT

BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK.
Company Profile
PTBankRakyatIndonesia(Persero)Tbk.wasestablishedbasedonLawNo.21year1968,
butitsroothistorycanbetracedbacksince1895.
PreviouslyawhollyownedbytheGovernmentofIndonesia,BRIwentpublicinNovember
2003andbecomeapubliclistedcompany.Now,theGovernmentowns56,8%andpublic
owntherest.BRIshareiscategorizedasabluechipandisincludedinLQ45.
BRI is famous for its focus on financing the Micro and Small, Mediumsized Enterprises
(MSME).ItsMicroBusinessisconsideredasoneofthebiggestMicroLendingProvidersin
theworld.Ofitstotalloanportfolio,80%goestoMicroandSMEs.ServingMicroandSMEs
enables BRI to have a welldiversified loan portfolio to minimize business risk. Given the
businessnatureofBRI,ithasthelargestnetworks,withmorethan6,350outletsspreading
alloverIndonesia,fromruraltothecitymakesBRIreadytoseizeallbusinessopportunities
across Indonesia. Moreover, BRI also has an enormous customer base, more than 30
milliondepositorsandborrowerswhichgiveacompetitiveadvantageforBRItodevelopits
businessincludingfeebasedbusiness.
Toserveitscustomers,BRIhasawiderangeofbankingproductsandservices.Kupedes,a
loan product for micro borrower, is widelyknown to micro entrepreneurs. In additionto
thatBRIalsoprovidesworkingcapitalloans,fixedassetloans,consumerloans,salarybased
loans, export/import loans, etc. For deposits, Simpedes is a prominent saving product in
ruralandsmalltown,whereasBritAmaisdesignedforurbanpeople.BRIalsoofferstime
depositanddemanddeposits.
Supported by a solid business model and infrastructure, BRI has become the most
profitablebankinIndonesia.BRIwillcontinuetoexpanditsbusinesstogiveabettervalue
forallshareholdersandstakeholders.
BRIislocatedatBRIIBuilding,Jln.JenderalSudirmanKav.4446,Jakarta.
AsofSeptember30th,2011,BRIhas18regionaloffices,14inspectionoffices,420domestic
branches,1specialbranch,480subbranchoffices,3overseasbranches,854cashoffices,
4,766BRIunits,and1,195terraces.
AsofSeptember30th,2011,theBankhas38,644employees.
BRIhasownershipinsubsidiaries:PTBankBRISyariahandPTBankAgroTbk.

January 2012
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

Bank Rakyat Indonesia (Persero) Tbk.

COMPANY REPORT : JANUARY 2012

As of 31 January 2012
1,565.714
Individual Index
:
24,422,470,380
Listed Shares
:
Market Capitalization : 167,293,922,103,000

Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
COMPANY HISTORY
Established Date

: 16-Dec-1895

Listing Date

: 10-Nov-2003

Under Writer IPO :

SHAREHOLDERS (January 2012)

14,000,000,000 : 56.75%

1. Negara Republik Indonesia

DIVIDEND ANNOUNCEMENT

PT Bahana Securities (affiliated)

Securities Administration Bureau :

BBRI

Year

Bonus
Shares

Cash
Devidend

Cum
Date

Ex
Date

Recording
Date

Payment
Date F/I

PT Datindo Entrycom

2003

84.19

06-Jul-04

07-Jul-04

09-Jul-04

Wisma Sudirman - Puri Datindo

2005

152.88

16-Jun-05

17-Jun-05

21-Jun-05

05-Jul-05

Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220

2005

156.18

21-Jun-06

22-Jun-06

26-Jun-06

10-Jul-06 F

Phone : 570-9009

2006

173.04

13-Jun-07

14-Jun-07

18-Jun-07

02-Jul-07 F

Fax

2007

196.34

18-Jun-08

19-Jun-08

23-Jun-08

07-Jul-08 F

2008

168.82

16-Jun-09

17-Jun-09

19-Jun-09

03-Jul-09 F

2009

132.08

28-Jun-10

29-Jun-10

01-Jul-10

15-Jul-10 F

2010

45.93

17-Dec-10

20-Dec-10

22-Dec-10

30-Dec-10

2010

70.04

27-May-11 30-May-11

01-Jun-11

15-Jun-11 F

: 570-9026

BOARD OF COMMISSIONERS
1. Bunasor Sanim *)
2. Adhyaksa Dault *)
3. Agus Suprijanto
4. Aviliani *)
5. Hermanto Siregar
6. Heru Lelono
*) Independent Commissioners
BOARD OF DIRECTORS
1. Sofyan Basir
2. A. Toni Soetirto
3. Achmad Baiquni
4. Asmawi Syam
5. Djarot Kusumayakti
6. Lenny Sugihat
7. Randi Anto
8. Sarwono Sudarto
9. Sulaiman Arif Arianto
10. Suprajarto
AUDIT COMMITTEE
1. Soedarjono
2. Bunasor Sanim
3. Dedi Budiman Hakim
4. H.C. Royke Singgih
5. Hermanto Siregar
6. Syahrir Nasution
CORPORATE SECRETARY
Muhamad Ali
HEAD OFFICE
BRI I Building, Jln. Jend. Sudirman No. 44 - 46
Jakarta 10210
Phone : (021) 251-0244, 250-0124, 251-0315
Fax

: (021) 570-0916

Homepage : www.bri.co.id
Email

: ir@bri.co.id

23-Jul-04 F

ISSUED HISTORY
Shares

Listing
Date

1. First Issue

4,764,705,000

10-Nov-03

10-Nov-03

2. Company Listing

6,882,352,950

10-Nov-03

31-May-04

24-Nov-04 :
16-Nov-05 :

11-Nov-05

25-Sep-06 :
23-Nov-06 :

12-Nov-09

Type of Listing

3. MSOP Conversion

114,572,000 T:

4. MSOP Conversion I & II

333,519,000 T:

5. MSOP Conversion II

8,879,000 T:

6. MSOP Conversion I, II & III

59,421,500 T:

7. MSOP Conversion II & III

36,021,500 T:

8. MSOP Conversion I
9. MSOP Conversion III
10. MSOP Conversion I & III
11. MSOP Conversion I & II
12. MSOP Conversion III

256,500 T:
11,609,000 T:
2,493,500 T:
199,500 T:
2,227,000 T:

13. MSOP Conversion I

532,500 T:

14. MSOP Conversion II

49,500 T:

15. MSOP Conversion I & II

95,500

16. Delisting of shares of RI

17. Stock Split

Trading
Date

18-Oct-07
27-Dec-07

24-Nov-06 : 26-Jun-09
09-Jan-07 : 26-May-08
25-Jun-07 : 15-Nov-10
21-Nov-07 : 08-Aug-08
27-Mar-08 : 27-May-08
05-Aug-08 :
28-Aug-08 :
02-Sep-08 :
11-Nov-08

22-Dec-08
13-Nov-08
14-Oct-08
11-Nov-08

-5,698,760

07-Jan-11

07-Jan-11

12,211,235,190

11-Jan-11

11-Jan-11

Bank Rakyat Indonesia (Persero) Tbk.

Volume
(Mill. Sh)

8,750

140

7,500

120

6,250

100

5,000

80

3,750

60

2,500

40

1,250

20

Jan 08

Jan 09

Jan 10

Jan 11

Jan 12

CHANGE OF CLOSING PRICE

FINANCE INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2008 - JANUARY 2012
120%

120%

100%

100%

Jakarta Composite Index

Finance Index
Closing Price

80%

80%

60%

60%

40%

40%

20%

20%
-

-20%

-20%

-40%

-40%

-60%

-60%

-80%
Jan 08

-80%
Jan 09

SHARES TRADED

Jan 10

Jan 11

Jan 12

2008
5,569
28,597
233,403
240

2009
5,146
32,540
290,727
241

2010
4,920
44,926
277,907
245

2011
10,695
65,512
625,398
247

Jan-12
648
4,500
34,105
21

Price (Rupiah)
High
Low
Close
Close*

7,800
2,400
4,575
2,288

8,700
3,550
7,650
3,825

12,800
6,950
10,500
5,250

10,750
4,525
6,750
6,750

7,200
6,750
6,850
6,850

PER (X)
PER Industry (X)
PBV (X)

9.47
16.77
2.52

12.91
13.41
3.46

11.29
16.00
3.53

11.95
10.88
3.70

12.13
11.48
3.75

Volume (Million Shares)

Value (Billion Rp)
Frequency (X)
Days

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
M 10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-00
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-00
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

CLOSING PRICE* AND TRADING VOLUME

BANK RAKYAT INDONESIA (PERSERO) TBK.
JANUARY 2008 - JANUARY 2012

Closing
Price*

BBRI

7,800
7,600
7,100
6,400
6,950
6,050
6,400
6,250
6,450
5,100
4,125
4,650

6,100
6,650
5,250
5,700
5,700
4,650
5,100
5,600
4,575
2,500
2,400
2,950

7,000
7,200
6,300
5,950
5,800
5,100
6,100
5,850
5,400
3,450
3,400
4,575

9,572
8,342
14,076
12,297
16,748
26,735
21,561
11,279
20,652
24,559
40,649
26,933

341,549
240,661
357,964
430,955
314,933
706,973
594,153
208,334
500,033
643,061
785,203
445,587

2,410,289
1,713,615
2,208,354
2,542,588
1,979,507
3,665,369
3,336,362
1,236,352
2,794,545
2,451,100
2,536,542
1,722,860

20
19
18
22
20
21
22
20
21
18
20
19

5,100
4,550
4,650
5,900
6,900
6,950
7,650
7,900
7,900
8,700
7,750
8,050

4,250
3,700
3,550
4,200
5,500
5,550
6,250
6,800
7,100
6,800
6,850
7,300

4,550
3,725
4,200
5,800
6,250
6,300
7,300
7,600
7,500
7,100
7,400
7,650

14,930
21,113
27,042
29,557
20,134
23,796
28,170
24,663
19,841
35,491
29,171
16,819

307,401
284,418
426,173
578,852
387,427
435,906
493,348
356,600
366,421
601,214
617,816
290,775

1,432,067
1,190,713
1,767,797
2,887,067
2,345,227
2,771,876
3,371,296
2,602,041
2,718,395
4,666,627
4,564,948
2,222,367

19
20
20
20
20
22
21
20
18
22
20
19

8,300 7,500 7,650

7,700 6,950 7,150
8,450 7,100 8,250
9,050 7,950 8,950
9 100 7,600
9,100
7 600 8,600
8 600
9,750 8,300 9,300
10,150 9,000 9,900
9,850 8,800 9,300
10,750 9,350 10,000
11,900 9,850 11,400
12,800 10,500 10,500
11,700 9,800 10,500

18,811
20,338
27,637
24,877
21 790
21,790
12,801
13,978
26,105
23,114
26,113
25,045
37,298

340,767
348,268
615,677
530,633
469 303
469,303
321,511
337,411
447,646
371,217
325,997
359,466
451,843

2,662,527
2,560,878
4,736,692
4,529,233
3 908 927
3,908,927
2,873,248
3,259,346
4,199,651
3,697,678
3,506,412
4,199,435
4,792,357

20
19
22
21
19
22
22
21
17
21
21
20

10,750
5,000
5,800
6,650
6,600
6,550
6,950
7,250
7,000
6,900
7,050
7,050

4,550
4,525
4,725
5,650
6,000
6,100
6,500
6,000
5,000
5,150
6,350
6,350

4,850
4,700
5,750
6,450
6,350
6,500
6,900
6,550
5,850
6,750
6,500
6,750

61,584
40,858
49,894
40,870
51,052
32,120
39,796
65,988
83,219
78,267
47,974
33,776

1,216,289
826,733
902,204
822,859
872,410
568,618
846,164
1,085,504
1,302,285
1,026,080
743,521
482,459

7,347,324
3,940,203
4,679,484
5,088,510
5,479,711
3,613,773
5,683,819
7,162,598
7,936,656
6,364,672
4,986,130
3,228,750

21
18
23
20
21
20
21
19
20
21
22
21

7,200

6,750

6,850

34,105

648,419

4,500,394 21

Bank Rakyat Indonesia (Persero) Tbk.

BBRI

Financial Data and Ratios

Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Sep-2011

5,041,396

6,750,145

8,139,304

9,975,712

9,201,446

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)

Cash on Hand

(Billion Rupiah)
412,500

Placements with Other Banks 14,629,443 22,235,561 40,495,057 83,272,140 33,638,798

Marketable Securities

17,317,899 23,766,171 24,478,132 22,514,663 32,056,830

Loans

105,923,763 152,217,543 194,242,503 232,972,784 260,547,470

Investment

76,668

89,792

111,461

133,888

154,908

Fixed Assets

1,644,172

1,350,483

1,366,212

1,568,945

1,792,739

Other Assets

2,713,984

6,062,816

5,235,421

4,880,779

5,190,093

Total Assets

Book End : December

203,734,938 246,076,896 316,947,029 404,285,602 402,029,494

Growth (%)

20.78%

28.80%

27.56%

-0.56%

Assets

Liabilities

330,000
247,500
165,000
82,500
-

Deposits
Taxes Payable

167,211,016 204,965,682 260,378,168 338,812,712 324,879,133

1,140,490

300,295

343,492

1,930,923

Fund Borrowings

2,382,277

3,356,495 13,611,399

8,454,545 11,553,599

Other Liabilities

6,448,558

6,778,922

9,766,026 10,629,403

Total Liabilities

7,068,716

2007

2008

2009

2010

TOTAL EQUITY (Billion Rupiah)

184,297,303 223,720,199 289,689,648 367,612,492 357,025,928

Growth (%)

Sep-11

923,849

21.39%

29.49%

26.90%

-2.88%

45,004
45,004

36,673

Minority Interest
Authorized Capital

36,003

27,257

15,000,000 15,000,000 15,000,000 15,000,000 15,000,000

,00
27,002

Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

6,158,900

6,162,650

6,164,926

6,167,291

6,167,291

12,318

12,325

12,330

12,335

24,669

500

500

500

500

250

9,978,092 12,874,726 17,834,694 27,123,160 35,367,200

19,438
18,001

9,001

19,437,635 22,356,697 27,257,381 36,673,110 45,003,566

Growth (%)

15.02%

21.92%

34.54%

22.72%

2007

INCOME STATEMENTS
Total Interest Income

22,357
22 357

Dec-2007

Dec-2008

Dec-2009

Dec-2010

20.89%

25.76%

2009

2010

Sep-11

Sep-2011

23,240,631 28,096,633 35,334,131 44,615,162 36,908,153

Growth (%)

2008

TOTAL REVENUES (Billion Rupiah)

26.27%

44,615

Interest Expenses

6,544,059

8,445,579 12,284,636 11,726,559 10,199,156

Other Operating Revenue

1,821,701

2,535,236

Other Operating Expenses

9,019,611 10,996,546 11,959,515 16,113,692 12,328,533

Income from Operations

7,556,003

Growth (%)

8,346,113

3,269,594

5,544,533

3,874,364

8,560,659 14,402,001 12,589,798

10.46%

2.57%

68.23%

224,071

475,899

1,330,569

506,229

Income Before Tax

7,780,074

8,822,012

9,891,228 14,908,230 12,869,538

Provision for Income Tax

2,942,073

2,863,644

2,582,936

3,435,845

2,433,364

-5,289

4,838,001

5,958,368

44,615

36,908

35,334
35,692

28,097
26,769

23,241

17,846

Non-Operating Revenues

Minority Interest
Net Income
Growth (%)

279,740
8,923

2007

2008

2009

2010

Sep-11

7,308,292 11,472,385 10,446,559

23.16%

22.66%

56.98%

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Sep-2011

Dividend (Rp)

196.34

168.82

132.08

115.97

EPS (Rp)

392.77

483.43

592.73

930.10

423.47

BV (Rp)

1,578.01

1,813.89

2,210.68

2,973.19

1,824.28

DAR (X)

0.90

0.91

0.91

0.91

0.89

NET INCOME (Billion Rupiah)

RATIOS

11,472
10,447

11,472

9,178

7,308
5,958

6,883

DER(X)

9.48

10.01

10.63

10.02

7.93

ROA (%)

3.82

3.59

3.12

3.69

3.20

ROE (%)

40.03

39.46

36.29

40.65

28.60

OPM (%)

32.51

29.71

24.23

32.28

34.11

NPM (%)

20.82

21.21

20.68

25.71

28.30

Payout Ratio (%)

49.99

34.92

22.28

12.47

2.65

3.69

1.73

1.10

Yield (%)

4,838
4,589

2,294

2007

2008

2009

2010

Sep-11