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BBRI – Flat 1Q20 Perfomance

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Arief Machrus
Arief Machrus
Economist - Macroeconomics
Arief Machrus
Latest posts by Arief Machrus (see all)
  • Company Report | India Demand Drives Exports - September 27, 2022
  • Company Report | Export Portion Drives Net Profit Double Digit Target - September 21, 2022
  • Company Report | Program Infrastruktur Strategis Dorong Kontrak Baru - September 14, 2022

BBRI recorded a net income of IDR 8.17 Trillion in 1Q20, or relatively flat compared to 1Q19 net profit of IDR 8.19 Trillion. This consolidated profit was driven by market condition, namely its investments in subsidiaries such as BRILife and BRI Agro. As for Bank-Only, BBRI booked a net profit of IDR 8.30 Trillion or up 3.25% YoY. This achievement was supported by higher net interest income which grew 7.11% YoY to IDR 20.02 Trillion.

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