BANK RAKYAT INDONESIA-UN ADR Business Summary

Bank Rakyat Indonesia (BKRKY) operates as the largest financial institution in Indonesia by assets, primarily generating revenue through interest income from its dominant microfinance and MSME lending operations, supplemented by fee-based income from digital banking and treasury services. The company’s business is structured into four primary segments: Micro Business, which serves over 30 million retail and ultra-micro clients; Retail Business, focusing on consumer and commercial loans; Corporate Business, providing wholesale banking to large enterprises; and Subsidiary Business, which includes insurance and sharia banking. Positioned as the market leader in rural and micro-lending with an extensive network of over 8,600 service points, BKRKY competes directly with PT Bank Mandiri, PT Bank Central Asia (BCA), and PT Bank Negara Indonesia (BNI), maintaining a competitive edge through its specialized focus on the bottom-of-the-pyramid demographic and its proprietary satellite-backed digital infrastructure. Founded in 1895 by Raden Bei Aria Wirjaatmadja, the bank is currently led by President Director (CEO) Hery Gunardi, a veteran banker who previously served as CEO of Bank Syariah Indonesia and held senior executive roles at Bank Mandiri. The leadership team includes Vice President Director Viviana Dyah Ayu Retno and Director of Information Technology Saladin Dharma Nugraha Effendi, who oversees the bank’s digital transformation and BRImo mobile ecosystem. The institution is majority-owned by the Indonesian government through BPI Danantara, which holds a 53.19% stake, with additional significant institutional backing from the Indonesia Investment Authority (INA). The Board of Commissioners is chaired by President Commissioner Kartika Wirjoatmodjo, who also serves as Indonesia’s Deputy Minister of State-Owned Enterprises, ensuring tight alignment between the bank’s commercial strategy and national economic development goals.