"Its good performance will be maintained due to its credit growth that is accompanied by a very strong fund burden efficiency," Siahaan noted in a statement received here on Wednesday.
The senior faculty expressed optimism that BRI would adapt to the pandemic along with recovery of the national economy that grew 7.07 percent in the second quarter of 2021.
Siahaan is also upbeat that greater mobility among citizens following the government’s relaxation of Public Activity Restrictions (PPKM) will revive the economy and has a direct impact on the business world, including BRI.
"If the relaxation is conducted in the fourth quarter, then BRI's end-of-the-year profit performance will rise by 11-15 percent as compared to last year," he remarked.
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Siahaan opined that BRI's establishment as a holding company, along with the Ultra Micro Holding (UMi), will drive stronger expansion into the global market.
Capital market observer and founder of Indonesia Superstocks Community Edhi Pranasidhi also seconded Siahaan's view.
He believes BRI's financial performance was robust both in the top and bottom lines. The company managed to clock Rp12.54 trillion in profits or record a growth of 22.93 percent (yoy) in the first semester of 2021.
This achievement is especially remarkable amid the PPKM implemented by the government to stem the spread of COVID-19, he noted.
"Along with recovery of the nation’s growth, BRI is projected to perform even better until the end of year," Pranasidhi affirmed.
The main factor behind BRI's improving performance is the positive credit growth above average within the standards of the national banking industry.
Until the end of June 2021, BRI's credit distribution through consolidation had reached Rp929.40 trillion, a positive growth from around Rp922.97 trillion recorded during the corresponding period last year.
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Translator: Kuntum Riswan, Fadhli Ruhman
Editor: Rahmad Nasution
Copyright © ANTARA 2021
