If we place the risk on one company, it turns out that it can be too concentrated. (To avoid that), we can break up the focus to the sub-holdings in other forms of products, such as financing that is not credit, but with other instruments.
Jakarta (ANTARA) - President Director of PT Bank Rakyat Indonesia (BRI) Sunarso shed light on the BRI group's vision for the future to become the most valuable banking group in South East Asia and champion of financial inclusion.

In accordance with this vision, Sunarso expounded that the growth focus was not only on BRI as a banking industry but also included subsidiary companies that are members of the BRI Group transformed into integrated financial services providers.

"We then want to have subsidiaries that represent the completeness of financial industry services and products required by the community," Sunarso noted in his official statement here on Tuesday.

The president director pointed out that BRI had complete financial services to offer and that is the group he was expecting to be operated.

The BRI Group comprises BRI, as the holding company, with seven sub-holdings: BRI Agro, BRI Remittance, BRI Life, BRI Finance, BRI Danareksa Sekuritas (equity and bond house securities), BRI Ventures, and BRI Insurance.

Sunarso remarked that BRI sub-holdings will focus on two functions: diversifying revenues and making themselves a tool to divide risk.

"If we place the risk on one company, it turns out that it can be too concentrated. (To avoid that), we can break up the focus to the sub-holdings in other forms of products, such as financing that is not credit, but with other instruments," Sunarso elaborated.

He expounded that the company had transformed the BRIvolution 1.0 since 2016, with the vision of The Most Valuable Bank in Southeast Asia and Home to The Best Talent.

However, in the wake of the pandemic, Sunarso noted that the BRI had conducted a transformation of BRIvolution 2.0, with a vision that changed to The Most Valuable Banking Group in Southeast Asia & Champion of Financial Inclusion.

BRI had earlier won five prestigious awards at the GRC and Performance Excellence Award 2021 in recognition of the implementation of Governance, Risk, and Compliance (GRC).

The awards were bestowed to recognize the company's commitment to improving supervision of business and operational processes to maintain good corporate governance.

After winning three awards in the previous year, at the GRC 2021, BRI bagged the Best GRC Overall for Corporate Governance and Performance 2021 Award in the retail and micro banking category and the Best Board of Commissioners in Banking Industries Award, Sunarso noted.

Related news: BRI upbeat of economic recovery based on 2021 S1 performance
Related news: BRI holds Hedging School to edify about economic risk mitigation
Related news: BRI pushes agriculture sector to flourish during pandemic

Translator: Agatha V, Kenzu T
Editor: Sri Haryati
Copyright © ANTARA 2021