BRI meaning in Banking ?

Answer:

What is Bank Rakyat Indonesia mean?

PT Bank Rakyat Indonesia (Persero) Tbk (People's Bank of Indonesia, commonly known as BRI or Bank BRI) is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 4,000 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2010, it is the second largest bank in Indonesia by asset.

BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 70% government owned operating company (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO.

reference

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