Business · Companies · 1 hr ago

BRI plans share buyback worth up to Rp1 trillion

BRI plans share buyback worth up to Rp1 trillion

Indonesia’s Bank Rakyat Indonesia plans a second share buyback worth up to Rp1 trillion.

The bank says it will carry out the buyback from October 22, 2026, to January 21, 2027, amid significant market fluctuations.

BRI says the move reflects management’s confidence in the bank’s business and long-term growth prospects.

It expects its capital adequacy ratio to remain at 21.42% after the planned buyback, based on a pro forma calculation using figures from June 30, 2026.

The bank plans to use the shares it buys for share ownership programs for employees and senior leaders.

Transferring those shares will require approval at a shareholders’ meeting, and BRI says it will maintain adequate capital as it supports business growth.

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DhannyBRI corporate secretary
This share buyback plan reflects BRI’s confidence in the Company’s business fundamentals and long-term growth prospects. In carrying it out, BRI will continue to prioritise capital adequacy, prudence, and good corporate governance in accordance with applicable regulations.
via CNBC Indonesia