© Reuters.
DAVOS – At the World Economic Forum (WEF) held this week, Sunarso, the Director of Bank Rakyat Indonesia (IDX: BBRI), highlighted the bank’s initiatives aimed at fostering inclusive economic growth and expanding employment opportunities in Indonesia.
Sunarso discussed the challenges Indonesia faces, such as stagnant economic growth and persistent poverty, and emphasized the importance of establishing engines for inclusive economic growth. He pointed out that BRI, as a state-owned enterprise, is not only focused on profitability but also on reinvesting to stimulate economic development and social impact.
The Ultra Micro Holding initiative, a collaborative effort by BRI, Pengadaian, and PNM, was showcased as a key strategy in expanding financial inclusion, reducing the number of Indonesians without financial access from 30 million in 2018 to approximately 14 million by December 2023. The initiative has integrated 37 million borrowers to date.
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