Bank Rakyat Indonesia (BRI) is one of the largest state-owned banks in Indonesia.
Initially, Bank Rakyat Indonesia (BRI) was founded in Purwokerto, Central Java by Raden Bei Aria Wirjaatmadja under the name De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden or "Aid and Deposits Bank Owned by Priyayi Purwokerto".
A financial institution that serves people of Indonesian nationality (pribumi). The institution was established on December 16, 1895, which was later used as the birthday of BRI.
In the period after Indonesian independence, based on Government Regulation no. 1 of 1946 Article 1 states that BRI is the first Government Bank in the Republic of Indonesia.
During the war to defend independence in 1948, BRI's activities were temporarily suspended and only started to reactivate after the Renville agreement in 1949 by changing its name to Bank Rakyat Indonesia United.
At that time through PERPU No. 41 in 1960 the Farmers and Fishermen Cooperative Bank (BKTN) was formed, which was a merger of BRI, Bank Tani Nelayan and Nederlandsche Maatschappij (NHM).
Then based on Presidential Decree (Penpres) No. 9 of 1965, BKTN was integrated into Bank Indonesia under the name Bank Indonesia Urusan Tani and Nelayan Cooperative.
After running for a month, out of Penpres No. 17 of 1965 concerning the formation of a single bank under the name Bank Negara Indonesia.
In this new regulation, Bank Indonesia Affairs for Cooperatives, Farmers and Fishermen (ex BKTN) was integrated with the name Bank Negara Indonesia unit II for the Rural sector, while NHM became Bank Negara Indonesia unit II in the Export Import (Exim) sector.
Based on Law No. 14 of 1967 concerning Basic Banking Law and Law No. 13 of 1968 concerning the Central Bank Act.
In essence, restoring the function of Bank Indonesia as the Central Bank and Bank Negara Indonesia Unit II for the Rular and Export-Import Sector, respectively, were separated into two banks, namely Bank Rakyat Indonesia and the Indonesian Export-Import Bank.
Furthermore, based on Law no. 21 of 1968 re-established BRI's main tasks as a commercial bank.
Since August 1, 1992 based on Banking Law No. 7 of 1992 and Government Regulation of the Republic of Indonesia No. 21 of 1992 BRI status changed to a limited liability company.
The ownership of BRI at that time was still 100% in the hands of the Government of the Republic of Indonesia. In 2003, the Government of Indonesia decided to sell 30% of the bank's shares.
So that it becomes a public company with the official name PT. Bank Rakyat Indonesia (Persero) Tbk., Which is still in use today.
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