Establishing an Ultra Micro Ecosystem: New Driver to Grow Sustainably, to be a Champion of Financial Inclusion
PT BANK RAKYAT INDONESIA (PERSERO) Tbk
September 2021
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CEO Message
After more than two months since BRI announced our plan to establish the Ultra-Micro Ecosystem ("UMi Ecosystem"), we are now in the final phase of this journey that we expect to finish by the end of September this year. We thank all our shareholders for their continued support and trust.
The UMi Ecosystem, serving as the embryo of the micro and SME segments, has been set as one of our new sources of growth. This is also part of our long-termstrategy that we call BRIVolution 2.0 that aims to secure strong and sustainable future growth and helps achieve our vision to be "The Most Valuable Banking Group in
Southeast Asia and Champion of Financial Inclusion".
BRI which will later become the holding company of the UMi Ecosystem has more than 125 years of experience serving the micro segment and is a proven leader in micro banking in Indonesia. As the business environment evolves into a digital economy, BRI has adopted a hybrid bank model strategy by combining our three core strengths - our extensive network supported by BRILink agents, our advanced digital capabilities, and experienced financial advisors. We believe that the integration of BRI's core strengths with Pegadaian and PNM's unique business models will create an integrated business journey for UMi entrepreneurs by providing more extensive, affordable, and faster access to formal financial services.
As part of the establishment of UMi Ecosystem, BRI has prepared robust integration plan and strategies, supported by Bank's in-placed infrastructure and capabilities, to achieve the synergies of the three entities. We
expect that the establishment of the UMi Ecosystem will deliver economic and social benefit for the three Sunarso, CEO BRI entities, the ultra micro segment and the nation's economy. The UMi Ecosystem will also be the catalyst for the
achievement of Sustainable Development Goals (SDGs) by empowering and extending equal access of banking services to the unbanked and underbanked population, as well as underprivileged female entrepreneurs.
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UMi Ecosystem as a Key Source of Growth under BRIVolution 2.0
"The Most Valuable Banking Group in Southeast Asia & Champion of Financial Inclusion"
Our Transformation is
Anchored In Six Themes (6C)
Creating New Growth Engine
Accelerating CASA Growth
Enhancing Cross Sell to Boost Fee Income
Adapting Culture & Capabilities
Improving Customer Experience
Containing Credit Cost
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Establishment of The Ultra Micro Ecosystem
Entities
Market leader in micro
banking, serving the feasible
and banked segment
Market leader in pawn
lending, serving the feasible
and banked segment
Market leader in group lending, empowering the unfeasible and unbanked segment
Source: Company.
Consolidated Ultra Micro Ecosystem for a More Integrated Journey for Customers
3. UPGRADE | ||
2. INTEGRATE | ||
1. EMPOWER | Through their increased | As the Ultra Micro |
capabilities and wider | customers mature, they will | |
product offerings, | be upgraded to micro | |
PNM will empower the | Pegadaian and BRI UMi will | segment |
unfeasible and unbanked | serve the individual lending | |
Ultra Micro customers to | needs of the graduating | |
become independent | PNM customers who have | |
entrepreneurs | become feasible and | |
banked | ||
Benefits |
Economic |
Increasing entity's |
valuation and hence |
shareholder's value |
Social |
Improve living |
standards and |
reduce financing |
costs for UMI |
customers |
Sustainable |
Contribute to |
financial literacy and |
social inclusion for |
all Indonesians |
4 |
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BRI - PT Bank Rakyat Indonesia (Persero) Tbk published this content on 02 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2021 08:21:05 UTC.