PT Bank Rakyat Indonesia (Persero) Tbk. (BRI), listed as IDX: BBRI, has announced a significant strategic move: a stock buyback. This initiative is designed to bolster its employee stock ownership program and simultaneously underscores the company’s strong optimism regarding BRI‘s sustained long-term performance.
The BBRI stock buyback received approval from the Annual General Meeting of Shareholders (AGMS) held on March 24, 2025. The approved amount for this action is a maximum of IDR 3 trillion. The buyback will be executed either through the stock exchange or off-exchange, in stages or all at once, and must be completed within 12 months from the AGMS date.
Furthermore, the implementation of the BBRI share buyback adheres strictly to prevailing regulations, including Article 43 of Financial Services Authority (OJK) Regulation No. 29 of 2023, ensuring full compliance and transparency.
Currently, BBRI shares are assessed as undervalued. This assessment is supported by Bloomberg data from Friday, October 31, 2025, which shows that out of 37 analysts covering BBRI stock, 30 analysts, or approximately 81%, recommend a “buy” rating. Their average 12-month target price stands at IDR 4,651 per share, reflecting strong market confidence in the stock’s future appreciation.
Further solidifying the undervalued status of BBRI, the company’s Price-to-Book Value (PBV) was recorded at 1.80x as of October 31, 2025. This figure remains below BRI‘s 5-year average PBV, indicating that the stock is indeed priced attractively relative to its book value.
During the Q3 2025 Financial Performance Presentation Press Conference on October 30, Viviana Dyah Ayu, BRI’s Director of Finance & Strategy, affirmed that the company still possesses a dedicated budget allocation for the stock buyback.
“We secured a budget of approximately IDR 3 trillion, and we currently have that budget available, ready to be utilized as soon as we observe favorable movements in BBRI‘s stock price. We indeed view BBRI shares as undervalued at this moment, and we are actively considering proceeding with the buyback,” Viviana stated, highlighting the strategic timing and motivation behind the potential action.
From a financial performance perspective, BRI recorded positive and sustainable results through the end of Q3 2025. The company achieved a net profit of IDR 41.2 trillion, driven by healthy and positively growing key performance indicators across its operations.
Notably, BRI‘s total assets grew by 8.2% year-on-year (YoY), reaching IDR 2,123.4 trillion. On the funding side, Third-Party Funds (DPK) showed robust growth, increasing by 8.2% YoY to IDR 1,474.8 trillion. Concurrently, BRI‘s credit disbursement, a key intermediation function, expanded by 6.3% YoY to IDR 1,438.1 trillion.
These impressive achievements are underpinned by a robust capital position. BRI‘s Capital Adequacy Ratio (CAR) stood at a strong 25.4%, comfortably above the minimum regulatory requirements, ensuring financial stability and resilience.
“Additionally, from a liquidity standpoint, the bank’s Loan to Deposit Ratio (LDR) is at a very adequate level of 86.5%. This figure provides BRI with ample liquidity to continue its healthy and sustainable growth trajectory,” Viviana concluded, reinforcing the bank’s strong foundational metrics supporting its future prospects.
Summary
PT Bank Rakyat Indonesia (IDX: BBRI) has announced a stock buyback of up to IDR 3 trillion, approved by shareholders on March 24, 2025. This strategic move aims to bolster its employee stock ownership program and underscores the company’s confidence in its sustained long-term performance. The decision is partly driven by an assessment that BBRI shares are undervalued, supported by Bloomberg data showing 81% analyst “buy” recommendations and a Price-to-Book Value (PBV) of 1.80x, which is below its five-year average.
BRI’s Director of Finance & Strategy confirmed the IDR 3 trillion budget is available, highlighting the company’s robust financial health. The bank reported a net profit of IDR 41.2 trillion by Q3 2025, with total assets and Third-Party Funds growing by 8.2% year-on-year. Furthermore, credit disbursement increased by 6.3%, underpinned by a strong Capital Adequacy Ratio of 25.4% and an adequate Loan to Deposit Ratio of 86.5%, ensuring financial stability and ample liquidity for continued growth.