JAKARTA – PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), a prominent state-owned financial institution, has successfully initiated a significant share buyback. As part of its 2025 program, the bank reported repurchasing 139,131,400 shares, a move that absorbed a total of Rp512.8 billion in funds.
This strategic buyback was executed following approval from the 2025 Annual General Meeting of Shareholders (AGMS). In an official disclosure submitted to the Otoritas Jasa Keuangan (OJK), BRI’s management revealed that the average execution price for these repurchased shares stood at Rp3,685.79 per share, excluding broker commissions and other associated fees. The state-owned bank aims for a maximum buyback value of Rp3 trillion for 2025, with the flexibility to carry out the purchases gradually or in a single transaction. The entire process is slated for completion no later than 12 months from the AGMS held on March 24, 2025.
Interim Dividend Announcement: PT Bank Rakyat Indonesia (Persero) Tbk. recently disbursed an interim dividend of Rp20.6 trillion, a development that saw BBRI shares surge.
Beyond the ongoing 2025 buyback, BRI also provided an update on the transfer of shares from its previous buyback programs. For the 2022 buyback, the company had repurchased a substantial 647,385,900 shares. Of this amount, 115,037,300 shares have already been transferred, leaving 532,348,600 shares yet to be reallocated.
Market Performance: The Bisnis-27 Index opened strongly, bolstered by the robust performance of shares from companies like ADMR, BBRI, and MAPI.
The transfer of shares from the 2022 buyback was primarily executed to support stock ownership programs for employees, as well as for members of the Board of Directors and the Board of Commissioners, underscoring the company’s commitment to internal stakeholder alignment.
Meanwhile, for the 2023 buyback, BRI had repurchased 293,932,300 shares. To date, no transfers of these shares have been initiated.
Capital Raising: BRI (BBRI) has issued Rp500 billion in Commercial Paper, with strategic reasons underpinning this move.
Management has clarified that the shares acquired through the 2023 buyback will, in principle, also be utilized for employee and management stock ownership programs, in addition to other initiatives sanctioned by the OJK and in compliance with prevailing regulatory frameworks.
In recent trading, BBRI shares closed robustly on Thursday (January 15), settling at Rp3,820 per share. This represented a gain of 100 points, or 2.69%. During the trading session, BBRI opened at Rp3,730 per share, reaching an intraday high of Rp3,850 and a low of Rp3,730.
The market capitalization for BBRI is currently recorded at approximately Rp553.81 trillion, with its price-to-earnings (PER) ratio standing at around 10.30 times, reflecting its valuation in the market.
Over the past 52 weeks, BBRI shares have traded within a range of Rp3,360 to Rp4,450 per share. Furthermore, the company boasts an attractive dividend yield of approximately 9.04%, with a quarterly dividend value of Rp86.33 per share, highlighting its return to shareholders.
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Summary
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) has initiated its 2025 share buyback program, repurchasing 139,131,400 shares at an average price of Rp3,685.79 per share, totaling Rp512.8 billion. This move, approved by the 2025 Annual General Meeting of Shareholders (AGMS), is part of a larger plan targeting a maximum buyback value of Rp3 trillion for 2025. The entire 2025 buyback process is scheduled for completion within 12 months from the March 24, 2025 AGMS.
BRI also updated on previous buybacks: 115,037,300 shares from the 2022 program have been transferred for employee and management stock ownership programs. For the 2023 buyback of 293,932,300 shares, no transfers have occurred yet, though they are similarly intended for internal ownership programs. BBRI shares recently closed at Rp3,820, reflecting a 2.69% gain.