PT Bank Raya Indonesia Tbk.

PT Bank Raya Indonesia Tbk. is an Indonesian financial institution, founded by the Plantation Pension Fund (Dapenbun) in 1989. Formerly known as PT Bank AGRO, it underwent significant transformations and became a public company in 2003. The bank transitioned to PT Bank Rakyat Indonesia Agroniaga Tbk in 2012, following an acquisition by PT Bank Rakyat Indonesia (Persero) Tbk (BRI). This strategic alliance has led to the development of digital services, exemplified by the launch of its first digital loan product, PINANG, in 2019. Additionally, BRI Agro has become the main digital bank serving micro and small segments of society as of 2021. With its focus on empowering and expanding the gig economy in Indonesia, the bank is dedicated to supporting small and medium-sized enterprises (SMEs) throughout the country. This emphasis on digitalization and financial inclusion, coupled with the backing of PT Bank Rakyat Indonesia, positions PT Bank Raya Indonesia Tbk. as a key player in the Indonesian finance and banking industries.