Bank Rakyat Indonesia Rp1.6 trillion acquisition of Asuransi Bringin Jiwa Sejahtera

Overview:

• Bank Rakyat Indonesia (BRI) has acquired 91% of the shares in Asuransi Bringin Jiwa Sejahtera for Rp1.6 trillion from its pension fund Dana Pensiun BRI.
• The transaction is part of a strategy to provide integrated financial services, and BRI has earmarked Rp1.5 trillion to develop Bringin Life over the next three years.
• The target's return on equity (ROE) in the last three years has been a constant 30% and it is expected that BRI's ROE will increase with this acquisition.

Katrin Kostadinova - Data analyst