Bank Rakyat

Bank Rakyat's net profit rose 7.85% yoy to IDR 9,574 bil in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat made a net profit of IDR 9,574 bil under revenues of IDR 29,167 bil in the fourth quarter of 2019, up 7.85% and 1...

Bank Rakyat's npls (as % of loans) fell 0.015% yoy to 6.93% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Rakyat's non-performing loans reached 6.93% of total loans at the end of 2019-12-31, down from 6.93% compared to the previou...

Bank Rakyat's market capitalisation (end of period) rose 25.4% yoy to USD 38,888 mil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Rakyat stock traded at IDR 4,400 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 38,888 ...

Profit Statement 2017 2018 2019
Net Interest Income IDR bil 73,018 77,666 81,707
Net Fee Income IDR bil 10,442 12,019 ...
Other Income IDR bil 4,173 6,150 ...
Total Revenues IDR bil 87,634 95,835 104,105
Staff Cost IDR bil 20,441 22,423 24,243
Operating Profit IDR bil 48,760 53,316 57,936
Provisions IDR bil 11,943 11,583 14,490
Net Profit IDR bil 28,987 32,347 34,373
Balance Sheet 2017 2018 2019
Interbank Loans IDR bil 79,300 109,092 149,675
Customer Loans IDR bil 702,496 815,669 876,171
Debt Securities IDR bil 190,340 185,872 197,716
Total Assets IDR bil 1,127,450 1,296,900 1,416,760
Shareholders' Equity IDR bil 168,008 185,275 208,784
Interbank Borrowing IDR bil 36,399 62,413 78,100
Customer Deposits IDR bil 841,656 944,269 1,021,200
Issued Debt Securities IDR bil 42,827 57,219 60,780
Ratios 2017 2018 2019
ROE % 18.4 18.3 17.4
ROA % 2.72 2.67 2.53
Costs (As % Of Assets) % 3.65 3.51 3.40
Costs (As % Of Income) % 44.4 44.4 44.3
Capital Adequacy Ratio % 23.0 21.2 22.8
Net Interest Margin % 6.85 6.41 6.02
Loans (As % Of Deposits) % 83.5 86.4 85.8
NPLs (As % Of Loans) % 6.89 6.93 6.93
Provisions (As % Of NPLs) % 58.5 59.5 61.8
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 32,745 31,011 38,888
Share Price (End Of Period) IDR 3,640 3,660 4,400
Price/Earnings (P/E) 15.4 13.8 15.7
Price/Book Value (P/BV) 2.65 2.41 2.58
Dividend Yield % 2.93 3.61 ...
Earnings Per Share (EPS) IDR 237 265 281
Book Value Per Share IDR 1,373 1,516 1,707
Dividend Per Share IDR 107 132 ...

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                        
Net Interest Income IDR bil                           44,106 51,442 58,280 65,418 73,018    
Total Revenues IDR bil                           50,501 58,647 68,351 77,935 87,634    
Operating Profit IDR bil                           28,133 31,931 37,086 43,170 48,760    
Net Profit IDR bil                           21,263 24,204 25,382 26,190 28,987    
balance sheet                                        
Interbank Loans IDR bil                           60,182 111,619 59,416 90,723 79,300    
Customer Loans IDR bil                           428,071 489,739 554,599 632,702 702,496    
Debt Securities IDR bil                           47,187 88,474 128,696 135,384 190,340    
Total Assets IDR bil                           626,183 801,984 878,426 1,003,640 1,127,450    
Shareholders' Equity IDR bil                           79,327 97,706 113,127 146,813 168,008    
Interbank Borrowing IDR bil                           14,653 45,667 34,043 29,078 36,399    
Customer Deposits IDR bil                           504,281 622,322 668,995 754,526 841,656    
Issued Debt Securities IDR bil                           6,243 11,768 34,558 41,272 42,827    
ratios                                        
ROE % ...                         29.5 27.3 24.1 20.2 18.4    
ROA % ...                         3.61 3.39 3.02 2.78 2.72    
Costs (As % Of Assets) % ...                         3.80 3.74 3.72 3.69 3.65    
Costs (As % Of Income) %                           44.3 45.6 45.7 44.6 44.4    
Capital Adequacy Ratio %                           17.0 18.3 20.6 22.9 23.0    
Net Interest Margin % ...                         7.49 7.20 6.94 6.95 6.85    
Interest Income (As % Of Revenues) %                           87.3 87.7 85.3 83.9 83.3    
Fee Income (As % Of Revenues) %                           9.63 10.4 10.8 11.8 11.9   ...
Staff Cost (As % Of Total Cost) %                           54.7 53.0 53.1 53.2 52.6    
Equity (As % Of Assets) %                           12.7 12.2 12.9 14.6 14.9    
Loans (As % Of Deposits) %                           84.9 78.7 82.9 83.9 83.5    
Loans (As % Assets) %                           68.4 61.1 63.1 63.0 62.3    
NPLs (As % Of Loans) %                           1.74 4.49 4.73 7.73 6.89    
Provisions (As % Of NPLs) %                           196 70.0 63.5 44.1 58.5    
valuation                                        
Market Capitalisation (End Of Period) USD mil ... ... ...                     14,696 23,121 20,168 21,080 32,745    
Number Of Shares (Average) mil ... ...                       123,346 123,346 123,239 122,238 122,387    
Share Price (End Of Period) IDR ... ... ...                     1,450 2,330 2,285 2,335 3,640    
Earnings Per Share (EPS) IDR ... ...                       172 196 206 214 237    
Book Value Per Share IDR ... ...                       643 792 918 1,201 1,373    
Dividend Per Share IDR                           51.5 59.0 62.3 85.7 107   ...
Price/Earnings (P/E) ... ... ...                     8.41 11.9 11.1 10.9 15.4    
Price/Book Value (P/BV) ... ... ...                     2.25 2.94 2.49 1.94 2.65    
Dividend Yield % ... ... ...                     3.55 2.53 2.73 3.67 2.93   ...
Earnings Per Share Growth % ... ... ...                     10.7 13.8 4.95 4.03 10.5    
Book Value Per Share Growth % ... ... ...                     18.9 23.2 15.9 30.8 14.3    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                        
Interest Income IDR bil                           59,461 75,122 85,434 93,995 102,912    
Interest Cost IDR bil                           15,355 23,680 27,154 28,577 29,894    
Net Interest Income IDR bil                           44,106 51,442 58,280 65,418 73,018    
Net Fee Income IDR bil                           4,862 6,072 7,356 9,223 10,442   ...
Other Income IDR bil                           1,532 1,132 2,715 3,294 4,173   ...
Total Revenues IDR bil                           50,501 58,647 68,351 77,935 87,634    
Staff Cost IDR bil                           12,232 14,166 16,599 18,485 20,441    
Depreciation IDR bil ... ... ... ... ... ... ... ... ...         678 919 1,094 1,225 1,583    
Other Cost IDR bil ... ... ... ... ... ... ... ... ...         9,457 11,630 13,571 15,055 16,850    
Operating Cost IDR bil                           22,368 26,715 31,265 34,765 38,874    
Operating Profit IDR bil                           28,133 31,931 37,086 43,170 48,760    
Provisions IDR bil                           1,999 3,620 6,558 9,203 11,943    
Extra and Other Cost IDR bil                           -1,668 -2,478 -1,944 0.605 -193    
Pre-Tax Profit IDR bil                           27,802 30,790 32,472 33,966 37,010    
Tax IDR bil                           6,529 6,574 7,078 7,744 7,975    
Minorities IDR bil                           10.2 11.7 13.0 32.2 47.9    
Net Profit IDR bil                           21,263 24,204 25,382 26,190 28,987    
Dividends IDR bil                           6,348 7,272 7,623 10,478 13,048   ...
growth rates                                        
Net Interest Income Growth % ...                         25.5 16.6 13.3 12.2 11.6    
Net Fee Income Growth % ...                         -7.70 24.9 21.1 25.4 13.2   ...
Total Revenue Growth % ...                         18.5 16.1 16.5 14.0 12.4    
Operating Cost Growth % ...                         14.6 19.4 17.0 11.2 11.8    
Operating Profit Growth % ...                         21.8 13.5 16.1 16.4 12.9    
Pre-Tax Profit Growth % ...                         16.6 10.7 5.46 4.60 8.96    
Net Profit Growth % ...                         13.9 13.8 4.86 3.18 10.7    
market share                                        
Market Share in Revenues % ... ... ... ... ...                 14.3 14.8 15.6 15.5 17.0 ... ...
Market Share in Net Profit % ... ... ... ... ...                 19.0 21.2 25.6 27.7 22.5 ... ...
Market Share in Branches %                           ... ... ... ... ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                        
Cash IDR bil                           59,890 73,654 90,489 80,848 82,954    
Interbank Loans IDR bil                           60,182 111,619 59,416 90,723 79,300    
Customer Loans IDR bil                           428,071 489,739 554,599 632,702 702,496    
Retail Loans IDR bil ... ... ...                     74,704 82,169 89,668 101,074 117,744    
Mortgage Loans IDR bil ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ...
Consumer Loans IDR bil ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ...
Corporate Loans IDR bil ... ... ... ... ...                 357,944 416,197 475,029 543,395 599,146    
Debt Securities IDR bil                           47,187 88,474 128,696 135,384 190,340    
Fixed Assets IDR bil                           3,973 5,917 8,039 24,515 24,752    
Intangible Assets IDR bil                           0 0 0 0 0    
Goodwill IDR bil ... ... ... ... ... ... ... ... ...         0 0 0 0 0    
Total Assets IDR bil                           626,183 801,984 878,426 1,003,640 1,127,450    
Shareholders' Equity IDR bil                           79,327 97,706 113,127 146,813 168,008    
Of Which Minority Interest IDR bil                           164 175 294 391 816    
Liabilities IDR bil                           546,856 704,278 765,299 856,832 959,440    
Interbank Borrowing IDR bil                           14,653 45,667 34,043 29,078 36,399    
Customer Deposits IDR bil                           504,281 622,322 668,995 754,526 841,656    
Sight Deposits IDR bil                           79,337 90,052 114,367 142,547 147,436    
Term Deposits IDR bil                           424,944 532,270 554,628 611,980 694,221    
Issued Debt Securities IDR bil                           6,243 11,768 34,558 41,272 42,827    
Subordinated Debt IDR bil ... ... ...                     2,097 77.6 56.5 1,009 986    
Other Liabilities IDR bil                           21,678 24,522 27,703 31,956 38,558    
asset quality                                        
Non-Performing Loans IDR bil                           7,729 22,693 27,023 50,641 50,454    
Gross Loans IDR bil                           443,243 505,625 571,761 655,017 732,022    
Total Provisions IDR bil                           15,172 15,886 17,162 22,314 29,527    
growth rates                                        
Customer Loan Growth % ...                         25.2 14.4 13.2 14.1 11.0    
Retail Loan Growth % ... ... ... ...                   20.1 9.99 9.13 12.7 16.5    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ...
Corporate Loan Growth % ... ... ... ... ... ...               25.8 16.3 14.1 14.4 10.3    
Total Asset Growth % ...                         13.6 28.1 9.53 14.3 12.3    
Shareholders' Equity Growth % ...                         22.3 23.2 15.8 29.8 14.4    
Customer Deposit Growth % ...                         12.0 23.4 7.50 12.8 11.5    
market share                                        
Market Share in Customer Loans % ... ... ... ...                   12.5 12.9 13.6 14.5 14.8 ... ...
Market Share in Corporate Loans % ... ... ... ... ...                 22.7 23.7 23.9 25.8 26.5 ... ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ...       7.99 4.96 5.02 4.59 5.02 ... ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ...
Market Share in Total Assets %                           12.7 14.3 14.4 15.1 15.5 ... ...
Market Share in Customer Deposits %                           14.8 16.4 16.4 16.7 17.1 ... ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                        
ROE % ...                         29.5 27.3 24.1 20.2 18.4    
ROA % ...                         3.61 3.39 3.02 2.78 2.72    
Costs (As % Of Assets) % ...                         3.80 3.74 3.72 3.69 3.65    
Costs (As % Of Income) %                           44.3 45.6 45.7 44.6 44.4    
Capital Adequacy Ratio %                           17.0 18.3 20.6 22.9 23.0    
Tier 1 Ratio % ... ... ...                     17.1 17.5 16.8 21.9 22.0    
Net Interest Margin % ...                         7.49 7.20 6.94 6.95 6.85    
Interest Spread % ...                         7.13 6.73 6.47 6.47 6.37    
Asset Yield % ...                         10.1 10.5 10.2 9.99 9.66    
Cost Of Liabilities % ...                         2.97 3.79 3.70 3.52 3.29    
Payout Ratio %                           29.9 30.0 30.0 40.0 45.0   ...
Interest Income (As % Of Revenues) %                           87.3 87.7 85.3 83.9 83.3    
Fee Income (As % Of Revenues) %                           9.63 10.4 10.8 11.8 11.9   ...
Other Income (As % Of Revenues) %                           3.03 1.93 3.97 4.23 4.76   ...
Cost Per Employee USD per month                           2,338 1,969 1,926 1,921 2,081   ...
Cost Per Employee (Local Currency) IDR per month                           24,358,000 24,184,400 25,214,900 26,159,800 28,070,700   ...
Staff Cost (As % Of Total Cost) %                           54.7 53.0 53.1 53.2 52.6    
Equity (As % Of Assets) %                           12.7 12.2 12.9 14.6 14.9    
Loans (As % Of Deposits) %                           84.9 78.7 82.9 83.9 83.5    
Loans (As % Assets) %                           68.4 61.1 63.1 63.0 62.3    
NPLs (As % Of Loans) %                           1.74 4.49 4.73 7.73 6.89    
Provisions (As % Of NPLs) %                           196 70.0 63.5 44.1 58.5    
Provisions (As % Of Loans) %                           3.54 3.24 3.09 3.53 4.20    
Cost of Provisions (As % Of Loans) % ...                         0.519 0.789 1.26 1.55 1.79    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                        
Branches                           9,360 10,414 10,631 10,662 10,665    
Employees                           41,848 48,814 54,859 58,885 60,683   ...
Sight (As % Of Customer Deposits) %                           15.7 14.5 17.1 18.9 17.5    
Risk-Weighted Assets IDR bil ... ... ...                     408,858 468,182 537,075 623,858 704,516    
Return on Loans % ...                         5.52 5.27 4.86 4.41 4.34    
Operating Profit (As % of Loans) % ...                         7.31 6.96 7.10 7.27 7.30    
Costs (As % Of Loans) % ...                         5.81 5.82 5.99 5.86 5.82    
Equity (As % Of Loans) %                           18.5 20.0 20.4 23.2 23.9    

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Bank Rakyat's net interest margin fell 2.59% yoy to 6.21% in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's net interest margin amounted to 6.21% in the fourth quarter of 2019, down from 6.37% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 14.1% in 4Q2010 and an all time low of 6.0...

Bank Rakyat's capital adequacy ratio rose 7.36% yoy to 22.8% in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's capital adequacy ratio reached 22.8% at the end of fourth quarter of 2019, up from 21.6% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 23.0% in 4Q2017 and an all time low of 13.2% in 4Q2008. ...

Bank Rakyat's price/earnings (P/E) rose 11.8% yoy to 14.1 in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat stock traded at IDR 4,400 per share at the end fourth quarter of 2019 implying a market capitalization of USD 38,888 mil. Since the end of 4Q2014, the stock has appreciated by 88.8 % implying an annual average growth of 13.6 %. In absolute terms, the value...

Bank Rakyat's equity (as % of assets) rose 3.16% yoy to 14.7% in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's Equity reached 14.7% of total assets in the 4Q2019, up from 14.3% for the previous year. As a share of net customer loans, the ratio amounted to 23.8% at the end of the fourth quarter of 2019. ...

Bank Rakyat's customer loan growth fell 54.0% yoy to 7.42% in 4Q2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's customer loan growth reached 7.42% in 2019-12-31, down from 16.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 47.3% in 2008-09-30 and an all time low of 7.42% in 2019-12-31. In the last de...

Bank Rakyat's net profit rose 6.26% yoy to IDR 34,373 bil in 2019

By Helgi Analytics - March 3, 2020

Bank Rakyat made a net profit of IDR 34,373 bil under revenues of IDR 104,105 bil in 2019, up 6.26% and 8.63% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of IDR 34,373 bil in 2019 and an all time low of IDR...

Bank Rakyat's npls (as % of loans) fell 0.015% yoy to 6.93% in 2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's non-performing loans reached 6.93% of total loans at the end of 2019, down from 6.93% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.73% in 2016 and an all time low of 1.43% in 2012. Provision coverage amo...

Bank Rakyat's net interest margin fell 6.01% yoy to 6.02% in 2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's net interest margin amounted to 6.02% in 2019, down from 6.41% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 10.5% in 2005 and an all time low of 6.02% in 2019. The average margin i...

Bank Rakyat's price/earnings (P/E) rose 13.2% yoy to 15.7 in 2019

By Helgi Analytics - March 3, 2020

Bank Rakyat stock traded at IDR 4,400 per share at the end 2019 implying a market capitalization of USD 38,888 mil. Since the end of 2014, the stock has appreciated by 88.8 % implying an annual average growth of 13.6 %. In absolute terms, the value of the company ...

Bank Rakyat's capital adequacy ratio rose 7.36% yoy to 22.8% in 2019

By Helgi Analytics - March 3, 2020

Bank Rakyat's capital adequacy ratio reached 22.8% at the end of 2019, up from 21.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 23.0% in 2017 and an all time low of 13.2% in 2008. The Tier 1 ratio amounted to...

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