Positive company fundamentals, banks (agro) stock buyback Rp. 20 billion

Jakarta, May 20, 2025-PT Bank Raya Indonesia Tbk (AGRO) plans to repurchase the company’s shares (buyback) as much as Rp20 billion, gradually and completed a maximum of 12 (twelve months) after the approval of the Annual General Meeting of Shareholders (AGM) on June 25, 2025.

Rustarti Suri Pertiwi as the Director of Finance of the Bank Raya explained, “The implementation of the company’s shares repurchase is motivated by efforts to increase engagement and ownership of workers on the Company. This is by seeing that the buyback program will be continued with the ownership program of workers’ shares and/or management which is part of the overall remuneration scheme for management and/or variable workers.

“In addition, this buyback program also shows the company’s management confidence that the performance and prospects of the company’s performance in the future will continue to improve, so as to provide optimal value to stakeholders. With the implementation of this buyback, it is expected to increase confidence to investors for the company’s fundamental values. added Rustarti.

Fundamentally performance, Bank Raya was able to record positive growth, where until the 1/2025 quarter managed to score a profit of Rp16.92 billion with an increase of 84.7% annually (yoy). Digital business growth is also increasingly showing good growth, reflected in the distribution of digital credit during the first quarter of 2025 which reached Rp6.3 trillion or grew 63.9% (yoy) and APP Raya Transactions which reached 1.1 million transactions that increased 57.1% (yoy). Credit distribution that grows significantly has an impact on the increase in the company’s assets, where the total assets of Bank Great assets reached Rp13.35 trillion or grew 9% (yoy).

“With the existence of this stock buyback, it is proof that the bank strengthens its commitment in building healthy financial fundamentals, to grow sustainably and towards long -term profitability,” Rustarti concluded.

About public banks

Bank Raya is a digital bank part of the BRI Group which is believed to be a BRI digital attacker in the banking industry in Indonesia. Bank Raya Mobile Banking Application (Raya Apps) has a superior product, namely digital deposits with mainstay features such as budget pockets, smart pockets, and guard pockets that help customers manage finances better. Not only that, Raya Apps also provides various features to meet transaction needs such as transfer, credit, top up e-wallet and qris. Raya Apps is available for download on Android and iOS. Bank Raya is also the first digital bank that has a fully digital loan product, namely Pinang, with several superior products such as Pinang Maksima and Pinang Performance that presents productive loans for businesses, Pinang Dana Bahangan, namely loans to support the productivity of brilink agents, multipurpose loans for permanent employees, namely Pinang Flexi, and Pinang Connect

This press release has also been aired on Vritimes