PT Bank Rakyat Indonesia (BRI) has regained strong momentum in the eyes of global investors, following a fresh buy recommendation upgrade in the wake of the Indonesian government’s recent placement of Rp55 trillion (US$3.3 billion) in the bank.

On Friday, September 12, 2025, global investment giant Goldman Sachs upgraded its rating on BRI’s shares (BBRI) from neutral to buy, raising its target price to Rp4,760 per share, up from Rp4,180 previously. This move positions BRI as one of the most attractive national banking stocks for global investors.

Bloomberg Intelligence also noted that BRI is set to benefit the most among state-owned banks (Himbara), supported by improved liquidity fundamentals in Indonesia’s banking industry. A Bloomberg consensus echoed this optimism: out of 39 analysts tracking BRI, 31 issued buy recommendations, seven advised hold, and none recommended sell. The 12-month consensus target price stood at Rp4,602 per share.

BRI attributed this positive sentiment to the Ministry of Finance’s decision to place Rp200 trillion in state-owned banks, with BRI receiving the largest allocation at Rp55 trillion. Management views this as a confidence boost that will significantly enhance liquidity and support faster credit expansion.

“This fund placement not only strengthens our liquidity but also expands our capacity to accelerate lending, especially to Micro, Small and Medium Enterprises (MSMEs) and other priority government programs,” BRI President Director Hery Gunardi said as quoted by katadata.co.id on Friday, September 19, 2025.

He added that the injection will create broad multiplier effects, from job creation to strengthening household purchasing power and driving inclusive, sustainable national economic growth.

As of the end of the second quarter (Q2) 2025, BRI’s total loans stood at Rp1,363.3 trillion, with MSMEs accounting for the largest share at 84.4 percent (Rp1,150 trillion). This cements BRI’s position as Indonesia’s market leader in MSME financing and underscores its vital role in supporting grassroots economic development.

Hery emphasized that BRI will continue to apply prudential banking principles and good corporate governance to ensure the funds are used effectively. “We are committed to ensuring every rupiah is channeled appropriately and delivers real added value for customers, MSME players, and Indonesia’s economy as a whole,” he said.

With strong government backing, growing global investor trust, and solid financial fundamentals, BRI remains confident in its ability to drive national economic growth while maintaining its position as the leading bank for MSME empowerment in Indonesia.