PT Bank Raya Indonesia Tbk is a subsidiary of Bank Rakyat Indonesia (BRI), focusing on digital banking services. Here's an overview of the company: ## Company Background - Establishment: Originally founded as PT Bank Agro on September 27, 1989, by Dana Pensiun Perkebunan (Dapenbun)[3][5]. - Transformation: Acquired by Bank Rakyat Indonesia in 2011 and renamed PT Bank Rakyat Indonesia Agroniaga Tbk. It was later renamed PT Bank Raya Indonesia Tbk in September 2021 as part of its transformation into a digital bank[3][5]. ## Business Operations - Segments: Operates through segments including consumer, retail, medium, and others[2][4]. - Products and Services: Offers a range of banking services such as savings deposits, demand deposits, time deposits, cash management, lending services, and other credit facilities. It also provides digital services like the "Pinang" app for loan applications and the "Raya App" for mobile banking[1][3][4]. - Geographical Presence: Has a presence across Indonesia with various branches and offices[4]. ## Sustainability and Governance - ESG Rating: Holds a medium ESG risk rating, with average management of ESG material risks[2]. - Awards and Recognition: Recognized for excellence in financial innovation and sustainability[1]. ## Financial Performance - Stock Performance: Listed on the Indonesia Stock Exchange with the ticker AGRO[5]. - Revenue Streams: Generates revenue primarily from interest income[2][4].