settlement facilities for retail brokerage transactions as well as simplifying BRI priority customer bond transactions managed by wealth management through the integration of the BRIGHTS application. In addition, PT BRI Danareksa Sekuritas will continue to collaborate with the entire BRI Group in the RDN acquisition program through the MESOP program for BRI subsidiaries and customers. BRI Danareksa Sekuritas also carries out exclusive collaboration related to education and marketing programs for BRI ESA customers. Then, BRI Danareksa Sekuritas continues to encourage the expansion of cross selling between BRI and the BRI Group. Synergy with BRI is also implemented to strengthen the underwriting and financial advisory services business with collaboration beyond lending partnerships. With synergy with BRI and the BRI Group, BRI Danareksa Sekuritas plans to return to becoming a large-scale underwriter (high profile underwriter) and obtain financial advisory services customers from the private sector. On the internal side, BRI Danareksa Sekuritas will continue its brand campaign and strategy in order to increase brand awareness. Apart from that, BRI Danareksa Sekuritas will run a loyalty program to provide stimulus to retail customers. BRI Danareksa Sekuritas will also develop the online securities pawning feature on BRIGHTS. In order to face future business dynamics, BRI Danareksa Sekuritas is also making improvements to the back office service system, such as custodial system automation, development and integration of front and back office data to achieve good, effective and efficient work processes. PT BRI Danareksa Sekuritas also continues to strive to increase the capacity and capability of human resources through the human capital framework alignment program with BRI. In carrying out business and strategy in 2024, strengthening Corporate Governance (GCG) will continue to be carried out, especially in terms of risk management, compliance and internal audit. BRI Danareksa Sekuritas strives to implement and receive an assessment on the Corporate Governance Perception Index (CGPI). In addition, in accordance with NO.51/POJK.03/2017, BRI Danareksa Sekuritas will continue to support the implementation of Environmental, Social Responsibility and Governance (ESG) through the Sustainable Financial Action Plan (RAKB) program. PT PERMODALAN NASIONAL MADANI (PNM) PNM asset in 2023 reached IDR51.11 trillion, an increase of 9.33% compared to 2022 which amounted to IDR46.74 trillion. This increase mainly came from an increase in productive financing assets, which in 2023 reached IDR47.09 trillion, an increase of 10.58% compared to 2022 which amounted to IDR42.59 trillion. In terms of revenue, PNM posted revenue in 2023 of IDR15.38 trillion, an increase of 19.76% compared to 2022 which amounted to IDR12.84 trillion. This increase mainly came from an increase in financing income from PNM Mekaar and UlaMM, which in 2023 was recorded at IDR41.97 trillion, an increase of 17.18% compared to 2022 which amounted to IDR35.81 trillion. Likewise, PNM’s net profit for the 2023 period increased by 78.34% from IDR945.43 billion in 2022 to IDR1,69 trillion in 2023This increase was supported by the growth in outstanding financing with controlled quality of productive assets. Table of PT Permodalan Nasional Madani Performance (Productivity) (in IDR million) Description 2023 2022 Growth (Nominal) (%) Asset 51,106,905 46,744,758 4,362,147 9.33% Disbursement of Financing 71,016,143 64,533,172 6,462,971 10.01% Outstanding 47,094,856 42,588,393 4,506,463 10.58% PT Permodalan Nasional Madani Strategy in 2023 PNM determined strategies and strategic policies to achieve the company’s targets for 2023 as follows: 1. Changes to PNM’s organizational structure were carried out in order to support long-term strategic initiatives and company sustainability. 2. Selective and effective market penetration. In this case, PNM mapped areas that have the potential to be financed, expanding service areas through opening Mekaar unit offices in potential areas and increasing the productivity of existing unit offices, embracing old customers by improving the quality of training/customer assistance through development programs business capacity. 3. Development of financing products to meet customer needs. 4. Increasing financial literacy and increasing financial inclusion for Mekaar customers through customer group meetings and synergy activities 5. Increasing the level of corporate governance through operational and loan risk management as well as measuring the Corporate Governance Performance Index (CGPI). 6. Development of a digitalization system to increase the efficiency and effectiveness of business processes, including updating the Mekaar Digi financing application and increasing hardware capabilities and IT security systems. PT Bank Rakyat Indonesia (Persero) Tbk. 2023 Annual Report 256
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