Bank Rakyat Indonesia (BRI) was first established in Purwokerto, Central Java, in 1895 by Raden Arya Wirjatmadja. The bank, which was called Hulp-en Spaarbank der Inlandsche Bestuurs Ambtenaren, or Support and Savings Bank of the Indegenous civil servants, is the first state-onwed bank in Indonesia. After undergoing several changes during the post-independence era, Bank Rakyat Indonesia was transformed into PT. Bank Rakyat Indonesia (Persero) on August 1st 1992, in which 100% ownership of the bank was in the government of Indonesia.  On November 10th, 2003, BRI became a publicly listed company and the government divested 30% of its shares to the public. Since the Go Public, the price of BRI’s shares have always increased and are now included in the Blue Chips shares belonging to the LQ45 group. With the public controlling 43% of its shares, BRI’s shares are actively traded in the capital market. Today, BRI stands out as a strong bank in the midst of the Indonesian economy from the villages to the cities.