State-owned Bank Rakyat Indonesia (BBRI) is set to become a holding entity for Ultra Micro Company by merging with state pawnshop PT Pegadaian and state investment firm PT Permodalan Nasional Madani (PNM). Finance Minister Sri Mulyani Indrawati said on Monday (Feb. 8) that ultra-micro companies’ holding will serve the ultra-micro segment. BBRI’s assets reached Rp1,511 trillion per December 2020, Pegadaian Rp70.88 trillion per September 2020, and PNM Rp28.4 trillion per November 2020.

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