State bank BRI (BBRI) has clearly assigned subsidiary PT BRI Agroniaga Tbk (AGRO) as ‘digital attacker’, while BRI will maintain its operation as a conventional bank with more digital features. In the past 12 months, stock price of AGRO skyrocketed from Rp330 to as high as Rp2,920 before retreating to around Rp2,200 this morning, representing market capitalization of Rp44.7 trillion, about three times of the country’s largest mortgage bank BTN (BBTN).To subscribe please click here
