Holistic Landscape Involving the Banking Industry and the Ultra Micro Community

Abstract

Ministry of State-Owned Enterprise of the Republic of Indonesia (BUMN) recently created Ultra Micro Holding BUMN consisting of PT BRI (Bank Rakyat Indonesia), PT Pegadaian and PT PNM Permodalan Nasional Madani. Permodalan Nasional Madani (PNM) and PT Pegadaian are subsidiaries of PT Bank Rakyat Indonesia (Persero) Tbk (BBR) as part of the establishment of Ultra Micro Holdings (UMi) with BRI as the holding company. The two BUMNs officially became BRI's subsidiaries after the government officially transferred its Series B shares in PNM and Pegadaian to BRI so that the government's shares directly remained only Series A shares in PNM and Pegadaian. When the government issued PP Number 73/2021 concerning the Investment of the State of the Republic of Indonesia into the Share Capital of the Limited Liability Company (Persero) PT Bank Rakyat Indonesia Tbk, this regulation regulates the formation of the Ultra Micro holding, which involves three BUMN entities, namely BRI, Pegadaian, and PNM, until it is finally realized with the joining of the two BUMNs to BRI. The implementation of the integration of these three companies in the field is expected to provide efficiency in the company's operations. In simple terms, it is hoped that aspects of risk and operational costs can be minimized by collaboration and digitalization, for example, by utilizing co-location and optimizing the current huge customer database. This research is aimed to help PT Bank Rakyat Indonesia to analyze the Politic, Economy, Social, Technology, Environment and Legal (PESTEL) landsacape of banking industry in Indonesia in ultra-micro segment.