Bank Rakyat Indonesia (BRI) is one of the largest state-owned banks in Indonesia. Initially, Bank Rakyat Indonesia (BRI) was established in Purwokerto, Central Java by Raden Bei Aria Wirjaatmadja under the name of De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden or "Help and Savings Bank of the Aristocrats in Purwokerto", a financial institution which served people of the Indonesian nationality (the natives). The institution was incorporated on December 16, 1895, which later becomes the anniversary of BRI.
Since August 1, 1992, under the Banking Law No. 7 year 1992 and Regulation of the Government of the Republic of Indonesia No. 21 year 1992, BRI’s status has been changed into a limited liabilities company. At that time, BRI’s ownership was still in the hand of the Government of the Republic of Indonesia for 100%. In 2003, the Indonesian Government decided to sell 30% of the bank’s shares, and therefore the bank became a public company under the official name of PT. Bank Rakyat Indonesia (Persero) Tbk., which is still used until now.