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BRI, the country's largest lender by assets, will be merged with pawnshop chain Pegadaian and Permodalan Nasional Madani (PNM),. KONTAN/Cheppy A. Muchlis
BRI, the country's largest lender by assets, will be merged with pawnshop chain Pegadaian and Permodalan Nasional Madani (PNM),. KONTAN/Cheppy A. Muchlis

KONTAN.CO.ID - JAKARTA. Indonesia's state-owned enterprises minister said on Wednesday the government is looking to merge state-controlled Bank Rakyat Indonesia (BRI) with two state financial firms in June, but the bank's CEO said a final decision on that was still pending.

BRI, the country's largest lender by assets, will be merged with pawnshop chain Pegadaian and Permodalan Nasional Madani (PNM), a financing firm focusing on micro businesses, SOE Minister Erick Thohir told an economic forum hosted by CNBC Indonesia.

"We had a meeting with BRI yesterday and I want to make sure in June there will be an extraordinary merger between BRI, PNM and Pegadaian," he said.

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