Support Financial Inclusion, BRIDS and OJK Educate TPAKD Members Across Indonesia

Jakarta, 4 June 2024 - BRI Danareksa Sekuritas (BRIDS) supports the financial inclusion and capital market acceleration program launched by the Financial Services Authority (OJK) together with the Indonesian Stock Exchange (BEI) through briefings on capital markets and investment to representatives of members of the Financial Access Acceleration Team Regions (TPAKD) throughout Indonesia in Jakarta.

TPAKD is a coordination forum consisting of regional governments, regulators, financial services institutions (LJK) and academics, which was formed to increase the acceleration of financial access in the regions to encourage regional economic growth and create a more prosperous society. As of March 31, 2024, it was recorded that 518 TPAKDs had been formed, with details of 34 TPAKDs at the provincial level and 484 at the district/city level.

In this activity, BRIDS provided education to representatives of TPAKD members throughout Indonesia regarding financial and investment planning in one of a series of 2024 TPAKD Member Certification and Capacity Building activities entitled "Optimizing the Role and Function of TPAKD in the Context of Accelerating Utilization of Capital Market Products and Services" which was held in Jakarta.

In his written statement, BRIDS President Director Laksono Widodo said that the Company is grateful to the OJK and BEI for trusting BRIDS to support this national strategic project in the education sector, namely by providing training to the TPAKD team so that in the future they can carry out financial literacy and inclusion work programs in the sector. capital market.

"BRIDS is committed to continuing to encourage increased financial literacy and inclusion in the capital markets sector in Indonesia through various ongoing educational programs, and of course through collaboration with regulators and related institutions, as a form of implementing the Company's mission to focus on retail market development and to continue providing value added for investors in Indonesia," concluded Laksono.

Based on the results of the National Financial Literacy and Inclusion Survey conducted by OJK in 2022, it is known that the national financial inclusion level has reached 85.10%, however specifically in the capital markets sector it is still around 16.13%. On the other hand, the national financial literacy level is 49.68%, however, in the capital markets sector it is still at 4.11%.

The Chief Executive for Supervising the Behavior of Financial Services Business Actors, Education and Consumer Protection at OJK, Friderica Widyasari Dewi, in her speech at the TPAKD Certification activity, said that this activity is a form of OJK's commitment to increasing the capacity and capability of TPAKD members, which is carried out continuously and sustainably.

"Synergy and collaboration between all stakeholders will continue to be coordinated in the Regional Financial Access Acceleration Team, which is a very important and crucial forum in efforts to accelerate financial access," explained Friderica.

Furthermore, Friderica emphasized the need for extraordinary efforts to increase financial literacy and inclusion nationally, especially in the capital markets sector. Friderica also hopes that through this activity TPAKD members can develop work programs that focus on making the best use of capital market financial products and services.