Jakarta, Nov. 9 -- PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) is considering corporate actions at the subsidiary level following directives from the Danantara Investment Management Agency (BPI Danantara) to streamline state-owned enterprises (SOEs).

The company is considering options including consolidation, mergers, and acquisitions.

"Regarding this streamlining, most likely there will indeed be corporate actions later. Whether in the form of consolidation, merger, or acquisition," BRI Deputy President Director Viviana Dyah Ayu Retno said at a press conference in Jakarta on Monday.

Retno said BRI supports Danantara's agenda to streamline SOEs and optimize its portfolio, noting that the step is necessary to make state company manage...