Bank Rakyat Indonesia

+22.22%

More reviews (2)

Live  

Bank Rakyat Indonesia, also known as BRI, is the oldest and one of the largest state-owned commercial banks in Indonesia. It was founded in 1895 and was initially known as "De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden". In the first years of its establishment, BRI mainly served the financial needs of farmers, agricultural workers, and landowners. However, over the years, BRI has expanded its services to cater to a wider range of clients, including individuals, small businesses, and large corporations.
Today, BRI offers a wide range of banking and financial services, including savings and deposit accounts, loans and credit facilities, investment products, and electronic banking services. It also provides microfinance services to small businesses and micro-entrepreneurs through its subsidiary, Bank BRI Unit Desa (BPD).
BRI has a strong presence in Indonesia, with over 10,000 branch offices and more than 50,000 ATMs spread across the country. It also has a growing international presence, with branches and representative offices in several countries, including Singapore, Hong Kong, the United Kingdom, and Japan.
The company is committed to promoting financial inclusion and providing affordable financial services to the people of Indonesia, particularly those in rural and underprivileged areas. It also has a strong focus on sustainable development and has implemented various initiatives to support social and environmental causes.
Overall, Bank Rakyat Indonesia is a reputable and well-established company that plays a significant role in the Indonesian banking sector, contributing to the country's economic growth and development.

MS4gT2xkZX N0IGFuZCBs YXJnZXN0IH N0YXRlLW93 bmVkIGJhbm sgaW4gSW5k b25lc2lhOi BCYW5rIFJh a3lhdCBJbm RvbmVzaWEg KEJSSSkgd2 FzIGVzdGFi bGlzaGVkIG luIDE4OTUs IG1ha2luZy BpdCB0aGUg b2xkZXN0IG JhbmsgaW4g SW5kb25lc2 lhLiBJdCBp cyBhbHNvIH RoZSBsYXJn ZXN0IHN0YX RlLW93bmVk IGJhbmsgaW 4gdGhlIGNv dW50cnksIH dpdGggb3Zl ciAxMCwwMD AgYnJhbmNo ZXMgYW5kIG 1vcmUgdGhh biA5MCBtaW xsaW9uIGN1 c3RvbWVycy 48YnI+Mi4g Rm9jdXMgb2 4gbWljcm9m aW5hbmNlOi BCUkkgaXMg a25vd24gZm 9yIGl0cyBz dHJvbmcgZm 9jdXMgb24g bWljcm9maW 5hbmNlIGFu ZCBwcm92aW RpbmcgZmlu YW5jaWFsIH NlcnZpY2Vz IHRvIHNtYW xsIGFuZCBt ZWRpdW0tc2 l6ZWQgZW50 ZXJwcmlzZX MgKFNNRXMp LiBJdCBoYX MgYSBkZWRp Y2F0ZWQgcH JvZ3JhbSBj YWxsZWQgIl Blb3BsZSdz IEJ1c2luZX NzIENyZWRp dCIgdGhhdC BvZmZlcnMg bWljcm9sb2 FucyBhbmQg dHJhaW5pbm cgdG8gc21h bGwgYnVzaW 5lc3Mgb3du ZXJzIGFuZC BmYXJtZXJz Ljxicj4zLi BSb2xlIGlu IHByb21vdG luZyBmaW5h bmNpYWwgaW 5jbHVzaW9u OiBCUkkgcG xheXMgYSB2 aXRhbCByb2 xlIGluIHBy b21vdGluZy BmaW5hbmNp YWwgaW5jbH VzaW9uIGlu IEluZG9uZX NpYSwgZXNw ZWNpYWxseS BpbiBydXJh bCBhbmQgdW 5kZXJkZXZl bG9wZWQgYX JlYXMuIEl0 IG9wZXJhdG VzIHZhcmlv dXMgcHJvZ3 JhbXMgYW5k IGluaXRpYX RpdmVzIHRv IHByb3ZpZG UgYWNjZXNz IHRvIGZpbm FuY2lhbCBz ZXJ2aWNlcy B0byB0aGUg dW5iYW5rZW QgYW5kIHVu ZGVyYmFua2 VkIHBvcHVs YXRpb24uPG JyPjQuIFN0 cm9uZyBwcm VzZW5jZSBp biBydXJhbC BhcmVhczog QlJJIGhhcy BhIHdpZGVz cHJlYWQgbm V0d29yayBv ZiBicmFuY2 hlcyBpbiBi b3RoIHVyYm FuIGFuZCBy dXJhbCBhcm Vhcywgd2l0 aCBhIHN0cm 9uZyBwcmVz ZW5jZSBpbi B0aGUgbGF0 dGVyLiBUaG lzIGFsbG93 cyB0aGUgYm FuayB0byBy ZWFjaCB0aG UgdW5kZXJz ZXJ2ZWQgcG 9wdWxhdGlv biBhbmQgc3 VwcG9ydCBl Y29ub21pYy BkZXZlbG9w bWVudCBpbi B0aGVzZSBh cmVhcy48Yn I+NS4gVGVj aG5vbG9naW NhbGx5IGFk dmFuY2VkOi BCUkkgaGFz IGludmVzdG VkIGhlYXZp bHkgaW4gdG VjaG5vbG9n eSBhbmQgaG FzIGEgcm9i dXN0IGRpZ2 l0YWwgYmFu a2luZyBwbG F0Zm9ybS4g SXQgb2ZmZX JzIHZhcmlv dXMgZGlnaX RhbCBzZXJ2 aWNlcywgc3 VjaCBhcyBp bnRlcm5ldC BiYW5raW5n LCBtb2JpbG UgYmFua2lu ZywgYW5kIG Utd2FsbGV0 LCBtYWtpbm cgaXQgbW9y ZSBjb252ZW 5pZW50IGZv ciBjdXN0b2 1lcnMgdG8g YWNjZXNzIH RoZWlyIGFj Y291bnRzIG FuZCBjb25k dWN0IHRyYW 5zYWN0aW9u cy48YnI+Ni 4gU3VzdGFp bmFibGUgYW 5kIHNvY2lh bCByZXNwb2 5zaWJpbGl0 eSBpbml0aW F0aXZlczog QlJJIGhhcy B2YXJpb3Vz IHN1c3RhaW 5hYmlsaXR5 IGFuZCBzb2 NpYWwgcmVz cG9uc2liaW xpdHkgaW5p dGlhdGl2ZX MsIHN1Y2gg YXMgcHJvbW 90aW5nIGdy ZWVuIGZpbm FuY2UsIHN1 cHBvcnRpbm cgZWR1Y2F0 aW9uIGFuZC BoZWFsdGhj YXJlLCBhbm QgZGlzYXN0 ZXIgcmVsaW VmIHByb2dy YW1zLiBJdC BhbHNvIGhh cyBhIHByb2 dyYW0gY2Fs bGVkIEJSSS Bmb3IgYSBC ZXR0ZXIgRn V0dXJlLCB3 aGljaCBmb2 N1c2VzIG9u IGVtcG93ZX Jpbmcgd29t ZW4gYW5kIH lvdXRoIGlu IHJ1cmFsIG FyZWFzLjxi cj43LiBTdH JvbmcgZmlu YW5jaWFsIH BlcmZvcm1h bmNlOiBCUk kgaGFzIGNv bnNpc3Rlbn RseSBzaG93 biBzdHJvbm cgZmluYW5j aWFsIHBlcm Zvcm1hbmNl IG92ZXIgdG hlIHllYXJz LCB3aXRoIH N0ZWFkeSBn cm93dGggaW 4gcHJvZml0 cyBhbmQgYX NzZXRzLiBJ dCBpcyBjb2 5zaWRlcmVk IG9uZSBvZi B0aGUgbW9z dCBzdGFibG UgYW5kIHRy dXN0ZWQgYm Fua3MgaW4g SW5kb25lc2 lhLjxicj44 LiBBd2FyZH MgYW5kIHJl Y29nbml0aW 9uOiBCUkkg aGFzIHJlY2 VpdmVkIHNl dmVyYWwgYX dhcmRzIGFu ZCByZWNvZ2 5pdGlvbiBm b3IgaXRzIG V4Y2VsbGVu dCBwZXJmb3 JtYW5jZSBh bmQgY29udH JpYnV0aW9u IHRvIHRoZS BJbmRvbmVz aWFuIGJhbm tpbmcgaW5k dXN0cnkuIE l0IGhhcyBi ZWVuIHJlY2 9nbml6ZWQg YnkgdmFyaW 91cyBpbnN0 aXR1dGlvbn MgYW5kIHB1 YmxpY2F0aW 9ucywgaW5j bHVkaW5nIE ZvcmJlcywg VGhlIEVjb2 5vbWlzdCwg YW5kIEV1cm 9tb25leS4=

VGhlIEJhbm sgUmFreWF0 IEluZG9uZX NpYSAoQlJJ KSBpcyBhIH N0YXRlLW93 bmVkIGJhbm sgaW4gSW5k b25lc2lhIH RoYXQgcHJp bWFyaWx5IH NlcnZlcyB0 aGUgbWljcm 8sIHNtYWxs LCBhbmQgbW VkaXVtLXNp emVkIGVudG VycHJpc2Vz IChNU01FKS BzZWN0b3Iu IEl0cyBidX NpbmVzcyBt b2RlbCBpcy Bmb2N1c2Vk IG9uIHByb3 ZpZGluZyBm aW5hbmNpYW wgc2Vydmlj ZXMgYW5kIH N1cHBvcnQg dG8gdGhpcy BzZWN0b3Is IGFzIHdlbG wgYXMgdG8g aW5kaXZpZH VhbHMgYW5k IG90aGVyIG J1c2luZXNz ZXMuPGJyPk JSSSdzIG1h aW4gYnVzaW 5lc3MgYWN0 aXZpdGllcy BpbmNsdWRl IGRlcG9zaX QtdGFraW5n LCBsZW5kaW 5nLCBhbmQg aW52ZXN0bW VudCBzZXJ2 aWNlcy4gSX Qgb2ZmZXJz IHZhcmlvdX MgdHlwZXMg b2YgbG9hbn MsIHN1Y2gg YXMgd29ya2 luZyBjYXBp dGFsIGxvYW 5zLCBpbnZl c3RtZW50IG xvYW5zLCBj b25zdW1lci Bsb2Fucywg YW5kIG1pY3 JvZmluYW5j ZSBsb2Fucy 4gVGhlIGJh bmsgYWxzby Bwcm92aWRl cyBzYXZpbm dzIGFuZCBj dXJyZW50IG FjY291bnQg c2VydmljZX MsIGFzIHdl bGwgYXMgaW 52ZXN0bWVu dCBwcm9kdW N0cyBzdWNo IGFzIHRpbW UgZGVwb3Np dHMsIG11dH VhbCBmdW5k cywgYW5kIG luc3VyYW5j ZS48YnI+SW 4gYWRkaXRp b24gdG8gdH JhZGl0aW9u YWwgYmFua2 luZyBzZXJ2 aWNlcywgQl JJIGFsc28g aGFzIGEgc3 Ryb25nIGZv Y3VzIG9uIG RpZ2l0YWwg YmFua2luZy BhbmQgaXMg cmFwaWRseS BleHBhbmRp bmcgaXRzIG RpZ2l0YWwg YmFua2luZy BjaGFubmVs cyB0byByZW FjaCBtb3Jl IGN1c3RvbW Vycy4gVGhp cyBpbmNsdW RlcyBvbmxp bmUgYW5kIG 1vYmlsZSBi YW5raW5nLC BhcyB3ZWxs IGFzIHBhcn RuZXJzaGlw cyB3aXRoIG ZpbnRlY2gg Y29tcGFuaW VzIGFuZCBl LWNvbW1lcm NlIHBsYXRm b3Jtcy48Yn I+QlJJIG9w ZXJhdGVzIH Rocm91Z2gg YSBuZXR3b3 JrIG9mIGJy YW5jaGVzLC BzdWItYnJh bmNoZXMsIG FuZCBjYXNo IG9mZmljZX MgYWNyb3Nz IEluZG9uZX NpYSwgYXMg d2VsbCBhcy B0aHJvdWdo IGl0cyBTaG FyaWFoLWNv bXBsaWFudC BiYW5raW5n IHVuaXQsIE JhbmsgQlJJ IFN5YXJpYW guIFRoZSBi YW5rIGFsc2 8gaGFzIGEg Z2xvYmFsIH ByZXNlbmNl IHRocm91Z2 ggaXRzIHN1 YnNpZGlhcm llcyBhbmQg cmVwcmVzZW 50YXRpdmUg b2ZmaWNlcy BpbiBvdGhl ciBjb3VudH JpZXMuPGJy Pk92ZXJhbG wsIEJSSSdz IGJ1c2luZX NzIG1vZGVs IGNlbnRlcn MgYXJvdW5k IHNlcnZpbm cgdGhlIG5l ZWRzIG9mIH RoZSBNU01F IHNlY3Rvci BhbmQgbGV2 ZXJhZ2luZy B0ZWNobm9s b2d5IHRvIH Byb3ZpZGUg ZWZmaWNpZW 50IGFuZCBj b252ZW5pZW 50IGZpbmFu Y2lhbCBzZX J2aWNlcyB0 byBpdHMgY3 VzdG9tZXJz LiBUaGlzIG hhcyBhbGxv d2VkIHRoZS BiYW5rIHRv IG1haW50YW luIGEgc3Ry b25nIHBvc2 l0aW9uIGlu IHRoZSBJbm RvbmVzaWFu IG1hcmtldC BhbmQgY29u dHJpYnV0ZS B0byB0aGUg ZGV2ZWxvcG 1lbnQgb2Yg dGhlIGNvdW 50cnkncyBl Y29ub215Lg ==

The sensitivity of Bank Rakyat Indonesia’s earnings, cash flow, and valuation to changes in interest rates can be examined through several key factors.
1. Earnings Sensitivity: Interest rates directly affect the bank’s net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. When interest rates rise, the bank can charge more on loans than it pays on deposits, potentially increasing earnings. Conversely, if rates fall, the bank’s earning potential from loans decreases, which could negatively impact earnings.
2. Cash Flow Sensitivity: Cash flow from operations is also influenced by interest rates. Higher interest rates might lead to increased cash inflows from loans, assuming customer demand remains stable. However, if rates rise significantly, it could dampen borrowing demand, leading to lower cash inflows. Additionally, an increase in rates can escalate the cost of funds, affecting the bank’s profitability and cash flow.
3. Valuation Sensitivity: The valuation of Bank Rakyat Indonesia is typically assessed using discounted cash flow (DCF) models, which are sensitive to changes in interest rates. Higher interest rates typically lead to higher discount rates used in valuation, which can result in lower present values of future cash flows. This can decrease the overall market valuation of the bank. Conversely, lower interest rates tend to have the opposite effect, potentially increasing the bank’s valuation.
In summary, Bank Rakyat Indonesia’s earnings, cash flow, and valuation exhibit significant sensitivity to interest rate changes. The direction and magnitude of this sensitivity depend on various factors, including the bank’s interest rate risk management strategies, the overall economic environment, and the behavior of borrowers in response to rate changes.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MveE JxQTJ2UWVF SUoyaXVXTk wyTTAud2Vi cCIgYWx0PS JCYW5rIFJh a3lhdCBJbm RvbmVzaWEi IHRpdGxlPS JCYW5rIFJh a3lhdCBJbm RvbmVzaWEi ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9OTAg d2lkdGg9OT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgQmFuayBS YWt5YXQgSW 5kb25lc2lh PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+GkyBE aXNjb3Zlci A8aT4iVGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2NrcyI8 L2k+IOKAlC BmcmVlIGVC b29rIQogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 IS0tCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J21hcmdp bi10b3A6ID EycHg7IGZv bnQtc2l6ZT ogMTNweDsg Y29sb3I6IC M0NDQ7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIFNp Z24gdXAgbm 93IGFuZCBn ZXQgb3VyIG ZyZWUgZUJv b2sgCiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8Yj5UaG UgQ2hlY2ts aXN0IFZhbH VlIEludmVz dG9yIOKAlC BBIFNtYXJ0 ZXIgV2F5IH RvIFBpY2sg U3RvY2tzPC 9iPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgLS 0+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwhLS 0KICAgICAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n bWFyZ2luLX RvcDogMTZw eDsgZm9udC 1zaXplOiAx NHB4OyBjb2 xvcjogIzQ0 NDsgZm9udC 1mYW1pbHk6 IC1hcHBsZS 1zeXN0ZW0s IEJsaW5rTW FjU3lzdGVt Rm9udCwgU2 Vnb2UgVUks IFJvYm90by wgSGVsdmV0 aWNhIE5ldW UsIHNhbnMt c2VyaWY7IG xpbmUtaGVp Z2h0OiAxLj Y7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIEhhdmUg eW91IGhlYX JkIGFib3V0 IG91ciBzaG 9ydCA8c3Ry b25nIHN0eW xlPSdmb250 LXdlaWdodD ogNjAwOyc+ RGFpbHkgVm lkZW8gTmV3 c2xldHRlcj wvc3Ryb25n Pj8KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IDxhIGhyZW Y9J2h0dHBz Oi8vd3d3Lm luc2lnaHRm dWx2YWx1ZS 5jb20vbmV3 c2xldHRlci 5waHAnIHRh cmdldD0nX2 JsYW5rJyBz dHlsZT0nY2 9sb3I6ICMw MDdCRkY7IH RleHQtZGVj b3JhdGlvbj ogbm9uZTsg Zm9udC13ZW lnaHQ6IDUw MDsgbWFyZ2 luLWxlZnQ6 IDZweDsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIEZpbmQg b3V0IG1vcm UKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC 0tPgogICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAKICAgIC AgICAKICAg ICAgICA8c3 BhbiBjbGFz cz0nYmx1cn JlZC10ZXh0 Jz4KICAgIC AgICAgICAg TVM0Z1ZHaG xJRSBKaGJt c2dVbUZyIG VXRjBJRWx1 WkcgOXVaWE 5wWVNBbyBR bEpKS1NCcG N5IEIwYUdV Z2IyeGsgWl hOMElHRnVa QyBCc1lYSm 5aWE4wIElH SmhibXNnYV cgNGdTVzVr YjI1bCBjMm xoTENCM2FY IFJvSUdFZ2 FHbHogZEc5 eWVTQmtZWC BScGJtY2dZ bUZqIGF5Qj BieUF4T0Qg azFJSGRvWl c0ZyBhWFFn ZDJGeklHIF pwY25OMElH VnogZEdGaW JHbHphRyBW a0lHRnpJR0 VnIFptbHVZ VzVqYVcgRn NJR2x1YzNS cCBkSFYwYV c5dUlIIFZ1 WkdWeUlFUj EgZEdOb0lH TnZiRyA5dW FXRnNJSEox IGJHVXVQR0 p5UGogSXVJ RUpTU1NCcC BjeUJoSUhO MFlYIFJsTF c5M2JtVmsg SUdKaGJtc2 dZVyA1a0lH bHpJRzl1IF pTQnZaaUIw YUcgVWdabT kxY2lCcyBZ WEpuWlhOME lHIEpoYm10 eklHbHUgSU VsdVpHOXVa WCBOcFlTd2 dhMjV2IGQy NGdZMjlzYk cgVmpkR2wy Wld4NSBJR0 Z6SUhSb1pT IEJpYVdjZ1 ptOTEgY2k0 OFluSStNeS A0Z1FsSkpJ SGRoIGN5Qn ZjbWxuYVcg NWhiR3g1SU dadiBkVzVr WldRZ1lYIE 1nUkdVZ1VH OWwgY25kdm EyVnlkRyA5 elkyaGxJRW gxIGJIQWda VzRnVTMgQm hZWEppWVc1 ciBJRVJsY2 lCSmJtIHho Ym1SelkyaG wgSUVodmIy WmtaVyA0Z0 tGUm9aU0JR IGRYSjNiMn RsY24gUnZJ RUZ6YzJsei BkR0Z1WTJV Z1lXIDVrSU ZOaGRtbHUg WjNNZ1FtRn VheSBCbWIz SWdUbUYwIG FYWmxJRTlt Wm0gbGphV0 ZzY3lrZyBh VzRnZEdobE lIIFJ2ZDI0 Z2IyWWcgVU hWeWQyOXJa WCBKMGJ5d2 dTbUYyIFlT NDhZbkkrTk MgNGdSSFZ5 YVc1biBJSF JvWlNCSmJt IFJ2Ym1Wem FXRnUgSUZk aGNpQnZaaS BCSmJtUmxj R1Z1IFpHVn VZMlVnYVcg NGdkR2hsSU RFNSBOREJ6 TENCQ1VrIG tnY0d4aGVX VmsgSUdFZ1 kzSjFZMiBs aGJDQnliMn hsIElHbHVJ SE4xY0ggQn ZjblJwYm1j ZyBkR2hsSU dOdmRXIDUw Y25uaWdKbH ogSUdWamIy NXZiWCBrZ1 lXNWtJSEJ5 IGIzWnBaR2 x1WnkgQm1h VzVoYm1OcC BZV3dnYzJW eWRtIGxqWl hNZ2RHOGcg ZEdobElIQm xiMyBCc1pT NDhZbkkrIE 5TNGdRbEpK SUcgbHpJR3 R1YjNkdSBJ R1p2Y2lCcG RIIE1nYVc1 amJIVnogYV habElHSmhi bSB0cGJtY2 djR2hwIGJH OXpiM0JvZV Mgd2dkMmhw WTJnZyBabT lqZFhObGN5 IEJ2YmlCd2 NtOTIgYVdS cGJtY2djMi BWeWRtbGpa WE1nIFlXNW tJR1pwYm0g RnVZMmxoYk NCbSBZV05w YkdsMGFXIF Z6SUhSdklH RnMgYkNCc1 pYWmxiSCBN Z2IyWWdjMj lqIGFXVjBl U3dnYVcgNW piSFZrYVc1 biBJRzFwWT NKdkxDIEJ6 YldGc2JDd2 cgWVc1a0lH MWxaRyBsMW JTQmxiblJs IGNuQnlhWE 5sY3kgQW9U Vk5OUlhNcC BManhpY2o0 MkxpIEJDVW trZ2FHRnog SUhSb1pTQn NZWCBKblpY TjBJRzVsIG RIZHZjbXNn YjIgWWdZbk poYm1ObyBa WE1nWVc1a0 lIIE5sY25a cFkyVWcgY0 c5cGJuUnpJ RyBsdUlFbH VaRzl1IFpY TnBZU3dnZD IgbDBhQ0J2 ZG1WeSBJRE V3TERBd01D IEJpY21GdV kyaGwgY3lC aGJtUWdNVC BRc01EQXdJ RUZVIFRYTW djM0J5Wlcg RmtJR0ZqY2 05eiBjeUIw YUdVZ1kyID kxYm5SeWVT NDggWW5JK0 55NGdRWCBN Z2IyWWdNak F5IE1Td2dR bEpKSUcgaG hjeUJ2ZG1W eSBJRFF3SU cxcGJHIHhw YjI0Z1kzVn ogZEc5dFpY SnpMQyBCdF lXdHBibWNn IGFYUWdkR2 hsSUcgeGhj bWRsYzNRZy BZbUZ1YXlC cGJpIEIwWl hKdGN5QnYg WmlCamRYTj BiMiAxbGNp QmlZWE5sIE lHbHVJRWx1 WkcgOXVaWE 5wWVM0OCBZ bkkrT0M0Z1 FsIEpKSUds eklIUm8gWl NCbWFYSnpk QyBCaVlXNX JJR2x1IElF bHVaRzl1Wl ggTnBZU0Iw YnlCdiBabV psY2lCdGIy IEpwYkdVZ1 ltRnUgYTJs dVp5QnpaWC BKMmFXTmxj eXdnIFlXeH NiM2RwYm0g Y2dZM1Z6ZE c5dCBaWEp6 SUhSdklHIE ZqWTJWemN5 QjAgYUdWcG NpQmhZMiBO dmRXNTBjeU JoIGJtUWdj R1Z5Wm0gOX liU0IwY21G dSBjMkZqZE dsdmJuIE1n ZEdoeWIzVm 4gYUNCMGFH VnBjaSBCdG IySnBiR1Vn IFpHVjJhV0 5sY3kgNDhZ bkkrT1M0Zy BWR2hsSUdK aGJtIHNnYU dGeklISmwg WTJWcGRtVm tJRyA1MWJX VnliM1Z6IE lHRjNZWEpr Y3kgQmhibV FnY21WaiBi MmR1YVhScG IyIDRnWm05 eUlHbDAgY3 lCd1pYSm1i MyBKdFlXNW paU0JoIGJt UWdjMlZ5ZG 0gbGpaWE1z SUdsdSBZMn gxWkdsdVp5 IEJDWlhOME lFSmggYm1z Z2FXNGdTVy A1a2IyNWxj MmxoIElHSj VJRVYxY20g OXRiMjVsZV NCTiBZV2Ro ZW1sdVpTIE JoYm1RZ1Ft RnUgYXlCdl ppQjBhRyBV Z1dXVmhjaU JpIGVTQlVh R1VnUW0gRn VhMlZ5SUUx aCBaMkY2YV c1bExqIHhp Y2o0eE1DNG cgUWxKSklH bHpJRyBOdm JXMXBkSFJs IFpDQjBieU J3Y20gOXRi M1JwYm1jZy BabWx1WVc1 amFXIEZzSU dsdVkyeDEg YzJsdmJpQm hibSBRZ1pX MXdiM2RsIG NtbHVaeUJ5 ZFggSmhiQ0 JqYjIxdCBk VzVwZEdsbG N5IEIwYUhK dmRXZG8gSU haaGNtbHZk WCBNZ2NISn ZaM0poIGJY TWdZVzVrSU cgbHVhWFJw WVhScCBkbV Z6TENCcGJt IE5zZFdScG JtY2cgY0hK dmRtbGthVy A1bklHWnBi bUZ1IFkybG hiQ0JsWkgg VmpZWFJwYj I0ZyBZVzVr SUcxcFkzIE p2Wm1sdVlX NWogWlNCel pYSjJhVyBO bGN5QjBieU JtIFlYSnRa WEp6SUcgRn VaQ0J2ZEdo bCBjaUJ5ZF hKaGJDIEJq YjIxdGRXNX AgZEdsbGN5 ND0KICAgIC AgICA8L3Nw YW4+CiAgIC AgICAgCiAg ICAgICAg
See Company Q&A