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View all search resultsBukopin to use 50% of profits for dividends
JAKARTA: Bank Bukopin will use 50 percent of its net profits last year to pay dividends to shareholders, despite the bank's relatively low capital adequacy ratio (CAR)
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J
AKARTA: Bank Bukopin will use 50 percent of its net profits last year to pay dividends to shareholders, despite the bank's relatively low capital adequacy ratio (CAR).
The dividend payment proposal was endorsed by the bank's shareholders meeting in Jakarta on Tuesday.
Speaking to reporters following the shareholders meeting, Bukopin president director Glen Glenardi said that the bank booked net profits of Rp 363 billion (US$40.16 million) last year, a 2 percent decline from the net profits recorded in 2009.
Glen said that the bank's net profit was expected to increase by 15 percent this year on the projected increase in lending during the year. "We hope lending will increase by 20 percent this year," he said.
