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BRI to distribute Rp 7.6 trillion in dividends
Bank Rakyat Indonesia (BRI) has decided to distribute Rp 7.62 trillion (US$576.72 million) in dividends, or Rp. 311.66 per stock.
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Hands on: BRI president director Asmawi Syam (third right), president commissioner Mustafa Abubakar (third left) and other members of the bank's boards pose for photographs after a shareholders meeting on Wednesday. ( Antara/ Widodo S Jusuf))
B
ank Rakyat Indonesia (BRI) has decided to distribute Rp 7.62 trillion (US$576.72 million) in dividends, or Rp. 311.66 per stock.
The biggest lender to small and medium enterprises is maintaining its dividend payout ratio at 30 percent. The cum dividend date will be 12 April.
"Our business grew healthily in all respects over the course of 2015," BRI president director Asmawi Syam said after a shareholders meeting in Wednesday.
While overall industry growth was in double digits, BRI's credit distribution grew 14.7 year-on-year (yoy), far above average.
The bank also announced the buyback treasury stock for its employee stock ownership program (ESOP) from October 12, 2015, to January 12, 2016. Total stock bought was 221,718,000 stocks.
The shareholder meeting also saw changes to the boards of commissioners and directors.
"Two directors have left because their terms are over, one director has been rehired for a second term and there is one additional commissioner," Asmawi said.
The two directors who left were Gatot Mardiwasisto, director of human resources, and A. Toni Soetirto, director of consumer banking. Gatot and Toni will be replaced by Priyastomo and Sis Apik Wijayanto, respectively.
"Priyastomo is already with BRI, currently as the leader of the Bandung regional office, while Sis is currently a director at Bank Tabungan Negara [BTN]," Asmawi said.
The directors will begin their terms of service following a fit-and-proper-test at the Financial Services Authority (OJK). (bbn)
