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Jakarta Post

Bank Danamon pays Rp 934.15 billion dividend

  • Anton Hermansyah

    The Jakarta Post

Jakarta   /   Wed, April 12, 2017   /   06:08 pm
Bank Danamon pays Rp 934.15 billion dividend PT Bank Danamon Indonesia president commissioner Ng Kee Choe (left), president director Sng Seow Wah (center), and vice president director Muliadi Rahardja speak to journalists at the annual shareholder's meeting in Jakarta on Wednesday. (Courtesy of/Bank Danamon external affairs division)

Private lender PT Bank Danamon Indonesia will pay Rp 934.15 billion (US$70.36 million) dividend or Rp 97.48 per share to its shareholders.

The dividend payment -- 35 percent of the bank's Rp 2.67 trillion net profit in 2016 -- was approved at the annual shareholder's meeting in Jakarta on Wednesday.  

"Meanwhile, 1 percent of the profit will be set aside as general reserve in accordance with the Limited Company Law and the remaining 64 percent of the profit will be recorded as retained earnings to be added to company's capital," corporate secretary Rita Mirasari said in the company’s official press release on Wednesday.

(Read also: Private lender Danamon posts 12% increase in net profit)

The shareholders' meeting also accepted the resignation of Emirsyah Satar as the bank’s independent commissioner and Muladi Rahardja as vice president director on Wednesday.

Emirsyah issued his resignation letter on Feb. 3. In January he was named as a suspect in an alleged bribery case relating to the purchase of aircraft engines from UK company Rolls Royce by the Corruption Eradication Commission (KPK).

Danamon has not disclosed the reason for Emirsyah resignation.

The bank did not appoint new people to the positions. The board of commissioners now consists of 6 members instead of 7 and there is now only 7 directors. (bbn)