State-owned lender Bank Negara Indonesia (BNI) will distribute Rp 3.85 trillion (US$281 million) in dividends to shareholders and has appointed former central bank governor and ex-finance minister Agus Martowardojo as its president commissioner. The dividends are equal to 25 percent of the bank’s 2019 profit of Rp 15.38 trillion, an unchanged ratio from the previous year. BNI’s shareholders will receive a dividend of Rp 206.45 per share, an increase of 2.57 percent from last year’s dividend of Rp 201.28 per share.The state, which holds 60 percent of the bank’s shares, a total of 11 billion shares, will receive a dividend of Rp 2.31 trillion. “BNI proposed 25 percent, because we foresee that we still need room to grow. With dividends at 25 percent, the retained capital will be bigger,” newly appointed BNI vice president director Anggoro Eko Cahyo told a press briefing after an...