Strengthen Capital, Bank Mayapada Set Aside IDR 24.99 Billion From 2022 Net Profit

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Mayapada Internasional Tbk (MAYA) approved the determination of the use of 2022 net profit of IDR 25.99 billion to reserve from net profit every year. Later, until it declares 20 percent of the total paid-up capital.

President Director of Bank Mayapada Hariyono Tjahjarijadi said, in order to comply with the provisions of Article 39 of the Company's Article 70 of Law Number 40 of 2007 concerning Limited Companies (PT) to reserve from net profit every year, until reserves reach 20 percent of the total Modal Distorted.

"We hereby back up 3.85 percent of the 2022 net profit of IDR 1 billion," he said at a press conference in Jakarta, Wednesday, May 24.

Meanwhile, the remaining Rp24.99 billion will be recorded as retained earnings to strengthen the Company's capital structure.

In addition, it is known that at this AGMS, the company decided not to distribute dividends to shareholders. Hariyono admitted that during the Covid-19 pandemic, Bank Mayapada had not distributed dividends.

This is also a joint decision that has been agreed upon by both majority and minor thread shareholders. He explained that this decision was taken to keep banking capital strong.

"The goal is to strengthen the capital structure because as a bank we have to keep CAR sufficient for Bank Mayapada to develop," explained Hariyono.

In addition, Bank Maya's AGMS this time also did not determine changes to the composition of the board of directors and board of commissioners.

"There is no discussion for this agenda because an internal decision has not been reached for changes in the composition of the Board of Directors and Board of Commissioners," concluded Hariyono.