Bank Mandiri Makes Sri Mulyani Fans, Deposits IDR 8.7 Trillion Dividend To The State Treasury

Bank Mandiri President Director Darmawan Junaidi (center) giving a presentation at the AGMS (Photo: Doc. Bank Mandiri)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Mandiri Tbk. decided to deposit a dividend of IDR 8.75 trillion to the state treasury as compensation for the government's share ownership in performance throughout 2021.

Bank Mandiri President Director Darmawan Junaidi said that the government through the Ministry of SOEs controlled the company thanks to its 52 percent stake.

"This decision also indicates strong support from shareholders for management to accelerate the company's business expansion plans," he said in an official statement on Thursday, March 10.

For information, government funds from Bank Mandiri that enter the state treasury will be managed further by the Minister of Finance (Menkeu) Sri Mulyani as state treasurer.

Furthermore, Darmawan explained that the total dividends distributed to all shareholders reached Rp. 16.82 trillion. This amount represents the resolution of the AGMS which mandated the deposit of 60 percent of the consolidated net income last year.

"Meanwhile, as much as 40 percent of the consolidated net profit is allocated as retained earnings," he said.

According to Darmawan, the distribution of the dividend composition has taken into account the liquidity position and capital structure to support the 2022 business plan.

Meanwhile, after the dividend distribution, Bank Mandiri's capital adequacy ratio (CAR) until the end of the year is projected to be at approximately the same level as December 2021.

Darmawan added that his party was optimistic that the various developments and digital innovations that were being carried out would be able to support Bank Mandiri's sustainable business plan, including encouraging the intermediation function which is the company's core business.

"In line with the momentum of economic growth, we are optimistic that performance will continue to improve. In the future, we will continue to spur business and service development in order to meet the expectations of all stakeholders," concluded Darmawan.