BCA Distributes Dividends Of IDR 31.4 Trillion, The Hartono Brothers Conglomerate Who Has A Wealth Of IDR 609 Trillion Gets Allotment Of IDR 9.79 Trillion

Conglomerate Robert Budi Hartono. (Photo: Instagram @forbesindonesia)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Central Asia Tbk (BCA) decided to distribute cash dividends from the 2021 financial year profit of IDR 31.4 trillion to shareholders of IDR 145 per share.

As is known, the largest private bank in the country is controlled by the two richest people in Indonesia, Michael Bambang Hartono, and Robert Budi Hartono through PT Dwimuria Investama with a 54.94 percent stake.

As a result, with the 54.94 percent percentage, the brothers who have a wealth of IDR 609 trillion will get a dividend of IDR 9.79 trillion.

For information, BCA recorded a net profit of IDR 31.4 trillion throughout 2021. This profit grew 15.8 percent on an annual basis. Meanwhile, BCA's total assets rose 14.2 percent YoY to reach IDR 1,228.3 trillion.

In terms of lending, BCA's total credit rose 8.2 percent YoY to IDR 637 trillion in December 2021, higher than the 6 percent growth target. BCA's credit growth was followed by an improvement in loan quality.

The ratio of non-performing loans (NPL) was maintained at 2.2 percent, supported by the restructuring relaxation policy. In terms of funding, CASA (Current Account Saving Account) grew by 19.1 percent YoY to reach IDR 767 trillion and contributed up to 78.6 percent of total third-party funds.

Deposits also grew 6.1 percent YoY to IDR 208.9 trillion. Overall, total third-party funds rose 16.1 percent YoY to IDR 975.9 trillion, which also pushed BCA's total assets up 14.2 percent YoY to IDR 1,228.3 trillion.

Solid funding is supported by customer trust as well as ease and reliability of transactions in developing a transaction banking platform.