BTN Distributes Dividends Of IDR 700.19 Billion

Photo: Doc. BTN

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Tabungan Negara (Persero) Tbk (BTN) approved the distribution of dividends of 20 percent or IDR 700.19 billion from net profit for the 2023 financial year of IDR 3.5 trillion.

As much as 80% or a total of IDR 2.8 trillion will be used as retained balances for the company's business development. The dividend distribution value is equivalent to IDR 49.89 per share which will be distributed in the form of dividends to shareholders, namely the Government of the Republic of Indonesia at 60 percent and the Public at 40 percent.

President Director of BTN Nixon LP Napitupulu said the dividend distribution value for the 2023 financial year increased by about 15 percent from the total dividend for the 2022 financial year of around Rp609 billion. Dividend distribution for the 2023 financial year is the company's commitment to increase contribution to the government, as well as the company's efforts to increase shareholders value to investors.

"The provision of dividends of 20 percent will still be able to maintain the company's capital ratio in 2024 above regulatory requirements. We hope that with this dividend distribution, investors will be more loyal to BBTN shares," Nixon said at the Press Conference AGMS for the 2023 Fiscal Year at the BTN Tower, Jakarta, Wednesday, March 6.

With the composition of government shares of 60 percent, the company will deposit dividends of IDR 420.1 billion to the State General Cash Account. Dividends for the 2023 financial year are paid proportionally to each shareholder whose name is recorded in the Register of Shareholders on the date of recording.