OCBC NISP Will Distribute IDR 1.65 Trillion Dividend

The board of directors of PT OCBC NISP Tbk. (Photo: Doc. Antara)

JAKARTA - PT OCBC NISP Tbk (OCBC) at the Annual General Meeting of Shareholders (AGMS) approved the distribution of dividends worth IDR 72 per share or equivalent to IDR 1.65 trillion for the 2023 financial year.

"The meeting approved the use of net profit for the 2023 financial year, including Rp72 per share or Rp1.65 trillion as a cash dividend of 40.4 percent of net profit," said OCBC President Director Parwati Surjaudaja in an Annual Public Exposure at OCBC Tower, Jakarta, quoted from Antara, Monday, March 18.

In 2023, OCBC posted a net profit of IDR 4.1 trillion or grew 23 percent on an annual basis (yoy). Parwati added that IDR 100 million was set aside for general reserves and the remaining net profit was designated as retained earnings.

The OCBC AGMS also approved several other agenda items, namely approving the Company's Annual Report including the Board of Directors Report and Supervisory Report of the Board of Commissioners for the 2023 financial year.

Another agenda, the AGMS approved the repurchase of the company's shares (share buyback) and the takeover of buyback shares for varying remuneration with a total of 402 thousand shares and an estimated cost of not exceeding Rp800 million.

The meeting approved changes to the Company's Articles of Association in the context of adjustments to new laws and regulations and approved changes to the composition of the company's management.

Wong Pik Kuen Helen was reappointed as Commissioner and Martin Widjaja was reappointed as Director, effective since the closing of the AGMS until the closing of the 2027 AGMS. Emilya Tjahjadi's resignation as Director was also approved at the AGMS.

In addition, the AGMS also approved the takeover of shares in PT Bank Commonwealth by OCBC.