BJB Distributes IDR 1 Trillion Dividend

Photo: Doc. Antara

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Pembangunan Daerah Jawa Barat (Bank BJB) decided to distribute dividends of IDR 1 trillion or IDR 95.05 per share.

This figure is equivalent to 58.27 percent of the net profit recorded by Bank BJB in the 2023 Financial Year of IDR 1.71 trillion.

"The AGMS has given power and authority to Bank BJB while still paying attention to laws and regulations and good governance practices to regulate dividend payment procedures in 2023," said Bank BJB President Director Yuddy Renaldi in Jakarta, quoted from Antara, Wednesday, April 3.

The BJB Bank AGMS activity which was held in a hybrid manner this Tuesday was attended by all Regional Heads of Provinces/Regencies/Cities throughout West Java and Banten or their attorneys as well as public shareholders.

In addition to agreeing to distribute dividends, there were a number of agendas held at the meeting.

Opening a meeting, Acting Governor of West Java Bey Machmudin appreciated the increasing performance of Bank BJB.

"I give the highest appreciation to Bank BJB for the achievements that have been achieved. Hopefully we all continue to work together in building a more advanced and prosperous West Java," he greeted.

According to him, Bank BJB has been one of the main pillars in West Java's economic development for years.

Through various innovative products and services, the regional bank continues to contribute to supporting economic growth, especially in the West Java region.

"I invite, let's continue to strengthen collaboration between Bank BJB, Regional Government, and other stakeholders to create a conducive business environment and support sustainable economic growth in West Java," said Bey.

The agenda for further discussions is the appointment of public accountants and public accounting offices to audit the Company's financial statements for the 2024 financial year.

Agenda dilanjutkan dengan persetujuan dan penkinian Rencana Aksi (Recovery Plan) Perseroan, persetujuan atas Rencana Resolution Plan (Resolution Plan) perseroan, perubahan anggaran dasar perseroan, dan cancelangan pengangkatan anggota Dewan Komisaris serta pemberhentian dan pengangkatan kembali Direksi Perseroan.

Meanwhile, Bank BJB recorded well-maintained financial performance throughout 2023.

The company recorded a profit of IDR 2.14 trillion with a bad credit ratio or Non Performing Loan (NPL) aka a well-maintained bad credit ratio at the level of 1.35 percent.

In addition, Bank BJB's total assets during the 2023 period were recorded at IDR 188.2 trillion and also increased from the previous IDR 181.2 trillion.

President Director of Bank BJB Yuddy Renaldi in Jakarta, Tuesday, said the company's total assets grew to be among other Regional Development Banks (BPD).

"This is a solid harmonization of cooperation from all BJB Bank personnel in contributing to becoming the driving force and driving force of the regional economy, as well as to strengthen the company's existence in the banking world," he said.