JAKARTA - PT Bank Mandiri (Persero) Tbk will allocate 60 percent of the 2020 net profit as dividends. This value is equivalent to IDR 10.2 trillion.
Bank Mandiri President Director Darmawan Junaidi said the dividend distribution decision has received the blessing of all the company's shareholders.
"The use of profits for the 2020 period has been decided and approved for payment," he said in a virtual press conference, Monday, March 15.
Taking into account the composition of the red and white shares of 60 percent, Bank Mandiri will pay dividends of around Rp.6.16 trillion to the state treasury. As much as 40 percent of last year's net profit will be retained earnings.
For information, the bank with the ticker code BMRI managed to collect a profit of IDR 17.1 trillion over the past year. Even though this record fell from the 2019 acquisition of Rp.27.5 trillion, Bank Mandiri was still able to reap substantial profits in a pandemic situation.
"This indicates that we have strong support from shareholders to continue to accelerate the bank's business, including the one being encouraged, namely the company's digital banking," he said.
On the same occasion, Bank Mandiri Finance Director Sigit Prastowo said that although the dividend distribution of 60 percent of net profit did not interfere with the company's capital adequacy ratio (CAR).
"Indeed, there will be a correction in CAR but it will still be at a good level," he said.
BMRI projects that the CAR ratio until the end of March will be at the level of 18.9 percent and 18.4 percent at the close of this year in line with the ongoing economic recovery.
"Bank Mandiri will continue to maintain a good CAR ratio in the range of 18 percent - 20 percent," concluded Sigit.
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