BCA Distributes IDR 13 Trillion Dividends For Shareholders, The Hartono Brothers Receives IDR 7.17 Trillion

BCA Building. (Angga Nugraha/VOI)

JAKARTA - The Annual General Meeting of Shareholders (AGM) of PT Bank Central Asia Tbk (BCA) decided to distribute cash dividends of IDR 13.02 trillion or the equivalent of IDR 530 per share.

The dividend figure distributed is 48 percent of the company's net profit in 2020 which was recorded at IDR 27.1 trillion.

Quoting BCA's official broadcast after the Annual General Meeting of Shareholders held this morning, the BUKU IV category bank revealed that the dividend value received by shareholders includes an interim dividend of IDR 98 per share which was distributed on 22 December 2020.

"The AGM has determined the use of the company's net profit, among others, to be distributed as cash dividends of IDR 530 per share or 48 percent of the total net profit for the 2020 financial year", wrote the bank owned by conglomerate Hartono Brothers, Monday, March 29.

Conglomerates Robert Budi Hartono and Michael Bambang Hartono control BCA with 54.94 percent ownership of shares through PT Dwimuria Investama. As a result, the Hartono duo received IDR 7.17 trillion in dividends.

In addition to the decision to distribute the share, the shareholders also gave their blessing to John Kosasih and Frengky Chandra Kusuma to occupy the board of directors replacing Henry Koenaifi and Erwan Yuris Ang.

"The appointment of the new board of directors is to complement the capabilities of BCA management in developing the company's business", said BCA.

It was also revealed that the Annual General Meeting of Shareholders agreed on the settlement and release of responsibility (acquit de charge) to members of the board of directors and board of commissioners for supervisory actions carried out throughout the 2020 financial year.

This point is also a follow-up to the approval of the 2020 annual report, including the company's financial report and the report on the supervisory duties of the company's board of commissioners.

Furthermore, the salary or honorarium, allowances, and facilities for the 2021 period and bonuses for the 2020 financial year are also determined.

Then, the company appointed the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (a member firm of the PwC Global network) to audit/examine the company's books and records for the financial year which ends in December 2021.

Then, the company authorizes the board of directors with the approval of the board of commissioners to determine and pay interim dividends for the financial year 2021 if the company's finances allow taking into account the provisions of applicable laws and regulations.

"BCA would like to express our highest appreciation and would like to thank Henry Koenaifi and Erwan Yuris Ang for their dedication while serving as company directors in the previous period", concluded Bank Central Asia.