JAKARTA - The Annual General Meeting of Shareholders (AGM) of PT Bank Negara Indonsia Tbk (BNI) which was held today, Monday, March 29, decided to distribute cash dividends worth IDR 820 billion to shareholders.
This figure represents 25 percent of the company's total net profit in 2020 which amounted to IDR 3.28 trillion.
President Director of BNI Royke Tumilaar, through a virtual broadcast, said that this year's dividend payout ratio portion was the same as the percentage in the previous year. Meanwhile, 75 percent of the remaining profit is allocated for strengthening the company's capital structure.
“The 2020 period is a period full of challenges. However, BNI can still show positive performance, "he said.
Royke added that for the 2021 financial year his party would focus on credit expansion plans to optimize the intermediation function. This strategy is at the same time in line with the government's direction to accelerate national economic recovery.
"We are targeting credit to grow up to 7 percent this year," he said.
To note, BNI is a business entity controlled by the government with a share of ownership reaching 60 percent.
This means that the bank with the stock code BBNI must make cash deposits to the state amounting to Rp.492 billion from the total dividends distributed in this period.
Meanwhile, the remaining 40 percent, or around Rp. 327 billion, will be given to public shareholders in accordance with their respective ownership amounts.
Although the dividend payout ratio has not changed, which is 25 percent, the dividend value that the company has given to shareholders has collapsed compared to the 2019 financial year.
It was recorded that the dividends that were successfully paid by the financial services institution in the previous period reached IDR 3.8 trillion.
The high amount enjoyed by investors is directly proportional to the company's net profit in the same period with a value of 15.3 trillion.
The pandemic factor was alleged to have caused the decline in BNI's financial performance throughout 2020. Moreover, this BUKU IV category bank took the main market in the corporate financing sector (credit).
"We will continue to maximize the existing potential, both through subsidiaries and overseas business activities," concluded Royke.
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