Earning IDR 1.7 Trillion In Profits, BJB Distributes IDR 941.97 Billion Dividends

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (Bank BJB) held the 2020 Annual General Meeting of Shareholders (AGMS) in Bandung, Tuesday, April 6. The AGMS approved the Annual Report of the Board of Directors including the ratification of the Company's Financial Statements and the Report on the Implementation of Supervisory Duties of the Board of Commissioners for the 2020 Financial Year.

With this agenda, the AGMS also provides a complete discharge or release of responsibility (acquit et decharge) to members of the Board of Directors and the Board of Commissioners for management and supervision actions that have been carried out throughout the 2020 Financial Year.

The AGMS was attended by 33 Provincial /Regency/City Heads of West Java and Banten or their proxies and public shareholders. An agreement was also made on the determination of the use of a portion of the company's net profit for dividend payments, amounting to IDR 941.97 billion or IDR 95.74 per share.

This figure is equivalent to 56 percent of the net profit that was successfully booked by Bank BJB in the 2020 Financial Year, which was IDR 1.7 trillion.

Despite the turmoil of the COVID-19 pandemic and the global economic recession, Bank BJB was still able to grow very well where the national banking industry experienced a decline of 33.08 percent.

Throughout 2020, Bank BJB managed to record positive profits and performance, shown by growing net profit. For this achievement, the growth of BJB Bank was able to grow above the average national banking industry as well as the growth in the Regional Development Bank group which grew by 5.64 percent.

"This is a real appreciation of the hard work of all BJB Bank personnel in contributing to being a driving force and driving the pace of the regional economy. The achievements are expected to be able to trigger enthusiasm for BJB Bank to present the best service to the Indonesian people", said the Corporate Secretary of Bank BJB, Widi Hartoto in his written statement, quoted Wednesday, April 7.

In addition, reports on the Realization of the Use of Proceeds from the Public Offering of the Company are also submitted, approval of the renewal of the Company's Action Plan, approval of the plan to increase the Company's capital by granting Pre-emptive Rights (HMETD) and adjustments to the Remuneration of the Company's Management.

The AGMS has also granted power and authority to Bank BJB while still paying attention to laws and regulations and good governance practices to regulate the procedures for dividend payments in 2020.

In accordance with the resolution of the AGMS, there are changes in the composition of the Board of Commissioners and Directors of Bank BJB, so that after the closing of this AGMS, the members of the Board of Commissioners and Directors of Bank BJB are as follows:

Board of Commissioners

Independent President Commissioner: Farid Rahman

Commissioner: Muhadi

Commissioner: Dedi Taufik

Independent Commissioner: Fahlino F. Sjuib

Independent Commissioner: Tubagus Raditya Indrajaya

Directors

President Director: Yuddy Renaldi

Director of Consumer and Retail: Suartini

Director of Commercial and SMEs: Nancy Adistyasari

Operations Director: Tedi Setiawan

Director of Finance and Risk Management: Nia Kania

Compliance Director: Cecep Trisna

Director of Information Technology, Treasury & International Banking: Rio Lanasier