Earning Rp80.16 Billion In Profit, Maspion Bank Owned By Alim Markus Conglomerate Does Not Distribute Dividends

JAKARTA - Bank owned by conglomerate Alim Markus, PT Bank Maspion Tbk (BMAS) has just held its Annual General Meeting of Shareholders (AGMS) on 18 July. One of the results of the RUSPT is to approve the use of net profit for the 2021 financial year to be included and recorded as retained earnings.

Maspion Bank posted a net profit for the year of IDR 80.16 billion in 2021. The profit rose 19.7 percent year-on-year (yoy) from IDR 66.98 billion on December 31, 2020.

"The meeting approved the use of the company's net profit for the 2021 financial year to be included and recorded as retained earnings, to increase the company's capital," said management in an information disclosure, quoted on Thursday, July 20.

In terms of the capital component, until March 2022, Maspion Bank was recorded to have a core capital (tier I) of Rp.1.29 trillion, up 3.6 percent yoy from the previous Rp.1.24 trillion.

The AGMS also approved and delegated the authority to the controlling shareholder (PSP) of the company to determine the amount of salary or honorarium and other allowances to be paid by the company to the members of the board of directors and board of commissioners.

In addition to the AGMS, Bank Maspion also held an Extraordinary GMS or EGMS which consisted of 3 agendas, one of which was to approve and increase the authorized capital of the company from Rp. 1.2 trillion to Rp. 3.4 trillion.

The Maspion Bank meeting also approved the increase in capital by issuing new shares from the portfolio in the maximum amount of 4.17 billion shares with a nominal value of Rp. 100 per share. Later, the company will issue pre-emptive rights in order to increase capital by granting pre-emptive rights (PMHMETD) or rights issue.