BRI Deposits IDR 14.04 Trillion Dividend For State Treasury

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk in the 2022 Annual General Meeting of Shareholders (AGMS) agreed that the dividend value for the 2021 fiscal year is IDR 26.40 trillion or equivalent to 85 percent of the net profit attributable to the Company of IDR 31.06 trillion.

With a share ownership of 53.19 percent, the Republic of Indonesia received dividends from BRI of IDR 14.04 trillion. The nominal dividend is deposited into the State General Treasury Account.

BRI President Director Sunarso revealed that the dividend amount for the 2021 financial year increased 76.17 percent to IDR 174.23 per share from IDR 98.90 per share in the 2020 financial year.

"The dividend is paid to all BBRI shareholders on April 1, 2022," he said in a statement received by VOI, Friday, April 1.

Sunarso added that the increase in the Dividend Payout Ratio to 85 percent is part of the company's capital management by considering the condition of a strong capital structure and optimal liquidity in the context of business expansion and anticipating risks that may occur in the future.

"With a dividend payout ratio of 85 percent, the Company's CAR is maintained at a minimum of 20 percent," he added.

The increase in dividend value was also supported by the positive performance of the BRI Group, which managed to record a solid financial performance in the midst of a challenging situation last year.

Not only that, but a series of corporate actions will also color the journey of the BRI Group in 2021. One of them is the success of BRI in the rights issue in the context of forming an ultra-micro holding with a value of Rp. 96 trillion. The BRI Right Issue is the largest in Southeast Asia and is ranked third in Asia and number seven in the world. Due to the success of this corporate action, the BRI Group is now consolidated with PT Pegadaian and PT Permodalan Nasional Madani (PNM) in Ultra Micro Holding.

This optimally driven performance is reflected in BRI's credit distribution until the end of 2021 which recorded a growth of 7.16 percent YoY (bank only), this figure is higher than the credit distribution in the national banking industry in 2021 which was 5.24 percent.

"On a bank only basis, all BRI loan segments recorded positive growth with the main driver of BRI credit growth still being in the micro-segment which recorded growth of 12.98 percent YoY. Meanwhile, the consumer segment grew 3.97 percent YoY, small and medium segments grew by 3. 55 percent and the corporate segment grew 2.37 percent," he explained.

As of the end of the fourth quarter of 2021, BRI's consolidated assets were recorded at Rp1,678.09 trillion, or grew 4.23 percent YoY.

BRI's total loans and financing on a consolidated basis have also penetrated a thousand trillion rupiahs, to be exact at IDR 1.042.87 trillion. Meanwhile, BRI's consolidated Third Party Funds (DPK) reached IDR 1.138.74 trillion at the end of December 2021.