BRI CONTINUES To Commit To Distribute A Minimum Dividend Of 70 Percent Of Net Profit

BRI bank (Photo: dock. Antara)

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) continues to be committed consistently for the next five years to distribute dividends of total net profit in the 2023 financial year to shareholders.

BRI President Director Sunarso said that BRI's capital adequacy ratio (CAR) ratio is currently at the level of 27.47 percent as of September 2023 and to maintain the safety of this bank only needs CAR 17.2 percent. Thus, there is an excess capital of around 10 percent.

Therefore, Sunarso said that to face the thick challenges of its capital, it continues to grow its performance to optimize capital.

"With this CAR strength, when compared to only 17.5 percent, it means that for the next 5 years whatever BRI's profit, it must be divided dividends. Because the capital is very strong, this is the main effort to diverge to maintain sustainable growth," said Sunarso in the Public Expose Live 2023, Thursday, November 30.

According to Sunarso last year, BBRI posted a net profit of IDR 51.4 trillion and became the largest profit in the Indonesian banking industry.

"High traffic is not needed to strengthen capital, so we divide 85 percent of the dividend from profit, we divide dividends of IDR 43 trillion," he explained.

Sunarso said that because BBRI is a state-owned bank, the dividends distributed to countries that are included in the State Revenue and Expenditure Budget (APBN) amounted to Rp23 trillion. Furthermore, it went to state taxes amounting to Rp12 trillion, so that deposits to the state reached Rp35 trillion.

Meanwhile, public shareholders receive dividends of IDR 20 trillion from the profit for the 2022 financial year.

Sunarso said that the company will continue to consistently distribute dividends to shareholders, because the capital it has is still very thick. This is because BRI does not require retained earnings because it will further strengthen its capital.

"We are trying whatever the profit is, at least we share 70 percent. Hopefully we can get the approval of all parties. Because if our dividend is only for 50 percent of the profit, yes, our capital is getting bigger, like it or not, we have to do inorganic growth," he said.

According to Sunarso, his party continues to be committed to distributing dividend payout ratios for the 2023 and 2024 financial years of at least 70 percent of BRI's pocketed profit and a minimum of IDR 55 trillion and can optimize it through growth.

"We distribute dividends so that we can really optimize them through growth, which we get is returned to shareholders," he explained.

Sunarso revealed that his party is trying to provide interim dividends to shareholders. So that you can make two dividend payments in a year.

"If approved, we are very happy to carry it out. Hopefully, the dividend will be doubled, so while waiting for the GMS to have an interim, we are still waiting for approval for an interim dividend," he said.