Bank Jatim Distributes Dividends Of IDR 797 Billion

Photo: Doc. Antara

JAKARTA - PT Bank Pembangunan Daerah Jawa Timur Tbk or Bank Jatim distributed dividends of IDR 797 billion for the 2022 financial year or IDR 53.09 per share, an increase compared to the previous year's IDR 52.11 per share.

"Bank Jatim managed to divide dividends by Rp53.09 per share. This value is up from the dividends in the previous year, which amounted to Rp52.11 per share," said Bank Jatim President Director Busrul Iman after the Annual General Meeting of Shareholders (GMS) for the 2022 Fiscal Year in Surabaya, Wednesday, April 12. Overall, the total dividends distributed to shareholders amounted to Rp797,172,793,173.38 or 51.67 percent of the net profit for the 2022 Financial Year. "Dividend distributions that increase every year make Bank Jatim's shares one of the favorite stocks of choice by the public in investing," he said, quoted by Antara.Busrul explained, throughout 2022, Bank Jatim succeeded in making a positive performance achievement even though the post-pandemic economic recovery process has not been fully normal and is still colored by various global challenges. Such as the food crisis and energy transition due to the conflict between Russia and Ukraine.

"With this situation full of challenges, Bank Jatim can achieve financial performance in the 2022 financial year with satisfactory results," he said.Busrul explained, the total assets of Bank Jatim until the end of December 2022 reached IDR 103.03 trillion or grew 2.29 percent compared to the previous year. Then, Bank Jatim's net profit in 2022 was at IDR 1.54 trillion or grew 1.30 percent (YoY). "The credit expansion that we gave also did not escape the increase. Bank Jatim succeeded in disbursing credit of IDR 46.20 trillion, an increase of 8.06 percent compared to 2021," he said. The increase in lending occurred in all segments. This is in line with economic recovery in various sectors. Credit in the MSME sector contributed the highest increase, namely an increase of 26.24 percent (YoY) or recorded IDR 6.34 trillion until the end of 2022.

Then the commercial credit portfolio also increased by 7.02 percent or recorded at IDR 11.20 trillion. Meanwhile, credit achievement in the consumption sector also increased significantly, which grew by 5.11 percent or recorded IDR 28.65 trillion.

Bank Jatim's credit disbursement growth was followed by improvements in loan quality as seen from the Loan At Risk (LAR) ratio which was sloping at 4.81 percent in 2022, compared to 6.57 percent in the previous year.

The Gross Bank Jatim Non Performing Loan (NPL) ratio also decreased at 2.83 percent, compared to 4.48 percent in the previous year. Busrul said, Bank Jatim has a mission to contribute economic growth in East Java which has been carried out in various ways. Among other things, focus on the growth of MSMEs as evidenced by increasing lending to MSMEs over the past six years. Furthermore, empowering the people of East Java and MSME actors to become East Java agents. The goal is to serve people in areas that are not affordable bank service offices to make cash withdrawal transactions, transfers, cash deposits, to pay regional taxes.