PR Newswire
17 Apr 2023, 13:11 GMT+10
JAKARTA, Indonesia, April 17, 2023 /PRNewswire/ -- PT. Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) distributed cash dividends of IDR 34.89 trillion on April 12, 2023. This is in accordance with the decision of the 2023 Annual General Meeting of Shareholders (AGMS), where it was decided that BRI would pay a dividend payout ratio of 85% of the consolidated net profit in 2022.
BRI Group's strong and sustainable performance growth throughout 2022 is the result of the company's continued efforts. Despite the challenging economic climate, BRI Group achieved a strong and sustainable performance growth amidst global economic uncertainty, by successfully recording a net profit of IDR 51.4 trillion, which grew by 67.15% Year-on-Year (YoY).
As a result, IDR 43.94 trillion, which represents 85% of the dividend payout ratio attributable to the parent entity owners, will be distributed as cash dividends. The dividen also includes the interim dividends of IDR 8.60 trillion paid by the company to shareholders on January 27, 2023.
The remaining IDR 7.67 trillion, accounting for the remaining 15% of the payout ratio, will be allocated as retained earnings. As for the dividends of at least 53.19% of the shares or at least IDR 23.15 trillion belonging to Indonesia, will be deposited to the country's State General Treasury Account.
According to BRI's President Director, Sunarso, the decision to set the dividend payout ratio at 85% was based on a careful evaluation of the company's financial standing, considering its strong capital structure and optimal liquidity, which can support BRI's business expansion and enable the company to anticipation future risks. "Maintaining a dividend payout ratio of 85% would ensure that BRI's Capital Adequacy Ratio (CAR) remains at around 20% for the long term," explained Sunarso.
The distribution of dividends serves as concrete proof of BRI's commitment to creating economic and social value for all stakeholders. "BRI conducts business with the people and does so in a manner that is aligned with their values. BRI's profits are reinvested in the people through taxes and dividends," concluded Sunarso.
Information about BRI can be accessed at www.bri.co.id.
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationBRUSSELS, Belgium: EU tech chief Margrethe Vestager has said that a draft code of conduct on artificial intelligence (AI) could ...
MOSCOW, Russia: After a turbulent 15 months of store closures and declining demand, Russian designers and brands are assisting the ...
WASHINGTON D.C.: The Federal Communications Commission (FCC) has said that more than 8.3 million US homes and businesses do not ...
CHICAGO, Illinois: Driven by an ongoing shortage of properties available on the market, in March US single-family home prices rose ...
MIAMI, Florida: Carnival Cruise Lines has said a cruise ship, the Carnival Sunshine, which sailed through rough seas off the ...
BEIJING, China: On his return to China after a three year absence, which is his company's largest production hub, Tesla ...
PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...
HONG KONG, China: Describing the lack of women in China's top leadership as concerning, the United Nations has recommended the ...
BEIJING, China: Amid its rivalry with the US for reaching new milestones in space, reflecting their competition for global influence, ...
WASHINGTON D.C.: A Transportation Security Administration (TSA) report released this week revealed that over the Memorial Day weekend, the start ...
KUALA LUMPUR, Malaysia: Malaysia's maritime agency has said that it found a cannon shell believed to be from World War ...
KATHMANDU, Nepal - For the past three days, agitated students and guardians have been protesting against the school administration at ...