PR Newswire
15 Mar 2023, 16:40 GMT+10
JAKARTA, Indonesia, March 15, 2023 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) held the Annual General Meeting of Shareholders (AGM) 2023 on 13 March 2023 in Jakarta, Indonesia. In the AGM 2023, BRI distributed dividends worth 85% of the consolidated net profit from 2022, valuing IDR 43.94 trillion. The remaining 15%, or IDR 7.67 trillion, will be used as retained earnings.
The cash dividends distributed include IDR 8.60 trillion paid to shareholders, while the remaining of at least IDR 34.89 trillion were given to BRI shareholders.
"At least 53.19% or IDR 23.15 trillion of the dividends earned will be deposited to the State Treasury. This proves our contribution to the country, as BRI is a bank that serves the people, conducts business with the people, and operates in a way that benefits the people. The profits are returned to the people of Indonesia through dividend payments and taxes," said Sunarso, BRI's President Director.
Despite the global economic uncertainty, BRI had strong performance in 2022 with a recorded net profit of IDR 51.4 trillion, growing 67.15% Year-on-Year (YoY). The total assets also experienced 11.18% YoY growth, reaching 1,865.64 trillion in 2022.
Furthermore, BRI has been granted approval to repurchase shares listed on the Indonesia Stock Exchange with a maximum value of IDR 1.5 trillion. "The buyback is intended to increase the ownership ratio of BRI shares by employees, which is expected to enhance their sense of ownership and encourage them to contribute to the company's goals and achievements," explained Sunarso.
BRI's AGM 2023 covered eight agendas, 3 of which are the distribution of dividends, authorization to buy back shares up to IDR 1.5 trillion, and the appointment of a new board member. The meeting also had five other agendas, which include approving annual reports, setting remuneration for directors and commissioners, appointing auditors, approving resolutions and recovery plans, as well as reviewing the use of funds from the company's bond offerings in 2021.
"The company is committed to making 2022 to 2024 a transitional period for business recovery while strengthening its internal capacity to accelerate business growth. We will focus on strengthening core aspects, including our business and enablers, to maintain sustainable growth," concluded Sunarso.
Visit www.bri.co.id for more information about BRI.
Get a daily dose of Singapore Star 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 Singapore Star.
More InformationEDINBURGH, Scotland: Humza Yousaf, the first Muslim to lead a democratic western European nation, was sworn in as Scotland's new ...
WASHINGTON D.C.: Potentially hampering US efforts to arm Ukraine against Russia's invasion, rebuild local infrastructure and boost production, manufacturers of ...
WASHINGTON D.C.: After a series of high-profile incidents aboard US aircraft, several bipartisan lawmakers will again push for legislation to ...
HANOI, Vietnam: Tensions were again increasing off the coast of Vietnam as Hanoi ordered its navy to shadow a Chinese ...
In Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
BERLIN, Germany: Reuters has reported that despite potentially higher interest rates, Germans are placing fewer deposits abroad, due to fears ...
WASHINGTON D.C.: The US and Japan have signed a trade memo on electric vehicle (EV) battery minerals.US Trade Representative Katherine ...
ST LOUIS, Missouri: The latest in a number of US cities to take action, St. Louis, Missouri, said this week ...
DUBLIN, Ireland: Bank of Ireland has announced that it has raised fixed mortgage rates following a cumulative 3.5 percent rate ...
NEW YORK, New York - U.S. stocks finished the third quarter with a bang on Friday. Despite a volatile start, ...
CUPERTINO, California: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden's Klarna, this week ...