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Friday, March 04 2022 - 17:48
AsiaNet
BRI Distributes Rp26.4 Trillion Dividend in the Annual General Meeting of Shareholders
JAKARTA, Indonesia, March 4, 2022 /PRNewswire-AsiaNet/ --

PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) held the 2022 Annual 
General Meeting of Shareholders (AGMS) in Jakarta on March 1, 2022. In the 
AGMS, BRI distributed dividends of 85% or IDR 26.40 trillion from the 
consolidated net income attributed to the Owners of the Parent Entity.

The dividend is equivalent to around IDR 174.23 per share, assuming there is a 
transfer of treasury stock before the cumulative date. This figure has 
increased by 76.17% compared to the 2020 dividend of IDR 98.90 per share.

With a healthy and sustainable performance growth throughout 2021, BRI decided 
to distribute dividends of 85% or IDR 26.40 trillion, while the remaining 15% 
or IDR 4.66 trillion is used as retained earnings.

For dividends, the Indonesia's share of ownership of at least 53.19% or IDR 
14.04 trillion will be deposited into the State General Treasury Account.

The Dividend Payout Ratio of 85% is the result of BRI's strong capital 
structure and optimal liquidity for business expansion and anticipation of 
risks that may occur in the future. With a dividend payout ratio of 85%, the 
Company's CAR is maintained at a minimum of 20%.

In addition to distributing dividends, BRI has also received approval to buy 
the Company's shares, or buyback, which has been issued and listed on the 
Indonesia Stock Exchange (IDX) with a nominal value of IDR 3 trillion.

"This buyback is aimed to increase BBRI's share ownership by employees and 
encourage more optimal contribution of BRI employees to achieving targets and 
improving company performance," said BRI's President Director, Sunarso.

Additionally, the AGMS also announced the company's new composition of the 
Board of Commissioners and the Board of Directors that has received approval 
from the Financial Services Authority and complies with the provisions of the 
applicable laws and regulations.

"BRI will continue the journey of BRIVolution 2.0 transformation to maintain 
quality and sustainable growth and achieve 2025's vision to become The Most 
Valuable Banking Group in South East Asia and Champion of Financial Inclusion, 
concluded Sunarso.

Information about BANK BRI can be accessed at www.bri.co.id

SOURCE: PT Bank Rakyat Indonesia Tbk (BRI)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=416409

   Caption: BRI Board of Directors at 2022 Annual General Meeting of 
Shareholders (AGMS) in Jakarta on March 1, 2022

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