Bank Mandiri Declares Rp 4.65 Billion Dividend2 April 2013
Bank Mandiri’s Annual General Meeting of Shareholders (AGM) has approved the Company’s Annual Report, including the Financial Statements of the Company for the year ended December 31, 2012.
In addition, the AGM approved a dividend payout of 30% of net profit for 2012, or Rp 4.65 trillion (Rp 199.33 per share).
According to Bank Mandiri Director of Finance & Strategy Pahala N. Mansury, the dividend represented an expression of appreciation for the support given to the Bank by its shareholders during 2012.
“This dividend is also in line with our commitment to providing good total returns to shareholders so that Bank Mandiri can continue to expand optimally in the future in accordance with our business plan,” explained Pahala.
Bank Mandiri’s Commissioners and Directors are committed to continuing the transformation process at the Bank so as to make it Indonesia’s most admired and progressive financial institution. At the AGM, which was held on 2 April 2013, the shareholders appointed Budi Gunadi Sadikin as Bank Mandiri CEO and Heri Gunardi as a Director, and reappointed Ogi Prastomiyono as a Director. The shareholders also appointed Agus Supriyanto, Rudi Rubiandini and Abdul Aziz as members of the Board of Commissioners.
“As a progressive financial institution, we want to continue growing with Indonesia and to continue delivering optimum value to our shareholders and stakeholders. We will continue to transform ourselves so as to grow with Indonesia and become a bank with one of the largest market capitalization in Southeast Asia. ”
Bank Mandiri’s results in 2012 saw significant improvements in all financial aspects. Overall, the Bank successfully completed its work plan, not only in the financial arena but also as regards to improvements in the quality of services, risk management and good governance.
Net profit in 2012 grew 26.6% to Rp 15.5 billion. Besides higher lending, the increase in net profit was also driven by growth in fee-based income, which reached Rp 12.2 trillion in 2012. Total low-cost funds amounted to Rp 316.1 trillion, showing that public confidence in the Bank and transactional convenience continued to increase.
Lending to the productive sector expanded by 24.4% (bank only) to Rp 292.2 trillion. By loan segment, the highest growth was recorded by the micro and small enterprises (business banking) segments, which expanded respectively by 62.4% and 27.3% (bank only).
The shareholders also approved the setting aside of 60.3% of net profit, or Rp 9.34 trillion, as retained earnings to strengthen the Company’s capital structure and support expansion plans. Following on from a recent decision of the Constitutional Court that enhanced the powers of state-owned banks, the shareholders also set a ceiling of Rp 5 trillion for write-offs.
“The Company will continue its efforts to prudently resolve problem loans so as to provide optimal outcomes,” said Bank Mandiri Director Royke Tumilaar.