29/11/2023. PT Bank Negara Indonesia (Persero) Tbk is committed to continuing to support the government in promoting long-term economic growth through attractive dividend distribution.
Meanwhile, the Ministry of Finance reported that state revenues until October 2023 totaled IDR 2,240.1 trillion, or a 2.8% annual growth rate (YoY), with IDR 74.1 trillion coming from dividend payments from state-owned enterprises, which were generally supported by the association of state-owned banks.
BNI President Director Royke Tumilaar is delighted that the company's performance so far has been able to sustain a favorable trend as a result of transformation and fundamental improvements at BNI. The Company can achieve quality growth and earn excellent long-term returns.
"We are grateful for the capacity to continue paying good dividends. Dividend distribution is part of our efforts to support the government while also appreciating our shareholders," he concluded.
BNI's dividend payout ratio for the 2022 financial year has increased to 40% or IDR 4.39 trillion, from 25% for the 2021 financial year.
Royke explained that BNI's financial indicators are also likewise in good shape. The company's capital adequacy ratio (CAR) can be maintained at 21.9% by September 2023, up from 18.9% in the same period last year and much exceeding the minimum requirement of 13.8%.
Royke added, BNI is still able to boost investment as reflected in the increase in the capital expenditure budget (Capital Expenditure) for 2023 by 70% YoY, as well as plans for further capital participation in several subsidiaries contained in this year's business plan.
"With a positive business growth outlook as a result of a prudent and quality growth strategy, we believe profits will continue to strengthen so that capital strengthening will continue to occur organically," Royke concluded.