Berita


Sharing 50% Dividend, BNI Optimistic for Positive Performance in 2024

Sharing 50% Dividend, BNI Optimistic for Positive Performance in 2024

04/03/2024. PT Bank Negara Indonesia (Persero) Tbk or BNI is committed to maintaining the momentum of sustainable performance growth through healthy, long-term oriented business expansion.

This aims to ensure that the Company can record increasing profitability, is resilient in facing economic dynamics and challenges, and can provide optimal returns for the country and shareholders.

The Company held its Annual General Meeting of Shareholders (AGM) for the fiscal year 2023 and approved the distribution of dividends of 50% of the net profit for the fiscal year 2023, totaling IDR 10.45 trillion.

The dividend distribution value increased by 42.76% from the total dividend for fiscal year 2022 of IDR 7.32 trillion. Accordingly, the dividend value per share this time is set at IDR 280.49.

By taking into account of the 60% share composition owned by the Government, the Company will deposit dividends of IDR 6.27 trillion into the State Treasury account.

Meanwhile, the other 50% of the Company's net profit or IDR 10.45 trillion will be used as retained earnings for BNI Group's sustainable business development in the future.

BNI President Director Royke Tumilaar said that the increase in the dividend payout ratio to 50% this year was carried out in line with the Company's financial performance which continued to record positive performance with a net profit of IDR 20.9 trillion in 2023.

The Company has also managed to maintain its Capital Adequacy Ratio (CAR) at a healthy level of 22% in December 2023, giving it the capacity to pay dividends at a higher ratio and value, while still meeting BNI Group's business and investment needs.

The positive performance was achieved amidst various external challenges in 2023, which were mainly caused by increased geopolitical risks, high global inflation and interest rates, and economic slowdown in China.

The Company has remained consistent and disciplined in implementing the transformation program over the past three years. This strategic step has become a turning point that further strengthens BNI's business foundation.

The Company is committed and strives to be disciplined to continue the transformation program in order to have a positive impact on the contribution of national economic growth and corporate profitability.

Increased profitability will be accomplished by consistently recording quality loan growth from the corporate, MSME, and consumer segments, ensuring that asset quality remains robust in the long run.

With various digital innovations, the Company continues to boost business productivity, operational efficiency and the contribution of its subsidiaries. Management also proactively encourages various programs to improve HR capabilities and optimize technology.

“Our favorable result in 2023 demonstrates the achievement of our transformation program at BNI. We are committed to continuing to strengthen the business foundation by consistently encouraging the strengthening of business models and the implementation of corporate culture,” he said.

Loans grew by 7.6% Year on Year (YoY) throughout 2023, reaching IDR 695 trillion, driven by expansion in low-risk segments, namely blue chip corporations both private and state-owned, consumer credit, and Subsidiaries.

The contribution of these subsidiaries is supported by the continual performance strengthening in line with the ongoing transformation of the subsidiaries such as BNI Finance and hibank.

“By economic sector, all sectors generally grew positively with the largest contributors including trade, manufacturing industry, energy, and business services,” he added.

Furthermore, Royke stated that the Company continues to strengthen digital innovation by continuing to strengthen digitalization in business processes, as well as developing a more advanced transaction banking platform.

The Company also proactively improves data security and protects customer privacy from cybercrime, enabling BNI to have a superior value proposition and customer engagement.

In addition, Royke also explained, as a form of the Company's commitment to the implementation of ESG principles, the Company has made efforts such as the establishment of ESG frameworks and roadmaps for the short, medium and long term, with a target of Net Zero Emission (NZE) Operations in 2028 and NZE Financing in 2060.

The Company also conducts climate-related risk analysis on financing activities for sectors with high emissions, increases financing to environmentally friendly sectors, and conducts an inventory of emission data.

For more optimal implementation, the Company is preparing an emission data management infrastructure as a tool to calculate and monitor the Company's greenhouse gas (GHG) emissions.

“BNI's success in maintaining the A rating from MSCI is one proof of BNI's commitment to continue to improve ESG implementation in all aspects of bank operations,” he said.

Related

Arsip Berita