BRI's Record Dividend Announcement and Management Changes
BRI Also Discusses Major Management Changes and Future Strategies
PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) successfully held its Annual General Meeting of Shareholders (AGMS). This significant event was marked by the decision to distribute dividends totaling IDR 51.73 trillion, which is an increase compared to the previous year’s distribution of IDR 48.10 trillion. Furthermore, BRI announced their intention to initiate a share buyback program amounting to IDR 3 trillion.
During the AGMS, corporate leaders presented ten agenda items, highlighting three essential topics: the dividend distribution, the share buyback plan, and notable management changes.
Understanding Dividend Distribution and Company Profit
BRI’s net profit for the last fiscal year stood at an impressive IDR 60.15 trillion. From this amount, the bank allocated IDR 51.73 trillion specifically for cash dividends. The interim dividend amounted to IDR 20.33 trillion, reflecting IDR 135 per share, which was distributed in January. Following this distribution, BRI plans to deliver an additional payout of approximately IDR 31.40 trillion to its shareholders, where IDR 27.68 trillion will go to state ownership.
Insights on BRI’s Share Buyback Program
In a strategic move to enhance shareholder value, the AGMS approved a share buyback plan of up to IDR 3 trillion. This initiative will allow BRI to repurchase shares either through the Stock Exchange or directly outside of it, providing flexibility in how they manage their equity and return value to shareholders.
Management Changes for a Bright Future
The AGMS also saw significant changes in the company’s management structure. Nineteen individuals, including notable figures such as Sunarso, the former President Director, and Catur Budi Harto, the Deputy President Director, stepped down. In their place, BRI introduced a new management team, with Hery Gunardi stepping in as President Director and Hakim Putratama taking the role of Director of Operations.
Additionally, the meeting resulted in several reassignments, such as Agus Noorsanto, who transitioned from Director of Wholesale and Institutional Business to Deputy President Director and Ahmad Solichin Lutfiyanto taking on the responsibility of Director of Human Capital & Compliance. These shifts indicate BRI's ongoing efforts to strengthen its leadership as it moves forward.
The AGMS tackled significant agenda items, which are all detailed on BRI's official website. This transparency aligns with the bank's commitment to corporate governance and accountability.
In conclusion, the outcomes of the AGMS reflect PT Bank Rakyat Indonesia's dedication to enhancing its operational effectiveness and maximizing shareholder value. Company officials expressed their optimism regarding these decisions, viewing them as pivotal steps towards future growth and stability.
Frequently Asked Questions
What is the total dividend declared by BRI for 2025?
BRI declared a total dividend of IDR 51.73 trillion for 2025.
When was the interim dividend distributed?
The interim dividend was distributed in January.
What is the purpose of the share buyback plan?
The share buyback plan aims to enhance shareholder value and improve the management of the bank’s equity.
Who were the key figures replaced in the management restructure?
Key figures replaced include Sunarso as President Director and Catur Budi Harto as Deputy President Director.
How many agenda items were discussed during the AGMS?
A total of ten agenda items were discussed during the AGMS.
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