BRI Commits to its Share Buyback Program and Providing Optimal Dividends to Shareholders
Bank Rakyat Indonesia announces an ongoing share buyback program effective from March 1, 2022, until August 31, 2023, with a total value of IDR 3 trillion. This initiative aims to enhance shareholder value alongside optimal dividend distributions. In 2022, the bank delivered an impressive dividend payout of 85% of its 2021 net profit, amounting to IDR 24.9 trillion. Year-on-year, profit growth reached 98.4% as of Q2 2022, supported by effective credit restructuring and strategic business transformations.
- Share buyback program worth IDR 3 trillion to boost shareholder value.
- Profit growth of 98.4% YoY, reaching IDR 24.9 trillion in Q2 2022.
- 85% dividend payout ratio from 2021's net profit indicates strong capital management.
- None.
JAKARTA, Indonesia, Sept. 21, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) is providing optimal dividends to shareholders and implementing its share buyback program from 1 March 2022 until 31 August 2023.
BRI President Director Sunarso said, "With good capital management, BRI will continue to provide optimal dividends to shareholders. In the next three to four years, BRI's potential dividend payout ratio distribution is higher. For example, BRI paid
The optimal dividend is supported by excellent profitability, until the 2nd Quarter of 2022, BRI's profit grew
BRI's total assets grew by
BRI's growth in credit disbursement combined with good credit quality was reflected in BRI's non- performing loan ratio of
The UMi holding reached 23.5 million people with a total financing of IDR 183.9 trillion in August 2022. Gerai Senyum reached 1,003 locations, from the initial target of 978. Additionally, 1.8 million micro-customers' business credits were upgraded to commercial in 2021.
BRI also implements share buybacks, through the Annual General Meeting of Shareholders (AGMS) on 1 March 2022, BRI has obtained the shareholders' approval buyback its shares of a maximum total value of IDR 3 trillion. In accordance with the Disclosure of Information Agreement, the buyback shares will be utilized for the BRILian Personnel (BRI Employee) Share Ownership Program.
For more information about BANK BRI, visit www.bri.co.id.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
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