JAKARTA, Indonesia, Dec. 16, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) proudly announces the distribution of an interim dividend to shareholders as part of its 129th Anniversary celebration. This demonstrates BRI's commitment to delivering economic value to its shareholders while commemorating its contribution to Indonesia's economy.
According to the company's public disclosure, based on the financial statements ending September 30, 2024, the company will distribute an interim dividend for the 2024 fiscal year of Rp135 (One Hundred Thirty-Five Rupiah) per share, totalling Rp20.46 trillion. Of this amount, Rp10.88 trillion will be allocated to the Government of Indonesia, while up to Rp9.58 trillion will go to public shareholders.
Schedule and Procedures for Interim Dividend Distribution:
No.
Description
Date
1
Announcement of Schedule and Procedures
December 16, 2024
2
End of Share Trading Period with Dividend Rights (Cum Dividend):
December 24, 2024
December 30, 2024
3
Start of Share Trading Period Without Dividend Rights (Ex-
Dividend):
December 27, 2024
January 2, 2025
4
Record Date for Eligible Shareholders
December 30, 2024
5
Interim Dividend Payment
January 15, 2025
BRI President Director, Sunarso stated that the interim dividend distribution reflects BRI's healthy performance and its appreciation for shareholders who have supported the bank's 129-year journey.
He emphasized that the interim dividend distribution will not affect BRI's capital adequacy. "All investment needs have been met, and sufficient reserves have been allocated to cover potential risks," Sunarso added.
As of the end of Q3 2024, BRI recorded a consolidated net profit of Rp45.36 trillion. In terms of intermediation, BRI disbursed Rp1,353.36 trillion in loans by the end of September 2024, representing a year-on-year (YoY) growth of 8.21%. Notably, 81.70% of these loans, or approximately Rp1,105.70 trillion, were directed to the MSME (Micro, Small, and Medium Enterprises) segment. This growth also drove BRI's assets to grow 5.94% YoY, reaching Rp1,961.92 trillion.
Additionally, BRI maintained strong asset quality, as demonstrated by the improvement in its Non-Performing Loan (NPL) ratio, which stood at 2.90% in Q3 2024, down from 3.07% in the same period last year. The Loan at Risk (LAR) ratio also improved, declining from 13.80% in Q3 2023 to 11.66% in Q3 2024.
For more information on BRI, please visit www.bri.co.id
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
BRI Celebrates Its 129th Anniversary by Distributing Rp20.46 trillion Interim Dividend to Shareholders
HONG KONG, Dec. 16, 2024 /PRNewswire/ -- The 2024 Academy of International Business (AIB) Asia Pacific Regional Conference was held from 4 to 6 December in Guangzhou. This year's conference, "Reimagine International Business: Accelerate Growth through Collaboration and Digital Transformation", attracted nearly 200 experts and scholars from around the world to discuss the latest trends and challenges in the field of international business. Prof Bradley R. Barnes, President of the AIB Asia Pacific Chapter, and Interim Associate Vice-President (Global Affairs) cum Director of Global Education at Lingnan University, chaired the conference, and Prof Cui Geng, Executive Director of AIB Asia Pacific Chapter, Professor of the Department of Marketing and International Business of Lingnan University, hosted the event at the Guangdong University of Foreign Studies (GDUFS), where he is currently on a two year sabbatical.
Prof Sebastian Chung Yu-ho, Assistant Professor of the Department of Marketing and International Business at Lingnan University spoke in a special plenary session relating to Hong Kong-Mainland Economic Integration. Panellists were from the Education University of Hong Kong, the Guangdong University of Foreign Studies, and the Zowoyoo Group, and they shared perspectives on the significance and progress of the integration of Hong Kong and the Mainland over the past few years, particularly since the announcement of the Greater Bay Area strategic initiative and following the pandemic. The panellists noted that while COVID-19 disrupted supply chains and economic activities, it also accelerated digital transformation, highlighting the importance of regional cooperation. The GBA initiative presents a unique opportunity to enhance Hong Kong's role as a gateway to Mainland China, they agreed, but it necessitates careful management to maintain its distinctive advantages.
Professors from Lingnan University presented their work on a Hong Kong-Mainland Economic Integration Index, and shared insights and perspectives in Q&A discussions. Booklets detailing the economic index were distributed to all attendees, who included industry professionals and academics, highlighting the pivotal developments in economic integration between Hong Kong and the Mainland over the past four decades.
The conference was an excellent opportunity for Lingnan to engage with leading experts and contribute to meaningful discussions on the future of international business.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lingnan University participates in the 2024 Academy of International Business Asia Pacific Regional Conference
