REPUBLIKA.CO.ID, JAKARTA -- The Annual General Meeting of Shareholders (RUPST) of Bank Negara Indonesia (BNI) approved a dividend distribution of 25 percent of net income for the 2020 financial year, around Rp820.1 billion.
The company calculates the composition of government-owned shares at 60 percent, so the company will deposit a dividend of Rp 492.58 billion into the state general cash account.
President Director BNI Royke Tumilaar said the public share of dividends for the ownership of 40 percent of shares worth Rp 327.52 billion will be given to shareholders according to their respective ownership.
"The Board of Directors of the company with substitution rights will determine the schedule and procedures for dividend distribution for the 2020 financial year in accordance with the provisions. Meanwhile, 75 percent of last year's net profit or Rp2.46 trillion will be used as retained earnings," he said during a virtual press conference, Monday (29/3).
BNI has taken a number of steps, strategies and policies aimed at maintaining performance amidst these difficult conditions. The Commissioners also consistently direct, monitor, and evaluate the implementation of the bank's 2020 strategic policies, including through evaluating the bank's business plan and 2020 financial performance.
"Shareholders fully support various strategic policies taken in 2021 in facing challenges and fast business dynamics," he said.
Royke said the strategic policies included improving credit quality through improved risk management. Second, increasing digital capability in meeting customer needs.
BNI is targeting credit disbursement of 8 percent on an annual basis (yoy) this year. This figure is higher than last year's growth of 5.3 percent (yoy).
Royke Tumilaar said the company is optimistic that this year's global and domestic economic conditions will be better than the previous year, so that it can encourage the company's credit distribution.
"We project that credit growth is six to seven percent, so that's our projection, if it gets better, maybe eight percent. BNI has made many internal improvements, credit processes, transactions to make it more efficient,” said Royke.
Lending is expected to accelerate starting in the second quarter of this year. The government continues to carry out a vaccination program, plus various stimuli from the fiscal authorities and financial sector regulators, will have a positive impact on the company's credit growth.
The sales tax discount policy on luxury goods (PPnBM) for motorized vehicles, Value Added Tax (PPN) incentives for the property sector, which is supported by a loan to value (LTV) of up to 100 percent or zero percent down payment, is considered to be able to restore the economy in this.
Throughout 2020, the realization of BNI credit disbursement was Rp 586.2 trillion, or grew 5.3 percent (yoy). This achievement was higher than the realization of banking industry lending at minus 2.41 percent (yoy).