Dian Kuswandini, The Jakarta Post, Jakarta | Fri, 05/23/2008 10:53 AM | Business
Indonesia's second largest bank by assets, Bank Central Asia (BCA) will pay a total Rp 2.2 trillion (US$237 million) in dividends, or Rp 91 per share, from its 2007 net profit, as approved during a shareholders meeting Thursday.
BCA vice president Jahja Setiaatmadja said the amount was equal to 49.4 percent of last year's net profit of Rp 4.49 trillion.
"Of the agreed final dividend amount, the shareholders already received a total dividend payment of Rp 27.5 per share in December 2007," Jahja said, adding that the remaining Rp 63.5 per share would be paid in June.
Around 46.38 percent of the bank's assets, or close to 11.43 billion shares, are publicly owned as of end of this year's first quarter.
The meeting also approved the appointment of Sigit Pramono to BCA independent commissioner. Sigit is a former president director of bank BNI, which he left in February.
BCA earned Rp 1.2 trillion in net profits in the first quarter of this year, a 13 percent increase from Rp 1.1 trillion in the same period in 2007. The bank booked a total Rp 4.5 trillion in net profits last year, up by 5.8 percent from 2006.
A bank Bukopin shareholders meeting approved dividend payments of Rp 187.56 billion, or Rp 33.07 per share, from its 2007 net profits.
"The agreed final dividend amount is equal to 50 percent of last year's net profits of Rp 375.13 billion," president director Glen Glenardi said.
He also said Bukopin had allocated the entire proceeds of its initial public offering, or Rp 269 billion, for loan distributions and investments.
The bank sold 15 percent of its shake, or 843 million shares, through an initial public offering in 2006.
"Bukopin has disbursed Rp 188.3 billion, or 70 percent of the IPO proceeds, for loans," he said, adding that a further 15 percent had been used to open new branches, 10 percent to fund investments in IT infrastructures and 5 percent for employee training.
"This year, Bukopin is still focusing on financing infrastructure projects like power plants. The latest project is a 195 MW plant in Poso (South Sulawesi) and Bukopin will disburse Rp 150 billion for the project," Glenn said.
According to state-owned power company PT Perusahaan Listrik Negara, Bukopin previously agreed to channel Rp 454.9 billion for the construction of a 945 MW plant in Teluk Naga, West Java, Rp 481.9 billion for a 900 MW plant in Pelabuhan Ratu, West Java, and Rp 480 billion for a 630 MW plant in Pacitan, East Java.
Bukopin racked up Rp 94 billion in net profits in the first quarter of 2008, down 7 percent from Rp 101 billion in the same period last year.
Last year, Bukopin earned Rp 375.13 billion in net profits, up from Rp 315.22 billion in 2006.
Indonesia's second largest bank by assets, Bank Central Asia (BCA) will pay a total Rp 2.2 trillion (US$237 million) in dividends, or Rp 91 per share, from its 2007 net profit, as approved during a shareholders meeting Thursday.
BCA vice president Jahja Setiaatmadja said the amount was equal to 49.4 percent of last year's net profit of Rp 4.49 trillion.
"Of the agreed final dividend amount, the shareholders already received a total dividend payment of Rp 27.5 per share in December 2007," Jahja said, adding that the remaining Rp 63.5 per share would be paid in June.
Around 46.38 percent of the bank's assets, or close to 11.43 billion shares, are publicly owned as of end of this year's first quarter.
The meeting also approved the appointment of Sigit Pramono to BCA independent commissioner. Sigit is a former president director of bank BNI, which he left in February.
BCA earned Rp 1.2 trillion in net profits in the first quarter of this year, a 13 percent increase from Rp 1.1 trillion in the same period in 2007. The bank booked a total Rp 4.5 trillion in net profits last year, up by 5.8 percent from 2006.
A bank Bukopin shareholders meeting approved dividend payments of Rp 187.56 billion, or Rp 33.07 per share, from its 2007 net profits.
"The agreed final dividend amount is equal to 50 percent of last year's net profits of Rp 375.13 billion," president director Glen Glenardi said.
He also said Bukopin had allocated the entire proceeds of its initial public offering, or Rp 269 billion, for loan distributions and investments.
The bank sold 15 percent of its shake, or 843 million shares, through an initial public offering in 2006.
"Bukopin has disbursed Rp 188.3 billion, or 70 percent of the IPO proceeds, for loans," he said, adding that a further 15 percent had been used to open new branches, 10 percent to fund investments in IT infrastructures and 5 percent for employee training.
"This year, Bukopin is still focusing on financing infrastructure projects like power plants. The latest project is a 195 MW plant in Poso (South Sulawesi) and Bukopin will disburse Rp 150 billion for the project," Glenn said.
According to state-owned power company PT Perusahaan Listrik Negara, Bukopin previously agreed to channel Rp 454.9 billion for the construction of a 945 MW plant in Teluk Naga, West Java, Rp 481.9 billion for a 900 MW plant in Pelabuhan Ratu, West Java, and Rp 480 billion for a 630 MW plant in Pacitan, East Java.
Bukopin racked up Rp 94 billion in net profits in the first quarter of 2008, down 7 percent from Rp 101 billion in the same period last year.
Last year, Bukopin earned Rp 375.13 billion in net profits, up from Rp 315.22 billion in 2006.
