Posted On : 10-04-2018

BCA Ready to Distribute Dividend Rp255 per Share

BCA Siap Bagi Dividen Rp255 per Saham

PT Bank Central Asia Tbk (BCA) has recently held Annual General Meeting of Shareholders (AGM) and Extraordinary General Meeting of Shareholders (EGM). At the meeting, the company approved the decision to distribute dividend Rp6.29 trillion from the company’s net profit of Rp23.3 trillion of Book Year of 2017.

Corporate Secretary of BCA Jan Hendra explains, the figure has increased by 27.5% compared to the previous year which stood at Rp4.93 trillion. Such amount includes an interim dividend of Rp80 per share, which was paid out by BCA in December 2017.

"The GMS approved the distribution of cash dividend amounting to Rp255 per share or equivalent to 27% of our annual net profit which amounted to Rp6.29 trillion,” said Jan.

In addition to that, the GMS also grants power and authority to the company’s Board of Directors subject to the approval of the Board of Commissioners to determine and pay out interim dividends for the financial year of 2018 distributed to the shareholders that will be carried out in accordance with the prevailing laws and regulations.

The power and authority stand to the extent the financial condition of the company allows and takes into account the provisions in the prevailing laws and regulations. Furthermore, the Board of Commissioners has also been granted power and power and authority by the GMS to appoint a registered public accounting firm registered with the Financial Services Authority (OJK) to audit the books and records of the company for the financial year ended on 31 December 2018.

In its exercise, the board of commissioners will consider recommendations made by the audit committee and subject to the prevailing laws and regulations.

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