BCA Holds Annual General Meeting of Shareholders

Jakarta, 9 April 2020 – PT Bank Central Asia Tbk (Company) today holds the Annual General Meeting of Shareholders (AGMS) at BCA Tower Grand Indonesia at Jl. MH Thamrin No. 1, Jakarta. BCA organizes the meeting by following the Health Guidelines provided by the World Health Organization (WHO) and in accordance with the Indonesian government’s instruction to check meeting participant’s body temperature, to require all to wear a mask, to prepare hand sanitizer for shareholders entering BCA Tower, and to maintain the recommended distance between seats following the government’s physical-distancing measure.

The AGMS have made several decisions on the following matters:

• The AGMS approves of the Annual Report and grants full release and discharge of responsibility (acquit et de charge) to all members of the Directors Board and the Commissioners Board on management and supervisory function of the fiscal year ending on December 31st, 2019.
• Regarding the Company’s Rp28.6 trillion Net Profit of fiscal year 2019, the AGMS approves the net profit appropriation for, among others, the distribution Cash Dividend of Rp. 555 per share. This cash dividend includes interim dividend of Rp100 per share, previously distributed on December 20th, 2019.
• The AGMS approves the changes within the composition of the Company's Board of Directors with the appointment of Mr. Haryanto Tiara Budiman and Mr. Gregory Hendra Lembong; and approves Ms. Inawaty Handojo’s resignation as the Company’s Director (concurrently the Compliance Director) and expresses its highest appreciation for the services she provided during her term of office.
• AGMS grants power to determine salary or honorarium and allowances of fiscal year 2020, and bonus of fiscal year 2019, which the Company will pay to the Board of Commissioners and Directors.
• AGMS grants power and authority to the Commissioners Board to appoint a Registered Public Accountant Office to conduct an audit in 2020.
• AGMS grants power and authority to the Directors, with the approval of the Commissioners Board, to pay interim dividends of fiscal year 2020.
• AGMS approves changes within the Company's recovery plan.

Dividend distribution is 47.9% of the total Net Profit of fiscal year 2019, a significant increase of 15.5% compared to the previous year. Cash dividend distribution of fiscal year 2019 takes into account the business growth projection, fulfilment of capital requirements for the company’s move to acquire two banks, and the potential reduction in capital charges due to changes in Operational RWA calculation. Going forward, BCA will continue to review the amount of distributed dividend according to the market conditions and the company's yearly business performance. 

The appointment of Mr. Haryanto Tiara Budiman as Director (concurrently Compliance Director) and Mr. Gregory Hendra Lembong as Director of the Company, shall be effective on the first business day of the following month after OJK’s approval; as well as accepting Mrs. Inawaty Handojo’s resignation as Director (concurrently the Compliance Director) of the Company, following Mr. Haryanto Tiara Budiman’s effective appointment as Director (concurrently the Compliance Director) of the Company. The appointment of two new directors aims at complementing the Company’s managerial capabilities in business development to face rapid changes in business dynamics, intense industry competition, and digital technology emergence in the future.

With the conclusion of the AGMS, the composition of the Company's Board of Commissioners and Directors is as follows:

Catatan:              
*) Remains in office until Mr. Haryanto Tiara Budiman effectively serves as Director (concurrently Compliance Director)
**) To be effective on the first business day of the following month after OJK’s approval

BCA’s 2020 AGMS – (left to right) BCA’s President Commissioner Djohan Emir Setijoso, BCA’s President Director Jahja Setiaatmadja, and BCA’s Director Vera Eve Lim in the Annual General Meeting of Shareholders (AGMS) in Jakarta, Thursday (09/04). AGMS approves appropriation of the Company’s Rp28.6 trillion Net Profit of fiscal year 2019 for, among others, the distribution Cash Dividend of Rp. 555 per share. This cash dividend includes interim dividend of Rp100 per share, previously distributed on December 20th, 2019. Dividend distribution is 47.9% of the total Net Profit of fiscal year 2019, a significant increase of 15.5% compared to the previous year. The AGMS also approves the appointment of Mr. Haryanto Tiara Budiman as Director (concurrently Compliance Director) and Mr. Gregory Hendra Lembong as Director of the Company, and accepting the resignation of Mrs. Inawaty Handojo as Director (concurrently Compliance Director) of the Company, to be effective on the first business day of the following month after OJK’s approval.

***

About PT Bank Central Asia Tbk (as of December 31st, 2019)
BCA is one of the leading commercial banks in Indonesia focusing on banking transaction business while providing loan services and financial solutions to various clients from corporates, commercials & SMEs, to consumers. As of December 2019, BCA served 22 million customer accounts, processing millions of transactions every day through 1,256 branch offices and 17,928 ATMs, while operating its 24-hour internet and mobile banking system.

Untuk informasi lebih lanjut, dapat menghubungi:
PT BANK CENTRAL ASIA TBK
Divisi Sekretariat & Komunikasi Perusahaan
Sub Divisi Komunikasi Perusahaan
Biro Hubungan Masyarakat

Alamat: Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia Lt. 20
Jakarta Pusat 10310
Telepon: (021) 2358-8000
Fax: (021) 2358-8339
E-mail: humas@bca.co.id