Jakarta, 23 November 2023 - PT Bank Central Asia Tbk (IDX: BBCA) (the “Company”) has decided to distribute interim cash dividends, as part of the Company’s ongoing commitment to consistently delivering added value and cash dividends to shareholders. This decision is backed by the sustained growth of performance until the third quarter of 2023. It aligns with the Company’s solid capital position, adequate liquidity, and the ongoing business development of both the Company and its subsidiaries, whics also includes investments in improving technology and security standards.
The distribution of the interim dividend is based on the decision of the Company’s Annual General Meeting of Shareholders held on 16 March 2023 (“Annual GMS”), which grants power and authority to the Company's Board of Directors, with the approval of the Board of Commissioners. Should the Company's financial condition allow, and in compliance with relevant laws and regulations, the Board of Directors is granted the authority to decide on and distribute the interim dividend for the fiscal year ending on 31 December 2023. This includes determining the form, amount, and method of payment.
In connection with the power and authority granted by the Company’s Annual GMS, the Board of Directors, with the approval of the Board of Commissioners, will distribute an interim cash dividend of Rp42.50 (forty-two point five rupiah) per share for the financial year ending 31 December 2023. The total amount of the interim cash dividend to be paid is Rp5,239,189,625,000.00 (five trillion two hundred thirty-nine billion one hundred eighty-nine million six hundred twenty-five thousand rupiah). This represents a 21.4% increase compared to the interim dividend paid for the financial year ending 31 December 2022.
“We express our sincere gratitude for the trust placed in us by all shareholders, which has enabled the Company to maintain positive performance growth until the third quarter of 2023. As of September 2023, BCA has recorded robust loan growth across all segments, reaching Rp766.1 trillion, signifying a 12.3% YoY increase. Furthermore, we have consistently improved loan quality, witnessed increased activity in transaction banking and funding, and ensured that liquidity and capitalization are maintained at adequate levels. The distribution of interim cash dividends is a testament to the Company’s commitment to conducting business in the best possible manner, with the aim of providing sustainable added value to shareholders,” expressed Jahja Setiaatmadja, President Director of BCA.
The interim cash dividend distribution schedule for the financial year ending 31 December 2023 is as follows:
| No. | AGENDA | DATE |
|
1 |
Announcements on the Indonesia Stock Exchange and Newspapers |
23 November 2023 |
|
2 |
End of Trading Period with Dividend Rights (Cum Dividend)
|
1 December 2023 5 December 2023 |
|
3 |
Beginning of Trading Period without Dividend Rights (Ex Dividend)
|
4 December 2023 6 December 2023 |
|
4 |
Date of List of Shareholders entitled to Dividend (Record Date) |
5 December 2023 |
|
5 |
Interim Cash Dividend Payment Date for 2023 Fiscal Year |
20 December 2023 |
This interim cash dividend will be included in the final dividend for the financial year ending 31 December 2023, which will be distributed after obtaining approval from the Company's Annual General Meeting of Shareholders, scheduled to be held in 2024.
As information, SME booked highest credit growth as of September 2023, up 16.4% YoY reaching Rp104.8 trillion. Corporate loans grew by 12.2% YoY to Rp343.5 trillion and commercial loans increased by 6.5% YoY to Rp121.0 trillion. On consumer segment, mortgages grew by 11.5% YoY to Rp117.9 trillion and vehicle loans increased by 22.1% YoY to Rp53.5 trillion. Credit card and individual loans outstanding grew by 15.3% YoY to Rp15.0 trillion, resulting in a 14.4% YoY increase in the total consumer portfolio to Rp189.6 trillion. Overall, BCA's total loans rose by 12.3% YoY to Rp766.1 trillion. Regarding sustainable financing, BCA’s portfolio grew by 11.9% YoY to Rp193.2 trillion, or accounted for 25.0% of total loans.
Picture Information:
Committed to Adding Value, BCA Distributes Interim Cash Dividend - PT Bank Central Asia Tbk (IDX: BBCA) has decided to distribute interim cash dividends, in line with the Company’s commitment to consistently provide added value and cash dividends to all shareholders. This decision is supported by the sustainable performance growth trend until the third quarter of 2023. It aligns with the Company’s solid capital position, adequate liquidity, and the ongoing business development of both the Company and its subsidiaries. This includes investments in improving technology and security standards.
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About PT Bank Central Asia Tbk (as of 30 September 2023)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of September 2023, BCA has the privilege of serving nearly 39 million customer accounts, processing around 81 million of daily transactions through a network of 1,252 branches; 18,705 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With around 25,000 employees, BCA’s vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Group Corporate Communication and Social Responsibility - CSR
Corporate Communication
Address : Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
