BRI Celebrates Its 129th Anniversary by Distributing Rp20.46 trillion Interim Dividend to Shareholders

Rhea-AI Summary

Bank Rakyat Indonesia (BRI) announces a significant interim dividend distribution of Rp20.46 trillion (Rp135 per share) as part of its 129th Anniversary celebration. Of this amount, Rp10.88 trillion will go to the Indonesian Government and Rp9.58 trillion to public shareholders, with payment scheduled for January 15, 2025.

The bank's strong financial performance is reflected in its Q3 2024 results, showing a consolidated net profit of Rp45.36 trillion. BRI's loan disbursement reached Rp1,353.36 trillion, growing 8.21% YoY, with 81.70% directed to the MSME segment. The bank's assets grew 5.94% YoY to Rp1,961.92 trillion, while maintaining improved asset quality with an NPL ratio of 2.90% and LAR ratio of 11.66%.

JAKARTA, Indonesia, Dec. 16, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) proudly announces the distribution of an interim dividend to shareholders as part of its 129th Anniversary celebration. This demonstrates BRI's commitment to delivering economic value to its shareholders while commemorating its contribution to Indonesia's economy.

According to the company's public disclosure, based on the financial statements ending September 30, 2024, the company will distribute an interim dividend for the 2024 fiscal year of Rp135 (One Hundred Thirty-Five Rupiah) per share, totalling Rp20.46 trillion. Of this amount, Rp10.88 trillion will be allocated to the Government of Indonesia, while up to Rp9.58 trillion will go to public shareholders.

Schedule and Procedures for Interim Dividend Distribution:

No.	Description	Date
1	Announcement of Schedule and Procedures	December 16, 2024
2	End of Share Trading Period with Dividend Rights (Cum Dividend): Regular & Negotiated Markets Cash Market	December 24, 2024 December 30, 2024
3	Start of Share Trading Period Without Dividend Rights (Ex- Dividend): Regular and Negotiated Markets Cash Market	December 27, 2024 January 2, 2025
4	Record Date for Eligible Shareholders	December 30, 2024
5	Interim Dividend Payment	January 15, 2025

BRI President Director, Sunarso stated that the interim dividend distribution reflects BRI's healthy performance and its appreciation for shareholders who have supported the bank's 129-year journey.

He emphasized that the interim dividend distribution will not affect BRI's capital adequacy. "All investment needs have been met, and sufficient reserves have been allocated to cover potential risks," Sunarso added.

As of the end of Q3 2024, BRI recorded a consolidated net profit of Rp45.36 trillion. In terms of intermediation, BRI disbursed Rp1,353.36 trillion in loans by the end of September 2024, representing a year-on-year (YoY) growth of 8.21%. Notably, 81.70% of these loans, or approximately Rp1,105.70 trillion, were directed to the MSME (Micro, Small, and Medium Enterprises) segment. This growth also drove BRI's assets to grow 5.94% YoY, reaching Rp1,961.92 trillion.

Additionally, BRI maintained strong asset quality, as demonstrated by the improvement in its Non-Performing Loan (NPL) ratio, which stood at 2.90% in Q3 2024, down from 3.07% in the same period last year. The Loan at Risk (LAR) ratio also improved, declining from 13.80% in Q3 2023 to 11.66% in Q3 2024.

For more information on BRI, please visit www.bri.co.id     

 

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

FAQ

What is the amount of BRI's interim dividend per share for 2024?

BRI announced an interim dividend of Rp135 per share for the 2024 fiscal year.

When will BRI pay the 2024 interim dividend to shareholders?

BRI will pay the interim dividend to eligible shareholders on January 15, 2025.

What percentage of BRI's loans are allocated to the MSME segment?

81.70% of BRI's loans, approximately Rp1,105.70 trillion, are directed to the MSME (Micro, Small, and Medium Enterprises) segment.

How has BRI's asset quality improved in Q3 2024?

BRI's asset quality improved with NPL ratio decreasing to 2.90% from 3.07% year-over-year, and LAR ratio improving to 11.66% from 13.80%.

What is BRI's total loan disbursement as of Q3 2024?

BRI's total loan disbursement reached Rp1,353.36 trillion by the end of September 2024, showing an 8.21% year-on-year growth.

How much of the interim dividend will go to the Indonesian Government?

The Indonesian Government will receive Rp10.88 trillion from the total interim dividend distribution.