Jakarta. Bank Central Asia, Indonesia’s largest private bank, will pay shareholders Rp 33.28 trillion ($2.1 billion) in dividends, equivalent to Rp 270 per share from the profits achieved in fiscal year 2023.

The payment was agreed during the shareholders’ annual meeting in Jakarta on Thursday. It accounts for 68.47 percent of the Rp 48.6 trillion net profit in 2023 when BCA’s profits jumped by almost 20 percent, year-on-year.

“The overall dividend payout includes the interim dividend of Rp 42.5 per share already paid on December 20, 2023,” BCA President Director Jahja Setiaatmadja said.

BCA and its subsidiaries disbursed Rp 810.4 trillion in credits last year, an increase of 13.9 percent from the previous year.

BCA's net interest income recorded a significant year-on-year increase of 17.5 percent, reaching Rp 75.4 trillion, while other income grew by 5.5 percent to Rp 23.9 trillion.

In terms of public funds, BCA collected Rp 1,102 trillion last year, including Rp 536.2 trillion in saving accounts, Rp 348.5 trillion in current account deposits, and Rp 217 trillion in term deposits.

The bank's customer base has seen impressive growth, doubling to 31 million in the past five years.

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