Jakarta. Bank Rakyat Indonesia announced on Friday that it would distribute Rp 48.1 trillion ($3 billion) in dividend payments, marking a 10.6 percent increase from last year’s dividends.

BRI President Director Sunarso revealed, following the shareholders’ meeting in Jakarta, that the Indonesian government, holding a 53.19 percent stake in BRI, would receive Rp 25.71 trillion in dividends.

“The annual shareholders’ meeting has approved a dividend payment of Rp 48.1 trillion, equivalent to Rp 319 per share. The dividend payout ratio is 80.04 percent of the [2023] profit,” stated Sunarso.

“Despite the dividend payout for the fiscal year 2023, our CAR [capital adequacy ratio] remains secure at around 20 percent, exceeding the minimum requirement set by regulators,” he added.

The total dividend payout includes the interim dividend of Rp 12.67 trillion, which was already disbursed on January 18.

Shareholders also consented to minor changes in the boards of directors and commissioners, including the appointment of a new independent commissioner.

Here is the complete list of BRI’s commissioners and directors:

Board of Commissioners:

President: Kartika Wirjoatmodjo
Vice President: Rofikoh Rokhim
Commissioners: Awan Nurmawan Nuh, Rabin Indrajad Hattari
Independent Commissioners: Heri Sunaryadi, Paripurna Poerwoko Sugarda, Agus Riswanto, Numaria Sarosa, Haryo Baskoro Wicaksono

Board of Directors:

President: Sunarso
Vice President: Catur Budi Harto
Finance: Viviana Dyah Ayu
Wholesale Business: Agus Noorsanto
Micro Business: Supari
Digital and IT: Arga Mahana Nugraha
Commercial and Small and Medium Business: Amam Sukriyanto
Retail Funding: Andrijanto
Human Capital: Agus Winardono
Risk Management: Agus Sudiarto
Consumer Business: Handayani
Legal: Ahmad Solichin Luftiyanto