JAKARTA, RAKYAT NEWS -PT Bank Central Asia Tbk (BCA) has announced that it will distribute an interim cash dividend of Rp 6.16 trillion, which translates to Rp 50 per share, for the fiscal year ending December 31, 2024.

The decision was made during the bank’s Annual General Meeting of Shareholders (AGMS) held on March 14, 2024.

Jahja Setiaatmadja, President Director of BCA, explained that the decision to pay an interim dividend took into account the company’s solid capital position, adequate liquidity, business development prospects, and investments in technology.

These factors ensure BCA remains competitive in today’s digital age. The total interim dividend represents an 18% increase over the amount paid for the fiscal year ending December 31, 2023.

“We are deeply grateful for the trust from our shareholders, which has enabled BCA to achieve positive performance through the first nine months of 2024,” Jahja said on Tuesday, November 12.

BCA posted a net profit of Rp 41.1 trillion for the first nine months of 2024, reflecting a year-on-year (YoY) growth of 12.8%.

This impressive profit growth was driven by the expansion of quality financing, as well as increased transaction volumes and funding. The growth in BCA’s lending portfolio through September 2024 underscores the bank’s commitment to supporting national economic growth.

Jahja also highlighted strong demand for consumer credit, noting that BCA’s 2024 Expoversary and Expo events collectively generated over Rp 78 trillion in mortgage and auto loan applications. This indicates a robust demand for financial products and services across the board.

Corporate loans, in particular, saw the highest growth, increasing by 15.9% YoY to reach Rp 395.9 trillion. Commercial loans grew by 11.8% YoY to Rp 135.3 trillion, while small and medium-sized enterprises (SMEs) benefited from a 14.2% YoY growth, bringing their total to Rp 120.1 trillion.

BCA’s strong performance in credit expansion and financial support for businesses highlights its vital role in supporting the Indonesian economy. The bank’s diverse lending portfolio reflects its ability to serve various sectors of the economy, from large corporations to smaller enterprises.

The schedule for the interim dividend payment for the fiscal year ending December 31, 2024, is as follows: The cum dividend date for the regular and negotiated markets is November 20, 2024. The ex-dividend date for the same markets is November 21, 2024. For the cash market, the cum dividend date is November 22, 2024, and the ex-dividend date is November 25, 2024. The shareholder record date (DPS) for dividend eligibility is November 22, 2024, with payments to be made on December 11, 2024.

BCA’s strong financial performance and the announcement of the dividend reflect the bank’s continued success in maintaining its leadership in Indonesia’s banking sector. As it looks forward to the coming years, the bank remains focused on enhancing its digital capabilities, further expanding its services, and driving sustainable growth.

With a robust balance sheet and a clear strategy for future growth, BCA is well-positioned to maintain its competitive edge in an increasingly digital financial landscape. The dividend payout underscores the bank’s commitment to providing value to its shareholders while continuing to invest in innovation and business expansion. (Uki Ruknuddin)

 

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