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PT Bank Rakyat Indonesia Celebrates 129 Years of Excellence

PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) is marking its 129th anniversary with a significant milestone: the distribution of a whopping interim dividend of Rp20.46 trillion to its shareholders. This celebration not only emphasizes BRI's long-standing commitment to its investors but also highlights its vital contribution to Indonesia’s economic landscape.

Dividend Breakdown and Impact

As part of this financial announcement made public on December 16, 2024, shareholders will receive an interim dividend of Rp135 (One Hundred Thirty-Five Rupiah) per share. Out of the total dividend amount, Rp10.88 trillion will go to the Government of Indonesia, while the remaining Rp9.58 trillion is earmarked for public shareholders. This substantive payout reflects BRI's robust financial performance and its appreciation for the support received throughout its 129-year history.

Important Dates for Shareholders

Here are the key dates regarding the dividend distribution process:
1. Announcement Date: December 16, 2024
2. End of Share Trading Period with Dividend Rights (Cum Dividend):
- Regular & Negotiated Markets: December 24, 2024
- Cash Market: December 30, 2024
3. Start of Share Trading Period Without Dividend Rights (Ex-Dividend):
- Regular & Negotiated Markets: December 27, 2024
- Cash Market: January 2, 2025
4. Record Date for Eligible Shareholders: December 30, 2024
5. Interim Dividend Payment Date: January 15, 2025

A Healthy Financial Overview

Reflecting on BRI’s financial standing, President Director Sunarso stated that this interim distribution indicates the bank's strong health and performance while reaffirming its commitment to doing right by its shareholders. He further assured that the dividend distribution would not compromise BRI’s capital adequacy. "All investment needs have been successfully met, and provisions are in place to address potential risks," stated Sunarso with confidence.

As of the conclusion of Q3 2024, BRI reported a consolidated net profit of Rp45.36 trillion. In terms of loan disbursement, the bank extended loans totaling Rp1,353.36 trillion by the end of September 2024, marking an 8.21% year-on-year (YoY) growth. Impressively, a large portion—approximately 81.70% or Rp1,105.70 trillion—of these loans was directed towards Micro, Small, and Medium Enterprises (MSMEs), underscoring BRI's strong support for this crucial sector.

Additionally, BRI's assets have shown a healthy YoY increase of 5.94%, reaching Rp1,961.92 trillion. The bank has also managed to maintain strong asset quality, evidenced by an improvement in its Non-Performing Loan (NPL) ratio, which decreased from 3.07% to 2.90% for the comparative period. Furthermore, the Loan at Risk (LAR) ratio also showed improvement, falling from 13.80% in Q3 2023 to 11.66% in Q3 2024.

In conclusion, PT Bank Rakyat Indonesia's 129th anniversary is not just an occasion to celebrate its storied history; it is also a testament to its ongoing commitment to financial health and shareholder value. With its robust performance and continued efforts to support the national economy, BRI stands as a pillar of strength and reliability in the Indonesian banking sector.

For more details or inquiries, visit BRI’s official website.