The amount of dividends is in line with the bank management's commitment to contribute optimally to the nation and the wish to serve as the main financial partner of customers' choice through reliable and simple digital banking, among other things.
Jakarta (ANTARA) - State lender Bank Mandiri, during its general meeting of shareholders, has agreed to set aside 60 percent of its last year's net profit, or Rp10.27 trillion, to pay dividends to shareholders.



Considering the red and white shares which make up 60 percent of the total shares, Bank Mandiri will pay dividends of around Rp6.16 trillion to the state treasury, and allocate 40 percent of the net profit as retained earnings.



The dividends will amount to Rp220 per share.



"The amount of dividends is in line with the bank management's commitment to contribute optimally to the nation and the wish to serve as the main financial partner of customers' choice through reliable and simple digital banking, among other things," Bank Mandiri president director Darmawan Junaidi said during a press conference in Jakarta on Monday.



At the meeting, the shareholders also agreed to appoint Timothy Utama as Bank Mandiri’s information technology (IT) director in place of Rico Usthavia Frans, who has completed his term in office.



Utama was formerly managing director, head of operations and technology at Citibank.



The shareholders also agreed to appoint Muhammad Yusuf Ateh as the bank's commissioner in place of Ardan Adiperdana.



Following the changes, the bank's board of directors will comprise Darmawan Junaidi as president director, Alexandra Askandar as vice president director, Ahmad Siddik Badruddin as risk management director, Agus Dwi Handaya as compliance and human resources director, Panji Irawan as treasury and international banking director, Riduan as commercial banking director, Aquarius Rudianto as network and retail banking director, Toni Eko Boy Subari as operations director, Susana Indah Kris Indriati as corporate banking director, Rohan Hafas as institutional relations director, Sigit Prastowo as finance and strategy director, and Timothy Utama as IT director.



The bank's board of commissioners includes M. Chatib Basri as chief commissioner, Andrinof Chaniago as vice chief commissioner, Mohamad Nasir, Boedi Armanto and Loeke Larasati Agoestina as independent commissioners, and Nawal Nely, Faried Utomo, Arif Budimanta, Rionald Silaban, and Muhammad Yusuf Ateh as commissioners. (INE)

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Translator: Citro Atmoko/Suharto
Editor: Fardah Assegaf
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