The bank would pay a total of Rp274.5 billion in dividends at the rate of Rp31 per share, BTN President Director Iqbal Latanro said following a general shareholders meeting here on Thursday.
The meeting also agreed to allocate 1.5 percent of the bank`s 2010 net profit for partnership programs and 2 percent for environmental conservation efforts, while the rest would be used as retained earning to strengthen the bank`s capital, he said.
As per December 31, 2010 the bank was 72.92 percent owned by the government, 25.40 percent by the public and 1.68 percent by the bank`s employees and board of directors under Management & Employee Stock Allocation (MESA) and Management & Employee Stock Option (MESOP) schemes. (*)
Editor: Kunto Wibisono
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