Zulkifli, the bank`s president director, said here on Monday the dividends to be paid out would include interim dividends already paid on December 30, 2010 totaling Rp412.43 billion.
"The rest of the dividends to be paid totals Rp2.80 trillion or around Rp120 per share," he said after an annual shareholders` meeting.
He said right now the bank`s capital adequacy ratio until March 2011 was recorded at 18.52 percent.
"Despite the dividend payment we still believe the CAR may still be maintained at a secure level. Until the end of the year we are optimistic the CAR position will still be above 17 percent levels," he said.
He said the 35 percent ratio of dividends to be distributed this year was still equal that of the previous year which was also 35 percent of total net profit of 2009.
In the shareholders` meeting, Zulkifli said the company also recieved an approval from shareholders to implement its plan to acquire loss insurance company PT Asuransi Dharma Bangsa (ADB).
He said following the approval he would immediately send an application for a permit to Bank Indonesia (the central bank) and the Financial Institutions and Capital Market Supervisory Agency (Bapepam-LK) for the acquisition.
ADB is an insurance company owned by Bank Mandiri Pension Fund I and PT Estetika Yasakelola.
He said ADB would issue 126,718 new shares and Bank Mandiri would take 120,000 of them while the rest of them totalling 73,282 shares would be taken by AXA S.A as Bank Mandiri`s strategic business partner in developing general insurance business.
"The capital used to by the 120,000 shares of ADB is worth Rp60 billion with the price per share at Rp500," he said.
After the transaction he said Bank Mandiri would become the controlling shareholder holding 60 percent of the shares with AXA S.A holding 40 percent of the shares.
He said with a joint venture company which is to be set up he hoped Bank Mandiri would secure a significant market share in the retail, micro-business, shariah and small business sector which is expected to grow fast seeing market penetration of loss insurance is still low in the country.
The shareholders in the meeting also decided to use four percent of the 2010 net profit for partnership and environmental programs (PKBL) and 58.6 percent as a retained capital to strengthen capital structure for corporate business expansion plans.
(Uu.H-YH/HAJM/F001)
Editor: Priyambodo RH
Copyright © ANTARA 2011
