"This step is in line with our commitment to providing good total return to shareholders."
Jakarta (ANTARA News) - Bank Mandiri, Indonesia`s largest lender by assets, has agreed at its general shareholders meeting to pay dividends of Rp4.65 trillion or Rp199 per share, equivalent to 30 percent of its last year`s net profit.

The dividends were a form of appreciation for the bank`s shareholders who supported its performance throughout last year, the bank`s finance and strategy director, Pahala N Mansury said on Tuesday.

"This step is in line with our commitment to providing good total return to shareholders," he said.

At the meeting, the shareholders also appointed Budi Gunadi Sadikin as the bank`s new president director, replacing Zulkifli Zaini. Budi Gunadi Sadikin was formerly the bank`s micro and retail banking director.

The shareholders also appointed Agus Supriyanto, Rudi Rubiandini, and Abdul Aziz as members of the bank`s board of commissioners.

Bank Mandiri, which was created through a merger of four state lenders more than a decade ago, saw a 30 percent rise in its net income last year, fueled by growth in loan demand and improved efficiency.

The bank`s net income grew Rp15.5 trillion last year, up from Rp12.2 trillion a year earlier, while net interest income rose to Rp27.5 trillion, up from Rp21.79 trillion the year before.

Its total outstanding loans increased 23.7 percent last year to Rp388.8 trillion.

Editor: Priyambodo RH
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