BANDUNG- Regional Development Bank of West Java and Banten Tbk (BJB) approved a dividend of IDR 862.9 billion. The total dividend is equivalent to 55% of net income in 2016 that reached IDR 1.56 trillion. At General Meeting of Shareholders (BJB) held at Aryaduta Hotel, in Bandung, on Wednesday (29/3) there was conducted a discussion on the distribution of dividends.
Director of BJB Bank, Ahmad Irfan, said that the portion of the dividend is equivalent to IDR 89.0 per share, an increase from the previous year that reached up to IDR 84.8 per share.
The profit and positive performance are shown by BJB bank with net profit (bank only) rose by 14.4% (y-o-y) and the improvement in the ratio of non-performing loans (NPL Gross) at the end of 2016 was 1.69% from 2.91 % by the end of 2015.
"The increase in the dividend per share is in line with the more brilliant performance of the company in 2016," said Irfan.
As from the Third Party Funds, received by BJB bank, there is an increase of 16.1% (y-o-y) or recorded total customer funds amounting to IDR 72.8 trillion. Total loans that have been disbursed by BJB bank until the end of 2016 reached IDR 63.1 trillion or an increase of 14.2% compared to the same period in the previous year.
Of all owned credit segments, consumer credit segment recorded a growth of 15.7% (y-o-y) becomes IDR 44.2 trillion, in addition to commercial and corporate loans that also grew significantly by IDR 10.8 trillion or grew up to 17.2% year by year.