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CIMB Niaga distributes cash dividends of Rp 696.5 billion

15 April 2019 05:02 PM  Company: PT. Bank CIMB Niaga Tbk[BNGA]
Rp. 1,075  +15 (1.42%)

JAKARTA. PT Bank CIMB Niaga Tbk (BNGA) distributed dividends of Rp 696.5 billion (Rp 283 per share) from the 2018 fiscal year.

Tigor M. Siahaan, President Director of BNGA, said that the dividend distribution would be carried out on 15 May 2019. The dividends distributed by the company this time is 16.96% bigger than the dividends from the previous financial year. "The shareholders agree to the use of the company's net profit to be distributed as cash dividends, 20% at the maximum," Siahaan said on Monday (15/4) when met by idnfinancials.com.

In 2018, BNGA's net profit was recorded at Rp 3.48 trillion. Its net profit rose by 16.9% year-on-year. BNGA's net profit in 2018 was supported by the growth in its operating income, which reached Rp 15.83 trillion.

Meanwhile, BNGA said that the remaining net profit would be used as retained earnings. "To finance the company's business activities," said Siahaan. (KR?AR)

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PT. Bank CIMB Niaga Tbk [BNGA]   Rp. 1,075   +15 (1.42%)