REFLECTING SHAREHOLDERS HIGH COMMITMENT, THE BANK'S AGM AGREED NOT TO PAYOUT DIVIDENDS
Jakarta, March 14, 2013. The Annual General Meeting of Shareholders (AGM) of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) approved the Bank’s Financial Statements for December 31, 2012. The AGM also agreed not to pay dividends to shareholders in 2012.
"We are very grateful to our shareholders, who decided to use 100% of the Bank’s net profit amounting to IDR2.0 billion for the company's reserves and retained earnings. This reflects the strong shareholder commitment in the Bank's future growth, "said Jerry Ng, President Director of the Bank.
Jerry explained further, the shareholders’ decision not to payout dividends for five years, since 2008 until now is a reflection of their strong long-term commitment to support the Bank’s growth in a sustainable way. Therefore, the Bank, which has been providing banking services for more than 55 years, are able to continue to focus on improving services along with empowering the mass-market segment, which consists of retirees, micro and small enterprises, as well as the productive poor community.
"As of December 31, 2012, total assets of the Bank reached IDR59.1 trillion or an increase of 27% compared to IDR46.7 trillion as of December 31, 2011. The company's net profit also grew positively, where for 2012 the Bank recorded a net profit of IDR2.0 trillion, up 41.4% over the same period in 2011, which amounted to IDR1, 4 trillion. As a result, earnings per share rose IDR94 (38%) from IDR247 to IDR341, "said Jerry.
Meanwhile, through the Bank’s empowerment program known as Daya, the Bank succeeded in reaching 1,200,468 beneficiaries in 2012. The amount is increasing by 50% compared to 2011, where BTPN touched 802,069 beneficiaries. The number of Daya activities held during 2012 also grew significantly to 53,079 events, an increase of 104% compared to 2011, which recorded 25,994 activities.
In addition to ratifying the financial statements and the appropriation of net profit in 2012, the Bank's AGM also reappointed the entire Board of Directors and Board of Commissioners. Therefore, there is no change in the Bank's management.
At the same time, BTPN also held an Extraordinary General Shareholders Meeting that agreed the implementation of Management and Employee Stock Option Program (MESOP), through a maximum 3% raise in capital by issuing new shares.
"Going forward we will continue to focus on improving business models and new empowermentprograms for the mass market segment, which is a reflection of the Bank's mission to create opportunities for growth and greater significance," Jerry concluded.