Bank Pembangunan Daerah Jawa Barat & Banten 60% dividend payout
Bank Pembangunan Daerah Jawa Barat dan Banten (BJBR) has decided on a 60% dividend payout ratio and to retain the remaining 40% of earnings. Total dividends amount to Rp828b (equivalent to Rp84.8 per share). Retained earnings will be used to strengthen the bank’s capital. According to president director Ahmad Irfan, the bank is still evaluating the decision to proceed with a rights issue to raise the bank’s equity further. The bank is still awaiting an approval from the OJK (financial services authority) to promote Taufiequrachman Ruki to the role of president commissioner.