Heaptalk, Jakarta — PT Bank OCBC NISP Tbk. (NISP) agreed to distribute dividends for the 2023 financial year of USD105 million or Rp1.65 trillion or IDR 72 per share in the Annual General Meeting of Shareholders (GMS) which was held at OCBC Tower, Monday (18/3/2024).
“In 2023, OCBC posted a net profit of USD261 million or grew by 23 percent annually (yoy). The meeting approved the use of net profit for the 2023 financial year, and USD105 million was set as a cash dividend of 40.4 percent of net profit,” said OCBC’s President Director Parwati Surjaudaja in a written press release, Tuesday (19/03).
Parwati added that USD6,383 or IDR 100 million was set aside for general reserves and the remaining net profit was designated as retained earnings. “In 2023, OCBC remain resilient by demonstrating well-maintained and sustainable performance. This is also supported by strong capital with a Capital Adequacy Ratio (CAR) of 23.7%, as well as good liquidity with a Liquidity Coverage Ratio (LCR) of 206.2%. With the momentum of changing the brand name and logo to OCBC, we are increasingly taking steps to become a regional bank with global capabilities and local values that continues to be adaptive in providing comprehensive financial services for customers,” she explained.
The GMS also discussed share buyback with a maximum of 402,000 shares and the transfer of shares resulting from the buyback to provide variable remuneration in accordance with Financial Services Authority’s Regulation (POJK) and applicable laws.
In the GMS, the shareholders were also determined to reappoint Wong Pik Kuen Helen as Commissioner and Martin Widjaja as Director, effective from the closing of this AGM until the closing of the AGM in 2027. Emilya Tjahjadi’s resignation as Director was also approved at the AGM. Apart from that, the takeover of Commonwealth Bank’s shares by OCBC was approved.
