Bukopin to pay out dividend of Rp33.07 per share

By plinplan on May 22nd, 2008 @ 22:05:09

Jakarta (ANTARA News) - Bank Bukopin agreed at its general shareholders meeting on Thursday to pay out a cash dividend of Rp187.56 billion or Rp33.07 per share.

“Shareholders have agreed on the plan for dividend payments,” Bank Bukopin President Director Glen Glenardi said in a press conference here on Thursday.

He said the dividend accounted for 50 percent of the bank`s net profit of Rp365.13 billion last year.

At the meeting the management of the bank also reported the use of Rp269 billion in funds from the initial public offering (IPO) in the first half of 2007.

Of the total, Rp188.3 billion (70 percent) was used for credit expansion, Rp44 billion (15 percent) for network expansion, Rp26.9 billion (10 percent) for hardware and software instruments, and Rp13.55 billion (5 percent) for employees` training.(*)

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