PT Bank CIMB Niaga Tbk (BNGA) has officially approved the distribution of a cash dividend totaling up to Rp3.9 trillion (gross), equivalent to a maximum of 60% of its 2024 net income, which reached Rp6.5 trillion (bank only). The decision was finalized during the company’s Annual General Meeting of Shareholders (AGMS) held on Monday, April 14, 2025.
According to the resolution, the cash dividend will be distributed within 30 calendar days of the AGMS decision. The remaining portion of the 2024 net profit, after the dividend payout, will be retained as earnings to support the bank’s ongoing operations and future business development.
In addition to approving the dividend, shareholders also reappointed Vera Handajani as a member of CIMB Niaga’s Board of Commissioners. Her term will begin at the close of the AGMS and will continue until the conclusion of the third AGMS following the effective date of her reappointment. However, the shareholders retain the right to dismiss her at any time, in accordance with Article 119 of the Indonesian Company Law.
The AGMS also confirmed the reappointment of seven members of the Board of Directors. These include Lani Darmawan, who continues her role as President Director, along with Lee Kai Kwong, John Simon, Henky Sulistyo, Joni Raini, Rusly Johannes, and Noviady Wahyudi, who will serve as Directors. Each appointment is effective from the close of the AGMS until the third AGMS following their respective effective dates, without limiting the shareholders’ authority to terminate their positions in line with Article 105 of the Company Law.
Further, shareholders agreed to a change in board composition by appointing Rico Usthavia Frans as Director to replace Tjioe Mei Tjuen, who has stepped down from the position. Rico’s appointment becomes effective upon the close of the AGMS and after obtaining approval from Indonesia’s Financial Services Authority (OJK), or once all regulatory requirements outlined in the OJK’s approval letter have been fulfilled.
As a result, the updated composition of CIMB Niaga’s Board of Commissioners is as follows:
Board of Commissioners:
-
President Commissioner: Didi Syafruddin Yahya
-
Vice President Commissioner (Independent): Glenn Muhammad Surya Yusuf
-
Independent Commissioner: Sri Widowati
-
Independent Commissioner: Farina J. Situmorang
-
Independent Commissioner: Dody Budi Waluyo
-
Commissioner: Vera Handajani
-
Commissioner: Novan Amirudin
Board of Directors:
-
President Director: Lani Darmawan
-
Director: Lee Kai Kwong
-
Director: John Simon
-
Director and Compliance Director: Fransiska Oei
-
Director: Pandji P. Djajanegara
-
Director: Henky Sulistyo
-
Director: Joni Raini
-
Director: Rusly Johannes
-
Director: Noviady Wahyudi
-
Director: Rico Usthavia Frans*
(*Effective after the AGMS and upon receiving OJK approval or fulfilling relevant regulatory conditions.)
The AGMS also approved several other key strategic measures. Among them was a share buyback plan of up to 202,000 shares, with a maximum budget of Rp450 million. The repurchased shares will be allocated as part of a share-based compensation program for bank executives designated as Material Risk Takers (MRT). This initiative complies with the provisions outlined in Indonesia’s Financial Services Authority Regulation (POJK) No. 45/POJK.03/2015 on Governance in Remuneration for Commercial Banks.
Additionally, shareholders gave the green light to an updated Recovery Plan, which has been revised to align with the latest OJK guidelines and prevailing conditions.
This series of decisions underscores CIMB Niaga’s commitment to strengthening its corporate governance, rewarding shareholders, and ensuring long-term financial stability.