BNI proposes dividend 20% from net profit

PT Bank Negara Indonesia Tbk, the country fourth largest lender by assets, proposes dividend 20% from net profit IDR5.81 trilion in 2011. BNI books 42% rise in profit for 2011 hitting IDR5.81 trilion from IDR4.1 trilion in 2010. 

The boost in net profits was attributable, among other factors, to last year’s 13 percent increase in the bank’s interest-based income to IDR13.2 trillion, from IDR11.72 trillion the year before,  An 8 percent increase in fee-based income, from IDR7.06 trillion to IDR7.6 trillion, is another contributor to profit growth.

Total loans disbursed by the bank throughout 2011 were valued at IDR136.36 trillion, an increase of 20 percent from the year before. The company’s assets also grew by 20 percent, to IDR299.06 trillion.

The lender preparing bonds issuance US$500 million-US$1 billion for expand the business. Next month, management of BNI and underwriter plans to road show in Europe, United Tsates of Amerika, and several country in Asia. Morgan Stanley, Credit Suisse, and Deutsche help BNI to sell the notes.