Bank Sumut AGM: Shareholders Agree to Reinvest Dividends
The Annual General Meeting of Shareholders (AGM) of PT Bank Sumut (Perseroda) for the 2025 fiscal year decided that shareholders would deposit 15% of the 2025 dividends back as capital in 2026. In addition, the North Sumatra Provincial Government contributed an additional capital of Rp 100 billion, and the South Tapanuli Regency Government contributed Rp 70 billion.
North Sumatra Governor Bobby Nasution stated that this agreement represents a collective commitment to strengthen Bank Sumut’s capital, which currently stands at Rp 5.4 trillion. The provincial government is pushing for Bank Sumut to advance from Core Capital Group (KBMI) 1 to KBMI 2, the medium-sized bank category with core capital between Rp 6 trillion and Rp 14 trillion.
“OJK regulations in 2029 require a minimum of Rp 6 trillion for banks. Currently, the core capital is Rp 5.2 trillion; it needs Rp 800 billion for Bank Sumut to upgrade to KBMI 2,” said Bobby after the meeting at Bank Sumut’s head office in Medan on Tuesday, 7 April 2026.
He hopes that this regional-owned enterprise (BUMD) will not be overly dependent on the regional budget. One strategy is to increase products that can compete with other banks.
“We first request that third-party funds are not too expensive. Second, the products must be diverse; do not just rely on the regional budget and civil servants. Bank Sumut must grow stronger to provide greater contributions to the regional economy,” said Bobby.
Bank Sumut’s President Director Heru Mardiansyah said the AGM results mark a turning point in strengthening business fundamentals and enhancing competitiveness in the national banking industry. According to him, the strategic decisions made demonstrate the trust and commitment of shareholders towards Bank Sumut’s performance.
“Capital strengthening not only increases business capacity but also enhances the value of the regional government’s investment as shareholders,” said Heru.
The additional capital will be focused on expanding intermediation capacity, particularly in financing productive sectors and priority regional government programmes, allowing Bank Sumut to more optimally fulfil its role as a catalyst for regional economic growth.
“We will strengthen the collection of low-cost funds, expand service innovations, and introduce products that are increasingly relevant to the needs of the community and local businesses,” he stated.
Heru also emphasised that Bank Sumut will continue to prioritise principles of healthy, sustainable, and inclusive growth, in line with the vision of becoming the region’s leading bank capable of driving improvements in community welfare.
“We are optimistic that with solid synergy between management and all shareholders, the target of strengthening core capital in accordance with regulatory requirements can be achieved on time. This becomes an important foundation for Bank Sumut to step forward more aggressively, adaptively, and competitively,” said Heru.