PDFCI pays dividend of Rp 100 per share

PDFCI pays dividend of Rp 100 per share

JAKARTA (JP): Bank PDFCI will give its shareholders a dividend
of Rp 100 (4.6 US cents) per share out of its 1993 profits.

The president of the bank, Bistok Hutasoit, told reporters
after an annual meeting of the bank's shareholders here yesterday
that the bank's after-tax profits increased by 5.2 percent to Rp
13.8 billion ($640 million) or Rp 221 per share last year from
1992.

Bank PDFCI is 17.42 percent owned by Bank Indonesia, the
central bank, 11.37 percent by AJB Bumiputra 1912, 8.59 percent
by PT Pan Indonesia Bank, 14.66 percent by Nippon Credit Bank of
Japan, 5.96 percent by Deutsche Investitions-Und
Entwicklungsgesellschaft of Germany, 13.76 percent by a number of
Indonesian parties, 7.36 percent by a number of foreign parties
and 20.88 percent by the investing public.

Hutasoit said the shareholders approved a plan to increase
Bank PDFCI's authorized capital from Rp 100 billion to Rp 300
billion.

The shareholders also appointed Boediono, director of research
of Bank Indonesia, as chief commissioner to replace the late
Kilian Sihotang.

Boediono currently holds several positions, including
Indonesia's alternate governor for the World Bank and the Islamic
Development Bank.

Hutasoit said that the bank's capital adequacy ratio now
stands at 17.3 percent, far higher than the level of eight
percent required by the government. (yns)