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)