Shares Soar 40%, Bank Mega CEO Reveals the Reasons

PT Bank Mega Tbk. (MEGA) has addressed the significant increase in its share price, which contrasts with those of Indonesia’s major banks. The mid-tier bank’s shares have risen nearly 40% so far this year. MEGA shares last closed at Rp4,550 per share, up 38.72% year-to-date. At their peak this year, MEGA reached Rp5,150 per share in February. According to Bank Mega’s President Director, Kostaman Thayib, the share movement is linked to several corporate actions undertaken by the bank this year. “Indeed, if we observe after the disclosure that Bank Mega will distribute cash dividends and bonus shares to be decided at the AGM today, we see a surge or increase in Bank Mega’s shares,” Kostaman said at the Bank Mega Auditorium on Tuesday (31/3/2026). Bank Mega will distribute a cash dividend for the 2025 fiscal year amounting to Rp2 trillion, or Rp171.95 per share. This amount represents a 91.82% increase compared to the 2024 fiscal year dividend. In addition, Bank Mega will distribute bonus shares derived from the capitalisation of additional paid-in capital (share premium) with a total value of Rp5.87 trillion. The company will distribute 11.74 billion bonus shares, allocated proportionally to each shareholder’s holdings in MEGA at a ratio of 1:1. Both corporate actions were agreed upon at the Annual General Meeting of Shareholders (AGMS) held at the Bank Mega Tower Auditorium, Jakarta, on Tuesday (31/3/2026). “I believe the share increase is influenced by those two pieces of information regarding the cash dividend and bonus shares distribution,” Kostaman stated.