The dividends were a form of appreciation for the bank's shareholders who supported its performance throughout last year, the bank's finance and strategy director, Pahala N Mansury said on Tuesday.
"This step is in line with our commitment to providing good total return to shareholders," he said.
At the meeting, the shareholders also appointed Budi Gunadi Sadikin as the bank's new president director, replacing Zulkifli Zaini. Budi Gunadi Sadikin was formerly the bank's micro and retail banking director.
The shareholders also appointed Agus Supriyanto, Rudi Rubiandini, and Abdul Aziz as members of the bank's board of commissioners.
Bank Mandiri, which was created through a merger of four state lenders more than a decade ago, saw a 30 percent rise in its net income last year, fueled by growth in loan demand and improved efficiency. (*/DWA)
: Masuki
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