Bank Mandiri and Holcim Indonesia Increase Dividend Payouts
In the General Meeting of Shareholders it was decided that Bank Mandiri, Indonesia’s largest financial institution by assets, will pay dividend of IDR 199.33 per share to its shareholders. Total dividend that will be paid amounts to IDR 4.65 trillion (US $479.4 million), which equals about 33 percent of the bank's net profit in 2012. Bank Mandiri, which is 60 percent owned by the Indonesian government, reported a 26.6 percent increase in net profit last year.
Holcim Indonesia, Indonesia's third largest cement producer, will pay dividend of IDR 80 per share this year, a 45 percent increase compared to last year's dividend payout. Holcim reported a 27 percent increase in net profit to IDR 1.3 trillion (US $134.0 million) in 2012 amid a boom in property and infrastructure projects in Indonesia.
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