REPUBLIKA.CO.ID, BANDA ACEH -- BUMD PT Bank Aceh Syariah (BAS) has approved a dividend distribution (net profit) of IDR 296 billion 2023, an increase from the previous year of Rp 295 billion.

“The dividend distribution amounted to Rp 296 billion, this value is up from the total dividend in fiscal year 2022 of Rp 295 billion,” said Bank Aceh Corporate Secretariat Teuku Zulfikar, in Banda Aceh, Sunday.

The distribution of the net profit is based on the annual General Meeting of Shareholders (GMS) for the financial year 2023 which took place in Meuligoe, Aceh Governorate, Banda Aceh.

Zulfikar said that taking into account the composition of the shares owned by the Government of Aceh and the district of Aceh, the company immediately deposits the dividend into the regional cash account according to the share of the respective ownership.

Dividend deposit is one of the real contributions of Bank Aceh in its efforts to increase regional native income (PAD).

“Bank Aceh continues to be optimistic that it can post positive performance growth, in line with the ongoing transformation agenda in 2024,” he said.

He said that the increase in the dividend payout ratio this year was carried out in tandem with the bank's financial performance that continues to improve with a profit of Rp 575.5 billion in 2023.

Bank Aceh is also able to manage the capital adequacy ratio or Minimum Capital Provision Obligation (KPMM) at a healthy level of 22.7 percent until December 2023.

“So we have the capacity to split the dividend by a larger ratio and value,” he said.

Zulfikar said that the company is also optimistic to continue improving performance on a continuous basis. Moreover, based on the financial report for the financial year 2023, Bank Aceh has recorded a profit on total assets of Rp30.4 trillion or up 5.92 percent.

Meanwhile, the 2023 financing realization reached Rp 18.6 trillion or grew 7.81 percent compared to the previous year's Rp 17.3 trillion. The third party fund (DPK) of Bank Aceh recorded Rp 24.4 trillion.

He added that Bank Aceh's performance achievements can be achieved thanks to digital transformation, as well as encouragement, support and synergies of all relevant parties in Aceh.

“Digitalization transformation is also key to achieving Bank Aceh's business strategy. Currently, Bank Aceh focuses on working on the productive credit sector to continue helping to move Aceh's economy,” said T Zulfikar.

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