Throughout 2021, the big bank made an impressive financial performance. One of them is PT Bank Central Asia Tbk (BBCA). Based on the company’s financial statements, BBCA’s net profit reached Rp31.42 trillion or grew 15.8% year on year (YoY) compared to the previous year. For the record, this is the highest net profit ever recorded by BBCA in history. BBCA’s solid performance was supported by an increase in net interest income which rose by 3.5% YoY and a decrease in provision or provision expenses by 19.6% YoY. With such a smooth performance, shareholders will certainly benefit greatly, especially considering that the dividend distribution period is near.
Like one of the blue-chip stocks, BBCA consistently experiences profit growth every year. To note, in the 2015-2020 period, BBCA’s net profit increased by Rp18.02 trillion to Rp27.13 trillion. At the same time, BBCA’s Dividend Payout Ratio (DPR) continues to increase from only 21% in 2015 to 50% in 2020. With the growth in profits and the increase in the DPR, dividends received by shareholders BBCA is compounding up 29% per year. As is well known, the controlling shareholder of this big bank is the richest person in Indonesia, namely the Hartono brothers who own the Djarum Group.
The Hartono brothers’ income from the BBCA dividend in 2020 is even more fantastic. With a 50% DPR, the funds obtained by the brothers who own the Djarum Group reach almost Rp7.5 trillion. If the DPR assumes that the BBCA’s 2021 performance is the same as that of 2020 at around 50%, then the total cash dividends awarded will reach Rp15.71 trillion and Robert and Michael Hartono have the potential to pocket funds from dividends before tax of Rp8.6 trillion. This figure is also obtained only from BBCA dividends not to mention from other business lines such as cigarettes and other Djarum Group companies.
Feb 09, 2022, CNBC Indonesia