CIMB Niaga Approves Rp 3.9 Trillion Dividend, Reappoints Directors and Auditor in 2025 AGM
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JAKARTA, investortrust.id – Indonesian mid-size lender PT Bank CIMB Niaga Tbk has approved a cash dividend distribution of up to Rp 3.9 trillion, representing 60 percent of its 2024 standalone net profit, during its annual general meeting of shareholders held Monday, April 14, 2025. The payout stems from CIMB Niaga’s bank-only earnings last year totaling Rp 6.5 trillion, reflecting robust performance in Southeast Asia’s largest economy.
The cash dividend will be disbursed no later than 30 calendar days following the shareholders' resolution. The remaining profit has been allocated as retained earnings to support the bank’s operational expansion.
Fransiska Oei, Director of Compliance, Corporate Affairs & Legal at CIMB Niaga, expressed appreciation for stakeholders' continued support. She credited the positive financial result to the bank’s “Forward23+” strategic plan, aimed at sustainable growth and delivering relevant financial solutions.
“This achievement reaffirms our commitment to responsible banking practices and our mission to create lasting value for all stakeholders,” Fransiska stated in an official release on Tuesday, April 15, 2025.
In the same meeting, shareholders ratified the reappointment of Jimmy Pangestu as Public Accountant and Rintis, Jumadi, Rianto & Rekan—an affiliate of PricewaterhouseCoopers Global Network—as the public accounting firm registered with the Financial Services Authority, known in Indonesia as Otoritas Jasa Keuangan or OJK, for the 2025 audit.
The AGM also approved the reappointment of Vera Handajani to the Board of Commissioners, with her new term effective until the close of the third shareholders meeting after her reappointment, unless decided otherwise per Indonesian corporate law.
Simultaneously, seven directors were reinstated, including Lani Darmawan as President Director, alongside Lee Kai Kwong, John Simon, Henky Sulistyo, Joni Raini, Rusly Johannes, and Noviady Wahyudi. Each will serve until the third AGM after their effective appointment date, in accordance with applicable legal provisions.
In a key leadership change, shareholders endorsed Rico Usthavia Frans as a new Director, replacing Tjioe Mei Tjuen who has resigned. Rico’s appointment will take effect upon regulatory approval by the OJK.
The updated compositions of the Board of Commissioners and Board of Directors are as follows:
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Board of Directors
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In addition to leadership appointments, shareholders approved a strategic buyback of up to 202,000 shares with a maximum budget of Rp 450 million. The buyback forms part of a variable remuneration program targeting material risk takers (MRTs) within the bank’s management.
The repurchase aligns with Indonesia’s financial regulation, particularly OJK Regulation No. 45/POJK.03/2015 on governance in variable remuneration. Shareholders also endorsed updates to CIMB Niaga’s Recovery Plan to reflect the latest regulatory guidance.