BCA Distributes $2.4 Billion in Dividends, Appoints Hendra Lembong as CEO

JAKARTA, investortrust.id – Indonesia’s largest private bank, PT Bank Central Asia Tbk, or BBCA, has approved a total dividend payout of Rp 36.9 trillion ($2.35 billion), equivalent to Rp 300 per share, reflecting a 67.4% dividend payout ratio for the 2024 fiscal year. At the same shareholders’ meeting, the company appointed Gregory Hendra Lembong as its new president director.

The decision was finalized during BCA’s Annual General Meeting of Shareholders (AGMS) on Wednesday, March 12, 2025. The bank’s total dividend for 2024 marks an 11.1% increase from the previous year. BCA recorded a net profit of Rp 54.8 trillion ($3.49 billion) in 2024, up 12.7% from Rp 48.6 trillion ($3.1 billion) in 2023.

Dividend Breakdown and Market Impact

Earlier, BCA had disbursed an interim dividend of Rp 6.1 trillion ($390 million), or Rp 50 per share, on December 11, 2024. The remaining Rp 30.8 trillion ($1.96 billion), equivalent to Rp 250 per share, will be paid as the final dividend on a date determined by the bank’s board.

On the stock market, BBCA shares rose 1.68% to Rp 9,075 during the first trading session today. Based on this price, the bank’s final dividend yield stands at 2.75%.

Leadership Transition at BCA

The AGMS, held at Menara BCA Grand Indonesia, also approved changes in the bank’s board of directors and commissioners. "We have appointed Gregory Hendra Lembong as president director, effective upon approval and in accordance with company regulations," BCA’s management stated in an official release.

Lembong is a seasoned executive at BCA, having served as vice president director since 2022. He oversaw Group Strategic Information Technology, Group Operation Strategy & Development, and supervised the bank’s finance and corporate planning, as well as transaction banking.

Meanwhile, the shareholders accepted the honorable resignation of Jahja Setiaatmadja as president director. His departure will be effective once Lembong officially assumes the role.

Other Executive and Board Changes

BCA’s shareholders also appointed John Kosasih as vice president director, a role he will assume following approval from the Financial Services Authority (OJK) and Lembong’s effective appointment as CEO. Kosasih previously served as a director at BCA since 2021.

Additionally, Hendra Tanumihardja was named as a new BCA director. His appointment will take effect upon OJK’s approval and once Kosasih assumes his vice president director role.

At the board of commissioners level, the AGMS accepted the resignation of Djohan Emir Setijoso as president commissioner, effective June 1, 2025. In his place, Jahja Setiaatmadja will take over the role, subject to regulatory approval.

"Bapak Jahja Setiaatmadja has been appointed as the new president commissioner. This will take effect on the date set by the company, considering the requirements and conditions outlined by the OJK," the statement concluded.