Bank Jatim Holds Annual General Meeting of Shareholders (AGMS), Approves Rp 821 Billion Dividend Distribution, and Nominates Winardi Legowo as President Director Candidate.
Date: 22 may 2025Categories :
SURABAYA, May 22, 2025. PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) held its Annual General Meeting of Shareholders (AGMS) for the 2024 Financial Year. The event took place at Bromo Room, Bank Jatim Head Office, Surabaya on Thursday (22/5). The Governor of East Java, Khofifah Indar Parawansa, was present in the AGMS representing the East Java Provincial Government as the controlling shareholder, along with all members of the Board of Commissioners and Board of Directors of Bank Jatim.
The agenda for the 2024 Financial Year Annual GMS consisted of:
- Approval of the Company's Annual Report on the Company's State and Operations During the 2024 Financial Year. Including the Report on the Implementation of the Supervisory Duties of the Board of Commissioners During the 2024 Financial Year and the Ratification of the Company's Financial Statements for the 2024 Financial Year;
- Determination of the Use of the Company's Net Profit for the 2024 Financial Year. Including the Provision of Bonuses for Employees and Tantiem and Remuneration for the Board of Directors and Board of Commissioners;
- Granting Authority to the Board of Commissioners to Appoint a Public Accounting Firm to Audit the Company's Financial Statements for the 2025 Financial Year;
- Amendment of the Company's Articles of Association;
- Approval of the Recovery Plan;
- Changes in the Composition of the Company's Management.
Khofifah explained that this AGMS is not merely a corporate accountability forum, but also a reflective moment on Bank Jatim's role in driving the regional economy and supporting the development transformation in East Java. "East Java is currently positioned as the center of gravity of the Indonesian economy. This is because almost 80 percent of logistics for Eastern Indonesia is supplied by East Java. This momentum is concrete proof of good synergy among stakeholders, including regional banks like Bank Jatim," she stated.
Khofifah further explained that during 2024, East Java's economic growth remained positive and stable amid global challenges. BPS data for 2024 shows that East Java's economy grew by 4.93 percent (semester to semester) and in the first quarter of 2025, East Java's economy grew by 5 percent (YoY), above the national average. This achievement was driven by the acceleration of investment, where the realization of East Java's investment showed a very encouraging trend. "The realization of East Java's investment in the last 6 years has always increased, and in 2024, the realization of Foreign Direct Investment (PMA) and Domestic Direct Investment (PMDN) in East Java reached Rp 147.3 trillion, an increase of 1.5 percent from 2023. Nationally, this achievement contributed 8.6 percent," she said.
These various records certainly reflect investor confidence in East Java's stable and increasingly inclusive business climate. Bank Jatim's support in financing and adaptive banking services is crucial in maintaining this momentum. "As we all know, we have declared East Java as the new gateway to the archipelago (gerbang baru nusantara). This is not just a development jargon, but also a strategic direction that positions East Java as the main hub for maritime industry logistics as well as digital transformation in Eastern Indonesia," Khofifah revealed.
According to her, the role of the financial services sector, including regional banks, is a key pillar in supporting advancement strategies in East Java. Khofifah sees significant developments in financial services, especially in strengthening East Java's Micro, Small, and Medium Enterprises (UMKM), which now contribute almost 60 percent of East Java's Regional Gross Domestic Product (PDRB). According to OJK data, the East Java Provincial Government has been recorded as the province with the largest UMKM credit distribution in Indonesia for 5 consecutive years.
"This growth trend reflects the sustainability of consistent policies and the increasing access of UMKM players to formal financing sources," she emphasized. This achievement is the result of a strong commitment between the regional government, OJK, and banking institutions in strengthening the UMKM sector as the backbone of the regional economy.
Khofifah also acknowledged that Bank Jatim has taken concrete steps through its support for the Gaspol UMKM program (Gerakan solusi permodalan UMKM - UMKM Capital Solution Movement), which acts as a driving force for financial inclusion in the real sector. This is an example of prioritizing the UMKM sector, which has been the backbone of East Java's economy and a pillar of the community's economic resilience.
Khofifah explained that internally, Bank Jatim's financial performance showed an audited net profit for 2024 recorded at 1.28 trillion Rupiah. "This is the highest audited net profit among all regional banks in Indonesia in 2024. Although we also see that several things need correction, evaluation, and improvement. Of course, we all deserve to appreciate Bank Jatim's performance and remain vigilant regarding several aspects of the prudence process, which is the principle of a banking institution," she stated.
Furthermore, for Bank Jatim's performance in the 2024 financial year, total assets increased by 13.76 percent to Rp 118.1 trillion. This indicates that the company's business expansion is still running well, and the bank remains trusted by customers and investors. Third-party funds grew to Rp 90.016 trillion, indicating a high level of public trust. Next, loans disbursed also increased significantly to Rp 75.35 trillion, showing Bank Jatim's commitment to the real and productive sectors.
"Of course, this proves that Bank Jatim remains resilient, competitive, and oriented towards sustainable growth. Moreover, the strategic step for the Bank Business Group (KUB) should also be appreciated. This is an innovative approach to expand the reach and competitiveness of regional banks while maintaining the principles of prudence and good corporate governance," Khofifah said.
She added that with the continuously developing strength in maritime, logistics, industry, and digitalization, Bank Jatim will act as a key enabler for accelerating inclusive and equitable development. Bank Jatim must not only be a catalyst for investment, financing, ports, transportation connectivity, special economic zones, and other superior maritime sectors but also be capable of becoming a regional champion that strengthens East Java's position as a new national growth center.
"With these various efforts, Bank Jatim is not just a regional bank. Instead, it is the driving force of East Java as the new gateway to the archipelago towards a more connected, resilient, and growing Indonesia. Hopefully, Bank Jatim will continue to grow as an institution that is not only financially healthy but also socially strong. Present among the community, growing together with business actors, and contributing concretely to regional development. Let's continue to maintain collaboration, synergy, and the spirit of innovation for the sustainable advancement of East Java," Khofifah concluded.
Bank Jatim President Director Busrul Iman explained that 2024 was a year full of challenges for the financial industry. Dynamic economic conditions presented its own challenges for the company to continuously adapt to grow and provide a positive contribution, as well as build a sustainable business for shareholders, stakeholders, and Jatimers (the term for Bank Jatim employees). "However, amid these challenges, Bank Jatim was precisely able to create a new history in its journey as a major corporation. Of course, all of this could be achieved because of the support from the East Java Provincial Government, City/Regency Governments across East Java, and also the Financial Services Authority (OJK) as the supervisor," he explained.
Busrul stated that in 2024, the company successfully carried out the Bank Business Group (KUB) corporate action with Bank NTB Syariah, as mandated by the AGMS decision for the 2022 Financial Year. The KUB collaboration is a joint effort of the Company with several Regional Development Banks (BPD) to create sustainable synergy in several areas. Such as capital, financial and business aspects, and other supporting aspects. All of this is done to create new value creation among BPDs to jointly build the nation. "Furthermore, we will continue the KUB process with several other BPDs this year, such as Bank Lampung, Bank NTT, Bank Sultra, and Bank Banten," he added.
Busrul emphasized that Bank Jatim has a vision to become the No. 1 BPD in Indonesia, both in terms of numerical achievement, quality of human resources, technology, and organization, and continues to strive to be a contributor in driving the regional economy in East Java. Well, KUB is one game changer that does not only have a business and financial function. However, its other non-financial aspects are also capable of realizing a culture of mutual cooperation among province-owned Regional-Owned Enterprises (BUMD) in Indonesia as a form of synergy and collaboration for the advancement of the nation.
Furthermore, to support the implementation of the Road Map BPD blueprint by OJK, the company is preparing to collaborate with the Regional People's Economy Bank (Bank Perekonomian Rakyat) owned by the City and/or Regency Government and strengthen East Java's regional financial ecosystem, which will ultimately be able to increase the economy of the East Java community together.
Busrul admitted that the management continues to strive to bring the company to be adaptive to changes in customer behavior and the business environment, especially related to digitalization. As a strategic partner of the Regional Government and also to meet the needs of the community, several services and products have been provided by Bank Jatim during the 2024 period. Among others, support systems for the Regional Government Information System (SIPD), Regional Government Transaction Electronification (ETPD), and Village Financial System (SISKEUDESLINK). Then there are also the company's digital products & services with the brand name JConnect, which functions to simplify customer transactions and as part of supporting the business process, especially for loan applications.
In addition to the physical network of branch offices, sub-branch offices, and functional offices below them, to maximize banking services in areas with great business potential, the company also maximizes services through AGEN JATIM. "Throughout 2024, the company allocated a budget to increase the performance of digital services totaling Rp 118.47 billion, which was used for capital expenditure and operational expenditure on information technology," said Busrul.
Bank Jatim remains committed to becoming the best, professional BUMD and capable of being one of the economic drivers, especially in the East Java regional area. Both through day-to-day business operational aspects and through the distribution of the company's profit in the form of dividends. In the 2024 Financial Year AGMS, Bank Jatim successfully distributed a dividend of Rp 54.71 / share. This value increased from the previous year's dividend of Rp 54.39 / share. Thus, the total dividend distributed to shareholders amounted to Rp 821,497,900,066.22 or 64.12 percent of the 2024 Financial Year net profit. The dividend payment, which always increases every year, makes BJTM shares one of the public's favorite investment choices.
In this 2024 Financial Year AGMS, there was also an agenda for changing the composition of the company's management, one of which was the honorable discharge of President Director Busrul Iman, whose term of office ended during this 2024 annual AGMS. The company expresses its deepest gratitude for the dedication and performance provided to Bank Jatim throughout this time.
In addition, Bank Jatim also honorably discharged Edi Masrianto, Eko Susetyono, and Zulhelfi Abidin. Then, based on the results of the 2024 Financial Year AGMS, the composition of the Board of Commissioners and Board of Directors of Bank Jatim after the implementation of the 2024 Financial Year AGMS is as follows:
Candidate for Independent President Commissioner: Adi Sulistyowati
Commissioner: Adhy Karyono
Independent Commissioner: Muhammad Mas’ud
Independent Commissioner: Dadang Setiabudi
Candidate for Independent Commissioner: Asri Agung Putra
Candidate for Independent Commissioner: Nurul Ghufron
Candidate for President Director: Winardi Legowo
Candidate for Vice President Director: R. Arief Wicaksono
Candidate for Micro, Retail, and Sharia Business Director: Tonny Prasetyo
Compliance Director: Umi Rodiyah
Candidate for Finance, Treasury & Global Services Director: RM Wahyukusumo Wisnubroto
Medium, Corporate, and Network Business Director: Arif Suhirman
Candidate for IT, Digital, and Operational Director: Wiweko Probojakti
Candidate for Risk Management Director: Wioga Adhiarma Aji
Chairman of the Sharia Supervisory Board: Dr (HC) KH Afifuddin Muhajir, Mpd.
Candidate for Member of the Sharia Supervisory Board: Prof. Dr. Muhammad Nasih, SE, M.T, Ak
Candidate for Member of the Sharia Supervisory Board: Ir. H. Tamhid Mashudi
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
Jl. Basuki Rahmat 98-104 Surabaya
T : (031) 5310090-99 ext 471
F : (031) 5310838