Optimistic about 2025 Performance, Bank Jatim Directors Collectively Acquire Millions of Shares
Date: 03 march 2025Categories :
SURABAYA, March 3, 2025. PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) as one of the financial industry players continues to strive to provide the best for shareholders and stakeholders. The issuer with the code BJTM is committed to always providing added value, both from increasing business capacity linearly and exponentially.
Bank Jatim President Director Busrul Iman explained that amidst the competitive climate of the financial industry, the company understands that business entities must constantly be adaptive to remain relevant to customers and stakeholders within it. This is in line with Bank Jatim's vision to become the No. 1 BPD in Indonesia. "One of the enablers of exponential business growth is through the Bank Business Group (KUB) corporate action. Bank Jatim successfully became one of the pioneers in implementing KUB corporate action between Regional Development Banks (BPD) with 5 BPDs," he explained.
The KUB corporate action includes synergy in 3 aspects. First, the capital aspect. In this case, Bank Jatim functions as a strategic partner with the local Regional Government to improve the quality and capacity of BPD members of Bank Jatim KUB. Second, the business & finance aspect with the main goal of synergizing needs and creating new opportunities, both B2B and government to business. Third, other supporting aspects such as strengthening GCG, increasing human capital and corporate culture including information technology transfer.
"Bank Jatim is also an issuer that consistently distributes dividends with a considerably large historical dividend payout and dividend yield. The consistent dividend payout ratio averages 58 percent and a dividend yield of 11 percent. Of course, this indicates that Bank Jatim also contributes to the increase of the national economy," emphasized Busrul.
As a public company, continued Busrul, Bank Jatim always implements sustainable business growth. This sustainable growth is the value beyond profit provided by Bank Jatim so that it can have a good impact on the environment, the surrounding community, and for workers as main capital.
"For environmental care, Bank Jatim focuses on several sectors. Such as education, health, culture, and social through Corporate Social Responsibility," he said. Bank Jatim is grateful that the value beyond profit has received appreciation in various competitions. In addition, it is also included in the ESG (Environmental, Social, Governance) SRIKEHATI stock index in the "Medium Risk" ESG application category issued by ESG Sustainalytics Rating.
The entire series of the Company's strategic plans have been comprehensively compiled in the Bank's Business Plan and Corporate Plan for the next 4 years. The Company's vision to become the No. 1 BPD in Indonesia does not only cover the number side, but is also capable of becoming a bank entity that becomes a role model for its peers while maintaining its characteristic as a strategic partner of the Main Shareholder. The realization of BPD No 1 is also outlined in the Bank Jatim corporate plan timeline and is divided into 3 phases including Foundation Building, Growth Acceleration, and Market Leadership.
Currently, Bank Jatim has entered the second phase, which is growing faster by strengthening core business processes, entering the commercial credit segment, and intensifying the synergy of the BPD Group.
Seeing all of Bank Jatim's achievements, it is no surprise that Bank Jatim's performance is still very solid amidst existing fundamental fluctuations. This is proven by all Bank Jatim directors collectively acquiring the company's shares for investment. This is a form of sense of belonging and management's optimism towards the company's performance in 2025. The total number of shares acquired by Bank Jatim Directors is 1,439,000 shares.
"We are optimistic that the business prospects in 2025 will be very good and of course Bank Jatim will always consistently support economic growth in various sectors," said Busrul.
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
Jl. Basuki Rahmat 98-104 Surabaya
T : (031) 5310090-99 ext 471
F : (031) 5310838