economy

Amar Bank Is Consistently Growing Sustainably While Distributing Interim Dividends

PT Bank Amar Indonesia Tbk, also known as Amar Bank (IDX: AMAR), a digital bank serving retail and MSME segments, has announced an interim dividend distribution of Rp 47.73 billion. This announcement was made following the Board of Directors meeting approved by the Board of Commissioners on Monday, July 29, 2024. This announcement further showcases Amar Bank's consistency in sustainable growth after recording profits in the last two consecutive quarters.

Previously, Amar Bank was also the first digital bank in 2024 to distribute dividends for the 2023 fiscal year in early June 2024. Now, the Company will distribute an interim dividend of Rp 2.65 per share to shareholders eligible to receive it, with cum dividends in the regular market and negotiations to be completed no later than Thursday, August 8, 2024.

Amar Bank's President Director, Vishal Tulsian, stated, "As a pioneer in digital banking, we focus our strategies on achieving sustainable growth. The distribution of this interim dividend reflects our optimism that there is still ample room for growth. Our focus on the retail and MSME segments from the beginning, through various flagship products and services, has also driven our positive performance over the last two consecutive quarters. This interim dividend distribution is also a commitment to our investors and shareholders that we will continue to grow sustainably."

Furthermore, the schedule for the interim dividend distribution has been published on the company's website and the Indonesia Stock Exchange website.

Cum Dividend in the Regular and Negotiated Market: August 8, 2024

Ex Dividend in the Regular and Negotiated Market: August 9, 2024

Cum Dividend in the Cash Market: August 12, 2024

Ex Dividend in the Cash Market: August 13, 2024

Recording Date for Shareholders Eligible for Interim Dividends: August 12, 2024

Interim Dividend Distribution: August 30, 2024.

Amar Bank recently announced that it achieved a net profit of Rp 97.79 billion in June 2024, marking a 15% year-on-year growth for the same period. This success highlights a strong performance in the middle of 2024. One of the key factors behind this achievement is the increase in users of the Amar Bank Digital and Tunaiku apps, which has also led to a rise in the company's loan disbursements. The performance of these products contributed to the company's operational revenue in June 2024, reaching Rp 758.6 billion, a 34.32% increase compared to June 2023. Amar Bank's success is driven by its digital innovations, particularly the Amar Bank Digital and Tunaiku apps. The Amar Bank Digital app is Indonesia's first mobile-only intelligent bank based on cloud technology, utilizing personalized artificial intelligence (AI). On the other hand, Tunaiku is a fintech product that offers unsecured loans with a quick and easy process, aimed at the underbanked and unbanked populations, providing loans ranging from Rp 2 million to Rp 30 million with long tenors of 6 to 30 months and competitive interest rates.

Tag: Amar Bank Digital Bank MSME Vishal Tulsian