PT Bank Negara Indonesia Tbk (IDX: BBNI) considered to issue global bonds US$500 million in the first quarter of 2020, the official told the media on Wednesday (10/16) - Photo by the Bank

JAKARTA (TheInsiderStories)PT Bank Negara Indonesia Tbk (IDX:BBNI) shareholders have agreed to install three new directors and added one director post, namely Tambok PS Simanjuntak, Endang Hidaytullah and Dadang Setiabudi, BNI President Director Ahmad Baiquni said after the bank’s shareholders meeting.

Tambok, previously finance director of steelmaker PT Krakatau Steel Tbk (IDX:KRAS) holds as director for retail banking and Endang Hidayatullah as director for compliance. Two new directors replace Imam Budi Sarjito, director for compliance and risk, and Panji Irawan, director for international treasury.

The bank also added one director post, namely Director of Information Technology and Operation, which is held by Dadang Setiabudi. He previously held the post as SEVP for Digital Banking.

Baiquni and Deputy President Director Herry Sidharta maintain their positions. In addition, the shareholders meeting also agreed to appoint Sigit Widyawan as an independent commissioner.

Following is the board of director composition of BNI:
President Director: Ahmad Baiquni

Deputy President Director: Herry Sidharta

Director for Corporate Banking: Putrama Wahju Setyawan

Director for Retail Banking: Tambok P.S, Simanjuntak

Director for Small Business and Network: Catur Budi Harto

Director for Treasury and International Banking: Rico Rizal Budidarmo

Finance Director: Anggoro Eko Cahyo

Director for Information Technology and Operation: Dadang Setiabudi

Director for Institutional Relations: Adi Sulistyowati

Director for Risk Management: Bob Tyasika Ananta

Director for Compliance: Endang Hidayatullah

Baiquni added that the bank mulls a plan to acquire one or two banks this year. He declined to elaborate the targeted bank, but only saying that the potential target should help complement the bank’s existing business.

In addition to changing the board, the shareholders also agreed to distribute Rp4.77 trillion cash dividend,  representing 35 per cent of the bank’s net profit in 2017. The government will get 60 per cent of the dividend in accordance with its ownership in the bank. The remaining Rp8.85 trillion of the net profit will be allocated as retained profit.

Written by Roffie Kurniawan, email : roffien@theinsiderstories.com