Bank Jatim Approves IDR 850 Billion Dividend Distribution and Appoints New Executives at Annual Shareholders’ Meeting
Date: 06 may 2026Categories :
SURABAYA, May 6, 2026 – PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) successfully held its 2025 Annual General Meeting of Shareholders (AGMS) at the Bromo Room, Bank Jatim Headquarters in Surabaya on Wednesday (May 6). The meeting was attended by the Governor of East Java, Khofifah Indar Parawansa, representing the Provincial Government of East Java as the controlling shareholder, along with the entire Board of Commissioners, Sharia Supervisory Board, and Board of Directors of Bank Jatim.
The agenda of the 2025 AGMS included:
- Approval of the Company’s Annual Report and Financial Statements for Fiscal Year 2025, including the Supervisory Report of the Board of Commissioners.
- Determination of the appropriation of net profit for Fiscal Year 2025, including bonuses for employees and tantiem for the Board of Directors and Board of Commissioners.
- Authorization for the Board of Commissioners to appoint a Public Accounting Firm to audit the Company’s 2026 Financial Statements.
- Report on the utilization of proceeds from the Phase I Sustainable Bond Offering I of Bank Jatim in 2025.
- Approval of the updated Recovery Plan.
- Changes to the Organizational Structure Nomenclature and the Company’s Management Composition.
Governor Khofifah expressed her appreciation for Bank Jatim’s impressive performance during Fiscal Year 2025. According to her, the bank has successfully maintained a healthy balance between business expansion and asset quality while demonstrating strong intermediation functions.
"Bank Jatim’s financial performance throughout 2025 deserves appreciation, as reflected in asset growth, increased lending, and stronger Third-Party Funds (DPK), demonstrating its ability to consistently maintain growth momentum," she stated.
Khofifah also provided strategic directions for Bank Jatim, including strengthening its position as a regional champion, optimizing the Banking Business Group (KUB) through business synergies, reinforcing regional ecosystems, expanding Islamic banking products, accelerating digital transformation, increasing financing for productive sectors—especially MSMEs—and enhancing corporate governance and risk management.
"We share a responsibility to ensure that Bank Jatim not only grows in performance but also delivers greater benefits to society and the regional economy," she emphasized.
She further noted that Bank Jatim is more than just a financial intermediary; it is a key driver of regional economic growth, playing a direct role in channeling liquidity, strengthening the real sector, and promoting inclusive economic development.
Meanwhile, Bank Jatim President Director Winardi Legowo explained that despite challenging economic conditions in 2025, management implemented several strategic initiatives to maintain business and financial performance. These included optimizing low-cost funds, issuing bonds to strengthen stable funding sources, selective lending to promising sectors, improving efficiency, increasing digital transaction volumes to boost fee-based income, and maintaining asset quality in line with the bank’s risk appetite.
To support its vision of becoming Indonesia’s No. 1 Regional Development Bank (BPD), Bank Jatim continues its transformation journey through five key pillars:
- Governance and risk management
- Ecosystem-based business optimization
- Human capital development
- Information technology and business process digitalization
- Business synergy optimization through KUB
Bank Jatim recorded strong consolidated financial performance in 2025. Total assets reached IDR 168.85 trillion, growing 42.93% YoY, while net profit increased 24.80% YoY to IDR 1.61 trillion. On a standalone basis, Bank Jatim managed assets totaling IDR 105.8 trillion and achieved IDR 1.546 trillion in net profit, the highest among all Regional Development Banks in Indonesia.
The positive momentum continued into the first quarter of 2026. Amid global economic challenges, Bank Jatim recorded consolidated net profit of IDR 661 billion, representing 90.41% year-on-year growth compared with IDR 347 billion in the same period of the previous year.
As of March 2026:
- Consolidated loans reached IDR 109.22 trillion (+40.85% YoY)
- Total assets stood at IDR 164.07 trillion (+38.85% YoY)
- Third-Party Funds (DPK) increased to IDR 122.80 trillion (+37.59% YoY)
Winardi emphasized that Bank Jatim remains committed to serving as a strategic partner of the East Java Provincial Government in ensuring that development programs generate tangible impacts on the real sector and the wider community.
Dividend Distribution
The AGMS approved a dividend distribution of IDR 56.62 per share, higher than the previous year’s IDR 54.71 per share. Total dividends distributed amounted to IDR 850.18 billion, representing 55% of the Company’s 2025 net profit.
Based on the closing share price of IDR 590 on May 5, 2026, Bank Jatim’s dividend yield was estimated at 9.60%, further strengthening BJTM’s position as one of the preferred dividend stocks among investors.
Changes in Organizational Structure and Management
The AGMS also approved several changes in the nomenclature of director positions, including:
- Director of Finance, Treasury & Global Services → Director of Finance & Treasury
- Director of Commercial, Corporate & Network Business → Director of Commercial, Corporate & Institutional Banking
- Director of Micro, Retail & Sharia Business → Director of Retail & Sharia Banking
- Director of IT, Digital & Operations → Director of Information Technology, Digital & Operations
In addition, the AGMS appointed:
- Andry Wicaksono as Candidate Director of Risk Management
- Moh. Nasih as Candidate Independent Commissioner
- Abdullah Syamsul Arifin as Candidate Member of the Sharia Supervisory Board
Following the AGMS, the composition of Bank Jatim’s Board of Commissioners, Board of Directors, and Sharia Supervisory Board was updated accordingly.
Independent President Commissioner : Adi Sulistyowati
Commissioner : Adhy Karyono
Independent Commissioner : Muhammad Mas’ud
Independent Commissioner : Dadang Setiabudi
Independent Commissioner : Asri Agung Putra
Candidate Independent Commissioner : Moh. Nasih
President Director : Winardi Legowo
Vice President Director : R. Arief Wicaksono
Director of Retail & Sharia Banking : Tonny Prasetyo
Compliance Director : Umi Rodiyah
Director of Finance & Treasury : RM Wahyukusumo Wisnubroto
Director of Commercial, Corporate & Institutional Banking : Arif Suhirman
Director of Information Technology, Digital & Operations : Wiweko Probojakti
Candidate Director of Risk Management : Andry Wicaksono
Chairman of the Sharia Supervisory Board : KH Afifuddin Muhajir
Member of the Sharia Supervisory Board : Tamhid Masyhudi
Candidate Member of the Sharia Supervisory Board : Abdullah Syamsul Arifin
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
Jl. Basuki Rahmat 98–104, Surabaya
E: corsec@bankjatim.co.id
T: (+62 31) 5310090–99 ext. 471
F: (+62 31) 5310838