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ANNOUNCEMENT OF
SUMMARY OF MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
AND SCHEDULE OF THE DISTRIBUTION OF CASH DIVIDEND
FINANCIAL YEAR 2023
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Board of Directors of PT Bank Tabungan Negara (Persero) Tbk (“Company”), domiciled in Central Jakarta, hereby
announces to the Company's shareholders that the Company convened the Annual General Meeting of
Shareholders for the Financial Year 2023 (“Meeting”) with the following detail information:
A. Day/Date, Time, and Venue of Meeting
Day/Date : Wednesday / March 6th, 2024
Time : 02:31 PM to 05:13 PM
Venue : Menara Bank BTN Jalan Gajah Mada No.1 - Central Jakarta - 10130
B. The Attendance of Members of the Company's Board of Commissioners, Board of Directors and
Audit Committee at the Meeting
The Meeting was chaired by Mr. Chandra M. Hamzah, as the President Commissioner/Independent
Commissioner, based on the resolution of the Board of Commissioners dated February 21, 2024 that
was conveyed through the letter of the Board of Commissioners of the Company \ Number
27/KOM/BTN/II/2024 dated February 21, 2024 regarding Chairman of the Annual General Meeting
of Shareholders for Financial Year 2023 of PT Bank Tabungan Negara (Persero) Tbk, and attended
by all Members of the Board of Commissioners, all members of the Board of Directors, and all
members of the Audit Committee of the Company as follows:
Board of Commissioners
President Commissioner/Independent Commissioner : Mr. Chandra M. Hamzah
Vice President Commissioner/Independent Commissioner : Mr. Iqbal Latanro
Independent Commissioner : Mr. Armand B. Arief
Independent Commissioner Mr. Sentot A. Sentausa
Commissioner : Mr. Andin Hadiyanto
Commissioner : Mr. Herry Trisaputra Zuna
Commissioner : Mr. Himawan Arief Sugoto
The Board of Directors
President Director : Mr. Nixon L.P. Napitupulu
Vice President Director : Mr. Oni Febriarto Rahardjo
Director of IT and Digital : Mr. Andi Nirwoto
Director of Assets Management : Mrs. Elisabeth Novie Riswanti
Director of Distribution and Funding : Mr. Jasmin
Director of Risk Management : Mr. Setiyo Wibowo
Director of Consumer : Mr. Hirwandi Gafar
Director of Finance : Mr. Nofry Rony Poetra
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Director of Human Capital, Compliance, and Legal : Mr. Eko Waluyo
Director of Institutional Banking : Mr. Hakim Putratama
Audit Committee
Chairman/Member : Mr. Iqbal Latanro
Member : Mr. Sentot A. Sentausa
Member : Mr. Andin Hadiyanto
Member : Mr. Endang A. Suprijatna
Member : Mr. Peter Eko Budi Darwito
C. Shareholders in Attendance
The Meeting has been attended by the Shareholders and/or their proxy included Serie A Dwiwarna
shares representing 11,192,526,051 (eleven billion one hundred ninety two million five hundred
twenty six thousand fifty one) shares or constituting 79.7504035% (seventy nine point seven five zero
four zero three five percent) of the total shares with valid voting rights that have been issued by the
Company up to the date of the Meeting, with a total of 14,034,444,413 (fourteen billion thirty four
million four hundred fourty four thousand four hundred thirteen) shares consisting of:
● 1 (one) Serie A Dwiwarna shares; and
● 14,034,444,412 (fourteen billion thirty four million four hundred fourty four thousand four hundred
twelve) serie B shares;
Based on the Company's Shares Registrar dated February 12, 2024 until 04:15 PM.
D. Opportunity to Ask Questions and/or Express Opinions
In the discussion of each agenda item of the Meeting, except the fifth Agenda because it is a report,
the shareholders of the Company as well as their proxies have been given an opportunity to ask
questions, opinions, and/or proposals.
E. Mechanism of the Resolution-making in the Meeting
The mechanism of the resolution-making in the Meeting was carried out by deliberation to reach a
consensus. However, if deliberation to reach a consensus was not reached, the resolution would be
taken by voting, which should be approved by the Eligible Shareholders or their legal proxies under
the condition:
a. The first to fourth agenda item of the Meeting, decisions are made if approved by the Eligible
Shareholders or their lawful proxies who jointly represent more than 1/2 (one-half) of the total
shares with voting rights present at the Meeting.
b. The fifth agenda item of the Meeting, it is only a report so there is no decision.
c. The sixth agenda item of the Meeting, decisions are made if approved by the Sserie A Dwiwarna
Shareholder and other Eligible Shareholders and/or their legal proxies who jointly represent more than
2/3 (two-thirds) of the total shares with rights voices present at the meeting.
d. The seventh agenda item of the Meeting, decisions are taken if approved by the Serie A Dwiwarna
Shareholder and other Eligible Shareholders and/or their legal proxies who jointly represent more than
1/2 (one-half) of the total shares with rights voices present at the meeting.
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F. Independent Parties to count and/or validate the vote
The voting results are calculated by PT Datindo Entrycom as the Share Registrar (“BAE”) and
subsequently validated by Notary Ashoya Ratam, S.H., M.Kn., both of them are independent parties
whom appointed by the Company.
G. Resolutions of the Meeting
Whereas the Meeting has resolved the following resolutions as set forth in the deed of, “Minutes of
the Annual General Meeting of Shareholders of PERUSAHAAN PERSEROAN (PERSERO) PT
BANK TABUNGAN NEGARA Tbk or PT BANK TABUNGAN NEGARA (PERSERO) Tbk”, Number
06 dated March 6, 2024, which was drawn up before Notary Ashoya Ratam S.H., M.Kn., that
substantially as follows:
1. The First Agenda of the Meeting
Approval of Annual Report and Ratification of the Company’s Financial Report, Approval for the
Board of Commissioners’ Supervisory Report and Ratification of the Financial Report of the Micro
and Small Business Lending Program of Financial Year 2023, simultaneously with Full Release
and Discharge of Liability (volledig acquit et de charge) to the Board of Directors for the
Management Actions and to the Board of Commissioners for the Supervisory Actions Carried
Out during the Financial Year of 2023.
Questions, Opinions and/or Proposals
There were 4 (four) shareholders who submitted questions, opinions and/or proposals regarding
the First Agenda of the Meeting. The summary and essence of the question and answer process
for the agenda are as follows:
No Responses/Questions Answer
1. To implement the development of PT Bank Tabungan Negara Thank you Serie A Dwiwarna
(Persero) Tbk/"BTN" to improve the Company's performance, we Shareholder for the response. The
hereby convey the following matters as below: Company will record and follow up on
1. For the Company's performance achievements in the the records of the Serie A Dwiwarna
Financial Year 2023, we express our gratitude and Shareholders.
appreciation to all levels of the Board of Commissioners,
Directors, and BTN Employees for:
a. The achievement for improving the Company’s
Performance including:
1) Net profit increased 14.97% YoY to IDR 3.50 trillion.
2) Total Credit increased 11.87% YoY to IDR 333.69
trillion.
3) Realized Fee Based Income increased 60.15% YoY to
3.22 trillion.
4) CASA ratio increased from 48.52% to 53.73%.
5) CIR ratio decreased from 46.66% to 45.26%.
6) Gross NPL ratio decreased from 3.38% to 3.01% and
LAR decreased from 23.24% to 21.20%.
b. The Company's commitment to support the Government
programs to maximize the provision of public housing
financing, especially for low-income communities, in order
to achieve zero backlog by 2045.
We hope that these achievements will continue to be improved
in the future so that the Company can contribute more
optimally not only to shareholder returns but also to the country
and society.
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2. Matters that need attention from the BTN Board of
Commissioners and Directors for future performance
improvement are as follows:
a. To anticipate global economic conditions in 2024 which
have the potential for inflationary pressures and a tightening
of global monetary policy with increasingly limited fiscal
space, the Company must determine a more selective credit
distribution strategy, implement sustainable credit risk
management, and optimal liquidity management.
b. Nationally, economic growth in 2024 is predicted to remain
strong and grow positively in the range of 4.8% - 5.2%. Apart
from that, the housing sector still has huge room for growth
considering the still high number of national housing
backlogs, the high number of people who do not yet have
adequate housing, and the extension of the stimulus
provided by the Government to the housing sector. This
opportunity can be utilized well by the Company by
optimizing all existing potential so that it can become The
Best Mortgage Bank in Southeast Asia as expected.
c. The Company should focus on strengthening strategy,
business innovation and market expansion to increase
market capitalization so that it can provide added value to
Shareholders.
d. Considering that in 2023 there will be a decrease in net
interest income, the Company is expected to:
1) Making efforts to reduce the cost of funds through
increasing low-cost funds (CASA), strengthening
ecosystem-based business, penetrating mobile banking
as a digital financial solution, and optimizing penetration
of cash management services for customers, so that
they can excel in the competition for transaction banking
services;
2) Encouraging the housing ecosystem with new KPR
models, quality and sustainable expansion of other
businesses, as well as optimizing yields on credit
distribution while still prioritizing the principle of
prudence so that there is a sustainable increase in
profitability.
e. Continuing to encourage an increase in income contribution
originating from Other Operational Income, especially Fee
Based Income (FBI) through massive acceleration of digital
financial services and transactional banking, especially for
internet and mobile banking users, as well as fee-based
development from other new sources such as foreign
exchange services, forex trading, and structured products;
f. Ensuring the achievement of the KPI target for State Capital
Participation (PMN), especially on indicators that will not be
achieved in 2023, such as BOPO, Gross NPL and
Realization of Subsidized KPR;
g. In connection with the increasing role of information
technology in the banking industry and the increasingly
massive hacking attempts and cyber security disturbances
which have a very massive impact both operationally,
financially and reputationally, the Company is expected to
strengthen its cyber security both in terms of policy,
infrastructure and operating systems as well as risk
mitigation
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h. In order to encourage the principles of sustainable finance,
the Company must maintain its commitment to developing
ESG initiatives, including through the Company's work
programs, lending and issuing debt securities based on
green financing principles. In addition, the implementation
of ESG initiatives must be aligned with the focus of
government programs in the context of national economic
recovery and development;
i. The Company should be committed to making
improvements in the implementation of its Anti-Fraud
Strategy in each pillar and provides zero tolerance for any
form of fraud, both internal and external;
j. Follow up on the findings of internal and external
audits/inspectors, optimizing risk management and
implementation of the three lines of defense, and always
prioritizing the principles of Good Corporate Governance
and paying attention to the provisions of Anti-Money
Laundering, Prevention of Terrorism Financing and
Prevention of Funding for the Proliferation of Weapons of
Mass Destruction (APU PPT and PPPSPM).
2. a. in our attention, there is an increase in provisions for In 2023, the Company will experience
impairment losses on financial assets. Is this caused by an a decrease in gross NPL, namely from
increase in NPL due to BTN's inability to pay debts on home 3.38% to 3.01%. Regarding the
loans, motorbike loans, unsecured loans or credit cards? increase in CKPN reserves for NPLs in
2023, reaching 155.16%, the aim is to
increase the Company's caution
regarding NPL risks and increase the
Company's coverage.
b. Recently, PT Akulaku Finance Indonesia succeeded in
getting sanctions lifted by the OJK. Does this have an The company has a different business
impact on the banking industry, especially BTN considering concentration from PT Akulaku
that Buy Now Pay Later (BNPL) companies have a CAGR Finance Indonesia. Until now, the
of >10% per year? Company does not have any
competition with PT Akulaku.
However, in the future, the Company
plans to release a BNPL product which
is expected to be licensed by the OJK
this year.
3. a. Which business division that caused interference in Basically, all divisions have
increasing the Company's profits and what solutions are contributed well, so that no business
management taking to improve it? division has become a distraction in
increasing profits. This is reflected in
the Company's performance in 2023
which generally recorded good results,
including increased assets, increased
credit and deposit growth, LAR and
other financial ratios recorded well,
CKPN reserves increased, profits
increased and became the biggest
achievement since the Company was
established.
b. As the magnate of subsidized housing mortgages, what is It is possible for the Company to
the Company's agenda to create flat installment mortgage implement a mortgage scheme with a
services up to 30 years, and will this disrupt the NPL if the flat interest calculation, but this
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customer defaults due to retirement or layoff? scheme will be very burdensome for
consumers, especially if applied to
mortgages with long terms up to. 30
years. The interest paid by consumers
will be higher than the principal,
because interest with a flat scheme will
be higher than interest with an annuity
or effective scheme, which is a
mortgage interest calculation scheme
commonly used by the market. Due to
this, the Company will not use this
scheme at this time.
4. Through CSR funds, BTN is expected to play an active role in This will be input for the Company.
building the mentality of the nation's children, especially Gen Z,
who is currently considered the strawberry generation
(Kompas.id, 26 June 2023). They are seen as a young generation
who is soft, spoiled, with weak fighting power when facing
challenges, even though they are the generation that plays an
important role in achieving Golden Indonesia 2045. One way to
develop Generation Z is so that they have a tough mentality, have
high fighting power and have a patriotic spirit & high sense of
nationalism, it is necessary to distribute free biographies of
national heroes. In this way, it is hoped that the spirit of
nationalism and high fighting spirit can be transmitted to Gen Z
who read these hero books
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,767,960,536 (96.2067051%) 200 (0.0000018%) 424,565,315 (3.7932931%)
Resolution
1. Approved the Company's Annual Report including the Supervisory Report of the Company's
Board of Commissioners for the Financial Year of 2023 ending December 31, 2023.
2. Validate:
a. The Company's Financial Statements for the Financial Year of 2022 ending December
31, 2022, have been audited by the Public Accounting Firm (KAP) Purwantono,
Sungkoro & Surja (a member firm of the Ernst & Young Global) according to Report
Number 00048/2.1032/AU.1/07/1681-1/1/II/2024 dated February 12, 2024 with a fair
opinion in all material respects; and
b. The Financial Report of the Micro and Small Business Lending Program for the Financial
Year of 2023 which ended on December 31, 2023, has been audited by the Public
Accounting Firm (KAP) Purwantono, Sungkoro & Surja (a member firm of the Ernst &
Young Global) according to Report Number 00047/2.1032/AU.2/10/1681-1/1/II/2024
dated February 12, 2024, with a fair opinion in all material respects.
3. With the approval of the Company's Annual Report including the Supervisory Task Report
of the Board of Commissioners, and the ratification of the Company's Financial Statements
and the Financial Statements of the Micro and Small Business Lending Program (PUMK),
all for the Financial Year of 2023 ending on December 31, 2023, the GMS grants settlement
and full discharge of responsibility (volledig acquit et de charge) to all members of the Board
of Directors for their actions in managing the Company and to all members of the Board of
Commissioners for their supervisory actions of the Company that have been carried out
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during the Financial Year of 2023 which ended on December 31, 2023, as long as these
actions are not acts crime and are reflected in the report above.
2. The Second Agenda of Meeting
Determination on the Appropriation of the Company’s Net Profit for the Financial Year of 2023.
Questions, Opinions, and/or Proposals
There is no questions, opinions and/or proposals submitted in the discussion of the second
agenda item of the Meeting.
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,818,441,493 (96.6577290%) 200 (0.0000018%) 374,084,358 (3.3422693%)
Resolution
Approved and determined the use of the Company's net profit of the Financial Year of 2023 of
IDR 3.500.987.620.258,75 (three trillion five hundred billion nine hundred eighty seven million
six hundred twenty thousand two hundred fifty eight point seven five rupiah) as follows:
1. 20% (twenty percent) or IDR 700.197.524.051,75 (seven hundred billion one hundred ninety
seven million five hundred twenty four thousand fifty one point seven five rupiah) or IDR
49,89136 (forty nine point eight nine one three six rupiah) per share as Cash Dividend. The
payment under the following conditions:
a. Dividend share of the Government of the Republic of Indonesia amounting to IDR
420.118.514.441,03 (four hundred twenty billion one hundred eighteen million five
hundred fourteen thousand four hundred forty one point zero three rupiah), will be
deposited into the Cash Account State Public in Rupiah.
b. Dividends of the 2023 Financial Year are paid proportionally to each Shareholder
whose name is recorded in the Register of Shareholders on the recording date.
c. The Board of Directors are given the authority and power with the right of substitution
to do as follows:
I. Determination of the distribution schedule and procedures relating to Dividend
payments of the 2023 Financial Year in accordance with applicable regulations;
II. Dividend tax withholding in accordance with applicable tax regulations;
III. Other technical related matters in accordance with applicable regulations.
2. 80% (eighty percent) or IDR 2.800.790.096.207,00 (two trillion eight hundred billion seven
hundred ninety million ninety six thousand two hundred and seven rupiah) as the balance of
retained earnings.
3. The Third Agenda of Meeting
Determination of Remuneration (salary/honorarium, facility, and benefit) of 2024, as well as
Tantiem for Performance in 2023 for the Board of Directors and the Board of Commissioners of
the Company.
Questions, Opinions, and/or Proposals
There is no questions, opinions and/or proposals submitted in the discussion of the Third agenda
item of the Meeting.
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,469,506,271 (93.5401555%) 348,930,722 (3.1175333%) 374,089,058 (3.3423113%)
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Resolution
1. To grant authority and power of attorney to the Serie A Dwiwarna Shareholders of the
Company to determine for members of the Board of Commissioners:
a. Tantiem/Performance Incentives/Special Incentives of the 2023 Financial Year in
accordance with applicable regulations; and
b. Honorarium, Allowances and Facilities for Financial Year 2024.
2. To grant authority and power to the Company's Board of Commissioners by first obtaining
written approval from the Serie A Dwiwarna Shareholder of the Company to determine for
members of the Board of Directors:
a. Tantiem/Performance Incentives/Special Incentives of the 2023 Financial Year in
accordance with applicable regulations; and
b. Salary, Allowances and Facilities, for Financial Year 2024.
4. The Fourth Agenda of Meeting
Appointment of a Public Accountant and/or the Public Accountant Firm to audit the Company’s
Financial Report and the Financial Report of the Micro and Small Business Lending Program for
the Financial Year of 2024.
Questions, Opinions, and/or Proposals
There is no questions, opinions and/or proposals submitted in the discussion of the fourth agenda
item of the Meeting.
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,818,441,493 (96.6577290%) 200 (0.0000018%) 374,084,358 (3.3422693%)
Resolutions
1. Approved the appointment of Purwantono, Sungkoro & Surja (a member firm of the Ernst &
Young Global) as a Public Accounting Firm that will audit the Company's Financial
Statements as well as the Financial Statements of the Micro and Small Business Lending
Program and other reports for the Financial Year of 2024.
2. Approve the granting of authority and power to the Company's Board of Commissioners to
carry out:
a. Appointment of a Public Accountant and/or Public Accounting Firm to audit the
Company's Financial Statements for other periods in the 2024 Financial Year for the
purposes and interests of the Company; and
b. Determination of fees for audit services and other requirements for the Public Accountant
and/or Public Accounting Firm, as well as appointing a replacement of Public Accountant
and/or Public Accounting Firm in the case of the Purwantono, Sungkoro & Surja Public
Accounting Firm (a member firm of the Ernst & Young Global network), because for
whatever reason, unable to complete the provision of audit services for the Company's
Financial Report for the Financial Year of 2024 and/or other periods in the Financial Year
of 2024, as well as the Financial Report for the Micro and Small Business Funding
Program for the Financial Year of 2024, including determining fees for audit services and
other requirements for the Accountant The Public and/or the replacement of Public
Accounting Firm.
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5. The Fifth Agenda of Meeting
Realization Report on the Use of Utilization of Proceeds from Additional Capital with Pre-Emptive
Rights Limited Public Offering II (PMHMETD II).
Questions, Opinions, and/or Proposals
The fifth agenda item is a report so there is no question and answer session.
Voting Results
The fifth agenda item for the Meeting is a report so there is no decisions needed.
6. The Sixth Agenda of Meeting
Approval of the Amendments of the Company’s Articles of Association.
Questions, Opinions, and/or Proposals
There is no questions, opinions and/or proposals submitted in the discussion of the sixth agenda
item of the Meeting.
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,128,364,939(90.4922168%) 690,076,754 (6.1655139%) 374,084,358(3.3422693%)
Resolutions
1. Approved the amendments of the Company's Articles of Association, in order to adjust the
regulations as below :
a. OJK Regulation Number 17 of 2023 dated 14 September 2023 concerning the
Implementation of Governance for Commercial Banks;
b. Regulation of the Minister of BUMN Regulation Number PER-2/MBU/03/2023 dated 24
March 2023 concerning Guidelines for Governance and Significant Corporate Activities
of BUMN;
c. Regulation of the Minister of BUMN Number PER-3/MBU/03/2023 dated 24 March 2023
concerning Organs and Human Resources of BUMN;
d. Other related regulations.
2. Approve to re-arrange all provisions in the Company's Articles of Association in connection
with the changes as referred to in point 1 (one) above.
3. Grant authority and power to the Board of Directors with the right of substitution to take all
necessary actions related to the Meeting's decisions, including but not limited to drafting and
restating the entire Company's Articles of Association in a Notarial Deed, adjusting changes
to the Company's Articles of Association if this is required by the relevant agency authorized
and submit to the authorized agency to obtain approval and receipt of notification of
amendments to the Company's Articles of Association, as well as doing everything that is
deemed necessary and useful for these purposes with nothing being excluded.
7. The Seventh Agenda of Meeting
Changes in the Composition of Company’s Management.
Questions, Opinions, and/or Proposals
There is no questions, opinions and/or proposals submitted in the discussion of the sixth agenda
item of the Meeting.
Voting Results
Affirmative Vote Non-Affirmative Vote Abstain
10,430,252,214 (93.1894388%) 388,189,479 (3.4682919%) 374,084,358 (3.3422693%)
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Resolutions
1. Confirming the honorable dismissal of the names below as Members of the Company's Board
of Commissioners:
1) Mr. Ahdi Jumhari Luddin – as an Independent Commissioner;
2) Mr. Mohamad Yusuf Permana – as a Commissioner;
who were appointed respectively based on the 2019 EGMS Decision dated 27 November
2019 and the 2023 EGMS Decision dated 11 January 2023, starting from 12 August 2023
and 4 March 2024 respectively, with thanks for the contribution of energy and thoughts given
during serves as members of the Company's Board of Commissioners.
2. Dismiss with respect the names below as Company Management:
1) Mrs. Elisabeth Novie Riswanti – as a Director of Assets Management;
2) Mr. Hirwandi Gafar – as a Director of Consumer;
3) Mr. Jasmin – as a Director of Distribution and Funding;
4) Mr. Setiyo Wibowo – as a Director of Risk Management;
5) Mr. Chandra M. Hamzah – as a President Commissioner/Independent Commissioner;
6) Mr. Andin Hadiyanto – as a Commissioner;
7) Mr. Armand B. Arief – as an Independent Commissioner;
who were appointed based on Resolutions of 2019 EGMS dated August 29th, 2019 juncto
2019 EGMS dated November 27th, 2019 juncto 2020 AGMS dated March 10th, 2021 juncto
2021 AGMS dated March 2nd, 2022, Resolutions of 2019 EGMS dated November 27th, 2019
juncto 2021 AGMS dated March 2nd, 2022, Resolutions of 2019 EGMS dated November 27th,
2019 juncto 2020 AGMS dated March 10th, 2021 juncto 2021 AGMS dated March 2nd, 2022,
Resolutions of 2019 EGMS dated November 27th, 2019, Resolutions of 2020 AGMS dated
March 10th, 2021, and the Resolutions 2019 EGMS dated November 27th, 2019, starting from
the closing of the GMS, with thanks for the contribution of energy and thoughts given while
serving as Company Management.
3. Change the nomenclature of positions for members of the Company's Board of Directors as
follows:
No Formerly To Become
1) Director of Distribution and Director of Distribution and Institutional Funding
Funding
2) Director of IT and Digital Director of Infomation Technology
3) Director of Institutional Banking Director of Operations and Customer
Experience
4) - Director of SME and Retail Funding
4. Transfer the assignment of the names below as Members of the Company's Board of
Directors
No Name Formerly To Become
1) Mr. Andi Nirwoto Director of IT and Digital Director of Information
Technology
2) Mr. Hakim Putratama Director of Institutional Director of Operations and
Banking Customer Experience
Page 11
Who were appointed appointed based on the 2023 EGMS Decision dated 11 January 2023
and the decision of the 2022 GMS for the 2022 Fiscal Year on 16 March 2023, with the term
of office continuing the remaining term of office based on the GMS
5. Appoint the names below as Company Management:
1) Mrs. Elisabeth Novie Riswanti – as a Director of Assets Management;
2) Mr. Hirwandi Gafar – as a Director of Consumer;
3) Mr. Jasmin – as a Director of Distribution and Institutional Funding;
4) Mr. Setiyo Wibowo – as a Director of Risk Management;
5) Mr. Muhammad Iqbal – as a Director of SME and Retail Funding;
6) Mr. Chandra M. Hamzah – as a President Commissioner/
Independent Commissioner;
7) Mr. Bambang Widjanarko – as an Independent Commissioner;
8) Mr. Armand B. Arief – as an Independent Commissioner;
9) Mrs. Adi Sulistyowati – as an Independent Commissioner;
10) Mr. Andin Hadiyanto – as a Commissioner.
6. The tenure of the appointed members of the Board of Directors and Board of Commissioners
as referred to in number 5, is in accordance with the provisions of the Company's Articles of
Association, considering the laws and regulations in the Capital Market sector and without
reducing the GMS's right to dismiss at any time.
7. With the confirmation of dismissal, transfer of duties, and appointment of members of the
Board of Directors and Board of Commissioners as referred to in number 1, number 2, number
3, number 4, and number 5, the composition of the members of the Board of Directors and
Board of Commissioners the Company is as follows:
a. Board of Directors
1) President Director : Nixon L.P. Napitupulu
2) Vice President Director : Oni Febriarto Rahardjo
3) Director of Finance : Nofry Rony Poetra
4) Director of Assets Management : Elisabeth Novie Riswanti
5) Director of Human Capital, Compliance and Legal : Eko Waluyo
6) Director of Risk Management : Setiyo Wibowo
7) Director of Distribution and Institutional Funding : Jasmin
8) Director of Information Technology : Andi Nirwoto
9) Director of Consumer : Hirwandi Gafar
10) Director of Operations and Customer Experience : Hakim Putratama
11) Director of SME and Retail Funding : Muhammad Iqbal
b. Board of Commissioners
1) President Commissioner/
Independent Commissioner : Chandra M. Hamzah
2) Vice President Commissioner/
Independent Commissioner : Iqbal Latanro
3) Independent Commissioner : Bambang Widjanarko
4) Independent Commissioner : Armand B. Arief
5) Independent Commissioner : Sentot A. Sentausa
6) Independent Commissioner : Adi Sulistyowati
7) Commissioner : Andin Hadiyanto
8) Commissioner : Herry Trisaputra Zuna
9) Commissioner : Himawan Arief Sugoto
Page 12
8. Members of the Board of Directors and Board of Commissioners who are appointed as
referred to in number 5 points 5), 7), and 9) can only carry out their duties after obtaining
approval from the Financial Services Authority (OJK) for the Fit and Proper Test and fulfilling
applicable laws and regulations. If a member of the Board of Directors and Board of
Commissioners of the Company is later declared not approved as a member of the Board of
Directors and Board of Commissioners in the Fit and Proper Test by OJK, then the member
of the Board of Directors and Board of Commissioners of the Company will be honorably
dismissed from the date of the stipulation of the Fit and Proper Test.
9. Members of the Board of Directors and Board of Commissioners appointed as referred to in
number 5 who are still serving in other positions which are prohibited by statutory regulations
from holding concurrent positions as members of the Board of Directors or Board of
Commissioners of State-Owned Enterprises, then the person concerned must resign or be
dismissed from his position.
10. Request the Board of Directors to submit a written request to the Financial Services Authority
for the implementation of a Fit and Proper Test on the appointed members of the Board of
Directors and Board of Commissioners as referred to in number 5 points 5), 7), and 9)
11. Grant power of attorney with the right of substitution to the Company's Directors to state the
decisions of this GMS in the form of a Notarial Deed and appear before a Notary or authorized
official, and make necessary adjustments or improvements if required by the authorized party
for the purposes of implementing the contents of the meeting's decisions.
SCHEDULE AND PROCEDURE FOR THE PAYMENT OF CASH DIVIDENDS
In accordance with the resolution of the Second Agenda of the Meeting as mentioned above, where the
Meeting has determined a cash dividend for the financial year of 2023 amounting to IDR
700.197.524.051,75 - (seven hundred billion one hundred ninety seven million five hundred twenty four
thousand fifty one point seven five rupiah) or IDR 49,89136 (fourty nine point eight nine one three six
rupiah) per share to be distributed to the Shareholders of the Company, it is hereby notified the schedule
and procedure for the payment of cash dividends for the financial year of 2023 as follows:
Schedule of Distribution of Cash Dividend
NO DESCRIPTION DATED
End of Trading Period of Shares with Dividend Rights (Cum Dividend)
1 ● Regular and Negotiation Market March 18th, 2024
● Cash Market March 20th, 2024
Beginning of Trading Period of Shares Without Dividend Rights (Ex Dividend)
2 ● Regular and Negotiation Market
● Cash Market
March 19th, 2024
March 21st, 2024
3 List of Shareholders entitled to Dividend (Recording Date) March 20th, 2024
4 Cash Dividend Payment Date for Financial Year of 2023 April 5th, 2024
Procedure for Payment of Cash Dividend
1. Cash Dividend will be distributed to Shareholders whose names are recorded in the Company's
Shareholders Register or recording date on March 20, 2024 and/or owners of Company's Shares in
Sub Securities Accounts at PT Kustodian Sentral Efek Indonesia (“KSEI”) at the trading closing date,
20 March 2024.
Page 13
2. For Shareholders whose shares are placed in KSEI's collective custody, the payment of cash
dividend will be made through KSEI and will be distributed on April 5th, 2024 into the Customer Fund
Account (Rekening Dana Nasabah - RDN) at the Securities Company and/or Custodian Bank where
the Shareholders open a securities account. As for the Shareholders of the Company whose shares
are not included in the collective custody of KSEI, the payment of cash dividend will be transferred
to the account of the Shareholders of the Company.
3. The cash dividend will be taxed in accordance with the applicable tax laws and regulations.
4. Based on the prevailing tax laws and regulations, the cash dividend will be excluded from the tax
object if it is received by the shareholders of the resident corporate taxpayer (“Resident Corporate
Taxpayer”) and the Company does not deduct Income Tax on the cash dividends paid to the
Resident Corporate Taxpayer. Cash dividends received by shareholders of resident individual
taxpayers (“Resident Individual Taxpayer”) will be excluded from the tax object as long as the
dividends are invested in the territory of the Unitary State of the Republic of Indonesia. For Resident
Individual Taxpayer that does not meet the investment provisions as mentioned above, the dividends
received by the person concerned will be subject to income tax (“PPh”) in accordance with the
applicable laws and regulations, and the PPh must be paid by the Resident Individual Taxpayer
concerned in accordance with the provisions of Government Regulation Number 9 of 2021 concerning
Tax Treatment to Support the Ease of Doing Business.
5. Shareholders of the Company can obtain confirmation of dividend payments through a securities
company and or custodian bank where Shareholders of the Company open a securities account,
then the shareholders of the Company must be responsible for reporting the dividend receipts
referred to in tax reporting for the relevant tax year in accordance with the laws and regulations
applicable taxation.
6. Shareholders who are Non-Resident Taxpayers whose tax withholding will use the rate based on the
Double Taxation Avoidance Agreement are required to comply with the requirements of the Director
General of Taxes Regulation Number PER-25/Pj/2018 concerning Procedures for Application of the
Double Taxation Avoidance Agreement and submit proof documents record or receipt of DGT/
Certificate of Domicile (SKD) that has been uploaded to the website of the Directorate General of
taxes to KSEI or BAE in accordance with KSEI rules and regulations. Without the such document,
the cash dividend paid will be subject to Article 26 Income Tax of 20%.
Jakarta, March 7, 2024
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
BOARD OF DIRECTORS
Names mentioned 39 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Chandra M. Hamzah Vice
p.1 ×8
unresolved
person
Iqbal Latanro Independent
p.1 ×4
unresolved
person
Armand B. Arief Independent
p.1 ×6
unresolved
person
Nixon L.P. Napitupulu Vice
p.1
unresolved
person
Hakim Putratama Audit Committee
p.2 ×4
unresolved
person
Peter Eko Budi Darwito C. Shareholders
p.2 ×2
unresolved
org
PT Datindo Entrycom
p.3
unresolved
person
Notary Ashoya Ratam
p.3 ×2
unresolved
org
Serie A Dwiwarna (Persero) Tbk
p.3
unresolved
org
PT Akulaku Finance Indonesia
p.5
unresolved
org
PT Akulaku
p.5
unresolved
org
PT Akulaku. However
p.5
unresolved
org
Government of the Republic of Indonesia
p.7
unresolved
org
Pre-Emptive Rights Limited
p.9
unresolved
org
Minister of BUMN Regulation Number PER-
p.9
unresolved
org
Minister of BUMN Number PER-
p.9
unresolved
org
Financial Services Authority
p.12 ×2
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.12
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
Rule parser
Needs review
confidence 0.000
971 ms
12 Sep 2026 23:06
no RUPS minutes content - likely misclassified