REPUBLIKA.CO.ID, JAKARTA -- The shareholders of state lender Bank Rakyat Indonesia (BRI) have agreed to allocate 49 percent of its past year's net profit of Rp21.16 trillion as retained earnings.

At its annual general meeting, the shareholders also agreed to set aside 30 percent of the net profit as dividends and 21 percent as appropriated reserve to support investment, BRI's President Director Sofyan Basir said on Wednesday.

"The amount of dividends and retained earnings is inseparable from the shareholders' consideration of the importance of the bank to expand its business and credits to benefit from its opportunities in the micro, small and medium businesses," he said.

The bank's earnings per share increased to Rp257.32 in 2013 from Rp93.01 in 2010.

As the bank's majority shareholder, the government received dividend payments of Rp3.1 trillion from the bank in the book year 2013.

He said the bank's capital adequacy ratio (CAR) remained strong at 16.99 percent as of 2013.

"After all, the bank needs to strengthen its capital structure to support its credit and business expansion as well as to provide optimum benefit to both investors and shareholders," he said.

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