Bank Neo Commerce Sets Dividend Plans for 2027 After Financial Restructuring

Path to Dividend Payments

PT Bank Neo Commerce Tbk (BBYB), listed on the Indonesia Stock Exchange, has announced plans to distribute dividends within the next two years. According to CEO Eri Budiono, the bank is currently focusing on resolving its retained loss, a key step before any dividend payments can be considered.

Current Financial Status

The bank's financial recovery is the current top priority. Eri Budiono explained during a public presentation that the existence of retained loss is the main reason dividends cannot be distributed at present. This situation is typical for banks undergoing financial restructuring.

Future Prospects

Once the retained loss is cleared, Bank Neo Commerce plans to initiate dividend payments. This move is expected to enhance shareholder value and reflect the bank's improved financial health. The target to start dividend payments is set for two years from the current period, indicating a clear timeline for financial recovery and return to profitability.