State-Owned Banks Distribute Interim Dividends, Boosting Danareksa's Revenue

Significant Dividend Payout

Two major state-owned banks, PT Bank Rakyat Indonesia (BBRI) and PT Bank Mandiri (BMRI), have announced the distribution of interim dividends to their shareholders. This move has significantly benefited Danareksa, with the state-owned investment company receiving a total of Rp 15.89 trillion in dividend payments ¹

BBRI's Dividend Contribution

The majority of the dividend payout came from BBRI, which contributed Rp 11.04 trillion. This was made possible by a dividend of Rp 137 per share, slightly higher than the previous year's Rp 135 per share. The total dividend distribution from BBRI amounted to approximately Rp 20.63 trillion, up from Rp 20.3 trillion in the previous year ²

Market Reaction

Interestingly, the dividend announcement and subsequent payout occurred during a period when BBRI's stock was experiencing a downward trend. On December 19, 2025, the stock closed at Rp 3,770, representing a 0.26% decline or 10 points compared to the previous trading day ²

Danareksa's Benefit

Danareksa, through PT Danareksa Asset Management, holds a significant stake in both banks. The company's substantial shareholding in BBRI, amounting to 80.6 billion shares, resulted in the considerable dividend receipt of Rp 11.04 trillion from BBRI alone ¹

Implications

This dividend distribution highlights the significant role of state-owned enterprises in Indonesia's financial sector. The large payout not only benefits Danareksa but also reflects the financial health of these major banking institutions.