PT Bank SMBC Indonesia (SMBC Indonesia), a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), has announced the new composition of the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) held on Tuesday, April 22, 2025. 

In addition to changes to the management structure, the AGMS also determined the distribution of cash dividends of Rp562.6 billion (US$35.5 million) to shareholders, or equivalent to Rp52.85 per share.

This dividend represents 20 percent of the company's total net profit for the financial year ending December 31, 2024, which was recorded at Rp2.8 trillion (US$177 million). This figure reflects an increase of 19 percent compared to the previous year.

On a consolidated basis, SMBC Indonesia recorded a total asset growth of 20 percent to Rp241.1 trillion (US$24.25 billion) by the end of 2024. The company affirmed its commitment to continue to provide a positive impact for shareholders and the wider community amidst the ongoing transformation process.

President Director of SMBC Indonesia, Henoch Munandar, appreciated the contribution of the previous board of directors and commissioners. He also said that this positive growth reflects the company's strong fundamentals and commitment to driving more meaningful growth for customers and the community.

"We hope this can be a good momentum for the transformation stage of the SMBC Indonesia brand," Henoch said.

In the AGMS, shareholders approved the appointment of several new names to the board of directors, including:

• Michellina Laksmi Triwardhany replaces Darmadi Sutanto as Deputy President Director,
• Jun Saito replaces Kaoru Furuya as Deputy President Director, and
• Yuki Terayama replaces Keishi Kobata as Director.