JAKARTA - The Board of Directors of  PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) or Bank Jatim has increased its ownership, with a total purchase of 1.43 million shares. The transaction took place from February 27 to March 3, 2025 at a price of IDR 460-IDR 474 per share.

Busrul Iman, President Director of Bank Jatim, one of them also bought 428,000 BJTM shares on February 28, 2025 at a price of IDR 460 per share.

Busrul emphasized that the purchase was intended as an investment while reflecting a sense of belonging and optimism about Bank Jatim's performance in 2025.

“We are optimistic that this year's business prospects are very good, and Bank Jatim will continue to support economic growth in various sectors,” Busrul said in his official statement, Monday (3/3).

The optimism of the Board of Directors of Bank Jatim is supported by several factors, one of which is the formation of the Bank Business Group (KUB) which has the potential to drive business growth. In addition, the momentum of dividend distribution also strengthens management confidence.

“Bank Jatim consistently distributes dividends with a payout ratio of around 58% and a dividend yield of 11%. This shows our contribution to improving the national economy,” said Busrul. (DK/KR/LM)