Several state-owned banks in Indonesia have postponed their Annual General Meetings (AGMs) for the 2024 fiscal year. According to disclosures on the Indonesia Stock Exchange (IDX), the changes affect major banks, including BRI, Bank Mandiri, BNI, and BTN.

Initially scheduled for March 11, 2025, BRI's AGM has been moved to March 24, 2025. The bank, which focuses on micro, small, and medium enterprise (MSME) lending, stated that shareholders eligible to attend and vote must be listed in the company’s shareholder register or have securities accounts at KSEI by February 27, 2025, at 5:00 PM WIB.

Similarly, Bank Mandiri rescheduled its AGM from March 12, 2025, to March 25, 2025. The agenda for the meeting will be announced through the KSEI website, IDX, and the company’s official website on March 3, 2025. Shareholders entitled to participate must be registered in the company’s records by February 28, 2025, at 4:00 PM WIB.

BNI also revised its AGM schedule. Initially planned for March 13, 2025, the meeting will now take place on March 26, 2025, at 10:00 AM WIB at the Menara BNI Ballroom, Jakarta. According to the IDX disclosure, shareholders eligible to attend must be recorded in the shareholder list or in KSEI’s electronic system by March 3, 2025, at 4:00 PM WIB.

With these adjustments, the complete revised AGM schedule for Indonesia’s state-owned banks is as follows:

• BRI: Monday, March 24, 2025
• Bank Mandiri: Tuesday, March 25, 2025
• BNI: Wednesday, March 26, 2025
• BTN: Wednesday, March 26, 2025

The reasons behind these changes were not explicitly stated in the disclosures, but AGM schedule adjustments are common in corporate governance. These meetings are crucial for discussing financial performance, distributing dividends, and making key strategic decisions. Investors and stakeholders will closely watch the outcomes, as they could influence the banking sector’s outlook in 2025.

SOURCE: CNBC INDONESIA | PHOTO: BISNIS

This article was created with AI assistance.