Jakarta – PT Bank Multiarta Sentosa Tbk held an Annual General Meeting of Shareholders (“AGMS”) and an Extraordinary General Meeting of Shareholders (“EGMS”) on Wednesday, May 28, 2025. The AGMS and EGMS have approved all the following meeting agenda items:
EGMS Agenda Items
1. Amendments to the Company's Articles of Association regarding changes to the term of office of the Commissioners.
2. Amendments and/or reappointment of members of the Board of Directors and/or Board of Commissioners of the Company. Proposing to appoint Mr. Iwan Nataliputra as the Company's Independent Commissioner to replace Mr. Tommy Mukdani. Thus, the composition of the Company's Board of Commissioners and Board of Directors who are in office is as follows
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Composition of the Board of Commissioners
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| President Commissioner | Hendrik Tanojo |
| Commissioner | Juwita Ekawati Winoto |
| Independent Commissioner | Nancy Herawati |
| Independent Commissioner | Iwan Nataliputra*) |
*) Effective since the Fit & Proper approval from OJK
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Composition of the Board of Directors
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|---|---|
| President Director | Ho Danny Hartono |
| Director | Budi Afandi Winoto |
| Director | Fely Retnowati |
| Director | Rahmat Bagas Santoso |
| Director | Budi Setiawan |
| Director | Edwin Ariono |
AGMS Agenda
- Approval of the Annual Report and Ratification of the Company's Financial Statements for the financial year ending December 31, 2024, which has been audited by the Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono, Retno Palilingan & Rekan (a member of PKF International Ltd) as stated in the annual report, including but not limited to on:
- Report on the Implementation of Corporate Governance (GCG);
- Report on the Supervisory Duties of the Company's Board of Commissioners for the 2024 Financial Year;
- Release and Release of Liability (Volledig Acquit et Discharge) to the Company's Board of Directors for the Company's management actions and implementation of supervision carried out by the Company's Board of Commissioners for the financial year ending on December 31, 2024, to the extent that such actions are reflected in the Annual Report and Annual Financial Statements.
- Determination of the Use of the Company's Profit and/or Loss for the Financial Year Ending on December 31, 2024, which is allocated as follows:
- Distribution of cash dividends totaling Rp32,246,247,549.00;
- Establishment of Mandatory Reserve Fund;
- Remaining profit for capital strengthening.
- Determination and Appointment of Public Accountants and/or Public Accounting Firms for the 2025 Financial Year by granting authority and power to the Company's Board of Commissioners to appoint Public Accounting Firms by applicable provisions and regulations based on recommendations from the Audit Committee and granting authority to the Company's Board of Directors to determine the honorarium for the Public Accounting Firm and/or Public Accountant, including to do everything related to the appointment of the Public Accounting Firm and Public Accountant by applicable provisions.
- Determination of the amount of salary and/or Honorarium, Allowances, and/or Bonuses for members of the Company's Board of Commissioners and Board of Directors by granting authority to the Company's Board of Commissioners to determine the salary and/or honorarium, allowances and/or bonuses including but not limited to gratuities, gifts, benefits, insurance and other allowances in any form for members of the Company's Board of Commissioners and Board of Directors.
- Approval of the Company's Recovery Plan Report.
Bank MAS Performance 2024
Bank MAS showed good financial performance throughout 2024. Bank MAS managed to post a net profit of IDR 214.69 billion, and its total assets reached IDR 28.89 trillion or grew by 5.49% from IDR 27.39 trillion in 2023. The national economic recovery in 2024 was optimally utilized by Bank MAS, which was reflected in the growth in credit distribution of 23.62%, reaching IDR 11.98 trillion from IDR 9.70 trillion in 2023.
Until the end of 2024, third-party funds that were successfully collected reached IDR 24.55 trillion or grew by 6.01% from IDR 23.16 trillion in 2023. The growth in third-party funds was supported by savings growth of 47.28%, reaching IDR 2.25 trillion; deposits grew by 3.23%, reaching IDR 16.62 trillion, and current accounts grew by 2.73% to Rp 5.68 trillion.
Faced with the dynamics of a growing financial industry, Bank MAS continues to innovate, including through the development of mobile banking applications. Bank MAS has launched the "BEBAS" application, the second version of mobile banking. In addition, Bank MAS will continue to strengthen credit distribution through digital channels to support the growth of the MSME sector.
Digital transformation is increasingly having a positive impact, as seen from the growth in the number of customers by 30.13%, from 86,979 customers in 2023 to 113,183 customers in 2024 by utilizing online account opening. In addition, the number of transactions through digital banking channels also jumped by 49.46%, from 8.24 million transactions in the previous year to 12.32 million in 2024.
Bank MAS grows in a hybrid manner by transforming towards digital and continues to expand its business by opening new office networks in business centers in Indonesia. After opening an office network in Bali in early 2024, Bank MAS also opened offices in Karawang, Kediri, and Samarinda in the same year.