Bank MAS held Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders Jakarta – PT Bank Multi Arta Sentosa Tbk ("Company") has held Annual General Meeting of Shareholders ("AGMS") and Extraordinary General Meeting of Shareholders ("EGMS") on Thursday, June 08, 2023. The AGMS has approved the entire meeting agenda as follows:
AGMS Agenda
1. Approval of the Annual Report and ratification of the Company's Financial Statements for the financial year ending on December 31, 2022, which has been audited by the Public Accounting Firm Gani Sigiro & Handayani (Grant Thornton Indonesia, a member of Grant Thornton International Ltd) as stated in the report, including but not limited to:
a. Report on the Implementation of Corporate Governance (GCG);
b. Board of Commissioners Supervisory Task Report for the 2022 Fiscal Year;
c. Release and Release of Responsibility (Volledig Acquit et Oecharge) to the Board of Directors for the actions of managing the company and the implementation of supervision carried out by the Board of Commissioners during the Financial Year ending December 31, 2022, so far as these actions are reflected in the Annual Report and Annual Financial Report.
2. Determination of the Use of the Company's Profit and/or Loss for the Financial Year Ending December 31, 2022, which is intended as follows:
a. There is no dividend distribution to strengthen capital in meeting the minimum core capital requirement of IDR 3 trillion;
b. Formation of Mandatory Reserve Fund;
c. Remaining profits for capital strengthening.
3. Report on the Realization of the Use of Proceeds from the Initial Public Offering.
4. Appointment and Appointment of a Public Accountant Firm and/or Public Accountant for 2023 by granting authority and power to the Board of Commissioners to appoint a Public Accountant Office following applicable rules and regulations based on the recommendation of the Audit Committee and authorizing the Board of Directors to determine the honorarium for the Public Accountant Office and/or Public Accountant includes doing everything related to the appointment of the Public Accountant Office and/or Public Accountant following the applicable provisions.
5. Determination of the amount of salary and/or honorarium, allowances, and/or bonuses for members of the Company's Board of Commissioners and Directors by granting authority to the Board of Commissioners to determine salaries and/or honorarium, allowances, and/or bonuses including but not limited to, among others, gratuities, gifts, benefits, insurance and allowances in any other form for members of the Board of Commissioners and members of the Board of Directors of the Company.
6. Changes in the Composition of the Company's Management. The appointment of Hendrik Tanojo as the Main Commissioner replaced the position of Mrs. Juwita Ekawati Winoto, who subsequently served as Commissioner. Thus, the composition of the members of the Company's Board of Commissioners and Directors who serve are as follows:
| Board of Commissioners | |
|---|---|
| President Commissioner | Hendrik Tanojo *) |
| Commissioner | Juwita Ekawati Winoto |
| Independent Commissioner | Tommy Mukdani |
| Independent Commissioner | Nancy Herawati |
*) Effective since Fit & Proper approval from OJK
| Directors | |
|---|---|
| President Director | Danny Hartono |
| Director | Budi Afandi Winoto |
| Director | Fely Retnowati |
| Director | Iwan Yuda Pramudhi |
| Director | Haryati Lawidjaja |
| Director | Rahmat Bagas Santoso |
EGMS Agenda
Changes to the Company's Articles of Association.
a. Amendments to Article 21 regarding the Duties, Authorities, and Responsibilities of the Board of Commissioners;
b. Amendment to Article 23 concerning Publication of Financial Statements.
2022 performance
Bank MAS can provide good financial performance and healthy growth in 2022. Bank MAS' performance managed to record an increase in profit of 43.19% or reaching IDR 304.60 billion, driven by an increase in net interest income which increased by 21.85%. In 2022 there was an exchange of 160,834,263 warrants worth IDR 562.92 billion, so Bank MAS has fulfilled the minimum core capital requirement of IDR 3 trillion by recording a core capital of IDR 3.39 trillion at the end of 2022.
Bank MAS can benefit from improved national economic growth in 2022 through growth in lending which reached 12.05%, namely to IDR 8.83 trillion from IDR 7.88 trillion in the previous year. Credit quality during 2022 remains a concern, where net NPL in 2022 will be maintained at around 1.05% and gross NPL at 3.09%.
By the end of 2022, the assets of Bank MAS have reached IDR 21.27 trillion, with deposit funds collected reaching IDR 17.50 trillion. With the development of digital banking, the number of customers has increased by 93.28% from 26,534 customers in 2021 to 51,285 customers in 2022, and the number of transactions through digital banking has increased by 32.11% or as many as 3.28 million transactions in 2022, from 2.48 million digital banking transactions in 2021.
Meanwhile, the Bank maintained capital adequacy (Capital Adequacy Ratio - CAR) at the end of 2022, reaching 28.52% above the level required by the Regulator. Meanwhile, the ROE ratio reached 10.84%, ROA 1.86%, and BOPO was 69.60%.
In 2023, Bank MAS will continue to innovate in the development of digital banking for loan and deposit products, as well as increase lending to support national economic growth, which continues to improve. With the increasing complexity of the Bank's business activities, the management structure of the company was also strengthened by increasing the number of commissioners for better supervision of business activities. In 2023 Bank MAS will also open several new branch offices as an effort to grow in a hybrid manner, both through digital banking and branch offices.