Banking Huge dividends

PT Bank West Java and Banten Tbk (BJBR) will distribute a dividend of USD 61.07 per share for fiscal year 2011. The number was up 5% over the previous year. Last year, the company posted a net profit of Rp 962.7 M or an increase of Rp 72.47 M compared to 2010 amounting to Rp 890.23 M. BJB still had funds worth Rp 181 M for expansion of office network and build information technology. The funds are sourced from the rest of the IPO shares. The Company will aggressively expand, including adding a new office network to attract deposits.