Improving the significance of every Indonesian
Initially, the Bank was set up in Bandung, West Java, under the name Bank Pegawai Pensiunan Militer (Bapemil), and served retired military personnel.
Obtained license to become a commercial bank.
Changed its name into Bank Tabungan Pensiunan Nasional.
TPG Nusantara S.a.r.l., a subsidiary of US global private equity, TPG Capital, acquired a majority stake (71.6%) in BTPN through a public listing in the Indonesian Stock Exchange. BTPN became a publicly listed company and was a IDR 13.7 trillion bank in assets.
BTPN launched its micro - small business Mitra Usaha Rakyat by rolling out 539 branches and growing the unit’s loans to IDR 2.3 trillion in one year. The bank issued its first Rupiah long term bond, which carried an A+ national scale rating from Fitch Ratings, and received a long-term Rupiah facility from International Finance Corporation, a subsidiary of The World Bank.
BTPN increased its assets to IDR 34.5 trillion, compared to IDR 13.7 trillion two years ago. The Bank’s asset growth was funded in part by two long-term bonds issues totaling IDR 2.4 trillion and and a IDR 1.3 trillion right issue, increased its Capital Adequacy Ratio to 23.4%.The Bank ranked 10th among Indonesian banks according to market capitalization, ranked 5th in branch network and ranked 6th in the number of employees.
BTPN launched its Daya program as an integral part of its business as a sustainable and measurable mass market enablement program that empowers the mass market. BTPN successfully piloted its Sharia’s Community Banking Business (BTPN Syariah – Tunas Usaha Rakyat). The Funding Business launched its Sinaya brand, which links up with the Bank’s Daya initiative. BTPN expanded its ATM network with ATM Prima network, in addition to its existing ATM Bersama network. This brings its ATM linked network to more than 57,331 ATMs troughout Indonesia.
BTPN Syariah - Tunas Usaha Rakyat, grew significantly with 28,927 community centers in Banten, West and East Java by the end of the year, empowering over 444,000 customers in the grass-root community.
BTPN completed the piloting of its new mobile phone banking called BTPN Wow! to be rolled out in 2013.
The Bank’s Syariah - BTPN Tunas Usaha Rakyat financing more than doubled in size to about Rp1.4trillion and now accounts for about 3% of total loan. The sharia unit has 69,500 community groups (Sentra) across the country, empowering over 931,500 customers in village communities. BTPN acquired PT. Bank Sahabat Purba Danarta (Bank Sahabat) and will convert it into a sharia bank before spinning off its sharia unit into the newly acquired entity next year.
Sumitomo Mitsui Banking Corporation (SMBC) from Japan became 24.3% ownership in BTPN through the purchase of shares owned by TPG Nusantara S.à r.l. (TPG) and other shareholders.
Sumitomo Mitsui Banking Corporation (SMBC) of Japan has expanded its share ownership of BTPN to become the controlling shareholder with 40%. SMBC is Japan’s second largest bank in Japan by market value with some USD1.3 trillion in assets. This puts BTPN in a favorable position of not just having a strong shareholder, but also through them, having access to the regional and international financial markets whenever needed.
BTPN formally launched BTPN Wow! a digital mobile platform, which allows customers with a simple mobile phone to open a savings account with a simplified verification process, and do banking transactions, such as saving, withdrawal, money transfers, bill payments and apply for micro loans or micro insurance products. The goal is to have customers to do all their banking transactions through their handphone. It would be like having a bank in their hands. This would allow BTPN to expand its financial services to remote unbanked communities through a network of agents, which is a branchless banking "Laku Pandai" framework introduced by The Financial Services Authority (OJK).