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.