Bank BTPN

20 January 2014

BTPN EGM AGREES TO EQUITY PARTICIPATION IN BANK SAHABAT

Jakarta, 20 January 2014 - Consistent in encouraging financial access for the lower-income segment of society as well as for micro & small enterprises, including productive poor communities (mass market), PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) continues to develop its business by focusing on serving and empowering this segment of society.
One of the strategic measures being undertaken by BTPN is to develop its Shariah Business Unit (Unit Usaha Syariah or UUS) into a Sharia Commercial Bank (Bank Umum Syariah or BUS). As part of this plan, today (20/1) BTPN held an Extraordinary General Meeting of Shareholders (EGM) to request agreement from its shareholders for a 70% share takeover of PT Bank Sahabat Purba Danarta (Bank Sahabat), which will make BTPN as the majority and controlling shareholder of this company.

At the same time, shareholders also gave agreement for BTPN, after it becomes the controlling shareholder in Bank Sahabat (the name of which will be changed to PT Bank Tabungan Pensiunan Nasional Syariah/PT BTPN Syariah), to separate its current Shariah Business Unit (Unit Usaha Syariah) and merge it with Bank Sahabat, in regards to the approvals of the regulators. This will be done after Bank Sahabat is converted into a shariah bank which complies with the shariah banking principles.

“After this EGM, our next step is to wait for the regulators to issue approval for the conversion of Bank Sahabat into a shariah bank as well as permission for the spin off of BTPN’s Shariah Business Unit (UUS),” said Anika Faisal, Director of BTPN.

From the beginning of this equity participation plan, all parties have upheld and adhered to the prevailing norms and regulations. The management of BTPN as well as the shareholders of Bank Sahabat had gone through a series of intensive consultations and communications with the regulators.

BTPN’s Shariah Business Unit (UUS) is focused on serving and empowering women from underprivileged families. In offering its services, BTPN’s Shariah Business Unit (UUS) emphasizes two core components, namely female empowerment and integrated financial services for a brighter future.

“In line with its inclusive financial initiatives, BTPN has until now concentrated on developing a business model designed especially to fulfill the banking needs of the lower-income segment of society as well as for micro & small enterprises, including productive poor communities. Based on high-level data concerning the need of women from productive poor families to gain access to banking services, we have designed an innovative business model which is tailored to their needs,” said Anika.

Anika went on to explain that members of this segment not only require financial access, but also training and mentoring to increase their capacities so that they can develop and grow sustainable businesses. In a three year period, as of 30 September 2013, BTPN’s Shariah Business Unit (UUS) served 754 thousand female customers from productive poor families, with growth in financing of 188% reaching Rp 1.01 trillion. Meanwhile, the average loan was Rp 1.5 million per customer.

For further information please contact:

PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]

Bank BTPN in brief

PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive underprivileged communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving microbusinesses, BTPN Business Banking—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving productive underprivileged customers. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.

Bank BTPN in brief

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