Bank BTPN

26 March 2015

BTPN’S ANNUAL GENERAL MEETING (AGM) OF SHAREHOLDERS AGREES NOT TO DISTRIBUTE DIVIDENDS, REFLECTING THE SHAREHOLDERS STRONG COMMITMENT TOWARDS THE COMPANY

Jakarta, 26 March 2015 - The Annual General Meeting (AGM) of Shareholders of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) gave its approval to the Financial Report of 31 December 2014. The AGM also agreed not to pay dividends from the 2014 financial year to shareholders.

Beginning from 2008, this is the seventh year that BTPN has not paid dividends to shareholders. The decision of shareholders not to take any dividends reflects their commitment to BTPN's long-term sustainable growth.

“We are very grateful that our shareholders have decided to use 100% of BTPN's nett profit of Rp 1.85 trillion as unappropriated retained earnings. This reflects the strong commitment on the part of shareholders to support BTPN's future growth,” said Jerry Ng, President Director of BTPN.

As of December 31, 2014, BTPN's assets stood at Rp 75 trillion, an increase of 8% (year on year/yoy). Meanwhile, nett profit after tax (NPAT) in 2014 amounted to Rp 1.85 trillion.

In addition to agreeing not to pay dividends from the 2014 financial year to shareholders, the AGM also approved the addition of two members to the board of directors, namely Wolf Arno Kluge who previously served as Chief Risk Officer of BTPN, and Maya Kartika who previously served as Chief Human Capital Officer of BTPN.

BTPN also used the occasion to hold an Extraordinary General Meeting (EGM) of Shareholders, which approved amendments to and the restatement of all the Articles of Association of the Company in order to adapt to the rules of the Financial Services Authority. The EGM also approved an increase in the subscribed capital and paid-up capital of the Company without giving Preemptive Rights (PR) in the framework of the Management and Employee Stock Option Program (MESOP).

”In the future, BTPN will continue to develop banking services, along with empowerment programs, for the market segments that form the Bank's main focus, namely pensioners, Micro, Small, and Medium Enterprise (MSME) entrepreneurs, as well as productive poor communities,” Jerry concluded.

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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.

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