19 October 2018

BTPN’s profit grows by 19% as bank is more efficient

JAKARTA, Oct. 19, 2018 – PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) has recorded a positive growth performance as it has operated more efficient. The 2018 third quarter net profit has increased, triggered by lending, lower the cost of funds and the operational costs.

Lending until the end of September 2018 has reached Rp 67.8 trillion, or 3% higher than the same period in 2017 (year-on-year/yoy) from Rp 65.8 trillion. While the total funding has grown by 3% from Rp 74.9 trillion to Rp 77.6 trillion in the same period. The balanced credit raise with the funding growth has lowered the interest by 4% to Rp 3.3 trillion. Even though the interest from lending remained the same but the net interest income has increased by 2% into Rp 7.3 trillion.

“This year is a very challenging period. The economic ups and downs due to internal and external factors have also influenced banking business. Besides, since early this year we have focused on the consolidation on the merger with the Bank   Sumitomo   Mitsui   Indonesia   (SMBCI). We feel grateful we have gone through that while at the same time still performed positively,” said BTPN CEO Jerry Ng.

Although the funding growth has been synchronized with the intermediation function, BTPN liquidity is maintained well. The loan to funding ratio (LFR) is at 87% and if equity is included the liquidity ratio is at 71%.
The capital adequacy ratio (CAR) is at 25% and the non performing loan (NPL) is at 1.22%.
“Various financial indicators show that we are not just a healthy and strong bank but we will also grow better in the future,” Jerry said.

Meanwhile, the operational cost is lower thanks to the optimizing of the digital platform. Digital technology transformation and innovation which were developed since 2015 has made BTPN more efficient and more competitive. “We don’t only create new digital-based products and services. We also make digitalization in existing business, changing the customer service concept from bank-centric into customer-centric. Now, BTPN is more integrated and focused in fulfilling the customers’ needs quicker, easier and saver,” Jerry said.

The digital transformation and innovation has successfully lowered the business as usual cost by 16% from Rp 3.03 trillion in the first nine months of 2017 into Rp 2.55 trillion in the same period in 2018. The lower cost of funds and lower operational cost have brought a positive impact to the bank’s net operating income which grew by 18% to Rp 4 trillion.
“All of these factors have brought positive impacts to the company’s profitability.  BTPN’s net profit after tax (NPAT) in the 2018 third quarter has grown by 19% to Rp 1.62 trillion (yoy),” Jerry concluded.


For further information please contact:

PT Bank BTPN Tbk
Andrie Darusman – Daya & Corporate Communications Head
Telp: 021-30026200
Email: andrie.darusman@btpn.com or corporate.communications@btpn.com


Bank BTPN in brief

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). Bank BTPN is focusing to serve the mass market segment comprising of retirees, micro-, small- and medium-enterprises (MSME) and mass market; the consuming class segment; and corporate segment. The business focuses are supported by Bank BTPN business units including BTPN Sinaya– a financing business unit, BTPN Purna Bakti– a business unit focusing to serve retirees, BTPN Mitra Usaha Rakyat– a business unit focusing on micro businesses, BTPN Mitra Bisnis– a business unit focusing on serving small and medium enterprises, BTPN Wow!– a financial inclusiveness focusing on the unbanked segment, Jenius– a digital banking platform serving the consuming class segment, and corporate business unit which focuses on serving national, multinational and Japanese companies. BTPN also has a subsidiary namely theBTPN Syariahwhich focuses on serving customers from the mass market. Through the Daya Program, which is a sustainable and measurable empowerment program for the mass market, Bank BTPN regularly gives training and information to improve the customers’ capacity so they can grow and have a chance to live better.