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 – 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.