Bank BTPN E-Banking & Banking Reinvented
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Jenius Banking Reinvented
24 October 2019
Bank BTPN records positive performance, with growing credit
Jakarta, October 24, 2019 – PT Bank BTPN Tbk has recorded a positive post-merger with PT Bank Sumitomo Mitsui Indonesia (SMBCI) performance, having a comprehensive business and serving various customers segments. This is reflected in a quality credit growth.
Up to Quarter 3-2019, Bank BTPN has lent Rp 140.6 trillion, or increased by 107% from the same period in the previous year of Rp 67.8 trillion. With a good growth, Bank BTPN has consistently kept the quality lending and emphasize on cautionary principle, as reflected on the non-performing loan (NPL) at 0.8% (gross).
Bank BTPN CEO Ongki Wanadjati Dana explained that credit until Q3-2019 was mostly supported from corporate financing, small- and medium-enterprises credit, consumer funding as well as financing the productive poor segment through its subsidiary of BTPN Syariah. “Our focus is to serve a wider customer segment from our existing business, and has resulted in a good credit growth. We are grateful with this achievement considering that the company is still in a post-merger consolidation phase,” he said.
For the corporate segment, Bank BTPN has been financing through syndication for infrastructure projects or bilateral loans to national private companies, State-Owned Enterprises, automotive industries and export import companies. “The financing in the corporate segments and supportive industries still have a potential room for growth. We have a strong commitment to expand this segment, in line with our majority shareholder’s agenda (Sumitomo Mitsui Banking Corporation/SMBC) in supporting the government to fulfill the goal of equal welfare and continuous economic growth,” he said.
Apart from expansion to corporate segment and supporting industries, Bank BTPN also consistently develops Jenius as a platform to serve a wider segment of customers as well as fulfilling the need of digital economy segment. This year, Jenius has presented unique features to manage life finance for its users including the Jenius Keyboard which enable users to access Jenius easier and faster through smartphone keyboard; foreign exchange saving with optional currencies of US dollar (USD), Singapore dollar (SGD), Japanese yen (JPY), and British poundsterling (GBP), and also Flexi Cash, a lending scheme that can be withdrawn by customers anytime according to their needs.
By the end of September 2019, the registered Jenius users have reached more than 2 million customers, grew by 148% from the same period last year. “As a pioneer in digital banking, Jenius will keep innovating in presenting new features which are unique and relevant to the customers’ needs. We will maintain our consistency because we believe this platform will play an important role in expanding Bank BTPN retail business in the future,” Ongki said.
To balance the credit growth, Bank BTPN has raised funds of Rp 145.7 trillion until Q3-2019, an increase by 88% from the same period last year. The fund comprises of third-party fund Rp 98.3 trillion, lending Rp 41.2 trillion and subordinate lend Rp 6.2 trillion.
With the realization of the credit and financing, Bank BTPN loan to funding ratio (LFR) reached 95.6%. To diversify the source of funding, Bank BTPN has planned to issue bonds through sustainable public offering in the first phase in 2019 with a target of Rp 1 trillion. The fund raised through this bond will be used solely to expand credit.
Until the end of September 2019, Bank BTPN asset has grown by 86% into Rp 182.2 trillion (year on year/yoy) with the capital adequacy ratio (CAR) at 24,4%. Whereas the Net Profit After Tax (NPAT) increased by 20% to Rp 1.9 trillion. “With strong capital and global support from SMBC, we believe this achievement will motivate us to contribute more for the economy and national development,” Ongki concluded.
For further information please contact:
PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]
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, pre-prosperous 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 micro businesses, BTPN SME—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 customers from the mass market. 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.