24 March 2020

Bank BTPN gives positive contribution to the economy, as the bank records loan growth

Jakarta, 24 March 2020 – Along with the commitment to give positive contribution to the Indonesian economy, PT Bank BTPN Tbk managed to record good quality of loan growth throughout 2019. The loan growth was recorded at Rp 141.8 trillion, or grew 108% from 2018 (year-on-year/yoy).


President Director of Bank BTPN Ongki Wanadjati Dana said, amidst the challenging global economy, Bank BTPN has always maintained sound lending and prioritized prudential principles. This reflected in its non-performing loan (NPL) ratio of 0.8%.


The loan growth in 2019 was supported by Rp 75.7 trillion of corporate lending which grew by 15%. Bank BTPN channels its corporate loans through a number of syndications for energy and food security as well as infrastructure projects. Besides syndications, Bank BTPN also provides loans on bilateral basis to national private companies, stated-owned enterprises (SOE), automotive industry, to export/import companies.


For example, Bank BTPN along with its parent company, Sumitomo Mitsui Banking Corporation (SMBC) led a loan syndication of 18 global banking and financial institutions for PT Perkebunan Nusantara (PTPN) III last year, worth of US$ 390.6 million. Bank BTPN also participated in the project finance – a consortium of 12 national and foreign banks, for the Jambaran-Tiung Biru gas field project owned by PT Pertamina EP Cepu.


“Through the corporate lending and its supporting industries, we, together with our controlling shareholder (SMBC) are committed to supporting national program in creating equal prosperity and sustainable economic growth,” said Ongki. In addition to corporate lending, the bank’s loan growth is also supported by small and medium enterprises loans, and productive poor financing through the bank’s subsidiary, BTPN Syariah.


With the vision to become the most preferred bank in Indonesia that make a meaningful difference in the lives of millions, powered by digital technology, Bank BTPN continues to develop Jenius as a platform to serve wider customer segment as well as fulfill the needs of digital economy. Until the end of December 2019, the number of Jenius registered users has reached more than 2.4 million customers, grew 97.8% from the previous year.


“As a pioneer in digital banking, Jenius will continue to innovate in providing new unique and relevant features for its customers. We believe this platform will play an important role in the development of the bank’s retail business in the future,” Ongki continued.


To balance its loan growth, Bank BTPN raised funding of Rp 145.8 trillion in 2019, an increase of 81% from 2018. The amount included third party funds worth of Rp 86.9 trillion, bilateral loans of Rp 52.9 trillion and subordinated loans of Rp 6 trillion. From the total third party funds, Bank BTPN has increased its current account savings account (CASA) portion to 28% in 2019, higher than 13% in 2018.


Regarding liquidity adequacy, Bank BTPN had liquidity coverage ratio (LCR) at 219% and net stable funding ratio (NSFR) at 113%, far above the minimum regulatory requirement of 100%. For information, LCR is an instrument to calculate short-term liquidity, while NSFR is an instrument to calculate long-term liquidity.


As the end of December 2019, Bank BTPN’s assets were recorded at Rp 181.6 trillion, grew 79% on annual basis. Net profit after tax (NPAT) reached Rp 2.6 trillion, an increase of 40%. With the capital adequacy ratio (CAR) of 24.2%, Bank BTPN still has strong expansion capabilities. It should be noted that all of these achievements uses comparison between the bank’s condition after merger and before merger.


“With the dynamics of the economy, we are grateful with the results. This will be able to motivate us and become our capital to serve more millions of Indonesian people,” concluded Ongki.

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.