23 April 2020

Bank BTPN Decides Not to Distribute Dividend to Support Growth

Jakarta, 23 April 2020 – The Annual General Meeting of Shareholders (AGMS) of PT Bank BTPN Tbk has given the approval for the bank’s financial statements of the 2019 fiscal year. In 2019, Bank BTPN managed to record good quality of loan growth. The loan was recorded at Rp 141.8 trillion, or grew 108% from 2018 (year on year/yoy).


Bank BTPN has always maintained sound lending and prioritized prudential principles. This is reflected in  its non-performing loan (NPL) ratio of 0.8%.


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. Of 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.


After the merger, Bank BTPN has a larger and stronger capital to support its customers’ needs for loans, as well as support national economic growth. The bank’s capital adequacy ratio (CAR) reached 24.2% at the end of 2019.


Bank BTPN’s assets recorded Rp 181.6 trillion, grew 79% on annual basis. Net profit after tax (NPAT) reached Rp 2.6 trillion, an increase of 40%. It should be noted that all of these achievements use comparisons between the bank’s condition after merger and before merger.


The AGMS also decided not to distribute dividend to shareholders. “We appreciate our shareholders who have decided to use the net profit as a mandatory reserve and retained earnings. This shows our shareholders’ commitment to support the bank’s business growth and development plan in the future,” said President Director of Bank BTPN Ongki Wanadjati Dana.


Amidst the challenging situation, the shareholders’ decision not to take dividends reflects their commitment to the bank’s sustainable growth. It is in line with the bank’s plan to support equal welfare and sustainable economic growth through various business segments, from the productive poor communities, retail business, to corporations.


“Being part of the Sumitomo Mitsui Banking Corporation (SMBC) group, which is one of the largest and leading financial institutions in the world, Bank BTPN is committed to support economic growth in Indonesia with a focus on becoming a large and strong universal bank,” said Ongki.


The AGMS also approved the resignation of Mari Elka Pangestu as the president commissioner, the position which she had held since April 2016. The position will be remained vacant until the next extraordinary general meeting of shareholders (EGMS).


Mari Elka Pangestu was appointed as Managing Director of Development Policy and Partnerships of World Bank effective from 1 March 2020. “We are all proud that one of the nation’s best people, who is part of Bank BTPN, is now entrusted with this task. On behalf of the management and all employees, I would like to congratulate her on the new role and express gratitude for her contribution to Bank BTPN,” said 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.