29 July 2020

Bank BTPN Fundamentals Have Been Maintained Well Throughout Quarter II-2020

Jakarta, 29 July 2020 – Amidst the challenging situation as a result of the COVID-19 pandemic, PT Bank BTPN Tbk (Bank BTPN) managed to maintain the fundamentals well. The bank’s capital, funding and liquidity ratios have remained healthy, whereas credit growth in the second quarter of 2020 reached Rp 150.5 trillion or grew 5% year-on-year compared to the position at the end of June 2019.

Credit disbursements were carried out by prioritizing the principle of prudence in order to be able to yield quality growth. Credit growth was driven by financing in the corporate segment which grew 18% from Rp 75.2 trillion year-on-year to Rp 88.6 trillion at the end of June 2020. The corporate segment financing is a long-term one; among others for energy security, food security and infrastructure projects, which has become Bank BTPN’s commitment for the sustainable growth of the Indonesian economy.

Bank BTPN’s liquidity has been maintained well due to the increase in Third Party Deposit to Rp 101.4 trillion by the end of June 2020, or up by 4% from the same period last year. The increase was supported by a raise in the number of deposits although in the second quarter of 2020, the deposit interest rate decreased in line with the declining in the central bank’s benchmark interest rate. The increase in deposits occurred in the midst of lower interest rates, reflecting the customers’ trust in the Bank. Loan to Deposit Ratio (LDR) was 148.4% at the end of June 2020. With a Capital Adequacy Ratio (CAR) of 23.09% where core capital represents 79% of the Bank’s total capital, the Bank has a solid capital structure.

“We are grateful because in the midst of a challenging situation like this, Bank BTPN is able to maintain the bank’s fundamentals well with a healthy credit portfolio so that the impact of the pandemic can be minimized," said President Director of Bank BTPN, Ongki Wanadjati Dana.

With the vision to be the first choice bank in Indonesia which gives significant change in the life of millions of people with the support of digital technology, Bank BTPN consistently develops Jenius as a platform to serve a wider customer segment. By the end of June 2020, Jenius registered users have reached 2.7 million customers or grew 65% from the previous year.   

“The COVID-19 pandemic made us realize that digital banking services have become increasingly important in our daily lives. Going forward, we have become more confident to continuously developing this platform to support the retail banking business of Bank BTPN, "said Ongki.

Regarding its portfolio which has been directly affected by the pandemic, Bank BTPN has taken some  restructuring measures. By the end of June 2020, total loans approved for restructuring were Rp 4.1 trillion or around 3% of the total loan portfolio.

As of June 2020, the Bank posted a net profit after tax of Rp 1.12 trillion or decreased by 9% year on year. The decline was contributed by a decrease in interest income and an increase in cost of credit by 63%.

Gross non-performing loan ratio increased to 1.12%, compared to 0.81% of June last year. This figure was still relatively low compared to the NPL of the banking industry which in April 2020 was recorded at 2.89 %.

The Bank's liquidity conditions which are reflected in liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) are far above the regulatory provisions (100%). The Bank’s LCR was 221.96% while NSFR was 116, 56% by end of June 2020.

Bank BTPN is committed to supporting its customers in facing the negative impact of COVID-19, and always implementing health protocols to protect Bank BTPN’s employees and customers. In addition, the Bank's commitment to make investments in order to support long-term business growth will also continue.

"The relatively good performance in the first half of 2020 made us even more motivated to better serve millions of Indonesians," 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.