Bank BTPN E-Banking & Banking Reinvented
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Jenius Banking Reinvented
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
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.