Bank BTPN E-Banking & Banking Reinvented
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Jenius Banking Reinvented
26 August 2020
Bank BTPN Books Healthy 5% Loan Growth in H1-2020 amid Pandemic
JAKARTA, 26 August 2020 – PT Bank BTPN Tbk (Bank BTPN) managed to keep its loans growing in the first half of 2020 from a year ago, amid the novel coronavirus pandemic.
The Bank disbursed about Rp 150.5 trillion of loans as of the end of June, 5% higher from Rp 143.4 trillion booked in the same period last year.
Bank BTPN’s credit growth was much higher than 1.49% growth booked at June-end for the entire banking industry.
Bank BTPN remained prudent and selective in disbursing loans to ensure it yielded quality growth and its fundamentals stayed in good shape, while at the same time it catered to customers’ needs during this time of hardship.
The corporate segment--which provides long-term financing for, among others, energy security, food security and infrastructure projects-- was the main driver to the Bank’s credit growth during the period and has become Bank BTPN’s commitment to sustainable economic growth in Indonesia.
The Bank also managed to maintain customers’ trust, as shown in its third-party deposits that increased by 4% to Rp 101.4 trillion as of June 30, 2020, from Rp 97.9 trillion in the corresponding period last year, despite lower deposit rates as a result of a downtrend in Bank Indonesia’s policy rate.
With a Capital Adequacy Ratio (CAR) of 23.09% as of the end of June this year, the Bank proved to have a solid capital structure. It was higher than 22.05% recorded for the industry.
“We are grateful because Bank BTPN is able to weather challenges and remain resilient during this hard time by maintaining healthy credit portfolios so that that the impact of the pandemic can be minimized," said Bank BTPN President Director Ongki Wanadjati Dana.
"The relatively good performance in the first half of 2020 made us even more motivated to better serve millions of Indonesians," he said.
In a bid to help customers stay afloat during the pandemic, the Bank restructured Rp 10.2 trillion worth of loans, or around 6.7% of the total portfolios.
The Bank, while also felt the pinch of the pandemic, managed to limit the fall of its net profit.
As of June 30, 2020, Bank BTPN’s net profit dropped 10% year-on-year to Rp 1.12 trillion, largely due to a 63% year-on-year increase in cost of credit.
Gross non-performing loan ratio increased to 1.12%, compared to 0.81% of June last year. This figure, however, was still relatively low compared with 3.11% reported for the banking industry at the end of June this year.
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.
With the vision to be the first choice bank in Indonesia that gives significant change in the life of millions of people through digital technology, Bank BTPN consistently develops Jenius as a platform to serve a wider customer segment. By the end of June 2020, Jenius recorded 2.7 million registered users, a 65% increase from a year before.
"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 develop this platform to support the retail banking business of Bank BTPN," said 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.