Bank BTPN E-Banking & Banking Reinvented
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Jenius Banking Reinvented
29 July 2021
Bank BTPN Reports Healthy Performance, Stability in January-June 2021
Jakarta, 28 July 2021 – PT Bank BTPN Tbk (“Bank BTPN”) reported good performance and healthy growth during the first half of 2021 amid challenges stemming from sluggish economy and the worldwide pandemic that remained posing uncertainty.
A number of indicators give a glance of Bank BTPN’s performance throughout the period. Net interest income and other operating income grew, prompting Bank BTPN’s net profit to rise 47% year-on-year (yoy) in the first half of 2021.
Net interest income rose 4% yoy to Rp5.59 trillion in the first six months of 2021, compared with Rp5.37 trillion a year ago. Other operating income increased by 5% yoy to Rp960 billion from Rp931 billion, in part thanks to higher fee-based income. Bank BTPN also managed to maintain efficiency, which in turn resulted in relatively stable operating expenses.
Net profit after tax attributable to the parent company picked up to Rp1.64 trillion in the first six months of 2021, from Rp1.12 trillion in the same period last year.
“Bank BTPN’s achievement in net profit in the first half of 2021 is something that we should be grateful for. This is the result of agile and adaptive business strategies that we have designed to always adjust ourselves to challenges during the pandemic, which still remains. We also see growing optimism towards economic recovery as more public members are receiving vaccine shots,” said President Director Ongki Wanadjati Dana.
Bank BTPN attributed the growth in net interest income partly to interest expense that fell 40% yoy to Rp1.88 trillion in the first six months of 2021, which was in line with the downtrend in Bank Indonesia’s benchmark rate.
A drop in interest expense was also reflected on higher balance and ratio of Current Account Saving Account (CASA). Bank BTPN’s CASA, or cheap funding source, was Rp28.29 trillion at the end of June 2021, up 4% yoy from Rp27.23 trillion, while the bank’s time deposits declined 8% yoy to around Rp68.36 trillion.
Bank BTPN’s CASA ratio consequently rose to 29.3% at June-end 2021, compared with 26.9% in the corresponding period last year. In total, third-party deposits dropped to 5% yoy to Rp96.64 trillion from Rp101.40 trillion.
The drop in third-party deposits corresponded to Bank BTPN’s efforts to meet funding needs. With credit demand remaining soft because of the pandemic, Bank BTPN’s outstanding loans totaled Rp135.57 trillion at the end of June 2021, down 10% yoy.
Bank BTPN managed to maintain credit quality in good shape, with gross non-performing loan ratio standing at 1.46%, a relatively low figure when compared with an average of 3.35% recorded for the whole banking industry at May-end 2021.
Bank BTPN also maintained its liquidity and funding ratios at healthy levels. Liquidity coverage ratio was 237.8% and net stable funding ratio was 116.1% on 30 June 2021. Bank BTPN reported a 5% yoy fall in assets to Rp175.93 trillion from Rp185.19 trillion, and recorded capital adequacy ratio at 27.4%.
As one of the pioneers in digital banking services in Indonesia, Bank BTPN is determined to continuing enhancing Jenius, a life finance solution application for digital-savvy users, amid challenges in the COVID-19 pandemic. The number of Jenius users rose 22% to more than 3.3 million, while third-party deposits in Jenius surged by 44% yoy to Rp15.4 trillion at the end of June 2021.
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.