15 March 2014


Jakarta, 14 March 2014 – Sumitomo Mitsui Banking Corporation (SMBC) has completed the process of purchasing an additional 15.74% of stake in PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) today. With the completion of this transaction, SMBC increases its shareholding in BTPN to 40% from 24.26%.

With the conclusion of this transaction, BTPN now has two credible and trustworthy controlling shareholders, namely TPG Nusantara S.a.r.l and SMBC. Having these two controlling shareholders will bring positive impact on the performance of BTPN.

“BTPN’s management welcomes the completion of this transaction. It is one of significant phases in BTPN’s journey to contribute to financial industry growth in Indonesia. By becoming a controlling shareholder, SMBC will strengthen BTPN especially in our mission to empower millions of mass market in Indonesia,” said Jerry Ng, President Director of BTPN.

The management would also like to thank and convey its  appreciation to all regulators who were instrumental,  directly or indirectly, in granting approvals for this transaction. Since the beginning of this process, the shareholders coordinated closely with all relevant stakeholders to ensure full compliance to all prevailing regulations.

Jerry added that, in line with SMBC’s commitment, in the future BTPN will consistently continue and enhance its business focus and banking services for the mass market segment. However, with the support and synergy provided by SMBC, BTPN is looking forward to explore new business opportunities without abandoning its core business in the mass market segment.

“We expect with SMBC as a controlling shareholder, there will be of added value to expand our business because SMBC has vast expertise and experience which will drive BTPN to further advance and grow,” Jerry concluded.

For further information please contact:


PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]


Bank BTPN in brief

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 underprivileged 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 microbusinesses, BTPN Business Banking—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 productive underprivileged customers. 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.