Its focus and consistency has positive impact on its performance
Jakarta, June 5, 2013 – To support the Bank's business expansion, particularly in providing access to financing for productive poor, micro and small enterprises (mass market) as wide as possible, BTPN is offering a Shelf Registry Bond II with a total value of Rp 4 trillion. As part of the Shelf Registry Bond II, BTPN is issuing Shelf Registry Bond II Phase I in 2013 with a maximum amount of Rp 1 trillion.
The Shelf Registry Bond II Phase I Bond will consist of 2 (two) series. Serie A is a three-year bond with a fixed interest rate ranging between 7.5% to 8.35% (per annum) and Serie B is for a five-year bond with a fixed interest rate ranging between 8% - 8.85% (p.a.).
In line with its vision to become the best mass market bank, making different in the lives of millions, all proceeds from this bond offering, net of issuance costs, will be used for business expansion which focuses on financing for productive poor, micro and small enterprises.
"The issuance of Shelf Regisitry Bond II is part of the Bank's strategy to secure long-term funding and to supplement its existing customer deposits so that BTPN can perform its intermediary role more optimally," said Arief Harris, Finance Director/CFO of the Bank.
Acting as underwriters for this issuance are PT Danareksa Securities, PT Indo Premier Securities and PT Standard Chartered Securities Indonesia, while the trustee is Bank Permata.
The Shelf Registry Bond II has obtained a National Long-term rating of AA-(idn) with a Stable Outlook from PT Fitch Ratings Indonesia. The rating reflects the Bank's ability to maintain its asset quality, improve its funding structure and sustain a strong financial performance.
Empowerment and solid performance
Consistent and focused on serving the needs of productive poor, micro and small enterprises, BTPN continues to record strong fianacial performance. As of March 31, 2013, total assets grew 29% (yoy) from Rp48. 5 trillion as of March 31, 2012 to Rp62. 7 trillion. Meanwhile, the Bank's net profit reached Rp573 billion in 1Q 2013, up 30% (yoy) compared to Rp439 billion for the same period in 2012.
Supported by such solid financial performance, public trust in the Bank also continues to increase, as reflected by the rise in the size of its customer deposits. Through BTPN Sinaya, as of March 31, 2013, the amount of customer deposits grew 25% (yoy) from Rp37.2 trillion as of March 31, 2012 to Rp46.6 trillion.
Meanwhile, the Bank's loans portfolio as of March 31, 2013 also grew by Rp 9 trillion (28% yoy) to Rp41.1 trillion. The significant increase in its loan portfolio is achieved by implementing prudent banking practice as reflected by its low net non-performing loan (NPL net) ratio of 0.4%.
BTPN believes that productive poor, micro and small enterprises do not merely need access to financing, but also to training and mentoring to increase their capacity for growth. The Bank with the support of its stakeholders and a strong capital adequacy ratio (CAR) of 22.8% as of March 31, 2013 is optimistic that it has sufficient room to for further growth.
Currently the Bank serves more than 1.8 million customers, through a network of offices that operate online real-time, spread across the archipelago from Aceh to Papua.