04 April 2011


Jakarta, 4 April 2011. Today, PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) held its Extraordinary General Meeting of Shareholders. The key decisions made in the meeting were the approval on the plan to undertake stock split and the appointment of a new director.

Jerry Ng, the President Director of BTPN announced, “We hope the stock split will increase stock liquidity and make BTPN’s shares more affordable for retail investors."

Based on the data of 31st January 2011, out of 31 public banks listed on the Indonesia Stock Exchange (BEI), BTPN was the only bank listed with the stock price of above Rp10,000 per share.

The EGM has approved a 5-for-1 stock split, which will reduce the nominal value of the shares from Rp 100 per share to Rp 20 per share and increase the number of shares issued and fully paid from 1,132,723,428 (one billion one hundred thirty two million seven hundred twenty three thousand four hundred twenty eight) shares with the nominal value of Rp 100 per share to 5,663,617,140 (five billion six hundred and sixty-three million six hundred and seventeen thousand one hundred and forty) shares with the nominal value of 20 per share.

In addition to the approval on stock split, the shareholders also decided to appoint Asep Nurdin Alfallah as a new member of the Board of Directors. "With the extensive capability and experience of more than 19 years in managing the pension business of BTPN, we believe having Asep Nurdin as a member of our Board of Directors will further strengthen the Bank's strong position in the pension market, which has been our main market for the last 50 years," explained Jerry.

Therefore, the current BTPN’s Board of Directors consists of:

President Director             :     Jerry Ng
Deputy President Director  :     Ongki Wanadjati Dana
Deputy President Director  :     Djemi Suhenda
Compliance Director          :     Anika Faisal
Director                           :     Mahdi Syahbuddin
Director                           :     Kharim Indra Gupta Siregar
Director                           :     Arief Harris Tandjung
Director                           :     Hadi Wibowo
Director                           :      Asep Nurdin Alfallah
"We hope that with the approval of these two agenda in the Extraordinary General Meeting of Shareholders, BTPN will continue to improve the performance sustainably,“ Jerry concluded.

Strong Financial Performance
As of 30 September 2010
BTPN’s strong commitment to develop its business by focusing on pensioner and MSE segments has driven up its performance significantly. As of 30 September 2010, BTPN booked loans growth of 58% (yoy), with total loans of Rp 21.8 trillion. Despite such significant loan growth, the Bank maintained good loans quality, as reflected by the low NPL (net) ratio of 0.39%.

Public’s trust in BTPN’s performance continued to increase as reflected by the growth of customer deposits which reached Rp 24.5 trillion or grew 47% (yoy). BTPN’s total assets as of 30 September 2010 were recorded at Rp 30.8 trillion or an increase of 60% (yoy). Meanwhile, its intermediary capability was proven as indicated by the high LDR of 89%.

High loan growth with well-maintained quality had led to higher net profit that reached Rp 577.5 billion as of 30 September 2010, or increased significantly by 117% (yoy). In term of capital adequacy, the Bank's CAR stood at 15.2%.


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.