25 November 2010


Proceeds to Strengthen Capital Structure

Jakarta, 25 November 2010. Today, PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) held its Extraordinary General Meeting of Shareholders (EGM). The EGM made an important decision by approving the bank's plan to conduct its first rights issue . BTPN will issue new shares by releasing them from the bank’s capital stock. 
Jerry Ng, BTPN’s President Director said, “BTPN’s current capital adequacy ratio (CAR) is standing well at the level of 15.2%. Taking into account its significant business growth both at present and in the future, BTPN has decided to undertake this rights issue as part of a long-term strategic plan. This strategy will increase as well as strengthen BTPN’s capital structure so that the Bank can optimize its intermediary function." 

Jerry added that this corporate action also reflects the shareholders’ commitment and consistent support in strengthening the Bank's future business growth. 
Along with the approval of this corporate action, the shareholders also approved to increase the issued and paid up capital to Rp 113.27 billion from the previous Rp 94.39 billion, or an increase of Rp 18.87 billion. 
Furthermore, Jerry announced that the shareholders also approved that the new shares to be offered in the rights issue would be offered at Rp 7,000 per share. The company is planning to issue, in this offering, a total of 188,787,238 shares for that price, so that the total proceeds are expected to be Rp 1.32 trillion. 
"After deducting issuance costs, all proceeds from the rights issue will be used to strengthen the capital in order to support business growth through loans expansion," Jerry continued. 
The 188,787,238 new shares from the rights issue will be offered to the existing shareholders using 5:1 ratio. This means that every 5 (five) BTPN shares registered in the Shareholders List is entitled to 1 (one) new share taken from the capital stock. 
The rights issue shares will be traded on the Indonesia Stock Exchange for 6 (six) business days, from 10 to 17 December 2010. PT CIMB Securities Indonesia and PT Danareka Securities (Persero) will act as the standby buyers. In this capacity, CIMB Securities and Danareksa will purchase any remaining stock unsubscribed by the shareholders at the same price of Rp 7,000 per share. 
Strong Financial Performance 
As of 30 September 2010 
BTPN’s strong commitment to develop the business in 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 ratio of 0.39%. 

Public’s trust to BTPN’s performance in continue to increase as reflected by the growth of customer deposits that had 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, the intermediary capability was proven as indicated by the 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.