23 November 2010


Jakarta, 22 November 2010. Following the successful bond issuances of BTPN I in 2009 and BTPN II in May 2010, PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) will soon proceed with its third bond issuance for a total amount of Rp 750 billion. "The issuance of BTPN III Bond is part of the Bank's strategic plan to raise long-term fund in order to support the bank’s third party funds, as well as to optimize its intermediary function," explained Jerry Ng, BTPN’s President Director. Jerry also remarked that the decision to issue BTPN III Bond is also supported by the success of BTPN I and II bond issuances. 

The issuance of BTPN III Bond has received a National Long-term Rating of AA- (idn) with stable outlook from Fitch Ratings. "Fitch Ratings has affirmed AA- (idn) rating for BTPN bond issuance. This rating reflects the Bank's capability in maintaining the company's asset quality, improvement in capital structure, and strong performance," Jerry added. 

The structure of BTPN III Bond to be offered will consist of 2 (two) series: Series A with a 3-year tenor and fixed coupon rate of 8.250% - 9.000% (p.a.) and Series B with a 5-year tenor and fixed coupon rate of 8.625% - 9.375% (p.a.). PT CIMB Securities Indonesia, PT Danareksa Sekuritas and PT Indo Premier Securities are the underwriters of this issuance. 
The proceeds of this issuance will be used to support the Bank's business expansion, especially in order to open up further financing access for the customers of BTPN’s core businesses: pensioners and MSEs. The entire proceeds, net of issuance costs, will be used to finance business growth by means of credit expansion. "We hope this bond issuance will present an attractive investment alternative for investors and at the same time as an alternative long-term funding for  BTPN," Jerry concluded. 
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.