BTPN Consistently Records Excellent Performance
Lending Grew by 64%
Jakarta, July 21, 2010. PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) has announced its consistently excellent performance. For the first half of 2010, the Bank recorded loan growth of 64%, bringing total loans to Rp 19.7 trillion. Despite the significant growth in lending, the Bank still safely guarded its credit quality, as reflected by Non Performing Loan (NPL) ratio that was kept at the lowest level of 0.26%.
The consistent improvement of performance is reflected in the Bank's sound balance sheet. As of the first half of 2010, the third-party funds (TPF) totaled Rp 22.4 trillion, or increased by 40% compared to the first half of 2009 that was recorded at Rp 15.9 trillion. The excellent TPF growth was also complemented by the successful issuance of BTPN II bonds in May 2010 that enjoyed the national long-term rating of AA-(idn) with a possibility of Stable rating from Fitch Ratings. The value of this issuance reached Rp 1.3 trillion, higher than Rp 750 billion as originally planned. This reflects the strong public trust on the Bank's performance.
The jump in lending growth that was supported by high TPF growth has significantly increased the Bank's assets. BTPN's total assets as of 30th June 2010 stood at Rp 28.0 trillion or increased 54% compared to same period in the previous year of Rp 18.2 trillion. BTPN's loan growth also increased its intermediary capability, as shown by the Loan to Deposit Ratio (LDR) of 88%.
"We believe BTPN will be able to maintain consistently excellent performance, especially with Indonesian economy following positive outlook. The unique strategy employed in our business by combining business and social mission expressed as "Do Good Do Well" that focuses on pension and micro & small enterprises (MSEs) markets will be the solid foundation for BTPN to keep growing," Jerry explained.
Jerry added, "Do Good Do Well" is manifested through various programs that aim at providing pensioners and micro & small businesses the opportunities to grow both financially and capacity-wise. The Pension Health & Wellness Program (Program Pensiun Sehat & Sejahtera - PSS) with its three pillars: Information Center, Consultancy Program and Business Opportunities, provides opportunities for pensioners to have all the elements of being healthy and well. By far, PSS at 93 BTPN offices have benefited more than 261,000 pensioners. Meanwhile, the Capacity to Grow (C2G) presents the opportunities to micro & small scale businesses to upgrade their capability in managing their businesses through the three pillars that comprise information, training, and new business opportunities. As of 30th June 2010, btpn | mitra usaha rakyat had conducted 3,150 sessions of simple financial management training for more than 41,000 micro & small business participants.
Soaring lending growth with good quality maintenance has also generated higher net interest income for the Bank. As of the end of the first half of 2010, the Bank's net interest income reached a total of Rp 1.68 trillion, or an increase of 118% compared to that of 30th June 2009 of Rp 771.9 billion, while operating profit was recorded at Rp 479.6 billion, or increased by 133% compared to the same period of the previous year. Net income for the first half of this year reached Rp 345.3 billion, or a significant 146% increase from the same period of the previous year of Rp 140.6 billion.
Jerry also remarked that having solid capital ratios, BTPN still had the space for more growth. As of 30th June 2010, the Bank 's capital adequacy ratio (CAR) stood at 16.5%, far beyond the 8% limit stipulated by Bank Indonesia.
BTPN presently serves more than 750,000 customers from the online, realtime network of more than 1,000 offices - the rapid growth achieved in less than two years.
For its consistent excellent performance, BTPN has managed to maintain the recognition and awards it has won from credible independent parties i.e. Investor Magazine's "The Best Issuer of 2010" (May 2010) and "The Best Bank of 2010" (June 2010); "Asian Banking Finance and Informatic ( ABFI) Banking Award" of Perbanas (July 2010); Infobank's "Infobank Award 2010", "Platinum Trophy Award 2010" - a special recognition for its excellent performance in 10 consecutive years, and "The First Rank of Listed Banks".