23 April 2010


BTPN Records Performance Growth 
Lending Grows 61%, TPF Grows 45%, Profit Grows 165%!

Jakarta, 22 April 2010. PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) has recorded significant increase in performance for the first quarter of 2010. "The improved performance is the fruit of our investment in business and infrastructure made throughout 2009," announced Jerry Ng, the Bank's President Director. BTPN maintains a unique strategy by focusing on mass market segmentation of pensioners and Micro & Small Enterprises (MSEs). "By empowering these two business segments, BTPN has successfully recorded consistent performance growth," Jerry continued.

As of 31st March 2010, BTPN recorded total loans of Rp 17.7 trillion or an increase of 61% over Rp 11.0 trillion of the same period last year. Although lending increased significantly, the Bank never compromised the prudential principles in risk management and managed to maintain low Non Performing Loans (NPLs) ratios: 0.64% for NPL Gross and 0.06% for NPL Net.

To keep up with such loan growth, the third-party funds (TPF) also soared to Rp 20.2 trillion as of the end of March 2010, representing an increase of 45% over Rp 13.9 trillion of the same period last year. Complementing the impressive TPF growth, BTPN will repeat its success of BTPN I Bonds and in obtaining long-term financing facilities of USD70 million from IFC last year by issuing BTPN II Bonds totaling Rp 750 billion in May 2010. The bond issuance has been given the national long-term rating of AA-(idn) with a prospect of stable rating from Fitch Ratings.

The significant loan growth supported by considerable increase of TPF has led to significant increase in the Bank's assets. As of 31st March 2010, assets totaled Rp 24.2 trillion, or a 51% increase over Rp 16 trillion recorded as of March 2009, while the ratio of intermediary capacity as shown by Loan to Deposit Ratio (LDR) was 87.5%.

Commenting on the Bank's impressive performance, Jerry Ng declared, "We maintain very high confidence over the prospect of the Bank's business, especially that we are optimistic about the outlook of Indonesian economy. With our unique strategy that combines both business and social mission as expressed in our motto "Do Good Do Well", BTPN will continue to maintain its excellent performance."

The high loan growth has also led to higher interest income for the Bank. As of 31st March 2010, its net interest income reached Rp 782.2 billion, or increased by 128% over the same period last year of Rp 343.6 billion. On the other side, operating profit for the period ending 31st March 2010 totaled Rp 217.1 billion, showing an increase of 102% compared to the end of March 2009 of Rp 107.3 billion. Net income as of 31st March 2010 was booked at Rp 154.6 billion or grew by 165% over the same period in the previous year of Rp 58.3 billion. BTPN's current capital ratio (CAR) is 17.6%, far beyond Bank Indonesia's 8% limit. Within the last 15 months, the Bank has served more than 500,000 retired customers and reached almost 160,000 MSE customers through its online, realtime network that consists of more than 1,000 offices.

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.