Jakarta (Admin). PT Bank BTPN Tbk conducted Extraordinary General Meeting of Shareholders (EGMS) on 9th July 2008 and made a number of decisions, one of which was the appointment of Jerry Ng * as President Director to replace Paul Wiranata.
Prof. Dr. Dorodjatun Kuntjoro Jakti, BTPN's President Commissioner stated that after the Bank's IPO in March 2008 and the acquisition of the new majority shareholder TPG Nusantara, S.a.r.l. with its international exposure, BTPN has been facing a new era of sustainable performance and contribution to the national economy.
In order to further develop the scope of its business, the Bank has been eyeing at the great opportunities offered by the micro, small, and medium enterprise market, besides keeping and growing the existing pension market. Meanwhile, the quality of infrastructure, especially human resources, information technology, risk management, operational process, and CSR activities, will be enhanced, to ensure continuous business development and to deal with heightening competition in the market.
In the financial statements as of 31st March 2008, BTPN recorded earnings before tax of Rp 154 billion and net income of Rp 107 billion. Total assets reached Rp 11.8 trillion while gross NPL was 1.2%, ROA was 5.4%, and LDR stood at 34.9%. (FDT, source: BTPN's Press Release of 9th July 2008).
*) effective after obtaining the approval of Bank Indonesia regarding the fit and proper test.