Bank BTPN

19 May 2008

POST EGMS: EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS: BTPN MAINTAINS PENSION MARKET & EXPAND MSME MARKET


Jakarta (Admin). As the Extraordinary General Meeting of Shareholders took place on 28th April 2008 was concluded, BTPN's shareholders has appointed a new set of management, following the recent acquisition by Texas Pacific Group (TPG) Nusantara S.a.r.l. that made it the majority shareholder of BTPN.

 

As expressed by the name Bank Tabungan Pensiunan Nasional (translated into the National Pension Savings Bank), BTPN remains focused on the unique pension business segmentation. However, as part of business evolution and the measures to reduce the dependency on one business segment, and the huge opportunities offered by micro, small and medium enterprise (MSME) market, BTPN has a plan to extend its scope by tapping into this market.

 

The new shareholder will certainly encourage sustainable business expansion and deal with the heightening market competition, so that the quality of infrastructure will continue to be improved especially in the areas of human resources, information technology, risk management, and operational processes.

 

In summary, the Extraordinary General Meeting of Shareholders (EGMS) has made the following decisions:


1. to accept the resignation of Gandhi Ganda Putra Ismail as a Director of the Company, effective as of the closure of the Meeting, and the Company thanks him for the service he has provided during his assignment period;

2. to accept the resignation of Bambang Heryanto as a Commissioner of the Company, effective as of the closure of the Meeting, and the Company thanks him for the service he has provided during his assignment period;

3. to appoint Irwan Mahjudin Habsjah as an Independent Commissioner and Ashish Shastry, Ranvir Dewan, and Sunata Tjiterosampurno as a Commissioner of the Company, subject to Bank Indonesia's approval for each appointment;

4. to appoint Djemi Suhenda, Ongki Wanadjati Dana, Mahdi Syahbuddin, Karim Indra Gupta Siregar, each as a Director, and Anika Faisal as a Director as well as Director of Compliance, subject to Bank Indonesia's approval for each appointment;

5. to determine that Taufik Hakim will take the position as Director under the condition that the position of Director of Compliance will be served by Anika Faisal after obtaining Bank Indonesia's approval regarding the appointment of Anika Faisal as Director as well as Director of Compliance;

6. to state that Prof. Dr. Dorodjatun Kuntjoro Jakti, Harry Hartono, and Hadiyanto, will immediately hold the position as President Commissioner, Commissioner, and Independent Commissioner respectively;

7. to determine that as of the closure of the Extraordinary General Meeting of Shareholders, the structures of the Board of Commissioners and Directors are as follows:

 

The Board of Commissioners
1). President Commissioner (Independent): Prof. Dr. Dorodjatun Kuntjoro Jakti
2). Commissioner (Independent): Harry Hartono
3). Commissioner (Independent): Hadiyanto
4). Commissioner: Ashish Shastry
5). Commissioner: Ranvir Dewan
6). Commissioner: Sunata Tjiterosampoerno
7). Commissioner (Independent): Mahjudin Habsjah

 

The Board of Directors
1). President Director: Paul Wiranata
2). Director: Djemi Suhenda
3). Director: Michael Hoetabarat
4). Director: Taufik Hakim
5). Director: Ongki Wanadjati Dana
6). Director: Mahdi Syahbuddin
7). Director: Kharim Indra Gupta Siregar
8). Director (Director of Compliance): Anika Faisal

 

With the following provisions:
a. The term of office of the Board of Commissioners and the Board of Directors will expire at the closure of the Annual General Meeting of Shareholders to be held in 2010.
b. If and immediately after Bank Indonesia gives its approval for the appointment of Ashish Shastry, Ranvir Dewan, Sunanta Tjiterosampoerno, each as Commissioner of the Company, and Irwan Mahjudin Habsjah as Independent Commissioner, then Ashish Shastry, Ranvir Dewan, Sunanta Tjiterosampoerno will each hold the position as Commissioner of the Company and Irwan Mahjudin Habsjah will take the position as Independent Commissioner of the company.
c. If and immediately after Bank Indonesia gives its approval for the appointment of Djemi Suhenda, Ongki Wanadjati Dana, Mahdi Syahbuddin, and Karim Indra Gupta Siregar, each as a Director of the Company, then Djemi Suhenda, Ongki Wanadjati Dana, Mahdi Syahbuddin, and Karim Indra Gupta Siregar will each take the position as Director of the company.
d. If and immediately after Bank Indonesia gives its approval for the appointment of Anika Faisal as Director and Director of Compliance, then Anika Faisal will take the position as Director and Director of Compliance, and Taufik Hakim will take the position as Director of the company.

 

Texas Pacific Group (TPG) in a Glance
Texas Pacific Group (TPG) is one of the leading international strategic investment institutions in the United States that manages assets totaling around USD 50 billion.
Regionally, TPG has built a track record in creating added value and developing the infrastructure of a vast number of companies, including several Asian-based banks and financing institutions managed independently by professional management teams such as Shenzen Development Bank in China, Shriram in India, Taisin Bank in Taiwan, Bank Thai in Thailand, as well as the institutions in a number of other countries.

 

(FDT: source: Press Release)


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.