23 February 2008


Jakarta (Admin). PT Bank Tabungan Pensiunan Nasional (BTPN) is pursuing a plan to release 267,960,220 shares (28.39%) owned by PT Perusahaan Pengelolaan Aset (PPA) to the public under IPO mechanism in March 2008. The entire proceeds of such offering will be submitted to the state treasury.


The initial share offering will include a portion of 28.39% share ownership from the shares owned by PT PPA (Perusahaan Pengelola Aset) Persero; therefore, the proceeds will be submitted to the state treasury instead of for the Company. The shares will be offered in the price range of Rp 2,700 - 2,950 per share.


CIMB and BNI Securities have been appointed as underwriters of the offering.


Other than the portion owned by PPA, BTPN's current structure of ownership includes PT Recapital Advisors (22.61%), Fuad Hasan Masyhur (20.00%), PT Danatama Makmur (19.00%), and another 10% owned by PT Bakrie Capital Indonesia, which will be acquired by Texas Pacific Group (TPG) Nusantara in the near future in an acquisition deal to be conducted after IPO process is completed.


BTPN plans to obtain the effective date of 29th February 2008. The offering period will take place from 3rd to 5th March 2008, while the allotment period will be on 10th March 2008.


(FDT, Source: Media Indonesia Online & Tempo Daily)

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.