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Jenius Banking Reinvented
28 February 2023
Bank BTPN Posts 16% in 2022 Net Profit Growth as Bank Supports Economic Resilience
Jakarta, February 28, 2022 - PT Bank BTPN Tbk (“Bank BTPN”) recorded a solid performance of 16% net profit growth in 2022 in line with all stakeholders’ efforts to maintain the economy’s resilience from prolonged impacts of the COVID-19 pandemic.
Bank BTPN’s net profit after tax (consolidated) attributable to owners of the parent increased to Rp3.10 trillion in 2022, from Rp2.67 trillion a year before.
“Amidst celebrations of our 65th anniversary, Bank BTPN reported exciting net profit growth in 2022 despite challenges from global recession and during the transitional period from pandemic to endemic,” said President Director Henoch Munandar during Press Conference on Bank BTPN’s Performance in 2022 today in Jakarta.
“We couldn’t be prouder of the achievement as we’re welcoming optimism towards the economy in 2023.”
The rise in net profit was supported by an increase in operating income and a drop in cost of credit. Operating income rose by 4% to Rp13.69 trillion, while cost of credit was down 13% at Rp1.84 trillion.
Bank BTPN’s operating income increased because net interest income rose by 5% to Rp11.68 trillion and other operating income was up 3% at Rp2.01 trillion last year. This was in line with demand for syariah financing and for credit in the corporate segment that increased by 10% and 13%, respectively.
Interest expenses, however, picked up by 17% to Rp4.22 trillion in 2022, mainly due to an increase in the US Federal’s policy rate that affected foreign currency-denominated interest expenses.
In the asset front, Bank BTPN reported a 9% increase to Rp209.17 trillion as at the end of 2022, higher than Rp191.92 trillion at the end of 2021.
Finance Director Hanna Tantani said the financial results proved Bank BTPN’s strong fundamental. “All of our achievements resulted from solid performance of all individuals in Bank BTPN who provided their best services for customers and who assisted customers in all conditions,” said Hanna during the same event.
Bank BTPN’s outstanding loans also increased by 8% to Rp146.12 trillion at the end of December 2022, from Rp135.60 trillion in the corresponding period in the previous year.
Bank BTPN managed to maintain its gross non-performing loan (NPL) ratio at a healthy level of 1.43% at the end of 2022, down from 1.68% in the same period last year and lower than an average of 2.44% recorded in the banking industry at the same periode.
Bank BTPN optimized the use of third-party deposits by adjusting the needs of financing and the bank’s liquidity. Its third-party deposits rose 5% to Rp114.87 trillion at the end of 2022. The rise was attributable to CASA balance that increased by 6% to Rp40.16 trillion and time deposit that picked up by 4% to Rp74.70 trillion at the end of last year. CASA ratio also accordingly increased a tad to 35.0% from 34.6%.
Bank BTPN also managed to maintain its liquidity and funding ratios at sound levels, with liquidity coverage ratio (LCR) standing at 229.3% and net stable funding ratio (NSFR) clocked at 133.7% on December 31, 2022. The Bank recorded capital adequacy ratio of 27.3% at the end of last year.
As one of the pioneers in providing digital banking in the country and in maintaining its presence in digital transformation that will continue in 2023, Bank BTPN continuously adds features on Jenius. Jenius’ registered users increased by 20% to 4.4 million at the end of 2022, from 3.7 million in the previous year.
Jenius’ third-party deposits also jumped 52% to Rp23.7 trillion at the end of 2022, while Jenius’ credit (Flexi Cash) tripled to Rp1 trillion from a year before.
In line with its vision to give a significant change for its customers to live better and to meet its financial goals, Bank BTPN held 6,383 online and offline activities from which 2.28 million participants benefited, through Daya program in 2022.
“In Bank BTPN, empowerment is part of our unique value proposition and we manifest this through a sustainable empowerment program, or Daya from Bank BTPN, which is also part of our commitment to achieving sustainable development goals,” said Compliance Director Dini Herdini.
For its various efforts throughout 2022, Bank BTPN received numerous awards, including 17th Annual Global Top Ranking Performers Award & Next Generation Best Practice Conference, which was held by the Contact Center World Asia Pacific; “LPS Banking Awards 2022”, which was organized by Deposit Insurance Corporation (LPS); and the “the Indonesian Sustainable Development Goals Award (ISDA) 2022”, which was held by Corporate Forum for CSR Development (CFCD).
“We continuously create our steps and corporate strategies with prudence to help maintain the economy’s resilience in 2023 so we can give more positive impacts to our customers and the general public of Indonesia,” said Henoch.
For further information please contact:
PT Bank BTPN Tbk
Andrie Darusman – Daya & Corporate Communications Head
Email: [email protected] or [email protected]
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, pre-prosperous 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 micro businesses, BTPN SME—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 customers from the mass market. 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.