Latest News! BNI Officials Speak Up About BTN's Annexation

JAKARTA PT Bank Negara Indonesia Tbk. (BNI) conveyed the latest information regarding the news of the acquisition of PT Bank Tabungan Negara Tbk. (BTN) to the company's body.

Through BNI Corporate Secretary Mucharom, the entity codenamed BBNI does not deny or agree on the rumors that are currently developing.

"BNI always supports the government's business development plan by considering business aspects to have a positive impact on financial performance," he said in a written statement received by VOI on Saturday, August 27.

According to Arom, Mucharom's nickname, the company's steps always refer to strategic decisions agreed by shareholders and have a real effect on business development going forward.

"(An important decision) must be able to provide added value for shareholders and the state," he said.

Arom added, in detail he said that BTN and BNI share the same as banking institutions controlled by the government.

"Regarding the discourse on the acquisition of BTN, we can convey that until now there has been no follow-up direction from shareholders to make corporate action," he stressed.

Arom explained that his party is now also having other important plans to continue its expansion efforts to achieve the predetermined target.

"BNI is currently focusing on executing the proposed corporate transformation agenda, and we are also putting priorities in optimizing the contribution of subsidiaries, where we are currently developing several strategic plans in digital banks, securities and multi-finance," he explained.

VOI noted that in addition to the discourse on corporate actions against BTN, BBNI had previously finished annexing Bank Mayora as a subsidiary entity aimed at developing the digital banking market.

In terms of performance, BNI successfully posted a net profit growth of 75.1 percent year on year (yoy) to 8.8 trillion throughout the first semester of 2022.

This brilliant score was achieved thanks to solid expansion in line with the healthy growth focus on top tier customers.

In terms of intermediation, BBNI was recorded to have disbursed loans of IDR 620.4 trillion in the first half of this year. In fact, the restructuring credit for COVID-19 was recorded at IDR 62.9 trillion or sloping down from the position of the same period in 2021 of IDR 81.8 trillion.

It was also stated that 64 percent of BNI debtors affected by the pandemic had started making payments above the base lending rate, so the company is optimistic that the trend of improving credit quality will continue to run in all segments.