BTN Increases CKPN To Anticipate Global Pressure

JAKARTA - PT Bank Tabungan Negara Tbk (BTN) has been preparing to anticipate global pressure in 2025 by increasing the formation of Value Lowering Losses Reserves (CKPN).

President Director of Bank BTN Nixon LP Napitupulu in a statement in Jakarta, Saturday, said in a monthly financial report as of January 2025, BTN recorded an increase in the formation of CKPN by 27.56 percent year on year (yoy).

On the other hand, BTN's lending was recorded at IDR 356.99 trillion as of the end of January 2025, growing 7.1 percent on an annual basis (yoy) from the same period the previous year of IDR 333.28 trillion. Meanwhile, for Islamic financing, it was recorded that it was IDR 44.5 trillion, an 18 percent YoY jump from the same period last year of IDR 37.7 trillion.

The achievement of the sharia business is in line with the trend of people who are increasingly fond of sharia-based mortgage products. The double-digit growth that has always been achieved in recent years is a provision for BTN Syariah, which is currently undergoing a spin-off process from sharia units to commercial Islamic banks.

Meanwhile, third-party funds reached IDR 374 trillion as of the end of January 2025, growing 8.7 percent yoy from the same position last year of IDR 344.25 trillion.

The rate of increase in third party funds (DPK) which is higher than credit growth not only shows the high public trust in BTN, but also reflects future expansion capabilities.

Previously, Nixon said that the company's credit growth which remained positive showed that the KPR's demand had never been sluggish, amid various challenges in economic conditions and consumer purchasing power.

Owning a house is everyone's dream and has always been a priority. As a bank that has a special mandate in this sector, of course we must be able to provide as much access to financing as possible for the community to own a home. Whatever the situation, including when the bank industry faces high-cost liquidity issues, "said Nixon.

BTN continues to be committed to supporting the government's priority agenda in reducing the housing backlog. Acceleration is needed so that the number of people who do not have decent housing can be significantly reduced.

"Producing business and social functions at the same time is not an easy matter, but we must be able to do that. Therefore, the biggest challenge is how credit is that we distribute high quality with a faster business process and credit costs are getting better," he said.

Nixon said the digital transformation that has been refined in recent years will be a game changer for the BTN business. The launch of the Super Bale application and the implementation of the BTN Digital Store will have a positive impact on quality credit growth and low-cost fund collection.

"We are also aggressively thickening the non-subsidized KPR and high yield loan businesses to improve margin levels. We carry out a digital transformation and expansion agenda to the commercial segment simultaneously, sustainably to bring this bank to a higher level," he said.

From lending activities, BTN achieved interest income of IDR 2.36 trillion. After deducting interest expense of IDR 1.5 trillion, net interest income reached IDR 854 billion. Meanwhile, the year's net profit was IDR 102 billion.