BTN Earns IDR 1.19 Trillion Profit Until May 2025

PT Bank Tabungan Negara Persero Tbk (BTN) posted profit growth of 3.31 percent (year-on-year/yoy) to Rp1.19 trillion in May 2025.

In a written statement in Jakarta, quoted by Antara, Saturday, June 28, BTN stated that this profit growth was supported by increased net interest income and efficiency in interest expense.

BTN's net interest income rose 22.86 percent (yoy) to Rp6.18 trillion, supported by interest income which grew 10.31 percent (yoy) while interest expense only grew 1.80 percent (yoy).

BTN also recorded significant growth in Third Party Funds (DPK).

As of May 2025, the DPK reached Rp397.8 trillion, an increase of 10.26 percent (yoy). Of this amount, demand deposits and savings recorded an increase of 8.37 percent (yoy) and 7.62 percent (yoy), respectively.

The increase in low-cost funds is believed to show the success of BTN's strategy in encouraging low-cost funds.

Meanwhile, credit and disbursed financing were recorded at IDR 366.5 trillion, growing 5.20 percent (yoy).

Previously, BTN President Director Nixon LP Napitupulu said that until the first quarter of 2025, the company recorded stable lending and financing as well as a decrease in cost of funds.

Both components are said to support the company's net profit growth.

Meanwhile, until the end of the year BTN's performance is projected according to the target set by the company.

For information, BTN posted a net profit of IDR 904 billion in the first quarter of 2025, growing 5.1 percent (yoy).

The DPK was recorded at IDR 384.70 trillion as of the first quarter of 2025, up 7.5 percent (yoy). The contribution of low-cost funds to the total BTN DPK rose to 51.1 percent from the first quarter of 2024 which was 49.9 percent, and reduced the cost of funds to 4 percent from March last year's 4.2 percent.

BTN's lending and financing reached IDR 363.11 trillion until the first quarter of 2025, supported by increased demand for credit in the housing sector.