Strengthen Core Capital, BTN Receives Rp2 T Loan from Danantara

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) has strengthened its capital structure to maintain the sustainability of business expansion through the receipt of a shareholder loan (shareholder loan/SHL) worth Rp2 trillion from PT Danantara Asset Management (Persero) (DAM).

The facility is classified as additional core capital (Additional Tier 1/AT1) in accordance with the provisions of the Financial Services Authority (OJK).

BTN President Director Nixon LP Napitupulu said that this capital strengthening was carried out in line with the increasing need for financing, especially in the housing sector, which is BTN's main focus.

"BTN's capital position is at a healthy level, with a capital adequacy ratio (CAR) in the range of 18-19 percent. This shareholder loan is prepared to maintain adequate credit expansion space, in line with the continued growth of housing financing," said Nixon, quoting Antara.

Until the third quarter of 2025, BTN recorded the distribution of loans and financing of IDR 381.03 trillion, with the largest share coming from the housing sector which reached IDR 322.53 trillion.

The growth of financing requires an increasingly stronger capital structure so that credit expansion can continue to be carried out without pressing the capital ratio.

The shareholder loan is classified as an Additional Tier 1 instrument that is perpetual (without maturity), subordinated, and non-dilutive.

This structure ensures that additional direct capital strengthens BTN's Tier 1 Capital without incurring any principal repayment obligations in the short term and without putting pressure on the Company's daily liquidity and funding structure.

"This additional core capital provides flexibility for BTN to manage credit growth in a more measured and prudent manner, especially to support housing financing and related ecosystems, while maintaining long-term capital strength," said Nixon.

Shareholder loan is provided by DAM as a shareholder of BTN, so it reflects the alignment of long-term interests in strengthening the Company's competitiveness and value.

This transaction is an affiliate transaction carried out in accordance with POJK No. 42/POJK.04/2020, does not contain conflicts of interest, and has gone through a governance process and a fairness assessment by independent parties.

"In the future, the strengthening of core capital through this shareholder loan is expected to further strengthen BTN's role in supporting the national housing program and expanding access to home ownership for the community, in line with BTN's vision as a key partner in the financial empowerment of Indonesian families as well as its role as a key partner of the government in housing and financial inclusion," said Nixon.