BTN's Net Profit Experiences An Increase, Credit Grows Consistently

JAKARTA - BTN recorded an increase in net profit in the first quarter of 2025, supported by consistent lending and financing as well as a reduction in cost of funds (cost of funds) amid challenges of global uncertainty.

The data is certainly proud, because BTN has succeeded in proving annual net profit growth. BTN posted a net profit of IDR 904 billion in the first three months of 2025, growing 5.1 percent on an annual basis from the same period last year, amounting to IDR 860 billion. The increase in net profit was supported by consistent lending and financing and maintained financial fundamentals.

"BTN noted an increase in lending and financing, especially related to the housing sector, supported by economic growth that remains stable and the government's program for national housing development," said BTN President Director Nixon LP Napitupulu through a press release received by VOI editorial staff, Thursday, April 24.

Nixon said that 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. In addition, the potential for increasing lending will also be triggered by BTN's strategic partnership initiative with investors from Qatar, namely AlQilaa International Group for the construction of one million residential units in Indonesia, with the initial stage of 100,000 residential units.

"BTN believes that the government's efforts to accelerate housing development will have a positive impact on various sub-sectors in the national housing ecosystem and the impact of its derivatives on other sectors," said Nixon LP Napitupulu.

In addition to BTN's increased net profit, BTN Syariah's profit also grew ahead of the separation (spin-off) to Bank Umum Syariah. BTN Syariah managed to record an increase in net profit of IDR 199 billion in the first quarter of 2025, up 21.1 percent yoy from the same period last year of IDR 164 billion.