BTN's Assets Soared 26 Percent In 2020-2024

JAKARTA - BTN has successfully recorded positive asset growth in the last five years, despite being hit by the pandemic and global economic pressure. In the last five years, BTN was in fifth position in the bank category with the largest assets, recording growth shot up at the level of 26.13 percent from IDR 361.20 trillion in 2020 to IDR 455.60 trillion in the first semester of 2024.

"Over the last five years, BTN has continued to improve itself and carry out transformation in various aspects, both business, operational, technology, culture, and human capital. The goal is to improve performance and strengthen business quality so that the company can create better and more sustainable growth in the future, as well as provide added value for stakeholders," said BTN Corporate Secretary Ramon Armando as released by VOI on Friday, September 27, 2024.

The increase in BTN assets was also driven by lending and sharia financing that has advanced over the past five years. As of Semester I/2024, BTN's credit and financing were in the position of IDR 352.06 trillion, an increase of 35.35% from IDR 260.11 trillion at the end of 2020. The performance of lending and financing also succeeded in maintaining BTN's position as the leader of the KPR market in Indonesia with a market share of around 40 percent.

In Indonesia, BTN is also listed as the only bank that has the largest portfolio in the housing sector, which is 85 percent of its total credit and financing disbursed to the sector. BTN has also disbursed credit and financing for 5.2 million housing units since 1976.