Shares Of Emiten Bank Kompak Drop, BBTN Hasn't Decided To Buyback

President Director of Bank BTN, Nixon Lp Napitupulu (both from the left) has not been able to decide about the buyback that will be carried out by the bank he leads in the midst of falling bank issuer shares. (VOI/Mery Handayani)

JAKARTA - President Director of PT Bank Tabungan Negara (Persero) Tbk or BTN Nixon LP Napitupulu has opened his voice whether to buy back shares or buy back shares in the midst of the current falling share price of banking issuers.

Nixon said his party could not decide on this now. This is because the company is currently focusing on carrying out corporate actions, namely acquiring PT Bank Victoria Syariah (BVIS).

For your information, the share prices of banking issuers this week fell compactly. In the midst of these conditions, two state-owned bank issuers PT Bank Rakyat Indonesia Tbk (BBRI) and PT Bank Negara Indonesia Tbk (BBNI) have confirmed that they will buy back shares.

"So if you ask whether we (BBTN) have a buyback? While we'll see first. Because there is a corporate action, right, sharia acquisition. Wait for it to be finished first, you can't be together," he said when met in the GBK area, Jakarta, Sunday, February 9.

Regarding the drop in shares of banking issuers, Nixon said that in early 2025, liquidity conditions or banking capabilities to fulfill its short-term obligations were indeed tight. This is what encourages investors to sell shares of bank issuers in Indonesia.

Furthermore, Nixon also said that the corrected shares of banking issuers did not only occur in state-owned companies or the State Bank Association (Himbara), including BTN, but also other private banks.

"Indeed, in 2025, including analysts, I asked why not only Himbara, almost all of its stock banks were corrected because they saw the tight liquidity," he said.

In addition, Nixon also said analysts also predict that the growth in banking performance this year was not as bright as the previous year.

So they, analysts, aren't sure the growth will be like the previous times. Now, what is really homework is to maintain growth with strict liquidity," he said.

According to Nixon, this strict bank liquidity will lead to a decline in company profits or profits. That way, many large banks have finally chosen to correct their growth projections, including BTN projects only 7 percent.

"I was also surprised, big banks like BCA just corrected their growth. We are also 7 percent, maybe similar to others," he said.