BTN Targets To Get A Net Profit Of IDR 2 Trillion By The End Of 2021

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk or BTN targets to pocket a net profit of IDR 2 trillion this year. The profit target will be adjusted to credit growth which was previously targeted at 9 percent to 6 percent.

Bank BTN President Director Haru Koesmahargyo said the effort was made by improving business processes with various strategies ranging from efficiency, digitization, downsizing outlets, to increasing fee-based income through non-credit transactions.

"The point is that BTN is currently trying to increase profits and maintain sustainability (business) at the same time, so if the profit target grows in line with loan growth, it's more or less like that. If we can get Rp. 2 trillion, we will try," he said in a virtual press conference, Wednesday, July 28.

Haru admits that he is optimistic that the target can be achieved by the end of the year. Because, so far the company's performance is in a positive trend despite being hit by the COVID-19 pandemic.

This positive performance is reflected in the company's profit in the second quarter of 2021 which grew 19.87 percent in the second quarter of 2021 and pocketed a profit of Rp. 920 billion compared to the first quarter of 2021 which reached Rp. 768 billion.

Haru said that the net profit was supported by the growth of subsidized public housing loans (KPR). Not only that, the level of bad loans or non-performing loans (NPL) also showed a significant decline. It was noted that in the first quarter of 2021 the NPL level reached 4.7 percent, while in the second quarter it was 4.10 percent.

"For us, positive and sustainable growth is our priority, especially in facing various challenges in the future," he explained.