JAKARTA - PT Bank Tabungan Negara (Persero) Tbk targets net profit growth in 2026 in the range of 20 to 22 percent. This target is higher than the estimated profit growth in 2025 which is estimated to be in the range of 16 to 18 percent.
BTN President Director Nixon L.P. Napitupulu said this optimism was driven by the improvement in the quality of the company's assets after the problem of problematic loans from the previous period was declared to have been completed.
"Our net profit is still bold to write 20 to 22 percent because the past credit problems have been resolved, so it is clean," said Nixon in a working meeting with Commission VI of the Indonesian House of Representatives at the DPR Building, Jakarta, Monday, January 26.
Nixon said that the profit target was supported by the distribution of credit which is projected to grow by 8 to 9 percent throughout 2026. According to him, the supervisory authority even encourages BTN credit growth to be more aggressive.
"Loan growth may still be 8 to 9 percent, but this OJK openly asks for an increase," said Nixon.
On the funding side, BTN targets a growth in third-party funds (DPK) of 7 to 8 percent to strengthen the liquidity structure. The company is also working to maintain the cost of funds (cost of funds) to remain below 3.6 percent.
Meanwhile, in terms of risk, BTN targets the cost of credit in the range of 1.0 to 1.2 percent with a ratio of non-performing loans (NPL) maintained below 3 percent.
Apart from financial performance, BTN is also preparing a number of corporate actions in 2026 to support sustainable business growth. Nixon said the company would issue wholesale funding worth Rp4 trillion gradually in the first half to the second half of 2026.
Then, BTN also plans to strengthen its capital by Rp2 trillion which is scheduled to be realized in the second semester of 2026.
"The corporate action that we will do in 2026, namely the issuance of another Rp2 trillion capital, we hope that it will also be purchased by Danantara. Then there are bonds of Rp4 trillion or wholesale funding," said Nixon.
On the side of business expansion, BTN plans to establish a general insurance subsidiary with a capital requirement of around IDR 250 billion. The establishment of the subsidiary is targeted to be realized in the second semester of 2026.
Not only that, BTN also prepares the establishment of a subsidiary in the field of financing companies with an investment value ranging from IDR 3 trillion to IDR 5 trillion which will be realized in the same period.
"Then we propose that there be an addition of capital in insurance companies and the establishment of subsidiaries of financing companies, sharia and so on," said Nixon.
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