Credit Growth And BTN DPK Grows Above Industry

JAKARTA - In the midst of the high cost of funds and a number of macroeconomic challenges, BTN's lending in the third quarter of 2024 continued to increase. This was supported by the demand for KPR Subsidies and Non-Subsidized Mortgages, as well as the growth of third party funds or DPK recorded above the national banking industry average. This achievement shows the core business of BTN which grows healthy and solid.

"In the midst of the challenges that occurred throughout 2024, the BTN's intermediation function continued to run optimally. This indicates that BTN is able to carry out one of its main tasks to help drive the economy and open loan access for the community, especially those with low and middle income," said Nixon LP Napitupulu through a press release received by VOI editors, Friday, November 29, 2024.

Subsidized mortgages still contribute the largest portion to the total BTN credit portfolio. Until September 2024, the company distributed KPR Subsidies amounting to IDR 172.7 trillion. As many as 75 percent of BTN Subsidized mortgage debtors are millennial groups which are in the productive age category, around 21 years to 35 years.

"This indicates that the younger generation of Indonesia, especially those with low and middle income, still considers homes as one of the main needs and the trend will still increase as national economic growth," said Nixon LP Napitupulu.

Although credit disbursement increases, BTN continues to apply strict caution and risk mitigation to maintain credit quality. This makes the ratio of problematic credit decrease. Fundraising from third parties (DPK) has increased, as well as increasing users of the BTN application with digital transformation.

This makes BTN Mobile transactions reach IDR 60.1 trillion for nine months this year. In addition to Conventional BTN, BTN Syariah also experienced rapid growth by posting a net profit of IDR 535 billion in the third quarter of 2024.

With this number of positive growths, BTN is optimistic that by 2025 it will be better in line with the prospects for a more conducive macroeconomic.