JAKARTA - BTN is optimistic that by the end of 2025 the company's assets will reach IDR 500 trillion. This belief is based on data on the acquisition of BTN assets until the end of 2024 of IDR 469.61 trillion, an increase of 7 percent compared to the end of 2023.
President Director of BTN Nixon LP Napitupulu expressed his gratitude for the increase in the company's assets amid the growing macroeconomic dynamics.
"BTN has prepared various strategic initiatives to go beyond mortgage with comprehensive banking solutions by 2025 in order to create more sustainable, healthy and solid business growth. Our optimism is also driven by the government's commitment to providing decent and affordable housing to all Indonesian people through the Three Million Houses Program," said BTN President Director Nixon LP Napitupulu in a press release received by VOI editors on Wednesday, February 12, 2025.
Nixon revealed that the asset company's confidence that it would reach IDR 500 trillion will be supported by solid credit and third party funds (DPK). BTN's credit distribution in 2024 was mainly driven by the KPR's business, both Subsidies and Non-Subsidies, in line with the increasing demand for housing. Until the end of December 2024, the distribution of BTN Subsidy Mortgages reached IDR 173.84 trillion.
In addition, BTN also posted growth in the high-speed loan segment, namely People's Business Credit (KUR), Home Loans (KAR), and Light Credit (KRING).
Nixon said the growth of the BTN DPK was higher than the growth of industrial DPK which was 4.48 percent yoy at the end of 2024 in line with the company's efforts to continue to increase transactions of low-cost retail funds and medium-sized institutions, including from digital channels. This commitment was realized through the initiative to transform the BTN mobile banking application, namely BTN Mobile to Bale by BTN.
BTN recorded rapid growth in its digital business since BTN Mobile was renewed in 2023. The number of Bale by BTN users previously known as BTN Mobile has reached 2.2 million by the end of 2024, an increase of 107 percent yoy compared to 2023. We are optimistic that the number of users can reach a minimum of 3.6 million to 4 million this year," said Nixon.
Along with BTN's corporate action to claim its sharia business unit, namely BTN Syariah to become a Sharia Commercial Bank which is targeted to be completed by 2025, solid growth is also reflected in the performance of BTN Syariah throughout 2024.
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