Not Wanting To Lose To The Parent, BTN UUS Profit Soared By Almost 50 Percent

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BTN) noted that lending and financing reached around Rp308 trillion during the first semester of 2023. This gain grew 7.52 percent compared to the same period last year of Rp286.15 trillion.

"This year's first semester of financial performance is indeed more challenging. We are optimistic that by the end of 2023 we will still be able to record positive financial performance according to the set target. We are also still in the process of building a more modern and contemporary BTN Bank," said Bank BTN President Director Nixon LP Napitupulu in his statement, Friday, July 21.

Nixon revealed that housing credit distribution still dominates the company's total credit in the first semester of 2023. The housing loans disbursed by Bank BTN until the end of June 2023 reached IDR 269.48 trillion.

Of this amount, KPR Subsidy in the first semester of 2023 was still the largest contribution with a value of Rp152.17 trillion growing 10.86 percent compared to the same period last year of Rp137.25 trillion. Meanwhile, Non-Subsidized mortgages grew 6.49 percent to Rp90.83 trillion in the first semester of 2023 compared to the same period last year of Rp85.30 trillion.

"We are spurring credit by taking great care of the precautionary principle. Our NPL Gross ratio is still well maintained at the level of 3.66 percent. By the end of this year we hope to reduce the NPL ratio to below 3 percent," said Nixon.

In terms of third party funds (DPK), along with liquidity in the banking industry, Bank BTN managed to increase the DPK in the first semester of 2023 to Rp313.26 trillion, an increase compared to the same period last year which amounted to Rp307.31 trillion. Of this amount, the acquisition of low-cost funds or CASA reached Rp170.22 trillion, an increase of around 24 percent compared to the end of June 2022 of Rp137.45 trillion.

During the first semester of 2023, Bank BTN's net profit grew to nearly IDR 1.5 trillion, an increase compared to the same period last year of IDR 1.471 trillion. Meanwhile, Bank BTN's total assets until the end of June 2023 rose to IDR 400.54 trillion compared to the same period last year which amounted to IDR 381.74 trillion.

In line with conventional business growth, the net profit of the Sharia Business Unit (UUS) of Bank BTN (BTN Syariah) also grew positively in the first semester of 2023. The net profit of the BTN UUS was recorded to have jumped almost 50 percent to Rp281.21 billion in the first semester of 2023 compared to the same period last year of Rp190.90 billion.

The positive achievement of BTN Syariah is supported by stable business growth. In the first semester of 2023, Islamic financing was recorded to have grown by around 16 percent to Rp33.90 trillion compared to the end of June 2022 of Rp29.24 trillion.

Meanwhile, the total number of DPKs that were collected by BTN Syariah during the first semester of 2023 reached Rp34.93 trillion, growing 14.56 percent compared to the same period last year of Rp30.49 trillion. With this achievement, BTN Syariah's assets managed to grow 14.69 percent to Rp46.27 trillion compared to the same period last year of Rp40.35 trillion.