BTN Distributes Dividends Of Up To IDR 609 Billion, The State Gets 60 Percent

President Director of Bank BTN Nixon LP Napitupulu (Photo: Screenshot of Maria Handayani/VOI zoom)

JAKARTA PT Bank Tabungan Negara (Persero) Tbk (BBTN) will distribute IDR 609 billion or 20 percent of net profit as dividends to shareholders. With this amount, each shareholder will receive a cash dividend of IDR 43.394 per share.

"The use of profit, in which 20 percent will be divided into dividends, 60 percent for the government and 20 percent for public shares," said Bank BTN President Director Nixon LP Napitupulu at a press conference in Jakarta, Thursday, March 16.

Meanwhile, the remaining 80 percent profit will be used as retained earnings. Just so you know, Bank BTN posted a profit throughout 2022 of IDR 3.04 trillion.

Nixon further said, this year the company has also set several financial performance targets, including credit and financing targeted to grow by 8 to 10 percent, Third Party Funds (DPK) are targeted to also grow by 8 to 10 percent, net profit is targeted to increase in the range of 8 to 10 percent and gross NPL is expected to improve in the range of 3.2 to 3 percent.

As for achieving this target, the company has set the direction of General Policy, namely the 'Housing Ecosystem-Based Business Extension' including optimizing contributions to the Subsidized Mortgage program and increasing Non-Subsidized Mortgage through developer cooperation, property agents, developing a mortgage scheme targeting the millennial generation. Then, increasing high yield loans (KRING, KAR, KUR) beyond mortgage through cross-celling to captive customers.

Nixon further explained, focus on collecting Low Cost DPK by increasing CASA in the Retail and Institution segments and building capabilities for increasing CASA in the wholesale banking segment.

"Then, developing new sources of growth by accelerating the implementation of digital banking initiatives and massive digitizing of processes that support the development of housing economy-based businesses," explained Nixon.

Then increase service-based and transactional sources of fees, especially in wealth management, digital banking and corporate businesses. And lastly, accelerating bad credit settlement and continuing the initiative to sell assets (asset sales) on a bulk basis.

"We hope that all of the company's general policies in 2023 can be implemented, so that financial performance can grow according to the set target," concluded Nixon.