BTN Receives 'Best Savings Bank Indonesia 2023' Award From Magazine In England

Photo: Doc. BTN

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk. successfully won an international award as Best Savings Bank in Indonesia 2023 from Global Brands Magazine, a magazine based in London, England.

Meanwhile, the title of Best Savings Bank in Indonesia was given for the efforts of Bank BTN to continue to oversee the mission as a savings bank mandated by the Government of Indonesia.

President Director of Bank BTN Nixon LP Napitupulu said that since the beginning of the birth of Bank BTN, there has been a big mission brought by the company. Bank BTN, he continued, brought a mission from the Government to teach the Indonesian people to save for the future.

"Our right as a savings bank is not just a place to store money, but a place for people to collect money for their future dreams, one of which is to have their own home. This award is a source of our enthusiasm to continue carrying out the mission, for the better and more prosperous future of the Indonesian people," said Nixon in Jakarta, Monday 31 July.

Nixon emphasized that this award proves the success of transforming Bank BTN into a savings bank that has been carried out since 2019. As a result, Bank BTN's low-cost funds continue to increase.

Until the first semester of 2023, Bank BTN managed to raise third party funds (DPK) of IDR 313.26 trillion. Of this amount, the acquisition of low-cost funds or (current accounts and savings accounts/CASA) reached IDR 170.22 trillion, an increase of around 24% compared to the end of June 2022 of IDR 137.45 trillion.

The long history of Bank BTN carrying out its duties as a savings bank began with Postspaarbank, a savings bank belonging to the Dutch government in the colonial era. Then, Postspaarbank changed its name to Tyokin Kyoku during the Japanese colonial period. Then, during the independence period, this bank changed its name to a Post Savings Bank and made another name to the State Savings Bank (BTN).

When becoming a Bank BTN, the essence of a savings bank remains attached and the Government of Indonesia assigns the task of becoming a forum for Indonesian people in saving to own a home through Home Ownership Credit (KPR). While carrying out this task, Bank BTN also continues to innovate so that people can not only enjoy mortgage services but also other banking features.

"This award is also a reminder for Bank BTN to continue to innovate in carrying out its essence as a savings bank. So, BTN Bank customers can save to achieve their future dreams, both owning their own homes, and other dreams, because Life is Not Just About Today," said Nixon.

There are various services that have been developed by Bank BTN such as New BTN Mobile, BTN Solusi, Business Savings, to PLUS by BTN Priority. At the end of 2023, the issuer codenamed BBTN is targeting the acquisition of CASA of around Rp200 trillion or occupies a 53% portion of total savings at Bank BTN.