JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) recorded a net profit of IDR 2.31 trillion in the third quarter of 2023. This achievement increased slightly compared to the third quarter of 2022 which amounted to IDR 2.28 trillion.
"In addition to being contributed by the sharia business, Bank BTN's net profit was also supported by the company's positive business ranging from mortgages, high yield loans, to a surge in fee-based income," said Bank BTN President Director Nixon LP Napitupulu quoting Antara.
In addition, Nixon said that Bank BTN's total assets in the third quarter of 2023 reached IDR 409.68 trillion, an increase of 5.24 percent yoy.
In the third quarter of 2023, the bank, which focuses on housing financing, recorded total credit and financing of IDR 318.30 trillion, an increase of 9.87 percent year on year (yoy).
This increase was driven by growth in Subsidized Home Ownership Loans (KPR) which rose 11.87 percent yoy from Rp140.97 trillion in the third quarter of 2022 to Rp157.71 trillion in the third quarter of 2023.
Light Credit (Kring) for employees rose 17.59 percent yoy to IDR 4.32 trillion in the third quarter of 2023. In the same period, Agunan Rumah Credit (KAR) grew 10.63 percent yoy to IDR 7.34 trillion. People's Business Credit (KUR) also jumped 162.82 percent yoy to IDR 1.60 trillion in the third quarter of 2023.
Bank BTN also recorded a total fee-based income in the third quarter of 2023, increasing by 67.32 percent yoy to Rp2.36 trillion, supported by the bank's digital transaction ecosystem. In this ecosystem, Bank BTN offers complete services ranging from wholesale to retail transactions through BTN Mobile.
On the other hand, Bank BTN also raised third party funds (DPK) in the third quarter of 2023 worth IDR 323.90 trillion, an increase of 3.54 percent yoy from IDR 312.84 trillion in the third quarter of 2022.
관련 항목:
The BTN Bank initiative in maintaining cost of funds (CoF) also increased the portion of low-cost funds. Bank BTN's low-cost account savings account (CASA) recorded an increase of 358 basis points (bps) to 49.48 percent in the third quarter of 2023.
Nixon said that until the end of the year, the company was optimistic that it would record performance according to the target. According to him, the enthusiasm of the housing sector and government incentives will further encourage the housing sector financing business to grow positively until 2024.
"We continue to take advantage of this momentum with various business initiatives that we continue to carry out," said Nixon.
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