BTN Is Able to Reduce Bad Debt

By : Wiyanto Dan Aldo Bella Putra | Tuesday, February 13 2018 - 22:00 IWST

Dirut BTN Maryono dan Menteri BUMN Rini Soemarno (Foto Rizki Meirino)
Dirut BTN Maryono dan Menteri BUMN Rini Soemarno (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - Bank Tabungan Negara (BTN) said the positive rate of credit distribution is also followed by credit quality improvement.

President Director of BTN Maryono said Bank BTN's non-performing loan (NPL) ratio in December 2017 was at 1.66 percent or improved from 1.85 percent in the same month of the previous year.

"The gross NPL of the company was recorded at only 2.66% per December 2017 or down from 2.84% in December 2016," he said in Jakarta on Tuesday (13/2/2018).

According to him, the loan portfolio also increased the assets of Bank BTN by 22.04% yoy from Rp214.16 trillion to Rp261.36 trillion by the end of 2017. "The current assets of BTN have reached Rp261.36 trillion and soon we are optimistic that the largest bank target to -5 based on assets will be met," said Maryono.

On December 31, 2017, Bank BTN has also raised Third Party Funds (DPK) worth Rp192, 95 trillion. The gain was up 20.45% yoy from Rp160.19 trillion on December 31, 2016.

The growth of public savings was also higher than the national banking average which only increased by 8.3% yoy (BI data).

Maryono said that the growth of Bank BTN's DPK is supported by positive growth of demand deposits, savings and time deposits, which grew by 19.21% yoy, 17.57% yoy and 22.42% yoy respectively.

"The performance of Bank BTN's intermediary function contributed to the company's net interest income growth of 14.45% yoy from Rp8.25 trillion to Rp9.44 trillion in the fourth quarter of 2017. Net interest income also hoisted up Bank BTN's net profit by 15, 59% yoy to Rp3.02 trillion," he said.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…