DISTRIBUTION of credit and financing in the first semester of 2024 was recorded at IDR352.06 trillion. This figure shows the growth of PT Bank Tabungan Negara (Persero) Tbk (BTN) financial performance by 14.4% compared to the same period last year, which was recorded at IDR307.66 trillion.
“Amidst the tough global economic challenges, BTN has managed to show positive performance during the first semester of 2024. We are optimistic that by the end of 2024, BTN will still be able to record good financial performance,” said BTN President Director Nixon LP Napitupulu as quoted from Between, Thursday (25/7).
Nixon added that housing credit and financing still constitute the largest portion of BTN’s total credit in the first semester of 2024, with total distribution reaching IDR299.24 trillion by the end of June 2024.
Within it, Subsidized Mortgages provided the largest contribution, with a value reaching IDR 171.01 trillion, growing 12.4% compared to the same period last year.
Meanwhile, non-subsidized mortgages grew 12% to IDR 101.76 trillion.
“We are committed to maintaining the principle of prudence in providing credit. Our Gross NPL ratio remains at 3.1%. We expect this NPL ratio to drop below 3% before the end of the year,” Nixon added.
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In terms of third party funds (TPF), BTN managed to increase the amount to IDR 365.4 trillion in the first semester of 2024, up 16.6% compared to the same period last year.
Of this amount, CASA reached IDR189.21 trillion, an increase of around 11.16% compared to the end of June 2023.
BTN’s net profit also increased to IDR1.502 trillion in the first semester of 2024, compared to IDR1.474 trillion in the same period last year.
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BTN’s total assets until the end of June 2024 increased by 13.7% to IDR455.60 trillion compared to IDR400.54 trillion in the same period last year.
BTN Syariah’s Performance Develops Rapidly
Along with the growth of conventional business, BTN’s Sharia Business Unit (UUS), or BTN Syariah, also recorded a positive net profit in the first semester of 2024.
BTN Syariah’s net profit jumped 31.7% to Rp370 billion, compared to Rp281 billion in the same period last year.
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This positive growth is driven by stable business development.
BTN Syariah’s sharia financing was recorded to have grown by around 22% to IDR 41 trillion at the end of June 2024, while the total DPK collected reached IDR 46 trillion, up 32% compared to last year.
With this achievement, BTN Syariah’s assets grew 20% to Rp56 trillion, compared to Rp46 trillion in the same period last year. (Z-10)
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