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INFORMATION ON CAPITAL AND RISK EXPOSURE 432 2025 Annual Report
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The Company consistently aligns its financial objectives
and capital adequacy with risk profiles to ensure that the
Company’s business remains in line with capital and liquidity
requirements.
2025 Annual Report 433
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05 Information on Capital and Risk Exposure
Depending on the business complexity, Bank has managed 8 risk types, i.e. credit risk, liquidity risk, market risk,
operational risk, legal risk, reputation risk, strategic risk and compliance risk. This section, however, only discusses the
risk management practices for credit risk, market risk and operational risks. The elaboration of the other types of risks
is presented in the Chapter of Corporate Governance of this Annual Report.
Pursuant to the Regulation of the Financial Services Authority (POJK) No. 37/POJK.03/2019 regarding Transparency and
Publication of Bank Report Article 25 sub-article (1) b. Banks must report the information on risk exposure and capital
to the financial statements and the annual financial performance information.
Key Metrics
(in IDR Millions)
Period
Description
Des-25 Jun-25 Des-24
Sep-25 Mar-25
(Audited) (Audited) (Audited)
AVAILABLE CAPITAL
1 Common Equity Tier 1 26,900,137 30,634,917 29,643,033 29,074,591 29,834,471
2 Tier 1 Capital 28,900,137 30,634,917 29,643,033 29,074,591 29,834,471
3 Total Capital 32,982,407 32,951,455 32,117,061 31,472,491 32,273,030
RISK WEIGHTED ASSETS (RWA)
4 Total RWA 173,369,598 183,076,525 189,713,131 177,324,509 174,444,978
RISK-BASED CAPITAL RATIOS AS A PERCENTAGE OF RWA
5 CET1 Ratio (%) 15.52% 16.73% 15.63% 16.40% 17.10%
6 Tier1 Ratio (%) 16.67% 16.73% 15.63% 16.40% 17.10%
7 CAR (%) 19.02% 18.00% 16.93% 17.75% 18.50%
RISK-BASED CAPITAL RATIOS AS A PERCENTAGE OF RWA
8 Capital Conservation Buffer (2,5% of RWA) 2.50% 2.50% 2.50% 2.50% 2.50%
9 Countercyclical Buffer (0 - 2,5% of RWA) 0.00% 0.00% 0.00% 0.00% 0.00%
10 Capital Surcharge for Systemically Important
1.00% 1.00% 1.00% 1.00% 1.00%
Bank
11 Total CET1 as Buffer 3.50% 3.50% 3.50% 3.50% 3.50%
12 CET1 Component for Capital Buffer 8.62% 8.67% 7.60% 8.50% 9.25%
LEVERAGE RATIO
13 Total Exposures 445,431,375 497,241,904 470,660,744 454,898,238 455,163,508
14.a Leverage ratio (including the impact of any
applicable temporary exemption of central 6.49% 6.16% 6.34% 6.39% 6.42%
bank reserves)
434 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Period
Description
Des-25 Jun-25 Des-24
Sep-25 Mar-25
(Audited) (Audited) (Audited)
14.b Leverage ratio (excluding the impact of any
applicable temporary exemption of central 6.49% 6.16% 6.34% 6.39% 6.42%
bank reserves)
14.c Leverage ratio (including the impact of
any applicable temporary exemption of
central bank reserves) incorporating mean
values from row 28 of gross SFT assets (after 6.48% 6.16% 6.33% 6.39% 6.42%
adjustment for sale accounting transactions
and netted of amounts of associated cash
payables and cash receivables)
14.d Leverage ratio (excluding the impact of
any applicable temporary exemption of
central bank reserves) incorporating mean
values from row 28 of gross SFT assets (after 6.48% 6.16% 6.33% 6.39% 6.42%
adjustment for sale accounting transactions
and netted of amounts of associated cash
payables and cash receivables)
LIQUIDITY COVERAGE RATIO
15 High-quality liquid assets (HQLA) 82,708,628 78,398,352 75,073,720 69,149,093 74,276,531
16 Total Net Cash Outflows 42,858,337 40,557,843 42,590,005 42,977,956 38,853,989
17 LCR (%) 192.98% 193.30% 176.27% 160.89% 191.17%
NET STABLE FUNDING RATIO
18 Available Stable Funding 249,613,378 272,781,612 258,298,828 247,166,074 252,191,739
19 Required Stable Funding 195,585,222 215,009,318 212,685,063 206,165,969 209,135,110
20 NSFR (%) 127.62% 126.87% 121.45% 119.89% 120.59%
Qualitative Analysis
THE ANALYSIS OF THE KEY METRICS REPORT IS AS FOLLOWS:
1. The total capital ratio increased from 18.00% as of September 2025 to 19.02% as of December 2025. This was influenced by
an increase in Risk Weighted Assets and an increase in Total Capital.
2. Bank BTN's Leverage Ratio Increased from 6.16% as of September 2025 to 6.48% as of December 2025, driven by a decrease
in the Bank's Tier 1 Capital and total exposures. The Bank remains committed to taking necessary measures to maintain the
minimum Leverage Ratio threshold of > 3%.
3. Bank BTN's Liquidity Coverage Ratio (LCR) as of December 2025 stood at 192.98%, a slight decrease from 193.30% in September
2025. The decline in the Q4 2025 LCR was driven by a higher increase in Net Cash Outflows (NCO) relative to the growth in
High Quality Liquid Assets (HQLA). Bank BTN's liquidity remains in an adequate position as the LCR value is maintained above
the minimum regulatory threshold of 100%.
4. Bank BTN's Net Stable Funding Ratio (NSFR) as of December 2025 stood at 127.62%, as decrease compared to the September
2025 position of 126.87%. The decline in the Q4 2025 NSFR value was attributable to a more significant decrease in Available
Stable Funding (ASF) compared to the decrease in Required Stable Funding (RSF). Bank BTN's liquidity remains in an
adequate condition as the NSFR remains above the minimum regulatory threshold of 100%.
2025 Annual Report 435
Page 5
05 Information on Capital and Risk Exposure
(in IDR Millions)
Period
Description
Des-25 Jun-25 Des-24
Sep-25 Mar-25
(Audited) (Audited) (Audited)
AVAILABLE CAPITAL
1 Common Equity Tier 1 33,289,620 31,742,918 30,740,877 29,074,591 29,834,471
2 Tier 1 Capital 35,289,620 31,742,918 30,740,877 29,074,591 29,834,471
3 Total Capital 39,566,506 34,066,148 33,215,315 31,472,491 32,273,030
RISK WEIGHTED ASSETS (RWA)
4 Total RWA 189,133,497 183,618,577 189,746,360 177,324,509 174,444,978
RISK-BASED CAPITAL RATIOS AS A PERCENTAGE OF RWA
5 CET1 Ratio (%) 17.60% 17.29% 16.20% 16.40% 17.10%
6 Tier1 Ratio (%) 18.66% 17.29% 16.20% 16.40% 17.10%
7 CAR (%) 20.92% 18.55% 17.51% 17.75% 18.50%
RISK-BASED CAPITAL RATIOS AS A PERCENTAGE OF RWA
8 Capital Conservation Buffer (2,5% of RWA) 2.50% 2.50% 2.50% 2.50% 2.50%
9 Countercyclical Buffer (0 - 2,5% of RWA) 0.00% 0.00% 0.00% 0.00% 0.00%
10 Capital Surcharge for Systemically Important
1.00% 1.00% 1.00% 1.00% 1.00%
Bank
11 Total CET1 as Buffer 3.50% 3.50% 3.50% 3.50% 3.50%
12 CET1 Component for Capital Buffer 10.61% 9.22% 8.18% 8.50% 9.25%
LEVERAGE RATIO
13 Total Exposures 518,873,804 498,887,260 471,792,670 454,898,238 455,163,508
14.a Leverage ratio (including the impact of any
applicable temporary exemption of central 6.80% 6.36% 6.56% 6.39% 6.42%
bank reserves)
14.b Leverage ratio (excluding the impact of any
applicable temporary exemption of central 6.80% 6.36% 6.56% 6.39% 6.42%
bank reserves)
14.c Leverage ratio (including the impact of
any applicable temporary exemption of
central bank reserves) incorporating mean
values from row 28 of gross SFT assets (after 6.79% 6.36% 6.55% 6.39% 6.42%
adjustment for sale accounting transactions
and netted of amounts of associated cash
payables and cash receivables)
14.d Leverage ratio (excluding the impact of
any applicable temporary exemption of
central bank reserves) incorporating mean
values from row 28 of gross SFT assets (after 6.79% 6.36% 6.55% 6.39% 6.42%
adjustment for sale accounting transactions
and netted of amounts of associated cash
payables and cash receivables)
436 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Period
Description
Des-25 Jun-25 Des-24
Sep-25 Mar-25
(Audited) (Audited) (Audited)
LIQUIDITY COVERAGE RATIO
15 High-quality liquid assets (HQLA) 89,363,036 79,461,030 78,218,417 69,149,093 74,276,531
16 Total Net Cash Outflows 44,595,943 40,479,977 41,242,732 42,977,956 38,853,989
17 LCR (%) 200.38% 196.30% 189.65% 160.89% 191.17%
NET STABLE FUNDING RATIO
18 Available Stable Funding 278,653,963 273,896,727 259,402,030 247,166,074 252,191,739
19 Required Stable Funding 219,124,748 214,503,390 212,685,294 206,165,969 209,135,110
20 NSFR (%) 127.17% 127.69% 121.97% 119.89% 120.59%
Qualitative Analysis
THE ANALYSIS OF THE KEY METRICS REPORT IS AS FOLLOWS:
1. The total capital ratio increased from 18.55% as of September 2025 to 20.92% as of December 2025. This was driven by an
increase in Risk Weighted Assets (RWA) and a significant increase in Total Capital.
2. Bank BTN's Leverage Ratio increased from 6.36% as of September 2025 to 6.80% as of December 2025, attributable to an
increase in the Bank's Tier 1 Capital and total exposures. The Bank remains committed to taking necessary measures to
maintain the minimum Leverage Ratio threshold of > 3%.
3. Bank BTN's Consolidated Liquidity Coverage Ratio (LCR) as of December 2025 stood at 200.38%, a decrease compared
to 196.30% in September 2025. The decline in the Q4 2025 LCR was driven by an increase in Net Cash Outflows (NCO)
accompanied by a decrease in High Quality Liquid Assets (HQLA). Bank BTN's liquidity remains in an adequate condition as
the LCR remains above the minimum regulatory threshold of 100%.
4. Bank BTN's Consolidated Net Stable Funding Ratio (NSFR) as of December 2025 stood at 127.17%, a decrease from 127.69% in
September 2025. The decline in the Q4 2025 NSFR value was attributed to a more significant increase in Required Stable
Funding (RSF) relative to the increase in Available Stable Funding (ASF). Bank BTN's liquidity remains in an adequate condition
as the NSFFR remains above the minimum regulatory threshold of 100%.
Differences Between the Scope of Consolidation and Mapping in Financial
Statements in Accordance with Financial Accounting Standard with Risk
Category in Line with The Financial Services Authority Regulation of the Risk
Category (LI1)
(in IDR Millions)
The carrying value of each risk
Carrying
Carrying
values as Not subject
values under Subject to
reported in Subject to capital
scope of Subject to counter Subject to the
published to the requirements
regulatory credit risk party securitisation
financial market risk or subject to
consolidation framework credit risk framework
statements framework deduction from
framework
capital
INDONESIA
ASSETS
1. Cash 2,154,839 2,154,839 2,154,839 - - - -
2. Placement with Bank
46,727,811 46,727,811 46,727,811 - - - -
Indonesia
2025 Annual Report 437
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05 Information on Capital and Risk Exposure
The carrying value of each risk
Carrying
Carrying
values as Not subject
values under Subject to
reported in Subject to capital
scope of Subject to counter Subject to the
published to the requirements
regulatory credit risk party securitisation
financial market risk or subject to
consolidation framework credit risk framework
statements framework deduction from
framework
capital
3. Placements with
2,515,971 2,515,971 2,515,971 - - - -
other banks
4. Spot and Derivative
- - - - - - -
Receivables
5. Securities 59,746,562 59,746,562 38,853,234 - 181,750 20,711,578 -
6. Securities Sold
under Repurchase 413,096 413,096 413,096 - - - -
Agreement
7. Receivables from
Securities Purchased
1,683,840 1,683,840 1,683,840 - - - -
under Agreement to
Resell
8. Acceptance
574,901 574,901 574,901 - - - -
receivable
9. Credit 345,702,924 345,702,924 345,702,924 - - - -
10. Sharia Financing 54,873,163 54,873,163 54,873,163 - - - -
11. Investment 29 29 - - - - 29
12. allowance for
impairment losses on (15,316,462) (15,316,462) (11,703,829) - - - (3,612,633)
financial assets
13. Intangible Assets 1,253,268 1,253,268 1,253,268 - - - -
14. Fixed Assets and
15,950,513 15,950,513 15,950,513 - - - -
Inventories
Accumulated
depreciation of
premises and (5,441,785) (5,441,785) (5,441,785) - - - -
equipment and
inventory
15. Abandoned Property 353 353 353 - - - -
16. Assets taken over 77,591 77,591 77,591 - - - -
17. Deferred accounts - - - - - - -
18. Inter-office assets - - - - - - -
19. Allowance for
impairment losses on - - - - - - -
other assets
20. Provision for possible
losses on non- - - - - - - -
productive assets
21. Finance leases - - - - - - -
22. Deferred Tax Assets 1,323,347 1,323,347 - - - - 1,323,347
23. Miscellaneous assets* 15,553,459 15,553,459 15,553,459 - - - -
Total assets 527,793,420 527,793,420 509,189,349 - 181,750 20,711,578 (2,289,257)
438 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The carrying value of each risk
Carrying
Carrying
values as Not subject
values under Subject to
reported in Subject to capital
scope of Subject to counter Subject to the
published to the requirements
regulatory credit risk party securitisation
financial market risk or subject to
consolidation framework credit risk framework
statements framework deduction from
framework
capital
LIABILITIES
1. Demand deposits* 167,445,865 167,445,865 - - - - 167,445,865
2. Saving Deposits* 36,932,332 36,932,332 - - - - 36,932,332
3. Time Deposits 201,163,224 201,163,224 - - - - 201,163,224
4. Revenue sharing of
31,856,456 31,856,456 - - - - 31,856,456
investment funds
5. Liabilities to Bank
- - - - - - -
Indonesia
6. Liabilities to other
122,917 122,917 - - - - 122,917
banks
7. Spot and derivative
- - - - - - -
liabilities
8. Liabilities for
securities sold under
349,076 349,076 - - - - 349,076
agreements to
purchase
9. Acceptance liabilities 574,901 574,901 - - - - 574,901
10. Securities Issued 5,977,216 5,977,216 - - - - 5,977,216
11. Fund Borrowings 37,991,851 37,991,851 - - - - 37,991,851
12. Guarantee deposits 10,775 10,775 - - - - 10,775
13. Inter-office liabilities - - - - - - -
14. Deferred tax liabilities - - - - - - -
15. Provision for possible
losses on off-balance - - - - - - -
sheet transactions
16. Miscellaneous
5,658,514 5,658,514 - - - - 5,658,514
liabilities
17. Profit sharing of
- - - - - - -
investment funds
18. Minority Interest - - - - - - -
19. Loan capital 3,500,000 3,500,000 - - - - 3,500,000
20. Paid-up Capital 7,017,222 7,017,222 - - - - 7,017,222
21. Additonal paid-in
3,309,501 3,309,501 - - - - 3,309,501
capital
22. Revaluation
differences of
3,988,158 3,988,158 - - - - 3,988,158
premises and
equipment
2025 Annual Report 439
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05 Information on Capital and Risk Exposure
The carrying value of each risk
Carrying
Carrying
values as Not subject
values under Subject to
reported in Subject to capital
scope of Subject to counter Subject to the
published to the requirements
regulatory credit risk party securitisation
financial market risk or subject to
consolidation framework credit risk framework
statements framework deduction from
framework
capital
23. Quasi-reorganization
- - - - - - -
differences
24. Restructuring
differences between
- - - - - - -
entities under
common control
25. Reserves 5,466,512 5,466,512 - - - - 5,466,512
26. Profit/Loss 16,428,900 16,428,900 - - - - 16,428,900
Total Liabilities 527,793,420 527,793,420 - - - - 527,793,420
Qualitative Analysis
Main Differences Between Recorded Value in Accordance with Financial
Accounting Standard and Exposure Value in Line with the Financial Services
Authority Regulation (LI2)
(in IDR Millions)
Item as described:
Total Counterparty
Credit Risk Securitization Market risk
credit risk
Framework Framework framework
framework
Asset carrying value amount under
scope of regulatory consolidation (as 527,793,420 509,189,349 - 181,750 20,711,578
per template LI1)
Liabilities carrying value amount under
regulatory scope of consolidation (as 527,793,420 - - - -
per template LI1)
Total net amount under regulatory
- - - - -
scope of consolidation
Off-balance sheet amounts - - - - -
Differences in valuations - - - - -
Differences due to different netting
rules, other than those already - - - - -
included in row 2
Differences due to consideration of
- - - - -
provisions
Differences due to prudential filters - - - - -
Exposure amounts considered for
- - - - -
regulatory purposes
Qualitative Analysis
440 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Description of Differences Between Exposure Value in Accordance with
Financial Accounting Standard and the Financial Services Authority
Regulation (LIA)
Factors contributing to the differences between the The Bank performs daily valuations in accordance with
value in column (a), representing the carrying value prudential principles, applying both mark to market
in accordance with financial accounting standards and mark to model calculations. In performing mark to
as reported in the Published Financial Statements, market calculations, the Bank uses fair market values
and column (b), representing the exposure value based on available closing prices or those obtainable
in accordance with prudential regulations for the from independent sources. The current price valuation
calculation of Credit Risk Weighted Assets (RWA) in LI1, policy for actively and less actively traded instruments
include: uses fair prices from independent sources. Meanwhile,
1. Not all asset categories in column (a) are considered if market prices are unavailable, valuation is conducted
in the Credit RWA calculation in column (b), such using mark to model, which can be calculated using the
as Investment in Shares, Inter-office Assets, and present value method with a discount factor derived
Deferred Tax Assets. from government bond yields plus a spread.
2. Allowance for impairment losses on financial assets
considered in Credit RWA is limited to stage 2 and To ensure independence, the Bank has implemented
stage 3. a separation of duties and responsibilities, where
3. The carrying value in column (a) only covers on- the pricing used for valuation is determined, verified,
balance sheet exposures and excludes the off- and monitored by the Risk Management Unit as an
balance sheet Administrative Account Transaction independent unit, and subsequently informed to relevant
exposures, such as Bank Guarantees, Letter of Credit, units for business, risk, and accounting purposes.
and Unused Credit Facilities.
4. The net claim amount for Administrative Account All positions included in the trading book undergo a
Transaction (TRA) exposures in the Credit RWA daily valuation process using market price quotations
calculation utilizes the Credit Conversion Factor from independent sources. In the event that market
(CCF). prices are unavailable for the valuation of trading
5. There is a difference in the calculation of Net Claims positions, a fair price is determined using a valuation
for Derivative exposures, where in column (b) of model/technique (mark to model) based on prudential
Credit RWA, the net claim calculation takes into principles. As a control measure to ensure accurate
account the Replacement Cost (RC) and Potential and consistent valuation estimates, market prices are
Future Exposure (PFE). verified periodically. The obtained prices are utilized for
trading book profit and loss reports, accounting records,
Assuming that the values used for regulatory purposes and market risk management.
as stated in LI2 *i.e., administrative account values,
valuation differences, differences between netting rules,
differences in provisions, and differences in prudential
filters) are Nil, then the explanation for the source of
differences between column (a) and (b) is the same as
the explanation in point a above.
2025 Annual Report 441
Page 11
05 Information on Capital and Risk Exposure
Capital - Capital Composition (CC1)
(in IDR Millions)
Ref. No. sourced from
Total
No. Component the Consolidated
(Audited)
Balance Sheet1)
COMMON EQUITY TIER 1 (CET 1): INSTRUMENTS AND ADDITIONAL PAID-IN CAPITAL
Directly issued qualifying common share (and equivalent for non-
1 7,017,222 A,B,C
joint stock companies) capital plus related stock surplus
2 Retained earnings 12,927,728 D,E
3 Accumulated other comprehensive income (and other reserves) 15,999,258
Directly issued capital subject to phase out from CET1 (only
4 -
applicable to non-joint stock companies)
Common share capital issued by subsidiaries and held by third
5 -
parties (amount allowed in group CET1)
6 Common Equity Tier 1 capital before regulatory adjustments 35,944,208
CET1: REGULATORY ADJUSTMENT
7 Prudential valuation adjustments -
8 Goodwill (net of related tax liability) (527,705)
Other intangibles other than mortgage-servicing rights (net of
9 (725,563)
related tax liability)
Deferred tax assets that rely on future profitability excluding those
10
arising from temporary differences (net of related tax liability)
11 Cash-flow hedge reserve N/A
12 Shortfall of provisions to expected losses N/A
Securitisation gain on sale (as set out in paragraph 562 of Basel II
13 -
framework)
Gains and losses due to changes in own credit risk on fair valued
14 -
liabilities
15 Defined-benefit pension fund net assets N/A
Investments in own shares (if not already netted off paid-in capital
16 N/A
on reported balance sheet)
17 Reciprocal cross-holdings in common equity -
Investments in the capital of Banking, financial and insurance
entities that are outside the scope of regulatory consolidation, net
18 N/A
of eligible short positions, where the Bank does not own more than
10% of the issued share capital (amount above 10% threshold)
Significant investments in the common stock of Banking, financial
and insurance entities that are outside the scope of regulatory
19 N/A
consolidation, net of eligible short positions (amount above 10%
threshold)
20 Mortgage servicing rights (amount above 10% threshold) -
Deferred tax assets arising from temporary differences (amount
21 N/A
above 10% threshold, net of related tax liability)
22 Amount exceeding the 15% threshold N/A
23 of which: significant investments in the common stock of financials N/A
24 of which: mortgage servicing rights N/A
25 of which: deferred tax assets arising from temporary differences N/A
442 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Ref. No. sourced from
Total
No. Component the Consolidated
(Audited)
Balance Sheet1)
National specific regulatory adjustme
26a. Differences between PPKA and CKPN -
26b. PPKA over non-productive assets (77,944)
26c. Deferred tax assets (1,323,347)
26
26d. Provision (29)
26e. Deficiency of capital in insurance subsidiary companies -
26f. Securitization exposure -
26g. Others -
Regulatory adjustments applied to Common Equity Tier 1 due to
27 -
insufficient Additional Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 (2,654,588)
29 Common Equity Tier 1 capital (CET1) 33,289,620
ADDITIONAL TIER 1 (AT 1): INSTRUMENTS
Directly issued qualifying Additional Tier 1 instruments plus related
30 2,000,000
stock surplus
of which: classified as equity under applicable accounting
31 -
standards
of which: classified as liabilities under applicable accounting
32 -
standards
Directly issued capital instruments subject to phase out from
33 N/A
Additional Tier 1
Additional Tier 1 instruments (and CET1 instruments not included
34 in row 5) issued by subsidiaries and held by third parties (amount -
allowed in group AT1)
35 of which: instruments issued by subsidiaries subject to phase out N/A
36 Additional Tier 1 capital before regulatory adjustments 2,000,000
ADDITIONAL CORE CAPITAL: REDUCING FACTOR (REGULATORY ADJUSTMENT)
37 Investments in own Additional Tier 1 instruments N/A
38 Reciprocal cross-holdings in Additional Tier 1 instruments -
Investments in the capital of Banking, financial and insurance
entities that are outside the scope of regulatory consolidation, net
39 of eligible short positions, where the Bank does not own more than N/A
10% of the issued common share capital of the entity (amount
above 10% threshold)
Significant investments in the capital of Banking, financial and
40 insurance entities that are outside the scope of regulatory N/A
consolidation (net of eligible short positions)
41 National specific regulatory adjustments
-
Regulatory adjustments applied to Additional Tier 1 due to
42 -
insufficient Tier 2 to cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital -
44 Additional Tier 1 capital (AT1) -
45 Tier 1 capital (T1 = CET 1 + AT 1) 35,289,620
2025 Annual Report 443
Page 13
05 Information on Capital and Risk Exposure
Ref. No. sourced from
Total
No. Component the Consolidated
(Audited)
Balance Sheet1)
TIER 2 CAPITAL: INSTRUMENTS AND PROVISIONS
Directly issued qualifying Tier 2 instruments plus related stock
46 2,216,667
surplus
47 Directly issued capital instruments subject to phase out from Tier 2 N/A
Tier 2 instruments (and CET1 and AT1 instruments not included
48 in rows 5 or 34) issued by subsidiaries and held by third parties -
(amount allowed in group Tier 2)
49 of which: instruments issued by subsidiaries subject to phase out N/A
50 Provisions 2,060,219
51 Tier 2 capital before regulatory adjustments 4,276,886
TIER 2 CAPITAL: REGULATORY ADJUSTMENT
52 Investments in own Tier 2 instruments N/A
Reciprocal cross-holdings in Tier 2 instruments and other TLAC
53 -
liabilities
Investments in the other TLAC liabilities of banking, financial
and insurance entities that are outside the scope of regulatory
consolidation and where the bank does not own more than 10% of
54 N/A
the issued common share capital of the entity: amount previously
designated for the 5% threshold but that no longer meets the
conditions (for G-SIBs only)
Significant investments in the capital and other TLAC liabilities of
55 banking, financial and insurance entities that are outside the scope N/A
of regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments -
56a. Sinking fund -
56b. Investments in Tier 2 instruments of other Banks -
57 Total regulatory adjustments to Tier 2 capital -
58 Tier 2 capital (T2) 4,276,886
59 Total capital 39,566,506
60 Total risk weighted assets 189,133,497
RASIO KECUKUPAN PEMENUHAN MODAL MINIMUM (KPMM) DAN TAMBAHAN MODAL (CAPITAL BUFFER)
61 Common Equity Tier 1 (as a percentage of risk weighted assets) 17.60%
62 Tier 1 (as a percentage of risk weighted assets) 18.66%
63 Total capital (as a percentage of risk weighted assets) 20.92%
Institution specific buffer requirement (minimum CET1 requirement
plus capital conservation buffer plus countercyclical buffer
64 3.50%
requirements plus G-SIB buffer requirement, expressed as a
percentage of risk weighted assets)
65 of which: capital conservation buffer requirement 2.50%
444 2025 Annual Report
Page 14
PT Bank Tabungan Negara (Persero) Tbk
Ref. No. sourced from
Total
No. Component the Consolidated
(Audited)
Balance Sheet1)
66 of which: Bank specific countercyclical buffer requirement 0.00%
67 Of which: higher loss absorbency requirement 1.00%
Common Equity Tier 1 available to meet buffers (as of percentage
68 9.25%
of risk weighted assets)
NATIONAL MINIMA (IF DIFFERENT FROM BASEL 3)
69 National Common Equity Tier 1 minimum ratio -
70 National Tier 1 minimum ratio N/A
71 National total capital minimum ratio N/A
AMOUNTS BELOW THE THRESHOLD FOR DEDUCTION (BEFORE RISK WEIGHTING)
Non-significant investments in the capital and other TLAC
72 N/A
liabilities of other financial entities
73 Significant investments in the common stock of financial entities N/A
74 Mortgage servicing rights (net of related tax liability) N/A
Deferred tax assets arising from temporary differences (net of
75 N/A
related tax liability)
CAPS ON THE INCLUSION OF PROVISIONS IN TIER 2
Provisions eligible for inclusion in Tier 2 in respect of exposures
76 N/A
subject to standardised approach (prior to application of cap)
Cap on inclusion of provisions in Tier 2 under standardised
77 N/A
approach
Provisions eligible for inclusion in Tier 2 in respect of exposures
78 subject to internal ratings-based approach (prior to application N/A
of cap)
Cap for inclusion of provisions in Tier 2 under internal ratings-
79 N/A
based approach
CAPITAL INSTRUMENTS SUBJECT TO PHASE OUT ARRANGEMENTS (ONLY APPLICABLE BETWEEN 1 JAN 2018 AND 1 JAN 2022)
Current cap on CET1 instruments subject to phase out
80 N/A
arrangements
Amount excluded from CET1 due to cap (excess over cap after
81 N/A
redemptions and maturities)
Current cap on AT1 instruments subject to phase out
82 N/A
arrangements
Amount excluded from AT1 due to cap (excess over cap after
83 N/A
redemptions and maturities)
Current cap on Tier 2 instruments subject to phase out
84 N/A
arrangements
Amount excluded from Tier 2 due to cap (excess over cap after
85 N/A
redemptions and maturities)
Notes:
*)
Net of amortization based on remaining maturity
**)
Items marked as N/A are not applicable
2025 Annual Report 445
Page 15
05 Information on Capital and Risk Exposure
Capital - Capital Reconciliation (CC2)
(in IDR Millions)
Statement on
consolidated financial
Statement on
position with the scope
Financial Position
of consolidation based
No Posts Publication
on the provisons of
prudential
December 31, 2025 December 31, 2025
ASSETS
1 Cash 2,154,839
2 Placement with Bank Indonesia 46,727,811
3 Placement from other bank 2,515,971
4 Spot and Derivative Receivables/Forward -
5 Securities Owned 59,746,562
6 Securities Sold under Repurchase Agreement (Repo) 413,096
7 Receivables from Securities Purchased under Agreement to 1,683,840
Resell (Reverse Repo)
8 Acceptance receivable 574,901
9 Loans 345,702,924
10 Sharia Financing 54,873,163
11 Capital Investment 29
12 Other Financial Assets 12,285,436
13 Allowance for impairment losses on financial assets -/-
a Securities Owned (52)
b Provided loan and sharia payment (15,314,236)
c Others (2,174)
14 Intangible Assets 1,319,789
Accumulated amortization of intangible assets -/- (66,521)
15 Fixed Assets and Inventories 15,950,513
Accumulated depreciation of fixed assets and inventory -/- (5,441,785)
16 Non-productive assets -
a Abandoned Property 353
b Taken over assets 77,591
c Pending account -
d Inter-office assets -
17 Other Assets 4,591,370
TOTAL ASSETS 527,793,420
LIABILITY AND EQUITY
LIABILITY
1 Demand deposits 169,242,419
2 Savings deposits 43,884,181
3 Deposits 224,271,277
446 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Statement on
consolidated financial
Statement on
position with the scope
Financial Position
of consolidation based
No Posts Publication
on the provisons of
prudential
December 31, 2025 December 31, 2025
4 e-Money -
5 Liabilities to Bank Indonesia -
6 Liabilities to other banks 122,917
7 Liabilities of spot and derivative/forward -
8 Liabilities to securities sold under repurchase aggreement 349,076
(repo)
9 Acceptance liability 574,901
10 Securities Issued 5,977,216
11 Fund Borrowings/Financing 41,491,851
12 Guarantee Deposits 10,775
13 Inter-office liabilities -
14 Other liabilities 5,658,514
15 Minority interest 18
TOTAL LIABILITIES 491,583,145
EQUITY
16 Paid-up capital
a Authorized Capital 10,239,216 A
b Unpaid capital -/- (3,221,994) B
c Treasury stock -/- -
17 Additonal paid-in capital -
a Agio 4,418,900 C
b Disagio -/- -
c Capital deposit fund -
d Others -
18 Other Comprehensive Income -
a Gain 4,049,670
b Loss -/- (1,170,911)
19 Reserves -
a General Reserves 4,621,242
b Destination Reserves 845,270
20 Profit/loss -
a Previous years 13,679,561 D
b Current year 3,501,154 E
c Paid dividens -/- (751,833) D
TOTAL EQUITY 36,210,275
TOTAL LIABILITIES AND EQUITY 527,793,420
2025 Annual Report 447
Page 17
05 Information on Capital and Risk Exposure
Capital - Key Feature of Capital and Tlac-Eligible Instruments (CCA)
Disclosure of Capital Instrument Feature Details
Subordinated Shareholder
No Questions Common Stock PUB Bond
Loan (PT SMF 1) Loan
PT Bank Tabungan PT Bank Tabungan PT Bank Tabungan PT Bank Tabungan
1 Issuer Negara (Persero) Negara (Persero) Negara (Persero) Negara (Persero)
Tbk Tbk Tbk Tbk
2 Identification Number BBTN 63 6 39
3 Applicable Law Indonesian Law Indonesian Law Indonesian Law Indonesian Law
Means enabling the implementation
obligation in Section 13 of the achieved
3a N/A N/A N/A N/A
TLAC Term Sheet (for other valid TLAC
instruments governed by foreign law)
Instrument Treatment Based on CAR
Provisions
4 During the Transition Period N/A N/A N/A N/A
5 After the Transition Period CET 1 Tier 2 Tier 2 Additional Tier 1
Is the instrument eligible for Individual/
Consolidation Consolidation Consolidation
6 Consolidated or Consolidated and Individual
and Individual and Individual and Individual
Individual
Subordinated Subordinated Subordinated
7 Instrument Type Common Stock
Loan Bonds Loan
Recognized Amount in the CAR
8 11,436,122 (1,250,000) (33,333) 2,000,000
Calculation (in millions of Rupiah)
Par Value of the Instrument (in millions
9 7,017,222 1,500,000 2,000,000 2,000,000
of Rupiah)
Classification in Accordance with Liabilities - Liabilities - Liabilities -
10 Equity
Financial Accounting Standards Amortized Cost Amortized Cost Amortized Cost
11 Issuance Date 17/12/2009 15/11/2021 12/12/2025 23/12/2025
No maturity (perpetual) or with Perpetual with
12 Perpetual With Maturity With Maturity
maturity Call Option
13 Maturity Date N/A 15/11/2026 12/12/2030 N/A
Call option exercise with approval from
14 No No Call Option No Call Option Yes
the Financial Services Authority
Call option date, withdrawal
15 amount, and other call option N/A N/A N/A N/A
requirements (if any)
16 Subsequent Call Option N/A N/A N/A N/A
Coupon/Dividend
Dividend/coupon with fixed or
17 Floating Fixed Fixed Fixed
floating interest
Coupon rate or other reference
18 N/A 7.65% 6.65% 6,95%
index
448 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Disclosure of Capital Instrument Feature Details
Subordinated Shareholder
No Questions Common Stock PUB Bond
Loan (PT SMF 1) Loan
Presence or absence of a dividend
19 No No No No
stopper
Fully discretionary; Partial or
20 Mandatory Mandatory Mandatory Fully discretionary
mandatory
Is there a step-up feature or other
21 No No No No
incentives?
22 Non-cumulative or cumulative Non-kumulatif Noncumulative Noncumulative Noncumulative
23 Convertible or non-convertible Non-convertible Convertible Non-convertible Convertible
If convertible, explain the trigger Point of Non Point of Non
24 N/A N/A
point Viability Viability
25 If convertible, is it fully or partially? N/A Fully N/A Fully
Conversion Conversion
rate/price is rate/price is
determined determined
If convertible, what is the conversion at the time of at the time of
26 N/A N/A
rate? conversion in conversion in
accordance with accordance with
the prevailing the prevailing
regulation regulation
If convertible, is it mandatory or
27 N/A Mandatory N/A Mandatory
optional?
If convertible, explain the type of
28 N/A CET - 1 N/A CET - 1
convertible instrument
If convertible, explain the issuer of
29 N/A Bank BTN N/A Bank BTN
the instrument it converts into
30 Write-down features No No No No
If a write-down occurs, state the Point of Non
31 N/A N/A N/A
trigger Viability
If a write-down occurs, is it full or
32 N/A N/A Fully N/A
partial
If a write-down occurs, is it
33 N/A N/A Permanent N/A
permanent or temporary
If a write-down occurs, explain the
34 N/A N/A N/A N/A
write-up mechanism
Preferred Preferred Preferred
Creditors Creditors Creditors
> Senior Debt > Senior Debt > Senior Debt
35 Instrument hierarchy upon liquidation Last right
Holders Holders Holders
> Subordinated > Subordinated > Subordinated
Borrowers Borrowers Borrowers
36 Are there any non-compliant features? No N/A N/A N/A
If Yes, explain the non-compliant
37 N/A N/A N/A N/A
features
2025 Annual Report 449
Page 19
05 Information on Capital and Risk Exposure
QUALITATIVE DISCLOSURE ON CAPITAL STRUCTURE AND CAPITAL ADEQUACY
a. In 2025, the Company issued 2 capital instruments to strengthen its capital structure, namely:
1) Shelf Registered Public Offering (PUB) of BTN Subordinated Bonds I Phase I Year 2025, with the following
information:
i. Nominal : IDR2,000,000,000,000
ii. Coupon & Tenor : 6.65% p.a. fixed for 5 years
iii. Transaction Date : December 12, 2025
iv. Maturity Date : December 12, 2030
v. Coupon Payment : Paid quarterly
vi. Principal Payment : Paid at maturity
vii. Subordination Feature : Write-down in the event of a point of non-viability
viii. Capital Component Recognition : Tier-2 (Supplementary Capital)
ix. Subordinated Bond Rating : idAA (Double A) from Pefindo. The Subordinated Bond rating is two
notches below the Company’s rating, taking into account the non-
viability clause in accordance with prevailing regulations.
x. Other Information : Does not have a call option feature and step-up feature
2) Withdrawal of Shareholder Loan from PT Danantara Asset Management (Persero), with the following information:
i. Nominal : IDR2,000,000,000,000
ii. Coupon : 6.95% p.a.
iii. Transaction Date : December 23, 2025
xi. Tenor : Perpetual with a call option feature with a redemption period for the
principal of at least 5 years from the withdrawal date with OJK approval.
xii. Coupon Payment : Paid quarterly while referring to the provisions of POJK No. 34 of 2016
iv. Subordination Feature : Share conversion in the event of a point of non-viability
v. Capital Component Recognition : Additional Tier 1 (AT-1)
xiii. Other Information : Not rated, does not have a call option feature and step-up feature
3) In addition to the new issuance, the Company still has an outstanding Subordinated Loan from PT Sarana
Multigriya Finansial (Persero) with the following information:
i. Total transaction value : IDR1,500,000,000,000
ii. Loan interest and tenor : 7.65% p.a. fixed for 5 years
iii. Transaction date/fund received : November 15, 2021
iv. Maturity date : November 15, 2026
v. Subordination Feature : Share conversion in the event of a point of non-viability
vi. Capital Component Recognition : Tier-2 (Supplementary Capital)
vii. Interest installment : Paid monthly
viii. Principal installment : Paid at the end of the period/maturity
ix. Other Information : Not rated, does not have a call option feature and step-up feature
b. Capital Adequacy in the Calculation of KPMM
The total core capital of the Company (consolidated) in 2025 amounted to IDR35.3 trillion, higher than in 2024
which amounted to IDR29.8 trillion. Meanwhile, the Company’s supplementary capital in 2025 amounted to IDR4.2
trillion, higher than the supplementary capital in 2024 which amounted to IDR2.4 trillion. The increase in Core
Capital and Supplementary Capital was in line with the issuance of Subordinated Bonds amounting to IDR2 trillion
as supplementary capital and the placement of Shareholder Loan amounting to IDR2 trillion in AT-1.
In 2025, the Company recorded a very solid KPMM Ratio with a CET1 Ratio of 15.52% (individual) and 17.60%
(consolidated), as well as a Tier 1 Ratio of 16.67% (individual) and 18.66% (consolidated). These ratios indicate that
the Bank has sufficient core capital to absorb the various risks faced by the Company. Overall, the KPMM Ratio
reached 19.02% (individual) and 20.92% (consolidated), which are well above the minimum requirement, reflecting
strong financial resilience and the Company’s ability to withstand market uncertainties.
450 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Compared to 2024, the Company recorded an improvement in the KPMM ratio, reflecting continuous efforts to
strengthen capital and risk management. This improvement indicates that the Bank is well prepared to manage
risk exposure and support long-term growth in a more stable manner.
Table of Capital Structure Details
(in IDR Millions)
2025 2024
Description
Individual Consolidation Individual Consolidation
I. CORE CAPITAL (TIER 1) 28,900,137 35,289,620 29,834,471 29,834,471
1. Common Equity Tier - CET 1 26,900,137 33,289,620 29,834,471 29,834,471
1.1 Paid-up Capital (minus Treasury Stock) 7,017,222 7,017,222 7,017,222 7,017,222
1.2 Disclosed Reserves 29,004,679 28,849,042 25,103,287 25,103,287
1.3 Calculable Non-Controlling Interest - - - -
1.4 Deduction Factors from Common Equity Tier
(9,121,764) (2,576,644) (2,286,038) (2,286,038)
1 Capital
2. Additional Tier 1 Capital (AT-1) 2,000,000 2,000,000 - -
2.1 Instruments that qualify as AT-1 2,000,000 2,000,000 - -
2.2 Share Premium/Discount - - -
2.3 Deduction Factors from Additional Tier 1 Capital - - -
II. Supplementary Capital (Tier 2) 4,082,270 4,276,886 2,438,559 2,438,559
1. Capital instruments in the form of shares or other
2,216,667 2,216,667 549,605 549,605
instruments that qualify as Tier 2
2. Share Premium/Discount - - - -
3. General allowance for productive asset
impairment that must be established (maximum 1,865,603 2,060,219 1,888,954 1,888,954
1.25% of Credit Risk RWA)
4. Deduction Factors from Supplementary Capital - - - -
Total Capital 32,982,407 39,566,506 32,273,030 32,273,030
Risk-Weighted Assets 0
RWA for credit risk 148,080,382 163,844,282 149,287,750 149,287,750
RWA for market risk 4,900,688 4,900,688 6,101,634 6,101,634
RWA for operational risk 20,388,527 20,388,527 19,055,594 19,055,594
Total RWA 173,369,597 189,133,497 174,444,978 174,444,978
KPMM Ratio according to Risk Profile 9.25% 9.25% 9.25% 9.25%
CET 1 Ratio 15.52% 17.60% 17.10% 17.10%
Tier 1 Ratio 16.67% 18.66% 17.10% 17.10%
Tier 2 Ratio 2.35% 2.26% 1.40% 1.40%
KPMM Ratio 19.02% 20.92% 18.50% 18.50%
2025 Annual Report 451
Page 21
05 Information on Capital and Risk Exposure
Risk Management – Bank Risk Management Approach (OVA)
The Company manages Risk Management based on formulates transaction approval mechanisms,
the prudential principle, consistent with the objective of and ensures that all material risks have been
maintaining business sustainability, financial stability, properly addressed. The Board of Directors is
and the Company’s reputation. This process is carried out also responsible for developing a risk culture
in a structured, transparent, and responsive manner to throughout the organization, ensuring adequate
changes in both internal and external environments. The resources, and enhancing competencies
following outlines the disclosure regarding the objectives related to Risk Management, as well as ensuring
and policies of risk management, which include: that the Risk Management function operates
independently and complies with applicable
a. Business Model and Interaction with the Overall Risk regulatory provisions.
Profile 3) Risk Management Committee
The Company identifies and manages various types The Risk Management Committee is responsible
of risks that may affect the achievement of the for developing Risk Management policies and
Company’s strategic and operational objectives. guidelines for their implementation, as well as
The business model implemented by the Company evaluating and improving the implementation
encompasses various business lines and products of Risk Management based on the results
with different risk profiles. Each type of risk, whether of these evaluations. This committee also
market risk, credit risk, operational risk, or other determines business decisions that deviate
strategic risks, is disclosed transparently and closely from normal procedures, such as significant
monitored to ensure that the risks undertaken business expansion or taking risky positions
remain within the risk tolerance limits approved by that exceed established limits. In addition, the
the Board of Directors. This business model interacts Committee is responsible for establishing and
with the Company’s overall risk profile, ensuring that approving Risk limits, both overall and per Risk
the risks undertaken do not exceed the established type or functional activity, and periodically
risk capacity and risk tolerance. evaluating them to ensure the accuracy of the
Risk assessment methodology, the adequacy
b. Risk Governance Structure of the implementation of the Risk Management
The Company has a clear governance structure in information system, and the appropriateness of
risk management, involving various relevant parties procedures and risk limits.
within the organization, ranging from the Board of 4) Risk Monitoring Committee
Commissioners level to business units and other The Risk Monitoring Committee is tasked with
supporting functions. This structure includes: and responsible for providing recommendations
1) Board of Commissioners to the Board of Commissioners by evaluating the
In implementing effective Risk Management, Company’s risk management policy guidelines
the authority and responsibilities of the Board of (Credit Risk, Market Risk, Liquidity Risk, Operational
Commissioners are carried out in accordance Risk, Legal Risk, Strategic Risk, Compliance Risk,
with the prevailing regulatory provisions related and Reputation Risk), evaluating the alignment
to the Implementation of Risk Management for between the Company’s risk management
Commercial Banks and the Implementation of policy guidelines and their implementation, and
Governance for Commercial Banks. monitoring and evaluating the performance of
2) Board of Directors the Risk Management Committee. In carrying
Responsible for formulating, establishing, and out its duties and responsibilities, the Risk
evaluating the Company’s Risk Management Monitoring Committee is assisted by the Risk
policies, strategies, and framework, including Management and ESG Work Unit acting as the
determining overall risk limits and risk limits per Committee’s secretary to organize and schedule
type of risk by considering Risk Appetite and Risk regular meetings to discuss current issues,
Tolerance in accordance with the Company’s including: Quarterly Risk Profile (Individual &
condition. The Board of Directors also ensures the Consolidated), Bank Soundness Level (Individual
implementation of approved Risk Management and Consolidated), Recovery Action Plan, Risk
policies and procedures and evaluates reports Maturity Index, and other matters related to BTN’s
from the Risk Management Work Unit, including risk management, including reviewing the Risk
risk profile reports. In addition, the Board of Management Policy Guidelines which contain
Directors establishes an organizational structure the Company’s Risk Appetite and Risk Tolerance.
with clear authority and responsibilities,
452 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
5) Integrated Risk Management Committee laws and regulations as well as Sharia Principles. In
Responsible for formulating policies and addition, the function ensures that the Company’s
guidelines for the implementation of Integrated business activities comply with OJK provisions
Risk Management, as well as conducting and other regulations, including those related to
evaluations and improvements to its climate risk, and performs other duties related to the
implementation based on the results of such compliance function.
evaluations. The Committee is also tasked with 8) Internal Audit Function
submitting reports to the Board of Directors, Responsible for evaluating the reliability of
establishing risk strategies and frameworks in the Company’s Risk Management framework,
accordance with the level of risk undertaken, which includes policies, organizational structure,
and setting risk limits for each financial resource allocation, process design, information
services institution (LJK) within the Financial systems, and risk reporting. In addition, this
Conglomeration. In addition, the Committee function also reviews the implementation of Risk
evaluates risk profile reports, reviews proposed Management by business units and supporting
business decisions that deviate from normal activities, as well as monitors the monitoring
procedures, and ensures that the policies and activities conducted by the Risk Management
procedures implemented in the Company Business Unit.
comply with prevailing regulations and are
adequate to manage risks. The Committee c. Code of Conduct
also provides recommendations related to the The Company has formulated several policy
improvement and enhancement of policies and instruments that serve as guidelines for ethical
measures related to risk management. conduct and behavior for every element of the
6) Risk Management Business Unit Company in carrying out its business activities.
Responsible for providing input to the Board of The Company strives to implement ethical and
Directors in the formulation of Risk Management behavioral standards in conducting all of its business
policies and strategies, as well as developing activities in accordance with its vision, mission, and
procedures and tools for risk identification, cultural values through the implementation of the
measurement, monitoring, and control. The unit Code of Conduct.
also monitors the implementation of approved
policies, oversees overall risk exposure, and The Code of Conduct contains ethical and behavioral
conducts stress testing to assess the impact standards for the Company as a business entity and
of policies on the Company’s performance. all its elements in interacting with various internal
This work unit also reviews proposals for new and external interested parties. The application of
products, performs internal control testing, the Code of Conduct aims to realize ideal behaviors
and provides recommendations related to that develop into a work culture based on the noble
the implementation of Risk Management. In values believed by the Company.
addition, the unit evaluates the data used in
risk assessment models, prepares periodic risk The Code of Conduct applies to the Board of
profile reports, and conducts reviews of the Commissioners, the Board of Directors, and
Risk Management framework and information Employees in carrying out all business activities
systems. The unit also manages climate risk and of the Company and in interactions between
provides information related to climate change the Commissioners, Directors, and Employees
to the Board of Directors to enhance oversight of with all stakeholders. The formal declaration of
relevant business activities. the Code of Conduct’s applicability across all
7) Compliance Function organizational levels is stipulated through the Joint
Responsible for supporting the creation of a Decree of the Board of Commissioners Number
compliance culture across all of the Company’s 01/SKPB/KOM/BTN/2024 and the Board of Directors
business activities at every level of the organization. Number SKPB-01/DIR/BTN/2024 concerning the
This function identifies, measures, monitors, and Business Ethics and Conduct Guidelines (Code of
controls Compliance Risk in accordance with the Conduct) of PT Bank Tabungan Negara (Persero)
provisions of the Financial Services Authority (OJK) Tbk. The Company mandates the signing of a
applicable to commercial banks and Islamic banks. corporate statement of commitment to the Code
The function also assesses and evaluates the of Conduct, known as the Integrity Pact, which must
effectiveness of the Company’s policies, regulations, be duly implemented. The successful enforcement
systems, and procedures, and recommends of the Code of Conduct is the responsibility of
improvements to ensure alignment with prevailing all leaders within their respective work units.
2025 Annual Report 453
Page 23
05 Information on Capital and Risk Exposure
Therefore, all unit leaders are required to provide Commissioners, and the Company’s employees. In
a clear understanding of the Code of Conduct’s addition, the Code of Conduct can also be accessed
implementation to employees within their respective by all of the Company’s stakeholders through the
work environments. Company’s website.
The Code of Conduct has been disseminated d. Determination of Risk Limits
and can be accessed by all Company personnel The Company has carried out a series of processes
through the BTNBEST media, and a quiz on the in determining risk limits, which are formulated and
Code of Conduct is organized to assess employees’ elaborated by following and/or aligning with the
understanding of the Code of Conduct. Commitment Company’s Work Plan and Budget up to the Recovery
to the implementation of the Code of Conduct is also Plan in accordance with prevailing regulations. The
stipulated in the Integrity Pact, which must be signed overview of the determination of risk limits is as follows:
by all members of the Board of Directors, the Board of
RKAP
01 RKAP
Company Work Plan and Budget
Bussiness as Usual prepared for the next 1
(one) year
02 RISK APPETITE
Contingency Actions Risk Appetite (RA)
RISK TOLERANCE Risk Appetite is the level of risk that the
03 Bank is willing to
take in order to achieve targets
Recovery Plan Actions
RECOVERY PLAN
04 Risk Tolerance (RT)
PREVENTION
Recovery Plan Actions Risk Tolerance represents the maximum
RECOVERY PLAN level of risk determined by the Bank.
05 RECOVERY
Recovery Plan Actions Recovery Plan
RECOVERY PLAN
06 A Recovery Plan represents an action
IMPROVEMENT plan to address potential problems.
In maintaining the adequacy of risk management or assess the level of capital resilience possessed
policies and procedures as well as the determination by the Bank in anticipating negative impacts arising
of risk limits, a review of internal policies is from deteriorating economic conditions. In this
conducted to ensure alignment with the latest regard, the economic conditions used in the stress
regulatory provisions through gap analysis and by testing scenarios are represented by 1 (one) baseline
accommodating best practices commonly applied scenario and 2 (two) adverse scenarios (namely:
in the banking industry to enhance the quality of risk Adverse Scenario 1 and Adverse Scenario 2) for the
management implementation. Reviews of internal next 3 (three) years.
policies have been conducted periodically at least
once a year by the Board of Commissioners and the The baseline scenario represents conditions where
Board of Directors by refining the risk management the global economy shows recovery in line with
policies. expectations and the domestic economic recovery
is expected to continue gradually. The adverse
e. Implementation of Stress Testing scenarios consist of Adverse 1 and Adverse 2.
The Company conducts stress testing periodically Adverse Scenario 1 is designed to test the Bank’s
using a scenario-based stress testing approach. The resilience when the economy experiences a
stress testing scenarios are carried out to evaluate relatively deep contraction but over a short period,
454 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
followed by a rapid recovery in economic conditions, f. Internal Control System
with a relatively low probability of occurrence. In implementing an effective Risk Management
Meanwhile, Adverse Scenario 2 is designed to test process, the Company complements it with an
the Bank’s resilience when the economy experiences internal control system aimed at safeguarding the
a contraction that is not as deep as in Adverse Company’s assets, ensuring the availability of reliable
Scenario 1 but persists for a relatively longer period financial and managerial reporting, enhancing
and is followed by a slower recovery in economic compliance with prevailing laws and regulations,
conditions, with a relatively higher probability of and reducing the risk of losses, irregularities, and
occurrence. In addition to evaluating the impact violations of prudential aspects.
on capital, in the stress testing scenarios the Bank
also evaluates or assesses the impact of stressed The implementation of a reliable and effective
economic conditions on net interest income and internal control system is the responsibility of all
Risk-Weighted Assets (RWA). operational work units and supporting work units as
well as the Internal Audit Work Unit, the process of
which is illustrated as follows:
Three Lines Model
Management Organs Management Organs
Accountability to stakeholders for organizational oversight BoC
Role of the Management Organ: Integrity, leadership, and transparency
External Assurance Provider
Management
BoD
Management Internal Audit
Actions (including risk management) Independent
to achieve organizational objectives assurance First Line:
Business & Operational Units
First-line roles: Second-line roles: Third-line roles:
Providing products/ Expertise, Independent
services to clients, assistance, and objective
Second Line:
managing risk monitoring, and assurance and Compliance, Risk, & Policy Unit
challenge on risk- advice on all
related matters matters related to
the achievement Third Line:
of objectives
Internal Audit
Key Accountability, Delegation, direction, Alignment,
Reporting Providing resources Communication,
and Oversight and Collaboration
2025 Annual Report 455
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05 Information on Capital and Risk Exposure
Leverage Ratio
Leverage Ratio Compliance Report
Bank Individually
(in IDR Millions)
No. Item Total
1 Total assets in the Statement of Financial Position as per the published financial statements
476,963,645
(gross value before deducting Allowance for Impairment Losses - CKPN)
2 Adjustment for investments in banking, financial, insurance or commercial entities that are
(7,188,001)
consolidated for accounting purposes but outside the scope of regulatory consolidation"
3 Adjustments for securitized asset pools that meet the operational requirements for the
(171,393)
recognition of risk transference
4 Adjustments for temporary exemption of current accounts at Central Bank to meet the
-
minimum reserve requirement (if applicable)
5 Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative
-
accounting framework but excluded from the leverage ratio exposure measure"
6 Adjustments for regular-way purchases and sales of financial assets subject to trade date
-
accounting
7 Adjustments for eligible cash pooling transactions -
8 Adjustments for derivative transaction exposure -
9 Adjustments for Securities Financing Transaction (SFT) exposure, e.g., reverse repo
1,747,860
transactions
10 Adjustments for Off-Balance Sheet Transactions exposure multiplied by Credit Conversion
8,139,196
Factor (CCF)
11 Prudential assessment adjustments as deduction factors such as capital reduction factors
(12,569,141)
and Allowance for Impairment Losses (CKPN)
12 Other adjustments (21,490,792)
13 Total Exposure in Leverage Ratio 445,431,375
Bank Consolidated with Subsidiaries
(in IDR Millions)
No. Item Total
1 Total assets in the Statement of Financial Position as per the published financial statements
543,969,741
(gross value before deducting Allowance for Impairment Losses - CKPN)
2 Adjustment for investments in banking, financial, insurance or commercial entities that are
(29)
consolidated for accounting purposes but outside the scope of regulatory consolidation"
3 Adjustments for securitized asset pools that meet the operational requirements for the
(171,393)
recognition of risk transference
4 Adjustments for temporary exemption of current accounts at Central Bank to meet the
-
minimum reserve requirement (if applicable)
456 2025 Annual Report
Page 26
PT Bank Tabungan Negara (Persero) Tbk
No. Item Total
5 Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative
-
accounting framework but excluded from the leverage ratio exposure measure"
6 Adjustments for regular-way purchases and sales of financial assets subject to trade date
-
accounting
7 Adjustments for eligible cash pooling transactions -
8 Adjustments for derivative transaction exposure -
9 Adjustments for Securities Financing Transaction (SFT) exposure, e.g., reverse repo
1,747,860
transactions
10 Adjustments for Off-Balance Sheet Transactions exposure multiplied by Credit Conversion
8,309,296
Factor (CCF)
11 Prudential assessment adjustments as deduction factors such as capital reduction factors
(14,280,443)
and Allowance for Impairment Losses (CKPN)
12 Other adjustments (20,701,227)
13 Total Exposure in Leverage Ratio 518,873,804
Leverage Ratio Calculation Report
Bank Individually
(in IDR Millions)
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
ASSET EXPOSURE IN THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)
1 On Balance Sheet items (excluding derivatives and SFTs, but including
455,301,460. 0 505,198,638
collateral)
2 Gross up for derivatives collateral provided where deducted from the B/S
- -
assets pursuant to the operative accounting framework
3 (Deduction of receivalvels assets for cash variation margin provided in
- -
derivatives transaction)
4 (Adjustment for securities received under securities financing transactions
- -
that are recognised as an asset)
5 (Provision on these assets as per accounting standards) (10,635,377.6) (11,028,102)
6 (Assets already deducted as part of Core Capital as per OJK minimum
(9,121,764.0) (3,633,802)
capital requirements)
7 Total on-balance sheet exposures (excluding derivatives and SFTs) (sum
435,544,318.4 490,536,734
of rows 1 to 6)
DERIVATIVES EXPOSURE
8 Replacement cost associated with all derivatives transaction (where
applicable net of eligible cash variation margin and/or with bilateral - -
netting)
9 Potential Future Exposure (PFE) for all derivative transactions - -
2025 Annual Report 457
Page 27
05 Information on Capital and Risk Exposure
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
10 (Exempted central counterparty (CCP) leg of client-cleared trade
N/A N/A
exposures)
11 Adjusted effective notional amount of written credit derivatives - -
12 (Adjusted effective notional offsets and add on deductions for written
- -
credit derivatives)
13 Total derivatives Exposures (sum of rows 8 to 12) - -
SECURITIES FINANCING TRANSACTION EXPOSURES
14 Gross SFT assets (with no recognition of netting), after adjusting for sales
2,096,935.9 545,579
accounting transaction
15 (Netted amounts of cash payables and cash receivables of gross SFT
(349,076) (342,159)
assets)
16 CCR exposure for SFT assets - -
17 Agent transaction exposures - -
18 Total Securities Financing Transaction Exposures (sum of rows 14 to 17) 1,747,860.4 203,420
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
OTHER OFF-BALANCE SHEET EXPOSURES
19 Total commitments or contingent liabilities (Gross value before CKPN
25,765,442.5 17,938,702.7
deduction)Off-balance sheet exposure at gross notional amount
20 (Adjustment for conversion to credit equivalent amount) (17,595,131.5) (11,298,797.9)
21 (Specific and general provisions associated with off-balance sheet
(31,114.8) (138,154.6)
exposures deducted in determining Tier 1 Capital )
22 Off Balance Sheet Items (sum of rows 19 to 21) 8,139,196 6,501,750
CAPITAL AND TOTAL EXPOSURES
23 Tier 1 Capital 28,900,137 30,634,918
24 Total Exposures (sum of rows 7, 13, 18, 22) 445,431,375 497,241,904
LEVERAGE RATIO
25 Leverage ratio (including the impact of any applicable temporary
6.49% 6.16%
exemption of central bank reserves)
25a Leverage ratio (excluding the impact of any applicable temporary
6.49% 6.16%
exemption of central bank reserves)
26 National Minimum Leverage Ratio Requirement 3% 3%
27 Applicable Leverage Buffer N/A N/A
458 2025 Annual Report
Page 28
PT Bank Tabungan Negara (Persero) Tbk
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
DISCLOSURES OF MEAN VALUES
28 Mean value of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash 873,930 101,710
receivables
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash 1,747,860 203,420
receivables
30 Total exposures (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
446,305,305 497,343,614
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
30a Total exposures (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
446,305,305 497,343,614
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
31 Leverage ratio (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
6.48% 6.16%
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
31a Leverage ratio (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
6.48% 6.16%
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
Bank Consolidated with Subsidiaries
(in IDR Millions)
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
ASSET EXPOSURE IN THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)
1 On Balance Sheet items (excluding derivatives and SFTs, but including 523,097,121 505,735,994
collateral)
2 Gross up for derivatives collateral provided where deducted from the B/S - -
assets pursuant to the operative accounting framework
3 (Deduction of receivalvels assets for cash variation margin provided in - -
derivatives transaction)
4 (Adjustment for securities received under securities financing transactions - -
that are recognised as an asset)
5 (Provision on these assets as per accounting standards) (11,703,828,6) (11,028,102)
6 (Assets already deducted as part of Core Capital as per OJK minimum (2,576,644,2) (2,525,802)
capital requirements)
2025 Annual Report 459
Page 29
05 Information on Capital and Risk Exposure
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
7 Total on-balance sheet exposures (excluding derivatives and SFTs) 508,816,648 492,182,090
(sum of rows 1 to 6)
DERIVATIVES EXPOSURE
8 Replacement cost associated with all derivatives transaction (where - -
applicable net of eligible cash variation margin and/or with bilateral
netting)
9 Potential Future Exposure (PFE) for all derivative transactions - -
10 (Exempted central counterparty (CCP) leg of client-cleared trade N/A N/A
exposures)
11 Adjusted effective notional amount of written credit derivatives - -
12 (Adjusted effective notional offsets and add on deductions for written - -
credit derivatives)
13 Total derivatives Exposures (sum of rows 8 to 12) - -
SECURITIES FINANCING TRANSACTION EXPOSURES
14 Gross SFT assets (with no recognition of netting), after adjusting for sales 2,096,936 545,579
accounting transaction
15 (Netted amounts of cash payables and cash receivables of gross SFT (349,076) (342,159)
assets)
16 CCR exposure for SFT assets - -
17 Agent transaction exposures - -
18 Total Securities Financing Transaction Exposures (sum of rows 14 to 17) 1,747,860 203,420
OTHER OFF-BALANCE SHEET EXPOSURES
Total commitments or contingent liabilities (Gross value before CKPN
19 27,242,028.4 17,938,702.7
deduction)Off-balance sheet exposure at gross notional amount
20 (Adjustment for conversion to credit equivalent amount) (18,801,496.4) (11,298,797.9)
(Specific and general provisions associated with off-balance sheet
21 (131,236.3) (138,154.6)
exposures deducted in determining Tier 1 Capital )
22 Off Balance Sheet Items (sum of rows 19 to 21) 8,309,296 6,501,750
CAPITAL AND TOTAL EXPOSURES
23 Tier 1 Capital 35,289,620 31,742,919
24 Total Exposures (sum of rows 7, 13, 18, 22) 518,873,804 498,887,260
460 2025 Annual Report
Page 30
PT Bank Tabungan Negara (Persero) Tbk
Period
Item T
T-1
Dec 2025
(Sep 2025)
(Audited)
LEVERAGE RATIO
Leverage ratio (including the impact of any applicable temporary
25 6.80% 6.36%
exemption of central bank reserves)
Leverage ratio (excluding the impact of any applicable temporary
25a 6.80% 6.36%
exemption of central bank reserves)
26 National Minimum Leverage Ratio Requirement 3% 3%
27 Applicable Leverage Buffer N/A N/A
DISCLOSURES OF MEAN VALUES
Mean value of gross SFT assets, after adjustment for sale accounting
28 transactions and netted of amounts of associated cash payables and cash 873,930 101,710
receivables
Quarter-end value of gross SFT assets, after adjustment for sale accounting
29 transactions and netted of amounts of associated cash payables and cash 1,747,860 203,420
receivables
Total exposures (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
30 519,747,734 498,988,970
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
Total exposures (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
30a 519,747,734 498,988,970
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
Leverage ratio (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
31 6.79% 6.36%
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
Leverage ratio (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row
31a 6.79% 6.36%
28 of gross SFT assets (after adjustment for sale accounting transactions
and netted of amounts of associated cash payables and cash receivables)
2025 Annual Report 461
Page 31
05 Information on Capital and Risk Exposure
Credit Risk
Disclosure of Net Receivables by Region – Bank individually
December 31, 2025
Net Receivables by Region
No. Portfolio Category
Jawa Non
Jabodetabek Sumatera Others* Total
Jabodetabek
1 Receivables from the
70,450,273 - - 97 70,450,370
Government
2 Receivables from Public Sector
20,408,856 458,787 - - 20,867,643
Entities
3 Receivables from Multilateral
Development Banks and - - - - -
International Institutions
4 Receivables from Banks 3,515,936 - - - 3,515,936
5 Receivables of a Covered Bond (61) - - - -
6 Receivables from Securities
Companies and Other 4,500 20,787 - 348 25,635
Financial Services Institutions
7 Receivables in the form of
Securities/Subordinated
(62) - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan 17,929,172 155,195,881 35,823,618 44,969,524 253,918,236
9 Commercial Property-backed
5,738,903 4,141,166 1,279,989 562,887 11,722,987
Loan
10 Loan for Land Acquisition,
Land Management and 6,292,042 6,303,976 879,695 924,488 14,400,263
Construction
11 Employee/Retiree Loan 310,912 873,290 243,059 457,458 1,884,758
12 Receivables from MSE and
1,628,854 7,079,409 1,467,924 3,151,484 13,327,707
Retail Portfolio
13 Corporate Receivables 27,430,816 4,132,114 107,305 265,279 31,935,550
14 Matured Receivables 1,049,302 4,894,749 442,796 481,644 6,868,493
15 Other Assets 16,342,405 - - - 16,342,405
TOTAL 171,101,821 183,100,160 40,244,386 50,813,209 445,259,982
* Others consist of Kalimantan, Sulawesi, Bali, Maluku and Papua
462 2025 Annual Report
Page 32
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2024
Net Receivables by Region
Jawa Non
Jabodetabek Sumatera Others* Total
Jabodetabek
68,371,436 - - - 68,371,436
17,196,687 - - - 17,196,687
- - - - -
6,367,595 - 201 - 6,367,795
- - - - -
24,195 - - - 24,195
- - - - -
118,332,500 75,754,252 44,629,531 47,459,038 286,175,321
2,701,783 2,009,038 1,190,145 827,760 6,728,726
11,104,214 4,175,102 1,498,692 1,177,467 17,955,476
636,415 648,216 269,615 462,238 2,016,484
2,503,639 2,069,198 1,221,528 2,438,639 8,233,004
14,589,622 2,483,507 200,134 2,540,386 19,813,649
2,989,750 1,600,445 1,001,290 973,132 6,564,617
9,589,353 3,169,722 1,021,140 1,487,854 15,268,069
254,407,188 91,909,481 51,032,276 57,366,516 454,715,460
2025 Annual Report 463
Page 33
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Region –
Bank Consolidated with Subsidiaries
December 31, 2025
Net Receivables by Region
No. Portfolio Category
Jawa Non
Jabodetabek Sumatera Others* Total
Jabodetabek
1 Receivables from the
88,158,174 - - 97 88,158,271
Government
2 Receivables from Public Sector
20,461,279 458,787 - - 20,920,066
Entities
3 Receivables from Multilateral
Development Banks and - - - - -
International Institutions
4 Receivables from Banks 3,515,936 - 25 - 3,515,961
5 Receivables of a Covered Bond - - - - -
6 Receivables from Securities
Companies and Other 4,500 20,787 - 348 25,635
Financial Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan 30,929,994 172,510,385 46,574,405 53,933,404 303,948,188
9 Commercial Property-backed
7,224,193 4,786,254 1,775,466 899,087 14,684,999
Loan
10 Loan for Land Acquisition,
Land Management and 6,292,105 6,303,976 879,695 924,488 14,400,263
Construction
11 Employee/Retiree Loan 310,952 873,290 243,059 457,458 1,884,758
12 Receivables from MSE and
1,708,538 7,178,115 1,578,380 3,229,893 13,694,927
Retail Portfolio
13 Corporate Receivables 27,434,740 4,463,934 117,656 283,919 32,300,250
14 Matured Receivables 1,173,547 5,081,743 497,525 523,098 7,275,913
15 Other Assets 17,584,820 151,056 90,291 67,013 17,893,180
TOTAL 204,798,778 201,828,327 51,756,501 60,318,805 518,702,411
* Others consist of Kalimantan, Sulawesi, Bali, Maluku and Papua
464 2025 Annual Report
Page 34
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2024
Net Receivables by Region
Jawa Non
Jabodetabek Sumatera Others* Total
Jabodetabek
68,371,436 - - - 68,371,436
17,196,687 - - - 17,196,687
- - - - -
6,367,595 - 201 - 6,367,795
- - - - -
24,195 - - - 24,195
- - - - -
118,332,500 75,754,252 44,629,531 47,459,038 286,175,321
2,701,783 2,009,038 1,190,145 827,760 6,728,726
11,104,214 4,175,102 1,498,692 1,177,467 17,955,476
636,415 648,216 269,615 462,238 2,016,484
2,503,639 2,069,198 1,221,528 2,438,639 8,233,004
14,589,622 2,483,507 200,134 2,540,386 19,813,649
2,989,750 1,600,445 1,001,290 973,132 6,564,617
9,589,353 3,169,722 1,021,140 1,487,854 15,268,069
254,407,188 91,909,481 51,032,276 57,366,516 454,715,460
2025 Annual Report 465
Page 35
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Remaining Contract Period -
Bank individually
December 31, 2025
Net Receivables by Remaining Contract Period
No. Portfolio Category
>1 year to 3 >3 years Non-
<1 year >5 years Total
years to 5 years Contractual
1 Receivables from the
70,450,370 - - - - 70,450,370
Government
2 Receivables from Public
11,936,326 3,059,317 5,872,001 - - 20,867,643
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks 2,513,736 1,002,200 - - - 3,515,936
5 Receivables of a Covered
- - - - - -
Bond
6 Receivables from
Securities Companies and
4,848 - 20,787 - - 25,635
Other Financial Services
Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8
House-backed Loan 12,883 359,907 - - 253,918,236
253,545,445
9 Commercial Property-
7,949,926 1,311,501 2,461,559 - - 11,722,987
backed Loan
10 Loan for Land Acquisition,
Land Management and 6,996,753 1,415,514 5,987,997 - - 14,400,263
Construction
11 Employee/Retiree Loan 1,849,922 1,215 33,621 - - 1,884,758
12 Receivables from MSE and
8,857,285 418,105 4,052,317 - - 13,327,707
Retail Portfolio
13 Corporate Receivables 16,094,882 10,558,734 5,281,934 - - 31,935,550
14 Matured Receivables 6,243,283 126,007 499,203 - - 6,868,493
15 Other Assets - - - - 16,342,405 16,342,405
TOTAL 386,442,776 17,905,476 24,569,325 - 16,342,405 445,259,982
466 2025 Annual Report
Page 36
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2024
Net Receivables by Remaining Contract Period
>1 year to 3 >3 years Non-
<1 year >5 years Total
years to 5 years Contractual
12,657,810 19,401,019 811,079 35,501,528 - 68,371,436
28,049 5,468,993 - 11,699,645 - 17,196,687
- - - - - -
- 6,367,595 - - 201 6,367,795
- - - - - -
- - - 24,195 - 24,195
- - - - - -
42,875 483,166 1,270,875 284,378,404 - 286,175,321
1,191 766,753 3,660 5,957,122 - 6,728,726
348,639 3,056,141 207,958 14,342,737 - 17,955,476
- 1,733 - 2,014,751 - 2,016,484
64,289 711,309 51,494 7,405,912 - 8,233,004
9,119 4,721,383 8,400 15,074,747 - 19,813,649
10,108 23,477 5,965 6,525,067 - 6,564,617
- - - - 15,268,069 15,268,069
13,162,081 41,001,570 2,359,432 382,924,108 15,268,270 454,715,460
2025 Annual Report 467
Page 37
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Remaining Contract Period -
Bank Consolidated with Subsidiaries
December 31, 2025
Net Receivables by Remaining Contract Period
No. Portfolio Category
>1 year to 3 >3 years Non-
<1 year >5 years Total
years to 5 years Contractual
1 Receivables from the
84.909.001 402.687 1.086.842 1.759.741 - 88.158.271
Government
2 Receivables from Public
11.936.326 3.111.739 5.872.001 - - 20.920.066
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks 2.513.736 1.002.200 - - 25 3.515.961
5 Receivables of a Covered
- - - - - -
Bond
6 Receivables from
Securities Companies and
4.848 - 20.787 - - 25.635
Other Financial Services
Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8 House-backed Loan 253.606.714 605.152 1.825.821 47.910.500 - 303.948.188
9 Commercial Property-
8.409.890 3.611.423 2.619.745 43.942 - 14.684.999
backed Loan
10 Loan for Land Acquisition,
Land Management and 6.996.753 1.415.514 5.987.997 - - 14.400.263
Construction
11 Employee/Retiree Loan 1.849.922 1.215 33.621 - - 1.884.758
12 Receivables from MSE and
8.930.743 494.948 4.105.046 164.189 - 13.694.927
Retail Portfolio
13 Corporate Receivables 16.184.233 10.828.054 5.284.074 3.889 - 32.300.250
14 Matured Receivables 6.248.531 134.693 514.091 378.598 - 7.275.913
15 Other Assets - - - - 17.893.180 17.893.180
TOTAL 401.590.696 21.607.625 27.350.025 50.260.860 17.893.205 518.702.411
468 2025 Annual Report
Page 38
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2025
Net Receivables by Remaining Contract Period
>1 year to 3 >3 years Non-
<1 year >5 years Total
years to 5 years Contractual
12.657.810 19.401.019 811.079 35.501.528 - 68.371.436
28.049 5.468.993 - 11.699.645 - 17.196.687
- - - - - -
- 6.367.595 - - 201 6.367.795
- - - - - -
- - - 24.195 - 24.195
- - - - - -
42.875 483.166 1.270.875 284.378.404 - 286.175.321
1.191 766.753 3.660 5.957.122 - 6.728.726
348.639 3.056.141 207.958 14.342.737 - 17.955.476
- 1.733 - 2.014.751 - 2.016.484
64.289 711.309 51.494 7.405.912 - 8.233.004
9.119 4.721.383 8.400 15.074.747 - 19.813.649
10.108 23.477 5.965 6.525.067 - 6.564.617
- - - - 15.268.069 15.268.069
13.162.081 41.001.570 2.359.432 382.924.108 15.268.270 454.715.460
2025 Annual Report 469
Page 39
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Economic Sector - Bank individually
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
DECEMBER 2025
1 Agriculture, Forestry and
- - - - - -
Fisheries
2 Mining and Excavation - - - - - -
3 Manufacturing - 487,957 - - - -
4 Procurement of Electricity, Gas,
- 4,842,208 - - - -
Steam/Hot Water and Cold Air
5 Water Management,
Wastewater Management,
Waste Management and - - - - - -
Recycling, and Remediation
Activities
6 Construction - 24 - - - -
7 Wholesale and Retail Trade;
Repair and Maintenance of Car - 6,938,257 - - - -
and Motorcycle
8 Transportation and
- 3,273,256 - - - -
Warehousing
9 Accommodation and Food
- - - - - -
Services
10 Information and
- 56,261 - - - -
Communication
11 Financial and Insurance
- 801,579 - 1,002,200 - 20,737
Activities
12 Real Estate - - - - - -
13 Professional, Scientific, and
- 15,272 - - - -
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
- 1,805 - - - -
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social 3,914,967 - - - - -
Security
16 Education - - - - - -
17 Human Health and Social
- - - - - -
Activities
18 Arts, Entertainment, and
- - - - - -
Recreation
19 Other Service Activities - 411,333 - - - -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - - - - - -
Households Used to Meet Their
Own Needs
470 2025 Annual Report
Page 40
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
- - - - - 21,998 91,932 146 -
- - - - - - 2,326,308 5,702 -
- - - - - 65,687 3,093,632 10,780 -
- - - - - 10,903 1,203,278 1,647 -
- - - - - 16,818 499,238 24 -
- - 2,963,725 13,516,124 - 131,423 108,776 1,328,229 -
- - - - - 2,004,972 1,493,972 105,757 -
- - - - - 28,977 417,441 518 -
- - - - - 342,561 349,121 13,387 -
- - - - - 8,488 334,250 5,440 -
- - - - - 685 9,328,583 - -
- - 8,034,371 - - 4,629 1,389,628 82,903 -
- - - - - 4,119 - 149 -
- - - - - 72,608 1,913,072 463 -
- - - - - - - - -
- - - - - 19,640 155,194 36 -
- - - - - 37,009 513,019 20,979 -
- - - - - 118,039 44,069 258 -
- - - - - 186,852 168,122 4,507 -
- - - - - - - - -
2025 Annual Report 471
Page 41
05 Information on Capital and Risk Exposure
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
21 Activities of International
Agencies and Other Extra- - - - - - -
International Agencies
22 Household 97 - - - - 398
23 Non-Business Field - - - - - -
24 Others 66,535,306 4,039,693 - 2,513,736 - 4,500
TOTAL 70,450,370 20,867,643 - 3,515,936 - 25,635
DECEMBER 2024
1 Agriculture, Forestry and
- - - - - -
Fisheries
2 Mining and Excavation - - - - - -
3 Manufacturing - - - - - -
4 Procurement of Electricity, Gas,
- 6,893,483 - - - -
Steam/Hot Water and Cold Air
5 Water Management,
Wastewater Management,
Waste Management and - - - - - -
Recycling, and Remediation
Activities
6 Construction 42,064,890 597,243 - - - -
7 Wholesale and Retail Trade;
Repair and Maintenance of Car - 3,259,631 - - - 24,195
and Motorcycle
8 Transportation and
- 5,207,448 - - - -
Warehousing
9 Accommodation and Food
- - - - - -
Services
10 Information and
- - - - - -
Communication
11 Financial and Insurance
26,306,546 139,831 - 6,367,795 - -
Activities
12 Real Estate - - - - - -
13 Professional, Scientific, and
- - - - - -
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
- - - - - -
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social - - - - - -
Security
16 Education - - - - - -
17 Human Health and Social
- - - - - -
Activities
472 2025 Annual Report
Page 42
PT Bank Tabungan Negara (Persero) Tbk
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
- - - - - - - - -
- 253,918,236 462,387 - - 10,187,338 281,690 5,286,819 -
- - - - - - - - -
- - 262,504 884,139 1,884,758 64,960 8,224,224 747 16,342,405
- 253,918,236 11,722,987 14,400,263 1,884,758 13,327,707 31,935,550 6,868,493 16,342,405
- - - - - 139,869 - 619 -
- - - - - 3,031 2,608,392 4,310 -
- - - 20,406 - 107,229 3,684,835 15,020 -
- - - - - 16,096 83,114 1,680 -
- - - - - - - - -
- 1,891 1,701,964 17,422,040 - 110,033 3,917,205 532,076 -
- - 364,172 455,565 - 1,023,465 757,942 46,593 -
- - - - - 188,855 880,155 14,898 -
- - - - - 346,919 624,716 909 -
- - - - - - - - -
- - - - - 1,660 332,422 176 -
- - 3,968,819 57,465 - 166,627 4,984,505 241,118 -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - 7,614 188,290 2,236 -
- - - - - 35,807 561,496 - -
2025 Annual Report 473
Page 43
05 Information on Capital and Risk Exposure
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
18 Arts, Entertainment, and
- - - - - -
Recreation
19 Other Service Activities - - - - - -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - - - - - -
Households Used to Meet Their
Own Needs
21 Activities of International
Agencies and Other Extra- - - - - - -
International Agencies
22 Household - 1,099,051 - - - -
23 Non-Business Field - - - - - -
24 Others - - - - - -
TOTAL 68,371,436 17,196,687 - 6,367,795 - 24,195
Disclosure of Net Receivables by Economic Sector -
Bank Consolidated with Subsidiaries
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
DECEMBER 2025
1 Agriculture, Forestry and
- - - - - -
Fisheries
2 Mining and Excavation - - - - - -
3 Manufacturing - 487,957 - - - -
4 Electricity, Gas, Steam/Hot
Water, and Air Conditioning - 4,894,630 - - - -
Supply
5 Water Supply; Sewerage, Waste
Management and Remediation - - - - - -
Activities
6 Construction - 24 - - - -
7 Wholesale and Retail Trade;
Repair and Maintenance of - 6,938,257 - - - -
Motor Vehicles and Motorcycles
8 Transportation and
- 3,273,256 - - - -
Warehousing
474 2025 Annual Report
Page 44
PT Bank Tabungan Negara (Persero) Tbk
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
- - - - - 11,284 13,600 - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- 246,109,364 645,630 - 2,016,484 4,927,797 1,176,977 5,498,187 -
- 40,064,066 40,352 - - 191,722 - 194,784 -
- - 7,790 - - 954,996 - 12,011 15,268,069
- 286,175,321 6,728,726 17,955,476 2,016,484 8,233,004 19,813,649 6,564,617 15,268,069
(in million IDR)
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
(9) (10) (10) (10) (10) (10) (10) (10) (10)
- - - - - 21,998 91,932 146 -
- - - - - 850 2,326,308 5,702 -
- - 1,611 - - 67,520 3,413,752 10,780 -
- - - - - 10,903 1,203,278 1,647 -
- - - - - 16,818 499,238 24 -
- - 4,684,277 13,516,124 - 219,865 151,216 1,332,380 -
- - - - - 2,007,920 1,493,972 105,757 -
- - 1,045,971 - - 29,799 417,441 518 -
2025 Annual Report 475
Page 45
05 Information on Capital and Risk Exposure
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
9 Accommodation and Food
- - - - - -
Services
10 Information and
- 56,261 - - - -
Communication
11 Financial and Insurance
17,707,901 801,579 - 1,002,225 - 20,737
Activities
12 Real Estate - - - - - -
13 Professional, Scientific, and
- 15,272 - - - -
Technical Activities
14 Rental, Leasing and Leasing
Without Option Rights,
Employment, Travel Agency, - 1,805 - - - -
and Other Business Support
Activities
15 Public Administration, Defense,
3,914,967 - - - - -
and Compulsory Social Security
16 Education - - - - - -
17 Aktivitas Kesehatan Manusia
- - - - - -
dan Aktivitas Sosial
18 Arts, Entertainment, and
- - - - - -
Recreation
19 Other Service Activities - 411,333 - - - -
20 Activities of Households as
Employers; Undifferentiated
Goods- and Services-Producing - - - - - -
Activities of Households for Own
Use
21 Activities of International
Organizations and Other Extra- - - - - - -
Territorial Organizations
22 Household 97 - - - - 398
23 Non-Business Field - - - - - -
24 Others 66,535,306 4,039,693 - 2,513,736 - 4,500
TOTAL 88,158,271 20,920,066 - 3,515,961 - 25,635
DECEMBER 2024
1 Agriculture, Forestry and
- - - - - -
Fisheries
2 Mining and Excavation - - - - - -
3 Manufacturing - - - - - -
4 Electricity, Gas, Steam/Hot
Water, and Air Conditioning - 6,893,483 - - - -
Supply
476 2025 Annual Report
Page 46
PT Bank Tabungan Negara (Persero) Tbk
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
(9) (10) (10) (10) (10) (10) (10) (10) (10)
- - - - - 342,561 349,121 13,387 -
- - - - - 8,488 334,250 5,440 -
- - - - - 1,806 9,328,583 0 -
- - 8,072,419 - - 5,364 1,389,628 83,443 -
- - - - - 7,842 - 149 -
- - - - - 76,030 1,913,072 463 -
- - - - - - - - -
- - - - - 26,439 155,194 36 -
- - - - - 38,605 515,160 20,979 -
- - - - - 118,039 44,069 258 -
- - - - - 192,355 168,122 4,507 -
- - - - - - - - -
- - - - - - - - -
- 303,947,901 513,024 - - 10,434,890 281,690 5,689,549 -
- 287 - - - 1,841 - - -
- - 262,504 884,139 1,884,758 64,991 8,224,224 747 17,893,180
- 303,948,188 14,579,806 14,400,263 1,884,758 13,694,927 32,300,250 7,275,913 17,893,180
- - - - - 139,869 - 619 -
- - - - - 3,031 2,608,392 4,310 -
- - - 20,406 - 107,229 3,684,835 15,020 -
- - - - - 16,096 83,114 1,680 -
2025 Annual Report 477
Page 47
05 Information on Capital and Risk Exposure
Receivables
Receivables
from
from
Receivables Receivables Receivables Securities
Multilateral Receivables
from from Public of a Companies
No. Economic Sector Development from
the Sector Covered and Other
Banks and Banks
Government Entities Bond Financial
International
Services
Institutions
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
5 Water Supply; Sewerage, Waste
Management and Remediation - - - - - -
Activities
6 Construction 42,064,890 597,243 - - - -
7 Wholesale and Retail Trade;
Repair and Maintenance of - 3,259,631 - - - 24,195
Motor Vehicles and Motorcycles
8 Transportation and
- 5,207,448 - - - -
Warehousing
9 Accommodation and Food
- - - - - -
Services
10 Information and
- - - - - -
Communication
11 Financial and Insurance
26,306,546 139,831 - 6,367,795 - -
Activities
12 Real Estate - - - - - -
13 Professional, Scientific, and
- - - - - -
Technical Activities
14 Rental, Leasing and Leasing
Without Option Rights,
Employment, Travel Agency, - - - - - -
and Other Business Support
Activities
15 Public Administration, Defense,
- - - - - -
and Compulsory Social Security
16 Education - - - - - -
17 Aktivitas Kesehatan Manusia
- - - - - -
dan Aktivitas Sosial
18 Arts, Entertainment, and
- - - - - -
Recreation
19 Other Service Activities - - - - - -
20 Activities of Households as
Employers; Undifferentiated
Goods- and Services-Producing - - - - - -
Activities of Households for Own
Use
21 Activities of International
Organizations and Other Extra- - - - - - -
Territorial Organizations
22 Household - 1,099,051 - - - -
23 Non-Business Field - - - - - -
24 Others - - - - - -
TOTAL 68,371,436 17,196,687 - 6,367,795 - 24,195
478 2025 Annual Report
Page 48
PT Bank Tabungan Negara (Persero) Tbk
Receivables
in the
Loan for Land
form of
Acquisition, Receivables
Securities/ Commercial
Housebacked Land Employee/ from MSE Corporate Matured Other
Subordinated Propertybacked
Loan Management Retiree Loan and Retail Receivables Receivables Assets
Receivables, Loan
and Portfolio
Equity and
Construction
Other Capital
Instruments
(9) (10) (10) (10) (10) (10) (10) (10) (10)
- - - - - - - - -
- 1,891 1,701,964 17,422,040 - 110,033 3,917,205 532,076 -
- - 364,172 455,565 - 1,023,465 757,942 46,593 -
- - - - - 188,855 880,155 14,898 -
- - - - - 346,919 624,716 909 -
- - - - - - - - -
- - - - - 1,660 332,422 176 -
- - 3,968,819 57,465 - 166,627 4,984,505 241,118 -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - 7,614 188,290 2,236 -
- - - - - 35,807 561,496 - -
- - - - - 11,284 13,600 - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- 246,109,364 645,630 - 2,016,484 4,927,797 1,176,977 5,498,187 -
- 40,064,066 40,352 - - 191,722 - 194,784 -
- - 7,790 - - 954,996 - 12,011 15,268,069
- 286,175,321 6,728,726 17,955,476 2,016,484 8,233,004 19,813,649 6,564,617 15,268,069
2025 Annual Report 479
Page 49
05 Information on Capital and Risk Exposure
Disclosure of Receivables and Reserves by Region -
Bank Individually
(in million IDR)
December 31,2025
Region
No. Description
Jawa Non-
Jabodetabek Sumatera Others* Jumlah
Jabodetabek
1 Receivables 202,177,459 48,053,821 43,460,681 52,010,964 345,702,924
2 Impaired receivables 3,064,481 771,008 516,974 186,666 4,539,128
a. Not Yet Due 1,996,909 544,045 489,355 220,802 3,251,110
b. Due 1,067,572 226,963 27,619 (34,136) 1,288,018
3 Allowance for Impairment
2,137,770 680,296 617,622 402,772 3,838,460
Losses - Stage 1
4 Allowance for Impairment
4,368,646 750,746 377,997 537,827 6,035,215
Losses - Stage 2
5 Allowance for Impairment
2,724,882 486,617 505,613 393,179 4,110,291
Losses - Stage 3
6 Written-off receivables 1,623,829 1,040,169 374,846 389,228 3,428,072
(in million IDR)
December 31,2024
Region
No. Description
Jawa Non-
Jabodetabek Sumatera Others* Jumlah
Jabodetabek
1 Receivables 267,739,802 96,290,749 53,332,831 60,025,744 477,389,127
2 Impaired receivables 36,530,202 13,544,263 6,766,063 5,692,687 62,533,215
a. Not Yet Due 31,499,031 11,297,972 5,258,676 4,275,458 52,331,136
b. Due 5,031,172 2,246,292 1,507,387 1,417,229 10,202,079
3 Allowance for Impairment
1,490,894 272,893 192,991 252,135 2,208,913
Losses - Stage 1
4 Allowance for Impairment
3,018,614 614,105 313,272 467,662 4,413,652
Losses - Stage 2
5 Allowance for Impairment
1,657,310 259,654 477,994 427,316 2,822,273
Losses - Stage 3
6 Written-off receivables 1,596,400 875,171 475,909 517,282 3,464,763
480 2025 Annual Report
Page 50
PT Bank Tabungan Negara (Persero) Tbk
Disclosure of Receivables and Reserves by Region -
Bank Consolidated with Subsidiaries
(in million IDR)
December 31,2025
Region
No. Description
Jawa Non-
Jabodetabek Sumatera Others* Jumlah
Jabodetabek
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 236,298,425 67,171,586 55,069,612 61,573,485 420,113,108
2 Receivables with credit risk
improvement and worsening 3,064,481 771,008 516,974 186,666 4,539,128
(Stage 2 and Stage 3)
a. Not Yet Due 1,996,909 544,045 489,355 220,802 3,251,110
b. Due 1,067,572 226,963 27,619 - 1,322,154
3 Allowance for Impairment
2,340,638 850,842 651,248 426,754 4,269,481
Losses - Stage 1
4 Allowance for Impairment
4,823,798 1,125,118 475,901 604,582 7,029,399
Losses - Stage 2
5 Allowance for Impairment
2,848,847 709,262 586,269 473,493 4,617,870
Losses - Stage 3
6 Written-off receivables 1,623,829 1,040,169 374,846 389,228 3,428,072
(in million IDR)
December 31,2024
Region
No. Description
Jawa Non-
Jabodetabek Sumatera Others* Jumlah
Jabodetabek
(1) (2) (8) (9) (10) (11) (12)
1 Receivables 267,739,802 96,290,749 53,332,831 60,025,744 477,389,127
2 Receivables with credit risk
improvement and worsening 36,530,202 13,544,263 6,766,063 5,692,687 62,533,215
(Stage 2 and Stage 3)
a. Not Yet Due 31,499,031 11,297,972 5,258,676 4,275,458 52,331,136
b. Due 5,031,172 2,246,292 1,507,387 1,417,229 10,202,079
3 Allowance for Impairment
1,490,894 272,893 192,991 252,135 2,208,913
Losses - Stage 1
4 Allowance for Impairment
3,018,614 614,105 313,272 467,662 4,413,652
Losses - Stage 2
5 Allowance for Impairment
1,657,310 259,654 477,994 427,316 2,822,273
Losses - Stage 3
6 Written-off receivables 1,596,400 875,171 475,909 517,282 3,464,763
2025 Annual Report 481
Page 51
05 Information on Capital and Risk Exposure
Disclosure of Receivables and Reserves by Economic Sector -
Bank Individually
(in million IDR)
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
DECEMBER 31, 2025
1 Agriculture, Forestry and
215,939 (380) (37) 178 28 310 2,306
Fisheries
2 Mining and Excavation 2,331,276 34,691 (329) 37,326 - 5,576 324
3 Manufacturing 3,660,070 (5,159) 1,583 17,454 643 10,500 10,794
4 Procurement of Electricity, Gas,
6,002,928 (3,828) 92 214 61 1,549 -
Steam/Hot Water and Cold Air
5 Water Management, Wastewater
Management, Waste
514,251 (31,897) 31 439 - 31 -
Management and Recycling, and
Remediation Activities
6 Construction 19,364,695 905,680 547,065 1,092,253 856,184 1,223,844 1,198,380
7 Wholesale and Retail Trade;
Repair and Maintenance of Car 10,615,428 (81,190) 17,901 3,136 2,337 96,964 58,605
and Motorcycle
8 Transportation and Warehousing 3,672,204 90,674 532 106,812 1,108 532 6,871
9 Accommodation and Food
757,309 188,665 (36,652) 47,748 191,855 14,704 2,840
Services
10 Information and Communication 408,653 (606) 5,082 622 - 5,082 -
11 Financial and Insurance
11,123,558 (886) (1,500) 968 - - 2,765
Activities
12 Real Estate 9,403,585 674,890 11,980 780,742 319,809 104,649 11,467
13 Professional, Scientific, and
19,576 (3) 144 13 - 144 -
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
1,902,529 90,463 (507) 144,692 82 516 2,334
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social 3,845,203 (640) - 519 - - -
Security
16 Education 136,757 37,996 45 38,189 - 45 -
17 Human Health and Social
590,188 (220) 20,255 461 - 20,255 528
Activities
18 Arts, Entertainment, and
162,095 (171) 317 137 31 317 -
Recreation
19 Other Service Activities 773,608 (1,266) 766 290 148 4,746 -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - (207) (2,708) - - - -
Households Used to Meet Their
Own Needs
482 2025 Annual Report
Page 52
PT Bank Tabungan Negara (Persero) Tbk
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
21 Activities of International
Agencies and Other Extra- - - - - - - -
International Agencies
22 Household 270,043,568 1,354,502 723,955 1,566,259 4,662,930 2,620,525 2,129,532
23 Non-Business Field 159,504 4 - 9 - - 1,328
24 Others - - - - - - -
Total 345,702,924 3,251,110 1,288,018 3,838,460 6,035,215 4,110,291 3,428,072
DECEMBER 31, 2024
1 Agriculture, Forestry and
191,758 520 286 113 258 704 1,358
Fisheries
2 Mining and Excavation 2,214,612 244 10,121 770 1,757 4,789 1,746
3 Manufacturing 3,330,991 3,226 20,431 5,344 12,186 33,221 10,693
4 Procurement of Electricity, Gas,
7,558,835 528 2,812 1,432 3,266 8,904 871
Steam/Hot Water and Cold Air
5 Water Management, Wastewater
Management, Waste
- - - - - - -
Management and Recycling, and
Remediation Activities
6 Construction 31,191,047 7,871,320 2,926,363 464,468 1,059,154 2,887,523 1,371,725
7 Wholesale and Retail Trade;
Repair and Maintenance of Car 6,222,408 42,469 147,885 24,106 54,971 149,866 39,569
and Motorcycle
8 Transportation and Warehousing 6,661,637 3,587,300 27,772 23,085 52,641 143,513 16,298
9 Accommodation and Food
1,004,355 2,140 827 645 1,471 4,011 3,117
Services
10 Information and Communication - - - - - - -
11 Financial and Insurance
21,255,053 - 1,680 1,658 3,781 10,309 670
Activities
12 Real Estate 8,891,590 2,467,223 200,301 101,344 231,100 630,038 17,621
13 Professional, Scientific, and
- - - - - - -
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
- - - - - - -
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social 5,294,286 - - - - - -
Security
16 Education 176,201 142,196 4,530 6,101 13,913 37,929 -
17 Human Health and Social
523,740 - - 325 741 2,021 307
Activities
2025 Annual Report 483
Page 53
05 Information on Capital and Risk Exposure
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
18 Arts, Entertainment, and
26,935 6,488 - 73 166 452 -
Recreation
19 Other Service Activities - - - - - - -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - - - - - - -
Households Used to Meet Their
Own Needs
21 Activities of International
Agencies and Other Extra- - - 5,034 360 822 2,241 478
International Agencies
22 Household 338,063,048 38,206,703 6,849,347 746,067 1,701,301 4,638,177 1,750,226
23 Non-Business Field 41,275,991 - - 100,622 229,454 625,550 249,384
24 Others 3,506,640 780 4,690 17,773 40,528 110,490 700
Total 477,389,127 52,331,136 10,202,079 1,494,287 3,407,511 9,289,738 3,464,763
Disclosure of Receivables and Reserves by Economic Sector -
Bank Consolidated with Subsidiaries
(in million IDR)
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
DECEMBER 31, 2025
1 Agriculture, Forestry and
215,939 (380) (37) 74 20 600 1,346
Fisheries
2 Mining and Excavation 2,332,126 34,691 (329) 15,599 - 10,810 13
3 Manufacturing 3,923,634 (5,159) 1,583 9,911 467 20,356 1,746
4 Procurement of Electricity, Gas,
6,055,351 (3,828) 92 89 44 3,003 10,693
Steam/Hot Water and Cold Air
5 Water Management, Wastewater
Management, Waste
514,251 (31,897) 31 183 - 60 871
Management and Recycling, and
Remediation Activities
6 Construction 21,500,425 905,680 547,065 774,425 622,379 2,373,884 1,484,158
7 Wholesale and Retail Trade;
Repair and Maintenance of Car 10,618,376 (81,190) 17,901 1,340 1,699 187,977 7,445
and Motorcycle
8 Transportation and Warehousing 4,718,997 90,674 532 55,052 805 1,032 10,693
9 Accommodation and Food
757,309 188,665 (36,652) 19,955 139,464 28,506 871
Services
484 2025 Annual Report
Page 54
PT Bank Tabungan Negara (Persero) Tbk
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
10 Information and Communication 408,653 (606) 5,082 260 - 9,853 1,371,725
11 Financial and Insurance
28,841,942 (886) (1,500) 9,845 - - 39,569
Activities
12 Real Estate 9,457,635 674,890 11,980 341,934 232,476 202,874 9,579
13 Professional, Scientific, and
23,299 (3) 144 43 - 280 16,298
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
1,905,951 90,463 (507) 60,469 59 1,001 3,869
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social 3,845,203 (640) - 217 - - 17,621
Security
16 Education 143,556 37,996 45 16,009 - 88 -
17 Human Health and Social
594,232 (220) 20,255 537 - 39,267 -
Activities
18 Arts, Entertainment, and
162,095 (171) 317 57 23 615 307
Recreation
19 Other Service Activities 779,110 (1,266) 766 176 107 9,200 -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - (207) (2,708) - - - 1,750,226
Households Used to Meet Their
Own Needs
21 Activities of International
Agencies and Other Extra- - - - - - - 478
International Agencies
22 Household 321,533,212 1,354,502 723,955 1,224,409 3,389,588 5,509,887 380,421
23 Non-Business Field 161,632 4 - 7 - - 249,450
24 Others 1,620,178 - - 67,747 - - -
TOTAL 420,113,108 3,251,110 1,288,018 2,598,338 4,387,132 8,399,291 5,357,378
DECEMBER 31, 2024
1 Agriculture, Forestry and
191,758 520 286 113 258 704 1,358
Fisheries
2 Mining and Excavation 2,214,612 244 10,121 770 1,757 4,789 1,746
3 Manufacturing 3,330,991 3,226 20,431 5,344 12,186 33,221 10,693
4 Procurement of Electricity, Gas,
7,558,835 528 2,812 1,432 3,266 8,904 871
Steam/Hot Water and Cold Air
5 Water Management, Wastewater
Management, Waste
- - - - - - -
Management and Recycling, and
Remediation Activities
6 Construction 31,191,047 7,871,320 2,926,363 464,468 1,059,154 2,887,523 1,371,725
2025 Annual Report 485
Page 55
05 Information on Capital and Risk Exposure
Impaired receivables Allowance Allowance Allowance
for for for
Written-off
No. Economic Sector Receivables Impairment Impairment Impairment
receivables
Not Yet Due Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
7 Wholesale and Retail Trade;
Repair and Maintenance of Car 6,222,408 42,469 147,885 24,106 54,971 149,866 39,569
and Motorcycle
8 Transportation and Warehousing 6,661,637 3,587,300 27,772 23,085 52,641 143,513 16,298
9 Accommodation and Food
1,004,355 2,140 827 645 1,471 4,011 3,117
Services
10 Information and Communication - - - - - - -
11 Financial and Insurance
21,255,053 - 1,680 1,658 3,781 10,309 670
Activities
12 Real Estate 8,891,590 2,467,223 200,301 101,344 231,100 630,038 17,621
13 Professional, Scientific, and
- - - - - - -
Technical Activities
14 Rental and Leasing Activities
Without Option Rights,
- - - - - - -
Employment, Travel Agents, and
Other Business Support
15 Government Administration,
Defense, and Mandatory Social 5,294,286 - - - - - -
Security
16 Education 176,201 142,196 4,530 6,101 13,913 37,929 -
17 Human Health and Social
523,740 - - 325 741 2,021 307
Activities
18 Arts, Entertainment, and
26,935 6,488 - 73 166 452 -
Recreation
19 Other Service Activities - - - - - - -
20 Household Activities as
Employers; Activities that
Produce Goods and Services by - - - - - - -
Households Used to Meet Their
Own Needs
21 Activities of International
Agencies and Other Extra- - - 5,034 360 822 2,241 478
International Agencies
22 Household 338,063,048 38,206,703 6,849,347 746,067 1,701,301 4,638,177 1,750,226
23 Non-Business Field 41,275,991 - - 100,622 229,454 625,550 249,384
24 Others 3,506,640 780 4,690 17,773 40,528 110,490 700
TOTAL 477,389,127 52,331,136 10,202,079 1,494,287 3,407,511 9,289,738 3,464,763
486 2025 Annual Report
Page 56
PT Bank Tabungan Negara (Persero) Tbk
Disclosure of details of Allowance for Impairment Losses -
Bank Individually
(in million IDR)
December 31, 2025 December 31, 2024
No. Description
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
1 CKPN opening balance 2,067,996 2,679,061 6,980,877 1,922,082 3,121,674 9,061,158
2 CKPN establishment (recovery)
(306,328) 2,231,092 3,809,050 (298,965) 558,018 2,527,970
in current period (Net)
2.a Establishment of CKPN in
191,148 10,034 207,338 336,406 9,214 206,860
period the current period
2.b CKPN recovery in current
(497,476) 2,221,058 3,601,712 (635,371) 548,804 2,321,110
period
3 CKPN used in current period’s
(157,513) (523,021) (2,821,657) (128,830) (272,181) (2,299,390)
receivable write-off
4 Other establishment (recovery)
- - - - - -
in current period
CKPN closing balance 4,387,132 7,968,270 1,494,287 3,407,511 9,289,738
Disclosure of details of Allowance for Impairment Losses -
Bank Consolidated with Subsidiaries
(in million IDR)
December 31, 2025 December 31, 2024
No. Description
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
1 CKPN opening balance 2,667,981 2,679,061 7,710,147 1,922,082 3,121,674 9,061,158
2 CKPN establishment (recovery)
527,703 2,231,092 3,510,801 (298,965) 558,018 2,527,970
in current period (Net)
2.a Establishment of CKPN in
1,335,537 10,034 254,921 336,406 9,214 206,860
period the current period
2.b CKPN recovery in current
(187,118) 2,221,058 3,947,545 (635,371) 548,804 2,321,110
period
3 CKPN used in current period’s
(157,513) (523,021) (2,821,657) (128,830) (272,181) (2,299,390)
receivable write-off
4 Other establishment (recovery)
507,579 - - - - -
in current period
CKPN closing balance 4,387,132 8,399,291 1,494,287 3,407,511 9,289,738
2025 Annual Report 487
Page 57
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Portfolio Category and Rating Scale and Counterparty Credit Risk can be explained
as follows:
Disclosure of Net Receivables by Portfolio Category and Rating Scale -
Bank Individually
December 31, 2025
Net Receivable
Rating Agency Long Term Rating
Standard and BBB+ to
AAA AA+ to AA- A+ s.d A-
Poor's BBB-
BBB+ to
Fitch Ratings AAA AA+ to AA- A+ to A-
BBB-
Portfolio Category
Baa1 to
Moody’s Aaa Aa1 to Aa3 A1 to A3
Baa3
PT. Fitch Ratings AA+(idn) to A+(idn) to. BBB+(idn) to
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to id
idAAA
Efek Indonesia idAA- A- BBB-
1 Receivables from the Government - - - 3,914,967
2 Receivables from Public Sector Entities 15,762,471 585,118 119,575 62,701
3 Receivables from Multilateral Development - - - -
Banks and International Institutions
4 Receivables from Banks - - - -
5 Receivables of a Covered Bond - - - -
6 Receivables from Securities Companies and - - - -
Other Financial Services Institutions
7 Receivables in the form of Securities/ - - - -
Subordinated Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - - - -
9 Commercial Property-backed Loan - 75,584 1,109,226 4,443,511
10 Loan for Land Acquisition, Land Management 450,653 690,326 346,803 1,889,952
and Construction
11 Employee/Retiree Loan - - - -
12 Receivables from MSE and Retail Portfolio - - - -
13 Corporate Receivables 9,849,160 5,092,205 4,850,002 50,255
14 Matured Receivables - - - -
15 Other Assets - - - -
TOTAL 26,062,283 6,443,234 6,425,607 10,361,386
488 2025 Annual Report
Page 58
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
Net Receivable
Long Term Rating Short Term Rating
Less Than Less Than
BB+ to BB- B+ to B- A-1 A-2 A-3
B- A-3
Less Than Less Than
BB+ to BB- B+ to B- F1+ to F1 F2 F3
B- F3
No Rating Total
Less Than Less Than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3
BB+(idn) to B+(idn) to Less Than F1+(idn) to Less Than
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
id BB+ to id Less Than Less Than
id B+ to id B- idA1 idA2 idA3 to id A4
BB- idB- idA4
- - - - - - - 66,535,403 70,450,370
- - - - - - - 4,337,778 20,867,643
- - - - - - - - -
- - - - - - - 3,515,936 3,515,936
- - - - - - - - -
- - - - - - - 25,635 25,635
- - - - - - - - -
- - - - - - - 253,918,236 253,918,236
- - - - - - - 6,094,666 11,722,987
620,685 - - - - - - 10,401,843 14,400,263
- - - - - - - 1,884,758 1,884,758
- - - - - - - 13,327,707 13,327,707
- - - - - - - 12,093,927 31,935,550
- - - - - - - 6,868,493 6,868,493
- - - - - - - 16,342,405 16,342,405
620,685 - - - - - - 395,346,787 445,259,982
2025 Annual Report 489
Page 59
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivable
Rating Agency Long Term Rating
Standard and BBB+ to
AAA AA+ to AA- A+ to A-
Poor’s BBB-
BBB+ to
Fitch Ratings AAA AA+ to AA- A+ to A-
BBB-
Portfolio Category
Baa1 to
Moody’s Aaa Aa1 to Aa3 A1 to A3
Baa3
PT. Fitch Ratings AA+(idn) to A+(idn) to. BBB+(idn) to
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to id
idAAA
Efek Indonesia idAA- A- BBB-
1 Receivables from the Government 100,145 - - -
2 Receivables from Public Sector Entities 5,032,253 550,209 840,995 8,416,253
3 Receivables from Multilateral Development - - - -
Banks and International Institutions
4 Receivables from Banks - - 5,866,751 -
5 Receivables of a Covered Bond - - - -
6 Receivables from Securities Companies and - - - -
Other Financial Services Institutions
7 Receivables in the form of Securities/ - - - -
Subordinated Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - - - -
9 Commercial Property-backed Loan - - - -
10 Loan for Land Acquisition, Land Management - - - -
and Construction
11 Employee/Retiree Loan - - - -
12 Receivables from MSE and Retail Portfolio - - - -
13 Corporate Receivables 4,734,401 526,045 7,085,316 -
14 Matured Receivables - - - -
15 Other Assets - - - -
TOTAL 9,866,798 1,076,254 13,793,062 8,416,253
490 2025 Annual Report
Page 60
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
Net Receivable
Long Term Rating Short Term Rating
Less Than Less Than
BB+ to BB- B+ to B- A-1 A-2 A-3
B- A-3
Less Than Less Than
BB+ to BB- B+ to B- F1+ to F1 F2 F3
B- F3
No Rating Total
Less Than Less Than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3
BB+(idn) to B+(idn) to Less Than F1+(idn) to Less Than
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
id BB+ to id Less Than Less Than
id B+ to id B- idA1 idA2 idA3 to id A4
BB- idB- idA4
- - - - - - - 68,271,291 68,371,436
272,246 593,205 - - - - - 1,491,526 17,196,687
- - - - - - - - -
- - - 500,843 - - - 201 6,367,795
- - - - - - - - -
- - - 24,195 - - - - 24,195
- - - - - - - - -
- - - - - - - 286,175,321 286,175,321
- - - - - - - 6,728,726 6,728,726
- - - - - - - 17,955,476 17,955,476
- - - - - - - 2,016,484 2,016,484
- - - - - - - 8,233,004 8,233,004
318,815 1,494,445 - - - - - 5,654,628 19,813,649
- - - - - - - 6,564,617 6,564,617
- - - - - - - 15,268,069 15,268,069
591,060 2,087,650 - 525,038 - - - 418,359,343 454,715,460
2025 Annual Report 491
Page 61
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables by Portfolio Category and Rating Scale -
Bank Consolidated with Subsidiaries
December 31, 2025
Net Receivable
Rating Agency Long Term Rating
Standard and BBB+ to
AAA AA+ to AA- A+ to A-
Poor's BBB-
BBB+ to
Fitch Ratings AAA AA+ to AA- A+ to A-
BBB-
Portfolio Category
Baa1 to
Moody's Aaa Aa1 to Aa3 A1 to A3
Baa3
PT. Fitch Ratings AA+(idn) to A+(idn) to. BBB+(idn) to
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to id
idAAA
Efek Indonesia idAA- A- BBB-
1 Receivables from the Government - - - 3,914,967
2 Receivables from Public Sector Entities 15,814,894 585,118 119,575 62,701
Receivables from Multilateral Development
3 - - - -
Banks and International Institutions
4 Receivables from Banks - - - -
5 Receivables of a Covered Bond - - - -
Receivables from Securities Companies and
6 - - - -
Other Financial Services Institutions
Receivables in the form of Securities/
7 Subordinated Receivables, Equity and Other - - - -
Capital Instruments
8 House-backed Loan - - - -
9 Commercial Property-backed Loan - 75,584 1,109,226 4,443,511
Loan for Land Acquisition, Land Management
10 450,653 690,326 346,803 1,889,952
and Construction
11 Employee/Retiree Loan - - - -
12 Receivables from MSE and Retail Portfolio - - - -
13 Corporate Receivables 9,849,160 5,092,205 4,850,002 50,255
14 Matured Receivables - - - -
15 Other Assets - - - -
TOTAL 26,114,706 6,443,234 6,425,607 10,361,386
492 2025 Annual Report
Page 62
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
Net Receivable
Long Term Rating Short Term Rating
Less Than Less Than
BB+ to BB- B+ to B- A-1 A-2 A-3
B- A-3
Less Than Less Than
BB+ to BB- B+ to B- F1+ to F1 F2 F3
B- F3
No Rating Total
Less Than Less Than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3
BB+(idn) to B+(idn) to Less Than F1+(idn) to Less Than
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
id BB+ to id Less Than Less Than
id B+ to id B- idA1 idA2 idA3 to id A4
BB- idB- idA4
- - - - - - - 84,243,305 88,158,271
- - - - - - - 4,337,778 20,920,066
- - - - - - - - -
- - - - - - - 3,515,961 3,515,961
- - - - - - - - -
- - - - - - - 25,635 25,635
- - - - - - - - -
- - - - - - -
303,948,188 303,948,188
- - - - - - - 8,951,484 14,579,806
620,685 - - - - - - 10,401,843 14,400,263
- - - - - - - 1,884,758 1,884,758
- - - - - - - 13,694,927 13,694,927
- - - - - - - 12,458,628 32,300,250
- - - - - - - 7,275,913 7,275,913
- - - - - - - 17,893,180 17,893,180
620,685 - - - - - - 468,631,599 518,597,218
2025 Annual Report 493
Page 63
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivable
Rating Agency Long Term Rating
Standard and BBB+ to
AAA AA+ to AA- A+ to A-
Poor's BBB-
BBB+ to
Fitch Ratings AAA AA+ to AA- A+ to A-
BBB-
Portfolio Category
Baa1 to
Moody's Aaa Aa1 to Aa3 A1 to A3
Baa3
PT. Fitch Ratings AA+(idn) to A+(idn) to. BBB+(idn) to
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
PT Pemeringkat idAA+ to idA+ to id id BBB+ to id
idAAA
Efek Indonesia idAA- A- BBB-
1 Receivables from the Government 100,145 - - -
2 Receivables from Public Sector Entities 5,032,253 550,209 840,995 8,416,253
3 Receivables from Multilateral Development - - - -
Banks and International Institutions
4 Receivables from Banks - - 5,866,751 -
5 Receivables of a Covered Bond - - - -
6 Receivables from Securities Companies and - - - -
Other Financial Services Institutions
7 Receivables in the form of Securities/ - - - -
Subordinated Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - - - -
9 Commercial Property-backed Loan - - - -
10 Loan for Land Acquisition, Land Management - - - -
and Construction
11 Employee/Retiree Loan - - - -
12 Receivables from MSE and Retail Portfolio - - - -
13 Corporate Receivables 4,734,401 526,045 7,085,316 -
14 Matured Receivables - - - -
15 Other Assets - - - -
TOTAL 9,866,798 1,076,254 13,793,062 8,416,253
494 2025 Annual Report
Page 64
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
Net Receivable
Long Term Rating Short Term Rating
Less Than Less Than
BB+ to BB- B+ to B- A-1 A-2 A-3
B- A-3
Less Than Less Than
BB+ to BB- B+ to B- F1+ to F1 F2 F3
B- F3
No Rating Total
Less Than Less Than
Ba1 to Ba3 B1 to B3 P-1 P-2 P-3
B3 P-3
BB+(idn) to B+(idn) to Less Than F1+(idn) to Less Than
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
id BB+ to id Less Than Less Than
id B+ to id B- idA1 idA2 idA3 to id A4
BB- idB- idA4
- - - - - - - 68,271,291 68,371,436
272,246 593,205 - - - - - 1,491,526 17,196,687
- - - - - - - - -
- - - 500,843 - - - 201 6,367,795
- - - - - - - - -
- - - 24,195 - - - - 24,195
- - - - - - - - -
- - - - - - - 286,175,321 286,175,321
- - - - - - - 6,728,726 6,728,726
- - - - - - - 17,955,476 17,955,476
- - - - - - - 2,016,484 2,016,484
- - - - - - - 8,233,004 8,233,004
318,815 1,494,445 - - - - - 5,654,628 19,813,649
- - - - - - - 6,564,617 6,564,617
- - - - - - - 15,268,069 15,268,069
591,060 2,087,650 - 525,038 - - - 418,359,343 454,715,460
2025 Annual Report 495
Page 65
05 Information on Capital and Risk Exposure
Disclosure of Net Receivables Based on Risk Weight after Taking into Account the Impact of Credit Risk
Mitigation - Bank Individually
December 31, 2025
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the Government 68,700,336 - - - - -
2 Receivables from Public Sector
- 20,148,196 - - - 597,786
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - 3,515,936 - - - -
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - 24,264,123 17,599,062 78,806,594 68,064,222 59,948,130
9 Commercial Property-backed
- 75,584 - - - 1,109,226
Loan
10 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
11 Employee/Retiree Loan - - - - - 1,884,758
12 Receivables from MSE and Retail
- - - - - -
Portfolio
13 Corporate Receivables - 15,230,549 - - - 5,653,745
14 Matured Receivables - - - - - 896,512
15 Other Assets 2,032,541 - - - - -
Total Statement of Financial Position
70,732,877 63,234,388 17,599,062 78,806,594 68,064,222 70,090,157
Exposure
B 'EXPOSURE OF COMMITMENT/CONTINGENCY OBLIGATIONS IN ADMINISTRATIVE ACCOUNT TRANSACTIONS
1 Receivables from the Government 2,076 - - - - -
2 Receivables from Public Sector
- 56,839 - - - 64,822
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - 4,500 -
Services Institutions
6 House-backed Loan - 60 0 6 2 17
7 Commercial Property-backed
- 7,500 - - - -
Loan
496 2025 Annual Report
Page 66
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2025
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - 97 - - 97 9
- - - - - - - 4,328,532 400,389
- - - - - - - - -
- - - - - - - 703,187 65,045
- - - - - - - - -
- - 21,135 - - - - 8,454 782
- - - - - - - - -
- 5,185,834 50,184 - - - - 72,261,518 6,684,190
- 1,448,993 4,905,898 3,219,245 - - 701,537 8,584,643 794,079
- - - - 6,741,914 6,774,595 - 16,661,471 1,541,186
- - - - - - - 942,379 87,170
- - 3,075,409 - 10,245,177 - - 11,453,942 1,059,490
- - 122,212 3,529,646 441,960 100,691 - 9,228,643 853,649
- - - - 5,558,078 413,155 - 6,595,426 610,077
- - - - 14,232,273 77,591 - 14,348,659 1,327,251
- 6,634,826 8,174,838 6,748,891 37,219,500 7,366,032 701,537 145,116,953 13,423,317
- - - - - - - - -
- - - - - - - 43,779 4,050
- - - - - - - - -
- - - - - - - - -
- - - - - - - 1,800 167
- 0 - - - - - 21 2
- 49,965 4,470 167,367 - - 33,202 215,210 19,907
2025 Annual Report 497
Page 67
05 Information on Capital and Risk Exposure
December 31, 2025
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
8 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
9 Employee/Retiree Loan - - - - - -
10 Receivables from MSE and Retail
- - - - - -
Portfolio
11 Corporate Receivables - 3,848,685 - - - 1,714,069
12 Matured Receivables - - - - - 747
Total Administrative Account
2,076 3,913,084 0 6 4,502 1,779,655
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the Government 1,747,860 - - - - -
2 Receivables from Public Sector
- - - - - -
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk Exposure 1,747,860 - - - - -
December 31, 2024
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the Government 68,076,703 - - - - -
2 Receivables from Public Sector
- 7,237,445 - - - 8,930,292
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - 5,866,952 - - 500,843 -
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
498 2025 Annual Report
Page 68
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - 773,195 110,559 - 939,034 86,861
- - - - - - - - -
- - 6,780 - 340 - - 5,015 464
- - 30,075 1,130,374 108,764 24,779 - 2,754,698 254,810
- - - - - - - 374 35
- 49,965 41,326 1,297,741 882,299 135,339 33,202 3,959,931 366,296
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
(in million IDR)
December 31, 2024
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - - - - - -
- - - - 206,869 450,753 - 6,451,925 592,287
- - - - - - - - -
- - - - - - - 1,373,728 126,108
- - - - - - - - -
- - 19,585 - - - - 7,834 719
2025 Annual Report 499
Page 69
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - 29,344,757 24,315,490 97,527,442 80,820,419 52,701,608
9 Commercial Property-backed
- - - - - 234,050
Loan
10 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
11 Employee/Retiree Loan - - - - - 2,016,478
12 Receivables from MSE and Retail
- - - - - -
Portfolio
13 Corporate Receivables - 3,252,808 - - - 4,381,220
14 Matured Receivables - - - - - 1,783,669
15 Other Assets 2,105,621 - - - - -
Total Statement of Financial Position
70,182,324 45,701,961 24,315,490 97,527,442 81,321,262 70,047,317
Exposure
B EXPOSURE OF COMMITMENT/CONTINGENCY OBLIGATIONS IN ADMINISTRATIVE ACCOUNT TRANSACTIONS
1 Receivables from the Government 29,234 - - - - -
2 Receivables from Public Sector
- 158,712 - - - 198,034
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - 4,610 -
Services Institutions
6 House-backed Loan - 750 573 2,695 2,334 1,274
7 Commercial Property-backed
- - - - - 4,852
Loan
8 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
9 Employee/Retiree Loan - - - - - 6
10 Receivables from MSE and Retail
- - - - - -
Portfolio
11 Corporate Receivables - 797,718 - - - 1,074,449
12 Matured Receivables - - - - - 8
Total Administrative Account
29,234 957,180 573 2,695 6,944 1,278,623
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the Government 265,499 - - - - -
2 Receivables from Public Sector
- - - - - -
Entities
500 2025 Annual Report
Page 70
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2024
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - - - - - -
- 890,591 567,372 - - - - 76,735,061 7,044,279
18,090 - 474,846 1,451,121 - - 4,414,768 5,653,898 519,028
- - - - 10,938,343 6,383,698 - 19,964,586 1,832,749
- - - - - - - 1,008,239 92,556
- - 2,383,046 1,486,410 4,360,089 - - 7,139,768 655,431
- - - 2,236,859 5,161,988 924,093 - 9,939,515 912,447
- - - - 4,746,849 33,028 - 5,639,405 517,697
- - - - 13,084,857 77,591 - 13,201,243 1,211,874
18,090 890,591 3,444,850 5,174,391 38,498,995 7,869,163 4,414,768 147,115,202 13,505,175
- - - - - - - - -
- - - - 4,587 9,996 - 150,340 13,801
- - - - - - - - -
- - - - - - - - -
- - - - - - - 1,844 169
- 17 - - - - - 2,071 190
- - 9,383 30,086 - - 91,530 116,650 10,708
- - - - 363,643 269,791 - 768,331 70,533
- - - - - - - 3 -
- - 1,026 639 1,794 - - 3,075 282
- - - 548,567 1,209,323 226,624 - 2,712,309 248,990
- - - - - 1,063 - 1,599 147
- 17 10,409 579,292 1,579,348 507,475 91,530 3,756,222 344,820
- - - - - - - - -
- - - - - - - - -
2025 Annual Report 501
Page 71
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk Exposure 265,499 - - - - -
Disclosure of Net Receivables Based on Risk Weight after Taking into Account the Impact of Credit Risk
Mitigation - Bank Consolidated with Subsidiaries
December 31, 2025
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the Government 86,408,237 - - - - -
2 Receivables from Public Sector
- 20,200,619 - - - 597,786
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - 3,515,961 - - - -
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - 52,803,957 37,200,796 78,806,594 68,064,222 59,948,130
9 Commercial Property-backed
- 75,584 - - - 1,109,226
Loan
10 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
11 Employee/Retiree Loan - - - - - 1,884,758
12 Receivables from MSE and Retail
- - - - - -
Portfolio
13 Corporate Receivables - 15,230,549 - - - 5,653,745
502 2025 Annual Report
Page 72
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2024
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
(in million IDR)
December 31, 2025
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - 97 - - 97 9
- - - - - - - 4,339,017 401,359
- - - - - - - - -
- - - - - - - 703,192 65,045
- - - - - - - - -
- - 21,135 - - - - 8,454 782
- - - - - - - - -
- 5,185,834 50,184 - - - 1,888,385 82,685,385 7,648,398
- 1,448,993 4,905,898 3,219,245 2,856,819 - 701,537 11,441,461 1,058,335
- - - - 6,741,914 6,774,595 - 16,661,471 1,541,186
- - - - - - - 942,379 87,170
- - 3,442,414 - 10,245,177 - - 11,729,196 1,084,951
- - 122,212 3,529,646 746,661 100,691 - 9,533,343 881,834
2025 Annual Report 503
Page 73
05 Information on Capital and Risk Exposure
December 31, 2025
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
14 Matured Receivables - - - - - 896,512
15 Other Assets 2,154,840 - - - - -
Total Statement of Financial Position
88,563,077 91,826,669 37,200,796 78,806,594 68,064,222 70,090,157
Exposure
B EXPOSURE OF COMMITMENT/CONTINGENCY OBLIGATIONS IN ADMINISTRATIVE ACCOUNT TRANSACTIONS
1 Receivables from the Government 2,076 - - - - -
2 Receivables from Public Sector
- 56,839 - - - 64,822
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - 4,500 -
Services Institutions
6 House-backed Loan - 60 0 6 2 17
7 Commercial Property-backed
- 7,500 - - - -
Loan
8 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
9 Employee/Retiree Loan - - - - - -
10 Receivables from MSE and Retail
- - - - - -
Portfolio
11 Corporate Receivables - 3,848,685 - - - 1,714,069
12 Matured Receivables - - - - - 747
Total Administrative Account
2,076 3,913,084 0 6 4,502 1,779,655
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the Government 1,747,860 - - - - -
2 Receivables from Public Sector
- - - - - -
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk Exposure 1,747,860 - - - - -
504 2025 Annual Report
Page 74
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - 5,960,808 413,155 - 6,800,252 629,023
- - - - 15,660,750 77,591 - 15,777,135 1,459,385
- 6,634,826 8,541,843 6,748,891 42,212,225 7,366,032 2,589,922 160,621,384 14,857,477
- - - - - - - - -
- - - - - - - 43,779 4,050
- - - - - - - - -
- - - - - - - - -
- - - - - - - 1,800 167
- 0 - - - - - 21 2
- 49,965 4,470 167,367 105,193 - 33,202 215,210 19,907
- - - - 773,195 110,559 - 939,034 86,861
- - - - - - - - -
- - 6,996 - 340 - - 5,177 479
- - 30,075 1,130,374 168,764 24,779 - 2,814,698 260,360
- - - - 4,691 - - 5,064 468
- 49,965 41,541 1,297,741 1,052,183 135,339 33,202 4,024,783 372,294
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
2025 Annual Report 505
Page 75
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the Government 68,076,703 - - - - -
2 Receivables from Public Sector
- 7,237,445 - - - 8,930,292
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - 5,866,952 - - 500,843 -
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan - 29,344,757 24,315,490 97,527,442 80,820,419 52,701,608
9 Commercial Property-backed
- - - - - 234,050
Loan
10 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
11 Employee/Retiree Loan - - - - - 2,016,478
12 Receivables from MSE and Retail
- - - - - -
Portfolio
13 Corporate Receivables - 3,252,808 - - - 4,381,220
14 Matured Receivables - - - - - 1,783,669
15 Other Assets 2,105,621 - - - - -
Total Statement of Financial Position
70,182,324 45,701,961 24,315,490 97,527,442 81,321,262 70,047,317
Exposure
B EXPOSURE OF COMMITMENT/CONTINGENCY OBLIGATIONS IN ADMINISTRATIVE ACCOUNT TRANSACTIONS
1 Receivables from the Government 29,234 - - - - -
2 Receivables from Public Sector
- 158,712 - - - 198,034
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - 4,610 -
Services Institutions
6 House-backed Loan - 750 573 2,695 2,334 1,274
7 Commercial Property-backed
- - - - - 4,852
Loan
8 Loan for Land Acquisition, Land
- - - - - -
Management and Construction
506 2025 Annual Report
Page 76
PT Bank Tabungan Negara (Persero) Tbk
(in million IDR)
December 31, 2024
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - - - - - -
- - - - 206,869 450,753 - 6,451,925 592,287
- - - - - - - - -
- - - - - - - 1,373,728 126,108
- - - - - - - - -
- - 19,585 - - - - 7,834 719
- - - - - - - - -
- 890,591 567,372 - - - - 76,735,061 7,044,279
18,090 - 474,846 1,451,121 - - 4,414,768 5,653,898 519,028
- - - - 10,938,343 6,383,698 - 19,964,586 1,832,749
- - - - - - - 1,008,239 92,556
- - 2,383,046 1,486,410 4,360,089 - - 7,139,768 655,431
- - - 2,236,859 5,161,988 924,093 - 9,939,515 912,447
- - - - 4,746,849 33,028 - 5,639,405 517,697
- - - - 13,084,857 77,591 - 13,201,243 1,211,874
18,090 890,591 3,444,850 5,174,391 38,498,995 7,869,163 4,414,768 147,115,202 13,505,175
- - - - - - - - -
- - - - 4,587 9,996 - 150,340 13,801
- - - - - - - - -
- - - - - - - - -
- - - - - - - 1,844 169
- 17 - - - - - 2,071 190
- - 9,383 30,086 - - 91,530 116,650 10,708
- - - - 363,643 269,791 - 768,331 70,533
2025 Annual Report 507
Page 77
05 Information on Capital and Risk Exposure
December 31, 2024
Net Receivables After Taking into Account the Impact of Credit Risk
No. Portfolio Category
Mitigation
0% 20% 25% 30% 40% 50%
9 Employee/Retiree Loan - - - - - 6
10 Receivables from MSE and Retail
- - - - - -
Portfolio
11 Corporate Receivables - 797,718 - - - 1,074,449
12 Matured Receivables - - - - - 8
Total Administrative Account
29,234 957,180 573 2,695 6,944 1,278,623
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the Government 265,499 - - - - -
2 Receivables from Public Sector
- - - - - -
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk Exposure 265,499 - - - - -
Disclosure of Net Receivables and Credit Risk Mitigation Techniques -
Bank Individually
(in million IDR)
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the
68,700,433 - - - - 68,700,433
Government
2 Receivables from Public
20,745,982 - - - - 20,745,982
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks 3,515,936 - - - - 3,515,936
5 Receivables of a Covered
- - - - - -
Bond
508 2025 Annual Report
Page 78
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2024
Capital
Net Receivables After Taking into Account the Impact of Credit Risk Mitigation RWA
Expense
60% 70% 75% 85% 100% 150% Other
- - - - - - - 3 -
- - 1,026 639 1,794 - - 3,075 282
- - - 548,567 1,209,323 226,624 - 2,712,309 248,990
- - - - - 1,063 - 1,599 147
- 17 10,409 579,292 1,579,348 507,475 91,530 3,756,222 344,820
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
6 Receivables from
Securities Companies and
21,135 - - - - 21,135
Other Financial Services
Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8 House-backed Loan 253,918,149 - - 135,504,145 - 118,414,004
9 Commercial Property-
11,460,483 - - - - 11,460,483
backed Loan
2025 Annual Report 509
Page 79
05 Information on Capital and Risk Exposure
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
10 Loan for Land Acquisition,
Land Management and 13,516,509 161,556 - - - 13,354,952
Construction
11 Employee/Retiree Loan 1,884,758 - - - - 1,884,758
12 Receivables from MSE and
13,320,586 - - 1,691,509 - 11,629,077
Retail Portfolio
13 Corporate Receivables 25,078,803 - - - - 25,078,803
14 Matured Receivables 6,867,745 - - - - 6,867,745
15 Other Assets 16,342,405 - - - - 16,342,405
Total Statement of Financial
435,372,925 161,556 - 137,195,655 298,015,714
Position Exposure
B ADMINISTRATIVE ACCOUNT TRANSACTION EXPOSURE
1 Receivables from the
2,076 - - - - 2,076
Government
2 Receivables from Public
121,661 - - - - 121,661
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
4,500 - - - - 4,500
Other Financial Services
Institutions
6 House-backed Loan 86 - - - - 86
7 Commercial Property-
262,504 - - - - 262,504
backed Loan
8 Loan for Land Acquisition,
Land Management and 883,754 - - - - 883,754
Construction
9 Employee/Retiree Loan - - - - - -
10 Receivables from MSE and
7,121 - - - - 7,121
Retail Portfolio
11 Corporate Receivables 6,856,746 - - - - 6,856,746
12 Matured Receivables 747 - - - - 747
Total Administrative Account
8,139,196 - - - 8,139,196
Transactions Exposure
510 2025 Annual Report
Page 80
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the
1,747,860 - - - - 1,747,860
Government
2 Receivables from Public
- - - - - -
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
- - - - - -
Other Financial Services
Institutions
6 Receivables from MSE and
- - - - - -
Retail Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk
1,747,860 - - - 1,747,860
Exposure
TOTAL (A+B+C) 445,259,982 161,556 - 137,195,655 307,902,770
(in million IDR)
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the
68,076,703 - - - - 68,076,703
Government
2 Receivables from Public
16,825,358 687,416 - - - 16,137,942
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks 6,367,795 - - - - 6,367,795
5 Receivables of a Covered
- - - - - -
Bond
6 Receivables from
Securities Companies and
19,585 - - - - 19,585
Other Financial Services
Institutions
2025 Annual Report 511
Page 81
05 Information on Capital and Risk Exposure
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8 House-backed Loan 286,167,679 - - 150,233,327 - 135,934,352
9 Commercial Property-
6,592,875 43,364 - - - 6,549,511
backed Loan
10 Loan for Land Acquisition,
Land Management and 17,322,041 366,203 - - - 16,955,838
Construction
11 Employee/Retiree Loan 2,016,478 - - - - 2,016,478
12 Receivables from MSE and
8,229,546 265,472 - 130,820 - 7,833,254
Retail Portfolio
13 Corporate Receivables 15,956,968 931,803 - - - 15,025,165
14 Matured Receivables 6,563,546 - - 61,026 - 6,502,520
15 Other Assets 15,268,069 - - - - 15,268,069
Total Statement of Financial
449,406,643 2,294,258 - - 296,687,212
Position Exposure
B ADMINISTRATIVE ACCOUNT TRANSACTION EXPOSURE
1 Receivables from the
29,234 - - - - 29,234
Government
2 Receivables from Public
371,328 - - - - 371,328
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
4,610 - - - - 4,610
Other Financial Services
Institutions
6 House-backed Loan 7,642 - - - - 7,642
7 Commercial Property-
135,852 - - - - 135,852
backed Loan
8 Loan for Land Acquisition,
Land Management and 633,435 - - - - 633,435
Construction
9 Employee/Retiree Loan 6 - - - - 6
10 Receivables from MSE and
3,459 - - - - 3,459
Retail Portfolio
512 2025 Annual Report
Page 82
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
11 Corporate Receivables 3,856,681 - - - - 3,856,681
12 Matured Receivables 1,071 - - - - 1,071
Total Administrative Account
5,043,318 - - - 5,043,318
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the
265,499 - - - - 265,499
Government
2 Receivables from Public
- - - - - -
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
- - - - - -
Other Financial Services
Institutions
6 Receivables from MSE and
- - - - - -
Retail Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk
265,499 - - - 265,499
Exposure
TOTAL (A+B+C) 454,715,460 2,294,258 - - 301,996,029
Disclosure of Net Receivables and Credit Risk Mitigation Techniques -
Bank Consolidated with Subsidiaries
(in million IDR)
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the
86,408,334 - - - - 86,408,334
Government
2 Receivables from Public
20,798,405 - - - - 20,798,405
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
2025 Annual Report 513
Page 83
05 Information on Capital and Risk Exposure
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
4 Receivables from Banks 3,515,961 - - - - 3,515,961
5 Receivables of a Covered
- - - - - -
Bond
6 Receivables from
Securities Companies and
21,135 - - - - 21,135
Other Financial Services
Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8 House-backed Loan 303,948,102 - - 168,581,089 - 135,367,013
9 Commercial Property-
14,317,301 - - - - 14,317,301
backed Loan
10 Loan for Land Acquisition,
Land Management and 13,516,509 161,556 - - - 13,354,952
Construction
11 Employee/Retiree Loan 1,884,758 - - - - 1,884,758
12 Receivables from MSE and
13,687,591 - - 1,691,509 - 11,996,082
Retail Portfolio
13 Corporate Receivables 25,383,504 - - - - 25,383,504
14 Matured Receivables 7,270,475 - - 247,380 - 7,023,094
15 Other Assets 17,893,180 - - - - 17,893,180
Total Statement of Financial
508,645,254 161,556 - 170,519,979 337,963,719
Position Exposure
B ADMINISTRATIVE ACCOUNT TRANSACTION EXPOSURE
1 Receivables from the
2,076 - - - - 2,076
Government
2 Receivables from Public
121,661 - - - - 121,661
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
4,500 - - - - 4,500
Other Financial Services
Institutions
6 House-backed Loan 86 - - - - 86
7 Commercial Property-
367,698 - - - - 367,698
backed Loan
514 2025 Annual Report
Page 84
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
8 Loan for Land Acquisition,
Land Management and 883,754 - - - - 883,754
Construction
9 Employee/Retiree Loan - - - - - -
10 Receivables from MSE and
7,336 - - - - 7,336
Retail Portfolio
11 Corporate Receivables 6,916,746 - - - - 6,916,746
12 Matured Receivables 5,438 - - - - 5,438
Total Administrative Account
8,309,296 - - - 8,309,296
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the
1,747,860 - - - - 1,747,860
Government
2 Receivables from Public
- - - - - -
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
- - - - - -
Other Financial Services
Institutions
6 Receivables from MSE and
- - - - - -
Retail Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk
1,747,860 - - - 1,747,860
Exposure
TOTAL (A+B+C) 518,702,411 161,556 - 170,519,979 348,020,875
(in million IDR)
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
A STATEMENT OF FINANCIAL POSITION EXPOSURE
1 Receivables from the
68,076,703 - - - - 68,076,703
Government
2 Receivables from Public
16,825,358 687,416 - - - 16,137,942
Sector Entities
2025 Annual Report 515
Page 85
05 Information on Capital and Risk Exposure
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks 6,367,795 - - - - 6,367,795
5 Receivables of a Covered
- - - - - -
Bond
6 Receivables from
Securities Companies and
19,585 - - - - 19,585
Other Financial Services
Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and
Other Capital Instruments
8 House-backed Loan 286,167,679 - - 150,233,327 - 135,934,352
9 Commercial Property-
6,592,875 43,364 - - - 6,549,511
backed Loan
10 Loan for Land Acquisition,
Land Management and 17,322,041 366,203 - - - 16,955,838
Construction
11 Employee/Retiree Loan 2,016,478 - - - - 2,016,478
12 Receivables from MSE and
8,229,546 265,472 - 130,820 - 7,833,254
Retail Portfolio
13 Corporate Receivables 15,956,968 931,803 - - - 15,025,165
14 Matured Receivables 6,563,546 - - 61,026 - 6,502,520
15 Other Assets 15,268,069 - - - - 15,268,069
Total Statement of Financial
449,406,643 2,294,258 - - 296,687,212
Position Exposure
B ADMINISTRATIVE ACCOUNT TRANSACTION EXPOSURE
1 Receivables from the
29,234 - - - - 29,234
Government
2 Receivables from Public
371,328 - - - - 371,328
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
516 2025 Annual Report
Page 86
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2024
Guaranteed portion by
No. Portfolio Category
Net Unguaranteed
Receivables Credit portion
Collateral Guarantee Other
Insurance
5 Receivables from
Securities Companies and
4,610 - - - - 4,610
Other Financial Services
Institutions
6 House-backed Loan 7,642 - - - - 7,642
7 Commercial Property-
135,852 - - - - 135,852
backed Loan
8 Loan for Land Acquisition,
Land Management and 633,435 - - - - 633,435
Construction
9 Employee/Retiree Loan 6 - - - - 6
10 Receivables from MSE and
3,459 - - - - 3,459
Retail Portfolio
11 Corporate Receivables 3,856,681 - - - - 3,856,681
12 Matured Receivables 1,071 - - - - 1,071
Total Administrative Account
5,043,318 - - - 5,043,318
Transactions Exposure
C EXPOSURE FROM COUNTERPARTY CREDIT RISK
1 Receivables from the
265,499 - - - - 265,499
Government
2 Receivables from Public
- - - - - -
Sector Entities
3 Receivables from
Multilateral Development
- - - - - -
Banks and International
Institutions
4 Receivables from Banks - - - - - -
5 Receivables from
Securities Companies and
- - - - - -
Other Financial Services
Institutions
6 Receivables from MSE and
- - - - - -
Retail Portfolio
7 Corporate Receivables - - - - - -
Total Counterparty Credit Risk
265,499 - - - 265,499
Exposure
TOTAL (A+B+C) 454,715,460 2,294,258 - - 301,996,029
2025 Annual Report 517
Page 87
05 Information on Capital and Risk Exposure
Disclosure of calculation of Credit Risk RWA using the standard approach -
Bank Individually
Asset exposures in the statement of financial position, except securitization exposures
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 68,700,433 97 97 68,076,703 - -
a. Receivables from the
68,700,336 - - 68,076,703 - -
Indonesian Government
b. Receivables from the Other
97 97 97 - - -
Countries Government
2 Receivables from Public Sector
20,745,982 4,328,532 4,328,532 16,825,358 6,795,633 6,451,925
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks 3,515,936 703,187 703,187 6,367,795 1,373,728 1,373,728
a. Short Term Receivable 2,513,736 502,747 502,747 5,866,952 1,173,390 1,173,390
b. Long Term Receivable 1,002,200 200,440 200,440 500,843 200,337 200,337
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other Financial 21,135 8,454 8,454 19,585 7,834 7,834
Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan 253,918,149 93,762,044 72,261,518 286,167,679 100,933,971 76,735,061
9 Commercial Property-backed Loan 11,460,483 8,720,220 8,584,643 6,592,875 5,690,757 5,653,898
10 Loan for Land Acquisition, Land
13,516,509 16,903,806 16,661,471 17,322,041 20,513,890 19,964,586
Management and Construction
11 Employee/Retiree Loan 1,884,758 942,379 942,379 2,016,478 1,008,239 1,008,239
12 Receivables from MSE and Retail
13,320,586 12,551,734 11,453,942 8,229,546 7,410,823 7,139,768
Portfolio
13 Corporate Receivables 25,078,803 9,557,837 9,228,643 15,956,968 11,290,630 9,939,515
14 Matured Receivables 6,867,745 6,626,067 6,595,426 6,563,546 5,688,226 5,639,405
a. House-backed Loan 4,957,082 4,957,082 4,957,082 4,746,750 4,746,750 4,697,929
b. Other than house-backed
1,910,663 1,668,985 1,638,344 1,816,796 941,476 941,476
Loan
15 Other Assets 16,342,405 - 14,348,659 15,268,069 - 13,201,243
a. Cash, gold, and
2,032,541 - - 2,105,621 - -
commemorative coins
b. Investments (other than those
- - - - - -
deducted from capital)
518 2025 Annual Report
Page 88
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1) Temporary investment for
- - - - - -
credit restructuring
2) Investment in financial
companies that are
- - - - - -
not listed on the stock
exchange
3) Investment in financial
companies listed on the - - - - - -
stock exchange
c. Fixed assets and net inventory 10,460,554 - 10,460,554 9,176,131 - 9,176,131
d. Foreclosed collaterals 77,591 - 116,386 77,591 - 116,386
e. Inter-Office Net - - - - - -
f. Others 3,771,720 - 3,771,720 3,908,727 - 3,908,727
TOTAL 435,372,925 154,104,358 145,116,953 449,406,643 160,713,730 147,115,202
Exposure of Commitment/Contingency Obligations in Administrative Account Transactions, except securitization
exposures.
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 2,076 - - 29,234 - -
a. Receivables from the
2,076 - - 29,234 - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2 Receivables from Public Sector
121,661 43,779 43,779 371,328 150,340 150,340
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
5 Receivables from Securities
Companies and Other Financial 4,500 1,800 1,800 4,610 1,844 1,844
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable 4,500 1,800 1,800 4,610 1,844 1,844
6 House-backed Loan 86 23 21 7,642 2,684 2,071
7 Commercial Property-backed Loan 262,504 215,324 215,210 135,852 117,414 116,650
2025 Annual Report 519
Page 89
05 Information on Capital and Risk Exposure
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
8 Loan for Land Acquisition, Land
883,754 939,034 939,034 633,435 768,331 768,331
Management and Construction
9 Employee/Retiree Loan - - - 6 3 3
10 Receivables from MSE and Retail
7,121 5,425 5,015 3,459 3,106 3,075
Portfolio
11 Corporate Receivables 6,856,746 2,756,079 2,754,698 3,856,681 2,712,309 2,712,309
12 Matured Receivables 747 374 374 1,071 1,599 1,599
a. House-backed Loan - - - - - -
b. Other than house-backed
747 374 374 1,071 1,599 1,599
Loan
TOTAL 8,139,196 3,961,838 3,959,931 5,043,318 3,757,630 3,756,222
Exposure Resulting in Credit Risk due to Counterparty Failure (Counterparty Credit Risk)
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 1,747,860 - - 265,499 - -
a. Receivables from the
1,747,860 - - 265,499 - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2 Receivables from Public Sector
- - - - - -
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
TOTAL 1,747,860 - - 265,499 - -
520 2025 Annual Report
Page 90
PT Bank Tabungan Negara (Persero) Tbk
Exposures Resulting in Credit Risk due to Settlement Failure (Settlement Risk)
(in IDR million)
December 31, 2025 December 31, 2024
No Transaction Type Capital Capital
Exposure Exposure
Regulatory RWA Regulatory RWA
Value Value
Adjustment Adjustment
1. For transactions classified as
- - - -
Delivery versus payment (DvP)
a. Capital 8% (5-15 days) - - - -
b. Capital Expense 50% (16-30
- - - -
days)
c. Capital Expense 75% (31-45
- - - -
days)
d. Capital Expense 100% (more
- - - -
than 45 days)
2. For transactions classified as Non
- - - -
Delivery versus payment (Non DvP)
TOTAL - - - - - -
Securitization Exposure
(in IDR millions)
December 31, 2025 December 31, 2024
No Transaction Type Capital Capital
Regulatory RWA Regulatory RWA
Adjustment Adjustment
1. RWA for Securitization Exposure calculated using the
0 - -
External Rating Based Approach (ERBA) Method
2. RWA for Securitization Exposure calculated by
0 171,393 194,108
Standardized Approach (SA) Method
3. Securitization Exposure which is a Main Core Capital
- 0 -
Reduction Factor
TOTAL - 171,393 - 194,108
Derivative Exposure
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1. Receivables from the Government - - - - - -
a. Receivables from the
- - - - - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2. Receivables from Public Sector
- - - - - -
Entities
2025 Annual Report 521
Page 91
05 Information on Capital and Risk Exposure
December 31, 2025 December 31, 2024
No Portfolio Category RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
3. Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4. Receivables from Banks - - - 253,941 50,788 50,788
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - 253,941 50,788 50,788
5. Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
6. Receivables from MSE and Retail
- - - - - -
Portfolio
7. Corporate Receivables - - - - - -
8. Exposure related to Central
- - - - - -
Counterparty (CCP)
TOTAL - - - 253,941 50,788 50,788
Total Credit Risk Measurement (1+2+3+4+5+6)
(in IDR millions)
December 31, 2025 December 31, 2024
RWA CALCULATION ON CREDIT RISK (A) 149,248,276 151,116,320
CREDIT RISK RWA REDUCTION FACTOR: The excess of PPKA general
reserves over productive assets which must be calculated with (B) 1,167,894 1,828,570
1.25% RWA for Credit Risk
TOTAL RWA CREDIT RISK (A) - (B) (C) 148,080,382 149,287,750
TOTAL CAPITAL REDUCTION FACTORS (D) - -
Disclosure of Credit Risk RWA Calculation Using the Standardized Approach –
Bank on a Consolidated Basis with Subsidiaries
Asset Exposures in the Statement of Financial Position, Excluding Securitization Exposures
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 86,408,335 97 97 68,076,703 - -
a. Receivables from the
86,408,237 - - 68,076,703 - -
Indonesian Government
b. Receivables from the Other
97 97 97 - - -
Countries Government
522 2025 Annual Report
Page 92
PT Bank Tabungan Negara (Persero) Tbk
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
2 Receivables from Public Sector Entities 20,798,405 4,339,017 4,339,017 16,825,358 6,795,633 6,451,925
3 Receivables from Multilatera
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks 3,515,961 703,192 703,192 6,367,795 1,373,728 1,373,728
a. Short Term Receivable 2,513,761 502,752 502,752 5,866,952 1,173,390 1,173,390
b. Long Term Receivable 1,002,200 200,440 200,440 500,843 200,337 200,337
5 Receivables of a Covered Bond - - - - - -
6 Receivables from Securities
Companies and Other 21,135 8,454 8,454 19,585 7,834 7,834
Financial Services Institutions
7 Receivables in the form of
Securities/Subordinated
- - - - - -
Receivables, Equity and Other
Capital Instruments
8 House-backed Loan 303,948,102 105,031,379 82,685,385 286,167,679 100,933,971 76,735,061
9 Commercial Property-backed
14,317,301 11,577,038 11,441,461 6,592,875 5,690,757 5,653,898
Loan
10 Loan for Land Acquisition, Land
13,516,509 16,903,806 16,661,471 17,322,041 20,513,890 19,964,586
Management and Construction
11 Employee/Retiree Loan 1,884,758 942,379 942,379 2,016,478 1,008,239 1,008,239
12 Receivables from MSE and
13,687,591 12,826,987 11,729,196 8,229,546 7,410,823 7,139,768
Retail Portfolio
13 Corporate Receivables 25,383,504 9,862,538 9,533,343 15,956,968 11,290,630 9,939,515
14 Matured Receivables 7,270,475 7,028,797 6,800,252 6,563,546 5,688,226 5,639,405
a. House-backed Loan 5,357,275 5,357,275 5,159,371 4,746,750 4,746,750 4,697,929
b. Other than house-backed
1,913,200 1,671,522 1,640,881 1,816,796 941,476 941,476
Loan
15 Other Assets 17,893,180 - 15,777,135 15,268,069 - 13,201,243
a. Cash, gold, and
2,154,840 - - 2,105,621 - -
commemorative coins
b. Investments (other than those
- - - - - -
deducted from capital)
1) Temporary investment for
- - - - - -
credit restructuring
2) Investment in financial
companies that are
- - - - - -
not listed on the stock
exchange
3) Investment in financial
companies listed on the - - - - - -
stock exchange
c. Fixed assets and net inventory 10,508,301 - 10,508,301 9,176,131 - 9,176,131
d. Foreclosed collaterals 77,591 - 116,386 77,591 - 116,386
2025 Annual Report 523
Page 93
05 Information on Capital and Risk Exposure
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
e. Inter-Office Net - - - - - -
f. Others 5,152,448 - 5,152,448 3,908,727 - 3,908,727
TOTAL 508,645,255 169,223,685 160,621,384 449,406,643 160,713,730 147,115,202
Commitment/Contingent Liability Exposures in Administrative Account Transactions, Excluding Securitization Exposures
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 2,076 - - 29,234 - -
a. Receivables from the
2,076 - - 29,234 - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2 Receivables from Public Sector
121,661 43,779 43,779 371,328 150,340 150,340
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
5 Receivables from Securities
Companies and Other Financial 4,500 1,800 1,800 4,610 1,844 1,844
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable 4,500 1,800 1,800 4,610 1,844 1,844
6 House-backed Loan 86 23 21 7,642 2,684 2,071
7 Commercial Property-backed Loan 367,698 320,518 215,210 135,852 117,414 116,650
8 Loan for Land Acquisition, Land
883,754 939,034 939,034 633,435 768,331 768,331
Management and Construction
9 Employee/Retiree Loan - - - 6 3 3
10 Receivables from MSE and Retail
7,336 5,587 5,177 3,459 3,106 3,075
Portfolio
11 Corporate Receivables 6,916,746 2,816,079 2,814,698 3,856,681 2,712,309 2,712,309
12 Matured Receivables 5,438 5,064 5,064 1,071 1,599 1,599
a. House-backed Loan - - - - - -
b. Other than house-backed
5,438 5,064 5,064 1,071 1,599 1,599
Loan
TOTAL 8,309,296 4,131,884 4,024,783 5,043,318 3,757,630 3,756,222
524 2025 Annual Report
Page 94
PT Bank Tabungan Negara (Persero) Tbk
Exposures Giving Rise to Counterparty Credit Risk
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1 Receivables from the Government 1,747,860 - - 265,499 - -
a. Receivables from the
1,747,860 - - 265,499 - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2 Receivables from Public Sector
- - - - - -
Entities
3 Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4 Receivables from Banks - - - - - -
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
5 Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
6 Receivables from MSE and Retail
- - - - - -
Portfolio
7 Corporate Receivables - - - - - -
TOTAL 1,747,860 - - 265,499 - -
Exposures Giving Rise to Settlement Risk
(in IDR millions)
December 31, 2025 December 31, 2024
No Transaction Type Capital Capital
Exposure Exposure
Regulatory RWA Regulatory RWA
Value Value
Adjustment Adjustment
1. For transactions classified as
- - - -
Delivery versus payment (DvP)
a. Capital 8% (5-15 days) - - - -
b. Capital Expense 50% (16-30
- - - -
days)
c. Capital Expense 75% (31-45
- - - -
days)
d. Capital Expense 100% (more
- - - -
than 45 days)
2. For transactions classified as Non
- - - -
Delivery versus payment (Non DvP)
TOTAL - - - - - -
2025 Annual Report 525
Page 95
05 Information on Capital and Risk Exposure
Securitization Exposure
(in IDR millions)
December 31, 2025 December 31, 2024
No Transaction Type Capital Capital
Regulatory RWA Regulatory RWA
Adjustment Adjustment
1. RWA for Securitization Exposure calculated using the
0 - -
External Rating Based Approach (ERBA) Method
2. RWA for Securitization Exposure calculated by
0 171,393 194,108
Standardized Approach (SA) Method
3. Securitization Exposure which is a Main Core Capital
- 0 -
Reduction Factor
TOTAL - 171,393 - 194,108
Derivative Exposuref
(in IDR millions)
December 31, 2025 December 31, 2024
No Portfolio Categories RWA RWA
Net RWA after Net RWA after
before before
Receivables CRM Receivables CRM
CRM CRM
1. Receivables from the Government - - - - - -
a. Receivables from the
- - - - - -
Indonesian Government
b. Receivables from the Other
- - - - - -
Countries Government
2. Receivables from Public Sector
- - - - - -
Entities
3. Receivables from Multilateral
Development Banks and - - - - - -
International Institutions
4. Receivables from Banks - - - 253,941 50,788 50,788
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - 253,941 50,788 50,788
5. Receivables from Securities
Companies and Other Financial - - - - - -
Services Institutions
a. Short Term Receivable - - - - - -
b. Long Term Receivable - - - - - -
6. Receivables from MSE and Retail
- - - - - -
Portfolio
7. Corporate Receivables - - - - - -
8. Exposure related to Central
- - - - - -
Counterparty (CCP)
TOTAL - - - 253,941 50,788 50,788
526 2025 Annual Report
Page 96
PT Bank Tabungan Negara (Persero) Tbk
Total Credit Risk Measurement (1+2+3+4+5+6)
(in IDR millions)
31-Dec-25 31-Dec-24
RWA CALCULATION ON CREDIT RISK (A) 164,817,560 151,116,320
CREDIT RISK RWA REDUCTION FACTOR:
The excess of PPKA general reserves over productive assets which (B) 973,278 1,828,570
must be calculated with 1.25% RWA for Credit Risk
TOTAL RWA CREDIT RISK (A) - (B) (C) 163,844,282 149,287,750
TOTAL CAPITAL REDUCTION FACTORS (D) - -
Qualitative Disclosure of Counterparty Credit Risk (CCRA)
The Bank currently has not joined a Central Counterparty (CCP), therefore it does not have direct exposure to a CCP.
However, the Bank manages counterparty credit risk by setting exposure limits based on internal capital and using
collateral or guarantees as risk mitigation measures. The Bank also periodically monitors risks arising from changes in
credit ratings and ensures that the value of collateral is sufficient to cover potential risks that may arise.
Analysis of Counterparty Credit Risk Exposure (CCR1)
(in IDR millions)
Alpha is
Potential
Replacement used for Net
future EEPE RWA
cost (RC) regulatory EAD Receivables
exposure (PFE)
calculations
1 SA-CCR (for derivatives) 0 0 1,4 0 -
2 Internal Model Method N/A N/A
(for derivatives and SFT)
3 Simple approach for N/A N/A
credit risk mitigation
(for SFT)
4 Comprehensive
approach for credit risk
mitigation (for SFT)
5 VaR for SFT N/A N/A
6 Total -
Qualitative Analysis
The Bank had no Counterparty Credit Risk exposure as of December 2025
Capital Charge untuk Credit Valuation Adjustment (CCR2)
a b
Indonesia
Net Exposure RWA
Total portfolios based on Advanced CVA capital charge N/A N/A
1 (i) VaR component (including 3× multiplier) N/A
2 (ii) Stressed VaR component (including 3× multiplier) N/A
3 All Portfolios under the Standardised CVA Capital Charge
4 Total under CVA Capital Charge
2025 Annual Report 527
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05 Information on Capital and Risk Exposure
Qualitative Analysis
The bank does not have any OTC derivative transactions
CCR Exposure by Portfolio Category and Risk Weight (CCR3)
(in millions of Rupiah)
Total Net
Risk Weight by Portfolio Category 0% 10% 20% 50% 75% 100% 150% Other
Exposure
Claims on Sovereigns and Central Banks 64,021 - - - - - - - 64,021
Claims on Public Sector Entities - - - - - - - - -
Claims on Multilateral Development Banks - - - - - - - - -
and International Institutions
Claims on Other Banks - - - - - - - - -
Claims on Securities Companies - - - - - - - - -
Claims on Corporates - - - - - - - - -
Claims on Micro Enterprises, Small - - - - - - - - -
Enterprises, and Retail Portfolio
Other Assets - - - - - - - - -
Total 64,021 - - - - - - - 64,021
Qualitative Analysis
Counterparty Credit Risk exposure as of December 2025 was recorded under Claims on Sovereigns originating from Repo
instruments.
Net Credit Derivatives Exposure (CCR6)
(in millions of Rupiah)
Protection Bought Protection Sold
Indonesia - -
Notional Value - -
Single-name credit default swaps - -
Index credit default swaps - -
Total return swaps - -
Credit options - -
Other credit derivatives - -
Total Notional Value - -
Fair value - -
Positive fair value (assets) - -
Negative fair value (liabilities) - -
Qualitative Analysis
The Bank does not have any net receivables from credit derivatives.
528 2025 Annual Report
Page 98
PT Bank Tabungan Negara (Persero) Tbk
Qualitative Disclosure on Securitization provider. In this regard, the Bank supports the
Exposure (SECA) securitization structure by providing securities
to be traded through special purpose entities
The primary objective is to diversify the portfolio and (SPVs), such as Asset-Backed Commercial
enhance liquidity. In managing securitization risk, the Paper (ABCP) conduits, while ensuring that the
Bank considers the allocation between the banking book associated risk exposures are properly managed.
and the trading book. Each category is managed with • Affiliated Entities:
a different strategy, where the banking book focuses The Bank also conducts securitization through
on long-term management and income stability, affiliated entities that are arranged or
while the trading book focuses on generating short- recommended by the Bank, where these entities
term gains through market fluctuations. The Bank also act as investors. Assessments are carried out to
maintains consistency in monitoring risks arising from ensure that investments are not limited to the
securitization activities, including market and credit risks Bank or SPVs that have been disposed of by the
associated with securitization and re-securitization. Bank, but also include securities instruments
managed by third parties involved in the
The Bank conducts securitization to transfer a portion securitization process.
of the credit risk from its loan portfolio to third parties, • Entities with Implicit Support from the Bank:
thereby reducing the credit risk exposure faced by the The Bank ensures that entities involved in
Bank. In this activity, the Bank also transfers credit risk securitization receive adequate support from
to third-party entities (e.g., SPV) through securitization, the Bank, both in terms of financing and their
while maintaining oversight to ensure that the transferred role in risk management. This is also related to
risk remains aligned with the Bank’s risk profile. its impact on the Bank’s capital, which is closely
monitored through the measurement of its effect
a. The Bank’s Objectives in Relation to Securitization on the Capital Adequacy Ratio (CAR).
and Re-securitization Activities
The Bank’s Securitization Exposure: c. The Bank’s Accounting Policies Related to
• The Bank manages its securitization exposure Securitization Activities
in accordance with prevailing policies with the The Company applies accounting policies in
objective of mitigating systemic risks that may accordance with the applicable standards in
arise from fluctuations in the securities market. relation to securitization, including the recording
• Securitization activities are conducted by of securitization transactions in the financial
taking into consideration their impact on the statements and the recognition of income derived
Bank’s capital and the risks faced by the Bank, from securitization activities. The Company ensures
particularly in relation to the management of that all securitization transactions are recorded
credit risk and liquidity risk. transparently and accurately and involve relevant
parties to maintain the integrity of the financial
b. List of the Bank’s Required Disclosures Related to statements.
Special Purpose Entities (SPV)
• Special Purpose Entities (SPV):
The Bank acts as a sponsor in securitization
transactions, but not as the originator or asset
Securitization Exposure in the Banking Book (SEC1)
(in IDR millions)
Bank as Investor
Bank as Originator Bank as Sponsor
Traditional
No
Sub- Sub- Sub-
Traditional Synthetic Traditional Synthetic Traditional Synthetic
total total total
Retail (total) –
1 - - - - - - - - -
including:
2 Housing loans - - - - - - - - -
3 Credit cards - - - - - - - - -
2025 Annual Report 529
Page 99
05 Information on Capital and Risk Exposure
Bank as Investor
Bank as Originator Bank as Sponsor
Traditional
No
Sub- Sub- Sub-
Traditional Synthetic Traditional Synthetic Traditional Synthetic
total total total
Other retail
4 - - - - - - - - -
exposures
5 Re-securitization - - - - - - - - -
Non-retail (total) –
6 - - - - - - - - -
including:
7 Corporate loans - - - - - - - - -
Commercial
8 - - - - - - - - -
loans
Leases and
9 - - - - - - - - -
receivables
Other non-retail
10 - - - - - - - - -
exposures
11 Re-securitization - - - - - - - - -
Qualitative Analysis
As of 31 December 2025, the Bank did not have any securitization exposure in the Banking Book.
Securitization Exposure in the Trading Book (SEC2)
(in IDR millions)
Bank as Investor
Bank as Originator Bank as Sponsor
Traditional
No
Sub- Sub- Sub-
Traditional Synthetic Traditional Synthetic Traditional Synthetic
total total total
Retail (total) –
1 - - - - - - 446,466 -
including: 446,466
2 Housing loans 446,466
446,466
3 Credit cards
Other retail
4
exposures
5 Re-securitization
Non-retail (total) –
6 - - - - - - - - -
including:
7 Corporate loans
Commercial
8
loans
Leases and
9
receivables
Other non-retail
10
exposures
11 Re-securitization
Qualitative Analysis
As of 31 December 2025, the Bank had securitization exposure in the Trading Book, where the Bank acted as an investor.
530 2025 Annual Report
Page 100
PT Bank Tabungan Negara (Persero) Tbk
Securitization Exposure in the Banking Book and the Related Capital Requirements –
Bank Acting as Originator or Sponsor (SEC3)
(in IDR millions)
Exposure Value (Based on Risk Weights)
No Indonesia >50% to >100% to
≤20% >20% to 50% 1250%
100% <1250%
Risk Weight Risk Weight Risk Weight
Risk Weight Risk Weight
1 Total Exposure - - - - -
2 Traditional Securitization - - - - -
3 of which underlying securitization: - - - - -
4 Retail - - - - -
5 Non-Retail - - - - -
6 of which re-securitization: - - - - -
7 Senior - - - - -
8 Non-senior - - - - -
9 Synthetic Securitization - - - - -
10 of which underlying securitization: - - - - -
11 Retail - - - - -
12 Non-Retail - - - - -
13 of which re-securitization: - - - - -
14 Senior - - - - -
15 Non-senior - - - - -
Exposure value (based on regulatory approach)
No Indonesia
IRB RBA
IRB SFA SA/SSFA 1250%
(including IAA)
1 Total Exposure - - - -
2 Traditional Securitization - - - -
3 of which underlying securitization: - - - -
4 Retail - - - -
5 Non-Retail - - - -
6 of which re-securitization: - - - -
7 Senior - - - -
8 Non-senior - - - -
9 Synthetic Securitization - - - -
10 of which underlying securitization: - - - -
11 Retail - - - -
12 Non-Retail - - - -
13 of which re-securitization: - - - -
14 Senior - - - -
15 Non-senior - - - -
2025 Annual Report 531
Page 101
05 Information on Capital and Risk Exposure
RWA (based on the regulatory approach)
No Indonesia
IRB RBA
IRB SFA SA/SSFA 1250%
(including IAA)
1 Total Exposure - - - -
2 Traditional Securitization - - - -
3 of which underlying securitization: - - - -
4 Retail - - - -
5 Non-Retail - - - -
6 of which re-securitization: - - - -
7 Senior - - - -
8 Non-senior - - - -
9 Synthetic Securitization - - - -
10 of which underlying securitization: - - - -
11 Retail - - - -
12 Non-Retail - - - -
13 of which re-securitization: - - - -
14 Senior - - - -
15 Non-senior - - - -
Capital Charge After Cap
No Indonesia
IRB RBA
IRB SFA SA/SSFA 1250%
(including IAA)
1 Total Exposure - - - -
2 Traditional Securitization - - - -
3 of which underlying securitization: - - - -
4 Retail - - - -
5 Non-Retail - - - -
6 of which re-securitization: - - - -
7 Senior - - - -
8 Non-senior - - - -
9 Synthetic Securitization - - - -
10 of which underlying securitization: - - - -
11 Retail - - - -
12 Non-Retail - - - -
13 of which re-securitization: - - - -
14 Senior - - - -
15 Non-senior - - - -
Qualitative Analysis
As of December 31, 2025, the Bank has no securitization exposure in the Banking book.
532 2025 Annual Report
Page 102
PT Bank Tabungan Negara (Persero) Tbk
Securitization Exposure in the Banking Book and the Related Capital Requirements –
Bank Acting as Investor (SEC4)
(in IDR millions)
Exposure value (based on Risk Weight)
>20% to >50% to >100% to
No Indonesia 1250%
≤20% Risk 50% 100% <1250% IRB
Risk
Weight Risk Risk Risk RBA
Weight
Weight Weight Weight
1 Total Exposure
2 Traditional Securitization
3 of which underlying securitization:
4 Retail
5 Non-Retail
6 of which re-securitization:
7 Senior
8 Non-senior
9 Synthetic Securitization
10 of which underlying securitization:
11 Retail
12 Non-Retail
13 of which re-securitization:
14 Senior
15 Non-senior
Exposure Values
(berdasarkan regulatory approach)
No Indonesia
IRB SFA SA/SSFA 1250% IRB RBA
1 Total Exposure
2 Traditional Securitization
3 of which underlying securitization:
4 Retail
5 Non-Retail
6 of which re-securitization:
7 Senior
8 Non-senior
9 Synthetic Securitization
10 of which underlying securitization:
11 Retail
12 Non-Retail
13 of which re-securitization:
14 Senior
15 Non-senior
2025 Annual Report 533
Page 103
05 Information on Capital and Risk Exposure
ATMR
(berdasarkan regulatory approach)
No Indonesia
IRB SFA SA/SSFA 1250% IRB RBA
1 Total Exposure
2 Traditional Securitization
3 of which underlying securitization:
4 Retail
5 Non-Retail
6 of which re-securitization:
7 Senior
8 Non-senior
9 Synthetic Securitization
10 of which underlying securitization:
11 Retail
12 Non-Retail
13 of which re-securitization:
14 Senior
15 Non-senior
Capital Charge After Cap
No Indonesia
IRB SFA SA/SSFA 1250% IRB RBA
1 Total Exposure
2 Traditional Securitization
3 of which underlying securitization:
4 Retail
5 Non-Retail
6 of which re-securitization:
7 Senior
8 Non-senior
9 Synthetic Securitization
10 of which underlying securitization:
11 Retail
12 Non-Retail
13 of which re-securitization:
14 Senior
15 Non-senior
Qualitative Analysis
As of December 31, 2025, the Bank has no securitization exposure in the Banking book.
534 2025 Annual Report
Page 104
PT Bank Tabungan Negara (Persero) Tbk
Qualitative Disclosure of General Credit (CKPN) to NPL, and CKPN to LaR as indicators to
Risk assess the adequacy of provisions for loans and
financing. These ratios are monitored monthly by
Based on Article 25 section (1) b of Financial Services the Risk Management Unit. The determination of
Authority Regulation (POJK) Number 37/POJK.03/2019 RA and RT for Credit Risk takes into account the
concerning Transparency and Publication of Bank historical conditions of credit risk indicators, the
Reports, Banks must include risk exposure and capital Bank’s business strategy, and the Bank’s risk-taking
information reports in published financial reports and capacity as outlined in the Bank Business Plan
annual financial performance information. (RBB) and the Bank’s Work Plan and Budget (RKAP).
Currently, the Bank has implemented monitoring of
Credit risk is the risk of financial loss arising from debtors RA and RT using limits established annually.
and/or other parties failing to fulfill their contractual 1.2.2.In managing and controlling credit risk, the
obligations to the Bank. Credit risk includes credit Bank regularly reviews and updates the Risk
risk due to debtor default, credit risk due to Credit Management Policy Guidelines as well as the
Concentration Risk, credit risk due to counterparty Credit and Financing Policy Guidelines as part
default, credit risk due to settlement risk, and credit of the risk assessment process, through the
risk due to country risk. Overall, the implementation of following measures:
credit risk management of PT. Bank Tabungan Negara a) The Bank has established PPDigital to facilitate
(Persero) Tbk is maintained at an adequate level. all Bank employees in accessing internal
Credit risk management is supported by adequate regulations, particularly for monitoring credit
measurement of credit risk parameters so that credit risk management policies and procedures.
risk can be continuously monitored and risk mitigation b) The Bank implements the Four Eyes Principle
can be performed effectively. by separating the credit risk function from the
business unit.
Disclosure of Credit Risk Management c) The Bank has developed Business Process
Implementation Improvement (BPI) by applying the three-
pillar principle in the credit granting process
1.1. Credit Risk Management Organizational Structure through to credit document management,
1.1.1. The implementation of the Bank’s credit risk which is divided into three areas: Business,
management involves the participation of Risk, and Credit Operations, each managed
all relevant parties responsible for credit by independent working units.
risk management, including the Board of d) In order to reduce credit risk exposure, the
Commissioners, Board of Directors, Credit Bank conducts pre-screening of debtors,
Committee, Risk Management Unit, Compliance requires debtors to provide the required
Unit, and Internal Audit Unit. collateral, performs credit feasibility analysis
1.1.2. The Board of Directors provides direction to all and evaluation, and ensures that credit
employees to ensure that the achievement of agreements are legally binding.
performance targets for 2024 continues to adhere e) The Bank has implemented Commercial
to the principles of Good Corporate Governance, Banking Centers (CBC) nationwide as part
compliance with Standard Operating Procedures of its efforts to improve the commercial
(SOPs) and applicable regulatory requirements, as credit process and management, enhance
well as continuously strengthening internal control, productivity, improve the quality of
which is implemented across all working units. centralized and objective credit decisions,
and strengthen centralized monitoring.
1.2. Credit Risk Management Strategy f) The Bank actively prepares Portfolio Quality
1.2.1. The Bank has established policies for managing Review reports and forums, with the results
credit concentration risk in the form of guidelines reported to the Board of Directors, Divisions,
for determining credit risk limits, namely Risk CBC, SPU (SME Processing Center), RLPC
Appetite (RA) and Risk Tolerance (RT) for Credit (Regional Loan Processing Center), and
Risk. These include parameters such as the Top Branch Offices on a quarterly basis or
50 Core Debtors, Gross NPL (Bankwide, Consumer whenever required, as an effort to provide
Loans, SME Loans, Commercial Loans, Corporate an up-to-date overview of the position and
Loans, and Sharia Financing), Net NPL, Special quality of the loan portfolio, both bank-wide
Mention Loan Ratio (Collectibility 2) (Bankwide, and by credit segment.
Consumer Loans, SME Loans, Commercial Loans, g) The Bank has implemented Portfolio
Corporate Loans, and Sharia Financing), Loan Guidelines for Wholesale Credit. For 2025, it
at Risk (LaR), Allowance for Impairment Losses started to cover the SME and Commercial
2025 Annual Report 535
Page 105
05 Information on Capital and Risk Exposure
Sharia Financing segments as a control for with the applicable PSAK standards used in the
credit concentration risk while prioritizing the calculation of the Allowance for Impairment Losses
principles of prudence and governance. (CKPN).
h) The Bank is also implementing the SPU
as an effort to improve the process and 1.4. Statistical Methods in the Calculation of CKPN
management of MSME credit to increase The Bank has established a PSAK engine and has
productivity, improve the quality of centralized implemented the applicable PSAK standards.
and objective credit decisions, and centralize Continuous improvements and updates are still being
monitoring. carried out to ensure that the PSAK engine operates
i) To anticipate adverse impacts, the Bank has optimally, enabling the Bank to calculate the Allowance
projected losses and bad debts through for Impairment Losses (CKPN) accurately.
stress testing, both for internal needs and
for the purpose of testing the adequacy of Qualitative Disclosure of Credit Risk under
the trigger level of recovery options in the the Standardized Approach
recovery plan document, particularly those
related to asset quality aspects. 1.1. Rating Use Policy in Calculating Risk-Based Assets
1.2.3. The Bank has several applications that support (RWA) for Credit Risk
the adequacy of the Credit Risk Management The Bank uses the latest credit risk ratings
Information System, including: from regulatory-recognized rating agencies to
a) A Loan Origination System (LOS) application determine risk weights in calculating RWA. If there
for the consumer credit (iLoan) process, is more than one rating, the Bank assigns risk
equipped with a Credit Scoring Model (CSM) weights conservatively as stipulated in applicable
and subject to regular CSM reviews. For the regulatory provisions, with adjustments based on
commercial credit (iLoan) process, equipped currency, exposure type, and the availability of
with iCremo for credit monitoring. short-term/long-term ratings.
b) A Decision Engine application to digitize the 1.2. Portfolio Categories Using Ratings
consumer credit analysis and decision- The Bank applies ratings to determine risk
making process, resulting in more accurate weights for RWA for certain portfolio categories
credit analysis and decisions and a faster in accordance with regulatory requirements.
credit process. Counterparty/instrument credit ratings are used
c) A web-based consumer credit restructuring to more objectively reflect risk profiles, with higher
application (iLoan application) to simplify ratings assigned lower risk weights and lower
the restructuring process and provide ratings assigned higher risk weights.
information/data, particularly for credit risk 1.3. Rating Agencies Used
reporting. The Bank uses regulatory-recognized rating
d) The iColl application, mobile apps, iLoan agencies to obtain independent credit risk
Restruk, and the rumahmurahbtn.co.id portal assessments as a basis for portfolio management,
to support the collection, restructuring, and risk mitigation, and compliance with applicable
loan settlement processes. regulatory requirements.
1.2.4.The Bank maintains an adequate quantity
and quality of human resources to support the Disclosure on Credit Risk Mitigation Using
effectiveness of the Credit Risk Management the Standardized Approach
process.
1.2.5.The Bank has established an effective internal 1.1. Bank Policy for Primary Types of Collateral Accepted
control system, which is subject to periodic The Bank establishes a policy for the primary types
review by independent parties within the Bank, of collateral accepted to mitigate credit risk, with
including the Risk Management Unit (SKMR) and strict requirements, particularly for property-backed
the Internal Audit Unit (SKAI). loans. For residential property collateral (houses/
apartments, excluding shophouses/office-houses),
1.3. Definition of Past Due and Impaired Claims. the Bank sets a maximum LTV of 80% and requires
The Bank defines past due claims as loans that the property to be completed, legally valid, with
cannot be repaid within the agreed timeframe. clear ownership, appraised by a competent party,
Meanwhile, impaired claims are claims that are supported by complete documentation and the
expected not to be fully recoverable, in accordance debtor’s ability to repay. Meanwhile, for commercial
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property collateral (including shophouses/office- 1.3. Key Parties Providing Collateral or Guarantee
houses and other commercial properties), the The Bank identifies the key parties providing
Bank applies a maximum LTV of 60% with similar collateral or guarantees for the credit, whether
requirements, accompanied by an assessment of from the debtor or third parties, who play a role in
the collateral’s feasibility and commercial prospects. mitigating credit risk and ensuring repayment of the
1.2. Procedures for Assessing and Managing Collateral credit. The Bank ensures that the providers of these
The Bank implements comprehensive collateral collateral or guarantees meet strict criteria, including
assessment and management procedures prior financial capacity, legality, and other provisions that
to credit decisions and conducts periodic reviews ensure the collateral or guarantee can be fulfilled
to ensure that collateral/guarantees/guarantees/ if the debtor fails to fulfill its obligations. The Bank
credit insurance meet legal and regulatory recognizes credit guarantees or insurance as Credit
requirements. These instruments are recognized as Risk Mitigation (CMR) techniques in calculating
Credit Risk Mitigation (CMR) techniques in calculating Credit Risk RWA using the Standard Approach, with
RWA using the Standard Approach as long as they certain conditions.
result in a lower RWA than without the CMR, are 1.4. Concentration Levels Resulting from the Use of
not double-counted, and the binding period is at Credit Risk Mitigation Techniques
least equal to the remaining exposure tenor (with The Bank continuously monitors and manages
a minimum RWA of 0). The CMR documentation the concentration levels resulting from the use of
must contain reasonable execution/disbursement credit risk mitigation techniques, such as collateral
provisions; for guarantees, the agreement must be or guarantees, to ensure that there is no excessive
irrevocable and disbursement must be made no concentration of risk in certain sectors or debtors
later than 90 days from the exposure’s maturity. that could disrupt the stability of the Bank’s credit
portfolio.
Market Risk
Market Risk Disclosure Using the Standardized Approach
(in IDR Millions)
December 31, 2025 December 31, 2024
Details of Parameters
Individual Consolidation Individual Consolidation
a. Capital charge based on sensitivity based
392,038 392,038 487,712 487,712
method
1) GIRR risk class 198,033 198,033 235,887 235,887
2) CSR risk class (non-securitization) 107,541 107,541 228,293 228,293
3) CSR risk class (securitization: non-CTP) - - - -
4) CSR risk class (securitization: CTP) - - - -
5) Equity risk class - - - -
6) Commodity risk class - - - -
7) Exchange rate risk class 86,463 86,463 23,531 23,531
b. Default risk capital (DRC) expenses 18 18 6 6
c. Additional residual risk (RRAO) - - - -
Market Risk Capital Expense 392,055 392,055 487,717 487,717
Additional Pillar 1 RWA - - - -
Credit Valuation Adjustment (CVA) - - - -
Total RWA for Market Risk 4,900,688 4,900,688 6,101,634 6,101,634
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05 Information on Capital and Risk Exposure
General Qualitative Disclosure
Market Risk Disclosure Using the Standardized Approach
Market risk is the risk of loss arising from movements in market values originating from trading book instruments, including default
risk, interest rate risk, credit spread risk, equity risk, and foreign exchange risk, as well as losses arising from banking book instruments,
including foreign exchange risk and commodity risk. In managing market risk, the Bank implements Market Risk Management with
objectives that include supporting business activities while maintaining risk levels in line with the risk appetite and risk tolerance
determined by the Bank, fostering a risk-aware culture across all levels of the organization, maintaining minimum capital adequacy,
and ensuring compliance with applicable regulations. The Bank conducts trading activities with the objective of generating short-term
profits from price and yield differences of financial instruments. In controlling market risk, the Bank applies the three lines of defense
framework to ensure segregation of duties, thereby preventing conflicts of interest and supporting activities at each stage of the Market
Risk Management process. The Bank also has policies governing trading activities at both the general and detailed levels, including
hedging activities and Market Risk Management policies.
The Bank defines the trading book as positions of financial instruments recorded in the balance sheet and off-balance sheet accounts,
including derivative transactions, which are held for trading purposes and can be freely transferred or fully hedged, whether for the
Bank’s own account, at the request of customers, or in the context of intermediation and market-making activities. The Bank defines
the banking book as positions of financial instruments recorded in the balance sheet and off-balance sheet accounts, including
derivative transactions, which are not held for trading purposes and/or are subject to legal restrictions that prevent the sale or full
hedging of the positions. The Bank has securitization exposures categorized under the trading book as they affect the profit and loss
statement. However, their characteristics do not reflect trading activities, as they are not actively traded. Therefore, the Bank calculates
the capital charge for these exposures under the banking book portfolio. The Bank is not permitted to transfer securities positions from
one portfolio to another, namely from the trading book to the banking book, or vice versa, except under certain conditions where such
transfers are allowed, provided that they comply with the applicable regulatory provisions and requirements. The specific conditions
referred to are extraordinary circumstances involving significant actions that are publicly announced.
The structure and organization of the Market Risk Management function consist of the Board of Directors, Risk Taking Units
(Treasury Unit, Retail Funding Unit, Medium Institutional Funding Unit, Large Institutional Funding Unit, Priority Customer
Funding Unit, Subsidized Consumer Unit, Non-Subsidized Consumer Credit Unit, Personal Credit Unit, SME Credit Unit,
Corporate Credit Unit, Commercial Credit Unit, Wholesale Transaction Unit, Financial Institutions and Capital Market
Unit, Sales Strategy and Distribution Unit, Digital Banking Development Unit, and Digital Banking Marketing Unit), the Risk
Management and ESG Unit, Compliance Unit, Internal Audit Unit, Accounting and Tax Unit, Central Operations Unit, and Digital
Operations Unit. In implementing strategies and carrying out the Market Risk Management process, the Board of Directors
ensures the establishment of an organizational structure, tools, and supporting units/functions related to the implementation
of independent Market Risk Management and actively participates in the Risk Management Committee and the Asset and
Liability Committee (ALCO). The Risk-Taking Units, which act as the first line of defense, carry out business activities while
considering the Market Risk limits that have been established. The Risk Management and ESG Unit, acting as the second line
of defense, is responsible for implementing risk management functions, including developing the Market Risk Management
framework, conducting risk assessments for proposed activities and/or new products, measuring and monitoring Market Risk
exposures and limits, and conducting stress testing of macroeconomic changes on both trading book and banking book
portfolios. The Compliance Unit and Internal Audit Unit, as the third lines of defense, play roles in ensuring compliance with
regulations and conducting reviews of internal control over the implementation of Market Risk Management. In addition,
other working units support the implementation of the Market Risk Management strategy and processes to ensure effective
operation. In calculating Risk-Weighted Assets (RWA) for Market Risk, the Bank performs the calculation and reporting of
Market Risk RWA on an individual basis.
Qualitative Information Disclosure Related to CVA (CVAA)
A. PROCESSES IMPLEMENTED BY THE BANK TO IDENTIFY, MEASURE, MONITOR, AND CONTROL CVA RISK
Credit Valuation Adjustment (CVA) risk is the risk of loss arising from changes in the CVA value as a result of changes in the
counterparty’s credit spread and market risk factors that affect the pricing of derivative transactions and Securities Financing
Transactions (SFT). CVA reflects the adjustment to the default risk-free price of derivative instruments and SFT due to the potential
counterparty default risk.
As part of its risk management strategy, the Bank periodically performs CVA risk calculations on a monthly basis. The results of
these calculations form part of the Market Risk Risk-Weighted Assets (RWA) calculation.
B. METHOD USED TO DETERMINE THE CVA AMOUNT
The Bank calculates the CVA capital charge using the Simplified Basic CVA Approach, in accordance with SEOJK No. 23/
SEOJK.03/2022 dated 7 December 2022 concerning the Calculation of Risk-Weighted Assets for Market Risk for Commercial
Banks.
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Disclosure of Qualitative Information on Market Risk in General
Market Risk Management Implementation 1.3. Technical Instructions for Treasury Transactions
Information in accordance with PSAK 71
3. Special Policies for Money Market Transaction
Market risk is the risk to balance sheet and off-balance Procedures
sheet positions, including derivative transactions, resulting 1.1. Technical Instructions for the Workflow of Bank
from changes in overall market conditions, including the risk Indonesia Financial Instrument Transactions
of changes in option prices. The types of market risk are: 1.2. Technical Instructions for the Workflow of
a. Interest Rate Risk, Interbank Call Money Transactions
b. Foreign Exchange Risk, 1.3. Technical Instructions for the Workflow of
c. Equity Risk, and Deposit-On-Call Interest Rates
d. Commodity Risk 1.4. Technical Instructions for the Workflow of JIBOR
Quotations
Equity risk and commodity risk do not directly affect the 1.5. Technical Instructions for the Workflow of
Bank’s market risk level individually or consolidated. Repurchase Agreement Transactions
The Bank manages market risk using several indicators, As part of market risk management, the market risk
including Risk-Weighted Assets (RWA), Value at Risk management unit regularly measures and monitors the
(VaR), Unrealized Securities Loss AFS (UL AFS), Net Open risks of the Trading Book and Banking Book portfolios,
Position (NOP), Repricing Gap, EVE Sensitivity, and NII referring to the Bank’s internal regulations and limits, as
Sensitivity. This management refers to applicable well as regulatory requirements. To measure market risk,
regulations and internal provisions, including policies, the Bank evaluates the Trading Book and Banking Book
standard procedures, and technical guidelines. portfolios using the mark-to-market and mark-to-model
methods. Mark-to-market is used when an instrument’s
The Bank’s market risk management is carried out by valuation value/price is readily available in the market,
the Risk Management and ESG Work Unit. The duties while mark-to-model is used when such a value/price is
and responsibilities of the Risk Management and ESG unavailable.
Work Unit include managing the Bank’s market risk
by applying market risk management principles and One step in the market risk management process is
developing alternative allocation and hedging strategies measuring market risk exposure. This is done by the Bank
for the Bank’s assets to generate interest income and for the purpose of periodically monitoring the Trading Book
fee-based income efficiently with controlled risk. This and Banking Book portfolios using internally determined
includes managing the information system for market market risk limits. The risk limits in question are as follows:
risk management. 1. Trading Book Market Risk Limits
a. Loss Limit to limit the maximum allowable
The market risk management process is carried out on accumulated losses (realized and unrealized),
the Bank’s Trading Book and Banking Book portfolios, both realized and potential.
with the management of the Bank’s Trading Book and b. Cut Loss Limit to limit the maximum price
Banking Book referring to the following Special Policies decrease for each open securities transaction
and Technical Guidelines: held by the dealer (unrealized loss).
1. Special Policy on Treasury Transaction Guidelines c. Holding Period Limit to limit the maximum holding
1.1. Technical Instructions for Determining Treasury period for securities included in the Trading Book.
Limits d. Net Open Position to limit the number of open
1.2. Technical Instructions for Assessing Treasury positions allowed within a certain time period.
Portfolio Quality e. DV01 to measure the potential profit/loss on the
1.3. Technical Instructions for Reporting Treasury bank’s portfolio assuming a 1 bps increase in
Transactions and Certification market interest rates.
1.4. Technical Instructions for Dealing Room 2. Banking Book Market Risk Limits
Operations a. Unrealized Loss on AFS Securities to measure the
2. Special Policy for Fixed Income Transaction potential loss on AFS portfolio securities.
Procedures b. Repricing Gap to measure the gap between the
1.1. Technical Instructions for Investment in Mutual Bank’s assets and liabilities, which are sensitive to
Funds changes in interest rates, and the current year’s
1.2. Technical Instructions for the Workflow of asset earnings target.
Securities Purchase and Sale Transactions
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05 Information on Capital and Risk Exposure
c. EVE Sensitivity measures the extent of interest Any instrument not held for trading purposes as
rate risk exposure in the banking book portfolio to described above at the time of the initial transaction
changes in the economic value of capital due to must be categorized in the Banking Book. The following
changes in interest rates. instruments are included in the Banking Book:
d. NII Sensitivity measures the magnitude of interest 1. Unlisted equities;
income fluctuations due to changes in interest 2. Instruments designated for securitized warehousing;
rates (rate shock). 3. Direct real estate ownership and derivatives based
e. Unrealized Loss of FVOCI Securities to Capital on such direct ownership;
measures the potential loss on FVOCI securities 4. Retail loans and micro, small, and medium enterprise
held by the Bank against capital. (MSME) loans, including commitments for retail
f. PDN measures the exchange rate risk of the loans and MSME loans;
Bank’s foreign currency portfolio, denominated in 5. Hedge funds;
Rupiah, against capital. 6. Derivative instruments and funds that have the
above types of instruments as underlying assets; or
The method used to calculate BTN’s capital adequacy 7. Instruments held for the purpose of hedging certain
for market risk is the Standardized Approach Method risks in positions in the above types of instruments.
which refers to SEOJK No. 23 / SEOJK.03 / 2022.
Regulatory Book Grouping related to
Trading Book and Banking Book Portfolios Financial Instruments
Calculated in the Minimum Capital
Adequacy Requirement (KPMM) The policies used to group financial instruments into the
Trading Book and Banking Book are implemented and
Any instrument held by the Bank for one or more of the thoroughly understood by relevant work units through
following purposes is designated as a Trading Book internal standard procedures. These internal policies
instrument when first entered into the account: and procedures are used, among other things, for
1. short-term buying and selling; calculating capital charges, ensuring compliance with
2. profiting from short-term price movements; regulatory criteria issued by regulators, and taking into
3. locking in arbitrage profits; and/or account risk management capabilities and practices,
4. hedging risks arising from instruments that meet particularly regarding Market Risk.
criteria 1), 2), or 3) above, unless there are legal
obstacles to selling/hedging or the instruments are The designation of a market instrument as a trading
categorized as Banking Book. component for which capital charges are calculated
always refers to the Regulatory Book grouping policy,
The instruments below are assumed to be held for which does not deviate from the criteria established
trading purposes and can therefore be categorized by the Regulator. Banks include financial instruments,
as Trading Book instruments, unless there are legal exchange rate instruments, or commodities in the
obstacles to selling/hedging or are included in Banking Trading Book if there are no legal obstacles to selling
Book instruments as referred to in the Banking Book or hedging the instrument in its entirety. Banks also
Scope: calculate the fair value of Trading Book instruments
1. Instruments held as assets or liabilities that are daily and record any value changes in the profit and loss
treated as trading under accounting standards. account using an integrated treasury system.
2. Instruments derived from market-making activities.
3. Equity investments in funds. The treasury system minimizes risks related to operational
4. Equity listed on an exchange. activities related to capital charge calculations that
5. Repo transactions related to trading. may arise from placing instruments in the Trading Book
6. Options, including embedded derivatives, on or Banking Book that conflict with general assumptions,
instruments issued from the Banking Book and market conditions, and other factors. This infrastructure
related to Credit Risk or Equity Risk. also plays a role in monitoring the movement of financial
instruments between Regulatory Books. In addition
Banks may only include financial instruments, exchange to being supported by a treasury system, the Bank
rate instruments, or commodities in the Trading Book also has a treasury organizational structure that is still
if there are no legal barriers to selling or hedging the relevant to the definition of a trading desk, facilitating
instrument in its entirety. Hedging is the process of the management of financial instruments based on the
mitigating risk (counterbalancing) from exposure to functions, duties, and responsibilities of each desk.
long and short risk positions in correlated instruments.
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As of the reporting period, there was no licensing Structure and Organization of Market Risk
process for the transfer of financial instruments between Management Function
the Trading Book and Banking Book due to the lack of
necessary conditions as required by the Regulator. 1. To implement comprehensive and effective
Consolidated/Integrated Risk Management, BTN
Market Risk Anticipation Plan for Foreign has an Integrated Governance Committee (KTKT),
Exchange Transactions which provides active oversight by the Board
of Commissioners over the implementation of
Exchange rate controls aim to optimize foreign exchange integrated Risk Management.
exposure, or Net Open Position (NOP), in the Trading Book 2. BTN has a Risk Management Committee (KOMAR),
and Banking Book portfolios. Hedging is one method which monitors the Risk Profile and management
of managing exchange rate risk and is implemented of all risks, in order to determine risk appetite, risk
selectively. Hedging can be applied to part or all of a limits, risk management strategies, stress testing,
bank’s foreign exchange exposure: and capital adequacy. Furthermore, to implement
1. To protect the Bank’s interests against the risk of risk management in its subsidiaries, BTN also has an
changing market conditions. Integrated Risk Management Committee (KOMAR
2. To achieve an ideal economic PDN profile while still Terpadu), whose duties and responsibilities include
considering optimal cost factors. assisting the Board of Directors in implementing
3. To prevent a decline in revenue. comprehensive and effective Integrated Risk
4. To limit or reduce the exchange rate risk of underlying Management, including the development and
foreign currency positions. improvement of Integrated Risk Management
policies.
In order to implement the exchange rate risk control 3. BTN also has a Risk Management & ESG Working
strategy, the Treasury Work Unit is authorized to carry Unit, tasked with assisting in the active oversight of
out activities in the market to avoid, reduce, and transfer the implementation of Risk Management by the BTN
exchange rate risks either by managing portfolios Board of Directors on a regular basis. In carrying out
according to limits or hedging with conventional and its duties, the Risk Management & ESG Working Unit
derivative instruments. coordinates with the working units that carry out Risk
Management functions in each subsidiary.
Interest Rate in the Banking Book (IRRBB)
Risk Management Implementation Report for IRRBB – Bank on an Individual Basis
Qualitative Analysis
1. Explanation of how the Bank defines IRRBB for risk measurement and control.
IRRBB (Interest Rate Risk in the Banking Book) is the risk arising from movements in market interest rates that are contrary to
the Bank’s Banking Book positions, which may potentially affect the Bank’s capital (equity) and earnings (profitability), both
in the present and in the future. IRRBB measurement is conducted by determining the gap between interest rate-sensitive
assets, interest rate-sensitive liabilities, and interest rate-sensitive contingent commitments across repricing maturity
buckets, which are then simulated under changes in the Bank’s interest rates. Interest rate risk control is carried out by
minimizing repricing maturity gaps within each time bucket between interest rate-sensitive assets, interest rate-sensitive
liabilities, and interest rate-sensitive contingent commitments through Asset and Liability Management (ALM) strategies.
2. Explanation of Risk Management and Risk Mitigation Strategies for IRRBB
The risk management strategy applied for IRRBB is to minimize repricing maturity gaps across each bucket between the
Bank’s interest rate-sensitive assets, interest rate-sensitive liabilities, and interest rate-sensitive contingent commitments.
Risk mitigation measures implemented by the Bank to minimize interest rate risk include increasing transaction-based
third-party funds (DPK) and raising wholesale funding through the issuance of Negotiable Certificates of Deposit (NCDs),
senior bonds, or subordinated bonds.
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05 Information on Capital and Risk Exposure
Qualitative Analysis
3. Frequency of the Bank’s IRRBB calculation and explanation of the specific measurement used by the Bank to measure
sensitivity to IRRBB
IRRBB calculations are conducted on a monthly basis to provide management with information for determining adjustments
to loan and funding interest rates. The Bank measures IRRBB sensitivity using two methods namely Economic Value of Equity
(EVE) – measured as ΔEVE relative to Tier 1 capital and Net Interest Income (NII) – measured as ΔNII relative to the current
year’s NII target.
4. Explanation of Interest Rate Shock and Stress Scenarios Used by the Bank in IRRBB Calculation Using the EVE and NII Methods.
The interest rate shock scenarios applied involve changes in interest rates ranging from 350, 400, and 500 basis points. The
Bank applies six types of interest rate shock scenarios in its IRRBB calculations:
Estimated Change
Skenario Description
Economics Value Earnings
Parallel Up Parallel upward interest rate shock v v
Parallel Down Parallel downward interest rate shock v v
Steepener Steepener interest rate shock (short rates down and v
long rates up)
Flatterner Flattener interest rate shock (short rates up and long v
rates down)
Short Up Short-term interest rate up shock v
Short Down Short-term interest rate down shock v
5. If there are significant modeling assumptions used in the Bank’s Internal Measurement System (IMS)—for example, EVE
measurement results used for purposes other than disclosure, such as internal capital adequacy assessment—that differ
from the modeling assumptions used in the IRRBB calculation report under the standardized approach, the Bank must
provide an explanation of these assumptions, including their impact and the rationale for their use (e.g., based on historical
data, management judgment, and management analysis).
The baseline parameter calculation for deposits with early redemption options and fixed-rate loan products with
prepayment options does not use a specific model. Instead, the Bank applies a monthly historical data approach, which
is updated every month by the Risk Management & ESG Unit, while also taking into account system developments that are
currently being prepared.
6. Explanation of the Bank’s Hedging of IRRBB (if any) and the Related Accounting Treatment.
The Bank performs hedging activities for IRRBB on the Junior Global Bond issued by using a cross currency swap. Through
this hedging instrument, the risks arising from changes in interest rates and exchange rates affecting net interest income
and the economic value of equity can be minimized.
7. Comprehensive Explanation of Key Modeling and Parametric Assumptions Used in Calculating ΔEVE and ΔNII.
a. Commercial margins and other spread components are incorporated into the cash flows and the discount rate used
in the EVE calculation method.
b. Repricing maturity for Non-Maturity Deposits (NMD) is classified into two categories: behavioral and
contractual. Behavioral NMD is allocated to buckets based on the core and non-core calculation and the pass-
through rate derived from the Bank’s historical data. While Contractual NMD is placed in buckets according to their
contractual maturity dates.
c. The methodology for prepayment rates and early withdrawal applies a monthly historical data approach, which is
updated every month by the Risk Management & ESG Unit, while considering system development that is currently
being prepared.
d. Subsidized mortgage instruments under the FLPP (Housing Financing Liquidity Facility) program, which is a
government program, are assumed to be non–interest rate sensitive assets, since the funding source for the loan
disbursement comes from government fund placements until the loan maturity. Meanwhile, SSA (Installment Subsidy
Difference) and SSB (Interest Subsidy Difference) mortgage instruments are placed in the 1-year bucket, considering
that the repricing maturity of the loan is determined by the government using the reference of government securities
with a 1-year tenor.
e. The Bank’s foreign currency exposure exceeds 5% of the Bank’s total liabilities.
8. Other information that needs to be disclosed by the Bank relates to the Bank’s interpretation of the significance and
sensitivity of the IRRBB measurement results that have been reported, and/or an explanation of any significant variations in
the reported IRRBB level compared to previous disclosures (if any).
The significance and sensitivity of the Bank’s IRRBB measurement results for the reporting period are classified as Rank 1
(Low), as they remain below the Bank’s internal limits and the 13% threshold set by the Financial Services Authority (OJK).
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Quantitative Analysis
1. Average Repricing Maturity Applied to Non-Maturity Deposits (NMD).
The repricing maturity for NMD is classified into two categories: behavioral and contractual. Behavioral NMD is calculated
based on the core and non-core portions as well as the pass-through rate, derived from the Bank’s historical data.
Contractual NMD is placed into the appropriate bucket according to its maturity date.
2. Longest Repricing Maturity Applied to NMD.
The longest repricing maturity applied to NMD falls within the 4–5 year bucket, specifically in the non-transactional savings
segment for contractual savings products (i.e., products with a defined repricing maturity tenor).
Risk Management Implementation Report for IRRBB – Bank Consolidated with Subsidiary Entity
Qualitative Analysis
1. Explanation of how the Bank defines IRRBB for risk measurement and control.
IRRBB (Interest Rate Risk in the Banking Book) is the risk arising from movements in market interest rates that are contrary to
the Bank’s Banking Book positions, which may potentially affect the Bank’s capital (equity) and earnings (profitability), both
in the present and in the future. IRRBB measurement is conducted by determining the gap between interest rate-sensitive
assets, interest rate-sensitive liabilities, and interest rate-sensitive contingent commitments across repricing maturity
buckets, which are then simulated under changes in the Bank’s interest rates. Interest rate risk control is carried out by
minimizing repricing maturity gaps within each time bucket between interest rate-sensitive assets, interest rate-sensitive
liabilities, and interest rate-sensitive contingent commitments through Asset and Liability Management (ALM) strategies.
2. Explanation of Risk Management and Risk Mitigation Strategies for IRRBB
The risk management strategy applied for IRRBB is to minimize repricing maturity gaps across each bucket between the
Bank’s interest rate-sensitive assets, interest rate-sensitive liabilities, and interest rate-sensitive contingent commitments.
Risk mitigation measures implemented by the Bank to minimize interest rate risk include increasing transaction-based
third-party funds (DPK) and raising wholesale funding through the issuance of Negotiable Certificates of Deposit (NCDs),
senior bonds, or subordinated bonds.
3. Frequency of the Bank’s IRRBB calculation and explanation of the specific measurement used by the Bank to measure
sensitivity to IRRBB
IRRBB calculations are conducted on a monthly basis to provide management with information for determining adjustments
to loan and funding interest rates. The Bank measures IRRBB sensitivity using two methods namely Economic Value of Equity
(EVE) – measured as ΔEVE relative to Tier 1 capital and Net Interest Income (NII) – measured as ΔNII relative to the current
year’s NII target.
4. Explanation of Interest Rate Shock and Stress Scenarios Used by the Bank in IRRBB Calculation Using the EVE and NII Methods.
The interest rate shock scenarios applied involve changes in interest rates ranging from 350, 400, and 500 basis points. The
Bank applies six types of interest rate shock scenarios in its IRRBB calculations:
Estimated Change
Skenario Description
Economics Value Earnings
Parallel Up Parallel upward interest rate shock v v
Parallel Down Parallel downward interest rate shock v v
Steepener Steepener interest rate shock (short rates down and v
long rates up)
Flatterner Flattener interest rate shock (short rates up and long v
rates down)
Short Up Short-term interest rate up shock v
Short Down Short-term interest rate down shock v
5. If there are significant modeling assumptions used in the Bank’s Internal Measurement System (IMS)—for example, EVE
measurement results used for purposes other than disclosure, such as internal capital adequacy assessment—that differ
from the modeling assumptions used in the IRRBB calculation report under the standardized approach, the Bank must
provide an explanation of these assumptions, including their impact and the rationale for their use (e.g., based on historical
data, management judgment, and management analysis).
The baseline parameter calculation for deposits with early redemption options and fixed-rate loan products with
prepayment options does not use a specific model. Instead, the Bank applies a monthly historical data approach, which
is updated every month by the Risk Management & ESG Unit, while also taking into account system developments that are
currently being prepared.
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05 Information on Capital and Risk Exposure
Qualitative Analysis
6. Explanation of the Bank’s Hedging of IRRBB (if any) and the Related Accounting Treatment.
The Bank performs hedging activities for IRRBB on the Junior Global Bond issued by using a cross currency swap. Through
this hedging instrument, the risks arising from changes in interest rates and exchange rates affecting net interest income
and the economic value of equity can be minimized.
7. Comprehensive Explanation of Key Modeling and Parametric Assumptions Used in Calculating ΔEVE and ΔNII.
a. Commercial margins and other spread components are incorporated into the cash flows and the discount rate used
in the EVE calculation method.
b. Repricing maturity for Non-Maturity Deposits (NMD) is classified into two categories: behavioral and
contractual. Behavioral NMD is allocated to buckets based on the core and non-core calculation and the pass-
through rate derived from the Bank’s historical data. While Contractual NMD is placed in buckets according to their
contractual maturity dates.
c. The methodology for prepayment rates and early withdrawal applies a monthly historical data approach, which is
updated every month by the Risk Management & ESG Unit, while considering system development that is currently
being prepared.
d. Subsidized mortgage instruments under the FLPP (Housing Financing Liquidity Facility) program, which is a
government program, are assumed to be non–interest rate sensitive assets, since the funding source for the loan
disbursement comes from government fund placements until the loan maturity. Meanwhile, SSA (Installment Subsidy
Difference) and SSB (Interest Subsidy Difference) mortgage instruments are placed in the 1-year bucket, considering
that the repricing maturity of the loan is determined by the government using the reference of government securities
with a 1-year tenor.
e. The Bank’s foreign currency exposure exceeds 5% of the Bank’s total liabilities.
8. Other information that needs to be disclosed by the Bank relates to the Bank’s interpretation of the significance and
sensitivity of the IRRBB measurement results that have been reported, and/or an explanation of any significant variations in
the reported IRRBB level compared to previous disclosures (if any).
The significance and sensitivity of the Bank’s IRRBB measurement results for the reporting period are classified as Rank 1
(Low), as they remain below the Bank’s internal limits and the 13% threshold set by the Financial Services Authority (OJK).
Quantitative Analysis
1. Average Repricing Maturity Applied to Non-Maturity Deposits (NMD).
The repricing maturity for NMD is classified into two categories: behavioral and contractual. Behavioral NMD is calculated
based on the core and non-core portions as well as the pass-through rate, derived from the Bank’s historical data.
Contractual NMD is placed into the appropriate bucket according to its maturity date.
2. Longest Repricing Maturity Applied to NMD.
The longest repricing maturity applied to NMD falls within the 4–5 year bucket, specifically in the non-transactional savings
segment for contractual savings products (i.e., products with a defined repricing maturity tenor).
IRRBB Calculation Report
Interest Rate in The Banking Book (IRRBB) is part of interest rate risk which focuses on the impact of changes in the
economic value of the banking book position that has the potential to impact the Company’s capital and profitability.
In measuring and calculating IRRBB, the Company applies 6 (six) types of interest rate shock scenarios for the DEVE
calculation, namely Parallel Up, Parallel Down, Steepener, Flattener, Short Rates Up, and Short Rates Down. Meanwhile,
for the calculation of DNII, two shock scenarios are used, namely Parallel Up and Parallel Down. The Company measures
changes in NII (DNII) as the maximum decrease in NII when an interest rate increase or decrease scenario occurs. The
following are the results of the Company’s interest rate risk management monitoring.
Bank on an Individual Basis
(in IDR millions)
31-Dec-25 31-Dec-24
Type of Interest Rate
No ΔEVE ΔNII ΔEVE ΔNII
ShockScenario
T T-1 T T-1 T T-1 T T-1
1 Parallel up (2,475,824) (2,442,981) (785,530) (1,910,778) (2,887,356) (1,178,301) (2,763,907) (2,358,529)
2 Parallel down 3,592,781 3,537,112 540,439 1,648,169 3,899,531 1,895,623 2,447,081 2,067,164
3 Steepener (1,673,575) (1,834,391) (1,013,969) (579,649)
544 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
31-Dec-25 31-Dec-24
Type of Interest Rate
No ΔEVE ΔNII ΔEVE ΔNII
ShockScenario
T T-1 T T-1 T T-1 T T-1
4 Flattener 1,202,552 1,345,944 517,508 532,558
5 Short rate up (442,460) (304,941) (1,209,839) (416,080)
6 Short rate down 160,015 19,199 861,744 29,562
Negative Maximum Value
7 2,475,824 2,442,981 785,530 1,910,778 2,887,356 1,178,301 2,763,907 2,358,529
(absolute)
Tier 1 Capital (for ΔEVE) or
8 28,768,953 30,634,918 17,533,525 17,533,525 29,229,783 28,902,255 16,216,707 16,216,707
Projected Income (for ΔNII)
Maximum Value divided by Tier 1
Capital (for ∆EVE) or Projected Income 8.61% 7.97% 4.48% 10.90% 9.88% 4.08% 17.04% 14.54%
(for ∆NII)
T (December); T-1 (September)
Based on the Company’s current portfolio, if there is a change in interest rates according to the parallel shock up
scenario of ± 400 bps, the change will impact in the Company’s interest income and interest expenses by 4.48% against
the Company’s NII target. The maximum potential loss of economic value of equity experienced by the Company
if there is a change in short-term interest rates decreasing and long-term interest rates increasing according to
the parallel up scenario, the maximum potential loss to Core Capital Equity (Tier 1) that will be experienced by the
Company is IDR 2.47 Trillion and when compared to the total Core Capital (Tier 1) of 8.61% so that it is still below the OJK
limit of 15% of core capital (Tier 1).
Bank Consolidated
(in IDR millions)
31-Dec-25 31-Dec-24
Type of Interest Rate
No ΔEVE ΔNII ΔEVE ΔNII
ShockScenario
T T-1 T T-1 T T-1 T T-1
1 Parallel up (2.475.824) (2.442.981) (2.887.356) (1.178.301) (785.530) (1.910.778) (2.763.907) (2.358.529)
2 Parallel down 3.592.781 3.537.112 3.899.531 1.895.623 540.439 1.648.169 2.447.081 2.067.164
3 Steepener (1.673.575) (1.834.391) (1.013.969) (579.649) - - - -
4 Flattener 1.202.552 1.345.944 517.508 532.558 - - - -
5 Short rate up (442.460) (304.941) (1.209.839) (416.080) - - - -
6 Short rate down 160.015 19.199 861.744 29.562 - - - -
Negative Maximum Value
7 2.475.824 2.442.981 2.887.356 1.178.301 785.530 1.910.778 2.763.907 2.358.529
(absolute)
Tier 1 Capital (for ΔEVE) or
8 35.289.292 31.742.919 29.229.783 28.902.255 17.533.525 17.533.525 16.216.707 16.216.707
Projected Income (for ΔNII)
Maximum Value divided by Tier 1
Capital (for ∆EVE) or Projected Income 7,02% 7,70% 9,88% 4,08% 4,48% 10,90% 17,04% 14,54%
(for ∆NII)
T (Desember); T-1 (December)
Based on the Company’s current portfolio, a change in interest rates according to a parallel shock up scenario of ±400
basis points would impact the Company’s interest income and interest expense by 4.48% relative to the Company’s
targeted Net Interest Income (NII). The potential maximum economic loss to equity in the event of a short-term interest
rate decrease and long-term interest rate increase, according to the parallel up scenario, is estimated at IDR 2.47
trillion. When compared to the total Core Capital (Tier 1), this represents 7.02%, which remains below the OJK regulatory
limit of 15% of Core Capital (Tier 1).
2025 Annual Report 545
Page 115
05 Information on Capital and Risk Exposure
Liquidity Risk
Liquidity Coverage Ratio (LCR) Calculation Report
INDIVIDUAL
Q IV / 2025 Q III / 2025
Value of HQLA after Value of HQLA after
Deductions (Haircut), Deductions (Haircut),
Outstanding Outstanding
No Components Outstanding Value Liabilities and Outstanding Value Liabilities and
of Liabilities and Commitments of Liabilities and Commitments
Commitments Multiplied by Commitments Multiplied by
/ Contractual the Run-off Rate / Contractual the Run-off Rate
Receivables or Contractual Receivables or Contractual
Receivables Receivables
Multiplied by the Multiplied by the
Inflow Rate Inflow Rate
Number of data points
1 92 Days 92 Days
used in LCR calculation
HIGH-QUALITY LIQUID ASSETS
Total high-quality liquid
2 82,708,628 78,398,352
assets (HQLA)
ARUS KAS KELUAR (CASH OUTFLOWS)
Retail customer deposits
and funding from Micro
3 76,501,581 4,713,626 87,216,166 5,318,926
and Small Enterprises,
consisting of :
a. Stable deposits/funding 58,730,651 2,936,533 68,053,819 3,402,691
b. Less stable deposits/
17,770,930 1,777,093 19,162,346 1,916,235
funding
Corporate customer
4 128,246,637 42,447,605 115,597,151 38,185,466
funding, consisting of :
a. Operational deposits 52,040,789 12,653,956 46,363,863 11,129,501
b. Non-operational
deposits and/or other 76,205,848 29,793,649 69,107,739 26,930,417
non-operational liabilities
c. Bank-issued debt
securities (unsecured - - 125,548 125,548
debt)
5 Secured funding - -
Other cash outflows
6 (additional requirements), 19,353,067 5,091,117 14,086,956 3,178,604
consisting of:
a. Cash outflows from
- - - -
derivative transactions
b. Cash outflows from
- - - -
increased liquidity needs
546 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
(in IDR millions)
CONSOLIDATION
Q IV / 2025 Q III / 2025
Value of HQLA after Value of HQLA after
Deductions (Haircut), Deductions (Haircut),
Outstanding Value of Outstanding Liabilities and Outstanding Value of Outstanding Liabilities and
Liabilities and Commitments Commitments Multiplied Liabilities and Commitments Commitments Multiplied
/ Contractual Receivables by the Run-off Rate or / Contractual Receivables by the Run-off Rate or
Contractual Receivables Contractual Receivables
Multiplied by the Inflow Rate Multiplied by the Inflow Rate
92 Days 92 Days
89,363,036 79,461,030
79,679,993 4,888,641 87,220,665 5,319,240
61,587,160 3,079,358 68,056,529 3,402,826
18,092,833 1,809,283 19,164,135 1,916,414
133,998,182 44,426,791 115,391,024 38,107,285
53,789,894 13,071,366 46,337,578 11,122,766
80,208,288 31,355,425 68,927,898 26,858,971
- - 125,548 125,548
- -
19,361,779 5,099,829 14,086,956 3,178,604
- - - -
- - - -
2025 Annual Report 547
Page 117
05 Information on Capital and Risk Exposure
INDIVIDUAL
Q IV / 2025 Q III / 2025
Value of HQLA after Value of HQLA after
Deductions (Haircut), Deductions (Haircut),
Outstanding Outstanding
No Components Outstanding Value Liabilities and Outstanding Value Liabilities and
of Liabilities and Commitments of Liabilities and Commitments
Commitments Multiplied by Commitments Multiplied by
/ Contractual the Run-off Rate / Contractual the Run-off Rate
Receivables or Contractual Receivables or Contractual
Receivables Receivables
Multiplied by the Multiplied by the
Inflow Rate Inflow Rate
c. Cash outflows due to
- - - -
funding loss
d. Cash outflows from
credit facility and liquidity 15,846,611 1,584,661 12,120,391 1,212,039
facility commitments
e. Cash outflows from
other contractual
- - - -
obligations related to fund
disbursement
f. Cash outflows from
contingent funding - - - -
obligations
g. Other contractual cash
3,506,456 3,506,456 1,966,565 1,966,565
outflows
TOTAL ARUS KAS KELUAR
7 52,252,348 46,682,995
(CASH OUTFLOWS)
CASH INFLOW
8 Secured lending 2,393,962 242,093 1,009,639 249,501
Receivables from
9 11,528,203 5,907,656 9,258,087 4,838,712
counterparties
10 Other cash inflows 3,244,261 3,244,261 1,036,939 1,036,939
11 TOTAL CASH INFLOWS 17,166,426 9,394,010 11,304,665 6,125,152
TOTAL ADJUSTED TOTAL ADJUSTED
VALUE¹ VALUE¹
12 TOTAL HQLA 82,708,628 78,398,352
13 TOTAL NET CASH OUTFLOW 42,858,337 40,557,843
14 LCR (%) 192,98% 193,30%
Note:
¹ Adjusted values are calculated after applying deductions (haircuts), run-off rates, and inflow rates, as well as the maximum limits for HQLA components—
for example, the maximum limits for Level 2B and Level 2 HQLA—and the maximum cash inflows that can be considered in the LCR calculation.
548 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
CONSOLIDATION
Q IV / 2025 Q III / 2025
Value of HQLA after Value of HQLA after
Deductions (Haircut), Deductions (Haircut),
Outstanding Value of Outstanding Liabilities and Outstanding Value of Outstanding Liabilities and
Liabilities and Commitments Commitments Multiplied Liabilities and Commitments Commitments Multiplied
/ Contractual Receivables by the Run-off Rate or / Contractual Receivables by the Run-off Rate or
Contractual Receivables Contractual Receivables
Multiplied by the Inflow Rate Multiplied by the Inflow Rate
- - - -
15,846,611 1,584,661 12,120,391 1,212,039
- - - -
- - - -
3,515,168 3,515,168 1,966,565 1,966,565
54,415,261 46,605,129
2,429,346 277,477 1,009,639 249,501
12,169,359 6,297,075 9,258,087 4,838,712
3,244,765 3,244,765 1,036,939 1,036,939
17,843,470 9,819,318 11,304,665 6,125,152
TOTAL ADJUSTED VALUE¹ TOTAL ADJUSTED VALUE¹
89,363,036 79,461,030
44,595,943 40,479,977
200,38% 196,30%
2025 Annual Report 549
Page 119
05 Information on Capital and Risk Exposure
Qualitative Assessment of Liquidity Condition
Analysis
Liquidity condition of Bank Tabungan Negara:
1. The Bank-Only LCR for Q4/2025 stood at 192.98%, decreasing by 0.32 points compared to Q3/2025, which was 193.30%. The
decline in LCR was driven by the following factors:
a. Increase in HQLA by IDR 4.31 trillion (5.50%), driven by a rise in total placements with Bank Indonesia of IDR 7.51 trillion, cash
and cash equivalents increased by IDR 61.38 billion, while government and Bank Indonesia securities in both IDR and
foreign currencies decreased by IDR 3.25 trillion.
b. Increase in cash outflows (CO) by IDR 5.57 trillion (11.93%), driven by higher funding from corporate customers, which
increased by IDR 4.26 trillion, and other cash outflows rising by IDR 1.91 trillion, while retail customer deposits and funding
from micro and small enterprise customers decreased by IDR 605.30 billion.
c. Increase in cash inflows (CI) by IDR 9.39 trillion, up by IDR 3.27 trillion (53.37%), driven by higher receivables from
counterparties, which increased by IDR 1.07 trillion, and other cash inflows rising by IDR 2.21 trillion, while secured lending
decreased by IDR 7.41 billion.
2. The Consolidated LCR for Q4/2025 stood at 200.38%, increasing by 4.09 points compared to Q3/2025, which was 196.30%. The
increase in LCR was driven by the following factors:
a. Increase in HQLA by IDR 9.90 trillion (12.46%), due to higher placements with Bank Indonesia, which rose by IDR 11.21 trillion, and
cash and cash equivalents, which increased by IDR 102.14 billion, while government and Bank Indonesia securities in both IDR and
foreign currencies decreased by IDR 1.41 trillion.
b. Increase in cash outflows (CO) by IDR 7.81 trillion (16.76%), driven by higher funding from corporate customers, which rose by IDR
6.32 trillion, and other cash outflows increasing by IDR 1.92 trillion, while retail customer deposits and funding from micro and
small enterprise customers decreased by IDR 430.59 billion.
c. Increase in cash inflows (CI) by IDR 3.69 trillion (60.31%), driven by secured lending, which increased by IDR 27.98 billion, receivables
from counterparties rising by IDR 2.21 trillion, and other cash inflows increasing by IDR 3.69 trillion.
3. The Consolidated HQLA for Q4/2025 amounted to IDR 89.36 trillion, dominated by government and Bank Indonesia securities
totaling IDR 51.14 trillion (57.23% of total HQLA).
4. Liquidity management is determined in ALCO meetings and implemented by the treasury, risk, strategic, funding, and lending
units. In order to increase stable and long-term funding sources, the Company is committed to enhancing transactional low-
cost digital CASA deposits, and if necessary, additional funding may be sourced from wholesale funding through borrowings,
issued securities including bonds and securitizations, and other instruments.
NSFR Report
Bank on an individual basis
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
1 Capital 30,634,918 - - 2,316,538 32,951,456
2 Capital according to 30,634,918 - - 2,316,538 32,951,456 1,1
POJK KPMM 1,2
3 Other capital - - - - - 1,3
instruments
4 Deposits from retail 62,645,205 23,873,237 - - 80,955,021 2
customers and funding 3
from micro and small
enterprise customers
5 Stable deposits and 51,965,534 9,802,917 - - 58,680,028 2,1
funding 3,1
6 Less stable deposits and 10,679,672 14,070,320 - - 22,274,993 2,2
funding 3,2
7 Funding from corporate 41,504,817 211,737,517 3,000,000 29,773,631 158,875,135 4
customers
8 Operational deposits 41,504,817 - - - 20,752,409 4,1
550 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
28,768,953 - - 4,082,270 32,851,223
28,768,953 - - 4,082,270 32,851,223 1.1
1.2
- - - - - 1.3
46,109,786 22,830,603 - - 64,689,203 2
3
41,505,959 11,351,111 - - 50,214,216 2.1
3.1
4,603,827 11,479,492 - - 14,474,987 2.2
3.2
56,078,498 176,028,437 10,000,000 29,811,887 152,072,952 4
56,078,498 - - - 28,039,249 4.1
2025 Annual Report 551
Page 121
05 Information on Capital and Risk Exposure
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
9 Other funding from - 211,737,517 3,000,000 29,773,631 138,122,726 4,2
corporate customers
10 Liabilities with matched - - - 89,678,668 - 5
assets
11 Other liabilities and equity - - - - - 6
12 NSFR derivative liabilities - - - 6,1
13 Other equity and - 7,570,719 - - - 6,2 s,d, 6,5
liabilities not included
above
14 Total ASF 272,781,612 7
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
Total HQLA for NSFR
15 3,022,662 1
calculation
Deposits at other financial
16 institutions for operational - - - - 2,041,500 2
purposes
Performing loans and
17 loans under special - 9,182,592 4,779,933 259,176,225 185,397,820 3
attention, and securities
To financial institutions
18 collateralized with Level - - - - - 3,1,1
1 HQLA
To financial institutions
collateralized with
3,1,2
19 non-Level 1 HQLA, and - - - - -
3,1,3
unsecured loans to
financial institutions
To non-financial
corporates, retail
customers, micro
and small enterprise
customers, the
3,1,4,2
Government of
20 - 1,570,576 2,042,941 37,750,149 32,867,887 3,1,5
Indonesia, other
3,1,6
governments, Bank
Indonesia, foreign
central banks, and
public sector entities,
including:
552 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
- 176,028,437 10,000,000 29,811,887 124,033,703 4.2
- - - 75,416,589 - 5
- - - - - 6
- - - 6.1
- 6,834,596 - - - 6.2 s.d. 6.5
249,613,378 7
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
2,673,676 1
- - - - 1,257,889 2
- 21,144,504 4,215,196 228,071,043 171,663,465 3
- - - - - 3.1.1
3.1.2
- - - - -
3.1.3
3.1.4.2
- 11,287,550 1,418,751 38,013,836 37,602,000 3.1.5
3.1.6
2025 Annual Report 553
Page 123
05 Information on Capital and Risk Exposure
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
Assets eligible for a
risk weight of 35% or
21 - 13,584 46,147 5,132,490 3,365,984 3,1,4,1
lower under OJK SE
ATMR for Credit Risk
Residential mortgage
22 loans not pledged as - 7,612,017 2,736,991 221,426,076 152,084,505 3,1,7,2
collateral, including:
Assets eligible for a
risk weight of 35% or
23 - 257,719 345,113 206,510,819 134,533,448 3,1,7,1
lower under OJK SE
ATMR for Credit Risk
Performing and
underperforming
securities not pledged
as collateral, not
24 - - - - 445,428 3,2
in default, and not
classified as HQLA,
including publicly
traded shares.
Assets with matched
25 - - - 89,678,668 - 4
liabilities
26 Other assets: 23,883,812 5
Tradable physical
27 commodities, including - - 5,1
gold
Cash, securities, and
other assets recorded
as initial margin for
28 derivative contracts - - - - 5,2
or as default fund
contributions to a central
counterparty (CCP)
29 NSFR derivative assets - - - - 5,3
20% of derivative
liabilities before
30 - - - - 5,4
variation margin
deduction
All other assets not
31 3,679,705 20,204,107 - - 23,883,812 5,5 s,d, 5,12
included above*)
Administrative account
32 13,270,480 - - 663,524 12
transactions
Total RSF 215,009,318 13
Net Stable Funding Ratio
126.87% 14
(NSFR %)
554 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
- 13,879 50,926 5,314,554 3,486,863 3.1.4.1
- 9,856,954 2,796,446 190,057,207 132,932,095 3.1.7.2
- 353,059 387,565 174,716,156 113,935,813 3.1.7.1
- - - - 1,129,371 3.2
- - - 75,416,589 - 4
18,906,012 5
- - 5.1
- - - - 5.2
- - - - 5.3
- - - - 5.4
2,871,550 16,034,463 - - 18,906,012 5.5 s.d. 5.12
21,683,596 - - 1,084,180 12
195,585,222 13
127.62% 14
2025 Annual Report 555
Page 125
05 Information on Capital and Risk Exposure
Individual NSFR Analysis
In general, PT Bank Tabungan Negara (Persero) Tbk.'s liquidity was adequate for the period of December 2025. Liquidity
management was supported by adequate measurement of liquidity parameters so that liquidity risk could be properly monitored
and managed. The results of liquidity risk measurement using the Net Stable Funding Ratio (NSFR) indicator for the period of
December 2025 are as follows:
1. The Company's Net Stable Funding Ratio (NSFR) for the December 2025 period remained relatively stable with an upward
trend. The December 2025 NSFR was 127.62%, an increase of 0.75 points compared to the September 2025 period of 126.87%.
The increase in the December 2025 NSFR value resulted from a more significant decrease in RSF (Required Stable Funding)
compared to the decrease in ASF (Available Stable Funding). The Company's liquidity is in adequate condition because the
NSFR value is above the regulatory threshold of 100%. The following is a detailed analysis of the December 2025 NSFR:
a. The ASF for December 2025 amounted to IDR249.61 trillion, a decrease of IDR23.17 trillion (8.49%) compared to September
2025. The decrease in ASF came from Capital decreasing by IDR100.23 billion, Deposits from individual customers and
funding from micro and small business customers decreased by IDR16.27 trillion and funding from corporate customers
decreased by IDR6.80 trillion.
b. The RSF for December 2025 was IDR195.59 trillion, a decrease of IDR19.42 trillion (9.03%) compared to September 2025.
The decrease in RSF was due to a decrease in Total HQLA for the NSFR calculation of IDR348.99 billion, a decrease in
deposits from other financial institutions for operational purposes of IDR783.61 billion, a decrease in loans categorized
as Current and Special Mention (performing) and securities ofIDR 13.73 trillion, and a decrease in Other Assets of IDR4.98
trillion, while Off-Balance Sheet Transactions increased by IDR420.66 billion.
2. The composition of the Company's ASF for the December 2025 period was dominated by corporate customer funding
amounting to IDR152.07 trillion (60.92% of the total ASF), while the RSF was dominated by loans in the current and special
mention categories (performing loans) and securities that were not in default amounting to IDR171.66 trillion (87.77% of the
total RSF). There was an exposure of interdependent assets and liabilities amounting to IDR75.42 trillion in the form of the FLPP
(Housing Financing Liquidity Facility) Government Subsidy Program Fund.
3. The liquidity management strategy was established at the ALCO committee meeting and implemented by the treasury,
risk, strategic, funding, and lending business units. To increase stable and long-term funding sources, the Company is
committed to increasing third-party funds (DPK) through low-cost digital transactions and raising wholesale funds through
bilateral loans, NCD issuance, bonds, and securitization.
Bank Consolidated with Subsidiaries
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
1 Capital 31,742,919 - - 2,323,230 34,066,149
Capital according to 1,1
2 31,742,919 - - 2,323,230 34,066,149
POJK KPMM 1,2
Other capital
3 - - - - - 1,3
instruments
Deposits from retail
customers and funding 2
4 62,645,453 23,873,237 - - 80,955,243
from micro and small 3
enterprise customers
Stable deposits and 2,1
5 51,965,534 9,802,917 - - 58,680,028
funding 3,1
Less stable deposits and 2,2
6 10,679,919 14,070,320 - - 22,275,215
funding 3,2
Funding from corporate
7 41,504,824 211,737,911 3,000,000 29,773,631 158,875,335 4
customers
8 Operational deposits 41,504,824 - - - 20,752,412 4,1
556 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
(in IDR millions)
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
35,289,292 - - 4,278,706 39,567,998
1.1
35,289,292 - - 4,278,706 39,567,998
1.2
- - - - - 1.3
2
53,054,160 25,421,250 - - 73,699,199
3
2.1
48,058,665 13,367,932 - - 58,355,268
3.1
2.2
4,995,494 12,053,318 - - 15,343,931
3.2
56,054,184 189,392,455 10,000,000 36,469,068 165,386,766 4
56,054,184 - - - 28,027,092 4.1
2025 Annual Report 557
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05 Information on Capital and Risk Exposure
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
Other funding from
9 - 211,737,911 3,000,000 29,773,631 138,122,923 4,2
corporate customers
Liabilities with matched
10 - - - 89,678,668 - 5
assets
11 Other liabilities and equity - - - - - 6
12 NSFR derivative liabilities - - - 6,1
Other equity and
13 liabilities not included - 7,570,719 - - - 6,2 s,d, 6,5
above
14 Total ASF 273,896,727 7
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
Total HQLA for NSFR
15 3,022,662 1
calculation
Deposits at other financial
16 institutions for operational - - - - 2,042,067 2
purposes
Performing loans and
17 loans under special - 9,182,592 4,779,933 260,623,353 186,338,453 3
attention, and securities
To financial institutions
18 collateralized with Level - - - - - 3,1,1
1 HQLA
To financial institutions
collateralized with
3,1,2
19 non-Level 1 HQLA, and - - - - -
3,1,3
unsecured loans to
financial institutions
To non-financial
corporates, retail
customers, micro
and small enterprise
customers, the
3,1,4,2
Government of
20 - 1,570,576 2,042,941 37,750,149 32,867,887 3,1,5
Indonesia, other
3,1,6
governments, Bank
Indonesia, foreign
central banks, and
public sector entities,
including:
558 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
- 189,392,455 10,000,000 36,469,068 137,359,674 4.2
- - - 75,416,589 - 5
- - - - - 6
- - - 6.1
- 7,954,699 - - - 6.2 s.d. 6.5
278,653,963 7
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
2,673,676 1
- - - - 1,257,985 2
- 21,144,504 4,215,196 261,403,965 193,329,864 3
- - - - - 3.1.1
3.1.2
- - - - -
3.1.3
3.1.4.2
- 11,287,550 1,418,751 38,013,836 37,602,000 3.1.5
3.1.6
2025 Annual Report 559
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05 Information on Capital and Risk Exposure
Report Date Position (September 2025)
Carrying Value by Remaining Maturity Total Ref. No.
ASF Components (IDR million) Weighted from NSFR
Value Work Paper
Without ≥ 6 months
< 6 months ≥ 1 year
Maturity - < 1 year
Assets eligible for a
risk weight of 35% or
21 - 13,584 46,147 5,132,490 3,365,984 3,1,4,1
lower under OJK SE
ATMR for Credit Risk
Residential mortgage
22 loans not pledged as - 7,612,017 2,736,991 222,873,204 153,025,138 3,1,7,2
collateral, including:
Assets eligible for a
risk weight of 35% or
23 - 257,719 345,113 207,957,947 135,474,081 3,1,7,1
lower under OJK SE
ATMR for Credit Risk
Performing and
underperforming
securities not pledged
as collateral, not
24 - - - - 445,428 3,2
in default, and not
classified as HQLA,
including publicly
traded shares.
Assets with matched
25 - - - 89,678,668 - 4
liabilities
26 Other assets: 22,436,684 5
Tradable physical
27 commodities, including - - 5,1
gold
Cash, securities, and
other assets recorded
as initial margin for
28 derivative contracts - - - - 5,2
or as default fund
contributions to a central
counterparty (CCP)
29 NSFR derivative assets - - - - 5,3
20% of derivative
liabilities before
30 - - - - 5,4
variation margin
deduction
All other assets not
31 2,232,577 20,204,107 - - 22,436,684 5,5 s,d, 5,12
included above*)
Administrative account
32 13,270,480 - - 663,524 12
transactions
Total RSF 214,503,390 13
Net Stable Funding Ratio
127.69% 14
(NSFR %)
560 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Report Date Position (December 2025)
Carrying Value by Remaining Maturity
Total Weighted Ref. No. from
(IDR million)
Value NSFR Work Paper
≥ 6 months -
Without Maturity < 6 months ≥ 1 year
< 1 year
- 13,879 50,926 5,314,554 3,486,863 3.1.4.1
- 9,856,954 2,796,446 223,390,129 154,598,494 3.1.7.2
- 353,059 387,565 208,049,079 135,602,213 3.1.7.1
- - - - 1,129,371 3.2
- - - 95,371,208 - 4
20,779,042 5
- - 5.1
- - - - 5.2
- - - - 5.3
- - - - 5.4
3,099,715 17,679,328 - - 20,779,042 5.5 s.d. 5.12
21,683,596 - - 1,084,180 12
219,124,748 13
127.17% 14
2025 Annual Report 561
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05 Information on Capital and Risk Exposure
Consolidated NSFR Analysis
1. The Consolidated Net Stable Funding Ratio (NSFR) for December 2025 was maintained stable compared to the previous period.
The Consolidated NSFR value for December 2025 was 127.17%. The movement in the Consolidated NSFR value for December
2025 was derived from a more significant increase in RSF (Required Stable Funding) compared to the increase in ASF (Available
Stable Funding). The Bank's liquidity is in adequate condition because the Consolidated NSFR value is above the regulatory
threshold of 100%. The following is a detailed analysis of the Consolidated NSFR for December 2025:
a. The ASF for December 2025 was IDR278.65 trillion, an increase of IDR4.76 trillion (1.74%) compared to September 2025. The
increase in ASF was due to an increase in capital of IDR5.50 trillion, funding from corporate customers of IDR6.51 trillion, and
deposits from individual customers and funding from micro and small business customers decreased by IDR7.26 trillion.
b. The RSF for December 2025 amounted to IDR219.12 trillion, an increase of IDR4.62 trillion (2.15%) compared to September 2025.
The increase in RSF was due to loans categorized as Current and Special Mention (performing) and securities, which increased
by IDR6.99 trillion, and off-balance sheet transactions by IDR420.66 billion. Meanwhile, total HQLA for NSFR calculations
decreased by IDR348.99 billion, deposits with other financial institutions for operational purposes decreased by IDR784.08
billion, and other assets decreased by IDR1.66 trillion.
2. The composition of the Company's ASF for the December 2025 period was dominated by corporate customer funding amounting
to IDR165.39 trillion (59.35% of the total ASF), while the RSF was dominated by current and special mention loans (performing
loans) and non-defaulted securities amounting to IDR193.33 trillion (88.23% of the total RSF). There was an interdependent
asset and liability exposure of IDR95.37 trillion in the form of the FLPP (Housing Financing Liquidity Facility) Government Subsidy
Program Fund.
3. The liquidity management strategy was established in ALCO committee meetings and implemented by the treasury, risk,
strategic, funding, and lending business units. To increase stable and long-term funding sources, BTN is committed to increasing
third-party funds (DPK) through low-cost digital transactions and, if needed, utilizing other funding sources, such as wholesale
funding through loans, securities issued, including bonds and securitization, and other instruments.
Encumbered Assets (ENC)
(in IDR millions)
2025
Assets held or pledged with the
Encumbered unencumbered
central bank and not not used to Total
Assets Asset
generate liquidity
Assets in the Statement of
Financial Position may be
IDR413,096 IDR69,832,231 IDR22,704,351 IDR92,949,678
presented in detail to the
extent necessary.
Qualitative Analysis
• Encumbered assets are bank assets legally and contractually restricted for liquidity needs by the bank in times of stress.
Encumbered assets do not include assets held or contracted with Bank Indonesia but not yet used to generate liquidity. The
bank currently holds IDR413 billion in encumbered assets.
• Assets deposited or pledged with Bank Indonesia but not yet used to generate liquidity are as referred to in the Financial
Services Authority Regulation concerning the obligation to fulfill the liquidity coverage ratio for Commercial Banks, as regulated
in OJK Regulation No. 19 of 2024. Currently, the Bank has assets deposited or pledged with Bank Indonesia amounting to
IDR69.83 trillion.
• Unencumbered assets are assets that qualify as HQLA as defined in the Financial Services Authority Regulation concerning the
obligation to meet the Liquidity Coverage Ratio for Commercial Banks. Currently, the Bank holds unencumbered assets in the
form of placements with Bank Indonesia, total securities not included in the calculation of secondary reserve requirements,
and reverse repo.
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PT Bank Tabungan Negara (Persero) Tbk
Liquidity Risk Management (LIQA)
Liquidity risk is the risk that the Company does not have (NSFR), which includes daily monitoring of the Bank’s
sufficient financial capacity to meet its obligations when liquid assets and daily cash inflows and outflows.
they are due, or fulfills these obligations but at a high 2. Establishing a Macroprudential Liquidity Buffer
cost, where the risk arises from the misalignment of the (PLM) to maintain the Company’s liquidity position,
timing of cash flows. In managing its liquidity, in addition including by placing excess funds in liquid financial
to maintaining the primary Statutory Reserve (GWM) and instruments.
Macroprudential Liquidity Buffer (PLM), the Company 3. Establishing Cash Holding limits at the Company’s
also monitors the Liquidity Coverage Ratio (LCR) report branch offices.
daily and the Net Stable Funding Ratio (NSFR) monthly. 4. Implementing the ALCO function to regulate
The Company also periodically conducts stress testing interest rates to increase/decrease certain funding
on liquidity conditions using assumptions of possible sources related to maturity discrepancies, ensuring
scenarios in the Indonesian banking system. compliance with applicable regulations, and
establishing tolerance limits for liquidity and funding
The implementation of Liquidity Risk Management aims risks as stipulated in the Risk Appetite Statement
to ensure daily funding adequacy, both under normal (RAS).
conditions and in anticipation of stressful situations. The 5. Implementing a Contingency Funding Plan (CFP)
liquidity framework is designed to adapt to changes in and its mechanisms, including establishing a crisis
business models, market conditions, and regulations. response team to anticipate a liquidity crisis and
The Company maintains a variety of available funding briefly outlining the responsibilities and actions that
sources, diversified from core retail customer deposits can be implemented in a liquidity stress scenario and
to corporate customer deposits, while ensuring the establishing specific stages during the stress scenario.
availability of high-quality liquid assets. In the process of controlling liquidity risk, the Company
has used measurement parameters in accordance
The Bank’s risk management practices are as follows: with Basel III standards, with the guidelines that have
1. Conducting daily monitoring of the Liquidity Coverage been implemented so far, making the Company’s
Ratio (LCR) and monthly Net Stable Funding Ratio liquidity position always maintained in a safe position.
Operational Risk
Operational Risk Calculation
Bank Individually
(in IDR millions)
December 31, 2025 December 31, 2024
Approach
used
KIB MMRO ATMR KIB MMRO ATMR
Standard
1,791,641 1,791,641 22,395,507 1,631,082 1,631,082 20,388,527
Approach
Bank Consolidated with Subsidiaries
(in IDR millions)
December 31, 2025 December 31, 2024
Approach
used
KIB MMRO ATMR KIB MMRO ATMR
Standard
1,816,564 1,607,280 20,090,999 - - -
Approach
2025 Annual Report 563
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05 Information on Capital and Risk Exposure
General Qualitative Disclosures
Operational Risk Management
The Company has established a Risk Management of identifying and measuring operational risks inherent in
function for Operational Risk that is independent from the all Bank work unit activities. Therefore, when completing
Company’s business work units, namely the Operational the RCSA, all work units are required to identify and
and Digital Risk Management Work Unit as a form of measure operational risks inherent in daily activities and
improving the implementation of Risk Management, impacting the achievement of work unit targets, including
especially for operational, digital, and fraud risks. In the establishing control measures to ensure all potential risks
Operational and Digital Risk Management Work Unit, in each work unit can be controlled. The KRI module serves
to improve operational risk control at the Head Office as a tool for monitoring risk trends based on established
Division level, the Company has established an ORC risk indicators. These risk indicators will serve as the basis
Department, the ORC has coordinated with risk owners for developing anticipatory and remedial measures in
in an effort to grow a culture of risk awareness by the future.
compiling a risk register and RCSA in each Head Office
Division. To ensure the Company’s operational continuity after
being impacted by operational risks stemming from
To improve the monitoring function of operational external factors such as natural disasters, social conflict,
risk control in operational activities at Branch Offices, and IT system failures, the Company has implemented a
Regional Offices, Commercial Business Centers (CBCs), Business Continuity Management (BCM) policy. This BCM
and Regional Loan Processing Centers, officers have policy contains systematic steps and serves as a guideline
been assigned to Business Branch Control (BBC), for employees in dealing with emergencies, from pre-
Regional Business Control (RBC), Commercial Business disaster preparedness and disaster response, operational
Center Business Control (CBC), and Regional Loan continuity planning, to returning to normal. To support
Processing Center Business Control (RLPC). These the successful implementation of BCM, the Company has
officers serve as the 1.5th line of defense, coordinating internalized the process for all employees by developing
with the Operational and Digital Risk Management Work video socialization materials and conducting periodic
Unit. trials or simulations. Reports on the results of these trials
or simulations will serve as a benchmark for success and
To implement risk management processes, particularly inform continuous improvement.
operational risk, the Company has an ORMIS (Operational
Risk Management Information System) application. This The Company has implemented Internal Control Over
application consists of three main integrated modules: Financial Reporting (ICOFR) as part of its internal control
LED, RCSA, and KRI. The LED (Loss Event Database) module system to provide reasonable assurance of the reliability
functions as an operational risk data collection module for and integrity of financial reporting in accordance
operational risk events at Branch Offices, using risk event with POJK No. 15/2024 concerning the Integrity of Bank
criteria based on Basel II (seven risk event types). Branch Financial Reporting and SK-5/2024 concerning Technical
Offices submit data online via ORMIS when operational Instructions for Internal Control over Financial Reporting
losses occur, which are periodically summarized into (ICOFR) of State-Owned Enterprises.
accumulated bank loss data, including actual losses,
near misses, and potential losses for each risk event. In addition to a part of the Company’s internal control
The collected data will be processed and analyzed to system which is to build a risk-aware culture at all levels
determine the operational risk exposure map for each of the Bank’s organization, updates have been made
Branch Office and Regional Office. This exposure map to the General Policy on Internal Control Systems, the
will serve as a reference for risk mitigation and future General Policy on Anti-Fraud Strategy, and the Specific
business process improvements. The RCSA (Risk and Policy on Internal Control over Financial Reporting..
Control Self-Assessment) module is used in the process
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PT Bank Tabungan Negara (Persero) Tbk
IT, Digital & Cyber Risk Management
Information technology plays a critical role in providing in accordance with ITIL best practices. The IT, Digital &
services to customers, supporting company operations, Cyber risk management process is implemented for all
and achieving the company’s strategic objectives. The IT services, including existing IT services, new IT services,
use of information technology is inherently exposed to and changes to IT services.
various types of risks and must therefore be balanced
with appropriate risk management to ensure the security In terms of IT implementation, digital & cyber risk
and reliability of information technology. Furthermore, management, the Company has identified, measured,
regulations from the regulator (OJK) mandate the monitored, and controlled risks in the use of Information
implementation of risk management in the use of Technology, which are documented in the Risk Register
information technology. Therefore, Company need to and reviewed system development plans in the Business
implement effective risk controls to maintain service Requirements Document (BRD). Periodically, risk
quality, improve their business, and ensure compliance control self-assessments are conducted to ensure the
with regulatory requirements. adequacy of controls in managing IT and digital risks.
IT, Digital & Cyber risk management is applied to the The Company also provides assistance in identifying risks
technology solutions used by the Company, covering in critical IT-related projects and establishing mitigation
six risk domains: information and cybersecurity risk, controls. This is done to ensure compliance with the
IT service delivery, resilience and continuity risk, IT principles of confidentiality, integrity, authentication,
third-party risk, data quality and privacy risk, IT project non-repudiation, and availability. Furthermore, the
delivery risk, and IT regulatory compliance risk. The IT, Company monitors key risk parameters using Key Risk
Digital & Cyber risk management approach used is Indicators (KRIs). All mitigation measures for identified
based on NIST best practices, which are used across issues have been followed up sufficiently to reduce the
various industries, and is enhanced by integrating risk risk level to meet the Company’s risk appetite.
management processes into the IT service lifecycle,
2025 Annual Report 565
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HUMAN CAPITAL 566 2025 Annual Report
Page 136
The Company’s mission is to be the Home for Indonesia’s Best
Talent. To achieve this goal, the Company has formulated its
Human Resources Aspirations for 2025–2029: A Dynamic Work
Environment Filled with Productive, Superior, and Prosperous
Talent with a Global Mindset.
2025 Annual Report 567
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06 Human Capital
HUMAN CAPITAL
MANAGEMENT STRATEGY
In order to realize “One of Homes of Indonesia’s Best ii. Global-Oriented Talents, who have the ability,
Talent”, the Human Resources (HR) development work insight, and mindset to work, collaborate,
program in the short and medium term has been aligned and compete effectively in an international
with the 2025-2029 Corporate Plan. The Medium-Term business sphere.
Plan for Human Resources (HR) has a tremendous iii. Turn Over Rate, which is a measurement of
goal, i.e. setting up a dynamic workplace occupied by the percentage of employees who leave the
productive, prominent, and prosperous talents having a company within a certain period (annually),
global mindset. compared to the average number of
employees in such period.
To manifest the said BTN’s Endstate Human Capital, c. Achievements of each indicator in 2025 were as
5 (five) pillars of the Endstate dimension have been follows:
formulated and successful parameters in achieving the i. Employer Branding Ranking: the 3rd Top
“Being a home for the Indonesian best talents” condition. Companies by LinkedIn version in terms of
Up to 2025, the indicators and achievements of each career development.
pillar were as follows: ii. Global-Oriented Talents: 38 employees of
1. Talent Magnet BTN are Global Talents (overseas graduates
a. Dimension: BTN becomes top-of-mind and overseas-scholarship awardee officers).
companies for the Indonesian’s best talents to iii. Turn Over Rate: Turnover rate of employees is
pursue their career. 1,6% annually.
b. b. Indicators:
i. Employer Branding Ranking, which is a
measurement of the company’s appeal and
position as a workplace compared to other
companies, based on external perception.
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PT Bank Tabungan Negara (Persero) Tbk
2. Employee Productivity 4. Employee Wellbeing & Experience
a. Has employee productivity above the average of a. Dimension: Being a workplace supporting
the Top 10 Banks. employees’ health, both spiritually, financially,
b. Indicators: and socially.
i. Revenue/Employee: productivity indicator b. Indicators:
measuring the extent of net profit earned i. Employee Wellbeing Index, which is a
by an employee in an organization within a comprehensive indicator measuring the
certain period. well-being level of total employees, including
ii. PPOP/Employee: productivity indicator physical, spiritual, social, and financial
measuring the extent of operational revenue aspects in the workplace.
earned by an employee in an organization ii. Employee Engagement Index, which is
within a certain period. an aggregate indicator that measures
iii. Assets/Employee: productivity indicator employees’ emotion, commitment, and
measuring the extent of total assets motivation bound to their organization and
managed by an employee in an organization work.
(in the banking or finance industries, usually). iii. Culture Assessment Index, which is an
c. Achievements of each indicator in 2025 were as indicator measuring the extent to which the
follows: current organizational culture, having been
i. Revenue/Employee: realization up to in accordance, adhered to, and performed
December is IDR 271 million/employee by employees, is in line with core values, key
ii. PPOP/Employee: realization up to December behaviors, and work culture that is expected
is IDR 821 million/employee by the company..
iii. Assets/Employee: realization up to December c. Achievements of each indicator in 2025 were as
is IDR 39 billion/employee follows:
3. Talent, Leadership, and Capabilities Development i. Employee Wellbeing Index: Index is 85,1 of 4
a. Dimension: Having A Strong Leadership Pipeline well-being aspect assessment
and Being A Talent Producer. ii. Employee Engagement Index: Score is 93,
b. Indicators: based on the results of an independent
i. % MCJ Successor Ratio: Indicator measuring survey
a critical position percentage (MCJ – Most iii. Culture Assessment Index: Score realization is
Critical Jobs) that has a successor, who is 24,86
ready or being prepared in the organization’s 5. HC Operational Excellence & Technology
Talent Pipeline. a. Dimension: Having an excellent HC and faster,
ii. % BUMN Qualified Talent: Indicator measuring better, and cheaper-by-technology HC service.
the percentage of employees who satisfy b. Indicators:
competency, capability, and talent criteria i. % AI Adoption in HC Cycle, which is an
as stipulated in the framework of SOE Talent indicator measuring the percentage in the
Management. Human Capital (HC) Cycle stage that has
iii. % Women and <42 Talent: Indicator measuring utilized Artificial Intelligence (AI) to support,
the percentage of employees classified as accelerate, or improve the quality of the HR
talent (positioning in the organization’s talent management process.
pool), satisfying two inclusive criteria as ii. HC Service Satisfaction Index, which is the
follows: employee satisfaction index with Human
a) Women Talent Capital (HC) service that they have
b) Employee aged < 42 years old (Young received from recruitment, employment
Talent) administration, learning, and up to employee
c. Achievements of each indicator in 2025 were as relations service.
follows: c. Achievements of each indicator in 2025 were as
i. % MCJ Successor Ratio: follows:
ii. % SOE Qualified Talent: 75% of candidates, i. % AI Adoption in HC Cycle: 22% of the stage
who are SOE Nominated Talent. in the Human Capital (HC) Cycle that has
iii. % Women Talent: 33,3 % of positions in the 1st utilized Artificial Intelligence (AI)
tier. ii. HC Service Satisfaction Index: The score of
iv. % Talent U < 42: 16,7 % of positions in the 1st tier. human capital satisfactory service is 94%
2025 Annual Report 569
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06 Human Capital
Human Capital (HC) Framework for 2025 – 2029
Home of Indonesia’s Best Talents
Dynamic Workplace Filled with Productive, Prominent, and Prosperous Talents with Global Mindset
Talent, Leadership,
Employee Wellbeing & HC Operational
Talent Magnet Employee Productivity & Capabilities
Experience Excellence & Technology
Development
Becoming top-of-mind Being a workplace supporting Having an excellent
Having employee Having Strong Leadership
companies for the employees’ health, both HC policy and faster,
productivity above the Pipeline and being Talent
Indonesian’s best talents to spiritually, financially, and better, and cheaper-by-
average of Top 10 Bank Producer
pursue their career socially technology HC service
Employer Branding Ranking Laba / Pegawai % MCJ Successor Ratio Employee Wellbeing Index % Al Adoption in HC Cycle
Global-Oriented Talents PPOP/Pegawai % BUMN Qualified Talent Employee Engagement Index HC Service Satisfaction Index
Turn Over Rate Asset / Pegawal % Women and <42 Talent Culture Assessment Index
Culture: Develop Culture Program to Shape Workforce Planning & Recruitment: Reshaping
Organization Design: Develop Agile
1 2 Productive and High Performing Employee 3 “Soccer Field” & Improve feeder quality aligned
Organization & Optimize HC Advisory Function
Behaviour with Bank Strategic Initiatives
Learning & Capability Development: Develop Leadership Development & Succession: Develop
Talent & Career Management: Create solid
Critical Capabilities to be able to execute Bank solid Talent Bench strength/Leadership pipelines
tolent pool through well-designed Talent
4
Strategic Initiatives through Up-skilling & 5
Management & Progressive Career path
6
through best in class leadership development
Re-skilling program
Compensation & Benefit HC Technology: Accelerate
Performance Management: Employee Wellbeing: Ensure
Management: Enhance Automated HC Operations &
Revamp Individual Performance Employee Wellbeing through
7 8 Performance Based Compensation 9 10 Establish Al- Infused Decision
Management System linking with Supportive & inclusive Working
Packages & Maintain Market Support System to elevate HC
Productivity/Drive Business Output Environment
Competitiveness Service Effectiveness & efficiency
The company has a mission of being Home of Indonesia’s Best Talent. To achieve the end-state, the 2025-2029 Human
Capital Aspiration has been formulated, comprising a dynamic workplace occupied by productive, prominent, and
prosperous talents with a global mindset consisting of 5 Pillars and 10 Key Strategies, as follows:
1. Organization Design, which involves Developing 6. Leadership Development & Succession, by the
an Agile Organization and Optimizing HR Advisory development of a talent base/solid leadership path
Function. through the best leadership development program
2. Culture, which is the Developing Culture Program to in its class.
Shape Productive and High-Performance Employee 7. Performance Management, by Individual
Behavior. Performance Management System related to
3. Workforce Planning & Recruitment, which is Productivity/Boosting Business Yield.
Reshaping “Soccer Field” and Improving employee 8. Compensation & Benefit Management, by
feeder quality that is in line with the Bank’s Strategic improving Performance-Based Compensation
Initiative. Package & Maintaining Market Competitiveness.
4. Learning & Capability Development, by developing 9. Employee Well-being, by Ensuring Employees’
Critical Capability to perform the Bank’s Strategic Well-being through a Supportive and Inclusive Work
Initiative through Skills Improvement and Repetitive Environment.
Training. 10. HC Technology, by Optimizing Human Resources
5. Talent & Career Management, by creating a solid Operation and Building an AI-based Decision
talent pool through Talent Management that offers Supporting System to improve Effectiveness and
a well-designed and progressive career path. Efficiency of Human Resources.
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PT Bank Tabungan Negara (Persero) Tbk
HUMAN CAPITAL MANAGEMENT POLICY
AND IMPLEMENTATION
Recruitment In line with Special Policy KK 3.A regarding Human
Capital Cycle, the principles of employee recruitment
Policy include:
1. Based on Employee Needs Planning, covering job
In BTN, employee recruitment is regulated by Special types and requirements, the number of employees
Policy KK 3.A regarding Human Capital Cycle, with needed, and/or future capability needs.
further details in Technical Instructions (PT) No. 3-A.11 2. Fulfilling employee needs from both external and
regarding Recruitment and Selection. internal sources of the Company is based on the
1. Recruitment Source determination of work unit formations through
In 2025, employee recruitment was conducted in Workload Analysis.
various channels, either external or internal sources, 3. Employee acquisition will be carried out if the
to ensure the satisfaction of employee needs in analysis results indicate a gap (deficit) between the
accordance with the quantity and quality that are calculated employee needs and the current number
required in each business unit. of employees in a unit.
2. Diversity, Equity, & Inclusivity (DEI) Principles 4. In addition to fulfilling Employee Needs calculations,
In terms of supporting diversity and inclusivity, Employee Acquisition may also be conducted
gender equity and opportunity for disables had when there is a vacant position that must be
become a key principle in the recruitment process. filled immediately. This recruitment can be done
3. Recruitment Objectives both internally and externally, aligning with the
The recruitment process aimed to: requirements of the designated job profile.
• Ensure the satisfaction of employee needs in the 5. Employee acquisition primarily focuses on fulfilling
business unit. workforce needs from within (Promotion and
• Confirm employees’ quality and quantity in Rotation), without ruling out the possibility of external
accordance with the company’s standard. recruitment if internal fulfillment is insufficient or
• Prioritize DEI principles to create an inclusive and inadequate.
diverse work environment.
Stage and authority of recruitment in accordance with the provisions are regulated as follows:
Related
No Stages Director HCMD HCBP
Business Unit
1. Job Advertisement √
2. Administration Selection √
3. Culture Fit √
4. Assessment to measure Behavior Competency
and Basic Competency
4.1. Psychology Test (for Fresh Graduate) √
(by Third Party)
4.1. Potential Test √ √
(by Third Party) (Assisting)
4.3. Leaderless Group Discussion (Specially for √
ODP) (by Third Party)
4.4. Psychiatric Interview (ODP Interview) √
(by Third Party)
4.5. Assessment Center (Specially for Experience √ √
and Professional Hire) (by Third Party) (Assisting)
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06 Human Capital
Related
No Stages Director HCMD HCBP
Business Unit
5. Technical Competency Assessment
5.1. Technical Competency Test(Specially for √
ODP Specialist) (by Third Party)
5.2. Interview User (Specially for Experience and √
Professional Hire)
6. English Proficiency Test √ √
(by Third Party) (Assisting)
7. Medical Test √
(by Third Party)
8. Final Interview √ √
In accordance with the provisions of Technical Instruction (PT) No. 3-A.11 concerning Recruitment and Selection,
disabilities recruitment is also regulated, and the type of disabilities satisfying criteria of prospective disabled
employee includes Physically Disabled (minor) and Mute Disabled, but, it does not rule out the possibility of determining
other types of disabilities in subsequent recruitment, while simultaneously preparing suitable accommodation and
accessible facilities to Disabled Employees.
Pelaksanaan Rekrutmen
During 2025, 717 employees were recruited through five recruitment channels. The recruitment was for disabilities
and diaspora recruitment. In addition, still in 2025, the Company recruited 14 employees with disabilities, 8 ODP
diaspora employees, and 2 experienced diaspora employees. During the recruitment process, the Company does not
discriminate based on gender or race, and all candidates are treated equally. The Company consistently applies the
principles of Diversity, Equity, and Inclusion (DEI) as part of its commitment to sustainability principles in accordance
with the Company’s ESG Roadmap.
Various recruitment activities were also performed in conjunction with the Company’s 2025 employer branding program
at various events and institutions, including talent scouting, career days, and inspiration corners at leading Indonesian
universities, special recruitment for the Regional Leader Development Program (RLDP), and Joint Recruitment of State-
Owned Enterprises (RBB). Several stages of the recruitment process also involved third parties.
Table of Recruitment Implementation for 2025
No Recruitment Pathway Number
1 Officer Development Program (ODP) *) 179
2 Regional Leader Dev. Program (RLDP) 17
3 General Banking Staff (GBS) **) 386
4 Experienced/ Pro-Hire Hiring 50
5 Teller Service Staff 85
TOTAL 717
Note:
*) Including 8 Diasporas
**) Including 14 Disabilities
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Competency Development
Policy
Developing hard skill and soft skill competencies This program aims to ensure sustainable human
becomes part of the Human Capital cycle guidelines resource management, responsiveness to change,
in managing Human Resources in accordance with and alignment with business needs and organizational
Special Policy No. KK.3-A, concerning the Human Capital vision. Employee competency development focuses on
Cycle. Every employee is obliged to develop their leadership, critical capabilities, funding, transactional,
competencies so they can do their job well, and prepare and digital banking.
themselves to be able to face change and/or occupy a
higher position. Implementation of Competency
Development
Employee competency development is carried out
through structured and systematic learning and The Company conducts learning and development
development programs to enhance the required programs to continuously meet competency
knowledge, skills, and attitudes. The learning and requirements, aligned with the annual business
development framework is designed using the Analysis, strategy focus through training, development, special
Design, Development, Implementation, Evaluation assignments, as well as transfer and promotion
(ADDIE) approach and applies the 10:20:70 learning programs.
model, consisting of:
1. 10% through formal learning. The Company is committed to ensuring that all
2. 20% through learning from others. employees have equal opportunities for growth,
3. 70% through learning by doing. regardless of job level or gender. The learning and
development process is designed to provide equal
The Principle of Equality is applied, ensuring that all opportunities for all employees, whether in managerial
employees have equal opportunities for learning and or non-managerial positions.
development, from the initial placement phase to
being projected into higher positions. The employee Additionally, the Company promotes gender equality
competency development cycle includes: by ensuring that both men and women have the same
1. Onboarding – The preparation process for access to career development through learning and
employees in new positions, either through internal development programs that support their professional
movement (rotation, promotion, transfer) or for new growth. Through this approach, the Company fosters an
employees. inclusive work environment, offering equal opportunities
2. Equipping – The process of enhancing or refreshing for all employees to develop their competencies.
the competencies of employees in their current
positions.
3. Developing – A comprehensive competency
development process for employees projected for
higher positions.
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06 Human Capital
Competency Development in 2025
Below is the table of competency development distribution by job level and gender for the period January – December
2025:
Table of Competency Development in 2025
Employees Employee Training
Total
No. Job Level Training Field
Employees
Male Female Male Female
1. EXECUTIVE 6 1 7 Business & Sharia Banking 3 1
VICE
PRESIDENT Credit & Risk 3 1
Leadership 4 1
Operational Banking 6 1
Sales & Service 4 1
2. SENIOR VICE 17 11 28 Business & Sharia Banking 8 5
PRESIDENT
Credit & Risk 14 11
Leadership 16 11
Operational Banking 16 11
Sales & Service 12 9
3. VICE 81 18 99 Business & Sharia Banking 38 11
PRESIDENT
Credit & Risk 69 18
Leadership 71 18
Operational Banking 77 18
Sales & Service 68 16
4. ASSISTANT 102 24 126 Business & Sharia Banking 62 15
VICE
PRESIDENT Credit & Risk 98 24
Leadership 97 23
Operational Banking 102 24
Sales & Service 92 23
5. SENIOR 170 48 218 Business & Sharia Banking 115 30
MANAGER
Credit & Risk 166 47
Leadership 162 46
Operational Banking 168 48
Sales & Service 160 44
6. MANAGER 821 353 1.174 Business & Sharia Banking 545 225
Credit & Risk 807 347
Leadership 718 308
Operational Banking 817 352
Sales & Service 774 345
7. ASSISTANT 1.537 1.132 2.669 Business & Sharia Banking 979 691
MANAGER
Credit & Risk 1.485 1.088
Leadership 1.311 955
Operational Banking 1.497 1.097
Sales & Service 1.418 1.045
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Employees Employee Training
Total
No. Job Level Training Field
Employees
Male Female Male Female
8. SENIOR STAFF 2.005 2.542 4.547 Business & Sharia Banking 1.411 1.860
Credit & Risk 1.996 2.536
Leadership 1.581 2.046
Operational Banking 2.004 2.541
Sales & Service 1.956 2.515
9. STAFF 945 1.601 2.546 Business & Sharia Banking 667 1.178
Credit & Risk 912 1.504
Leadership 655 1.017
Operational Banking 918 1.543
Sales & Service 854 1.374
TOTAL 5.684 5.730 11.414
Various employee development programs have been implemented across 5 (five) training areas with the following
objectives:
Training Field Training Objectives
Business & Sharia Banking Enhancing employee competencies in sales, marketing, general knowledge, and other
aspects within the Sharia Banking sector.
Credit & Risk Improving expertise in credit and credit risk management.
Leadership Developing leadership skills and career advancement opportunities for employees.
Operational Banking Strengthening employee competencies in the Company’s operational activities.
Sales & Service Enhancing skills in sales and customer service
Evaluation of Competency Development Implementation
To assess the effectiveness of competency development programs, the Company applies a systematic and
comprehensive evaluation approach using the Kirkpatrick method, which consists of 4 (four) levels of evaluation:
Participants’ evaluation of the implementation of learning and development
Level 1 - Reaction
regarding the relevance and satisfaction of the activities.
Evaluations participants’ understanding of the learning and development materials
Level 2 - Learning
that have been provided.
Evaluations to measure the impact of learning and development on changes in
Level 3 - Behaviour
participant behavior and its application in work.
Evaluations are conducted to measure the impact of learning and development on
Level 4 - Result
improving aspects of the Company’s business or business processes.
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06 Human Capital
Competency Development Costs
In its implementation, the Company systematically allocates a budget for employee learning and development,
referring to regulations governing human resource competency development. The funds are allocated for employee
learning and development activities in technical, non-technical, and leadership fields. The total budget allocation for
competency development in 2025 increased by 24.55% compared to 2024.
Competency Development Costs
Growth
(in IDR millions)
In local currency
2025 2024 In Percentage (%)
(in IDR millions)
131.435 105.530 25.905 24,55%
Career Development
Policy
The new grading system is arranged and based on the Global Grading System, which supports the development of
a highly progressive organizational structure and career system aligned with global standards. Adjustments to the
grading system are required in line with the organization’s development, business scale, and BTN’s operating model.
The following is the prevailing grading system BTN:
Band Grade Corporate Title
6A Senior Executive Vice President
5 5B Executive Vice President
4 4E/5A Senior Vice President
4D Vice President
4C Vice President
4B Assistant Vice President
3 3E/4A Senior Manager
3D
Manager
3C
3B
Assistant Manager
3A
2 2F
Senior Staff
2E
2D
Staff
2C
2B
Junior Staff
2A
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The Global Grading System (GGS) aims to support 1. The performance aspect is based on the results of the
BTN’s competitive positioning in the banking industry Individual Performance Evaluation (IPE) over the last
through its grading system, and adjustments to the three years when the Talent Mapping assessment is
grading system are required in accordance with conducted.
the organization’s development, business scale, 2. The potential aspect is measured based on two
and operational model. Furthermore, the GGS also factors:
encourages employees to improve their technical, • Cognitive Assessment (Learning Agility),
behavioral, and leadership competencies as required weighted at 20%
by their respective levels. For example, positions, such as • Behavioral Competency Assessment, weighted
Deputy Division Head (4E) and Division Head (5A) have at 80%
currently clearer competency definitions, particularly in
leadership and people management, supporting more Based on these criteria, employees will be mapped into
progressive career management with a non-Inter Band a 9-box matrix as follows:
Grade Gap policy. This provides specific development
directions to help employees prepare for greater
responsibilities. 7
8 9
High Solid
Performer Star
Contributor
Talent Mapping
Performance
Career development at BTN refers to the provisions 4
5 6
Medium Slow
of Special Policy No. KK.3-A on the Human Capital Starter
Average Potensial
Cycle. In general, the career patterns regulated by the
Company for all employees include the acceleration
track, fast track, middle track, normal track, moderate 2 3
1
Low Slow Career
track, and slow track. As the basis for employee career Unfit
Starter Person
management, talent mapping is carried out by grouping
employees based on their potential.
Low Medium High
Employee talent mapping consists of performance and
potential aspects. Each aspect is categorized into three
criteria: low, medium, and high.
Potency
Here are the 9 (nine) types of talent:
No. Talent Mapping Description
1 Star Employees with High Performance and High Potential
2 Performer Employees with High Performance and Medium Potential
3 Solid Contributor Employees with High Performance and Low Potential
4 Potential Employees with Medium Performance and High Potential
5 Average Employees with Medium Performance and Medium Potential
6 Slow Starter Employees with Medium Performance and Low Potential
7 Career Person Employees with Low Performance and High Potential
8 Slow Starter Employees with Low Performance and Medium Potential
9 Unfit with Low Performance and Low Potential
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06 Human Capital
Career advancement is categorized into 2 (two) levels based on the employee band:
1. Employees with A Person Grade Band of 2
Employees may be given a promotion opportunity if they have accumulated a minimum score of 10 in their last
person grade. The score determination will be based on the results of the Individual Performance Evaluation,
following these rules:
Individual Performance Evaluation Score
Performance Rating 1 5
Performance Rating 2 4
Performance Rating 3 3
Performance Rating 4 2
Performance Rating 5 1
2. Employees with A Person Grade Band of 3 and Above
Career opportunities will be determined based on talent mapping results, which are categorized into 6 (six) career
paths as follows:
Acceleration Employees with a Successor category may have a
Track promotion opportunity within less than 1 (one) year.
Employees with a Star dan Peformer category may
have a promotion opportunity in 1 (one) year from Fast Track
occupying the last Person Grade.
Employees with a Potential category may have a
Middle Track promotion opportunity in 2 (two) years from occupying
the last Person Grade.
Employees with an Average category may have a
promotion opportunity in 3 (three) years since the last
Person Grade.
Normal Track
Employees with a Solid Contributor category may have a
Moderate Track promotion opportunity in 4 (four) years from occupying
the last Person Grade.
Employees with a Slow Starter category may have a
promotion opportunity in 5 (five) years from occupying Slow Track
the last Person Grade.
To ensure transparency, motivation, and positive Company’s career development concept is tailored to
competition, BTN has established two official career the Company’s needs, employee availability, potential
advancement periods per year: mapping from talent mapping, career movement
1. Period I: early year patterns based on job risk, and job transitions. This
2. Period II: mid year ensures that employee career development aligns with
business needs and the requirements for organizational
Note: Career advancement outside the designated transformation or change.
period may be possible based on certain considerations
and the Company’s needs.
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PT Bank Tabungan Negara (Persero) Tbk
Career
Employee Movement
Availability Based on employee
position in talent
mapping
Position
Talent Movement
Bank Needs Map Movement from one
position to another
To ensure the availability of successors, career development programs are implemented for various job levels. These
programs follow steps starting from candidate identification and selection to talent panel discussions for determining
career movements or candidate positioning based on program outcomes. The types of career development initiatives
for employees include leadership education, immersion programs, coaching and mentoring, setting specific targets,
project assignments, technical education, mandatory certifications, teaching assignments or training facilitation,
and certification programs. Additionally, employees undergo executive coaching, rotation/replacement, company
benchmarking, participation in professional banking associations, seminars/conferences, and ad-hoc team
assignments to enhance their exposure, experience, and professional network.
Career Development Implementation
To support employee career development, the company conducts employee assessments. The assessment
implementation for 2025 is as follows:
2025 Assessment Details
No. Description Participants
1. Assessment Grade < 2A and Using ASTONIA* 5.045
2. Assessment Grade > 3A Employing Consulting Service 129
3. Assessment BOD-1 (Directors of SOE’s Competency) 32
Total Employees Assessed 5.492
*) ASTONIA is BTN’s internal application for conducting employee assessments.
2025 Employee Promotion Details
Person Grade Number of Employees Person Grade Number of Employees
2A 2 3D 76
2B 25 4A 37
2C 126 4B 19
2D 207 4C 12
2E 1 4D 10
3A 235 5A 6
3B 304 Total 1.181
3C 121
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Details of Talent Acceleration Program (TAP) and Leadership Development Program Participants
Firstline Manager Middle Manager Senior Manager
TAP Batch 3 Development Development Program Development Program
Person Program (FLMDP) (MMDP) (SMDP)
Grade
Number of Number of Number of
Number of Participants
Participants Participants Participants
2E - - -
3A - - - -
3B - 18 4 -
3C 53 45 42 7
3D 32 11 9 15
3E/4A 9 1 1 11
4B 2 - - 5
4C - - - 1
Total 96 75 56 39
Performance Evaluation
Policy
The employee performance assessment process is regulated in Special Provisions (KK) 3-A, concerning the Human
Capital Cycle, in Chapter VIII, regarding Performance Management, and Technical Instructions (PT) No. 3-A.9,
concerning Employee Performance Assessment. The performance assessment process includes a performance
management cycle, as follows:
1. Formulation and Determination of Performance Targets which is the process of determining performance targets
to be achieved for 1 (one) year and making a commitment between superiors and subordinates to support the
achievement of Unit Performance and Company Performance.
2. Performance Monitoring which aims to ensure that performance targets can be achieved from time to time.
3. Performance Assessment, namely the process of evaluating performance targets and their achievements.
4. Reward, which is appreciation for performance achievement that is in accordance with meritocracy (career,
remuneration, etc.).
Formulation and
Performance
Determination of
Monitoring
Performance Targets
Aims to ensure that
Process of determining performance performance targets can be
targets to be achieved for 1 (one) achieved from time to time
year and making a commitment
between superiors and subordinates
to support the achievement of
Unit Performance and Company
Performance.
Reward Performance
Appreciation for performance Assessment
achievement that is in Process of evaluating
accordance with meritocracy performance targets and
(career, remuneration, etc. their achievements
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PT Bank Tabungan Negara (Persero) Tbk
Performance Management is a management process to ensure employees’ performance in supporting the
achievement of the Company’s goals through a sound system, from the formulation and setting of performance
targets, monitoring (guidance/coaching), assessment, to evaluation. Performance Management aims to create
clarity on the Company’s expected results, which are the responsibility of each employee according to their respective
positions.
According to the provisions of Technical Instructions (PT) PT.3-A.9 concerning Employee Performance Assessment, the
mechanism of performance assessment is explained as follows:
Drafting KPI Unit Determination of the measure of Weight Determination
KPI Unit becomes a base in the success from Job Desk Implementation Maximal and minimal indicator weights are 25% and 5%, respectively
implementation of cascading KPI,
so KPI individual can support the 1. The measure of job desk success can be from more No. Indicator
Layer 1 Managerial Layer 2 Managerial Layer 3 Individual
(A and B) (A and B) (A and B) Contributor
achievement of KPI Unit. than 1 (one) primary activity in the details of the
1 Unit Target Min 80% Min 70% Min 65% Max 30%
position
2. In case a new position or an ad-hoc position due 2 Individual Target - - - Min 70%
to an unavailable job desk, the measure of success
3 Leadership & Supervising Max 20% Max 30% Max 35% -
from the activity/project performed by each
individual/employee can be used Total 100% 100% 100% 100%
Preparation Cascading Success Metrics Work Target Weighing
Cascading KPI to every position Identification of Comprehensive Work Target
The cascading process is conducted by using the 1. If, between the results of the 2nd and 3rd Steps, redundant
following cascading tabulation:
is available, one of them is eliminated
1. For the Division (Head Office, including monoline
organ), it is conducted by each Division. 2. The total of maximal indicators is 10 (ten)
2. For the Branch Office and the Regional Office,
it is conducted centrally by the Human Capital
Management Business Unit, involving other
related Units
The components to be assessed covered:
a. Performance Assessment (90% Weight)
It is an assessment based on the Key Performance Indicator of the employee’s position. The performance appraisal
consists of 2 (two) components, namely:
• Cascading KPI (Key Performance Indicator) components, namely KPIs obtained from cascading results
(according to the responsibilities and roles of the individual) against KPIs from the layer above or KPIs of work
units. This component reflected the contribution of an individual to the success of his work unit. The types of
cascading were as follows:
Fully Cascade : KPI Units were fully passed down to employees with the same target.
Partially Cascade : KPI Units were passed down to employees with divided targets/
segments (according to individual responsibilities)..
Contributory Cascade : Unit KPIs were passed down to employees in terms of other KPIs that can
support the achievement of the unit’s KPIs (according to the employee’s
role).
• The Performance Indicator (PI) component was a measure of the success of the implementation of the
employee’s job description. This component reflects individual performance based on their job description.
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06 Human Capital
b. Cultural Implementation Assessment (10% weight)
The Corporate Cultural Implementation Assessment contributes 10% of employee performance assessment.
Specifically for the Business Unit Leader, the cultural assessment is divided into the Business Unit’s Cultural
Implementation Assessment and the Business Unit Leader’s AKHLAK Implementation Assessment.
Using the foregoing 2 (two) assessment components, the calculation of the Performance Assessment is as follows:
(Work Target Assessment x 90%) + (Corporate Cultural Implementation Assessment x 10%)
The result of the employee performance assessment is classified into 5 (five) categories, as follows:
No New Provision
Performance Remuneration
Achievement Range
1. Performance Rating (PR) 1 >110% - 120%
Policy
2. Performance Rating (PR) 2 >100% - 110% Provision regarding remuneration is regulated in Special
Performance Rating (PR) 3 Policy (KK) No. 3-B concerning Remuneration. The scope
3. >95% - 100%
of the remuneration provision includes governance in the
4. Performance Rating (PR) 4 >85% - 95% provision of remuneration, compensation, and benefits,
5. Performance Rating (PR) 5 s.d 85%
while compensation and benefits are based on statutory
and awards. The implementation of governance in the
provision of remuneration aims to encourage prudential
Performance Assessment banking, which is risk-taking in conducting business
Implementation activities that are performed in a measured manner and
refer to the provisions of statutory. The remuneration
Employee performance assessment is conducted policy is drafted by considering:
through quarterly self-assessments by each employee 1. Creating effective risk management;
via the BTNBest platform. Final grades are determined 2. Company’s financial stability;
by the Human Capital Committee of each business 3. Adequacy and strengthening of the Company’s
unit, where an assessment calibration process is in capital;
accordance with the bell curve provisions for each 4. Short-term and long-term liquidity needs;
position layer. The bell curve is used to ensure that grade 5. Future income potential.
distribution is in line with the business unit’s and the 6. Prioritize the principle of equality without
Corporation’s achievements. distinguishing gender.
The performance evaluation process for the 2025 Remuneration Implementation
performance year is currently ongoing, while the results
of the 2024 performance evaluation are as follows: In line with its remuneration principles, the Company
applies a performance-based reward system, meaning
that the higher an employee’s performance, the higher
No. 2025 Score Category Number of Employees
the remuneration they receive, with the expectation
1. Performance Rating 1 841 that this will enhance productivity. The Company also
upholds gender inclusion in remuneration, ensuring that
2. Performance Rating 2 2.167
there is no difference in pay between male and female
3. Performance Rating 3 7.783 employees. Remuneration is reviewed periodically to
assess its competitiveness in the market. Additionally,
4. Performance Rating 4 898
the Company regularly participates in industry salary
5. Performance Rating 5 39 surveys to determine its position in the market.
Total Employees 11.728
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In 2025, some adjustments were taken up in the remuneration mechanism for salary increases and bonuses, where the
business unit leader had the authority to adjust salary increases for teams within his/her business units and the bonus
multiplier for teams within his/her business units, which were implemented through the Merit Adjustment Performance
System (MAPS) and the Annual Bonus Allocation System (SAAB). This mechanism was performed with the following
objectives:
a. Empowerment of the Unit Leader in terms of the bonus multiplier in individual level by referring to the agreed
rules was necessary
b. A policy enabling the difference of the bonus multiplier between employees with equal performance rating
based on the Business Unit Leader’s observation of extra miles and contribution provided upon business unit
achievement was required
c. The application of the Pool Bonus scheme could be accelerated with the empowerment of the Business Unit Leader
in stipulating the bonus multiplier at the individual level in his/her business unit
d. To boost engagement, ownership, and awareness of employees in the Company’s achievement condition
sustainably, the bonus allocation granted in the share form was necessarily regulated.
2025 Employee Salary Provision
Male Female Total
No Position Salary Salary Salary
Number of Number of Number of
Amount Amount Amount
Employees Employees Employees
(Million) (Million) (Million)
1. Level 6A - 6B 2 3.336 - - 2 3.336
2. Level 5B 6 9.189 1 1.686 7 10.875
3. Level 4C - 5A 98 91.279 28 26.099 126 117.378
4. Level 3C - 4B 1.093 386.582 425 138.879 1.518 525.461
5. Level 3A - 3B 1.501 234.310 1.097 164.598 2.598 398.908
6. Level 2D - 2F 2.386 235.234 3.215 299.233 5.601 534.466
7. Level 2A - 2C 542 44.502 872 69.158 1.414 113.660
Total 5.628 1.004.432 5.638 699.653 11.266 1.704.084
Notes:
The number of employees was PKWT and PKWTT employees (excluding MPP employees)
Besides the monthly salary, the Company also provides additional remuneration or benefits, including:
1) Annual Bonus
2) Overtime Allowance
3) Annual Leave and Long Leave Allowances
4) Holiday Allowance (THR)
5) Tax Allowance (PPh 21)
6) BPJS Health and BPJS Employment Benefits
7) Service Award
8) Pension Allowance
9) Scholarship for Bachelor’s & Master’s Degrees (Domestic & International)
10) Medical Assistance
11) Periodic Health Check-ups
12) Condolence Assistance
13) Company-Owned Vehicle Program (COP)
14) Employee Loans/Financing (Kredit Sejahtera Pegawai)
15) Disaster Relief Assistance
16) Communication Allowance
17) Housing Facilities
18) Location Allowance (Hardship Allowance) for specific areas.
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06 Human Capital
Pension Program Retirement Program Implementation
Policy Retirement Preparation Program (MPP)
Recently, the Company has performed two pension The MPP program is intended for permanent employees,
programs, which are the Defined Benefit Pension who have reached the age of 55 years. The Retirement
Program (PPMP) managed by BTN Pension Fund and the Preparation Program is designed to help employees
Defined Contribution Pension Program (PPIP) managed prepare themselves financially, mentally, and physically
by a third-party Financial Institution Pension Funds to face retirement so that employees can enjoy a
(DPLK). The PPMP program is a program for employees comfortable and peaceful life after retirement and
who entered BTN before 2004, whereas after 2004 are released from daily work. The MPP program is an
employees will automatically enter the PPMP program. optional program for employees, if employees do not
apply for the MPP program, the employee’s status will
In the Defined Benefit Pension Program (PPMP), employees remain an active PKWT employee until retirement at the
still receive benefits equal to the formula determined by age of 56 years.
the Pension Fund with the maximum amount of Pension
Benefits that could be received by employees of up to The implementation of the retirement preparation
80% of the Basic Pension Income referring to the Board program is as follows:
of Directors Decree which regulates PT Bank Pension 1. Training Program, which is a provision program in
Fund Regulations State Savings (Persero) Tbk (Dapen the form of skills training with materials/fields that
BTN), while, in the Defined Contribution Pension Program are in accordance with the talents/desires of the
(PPIP), permanent employees receive pension benefits related employee, including Financial Management,
from the accumulated balance of the employee’s Job Searching, and Entrepreneurship Trainings.
portion of contributions at 2.5% of the relevant salary 2. Career Opportunity Program, which is given the
and 7.5% of the company’s portion of the relevant salary, opportunity to provide service assistance to the
as well as the results of its development. Company, Subsidiaries and/or Affiliated Companies.
The form of service assistance in question is as a
Permanent Employees who reach the age of 55 (fifty- trainer or Advisor.
five) shall continue working until the mandatory 3. Coaching Program, which is the provision of
Retirement Age of 56 (fifty-six). However, should a counseling that aims to prepare Employees to face
Permanent Employee wish to undertake the Pre- life after retirement, and the provision of Coaching
Retirement Preparation Period (MPP), he or she may related to developing entrepreneurship and job
submit a request to the Company. During the MPP period, searching.
adjustments will be made to the Employee’s salary.
During 2025, 29 employees had conducted MPP Program.
Service Recognition Award
• Karya Purna Bhakti Award, Given to employees who
retire at the ages of 36 years and 56 years.
• Karya Satya Abdi Award, Awarded to employees
who pass away while performing their duties in
safeguarding the bank’s reputation, security, assets,
and interests.
• End of Service Award, Given to employees who are
honorably discharged and to employees who pass
away.
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HUMAN CAPITAL
INFORMATION SYSTEM (HCIS)
BTNBest is the Company’s cloud-based Human Capital
management platform. BTNBest is developed to ensure
the smooth operation of the end-to-end Human Capital
cycle and the satisfaction of employee rights, including:
1. There is an overall monitoring mechanism for
the alignment of vision and mission and various
governance, namely access, security and
compliance.
2. The need to ensure alignment of the HR system
landscape with the overall HR strategy.
3. Reduce the level of manual data intervention from
personnel to other internal systems in the company.
4. Ensure the achievement of operational excellence in
the HR function and the quality of HR system services
that is evenly distributed to the smallest work unit in
all company operational areas.
5. Systematic implementation of the entire talent management cycle.
6. Availability of insight into the entire HR process to support decision making for management.
BTNBest integrates HC cycles from the recruiting process to employee termination. In addition, the HCIS module
development is as follows:
Talent Management Travel Management
Core HR Module
Module Module
Employee data that can be Development of an integrated Business travel integrated with
accessed by BTNers at any time. talent management system. travel agencies and hotels.
Learning Management Recruitment and Time Management
Module Onboarding Module Module
A learning platform with An integrated Recruitment and Real-time leave and overtime
customized and integrated Onboarding platform. requests with supervisor
learning paths. approval.
Performance and Benefit & Compensation
Payroll Module
Goals Module Module
Payroll calculation and payment Periodic and systemized KPI More organized medical claims
processes integrated with Core submission. and other benefits management.
Banking.
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06 Human Capital
BTNBest has been developed into 3 (three) phases since 2024-2025 as per the Company’s 2022-2025 Human Capital
Roadmap, which is the development of the Human Capital Information System (HCIS) of BTNBest by the Implementation
of a Cloud-based HC System from the previous HC system that is based on on-premise. These 3 (three) phases of
development include:
1. Phase I – 2023: Foundation Phase
The development of the key modules related to the HC system is implemented to support the Payroll process,
such as compensation and benefits, and basic components, such as organizational management, personal
administration, and data migration.
2. Phase II – 2024: End-To-End HC Cycle Implementation
The HC management cycle module starts from Recruitment and Onboarding, performance & goals, development
and succession, learning management, and travel management.
3. Phase III – 2025: Scale Up & Deep Dive Phase
Implementing Workforce Planning and Advanced People Analytics modules to support management in making
data-based decisions and developing Artificial Intelligence (AI) in the HC management cycle.
Performance & Succession &
Goal Development
Phase I is the preparation/ Phase II is the end-to-end
foundation phase Learning
Onboarding Management HC cycle implementation
phase
Travel
The main modules related Recruitment Management HC management cycle
to the HC system are modules starting from
implemented to support Recruitment & Onboarding,
the Payroll process to development and
such as compensation FASE II
2024 succession.
and benefits as well Organization
as basic components Management
such as organizational
management and personal
administration
Personal
Administration
Phase III is the scale up &
20 E III
deep dive phase
25
S
FA 023
FA
2
SE
Strategic
I
Time
Workforce
Management
Planning
Workforce Planning
and Advanced People
Analytic modules will be
implemented to support
Compensation management in making
data-based decisions.
Advanced People
Analytic
Benefit
Payroll
586 2025 Annual Report
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CULTURE
INTERNALIZATION
The implementation of the 2025 Corporate Culture Program referred to 5 (five) Corporate Culture pillars by the
implementation of 10 national Key Programs with cultural program activities aligned with BTN employees’ daily work
activities.
For evaluation, review, and identification of the implementation impacts of the corporate culture program, BTN
aligned the implementation of the culture program activities with performance achievement. It demonstrated that
the implementation of culture program had focused on the yielded performance impacts.
In 2025, BTN stipulated the corporate culture tagline “Be The oNe : Productive, Prominent, Prosperous with Global
Mindset” focusing on 3 (three) interrelated dimensions in establishing the sustainable and impactful corporate
culture, as follows:
Tools Set Skill Set
(Easy of doing) (Ability)
Mindset
(Willingness)
1. Mindset, which was the implementation of cultural communication and a symbolic act
2. Skill Set, which was the implementation of the change agent development program, and the leadership forum
3. Tools Set, which was the procurement of the dedicated culture hotline, culture report, and the implementation of
the BTNers Excellence Award
The corporate culture internalization by these three dimensions was manifested in 2 (two) programs, such as the Key
Program and Thematic Program.
Keys Program
No. Program Name Description Objectives
1. The 2025 HC Summit The implementation of the 2025 HC Summit and Strengthening the internalization of
(The Launch of Tagline the launch of the corporate culture tagline "Be corporate culture and building the mindset
“Be The One” The One Productive, Prominent, Prosperous with a of BTN employees through the use of the
Global Mindset" tagline "Be The oNe" in disseminating
information
2. Best Change Agent Awards granted to Change Agents (Structural • Providing boosters to Change Agents so
2025 Change Agents and Non-Structural Change that they can continue and consistently
Agents) who had implemented corporate culture implement the company culture in each
optimally. business unit.
• Optimizing business units in
implementing corporate culture
programs so that they can have an
impact on performance achievement.
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06 Human Capital
No. Program Name Description Objectives
3. Leadership Forum Establishing an executive forum as an effort • Confirming the engagement of leaders
to encourage the role of leaders in business and corporate culture in achieving the
development and strengthening corporate company's vision and mission
culture. • Aligning the focus of strategy and as
a stimulus for the role of leaders in
accordance with business challenges
and opportunities.
4. Strategic Culture Campaign strategy related to the company's Communicating directions and/or
Communication culture internalization program and/or other HC messages related to company culture so
programs through communication media, while that they are more easily accepted and
integrating various internal communication understood by employees.
channels.
The campaign is carried out in the form of
narratives, posters, videos, and podcasts
through CEO/BOD Messages.
5. Change Agent Forum The Change Agent Development Program series Strengthening CA's understanding of
2025 is a program for developing the competency the 5 Pillars of Culture and the role of
and soft skills of Change Agents as key roles in CA within them, empowering CA to be
implementing the corporate culture program. able to carry out its role effectively as
a role model, motivator, and facilitator
of cultural internalization, and building
CA's commitment to implementing the
company's culture program.
Thematic Program
No. Program Name Description Objectives
1. Video Challenge Holding a video competition with the theme Providing an understanding to employees
of Core Values AKHLAK, 4 Pillars of Culture, and regarding the importance of corporate
Implementation of Respectful Workplace Policy culture in driving the achievement of
(RWP). company performance.
2. Winspire Challenge A reward program for business units that Encouraging business units to increase
succeed as winners in achieving sales sales productivity and digital product
productivity and digital product sales. sales.
INFORMATION DISCLOSURE
TO EMPLOYEES
In implementing information disclosure to employees, the Company has various communication channels to its
employees, as follows:
No Media Remark
1. PPDigital Information sharing media related to Bank internal-based provisions.
2. E-mail Information sharing media via an e-mail blast that can be conducted to employees.
3. B-Gate A digital employee attendance application equipped with a News feature that displays various
updated information to employees.
4. Majalah Paras Magazines in physical and digital form (E-Magz) are distributed to employees regarding various
information related to the Company and other information.
5. BTNBest Human Capital Platform that can be accessed by employees to obtain information related to
employment data from the related employees.
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HUMAN CAPITAL
MANAGEMENT STRUCTURE
Human Capital Management in the Company is continuously developed to ensure that the utilized policies, processes,
procedures, and technologies are the best according to best practices and related to statutory. The Company’s
Human Capital management organization is under the leadership of the Director of Human Capital, Compliance,
& Legal, which is managed by 4 (four) Divisions, such as Human Capital Strategy Division (HCSD), Human Capital
Management Division (HCMD), Human Capital Business Partner Division (HCBD), and Learning Management Division
(LMD). The following are the respective functions of the 4 (four) Human Capital Divisions:
1. Human Capital Strategy Division (HCSD) functions to prepare short-term to long-term strategies and plans for
Human Capital, manages organizational completeness, and conducts studies, and provides policy proposals
related to Human Capital.
2. Human Capital Business Partner Division (HCBD) functions to exercise advocacy roles related to human capital
service and operational policy strategies to partner divisions.
3. Human Capital Management Division (HCMD) functions to implement services and operations in the fields of
talent acquisition, career management, performance management, compensation benefits, and termination of
employment, employee relations, industrial relations, and managing Human Capital technology.
4. Learning Management Division (LMD) functions to manage and ensure the implementation of employee
competency improvement including needs analysis, design, development, implementation programs, and
evaluation of development and learning programs to support the achievement of the Company’s business
strategies and goals.
Director of Human Capital
& Compliance
Human Capital Human Capital Human Capital Learning
Strategy Management Business Partner Management
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06 Human Capital
HUMAN CAPITAL
WORK PLANS IN 2026
The 2026 Human Capital Work Plans focus on more Having these strategy principles, every initiative of the
efficient organization redesigning, reformulation of RJP HC can:
performance and reward systems, reconfiguration of • Direct to the Company’ Human Capital
talent and succession management, affirmation of transformation targets,
employee capability, and leadership development, • Have a structure and measurable focus,
improvement of HR productivity, and optimization of • Ensure that HC strategies are in line with the
human capital technology to support the Company’s Company’s comprehensive business strategy and
business target achievement. vision.
In addition, the strategic directives for the Company’s Therefore, these principles become the Company’s
2026 human capital development mostly refer to the strategic foundation in developing various sustainable
Danantara Guideline via Letter of Danantara Number human capital programs, policies, and initiatives, so
SR.193/DI-DAM/DO/2025 dated October 29, 2025 that the Company’s human capital transformation can
concerning Submission of Guideline for the Company’s directedly move and provide optimal impacts for the
2026-2030 Long-Term Plan (RJPP) Drafting (RJPP) of Company.
2026 -2030.
Based on this guideline, the Company derives the
Furthermore, the Danantara guideline in the Danantara’s Human Capital Pillar into some strategic
development of Human Capital Strategy is described pillars as guidelines in the development of the Company’s
into 5 (five) Human Capital pillars, as follows: Long-Term Plan Initiatives (RJP HC). Subsequently, the
1. Corporate HC Strategy and Culture: aligning company elucidates into the Human Capital Strategy
corporate course and work culture in supporting the Pillar, as follows:
implementation of business transformation. 1. Human Capital Strategy, which directs human
2. Talent Management: ensuring the availability of capital programs and activities aligned with business
crucial talents to boost the success of transformation transformation, and supports the achievement of
and improvement of sustainable business the Company’s vision.
performance. The Human Capital Strategy pilar is divided into 2
3. Leadership and Capability Development: (two) key strategies, as follows:
developing leadership and organizational capability a. Organization Design, which is developing agile
that are relevant to the needs and course of the organization to improve responsiveness and
future business model. efficiency.
4. Performance and Reward Management: b. Workforce Management, which is recruiting the
implementing a performance-based reward most suitable talent and reshaping “Soccerfield”.
system to affirm motivation, accountability, and 2. Performance and Reward Management, which
achievement of corporate objectives. is developing performance and meritocrat and
5. HC Governance, Operations, and Industrial competitive awards and boosting more productive
Relations: strengthening governance, operational employee behavior.
effectiveness, and constructive industrial relations Performance and Reward Management Pillars are
to maintain stability and sustainability of business divided into 2 (two) key strategies, as follows:
performance. a. Performance Management, which is
strengthening performance management to link
Based on the key guidelines of Danantara Human directly with business outcome.
Capital, the Company further interprets the directives b. Reward Management, which is enriching and
into a series of the Company’s Human Capital strategy improving performance-based award.
principles. These principles function as the framework in
formulating and developing the 2026-20230 Long-Term
Human Capital Plan (RJP HC).
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PT Bank Tabungan Negara (Persero) Tbk
3. Talent and Succession Management, which is 5. Human Capital Technology and Industrial
ensuring the company having suitable talent in right Relations, which is automation in human capital
position and time. cycles to improve productivity, service, and decision-
Talent and Succession Management Pillars are making quality, and establish harmonious industrial
divided into 2 (two) key strategies, as follows: relations.
a. Talent Management, which is establishing Human Capital Technology and Industrial Relations
solid talent pool to provide qualified leadership Pillars are divided into 2 (two) key strategies, as
pathway. follows:
b. Career Path Management, which is creating a. Human Capital Technology, which is accelerating
wider and in-depth oriented professionals human capital operational automation and
through Progressive Career Pathway. establishing Decision-Making System Integrated
4. Capability and Leadership Development, which is with Artificial Intelligence (AI).
development of Critical Capability to perform the b. Leadership Development, which is maintaining
Bank’s Strategic Initiatives by Skills Improvement and a harmonious, healthy, and inclusive work
Repetitive Training. environment.
Capability and Leadership Development Pillars are
divided into 2 (two) key strategies, as follows:
a. Capability Development, which is developing
critical capability by Skills Improvement and
Renewal.
b. Leadership Development, which is developing a
firm leadership quality in all levels.
BTN’s human capital development strategies in sustaining business development and manifesting BTN as a home for
the Indonesian’s best talent that are in line with BTN’s Human Capital Framework are as follows:
Human Resources Strategy Table for 2026
Strategic Themes Initiatives
Organization Design a. Revamp BTN Organization Design to increase agility
b. Transform Retail Sales Model
Workforce Management Workforce Shifting inline with Business Strategy
Performance Management a. Strengthen Individual KPI to align with Corporate Goals
b. Optimize HCBP as Performance Activator
Reward Management Extend Self-funded Incentives
Talent Management Rejuvenate Talent Management System.
Career Path Management Reinvent Career Progression Guidelines
Capability Development Accelerate Retail Sales Capabilities through Sales Academy
Leadership Development Reinvent LDP for Talent to Transform the Bank
Employee Wellbeing & Industrial Relations Enhance Employee Wellbeing Program (BTN Sehat)
Culture & Experience Establish Digital Culture & Strengthen Sales & Service Culture
Source: Internal Bank
2025 Annual Report 591
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INFORMATION
TECHNOLOGY
In 2025, the Company established a strategic focus to become
the primary partner in empowering the financial well-being of
Indonesian families. In support of this objective, the Company
undertook continuous improvements to its Information
Technology (IT) infrastructure.
592 2025 Annual Report
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07 Information Technology
MASTER PLAN
AND INFORMATION TECHNOLOGY STRATEGY
Information Technology (IT) plays a highly significant role in supporting the Company’s business operations.
Accordingly, the Company formulated the 2025–2029 Information Technology Strategic Plan, which served as
a reference for the development of Information Technology initiatives as well as the enhancement of Information
Technology infrastructure and security. The preparation of the Company’s 2025–2029 Information Technology
Strategic Plan is supported by 5 (five) main pillars, namely:
3. Information Technology (IT) Operating Model
1. Business and Technology Vision The Company’s Information Technology (IT)
6 (six) Imperative IT themes have been established Operating Model will be updated through the
to support business strategies, including: formation of business units, the addition of human
• Agility at scale resources, and the re-organization of Information
• Future proof tech backbone Technology (IT).
• Full banking empowerment 4. Information Technology (IT) Roadmap
• Data & AI reimagined The Company’s Information Technology (IT)
• Business Resilience Ecosystem initiatives for 2025-2029 have been successfully
• Process Excellence Enablement formulated, with the primary focus in 2025 was
2. Information Technology (IT) T Architecture on funding and transactions. The Information
There are implications for Enterprise Architecture to Technology (IT) initiatives are divided into three
bridge business and technology objectives: distinct phases from 2025-2029:
• Enhancement of Digital platform • Modernize Core Platforms & Architecture
• Strengthening risk management and compliance • Unify Technology & Experience
• Process integration and automation • Deliver Full Banking at Scale
• Improvement of data quality and availability 5. Information Technology (IT) Investment Plan
• Improvement of Infrastructure and security The Information Technology (IT) investment plan
to execute IT initiatives from 2025 to 2029, with the
focus of initiatives in 2025 predominantly related to
funding, transactions, infrastructure strengthening,
and security.
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PT Bank Tabungan Negara (Persero) Tbk
The IT Strategic Plan (RSTI) was developed based on 5 (five)main pillars, ensuring alignment
with BTN’s vision and mission, the Corporate Long-Term Plan (RJPP) initiatives, the Board of
Directors’ aspirations, and the outcomes of the Joint Planning Session.
Activity
BTN RJPP 2025-2029
supported by BTN Vision, RJPP and Strategic Plan
BTN RSTI 2025-2029
Tren Industri dan Leading Practice
1 2 4 5
Technology Trends
IT Architecture Executive Interviews with Directors and Division Heads
Business &
Technology IT Roadmap IT Investment
Vision 3 Plan
Operating Model
Joint Planning Session with business units
6 Strategy to Execution
7 RSTI Annual Evaluation (2025-2029)
The following is a summary of the 5 (five) main pillars of the 2025–2029 IT Strategic Plan (RSTI), which were designed
to support the Company’s business aspirations over the next 5 (five) years:
BTN RJPP 2025-2029
BTN RSTI 2025-2029
1. Business & 3. IT Operating 5. IT Investment
2. IT Architecture 4. IT Roadmap
Technology Vision Model Plan
There were six (6) IT There were implications for BTN’s IT Operating Model A total of 46 IT initiatives An investment of IDR
Imperative themes that the Enterprise Architecture would be enhanced were successfully 5.1 trillion was required
have been established in bridging the Company’s through the following formulated for the for 46 IT initiatives from
to support the Bank’s business objectives and initiatives: 2025–2029 period, with 2025 to 2029, with the
business strategy, namely: technology strategy, • The establishment of a the primary focus in 2025 2025 initiatives primarily
1. Agility at Scale including: dedicated division for IT centered on funding focused on funding and
2. Future Proof Tech • Enhancement of digital Development; and transaction-related transaction-related
Backbone platforms • Strengthening the initiatives. The IT initiatives programs.
3. Full Banking • Strengthening of risk capabilities of IT BP, PM, were structured into three
Empowerment management and EA, and SA; distinct phases spanning
4. Data & Al Reimagined compliance • The development of 2025 to 2029:
5. Business Resilience • Process integration and several departments • Modernize Core
Ecosystem automation and units to ensure Platforms & Architecture
6. Process Excellence • Improvement of data 24/7 IT performance • Unify Technology &
Enablement quality and availability optimization; Experience
• Enhancement of • The addition of 184 FTEs. • Deliver Full Banking at
infrastructure and Scale
security
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07 Information Technology
INFORMATION TECHNOLOGY
INNOVATION
The Company is always innovating in information include: digital customer service, augmented reality
technology (IT) to assist its business. The following and video banking experiences for various banking
information technology (IT) innovations were solutions and beyond banking services, accelerated
implemented in 2025 among others: account opening processes, the use of Artificial
1. Human Capital Information System berbasis Cloud Intelligence technology, Digital Forms, The Living
An integrated system for managing the Company’s City, and so on.
employee information such as remuneration, salary, 6. BTN Laku
and so on. BTN Laku is an application developed to facilitate
2. Artificial Intelligence data management, verification, and On-The-Spot
The implementation of Artificial Intelligence, such (OTS) for Small and Medium Enterprises (SMEs) and
as the PVITA chatbot, to support the knowledge CP Sales to support the achievement of Service Level
management process related to all policies, Agreements (SLAs) and optimize the productivity of
procedures, and operational guidelines. In addition, Micro Business Loan (KUR) and KUMK products. BTN
the same platform was also optimized for the Laku was developed in stages for Micro Business
AIKO chatbot to support knowledge management Loan (KUR) and KUMK loans up to IDR500 million.
processes concerning IT operations. 7. New Branch Delivery System (NEXA)
3. Block Chain NEXA is a front-end web-based application used to
A technology utilized to support the security of serve customers at branch offices. This application is
contract document management processes, a modernization of the Branch Delivery System. The
including storing contract documents and ensuring application’s purpose is to improve the customer-
that contract documents have verifiable authenticity centric experience by offering faster service times
of substance. and system flexibility, increasing the efficiency and
4. Digital Signature effectiveness of the Bank’s operational processes,
Digital Signature for efficiency and simplification and reducing customer service processing times.
of the document signing process related to Credit The features in the New Branch Delivery System
Agreement Approval, Bank Guarantee Documents, (NEXA) include Individual Customer Onboarding
and internal memos in the Company. & Account Opening, e-Form, Dual Screen, CASA
5. BTN Digital Store Transaction, Signature Verification, and Queue
The Company’s branding for Branch Offices, Sub- Management System.
Branch Offices, or other locations with a digital 8. BTN Paylater
experience aimed to increase sales capacity and An application that provides revolving loan facilities
services oriented towards customer satisfaction. given to selected customer segments.
The features available in the BTN Digital Store
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PT Bank Tabungan Negara (Persero) Tbk
INFORMATION TECHNOLOGY
INFRASTRUCTURE
To keep pace with the evolving banking industry, the of service disruptions, and maintain system reliability
Company strives to strengthen its Information Technology in supporting banking activities.
(IT) strategy as one of the main pillars to support the 3. Enhanced IT Infrastructure Flexibility to Support
achievement of the best customer experience through Business Growth and Digital Expansion
integrated digital and financial services. This Information The Company has developed a flexible and
Technology (IT) strategy is implemented sustainably adaptive Information Technology (IT) infrastructure
through accelerated modernization of banking to support business growth and increased digital
platforms, adoption of the latest digital technologies, and activity. This development is carried out through
improvements in information governance and security. The the implementation of scalable and managed
implementation of this strategy is aimed at strengthening infrastructure, allowing system capacity to be
the core business, building a holistic banking proportion, optimally adjusted to operational needs. Furthermore,
and increasing capabilities in providing reliable, efficient, the Company gradually shifts the platform and
and innovative large-scale banking services in line with database management to more integrated services
customer needs and applicable regulations. to improve efficiency, reliability, and speed in service
delivery. This initiative enables the Company to
In 2025, the Company established a strategic focus to respond more effectively to business dynamics while
become a key partner in the financial empowerment maintaining the quality of service to customers.
of Indonesian families. To support it, the Company 4. Improved IT Operational Oversight through an
continuously improves its Information Technology (IT) Integrated Command Center
infrastructure through various strategic initiatives, including The Company has enhanced its Information
the following: Technology (IT) operational monitoring and control
1. Advanced Sustainable Core Banking Technology functions through the development of an integrated
through Infrastructure Modernization and AI Command Center. This process includes continuous
Enablement 24/7 operational monitoring, encompassing
The Company has established a roadmap to fortify application performance, infrastructure, and
its sustainable technological infrastructure. and is information security aspects. Furthermore, the
ready to face long-term developments by improving Company utilizes various analysis and monitoring
the capabilities of its Disaster Recovery infrastructure tools to gain more comprehensive visibility into
with better security and recovery facilities in line system conditions and service quality. This initiative
with industry standards, tech refreshment of its aims to increase the speed of decision-making,
Core Banking System infrastructure technology, expedite response to potential disruptions, and
and the development of AI-Powered, Knowledge- ensure a consistent customer experience.
Based IT. This initiative is aimed to ensure that the
Company’s Core System remains relevant, reliable, Following a year of significant success in 2025, the
and capable of supporting continuous services and Company has accelerated its efforts to build a
increasing the efficiency of Information Technology comprehensive, technology-first banking environment.
(IT) operational management through the use of The Company believes that the availability of reliable
artificial intelligence. and integrated information technology infrastructure
2. Strengthened IT Resilience and Service Continuity is a strategic foundation for providing optimal
through Robust Infrastructure and Disaster services, increasing added value for stakeholders, and
Recovery accelerating sustainable digital transformation.
The Company has strengthened the resilience
and availability of its Information Technology (IT)
services through the development of a reliable and
distributed infrastructure and the implementation
of planned and tested recovery mechanisms.
These efforts include strengthening the data center
architecture, conducting regular testing of service
recovery plans for critical systems, and improving
the governance of centralized and isolated data
backups. These initiatives aim to ensure the
Company’s operational continuity, minimize the risk
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07 Information Technology
INFORMATION TECHNOLOGY
GOVERNANCE
The Company maintained governance and technology that keep pace with developments to support the optimization
of business operational processes. In addition, the Company maintained adequate Information Technology (IT)
infrastructure, Information Technology (IT) security, and resources. Based on the IT Maturity Level assessment that had
been conducted, it can be conveyed that the assessment results for 24 priority controls achieved at least Capability
Level 3, as required by the State-Owned Enterprises regulatory authority, with the following details:
No Control Assessment Result
1 EDM01 - Ensured Governance Framework Setting and Maintenance 5.00
2 EDM02 – Ensured Benefit Delivery 4.00
3 APO01 – Managed I&T Management Framework 4.00
4 APO02 – Managed Strategy 4.00
5 APO03 – Managed Enterprise Architecture 4.00
6 APO05 – Managed Portfolio 4.00
7 APO06 – Managed Budget and Costs 4.00
8 APO09 – Managed Service Agreements 5.00
9 APO10 – Managed Vendors 4.00
10 APO12 – Managed Risk 4.00
11 APO13 – Managed Security 4.00
12 APO14 – Managed Data 4.00
13 BAI02 – Managed Requirements Definition 4.00
14 BAI03 – Managed Solution Identification and Build 4.00
15 BAI04 – Managed Availability and Capacity 4.00
16 BAI06 – Managed IT Changes 3.00
17 BAI07 – Managed IT Changes Acceptance and Transitioning 4.00
18 BAI09 – Managed Assets 3.00
19 BAI011 – Managed Projects 4.00
20 DSS01 – Managed Operations 3.00
21 DSS02 – Managed Service Request and Incident 4.00
22 DSS04 – Managed Continuity 4.00
23 DSS05 – Managed Security Services 4.00
24 MEA01 – Managed Performance and Conformance Monitoring 4.00
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PT Bank Tabungan Negara (Persero) Tbk
In addition to conducting IT Maturity Level assessments, Pemulihan Bencana
the Company also updates its information technology
governance, including: The Company has established policies and procedures
1. General Policy Number KU.5 concerning General to manage situations in the event of a disaster, as
Policy for Information Technology (IT), Data stipulated in the Company’s internal policies and
Management and Digital.. procedures regarding the implementation of the
2. Specific Policy Number KK.5-A concerning Specific Disaster Recovery Plan (DRP). The Disaster Recovery Plan
Policy for Information Technology (IT) Procedure. (DRP) constitutes part of the implementation of Business
3. Specific Policy Number KK.5-B concerning Specific Continuity Management (BCM), serving as a more
Policy for IT Security. technical execution that outlines planned steps for the
4. Specific Policy Number KK.5-D concerning Specific recovery of Information Technology (IT) services in order
Policy for IT Standardization. to mitigate threats to the Bank’s business operations. The
5. Specific Policy Number KK.8-C concerning Specific Disaster Recovery Plan (DRP) is developed by taking into
Policy Business Continuity Management. account the dynamics of the Information Technology
6. Specific Policy Number KK.8-E concerning Information (IT) technical architecture and related aspects, such
Technology (IT), Digital, and Cyber Risk Management as the information systems portfolio, the condition of
Procedure. the physical facilities of the Data Center (DC)/ Disaster
7. Specific Policy Number KK.8-L concerning Third Party Recovery Center (DRC), the parties directly involved in
Risk Management Procedures. the implementation of the Disaster Recovery Plan (DRP),
8. Specific Policy Number KK.5-2 concerning Placement and other relevant factors. This approach helps ensure
of Electronic Systems. that the Disaster Recovery Plan (DRP) remains aligned
9. Specific Policy Number KK.9-D concerning the with the dynamics of the Bank environment.
Governance Procedures of the Board of Directors
Committee.
10. Technical Instruction Number PT.5-A.1 regarding IT Security
Information Technology (IT) SOP.
11. Technical Instruction Number PT.8-E.1 concerning Information Technology Security
the Implementation of Information Technology (IT),
Digital, and Cyber Risk Management. Recognizing that increased digitalization brings greater
12. Technical Instructions Number PT.8-E.2 concerning security challenges, the Company has operated a
the Implementation of Risk Acceptance. dedicated IT security department since 2022 to ensure
13. Technical Instructions Number PT.8-E.3 regarding our systems remain protected under the Director of
the Implementation of IT Project Risk Assessment & Information Technology led by a Chief Information
Assurance. Security Officer (CISO) to continue strengthening digital
14. Technical Instruction Number PT.5-B.1 concerning services, information security, and customer data
the Implementation of Information Security protection, which are divided into 3 (three) main pillars,
Management Systems. namely:
15. Technical Instruction Number PT.5-B.2 regarding 1. People
Information Technology Security Baseline. Strengthening information security from the people
16. Technical Instruction Number PT.5-D.1 concerning aspect includes activities including:
Information Technology (IT) Standardization. a. Security Awareness
17. Technical Instructions Number PT.8-C.1 concerning The Company prioritizes a culture of security
the Implementation of Business Impact Analysis. by providing regular education to staff, clients,
18. Technical Instruction No. PT.8-C.2 concerning the and external partners. Various media are used
Implementation of the Business Continuity Plan. to convey security awareness to employees
19. Technical Instruction No. PT.8-C.3 concerning the such as email, instant messaging, bulletins,
Implementation of the Disaster Recovery Plan desktop wallpapers on employee work devices
periodically every month and both online and
offline socialization by management to Business
The Board of Commissioners and Directors always Units. The Company realizes that Customers are
identifies key risks related to information technology, important subjects in the Company’s business,
including disruption, cyber security, and disaster so Education to Customers must be carried out.
recovery, to ensure that these risks are managed and Security education that has been delivered is
integrated into the overall risk management framework. related to transaction security and personal data,
which is intended so that customers can transact
safely and be more alert to cybercrime to protect
and safeguard their personal information.
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07 Information Technology
Education to third parties collaborating with the a. The establishment of the Computer Security
Company is carried out routinely so that third Incident Response Team (CSIRT) in collaboration
parties also maintain the security of their company with regulators, supported by the latest
information and the Company’s data managed technology and monitoring systems in the form
by them. Socialization to customers and third of Security Incident and Event Management
parties collaborating with the Company includes (SIEM) and Centralized Log System.
email, the Company’s e-channels, websites, the b. As a manifestation of its commitment to secure
Company’s social media (Instagram, X, Facebook, and reliable technology governance, the Company
and others) and various offline or marketing has obtained ISO 27001:2022 certification for
events that are carried out. The Company always the implementation of the Information Security
improves the professionalism and competence of Management System (ISMS).
employees as customer partners through various c. Process of cyber security assessment on a
cyber security training and certifications. regular basis for network, system and data
b. Competency Development safety in accordance with regulatory provisions,
The Company participated in seminars, including:
training, and certification related to IT Security i. A cyber security assessment based on
during 2025, both to hone soft skills and hard vulnerability analysis, for example conducted
skills, including Certified Information Systems vulnerability assessment and penetration
Security Professional (CISSP), CompTia Pentest+, test to new application, development and
Training & Certified in CompTia Security+, regular application based on application
Digital Forensic Management, i System ADM & critical level which conducted by external
Control AS400, Identity & Access Administrator, independent parties that certified for
Data Security and Protection Training, Project international tester penetration standard and
Management Professional (PMP), Training & listed in Association for Indonesia Payment
Certified in Risk and Information Systems Control System (ASPI).
(CRISC), Banking Risk Management Certification ii. The Company validates its defenses through
Level 5, Cyber Defender Red Team Upskilling varied cybersecurity scenarios, ranging from
Seminar, Enhancement Asset Management strategic tabletop exercises and phishing
Tools, Training & Certified in Lead Auditor ISO simulations to real-world Adversarial Attack
27001:2022, Modernization of Core Banking Simulation Exercises (AASE). Tabletop
Servers and Supporting Devices, Personal Data Exercises are conducted periodically by the
Protection, Comprehensive AI Training Program CSIRT-BTN, which comprises several business
for Business and Technology, Secure Coding units. Tabletop exercises are scenario-based
With Gen AI, Digital Forensics, Generative Engine attack tests aimed at reviewing attack,
Optimization (GEO) in Dominating Search Engine response, and recovery scenario playbooks,
Optimization (SEO), and Microsoft Identity & covering topics including:
Access Administrator. • Phishing Email Guide
c. Organizational Development • Third Party Compromise
To bolster its cybersecurity framework, the • Remote Desktop Protocol (RDP)
Company has grown its IT Security division with • Endpoint Attack
a specialized department dedicated to Identity • Server Off
& Access Management. This demonstrates • Active Directory Modification Activity
the Company’s focus on access management • Backdoor Inside Legacy Code
to support the Bank’s services, business, and • Non-Electronic Data Leak
initiatives. To meet its workload analysis (WLA) • Data Modification
requirements, the Company added six IT Security • Extension VPN Browser
employees by 2025. • RTGS API Credential Fraud Leak
2. Process • Manipulation of Bank Indonesia RTGS
To implement good governance in accordance Payment System Transactions (BI-RTGS
with industry standards, the work process at BTN System).
is based on the latest provisions/SOPs which are iii. As part of its efforts to strengthen cyber
socialized and implemented consistently by all resilience, the Company proactively conducts
Bank stakeholders. In line with these standard work security testing through compromise
processes, BTN has implemented the following assessment scenarios to comprehensively
initiatives, including:
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PT Bank Tabungan Negara (Persero) Tbk
identify potential vulnerabilities and risks. This e. Improvement Pengamanan Email Security
step reflects the Company’s commitment to It functions to protect devices and email systems
maintaining the integrity of its information from email-based cyber attacks such as spam,
systems and ensuring readiness to face phishing, and attachments containing malicious
increasingly complex cyber threats. files.
d. To support government and regulatory programs f. Improvement of API Security
related to the eradication of online gambling It fynctions for specific security in detecting and
activities and buying and selling accounts in preventing API-based attacks.
the Company’s name, the Company conducted g. Improvement of Internet Banking Business
cyber patrols using Cyber Threat Intelligence Security
(CTI) tools. It functions to secure web-based applications
3. Technology that can improve the performance of Internet
The Company remains dedicated to the ongoing Banking Business website access via a content
evolution of its IT security framework. The 2025 delivery network.
initiatives were built directly upon the foundational h. Improvement of Database Security
enhancements established throughout 2024, It functions to limit and prevent cyber attacks
demonstrating the Company’s commitment and that exploit databases.
consistency in strengthening its strategic Information i. Implementation of Network Detection &
Technology (IT) security capabilities through Response
the implementation of a multi-layered defense It functions to strengthen monitoring and
(defense-in-depth) encompassing endpoints, response capabilities to threats on the company
applications, networks, Information Technology (IT) network, so that potential risks can be detected
infrastructure, and data. early and handled appropriately.
a. Implementation of Network Access Control j. Improvement of Privilegde Access Management
Technology (NAC) for IT devices
To manage, verify and monitor devices access to It functions to control and monitor privileged
network based on security policy, to protect data access to Information Technology (IT) devices
from unauthorized access and potential threats. and systems, so that the use of critical access
b. Improvement of Mobile Application Security remains safe, controlled, and according to needs.
It functions to protect mobile applications used k. Implementation of Centralized Log System
by customers by implementing a security by It functions to support the need for centralized
design application development process. recording and management of Information
c. Improvement of DNS Security and IP Address Technology (IT) system logs to increase
Management effectiveness in detecting and responding to
It functions to protect internal Information cyber incidents.
Technology (IT) systems that access IT l. Improvement of transactional infrastructure
resources on the internet if a site’s domain is availability and resilience
unsecured. Optimizing DNS security capabilities It functions to maintain the Company’s
is more effective when combined with IP address transactional services by implementing active-
management, allowing endpoints accessing active security infrastructure.
these IT resources to be traced. m. Improvement of Identity Threat Detection and
d. Improvement Internet Access Control dan Response (ITDR)
Proxy Outbound It functions to perform detection and mitigation
It functions to separate and identify data through the implementation of agent installation
communication towards the internet between on the authenticator system.
business transactional communication and n. Implementation of Identity & Access
back office productivity communication by Management
implementing internet access separation and It functions to improve system security and
outbound proxy implementation. prevent unauthorized access or potential security
breaches.
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o. Implementation of Sandboxing-Based Security These results indicated that the implementation
It functions to secure e-channel data uploads, of cyber resilience and security controls within the
endpoints, file exchange automation, and Company has been effectively executed and well
identification of files containing malware that managed, supported by periodic evaluations and
lead to legacy and immutable systems. continuous improvement efforts.
p. Implementation of Message Signing and HTTPS
Security on BI-Fast The Programs of the IT Security
It functions to secure the integrity and authenticity Awareness
of BI-FAST transaction messages through
message signing and maintain the confidentiality BTN implemented the IT Security Awareness Program
and security of data communications between which aims to increase awareness and understanding
systems using HTTPS. of all employees to maintain information security in the
form of personal and Company data or information.
Evaluation and Measurement Cyber Activities that have been held for 2025 are as follows:
Resilience and Security 1. Delivery by Top Management
One of strategies in pushing the creation of security
The Company conducted measurement and evaluation culture for all employees in all units of the Company,
of resilience and security control to optimize the The Company implemented an IT Security index
information security process, including: program that aimed to monitor the effectiveness of
1. Obtained ISO 27001:2022 security awareness programs carried out to mitigate
To ensure that the human resources, governance and risks related to cyber and information security. The
technology used were in accordance with industry program delivered periodically every months by
standards (International Standards Organization), Top Management to the Employee by emphasizing
The Company carried out a certification process and that maintaining information security is a very
obtained accreditation No. IS 790715.. important part for maintaining customer trust and
2. Implementation of IT Security Index BTN reputation.
To help foster a robust security culture across 2. Sosialization through Digital Platform Company’s
all business units, the Company developed an IT a. Official Website Company’s
Security Index. This metric monitors the success b. Security Awareness Podcast
of our awareness programs and ensures our risk c. Learning Management System
mitigation strategies against cyber and information d. Email Blast Security Awareness
security threats remain effective. e. Instant Messaging Blast Security Awareness
3. Achievement of Assessment under SEOJK f. Security Awareness Desktop Wallpapers
No. 29/SEOJK.03/2022 g. Screen Saver Security Awareness
The Company conducted an assessment on the h. Security Awareness Bulletin
implementation of SEOJK No. 29/SEOJK.03/2022 i. Security Awareness Understanding Survey
concerning Cyber Resilience and Security. This 3. Training and Workshop
assessment aimed to measure the level of The Company/The Bank has conducted security
compliance, the effectiveness of controls, and the awareness activity, both onsite or online, for all
cyber security risk exposure within the Company. Employees.
The assessment was conducted by an external Furthermore, the company also actively carried out the
auditor registered with the Asosiasi Sistem socialization for maintaining information security to the
Pembayaran Indonesia (ASPI). Based on the customers and third party partners through workshop
assessment results, the Company achieved a cyber and training either onsite or online, the company’s
security risk rating at Level 2, indicating that the official social media, email blast security awareness, ATM
Bank’s overall cyber security maturity is at a high and CRM machines, the Company’s e-channel (balé
level. by BTN) and convey electronic transaction awareness
information in financial inclusion activities.
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PT Bank Tabungan Negara (Persero) Tbk
Information Security Framework
In line with meeting the regulator’s priority controls, 2. Identify
the Company will strive to enhance cyber security and Identifying potential information security threats
manage cyber risk more effectively by implementing the and managing risks to assets effectively and
National Institute of Standards and Technology (NIST) comprehensively, through:
framework through identify, protect, detect, response a. The implementation of mechanisms and
and recovery. management of modern inventory tools to
1. Govern support detection and continuously update all
Building information security governance and cyber hardware and software assets owned by the
risk management to ensure strategic direction, Company.
accountability, and compliance with applicable b. The establishment and maintenance of data
regulations, through: management processes, reviewed at least once
a. Establishing management-approved in a year to ensure the data index is up-to-date
information security policies, standards, and for business needs.
guidelines and conducting periodic reviews to c. Security testing based on vulnerability analysis,
ensure compliance with business strategy, risk which are vulnerability assessment and
profiles, and applicable regulations. penetration testing, are conducted regularly to
b. Determining roles, responsibilities, and identify potential threats and ensure that security
organizational structure for information security findings are addressed in accordance with the
management, including oversight and reporting test results recommendation.
mechanisms to management and relevant 3. Protect
committees. Securing information assets and strengthening
c. Determining risk appetite and information perimeter security to reduce identified risks,
security risk tolerance, which is used as a basis including:
for decision making, risk management, and the a. Establish strict access rights management
implementation of security controls. through the Application Logic Access Control
d. Implementating an integrated cyber risk System (SKALA) for transactional applications,
management process, including identification, implementing least privileged access using
analysis, evaluation, and regular monitoring of Privileged Access Management tools, and
information security risks. applying Multi-Factor Authentication for
e. Monitoring compliance and effectiveness of centralized authentication and authorization,
information security controls, through audit, namely Active Directory.
evaluation, and reporting mechanisms to ensure b. Implementation of encryption and use of Data
implementation is in line with applicable policies Loss Prevention (DLP) to protect sensitive data
and provisions. such as Personally Identifiable Information (PII)
and Payment Card Industry (PCI).
2025 Annual Report 603
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07 Information Technology
c. Implementation of network protection c. Scenario-based security testing includes email
technologies, such as Next-Gen Firewall, Web phishing simulations and red teaming which
Application Firewall, Cloud Anti DDoS, and are done regularly to measure the readiness of
endpoint protection including anti-malware and Employees and IT personnel to face emerging
Endpoint Detection and Response technology to cyber attacks.
protect networks and devices. d. Computer Security Incident Response Team
d. Implementation of Email Security Gateway (CSIRT) establishment which is responsible for
to protect devices and email systems from handling cyber incidents and maintaining the
emailbased cyber threats, such as, spam, procedures for resolving incidents quickly and
phishing and malicious file attachment. efficiently.
e. Conduct security awareness programs regularly e. In-depth investigations through forensic
through various internal media to enhance activities to obtain the main cause or core of
security awareness among all Employees. cyber attacks.
f. Restrict and manage network access connected 6. Recovery
to the Company’s network and secure The recovery process from the impact of incidents
unauthorized devices using Network Access that occur, both in terms of operations and reputation
Control (NAC). by returning system, application and infrastructure
4. Detect functions to normal conditions after an incident
Real-time monitoring and detection of security occurs, through:
threats or incidents, including: a. Determination of policies and procedures for
a. 24/7 monitoring and analysis with Security assessing, determining the level of incidents as
Information and Event Management and Cyber well as steps for resolving security incidents, and
Threat Intelligence tools to detect potential ensuring the handling of incidents quickly and in
cyber attacks, user activity, network traffic and accordance with the impact they cause.
monitoring device logs and other Information b. Establishing and maintaining a data recovery
Technology (IT) activities which are related to process using an online and offline backup
cyber security. system to ensure the data remains protected
b. The Cyber Threat Intelligence tools is also and can be recovered if a disruption occurs,
optimized as a cyber patrol to detect violations which is part of the Business Continuity Plan and
of the Company’s brand reputation, taking down Disaster Recovery Plan.
social media that does not have permission to c. Backup and restore recovery test to ensure
use the Company’s identity, online gambling that the backup system functions properly and
content and online loans that use the Company’s the data can be recovered effectively in an
identity. emergency situation.
c. Monitoring information security compliance d. Playbook establishment for dealing with cyber
from partners or vendors providing cooperation incidents, which works as a guide and lesson for
through Third-Party Security Assessment (TPSA). dealing with similar incidents in the future.
5. Respond e. Table-top exercises for dealing with potential
Respond to incidents and manage risks quickly incidents and testing readiness in responding to
and effectively to minimize impacts and resolve security incidents that may occur.
problems, through: f. Reporting to regulators and stakeholders.
a. Do containment or blocking at endpoints that are g. Media statements preparation and publication
indicated to be the source of cyber attacks. of incidents.
b. Blocking data communications or traffic
originating from the network carrying out the
cyber attack.
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INFORMATION TECHNOLOGY
MANAGEMENT STRUCTURE
The Information Technology (IT) business unit consists c. Supporting the implementation of information
of the IT Strategic Planning Division (ITPD), the IT security; and
Development Division (ITDD), and the IT Operations d. Preparing and fulfilling Information Technology
Division (ITOD). In addition, the Company has (IT) planning and development reporting and its
established an IT Security Division (ITSD), which is fulfillment in collaboration with related units.
responsible for managing cybersecurity and resilience 3. The IT Operation Division (ITOD) has the authority
and is independent of the Information Technology (IT) and responsibility as a Division that carries out the
function. In general, the authority and responsibilities of role of “Run the Bank” as follows:
each division are as follows: a. Developing operational management strategies,
1. The IT Strategic Planning Division (ITPD) has the implementing and monitoring Information
authority and responsibility as a Division that carries Technology (IT) operations effectively and
out the role of “Plan the Bank” as follows: efficiently to maintain the level of Information
a. Planning, coordinating, evaluating, monitoring, Technology (IT) services to support business
and controlling activities related to the operations;
preparation process of 2025-2029 Information b. Anticipating risk exposure in the implementation
Technology Strategic Plan (RSTI) as well as of Information Technology (IT) operations and
managing the Information Technology (IT) developing appropriate and adequate handling
portfolio, Information Technology (IT) policies, steps;
and application development strategies c. Supporting the implementation of information
effectively and efficiently. security; and
b. Anticipating information system risk exposure d. Preparing and fulfilling Information Technology
and developing appropriate and adequate (IT) operational reporting in collaboration with
handling steps. related units
c. Supporting the implementation of information 4. The IT Security Division (ITSD) has the authority and
security; and responsibility as a Division that carries out the role of
d. Preparing and fulfilling Information Technology “Secure the Bank” as follows:
(IT) planning and development reporting and its a. Designing, implementing, and maintaining a
fulfillment in collaboration with related units. series of integrated and effective processes
2. The IT Development Division (ITDD) has the authority and systems in managing information security
and responsibility as a Division that carries out the and ensuring the confidentiality, integrity, and
role of “Change the Bank” as follows: availability of information assets by minimizing
a. Managing the process of developing applications information security risks;
to support business operations and monitoring b. Preparing and fulfilling reports related to
their implementation to meet the Company’s information security in collaboration with related
business operational needs; units.
b. Anticipating information system risk exposure
and developing appropriate and adequate
handling steps;
2025 Annual Report 605
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07 Information Technology
INFORMATION TECHNOLOGY
IMPLEMENTATION EVALUATION
Evaluation Results of the for Governance and Significant Corporate Activities of
Implementation of the Strategic IT State-Owned Enterprises Article 210 Paragraph 1 point c,
Plan (RSTI) Banks have an obligation to convey information on the
result of the effectiveness of IT implementation. Become
In accordance with the Regulation of the Minister of part of the Annual Report. In this case, the Company has
State-Owned Enterprises of the Republic of Indonesia carried out measurements in the form of a IT Maturity
Number PER-2/MBU/03/2023 concerning Guidelines Level assessment for the 2025 position using the COBIT
for Governance and Significant Corporate Activities of 2019 standard and obtained an IT Maturity Level value of
State-Owned Enterprises Article 210 Paragraph 1 point a, 4.00 on a yoy basis.
namely that the Company has an obligation to convey
information from evaluation result in the Information The position until IV quarter in 2025, Company has
Technology Strategy Plan (RSTI) 2025-2029 which has successed to increase the score IT Maturity Level based
been Annual Report (AR). In this matter, the Company on COBIT 2019 from 3,50 to 4,00 which comes from
has carried out in evaluation of the Information the 20 domains namely APO03—Managed Enterprise
Technology Strategy Plan (RSTI) 2025-2029 for the 2025 Architecture, APO04—Managed Innovation, APO05—
position by the IT Initiative Scope. Evaluation process of Managed Portfolio, APO06—Managed Budget & Costs,
the Information Technology Strategy Plan (RSTI) 2025- APO07—Managed Human Resources, APO08—Managed
2029 for the 2025 position, according to the Information Relationships, APO09—Managed Service Agreements,
Technology Strategy Plan (RSTI) document 2021-2025. APO14—Managed Data, BAI02—Managed Requirements
The progress status for the 2025 position has been Definition, BAI03—Managed Solutions Identification &
completed. Build, BAI05—Managed Organizational Change, BAI07—
Managed IT Change Acceptance and Transitioning,
BAI08—Managed Knowledge, BAI10—Managed
Evaluation Results on the Configuration, BAI11—Managed Projects, EDM01—Ensured
Effectiveness of Information IT Governance Framework Setting & Maintenance, EDM02—
Ensured Benefits Delivery, EDM04—Ensured Resource
In accordance with the Regulation of Minister of Optimization, EDM05—Ensured Stakeholder Engagement
State-Owned Enterprises of the Republic of Indonesia dan MEA04—Managed Assurance.
Number PER-2/MBU/03/2023 concerning Guidelines
INFORMATION TECHNOLOGY (IT)
OPERATIONS PERFORMANCE IN 2025
Realization of the 2025 Information Technology
(IT) Implementation Program
1. Standardization of Agile Collaboration Tools & 2. Enhancement of IT Capability, Capacity, and
DevSecOps Automation Organization
The Company has implemented the standardization The Company has realigned its Information
of agile collaboration tools to enhance team Technology (IT) organizational structure (including
consistency and collaboration, strengthened the transitional IT organization for USS) and
DevSecOps automation to improve efficiency and initiated talent fulfillment. The IT reorganization
security, and refined agile and DevSecOps processes was undertaken following the separation of the IT
to achieve greater adaptability and productivity. Strategic Planning and Development unit into two
606 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
distinct units, namely the IT Strategic Planning unit 13. Formulation of the Data and Artificial Intelligence
and the IT Development unit. This reorganization was Strategy
undertaken as part of an alignment effort with the The Company has formulated and initiated the
Information Technology Strategic Plan (RSTI). implementation of its Data and Artificial Intelligence
3. Enhancement of IT Governance Forums strategy.
The Bank has strengthened its Information 14. Development of a Transaction Monitoring
Technology (IT) governance by reinforcing Dashboard for the War Room
collaboration between the business units and IT. This The Company has developed a dashboard to
enhancement is reflected in the regular convening support transaction monitoring processes within the
of the Architecture and Innovation Governance War Room.
Board, the Portfolio and Program Governance Board, 15. Generative Artificial Intelligence Pilot
the Project Governance Forum, and the Change The Company has developed and implemented
Advisory Board. Artificial Intelligence applications, namely the PVITA
4. Technology Strategy for the Sharia Subsidiary chatbot within the PPDigital application and the AIKO
The Company has formulated a technology strategy chatbot within the iServe application.
to support the spin-off of its Sharia subsidiary. The 16. Enhancement of Data Management Capabilities
strategy has been finalized and received approval and Data Quality
from the Board of Directors at the Information The Company has implemented Metadata
Technology Steering Committee forum in the third Management and established ongoing data quality
quarter of 2025. monitoring processes..
5. Review of IT Strategy and Reinforcement Processes
6. Development of the IT Performance Monitoring Shareholder Aspiration Program in 2025
Dashboard
The Company has developed a dashboard to 1. Mobile Banking Utilization through the Grand
monitor Information Technology (IT) performance. Launching of bale Super App
7. Disaster Recovery Center (DRC) Migration The bale by BTN super app was developed to
The migration process of the Disaster Recovery enhance public brand awareness of the Company’s
Center (DRC) has been completed and is operating digital products. The platform was designed to
effectively. support customers’ financial needs digitally, while
8. Digital Branch Feature Enhancement also driving the acquisition of new customers and
The Company has enhanced its system through increasing low-cost funding.
the improvement and expansion of digital branch 2. Cyber Security Breach
features Throughout 2025, the Company successfully
9. Enhancement of Open Banking Integration and maintained Zero Incident Cyber Security Breach.
Performance Monitoring This achievement is in line with PER-2/MBU/03/2023
The Company has developed and strengthened concerning Guidelines on Governance and
its systems through the implementation of Open Significant Corporate Activities of State-Owned
Banking Integration and Performance Monitoring Enterprises, as well as Circular Letter of the Financial
capabilities. Services Authority of the Republic of Indonesia No.
10. Enhancement of Core Banking and Branch Delivery 29/SEOJK.03/2022 concerning Cyber Resilience and
System Security for Commercial Banks. In 2024, the Company
The Company has upgraded its core banking system initiated enhancements to its cyber resilience
and modernized the Branch Delivery System.. and security framework, covering the aspects of
11. Enhancement of Debit Card Capabilities within the people, process, and technology. In 2025, these
Card Management System improvements across all aspects would continue to
The Company has developed a multi-currency debit be strengthened to support the Company’s business
card to support global debit account products and services and strategic initiatives.
implemented a centralized reporting platform that
provides real-time data and activity related to debit
card transactions.
12. Enhancement of UUS BTN Capabilities
The Company has strengthened capabilities and
expanded technology integration for its Sharia
Business Unit (UUS), ensuring that the Operational
Day 1 (OD1) of BSN on December 22, 2025 was
successfully executed.
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07 Information Technology
Follow-up of Audit Result and/or IT Assessment
Assessor/Auditor Numbers Status
% Follow-up
No Assessment/Audit Year of Follow-
Completed
Internal/External up BS S T
1 IT Audit – Payment Systems 2025 External 4 0 4 0 100%
2 Assessment of IT 2025 External 20 0 20 0 100%
Implementation based on
COBIT 2019
• APO03—Managed
Enterprise Architecture
• APO04—Managed
Innovation
• APO05—Managed Portfolio
• APO06—Managed Budget
& Costs
• APO07—Managed Human
Resources
• APO08—Managed
Relationships
• APO09—Managed Service
Agreements
• APO14—Managed Data
• BAI02—Managed
Requirements Definition
• BAI03—Managed Solutions
Identification & Build
• BAI05—Managed
Organizational Change
• BAI07—Managed IT
Change Acceptance and
Transitioning
• BAI08—Managed
Knowledge
• BAI10—Managed
Configuration
• BAI11—Managed Projects
• EDM01—Ensured
Governance Framework
Setting & Maintenance
• EDM02—Ensured Benefits
Delivery
• EDM04—Ensured Resource
Optimization
• EDM05—Ensured
Stakeholder Engagement
• MEA04—Managed
Assurance
Description:
BS = Uncompleted
S = Completed
T = lated
Realization of IT Financing Plan (IT Spending Plan)
Realization of TW IV % Realization related
IT Spending 2025 Plan
in 2025 to 2025 Plan
IT CAPEX IDR1,238,255,467,164 IDR844,895,402,470 68.23%
IT OPEX IDR911,100,000,000 IDR910,111,261,308 99.89%
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INFORMATION TECHNOLOGY
WORK PLAN 2026
Information Technology (IT) development in 2026 will be carried out to support the corporate plan and the aspirations
of the Board of Directors’ General Policy in 2026 in the areas of credit and credit quality, funding, office networks, fee-
based income, and overhead expenses. The 2026 Information Technology (IT) development plan, aligned with the
2025-2029 Information Technology Strategy Plan (RSTI), is as follows:
1. Comprehensive and Sustainable Updates for EA. 10. Implementation of Remittance System.
2. Due Diligence of Information Technology (IT) Strategy 11. Middleware System Improvement.
for Insurance Subsidiaries. 12. Implementation of Paylater System and Products.
3. Enhanced Capabilities and iServe Integration. 13. Implementation of apps/web analytics.
4. Integrated Infrastructure and Cloud Operations 14. PDP Compliance Project.
Development. 15. Implementation of New Fraud Detection System.
5. Implementation of Infrastructure as a Code. 16. Implementation of the New Audit Management
6. Improving BTN Super App Capabilities for Consumers. System.
7. Improving BTN Properti Services and Infrastructure. 17. Integrated Governance, Risk, and Compliance (GRC).
8. Strategy and Implementation of Customer 18. Implementation of Asset Liability Management.
Relationship Management.
9. Implementation of Marketing Technology.
Preparation of Information Technology Strategy Plan 2026 – 2030
At the end of 2025, in line with the Letter of PT Danantara Asset Management (Persero)
Number SR.193/DI-DAM/DO/2025 dated October 29, 2025 regarding the Submission of Guidelines for the Implementation
of the Preparation of the Company’s Long-Term Plan (RJPP) for 2026-2030, it was stated that the Company needs to
readjust the period of the existing Company’s Long-Term Plan (RJPP), which directly affects changes to the period of
the existing Information Technology Strategy Plan (RSTI) document. The Company will continue to make improvements
in terms of processes, technology, governance, and organization to address the main challenges of Information
Technology (IT) services.
2025 Annual Report 609
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CORPORATE
GOVERNANCE
In 2025, BTN demonstrated significant performance growth
both in operational and financial aspects. BTN’s performance
also received recognition from external parties, as reflected
by the awards received at both national and international
levels.
610 Laporan Tahunan 2025
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Laporan Tahunan 2025 611
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08 Corporate Governance
ACHIEVEMENTS IN THE IMPLEMENTATION
OF CORPORATE GOVERNANCE
ASEAN CORPORATE GOVERNANCE SCORECARD (ACGS) Corporate Governance Perception Index 2025
BTN re-achieved the international success. In the BTN seized the 2025 Most Trusted Company in the
2025 ASEAN Corporate Governance Awards (ACGS) Corporate Governance Perception Index (CGPI)
event, BTN successfully achieved two awards predicate as the implementation form of good
simultaneously, as follows: corporate governance.
1. Top 50 ASEAN Public Listed Companies (PLCs)
2. Top 5 Indonesia Public Listed Companies (PLCs).
3: ASEAN Asset Class (PLCs)
The awards were the results of tight selection and
evaluation processes to 569 public companies
from 6 Southeast Asia countries, through the
ASEAN Corporate Governance Scorecard (ACGS)
mechanism that had been internationally
acknowledged for assessing the transparency,
accountability, and sustainability principles-based
corporate governance standards.
TOP GRC 2025
BTN once again won a prestigious award at the
2025 TOP GRC event. This award was awarded
to companies that had demonstrated strong
performance and implemented Governance, Risk, &
Compliance (GRC) in their business management. At
the 2025 TOP GRC, BTN won three awards, as follows:
1. Top GRC Awards #5 Stars
The 16th IICD Corporate Governance Conference 2. The 2025 Most Committed GRC Leader for
and Award President Director of Nixon L.P. Napitupulu
3. The 2025 High Performing Board of Commissioners
Based on the results of an independent assessment
on GRC
conducted by the Indonesian Institute for Corporate
Directorship (IICD), BTN succeeded in achieving the
Best Overall in the Mid Cap PLCs Category and the
Top 50 Issuers with Medium Market Capitalization
(MidCap PLCs).
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FUNDAMENTALS OF IMPLEMENTATION
OF CORPORATE GOVERNANCE
The implementation of Good Corporate Governance 18. OJK Regulation No. 46/POJK.03/2017 concerning
(GCG) within the Company refers to various relevant Implementation of Compliance Function of
provisions, regulations, and laws as well as GCG Commercial Banks.
guidelines issued by national and international 19. OJK Regulation No. 51/POJK.03/2017, dated
institutions. The reference basis for GCG implementation July 18, 2017, concerning the Implementation of
is as follows: Sustainable Finance for Financial Service Institutions,
1. Law of the Republic of Indonesia No. 10 of 1998 Issuers, and Public Companies.
concerning Amendments to Law No. 7 of 1992 on 20. OJK Regulation No. 32/POJK.03/2018 concerning
Banking. Legal Lending Limit and Provision of Large Funds.
2. Law of the Republic of Indonesia No. 40 of 2007 21. OJK Regulation No. 01/POJK.03/2019 concerning
concerning Limited Liability Companies. Implementation of Internal Audit Function for
3. OJK Regulation No. 17/ POJK.03/2014 concerning the Commercial Banks.
Implementation of Integrated Risk Management for 22. OJK Regulation No. 15/POJK.03/2019 concerning
Financial Conglomerates. Planning and Holding General Meetings of
4. OJK Regulation No. 18/POJK.03/2014 concerning Shareholders of Public Limited Companies.
the Implementation of Integrated Governance for 23. OJK Regulation No. 16/POJK.03/2019 concerning
Financial Conglomerates. Electronic General Meeting of Shareholders of Public
5. OJK Regulation No. 33/POJK.04/2014 concerning the Companies.
Board of Directors and Board of Commissioners of 24. OJK Regulation No. 42/POJK.03/2019 concerning
Issuer or Public Company. Transparency and Publication of Bank Reports.
6. OJK Regulation No. 34/POJK.04/2014 concerning 25. OJK Regulation No. 12/POJK.03/2020 concerning
Nomination and Remuneration Committees for Consolidation of Commercial Banks.
Issuers or Public Companies 26. OJK Regulation No. 15/POJK.04/2020 concerning
7. OJK Regulation No. 35/POJK.04/2014 concerning Planning and Holding General Meetings of
Corporate Secretaries of Issuers or Public Companies Shareholders of Public Limited Companies.
8. OJK Regulation No. 8/POJK.04/2015 concerning 27. OJK Regulation No. 17/POJK.04/2020 concerning
Websites of Issuers or Public Companies. Material Transactions and Changes in Business
9. OJK Regulation No. 21/POJK.04/2015 concerning the Activities.
Implementation of Guidelines for Public Corporate 28. OJK Regulation No. 42/POJK.04/2020 concerning
Governance. Affiliated Transactions and Conflict of Interest
10. OJK Regulation No. 31/POJK.04/2015 concerning Transactions.
Disclosure of Information or Material Facts by Issuer 29. OJK Regulation No. 11/POJK.03/2022 concerning
or Public Company. Implementation of Information Technology for
11. OJK Regulation No. 55/POJK.04/2015 concerning the Commercial Banks.
Establishment and Guidelines for Implementing the 30. OJK Regulation No. 17 of 2023 concerning
Work of the Audit Committee. Implementation of Governance for Commercial
12. OJK Regulation No. 56/POJK.04/2015 concerning Banks.
the Establishment and Guidelines for Preparing the 31. OJK Regulation No. 18 of 2023 concerning
Internal Audit Unit Charter. Implementation of Anti-Money Laundering,
13. OJK Regulation Number 60/POJK.04/2015 concerning Prevention of Terrorism Financing, and Prevention
Disclosure of Information on Certain Shareholders of Proliferation Financing of Weapons of Mass
14. OJK Regulation No. 5/POJK.03/2016 concerning Bank Destruction Programs in the Financial Services
Business Plans. Sector.
15. OJK Regulation No. 18/POJK.03/2016 concerning 32. OJK Regulation No. 2 of 2024 concerning
Implementation of Risk Management for Commercial Implementation of Governance for Sharia
Banks. Commercial Banks and Sharia Business Units.
16. OJK Regulation No. 29/POJK.03/2016 concerning 33. OJK Regulation No. 12 of 2024 concerning
Annual Reports of Issuers or Public Companies. Implementation of Anti-Fraud Strategy for Financial
17. OJK Regulation No. 11/POJK.03/2016 concerning Services Institutions.
Ownership Reports or Any Changes in Ownership of 34. OJK Regulation No. 15 of 2024 concerning Integrity of
Public Company Shares. Bank Financial Reporting.
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08 Corporate Governance
35. OJK Regulation No. 18 of 2025 concerning 44. Regulation of the Minister of State-Owned Enterprises
Transparency and Publication of Bank Reports. Number PER-3/MBU/03/2023 on March 3, 2023
36. OJK Circular Letter No. 14/SEOJK.03/2015 concerning concerning Organs and Human Resources of State-
Implementation of Integrated Risk Management for Owned Enterprises.
Financial Conglomerates. 45. The Bank's Articles of Association having been
37. OJK Circular Letter No. 15/SEOJK.03/2015 concerning amended several times, lastly amended by the Deed
Implementation of Integrated Corporate Governance of Statement of Resolutions of the Annual General
for Financial Conglomerates. Meeting of Shareholders Number 09 on December
38. OJK Circular Letter No. 32/SEOJK.04/2015 concerning 04, 2025, drawn up by Ashoya Ratam, S.H., M.Kn.,
Corporate Governance Guidelines for Public Notary in South Jakarta, and having received an
Companies. acknowledgment of notification from the Minister
39. OJK Circular Letter No. 25/SEOJK.03/2016 concerning of Law of the Republic of Indonesia based on the
Business Plans of Commercial Banks. Acknowledgment of Notification of Amendment to the
40. OJK Circular Letter No. 43/SEOJK.03/2016 concerning Articles of Association Number AHU-AH.01.03-0256621
Transparency and Publication of Conventional tanggal December 22, 2025.
Commercial Bank Reports.
41. OJK Circular Letter No. 14/SEOJK.03/2025 concerning In addition to that, the Company also adopts the best
the Implementation of Governance for Commercial governance standards regionally and internationally
Banks. applicable as best practices and improves the GCG
42. Regulation of the Minister of State-Owned implementation, including:
Enterprises Number PER-1/MBU/03/2023 on March 1. Principles of Good Corporate Governance, issued
3, 2023 concerning Special Assignments and Social by the Organization for Economic Cooperation and
and Environmental Responsibility Programs of State- Development (OECD).
Owned Enterprises. 2. ASEAN Corporate Governance Scorecard (ACGS)
43. Regulation of the Minister of State-Owned Enterprises issued by ASEAN Capital Market Forum (ACMF).
Number PER-2/MBU/03/2023 concerning Guidelines 3. Indonesian GCG Guidelines (PUGKI) developed
for Governance and Significant Corporate Activities by the National Committee on Governance Policy
of State-Owned Enterprises. (KNKG).
4. Principles for Enhancing Corporate Governance
issued by Basel Committee on Banking Supervision.
OBJECTIVES AND PRINCIPLES
OF IMPLEMENTATION OF GOVERNANCE
The Company is fully aware that the business continuity The implementation of the Company’s good corporate
of a business entity is not merely measured by financial governance principles aims to:
performance and increased profits, but also through 1. Supporting the Company's vision, which is "A
internal management of the Company, including Key Partner in the Indonesian Families Financial
the implementation of effective GCG. Thus far, the Empowerment".
Company has implemented the GCG principles with the 2. Encouraging the Company's mission, as follows:
purpose and belief that it will ensure the construction a. Being the government's key partner in housing
of comprehensive business balance so that all forms and financial inclusion.
of interest, both business and social, individuals and b. Providing the best customer experience through
groups, internal as well as external, short and long-term integrated digital and financial services.
as well as the shareholders and stakeholders interests c. Increasing shareholder value with sustainable
will reach the balance point. The implementation of profitability growth.
GCG principles is highly necessary in order to build a d. Being a home for Indonesia's best talents.
more resilient Company to be able to survive in dealing e. Implementing good corporate governance
with fiercer competition. The Company keeps striving practices and sustainable business innovation
to follow the development of the best GCG practices at for community welfare and environmental
the national, regional, and international levels that are sustainability.
relevant and certainly adapted to the needs.
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3. Providing added benefits and values for shareholders and stakeholders.
4. Maintaining and improving sound and competitive business continuity in the long term (sustainable).
5. Enhancing investors’ trust in the Company.
The GCG implementation is conducted based on the five principles that are available in Regulation of the Minister
of SOE No. PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-
Owned Enterprises, and in accordance with Indonesian GCG Guidelines (PUGKI), issued by the National Committee on
Governance Policy (KNKG), as follows:
BTN’s Corporate Governance Principles
Governance
Description Implementation in BTN
Principles
Code of Conduct The Company always prioritizes honesty, 1. The Company considers the interests of all
treats all parties with respect, fulfills stakeholders based on the principles of equality and
commitments, and consistently builds fairness (equal treatment).
and maintains moral values and trust. 2. The Company facilitates the participation of all
The Company considers the interests of stakeholders in providing input and opinions to
shareholders and other stakeholders based support the Company's interests, and ensures open
on the principles of fairness and equality access to information in accordance with the principle
and is managed independently so that each of transparency.
company organ does not dominate the other 3. Performing its business and operational activities,
and cannot be intervened by other parties. the Company always upholds the Code of Conduct.
It is demonstrated by the application of compliance
principles, supported by as follows:
a. Implementation of Gratuity control and the
implementation of anti-corruption practices and
culture;
b. Implementation of a whistleblowing system;
c. Implementation of an Anti-Bribery Management
System;
d. Implementation of an Anti-Money Laundering,
Prevention of Terrorism Financing, and Prevention
of the Financing of the Proliferation of Weapons of
Mass Destruction Program.
Transparency The Company provides accessible and 1. The Company discloses timely, adequate, clear,
understandable material and relevant accurate, and comparable, accessible information to
information to stakeholders. The Company stakeholders.
takes initiatives to disclose not only 2. The Company has disclosed relevant material and
matters required by law but also matters information to the public accurately, clearly, and
that are important for decision-making promptly, including financial reports, corporate
by shareholders, creditors, and other governance, risks, corporate actions, and sustainability
stakeholders. aspects (ESG). Transparency is achieved through
periodic reports, the General Meeting of Shareholders
(GMS), information disclosure, and official company
media to reduce misinformation, increase investor
confidence, and support fair decision-making.
3. The Company prioritizes the principle of transparency
while adhering to the provisions on corporate
confidentiality, official confidentiality, and personal
rights in accordance with applicable regulations.
Accountability The Company must be accountable for 1. The Company establishes clear duties and
its performance transparently and fairly. responsibilities for each member of the Board of
Therefore, the Corporation must be managed Commissioners and Board of Directors, as well as all
properly, measurably, and in accordance with subordinate levels, in alignment with the Company's
corporate interests, while considering the vision, mission, values, business objectives, and
interests of shareholders and stakeholders. strategy.
Accountability is a necessary prerequisite for 2. The Company establishes accountable business
achieving sustainable performance. objectives and strategies for stakeholders.
3. The Company establishes a system of checks and
balances in its management.
4. The Company measures the performance of
all Company personnel based on agreed-upon
measures consistent with the Company's cultural
values, business objectives, and strategy, and has a
rewards and punishment system.
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08 Corporate Governance
Governance
Description Implementation in BTN
Principles
Sustainability The Company complies with laws and 1. The Company has established an ESG Unit under
regulations and is committed to carrying out the Risk Management Business Unit and under
its responsibilities towards the community the supervision of the Director subordinating the
and the environment in order to contribute Risk Management Function, to coordinate the
to sustainable development through implementation of sustainability programs.
collaboration with relevant stakeholders to 2. The Company has established an ESG framework,
improve their lives that aligns with business including determining the Company sustainability
interests and the sustainable development direction related to climate change and the
agenda. achievement of the SDGs; and to oversee ESG
implementation, target achievement, and
sustainability initiatives.
3. The Company conducts a specific training program
on sustainability aspects, attended by representatives
from functions related to the Bank's business and
operations.
GCG is a facility used by the Company’s organs to Moreover, GCG is a continuous attempt to respond
improve their business success and accountability, and proportionally to the needs of the GCG implementation
to realize the shareholders’ value in the long term, while in order to achieve the goal of Moving Beyond Corporate
considering other stakeholders’ interests, in accordance Governance to True Business Value. The Company has
with the applicable laws and regulations, and business become a proud state-owned Bank and participates
ethics. The greater the risks dealt by the Company, in realizing the progress and prosperity of the nation.
the greater the needs of governance practice by the In doing so, the Company always manages every
Company. business activity professionally and adheres to the GCG
principles. To achieve the goals, the Company begins by
integrating its human capital with reliability,
COMMITMENT ON
CORPORATE GOVERNANCE IMPLEMENTATION
The Company always strengthens its commitment to The implementation of good corporate governance
implement and uphold GCG principles consistently in (GCG) is an important indicator for shareholders
the daily course of business activity, comply with all to assess the Company’s performance and believe
applicable regulations and legislation, and is always that the Company has been well-managed and is
open to improvements in accordance with best can protect the interests of all shareholders. PT Bank
practices to suit the goals, vision, and the Company’s Tabungan Negara (Persero) Tbk. as a State-Owned
mission, and create added value for the Company for Enterprise (BUMN) and also a public company, commits
Shareholders and other stakeholders. to continuously improve the implementation of good
corporate governance in order to understand the
expectations of each shareholder.
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PT Bank Tabungan Negara (Persero) Tbk
IMPLEMENTATION
OF CORPORATE GOVERNANCE
Governance Framework
Implementation of Corporate Governance can be seen from the alignment of 3 (three) aspects of the governance
system, such as governance structure, governance process, and governance outcome. The three aspects of the
governance system have been wellimplemented by the Company.
Governance Sustainability
Governance Structure Governance Process
GMS Business Process Activities
Board of Commissioners and Committees Compliance Management System
Board of Directors and Committees Risk Management and Internal Control
BTN Internal Policy Internal Audit
Strategic Planning and Performance
Information Technology
Management
Sales & Service Governance & Performance Learning
Culture Culture Risk Culture Culture Culture
Digital Cuture
Articles of Vision and Stakeholder
Commitment Code of Ethics
Association Mission Expectations
Governance
Ethics Transparency Accountability Sustainability
Principles
Governance structure is the sufficiency of the Corporate which is supported by a structured system and optimal
Governance structure and infrastructure so that the monitoring process. Then, Governance outcome is the
process of implementing Corporate Governance result of implementing adequate governance structures
principles produces outcomes that are in line with and governance processes.
the expectations of the Company’s Stakeholders. The
governance organ structure includes the Board of
Commissioners, Directors, Committees, and Company Corporate Governance Commitment
Work Units. Meanwhile, the Governance infrastructure
includes policies and procedures, management The Company is committed to continuously evaluate,
information systems, and the main tasks and functions improve, increase, and enhance GCG implementation, so
of each organizational structure. Governance process is that it is in line with developments in laws and regulations
an activity to implement governance in the Company and the latest business conditions. The Company’s GCG
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08 Corporate Governance
commitment is embedded in the Company’s vision and applies to BTNers at all levels of the organization. The
mission, core values, and business policy strategies, Code of Ethics is clearly explained in the Code of Ethics’
which are translated into the following fundamental SubHeading in the Corporate Governance Chapter.
elements of the Company’s business, as follows:
Social and Environmental Responsibility
Vision and mission The Social and Environmental Responsibility Program
The Company has a vision reflecting the objectives that (TJSL) is an activity that is the Company’s commitment
are going to be achieved, such as Key Partner in the to sustainable development. This is performed by
Indonesian Family Financial Empowerment. To achieve providing economic, social, environmental, legal, and
the objective, the Company explains into some Mission. governance benefits with more integrated, focused,
In detail, the Vision and Mission is described in the measurable impact principles and can be accountable
Company Profile Chapter. for and are part of the company’s business approach.
Specifically, Social and Environmental Responsibility
Company Core Value is detailed in the Chapter of Social and Environmental
Currently, the Company is consistently and sustainably Responsibility Program.
implementing the Core Values (AKHLAK) as the
foundation of BTN's corporate culture. This foundation is
manifested in the behavior of BTNers in performing work Governance Structure
activities, including:
1. Trust: Hold fast to the trust given The Law of Limited Liability Company No. 40 of 2007
2. Competent: Continue to learn to develop capabilities states that the Company’s Organs consist of the
3. Harmonious: Caring for each other and respecting General Meeting of Shareholders, Directors and
differences Board of Commissioners. The GMS, Directors and
4. Loyal: Dedicated and prioritizing the interests of the Board of Commissioners respect each other’s duties,
nation and state responsibilities and authorities in accordance with
5. Adaptive: Continue to innovate and be enthusiastic regulations and the Articles of Association. The
in moving or facing change Company’s organs are established to ensure that the
6. Collaborative: Build synergies implementation of corporate governance principles can
perform effectively with clear roles and responsibilities
Guidelines for the Board of Commissioners and so it creates a check and balance control mechanism.
Directors In detail, the Governance structure and mechanisms are
The Company has Guidelines for the Board of explained in the Sub-Chapter of Corporate Governance
Commissioners and Directors, containing as follows: Structure and Mechanism.
1. Organization of the company and assignment of tasks;
2. Duties, responsibilities, and authority;
3. Work ethics; Governance Process
4. Meeting arrangements;
5. Prohibition against the Board of Commissioners and Governance Process The Governance Process conducted
Directors; by the Company is by corporate organs and lower levels
6. Evaluation of the performance of the Board of Directors; in performing their functions and duties in realizing
7. Pattern of working relationship between the Board of commitment and governance structure in order to
Directors and the Board of Commissioners. achieve governance results that are in accordance with
Governance principles. The Company’s Governance
These guidelines are used as a reference for the Board Process includes as follows:
of Commissioners and Directors in performing their 1. Implementation of the General Meeting of
duties to achieve the Company’s business objectives. Shareholders (GMS)
The Guidelines for the Board of Commissioners and 2. Implementation of the Functions, Duties and
Directors are explained more clearly in the respective Responsibilities of the Board of Commissioners and
Sub-Title of the Board of Commissioners and Directors Directors
in the Chapter of Corporate Governance. 3. Improving the operational and business processes,
as follows:
Code of Ethics a. BTN had adjusted its organizational structure
The Company has drafted the Company’s Code of following the 2025 AGM, by considering the
Ethics as a guideline on business ethics, work ethics, composition and nomenclature of the Board
and BTNers’ code of conduct in implementing good of Directors, the formation of SEVPs, and new
corporate governance practices, including interacting Divisions.
with stakeholders. The Company’s Code of Ethics
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PT Bank Tabungan Negara (Persero) Tbk
b. Changes to the Digital Branch Organizational n. Disciplined implementation of Review and
Structure to support the implementation of Process Management and the loan quality
digital service development initiatives. through periodic Portfolio Quality Review (PQR)
c. Changes to the Enterprise & ESG Risk Management implementation, as well as risk model review by
Division (ERMD) Organizational Structure to an "independent" unit periodically.
support increased risk model governance o. Implementation of balance sheet risk review
capacity and capabilities. and mitigation through the development of a
d. Changes to the Internal Audit Division (IAD) Balance Sheet Optimization (BSO) model and the
organization by strengthening the audit role implementation of the Core Depositor Maximum
within the IT & Digital function. Limit (BMDI).
e. Changes to the Information Technology Directorate p. The Company implemented sustainable finance
Organizational Structure to support the 2025-2029 principles through the structured implementation
IT Strategic Planning Roadmap and Company's of the ESG Program, and, in 2025, successfully
vision, mission, and long-term plans. obtained an AA rating as a recognition of its
f. Changes to the Compliance & Governance (CMGD) commitment in the ESG implementation.
Organizational Structure to address regulatory q. The Company had officially conducted the spin-
requirements related to the implementation of off of SBU to PT Bank Syariah Nasional (BSN) on
AML, PPT, and PPPSPM, including the establishment November 18, 2025, with the assets of IDR 71.3
of a Special Work Unit (UKK) or the appointment of trillion, and it operated on December 22, 2025
an official responsible for implementing the AML, 4. Social and Environmental Responsibility
PPT, and PPPSPM programs.
g. Changes to the organizational structure of the
Corporate Banking Division (CBD) and Wholesale Governance Outcome
Transaction Division (WTD) to support the 2025-
2029 Long-Term Development Plan (RJPP) related 1. GCG Assessment (BI/OJK) based on self-assessment
to improving Transaction Banking capabilities results with a composite score of rank 2.
and supporting corporate credit target growth. 2. GCG Third Party Assessment (CGPI, ACGS, Top GRC,
h. Changes to the organizational structure of and others).
Regional Offices and Branch Offices are part of 3. The 2025 Governance Report.
the Corporate Plan initiative aimed at developing 4. Sustainable growth in financial performance.
and enhancing the capabilities of BTN's sales 5. Establishment of a sustainable integrity system.
organization.
i. Currently, BTN has implemented ICOFR, which
aims to ensure that the company's financial Improvements in Guidelines and
reports are prepared accurately, reliably, and in Governance of Preparation of Policies
accordance with applicable standards.
j. Implementation of an Anti-Fraud Strategy, The Company through decision of Board of Directors
including accelerating the handling of significant makes changes of Policy Architecture and Procedures
fraud cases through interim reporting to comply of BTN, effectively prevailing since February 2, 2022.
with regulatory requirements. It purposes to improve governance and internal
k. The Company implemented a global-standard regulations so that those will be more well-organized,
Anti-Bribery Management System through ISO not overlapping, effective, and facilitating employees in
37001:2016 Anti-Bribery Management System using the guidelines of daily operational implementation.
(SMAP) certification. By 2025, this implementation The company has developed a special policy number
encompassed 18 business units, including KK.9.A regarding Procedures for Governance of Bank
retail loan, wholesale, loan risk, loan operations, Internal Regulations with due observance of the
procurement, asset management, and branch following principles:
offices. 1. Ease and Clarity
l. Digitization of the credit process through the 2. Efficiency and Effectiveness
national implementation of a Decision Engine, 3. Aligned
digital data verification, and the implementation 4. Measurable
of a Developer Group-based CSM Cut-Off Score. 5. Dynamic
m. Implementation of a Loan Factory to create 6. Oriented to the user or the party being served
value through standardization and increased 7. Legal Compliance
service effectiveness, accelerated and efficient 8. Legal Certainty
credit process implementation, and improved
consumer credit quality.
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08 Corporate Governance
In order to strengthen governance aspects and also uses a digital platform as a means of disseminating
eliminate overlapping regulations and make it easier the latest Internal Regulations that can be accessed by
for employees to carry out daily operational activities, employees, such as by the PPDigital application. The
the Company needs to carry out transformations, one of existence of PPDigital will ease employees to obtain
which is in the form of internal regulatory transformation. information about the latest Internal Regulations and
The intended transformation of internal regulations those matters related to the work and activities of the
is realized in the form of implementing the Internal said employees.
Regulatory Architecture as follows:
BTN Group Principle Guidelines (GPG)
a. Background
The Company believes that sound growth requires
AD alignment of governance across entities within
BTN Group ecosystem. The Holding Company,
BTN plays a key role in ensuring that BTN Group
entities implement governance, risk management,
Public Policy and compliance principles in a harmonious and
integrated manner. To address this issue, BTN has
established Group Principle Guidelines, hereinafter
referred to as BTN GPG, a master framework that
Special Policy establishes a hierarchical structure of policies and
procedures in an integrated manner within BTN
Group. It is also a strategic, high-level, and long-term
(not rapid-change) guideline, and regulates the
Technical Instructions relationship between BTN as the Holding Company
and BTN's Subsidiaries.
Good In addition, BTN GPG is designed as a guideline for
Corporate Code of
Corporate officers and employees at the Holding Company and
Culture Conduct
Governance
Subsidiaries to align Group governance consistently
and in a standardized manner. The document aims
All existing Internal Regulations with old Policy and to enhance accountability, support regulatory
Procedure Architecture have been transformed into the compliance, promote efficiency and synergy,
New Policy and Procedure Architecture with the following and strengthen organizational adaptability by
details: establishing governance principles, aligning policies
and procedures, and establishing an integrated
As of December 31, 2025, the Company had a prevailing coordination, compliance, and risk management
and sufficiently documented internal policy, including 10 framework across all Group entities.
General Policies, 154 Special Policies, and 300 Technical
Instructions. Those policies were the Company’s b. Policy and Procedure Architecture Structure
operational basis in ensuring the consistency of business BTN GPG establishes the principles and direction of
activity implementation, compliance with the provisions policy management at the group level and serves as
of statutory, and the implementation of good corporate a reference for developing a hierarchical policy and
governance. procedure architecture for each entity. The policy
and procedure architecture implemented across
Additionally, the Company has also revoked existing BTN Group entities needs to be aligned to ensure
internal regulations that were invalid or not applied. In that policies and procedures are structured and
this transformation of Internal Regulations, The Company coordinated, ensuring alignment and consistency in
their implementation.
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PT Bank Tabungan Negara (Persero) Tbk
Policy and procedure hierarchy is illustrated as follows:
Group Principle Guidelines
BTN Group Principle Regulation Encompassing
Guidelines (GPG) is a Policy
strategic, high-level, long-term
(not rapid-change) guideline,
Regulation encompassing
regulating the relationship
Policy is a philosophical,
between BTN as the Holding
Company and BTN’s strategic, and long-term
Subsidiaries (not rapid-change) written
regulation that becomes
the primary rule in the
implementation of every BTN
Group Principle Guidelines Group entity activity, covering
Articles of Association philosophy/underlying
principles, policy principles, risk
management, documentation,
Articles of Association is the and monitoring. The materials
highest regulatory hierarchy of this regulation must align
functioning as the legal AD with and be in accordance
framework of establishment with BTN GPG
and the regulatory foundation KU
of the organization in every
BTN Group entity
KK
Regulation Containing
Procedure and Product
PT
Holding Company Regulation containing
Principle Foundation Subsidiary Subsidiary procedure and product is a
written regulation containing
the procedure of activity
GC
Principle Foundation is BTN G-C Val ue implementation in an entity or
ode of
Group policy and procedure, Conduct-Corporate comprising an entity’s product
consisting of Code of Conduct,
Good Corporate Governance
(GCG), and Corporate Value
principles, and uniformly
implemented in BTN Group
entities.
Improvement of Governance Regulation Certification and Surveillance of ISO 37001:2016 Anti-
In 2025, the Company has drafted and renewed the Bribery Management System
following policies, as follows: Furthermore, to maintain the ISO 37001:2016 AntiBribery
1. General Policy Number KU.6 dated December 5, Management System (SMAP) certificate in the
2022, concerning Law, Compliance, AML & CFT, and scope of ISO 37001:2016 SMAP Surveillance, the ISO
Corporate Governance as updated on December 20, 37001:2016 SMAP Certification Body has conducted a
2024. surveillance audit. On October 8-9, 2025, the Company
2. Special Policy Number KK.6-F dated August 28, 2023, successfully maintained the SMAP certification in the
concerning Good Corporate Governance Procedures scope of procurement of goods and/or services in the
as updated on June 26, 2025. Procurement and Fixed Asset Management Division
3. Special Policy Number KK.6-E on May 8, 2025, (PFAD), Commercial credit in the Commercial Banking
concerning Anti-Bribery Management System Division (CMBD Head Office), Corporate Banking
Guideline as updated on May 8, 2025. Division (CBD), Wholesales Credit Risk Division (WRD),
4. Special Policy Number KK.9-A on April 28, 2025, Commercial Banking Center (Jakarta Raya, Bekasi,
concerning Bank Internal Governance Procedures as Bandung, Bintaro Jaya), SME Restructuring (West Java
updated on April 28, 2025. Regional Office, Jakarta II Regional Office, East Java
5. Joint Decree of the Board of Commissioners Bali Nusra Regional Office, Sumatra Regional Office,
Number 01/SKPB/KOM/BTN/2025 and the Board Sulawesi Maluku Papua Regional Office, Central Java
of Directors Number SKPB-01/DIR/BTN/2025 on DIY Regional Office), and Business Banking Division
November 28, 2025 concerning the Guidelines of (BBD). In addition, the Company expanded the scope
Code of Conduct and Professionalism of the Board by adding (extend scope) ISO 37001:2016 Anti-Bribery
of Commissioners and the Directors. Management System (SMAP) in the scope of Credit
Operation Division (COD). Furthermore, the Company
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08 Corporate Governance
has conducted the extension of scope with the addition of ISO 37001:2016 Anti-Bribery Management System in the
scope of the Commercial Asset Management Division (CAMD), and the Jakarta Harmoni Branch Office. The Company
is always committed to performing continuous improvement in its application to establish a zero-corruption, collusion,
and nepotism Company in accordance with good corporate governance (GCG).
Strengthening the Implementation of OJK Guidelines and ASEAN CG SCORECARD
The improvement of the quality of governance by implementing the ASEAN CG Scorecard is performed in
accordance with the mandate of OJK Regulation No. 21/POJK.04/2015 and SEOJK No. 32/SEOJK.04/2015 as well as
international governance best practices. The issuance of a number of new OJK Regulations during 2022 has been
an aspect of compliance that is always maintained by the Company. Those are related to OJK Regulation No. 12/
POJK.03/2021 concerning Commercial Banks, OJK Regulation No. 13/POJK.03/2021 concerning the Implementation
of Commercial Bank Products, and OJK Regulation No. 14/POJK.03/2021 concerning Amendments to OJK Regulation
No. 34/POJK.03/2018 concerning Reassessment of the Main Parties of Financial Services Institutions and OJK Circular
Letter No. 16/SEOJK.04/2021 concerning the Form and Content of Annual Reports of Issuers or Public Companies.
Program Zero Tolerance To Fraud & Zero Defect
The Company has implemented fraud risk management through the implementation of 4 (four) anti-fraud strategy
pillars, namely prevention, detection, investigation, reporting sanctions and monitoring, evaluation and follow-up.
Integrated Governance, Risk and Compliance (IGRC) Implementation Initiative
The Company has developed a Governance, Risk, and Compliance 2025-2029 roadmap designed to strengthen
the organization’s ability to meet regulatory requirements, manage risks effectively, and ensure good corporate
governance. This initiative integrates governance oversight, risk management, and compliance processes to support
sustainable business growth and operational resilience. Furthermore, we outline several processes in the development
of the GRC Roadmap, as below:
a. BTN Corplan 2025-29 Highlight.
b. Diagnostic & GAP Analysis.
c. SWOT Analysis Results and Key Watchout-Strategy Design.
d. Strategic Postures & Diagnostic Result.
e. Priority Matrix of GRC Strategic Initiatives.
f. Timelines.
Corporate Plan 2025-2029
1
Gap Analysis in Risk 2
Gap Analysis in Digital Gap Analysis in ESG 4
BTN Top Risk Indicator
3
Maturity Maturity Aspects Projection 2025-2029
SWOT Analysis
Stream Analysis Diagnostic Gap Analysis Diagnostic Results
Results
Diagnostic Process
FUNDING Strategic Directions (Corplan, Business Process
RBB, Director Meeting,
Directors and/ or others) SWOT Analysis
GAP Analysis
PHASE 1:
Governance & (Result)
Gaps Beetween Organizational Structure
LENDING
External Analysis (Business Existing Conditions
Trends), Regulation, an/or and Ideal Conditions, Infrastructure, IT & Data
Internal Analysis Constraints
OPERATIONAL
or Obstacles People Capabilities Key Watch-Out &
Encountered
Best Practices / Strategy Design
RISK Benchmarking
INTERCONECTIVITY GRC Culture
Strategic Postures for GRC Roadmap
Strategic
Postures
PHASE 2:
To Support Business Growth & To Drive Resilient & Secure Operational To Ensure Competency of GRC Talent
Sustainability for Business Continuty and Strong GRC cULTURE
Implementation Plan & Execution Setup
Implementation
PHASE 3:
Implementation Plan
Plan
Initiative Charter - Strategic Initiative & Timeline Execution Setup
PMO, Tracking Tools, Empowerment & Change
Management Implementation (2025-2029)
Governance Risk Compliance
622 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The key focus and design strategies identified in the GRC Roadmap include:
1. The development of Asset & Liability Risk Management Framework & System for Profit Stability, Risk/Return
Optimization, and Capital Efficiency.
2. The Acceleration of sustainable growth through scaling up ESG initiatives by integrating environmental, social, and
governance principles into the company’s core operations, strategy, and GRC framework based on the ESG Rating
Gap.
3. Establishing Integrated Governance including Risk Management within the financial conglomerate structure to
strengthen the Company’s business ecosystem through the establishment of subsidiaries.
4. Towards Zero Manual Processes for Operational Efficiency through decision making automation, paperless and
Building Advanced Risk Management Model.
5. Boosting Operational Resilience to Support Business Growth
This roadmap positions the organization to proactively manage risk, comply with evolving regulations, and ensure a
governance structure that drives sustainable growth.
In 2025, the Company conducted GRC Roadmap initiatives, consisting of 30 initiatives, as follows:
No Initiatives Impact
1 Develop Balance Sheet Risk Management Framework NII Increase
CAR Increase
2 Control Maximum Balance Limit of Largest Deposit CoF Reduction
3 Establish swim-lane risk-based Processes through NLPC Improve quality process, Increased productivity, and
efficiency
4 Elevate the Credit Scoring Model through External Data New booking quality increase
Integration
5 Develop Digital Rating For Developer Improve Quality process & booking quality for housing
developer area
6 Digitalize RAC Exception for Consumer Loan Process New booking quality increase
7 Digitalize SLIK Exception For Kring, KAR, Top Up and KBR New booking quality increase
8 Enhance credit screening process through blacklist New booking quality increase
database
9 Optimize the Function of SPU in SME Business Processes High Yield credit increase,
New booking quality increase
10 Initiate ESG Integration: Setting the Stage for Long-Term • Attracts ESG investors & improves ESG ratings such as
Impact MSCI and sustainalytics.
• Cost Reduction & Operational Efficiency (Lowers energy,
paper, and other costs)
• Implement GRI, SASB, TCFD, IFRS reporting to strengthen
bank transparency and credibility.
• Secure government and international funding for
sustainability projects.
• Invest in renewable energy & efficiency projects,
generating carbon trading revenue.
• Qualify for green incentives & blended finance from
institutions like ADB & World Bank.
2025 Annual Report 623
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08 Corporate Governance
No Initiatives Impact
11 Build Integrated Governance & Risk Management Policy & • Improve or maintain GCG Score at min. 2
Structure as a financial Conglomeration • Minimize fraud loss & Minimize regulatory loss
• Fullfillment Compliance Checklist on POJK 17/2014 and
POJK 18/2014
12 Digitize Underwriting Process & Tools through Enhancing • Improve control and quality of lending and operation
Digital Verification processes
• Improvement of TAT and SLA processes
• Increased productivity and process efficiency
13 Develop Paperless System in all Banking Operation • Reduces paper usage and accelerates document
approval processes
• Lowers expenses related to printing, physical document
delivery, and storage.
• Ensures a well-documented record of meeting decisions,
improving governance and oversight.
14 Enhance Model Risk Management Governance, Structure, • Strengthening Enterprise Model Risk Management
and Capabilities: Establish Model Development & Validation • Enhance Model Risk Management End-to-End Business
Departments Processes
15 Initiate ESG Integration: Setting the Stage for Long-Term • Attracts ESG investors & improves ESG ratings such as
Impact MSCI and sustainalytics.
• Cost Reduction & Operational Efficiency (Lowers energy,
paper, and other costs)
• Implement GRI, SASB, TCFD, IFRS reporting to strengthen
bank transparency and credibility.
• Secure government and international funding for
sustainability projects.
• Invest in renewable energy & efficiency projects,
generating carbon trading revenue.
• Qualify for green incentives & blended finance from
institutions like ADB & World Bank.
16 Strengthen governance, capability, and capacity of digital • Reduce Potential Security Loss About Rp 4 Milliar/Year
& operational risk management regarding third party, anti (Internal Use Case History) 86 Miliar/Year-Gartner
fraud strategy, data security, resiliency, & ICoFR areas Analysis Industrial in Indonesia)
• Improve system resiliency and reliability (Improve
Customer Satisfaction, Reduce Cost Of Fund & oprisk loss
about 70 Milliar / Year.
17 Strengthen fraud detection system to prevent fraud in the Reducing nominal and frequency of fraud with faster
retail, SME, and wholesale sectors detection and prevention within onboarding credit
application process
18 Develop Regulatory Compliance System Minimize Regulatory Fines
19 Integrate Compliance Dashboard with Fraud Detection Minimize Regulatory Loss and Operational Risks (Fraud Loss)
System
20 Conduct compliance maturity assessment to evaluate and • Improvement in the implementation of compliance
improve the implementation of compliance program. functions (Improvement SLA processes)
• Improving the reputation and trust of regulators and
shareholder
• Continuous improvement according to best practices
21 Develop framework and Bank Wide Data Privacy Process Enhance BTN capability to protect Personal Data, ensure
regulatory compliance, mitigate privacy risk and build trust
with customers.
22 Develop IT Compliance management framework Improved implementation of IT compliance functions
23 Enhance the governance of AML, CFT, and PPPSPM Reduced Risk of Regulatory Loss and Sanctions
624 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No Initiatives Impact
24 Revamped Leadership Development program to Improve • Enhancing the quality of employee to align with the
Risk Awareness & Supervision Skill company's business needs (specialists).
• Enhancing the readiness level of employees with the
strong mindset of GRC to fill Mission Critical Job positions
25 Develop Onboarding Guidelines for Leaders • Faster Leadership Integration
• Stronger Governance and Risk Awareness
• Improved productivity & quality of performance
• Reduced operational risk, regulatory and ethical
violations, reduced potential fines, legal sanctions and
reputational losses
• Increased role of leaders as role models, especially in the
role of GRC
26 Develop Concept & Policy on Annual Risk Self-Assessment • Improved productivity & quality of performance
for Leaders • Reduced operational risk, regulatory and ethical
violations, reduced potential fines, legal sanctions and
reputational losses
• Increased role of leaders as role models, especially in the
role of GRC
27 Rebaseline GRC Related Technical Capabilities Tiering • Reviewed technical competencies profile & development
guidelines (Recommendations for training plans based
on tiering results)
• Measure technical competencies proficiency by BTN Best
(Managers Rating with new competency modul
28 Achieve >90% fulfilment of mandatory professional • Providing risk management certification to employees
certifications • Perform a refreshment certification that aims to improve
the competence of the holder of a risk management
certificate at least once a year after it was issued.
29 Revamp Governance & Risk Culture Program • Improved productivity & quality of performance
• Reduced operational risk, regulatory and ethical
violations, reduced potential fines, legal sanctions and
reputational losses
• Increased risk awareness
• Increased role of leaders as role models, especially in the
role of GRC
30 Rebalancing Business & Risk KPI on Business Function • Improve productivity & quality of performance
• Increase risk awareness
• Strengthening results-based performance culture
2025 Annual Report 625
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08 Corporate Governance
CORPORATE GOVERNANCE
STRUCTURE AND MECHANISM
Company Organ Structure
Republic of Indonesia Law Number 40 of 2007 on Limited Liability Companies stipulates that the Organ of the Company
consists of a General Meeting of Shareholders, the Board of Directors, and the Board of Commissioners. General Meeting
of Shareholders, the Board of Directors, and the Board of Commissioners mutually respect duties, responsibilities, and
authorities in accordance with regulations of the Article of Association. The organ of the Company is established to
assure the effective implementation of corporate governance principles with clear roles and responsibilities so as to
create a control mechanism of check and balance.
General Meeting of
Shareholders (GMS)
Board of
Board of Directors
Commissioners
Secretary
Corporate Secretary
Board of Commissioners
Eksternal Auditor
Risk Management
Audit Committee Satuan Kerja Audit Internal
Committee
Risk Monitoring Satuan Kerja Manajemen Anti-Fraud Sub-
Committee Risiko Committee
Satuan Kerja Kepatuhan Asset and Liability
(SKK) Committee (ALCO)
Remuneration and
Unit Kerja Lain Credit Committee
Nomination Committee
Credit Policy Committee
Information Technology
Steering Committee
Human Capital
Committee
Business Committee
Committee
Transformation Director
ESG Committee
Capital and Subsidiary
Committee
Integrated Risk
Management Committee
626 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Governance Soft Structure 9. General Policy Number KU.1 on September 29, 2022
concerning Loan and Bank Financing;
In terms of improving the quality and coverage of 10. General Policy Number KU.2 on December 27, 2022
the implementation of sustainable governance, concerning Treasury, Funding, and Product Delivery;
the Company drafts and applies a governance soft 11. General Policy Number KU.3 December 20, 2022
structure regulating the relationship between organs concerning Human Capital;
in the Company; hence, duties, responsibilities, and 12. General Policy Number KU.4 on December 23, 2022
authorities of each organ are clear in accordance concerning Subsidiary and Sharia Business Unit
with the provisions of applicable regulations, GCG Management;
principles, healthy business ethics, or best practices. The 13. General Policy Number KU.5 on December 23, 2022
governance soft structure of the Company is a policy concerning Information Technology, Data
structure used as framework and governance in policy Management, and Digital;
drafting as well as the implementation of the Company’s 14. General Policy Number KU.6 on December 5, 2022
activities, including: concerning Law, Compliance, AML & CFT, and
1. The Company's Articles of Association was lastly Corporate Governance;
amended based on the Deed of Statement of 15. General Policy Number KU.7 on December 30, 2022
Resolutions of the Annual General Meeting of concerning Internal Control System;
Shareholders Number 09 on December 04, 2025 16. General Policy Number KU.8 on December 23, 2023
drawn before Ashoya Ratam, SH, M.Kn., Notary in South concerning Risk Management Public Policy ;
Jakarta, and received acknowledgement from the 17. General Policy Number KU.9 on December 30, 2023
Minister of Law of the Republic of Indonesia based on concerning Operational and Supporting Function
the Acknowledgment of Amendments to the Articles Public Policy;
of Association Number AHU-AH.01.03-0256621 on 18. Special Policy No. KK.6-F on August 25, 2023
December 22, 2025. concerning Procedures of Good Corporate
2. Guidelines for the Working Relationship Pattern Governance as updated on June 26, 2025.
of the Board of Commissioners and Directors as 19. Special Policy Number KK.9-D on March 30, 2023
ratified in the Joint Agreement Letter of the Board of concerning Procedures of Committee Governance
Commissioners No. 01/SKB/KOM/BTN/2024 and the of the Directors.
Board of Directors No. SKB-01/DIR-BTN/2024. 20. Special Policy Number KK.6-A on April 25, 2022
3. Guidelines and Work Procedures of the Board of concerning Procedures of Gratification Controlling
Commissioners as ratified in the Decree of the and Technical Instruction Number PT.6-A.1 on
Board of Commissioners No. 18/KOM/BTN/2024 as an April 25, 2022 concerning Guidelines for implementing
update to the Board Manual which was the previous Gratification Controlling.
guideline and work regulations. 21. Special Policy Number KK.6-H on October 10, 2023
4. Guidelines and Manual of the Board of Directors concerning Procedures of Conflict of Interest
through Special Policy Number KK.6-G on September Management.
12, 2023 concerning Guidelines and Manual of 22. Special Policy Number KU.6 on December 5, 2022
Directors. concerning Law, Compliance, AML & CFT, and
5. Audit Committee Charter Number 19/KOM/BTN/2024 Corporate Governance.
on December 18, 2024 concerning Guidelines and 23. Special Policy Number KK.6-E on December 13,
Manual of the Audit Committee. concerning Guidelines of Anti-Bribery Management
6. Remuneration and Nomination Committee Charter System (ISO 37001:2016).
Number 20/KOM/BTN/2024 on December 18, 2024 24. Technical Instructions Number PT.6-F.1 on
concerning Guidelines and Manual of Remuneration September 15, 2023 concerning Good Corporate
and Nomination Committee of PT Bank Tabungan Governance Assessment.
Negara (Persero) Tbk. 25. The update of technical instructions Number PT.6-E.1
7. Risk Monitoring Committee Number 21/KOM/BTN/2024 on December 21, 2023 concerning Procedures for
on December 18, 2024 concerning Guidelines and implementing Anti-Bribery Management System
Manual of Risk Monitoring Committee. (ISO 37001: 2016).
8. Joint Decree of the Board of Commissioners Number 26. Technical Instructions Number PT.7-B.2 on October
01/SKPB/KOM/BTN/2024 and the Board of Directors 31, 2023 concerning Whistleblowing System
Number SKPB-01/DIR/BTN/2024 concerning the Management.
Guidelines for Code of Conduct of PT Bank Tabungan
Negara (Persero) Tbk.
2025 Annual Report 627
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08 Corporate Governance
Corporate Governance Mechanism Equal Rights for Series A Dwiwarna Shareholders and
Series B Shareholders
Shareholders 1. The right to attend, provide opinions, and vote in
the GMS based on one share; the holder is entitled
Being one of the State-Owned Enterprises under a to cast 1 (one) vote, included in the determination
public status, the Company’s largest share ownership of the remuneration and election of the Company’s
is PT Danantara Asset Management as of 60,00% that Board of Directors and Board of Commissioners.
is indirect ownership by the Republic of Indonesia as 2. The right to obtain information regarding the
the Controling Shareholder. . In addition, the Republic Company in a timely, accountably, and orderly
of Indonesia also has 1 (one) Series A Dwiwarna Share, manner unless for matters of a confidential nature.
which provides its holder special rights that are not 3. The right to receive a share of the Company’s profits
owned by other shareholders and, at the same time, intended for Shareholders in the form of dividends
as a Controlling Shareholder. Moreover, 40% of the and other profit sharing, in proportion to the number
Company’s shares are owned by the public. of shares owned.
4. The right to obtain a comprehensive explanation
Shareholders’ Rights and accurate information on the GMS procedures
requirements Perseroan with the mechanism for
The Company owns 2 (two) types of shares, namely exercising the said rights in accordance with the
Series A Dwiwarna Shares and Series B Shares, with a provisions in the Articles of Association and statutory
nominal value of IDR500.00 (five hundred rupiah) per regulations
share. Series A Dwiwarna Shareholder is the controlling 5. In the event that there is more than one type and
shareholder and has privileges with the following rights classification of shares in the Company, each
and authorities: shareholder has the right to vote according to the type,
Special Rights and Authorities of Series A Dwiwarna classification, and a number of shares owned, and
Shareholders each shareholder has the right to be treated equally
1. The right to approve in the GMS for the following based on the type and classification of shares owned.
issues: 6. The right to transfer, release rights or issue a guarantee
a. Approval for amendments to the Articles of for debts from all or most of the Company’s assets
Association. that are more than 50% of the total value of the
b. Approval for Capital changes. Company’s net assets, either in one separate or several
c. Approval for the appointment and dismissal of interconnected transactions; the Board of Directors is
members of the Board of Directors and the Board required to obtain GMS approval.
of Commissioners. 7. The right to propose the agenda for the general
d. Approval regarding merger, consolidation, meeting of shareholders including proposing
acquisition, separation, and dissolution. candidates for members of the Board of Directors
e. Approval for remuneration for members of the and/or candidates for members of the Board of
Board of Directors and Board of Commissioners. Commissioners as well as remuneration of members
f. Approval for assets transfer based on the Articles of the Board of Directors and Board of Commissioners
of Association that requires GMS approval. on condition that 1 (one) or more shareholders
g. Approval for participation and reduction in represent 1/20 (one twentieth) or more of the total
the percentage of equity participation in other number of shares issued by the Company with valid
companies based on the Articles of Association voting rights.
that requires the GMS approval.
h. Approval for the use of profits. The Company does not impose any restrictions on
i. Approval for non-operational long-term shareholders to communicate or consult with other
investment and financing based on the Articles shareholders
of Association that requires the GMS approval
2. The right to nominate candidates for members of the General Meeting of Shareholders
Board of Directors and the Board of Commissioners.
3. The right to propose the GMS agenda. Process of GMS and Voting Mechanism
4. The right to request and access Company data and
documents. Apart from the privileges of Series A The holding of the Company’s GMS refers to the Limited
Dwiwarna Shareholders, as long as the Company’s Liability Company Law and Financial Service Authority
Article of Association does not specify otherwise, Regulation (POJK)Number 15/POJK.04/2020, regarding
the Series A Dwiwarna Shareholder and the Series B the Plan and Implementation of the General Meeting of
Shareholder have the same rights . Shareholders of a Public Company and the Company’s
Articles of Association. The stages of holding the GMS
are as follows:
628 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
1 2 3
Notification of Plan for Announcement Invitation to Hold GMS
Holding GMS of the holding of the GMS via Mass Media
to Regulators No later than 14 (fourteen) No later than 21 (twenty one)
No later than 5 (five) days before the invitation days before the GMS is held,
working days before the to the GMS, without taking without taking into account the
announcement of the into account the date of the date of the invitation and the
GMS, without taking into announcement and the date date of the GMS
account the date of the GMS of the invitation.
announcement
6 5 4
GMS Minutes/Minutes Announcement of Summary
Implementation of the GMS
of GMS Minutes via Stock
No later than 30 (thirty)
days after the GMS is held Exchange Website, Issuer
Website, and e-GMS
Provider Website
No later than 2 (two) working days
after the GMS is held.
Explanations for each agenda item of the GMS have been included in the GMS invitation delivered through the
Company’s website. Voting procedures are delivered before the GMS begins. For the Authorized Shareholders or their
legal attorneys, who raise abstentions or d votes, will be requested to raise their hand and submit their vote card to
the Meeting’s officers.
To provide opportunities for individual and institutional shareholders to participate actively in using their rights as
shareholders, the Company makes announcements and summons for the GMS within their respective time periods,
at least through the Stock Exchange website, the e-GMS provider website, and the website Company website in
Indonesian and English. The Company is obliged to determine the place and time for holding the GMS. The place where
the GMS is held must be in the territory of the Republic of Indonesia, that is, it can be held in:
1. The Company’s office;
2. The Company’s business unit;
3. The provincial capital of the domicile or place of the Company’s main business activities; or
4. The province of the Stock Exchange where the Company’s shares are listed.
GMS Chairperson
The GMS is led by the Chairperson of the GMS with the following conditions:
1. The leader of the GMS is a member of the Board of Commissioners appointed by the Board of Commissioners.
2. In the event that all members of the Board of Commissioners are absent or unable to attend, the GMS shall be
chaired by a member of the Board of Directors appointed by the Board of Directors.
3. In the event that all members of the Board of Commissioners or members of the Board of Directors are absent or
unable to attend, the GMS shall be chaired by the shareholders present at the GMS appointed from and by the GMS
participants.
4. In the event that a member of the Board of Commissioners appointed by the Board of Commissioners to chair
the GMS has a conflict of interest with the agenda to be decided at the GMS, the GMS shall be chaired by another
member of the Board of Commissioners who has no conflict of interest appointed by the Board of Commissioners.
5. In the event that all members of the Board of Commissioners have a conflict of interest, the GMS shall be chaired
by a member of the Board of Directors appointed by the Board of Directors.
6. In the event that one of the members of the Board of Directors appointed by the Board of Directors to lead the GMS
has a conflict of interest on the agenda to be decided at the GMS, the GMS shall be chaired by a member of the
Board of Directors who does not have a conflict of interest.
7. In the event that all members of the Board of Directors have a conflict of interest, the GMS shall be chaired by a
noncontrolling shareholder who is elected by the majority of the other shareholders present at the GMS.
2025 Annual Report 629
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08 Corporate Governance
8. The Chairperson of the GMS has the right to request The quorum as referred to in the item above adjusts the
that those present prove their authority to attend GMS agenda as stipulated in the applicable laws and
the GMS and/or request proxy to represent the regulations and the Company’s Articles of Association.
shareholders. The proxy can be accessed through
the Company’s website in the Investor Relations - Procedures of GMS Question and Answer
GMS - Invitation section. In discussing each GMS agenda item, the Chair of the
Meeting will provide the Eligible Shareholders or their
Attendance of Shareholders and Voting at the GMS proxies with the opportunity to submit questions/
1. Shareholders who are entitled to attend the GMS opinions/suggestions in writing before voting is held and
are Shareholders whose names are registered in after discussion of the GMS agenda items.
the Company’s Shareholders’ Register as of the date
stated in the GMS announcement. Procedure to be followed:
2. Shareholders who are entitled may be represented 1. The Chairman of the Meeting will provide the Eligible
by other Shareholders or other persons based on a Shareholders or their authorized proxies with the
proxy. opportunity to ask questions, express opinions
3. In the voting process, each Shareholder is required and/ or submit suggestions. At each question and
to exercise voting rights for all shares they own, with answer session, 3 (three) Eligible Shareholders or
the provision that it is not permitted to grant power their authorized proxies will be given the opportunity
of attorney to more than one proxy for a portion of to submit written questions/opinions/ suggestions.
the shares with different votes. By considering the questions/opinions/ suggestions
4. In the voting process, Shareholders who are unable that have been submitted, the Meeting Chair can
to attend physically may still participate through limit the number of questions/opinions/suggestions
electronic facilities provided by the Company. The submitted.
electronic voting mechanism, both at the Annual 2. Only Entitled Shareholders or their authorized proxies
GMS and the Extraordinary GMS, is conducted have the right to ask questions, express opinions
securely, in real-time, and in-absentia. and/or submit suggestions.
3. Entitled Shareholders or their authorized proxies
GMS Quorum who wish to ask questions, express opinions and/
Based on Articles of Association, the quorum of or make suggestions are asked to raise their hands,
attendance and GMS resolution concerning any matters and then the Meeting officer will hand them a
that have to be decided in the Meeting is conducted question/opinion/proposal form to fill in the name of
with the following provisions, as follows: the Entitled Shareholder, number of shares. owned/
1. Attended by shareholders representing more than ½ represented and questions/opinions/suggestions
(one half) of the total shares with valid voting rights submitted. The question/opinion/suggestion form
and the decision is valid if approved by more than must be submitted to the Meeting officer to be
½ (one half) of the total shares with valid voting submitted to the Chair of the Meeting and first
rights unless the Law and/or Articles of Association validated by a Notary.
stipulates a larger quorum. 4. Every question/opinion/suggestion submitted by the
2. In the event that the quorum of attendance is not Entitled Shareholder must meet the requirements
achieved, then the second GMS is valid and has that in the opinion of the Chair of the Meeting the
the right to make binding decisions if attended by matter is directly related to the Meeting agenda item
shareholders representing at least (one third) of being discussed.
the total number of shares with valid voting rights 5. The Chairman of the Meeting will read the questions/
and the resolution is valid if approved by more than opinions/ suggestions submitted and respond to
½ (one half) of the total number of shares with voting the questions/ opinions/proposals one by one.
rights present at the meeting unless the Law and/or If necessary, the Chair of the Meeting will invite
Articles of Association stipulates a larger quorum. members of the Board of Directors or Board of
3. If the quorum of attendance at the second GMS is Commissioners of the Company or Institutions and/
not reached, the third GMS may be held provided or Supporting Professionals to answer or respond to
that the third GMS is valid and has the right to make these questions/opinions/suggestions.
decisions if attended by shareholders of shares with
valid voting rights in the quorum of attendance and
the decision-making requirements set by OJK upon
request of the Company.
630 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
6. Voting will be conducted after all questions/opinions/proposals have been answered or responded to, where only
Eligible Shareholders or their lawful proxies are entitled to cast votes.
7. Eligible Shareholders or their lawful proxies who attend electronically may only submit questions/opinions/proposals
through the chat feature in the ‘Electronic Opinions’ column available on the E-meeting Hall screen in the eASY.KSEI
application. Submission of questions/opinions/proposals can be made while [the Meeting implementation status
in the ‘General Meeting Flow Text’ column] is “Discussion started for agenda item no. [ ].
After all questions/opinions/suggestions have been answered or responded to, a vote will be held, only Entitled
Shareholders or their legal proxies have the right to vote. The minutes of the most recent AGM record that the
shareholders were given the opportunity to ask questions and the questions raised by shareholders and answers
given recorded.
Annual GMS 2025 Implementation and Realization
Stage Detail
Notification Letter Number 126/DIR/CSD/I/2025 on January 24, 2025 regarding the Delivery of the Implementing Date
and Agenda of the 2024 Annual GMS Plan of PT Bank Tabungan Negara (Persero) Tbk was sent to OJK with
a copy carbon to PT Bursa Efek Indonesia, PT Kustodian Sentral Efek Indonesia, PT Datindo Entrycom, and
the Company’s Board of Commissioners.
Announcement It was published via the e-GMS provider website, the Indonesia Stock Exchange website, and the
Company’s website on February 5, 2025 in both Bahasa Indonesia and English versions.
Invitation It was published via the e-GMS provider website, the Indonesia Stock Exchange website, (and the
Company's website) on March 4, 2025.
Implementation GMS was held on Wednesday, on March 26, 2025 at 14.45 WIB – 17.26 WIB at Gedung Menara BTN, lantai 6
Jl. Gajah Mada No. 1 Jakarta Pusat 10130.
Announcement of
It was published via the e-GMS provider website, the Indonesia Stock Exchange website, and the
Summary of GMS
Company’s website on March 27, 2025 in both Bahasa Indonesia and English versions.
Minutes
GMS Minutes Letter Number 772/CSD/CMPO/IV/2025 on April 24, 2025 regarding the Minutes of Annual General Meeting
of Shareholders was delivered to OJK on April 24, 2025.
Recapitulation of Attendance at The 2025 Annual GMS
The meeting was chaired by Mr. Chandra M. Hamzah, the President Commissioner/Independent, in accordance with
the resolutions of the Board of Commissioners Meeting on February 27, 2025, which was delivered via the letter of the
Board of Commissioners Number 36/KOM/BTN/II/2025 on February 27, 2025 regarding Nomination of the Chairperson
of the 2024 Annual General Meeting of Shareholders of PT Bank Tabungan Negara (Persero) Tbk, anmd attended by
members of the Board of Commissioners, President Director, Vice President Director, and members of the Board of
Directors as well as members of the Company’s Audit Committee, as follows:
No. Name Position Attendance
1. Chandra M. Hamzah President Commissioner/ Independent Present
2. Iqbal Latanro Vice-President Commissioner/Independent Present
3. Armand B. Arief Independent Commissioner Present
4. Sentot A. Sentausa Independent Commissioner Present
5. Bambang Widjanarko Independent Commissioner Present
6. Adi Sulistyowati Independent Commissioner Present
7. Andin Hadiyanto Commissioner Present
8. Herry Trisaputra Zuna Commissioner Present
2025 Annual Report 631
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08 Corporate Governance
No. Name Position Attendance
9. Himawan Arief Sugoto Commissioner Present
10. Nixon L.P. Napitupulu President Director Present
11. Oni Febriarto Rahardjo Vice President Director Present
12. Andi Nirwoto Director of Information Technology Present
13. Elisabeth Novie Riswanti Director of Assets Management Present
14. Jasmin Director of Distribution and Institutional Funding Present
15. Setiyo Wibowo Director of Risk Management Present
16. Hirwandi Gafar Director of Consumer Present
17. Nofry Rony Poetra Director of Finance Present
18. Eko Waluyo Director of Human Capital, Compliance, and Legal Present
19. Hakim Putratama Director of Institutional Banking Present
20. Muhammad Iqbal Director of SME and Retail Funding Present
Independent Party Counting and/or Validating Votes
The results of decision-making are calculated by PT Datindo Entrycom as Securities Administration Bureau (“BAE”) and
then validated by Notary Ashoya Ratam, S.H., M.Kn., both of whom were appointed by the Company.
Resolutions and Realization of The 2025 Annual GMS
First Agenda
Approval of the Annual Report and Ratification of the Company's Financial Statements, Approval of the Board of Commissioners'
Supervisory Task Report and Ratification of the 2024 Financial Statements of the Micro and Small Business Funding Program
(PUMK) as well as Full Settlement and Release of Responsibility (volledig acquit et de charge) to the Board of Directors for the
Company's Management Actions and the Board of Commissioners for the Company's Supervisory Actions Performed During the
2024 Fiscal Year.
In the meeting, four shareholders raised questions, opinions, and/or suggestions regarding the first agenda item of the Meeting.
As for the fourth questioner, due to the question being relevant to the second and seventh agenda items, it was answered in the
second and seventh agenda items. The summary and essence of the question-and-answer process for this agenda item were
as follows:
No. Feedback/Questions Answers
1 In the context of implementing the development of PT Bank Tabungan Thank you, we have received and, the letter of
Negara (Persero) Tbk/”BTN” to improve the Company’s performance, Minister of SOE as the shareholder of PT Bank
we hereby convey the following matters: Tabungan Negara (Persero) Tbk., has been read
1. We express our gratitude and appreciation to members of the
Board of Commissioners, Directors, and BTN Employees for:
a. Success in improving the Company’s performance as
reflected in:
1) Realization of Non-Interest Income grew at 17,6% YoY into
IDR4,6 trillion.
2) Loan disbursement increased at 7,3% YoY into IDR357,9
trillion, and Third Party Fund grew at 9,1% YoY into IDR381,7
trillion.
3) Decreasing Loan at Risk Ratio from 21,1% to 19,7%.
b. The Company’s commitment to supporting the Government
to maximize the provision of housing financing for the people,
especially for low-income communities, to achieve zero
backlog by 2045.
We hope that these achievements will continuously improve in the
future so that the Company can contribute more optimally, not only
to shareholder returns but also to the country and community.
2. Matters that require the attention of the Board of Commissioners
and Directors of BTN to improve future performance are as follows:
632 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Feedback/Questions Answers
a. To anticipate global economic conditions in 2025, which can
potentially lead to inflationary pressures and tightening of
global monetary policy, coupled with increasingly limited
fiscal space, the Company should establish a more selective
credit distribution strategy, implement sustainable credit risk
management, and optimize liquidity management;
b. The housing sector still has significant room for growth,
given the persistently high national housing backlog, the
high number of people without adequate housing, and
the extension of the government's stimulus package for
the housing sector. The Company should capitalize on this
opportunity by optimizing all existing potential to become
the Best Mortgage Bank in Southeast Asia, as envisioned;
c. The Company should strengthen its cost of funds
management strategy by striving to improve the composition
of third-party funds (DPK) by shifting from large to medium-
sized deposits and encouraging the development and
diversification of more innovative low-cost funds (CASA)
products, including by optimizing the bale by BTN digital
platform;
d. The Company is expected to encourage the increase in high-
yield products and Net Interest Income from Fee-Based and
Recovery, as well as encourage business expansion through
digital system transformation within the housing ecosystem
and the expansion of under-utilized customer segments;
e. The Company needs to focus on managing the significantly
increased interest expense and efforts to increase efficiency
with other operational costs, while maintaining a balance
between overall costs and revenues, sustainable growth,
and service delivery;
f. The Company is expected to maintain its ability to handle
non-performing loans and ensure adequate reserves to
ensure the bank's ability to deal with loans risk;
g. The Company must ensure the achievement of the State
Capital Participation (PMN) KPI target, especially for
indicators that were not achieved in 2024;
h. In connection with the increasing role of information
technology in the banking industry and the increasingly
widespread hacking and cybersecurity disruptions that
have had a significant impact on operations, finances,
and reputation, the Company is expected to strengthen its
cybersecurity, including in terms of policies, infrastructure,
operating systems, and risk mitigation;
i. To promote sustainable finance principles, the Company
must maintain its commitment to developing ESG initiatives,
including through its work programs, credit distribution,
and debt issuance based on green financing principles.
In addition, the implementation of ESG initiatives must be
aligned with the government's program focus for national
economic recovery and development;
j. The Company must remain committed to improving the
implementation of the Anti-Fraud Strategy across all its
pillars and maintain zero tolerance for all forms of fraud, both
internal and external;
k. To improve the quality, efficiency and reliability of financial
management, the Company must accelerate the
implementation of all management information systems
that support the financial reporting process;
l. Follow up on internal and external audit/auditor findings
(including management letters), optimize risk management
and implement the three lines of defense, and consistently
prioritize the principles of good corporate governance, taking
into account the provisions on Money Laundering, Prevention
of Terrorism Financing, and Prevention of the Financing of the
Proliferation of Weapons of Mass Destruction (AML & PTF and
PWMD).
Thank you for your attention and answers as well as your cooperation
2025 Annual Report 633
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08 Corporate Governance
No. Feedback/Questions Answers
2. After I examined the business in the 2024 financial statements, I a. The Bank will make interest rate changes
present the issues as follows: based on the benchmark interest rate set
a. When can BTN lower interest rates? by Bank Indonesia, or the BI Rate, which is
b. What is the difference in interests between Series A and Series B influenced by macroeconomic conditions.
investors in share capital? Why does it not simply combine without b. The Series A Dwiwarna and Series B
the Series A, B, and C variants? shareholders are regulated in the Company's
c. Explain when the president announced the write-off of delinquent articles of association. The Series A Dwiwarna
MSME debts in the fourth quarter of 2024. What was management's shares are special shares owned by the
opinion on this matter? How do customers participate in the Republic of Indonesia, which have several
program, and what registration steps are required? special rights, including the ability to approve
d. How far has the update of sharia bank acquisition been? Please amendments to the articles of association
explain to investors and changes to the management. We will
respond to further questions in writing.
c. Government Regulation 47 of 2024 regulates
MSMEs, while the Company focuses on
mortgages (KPR), so the number of loan write-
offs is small. Those eligible are approximately
under IDR 7 billion, and most of these are from
past loans. There is no registration; the bank
will announce the terms to eligible customers
in accordance with the provisions of the
Government Regulation.
d. Sharia Bank acquisition will be answered in
the following agenda of the Meeting.
3. Management only highlighted the increasing or positive figures. Management did not intend to conceal the
They did not highlight the declining figures, while the decline of IDR3.1 decline. Profit indeed declined throughout
trillion profit was not mentioned, which was a minus at 14.01% year- 2024, and we disclosed the details during the
on-year. publication of the financial statements. However,
due to time constraints, the AGM did not provide
detailed information. The profit decline was
due to rising interest rates, which resulted in an
increase in interest expense of more than IDR 3
trillion. Profit only decreased by IDR 500 billion
due to increases in fee-based income and other
interest income. Therefore, it can be concluded
that the Company has made significant
improvement efforts.
4. • When will BBTN share dividends like other SOE Banks with a payout- • The payout ratio dividend will be answered in
ratio dividend of over 50%? the second agenda.
• Due to the acquisition of Bank Victoria Syariah, will the Company • The question related to Sharia bank
have right issue and conduct an IPO to BBTN Syariah? acquisition will be answered in the following
agenda of the Meeting.
Voting Results
Agree : 10.820.418.058 (95,1015475%)
Disagree : 0 (0,0000000%)
Abstain : 557.333.769 (4,8984525%)
Resolution
1. Approving the Company’s Annual Report, including the Company’s Board of Commissioners’ Supervisory Task Report for the 2024
Fiscal Year ending on December 31, 2024.
2. Ratifying:
a. The Company's Financial Statements for the 2024 Fiscal Year ending on December 31, 2024, which have been audited by
the Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja (Ernst & Young Global Limited) in accordance with Report
Number 00046/2.1032/AU.1/07/1681-2/1/II/2025 on February 12, 2025 with a fair opinion in all material respects; and
b. Financial Statements of the Company's Micro and Small Business Funding Program (PUMK) for the 2024 Fiscal Year ending on
December 31, 2024, which has been audited by the Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja in accordance
with Report Number 00129/2.1032/AU.2/10/1681-2/1/II/2025 on February 27, 2025 with a fair opinion in all material respects.
3. Due to the approval of the Company's Annual Report including the Board of Commissioners' Supervisory Task Report, as well
as the ratification of the Company's Financial Statements and the Company's Micro and Small Business Funding Program
(PUMK) Financial Statements, which all is for the 2024 Fiscal Year ending on December 31, 2024, the GMS grants full release and
discharge (volledig acquit et de charge) to members of the Board of Directors for their management actions of the Company,
and members of the Board of Commissioners for their supervisory actions of the Company that have been performed during the
2024 Fiscal Year ending on December 31, 2024, as long as such actions do not constitute a criminal offense and are reflected in
the above report.
Status: Realized
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PT Bank Tabungan Negara (Persero) Tbk
Second Agenda
Approval on the Utilization of the Company’s Net Profit for the 2024 Fiscal Year
In the meeting, 1 (one) shareholder raised questions, opinions, and/or proposals related to the second agenda item of the Meeting.
The summary and essence of the question-and-answer process for this agenda item were as follows:
No. Feedback/Questions Answers
1 When will BBTN share a dividend like other SOE Banks with a payout- By considering the capital ratio, the amount of
ratio dividend over 50%? loan expansion that will be performed this year,
and the amount of projected profit margin, the
Company will pay a payout dividend with a ratio
of approximately 25%, which the procedures
have been read by the Director of Finance.
Voting Results
Agree : 10.856.554.455 (95,4191533%)
Disagree : 8.416.573 (0,0739740%)
Abstain : 512.780.799 (4,5068728%)
Resolution
Approving and determining the utilization of the Company's net profit for the 2024 Fiscal Year as of IDR 3,007,327,693,837.86 (Three
trillion seven billion three hundred twenty-seven million six hundred ninety three thousand eight hundred thirty-seven point eight
six Rupiah) as follows:
1. 25% (twenty-five percent) or IDR 751,831,923,459.47 (seven hundred fifty-one billion eight hundred thirty-one million nine hundred
twenty-three thousand four hundred fifty-nine point four seven rupiah) or IDR 53.57048 (fifty-three point five seven zero four eight
Rupiah) per share is determined as Cash Dividend. The payment will be made with the following provisions:
a. Dividends of the Republic of Indonesia as of IDR 451,099,154,086.39 (four hundred fifty-one billion ninety-nine million one
hundred fifty-four thousand eighty-six point three nine rupiah) will be paid to an account designated by the Minister of
State-Owned Enterprises.
b. Dividends for the 2024 Fiscal Year will be paid proportionally to each Shareholder whose name is recorded in the Shareholder
Register on the recording date.
c. The Board of Directors is granted authority and power with the right of substitution to exercise
i. Stipulation of the schedule and procedures for distribution related to dividend payments for the 2024 Fiscal Year in
accordance with the provisions of laws and regulations;
ii. Dividend tax deduction is in accordance with tax regulations;
iii. Other technical matters in accordance with the provisions of laws and regulations
2. 75% (seventy-five percent) or IDR 2,255,495,770,378.40 (two trillion two hundred fifty-five billion four hundred ninety-five million
seven hundred seventy thousand three hundred seventy-eight point four zero Rupiah) is used as the Retained Earnings balance.
Status: Realized
Third Agenda
Stipulation of Salary/Honorarium, including Facilities and Allowances for the 2025 Fiscal Year, as well as Tantiem/Performance
Incentives/Special Incentives for Performance for the 2024 Fiscal Year, for the Company's Board of Directors and Board of
Commissioners.
There were no questions, opinions and/or proposals submitted in the discussion of the third agenda item of the Meeting.
Voting Results
Agree : 10,516,503,725 (92.4304193%)
Disagree : 3348,461,202 (3.0626552%)
Abstain : 512,786,799 (4.5069255%)
Resolution
1. Approving the granting of authority and power to the Series A Dwiwarna Shareholders to determine for Members of the Board of
Commissioners:
a. Tantiem/Performance Incentives/Special Incentives for the 2024 Fiscal Year in accordance with the provisions; and
b. Honorarium including Facilities and Allowances for the 2025 Fiscal Year.
2. Approving the granting of power and authority to the Board of Commissioners by first obtaining written approval from the Series
A Dwiwarna Shareholders to determine for Members of the Board of Directors:
a. Bonus/Performance Incentive/Special Incentive for the 2024 Fiscal Year in accordance with the provisions; and
b. Salary including Facilities and Allowances for the 2025 Fiscal Year.
Status: Realized
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08 Corporate Governance
Fourth Agenda
Nomination Public Accountant (AP) and/or a Public Accounting Firm (KAP) to Audit the Company's Financial Statements and the
Micro and Small Business Funding Program (PUMK) Financial Statements for the 2025 Fiscal Year.
In the meeting, a shareholder raised questions, opinions, and/or proposals related to the fourth agenda item of the Meeting. The
summary and essence of the question-and-answer process for this agenda item were as follows:
No. Feedback/Questions Answers
1 Could you explain in detail the criteria used by the Board of In general, the Company has criteria that the
Commissioners for the nomination of KAP for the 2025 fiscal year? Public Accounting Firm must be independent.
The Company has sought to appoint a reputable
and trustworthy public accounting firm within
the Big 4 group. The criteria for nominating a
public accounting firm refer to the Regulations
of the Ministry of State-Owned Enterprises, the
Ministry of Finance, and other regulations. The
lead auditor and members of the auditors must
not have conducted audits for the Company for
more than five consecutive years.
Voting Results
Agree : 10,846,930,736 (95.4927731%)
Disagree : 28,092 (0.0002469%)
Abstain : 512,792,999 (4.5069800%)
Resolution
1. Approving the nomination of a Public Accountant at the Public Accounting Firm Purwantono, Sungkoro, & Surja (Ernst & Young
Global Limited) that will audit the Company's Financial Statements and the Company's Micro and Small Business Funding
Program (PUMK) Financial Statements, as well as other reports for the 2025 Fiscal Year.
2. Approving the granting of authority and power to the Company's Board of Commissioners to exercise:
a. Appointment of a Public Accountant and/or Public Accounting Firm to conduct an audit of the Company's Financial
Statements for other periods in the 2025 Fiscal Year for the Company’s purposes and interests; and
b. Stipulation of audit service fees and other requirements for the Public Accountant and/or Public Accounting Firm, and
nominating a substitute of Public Accountant and/or Public Accounting Firm in case the said Public Accounting Firm
Purwantono, Sungkoro & Surja (Ernst & Young Global Limited), for any reason whatsoever, is unable to complete the provision
of audit services for the Company's Financial Statements for the 2025 Fiscal Year and/or other periods in the 2025 Fiscal Year,
as well as the Company's Micro and Small Enterprise Funding Program (PUMK) Financial Statements for the 2025 Fiscal Year,
including determining the audit service fees and other requirements for the substitute of Public Accountant and/or Public
Accounting Firm.
Status: Realized
Fifth Agenda
Approving the Proposal of Total Write-Off Limit.
There were no questions, opinions and/or proposals raised in the discussion of the fifth agenda item of the Meeting.
Voting Results
Agree : 10,033,342,619 (88.1838765%)
Disagree : 831,628,280 (7.3092496%)
Abstain : 512,780,928 (4.5068739%)
Resolution
Approving the write-off limit for the Company’s non-performing loans that have been written off as of IDR318,000,000,000 ,- (Three
hundred and eighteen billion rupiah) with the following provisions:
a. The principal of non-performing loans has been written off, both before and after the resolution of this GMS;
b. The write-off limit shall prevail until a new limit is determined by the GMS;
c. The write-off is performed based on the Company's Articles of Association, and the implementation is in accordance with the
applicable Policies and Procedures in the Company, considering the provisions of laws and regulations.
Status: Realized
636 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Sixth Agenda
Approving the Restructuring Plan for the Expansion of the Company's Sharia Business Ventures.
In the meeting, one shareholder raised questions, opinions, and/or proposals related to the sixth agenda item of the Meeting. The
summary and essence of the question-and-answer process for this agenda item were as follows:
No. Feedback/Questions Answers
1 Updates regarding Sharia acquisitions According to the OJK Regulation, the Company's
SBU assets have exceeded IDR 50 trillion, requiring
a maximum of two years to conduct a spin-off,
no later than November 2025. The Company is
currently preparing for a prospective acquired
company. Once the acquisition is effective, the
spin-off process from the SBU to the acquired
company will be implemented in October 2025.
The spin-off will require a resolution at the GMS,
as it is a corporate action.
Voting Results
Agree : 10,323,850,007 (90.7371699%)
Disagree : 541,121,021 (4.7559573%)
Abstain : 512,780,799 (4.5068728%)
Resolution
Granting power and authority to the Minister of State-Owned Enterprises as the Holder of Series A Dwiwarna Shares by first
obtaining approval from the President of the Republic of Indonesia, to approve the restructuring plan submitted by the Company
in the context of expanding the Company's sharia business ventures, and the implementation is exercised in accordance with the
provisions of laws and regulations.
Status: Realized
Seventh Agenda
Approving the Shares Acquisition of PT Bank Victoria Syariah by the Company.
There were no questions, opinions and/or proposals raised in the discussion of the seventh agenda item of the Meeting.
Voting Results
Agree : 9,943,113,399 (87.3908444%)
Disagree : 921,856,729 (8.1022749%)
Abstain : 512,781,699 (4.5068807%)
Resolution
1. Approving the Company's action to acquire shares in PT Bank Victoria Syariah;
2. Approving the plan to acquire shares of PT Bank Victoria Syariah, as per the Summary of the Acquisition Plan that has been
announced by the Company;
3. Approving the concept of the Deed of Acquisition as per the GMS material;
4. Approving the delegation of power and authority to the Company's Board of Directors to carry out all and any actions required
or deemed necessary in the context of implementing the takeover of PT Bank Victoria Syariah shares in accordance with the
resolution of the GMS, including but not limited to:
a. Determine the terms and conditions of the acquisition;
b. Prepare, compile, make, request to make, and/or sign the necessary documents, including the Deed of Acquisition;
c. Submit applications, approvals and/or notifications regarding GMS resolutions to the authorized agency;
d. Restate the GMS resolution in a Notarial Deed;
by considering the provisions of laws and regulations.
Status: Realized
2025 Annual Report 637
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08 Corporate Governance
Eighth Agenda
Approving Changes to the Company's Articles of Association
There were no questions, opinions and/or proposals raised in the discussion of the eighth agenda item of the Meeting.
Voting Results
Agree : 9,898,159,703 (86.9957427%)
Disagree : 966,811,196 (8.49738334%)
Abstain : 512,780,928 (4.5068739%)
Resolution
1. Approving changes to the Company's Articles of Association in order to comply with Financial Services Authority (OJK) Regulation
Number 17 of 2023 concerning the Implementation of Governance for Commercial Banks;
2. Approving to re-arrange provisions in the Company's Articles of Association in connection with the changes as referred to in
point 1 (one) above, wherein the attachment of the entire articles of association is enclosed to the minutes of the notarial deed.
3. Granting power and authority to the Board of Directors with the right of substitution to exercise any necessary actions related to
the resolutions of the Meeting, including but not limited to compiling and restating all of the Company's Articles of Association
in a Notarial Deed, adjusting changes to the Company's Articles of Association if this is required by the authorized agency, and
submitting it to the authorized agency to obtain approval and/or acknowledgment of notification of changes to the Company's
Articles of Association, as well as exercising everything deemed necessary and useful for this purpose, nothing excluded.
Status: Realized
Ninth Agenda
Changes to the Company's Management Composition
There were no questions, opinions and/or proposals raised in the discussion of the ninth agenda item of the Meeting.
Voting Results
Agree : 9,800,863,303 (86.1405966%)
Disagree : 1,064,107,596 (9.3525295%)
Abstain : 512,780,928 (4.5068739%)
Resolution
1. Confirming the honorable dismissal of the following names as members of the Company's Board of Directors:
1) Mr. Hakim Putratama – as Director of Operations and Customer Experience;
2) Mr. Muhammad Iqbal – as Director of SME and Retail Funding;
respectively nominated based on the Resolution of the 2019 EGMS on November 27, 2019, and the Resolution of the 2023 EGMS
on January 11, 2023, respectively effective from August 12, 2023 and March 4, 2024, with gratitude for the contribution of energy
and thoughts given during their term of office as members of the Company's Board of Commissioners.
2. Honorably dismissing the following names as the Company’s Management:
1) Ms. Elisabeth Novie Riswanti – as Director of Assets Management;
2) Mr. Jasmin – as Director of Distribution and Institutional Funding;
3) Mr. Andi Nirwoto – as Director of Information Technology;
4) Mr. Chandra M. Hamzah – as President Commissioner/Independent;
5) Mr. Iqbal Latanro – as Vice President Commissioner/Independent;
6) Mr. Andin Hadiyanto – as Commissioner;
7) Mr. Herry Trisaputra Zuna – as Commissioner;
8) Mr. Bambang Widjanarko – as Independent Commissioner;
9) Mr. Armand B. Arief – as Independent Commissioner;
10) Mrs. Adi Sulistyowati – as Independent Commissioner;
11) Mr. Himawan Arief Sugoto – as Commissioner;
12) Mr. Sentot A. Sentausa – as Independent Commissioner;
respectively nominated based on the Resolutions of the 2019 Extraordinary General Meeting of Shareholders on August 29,
2019 in conjunction with the 2019 Extraordinary General Meeting of Shareholders on November 27, 2019 in conjunction with
GMS for the 2020 Fiscal on March 10, 2021 in conjunction with GMS for the 2021 Fiscal Year on March 2, 2022, the Resolutions
of the 2019 Extraordinary General Meeting of Shareholders on November 27, 2019 in conjunction with GMS for the 2021 Fiscal
Year on March 2, 2022, the Resolutions of the 2019 Extraordinary General Meeting of Shareholders on November 27, 2019 in
conjunction with GMS for the 2020 Fiscal Year on March 10, 2021, in conjunction with GMS for the 2020 Fiscal Year on March 10,
2021, and the Resolutions of the 2019 EGMS on November 27, 2019, effective from the closing of the GMS, with gratitude for the
contribution of energy and thoughts given during their term of office as a member of the Company's Management.
638 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. Changing the nomenclature of positions of members of the Company's Board of Directors as follows:
No Previously Now
1) Director of Operations and Customer Experience Director of Operations
2) Director of Consumer Director of Consumer Banking
3) Director of SME and Retail Funding Director of Network & Retail Funding
4) Director of Distribution and Institutional Funding Director of Corporate Banking
5) Director of Finance Director of Finance & Strategy
6) Director of Human Capital, Compliance, & Legal Director of Human Capital & Compliance
7) Director of Asset Management -
8) - Director of Commercial Banking
9) - Director of Treasury & International Banking
4. Assigning the duties to the following names as members of the Company's Board of Directors:
No Name Previously Now
1) Hirwandi Gafar Director of Consumer Director of Consumer Banking
2) Nofry Rony Poetra Director of Finance Director of Finance & Strategy
3) Eko Waluyo Director of Human Capital, Compliance, & Legal Director of Human Capital & Compliance
Respectively nominated based on the Resolutions of the Annual GMS for the 2023 Fiscal Year on March 6, 2024, the Resolutions of
the Annual GMS for the 2020 Fiscal Year on March 10, 2021 in conjunction with the Resolutions of the Annual GMS for the 2021 Fiscal
Year on 2, 2022, with the term of office continuing the remaining of respective term of office in accordance with the Resolutions
of the GMS for the nomination of the related person.
5. Nominating the following name as the Company's Management:
1) Mr. I Nyoman Sugiri Yasa – as Director of Operations;
2) Mrs. Venda Yuniarti – as Director of Treasury & International Banking;
3) Mr. Rully Setiawan – as Director of Network & Retail Funding;
4) Mr. Helmy Afrisa Nugroho – as Director of Corporate Banking;
5) Mrs. Hermita – as Director of Commercial Banking;
6) Mr. Tan Jacky Chen – as Director of Information Technology;
7) Mr. Suryo Utomo – as President Commissioner
8) Mr. Dwi Ary Purnomo – as Vice President Commissioner;
9) Mrs. Ida Nuryanti – as Independent Commissioner;
10) Mr. Fahri Hamzah – as Commissioner;
11) Mr. Pietra Machreza Paloh – as Independent Commissioner;
12) Mr. Panangian Simanungkalit – as Independent Commissioner.
6. The term of office of members of the Board of Directors and Board of Commissioners nominated as referred to in point 5, is in
accordance with the provisions of the Company's Articles of Association, considering the laws and regulations in the Capital
Market sector, and notwithstanding the right of the GMS to dismiss at any time.
7. Due to the confirmation of the dismissal, termination, change in the nomenclature of positions, assignment of duties, and
nomination of the Company's Management as referred to in number 1, number 2, number 3, number 4, and number 5, the
composition of the Company's Management is as follows:
a. Board of Directors
1) President Director : Nixon L.P. Napitupulu
2) Vice President Director : Oni Febriarto Rahardjo
3) Director of Operations : I Nyoman Sugiriyasa
4) Director of Treasury & International Banking : Venda Yuniarti
5) Director of Consumer Banking : Hirwandi Gafar
6) Director of Network & Retail Funding : Rully Setiawan
7) Director of Corporate Banking : Helmy Afrisa Nugroho
8) Director of Commercial Banking : Hermita
9) Director of Finance & Strategy : Nofry Rony Poetra
10) Director of Information Technology : Tan Jacky Chen
11) Director of Risk Management : Setiyo Wibowo
12) Director of Human Capital & Compliance : Eko Waluyo
b. Board of Commissioners
1) President Commissioner : Suryo Utomo
2) Vice President Commissioner : Dwi Ary Purnomo
3) Independent Commissioner : Ida Nuryanti
4) Commissioner : Fahri Hamzah
5) Independent Commissioner : Pietra Machreza Paloh
6) Independent Commissioner : Panangian Simanungkalit
8. Requesting the Board of Directors to submit a written application to the Financial Services Authority for the implementation of a
Fit & Proper Test for the nominated members of the Board of Directors and Board of Commissioners as referred to in point 5 by
observing the applicable provisions.
9. The nominated members of the Board of Directors and Board of Commissioners as referred to in point 5, who are still holding
other positions, are prohibited by statutory from holding concurrent positions as members of the Board of Directors and Board of
Commissioners of State-Owned Enterprises, so the related person must resign or be dismissed from his/her position.
10. Granting power of attorney with the right of substitution to the Company's Board of Directors to state the resolutions of this GMS
in a Notarial Deed and to appear before a Notary or authorized official, and to make necessary adjustments or corrections if
required by the authorized party for the purposes of implementing the contents of the meeting's resolutions.
Status: Realized
2025 Annual Report 639
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08 Corporate Governance
Implementation of The 2025 Extraordinary General Meeting of Shareholders and Realization
Stages Description
Notification Letter Number 1665/DIR/CSD/X/2025 dated October 3, 2025 regarding the Submission of the Proposed
Date of Implementation and Agenda of the Extraordinary General Meeting of Shareholders of PT Bank
Tabungan Negara (Persero) Tbk in relation to the Spin-Off of the Sharia Business Unit (UUS) was submitted
to the Financial Services Authority (OJK), with copies to PT Bursa Efek Indonesia, PT Kustodian Sentral Efek
Indonesia, PT Datindo Entrycom, and the Board of Commissioners of the Company.
Announcement Published through the e-GMS provider’s website, the Indonesia Stock Exchange website, and the
Company’s website on October 10, 2025 in Indonesian and English.
Invitation Published through the e-GMS provider’s website, the Indonesia Stock Exchange website, and the
Company’s website on October 27, 2025.
The Amendment to the Invitation was published through the e-GMS provider’s website, the Indonesia
Stock Exchange website, and the Company’s website on November 13, 2025.
Implementation The EGMS was held on Tuesday, November 18, 2025 from 09:25 Western Indonesia Time to 10:02 Western
Indonesia Time at Menara BTN Building, 6th Floor, Jl. Gajah Mada No. 1, Central Jakarta 10130.
Announcement of the Published through the e-GMS provider’s website, the Indonesia Stock Exchange website, and the
Summary of Minutes of Company’s website on November 18, 2025 in Indonesian and English.
Meeting
Minutes of Meeting Letter Number 2591/CSD/CMPO/XII/2025 dated December 12, 2025 regarding the Minutes of the
Extraordinary General Meeting of Shareholders was submitted to the Financial Services Authority (OJK)
on December 12, 2025.
Recapitulation of Attendance at The 2025 Extraordinary GMS
The Meeting was chaired by Mr. Suryo Utomo, in his capacity as President Commissioner, in accordance with the
resolution of the Board of Commissioners Meeting dated November 5, 2025, as conveyed through the Company’s
Board of Commissioners Letter No. 155/KOM/BTN/XI/2025 dated November 5, 2025, concerning the Appointment of the
Chairperson of the Extraordinary General Meeting of Shareholders in relation to the Spin-off of the Sharia Business Unit
of PT Bank Tabungan Negara (Persero) Tbk, and was attended by all members of the Board of Commissioners and the
Board of Directors, as follows:
No. Name Position Attendance
1. Suryo Utomo President Commissioner Present
2. Dwi Ary Purnomo Vice-President Commissioner Present
3. Panangian Simanungkalit Independent Commissioner Present
4. Pietra Machreza Paloh Independent Commissioner Present
5. Ida Nuryanti Independent Commissioner Present
6. Fahri Hamzah* Commissioner Present
7. Nixon L.P. Napitupulu President Director Present
8. Oni Febriarto Rahardjo Vice President Director Present
9. Setiyo Wibowo Director of Risk Management Present
10. Hirwandi Gafar Director of Consumer Banking Present
11. Nofry Rony Poetra Director of Finance & Strategy Present
12. Eko Waluyo Director of Human Capital & Compliance Present
13. Rully Setiawan Director of Network & Retail Funding Present
14. I Nyoman Sugiri Yasa Director of Operations Present
15. Hermita Director of Commercial Banking Present
16. Venda Yuniarti Director of Treasury & International Banking Present
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PT Bank Tabungan Negara (Persero) Tbk
No. Name Position Attendance
17. Tan Jacky Chen Director of Information Technology Present
18. Helmy Afrisa Nugroho* Director of Corporate Banking Present
*) Appointed as members of the Board of Commissioners and the Board of Directors of the Company Tbk based on the resolution of the Company’s Annual
General Meeting of Shareholders dated March 26, 2025, and effective upon obtaining approval of the fit and proper test from the OJK.
Independent Party Counting and/or Validating Votes
The results of decision-making are calculated by PT Datindo Entrycom as Securities Administration Bureau (“BAE”) and
then validated by Notary Ashoya Ratam, S.H., M.Kn(.), both of whom were appointed by the Company.
Resolutions and Realization of The 2025 Annual GMS
First Agenda
Approval of the Spin-off of the Company’s Sharia Business Unit to PT Bank Syariah Nasional.
here was 1 (one) shareholder who submitted questions, opinions, and/or proposals in relation to the First Agenda of the Meeting.
The summary and essence of the question-and-answer session for this Agenda are as follows:
No. Questions/Responses Answers
1 a. Considering the complexity and cost of the spin-off, what specific First, this spin-off constitutes a mandate of
strategies will be implemented by PT Bank Syariah Nasional prevailing laws and regulations that must
to compete and grow in a market dominated by established be complied with. As the assets of the Sharia
competitors, and what concrete steps will be taken to ensure that Business Unit have exceeded IDR 50 trillion,
this process enhances long-term value for BBTN shareholders, thereby meeting the threshold of total asset
rather than merely transferring assets? value required for a spin-off, the Company’s SBU
b. Can Management elaborate on the projected direct financial is mandatorily required to be separated under
impact after the spin-off on the soundness and performance regulatory provisions.
of BBTN (conventional), and ensure that all resources (such as Second, we observe that the growth of Sharia
human resources, technology, and customers) will be transferred banking (including Sharia Commercial Banks/
smoothly without disrupting the operations and services of both SBU) is currently quite favorable, including the
entities during the transition period? Company’s SBU, which has even grown faster
c. How will the share ownership mechanism in the new Sharia bank be than its parent. Therefore, we are increasingly
granted to BBTN shareholders, and what legal assurance ensures confident that after the spin-off, the Company’s
that amendments to the Articles of Association will only become SBU will be able to grow even better, as it will have
effective after the entire spin-off process has been approved by greater flexibility to develop its business.
the OJK and declared feasible, thereby protecting our interests if
the plan does not proceed as expected? In addition, as of September, the Company’s
SUB became the second-largest SUB in terms
of assets after BSI. Accordingly, after the spin-
off, the Company’s SBU has the potential to
remain in the second position in the Sharia
banking industry. Considering that the majority
of Indonesia’s population is Muslim, Sharia
banking has significant potential and high
growth prospects, and is projected to continue
improving in the future, possibly exceeding the
conventional market.
There was no transfer of any shares in the
implementation of the spin-off of the Company’s
Sharia Business Unit. Previously, the Company
had acquired PT Bank Victoria Syariah (now
PT Bank Syariah Nasional). Subsequently, the
Company conducted the spin-off of the SBU
by transferring the rights and obligations of the
Company’s SBU to PT Bank Syariah Nasional
through an increase in paid-up and issued
capital in PT Bank Syariah Nasional.
The third question will be explained under the
Second Agenda.
Voting Results
Agree : 10.463.668.679 (96,6747713%)
Disagree : 105.100 (0,0009710%)
Abstain : 359.803.602 (3,3242577%)
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08 Corporate Governance
Resolutions
a. 1) Approved the Company’s action to conduct the spin-off of the Sharia Business Unit by transferring its rights and obligations
to PT Bank Syariah Nasional to be recorded as an increase in the Company’s paid-up and issued capital in PT Bank Syariah
Nasional, and subsequently all rights, obligations, and responsibilities related to the transferred Sharia Business Unit shall be
transferred to PT Bank Syariah Nasional, effective on the Effective Date of the Spin-off.
2) The increase in paid-up capital shall be carried out at fair value in accordance with prevailing regulations.
b. Approved the Spin-off Plan.
c. Granted power and authority to the Company’s Board of Directors, with the right of substitution, to perform all actions required
and/or necessary for the implementation of the spin-off of the Company’s Sharia Business Unit, including in the implementation
of integrated governance practices, among others:
1) Determining the terms and conditions of the spin-off;
2) Preparing, drafting, making, requesting the preparation of, and/or signing all deeds, letters, and documents required,
appearing before authorized parties/officials, submitting applications, obtaining approvals and/or submitting notifications
to authorized parties/officials, including but not limited to obtaining approval from the OJK in accordance with prevailing
laws and regulations, making amendments and/or additions in the required form, and carrying out other necessary actions
without exception;
3) Implementing the Group Principle Guideline as guidance for integrated governance practices within the Company’s business
group, including any future amendments, following prior consultation with the Company’s Board of Commissioners.
With the effectiveness of the spin-off of the Company’s Sharia Business Unit on the Effective Date of the Spin-off, the term of
office of all members of the Company’s Sharia Supervisory Board ended by operation of law, and the Company expressed its
appreciation for their contributions during their tenure.
Furthermore, the Meeting granted power, with the right of substitution, to the Company’s Board of Directors to state the resolutions
of this Meeting in the form of a Notarial Deed, appear before a Notary or authorized official, and make any necessary adjustments
or corrections as required by the competent authorities for the implementation of the Meeting’s resolutions.
Status: Realized
Second Agenda
Approval of amendments to the Company’s Articles of Association in relation to the spin-off of the Company’s Sharia Business
Unit, which shall be effective on the Effective Date of the Spin-off.
here was 1 (one) shareholder who submitted questions, opinions, and/or proposals in relation to the First Agenda of the Meeting.
The summary and essence of the question-and-answer session for this Agenda are as follows:
No. Questions/Responses Answers
1 Can Management elaborate on the projected direct financial The initial question has been explained under
impact after the spin-off on the soundness and performance of the First Agenda. There was no transfer of any
BBTN (conventional), and ensure that all resources (such as human shares in the implementation of the spin-off
resources, technology, and customers) will be transferred smoothly of the Company’s Sharia Business Unit (SUB).
without disrupting the operations and services of both entities during Previously, the Company had acquired PT Bank
the transition period? How will the share ownership mechanism in the Victoria Syariah (now PT Bank Syariah Nasional).
new Sharia bank be granted to BBTN shareholders, and what legal Subsequently, the Company conducted the
assurance ensures that amendments to the Articles of Association spin-off of the SUB by transferring the rights and
will only become effective after the entire spin-off process has been obligations of the Company’s SUB to PT Bank
approved by the OJK and declared feasible, thereby protecting Syariah Nasional through an increase in paid-up
investors’ interests? and issued capital in PT Bank Syariah Nasional.
Voting Results
Agree : 10.463.668.479 (96,6747694%)
Disagree : 105.000 (0,0009701%)
Abstain : 359.803.902 (3,3242604%)
Resolutions
a. Approved the amendments to the Company’s Articles of Association, namely the deletion of Article 12 paragraph (2) letter b item
(18), Article 15 paragraph (2) letter (b) item 14, and Article 17, in relation to the spin-off of the Company’s Sharia Business Unit,
which shall be effective on the Effective Date of the Spin-of;
b. Approved the restatement of all provisions in the Company’s Articles of Association in connection with the amendments as
referred to in point a above, with the complete attachment of the Articles of Association as attached to the minutes of the notarial
deed;
c. Granted power and authority to the Board of Directors, with the right of substitution, to carry out all actions necessary in connection
with the Meeting’s resolutions, including but not limited to restating and reaffirming the Company’s Articles of Association in a
Notarial Deed, adjusting the amendments to the Company’s Articles of Association if required by the competent authorities,
and submitting them to the competent authorities to obtain approval and/or acknowledgment of receipt of notification of the
amendments to the Company’s Articles of Association, as well as performing all actions deemed necessary and useful for such
purposes, without any exception.
Status: Realized
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PT Bank Tabungan Negara (Persero) Tbk
Annual GMS 2025 Implementation and Realization
Stage Detail
Notification Letter Number 60/DIR/CSD/I/2024 dated January 18, 2024 regarding Submission of the Implementation
Date and Agenda of the Annual GMS for the 2023 Fiscal Year of PT Bank Tabungan Negara (Persero) Tbk
was submitted to the OJK with copies to PT Bursa Efek Indonesia, PT Kustodian Sentral Efek Indonesia, PT
Datindo Entrycom, and the Company's Board of Commissioners.
Announcement It was published through the e-GMS provider website, the Indonesia Stock Exchange website, and the
Company's website dated January 29, 2024 in Indonesian and English.
Invitation It was published through the e-GMS provider’s website, the Indonesia Stock Exchange website, and the
Company's website dated February 13, 2024 in Indonesian and English.
Implementation The GMS was held on Wednesday, March 6, 2024 at 14.31-17.13 WIB at Gedung Menara BTN, lantai 6t, Jl.
Gajah Mada No. 1 Jakarta Pusat 10130.
Announcement of It was published through the e-GMS provider website, the Indonesia Stock Exchange website, and the
Summary of GMS Company's website on March 8, 2024 in Indonesian and English.
Minutes
GMS Minutes Letter Number 555/CSD/CMPO/IV/2024 dated April 5, 2024 regarding Submission of the Deed of the 2024
Annual General Meeting of Shareholders (AGM) Minutes of PT Bank Tabungan Negara (Persero) Tbk,
submitted to the OJK dated April 5, 2024.
Recapitulation of Attendance at The 2024 Annual GMS
The meeting was chaired by Mr. Chandra M. Hamzah, the President Commissioner/Independent, in accordance with
the resolutions of the Board of Commissioners Meeting dated February 21, 2024, which was delivered through the
Board of Commissioners’ letter Number 27/KOM/BTN/II/2024 dated February 21, 2024 concerning the Chairperson of
the Annual General Meeting of Shareholders for the 2023 Fiscal Year of PT Bank Tabungan Negara (Persero) Tbk, and
attended by all members of the Board of Commissioners, President Director, Vice President Director and all members
of the Board of Directors, and all members of the Company’s Audit Committee as follows:
No. Name Position Attendance
1. Chandra M. Hamzah President Commissioner/ Independent Present
2. Iqbal Latanro Vice-President Commissioner/Independent Present
3. Armand B. Arief Independent Commissioner Present
4. Sentot A. Sentausa Independent Commissioner Present
5. Andin Hadiyanto Commissioner Present
6. Herry Trisaputra Zuna Commissioner Present
7. Himawan Arief Sugoto Commissioner Present
8. Nixon L.P. Napitupulu President Director Present
9. Oni Febriarto Rahardjo Vice President Director Present
10. Andi Nirwoto Director of IT and Digital Present
11. Elisabeth Novie Riswanti Director of Assets Management Present
12. Jasmin Director of Distribution and Funding Present
13. Setiyo Wibowo Director of Risk Management Present
14. Hirwandi Gafar Director of Consumer Present
15. Nofry Rony Poetra Director of Finance Present
16. Eko Waluyo Director of Human Capital, Compliance, and Legal Present
17. Hakim Putratama Director of Institutional Banking Present
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08 Corporate Governance
Independent Party Counting and/or Validating Votes
The results of decision-making are calculated by PT Datindo Entrycom as Securities Administration Bureau (“BAE”) and
then validated by Notary Ashoya Ratam, S.H., M.Kn., both of whom were appointed by the Company.
Resolutions and Realization of The 2024 Annual GMS
First Agenda
Approval of the Annual Report and Ratification of the Company's Financial Statements, Approval of the Board of Commissioners'
Supervisory Tasks Report and Ratification of the Financial Statements of the Micro and Small Business Funding Program (PUMK)
for the 2023 Financial Year as well as Full Settlement and Release of Responsibility (volledig acquit et de charge) to the Board of
Directors for the Company's Management Actions and the Board of Commissioners for the Company's Supervisory Actions that
have been carried out during the 2023 Financial Year.
There were 4 (four) shareholders who submitted questions, opinions, and/or suggestions regarding the first agenda item of the
Meeting. The summary and essence of the question and answer process for the agenda item are as follows:
No. Feedback/Questions Answers
1 In the context of implementing the development of PT Bank Tabungan Thank you Series A Dwiwarna Shareholders
Negara (Persero) Tbk/”BTN” to improve the Company’s performance, for your feedback. The Company will note and
we hereby convey the following matters: follow up on the notes from Series A Dwiwarna
1. We express our gratitude and appreciation to all members of the Shareholders.
Board of Commissioners, Directors and BTN Employees for:
a. Success in improving the Company's performance, as
reflected in:
1) Net profit increased by 14.97% YoY to IDR3.50 trillion.
2) Total loan increased by 11.87% YoY to IDR333.69 trillion.
3) Fee Based Income Realization increased by 60.15% YoY to
IDR3.22 trillion.
4) CASA ratio increased from 48.52% to 53.73%.
5) CIR ratio decreased from 46.66% to 45.26%.
6) Gross NPL ratio decreased from 3.38% to 3.01% and LAR
decreased from 23.24% to 21.20%.
b. The Company's commitment to supporting the government's
program to maximize the provision of housing financing for
the people, especially for lowincome communities, to achieve
zero backlog by 2045. We hope that this achievement will
continue to be improved in the future so that the Company
can contribute more optimally not only to shareholder returns
but also to the state and society
2. Matters that require the attention of the Board of Commissioners
and Directors of BTN to improve future performance are as follows:
a. To anticipate global economic conditions in 2024 which have
the potential for inflationary pressures and tightening of global
monetary policy with increasingly limited fiscal space, the
Company must establish a more selective loan distribution
strategy, implement sustainable loan risk management, and
optimal liquidity management;
b. Nationally, economic growth in 2024 is predicted to remain
strong and grow positively in the range of 4.8% - 5.2%. In
addition, the housing sector still has a very large room to
grow considering the still high national housing backlog, the
high number of people who do not have decent homes, and
the extension of the stimulus provided by the Government in
the housing sector. This opportunity should be utilized well
by the Company by optimizing all existing potential so that
it can become The Best Mortgage Bank in Southeast Asia as
expected;
c. The Company should focus on strengthening strategy,
business innovation, and market expansion to increase
market capitalization so that it can provide added value to
Shareholders;
d. Considering that in 2023 there would be a decline in net
interest income, the Company is expected to:
644 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Feedback/Questions Answers
1) Making efforts to reduce the cost of funds by increasing
low-cost funds (CASA), strengthening ecosystem-based
businesses, penetrating mobile banking as a digital
financial solution, and optimizing cash management
service penetration for customers, so that they can excel
in the competition of banking service transaction.
2) Encourage a housing ecosystem with new mortgage
models, other quality and sustainable business
expansions, and optimize yields on loan distribution while
still prioritizing the principle of prudence so that there is a
sustainable increase in profitability.
e. Continue to encourage increased revenue contributions
from Other Operating Income, especially Fee Based Income
(FBI) through massive acceleration of digital financial
services and transactional banking, especially for internet
and mobile banking users, as well as the development of
fee based from other new sources such as foreign exchange
services, forex trading, and structured products;
f. Ensure the achievement of the State Capital Participation
(PMN) KPI target, especially on indicators that were not
achieved in 2023, namely BOPO, Gross NPL and Realization of
Subsidized Mortgage Loans;
g. In connection with the increasing role of information
technology in the banking industry and the increasingly
massive hacking efforts and cyber security disruptions that
have a very massive impact on operations, finances, and
reputation, the Company is expected to strengthen its cyber
security in terms of policy, infrastructure, operating systems,
and risk mitigation;
h. To promote the principle of sustainable finance, the
Company must maintain its commitment to developing
ESG initiatives, including through the Company's work
program, loan distribution and issuance of debt securities
based on the principle of green financing. In addition, the
implementation of ESG initiatives must be aligned with the
direction of the government's program focus on the context
of national economic recovery and development;
i. The Company must continue to commit to making
improvements in the implementation of the AntiFraud
Strategy in each of its pillars and not give tolerance (zero
tolerance) to any form of fraud, both internal and external;
j. Following up on internal and external audit/ auditor findings,
optimizing risk management and implementing the three
lines of defense, and always prioritizing the principles of
Good Corporate Governance and paying attention to the
provisions of Anti-Money Laundering, Prevention of Terrorism
Funding and Prevention of Proliferation of Weapons of Mass
Destruction (AML, CFT, AND PFWMD).
2. a. In our attention, there is an increase in the provision for impairment In 2023, the Company experienced a decrease
losses on financial assets. Is this due to an increase in NPL because in gross NPL from 3.38% to 3.01%. Related to
of BTN's inability to pay home loan debt, motorcycle loan debt, the increase in CKPN reserves for NPL in 2023,
unsecured loan debt, or credit card debt? reaching 155.16%, it aims to increase the
Company's caution against NPL risk and increase
the Company's coverage.
b. Recently, PT Akulaku Finance Indonesia successfully obtained the The Company has a different business
revocation of sanctions by OJK. Does this have an impact on the concentration from PT Akulaku Finance
banking industry, especially BTN considering that Buy Now Pay Indonesia. Until now, the Company has not had
Later (BNPL) companies have a CAGR of >10% per year? any competitive intersection with PT Akulaku.
However, in the future, the Company plans to
issue a BNPL product which is expected to be
licensed by OJK this year.
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08 Corporate Governance
No. Feedback/Questions Answers
3. a. Which business division is disruptive to increasing the Company's Basically, all Divisions have contributed well,
profits and what solutions is management implementing to so that no business Division has become a
improve it? disruption in increasing profits. This is reflected
in the Company's performance in 2023 which
generally recorded good results, including
increasing assets, increasing loan and DPK
growth, LAR and other financial ratios recorded
well, increasing CKPN reserves, increasing profits
and becoming the biggest achievement since
the Company was established.
b. As the king of subsidized housing mortgages, is there a Company The mortgage scheme with a flat interest
agenda to create a flat installment mortgage service for up to 30 calculation may be implemented by the
years, and will this disrupt the NPL if the customer defaults due to Company, but this scheme will be very
retirement or layoffs? burdensome for consumers, especially if applied
to mortgages with a long term of up to 30 years.
The interest paid by consumers will be higher
than the principal, because the interest with a flat
scheme will be higher than the interest with an
annuity or effective scheme, which is a mortgage
interest calculation scheme commonly used by
the market. For this reason, the Company will not
use this scheme at this time.
4. Through CSR funds, BTN is expected to play an active role in building This will be input for the Company.
the mentality of the nation's children, especially Gen Z, which is
currently considered the strawberry generation (Kompas.id, June
26, 2023). They are seen as a young generation that is soft, spoiled,
and has weak fighting spirit when facing challenges, even though
they are the generation that plays an important role in achieving
Indonesia Emas 2045. One way to build generation z so that they
have a strong mentality, high fighting spirit and a patriotic spirit &
high sense of nationalism, is to distribute free biographical books
of national heroes. Thus, the spirit of nationalism, high fighting spirit
is expected to be transmitted to gen z who read the books of these
heroes.
Voting Results
Agree : 10.767.960.536 (96,2067051%)
Disagree : 200 (0,0000018%)
Abstain : 424.565.315 (3,7932931%)
Decisions
1. Approve the Company's Annual Report including the Company's Board of Commissioners' Supervisory Duties Report for the 2023
Financial Year ending on December 31, 2023.
2. Ratify:
a. The Company's Financial Statement for the 2023 Financial Year ended on December 31, 2023, which has been audited by the
Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network) in accordance
with Report Number 00048/2.1032/AU.1/07/1681-1/1/II/2024 dated February 12, 2024 with a fair opinion in all material respects;
and
b. Financial Report of the Micro and Small Business Funding Program for the 2023 Financial Year ending on December 31, 2023,
which has been audited by the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young
Global network) in accordance with Report Number 00047/2.1032/AU.2/10/1681-1/1/II/2024 dated February 12, 2024 with a fair
opinion in all material respects
3. With the approval of the Company's Annual Report including the Board of Commissioners' Supervisory Task Report, and the
ratification of the Company's Financial Report and the Financial Report of the Micro and Small Business Funding Program (PUMK),
all for the 2023 Financial Year ending on December 31, 2023, the GMS grants full release and discharge (volledig acquit et de
charge) to all members of the Board of Directors for their management of the Company and to all members of the Board of
Commissioners for their supervisory actions for the Company that have been carried out during the 2023 Financial Year ending
on December 31, 2023, as long as such actions do not constitute a criminal act and are reflected in the reports mentioned above.
Status: Realized
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PT Bank Tabungan Negara (Persero) Tbk
Second Agenda
Determination of Use of the Company's Net Profit for the 2023 Financial Year
There were no questions, opinions and/or suggestions submitted in the discussion of the second agenda item of the Meeting.
Voting Results
Agree : 10.818.441.493 (96,6577290%)
Disagree : 200 (0,0000018%)
Abstain : 374.084.358 (3,3422693%)
Decisions
Approving the use of the Company's net profit for the 2023 Financial Year amounting to IDR3,500,987,620,258.75 (three trillion five
hundred billion nine hundred eighty seven million six hundred twenty thousand two hundred fifty eight point seven five in IDR) as
follows:
1. 20% (twenty percent) or an amount of IDR700,197,24,051.75 (seven hundred billion one hundred ninety seven million five hundred
twenty four thousand fifty one point seven five in IDR) or IDR49.89136 (forty nine point eight nine one three six in IDR) per share is
determined as Cash Dividend. The payment is carried out with the following provisions:
a. Dividends of the Republic of Indonesia's share amounting to IDR420,118,514,441.03 (four hundred twenty billion one hundred
eighteen million five hundred fourteen thousand four hundred and forty one point zero three in IDR) were deposited into the
State General Cash Account.
b. Dividends for the 2023 Financial Year are paid proportionally to each Shareholder whose name is recorded in the Shareholder
Register on the recording date.
c. The Board of Directors is given authority and power with the right of substitution to carry out: i. Determination of the
schedule and procedures for distribution related to the payment of Dividends for the 2023 Financial Year in accordance with
applicable provisions. ii. Dividend tax deductions in accordance with applicable tax regulations. iii. Other technical matters in
accordance with applicable provisions:
i. Determination of the schedule and procedures for distribution related to the payment of Dividends for the 2023 Financial
Year in accordance with applicable provisions.
ii. Dividend tax deductions in accordance with applicable tax regulations.
iii. Other technical matters in accordance with applicable provisions.
2. 80% (eighty percent) or an amount of IDR2,800,790,096,207.00 (two trillion eight hundred billion seven hundred ninety million
ninety-six thousand two hundred and seven IN IDR) is used as retained earnings balance.
Status: Realized
Third Agenda
Determination of Remuneration (salary/honorarium, facilities and allowances) for 2024, as well as Tantiem for Performance in 2023
for the Company's Board of Directors and Board of Commissioners.
There were no questions, opinions and/or suggestions submitted in the discussion of the third agenda item of the Meeting.
Voting Results
Agree : 10.469.506.271 (93,5401555%)
Disagree : 348.930.722 (3,1175333%)
Abstain : 374.089.058 (3,3423113%)
Decisions
1. Approve the granting of authority and power to the Series A Dwiwarna Shareholders to determine for the Members of the Board
of Commissioners:
a. Tantiem/Performance Incentive/Special Incentive for the 2023 Financial Year in accordance with applicable provisions; and
b. Honorarium, Allowances and Facilities for the 2024 Financial Year.
2. Approve the granting of authority and power to the Board of Commissioners by first obtaining written approval from the Series A
Dwiwarna Shareholders to determine for the Members of the Board of Directors:
a. Tantiem/Performance Incentive/Special Incentive for the 2023 Financial Year in accordance with applicable provisions; and
b. Salary, Allowances and Facilities for the 2024 Financial Year.
Status: Realized
Fourth Agenda
Appointment of Public Accountant (AP) and/or Public Accounting Firm (KAP) to audit the Company's Financial Report and the
Financial Report of the Micro and Small Business Funding Program (PUMK) for the 2024 Financial Year.
There were no questions, opinions and/or suggestions submitted in the discussion of the fourth agenda item of the Meeting.
Voting Results
Agree : 10.818.441.493 (96,6577290%)
Disagree : 200 (0,0000018%)
Abstain : 374.084.358 (3,3422693%)
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08 Corporate Governance
Decisions
1. Approve the appointment of Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network), as the Public
Accounting Firm that will audit the Company's Financial Statements, the Financial Statements of the Micro and Small Business
Funding Program and other reports for the 2024 Financial Year.
2. Approve the granting of authority and power to the Company's Board of Commissioners to carry out:
a. Appointment of a Public Accountant and/or Public Accounting Firm to conduct an audit of the Company's Financial
Statements for other periods in the 2024 Financial Year for the purposes and interests of the Company; and
b. Determination of audit service fees and other requirements for the Public Accountant and/or Public Accounting Firm, and
appointment of a replacement Public Accountant and/or Public Accounting Firm in the event that the Public Accounting
Firm of Purwantono, Sungkoro & Surja (a member firm of the Ernst & Young Global network), for whatever reason, is unable
to complete the provision of audit services for the Company's Financial Statements for the 2024 Financial Year and/or other
periods in the 2024 Financial Year, as well as the Financial Statements of the Micro and Small Business Funding Program
for the 2024 Financial Year, including determining audit service fees and other requirements for the replacement Public
Accountant and/or Public Accounting Firm.
Status: Realized
Fifth Agenda
Report on the Realization of the Use of Funds from the Increase in Capital by Granting Preemptive Rights II (PMHMETD II).
The fifth agenda item was a nature report so there was no question and answer session.
Voting Result
The fifth agenda item of the meeting was of a nature report so no decisions were taken.
Sixth Agenda
Approval of Amendments to the Company's Articles of Association
There were no questions, opinions and/or suggestions submitted in the discussion of the sixth agenda item of the Meeting.
Voting Result
Agree : 10.128.364.939 (90,4922168%)
Disagree : 690.076.754 (6,1655139%)
Abstain : 374.084.358 (3,3422693%)
Decisions
1. Approve changes to the Company's Articles of Association, including complying with statutory regulations:
a. OJK Regulation Number 17 of 2023 dated September 14, 2023, concerning Implementation of Governance for Commercial
Banks;
b. Regulation of the Minister of SOEs Number PER-2/MBU/03/2023 dated March 24, 2023, concerning Guidelines for Governance
and Significant Corporate Activities of SOEs;
c. Regulation of the Minister of SOEs Number PER-3/MBU/03/2023 dated March 24, 2023, concerning SOE Organs and Human
Resources; and
d. other related regulations
2. Agree to re-draft all provisions in the Company's Articles of Association in connection with the changes referred to in point 1 (one)
above.
3. Grant authority and power to the Board of Directors with the right of substitution to take all necessary actions related to the
decisions of the Meeting, including but not limited to compiling and restating all of the Company's Articles of Association in
a Notarial Deed, adjusting changes to the Company's Articles of Association if this is required by the authorized agency and
submitting it to the authorized agency to obtain approval and a receipt for notification of changes to the Company's Articles of
Association, as well as doing everything deemed necessary and useful for this purpose with none being excluded.
Status: Realized
Seventh Agenda
Changes to the Company's Management Composition.
There were no questions, opinions and/or suggestions submitted in the discussion of the seventh agenda item of the Meeting.
Voting Result
Agree : 10.430.252.214 (93,1894388%)
Disagree : 388.189.479 (3,4682919%)
Abstain : 374.084.358 (3,3422693%)
648 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Decisions
1. To confirm the honorable dismissal of the following names as Members of the Company's Board of Commissioners:
1) Mr. Ahdi Jumhari Luddin – as Independent Commissioner;
2) Mr. Mohamad Yusuf Permana – as Commissioner;
who were appointed respectively based on the Resolution of the 2019 EGMS dated November 27, 2019, and the Resolution of
the 2023 EGMS dated January 11, 2023, respectively effective from August 12, 2023 and March 4, 2024, with gratitude for the
contribution of energy and ideas given during their tenure as Members of the Company's Board of Commissioners.
2. To honorably dismiss the following names as Company Managers:
1) Ms. Elisabeth Novie Riswanti – as Director of Assets Management;
2) Mr. Hirwandi Gafar – as Director of Consumer;
3) Mr. Jasmin – as Director of Distribution and Funding;
4) Mr. Setiyo Wibowo – as Director of Risk Management;
5) Mr. Chandra M. Hamzah – as President Commissioner/Independent;
6) Mr. Andin Hadiyanto – as Commissioner;
7) Mr. Armand B. Arief – as Independent Commissioner;
who were appointed respectively based on the Decision of the 2019 Extraordinary General Meeting of Shareholders dated August
29, 2019 in conjunction with the 2019 Extraordinary General Meeting of Shareholders dated November 27, 2019 in conjunction with
the 2020 Financial Year General Meeting of Shareholders dated March 10, 2021 in conjunction with the 2021 Financial Year General
Meeting of Shareholders dated March 2, 2022, the Decision of the 2019 Extraordinary General Meeting of Shareholders dated
November 27, 2019 in conjunction with the 2021 Financial Year General Meeting of Shareholders dated March 2, 2022, the Decision
of the 2019 Extraordinary General Meeting of Shareholders dated November 27, 2019 in conjunction with the 2020 Financial Year
General Meeting of Shareholders dated March 10, 2021 ..., the Decision of the 2020 Financial Year General Meeting of Shareholders
dated March 10, 2021, and the Decision EGMS 2019 dated November 27, 2019, effective from the c losing of the GMS, with gratitude
for the contribution of energy and thoughts given during his tenure as the Company's Management.
3. Changing the nomenclature of positions of members of the Company's Board of Directors as follows:
No Past Then
1 Director of Distribution and Funding Director of Distribution and Institutional Funding
2 Director of IT and Digital Director of Information Technology
3 Director of Institutional Banking Director of Operations and Customer Experience
4 - Director of SME and Retail Funding
4. To assign the following names as Members of the Company's Board of Directors:
No Name Past Then
1 Sdr. Andi Nirwoto Director of IT and Digital Director of Information Technology
2 Sdr. Hakim Putratama Director of Institutional Banking Director of Operations and Customer Experience
who were appointed respectively based on the Decision of the 2023 Extraordinary General Meeting of Shareholders dated
January 11, 2023 and the Decision of the 2022 Financial Year General Meeting of Shareholders dated March 16, 2023, with a term of
office continuing the remaining term of office based on the said General Meeting of Shareholders.
5. Appoint the following names as Directors of the Company:
1) Mrs. Elisabeth Novie Riswanti – as Director of Assets Management;
2) Mr. Hirwandi Gafar – as Director of Consumer;
3) Mr. Jasmin – as Director of Distribution and Institutional Funding;
4) Mr. Setiyo Wibowo – as Director of Risk Management;
5) Mr. Muhammad Iqbal – as Director of SME and Retail Funding;
6) Mr. Chandra M. Hamzah – as President Commissioner/Independent;
7) Mr. Bambang Widjanarko – as Independent Commissioner;
8) Mr. Armand B. Arief – as Independent Commissioner;
9) Mr. Adi Sulistyowati – as Independent Commissioner;
10) Mr. Andin Hadiyanto – as Commissioner;
6. The term of office of the members of the Board of Directors and Board of Commissioners appointed as referred to in point 5, is in
accordance with the provisions of the Company's Articles of Association, considering laws and regulations in the Capital Market
sector and without reducing the right of the GMS to be dismissed at any time.
7. With the confirmation of the dismissal, termination, change in job nomenclature, transfer of duties, and appointment of members
of the Company's Board of Directors and Board of Commissioners as referred to in number 1, number 2, number 3, number 4, and
number 5, the composition of the members of the Company's Board of Directors and Board of Commissioners is as follows:
a. Board of Directors
1) President Director: Nixon L.P. Napitupulu
2) Vice President Director: Oni Febriarto Rahardjo
3) Finance Director: Nofry Rony Poetra
4) Assets Management Director: Elisabeth Novie Riswanti
5) Human Capital, Compliance, and Legal Director: Eko Waluyo
6) Risk Management Director: Setiyo Wibowo
7) Distribution and Institutional Funding Director: Jasmin
8) Information Technology Director: Andi Nirwoto
9) Consumer Director: Hirwandi Gafar
10) Operations and Customer Experience Director: Hakim Putratama
11) SME and Retail Funding Director: Muhammad Iqbal
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08 Corporate Governance
b. Board of Commissioners
1) Main Commissioner/Independent: Chandra M. Hamzah
2) Deputy Main Commissioner/Independent: Iqbal Latanro
3) Independent Commissioner: Bambang Widjanarko
4) Independent Commissioner: Armand B. Arief
5) Independent Commissioner: Sentot A. Sentausa
6) Independent Commissioner: Adi Sulistyowati
7) Commissioner: Andin Hadiyanto
8) Commissioner: Herry Trisaputra Zuna
9) Commissioner: Himawan Arief Sugoto
8. Members of the Board of Directors and Board of Commissioners appointed as referred to in number 5 points 5), 7), and 9) may
only carry out their duties after obtaining approval from the Financial Services Authority (OJK) for the Fit and Proper Test and
complying with applicable laws and regulations. In the event that members of the Board of Directors and Board of Commissioners
of the Company are later declared not approved as members of the Board of Directors and Board of Commissioners in the Fit
and Proper Test by the OJK, then the members of the Board of Directors and Board of Commissioners of the Company shall be
honorably dismissed as of the date of the stipulation of the decision on the results of the OJK Fit and Proper Test.
9. Members of the Board of Directors and Board of Commissioners appointed as referred to in point 5 who are still holding other
positions which are prohibited by laws and regulations from being held concurrently with the position of member of the Board of
Directors or Board of Commissioners of a State-Owned Enterprise, then the person concerned must resign or be dismissed from
said position.
10. Request the Board of Directors to submit a written application to the Financial Services Authority for the implementation of a Fit
and Proper Test for members of the Board of Directors and Board of Commissioners appointed as referred to in number 5, points
5), 7), and 9).
11. Granting power of attorney with the right of substitution to the Company's Board of Directors to state the decisions of this GMS in
the form of a Notarial Deed and to appear before a Notary or authorized official, and to make adjustments or improvements as
necessary if required by the authorized party for the purposes of implementing the contents of the meeting's decisions.
Status: Realized
GMS Decisions in The Fiscal Year and benefit in compliance with the Company’s purposes
1 (One) Year Prior to The Fiscal Year Which and objectives and to represent the Company, both
are Realised in The Fiscal Year inside and outside the Court regarding all matters and
all occurrences with limitations as regulated in the laws,
All decisions of the GMS for the 2024 Fiscal Year and Articles of Association, and/or GMS resolutions.
the GMS for the 2023 Fiscal Year have been realized.
Accordingly, there were no decisions of the 2025 Fiscal The President Director serves as Coordinator of the
Year GMS that had not yet been implemented. Board of Directors with the following duties:
1. To lead the Board of Directors meetings.
2. To create a Culture of Transparency and to facilitate
Board of Directors constructive discussion.
3. To provide advice to members of the Board
The Board of Directors is an organ in Corporate of Directors related to the effectiveness of the
Governance implementation that is fully responsible management.
for the management of the Company for the interests 4. To maintain good relations and solidarity among
and objectives of the Company and serves as a legal the members of the Board of Directors regarding
representative of the Company concerning every matter management duties.
and case with some restrictions as regulated by the 5. To maintain an effective and healthy relationship
laws, the Articles of Association of the Company, and/or with the Board of Commissioners.
the GMS resolutions. The Board of Directors is responsible
for managing and determining the Company’s strategic Each member of the Board of Directors is fully liable
direction, utilizing and maintaining the Company’s for any loss of the Company caused by inaccuracies
assets for the purposes and interests of the Company. or negligence from members of the Board of Directors
Henceforth, the Board of Directors shall report the in performing their duties. A member of the Board of
implementation of its duties and responsibilities to the Directors is not to be held accountable for the loss as
Board of Commissioners. mentioned above if proven that:
1. The loss is not caused by his/her fault or negligence.
Duties and Responsibilities of The Board of 2. The Director has conducted managerial undertakings
Directors in good faith and with prudence that is consistent
with the Company’s goals and objectives.
The Board of Directors is responsible for implementing
all actions regarding the operations and responsibility
of the Company’s management for the Company’s
650 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. The Director has no conflict of interest, be it directly with the Bank Indonesia Regulations, Financial
or indirectly regarding the management’s action Services Authority, and all prevailing regulations
that resulted in this loss. and legislation, including Sharia Principles for Sharia
4. The Director has taken necessary measures to Principles for Sharia Business Unit.
prevent this loss from arising or continuing. 5. Minimizing the Company’s Compliance Risks.
6. Taking preventive actions to have the policies and/
Duties and Responsibilities of the Director Supervising or decisions made by the Bank’s Board of Directors
the Compliance Function at least include: aligned with the provisions of Bank Indonesia and all
1. Formulating strategies to empower the Culture of prevailing laws and regulations.
Compliance; 7. Performing other tasks related to the Compliance
2. Proposing Compliance policies or other Compliance Function.
principles that shall be set forth by the Board of 8. Reporting the implementation of duties and
Directors. responsibilities to the President Director, with a
3. Establishing the Compliance System and procedures carbon copy to the Board of Commissioners being
that shall be used to compile the Company’s internal reported at least quarterly.
guidelines and regulations.
4. Ensuring every policy, regulation, system, and Duties and Responsibilities of Each Board of
procedure, as well as business activities conducted Directors
by the Company, has been outlined in accordance
Name Position Field of Work
Nixon L.P. Napitupulu President Director The President Director supervises the areas:
a. SEVP Digital Business
b. Digital Banking Product Development (DBPD)
c. Digital Banking Sales (DBSD)
d. SEVP Assets Management
e. Consumer Collection, Recovery & Asset Sales 1 (CRSD1)
f. Consumer Collection, Recovery & Asset Sales 2 (CRSD2)
g. Comercial Asset Management (CAMD)
h. Internal Audit (IAD)
i. Corporate Secretary (CSD)
Oni Febriarto Rahardjo Vice President Director The Vice President Director supervises:
a. Distribution and Institutional Funding
b. Assets Management
c. Human Capital, Compliance and Legal
d. Operations & Customer Experience
e. SEVP Wholesale Banking
f. Marketing Communication (MCD)
Nofry Rony Poetra Director of Finance & Strategy The Director of Finance & Strategy supervises:
a. Corporate Strategy & Planning (CSPD)
b. Finance & Accounting (FAD)
c. Investor Relations & Research (IRRD)
d. Data Management & Analytics (DMD)
Eko Waluyo Director of Human Capital & The Director of Human Capital & Compliance supervises:
Compliance a. Human Capital Strategy (HCSD)
b. Human Capital Management (HCMD)
c. Human Capital Business Partner (HCBD)
d. Learning Management (LMD)
e. Compliance & Governance (CMGD)
f. Legal (LGD)
Setiyo Wibowo Director of Risk Management The Director of Risk Management supervises:
a. SEVP Credit Risk
b. Retail Credit Risk (RCRD)
c. Wholesale Credit Risk (WCRD)
d. Policy & Procedure (PPD)
e. Enterprise & ESG Risk Management (ERMD)
f. Digital & Operations Risk Management Division (DORD)
g. Transformation & Partnership Management (TPMD)
Helmy Afrisa Nugroho*** Director of Corporate Banking The Director of Corporate Banking supervises:
a. Corporate Banking (CBD)
b. Institutional Banking 1 (IBD 1)
c. Wholesale Transaction (WTD)
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08 Corporate Governance
Name Position Field of Work
Tan Jacky Chen** Director of Information The Director of Information Technology supervises:
Technology a. IT Strategic Planning (ITPD)
b. IT Development (ITDD)
c. IT Operation (ITOD)
d. IT Security (ITSD)
Hirwandi Gafar Director of Consumer Banking The Director of Consumer Banking supervises:
a. Mortgage & Secured Loan (MSLD)
b. Subsidized Mortgage (SMD)
c. Personal Banking (PBD)
I Nyoman Sugiri Yasa* Director of Operations The Director of Operations supervises:
a. Customer Experience (CXD)
b. Credit Operations
c. Digital Operations
d. Central Operations
Rully Setiawan* Director of Network & Retail The Director of Network & Retail Funding supervises:
Funding a. Sales & Distribution
b. Retail Funding (RFD)
c. Wealth Management (WMD)
d. Regional Offices
Hermita* Director of Commercial Banking The Director of Commercial Banking supervises:
a. Business Banking
b. Commercial Banking
c. Institutional Banking 2 (IBD 2)
Venda Yuniarti** Director of Treasury & The Director of Treadury & International Banking supervises:
International Banking a. Treasury
b. Financial Institution & Capital Market
c. Procurement & Fixed Asset Management
* Appointed through the 2025 Annual General Meeting of Shareholders held on March 26, 2025, and had passed the fit and proper test on July 25, 2025.
** Appointed through the 2025 Annual General Meeting of Shareholders held on March 26, 2025, and had passed the fit and proper test on September 1, 2025.
*** Effective upon completion of the OJK fit and proper test
Rights and Authorities of The Board of Directors
The Board of Directors has the rights and authorities that 7. To cease the collection of interest receivables,
have been regulated in the Work Guidelines and Manual penalties, fees, and other receivables excluding
of the Board of Directors. The rights and authorities of the principal, undertaken in the context of restructuring
Board of Directors are as follows: and/or settlement of receivables, as well as other
1. To establish policies that are considered appropriate actions in connection with the settlement of the
in the management of the Company. Company’s receivables, with the obligation to report
2. To regulate the transfer of power of the Board to the Board of Commissioners, the provisions and
of Directors represent the Company inside and reporting procedures of which shall be determined
outside the Court to one or several persons specially by the Board of Commissioners.
appointed for it including the Company’s employees 8. To waive the right to collect or to cease the collection
either individually or jointly or other bodies. of written-off non-performing principal receivables
3. To regulate the provisions regarding the Company’s in the context of credit settlement, either partially or
employees including the determination of wages, in full, implemented based on policies determined by
pensions or retirement age insurance, and other the Board of Directors with the approval of the Board
income for the Company’s employees based on the of Commissioners and within the write-off limit as
applicable laws and regulations. determined by the General Meeting of Shareholders
4. To appoint and dismiss the Company’s workers (GMS), which shall remain valid until a new write-off
based on the Company’s labor rules and laws and limit is determined by the GMS.
regulations. 9. To undertake all other actions and measures
5. To appoint and dismiss the Corporate Secretary relating to the management and ownership of the
and/or the Head of the Internal Audit Business Unit Company’s assets, to bind the Company with other
with the approval of the Board of Commissioners. parties and/or other parties with the Company, and
6. Providing a decision to write off bad debts which to represent the Company in and outside the court in
are then reported and accounted for in the Annual all matters and events, subject to the limitations as
Report;
652 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
stipulated in the prevailing laws and regulations, the b. Apart from meet the criteria as intended in point
Articles of Association, and/or resolutions of the GMS. 1 above, to be appointed as a member of the
10. To establish committees as deemed necessary. Company’s Board of Directors, a person must
fulfill the following formal requirements:
Term of Office of The Board of Directors − Individuals;
− Able to carry out legal actions;
The term of office of members of the Board Directors is − Never been declared bankrupt within 5 (five)
determined to be 5 (five) years and can be reappointed years prior to appointment;
for 1 (one) term of office. Members of the Board of − Never been a member of the Board of Directors
Directors are appointed for a period of time starting or member of the Board of Commissioners/
from the date determined by the GMS that appoints Supervisory Board who was found guilty of
them and ending at the closing of the 5th (five) Annual causing a BUMN, Subsidiary and/or other
GMS after the date of their appointment, by taking into business entity to be declared bankrupt
account the laws and regulations in the Capital Market within 5 (five) years prior to appointment;
sector, without prejudices to the right of the GMS to at − Never been convicted of committing a
any time be able to dismiss members of the Board of criminal act that is detrimental to the
Directors before the end of their term of office. finances of the State, BUMN, Subsidiaries,
other business entities and/or related to the
In the event of another condition, namely where the financial sector within 5 (five) years prior to
President Director and/or the Director overseeing the appointment;
compliance function reaches the end of his/her term − Never been a member of the Board of
of office prior to the convening of the 5th (fifth) AGMS, Directors and/or member of the Board of
the President Director and/or the Director overseeing Commissioners during his tenure:
the compliance function whose term of office has 1) Never held an Annual GMS;
expired shall remain authorized to perform his/her 2) Never been a member of the Board of
duties as President Director and/or Director overseeing Directors and/or member of the Board of
the compliance function with the same powers and Commissioners;
authorities until such time as a resolution is adopted at 3) Has never been accepted by the GMS or
the nearest GMS. has ever failed to provide accountability
as a member of the Board of Directors
The Directors’ position ends if they pass away, their term and/or the Board of Commissioners to the
of office ends, including resigning from their position, GMS; and
being dismissed based on a GMS Decision, or no longer 4) Never has a company that obtained a
meeting the requirements as a Director based on permit, approval or registration from the
the Articles of Association and statutory regulations, OJK failed to fulfill its obligation to submit
including prohibited holding concurrent positions. an annual report and/or financial report
to the OJK.
Requirements of The Board of Directors c. Having good morals and integrity;
d. Being capable of doing legal acts;
The requirements of the Board of Directors that have 2. Each member of the Board of Directors must meet
been regulated in the Work Guidelines and Manual are the requirements for the fit and proper test in
as follows: accordance with the Financial Services Authority
1. Legal subjects who can be appointed as members of Regulation (POJK) regarding the Fit and Proper Test
the Board of Directors are natural persons, who fulfill for the Key Parties in Financial Services Institutions
the requirements at the time of appointment and and have obtained a letter of approval from the
during their term of office: Financial Services Authority.
a. Fulfill material requirements, ie: 3. All members of the Board of Directors must be
− Expertise; domiciled in Indonesia. The President Director
− Integrity; must come from a party who is independent of the
− Leadership; controlling shareholders.
− Experience; 4. The majority of members of the Board of Directors
− Honest; must have at least 5 (five) years of experience in the
− Good attitude; And operational field and at least as an Executive Officer
− High dedication to advancing and developing of the Bank.
the Company. 5. Each member of the Board of Directors must fulfill
other requirements, as follows:
2025 Annual Report 653
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08 Corporate Governance
a. Not an administrator of a political party, another BUMN, member of the Board of Directors
legislative candidate, and/or legislative member in a Subsidiary and/or other business entity;
in the People’s Representative Council, Regional e. Not currently holding a position that is prohibited
Representative Council, Provincial Regional from holding a position as a member of the Board
People’s Representative Council, and Regency/ of Directors according to statutory regulations;
Municipal Regional People’s Representative f. Have dedication and provide full time to carry
Council; out their duties as stated in a statement letter
b. Not a candidate for head/deputy regional head from the person concerned;
and/ or head/deputy regional head, including g. Physically and spiritually healthy (not currently
acting head/ deputy regional head; suffering from an illness that could hinder the
c. Not serving as a member of the Board of Directors performance of their duties as a member of
of the relevant BUMN or Subsidiary for 2 (two) the Board of Directors), as proven by a health
periods; certificate from the hospital; And
d. Not currently serving as an official in a h. Have a Taxpayer Identification Number (NPWP)
Ministry/Institution, member of the Board of and have carried out the obligation to pay taxes
Commissioners/Supervisory Board in another for the last two years.
BUMN, member of the Board of Directors in
Work Guidelines and Manual of The Board of Directors
In carrying out its duties and responsibilities, the Board of Directors refers to the Guidelines and Code of Conduct for
the Board of Directors, which have been ratified through Special Policy Number KK.6-G on the Guidelines and Code of
Conduct for the Board of Directors. Work Guidelines and Manual of the Board of Directors is a governance infrastructure
that serves as a guideline for the Board of Directors in carrying out their duties, authorities, responsibilities, rights,
and obligations as management of the Company. The Board of Directors’ Work Guidelines and Manual is prepared
based on the principles of good governance, referring to the regulations on Limited Liability Companies, the Articles of
Association, and the prevailing laws and regulations that are binding on the Company.
The scope of the Work Guidelines and Manual of the Board of Directors are as follows:
Chapter I Introduction
Organization and Authority
Chapter II A. Organization Within the Scope of the Board of Directors’ Work Code of Conduct
B. Organization Authority Scope of the Board of Directors’ Work Code of Conduct
Chapter III Values
Work Guidelines and Manual of the Board of Directors
A. Structure and Composition of the Board of Directors
B. Requirements for members of the Board of Directors
C. Criteria for Directors Carrying Compliance Functions
D. Concurrent Positions of the Board of Directors
E. Appointment and Dismissal of the Board of Directors
F. Term of Office of the Board of Directors
G. Duties and Responsibilities of the Board of Directors
H. Obligations of the Board of Directors
I. Rights and Authorities of the Board of Directors
J. Actions of the Board of Directors that require the approval of the Board of Commissioners
Chapter IV K. Mechanism of Distribution of Duties and Authorities of the Board of Directors
L. Restrictions
M. Transparency
N. Work Ethics
O. Working Hours
P. Meeting Arrangements
Q. Leadership
R. Performance Evaluation of the Board of Directors
S. Reporting and Accountability
T. Committees
U. Others
Chapter V Risks and Mitigation
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PT Bank Tabungan Negara (Persero) Tbk
Chapter VI Documentation, Administration and Reporting
Chapter VII Monitoring
Chapter VIII Closing
Policy of Concurrent Positions of Directors
Members of the Board of Directors are prohibited from holding concurrent positions as follows:
1. Member of the Board of Directors of a State-Owned Enterprise, Regional-Owned Enterprise, or Private-Owned
Enterprise;
2. Member of the Board of Commissioners and/or Supervisory Board of a State-Owned Enterprise;
3. Other structural and functional positions within central and/or regional government institutions/agencies;
4. Official of a political party, member of the House of Representatives (DPR), Regional Representative Council
(DPD), Provincial Regional House of Representatives (DPRD Level I), or Regency/Municipal Regional House of
Representatives (DPRD Level II), and/or regional head/deputy regional head;
5. Candidate for/member of the DPR, DPD, DPRD Level I, or DPRD Level II, or candidate for regional head/deputy regional
head;
6. Other positions that may give rise to a conflict of interest; and/or
7. Other positions in accordance with the prevailing laws and regulations.
Members of the Board of Directors are prohibited from concurrently serving as members of the Board of Directors,
members of the Board of Commissioners, or Executive Officers at Company‘s, companies, and other institutions. It
excludes concurrent positions in the case of the Board of Directors which is responsible for supervising the Company’s
participation in a subsidiary company, carrying out the functional duties of being a member of the Board of Commissioners
in a nonbank subsidiary company controlled by the Company, as long as it does not result in the person concerned
neglecting the implementation of duties and responsibilities as a member of the Company’s Board of Directors.
Members of the Board of Directors are prohibited from concurrently serving as members of the Board of Commissioners
in other companies, except:
1. Board of Commissioners in Subsidiaries/Affiliated Companies of the Company, other than as President
Commissioner; and
2. Board of Commissioners in other business entities to represent/fight for the Bank’s interests as long as they obtain
permission from the Minister.
3. Pension Fund Supervisory Board, owned by the Company.
Members of the Board of Directors who hold dual positions in Subsidiaries and Pension Funds must obtain approval
from the Board of Commissioners Meeting. (Article 15 OJK Regulation 17/2023)
Table of Concurrent Directors’ Positions
Position in other
Company/Other
Name Position Companies/
Institution Name
Institutions
Nixon L.P Napitupulu Direktur Utama - -
Oni Febriarto Rahardjo Wakil Direktur Utama - -
Andi Nirwoto* Direktur Information Technology - -
Elisabeth Novie Riswanti* Direktur Assets Management - -
Jasmin* Direktur Distribution & Institutional Banking - -
Setiyo Wibowo Direktur Risk Management - -
Hirwandi Gafar Direktur Consumer Banking - -
Nofry Rony Poetra Direktur Finance & Strategy - -
Eko Waluyo Direktur Human Capital & Compliance - -
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08 Corporate Governance
Position in other
Company/Other
Name Position Companies/
Institution Name
Institutions
Hakim Putratama* Direktur Operations & Customer Experience - -
Muhammad Iqbal* Direktur SME & Retail Funding - -
Rully Setiawan** Direktur Network & Retail Funding - -
I Nyoman Sugiri Yasa** Direktur Operations - -
Hermita** Direktur Commercial Banking - -
Tan Jacky Chen** Direktur Information Technology - -
Venda Yuniarti** Direktur Treasury & International Banking - -
Helmy Afrisa Nugroho*** Direktur Corporate Banking - -
*) Dismissed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025.
**) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and had passed the OJK fit and proper
test.
***) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and was currently undergoing the OJK fit
and proper test
Management of Conflict Interest of The 4. Grant credit to members of the Board of Directors
Board of Directors based on a reasonableness limit in accordance with
applicable bank regulations without distinguishing
Each member of the Board of Directors is prohibited from other customers (arm’s length basis).
from taking and/or receiving personal benefits either 5. Report the Company’s stock transactions within 3
directly or indirectly from the Company’s activities, other (three) working days.
than remuneration and other legal facilities, which are
determined based on the decision of the GMS. Members Board of Directors Meeting
of the Board of Directors are prohibited from utilizing the
Company for personal, family, and /or other parties that Board of Directors Meeting Policy
may harm or reduce the Company’s profits.
The Company has established policies regarding Board
Members of the Board of Directors shall not give or offer of Directors meetings in the Articles of Association and
or receive, directly or indirectly, any valuable thing to or Internal Regulations concerning the Guidelines and Rules
from a customer or a Government official to influence or of Procedure for the Board of Directors (KK.6-G). The
in exchange for what he has done and other actions, in policies for Board of Directors meetings are as follows:
accordance with the provisions of laws and regulations. 1. The Board of Directors shall hold regular Meetings
Any member of the Board of Directors who personally in of the Board of directors at least 1 (once) a month
any way, whether directly or indirectly, has an interest in or the so-called Scheduled Meeting of the Board of
a transaction, a contract or a proposed contract in which Directors (Performance Review).
the Company is a party must be declared the nature of 2. The Board of Directors shall schedule a meeting of
his interest at the Meeting of the Board of Directors and the Board of Directors for the following year prior to
therefore shall not be entitled to participate in voting in the end of the fiscal year.
matters relating to such transaction or contract. 3. Scheduled Meetings of the Board of Directors must
be attended by a minimum of 2/3 (two-thirds) of the
In the event of a conflict of interest, which is a condition total number of members of the Board of Directors.
where the Company’s economic interests conflict with 4. The summon to the Meeting of the Board of Directors
personal interests, members of the Board of Directors shall be made by a member of the Board of directors
should always: who is entitled to represent the Board of Directors.
1. Prioritize the interest of the Company and not reduce 5. The summon to the Meeting of the Board of Directors
the Bank’s profits in the event of a conflict of interest. shall include the event, date, time, place of the
2. Avoid making decisions in situations and conditions meeting, and meeting materials.
of conflict of interest. 6. The convening of meetings of the Board of Directors
3. Provide disclosures in terms of decision-making in is carried out in writing and delivered directly to each
the event of a conflict of interest. member of the Board of Directors with adequate
656 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
proof of receipt or by mail no later than 5 (five) days unable to and the President Director does not
prior to the Meeting. make an appointment; or
7. Meeting materials for the Scheduled meeting d. If the GMS does not appoint Vice President
as referred to shall be submitted to the meeting Director, then in the event that the President
participants no later than 5 (five) working days Director is not present or unavailable, then one of
before the meeting is held via e-mail or other fastest the directors appointed in writing by the President
means possible. Director shall chair the meeting; or
8. Meeting materials for meetings held outside the e. In the event that the President Director does
schedule shall be delivered at the time the meeting not make an appointment, the longest-serving
is being held at the latest. Director in the position as a member of the Board
9. The holding of Meeting of the Board of Directors may of Directors shall chair the Board of directors
be held at any time if deemed necessary by one or Meeting; or
more members of the Board of Directors; or upon f. In the event that there is more than 1 (one)
written request from one or more members of the Director with the longest term of office as a
Board of Commissioners. member of the Board of directors, then the oldest
10. In the event that members of the Board of Directors Director in terms of age shall act as the chairman
are unable to physically attend the Meeting of of the Board of Directors Meeting.
the Board of Directors, the members of the Board
of Directors may attend the meeting through Meeting of the Board of Directors with the Board of
teleconference, video conference, or other electronic Commissioners
means in accordance with the applicable provisions. The Board of Directors must hold a joint meeting with the
In the event that the Meeting of the Board of Directors Board of Commissioners periodically at least 1 (once) in
is held by means of teleconferencing technology, it 1 (once) months.
must be supported by:
a. The basis for the decision to hold the meeting Meeting of the Board of Directors Committee
using teleconferencing technology means, Committee meetings may be conducted at any time
among others, the Bank’s internal provisions based on the needs of the Committee and upon written
and/ or the minutes of the Board of Directors’ request from the secretary and/or members of the
Meeting. Committee.
b. Recorded evidence of the meeting.
c. Minutes of Meeting are signed by all meeting Decision-making
participants who are physically present or 1. A Board of Directors meeting is valid and has the
through teleconferencing technology. right to make binding decisions if attended and/or
11. At a Meeting of the board of Directors, a member represented by more than 2/3 (two-thirds) of the
of the Board of Directors may be represented only total votes cast.
by other members of the Board of Directors based 2. In the event that there is more than 1 (one) proposal,
on a power of attorney. A member of the Board of a reelection will be held so that 1 (one) proposal
Directors may only represent one other member of receives more than ½ (one-half) of the total votes
the Board of Directors. cast.
12. Meetings of the Board of Directors shall be chaired at 3. The decision-making of the Board of Directors
the place of domicile of the Company or the place of Meeting is carried out based on deliberation and
business activities of the Company or elsewhere in consensus.
the territory of the Republic of Indonesia. 4. In the event that no consensus is reached, the
13. The Meeting of the Board of Directors shall be chaired decision is made based on a vote. Decisions on a
by the President Director. If the President Director is ballot must obtain a vote of more than ½ (onehalf)
absent or unable to attend, then: share of the number of valid votes cast at the
a. Vice President Director; or meeting.
b. The Director appointed in writing by the President 5. In the Meeting of the Board of Directors, each
Director shall chair the meeting if, at the same member of the Board of Directors has the right to
time, Vice President Director is absent or issue 1 (one) vote and an additional 1 (one) vote for
unavailable; or other members of the Board of Directors that he or
c. The Director who is appointed by Vice President she represents legally.
Director if, at the same time, the President Director 6. A blank vote (abstention) is deemed to approve the
and Vice President Director are not present or proposal submitted at the meeting. Invalid votes are
considered nonexistent and thus are not counted in
determining the number of votes cast in the meeting.
2025 Annual Report 657
Page 227
08 Corporate Governance
7. Voting on persons shall be conducted by closed Meeting Results
ballot papers without signatures, whereas voting on 1. The results of the meeting must be stated in the
other matters shall be conducted verbally unless Minutes of Meeting which contain everything
the Chairman of the Meeting determines otherwise discussed and decided at the meeting, including but
without any objection based on the majority vote of not limited to opinions developed at the meeting,
the person present. both supporting and unsupportive opinions or
8. The Board of Directors may also take valid decisions different opinions (dissenting opinions), as well
without holding a Board of Directors Meeting as the reasons for the absence of members of the
provided that all members of the Board of Directors Board of Directors , if there are. The minutes of the
have been notified in writing and all members of meeting must be drawn up by someone present
the Board of Directors have given their approval at the meeting appointed by the Chairman of the
regarding the proposal submitted in writing and Meeting and then signed by all members of the
signed the agreement in writing and signed the Board of Directors present and submitted to all
agreement circularly. Decisions taken in this way members of the Board of Directors
have the same force as decisions legally taken at a 2. In the event that there is a member of the Board of
Board of Directors Meeting. Directors who does not sign the Minutes of meeting,
9. Every member of the Board of Directors who the person concerned shall write the reasons in a
personally in any way, either directly or indirectly, separate letter attached to the Minutes of Meeting.
has an interest in a transaction, contract or 3. Minutes of Directors’ Meetings are valid evidence
proposed contract in which the Company is a party for members of the Board of Directors and for third
must declare the nature of his interest at a Board parties regarding the decisions taken at the meeting
of Directors Meeting and is therefore not entitled in question.
to participate. in voting on matters relating to the 4. A copy of the minutes of the meeting must be given
transaction or contract. to each member of the Board of Directors, whether
10. Decisions of the Board of Directors taken in the person concerned is present or not present at
accordance with the Work Guideline and Manual are the Board of Directors meeting.
binding and are the responsibility of all members of 5. Original minutes of Board of Directors meetings must
the Board of Directors. be documented and kept by the Company.
Table of Internal Board of Directors Meetings
No. Date Agenda
NPN OFR
1 6/1/2025 General Agenda 1 1
2 6/1/2025 Update on BTN’s 75th Anniversary 1 1
3 6/1/2025 2025 Subsidized Mortgage Program 1 1
4 13/1/2025 General Agenda 1 1
5 13/1/2025 Update on Preparations for the 2025 AGMS 1 1
6 13/1/2025 Update on the Branding and Logo of the New Sharia Mobile 1 1
Banking
7 15/1/2025 Adjustment of the 2025 Annual Budget and Business Plan 1 1
8 15/1/2025 December 2024 Performance Review 1 1
9 20/1/2025 General Agenda 1 1
10 20/1/2025 Adjustment of the 2025 Annual Budget and Business Plan 1 1
11 30/1/2025 General Agenda 1 1
12 30/1/2025 Update on Project Hijra 1 1
13 30/1/2025 KPTI 1 1
658 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
6. The number of board meetings and the number 3. Implementation of AML, CFT, and PFWMD.
of attendance of each member of the Board of 4. Implementation of Good Corporate Governance
Directors must be submitted in the Annual Report. and follow-up of findings from Internal and External
Audits.
Board of Directors Meeting Plan
In making decisions, scheduled meetings of the Board
The Board of Directors meeting plan based on the of Directors must be attended by at least 2/3 of the total
Company’s Articles of Association, has agreed that the number of members of the Board of Directors.
Board of Directors Meetings in 2026 will be held at least
1 (one) time per month and/ or as needed. The Board Invitations to meetings of the Board of Directors are made
of Directors also holds meetings with the Committees in writing and delivered directly to each member of the
under the Board of Directors which are scheduled Board of Directors no later than 5 (five) days before the
according to the need. meeting is held. Meeting materials are delivered to the
meeting participants no later than 5 (five) working days
The Board of Directors shall hold regular Board of before the meeting is held via email or other electronic
Directors meetings at least 1 (one) time every month or means.
what is called a Scheduled Board of Directors Meeting
(Performance Review). The Board of Directors must plan Internal Meeting of The Board of Directors
the Scheduled Meeting of the Board of Directors for the
following year before the end of the financial year. Throughout 2025, the agenda, dates, and participants
of the internal meetings of the Board of Directors are as
The agenda discussed shall at a minimum include: follows.
1. Preparation of the Bank Business Plan (RBB) and the
Company Work Plan and Budget (RKAP).
2. Periodic review of the Company’s performance.
Presence of the Board of Directors
Quorum
SWB HRG JSM ENR AND EW NRP HP MIQ
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 Official 1 1 1 10
duty
1 1 1 1 1 Official 1 1 1 10
duty
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 Excusal 10
1 1 1 1 1 1 1 1 Excusal 10
1 1 1 1 1 1 1 1 Excusal 10
2025 Annual Report 659
Page 229
08 Corporate Governance
No. Date Agenda
NPN OFR
14 3/2/2025 General Agenda 1 1
15 3/2/2025 Update on the Plan for the 2024 AGMS 1 1
16 3/2/2025 Overview Cash Management (Bale Korpora) 1 1
17 6/2/2025 2024 Audit Exit Meeting by KAP PSS-EY 1 Excusal
18 6/2/2025 Workshop on Organizational Structure 1 1
19 10/2/2025 General Agenda & Update on the 2024 AGMS 1 1
20 10/2/2025 Proposed Amount of Write-off Limit for Non-Performing 1 1
Receivables
21 10/2/2025 Report on the Implementation of Project Tiger 2 1 1
22 10/2/2025 Update on Follow-up Actions on KPTI 1 1
23 10/2/2025 Kick-off of Corporate Plan Implementation 1 1
24 17/2/2025 General Agenda 1 1
25 18/2/2025 JGB 1 1
26 18/2/2025 January 2025 Performance Review 1 1
27 24/2/2025 General Agenda 1 1
28 24/2/2025 Revamp of Branch and Regional Offices 1 1
29 24/2/2025 Review of Developer Segmentation 1 1
30 24/2/2025 Work Unit Key Performance Indicators (KPI) 1 1
31 3/3/2025 General Agenda 1 1
32 3/3/2025 Regional Supervision Director and Alternate Director 1 1
33 3/3/2025 PIP for the Construction of the Sulampua Regional Office, 1 1
Proposed SHAD Workspace
34 4/3/2025 Discussion on Law No. 1 of 2025 on State-Owned Enterprises 1 1
(SOEs)
35 10/3/2025 General Agenda & Update on the 2024 AGMS Official duty 1
36 10/3/2025 Preparation of BTN Operations Ahead of Eid al-Fitr Official duty 1
37 10/3/2025 Pension Fund – Supervisory Board and Founders Official duty 1
38 17/3/2025 General Agenda 1 1
39 17/3/2025 Work Unit Key Performance Indicators (KPI) 1 1
40 17/3/2025 Retail Deposit War Room 1 1
41 18/3/2025 Update on the 2024 Fiscal Year AGMS 1 1
42 19/3/2025 February 2025 Performance Review 1 1
43 24/3/2025 General Agenda 1 1
44 24/3/2025 Proposed Share Buyback Program 1 1
45 24/3/2025 Calculation of the Effective Interest Rate for Non-Subsidized 1 1
Mortgages
46 24/3/2025 2025 Corporate Plan Initiative Progress Report 1 1
660 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Presence of the Board of Directors
Quorum
SWB HRG JSM ENR AND EW NRP HP MIQ
1 1 1 1 1 Excusal 1 1 1 10
1 1 1 1 1 Excusal 1 1 1 10
1 1 1 1 1 Excusal 1 1 1 10
1 1 Excusal 1 1 1 1 1 1 9
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 Excusal 1 1 1 1 1 1 10
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 Excusal 1 1 1 1 10
1 1 1 1 Excusal 1 1 1 1 10
1 1 1 1 Excusal 1 1 1 1 10
1 1 1 1 Excusal 1 1 1 1 10
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 Excusal 1 1 Excusal 1 9
Official 1 1 1 1 1 Official 1 1 8
duty duty
Official 1 1 1 1 1 Official 1 1 8
duty duty
Official 1 1 1 1 1 Official 1 1 8
duty duty
1 1 1 1 Excusal 1 1 1 1 11
1 1 1 1 Excusal 1 1 1 1 11
1 1 1 1 Excusal 1 1 1 1 11
1 1 1 1 Excusal 1 1 1 1 11
1 1 1 1 Excusal 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 11
2025 Annual Report 661
Page 231
08 Corporate Governance
No. Tanggal Agenda
NPN OFR
47 27/3/2025 Follow-up Actions and Organizational Structure after the GMS 1 1
48 14/04/2025 General Agenda 1 1
49 14/04/2025 Update on JGB Progress 1 1
50 14/04/2025 Update on Corporate Plan 1 1
51 15/04/2025 Governance of the Board of Directors’ Committees (Transition 1 -
Period)
52 21/04/2025 General Agenda 1 1
53 22/04/2025 March 2025 Performance Review 1 1
54 28/04/2025 General Agenda 1 1
55 28/04/2025 Proposed Name, Logo, and Branding of BUS BTN and SO BUS BTN 1 1
56 28/04/2025 Supervision by the Sharia Supervisory Board of BTN’s Sharia 1 1
Business Unit
57 05/05/2025 Update on Leadership Forum Activities 1 1
58 05/05/2025 Update Corporate Plan 1 1
59 05/05/2025 Report on the Evaluation of the Effectiveness of the 1 1
Implementation of AML, CFT, and CPF Prevention Programs for the
First Quarter of 2025
60 05/05/2025 Update Project Hijra 1 1
61 05/05/2025 General Agenda 1 1
62 14/05/2025 Evaluation of Mortgage Business Processes 1 1
63 19/05/2025 General Agenda 1 1
64 19/05/2025 Update on Project Hijra 1 1
65 19/05/2025 Update on Securitization Progress and Cooperation with Ares 1 1
66 23/05/2026 Dormant Account Hensem Report 1 1
67 26/05/2025 General Agenda 1 -
68 26/05/2025 Evaluation of Mortgage Business Processes 1 -
69 26/05/2025 Update on Corporate Plan 1 -
70 02/06/2025 General Agenda 1 -
71 02/06/2025 Proposed Amendment to the 2025 Annual Budget and Business 1 -
Plan
72 02/06/2025 Update on Project Hijra 1 -
73 02/06/2025 2025 Revaluation 1 -
74 02/06/2025 Update Corporate Plan 1 -
75 10/06/2025 General Agenda 1 -
76 10/06/2025 Amendment to the 2025 Annual Budget and Business Plan 1 -
77 10/06/2025 Meeting of the Founders and Management of the Pension Fund 1 -
78 10/06/2025 Project PFAD 1 -
79 10/06/2025 Corporate Plan 1 -
80 11/06/2025 Performance Review Mei 2025 1 -
662 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Presence of the Board of Directors
Quorum
SWB HRG NRP EW TJC RS INS HAN HMT VY
1 1 1 1 1 1 1 1 1 1 12
1 - 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
- 1 1 1 1 1 1 1 - 1 10
- 1 1 - 1 1 1 1 1 1 10
1 - 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
- 1 - 1 1 1 1 1 1 1 10
1 - 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 12
1 - - 1 1 1 1 1 1 1 10
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 - 1 1 1 1 1 1 1 1 10
2025 Annual Report 663
Page 233
08 Corporate Governance
No. Tanggal Agenda
NPN OFR
81 11/06/2025 Corporate Plan BPI Coll, Digitazion, Optimizing Branch Service 1 1
Journey
82 16/06/2025 Amendment to Work Unit KPIs 1 1
83 23/06/2025 General Agenda 1 1
84 23/06/2025 Update on Jakim 2025 1 1
85 23/06/2025 Results of Control Testing of PT Citra Asri Konstruksindo at Jakarta 1 1
Harmoni Branch Office
86 23/06/2025 Presentation of BTN’s Service Strategy toward Achieving Top ¬3 1 1
BSEM MRI Position
87 23/06/2025 Update Corporate Plan Bundled Payroll 1 1
88 30/06/2025 General Agenda - 1
89 30/06/2025 Remumeration 1 1
90 07/07/2025 General Agenda 1 1
91 07/07/2025 Update Project Hijra 2.0 1 1
92 07/07/2025 Update Corporate Plan Retail Deposit War Room 1 1
93 08/07/2025 Refinement of Senior Executive Vice President (SEVP) Provisions) 1 1
94 14/07/2025 General Agenda 1 1
95 14/07/2025 Update on Readiness for Switch Over and Switch Back of the Core 1 1
Banking System
96 14/07/2025 June 2025 Performance Review 1 1
97 14/07/2025 Update on the Corporate Plan: Central Sales Management 1 1
Discussion
98 21/07/2025 General Agenda 1 1
99 21/07/2025 Kick-off of Mortgage Online Enhancement 1 1
100 28/07/2025 General Agenda 1 -
101 28/07/2025 Update Progres Subordinasi 1 -
102 28/07/2025 Update Switch Over Switch Back 1 -
103 28/07/2025 BTN Loan Factory 1 -
104 28/07/2025 Update Corporate Plan Pembahasan High Yield Loan 1 -
105 04/08/2025 General Agenda 1 1
106 04/08/2025 Update Pilot 8 BFS Consumer 1 1
107 04/08/2025 Update on the Corporate Plan: Geographical Play Discussion 1 1
108 08/08/2025 Performance Review Juli 2025 1 1
109 11/08/2025 General Agenda 1 1
110 11/08/2025 Update on the Corporate Plan: BPI Collection Discussion 1 1
111 19/08/2025 Supervision by the Sharia Supervisory Board of BTN’s Sharia Official duty 1
Business Unit
112 19/08/2025 Update Project Hijra 2.0 1 1
113 25/08/2025 General Agenda 1 1
664 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Presence of the Board of Directors
Quorum
SWB HRG NRP EW TJC RS INS HAN HMT VY
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 - 1 1 1 1 1 1 1 1 10
1 - 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 Excusal Excusal 1 1 1 10
1 1 1 1 1 Excusal Excusal 1 1 1 10
1 1 1 1 1 Excusal Excusal 1 1 1 10
1 1 1 1 1 Excusal Excusal 1 1 1 10
1 1 1 1 1 1 1 1 1 1 12
1 - 1 1 1 1 1 1 1 1 11
1 1 1 1 1 - 1 1 1 1 10
1 1 1 1 1 - 1 1 1 1 10
1 1 1 1 1 - 1 1 1 1 10
1 1 1 1 1 - 1 1 - 1 10
1 1 1 1 1 1 1 1 - 1 10
- 1 1 - 1 1 1 1 1 1 10
- 1 1 - 1 1 1 1 1 1 10
- 1 1 - 1 1 1 1 1 1 10
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 - 1 1 1 1 1 1 11
1 1 Official Official 1 Official 1 Official 1 1 7
duty duty duty duty
1 1 - - 1 1 1 1 1 1 10
1 1 1 1 1 1 1 1 - 1 11
2025 Annual Report 665
Page 235
08 Corporate Governance
No. Tanggal Agenda
NPN OFR
114 25/08/2025 Exit Meeting of the Audit of Financial Statements as of June 30, 1 -
2025 by KAP PSS-EY
115 25/08/2025 End-State Governance of the Board of Directors’ Committees 1 -
116 25/08/2025 Update on the Corporate Plan: Digitization Discussion 1 -
117 01/09/2025 General Agenda 1 1
118 01/09/2025 Evaluation of the Distribution of Non-Subsidized Mortgages and 1 1
KAR
119 01/09/2025 Merchant Acquire 1 1
120 08/09/2025 General Agenda 1 -
121 08/09/2025 Update on Housing KUR 1 -
122 08/09/2025 Update Project Triple 8 1 -
123 09/09/2025 August 2025 Performance Review 1 1
124 15/09/2025 General Agenda 1 1
125 22/09/2025 General Agenda 1 1
126 22/09/2025 Collection of Directors’ Aspirations/General Policy for the 2026 1 1
Annual Budget and Business Plan
127 22/09/2025 Update on the Corporate Plan: Client Service Team Discussion 1 1
128 29/09/2025 General Agenda 1 1
129 29/09/2025 BTN Group Principle Guideline 1 1
130 29/09/2025 Update Cash Management/Bale Korpora Official duty 1
131 06/10/2025 General Agenda 1 1
132 06/10/2025 Update on the Corporate Plan: Wholesale Deposit War Room 1 1
Discussion
133 06/10/2025 Plan for the Implementation of the 2025 Top Team Workshop 1 1
Agenda
134 07/10/2025 September 2025 Performance Review 1 1
135 13/10/2025 General Agenda 1 1
136 13/10/2025 Costs for Spin-off Activities, BSN Operations, and Utilization of BTN 1 1
Buildings
137 13/10/2025 Treasury Management System Application 1 1
138 13/10/2025 Update on the Corporate Plan: Transaction Banking Discussion 1 1
139 20/10/2025 General Agenda 1 1
140 20/10/2025 Kick-off Meeting for the Audit of BTN’s Financial Statements as of 1 1
December 31, 2025
141 20/10/2025 Proposed 2026 Annual Budget and Business Plan 1 1
142 20/10/2025 Treasury Management System Application (...) 1 1
143 20/10/2025 PIP for the Procurement of Contractors for the Construction of the 1 1
Sumbagsel Regional Office and BTN Pringgokusuman
144 27/10/2025 Overview Management Letter 1 1
666 2025 Annual Report
Page 236
PT Bank Tabungan Negara (Persero) Tbk
Presence of the Board of Directors
Quorum
SWB HRG NRP EW TJC RS INS HAN HMT VY
1 1 1 1 1 1 1 1 - 1 10
1 1 1 1 1 1 1 1 - 1 10
1 1 1 1 1 1 1 1 - 1 10
1 1 1 1 1 1 1 1 - 1 11
1 1 1 1 1 1 1 1 - 1 11
1 1 1 1 1 1 1 1 - 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 11
1 1 1 1 1 1 1 1 1 1 12
1 Excusal 1 1 1 1 1 Official 1 1 10
duty
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 Official 1 1 1 Official 1 1 1 1 9
duty duty
1 1 1 Official 1 1 1 1 1 1 11
duty
1 1 1 Official 1 1 1 1 1 1 11
duty
1 1 1 Official 1 1 1 1 1 1 11
duty
1 1 1 Official 1 1 1 1 1 1 11
duty
1 1 1 1 1 1 1 Excusal 1 1 11
1 1 1 1 1 1 1 Excusal 1 1 11
1 1 1 1 1 1 1 Excusal 1 1 11
1 1 1 1 1 1 1 Excusal 1 1 11
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
2025 Annual Report 667
Page 237
08 Corporate Governance
No. Tanggal Agenda
NPN OFR
145 27/10/2025 Update on RUPSLB Progress 1 1
146 27/10/2025 General Agenda 1 1
147 03/11/2025 Board of Directors’ Meeting with the Sharia Supervisory Board Official duty 1
(DPS)
148 04/11/2025 General Agenda 1 1
149 04/11/2025 EGMS 1 1
150 04/11/2025 Update on the Corporate Plan: Bundled Payroll Discussion 1 1
151 11/11/2025 General Agenda 1 1
152 11/11/2025 Update on Project Triple 8 1 1
153 11/11/2025 October 2025 Performance Review 1 1
154 11/11/2025 EGMS 1 1
155 18/11/2025 2026 Corporate Plan Initiatives 1 1
156 18/11/2025 BSN Valuation 1 1
157 18/11/2025 General Agenda 1 1
158 25/11/2025 General Agenda 1 1
159 25/11/2025 Amendment to Organizational Structure 1 1
160 25/11/2025 Discussion on Joint Decree 1 1
161 25/11/2025 Proposed 2026 Annual Budget and Business Plan 1 1
162 02/12/2025 General Agenda 1 1
163 02/12/2025 Discussion on Service Quality Improvement Strategy to Achieve 1 1
CX100 Danantara
164 02/12/2025 Principle Approval for the Construction of JaBaNus Regional 1 1
Office and Surabaya Branch Office Building
165 02/12/2025 Determination of Proposed RA RT 1 1
166 09/12/2025 General Agenda 1 1
167 09/12/2025 Update on Control Mitigation for Current Trends in Digital Fraud 1 1
and Cyber Attacks
168 10/12/2025 Performance Review November 2025 Official duty 1
169 16/12/2025 General Agenda 1 1
170 16/12/2025 Update on Readiness for Year-End 2025 – IT Directorate 1 1
171 16/12/2025 Proposed 2026 KPIs 1 1
172 23/12/2025 General Agenda 1 1
173 30/12/2025 General Agenda Leave taking 1
668 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Presence of the Board of Directors
Quorum
SWB HRG NRP EW TJC RS INS HAN HMT VY
1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
1 Official 1 1 1 1 1 1 1 1 10
duty
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1 Official 1 1 1 1 1 1 1 1 11
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1 1 1 1 1 1 1 1 1 1 12
1 1 1 1 1 1 1 1 1 1 12
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1 Official 1 1 1 1 1 1 1 1 11
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1 Official 1 1 1 1 1 1 1 1 11
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1 1 1 Official 1 1 1 1 1 1 11
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duty duty
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taking
2025 Annual Report 669
Page 239
08 Corporate Governance
Joint Board of Directors Meeting with the Board of Commissioners
Throughout 2025, the agenda, dates and participants of the joint meeting of the Board of Directors and the Board of
Commissioners were as follow.
No. Meeting Date Meeting Agenda
1. February 19, 2025 1. Bankwide and SUB Performance Review for 2024 (Audited) and Achievement of the Board of
Directors’ Collegial Key Performance Indicators (KPIs) for 202;
2. Bankwide and SUB Performance Review up to January 2025;
3. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan at the Bankwide and SUB up to
January 2025;
4. Progress on the Implementation of Internal Control over Financial Reporting (ICOFR) in
accordance with regulations and monitoring of follow-up actions on the ICOFR Diagnostic
Review;
5. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects, up
to January 2025;
6. Progress on Updates to Project Hijra and Preparation for the Spin-off of the SUB.
2. April 23, 2025 1. Bankwide and SUB Performance Review and Achievement of the Board of Directors’ Collegial Key
Performance Indicators (KPIs) for March 2025;
2. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan at the Bankwide and SUB up to
March 2025;
3. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects, up
to March 2025;
4. Progress on the Implementation of Internal Control Over Financial Reporting (ICOFR) in
accordance with regulations and monitoring of follow-up actions on the ICOFR Diagnostic
Review;
5. Progress on Updates to Project Hijra and Preparation for the Spin-off of the SUB;
6. The Bank’s strategy and readiness in supporting the Zero Housing Backlog Program;
7. Evaluation and monitoring of New Bank Products (PBB) and Activities for the Bank’s Interest
(KuKB), including Profitability Aspects, up to March 202.
3. May 21, 2025 1. Bankwide and SUB Performance Review up to April 2025;
2. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan for Bankwide and SUB up to April
2025;
3. Progress on the Implementation of Internal Control Over Financial Reporting (ICOFR) in
accordance with regulations and monitoring of follow-up actions on the ICOFR Diagnostic
Review;
4. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects, up
to April 2025;
5. Progress on Updates to Project Hijra and Preparation for the Spin-off of SUB
4. June 16, 2025 1. Proposed Amendment to the Bank Business Plan for 2025–2027 and the 2025 Annual Budget and
Business Plan.
2. Bankwide and SUB Performance Review up to May 2025;
3. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan at the Bankwide and SUB up to
May 2025;
4. Progress on the Implementation of Internal Control Over Financial Reporting (ICOFR) in
accordance with regulations and monitoring of follow-up actions on the ICOFR Diagnostic
Review;
5. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects, up
to May 2025;
6. Progress on Updates to Project Hijra and Preparation for the Spin-off of SUB.
670 2025 Annual Report
Page 240
PT Bank Tabungan Negara (Persero) Tbk
Board of Directors Board of Commissioners
Meeting Attendees Attendance Meeting Attendees Attendance
1. Nixon L.P. Napitupulu 1. Present 1. Chandra M. Hamzah 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Iqbal Latanro 2. Present
3. Andi Nirwoto 3. Present 3. Armand B. Arief 3. Present
4. Elisabeth Novie Riswanti 4. Present 4. Sentot A. Sentausa 4. Present
5. Jamin 5. Present 5. Andin Hidayanto 5. Present
6. Setiyo Wibowo 6. Present 6. Herry Trisaputra Zuna 6. Present
7. Hirwandi Gafar 7. Present 7. Himawan Arief Sugoto 7. Present
8. Nofry Rony Poetra 8. Present 8. Adi Sulistyowati 8. Present
9. Eko Waluyo 9. Present 9. Bambang Widjanarko 9. Present
10. Hakim Putratama 10. Not Present
11. Muhammad Iqbal 11. Present
1. Nixon L.P. Napitupulu 1. Present 1. Suryo Utomo 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Dwi Ary Purnomo 2. Present
3. Setiyo Wibowo 3. Not Present 3. Pietra Machreza Paloh 3. Present
4. Hirwandi Gafar 4. Present 4. Panangian Simanungkalit 4. Present
5. Nofry Rony Poetra 5. Present 5. Ida Nuryanti 5. Present
6. Eko Waluyo 6. Not Present 6. Fahri Hamzah 6. Present
7. Rully Setiawan 7. Present
8. I Nyoman Sugiri Yasa 8. Present
9. Hermita 9. Present
10. Tan Jacky Chen 10. Present
11. Venda Yuniarti 11. Present
12. Helmy Afrisa Nugroho 12. Present
1. Nixon L.P. Napitupulu 1. Present 1. Suryo Utomo 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Dwi Ary Purnomo 2. Present
3. Setiyo Wibowo 3. Present 3. Pietra Machreza Paloh 3. Present
4. Hirwandi Gafar 4. Not Present 4. Panangian Simanungkalit 4. Present
5. Nofry Rony Poetra 5. Not Present 5. Ida Nuryanti 5. Present
6. Eko Waluyo 6. Present 6. Fahri Hamzah 6. Not Present
7. Rully Setiawan 7. Present
8. I Nyoman Sugiri Yasa 8. Present
9. Hermita 9. Present
10. Tan Jacky Chen 10. Present
11. Venda Yuniarti 11. Present
12. Helmy Afrisa Nugroho 12. Present
1. Nixon L.P. Napitupulu 1. Present 1. Suryo Utomo 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Dwi Ary Purnomo 2. Present
3. Setiyo Wibowo 3. Present 3. Pietra Machreza Paloh 3. Present
4. Hirwandi Gafar 4. Present 4. Panangian Simanungkalit 4. Present
5. Nofry Rony Poetra 5. Present 5. Ida Nuryanti 5. Present
6. Eko Waluyo 6. Present 6. Fahri Hamzah 6. Present
7. Rully Setiawan 7. Present
8. I Nyoman Sugiri Yasa 8. Present
9. Hermita 9. Present
10. Tan Jacky Chen 10. Present
11. Venda Yuniarti 11. Present
12. Helmy Afrisa Nugroho 12. Present
2025 Annual Report 671
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08 Corporate Governance
No. Meeting Date Meeting Agenda
5. October 22, 2025 1. Bankwide Performance Review, SUB Performance Review, and Achievement of the Board of
Directors’ Collegial KPIs up to September 2025;
2. Proposed Draft of the 2026 Annual Budget and Business Plan;
3. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan at the Bankwide and SUB up to
September 2025;
4. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects;
5. Progress on the SUB Spin-off and Capital Strengthening Strategy;
6. Monitoring of the Completion of Principal Credit Documents.
6. December 17, 2025 1. Bankwide and SUB Performance Review up to November 2025;
2. Monitoring of Risk Appetite, Risk Tolerance, and Recovery Plan at the Bankwide level up to
November 2025;
3. Progress on the Implementation of Corporate Plan Initiatives, including Profitability Aspects, up
to November 2025;
4. Preparation for the Operations of Bank Syariah Nasional (BSN);
5. Monitoring of the Completion of Principal Credit Documents (LAT & DAT);
6. Rehearsal of the Extraordinary General Meeting of Shareholders (EGMS).
The implementation of joint meetings of the Board of Commissioners and the Board of Directors throughout 2025
is presented in the Board of Commissioners Meetings section of the Corporate Governance Chapter in this Annual
Report.
672 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Board of Directors Board of Commissioners
Meeting Attendees Attendance Meeting Attendees Attendance
1. Nixon L.P. Napitupulu 1. Present 1. Suryo Utomo 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Dwi Ary Purnomo 2. Present
3. Setiyo Wibowo 3. Present 3. Pietra Machreza Paloh 3. Present
4. Hirwandi Gafar 4. Present 4. Panangian Simanungkalit 4. Present
5. Nofry Rony Poetra 5. Present 5. Ida Nuryanti 5. Present
6. Eko Waluyo 6. Present 6. Fahri Hamzah 6. Not Present
7. Rully Setiawan 7. Present
8. I Nyoman Sugiri Yasa 8. Present
9. Hermita 9. Present
10. Tan Jacky Chen 10. Present
11. Venda Yuniarti 11. Present
12. Helmy Afrisa Nugroho 12. Present
1. Nixon L.P. Napitupulu 1. Present 1. Suryo Utomo 1. Present
2. Oni Febriarto Rahardjo 2. Present 2. Dwi Ary Purnomo 2. Present
3. Setiyo Wibowo 3. Present 3. Pietra Machreza Paloh 3. Present
4. Hirwandi Gafar 4. Present 4. Panangian Simanungkalit 4. Present
5. Nofry Rony Poetra 5. Present 5. Ida Nuryanti 5. Present
6. Eko Waluyo 6. Present 6. Fahri Hamzah 6. Present
7. Rully Setiawan 7. Present
8. I Nyoman Sugiri Yasa 8. Present
9. Hermita 9. Present
10. Tan Jacky Chen 10. Present
11. Venda Yuniarti 11. Present
12. Helmy Afrisa Nugroho 12. Present
2025 Annual Report 673
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08 Corporate Governance
Frequency and Attendance of Board of Directors Meetings
Table of Frequency and Attendance of Board of Directors Meetings
Board of Commissioners
Meeting Inviting the Board
Board of Directors Meetings of Directors and Board of GMS
Directors Meeting Inviting
the Board of Commissioners Attendance
Name Position Rate of All
Number and Percentage of Number and Percentage of Number and Percentage of Meetings
Attendance Attendance Attendance
Number Number Number
Number of Number of Number of
of % of % of %
Attendances Attendances Attendances
Meetings Meetings Meetings
Nixon L.P President 173 164 94% 12 12 100% 2 2 100% 95%
Napitupulu Director
Oni Febriarto Vice President 173 146 84% 12 12 100% 2 2 100% 85%
Rahardjo Director
Andi Director of 46 41 89% 3 2 66% 1 1 100% 88%
Nirwoto* Information
Technology
Elisabeth Director 46 46 100% 3 3 100% 1 1 100% 100%
Novie of Assets
Riswanti* Management
Jasmin* Director of 46 44 95% 3 3 100% 1 1 100% 96%
Distribution &
Institutional
Banking
Setiyo Director of Risk 173 160 92% 12 11 91% 2 2 100% 92%
Wibowo Management
Hirwandi Director of 173 149 86% 12 10 83% 2 2 100% 86%
Gafar Consumer
Banking
Nofry Rony Director of 173 166 95% 12 10 83% 2 2 100% 95%
Poetra Finance &
Strategy
Eko Waluyo Director 173 153 88% 12 11 91% 2 2 100% 89%
of Human
Capital &
Compliance
Hakim Director of 46 45 98% 3 2 66% 1 1 100% 96%
Putratama* Operations
& Customer
Experience
Muhammad Director of 46 43 93% 3 3 100% 1 1 100% 94%
Iqbal* SME & Retail
Funding
Rully Director of 127 117 92% 5 5 100% 1 1 100% 92%
Setiawan** Network &
Retail Funding
I Nyoman Director of 127 123 96% 5 5 100% 1 1 100% 96%
Sugiri Yasa** Operations
Hermita** Director of 127 116 91% 5 5 100% 1 1 100% 91%
Commercial
Banking
Tan Jacky Director of 127 127 100% 4 4 100% 1 1 100% 100%
Chen** Information
Technology
Venda Director of 127 127 100% 4 4 100% 1 1 100% 100%
Yuniarti** Treasury &
International
Banking
674 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Board of Commissioners
Meeting Inviting the Board
Board of Directors Meetings of Directors and Board of GMS
Directors Meeting Inviting
the Board of Commissioners Attendance
Name Position Rate of All
Number and Percentage of Number and Percentage of Number and Percentage of Meetings
Attendance Attendance Attendance
Number Number Number
Number of Number of Number of
of % of % of %
Attendances Attendances Attendances
Meetings Meetings Meetings
Helmy Afrisa Director of 127 121 95% - - - - - - 95%
Nugroho*** Corporate
Banking
*) Dismissed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025.
**) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and had passed the OJK fit and proper
test.
***) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and was currently undergoing the OJK fit
and proper test.
Training and/or Improving The Competence of Board of Directors Members
The policy on mandatory training and/or competency improvement for members of the Board of Directors has been
regulated in the Good Corporate Governance Guidelines. The training program for members of the Board of Directors
includes:
1. Knowledge enhancement programs are conducted to improve the effectiveness of the Board of Directors’
performance.
2. Each member of the Board of Directors who participates in knowledge enhancement programs, such as seminars
and/or training programs, is required to deliver a presentation to other members to share information and
knowledge.
3. Materials obtained from knowledge enhancement programs must be properly documented in a separate section.
Documentation is the responsibility of the Corporate Secretary. Such materials must be available when required.
The training and/or competency improvement that the Board of Directors has participated in during 2025 is as follows.
Type of Training and
Time and place
Name Position Competency Development Organizer
Implementation
Program
Nixon L.P President Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Napitupulu Director Leadership and Customer Centricity Negara (Persero) Tbk
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Oni Febriarto Vice President Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Rahardjo Director Leadership and Customer Centricity Negara (Persero) Tbk
Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Andi Nirwoto* Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Information Leadership and Customer Centricity Negara (Persero) Tbk
Technology
Generative Artificial Intelligence: Cambridge, UK, February Cambridge Judge
From Hype to Business Impact 24-26, 2025 Business School
Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
2025 Annual Report 675
Page 245
08 Corporate Governance
Type of Training and
Time and place
Name Position Competency Development Organizer
Implementation
Program
Elisabeth Novie Director of Assets Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Riswanti* Management Leadership and Customer Centricity Negara (Persero) Tbk
Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
Jasmin* Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Distribution & Leadership and Customer Centricity Negara (Persero) Tbk
Institutional
Banking Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
Setiyo Wibowo Director of Risk Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Management Leadership and Customer Centricity Negara (Persero) Tbk
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Hirwandi Gafar Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Consumer Leadership and Customer Centricity Negara (Persero) Tbk
Banking
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Nofry Rony Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Poetra Finance & Leadership and Customer Centricity Negara (Persero) Tbk
Strategy
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Eko Waluyo Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Human Capital & Leadership and Customer Centricity Negara (Persero) Tbk
Compliance
Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Hakim Director of Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Putratama* Operations Leadership and Customer Centricity Negara (Persero) Tbk
& Customer
Experience
Muhammad Director of SME & Win the Market with Digital Jakarta, February 7, 2025 PT Bank Tabungan
Iqbal* Retail Funding Leadership and Customer Centricity Negara (Persero) Tbk
Risk Management Certification Level Jakarta, March 13, 2025 Garda Multi Talenta
7 Refreshment Program
Rully Director of BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Setiawan** Network & Retail
Funding Risk Management Certification Jakarta, April 24-25, 2025 Indonesian Risk
Level 7 Competency Training and Professional
Examination Association (IRPA)
Program Executive Overview for Jakarta, April 29-30, 2025 Lembaga
Board of Director (BoD) Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
676 2025 Annual Report
Page 246
PT Bank Tabungan Negara (Persero) Tbk
Type of Training and
Time and place
Name Position Competency Development Organizer
Implementation
Program
I Nyoman Director of BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Sugiri Yasa** Operations
Risk Management Certification Jakarta, April 24-25, 2025 Indonesian Risk
Level 7 Competency Training and Professional
Examination Association (IRPA)
Executive Overview Program for Jakarta, April 29-30, 2025 Lembaga
Board of Directors Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Hermita** Director of BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Commercial
Banking Risk Management Certification Jakarta, April 24-25, 2025 Indonesian Risk
Level 7 Competency Training and Professional
Examination Association (IRPA)
Executive Overview Program for the Jakarta, April 29-30, 2025 Lembaga
Board of Directors (BoD) Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Tan Jacky Director of KBUMN BOD-1 Competency Jakarta, March 6, 2025 Lembaga
Chen** Information Development Program Pengembangan
Technology Perbankan Indonesia
BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Fast-Track Risk Management Jakarta, April 29-30, 2025 Lembaga
Certification Level 7 Competency Pengembangan
Training and Examination Perbankan Indonesia
Executive Overview Program for the Jakarta, April 29-30, 2025 Lembaga
Board of Directors (BoD) Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Venda Director of BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Yuniarti** Treasury &
International Risk Management Certification Jakarta, April 29-30, 2025 Lembaga
Banking Level 7 Competency Training and Pengembangan
Examination Perbankan Indonesia
Executive Overview Program for the Jakarta, April 29-30, 2025 Lembaga
Board of Directors (BoD) Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
Helmy Afrisa Director of BOD Retreat Connecting Leaders Malang, April 16-17, 2025 Rumah Perubahan
Nugroho*** Corporate
Banking Fast-Track Risk Management Jakarta, April 29-30, 2025 Lembaga
Certification Level 7 Competency Pengembangan
Training and Examination Perbankan Indonesia
Executive Overview Program for the Jakarta, April 29-30, 2025 Lembaga
Board of Directors (BoD) Pengembangan
Perbankan Indonesia
BTN Leadership Forum 3 - 2025 "One Solo, May 15-16, 2025 PT Bank Tabungan
Vision, One Team" Negara (Persero) Tbk
*) Dismissed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025.
**) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and had passed the OJK fit and proper
test..
***) Appointed through the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025, and was currently undergoing the OJK fit
and proper test process..
2025 Annual Report 677
Page 247
08 Corporate Governance
Orientation Program for New Members of The Board of Directors
The Company has always held an Orientation Program or Introduction for newly-appointed members of the Board of
Directors to be acquainted with one another and establish cooperation as a solid, comprehensive, effective team. The
Orientation Program also aims to provide insight into the condition of the Company in general. The Board of Directors’
orientation program includes:
1. Implementation of Good Corporate Governance and Code of Conduct principles in the Company.
2. Description regarding the duties and responsibilities of the Board of Commissioners and Board of Directors and
other restrictions.
3. Overview of the Company in terms of the objectives, nature, and scope of the Company’s activities, financial
performance, and strategies, as well as the Company’s short and long-term plans, risks, Internal Control, and other
strategic issues.
4. Information regarding delegated authority, Internal and External Audits, Internal Control systems and policies, and
the Audit Committees.
During 2025, an orientation program was conducted for newly appointed members of the Board of Directors, namely:
1. Mr. Rully Setiawan as Director of Network & Retail Funding;
2. Mr. I Nyoman Sugiri Yasa as Director of Operations;
3. Ms. Hermita as Director of Commercial Banking;
4. Ms. Venda Yuniarti as Director of Treasury & International Banking;
5. Mr. Tan Jacky Chen as Director of Information Technology; and
6. Mr. Helmy Afrisa Nugroho as Director of Corporate Banking.
with the following schedule and agenda:
No. Agenda Implementation Date
1. Orientation on Directors’ Facilities and the Company’s Objectives and Scope of April 14, 2025
Activities in accordance with the Articles of Association
2. Orientation on Compliance, GCG, Working Relationship between the Board of April 14, 2025
Commissioners and the Board of Directors, and Rules of Procedure of the Board of
Directors
3. Orientation on Financial Performance, Strategy, Short-Term and Long-Term Business April 14, 2025
Plans, and Competitive Position
4. Orientation on Corporate Culture April 14, 2025
5. Orientation on Internal Control System, Internal and External Audit July 2, 2025
6. Orientation on Governance of Policies and Procedures July 2, 2025
7. Orientation on Risk Management and Bank Soundness Level July 2, 2025
Implementation of Directors' Duties
Throughout 2025, all members of the Board of Directors have carried out management duties and their accountability
reports have been submitted to the Board of Commissioners in the form of:
1. Performance Review Report
2. Bank’s Soundness Level Report
3. Compliance Function Fulfillment Report
4. Corporate Governance Implementation Report
5. Audit Findings Follow-up Report
The Board of Directors has also implemented the principles of Corporate Governance in every business activity of the
Company at all organizational levels during 2024, as follows:
1. Implement corporate governance criteria in accordance with OJK Regulation and BUMN Ministerial Regulations.
2. Implement corporate governance according to the ASEAN CG Scorecard criteria.
3. Socialization and implementation of the Code of Conduct.
4. Gratification report to the Corruption Eradication Commission.
678 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
5. Self Assessment of the Implementation of Corporate Management Unit. The performance of the Corporate
Governance in accordance with OJK Regulation. Secretary, Internal Audit Unit, and Risk Management
6. Prepare and submit Annual Reports and Sustainability Unit is assessed based on Key Performance Indicators
Reports. (KPIs), namely Main Targets, Collaboration, Initiative,
and other indicators. The achievement of the 2024 KPIs
Performance Assessment of Committees for the Corporate Secretary, Internal Audit Unit, and
Under The Board of Directors, Corporate Risk Management Unit exceeded 100%. The Corporate
Secretary, Internal Audit Unit, Risk Secretary, Internal Audit Unit, and Risk Management Unit
Management Unit, and Their Assessment have carried out their duties accordingly.
Basis
Mechanism for The Resignation and
The Company has established and set forth the structure Dismissal of The Board of Directors
and membership of the Committees to assist the duties
of the Board of Directors. The supporting Committees GMS may dismiss any member of the Board of Directors
have a role in monitoring, creating effectiveness in at any time if, for the reasons concerned, they do the
problem-solving, and developing strategic aspects following:
proposed by the Company, in accordance with the 1. Unable/inadequate in fulfilling his/her obligations
prevailing legislation. These Committees consist of: agreed upon in the management contract.
1. Risk Management Committee 2. Unable to properly perform his/her responsibilities.
2. Integrated Risk Management Committee 3. Violating the provisions of the Articles of Association
3. Asset and Liability Management Committee (ALCO) and/or laws and regulations.
4. Credit Policy Committee 4. Involved in actions that harm the Company and/or
5. Credit Committee the State.
6. Human Capital Committee 5. Committing any actions that violate ethics and/or
7. Information Technology Steering Committee performing bad manners as members of the Board
8. Transformation Committee of Directors.
9. Business Committee 6. Declared guilty by a court decision with permanent
10. Environmental, Social, and Governance Committee legal force.
(ESG) 7. Resigned.
11. Capital and Subsidiary Committee 8. Other reasons deemed appropriate by the GMS for
the interests and objectives of the Company.
The assessment of performance effectiveness for
committee under the Board of Directors in assisting the The decision on dismissal for the aforementioned
company management was necessarily conducted. The reasons is made after the respective individual has
performance assessment procedure for committees been given the opportunity to present his/her defense.
under the Board of Directors is carried out by the Board
of Directors periodically, with the assessment criteria for In the event of consanguineous relation up to the
the performance of the Committees under the Board of third degree, both lineal and collateral, and an affinity
Directors being the fulfillment of meeting implementation, (in-laws) relationship between any member of the
attendance at meetings, and performance achievements Board of Directors and any member of the Board of
during the fiscal year as well as the competence of the Commissioners, GMS shall have the authority to dismiss
Committees under the Board of Directors. During 2025, one of them.
the Board of Directors assessed that the committees
under the Board of Directors had carried out their duties A member of the Board of Directors may resign from
and responsibilities properly. his/her position before his/her term of office ends. In the
event that a member of the Board of Directors resigns,
In addition to being supported by Committees under the the resigning member must submit a written resignation
Board of Directors, in carrying out its duties the Board of request regarding his/her purpose to the company.
Directors is also supported by supporting units, including
the Corporate Secretary, Internal Audit Unit, and Risk
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08 Corporate Governance
The Company must hold GMS to make a decision 2. The Board of Commissioners must carry out its duties,
regarding the resignation request of such member of authority, and responsibilities in good manner, taking
the Board of Directors at most 90 (ninety) days after into account the interests of Shareholders, and with
receiving the resignation letter. The position of a Member the principle of prudence.
of the Board of Directors shall be terminated if: 3. In performing the supervisory duties, the Board of
1. The resignation has been effective. Commissioners must direct, monitor, and evaluate
2. The said person passes away. the implementation of integrated governance,
3. The term of office ends. risk management and compliance, as well as the
4. The said person is dismissed by GMS resolution. Company’s strategic policies, in accordance with
5. The said person is declared bankrupt by a the provisions of laws and regulations, the articles of
Commercial Court, which has permanent legal association, and/or GMS decisions.
force, or is placed under receivership under a court 4. Assess the effectiveness and efficiency of the internal
decision. control system based on information obtained from
6. The said person is no longer deemed qualified the Internal Audit Unit at least once a year, as well as
as a member of the Board of Directors under the oversee and provide advice on the implementation
provisions of the Articles of Association and laws and of other internal audit functions in accordance
regulations, including as a holder of any restricted with applicable laws and regulations, the Articles
concurrent positions.. of Association, and/or resolutions of the General
Meeting of Shareholders (GMS)/Minister.
Members of the Board of Directors can be temporarily 5. The Board of Commissioners is responsible to
dismissed by the Board of Commissioners by stating the supervise the Directors’ follow-up on audit findings
reasons if they act contrary to the Articles of Association, or examinations and recommendations from
there are indications that they are taking actions that the Company’s internal audit work unit, external
are detrimental to the Company, they are neglecting auditors, Sharia Supervisory Board (DPS), results of
their obligations, or there are urgent reasons for the supervision by the Financial Services Authority (OJK),
Company by considering the provisions stipulated by and/or results of supervision by other authorities and
the Articles of Association. The decision to strengthen institutions.
or revoke the temporary dismissal of a member of 6. The Board of Commissioners is responsible for the
the Board of Directors by a member of the Board of development of the Company’s Sharia Business Unit.
Commissioners is stipulated in the GMS. 7. The Board of Commissioners carries out other
obligations in the course of its supervisory and
advisory duties, provided they do not conflict with
Board of Commissioners applicable laws and regulations, the Articles of
Association, and General Meeting of Shareholders
The Board of Commissioners is a corporate body (GMS) resolutions.
responsible for overseeing the company, both generally 8. In performing the supervisory duties, the Board of
and specifically, in accordance with the Articles of Commissioners is prohibited from participating in
Association, as well as providing advice to the Board decision making on the Company’s operational
of Directors in the best interests of the Company, activities, except:
Shareholders, and stakeholders. a. providing funds to related parties in accordance
with the Financial Services Authority Regulations
Duties and Responsibilities of The Board of regarding the maximum limit for granting credit
Commissioners and providing large funds for public companies
and the Financial OJK Regulation regarding
The duties and responsibilities of the Board of the maximum limits for distributing funds
Commissioners as stipulated in the Board of and distributing large funds for sharia public
Commissioners’ Work Guidelines and Code of Conduct companies; and
are as follows: b. other matters stipulated in the Company’s
1. The Board of Commissioners is responsible articles of association or statutory provisions.
for supervising the Company’s policies and 9. Decision making on the Company’s operational
management of the Board of Directors, providing activities by the Board of Commissioners as referred
advice to the Board of Directors, and is responsible for to in number 6 is part of the supervisory duties of the
such supervision, in accordance with the Company’s Board of Commissioners so that it does not negate
goals and objectives as stipulated in the provisions the responsibility of the Board of Directors for the
of laws and regulations, the articles of association implementation of the Company’s management.
and GMS decisions.
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10. The Board of Commissioners reviews affiliate Authorities of The Board of Commissioners
transactions to ensure that they do not involve
conflicts of interest, all material information has been The authority of the Board of Commissioners as regulated
disclosed, and the information is not misleading. in the Board of Commissioners’ Work Guidelines and
Additionally, the Board reviews conflictof-interest Regulations is as follows:
transactions by ensuring that all material information 1. The Board of Commissioners accepts and
is disclosed and is not misleading. implements the authority delegated and/or granted
11. The Board of Commissioners is responsible to report to the Board of Commissioners in accordance with
to the Financial Services Authority (OJK) no later the provisions of statutory regulations, articles of
than 5 (five) working days from the discovery of: association, and/or GMS decisions.
a. violation of statutory provisions in the fields 2. The Board of Commissioners has the authority to
of finance, banking, and those related to the give approval to strategic plans, activities, reports
Company’s business activities; and/or and/or other documents prepared by the Board of
b. circumstances or predicted circumstances that Directors and require approval from the Board of
could endanger the continuity of the Company’s Commissioners by considering the provisions in the
business. articles of association, statutory regulations, and the
12. The Board of Commissioners follows developments determination of Series A Dwiwarna Shareholders.
in the Company’s activities and provides opinions, 3. The Board of Commissioners has the right to examine
suggestions and/or explanations to the GMS, the Company’s documents, inspect the Company’s
including but not limited to controlling shareholders, assets, check the condition of cash and securities,
regarding any issues deemed important to the enter the grounds and buildings controlled and/or
management of the Company. used by the Company, and find out about all policies
13. Each member of the Board of Commissioners is jointly and actions that have been, are being, and has been
and severally liable for the Company’s losses which implemented by the Board of Directors.
are caused by errors or negligence from a fellow 4. The Board of Commissioners has the right to
member of the Board of Commissioners in carrying establish communication and request information
out their duties unless he/ she is able to provide and/or clarification from the Board of Directors and/
evidence as stated in the Articles of Association. or Executive Officers regarding any matters related
to the management of the Company, including
Duties and Responsibilities of The President requesting the Board of Directors and/or Executive
Commissioner Officers to attend the Board of Commissioners’
meetings with the knowledge of the Board of
Apart from the duties as a member of the Board of Directors.
Commissioners, the President Commissioner who is the 5. The Board of Commissioners has the authority to
coordinator of the Board of Commissioners also has the propose to the GMS about the appointment of a
following duties and responsibilities: Public Accounting Firm and/or Public Accountant
1. to lead meetings as regulated in the articles of who will provide audit services for annual historical
association; financial information by taking into account
2. to facilitate constructive discussions; recommendations from the Audit Committee.
3. to create a culture of work ethics including 6. The Board of Commissioners has the authority to
maintaining effective and healthy relationships with nominate new candidates for members of the Board
the Board of Directors; and of Directors and candidates for members of the DPS
4. Provide suggestions to members of the Board of to the Shareholders based on recommendations
Commissioners regarding the implementation from the Remuneration and Nomination Committee
of the duties and obligations of the Board of to be decided at the GMS.
Commissioners. 7. The Board of Commissioners has the authority
to temporarily dismiss members of the Board of
Directors in accordance with the provisions of the
Articles of Association.
8. The Board of Commissioners has the authority to
use experts for certain matters and within a certain
period of time at the Company’s expense if deemed
necessary and taking into account applicable
provisions.
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08 Corporate Governance
9. The Board of Commissioners has the authority to a. Releasing/transferring and/or pledging Company
take action to manage the Company in certain assets with criteria and values exceeding a
circumstances for a certain period of time in certain amount determined by the Board of
accordance with the provisions of the Company’s Commissioners, except the Company’s assets
Articles of Association. in the context of implementing the Company’s
10. The Board of Commissioners has the authority to business activities in accordance with the
attend Board of Directors meetings and provide provisions of laws and regulations, including
opinions regarding the matters discussed. assets in the form of credit, securities, collateral
11. The Board of Commissioners has the right taken over, movable goods, and other assets
to be entitled to an honorarium, allowances obtained in the context of the Company’s business
and/ or facilities including tantiem and similar activities, taking into account the provisions in the
postemployment benefits and the amount is Capital Market and Banking sectors;
determined by the GMS with due observance of the b. Writing off fixed assets due to certain conditions:
applicable laws and regulations. - Lost
12. Carry out other supervisory authority as long as - Destroyed
it does not conflict with the provisions of laws and - maged and cannot be transferred (total loss)
regulations, the articles of association, and/or GMS - transfer costs are greater than the economic
decisions. value obtained from the transfer.
- Dismantled not to be rebuilt in connection
Decisions Requiring Approval of The Board with another program that has been planned
of Commissioners in the RKAP;
- Dismantled to be rebuilt in connection with a
With due observance of the Articles of Association, laws government program; and/or
and regulations, and provisions in the field of Capital - Based on the provisions of laws and/or
Markets, the actions of the Board of Directors that require court decisions that have permanent legal
written approval from the Board of Commissioners: force, the fixed asset is no longer owned or
1. In carrying out its duties, the Board of Commissioners controlled by the Company.
is prohibited from participating in decision-making c. Carrying out cooperation with business entities
regarding the Company’s operational activities, or other parties, in the form of joint operations
except in the following cases: (KSO), business cooperation (KSU), licensing
a. The provision of funds to related parties as cooperation, Build, Operate and Transfer (BOT),
stipulated in the regulations concerning the legal Build, Transfer and Operate (BTO), Build, Operate
lending limit for commercial banks; and and Own (BOO) and other agreements of the
b. Other matters stipulated in the Company’s same nature whose term or value exceeds that
Articles of Association or applicable laws and determined by the Board of Commissioners;
regulations. d. Determine and change the Company’s logo;
2. The decision-making on the Company’s operational e. Determine the organizational structure 1 (one)
activities by the Board of Commissioners, as level below the Board of Directors;
mentioned above, is part of the Board’s supervisory f. Making capital participation in a specified amount
duties and does not eliminate the Board of Directors’ as determined by the Board of Commissioners in
responsibility for the Company’s management. other companies, subsidiaries, and joint ventures
3. Taking into account the Company’s Articles of not in the context of receivables restructuring, by
Association, applicable laws and regulations, and taking into account the provisions in the capital
provisions in the Capital Market sector, as well as the market sector;
determination by the Series A Dwiwarna Shareholder g. Establishing subsidiaries and/or joint ventures in
regarding the limitations and criteria of actions by a specified amount as determined by the Board
the Board of Directors that require approval from of Commissioners, by taking into account the
the Board of Commissioners and/or the Series A provisions in the capital market sector;
Dwiwarna Shareholder, the actions of the Board
of Directors that require written approval from the
Board of Commissioners consist of:
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PT Bank Tabungan Negara (Persero) Tbk
h. Proposing the Company’s representatives as b. The approval of the Recovery Action Plan
candidates for members of the Board of Directors (Recovery Plan);
and the Board of Commissioners in subsidiaries c. Initiation of the Resolution Plan;
and/or joint ventures that provide significant d. Internal Company policies as stipulated in laws
contributions to the Company and/or are of and regulations;
strategic value as determined by the Board of e. Appointment and dismissal of the Corporate
Commissioners. Secretary and the Head of the Company's
i. Conduct mergers, amalgamations, takeovers, Internal Audit Unit; and
separations, and dissolutions of subsidiaries and f. Other actions as regulated by laws and/or
joint ventures with a certain value determined deemed by the Board of Commissioners to
by the Board of Commissioners by taking into require the Board of Commissioners' approval.
account the provisions in the Capital Market and 9. The Board of Directors’ request for approval from
Banking sectors; the Board of Commissioners must be submitted in
j. Carrying out actions included in material writing and must comply with internal provisions
transactions as stipulated by the provisions of and applicable laws and regulations. Upon receiving
laws and regulations in the Capital Market sector such a request, the Board of Commissioners shall
with a certain value determined by the Board of provide a written decision within a maximum period
Commissioners, unless such actions are included of 30 (thirty) days from the receipt of the request
in material transactions that are excluded by the letter from the Board of Directors or from the date
provisions of laws and regulations in the Capital the complete request is received.
Market sector; 10. In cases where the approval of the Board of
k. Actions that have not been stipulated in the RKAP. Commissioners also requires approval from the
4. The Board of Commissioners shall determine the Series A Dwiwarna Shareholders, the Board of
limits and/or criteria for matters referred to in Commissioners shall submit the request to the Series
number 3 letters a, b, c, f, g, h, and i after obtaining A Dwiwarna Shareholders after the complete request
approval from the Series A Dwiwarna Shareholder. from the Board of Directors has been received by the
5. Approval by the Board of Commissioners specifically Board of Commissioners. Subsequently, the Board
regarding number 3 letters a, b, e, f, g, h, and i shall of Commissioners shall provide a written decision
be carried out by the Board of Commissioners after to the Board of Directors after receiving the decision
obtaining approval from the Series A Dwiwarna from the Series A Dwiwarna Shareholders.
Shareholder.
6. The actions of the Board of Directors referred to Term of Office of The Board of
in number 3 letters a and c, as long as they are Commissioners
necessary for the implementation of business
activities that are commonly carried out in the Members of the Board of Commissioners are appointed
banking business sector by taking into account the for a term commencing from the appointment date
provisions of laws and regulations, do not require the determined by GMS and ending at the closing of the
approval of the Board of Commissioners and/or the 5th (fifth) Annual GMS after the date of appointment,
GMS. provided that the tenures do not exceed 5 (five) years,
7. The actions of the Board of Directors as referred to with due observance of applicable regulations and
in number 3 letter b number (2), number (3), and legislation in the Capital Market, and without neglecting
number (8) are carried out after obtaining the the rights of GMS to dismiss any member of the Board of
approval of the Series A Dwiwarna Shareholder. Commissioners at any time before their Term of Office
8. In addition to the matters referred to in points 1 and is over.
3, actions by the Board of Directors that require
approval from the Board of Commissioners are as After their term of office ends, members of the Board
follows: of Commissioners may be reappointed by GMS for one
a. The Company’s Business Plan and Annual Work term of office.
and Budget Plan, including any changes and
additions, as well as other plans of the Company
as regulated by the prevailing laws and
regulations;
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08 Corporate Governance
Requirements for Members of The Board of 8. Independent Commissioners do not have financial
Commissioners relationships, management relationships, ownership
relationships, affiliate relationships, and/or family
The requirements for members of the Board relationships with other members of the Board of
of Commissioners stipulated in the Board of Commissioners, members of the Board of Directors,
Commissioners’ Work Guidelines and Code of Conduct and/or controlling shareholders or relationships with
are as follows: the Company that could affect their ability to act
1. Members of the Board of Commissioners are independently.
individuals who meet the requirements at the time 9. Independent Commissioners do not have any direct
of appointment and during his/her term of office or indirect business relationships related to the
in accordance with the Company’s articles of Company’s business activities.
association and statutory regulations. 10. Independent Commissioners do not have any direct
2. Members of the Board of Commissioners must or indirect business relationships related to the
meet the fit and proper test requirements in Company’s business activities.
accordance with the Financial Services Authority 11. Commissioners can be Independent Commissioners
(OJK) Regulations concerning fit and proper test for in the Company or the Company’s business group
financial services institutions. by meeting the requirements as an Independent
3. Members of the Board of Commissioners who have Commissioner.
met the approval requirements of the Financial 12. Commissioners who will become Independent
Services Authority (OJK) while serving are required Commissioners in the Company are required to
to have: undergo a waiting period of at least 1 (one) year.
a. Integrity; 13. The transition from Commissioner to Independent
b. Competence; and Commissioner must obtain approval from the
c. Good reputation. Financial Services Authority (OJK) through a fit and
4. At least 1 (one) member of the Board of proper test in accordance with the Financial OJK
Commissioners must be domiciled in Indonesia. Regulations regarding fit and proper test for financial
5. Candidates for Independent Commissioners must services institutions.
have:
a. knowledge in the banking sector that is adequate Work Guidelines and Manual of The Board of
and relevant to the position as Independent Commissioners
Commissioner; and
b. Experience in banking and/or finance. The Board of Commissioners has established guidelines
6. Former members of the Board of Directors or and work procedures as outlined in the Board of
Executive Officers or parties who have a relationship Commissioners’ Decision No. 18/KOM/BTN/2024 dated
with the Company who may influence the person’s December 18, 2024, regarding the Guidelines and
ability to act independently must undergo a waiting Work Procedures for the Board of Commissioners of
period of at least 1 (one) year before becoming an PT Bank Tabungan Negara (Persero) Tbk. The Board of
Independent Commissioner. Commissioners’ Work Guidelines and Regulations are
7. Waiting period for: prepared based on corporate legal principles, provisions
a. Former President Director of the Company; and of the Articles of Association, statutory regulations and
b. Former member of the Board of Directors who provisions, Shareholder directives, as well as Good
supervises the supervisory function or Executive Corporate Governance best practices.
Officer who carries out the supervisory function
at the Company, at least 6 (six) months before The BOC’s Board Manual shall ensure the Board of
becoming an Independent Commissioner at the Commissioners performs its duties effectively and
Company. efficiently, and it shall also be used as a performance
assessment tool for the Board of Commissioners. The
Board Manual has stipulated various aspects, as follows:
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PT Bank Tabungan Negara (Persero) Tbk
Chapter I General requirements Article 1 Terms and Definitions
Article 2 Structure and Composition
Article 3 Membership Criteria
Article 4 Appointment
Chapter II Membership
Article 5 Term of Office
Article 6 Dual Positions
Article 7 Dismissal
Article 8 Duties and Obligations
Chapter Duties, Responsibilities and Authority
III Article 9 Authority
Article 10 Types of Meetings
Article 11 Call and Organization of Meetings
Article 12 Meeting Agenda
Chapter Meeting
IV Article 13 Chairing of Meetings
Article 14 Decision-Making
Article 15 Meeting Documentation
Article 16 Work Ethics
Article 17 Prohibitions
Article 18 Work Planning
Article 19 Work Division
Chapter V Working Mechanism Article 20 Working Hours
Article 21 Performance Evaluation
Article 22 Reporting and Accountability
Relationship between the Board of Commissioners
Article 23
and the Board of Directors
Article 24 (Secretary of the Board)
Chapter Supporting Organs
VI Article 25 Committees under the Board of Commissioners
Article 26 Competency Development
Chapter Sustainable Competency Development Article 27 Training
VII
Article 28 Certification
Chapter Others Article 29 Stakeholder Relations
VIII
Supervisory Duties of The Board of Commissioners
The distribution of the supervisory duties for the Board of Commissioners is listed as follows.
Before the 2024 Annual GMS
Name Position Field of Duty
Chandra M. Hamzah President Commissioner/Independent * Remuneration & Nomination Committee
Iqbal Latanro Vice President Commissioner/Independent * Audit Committee
Remuneration & Nomination Committee
2025 Annual Report 685
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08 Corporate Governance
Name Position Field of Duty
Armand B. Arief Independent Commissioner* Risk Monitoring Committee
Remuneration & Nomination Committee
Sentot A. Sentausa Independent Commissioner* Audit Committee
Remuneration & Nomination Committee
Andin Hadiyanto Commissioner* Risk Monitoring Committee
Remuneration & Nomination Committee
Herry Trisaputra Zuna Commissioner* Risk Monitoring Committee
Himawan Arief Sugoto Commissioner* Remuneration & Nomination Committee
Adi Sulistyowati Independent Commissioner* Risk Monitoring Committee
Bambang Widjanarko Independent Commissioner* Audit Committee
Remuneration & Nomination Committee
*) Term of office ended at the Annual General Meeting of Shareholders for the 2024 Fiscal Year held on March 26, 2025
After the AGMS for the 2024 Fiscal Year
Name Position Field of Duty
Suryo Utomo President Commissioner * Risk Monitoring Committee
Remuneration & Nomination Committee
Dwi Ary Purnomo Vice President Commissioner * Risk Monitoring Committee
Remuneration & Nomination Committee
Fahri Hamzah Commissioner * Remuneration & Nomination Committee
Ida Nuryanti Independent Commissioner * Remuneration & Nomination Committee
Audit Committee
Panangian Simanungkalit Independent Commissioner * Risk Monitoring Committee
Audit Committee
Remuneration & Nomination Committee
Pietra Machreza Paloh Independent Commissioner * Audit Committee
Remuneration & Nomination Committee
*) Appointed at the AGMS for the 2024 Fiscal Year held on March 26, 2025
Policy on Concurrent Positions of The Board of Commissioners
1. 1Member of the Board of Commissioners is prohibited regional heads/deputy regional heads, and/or
from holding concurrent positions: regional heads/deputy regional heads;
a. as a member of the board of directors, member e. in any other position that may cause a conflict of
of the board of commissioners, member of the interest in carrying out duties as a member of the
Sharia Supervisory Board (DPS), or executive Board of Commissioners; and/or
officer at a financial institution or financial f. in any other position in accordance with the
company, both bank and non-bank; provisions of the laws and regulations.
b. as a member of the board of directors, member 2. This does not include holding multiple positions in
of the board of commissioners, member of the the following cases:
Sharia Supervisory Board (DPS), or executive a. A member of the Board of Commissioners holds
officer at more than one (1) non-financial a position as a member of the board of directors,
institution or company, whether located a member of the board of commissioners, or
domestically or abroad; an executive officer performing supervisory
c. in a functional role at a financial institution, both functions at one (1) non-bank subsidiary
banking and non-banking, whether located company controlled by the Corporation;
domestically or abroad; b. A commissioner performs functional duties on
d. officials of political parties and/or candidates/ behalf of the shareholder of the Corporation in
members of the legislature, candidates for the form of a legal entity within the Corporation
and/or its business group; and/or
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PT Bank Tabungan Negara (Persero) Tbk
c. A member of the Board of Commissioners holds a 4. A candidate for a member of the Board of
position in a non-profit organization or institution, Commissioners who holds a position as referred to
as long as it does not cause the individual to in point 2 must provide a statement to:
neglect their duties and responsibilities as a a. Maintain integrity;
member of the Board of Commissioners. b. Avoid any form of conflict of interest; and
3. With certain considerations, the Financial Services c. Avoid actions that could harm the Company and/
Authority may establish policies regarding dual or cause the Company to violate the principles of
positions as referred to in point 1 letter c above, prudence during their tenure as a member of the
provided that it does not result in the individual Board of Commissioners.
neglecting the performance of their duties and 5. Independent Commissioners are prohibited from
responsibilities as a member of the Board of holding concurrent positions as public officials.
Commissioners.
Table of Concurrent Positions of the Board of Commissioners
Position at Other Companies/ Name of Other Company/
Name Position
Institutions Institution
Chandra M. President Commissioner/ Co-Founder & Senior Partner Assegaf Hamzah and Partners
Hamzah* Independent Lawfirm
Suryo Utomo** President Commissioner Head of the Financial Technology, Ministry of Finance
Information, and Intelligence Agency
Iqbal Latanro* Vice President Commissioner - -
/ Independent
Dwi Ary Purnomo** Vice President Commissioner Deputy for Finance and Risk Badan Pengaturan BUMN
Management, State-Owned
Enterprises Regulatory Agency
Armand B. Arief* Independent Commissioner Independent Commissioner PT Cardig Aero Services Tbk
Sentot A. Sentausa* Independent Commissioner - -
Andin Hadiyanto* Commissioner • Head of the Financial Education Ministry of Finance
and Training Agency (BPPK)
• Acting President Director of the
Education Endowment Fund
Management Agency
Himawan Arief Commissioner Senior Advisor to the Minister Ministry of Agrarian Affairs and
Sugoto* of Agrarian Affairs and Spatial Spatial Planning/ National Land
Planning/Head of the National Land Agency
Agency for Land Economics
Herry Trisaputra Commissioner Principal Expert Road and Bridge Ministry of Public Works and
Zuna* Governance Officer Public Housing
Adi Sulistyowati* Independent Commissioner - -
Bambang Independent Commissioner - -
Widjanarko*
Fahri Hamzah** Commissioner Vice Minister of Housing and Ministry of Housing and
Settlement Areas Settlement Areas
Ida Nuryanti** Independent Commissioner - -
Panangian Independent Commissioner - -
Simanungkalit**
Pietra Machreza Independent Commissioner - -
Paloh**
* Information is reported up to the end of the term of office. The term of office ended at the Annual General Meeting of Shareholders for the 2024 Fiscal Year
held on March 26, 2025.
** Appointed at the AGMS for the 2024 Fiscal Year held on March 26, 2025
2025 Annual Report 687
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08 Corporate Governance
Management of Conflict of Interest of The 6. Do not request, receive, permit, and/or agree to
Board Of Commissioners receive compensation, commission, additional
money, services, money, valuables, and/or anything
The Board of Commissioners is prohibited from being that has economic value or other benefits, for
involved in making decisions related to banking personal, family, and other parties’ benefit, in
operational activities, except for the provision of funds carrying out the Company’s business activities and
to related parties and other matters regulated in the other activities related to the Company.
Company’s Articles of Association or applicable laws 7. Grant credit to members of the Board of
and regulations. The said involvement or approval Commissioners based on a reasonableness limit
of the Board of Commissioners does not negate the in accordance with applicable bank regulations
responsibility of the Board of Directors in implementing without distinguishing from other customers (arm’s
the management of the Company. The Board of length basis).
Commissioners is also prohibited from being involved in
making decisions that may cause a conflict of interest Independent Commissioner
and/or against the laws and regulations and the Code
of Conduct. Therefore, the Board of Commissioners must As of December 31, 2025, the Company’s Board of
avoid conflicts of interest by always doing the following: Commissioners consisted of 6 (six) members, of whom
1. Prioritize the Company’s interests and not diminish 3 (three) served as Independent Commissioners,
the Company’s financial interest in the event of a representing 50.00% (fifty percent) of the total members
conflict of interest; of the Board of Commissioners. The composition of
2. Disclose his and/or his family’s share ownership of the Board of Commissioners has complied with the
5% (five percent) or more in the Company or in other provisions of OJK Regulation No. 17 of 2023 concerning
domestic and abroad companies; the Implementation of Governance for Commercial
3. Disclose family relationships, financial relationships, Banks, which stipulate that Independent Commissioners
management relations, ownership relations with must comprise at least 50% (fifty percent) of the total
other members of the Board of Commissioners, members of the Board of Commissioners.
members of the Board of Directors, controlling
shareholders of the Company, and/or other parties Criteria for Independent Commissioners
within the Company’s business;
4. Disclose the existence of concurrent positions; The criteria for Independent Commissioners’
5. Making disclosures in terms of decision making must appointment refer to the OJK Regulation No. 33/
be taken in conditions of a conflict of interest and the POJK.04/2014 dated December 8, 2014, regarding the
member of the Board of Commissioners concerned Board of Directors and Board of Commissioners of
must not involve themselves in the Company’s Issuers or Public Companies. The criteria for Independent
decision-making process relating to this matter; Commissioners are as follows:
688 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Independent Commissioner
Independent
Commissioner Criteria Chandra Iqbal Armand Sentot A. Adi Bambang Ida Panangian Pietra M.
M.
Latanro* B. Arief* Sentausa* Sulistyowati* Widjanarko* Nuryanti** Simanungkalit** Paloh**
Hamzah*
Not a person who
works or has the
authority and
responsibility to
plan, lead, control,
or supervise the
activities of the
Issuer or Public
Company within
the last 6 (six)
months, except for
reappointment as
an Independent
Commissioner of
the Issuer or Public
Company in the next
period.
Not having shares
directly or indirectly
with the Issuer or
Public Company.
Does not have an
affiliate relationship
with the Issuer or
Public Company,
members of
the Board of
Commissioners,
members of the
Board of Directors,
or the majority
shareholders of
the Issuer or Public
Company.
Does not have
a business
relationship, either
directly or indirectly,
related to the
business activity of
the Issuer or Public
Company.
* Information is reported up to the end of the term of office. Term of office ended at the Annual General Meeting of Shareholders for the 2024 Fiscal Year held
on March 26, 2025.
** Appointed at the AGMS for the 2024 Fiscal Year held on March 26, 2025
2025 Annual Report 689
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08 Corporate Governance
Statement of Independent Commissioners In addition to the independence statement, members
of the Board of Commissioners shall also report any
The Company’s Independent Commissioners have changes to the status that may affect its independence
prepared and signed an Independent Statement and as well as ensure that this practice has been
submitted it to the OJK, with respectively the following implemented in accordance with the GCG principles.
statements:
1. Has no financial, management, ownership, and/ or In detail, the independence statement letter is referred
family relationship with the Bank, that may affect to as stated below.
the ability to act independently as stipulated in the
Financial Services Authority Regulation that regulates
the Implementation of Governance for Commercial
Banks;
2. In the event that on a later date, the Board
of Commissioners has been found to have a
relationship as referred to in number 1, the member
of the Board of Commissioners is willing to surrender
the position and is willing to be replaced.
690 2025 Annual Report
Page 260
PT Bank Tabungan Negara (Persero) Tbk
2025 Annual Report 691
Page 261
08 Corporate Governance 692 2025 Annual Report
Page 262
PT Bank Tabungan Negara (Persero) Tbk
Meeting of The Board of Commissioners 8. Invitation to the meeting must include the agenda,
date, time and venue of the meeting.
Meeting Policy 9. The meeting is commenced in the Company’s
domicile or other places in the territory of the
MEETING TYPE Republic of Indonesia or the Company’s business
1. The Board of Commissioners shall hold regular activities.
meeting at least 1 (once) a month, hereinafter 10. The meeting is valid and shall have right to take a
referred to as the Board of Commissioner’s Meeting. binding resolution if attended and/or represented by
2. The Board of Commissioners must hold regular more than ½ (one half) of the total members of the
meetings with the Board of Directors at least 1 (one) Board of Commissioners.
time in 1 (once) months, hereinafter referred to as 11. Each member of the Board of Commissioners
the Board of Commissioners and Directors’ Joint must attend at least 75% (seventy-five percent)
Meeting. of each of the total number of Meetings of the
3. The Board of Commissioners is required to hold a Board of Commissioners, Meetings of the Board of
meeting with the Sharia Supervisory Board (DPS) Commissioners with the Board of Directors, and
regularly at least once every 4 (four) months, Meetings of the Board of Commissioners with DPS
hereinafter referred to as the meeting of the Board of held in 1 (one) fiscal year.
Commissioners with the DPS.
4. The Board of Commissioners may hold a meeting at MEETING MATERIALS
any time at the request of 1 (one) or several members 1. Meeting materials can be distributed to all meeting
of the Board of Commissioners or the Board of participants at least 5 (five) working days before the
Directors, by specifying matters to be discussed. meeting is held.
2. In the event the meeting is held outside schedule due
MEETING SUMMONS AND COMMENCEMENT to urgent and important issue, meeting materials
1. The Board of Commissioners’ Meeting and the Board can be delivered before the meeting is commenced.
of Commissioners and Directors’ Join Meeting must
be commenced if attended by majority members of CHAIRMAN OF MEETING
the Board of Commissioners. 1. The meeting is chaired by the President
2. The commencement of the Board of Commissioner’s Commissioner.
meeting must be attended by all members of the 2. In the event that the President Commissioner is absent
Board of Commissioners physically at least 2 (twice) or unable to attend, the Vice President Commissioner
in 1 (one) year. shall chair the Board of Commissioners Meeting or a
3. In the event that a member of the Board of member of the Board of Commissioners appointed
Commissioners is unable to attend a meeting by the deputy head Commissioner who presides
in person, the member may attend the meeting over the Board of Commissioners Meeting if, at the
through teleconference, video conference, or other same time, the Head Commissioner is absent or
electronic media facilities in accordance with unavailable and does not make the appointment.
applicable regulations. 3. In the event the Vice President Commissioner is
4. Summons for a meeting must be conducted by absent due to any reason, which does not need to be
the President Commissioners, and in the event the proven to any party, the summons for a meeting is
President Commissioners is absent, which does not made by a member of the Board of Commissioners,
need to be proven to any party, the summons for a being present and nominated in the meeting.
meeting is made by the Vice President Commissioner. 4. In the event the President Commissioner does not
5. In the event the Vice President Commissioner is make appointment, senior member of the Board of
absent due to any reason, which does not need to be Commissioners serving as member of the Board of
proven to any party, the summons for a meeting is Commissioners acts as the chairman of the meeting
made by a member of the Board of Commissioners. 5. In the event senior member of the Board of
6. Invitation for the Board of Commissioners’ Meeting Commissioners serving as member of the Board of
is made in writing or directly delivered to each Commissioners is more than one, the oldest member
member of the Board of Commissioner with a of the Board of Commissioner acts as the chairman
sufficient receipt, or by registered mail, or courier of the meeting.
service or by telex, facsimile, or email no later than 6. If GMS does not appoint a Vice President
5 (five) days before the meeting is held, excluding Commissioner, in the event the President
the date of summons and the date of the meeting, Commissioner is absent or unable to attend, the
or sooner considering the urgency. Board of Commissioner’s Meeting is chaired by
7. The invitation is not required for meetings that have another member of the Board of Commissioner
been scheduled upon the decisions of the Board of appointed by the President Commissioner.
Commissioner’s meetings held previously.
2025 Annual Report 693
Page 263
08 Corporate Governance
DECISION MAKING 10. If there are urgent and very important matters
1. The Board of Commissioners is an assembly and for the Company, the Board of Commissioners
each member of the Board of Commissioners can also make valid decisions without holding a
cannot act independently, but rather based on the Board of Commissioners Meeting provided that all
decision of the Board of Commissioners. members of the Board of Commissioners have been
2. All decisions of the Board of Commissioners are notified in writing and all members of the Board of
taken at meetings. Commissioners have given their approval regarding
3. Decision making at the Board of Commissioners’ the proposal submitted in writing and signing the
Meeting must firstly be made based on deliberation agreement.
to reach consensus. 11. .Decisions taken in this way have the same legal
4. In the event that a decision based on deliberation to standing as decisions legally taken at a Board of
reach consensus is not reached, then the decision Commissioners’ Meeting.
must be taken by voting based on affirmative votes 12. All decisions of the Board of Commissioners
of more than ½ (one-half) of the number of valid are binding on all members of the Board of
votes cast at the relevant meeting. Commissioners.
5. Each member of the Board of Commissioners has 13. Each member of the Board of Commissioners who
the right to cast 1 (one) vote and an additional 1 personally in any way, either directly or indirectly, has
(one) vote for each other member of the Board of an interest in a transaction, contract or proposed
Commissioners, whom he or she legally represents contract in which the Company is a party, must
at the meeting. declare the nature of his/her interest at the Board
6. In the event that there is more than 1 (one) proposal, of Commissioners’ Meeting and has no right to
a reelection will be carried out so that 1 (one) participate in decision making regarding matters
proposal receives more than ½ (one-half) of the total relating to the transaction or contract.
votes cast.
7. A blank vote is deemed to approve the proposal MEETING DOCUMENTATION
submitted at the meeting. 1. Documentation of the meeting must be included in
8. Invalid votes are considered non-existent and are the Minutes of Meeting.
not counted in determining the number of votes cast 2. The Board of Commissioners must prepare minutes
at the meeting. of meetings as referred to in and document them in
9. Voting regarding individuals is carried out using accordance with the provisions of regulations.
closed ballot papers without signatures, while voting 3. Minutes of the Board of Commissioners’ Meeting
regarding other matters is carried out verbally, unless must be prepared by someone present at the
the chairman of the meeting determines otherwise meeting appointed by the chairman of the meeting
without any objection based on the majority of votes and then signed by all members of the Board
from those present. of Commissioners present and submitted to all
members of the Board of Commissioners.
694 2025 Annual Report
Page 264
PT Bank Tabungan Negara (Persero) Tbk
4. Minutes of meetings of the Board of Commissioners Internal Meeting of The Board of Commissioners
and Directors’ Joint Meeting must be drawn up
by someone, being present at the meeting and BOARD OF COMMISSIONERS INTERNAL MEETING PLAN
appointed by the chairman of the meeting, signed by
all members of the Board of Commissioners and the Based on the Board of Commissioners’ 2025 Work
Board of Directors who are present, and submitted to Program, the Board of Commissioners planned to hold
all members of the Board of Commissioners and the 48 (forty-eight) Board of Commissioners’ meetings
Board of Directors. in 1 (one) year, or 4 (four) times in 1 (one) month, in
5. The minutes of the Board of Commissioners’ meeting excess of the minimum meeting requirement under OJK
with the Sharia Supervisory Board (DPS) must be regulations of 1 (one) meeting every 2 (two) months.
prepared by a person present at the meeting, who Meetings of the Board of Commissioners were generally
is appointed by the meeting’s chairperson. The held on Wednesdays or as required.
minutes should then be signed by all members
of the Board of Commissioners and DPS who were The Board of Commissioners also holds joint meetings
present and distributed to all members of the Board with the Board of Commissioners’ Supporting Organ
of Commissioners and DPS. Committees which in the outline will discuss the
6. Dissenting opinion that may arise at the meeting following agenda:
must be stated clearly in the minutes of the meeting • Current Issues.
along with the reasons for the dissenting opinion. • Review/study of reports/incoming letters and
7. In the event that there are members of the Board progress of follow-up advice/directions to the
of Commissioners and/or members of the Board of previous Board of Directors.
Directors who do not sign the results of the meeting, • Exposure of the Board of Commissioners’ Supporting
the related person must state the reasons in writing Organs Committee in the form of suggestions,
in a separate letter attached to the minutes of the opinions/ recommendations to the Board of
meeting. Commissioners regarding the review/studies that
8. Minutes of meetings must be documented by the have been carried out to further serve as input for
Company. the Board of Commissioners in providing direction
9. Minutes of meetings are valid evidence for members and advice to the Board of Directors as a form of
of the Board of Commissioners and for third parties active oversight by the Board of Commissioners.
regarding the decisions taken at the said meeting.
REALIZATION OF INTERNAL MEETING OF THE BOARD OF
COMMISSIONERS
Throughout 2025, the Board of Commissioners has held
56 (fifty six) internal meetings. In detail, it is presented in
the table as follows:
2025 Annual Report 695
Page 265
08 Corporate Governance
Table of Board of Commissioners Internal Meetings
Chandra M. Iqbal Armand B. Sentot A. Adi Bambang
No. Meeting Date Agenda
Hamzah¹ Latanro¹ Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹
1 January 8, • Incoming Mail unable to Present Present Present Present Present
2025 • Evaluation of Meeting present
Results
• Latest Information
• Other Information
2 January 15, • Incoming Mail unable to Present Present Present Present Present
2025 • Evaluation of Meeting present
Results
• Latest Information
• Other Information
3 January 22, • Incoming Mail unable to Present Present Present Present Present
2025 • Evaluation of Meeting present
Results
• Latest Information
• Other Information
4 January 30, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
5 February 5, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
6 February 6, Closing Meeting on the unable to Present Present Present Present Present
2025 Audit of BTN Financial present
Statements as of
December 31, 2024
7 February 12, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
8 February 19, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
9 February 27, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
10 March 5, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
11 March 12, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
12 March 19, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
696 2025 Annual Report
Page 266
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra
Andin Dwi Ary Fahri Panangian
Trisaputra Arief Suryo Utomo² Ida Nuryanti² Machreza
Hadiyanto¹ Purnomo² Hamzah² Simanungkalit²
Zuna¹ Sugoto¹ Paloh²
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
Present Present Present
2025 Annual Report 697
Page 267
08 Corporate Governance
Chandra M. Iqbal Armand B. Sentot A. Adi Bambang
No. Meeting Date Agenda
Hamzah¹ Latanro¹ Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹
13 March 26, • Incoming Mail Present Present Present Present Present Present
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
14 June 30, • Incoming Mail
2025 • Latest Information
• Other Information
15 July 7, 2025 • Incoming Mail
• Evaluation of Meeting
Results
• Latest Information
• Other Information
16 July 7, 2025 Kick-Off Meeting on the
Audit of BTN Financial
Statements as of June
30, 2025
17 July 14, 2025 • Incoming Mail
• Evaluation of Meeting
Results
• Latest Information
• Other Information
18 July 21, 2025 • Incoming Mail
• Evaluation of Meeting
Results
• Latest Information
• Other Information
19 July 22, 2025 Corporate Action Plan
for the Spin-off of the
Sharia Business Unit
of PT Bank Tabungan
Negara (Persero) Tbk
through the Transfer of
Rights and Obligations
of the SUB to PT Bank
Victoria Syariah (BVIS)
20 July 28, 2025 • Incoming Mail
• Evaluation of Meeting
Results
• Latest Information
• Other Information
21 August 4, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
22 August 11, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
23 August 19, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
24 August 25, Closing Meeting on the
2025 Audit of BTN Financial
Statements as of June
30, 2025
698 2025 Annual Report
Page 268
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra
Andin Dwi Ary Fahri Panangian
Trisaputra Arief Suryo Utomo² Ida Nuryanti² Machreza
Hadiyanto¹ Purnomo² Hamzah² Simanungkalit²
Zuna¹ Sugoto¹ Paloh²
Present Present Present
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present as an Present as
an observer an observer observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
2025 Annual Report 699
Page 269
08 Corporate Governance
Chandra M. Iqbal Armand B. Sentot A. Adi Bambang
No. Meeting Date Agenda
Hamzah¹ Latanro¹ Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹
25 September • Incoming Mail
8, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
26 September Progress of the
8, 2025 Implementation of
Internal Control over
Financial Reporting
(ICoFR)
27 September • Incoming Mail
15, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
28 September Follow-up on
15, 2025 Prospective Recipients
of FLPP Subsidized
Mortgage
29 September • Incoming Mail
24, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
30 October 1, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
31 October 8, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
32 October 8, Indication of Targets
2025 and Assumptions in the
Preparation of the RA/
RT and the 2026 Annual
Budget and Business
Plan
33 October 15, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
34 October 22, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
35 October 22, Kick-Off Meeting on the
2025 Audit of December 2025
Financial Statements
with EY
36 October 27, Discussion on the 2026
2025 Annual Budget and
Business Plan of PT
Bank Tabungan Negara
(Persero) Tbk
700 2025 Annual Report
Page 270
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra
Andin Dwi Ary Fahri Panangian
Trisaputra Arief Suryo Utomo² Ida Nuryanti² Machreza
Hadiyanto¹ Purnomo² Hamzah² Simanungkalit²
Zuna¹ Sugoto¹ Paloh²
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present as Present Present
an observer an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
2025 Annual Report 701
Page 271
08 Corporate Governance
Chandra M. Iqbal Armand B. Sentot A. Adi Bambang
No. Meeting Date Agenda
Hamzah¹ Latanro¹ Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹
37 October 29, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
38 October 29, Strategy for Achieving
2025 Commercial Banking KPI
39 October 29, Strategy for Achieving
2025 Consumer Banking KPI
40 November 3, Discussion on the
2025 Results of the Board of
Commissioners’ Working
Visit to the Bank’s
Branch Network
41 November 5, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
42 November 12, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
43 November 12, Preparation for the
2025 Extraordinary GMS and
Internal Audit Results for
Q3 2025
44 November 12, Update on the Strategy
2025 for Budget Surplus
Balance (SAL) of IDR 25
Trillion
45 November • Incoming Mail
19, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
46 November Discussion on the
19, 2025 Development of
Information Technology
Infrastructure
47 November Discussion on the
19, 2025 Optimization of Balé
48 November • Incoming Mail
26, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
49 November Presentation of the Work
26, 2025 Monitoring Dashboard
via the Tableau Platform:
Data Visualization BTN
(datavisualization.
btn.co.id) by the
Data Management &
Analytics Division (DMD)
702 2025 Annual Report
Page 272
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra
Andin Dwi Ary Fahri Panangian
Trisaputra Arief Suryo Utomo² Ida Nuryanti² Machreza
Hadiyanto¹ Purnomo² Hamzah² Simanungkalit²
Zuna¹ Sugoto¹ Paloh²
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
unable to Present Present as Present Present Present
present an observer
unable to unable to Present as Present Present Present
present present an observer
2025 Annual Report 703
Page 273
08 Corporate Governance
Chandra M. Iqbal Armand B. Sentot A. Adi Bambang
No. Meeting Date Agenda
Hamzah¹ Latanro¹ Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹
50 December 3, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
51 December • Incoming Mail
10, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
52 December Preparation for the
16, 2025 Meeting of the Board
of Directors and the
Board of Commissioners
in December 2025
(Discussion of the Board
of Commissioners’
Concerns on the
Company’s Strategic
Issues in December
2025)
53 December 17, • Incoming Mail
2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
54 December 17, Role of the Board
2025 of Commissioners
in the Digital Era, IT
Strategy, and Digital
Transformation
55 December • Incoming Mail
22, 2025 • Evaluation of Meeting
Results
• Latest Information
• Other Information
56 December Discussion on the
22, 2026 Proposed Risk Appetite
and Risk Tolerance for
2026
Joint Meeting of The Board of Commissioners
and The Board of Directors
Joint Meeting Plan of The Board of Commissioners and
The Board of Directorsi
Based on the decision made in the Board of 3. Implementation of Anti-Money Laundering,
Commissioners Meeting, it is decided that a joint Countering the Financing of Terrorism, and
meeting with the Board Of Commissioners is held in the Countering the Financing of Weapons of Mass
period of at least 1 (once) every 4 (four) months. The Destruction programs
topics discussed include: 4. Implementation of Good Corporate Governance
1. Compilation of Bank Business Plan (RBB) and 5. Follow-up on findings from both internal and external
Company Work Plan and Budget (RKAP). audits.
2. Evaluation of the Company’s performance
achievements
704 2025 Annual Report
Page 274
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra
Andin Dwi Ary Fahri Panangian
Trisaputra Arief Suryo Utomo² Ida Nuryanti² Machreza
Hadiyanto¹ Purnomo² Hamzah² Simanungkalit²
Zuna¹ Sugoto¹ Paloh²
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present as Present Present Present
an observer
Present Present Present Present Present Present
Present Present Present Present Present Present
Present Present Present Present Present Present
Present Present Present Present Present Present
In 2025, it was agreed that joint meetings between the Realization of Board of Commissioners and Board of
Board of Commissioners and the Board of Directors Directors Meetings
would be scheduled in the third week of each month.
Meetings of the Board of Commissioners with the Board Throughout 2025, six (6) joint meetings between the
of Directors were convened and initiated by the Board of Board of Commissioners and the Board of Directors
Commissioners, while meetings of the Board of Directors initiated by the Board of Commissioners were held. The
with the Board of Commissioners were convened and details are presented in the following table.
initiated by the Board of Directors. Such meetings were
conducted in accordance with the Company’s Articles
of Association.
2025 Annual Report 705
Page 275
08 Corporate Governance
Table of Joint Meeting of the Board of Commissioners and the Board of Directors
Board of Commissioners Board of Directors
Meeting
No Meeting Agenda
Date
Participant Attendance Participant Attendance
1 January 22, 1. Preparation for the Discussion 1. Chandra M. – 1. Nixon L.P.
2025 of the Bank Business Plan for the Hamzah Napitupulu
2025–2027 Period and Matters of 2. Iqbal Latanro 2. Oni Febriarto
Concern to the OJK 3. Armand B. Rahardjo
2. Bankwide Performance Review up Arief 3. Andi Nirwoto
to December 2024 4. Sentot A. 4. Elisabeth
3. SUB Performance Review up to Sentausa Novie Riswanti
December 2024 5. Adi 5. Jasmin
4. Monitoring of Risk Appetite, Risk Sulistyowati 6. Setiyo Wibowo
Tolerance, and Recovery Plan 6. Bambang 7. Hirwandi -
at the Bankwide and SUB up to Widjanarko Gafar
December 2024 7. Andin 8. Nofry Rony
5. rogress of the Implementation Hadiyanto Poetra
of Corporate Plan Initiatives, 8. Herry 9. Eko Waluyo
including Profitability Aspects, up Trisaputra 10. Hakim
to December 2024 Zuna Putratama
6. Progress of ICOFR Implementation 9. Himawan Arief 11. Muhammad
in accordance with Regulations Sugoto Iqbal
and Monitoring of Follow-up
Actions on the ICOFR Diagnostic
Review
7. Evaluation and Monitoring of
New Bank Products (PBB) and
Activities for Bank Purposes (KuKB),
including Profitability Aspects, up
to December 2024
8. Report on the Implementation
of APU, PPT, and PPPSPM for the
Second Semester of 2024
9. Monitoring of the Settlement of
Credit Documents in the Out-of-
Tolerance (LAT) Category
10. Progress Update on Project Hijra
and Preparation for the Spin-off of
the SUB
2 March 19, 1. Bankwide and SUB Performance 1. Chandra M. 1. Nixon L.P.
2025 Review up to February 2025 Hamzah Napitupulu
2. Monitoring of Risk Appetite, Risk 2. Iqbal Latanro 2. Oni Febriarto
Tolerance, and Recovery Plan 3. Armand B. Rahardjo
at the Bankwide and SUB up to Arief 3. Andi Nirwoto -
February 2025 4. Sentot A. 4. Elisabeth
3. Progress of ICOFR Implementation Sentausa Novie Riswanti
in accordance with Regulations 5. Adi 5. Jasmin
and Monitoring of Follow-up Sulistyowati 6. Setiyo Wibowo
Actions on the ICOFR Diagnostic 6. Bambang 7. Hirwandi
Review Widjanarko Gafar
4. Progress of the Implementation 7. Andin 8. Nofry Rony
of Corporate Plan Initiatives, Hadiyanto Poetra
including Profitability Aspects, up 8. Herry 9. Eko Waluyo
to February 2025 Trisaputra 10. Hakim
5. Progress Update on Project Hijra Zuna Putratama
and Preparation for the Spin-off of 9. Himawan Arief 11. Muhammad
the SUB. Sugoto Iqbal
706 2025 Annual Report
Page 276
PT Bank Tabungan Negara (Persero) Tbk
Board of Commissioners Board of Directors
Meeting
No Meeting Agenda
Date
Participant Attendance Participant Attendance
3 July 21, 2025 1. Achievement of the Collective 1. Suryo Utomo 1. Nixon L.P.
KPI of the Board of Directors up to 2. Dwi Ary Napitupulu
June 2025 Purnomo * 2. Oni Febriarto
2. Bankwide and SUB Performance 3. Fahri Hamzah * Rahardjo
Review up to June 2025 4. Ida Nuryanti * 3. Nofry Rony
3. Monitoring of Risk Appetite, Risk 5. Panangian Poetra
Tolerance, and Recovery Plan at Simanungkalit * 4. Setiyo Wibowo
the Bankwide up to June 2025 6. Pietra 5. Eko Waluyo
4. Progress of ICOFR Implementation Machreza 6. Hirwandi
in accordance with Regulations Paloh Gafar
and Monitoring of Follow-up 7. Tan Jacky *
Actions on the ICOFR Diagnostic Chen
Review 8. Venda Yuniarti *
5. Progress of the Implementation 9. Helmy Afrisa *
of Corporate Plan Initiatives, Nugroho
including Profitability Aspects, up 10. I Nyoman *
to June 2025 Sugiri Yasa
6. Report on the Implementation of 11. Rully Setiawan *
APU, PPT, and PPPSPM for the First 12. Hermita *
Semester of 2025
7. Progress Update on the SUB Spin-
off Project
4 August 19, 1. Bankwide and SUB Performance 1. Suryo Utomo 1. Nixon L.P.
2025 Review up to July 2025; 2. Dwi Ary Napitupulu
2. Bankwide and SUB Performance Purnomo 2. Oni Febriarto
Review up to July 2025 3. Panangian Rahardjo
3. Progress of ICOFR Implementation Simanungkalit 3. Nofry Rony -
in accordance with Regulations 4. Pietra Poetra
and Monitoring of Follow-up Machreza 4. Setiyo Wibowo
Actions on the ICOFR Diagnostic Paloh * 5. Eko Waluyo
Review; 5. Fahri Hamzah * 6. Hirwandi
4. Progress of the Implementation 6. Ida Nuryanti Gafar
of Corporate Plan Initiatives, 7. I Nyoman
including Profitability Aspects, up Sugiri Yasa
to July 2025; 8. Rully Setiawan
5. Progress Update on the SUB 9. Hermita
Spin-off Project 10. Tan Jacky *
Chen
11. Venda Yuniarti *
12. Helmy Afrisa *
Nugroho
5 September 1. Bankwide and SUB Performance 1. Suryo Utomo 1. Nixon L.P.
24, 2025 Review up to August 2025; 2. Dwi Ary Napitupulu
2. Monitoring of Risk Appetite, Risk Purnomo 2. Oni Febriarto
Tolerance, and Recovery Plan at 3. Panangian Rahardjo
the Bankwide up to August 2025 Simanungkalit 3. Nofry Rony
3. Progress of ICOFR Implementation 4. Pietra Poetra
in accordance with Regulations Machreza 4. Setiyo Wibowo
and Monitoring of Follow-up Paloh * 5. Eko Waluyo
Actions on the ICOFR Diagnostic 5. Fahri Hamzah * 6. Hirwandi
Review; 6. Ida Nuryanti Gafar
4. Progress of the Implementation 7. I Nyoman
of Corporate Plan Initiatives, Sugiri Yasa
including Profitability Aspects, up 8. Rully Setiawan
to August 2025; 9. Hermita
5. Progress Update on the SUB Spin- 10. Tan Jacky
off Project; and Chen
6. Strategy for the Utilization of State 11. Venda Yuniarti
Funds Placement at BTN. 12. Helmy Afrisa *
Nugroho
2025 Annual Report 707
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08 Corporate Governance
Board of Commissioners Board of Directors
Meeting
No Meeting Agenda
Date
Participant Attendance Participant Attendance
6 November 1. Bankwide and SUB Performance 1. Suryo Utomo - 1. Nixon L.P.
26, 2025 Review up to October 2025; 2. Dwi Ary - Napitupulu
2. Monitoring of Risk Appetite, Risk Purnomo 2. Oni Febriarto
Tolerance, and Recovery Plan at 3. Panangian Rahardjo
the Bankwide up to October 2025 Simanungkalit 3. Nofry Rony
3. Progress of the Implementation 4. Pietra Poetra
of Corporate Plan Initiatives, Machreza 4. Setiyo Wibowo
including Profitability Aspects; Paloh 5. Eko Waluyo
4. Preparation for the Operation of 5. Ida Nuryanti * 6. Hirwandi
Bank Syariah Nasional (BSN) and 6. Fahri Hamzah Gafar
Capital Strengthening Strategy 7. I Nyoman
Post Spin-off; and Sugiri Yasa
5. Monitoring of the Settlement of 8. Rully Setiawan
Principal Credit Documents 9. Hermita
10. Tan Jacky
Chen
11. Venda Yuniarti
12. Helmy Afrisa *
Nugroho
Notes:
: Present
* : Present as observer
The realization of meetings between the Board of agreed that these meetings will be held at least once
Directors and the Board of Commissioners is presented every four (4) months upon invitation from the Board
in the section on Meetings of the Board of Directors with of Commissioners. However, if necessary, the meetings
the Board of Commissioners. may be conducted at any time, initiated by either party
or both parties.
Meeting of The Board Of Commissioners With
The Sharia Supervisory Board These meetings are conducted under the Guidelines
and Code of Conduct for the Board of Commissioners
Plan for Meetings between the Board of Commissioners and the Charter of the Sharia Supervisory Board.
and the Sharia Supervisory Board
Realization of the Meetings between the Board of
Based on OJK Regulation No. 2 of 2024 dated February Commissioners and the Sharia Supervisory Board
16, 2024, regarding the Implementation of Sharia
Governance for Sharia Commercial the Company's and Throughout 2025, the Board of Commissioners held
Sharia Business Units, Article 31 paragraph (3), banks meetings with the Sharia Supervisory Board 3 (three)
are required to hold meetings between the Sharia times. Below is a detailed table of the meetings between
Supervisory Board and the Board of Commissioners the Board of Commissioners and the Sharia Supervisory
at least once every four (4) months. The Board of Board.
Commissioners and the Sharia Supervisory Board have
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PT Bank Tabungan Negara (Persero) Tbk
Table of Meetings Between the Board of Commissioners and the Sharia Supervisory Board
Board of Commissioners Sharia Supervisory Board
Meeting
No Meeting Agenda
Date
Participant Attendance Participant Attendance
1 March 19, Update on the Supervision of the SUB 1. Chandra M. 1. Muhammad
2025 Restructuring Plan and Discussion on Hamzah Quraish
DPS Oversight for the First Quarter of 2. Iqbal Latanro Shihab
2025 3. Armand B. 2. Mohammad
Arief Bagus Teguh
4. Sentot A. Perwira
Sentausa 3. Muhammad
5. Adi Faiz
Sulistyowati
6. Bambang
Widjanarko
7. Andin
Hadiyanto
8. Herry
Trisaputra
Zuna
9. Himawan Arief
Sugoto
2 August 11, Supervision by the Sharia Supervisory 1. Suryo Utomo 1. Muhammad
2025 Board of BTN’s Sharia Business Unit for 2. Dwi Ary Quraish
the Second Quarter of 2025 Purnomo Shihab
3. Fahri Hamzah * 2. Mohammad
4. Ida Nuryanti * Bagus Teguh
5. Panangian * Perwira
Simanungkalit 3. Muhammad
6. Pietra * Faiz
Machreza
Paloh
3 November Supervision by the Sharia Supervisory 1. Suryo Utomo 1. Muhammad
5, 2025 Board of BTN’s Sharia Business Unit for 2. Dwi Ary Quraish
the Third Quarter of 2025 Purnomo Shihab
3. Ida Nuryanti 2. Mohammad
4. Panangian Bagus Teguh
Simanungkalit Perwira
5. Pietra 3. Muhammad
Machreza Faiz
Paloh
6. Fahri Hamzah *
Notes:
: Present
* : Present as Observer
2025 Annual Report 709
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08 Corporate Governance
Frequency and Attendance of Meetings
Table of the Frequency and Attendance of Board of Commissioners’ Meetings
Board of Commissioners
Meetings Between the
Internal Meeting of the Meeting Inviting the Board
Board
Board of Directors and Board of GMS
of Commissioners and the
of Commissioners Directors Meeting Inviting the
Sharia Supervisory Board
Board of Commissioners
Attendance
Name Position Attendance Number and Attendance Number and Attendance Number and Attendance Number and Rate of All
Meetings
Percentage Percentage Percentage Percentage
Number Number Number Number
Number of Number of Number of Number of
of of of of
Attendance % Attendance % Attendance % Attendance %
Meeting Meeting Meeting Meeting
Chandra M. President 13 9 69,23% 3 2 66,67% 1 1 100% 1 1 100% 72,22%
Hamzah* Commissioner/
Independent
Suryo Utomo** President 43 41 95,35% 6 5 83,34% 2 2 100% 1 1 100% 94,23%
Commissioner
Iqbal Latanro* Vice President 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Commissioner/
Independent
Dwi Ary Vice President 43 42 97,67% 6 5 83,34% 2 2 100% 1 1 100% 96,15%
Purnomo** Commissioner
Armand B. Arief* Independent 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Commissioner
Sentot A. Independent 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Sentausa* Commissioner
Andin Commissioner 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Hadiyanto*
Himawan Arief Commissioner 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Sugoto*
Herry Trisaputra Commissioner 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Zuna*
Adi Sulistyowati* Independent 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Commissioner
Bambang Independent 13 13 100% 3 3 100% 1 1 100% 1 1 100% 100%
Widjanarko* Commissioner
Fahri Hamzah** Commissioner 4 4 100% 1 1 100% - - - - - - 77,78%
Ida Nuryanti** Independent 24 24 100% 3 3 100% 1 1 100% 1 1 100% 100%
Commissioner
Panangian Independent 34 34 100% 5 5 100% 1 1 100% 1 1 100% 100%
Simanungkalit** Commissioner
Pietra Machreza Independent 34 34 100% 5 5 100% 1 1 100% 1 1 100% 100%
Paloh** Commissioner
* Information is reported up to the end of the term of office. The term of office ended at the AGMS for Fiscal Year 2024 on March 26, 2025.
** Appointed at the AGMS for Fiscal Year 2024 on March 26, 2025
Competency Development of Board of 1. Members of the Board of Commissioners are
Commissioners required to participate in continuous competency
development programs, either domestically or
Competency Development Policy internationally, with the aim of enhancing their skills
Policies related to competency development including and knowledge to support the execution of their
the Board of Commissioners orientation program is duties, obligations, and responsibilities.
governed by the Guidelines and Code of Conduct for the 2. The plan for continuous competency development
Board of Commissioners. The competency development for members of the Board of Commissioners is
policy for members of the Board of Commissioners outlined in the Board of Commissioners’ annual work
includes: program.
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PT Bank Tabungan Negara (Persero) Tbk
3. If continuous education is conducted outside of the pre-determined work program, the competency development
must be decided in a Board of Commissioners Meeting.
4. Members of the Board of Commissioners who have participated in continuous competency development must
submit a written report on the results to the Board of Commissioners or present it during a Board of Commissioners
Meeting.
5. New members of the Board of Commissioners are required to attend an orientation program to familiarize
themselves with the Company;
6. Other matters concerning facilities for the implementation of continuous education refer to the Company’s
regulation.
Competency Development Realization
Throughout December 31, 2025,, members of the Company’s Board of Commissioners participated in various
competency enhancement programs, including training, workshops, conferences, and seminars, as detailed in the
following table.
Types of Training and Development
Time and place
Name Position Programs Organizer
Implementation
Competency / Training
Chandra M. President Banking Risk Management Refreshment March 12, 2025, LPPI
Hamzah* Commissioner/ Program (Qualification Level 6) Jakarta
Independent
Suryo Utomo** President Orientation Program for the Board of April 10, 2025 to May BTN
Commissioner Commissioner 28, 2025, Jakarta
Banking Risk Management Education and April 16–17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 21, 2025, LSP BSMR
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15–16, 2025, BTN
Team” Surakarta
Onboarding Program for the Board of June 23–24, 2025 IRPA
Commissioners (BoC)
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
Iqbal Latanro* Vice President Win the Market with Digital Leadership and February 7, 2025, BTN
Commissioner/ Customer Centricity Jakarta
Independent
Dwi Ary Vice President Orientation Program for the Board of April 10, 2025 to May BTN
Purnomo** Commissioner Commissioners 28, 2025, Jakarta
Banking Risk Management Education and April 16–17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 22, 2025, LSP LSPP
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15–16, 2025, BTN
Team” Surakarta
Onboarding Program for Board of June 23–24, 2025 IRPA
Commissioner (BoC)
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
Armand B. Arief* Independent Banking Risk Management Refresher Program March 12, 2025, LPPI
Commissioner (Qualification Level 6) Jakarta
2025 Annual Report 711
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08 Corporate Governance
Types of Training and Development
Time and place
Name Position Programs Organizer
Implementation
Competency / Training
Sentot A. Independent Win the Market with Digital Leadership and February 7, 2025, BTN
Sentausa* Commissioner Customer Centricity Jakarta
Andin Commissioner Banking Risk Management Refresher Program March 12, 2025, LPPI
Hadiyanto* (Qualification Level 6)6 Jakarta
Himawan Arief Commissioner Win the Market with Digital Leadership and February 7, 2025, BTN
Sugoto* Customer Centricity Jakarta
Herry Trisaputra Commissioner Win the Market with Digital Leadership and February 7, 2025, BTN
Zuna* Customer Centricity Jakarta
Adi Sulistyowati* Independent Win the Market with Digital Leadership and February 7, 2025, BTN
Commissioner Customer Centricity Jakarta
Bambang Independent Win the Market with Digital Leadership and February 7, 2025, BTN
Widjanarko* Commissioner Customer Centricity Jakarta
Fahri Hamzah** Commissioner Orientation Program for the Board of April 10, 2025 to May BTN
Commissioners 28, 2025, Jakarta
Banking Risk Management Education and April 16-17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 24, 2025, LSP LSPP
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15-16, 2025, BTN
Team” Surakarta
Onboarding Program for Board of June 23-24, 2025 IRPA
Commissioner (BoC)
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
Ida Nuryanti** Independent Orientation Program for the Board of April 10, 2025 to May BTN
Commissioner Commissioners 28, 2025, Jakarta
Banking Risk Management Education and April 16-17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 24, 2025, LSP LSPP
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15-16, 2025, BTN
Team” Surakarta
Onboarding Program for Board of June 23-24, 2025 IRPA
Commissioner (BoC)
National Conference of IIA Indonesia 2025: August 27-28, 2025, Institute of
“Audit for Tomorrow: Strategic, Future-Ready, Medan Internal Auditors
Sustainable” Indonesia
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
712 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Types of Training and Development
Time and place
Name Position Programs Organizer
Implementation
Competency / Training
Panangian Independent Executive Overview for BOC April 4–7, 2025, LPPI
Simanungkalit** Commissioner Jakarta
Orientation Program for the Board of April 10, 2025 to May BTN
Commissioners 28, 2025, Jakarta
Banking Risk Management Education and April 16–17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 22, 2025, LSP LSPP
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15–16, 2025, BTN
Team” Surakarta
Onboarding Program for Board of June 23–24, 2025 IRPA
Commissioner (BoC)
National Conference of IIA Indonesia 2025: August 27–28, 2025, Institute of
“Audit for Tomorrow: Strategic, Future-Ready, Medan Internal Auditors
Sustainable” Indonesia
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
Pietra Machreza Independent Orientation Program for the Board of April 10, 2025 to May BTN
Paloh** Commissioner Commissioners 28, 2025, Jakarta
Banking Risk Management Education and April 16-17, 2025, BTN
Training (Qualification Level 6, Non-Tiered) Jakarta
Banking Risk Management Certification April 21, 2025, LSP BSMR
(Qualification Level 6, Non-Tiered) Jakarta
BTN Leadership Forum 2025 “One Vision, One May 15-16, 2025, BTN
Team” Surakarta
Risk Management Refreshment: Readiness in June 18-19, 2025, IRPA
Responding to the Escalation of Climate Risk Batam
and Cyber Risk 2025
Onboarding Program for Board of June 23-24, 2025 IRPA
Commissioner (BoC)
National Conference of IIA Indonesia 2025: August 27-28, 2025, Institute of
“Audit for Tomorrow: Strategic, Future-Ready, Medan Internal Auditors
Sustainable” Indonesia
Boardroom Bound: Board Oversight on September 27, 2025, BTN
Business Growth, Credit Quality, and Financial Lombok
Fundamentals
* Information is reported up to the end of the term of office. The term of office ended at the AGMS for Fiscal Year 2024 on March 26, 2025.
** Appointed at the AGMS for Fiscal Year 2024 on March 26, 2025
2025 Annual Report 713
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08 Corporate Governance
Orientation Program for New Members of The Board of Commissioners
The Company has always held an Orientation Program or Introduction for newly-appointed members of the Board of
Directors to be acquainted with one another and establish cooperation as a solid, comprehensive, effective team. The
Orientation Program also aims to provide insight into the condition of the Company in general. The orientation program
for the Board of Commissioner is regulated in the Guidelines and Code of Conduct of the Board of Commissioners,
namely:
1. Implementation of Good Corporate Governance and Code of Conduct principles in the Company.
2. Description regarding the duties and responsibilities of the Board of Commissioners and Board of Directors and
other restrictions.
3. Overview of the Company in terms of the objectives, nature, and scope of the Company’s activities, financial
performance, and strategies, as well as the Company’s short and long-term plans, risks, Internal Control, and other
strategic issues.
4. Information related to delegated authorities, internal and external audits, internal control systems, and policies..
The realization of the orientation program for newly appointed members of the Board of Commissioners in 2025 was
as follows:
Types of Training and Development
Name Position Programs Time and Place Organizer
Competency / Training
Suryo Utomo President Orientation Program for the Board of April 10 – May 28, BTN
Commissioner Commissioners 2025, Jakarta
Dwi Ary Vice President Orientation Program for the Board of April 10 – May 28, BTN
Purnomo Commissioner Commissioners 2025, Jakarta
Fahri Hamzah Commissioner Orientation Program for the Board of April 10 – May 28, BTN
Commissioners 2025, Jakarta
Ida Nuryanti Independent Orientation Program for the Board of April 10 – May 28, BTN
Commissioner Commissioners 2025, Jakarta
Panangian Independent Orientation Program for the Board of April 10 – May 28, BTN
Simanungkalit Commissioner Commissioners 2025, Jakarta
Pietra Machreza Independent Orientation Program for the Board of April 10 – May 28, BTN
Paloh Commissioner Commissioners 2025, Jakarta
Recommendation, Realization of Duties of The e. Ratification of the Proposed Write-Off Limit;
Board of Commissioners, and Supervision on f. Approval of the Restructuring Plan for the
The Implementation of Company Strategy Expansion of the Company's Sharia Business;
g. Approval of the Acquisition of PT Bank Victoria
The Board of Commissioners has carried out supervisory Syariah Shares by the Company;
duties, directing, providing advice, monitoring and h. Approval of amendments to the Company's
evaluating the implementation of the Company’s Articles of Association; and
strategic policies, including: i. Changes in the Composition of the Company's
1. Implementation of the Annual GMS decisions as Management
follows: 2. Periodic review of the Company's performance at
a. Ratification of the Company's Annual Report, the Bank-wide and Sharia Business Unit (UUS) levels.
Financial Statements, and PUMK Financial Report; 3. Periodic monitoring of risk management
b. Determination of the Use of the Company's Net implementation, including the risk profile, Bank’s
Profit; Soundness Level, CAR, risk appetite, risk tolerance,
c. Determination of Remuneration (salary/ and recovery plan.
honorarium, facilities, and allowances) and 4. Periodic monitoring of the implementation of the
Bonuses for the Company's Board of Directors company's strategic plan initiatives.
and Board of Commissioners; 5. Evaluation and monitoring of New Bank Products
d. Appointment of a Public Accountant (AP) (PBB) and Activities for the Benefit of the Bank (KuKB).
and/or Public Accounting Firm (KAP) to audit 6. Monitoring the implementation and follow-up of
the Financial Statements and PUMK Program internal and external audit results.
Financial Statements; 7. Monitoring the completion of credit documents.
714 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
8. Monitoring the implementation of Anti-Money q. Sustainable Financial Action Plan.
Laundering, Prevention of Terrorism Financing, and r. Evaluation of Audit Services by a Public
Prevention of the Financing of the Proliferation of Accounting Firm on Annual Financial Information.
Mass Destruction Weapons (APU, PPT, and PPPSPM) s. Affiliate Transactions
programs. t. Changes to Organizational Structure
9. Monitoring the implementation of Internal Control u. Recommendations for improving the Senior
over Financial Reporting (ICoFR). Executive Vice President (SEVP) Provisions of PT
10. Development of Sharia Business Unit (UUS) projects, Bank Tabungan Negara (Persero) Tbk.
including the acquisition of Sharia Commercial v. Recommendations for Nominated Talent for
Banks and the spin-off of Sharia Business Units. Board of Directors-1 and Existing Board of
11. Monitoring the progress of customer data Directors to the Financial Services CTC.
improvement. w. Proposed remuneration for the Board of
12. Approval of the preparation of the Company's Long- Commissioners and Directors, as well as bonuses
Term Plan, Business Plan, and Work Plan & Budget, for the Board of Commissioners and Directors.
including any amendments thereto
13. Recommendations and Determination of Collegial, Performance Assessment of The Board of
Individual, and State Capital Investment Key Directors and The Board of Commissioners
Performance Indicators (KPIs), including any
amendments thereto. In order to improve work performance and
14. Board of Commissioners' oversight of the Bank's responsibility, the Board of Commissioners and the
Business Plan Performance and Implementation. Board of Directors are committed to implementing
15. Company Organizational Development and Human policy and conducting performance assessment for
Resources (HR) Management Strategy. the Board of Commissioners and Directors. The Board of
16. Recommendation for the appointment of a Public Commissioners has its SelfAssessment Policy to assess
Accounting Firm (KAP) to audit the Company's the Board of Commissioners’ performance, while the
financial statements and the Financial Statements performance assessment of the Board of Directors is
of the Public Company. carried out through the achievement of KPIs which refer
17. Appointment of the Company's Corporate Rating to the results of measurements carried out by external
Services. auditors who audit the company’s annual financial
18. Approval of the Company's internal provisions reports.
requiring Board of Commissioners approval.
19. Other strategic policies, including: Performance Assessment of The Board of
a. Bank Performance and Implementation of the Directors
Bank's Business Plan
b. Preparation and Amendments to the Bank's Performance assessment of the Board of Directors,
Business Plan and the Company's Work Plan & including the President Director, both collegially and
Budget individually is carried out once in 1 (one) year and has
c. Key Performance Indicators (KPIs) of the Collegial been implemented in 2025.
Board of Directors
d. Operation of payment service providers PROCEDURE OF PERFORMANCE ASSESSMENT OF THE
e. Annual Audit Plan including budget. BOARD OF DIRECTORS
f. Provision of Credit/Financing to Related Parties.
g. Directions for Credit Committee Meeting The procedure for determining and assessing the
Decisions. performance of the Board of Directors refers to the
h. Directions for the the implementation of the Anti- Regulation of the Minister of BUMN number PER-2/
Bribery Management System. MBU/03/2023 concerning Guidelines for Governance
i. Operational Activities including Information and Significant Corporate Activities of StateOwned
Technology Infrastructure and Operations. Enterprises and the Decree of the Minister of BUMN
j. Activities and Management of Credit and Number SK-306/ MBU/11/2023 concerning Instructions
Financing. Technical Preparation of Key Performance Indicators
k. Publication of Financial Statements. for BUMN. BUMN Directors are required to sign an Annual
l. New Bank Products (PBB) and Activities for the Management Contract which contains the KPI targets for
Bank’s Interest (KuKB). Directors collectively and the KPI Directors individually.
m. Compliance Reports.
n. Internal Audit Unit Activity Report The KPI of the Directors collectively and the KPI of the
o. Reports on the results of external/regulatory Directors individually are effective measuring tools in
audits monitoring the performance and implementation of
p. Anti-Fraud Strategy the duties of the Company Management carried out
2025 Annual Report 715
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08 Corporate Governance
by the Directors. The procedures for determining and CRITERIA OF PERFORMANCE ASSESSMENT OF THE BOARD
assessing KPIs are regulated in articles 104 and 105 of OF DIRECTORS
the Minister of State-Owned Enterprises Regulation PER-
2/MBU/03/2023 as follows. Performance Assessment of Collegial Directors
1. The Board of Directors submits the Board of Directors’ The KPI used to measure and assess the performance
KPI proposals collegally to the GMS/ Minister to be of the Board of Directors collegiately in managing the
determined simultaneously with the determination company consists of 5 (five) perspectives, namely as
of the Company’s Budget Work Plan. follows:
2. Before ratifying the Company’s Budget Work Plan, 1. Economic and social values for Indonesia;
the Board of Commissioners must first consult with 2. Business model innovation;
state shareholders to determine the KPI for the Board 3. Technology leadership;
of Directors. 4. Investment improvement; and
3. Directors are required to translate the KPIs of the 5. Talent Improvement..
Directors collectively into the KPIs of the Directors
individually and submit them to the Board of Performance Assessment of Individual Directors
Commissioners for approval.
4. The Board of Directors’ KPI achievements are The Board of Directors’ KPI, collectively, is the individual
collectively reported in quarterly reports and annual KPI for the President Director. Meanwhile, the KPI of
reports. the Directors individually is a cascading of the KPI of
5. The calculation of the Directors’ KPI achievements the Main Director based on the duties, functions and
is reviewed collegially and individually by a public responsibilities of each Directorate of directors. Details
accounting firm that audits the company’s financial of individual Directors’ KPIs are presented in the following
statements. table.
Cascade of Directorate KPI Weights
No Collegial KPI Weight (%) Dir. Dir.
Dir.
Dir. Dir. Network Treasury &
Corporate
Consumer Commercial & Retail International
Banking
Funding Banking
I. ECONOMIC AND SOCIAL VALUE FOR
57,00
INDONESIA
A. FINANCIAL ASPECTS 29,00
1. PPOP 12,00
2. ROE Tier 1 10,00
3. Total Shareholder Return 7,00
B. OPERATIONAL ASPECTS
4. Cost of Credit (CoC) 10,00
5. Cost to Income Ratio (CIR) 5,00
C. SOCIAL ASPECTS 13,00
Realization of Subsidized
6. 8,00
Mortgage Distribution
7. NPS for Bank 5,00
II. BUSINESS MODEL INNOVATION 10,00
8. CASA Ratio 5,00
Average Credit Growth in the
9. 5,00
High Yield Segment
716 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Cascade of Directorate KPI Weights
Dir. Dir. Human Dir.
Dir. Risk Dir. SEVP Digital SEVP Asset SEVP Credit
Finance & Capital & Information
Management Operations Business Management Risk
Strategy Compliance Technology
2025 Annual Report 717
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08 Corporate Governance
Cascade of Directorate KPI Weights
No Collegial KPI Weight (%) Dir. Dir.
Dir.
Dir. Dir. Network Treasury &
Corporate
Consumer Commercial & Retail International
Banking
Funding Banking
III. TECHNOLOGY LEADERSHIP 10,00
Number of Active Users of
10. 5,00
Bale by BTN
11. Cyber Security Breach 5,00
IV. INCREASING INVESTMENT 15,00
Environment, Social,
12. 5,00
Governance (ESG) Rating
13. PM KPI Realization 5,00
14. Sustainable Financing/Credit 5,00
V. TALENT DEVELOPMENT 8,00
Human Capital
15. 8,00
Transformation
Total 100,00
THE PARTY CONDUCTING THE ASSESSMENT
The Board of Commissioners assesses the performance of the Board of Directors performance of the Directors is
assessed based on the calculation of the Directors’ KPI achievements collegially and individually referring to the
results of measurements carried out by external auditors who audit the company’s annual financial reports. The
Board of Commissioners, assisted by the Remuneration and Nomination Committee, conducts an assessment of the
performance of the Board of Directors, both collectively and individually. Furthermore, the Board of Commissioners
submits the results of the performance assessment of the Board of Directors collegial and individual to be reported to
shareholders. Referring to article 105 paragraph (1) PER-2/MBU/03/2023, the achievements of the Board of Directors’ KPI
are collectively reported in quarterly reports and annual reports.
BOARD OF DIRECTORS’ PERFORMANCE ASSESSMENT RESULTS
Board of Directors’ performance assessment was carried out during 2025 with the following assessment results:
Weight Target Real Penc. Final
No. Indicators Unit Polarity Penc. Adj.
(%) Dec-25 Dec-25 Awal score
ECONOMIC AND SOCIAL VALUE
I. 57,00
FOR INDONESIA
A. FINANCIAL ASPECTS 2G,00
IDR
1. PPOP 12,00 Maximize 10,68 10,75 100,63% 100,63% 12,08%
Trillion
2. ROE Tier 1 10,00 % Maximize 11,60 11,62 100,15% 100,15% 10,01%
3. Total Shareholder Return 7,00 % Maximize P25 P42 170,28% 110,00% 7,70%
B. OPERATIONAL ASPECTS 15,00
4. Cost of Credit (CoC) 8,00 % Minimize 1,75 1,67 104,54% 104,54% 8,36%
5. Cost to Income Ratio (CIR) 7,00 % Minimize 49,37 45,57 107,69% 107,69% 7,54%
718 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Cascade of Directorate KPI Weights
Dir. Dir. Human Dir.
Dir. Risk Dir. SEVP Digital SEVP Asset SEVP Credit
Finance & Capital & Information
Management Operations Business Management Risk
Strategy Compliance Technology
Weight Target Real Penc. Final
No. Indicators Unit Polarity Penc. Adj.
(%) Dec-25 Dec-25 Awal score
C. SOCIAL ASPECTS 13,00
Realization of subsidized
6. 8,00 % Maximize 70,00 96,12 137,31% 110,00% 8,80%
mortgage distribution
Net Promoter Score (NPS) for
7. 5,00 Score Maximize 49,00 50,00 102,04% 102,04% 5,10%
Bank
II. BUSINESS MODEL INNOVATION 10,00
8. CASA Ratio 5,00 % Maximize 55,30 51,68 93,46% 93,46% 4,67%
Average Credit Growth in the 2,47%
9. 5,00 % Maximize 23,28 11,49 49,33% 49,33%
High Yield Segment
Number of Active BTN Mobile 5,50%
10. 5,00 User Maximize 1.690.000 2.363.820 139,87% 110,00%
Users
Cyber Security Breach (Zero 5,50%
11. 5,00 Laporan Minimize 0 0 110,00% 110,00%
Incident)
III. INVESTMENT DEVELOPMENT 15,00
Rating Environment, Social,
12. 5,00 Ratings Maximize BBB AA 128,57% 110,00% 5,50%
Governance (ESG)
13. PM KPI Realization 5,00 % Maximize 100,00 100,78 100,78% 100,78% 5,04%
IDR
14. Sustainable Financing/Credit 5,00 Maximize 200,26 204,56 102,14% 102,14% 5,11%
Trillion
IV. TALENT DEVELOPMENT 8,00
15. Human Capital Transformation 8,00 % Maximize 100,00 112,37 112,37% 110,00% 8,80%
Total 100,00 102,18%
2025 Annual Report 719
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08 Corporate Governance
Performance Assessment of The Board of 1. Financial perspective;
Commissioners 2. Stakeholder perspective;
3. Internal process perspective;
Performance assessment of the Board of Commissioners, 4. Competency development perspective; and/or
both collegially and individually, is carried out once a 5. Other perspectives as needed.
year and has been implemented in 2025.
Individual Performance Assessment Criteria for the
PROCEDURE OF PERFORMANCE ASSESSMENT OF THE Board of Commissioners
BOARD OF COMMISSIONERS
The main criteria for evaluating the performance of the
The Board of Commissioners Performance Assessment Board of Commissioners individually include:
Procedures, both collegially and individually, were 1. Financial;
carried out through self-assessment based on the 2. Stakeholders;
Regulation of the Minister of State-Owned Enterprises 3. Internal Process;
number PER-3/MBU/03/2023 dated March 24, 2023 4. Learning & Growth;
concerning Organs and Human Resources of State- 5. Work Behavior;
Owned Enterprises and the Decree of the Secretary of 6. Additional/Ad Hoc Tasks
the Ministry of State-Owned Enterprises number SK-16/S.
MBU/2012 dated June 6, 2012 concerning Indicators/ THE PARTY CONDUCTING THE ASSESSMENT
Parameters for Assessment and Evaluation of the
Implementation of Good Corporate Governance in The performance assessment of the Board of
State-Owned Enterprises. Commissioners is carried out using a self-assessment
mechanism and is reported or submitted periodically to
CRITERIA OF PERFORMANCE ASSESSMENT OF THE BOARD shareholders.
OF COMMISSIONERS
RESULTS OF THE BOARD OF COMMISSIONERS’
Collegial Performance Evaluation Criteria for the Board PERFORMANCE ASSESSMENT
of Commissioners
Results of Collegial Performance Assessment of the
The performance assessment criteria must be Board of Commissioners
in accordance with the functions of the Board of
Commissioners in supervising and providing advice to The results of the achievement of the performance of
the Board of Directors, for the interests of the Company the Board of Commissioners in 2024 towards the Key
and shareholders in particular and stakeholders Performance Indicators (KPI) targets determined in the
in general. The primary criteria of the Performance work program are presented as follows:
Assessment for the Board of Commissioners include:
Board of Commissioners Collegial KPI Table 2025
January to December 2025
No Indicator P Weight Unit
Target Realization Achievement Value
a b c d e j k l m=d×l
1 Financial 10,00%
Budget realization Min 10% % 100 100 100% 10,00
against work plan
(investment grade, as
a corporate valuation)
720 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
January to December 2025
No Indicator P Weight Unit
Target Realization Achievement Value
a b c d e j k l m=d×l
2 Stakeholder 15,00%
Supervision and Max 5% kali 2 2 100% 5,00
Submission of Reports
on the Realization of
Bank Business Plans
and Recovery Plans to
the Financial Services
Authority periodically
in accordance with the
provisions
Reviewing and Max 5% kali 1 1 100% 5,00
submitting the Annual
Management Report
and Supervision
Results of the Board
of Commissioners
of Payment Service
Providers (PJP) to Bank
Indonesia periodically
in accordance with the
provisions
Review, approve Max 5% kali 4 4 100% 5,00
and submit reports
on the Company's
performance
oversight duties to
the Ministry of State-
Owned Enterprises
periodically in
accordance with the
provisions.
3 Internal Process 71,80%
Organizing and Max 10% kali 48 56 116,67% 11,67
attending Board
of Commissioners
meetings periodically
Organizing and Max 10% kali 12 12 100% 10,00
attending regular
meetings with the
Board of Directors
Organize and attend Max 5% kali 4 3 75% 3,80
regular meetings with
the Sharia Supervisory
Board (DPS)
Ensuring that Max 10% % 100 120 120% 12,00
the Board of
Commissioners'
Supporting Organ
Committee has
carried out its duties
and functions properly
and effectively in
accordance with the
provisions
Ensure the Max 10% % 100 100 100% 10,00
implementation
of GCG principles
at all levels of the
organization
2025 Annual Report 721
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08 Corporate Governance
January to December 2025
No Indicator P Weight Unit
Target Realization Achievement Value
a b c d e j k l m=d×l
Review, evaluate, Max 15% % 100 120 120% 18,00
approve, and monitor
Company documents
and/or policies as
needed
Conducting visits to Max 5% % 4 8 120% 6,00
Work Units/Regional
Offices/ Branch Offices
in order to carry
out the supervisory
function of the Board
of Commissioners
4 Learning & Growth 12,00%
Implementing Max 10% Jam 20 30 120% 12,00
improvements in
knowledge, skills,
and abilities through
participation in
seminars/ training
according to their field
of work.
Total 100% 108,47%
Results of Individual Performance Assessment of the Board of Commissioners
As regulated in the Minister of BUMN Regulation Number PER-2/MBU/03/2023 concerning Guidelines for Governance
and Significant Corporate Activities of BUMN, the Board of Commissioners is obliged to carry out an annual evaluation
of each individual member of the Board of Commissioners. The method determined by the Board of Commissioners in
assessing the performance of members of the Board of Commissioners is the self-assessment method which is then
reviewed and approved by the Board of Commissioners. Assessment is carried out using key performance indicators
that are specific, measurable, achievable, and relevant.
Performance assessment of the members of the Board of Commissioners has been carried out during 2025 with the
assessment results based on the following main performance indicators:
Board of Commissioners Individual Assessment Table
Key Performance Dwi Ary Panangian Pietra Machreza
No. Suryo Utomo Fahri Hamzah Ida Nuryanti
Indicators (KPI) Purnomo Simanungkalit Paloh
1 Financial
Budget realization to the 8,00 8,00 8,00 8,00 8,00 8,00
Board of Commissioners'
work plan
2 Stakeholder
Supervision and 4,00 4,00 4,00 4,00 4,00 4,00
Submission of Reports
on the Realization of
Bank Business Plans
and Recovery Plans to
the Financial Services
Authority periodically
in accordance with the
provisions
722 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Key Performance Dwi Ary Panangian Pietra Machreza
No. Suryo Utomo Fahri Hamzah Ida Nuryanti
Indicators (KPI) Purnomo Simanungkalit Paloh
Reviewing and 4,00 4,00 4,00 4,00 4,00 4,00
submitting the Annual
Management Report
and Supervision
Results of the Board
of Commissioners
of Payment Service
Providers (PJP) to Bank
Indonesia periodically
in accordance with the
provisions
Review, approve 4,00 4,00 4,00 4,00 4,00 4,00
and submit reports
on the Company's
performance oversight
duties to the Ministry
of State-Owned
Enterprises periodically
in accordance with
regulations.
3 Internal Process
Organize and attend 8,00 8,00 8,00 8,00 8,00 8,00
regular Board of
Commissioners
Meetings
Organize and attend 8,00 8,00 8,00 8,00 8,00 8,00
regular meetings with
the Board of Directors
Organize and attend 2,00 2,00 2,00 2,00 2,00 2,00
regular meetings with
the Sharia Supervisory
Board (DPS)
Ensure that the Board 8,00 8,00 8,00 8,00 8,00 8,00
of Commissioners'
Supporting Organ
Committee has carried
out its duties and
functions properly
and effectively in
accordance with the
provisions.
Ensuring the 8,00 8,00 8,00 8,00 8,00 8,00
implementation of GCG
principles at all levels of
the organization
Review, evaluate, 12,00 12,00 12,00 12,00 12,00 12,00
approve and monitor
Company documents
and/or policies as
needed.
Conducting visits to 4,80 4,80 4,80 4,80 4,80 4,80
Work Units/Regional
Offices/ Branch Offices
in order to carry
out the supervisory
function of the Board of
Commissioners
2025 Annual Report 723
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08 Corporate Governance
Key Performance Dwi Ary Panangian Pietra Machreza
No. Suryo Utomo Fahri Hamzah Ida Nuryanti
Indicators (KPI) Purnomo Simanungkalit Paloh
4 Learning & Growth
Implementing 9,60 9,60 9,60 9,60 9,60 9,60
improvements in
knowledge, skills
and abilities through
participation in
seminars/training in
accordance with their
field of work.
Work Behavior
AKHLAK 18,80 18,80 18,80 18,80 18,80 18,80
Additional/AD Hoc Tasks
1 President 1,00
Commissioner also
serves as a Member
of the Board of
Commissioners, a
representative of the
Indonesian Ministry of
Finance
2 Vice-President 1,00
Commissioner also
serves as a Member
of the Board of
Commissioners,
representative of BP
BUMN
3 Member of the Board 1,00
of Commissioners,
representative of the
Ministry of PKP
4 Chairman of the 1,00
Remuneration and
Nomination Committee
5 Chairman of the Audit 1,00
Committee
6 Chairman of the Risk 1,00
Monitoring Committee
Total Achievement of Key 100,20 100,20 100,20 100,20 100,20 100,20
Performance Indicators (KPI)
Predicate Excellent Excellent Excellent Excellent Excellent Excellent
Description:
Value Predicate Value Predicate Value Predicate
<60 Not Good <80 Quite Good <100 Very Good
<70 Less Good <90 Good 100 Excellent
724 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Assessment of The Performance The performance assessment of the Remuneration
of Committees Under The Board of and Nomination Committee is based on specific,
Commissioners and The Basis of Its measurable, achievable and relevant benchmarks or
Assessment assessment criteria contained in the main performance
assessment indicators contained in the main
Performance assessment of the Committees under the performance assessment indicators with the following
Board of Commissioners is carried out once in a year aspects:
and was implemented in 2025. 1. Financial Aspect.
2. Customer Aspect.
Procedure for The Performance Evaluation of 3. Internal Process Aspect.
The Board of Commissioners 4. Learning & Growth Aspect.
The Board of Commissioners is assisted by 3 The performance assessment of the Risk Monitoring
(three) committees, namely the Audit Committee, Committee is based on specific, measurable,
Remuneration and Nomination Committee, and Risk achievable and relevant benchmarks or assessment
Monitoring Committee. The Board of Commissioners criteria contained in the main performance assessment
conducts an annual assessment of the effectiveness of indicators with the following aspects:
the performance of the Committees under the Board of 1. Aspects of Task and Responsibility Fulfilment.
Commissioners. The assessment in question is based 2. Aspects of Planning and Reporting.
on the Minister of State-Owned Enterprises Regulation 3. Aspects of Operations and Competency
number PER-3/ MBU/03/2023 dated March 24, 2023 Development.
concerning Organs and Human Resources of State- 4. Dynamic Aspects
Owned Enterprises and OJK Regulation number 17 of
2023 concerning the Implementation of Governance for Party Carrying out The Assessment
Commercial Banks.
Performance evaluation of Committees under the Board
Criteria for Performance Evaluation of of Commissioners is carried out periodically using the
Committees Under The Board 0f Commissioners self-assessment method and then submitted to the
Board of Commissioners for review and approval.
Audit Committee performance assessment is based
on specific, measurable, achievable and relevant Results of The Performance Assessment of The
benchmarks or assessment criteria contained in the Committee Under The Board of Commissioners
main performance assessment indicators with the
following aspectsikut: The Board of Commissioners considers that throughout
1. Regular Aspects. 2025, the Committees have carried out their duties
2. Non-Regular Aspects. and responsibilities quite effectively. The results of the
3. Other Aspects performance assessment of committees under the
Board of Commissioners are as follows.
2025 Annual Report 725
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08 Corporate Governance
PERFORMANCE ACHIEVEMENTS OF THE AUDIT COMMITTEE
The Audit Committee assessment is evaluated based on the Key Performance Indicators working paper as follows:
Weight Value
Realization Target Achievement
(%) (%)
No Key Performance Indicators
a b c d=b/c e=d×a
I REGULAR 80 80,00
1 Providing recommendations for approval of the Annual 10 1 1 100% 10,00
Audit Plan to the Board of Commissioners
2 Monitoring and evaluation of the implementation of 10 4 4 100% 10,00
Internal and External Audits including follow-up on audit
results
3 Attending the Internal Audit Exit Meeting 10 4 4 100% 10,00
4 Monitoring and evaluating the effectiveness of the 10 4 4 100% 10,00
internal control system including the implementation of
ICOFR policies and procedures
5 Checking and evaluating Quarterly Published Financial 10 4 4 100% 10,00
Reports
6 Providing recommendations regarding the appointment 10 2 2 100% 10,00
of KAP and Evaluation of the Implementation of KAP Audit
Services to the Board of Commissioners
7 Reviewing, evaluating and providing input to the Board 10 12 12 100% 10,00
of Commissioners regarding monthly Performance
Review material
8 Preparing quarterly and annual reports on the activities 5 4 4 100% 5,00
of the Audit Committee to the Board of Commissioners
9 Preparing a quarterly supervisory report of the Board of 5 6 6 100% 5,00
Commissioners on the Company's performance which
is submitted to the Minister of State-Owned Enterprises
and semesterly to the OJK.
II NON REGULAR 5 10,00
10 Competency Development related to Duties and 5 56 15 200% 10,00
Responsibilities (training hours)
IV OTHERS 15 30,00
11 Audit Committee Meeting 15 32 12 200% 30,00
TOTAL 100 120,00
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PT Bank Tabungan Negara (Persero) Tbk
PERFORMANCE ACHIEVEMENTS OF THE REMUNERATION AND NOMINATION COMMITTEE
The Remuneration and Nomination Committee assessment is evaluated based on the Key Performance Indicators
working paper as follows:
Score
Score
Value
Weight Achievement (C x D
Perspective Key Performance Indicators Target Realization (Max
(%) (%) xHx
100%-
100)
120%)
(C) (D) (E) (F) (G) (H)
Financial Monitoring and Evaluating the Board of 10% 4 4 100,00% 100,00% 10,0
Commissioners' Budget Realization
Stakeholder Reviewing the Bank Business Plan Report 5% 3 3 100,00% 100,00% 5,0
(RBB), Company Work Plan and Budget
(RKAP), Sustainable Financial Action Plan
(RAKB) and Payment Service Provider
Report (PJP) as well as Self-Assessment
to the Bank Regarding GCG periodically in
accordance with the provisions
Recommendations and Assessment 5% 3 3 100,00% 100,00% 5,0
of Candidate Members of the Board of
Commissioners, Candidate Members
of the Sharia Supervisory Board, and
Directors related to the implementation of
the Company's GMS
Conducting Communication and 5% 12 20 166,67% 120,00% 6,0
Coordination with the Human Resources
Business Unit
Validation of BOD-1 Bank BTN Selected 5% 3 1 33,33% 33,33% 1,7
Talent Proposal
Preparing the Board of Commissioners' 5% 6 6 100,00% 100,00% 5,0
Supervisory Report regarding Human
Resources to the Financial Services
Authority and the Ministry of State-Owned
Enterprises periodically in accordance
with the provisions.
Internal Organizing and attending regular 20% 10 31 310,00% 120,00% 24,0
Process Remuneration and Nomination
Committee meetings
Determination of income, amount of 5% 3 2 66,67% 66,67% 3,3
bonuses, bonuses and other incentives
for the Board of Commissioners, Directors
and Sharia Supervisory Board
Recommendations for Proposed 5% 2 2 100,00% 100,00% 5,0
Candidates for Head of Internal Audit
Unit, Corporate Secretary, and Supporting
Organs of the Board of Commissioners
Evaluation of Internal Policies related to 10% 4 5 125,00% 120,00% 12,0
Human Resources
Recommendations and Evaluation of 5% 4 5 125,00% 120,00% 6,0
Key Performance Indicators Collegially
and Individually by the Board of
Commissioners, Sharia Supervisory Board,
and Board of Directors
Preparing the Work Program of the Board 5% 1 1 100,00% 100,00% 5,0
of Commissioners and the Remuneration
and Nomination Committee
Conducting a review of the Proposed Work 5% 1 1 100,00% 100,00% 5,0
Program of the Sharia Supervisory Board
Preparing the Report on the Realization 5% 4 4 100,00% 100,00% 5,0
of the Remuneration and Nomination
Committee's Work Program
2025 Annual Report 727
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08 Corporate Governance
Score
Score
Value
Weight Achievement (C x D
Perspective Key Performance Indicators Target Realization (Max
(%) (%) xHx
100%-
100)
120%)
Learning & Implementing knowledge improvements, 5% 20 30 150,00% 120,00% 6,0
Growth skills and abilities through participation in
seminars/training according to their field
of work.
Total 100%
TOTAL (I) 104,00
Note:
For achievements that are colored red, their implementation can be done at any time if needed in accordance with the request submitted by the Board of
Directors.
PERFORMANCE ACHIEVEMENTS OF THE RISK MONITORING COMMITTEE
The Risk Monitoring Committee’s assessment is evaluated based on the Key Performance Indicators working paper
as follows:
as per December 2025
Realization
Score
No Performance Indicator Unit Target Achievement Weight
(%)
a b c=a÷b d e=c×d
I ASPECTS OF FULFILLMENT OF DUTIES AND RESPONSIBILITIES 60,00 57,50
1 Reviewing the Risk Profile Report unit 4 4 100,00 10,00 10,00
2 Reviewing Bank’s Soundness Level Reports and Minimum unit 2 2 100,00 10,00 10,00
Capital Requirement Obligations
3 Reviewing and Providing Recommendations regarding Risk unit 3 1 200,00 5,00 10,00
Appetite and Risk Tolerance
4 Conducting a Review of the Recovery Action Plan and Updating unit 1 2 50,00 5,00 2,50
the Resolution Plan
5 Reviewing the Risk Maturity Index Assessment unit 1 1 100,00 5,00 5,00
6 Reviewing the Credit Committee Decision Report % 100 100 100,00 5,00 5,00
7 Reviewing the Sustainability Report and Sustainable Finance unit 2 2 100,00 5,00 5,00
Action Plan
8 Conducting a Review of Risk Management Policy Guidelines unit 0 1 0,00 5,00 0,00
9 Conducting a Review of Compliance Reports unit 4 4 100,00 5,00 5,00
10 Submitting Self-Assessment Report on Corporate Governance unit 2 2 100,00 5,00 5,00
Implementation
II PLANNING AND REPORTING ASPECTS 15,00 15,00
11 Quarterly Activity Realization Report unit 4 4 100,00 5,00 5,00
12 Annual Activity Realization Report unit 1 1 100,00 5,00 5,00
13 Annual Work Program for the Following Year unit 1 1 100,00 5,00 5,00
III OPERATIONAL ASPECTS AND COMPETENCY DEVELOPMENT 15,00 28,00
14 Conducting Committee Meetings unit 32 12 200,00 10,00 20,00
15 Competency Development Related to Duties and jam 32 20 160,00 5,00 8,00
Responsibilities
728 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
as per December 2025
Realization
Score
No Performance Indicator Unit Target Achievement Weight
(%)
a b c=a÷b d e=c×d
IV DYNAMIC ASPECTS 10,00 11,11
16 Completion of Other Tasks in accordance with the Risk % 100 90 111,11 10,00 11,11
Management Division
TOTAL 100 111,61
Mechanism for The Dismissal And a. failure to perform their duties;
Resignation of The Board of Commissioners b. violation of the Articles of Association and/or
applicable laws and regulations;
1. The dismissal or replacement of members of the c. involvement in actions that harm the Company
Board of Commissioners must prioritize the best and/or state;
interests of the Company. d. engagement in actions that violate ethics and/or
2. The dismissal or replacement of members of the propriety that should be respected as a member
Board of Commissioners, as mentioned above, of the Board of Commissioners;
which takes place before the end of the member’s e. being found guilty by a court decision that has
term, must consider at least the following : permanent legal force;
a. the member of the Board of Commissioners f. resignation;
is deemed unable to perform their duties and g. other reasons deemed appropriate by the
responsibilities in managing and implementing AGM in the best interests and objectives of the
the Company’s health strategy; Company.
b. the dismissal or replacement of the members 5. The decision of dismissal as referred to in point 3,
of the Board of Commissioners is not based on letters a, b, c, d, and g, is made after the individual
subjective assessments from shareholders but is given the opportunity to defend themselves in the
is based on objective evaluations related to the AGM.
management of the Company; 6. If there is a family relationship between a member
c. the dismissal or replacement of members of the of the Board of Commissioners and a member
Board of Commissioners has gone through the of the Board of Directors up to the third degree,
planning and applicable mechanism, which at either through direct or collateral lineage, including
least takes into account the assessment from relationships arising from marriage, the AGM is
the committee responsible for the nomination authorized to dismiss one of them.
function and has been scheduled in the AGM; 7. A member of the Board of Commissioners has the
d. the dismissal or replacement of members of the right to resign from their position before the term
Board of Commissioners does not result in issues ends by notifying the Company in writing of their
within the organization and business activities of intention.
the Company; 8. A member of the Board of Commissioners who is a
e. the implementation of the dismissal or candidate for:
replacement of members of the Board of a. A member of the House of Representatives
Commissioners prioritizes good communication (DPR), Regional House Representatives (DPRD), or
patterns with relevant parties; and Regional representative Council (DPD);
f. the process is carried out with a focus on b. President or Vice President, and/or
implementing good corporate governance and c. Governor, Deputy Governor, Regent, Deputy
the principle of prudence. Regent, Mayor, or Deputy Mayor must resign and/
g. members of the Board of Commissioners are or be dismissed from their position as a member
dismissed by the AGM of the Board of Commissioners under the
3. The dismissal of a member of the Board of Applicable laws and regulations, while observing
Commissioners takes effect from the closing of the their rights and obligations as stipulated by the
AGM. regulations.
4. A member of the Board of Commissioners may be 9. The Company is required to hold an AGM to decide
dismissed at any time based on the decision of the on the resignation request of a member of the Board
AGM if there is evidence of the following: of Commissioners within a maximum period of 90
(ninety) days after receiving the written notice of
resignation.
2025 Annual Report 729
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08 Corporate Governance
10. If the member of the Board of Commissioners and considering the personality of the candidates
resigns, causing the number of members of the for the Board of Commissioners, including integrity,
Board of Commissioners to become less than 3 honesty, professionalism, leadership, experience,
(three) people, the resignation is valid if it has been loyalty, and the adequacy of their time for the
approved by the AGM and a new member of the advancement of the Company.
Board of Commissioners has been appointed.
Implementation and Remuneration
Procedure for The Board of Directors and
Nomination and Remuneration for Board of Commissioners
The Board of Directors and Board of
Commissioners Remuneration Policy of The Board of
Commissioners and Directors
Board of Directors and Board of
Commissioners Nomination Procedures The preparation of the remuneration policy is inseparable
from the Company’s capabilities and is always based
Board of Directors Nomination Procedure on a competitive, fair, and risk-based basis that is
in line with the directions and policies of the OJK. To
The nomination procedure for Directors has been keep remuneration competitive, the Company always
regulated in Special Policy No. KK.6-F concerning Good performs benchmarking through surveys conducted by
Corporate Governance Procedures. The nomination independent parties.
procedures for Directors are as follows:
1. Members of the Board of Directors are appointed Procedure for Determining Remuneration of The
and dismissed by GMS. Board of Directors and Board of Commissioners
2. The selection of prospective members of the
Board of Directors is carried out through a The Company has issued Special Policy (KK) No. 3-D
transparent selection and nomination process, concerning the Remuneration of the Board of Directors,
taking into account the recommendations of the Board of Commissioners, SEVP, and supporting
Board of Commissioners based on the study of organs of the Board of Commissioners. The scope
the Remuneration and Nomination Committee, of the policy includes, among others, the objectives
considering expertise, integrity, honesty, leadership, of implementing governance in the provision of
experience, behavior, dedication, and the adequacy remuneration, variable remuneration, and material risk
of time for the progress of the Bank. takers. The Company determines the remuneration of
3. Candidates for members of the Board of Directors the Board of Commissioners and the Board of Directors
who are internal officials of the Company may be with reference to the Regulation of the Minister of
proposed by the Commissioners through a review of State-Owned Enterprises Number PER-3/MBU/03/2023
the Remuneration and Nomination Committee. dated 20 March 2023 concerning Organs and Human
4. The appointment of members of the Board of Directors Resources of State-Owned Enterprises, Letter of BPI
is carried out through a fit and proper test mechanism. Danantara Number S-063/DI-BP/VII/2025 dated 30 July
Prospective members of the Board of Directors who 2025 regarding the Granting of Tantiem, Incentives, and/
pass the test must sign a management contract or Other Forms of Income to the Board of Directors and
before being appointed as the Board of Directors. Board of Commissioners of SOEs and SOE Subsidiaries,
and Letter of PT Danantara Asset Management (Persero)
Board of Commissioners Nomination Procedure Number SR.235/DI-DAM/HC/2025 dated 23 December
2025 regarding the Submission of the Determination of
The nomination procedures for the Board of Commissioners BTN’s Remuneration for 2025.
are regulated in Special Policy No. KK.6-F dated August 25,
2023 concerning Good Corporate Governance Procedures The policy stipulated at the Annual GMS dated 26
and Work Guidelines and Regulations for the Board of March 2025 granted authority and power to the Series
Commissioners. The nomination procedures for the Board A Dwiwarna Shareholder to determine the amount
of Commissioners are: of tantiem and to determine the salary/honorarium,
1. Members of the Board of Commissioners are allowances, facilities, and other incentives for the
appointed and dismissed by GMS. Board of Commissioners and the Board of Directors,
2. The selection of candidates for members of the Board as well as granted authority and power to the Board of
of Commissioners is proposed by shareholders Commissioners, subject to prior written approval from
through a transparent selection and nomination the Series A Dwiwarna Shareholder, to determine the
process, taking into account the recommendations amount of tantiem, salary/honorarium, allowances,
of the Remuneration and Nomination Committee facilities, and other incentives for the Board of Directors.
730 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Procedure for Determining The Remuneration for The Board of Directors and Board of Commissioners:
1 2 3
The Board of Commissioners KRN coordinates with the Human KRN prepares recommendations
assigned the Remuneration and Capital Division (HCD) and related for remuneration for the Board
Nomination Committee (KRN) to work units to prepare remuneration of Commissioners and Directors
conduct a remuneration review proposals for the Board of to be submitted to the Board of
Commissioners and Directors Commissioners
6 5 4
The GMS gives authority and power The Board of Commissioners submits The Board of Commissioners
to the Board of Commissioners the proposed remuneration for discussed the remuneration
to determine by first obtaining the Board of Commissioners and proposal submitted by KRN
approval from the Series A Dwiwarna Directors to the GMS
shareholders
The scope of the Company’s remuneration policy has been adjusted to OJK Regulation No. 5/POJK.03/2015 and OJK
Circular Lette No. 40/ SEOJK.03/2016 on the Implementation of Governance in Providing Remuneration for Commercial
Banks, including:
1. The principle of prudence in remuneration is based on performance and risk.
2. Determination of Material Risk Taker (MRT) is categorized as follows:
a. Material Risk Takers (MRT) can be determined using qualitative methods according to the portion of
responsibility that affects the main risk profile which will be determined in accordance with the risk profile
evaluation determined by the Company every year.
b. Determination of the MRT category can also be conducted quantitatively through a comparison of variable
remuneration between MRT and non-MRT employees with consideration of performance and also the risk level
of the position in question.
3. The implementation of variable remuneration is in accordance with regulatory provisions regarding the application
of remuneration for commercial banks.
Indicators for Determining Remuneration for Directors and Board of Commissioners
The Company refers to the Regulation of the Minister of State-Owned Enterprises Number PER-3/MBU/03/2023 dated
20 March 2023 concerning Organs and Human Resources of State-Owned Enterprises, Letter of BPI Danantara Number
S-063/DI-BP/VII/2025 dated 30 July 2025 regarding the Granting of Tantiem, Incentives, and/or Other Forms of Income
to the Board of Directors and Board of Commissioners of SOEs and SOE Subsidiaries, and Letter of PT Danantara Asset
Management (Persero) Number SR.235/DI-DAM/HC/2025 dated 23 December 2025 regarding the Submission of the
Determination of BTN’s Remuneration for 2025, as resolved at the General Meeting of Shareholders (GMS) for the
financial year 2024 held on 26 March 2025. The salary/honorarium of members of the Board of Directors and the Board
of Commissioners is determined, among others, based on the following factors:
1. Business scale factor
2. Business complexity factor
3. Inflation rate
4. Company’s financial condition and capability
5. Other factors that are relevant, and may not conflict with laws and regulations
6. The composition of the Salary/Honorarium of the Board of Directors and the Board of Commissioners is determined
as follows:
a. The President Director’s salary is determined using the internal guidelines set by the Minister.
b. The Vice President Director’s salary is 95% of the President Director’s salary.
c. The salary of other members of the Board of Directors is 85% of the President Director’s salary.
d. The Main Commissioner’s honorarium is 45% of the President Director’s salary.
e. The honorarium for the Vice President Commissioner is 42.5% of the salary for the President Director.
f. The honorarium for members of the Board of Commissioners is 90% of the President Commissioner’s salary.
2025 Annual Report 731
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08 Corporate Governance
Meanwhile, the Company’s internal regulations are 1. The income of the Company’s Board of Directors and
regulated in the provisions of Special Policy No. KK.3-D Board of Commissioners is determined by the GMS/
concerning the Income of the Board of Directors, Board Minister.
of Commissioners, and Supporting Organs of the Board 2. The income of SEVP is determined by the Board of
of Commissioners. Directors.
3. The income of members of the Company’s Board of
Remuneration consists of a remuneration structure that Directors may consist of:
is oriented towards the sustainable development of the • Salary;
Company and encourages the achievement of long- • Allowances;
term goals. • Facilities;
• Tantiem / Work Incentive / Special Incentive; and
Structure and Remuneration Director and Board • LTI.
of Commissioners 4. The income of members of the Bank’s Board of
Commissioners may consist of:
In accordance with the provisions of Special Policy (KK) • Honorarium;
3.D Regarding the Income of the Board of Directors, • Allowance;
Board of Commissioners, and Supporting Organs of the • Facilities;
Board of Commissioners, the remuneration structure 5. SEVP member earnings
indicating the types and/ or short-term, long-term and/ • Salary;
or post-employment rewards is as follows: • Allowances;
1. Types of short-term remuneration consist of: • Facilities;
Honorarium, Allowances (holidays, transportation), • Tantiem / Work Incentive / Special Incentive; and
Facilities (health, legal aid) and Tantiem. • LTI.
2. Types of long-term and/or post-employment
remuneration consist of Post-Employment Insurance Amount of Nominal/ Remuneration for Each
and can also be given long-term incentives (LTI) and Director and Board of Commissioners
Tantiem/Work Incentives, where in the Tantiem can
be given additional long-term incentives (LTI). The remuneration and facilities received by the Board
of Directors and Board of Commissioners in 1 (one)
The remuneration components of the Board of year include the remuneration structure and details of
Commissioners and Directors are regulated as follows: nominal amounts, as in the table below:
Transportation Allowance
No Name Position salary Tantiem* Holiday allowance Insurance Soundness
Transportation
Housing Benefit
Allowance
Nixon L.P. President
1 - -
Napitupulu Director
Oni Febriarto Vice President
2 - -
Rahardjo Director
3 Setiyo Wibowo Director - -
4 Hirwandi Gafar Director - -
Nofry Rony
5 Director - -
Poetra
6 Eko Waluyo Director - -
7 Tan Jacky Chen Director - -
8 Venda Yuniarti Director - - -
Helmi Afrisa
9 Director - - -
Nugroho
I Nyoman Sugiri
10 Director - - -
Yasa
11 Rully Setiawan Director - - -
12 Hermita Director - - -
732 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Vehicle Facility Communication Facility
Overseas Domestic
PPh-21 Total
(Operating Lease (Lease Purchase Business Travel Business Travel Mobile Phone
Fuel Oil (BBM) Handphone
Option) Option) Allowance
-
-
-
-
-
-
-
- -
- - -
- - - -
-
-
2025 Annual Report 733
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08 Corporate Governance
Transportation Allowance
No Name Position salary Tantiem* Holiday allowance Insurance Soundness
Transportation
Housing Benefit
Allowance
Elisabeth Novie
13 Director - - -
Riswanti
14 Andi Nirwoto Director - -
15 Jasmin Director - -
Hakim
16 Director - - -
Putratama
Muhammad
17 Director - -
Iqbal
Jumlah Direksi Rp49.431.403.770,52 Rp0,00 Rp3.831.622.350,00 Rp9.514.003.370,00 Rp3.215.796.045,08 Rp0,00 Rp3.909.435.486,00
President
1 Suryo Utomo - - -
Commissioner
Dwi Ary Vice President
2 - - -
Purnomo Commissioner
3 Fahri Hamzah Commissioner - - - - -
4 Ida Nuryanti Commissioner - - -
Pietra Machreza
5 Commissioner - - -
Paloh
Panangian
6 Commissioner - -
Simanungkalit
Chandra President
7 - -
Martha Hamzah Commissioner
Vice President
8 Iqbal Latanro - -
Commissioner
Andin
9 Commissioner - -
Hadiyanto
10 Armand B Arief Commissioner - - -
Herry Trisaputra
11 Commissioner - -
Zuna
Himawan
12 Commissioner - -
Arief S.
Sentot A
13 Commissioner - -
Sentausa
## Adi Sulistyowati Commissioner - -
Bambang
## Commissioner - - -
Widjanarko
Number of Board of Commissioners Rp13.665.593.848,84 Rp0,00 Rp1.651.007.955,00 Rp3.142.609.192,00 Rp1.054.019.209,00 Rp2.704.991.514,00 Rp0,00
Number of Directors + Board of
Rp63.096.997.619,35 Rp0,00 Rp5.482.630.305,00 Rp12.656.612.562,00 Rp4.269.815.254,08 Rp2.704.991.514,00 Rp3.909.435.486,00
Commissioners
* During 2025, there were no bonuses/tantiem granted
734 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Vehicle Facility Communication Facility
Overseas Domestic
PPh-21 Total
(Operating Lease (Lease Purchase Business Travel Business Travel Mobile Phone
Fuel Oil (BBM) Handphone
Option) Option) Allowance
- -
-
- - -
- -
- - - -
Rp1.933.639.992,00 Rp8.036.700.000,00 Rp1.592.646.452,00 Rp912.093.775,00 Rp702.500.000,00 Rp474.516.000,00 Rp167.026.218,00 Rp21.657.178.144,00 Rp105.378.561.602,60
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Rp0,00 Rp0,00 Rp0,00 Rp0,00 Rp219.250.000,00 Rp0,00 Rp0,00 Rp7.824.588.912,00 Rp30.262.060.630,84
Rp1.933.639.992,00 Rp8.036.700.000,00 Rp1.592.646.452,00 Rp912.093.775,00 Rp921.750.000,00 Rp474.516.000,00 Rp167.026.218,00 Rp29.481.767.056,00 Rp135.640.622.233,44
2025 Annual Report 735
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08 Corporate Governance
Diversity Policy for The Board of improving the quality of decision-making, strengthening
Directors and Board of Commissioner the supervisory and risk management functions, and
supporting the achievement of the Company's business
Diversity of Policy for the Board of Commissioners and performance and sustainability.
Directors The diversity policy for the composition of
the Company’s Board of Commissioners and Directors In accordance with the diversity policy set by the Ministry
is regulated in the Articles of Association and Board of SOEs, the target ratio of women in nominated talent is
Manual which stipulate that the Board of Commissioners 25% and the target ratio of young top talent (≤ 42 years
and Directors are a combination of professionals who old) in nominated talent is 15%. The target achievement
have the knowledge and experience required by the in 2025 shows that the ratio of women in nominated
Company to enable an effective decision-making talent is 28% and the ratio of young top talent (≤ 42
process, efficient and immediate. In determining years old) in nominated talent is 16%. Going forward,
the members of the Board of Commissioners and the Company will strive to be consistent in ensuring the
Directors, the Company always strives to ensure that diversity of the Board of Commissioners and Board of
the composition of the Board of Commissioners and Directors, especially regarding gender and age diversity.
Directors is diversein terms of competency, gender and
age (presence of young top talent). Diversity in The Composition of The Board of
Directors
The composition diversity is aligned with the Company’s
needs, complexity, and strategic direction, enabling the Diversity Aspects in the Composition of the Board of
Board of Commissioners and the Board of Directors to Directors, including:
incorporate diverse perspectives into their deliberations 1. Age
and decision-making processes, reflecting the Members of the Board of Directors represent a
varied educational backgrounds, competencies, and diverse range of age groups.
experiences of each member. 2. Gender
Gender diversity is considered among the members
To support the effective execution of their duties and of the Board of Directors.
responsibilities, the Company consistently promotes 3. Education, Experience, and Expertise; having at least:
the enhancement of the competencies of the Board a. One member with expertise/work experience/
of Commissioners and the Board of Directors through education in economics, business, or finance;
participation in training, workshops, and other b. One member with expertise/work experience/
development programs relevant to the Company’s education in the banking industry; and/or
business needs and corporate governance. c. One member with expertise/work experience/
education in risk management.
The implementation of diverse composition of the Board
of Commissioners and Board of Directors is expected to The diverse composition of the Company’s Board of
provide added value to the Company, particularly in Directors is presented in the table below.
Table of Diversity in the Composition of the Board of Directors
Name Position Age Gender Education Work Experience Expertise
Nixon L.P President 56 years Male Bachelor of Experience in banking Economics
Napitupulu Director old Economics
Oni Febriarto Vice President 54 years Male Bachelor of Experience in banking Management
Rahardjo Director old Engineering
Master of
Management
Andi Nirwoto* Director of 55 years Male Bachelor of Experience in banking Finance,
Information old Engineering Engineering
Technology Master of
Finance
Elisabeth Director 58 years Female Bachelor of Civil Experience in banking Business,
Novie of Assets old Law Accounting
Riswanti* Management
736 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Name Position Age Gender Education Work Experience Expertise
Jasmin* Director of 61 years Male Bachelor of Experience in banking Business,
Distribution & old Economics Accounting
Institutional (Accounting)
Banking International
Business Degree
Setiyo Director 48 years Male Bachelor of Experience in banking Finance,
Wibowo of Risk old Electrical Engineering
Management Engineering
MBA
in Finance &
Banking
Hirwandi Director of 57 years Male Bachelor of Civil Experience in banking Civil Engineering
Gafar Consumer old Engineering
Banking
Nofry Rony Director of 57 years Male Bachelor of Experience in banking Economics
Poetra Finance & old Economics
Strategy MBA in Business
Eko Waluyo Director 54 years Male Bachelor of Experience in banking Economic
of Human old Economics Management
Capital & Master of
Compliance Management
Master from
Gatoon
College of
Business,
Short Course
Program in
Cooperation
with MM UGM
Hakim Director of 49 years Male Bachelor of Political Experience in banking International
Putratama* Operations old Science Relations
& Customer Master of Science International
Experience Business
Muhammad Director of 52 years Male Bachelor of Experience in banking Management
Iqbal* SME & Retail old Industrial
Funding Engineering
Master of General
Management
Master of Business
Administration
Rully Director of 51 Years Male Bachelor of Having work experience in Management
Setiawan** Network & Old Industrial banking
Retail Funding Engineering
Master of General
Management
Master of Business
Administration
I Nyoman Director of 48 Years Male Bachelor of Politics Having work experience in International
Sugiri Yasa** Operations Old Master of Science banking Relations Science
International
Business
Hermita** Director of 57 Years Female Bachelor of Law Having work experience in Law
Commercial Old Master of banking Management
Banking Agribusiness
Management
Tan Jacky Director of 54 Years Male Bachelor of Having work experience in Technique
Chen** Information Old Engineering banking Finance
Technology Master of Finance
Venda Director of 45 Years Female Bachelor of Having work experience in Technique
Yuniarti** Treasury & Old Electrical banking Business
International Engineering Administration
Banking Master of Business
Administration
(Corporate
Finance)
2025 Annual Report 737
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08 Corporate Governance
Name Position Age Gender Education Work Experience Expertise
Helmy Afrisa Director of 60 Years Male Bachelor of Having work experience in Bussiness
Nugroho*** Corporate Old Economics banking Accounting
Banking majoring
Accounting
International
Business Degree
*) Dismissed through the Annual GMS for the 2024 Fiscal Year on March 26, 2025.
**) Nominated through the Annual GMS for the 2024 Fiscal Year on March 26, 2025, having passed the OJK's fit and proper assessment.
***) Nominated through the Annual GMS for the 2024 Fiscal Year on March 26, 2025, in the OJK’s fit and proper assessment process
Diversity in The Composition of The Board of Commissioners
The diversity aspects in the composition of the Board of Commissioners include:
1. Age
Members of the Board of Commissioners represent a variety of age groups.
2. Gender
Gender diversity is taken into consideration for the members of the Board of Commissioners.
3. Education, Experience, and Expertise; The Board of Commissioners includes at least:
a. One member with expertise/work experience/education in economics, business, or finance;
b. One member with expertise/work experience/education in the banking industry; and/or
c. One member with expertise/work experience/education in risk management.
4. Independence
a. The majority of the Board of Commissioners members are Independent Commissioners.
b. The tenure of Independent Commissioners is limited to 2 (two) consecutive terms or a maximum of 10 (ten)
years.
The diversity in the composition of the Board of Commissioners is presented in the table below
Table of Diversity in Composition of the Board of Commissioners
Work
Name Position Period Age Gender Education
Experience
Chandra M. President 58 years Male Bachelor (S1) of Law Experienced in Law, Finance,
Hamzah* Commissioner/ old a law firm and and People
Independent the Corruption Management
Eradication
Commission.
Suryo Utomo** President 56 years Male • Bachelor (S1) Experienced at the Accounting,
Commissioner old of Accounting Ministry of Finance Law, Taxation,
Economics of the Republic of Finance, and
• Bachelor (S1) of Law Indonesia IT/Information
• Master (S2) of Systems
Business Taxation
• Doctor of Philosophy
(S3)
Iqbal Latanro* Vice President 67 years Male • Bachelor (S1) of Experienced in Banking,
Commissioner old Economics Financial Services Compliance, and
/ Independent • Master (S2) and Securities Rating Risk Management
of Business Services
Management
Dwi Ary Vice President 50 years Male • Bachelor (S1) of Work experience Risk
Purnomo** Commissioner old Accounting at the State- Management,
• Master (S2) of Law Owned Enterprises Corporate
Regulatory Agency Governance,
(BP BUMN) Accounting, and
Law
738 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Work
Name Position Period Age Gender Education
Experience
Armand B. Arief* Independent 73 years Male • Bachelor (S1) Work experience in Banking, Risk
Commissioner old of Business Financial Services Management,
Administratio and Financial and Business
• Master (S2) Regulatory Management
of Business
Administration
Sentot A. Independent 68 years Male • Bachelor (S1) of Experienced in Statistics,
Sentausa* Commissioner old Statistics Financial Services Business
• Master (S2) Management,
of Business Banking, and Risk
Administration Management
Andin Commissioner 60 years Male • Bachelor (S1) of Work experience Finance and
Hadiyanto* old Economics at the Indonesian Macroeconomics
• Master (S2) of Ministry of Finance,
International the Ministry of Trade,
Development the World Bank, the
• Doctor (S3) of Asian Infrastructure
International Investment Bank
Development (AIIB), and AMRO.
Himawan Arief Komisaris 62 years Male • Bachelor (S1) of Civil Work experience Property,
Sugoto* old Engineerin at the Ministry of Distribution
• Master (S2) of Civil Agrarian Affairs and and Trading,
Engineering Spatial Planning/ Management.
National Land
Agency
Herry Trisaputra Commissioner 58 years Male • Bachelor (S1) of Civil Work experience at Economics,
Zuna* old Engineering the Ministry of Public Housing and
• Bachelor (S1) of Works and Public Infrastructure
Management Housing Development
• Master (S2) of Engineering
Highway Systems
and Engineering
• Doctor (S3) of Civil
Engineering
Adi Sulistyowati* Independent 58 years Female Bachelor (S1) of Experienced in Banking, Risk
Commissioner old Management Financial Services Management,
Economics and Business
Management
Bambang Independent 62 years Male • Bachelor (S1) of Experienced in a Accounting,
Widjanarko* Commissioner old Accounting Financial Regulatory Auditing,
• Master (S2) of Agency Islamic Banking,
Business and and Business
Finance Management
Fahri Hamzah** Commissioner 54 years Male Bachelor (S1) of Experienced at the Macroeconomics,
old Economics Ministry of Housing Housing, Political
and Settlement Science, and Risk
Areas of the Republic Management
of Indonesia and the
Legislative Institution
of the DPR RI
Ida Nuryanti** Independent 58 years Female • Bachelor (1) of Law Experienced at Compliance,
Commissioner old • Master (2) of Banking Regulator, Banking, Risk
Management Bank Indonesia Management,
Legal, People
Management,
and IT/
Information
Systems
Panangian Independent 65 years Male • Bachelor (S1) of Civil Experienced in Property, Risk
Simanungkalit** Commissioner old Engineering the housing and Management,
• Master Degree property sector Finance, and
(S2) MSc. School Macroeconomics
of Engineering &
Geoinformation
Technology
2025 Annual Report 739
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08 Corporate Governance
Work
Name Position Period Age Gender Education
Experience
Pietra Machreza Independent 55 years Male • Extensive Experienced in the Business
Paloh** Commissioner old Class, Business energy business and Management,
Administration aviation business Risk
• Master (S2) fields Management,
of Business Compliance,
Administration Finance.
* Information was reported until the end of the term of office. The term of office ended at the 2024 Annual General Meeting of Shareholders on March 26, 2025.
** Appointed at the 2024 Fiscal Year AGM on March 26, 2025
In 2025, the composition of the Company’s Board of Commissioners and Board of Directors fulfilled the diversity aspects
in accordance with the Articles of Association, the Board Manual, and the Shareholders’ Aspirations. For informational
purposes, the diversity composition of the Bank’s Board of Commissioners and Board of Directors is presented below:
Gender Diversity of the Board of Directors Age Diversity of the Board of Directors
1
2
8%
17%
3
25%
8
10
83% 67%
as of December 31, 2025
Male Female 40 - 49 Years Old 50 - 59 Years Old 60 - 69 Years Old
Gender Diversity of the Board of Commissioners Age Diversity of the Board of Commissioners
0
1
1
14%
14%
6
6
86%
86%
as of December 31, 2025
Male Female 40 - 49 Years Old 50 - 59 Years Old 60 - 69 Years Old
Transparency of Share Ownership of The Board of Directors and Board of
Commissioners
Share Ownership of Members of The Board of Directors and The Board of Commissioners
The Board of Directors and Board of Commissioners have disclosed their and/or family’s share ownership which reaches
5% or more in the Company or other companies domiciled inside and outside the country. For share ownership up to
December 31, 2025, the Board of Directors and the Board of Commissioners do not own shares with total ownership
reaching 5% or more, both in the Company and other companies.
740 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Board of Directors Share Ownership of 5% or More
Share Ownership (shares)
Name Position
Other
BTN Other Banks Financial institutions
Companies
Nixon L.P President Director Nil Nil Nil Nil
Napitupulu
Oni Febriarto Vice President Director Nil Nil Nil Nil
Rahardjo
Andi Nirwoto* Director of Information Nil Nil Nil Nil
Technology
Elisabeth Novie Director of Assets Nil Nil Nil Nil
Riswanti* Management
Jasmin* Director of Distribution & Nil Nil Nil Nil
Institutional Banking
Setiyo Wibowo Director of Risk Nil Nil Nil Nil
Management
Hirwandi Gafar Director of Consumer Nil Nil Nil Nil
Banking
Nofry Rony Poetra Director of Finance & Nil Nil Nil Nil
Strategy
Eko Waluyo Director of Human Nil Nil Nil Nil
Capital & Compliance
Hakim Putratama* Director of Operations & Nil Nil Nil Nil
Customer Experience
Muhammad Iqbal* Director of SME & Retail Nil Nil Nil Nil
Funding
Rully Setiawan** Director of Network & Nil Nil Nil Nil
Retail Funding
I Nyoman Sugiri Director of Operations Nil Nil Nil Nil
Yasa**
Hermita** Director of Commercial Nil Nil Nil Nil
Banking
Tan Jacky Chen** Director of Information Nil Nil Nil Nil
Technology
Venda Yuniarti** Director of Treasury & Nil Nil Nil Nil
International Banking
Helmy Afrisa Director of Corporate Nil Nil Nil Nil
Nugroho*** Banking
*) Dismissed through the Annual GMS for the 2024 Fiscal Year on March 26, 2025.
**) Appointed through the Annual GMS for the 2024 Fiscal Year on March 26, 2025, has passed the OJK's fit and proper test.
***) Appointed through the Annual GMS for the 2024 Fiscal Year on March 26, 2025, in the OJK's fit and proper test process.
Board of Commissioners Share Ownership of 5% or More
Share Ownership (shares)
Name Position
Financial Other
BTN Other Banks
institutions Companies
Chandra M. President Commissioner/ Nil Nil Nil Nil
Hamzah* Independent
Suryo Utomo** President Commissioner Nil Nil Nil Nil
2025 Annual Report 741
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08 Corporate Governance
Share Ownership (shares)
Name Position
Financial Other
BTN Other Banks
institutions Companies
Iqbal Latanro* Vice President Commissioner Nil Nil Nil Nil
/ Independent
Dwi Ary Purnomo** Vice President Commissioner Nil Nil Nil Nil
Armand B. Arief* Independent Commissioner Nil Nil Nil Nil
Sentot A. Independent Commissioner Nil Nil Nil Nil
Sentausa*
Andin Hadiyanto* Commissioner Nil Nil Nil Nil
Himawan Arief Commissioner Nil Nil Nil Nil
Sugoto*
Herry Trisaputra Commissioner Nil Nil Nil Nil
Zuna*
Adi Sulistyowati* Independent Commissioner Nil Nil Nil Nil
Bambang Independent Commissioner Nil Nil Nil Nil
Widjanarko*
Fahri Hamzah** Commissioner Nil Nil Nil Nil
Ida Nuryanti** Independent Commissioner Nil Nil Nil Nil
Panangian Independent Commissioner Nil Nil Nil Nil
Simanungkalit**
Pietra Machreza Independent Commissioner Nil Nil Nil Nil
Paloh**
* Information was reported until the end of the term of office. The term of office ended at the 2024 Annual General Meeting of Shareholders on March 26, 2025.
**Appointed at the 2024 Fiscal Year AGM on March 26, 2025
Share Ownership Transactions of The Board of Directors and The Board of Commissioners
Share ownership transactions of the Company's Board of Directors and Board of Commissioners, including the
submission of reports to the Regulator, refer to Financial Services Authority Regulation No. 4 of 2024 concerning
Ownership Reports or Any Changes in Share Ownership of Public Companies and Reports on Activities of Pledge of
Shares of Public Companies, Decree of the Board of Directors of PT Bursa Efek Indonesia No. Kep-00087/BEI/12-2025
concerning Regulation Number I-E concerning Obligations to Submit Information, and the Company's Articles of
Association. Members of the Board of Directors or members of the Board of Commissioners who own shares with
voting rights, either directly or indirectly, are required to submit a report on ownership of voting rights over shares and
any changes in ownership of voting rights over shares of the Public Company (dhi. BBTN) to the Financial Services
Authority. The report must be submitted no later than 5 (five) working days from the occurrence of ownership of voting
rights over shares or any changes in ownership of voting rights over shares of the Public Company.
Throughout 2025, there were changes in the share ownership of members of the Board of Directors that were reported
to the regulator in accordance with the procedures and mechanisms set out in the above policy, while there were no
changes in the share ownership of the Board of Commissioners. The details of the share ownership transactions are
as follows:
Number of Shares and
Percentage of
Share Ownership Number Purchase Reporting
Transaction Notification Date Ownership Transaction
Name Position of Shares Price per Date to
Date to the Company status Purpose
Purchased Share OJK
Before After
Transaction Transaction
Tan Director of May 28, May 28, 2025 376.335 724.135 347.800 May 28, Direct June 10, 2024
Jacky Information 2025 shares / shares / shares 2025 2025 employee
Chen Technology 0,0026815% 0,0051597% performance
bonus
granted in
the form of
shares
742 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Organs and Committees Under The Board of Commissioners
Secretary of The Board of Commissioners
The secretary of the Board of Commissioners of the Company is appointed by the Board of Commissioners and is
responsible to the Board of Commissioners of the Company. The responsibilities of the Secretary of the Board of
Commissioners include organizing the administration, assisting the Board of Commissioners in performing the
oversight function of the effective performance of the Company, and ensuring that the Board of Commissioners has
implemented the principles of GCG properly.
Duties and Responsibilities of The Board of Commissioners Secretary
The duties and responsibilities as Secretary of the Board of Commissioners following the regulation of the minister of
SOEs are to conduct activities to assist the Board of Commissioners in carrying out their duties in the form of:
1. Preparing for the meeting, including the briefing sheet of the Board of Commissioners;
2. Creating the Minutes of Meetings of the Board of Commissioners following the provisions of the Articles of Association;
3. Administering the documents of the Board of Commissioner, both incoming letters and exit letters, Minutes of
Meetings, and other documents;
4. Drafting work plan and budget (RKAP) of the Board of Commissioners.
5. Drafting the reports of the Board of Commissioners.
6. Carrying out other duties of the Board of Commissioners..
Profile of Secretary of The Board of Commissioners
The brief profile of the Secretary of the Board of Commissioners of the Company is as follows.
Fahrudin*
Secretary of the Board of Commissioners
Indonesia Citizen,
Temanggung, November 19, 1983
(42 years ols as of December 2025,
Domicile in Jakarta Pusat DKI Jakarta.
Educational Background Legal Basis for Appointment
• Board of Commissioners Decree Number 06/KOM/BTN/2022
• Bachelor of Accounting, University of Indonesia (2009)
dated September 28, 2022
• Master of Accounting, Gadjah Mada University (2012)
• Board of Commissioners Decree number 11/KOM/BTN/2025
dated October 1, 2025
Work Experience
• Middle State Enterprise Governance at Assistant Deputy for
TJSL - Ministry of SOEs (November 2023—present) Period of Office
• Junior State Enterprise Governance at Assistant Deputy for • October 01, 2022 to September 30, 2025 (Period I)
TJSL - Ministry of SOEs (November 2021—October 2023) • November 1, 2025 to November 30, 2025 (Period II)
• Secretary of the Board of Commissioners of PT Bank Tabungan
Negara (Persero) Tbk (October 2022-November 2025)
• Secretary of the Supervisory Board of Perum Bulog (November Concurrent Position
2019— September 2022) Management of Middle State Companies at the Assistant Deputy
• Secretary of the Board of Commissioners of PT Bank Negara for TJSL, Ministry of BUMN.
Indonesia (Persero) Tbk (July 2017—October 2019)
• Secretary of the Board of Commissioners of PT Pembangunan
Perumahan (Persero) Tbk (April 2016—July 2017).
*) term of office ended on November 30, 2025
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08 Corporate Governance
Weny Maulatsih*
Secretary of the Board of Commissioners
Indonesia Citizen,
Banyumas, November 24, 1985
(40 years as of December 2024),
Domicile in Tangerang Selatan Banten.
Educational Background Legal Basis for Appointment
Board of Commissioners Decree Number 13/KOM/BTN/2025
• Diploma IV in Accounting - State College of Accountancy
dated November 26, 2025 concerning the Appointment of the
(2012)
Secretary of the Board of Commissioners of PT Bank Tabungan
• Master of Business Management - Bina Nusantara University
Negara (Persero) Tbk
(2020)
Work Experience Period of Office
• Secretary of the Board of Commissioners of PT Bank Tabungan December 01, 2025 to November 30, 2030 (Period I)
Negara (Persero) Tbk (2025 – present)
• Secretary of the Board of Commissioners of PT Bahana Concurrent Position
Pembinaan Usaha Indonesia (Persero) (2024 – 2025) Coordinator of Organization and Culture of the State-Owned
• Secretary of the Board of Commissioners of PT Semen Enterprises Regulatory Agency (formerly Ministry of State-
Indonesia (Persero) Tbk (2022 – 2024) Owned Enterprises).
• Secretary of the Board of Commissioners of PT Pelindo
Terminal Petikemas (2021 – 2022)
• Coordinator of Organization and Culture of the State-Owned
Enterprises Regulatory Agency (formerly Ministry of State-
Owned Enterprises) (2021 – present)
*) Started on December 1, 2025
Competency Development of The Board of Commissioner Secretary
Training and Competency
Time and place
Name Development Types/ Organizer
Implementation
Materials
Fahrudin* Mastering Strategic January 8, 2025, Jakarta TNYI
Communication for Leader
Weny Maulatsih** - - -
*) term of office ended on November 30, 2025
*) Started from December 1, 2025
Implementation of Duties of The Board of Commissioners Secretary
The Secretary of the Board of Commissioners shall carry out the following duties:
1. To carry out administrative activities within the secretariat of the Board of Commissioners.
2. To Organize Board of Commissioners Meetings and meetings between the Board of Commissioners and
Shareholders, Directors, and other stakeholders, including preparing meeting invitations, preparing meeting
materials, and preparing minutes of meetings of the Board of Commissioners, including minutes of meetings
between the Board of Commissioners and the Board of Directors.
3. To deliver the original minutes of the Board of Commissioners meeting to the Company.
4. To draft the Work Plan and the Board of Commissioners’ Budget (RKAP).
5. To prepare the Board of Commissioners reports.
6. To ensure that the Board of Commissioners complies with statutory regulations and applies the principles of good
corporate governance.
7. To provide the information required by the Board of Commissioners periodically and/or at any time it is requested
8. To coordinate Committee members (if needed) to facilitate the duty of the Board of Commissioners.
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PT Bank Tabungan Negara (Persero) Tbk
9. Acting as a liaison officer for the Board of 9. Financial Services Authority Regulation (POJK)
Commissioners with other parties. Number 17 of 2023 concerning Implementation of
10. Collecting data, reports and/or information relevant Governance for Commercial Banks;
to the implementation of the duties of the Board of 10. Financial Services Authority Regulation Number
Commissioners. 2 of 2024 dated February 15, 2024, concerning
11. To perform other duties assigned by the Board the Implementation of Sharia Governance for
of Commissioners regarding the duties and the Commercial Banks and Sharia Business Units;
functions of the Board of Commissioners. 11. Financial Services Authority Regulation Number
12 of 2024 dated July 23, 2024, concerning the
Audit Committee Implementation of Anti-fraud Strategies for Financial
Service Institutions;
The Company establishes the Audit Committee in order 12. Financial Service Authority Regulation Number 15 of
to support the Board of Commissioners in carrying out 2024 dated October 2, 2024, concerning the Integrity
the supervisory functions, including monitoring and of Bank Financial Reporting;
evaluating the implementation of the internal control 13. Financial Services Authority Circular Letter (SEOJK)
system, assessing the implementations of activities and Number 35/SEOJK.03/2017 concerning Standard
the audit results carried out by the Internal Audit Unit and Guidelines for Internal Control Systems for
external auditors, reviewing financial information to be Commercial Banks;
issued by the Company, and reviewing the compliance 14. Bank Indonesia Circular Letter No. 12/13/DPbS//2010
with the provisions related to the Company’s activities. regarding the Implementation of Good Corporate
Governance for Sharia Commercial Banks and
Legal Basis for Establishing The Audit Committee Sharia Business Units;
15. Articles of Association of the Company;
The establishment of the Audit Committee is based on 16. Board of Commissioners Decree Number 18/KOM/
the following regulations: BTN/2024 dated December 18, 2024, regarding the
1. Regulation of the Minister of State-Owned Enterprises Guidelines and Rules of Procedure for the Board of
Number PER-2/MBU/03/2023 concerning Guidelines Commissioners of The Company.
for Governance and Significant Corporate Activities
of State-Owned Enterprises; Duties and Responsibilities of The Audit
2. Regulation of the Minister of State-Owned Enterprises Committee
Number PER-3/MBU/03/2023 concerning Organs
and Human Resources of State-Owned Enterprises; In carrying out its functions, the Audit Committee shall
3. Decree of the Deputy for Finance and Risk perform the following duties and responsibilities:
Management of the Ministry of State-Owned a. Internal and External Audit
Enterprises of the Republic of Indonesia No. 1. Assisting the Board of Commissioners in ensuring
SK-5/DKU.MBU/11/2024 dated November 11, 2024, and reviewing the effectiveness of the internal
concerning Technical Guidelines for Internal Control control system, based on information obtained
Over Financial Reporting (ICFR) of State-Owned from the Internal Audit Unit (SKAI) at least once a
Enterprises; year;
4. Financial Services Authority Regulation No. 33/ 2. Providing recommendations to the Board of
POJK.04/2014 dated December 8, 2014, concerning Commissioners regarding: appointment and
the Board of Commissioners of Issuers of Public removal of the Head of the Internal Audit Work
Companies; Unit, and provision of annual remuneration for
5. Financial Services Authority Regulation No. 55/ the Internal Audit Work Unit as a whole as well as
POJK.04/2015 dated December 23, 2015, concerning performance awards;
the Establishment and the Guidelines for the work of 3. Providing recommendations to the Board of
Implementation of the Audit Committee; Commissioners regarding the preparation of the
6. Financial Services Authority Regulation No. 01/ audit plan, scope, and budget for the Internal
POJK.03/2019 dated January 28, 2019, concerning Audit Unit;
the implementation of the Internal Audit Function in 4. Monitoring and evaluating the audit planning,
Commercial Banks; audit implementation, and follow-up on the
7. Financial Services Authority Regulation Number 9 results of internal and external audits to assess
of 2023 concerning the Use of Public Accounting the adequacy of internal control
Services and Public Accounting Firms in Financial 5. Reviewing and evaluating internal auditor reports
Services Activities; periodically, recommending and ensuring that
8. Financial Services Authority Regulation Number 12 of the Board of Directors takes corrective action to
2023 dated July 12, 2023, concerning Sharia Business overcome control weaknesses, fraud, compliance
Units;
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08 Corporate Governance
issues with policies and laws and regulations or 3. Provide recommendations to the Board of
other problems identified and reported by the Commissioners regarding the appointment and/
Internal Audit Work Unit; or replacement of Public Accountants/Public
6. Carrying out monitoring and evaluation used Accounting Firms based on independence,
to provide recommendations to the Board of scope of assignment, and service fees;
Commissioners at least regarding: 4. Evaluating the implementation of audit services
a) Implementation of the duties of the internal for annual financial information carried out
audit work unit. by Accountants/ Public Accountants/Public
b. Implementation of follow-up actions by the Accounting Firms.
Board of Directors regarding the findings of the 5. Monitoring and reviewing the financial reporting
Company’s internal audit work unit, external process audited by the External Auditor;
auditors, results of supervision by the Financial 6. Ensuring the credibility and objectivity of the
Services Authority, and/or results of supervision Company’s financial statements to be issued
by other authorities and institutions. to external parties and regulatory bodies,
7. Monitoring, reviewing, and assessing the including addressing complaints and/or notes
effectiveness of the implementation of Internal of irregularities in the reports during the Audit
and External Audit, including the management of Committee’s review period;
the Whistleblowing System (WBS); 7. reviewing the financial information to be released
8. Ensuring the Internal Audit Unit communicates with by the Company to the public and/or regulatory
the Board of Directors, Board of Commissioners, authorities, including financial statements,
Sharia Supervisory Board, External Auditors, Bank projections, and other financial-related reports,
Indonesia, and the Financial Services Authority as well as reviewing the monthly financial
(OJK); performance review;
9. Evaluating the performance of the Internal Audit 8. Providing an independent opinion in the event of
Unit; a difference of opinion between management
10. Ensuring the objectivity, independence, and and the Accountant regarding the services
integrity of Internal and External Auditors in provided;
performing their duties; 9. Reviewing complaints related to the Company’s
11. Providing recommendations to the Board of accounting and financial reporting processes.
Commissioners regarding the issuance of the c. Others
Internal Audit Charter; 1. Providing evaluations/recommendations to
12. Providing recommendations to the Board of the Board of Commissioners regarding the
Commissioners on the appointment of an appointment, reappointment and removal of
independent external quality controller to review Rating Companies to carry out Sound Level
the performance of the Internal Audit Unit; Assessments (Company Ratings) based on
b. Financial Reporting independence, scope of assignment and service
1. Conducting monitoring and evaluation of: fees.
a) Implementation of internal control policies 2. Providing recommendations regarding
and procedures in the Company’s financial improvements to the management control
reporting process (Internal Control over system and its implementation.
Financial Reporting or ICOFR); 3. Conduct a review mechanism on related party
b. The conformity of Financial Statements transactions.
with financial accounting standards and 4. Ensuring that there are satisfactory evaluation
regulations set by the Financial Services procedures for all information issued by the
Authority (OJK) regarding the recording of Company.
financial transactions; 5. Identifying matters that require the attention
The results of the monitoring and evaluation are of the Board of Commissioners as well as other
used to provide recommendations to the Board duties of the Board of Commissioners.
of Commissioners to ensure the integrity of the 6. Carrying out other authorities, duties and
financial reporting process in the Company. responsibilities related to its functions.
2. Carrying out the procurement process 7. Reviewing compliance with laws and regulations
for prospective public accounting firms in relating to Company activities.
accordance with the provisions for procurement 8. Reviewing and providing advice to the Board of
of the Company goods and services, and if Commissioners regarding potential conflicts of
necessary, request assistance from the Board of interest of the Company
Directors in the procurement process.
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PT Bank Tabungan Negara (Persero) Tbk
9. Maintaining the confidentiality of documents, data and Company information; and
10. Carrying out other duties of the Board of Commissioners in accordance with the Audit Committee’s field of
duties.
Audit Committee Charter
The Audit Committee has a Work Guidelines and Regulations or Audit Committee Charter based on the Decree of the
Board of Commissioners number 19/KOM/BTN/2024 dated December 18, 2024 concerning the Work Guidelines and
Regulations of the Audit Committee of PT Bank Tabungan Negara (Persero) Tbk. The Guidelines and Procedures for the
Work or the Audit Committee Charter serve as a reference for the Audit Committee in carrying out its duties effectively.
The Audit Committee Charter is created with the aim of being the basis and guidance for the Audit Committee in
carrying out its duties, including monitoring and evaluating the implementation of the internal control system,
assessing the implementation of audit results carried out by the Internal Audit Unit and external Auditors, reviewing
financial information to be issued by the Company, and reviewing the compliance with regulations relating to the
Company’s activities.
The contents of the Audit Committee Guidelines and Work Rules (Charter) include, among others:
General Provisions, the Purpose of Article 1 General Provisions
Establishing the Audit Committee Charter
Chapter I
Article 2 Definition, Purpose, and Objectives of the Guidelines and
Procedures for the Work of the Audit Committee.
Duties, Responsibilities, and Authorities of Article 3 Audit Committee Responsibilities and Authorities
Chapter II the Audit Committee
Article 4 Audit Committee Obligations
Working Procedures, Information Access Article 5 Procedures and Working Methods of the Audit Committee
and Confidentiality, Composition,
Structure, and Membership Requirements Article 6 Access to and Confidentiality of Information
Chapter III Article 7 Structure, Appointment, and Termination of the Audit
Committee
Article 8 Membership Requirements of the Audit Committee
Meeting, Reporting, Work Plan, Budget, Article 9 Audit Committee Meetings
Income, and Audit Committee Service
Period Article 10 Audit Committee Reporting
Chapter IV Article 11 Work Plan and Budget of the Audit Committee
Article 12 Compensation for Audit Committee Members
Article 13 Term of Office
Education, Support Personnel, and Article 14 Enhancement of Professionalism for Audit Committee
Complaints Handling Members and the Use of Support Staff
Chapter V
Article 15 Handling Complaints or Reports of Alleged Violations
Related to Financial Reports
Evaluation and closing Article 16 Evaluation
Chapter VI
Article 17 Closing
Authorities of The Audit Committee
The Audit Committee is granted authority by the Board of Commissioners to:
1. Access all relevant information, including documents, and data information about employees, funds, assets, and
resources of the Company that are required in relation to the duties and functions of the Audit Committee.
2. Communicate directly with employees including the Board of Directors and those who carry out the internal audit,
risk management, and accountants regarding the responsibilities of the Audit Committee.
3. Involve independent parties outside the members of the Audit Committee who are needed to assist them in
carrying out their duties (if needed).
4. Do other authorities assigned by the Board of Commissioners.
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08 Corporate Governance
Term of Office of The Audit Committee Committee must include at least 1 (one) Independent
Commissioner who also serves as the Chair, 1 (one)
The term of office for the Audit Committee members Independent Party with expertise in finance/accounting,
who are not members of the Board of Commissioners is and 1 (one) Independent Party with expertise in legal/
no more than (3) three years and may be extended for 1 banking matters. This composition ensures a diverse
(one) or 2 (two) more years of service, without prejudice and qualified team overseeing financial governance
to the right of the Board of Commissioners to dismiss and compliance matters.
them at any time.
The chairman and members of the Audit Committee
Structure, Membership, and Expertise of The are appointed and dismissed by the Board of
Audit Committee Commissioners. The Chairman of the Audit Committee
is an Independent Commissioner. Audit Committee
The Audit Committee is established by the Board members may come from members of the Board of
of Commissioners, consisting of a chairperson and Commissioners or outside the Company.
members, all of whom must be entirely independent. The
committee comprises a minimum of 3 (three) members, The structure, membership, and expertise of the Audit
including Independent Commissioners from both within Committee are listed in the table below.
and outside the Company. The membership of the Audit
Period of January 1 to March 26, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Iqbal Chairperson Vice President Banking, First 10/03/2021 2025 AGM 06/09/2021 Board of
Latanro concurrently Commissioner/ Compliance, Commissioners
serving as a Independent and Risk Decision Number
member Management 01/KOM/BTN/2021
dated March 31,
2021
Sentot A. Member Independent Statistics, First 02/03/2022 2025 AGM 08/08/2022 Board of
Sentausa Commissioner Business Commissioners
Management, Decision Number
Banking, and Risk 03/KOM/BTN/2022
Management dated March 17,
2022
Bambang Member Independent Accounting, First 13/03/2024 2025 AGM 07/10/2024 Board of
Widjanarko Commissioner Audit, Commissioners
Compliance, DecisionNumber
Islamic Banking, 06/KOM/BTN/2024
and Risk dated March 13,
Management 2024
Endang A. Member Independent Audit, Banking, First 13/03/2023 12/03/2026 - Board of Directors
Suprijatna Party Islamic Banking, Decision Number
and Accounting 167/DIR/2023
dated March 8,
2023
Indra Jaka Member Independent Audit, First 19/11/2024 18/11/2029 - Board of Directors
Aprilyanta Party Investigation, Decision Number
Banking, 1066/DIR/2024
Accounting dated November
19, 2024
Period of March 26 to June 29, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Endang A. Member Independent Audit, Banking, First 13/03/2023 12/03/2026 - Board of Directors
Suprijatna Party Islamic Banking, Decision Number
and Accounting 167/DIR/2023
dated March 8,
2023
748 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Indra Jaka Member Independent Audit, First 19/11/2024 18/11/2029 - Board of Directors
Aprilyanta Party Investigation, Decision Number
Banking, 1066/DIR/2024
Accounting dated November
19, 2024
Period of June 30 to December 31, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Pietra Chairperson Independent Business First 30/06/2025 2030 AGM 15/08/2025 Board of
Machreza concurrently Commissioner Management, Commissioners
Paloh serving as a Risk Decision number
member Management, 03/KOM/BTN/2025
Compliance, dated June 30,
Finance. 2025
Ida Nuryanti Anggota Independent Compliance, First 30/06/2025 2030 AGM 09/10/2025 Board of
Commissioner Banking, Risk Commissioners
Management, Decision number
Legal, People 03/KOM/BTN/2025
Management, dated June 30,
and IT/ 2025
Information
Systems
Panangian Anggota Independent Property, Risk First 30/06/2025 2030 AGM 15/08/2025 Board of
Simanungkalit Commissioner Management, Commissioners
Finance, and Decision number
Macro 03/KOM/BTN/2025
economics dated June 30,
2025
Endang A. Anggota Independent Audit, Banking, First 13/03/2023 12/03/2026 - Board of Directors
Suprijatna Party Islamic Banking, Decision Number
and Accounting 167/DIR/2023
dated March 8,
2023
Indra Jaka Anggota Independent Audit, First 19/11/2024 18/11/2029 - Board of Directors
Aprilyanta Party Investigation, Decision Number
Banking, 1066/DIR/2024
Accounting dated November
19, 2024
His profile can be seen in the Board of
Profile of The Audit Committee Ida Nuryanti Commissioners section.
Member of His term as Chairman and member of
The profile of the Audit Committee as of December 31, the Audit the Audit Committee is from June 30,
Committee/
2025, is as follows. 2025, to the Annual General Meeting
Independent
of Shareholders (AGMS) in 2030 (First
Commissioner
Pietra His profile can be seen in the Board of Period)
Machreza Commissioners section.
Paloh His term as Chairman and member of
Panangian His profile can be seen in the Board of
the Audit Committee is from June 30,
Chairman Simanungkalit Commissioners section.
of the Audit 2025, to the Annual General Meeting
Member of His term as Chairman and member of
Committee/ of Shareholders (AGMS) in 2030 (First
the Audit the Audit Committee is from June 30,
Independent Period)
Committee/ 2025, to the Annual General Meeting
Commissioner
Independent of Shareholders (AGMS) in 2030 (First
Commissioner Period)
2025 Annual Report 749
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08 Corporate Governance
Endang A. Suprijatna
Member of the Audit Committee/ Independent Party
Indonesian Citizen,
Sumedang, January 17, 1967
(58 years old as of December 2025),
Domicilie in Bekasi, Jawa Barat.
Educational Background Legal Basis for Appointment
Decree of the Board of Directors of PT Bank Tabungan Negara
Bachelor of Economics majoring in Accounting, Padjajaran
(Persero) Tbk. Number 167/DIR/2023 dated March 8, 2023
University (1991).
concerning the Determination of Mr. Endang A. Suprijatna as
Member of the Audit Committee..
Certification
• Certification in Audit Committee Practices (CACP) from IKAI. Period of Office
• Chartered Accountant (CA Indonesia) No. 11.D9268.
• Registered Accountant Certification from the Ministry of First term of office March 13, 2023 to March 12, 2026
Finance of the Republic of Indonesia.
• Banking Risk Management Certification Level 6 from the Concurrent Position
Banking Professional Certification Institute (LSPP). No concurrent position
• Qualified Internal Auditor from the Qualified Internal Auditor
Certification Board
Work Experience
• Regional Business Control Head (Head of Internal Audit)
PT Bank Mandiri (Persero) Tbk Region VI West Java, Region
VIII East Java and Region V South Jakarta including Bogor
(2015-January 2023)
• Consumer Loans Business Center Manager Makassar, Palu,
Kendari, Ambon, Samarinda & Bontang Region, Lampung
Region (November 2009-2014)
• Small, Micro & Consumer Credit Audit Team Leader PT Bank
Mandiri (Persero) Tbk (2006 – October 2009)
• Team Leader Audit Distribution (Branch) PT Bank Mandiri
(Persero) Tbk (2005)
• Wholesale Banking Credit Audit Team Leader PT Bank Mandiri
(Persero) Tbk (August 2001 - 2004)
• Senior Auditor General Audit PT Bank Mandiri (Persero) Tbk
(July 1999-2001)
• Auditor of PT Bank Export Import Indonesia (Persero)
(December 1993- 1999)
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PT Bank Tabungan Negara (Persero) Tbk
Indra Jaka Aprilyanta
Member of the Audit Committee/ Independent Party
Indonesian Citizen,
Yogyakarta, April 16, 1968
(57 years old as of December 2025),
Domicilie in Bogor, Jawa Barat.
Educational Background Work Experience
Bachelor of Economics majoring in Accounting, Padjajaran • Investigator Head - Senior Investigator, Internal Audit, PT Bank
University (1991). Mandiri (Persero) Tbk (March 2020 to April 2024)
• Specialist – Investigation, Internal Audit, PT Bank Mandiri
Certification (Persero) Tbk (September 2016 s.d. March 2020)
• Certification in Audit Committee Practices No. Certificate • Senior Credit Risk Manager - Regional Risk Management III
11013/CACP/X/2024 from the Indonesian Audit Committee Jakarta Kota, PT Bank Mandiri (Persero) Tbk (November 2013 –
Association (IKAI), 2024. September 2016)
• Certified Forensic Auditor (CfrA) No. Reg. AUD. 082.0000239.2022 • Credit Risk Manager Authority (Detasering) - Regional Risk
from the Forensic Auditor Professional Certification Institute Management III Jakarta Kota - Commercial Risk, PT Bank
2022. Mandiri (Persero) Tbk (June 2013 – November 2013)
• Computer Hacking Forensic Investigator , Certification • Lead Auditor – Wholesale Banking Audit, Internal Audit, PT
Number ECC4210578693 from EC-Council tahun 2022. Bank Mandiri (Persero) Tbk (December 2010 – May 2013)
• Banking Risk Management Certification level 5, from the Risk • Team Leader - Commercial Banking Audit, Internal Audit, PT
Management Certification Agency in 2025. Bank Mandiri (Persero) Tbk (December 2008 – November
• Chartered Accountant (CA Indonesia) No. 11.D10199 from IAI 2010)
2017. • Team Leader - Corporate Center Audit, Internal Audit, PT Bank
• National Register of Accountants No. RNA 18068 from the Mandiri (Persero) Tbk (May 2006 - November 2008)
Ministry of Finance of the Republic of Indonesia, Secretariat • Team Leader - Distribution Audit, Internal Audit, PT Bank
General, Center for Financial Profession Development, 2017. Mandiri (Persero) Tbk (January 2003 - April 2006)
• Certified Fraud Examiner dari Association of Certified Fraud • Senior Auditor - Distribution Audit, Internal Audit, PT Bank
Examiners (ACFE) 2012. Mandiri (Persero) Tbk (August 1999 - January 2003)
• Qualified Internal Auditor (QIA) No. Reg. 0587/QIA/99 Qualified • Auditor, Supervision Bureau, PT Bank Ekspor Impor Indonesia
Internal Auditor, Certification Board, 1999. (Persero) (December 1993 - July 1999).
• National Register for Accountants No. D-10199 from the Ministry
of Finance of the Republic of Indonesia, 1996.
Legal Basis for Appointment
Boards of Directors Decree PT Bank Tabungan Negara (Persero)
Tbk, Number 1066/ DIR/2024, dated November 19, 2024, regarding
the appointment of Mr. Indra Jaka Aprilyanta as a member of
the Audit Committee.
Period of Office
First term of office: November 19, 2024 – November 18, 2027
Concurrent Position
Tidak memiliki rangkap jabatan
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08 Corporate Governance
The Independency of The Audit Committee
Table of the Audit Committee Independency
Pietra
Iqbal Sentot A. Bambang Ida Panangian Endang A. Indra Jaka
Aspek Independensi Latanro Sentausa Widjanarko
Machreza
Nuryanti Simanungkalit Suprijatna Aprilyanta
Paloh
Having no financial
relationship with the
members of the Board of
Commissioners and the
Board of Directors
Having no managerial
relationship at the
company, its subsidiaries,
and its affiliates
Having no share
ownership relationship in
the Company
Having no familial
relationship with the
Board of Commissioners,
Board of Directors, and/
or fellow members of the
Audit Committee
Not serving as a member
of a political party
management or a
government official
Training and/or Competency Development of The Audit Committee in 2025
Type of Training and Competency
Name Position Time and place Organizer
Development / Training Material
Iqbal Latanro* Chairman Training and/or Competency Development can be seen in the Training and/or Competency
and Development section of the Board of Commissioners.
Member
Pietra Machreza Chairman Training and/or Competency Development can be seen in the Training and/or Competency
Paloh** and Development section of the Board of Commissioners.
Member
Sentot A. Member Training and/or Competency Development can be seen in the Training and/or Competency
Sentausa* Development section of the Board of Commissioners.
Bambang Member Training and/or Competency Development can be seen in the Training and/or Competency
Widjanarko* Development section of the Board of Commissioners.
Ida Nuryanti** Member Training and/or Competency Development can be seen in the Training and/or Competency
Development section of the Board of Commissioners.
Panangian Member Training and/or Competency Development can be seen in the Training and/or Competency
Simanungkalit** Development section of the Board of Commissioners.
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PT Bank Tabungan Negara (Persero) Tbk
Type of Training and Competency
Name Position Time and place Organizer
Development / Training Material
Endang A. Member National Seminar "Banking Industry Readiness in Batam, June Indonesian Risk
Suprijatna Responding to Climate Risk & Cyber Risk Escalation 18–19, 2025 Professional
in 2025" Association (IRPA)
IKAI Seminar "Driving Enterprise Value Through Jakarta, July 24, PT Bank Tabungan
Strategic Risk Oversight: The Critical Role 2025 Negara (Persero)
of Oversight Boards and Internal Audit in Tbk
Strengthening Risk Governance and Portfolio
Management"
IIAA Indonesia National Conference "Audit for Medan, August Institute of Internal
Tomorrow Strategic, Future Ready, Sustainable" 27–28, 2025 Auditors Indonesia
2025
BOC Forum 2025 Lombok, PT Bank Tabungan
September 26–28, Negara (Persero)
2025 Tbk
National Seminar on Internal Audit (SNIA) - Whats Denpasar, Internal Audit
Driving Change to Stay Ahead of the Curve for November 3–4, Education
Internal Auditors in the Coming Years 2025 Foundation (YPIA)
The 9th Indonesia Risk Management Outlook 2026 Jakarta, Indonesian Banking
Seminar with the theme "Navigating Banking November 13, Development
Business Amid Economic Landscape Turmoil" 2025 Institute
Indra Jaka Member Risk Management Certification Training & Test Level Jakarta, February Badan Sertifikasi
Aprilyanta 5 6, 2025 Manajemen Risiko
Risk Management Certification Level 6 Training Jakarta, February Indonesian Banking
6, 2025 Development
Institute
IKAI Seminar "Driving Enterprise Value Through Jakarta, July 24, PT Bank Tabungan
Strategic Risk Oversight: The Critical Role 2025 Negara (Persero)
of Oversight Boards and Internal Audit in Tbk
Strengthening Risk Governance and Portfolio
Management"
IIAA Indonesia National Conference "Audit for August 27-28, Institute of Internal
Tomorrow Strategic, Future Ready, Sustainable" 2025 Auditors Indonesia
2025
BOC Forum 2025 Lombok, PT Bank Tabungan
September 26-28, Negara (Persero)
2025 Tbk
Seminar on Internal Audit (SNIA) - Whats Driving Denpasar, Internal Audit
Change to Stay Ahead of the Curve for Internal November 3-4, Education
Auditors in the Coming Years 2025 Foundation (YPIA)
The 9th Indonesia Risk Management Outlook 2026 Jakarta, Indonesian Banking
Seminar with the theme "Navigating Banking November 13, Development
Business Amid Economic Landscape Turmoil" 2025 Institute
¹) The term of office ended at the 2024 Fiscal Year AGM on March 26, 2025
²) Appointed as Chairman and/or Member of the Audit Committee on June 30, 2025, effective after the determination of the fit and proper test from the
Financial Services Authority..
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08 Corporate Governance
The Audit Committee’s Meeting 6. If consensus deliberation is not reached, the
decisions are taken based on the majority vote.
1. The Audit Committee holds meetings at least as 7. Every Audit Committee meeting must be recorded
frequently as the minimum number of meetings in minutes, signed by all attending members, and
required by the Board of Commissioners, as properly documented in accordance with applicable
stipulated in the Articles of Association and/or at laws and regulations.
least once a month. 8. The minutes as mentioned above shall be submitted
2. The Audit Committee meeting can be conducted in writing by the Audit Committee to the Board of
if attended by the majority of the Audit Committee Commissioners.
members or at least 51% (fifty-one percent) of the 9. Dissenting opinion that occurs in the Audit Committee
total members meeting must be included in the Minutes of Meeting
3. If there is a conflict of interest between the clearly, along with the reasons for disagreements.
audit members about the discussion object, the 10. If an Audit Committee member is unable to attend
committee has to declare that there is a conflict of the meeting physically, they may participate through
interest and he/she does not have the right to vote in face-to-face virtual meetings using information
the decision making. technology.
4. The meeting is chaired by the Head of Audit 11. The attendance of the Audit Committee members
Committee or by the most senior member when the is reported in the quarterly report and the annual
Head of Audit Committee is unable to attend. report of the Audit Committee.
5. Meeting decisions are taken based on consensus
deliberation.
THE AUDIT COMMITTEE MEETING AGENDA
Throughout 2025, the date, meeting agenda, and Audit Committee meeting participants were recorded as follows.
No. Date Meeting Agenda Participant
1 January 3, 2025 Discussion on Information Disclosure (KI) for Affiliate • Iqbal Latanro
Transactions • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
2 January 6, 2025 Response to the Submission of the 2025 Public • Iqbal Latanro
Accounting Firm (KAP) Procurement Auction Process • Sentot A. Sentausa
for PT Bank Tabungan Negara (Persero) Tbk • Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
3 January 9, 2025 Annual Audit Plan 2025 • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
4 January 14, 2025 Results of the Examination and Follow-up of OJK • Iqbal Latanro
Findings • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
5 January 20, 2025 Review of Whistle Blowing System (WBS) • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
6 February 3, 2025 Results of the Audit Board of the Republic of Indonesia • Iqbal Latanro
(BPK-RI) Audit of Revenue and Expense Management • Sentot A. Sentausa
in 2023 • Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
754 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Date Meeting Agenda Participant
7 February 03, 2025 Recommendations for Appointment of Public • Iqbal Latanro
Accounting Firm Services for the 2025 Fiscal Year • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
8 February 05, 2025 Closing Meeting of the Audit of Financial Statements • Iqbal Latanro
for the 2024 Fiscal Year • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
9 February 10, 2025 Review of Published Financial Reports for Quarter IV • Iqbal Latanro
2024 • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
10 February 14, 2025 Discussion on IAD Activity Reports until Quarter IV 2024 • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
11 February 24, 2025 Adjustment of the 2025 RKAP and 2025-2027 RBB • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
12 February 24, 2025 Audit Committee Report for Quarter IV 2024 • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
13 March 3, 2025 Anti-Fraud Strategy and Internal Control Over • Iqbal Latanro
Financial Reporting • Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
14 March 10, 2025 Management Letter for Fiscal Year 2024 • Iqbal Latanro
• Sentot A. Sentausa
• Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
15 March 10, 2025 Evaluation of Public Accounting Firm Services for the • Iqbal Latanro
2024 Fiscal Year and Disclosure of Affiliate Transaction • Sentot A. Sentausa
Information • Bambang Widjanarko
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
16 August 26, 2025 Review of Published Financial Reports for the Second • Pietra Machreza Paloh
Quarter of 2025 • Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
17 September 8, 2025 Progress of Internal Control over Financial Reporting • Pietra Machreza Paloh
Implementation • Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
18 September 18, 2025 Discussion on BPK RI Findings • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
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08 Corporate Governance
No. Date Meeting Agenda Participant
19 September 30, Discussion on Action Plan for the Audit of the Republic • Pietra Machreza Paloh
2025 of Indonesia's Supreme Audit Agency • Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
20 September 30, Control over Dormant Account Activation • Pietra Machreza Paloh
2025 • Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
21 October 08, 2025 Progress of Completion of Principal Credit Documents • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti sebagai pengamat
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
22 October 21, 2025 Review of Published Financial Reports for Quarter III • Pietra Machreza Paloh
2025 • Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
23 October 21, 2025 Discussion on 2026 RKAP Concept • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
24 October 29, 2025 Discussion on the Separation of Sharia Business Units • Pietra Machreza Paloh
and BTN Capital Inclusion in BSN • Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
25 November 05, 2025 Recommendation on the Appointment of Public • Pietra Machreza Paloh
Accounting Firm for Audit Services on BSN Financial • Panangian Simanungkalit
Statements 31 December 2025 • Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
26 November 17, 2025 Discussion on Debtor Restructuring • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
27 November 21, 2025 Discussion on 2026 RKAP Draft Phase 3 and the 2026- • Pietra Machreza Paloh
2028 RBB • Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
28 December 16, 2025 Annual Audit Plan 2026 • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
29 December 17, 2025 Discussion on External Audit Results • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
30 December 22, 2025 Discussion on Information Disclosure (KI) for Affiliate • Pietra Machreza Paloh
Transactions • Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
756 2025 Annual Report
Page 326
PT Bank Tabungan Negara (Persero) Tbk
No. Date Meeting Agenda Participant
31 December 22, 2025 Discussion on RKAP Draft for 2026 Phase 4 (Final) • Pietra Machreza Paloh
• Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
32 December 22, 2025 Preparation of the Audit Committee Work Program for • Pietra Machreza Paloh
2026 • Panangian Simanungkalit
• Ida Nuryanti
• Endang A. Suprijatna
• Indra Jaka Aprilyanta
MEETING FREQUENCY AND ATTENDANCE LEVEL OF THE AUDIT
Throughout 2025, the Audit Committee held 32 (thirty-two) meetings. The frequency and attendance of each Audit
Committee member are as follows.
Table of Audit Committee Meeting Attendance Level
Audit Committee Meetings
Name Position
Number of Number of
Percentage
Meeting Attendance
Iqbal Latanro* Chairperson and concurrent 15 15 100%
member
Pietra Machreza Paloh** Chairperson and concurrent 17 17 100%
member
Sentot A. Sentausa* Member 15 15 100%
Bambang Widjanarko* Member 15 15 100%
Ida Nuryanti** Member 17 17 100%
Panangian Simanungkalit** Member 11 11 100%
Endang A. Suprijatna Member 32 32 100%
Indra Jaka Aprilyanta Member 32 32 100%
¹) The term of office ended at the 2024 Fiscal Year AGM on March 26, 2025
²) Appointed as Chairman and/or Member of the Audit Committee on June 30, 2025, effective after the determination of the fit and proper assessment from
the Financial Services Authority
Audit Committee Work Plan and Implementation of Duties in 2025
No Activities Accomplishment Information
A. AUDIT COMMITTEE ROUTINE ACTIVITIES:
1 Providing input and recommendations for Approval of the Annual Audit Plan Accomplished
to the Board of Commissioners.
2 Monthly monitoring and evaluation of the implementation of Internal Audit Accomplished
tasks & follow-up
3 Attending the Internal Audit Exit Meeting Accomplished
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08 Corporate Governance
No Activities Accomplishment Information
4 Monitoring and evaluating the implementation of audits by External Auditors Accomplished
(OJK, BI, BPK, Audit Firms, etc.), including follow-up on audit results.
5 Monitoring and evaluation of the implementation of internal control policies Accomplished
and procedures in the Bank's financial reporting process;
6 Monitoring and evaluation of the conformity of Financial Reports with Accomplished
financial accounting standards and the provisions of the Financial Services
Authority regarding the recording of financial transactions including
Quarterly Published Financial Reports
7 Providing recommendations on the appointment of Public Accountants Accomplished
to the Board of Commissioners for decision in the General Shareholders'
Meeting.
8 Conveying recommendations on the appointment of Public Accountants to Accomplished
the Board of Commissioners to be submitted to the Ministry of State-Owned
Enterprises in the context of the General Shareholders' Meeting agenda.
9 Memantau laporan penunjukan Kantor Akuntan Publik (KAP) sesuai Rapat Accomplished
Umum Pemegang Saham kepada OJK
10 Monitoring of audit progress by Public Accounting Firm (KAP) Accomplished
11 Monitoring reports on the appointment of Public Accounting Firms according Accomplished
to the General Shareholders' Meeting to the OJK.
12 Evaluating the implementation of Financial Information Audit Services by the Accomplished
Public Accounting Firm for submission to KBUMN
13 Recommending the procurement and appointment of Rating Companies for Accomplished
assessing SOE’s Soundness Level
14 Reviewing, evaluating, and providing input to the Board of Commissioners Accomplished
regarding the monthly performance review material presented by the Board
of Directors
15 Compiling quarterly and annual reports on the activities of the Audit Accomplished
Committee to the Board of Commissioners
16 Preparing the Board of Commissioners' Supervision Report on RBB Realization Accomplished
(Semi-Annual) for submission to the OJK (Audit Committee section)
17 Preparing the Board of Commissioners' Response to Corporate Performance Accomplished
(Quarterly) for submission to the Minister of SOEs (Audit Committee section)
18 Preparing the Payment System Report for Bank Indonesia (Audit Committee Accomplished
section)
19 Assessment of the completion of the Self-Assessment GCG Half-Yearly Accomplished
Working Papers by the Audit Committee & Board of Commissioners.
20 Compiling the Annual Report related to the Audit Committee and Board of Accomplished
Commissioners.
21 Preparing the AGMS scenario (Audit Committee section)
B. INCIDENTAL ACTIVITIES OF THE AUDIT COMMITTEE
1 Providing independent opinions in the event of differences of opinion Not yet There is no
between Management and Public Accountants regarding the services accomplished difference
provided of opinion yet
2 Reviewing complaints related to the bank's accounting and financial Not yet There have been
reporting processes accomplished no complaints yet
3 Accompanying members of the Board of Commissioners on working visits to Accomplished
bank work units as assigned by the Board of Commissioners
4 Participating in training, seminars, workshops as assigned by the Board Accomplished
of Commissioners for Competency Development related to Duties and
Responsibilities
5 Providing recommendations to the Board of Commissioners and guidance Accomplished
to work units in line with the Audit Committee’s duties and responsibilities as
per its charter
758 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No Activities Accomplishment Information
C. OTHERS
1 Audit Committee Meetings Accomplished
2 Providing input on the RKAP and RBB concepts prepared by Management Accomplished
Audit Committee Statement on the Effectiveness of Internal Control System
The internal control system implemented by BTN has generally been running well. Management continues
to strive to improve the implementation of the internal control system by referring to internal
and external audit reports.
Remuneration and Nomination Committee
Remuneration and Nomination Committee is formed 6. OJK Circular Letter No. 40/SEOJK.03/2016 dated
by and is responsible to the Board of Commissioners, September 26, 2016, regarding the Implementation
whose task is to assist the Board of Commissioners of Governance in Providing Remuneration for
in carrying out their duties. The Remuneration and Commercial Banks.
Nomination Committee is one of the corporate organs, 7. Financial Services Authority Regulation No. 59/
working together with the Human Capital Division and POJK.03/2017 dated December 18, 2017, regarding
Learning Center Division as a tool owned by the Board of the Implementation of Governance in Providing
Directors for raising human capital as strategic assets Remuneration for Sharia Commercial Banks and
and strategic partners, analyzing policies, monitoring the Sharia Business Units.
implementation of preparing prospective leaders that 8. Financial Services Authority Regulation No. 41/
will be a role model, and providing meticulous attention POJK.03/2019 dated December 26, 2019, on Mergers,
to the implementation of good corporate governance, Consolidations, Acquisitions, Integrations, and
including policies and the amount of remuneration. Conversions of Commercial Banks.
9. Financial Services Authority Regulation No. 4242/
Legal Basis for Establishing The Remuneration POJK.04/2020 dated July 1, 2020, on Affiliated
and Nomination Committee Transactions and Conflict of Interest Transactions;
10. Financial Services Authority Regulation No. 8 of
The Company establishes the Nomination and 2023 dated June 14, 2023, on the Implementation
Remuneration Committee in accordance with the of AntiMoney Laundering, Prevention of Terrorism
following Regulations, Provisions and Legislation: Financing, and Prevention of Proliferation Financing
1. Bank Indonesia Circular Letter No. 11/28/DPbS dated of Weapons of Mass Destruction in the Financial
October 5, 2009, concerning Sharia Business Units, as Services Sector.
amended by Bank Indonesia Circular Letter No. 15/51/ 11. Financial Services Authority Regulation No. 17 of
DPbS dated December 30, 2013. 2023 dated September 14, 2023 concerning the
2. Bank Indonesia Regulation No. 11/33/PBI/2009 dated Implementation of Governance for Commercial
December 7, 2009, concerning the Implementation of Banks.
Good Corporate Governance for Sharia Commercial 12. Financial Services Authority Regulation No. 2 of 2024
Banks and Sharia Business Units. dated February 16, 2024, on the Implementation of
3. Financial Services Authority Regulation No. 33/ Sharia Governance for Sharia Commercial Banks
POJK.04/2014 dated December 1, 2014, regarding the and Sharia Business Units.
Board of Directors and Board of Commissioners of 13. Financial Services Authority Circular Letter No.
Issuers or Public Companies. 39/SEOJK.03/2016 dated September 13, 2016, on
4. Financial Services Authority Regulation No. 34/ Fit and Proper Test for Candidates of Controlling
POJK.04/2014 dated December 8, 2014, regarding the Shareholders, Candidates of the Board of Directors,
Nomination and Remuneration Committee of Issuers and Candidates of the Board of Commissioners.
or Public Companies. 14. Decree of the Minister of State-Owned Enterprises
5. Financial Services Authority Regulation No. 45/ No. PER-1/ MBU/03/2023 dated March 24, 2023,
POJK.03/2015 dated December 23, 2015, regarding regarding Special Assignments and Corporate
the Implementation of Governance in Providing Social and Environmental Responsibility Programs of
Remuneration for Commercial Banks. State-Owned Enterprises.
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08 Corporate Governance
15. Decree of the Minister of State-Owned Enterprises - The relevance of remuneration applied
No. PER-2/MBU/03/2023 dated March 24, 2023, to industries to the Company’s business
regarding Guidelines for Governance and Significant activities and business scale.
Corporate Activities of State-Owned Enterprises. - Duty, responsibility, and authority of
16. Decree of the Minister of State-Owned Enterprises members of the Board of Directors and/
No. PER-3/MBU/03/2023 dated March 24, 2023, or Board of Commissionaires associated
regarding the Organization and Human Resources with the Company’s goal achievement and
of State-Owned Enterprises. performance.
17. Articles of Association of PT Bank Tabungan Negara - The target of performance or the performance
(Persero) Tbk. of each member of the Board of Directors
18. Joint Agreement Letter of the Board of Commissioners and/or Board of Commissionaires.
of PT Bank Tabungan Negara (Persero) Tbk No. 01/ - Balance between the fixed and the variable
SKB/KOM/BTN/2024 and the Board of Directors No. allowance.
SKB-01/DIR-BTN/2024 on Guidelines for the Working f. The Committee evaluates remuneration-related
Relationship between the Board of Commissioners policy which is based on performance, risk,
and the Board of Directors. fairness with peer groups, target, Company’s
19. Board of Commissioners Decree No. 18/KOM/ long-term strategy, reserve fulfillment as
BTN/2024 dated December 18, 2024, on Guidelines and regulated in the constitution, and the Company’s
Rules of Procedure for the Board of Commissioners. future income potentia.
20. Board of Commissioners Decree No. 20/KOM/ g. The Committee delivers the result of the
BTN/2024 dated December 18, 2024, on Guidelines evaluation and recommendation to the Board of
and Rules of Procedure for the Remuneration and Commissionaires regarding:
Nomination Committee. − Remuneration policy for the Board of
Directors, Board of Commissionaires, and
Duties and Responsibilities of Remuneration and Sharia Supervisory Board to be delivered in
Nomination Committee the General Meeting of Shareholders (GMS).
− Overall remuneration for employees to be
In accomplishing its main duties, the Committee is submitted to the Board of Directors.
responsible to the Board of Commissioners for the h. The Committee carries out regular evaluation
following detailed responsibilities: for at least once a year regarding the structure,
1. The duties of the Committee regarding remuneration policy, and rate of remuneration.
are: i. The Committee formulates and evaluates the
a. The Committee provides recommendation to the payroll and allowance system of the members
Board of Commissioners related to: of Board of Commissionaires, and provides
- Structure of remuneration. recommendation related to:
- Policy regarding remuneration. − Assessment of the system;
- Rate of remuneration. − Available options, one of which is stock option;
b. The Committee assists the Board of − Retirement System, Pension; and
Commissionaires to assess the appropriateness − Compensation System and other benefits of
between working performance and remuneration employee reduction.
received by each member of Board of Directors j. The Committee accomplishes other remuneration-
and/or Board of Commissionaires. related duties from the Board of Commissioners.
c. In completing the remuneration-related duties, it 2. The duties of the Committee regarding Nomination are:
is obliged for the Committee to do the following a. The Committee provides recommendation to the
procedure: Board of Commissioners regarding the following
- Formulating the structure, policy, and rate of matters:
remuneration for members of Board of Directors − Nomination of Director candidates referring
and/or Board of Commissionaires; and to the Company’s strategy;
- Formulating structure, policy, and − Composition of members of the Board of
remuneration for members of Sharia Directors and/or Board of Commissioners;
Supervisory Board (DPS). − Required policy and criteria for Nomination
d. The said remuneration structure may be in the process;
form of fixed and/or variable salary, honorarium, − Performance evaluation policy for members
incentive, or allowance. of the Board of Directors and/or Board of
e. The drafting of structure, policy, and rate of Commissioners; and
remuneration has to consider the following − Proposal for appointment and/or replacement
aspects: of members of Sharia Supervisory Board to be
submitted in the GMS.
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PT Bank Tabungan Negara (Persero) Tbk
b. The Committee assists the Board of • Ensuring that the Board of Commissioners,
Commissioners to conduct performance Board of Directors, and Executive Officers are
assessment of members of the Board of Directors not engaged in activities/actions prohibited
and/or Board of Commissioners by referring to by applicable regulations
the valid parameters as an evaluation material. j. Conducting early detection of abuse of authority
c. The Committee offers recommendation to the through crime/misuse of authority detection
Board of Commissioners concerning competency reports using the Whistle Blowing System (WBS)
development program for members of the Board mechanism involving the Board of Commissioners,
of Directors and/or Board of Commissioners. Board of Directors, and Executive Officers.
d. The Committee recommends proposed k. Providing reports on the identification and
candidates who are eligible to be appointed as monitoring results of the profiles of the Board of
members of the Board of Directors and/or Board Commissioners, Board of Directors, and Executive
of Commissioners to the Board of Commissioners Officers to the President Commissioner.
to be submitted in the GMS. l. Providing recommendations to the Board of
e. In accomplishing its Nomination function, the Commissioners regarding Independent Parties
Committee is obliged to complete the following who will become members of the audit committee
procedures: as referred to in OJK Regulation No. 17 of 2023
− Formulating the composition and process dated September 14, 2023, on the Implementation
of nomination for members of the Board of of Governance for Commercial Banks, Article 64,
Directors and/or Board of Commissioners. Paragraph (1) Letter b, as well as members of the
− Formulating necessary policy and criteria for risk monitoring committee as referred to in Article
the Nomination process of the candidates 65, Paragraph (1) Letters b and c.
of the Board of Directors and/or Board of m. Reviewing the management system of the
Commissioners. Human Resources Work Unit and human resource
− Assisting the evaluation of the performance development policies, covering recruitment,
of members of the Board of Directors and/or assessment, competency enhancement,
Board of Commissioners. evaluation, promotion, demotion, termination,
− Formulating competency development succession, selection, and other related aspects.
program for members of the Board of n. Carrying out other tasks assigned by the Board
Directors and/or Board of Commissioners. of Commissioners related to Nomination duties
− Reviewing and proposing qualified member in accordance with applicable regulations and
candidates of the Board of Directors and/ aligned with Shareholders’ Aspirations.
or Board of Commissioners to the Board of o. The members of the Committee are obliged
Commissioners to be submitted in the GMS. to sign integrity pact containing statement
f. The Committee formulates, implements, and and commitment to comply with all statutory
analyzes criteria and procedure of nomination provisions and principles of good corporate
for the candidates of Sharia Supervisory Board. governance).
g. Developing a system and mechanism for
assessing the performance of the Board of Remuneration and Nomination Committee
Commissioners, Board of Directors, and Sharia Charter
Supervisory Board.
h. Monitoring and analyzing criteria and nomination In carrying out its duties and responsibilities, the
procedures for other executives up to one level Remuneration and Nomination Committee refers to the
below the Board of Directors. Guidelines and Code of Conduct of the Remuneration
i. Conducting identification and monitoring of the and Nomination Committee based on the Board of
profiles of the Board of Commissioners, Board Commissioners Decree No. 20/KOM/BTN/2024 dated
of Directors, and Executive Officers, particularly December 18, 2024, concerning the Guidelines and
those who have been and will be included in the Code of Conduct of the Remuneration and Nomination
nominated talent pool, through: Committee of PT Bank Tabungan Negara (Persero)
• Researching via the internet and/or print Tbk. Remuneration and Nomination Committee Work
media, including social media monitoring. Guidelines and Rules aims to allow the Committee
• Verifying the State Officials’ Wealth Report to work optimally and to ensure that the provisions
(LHKPN). recommendation for the remuneration and nomination
• Ensuring that the Board of Commissioners, of members of the Board of Commissioners, Board of
Board of Directors, and Executive Officers do Directors, Executives, Employees, and Human Capital
not have non-performing loans or financial policy is in accordance with the principles of Good
issues or have been declared bankrupt. Corporate Governance.
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08 Corporate Governance
The Content of the Charter of Remuneration and Nomination Committee is as follows:
General Provision Article 1 Definition
Chapter I
Article 2 Purpose of Committee Formation
Duty, Responsibility, and Authority of the Committee Article 3 Committee Duties
Chapter II Article 4 Responsibilities
Article 5 Authority
Structure and Membership Article 6 Composition and Structure
Chapter III Article 7 Membership Requirements
Article 8 Term of Office
Work Mechanism and Relationship Article 9 Work Mechanism
Chapter IV Article 10 Working Relationships
Article 11 Supporting Staff
Work Plan and Implementation Article 12 Work Plan and Budgeting
Article 13 Committee Meetings
Chapter V
Article 14 Reporting
Article 15 Performance Evaluation
Competency and Income Development Article 16 Competency Development
Chapter VI
Article 17 Committee Member Compensation
Chapter VII Closing Article 18 Closing
Authority of The Remuneration and Nomination Term of Office of The Remuneration and
Committee Nomination Committee
The Committee holds the following authorities granted 1. The term of office of the Committee members who holds
by the Board of Commissioners: concurrent position in the Board of Commissioners
1. Reviewing, examining, analyzing, and giving opinions shall end accordingly once their position as member
and recommendations within the coverage of their of the Board of Commissioners ends;
duty. 2. The term of office of the Committee members
2. Requesting the Company to survey and/or do who is not a concurrent member of the Board of
benchmarking according to the needs of the Commissioners is 3 (three) years at the maximum
Committee. and is extendable for once within 2 (two) terms of
3. Requesting, researching, and obtaining necessary office provided that the Board of Commissioners
information from the Bank’s internal and external is still entitled to dismiss the respected Committee
parties. members at any time;
4. Seeking and obtaining various information including 3. If a concurrent member of the Board of
necessary documents from: Commissioners holding a position as the chairman
a. Bank BTN (including Bank employees); and/or of the Committee releases his status as a member
b. Other relevant parties. of the Board of Commissioners, the position of the
5. Being provided with inputs and/or suggestions from Committee chairman must be replaced by another
the Bank BTN’s external parties in relation to their member of the Board of Commissioners within 30
duties. (thirty) days at maximum.
6. Performing direct communication with relevant 4. Replacement of Remuneration and Nomination
parties related the committee’s duties. Committee members who are not from the Board
of Commissioners must be conducted within
a maximum period of sixty (60) days after the
concerned Committee member is no longer able to
perform their function.
762 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Structure, Membership, and Expertise of The Members of the Remuneration and Nomination
Remuneration and Nomination Committee Committee are appointed by the Board of Directors by
referring to the decision made in the meeting of the Board
The composition of Remuneration and Nomination of Commissioners. The Executives or representatives
Committee should at least have 1 (one) Independent of the Remuneration Committee members must be
Commissioner, 1 (one) Commissioner, and 1 (one) knowledgeable about the Company remuneration
Executive who supervises human resources or 1 (one) system, nomination system, and succession plan.
employee representative. The Committee is led by the
Independent Commissioner. Members of the Committee are appointed and
dismissed based on the decision made in the meeting
If the Remuneration and Nomination Committee has of the Board of Commissioners. The decision has to be
more than 3 (three) personnel, there should be at least followed-up by the Board of Directors by issuing letter
2 (two) Independent Commissioners. When necessary, of appointment/ dismissal. The respected decision shall
the Remuneration and Nomination Committee may be documented. The chairman of the Committee can
appoint independent members from an outside Bank only hold concurrent positions as the chairman of the
BTN. committee for 1 (one) other Committee at the maximum.
Period of 1 January to 26 March, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appoinment
Starting End
Chandra M. Chairman President Law, Finance, Risk Second 06/03/2024 2025 AGM 04/05/2020 Board of
Hamzah and Commissioner/ Management, Commissioners
Member Independent and People Decision number
Management 03/KOM/BTN/2024
dated March 6,
2024
Iqbal Member Vice President Banking, First 10/03/2021 2025 AGM 06/09/2021 Board of
Latanro Commissioner/ Compliance, Risk Commissioners
Independent Management Decision Number
and People 03/KOM/BTN/
Management IV/2021 dated April
1, 2021
Armand B. Member Independent Banking, Risk Second 06/03/2024 2025 AGM 14/05/2020 Board of
Arief Commissioner Management, Commissioners
Business Decision number
Management 03/KOM/BTN/2024
and People dated March 6,
Management 2024
Sentot A. Member Independent Banking, First 02/03/2022 2025 AGM 08/08/2022 Board of
Sentausa Commissioner Compliance, and Commissioners
Risk Management Decision Number
02/KOM/BTN/2022
dated March 17,
2022
Andin Member Commissioner Banking, Risk Second 06/03/2024 2025 AGM 10/07/2020 Board of
Hadiyanto Management, Commissioners
and Business Decision number
Management 03/KOM/BTN/2024
dated March 6,
2024
Herry Member Commissioner Accounting, First 02/03/2022 2025 AGM 11/10/2022 Board of
Trisaputra Auditing, Commissioners
Zuna Islamic Banking, Decision Number
and Business 02/KOM/BTN/2022
Management dated March 17,
2022
2025 Annual Report 763
Page 333
08 Corporate Governance
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appoinment
Starting End
Himawan Member Commissioner Banking, First 02/03/2022 2025 AGM 03/10/2022 Board of
Arief Compliance, Risk Commissioners
Sugoto Management Decision Number
and Business 02/KOM/BTN/2022
Administration dated March 17,
2022
Adi Member Independent Macroeconomics, First 06/03/2024 2025 AGM 07/10/2024 Keputusan Dewan
Sulistyowati Commissioner Risk Komisaris nomor
Management, 05/KOM/BTN/2024
and Business tanggal 13 Maret
Administration 2024
Bambang Member Independent Management First 13/03/2024 2025 AGM 07/10/2024 Board of
Widjanarko Commissioner and Business, Risk Commissioners
Management, Decision number
Finance, Agrarian 05/KOM/BTN/2024
and Spatial dated March 13,
Planning 2024
Moch. Amin Member Independent Human Capital, Second 07/11/2024 06/11/2026 - Board of Directors
Nurdin Party Finance, and Decision Number
Corporate 1065/DIR/2024
Relations dated November
19, 2024
Rahmayati Member (Ex Executive Human Capital, Second 17/03/2025 16/03/2027 - Board of
Officio) Officer in Finance, and Commissioners
charge of HR Corporate Decision number
Relations 02/KOM/BTN/2025
dated March 17,
2025
Period of March 26 to June 29, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Moch. Amin Member Independent Human Capital, Second 07/11/2024 06/11/2026 - Board of Directors
Nurdin Party Finance, dan Decision Number
Corporate 1065/DIR/2024
Relation dated
Rahmayati Member (Ex Executive Human Capital, Second 17/03/2025 16/03/2027 - Board of
Officio) Officer in Finance, dan Commissioners
charge of HR Corporate Decision number
Relation 02/KOM/BTN/2025
dated March 17,
2025
Period of June 30, to August 21, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Ida Nuryanti Chairman Independent Compliance, First 30/06/2025 2030 AGM in the PKK Board of
concurrently Commissioner* Banking, Risk Process Commissioners
Member Management, Decision number
Legal, People 05/KOM/BTN/2025
Management, dated June 30,
and IT/ 2025
Information
Systems
Suryo Utomo Member President Accounting, First 30/06/2025 2030 AGM 26/06/2025 Board of
Commissione Law, Taxation, Commissioners
Finance, and Decision number
IT/Information 05/KOM/BTN/2025
Systems dated June 30,
2025
764 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Dwi Ary Member Vice President Risk First 30/06/2025 2030 AGM 26/06/2025 Board of
Purnomo Commissioner Management, Commissioners
Corporate Decision number
Governance, 05/KOM/BTN/2025
Accounting, and dated June 30,
Law 2025
Fahri Hamzah Member Commissioner* Macroeconomics, First 30/06/2025 2030 AGM Dalam Keputusan Dewan
Housing & proses PKK Komisaris nomor
Settlement 05/KOM/BTN/2025
Policy, and Risk tanggal 30 Juni
Management 2025
Panangian Member Independent Property, Risk First 30/06/2025 2030 AGM 15/08/2025 Board of
Simanungkalit Commissioner Management, Commissioners
Finance, and Decision number
Macroeconomics 05/KOM/BTN/2025
dated June 30,
2025
Pietra Member Independent Business First 30/06/2025 2030 AGM 15/08/2025 Board of
Machreza Commissioner Management, Commissioners
Paloh Risk Decision number
Management, 05/KOM/BTN/2025
Compliance, dated June 30,
Finance 2025
Moch. Amin Member Independent Human Capital, Second 07/11/2024 06/11/2026 - Board of Directors
Nurdin** Party Finance, dan Decision Number
Corporate 1065/DIR/2024
Relation dated November
19, 2024
Rahmayati Member (Ex Executive Human Capital, Second 17/03/2025 16/03/2027 - Board of
Officio) Officer in Finance, dan Commissioners
charge of HR Corporate Decision number
Relation 02/KOM/BTN/2025
dated March 17,
2025
*) in the process of Fit and Proper Test by the OJK
**) Served as a member of the Remuneration and Nomination Committee from an Independent Party until August 22, 2025
Period of August 22 to September 25 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Ida Nuryanti Chairman Independent Compliance, First 30/06/2025 2030 AGM In the PKK Board of
concurrently Commissioner* Banking, Risk process Commissioners
Member Management, Decision number
Legal, People 05/KOM/BTN/2025
Management, dated June 30,
and IT/Information 2025
Systems
Suryo Utomo Member President Accounting, Law, First 30/06/2025 2030 AGM 26/06/2025 Board of
Commissioner Taxation, Finance, Commissioners
and IT/Information Decision number
Systems 05/KOM/BTN/2025
dated June 30,
2025
Dwi Ary Member Vice President Risk Management, First 30/06/2025 2030 AGM 26/06/2025 Board of
Purnomo Commissioner Corporate Commissioners
Governance, Decision number
Accounting, and 05/KOM/BTN/2025
Law dated June 30,
2025
2025 Annual Report 765
Page 335
08 Corporate Governance
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Fahri Hamzah Member Commissioner* Macroeconomics, First 30/06/2025 2030 AGM Dalam Board of
Housing & proses PKK Commissioners
Settlement Decision number
Policy, and Risk 05/KOM/BTN/2025
Management dated June 30,
2025
Panangian Member Independent Property, Risk First 30/06/2025 2030 AGM Dalam Board of
Simanungkalit Commissioner Management, proses PKK Commissioners
Finance, and Decision number
Macroeconomics 05/KOM/BTN/2025
dated June 30,
2025
Pietra Member Independent Business First 30/06/2025 2030 AGM 15/08/2025 Board of
Machreza Commissioner Management, Risk Commissioners
Paloh Management, Decision number
Compliance, 05/KOM/BTN/2025
Finance dated June 30,
2025
Rahmayati Member Executive Human Capital, Second 17/03/2025 16/03/2027 - Board of
(Ex Officio) Officer in Finance, dan Commissioners
charge of HR Corporate Relation Decision number
02/KOM/BTN/2025
dated March 17,
2025
*) in the Fit and Proper Test process by the OJK
Period of September 26 to. December 31, 2025
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Ida Nuryanti Chairman Independent Compliance, First 30/06/2025 2030 AGM 09/10/2025 Board of
concurrently Commissioner Banking, Risk Commissioners
Member Management, Decision number
Legal, People 05/KOM/BTN/2025
Management, dated June 30,
and IT/Information 2025
Systems
Suryo Utomo Member President Accounting, Law, First 30/06/2025 2030 AGM 26/06/2025 Board of
Commissioner Taxation, Finance, Commissioners
and IT/Information Decision number
Systems 05/KOM/BTN/2025
dated June 30,
2025
Dwi Ary Member Vice President Risk Management, First 30/06/2025 2030 AGM 26/06/2025 Board of
Purnomo Commissioner Corporate Commissioners
Governance, Decision number
Accounting, and 05/KOM/BTN/2025
Law dated June 30,
2025
Fahri Hamzah Member Commissioner Macroeconomics, First 30/06/2025 2030 AGM 17/12/2025 Board of
Housing & Commissioners
Settlement Decision number
Policy, and Risk 05/KOM/BTN/2025
Management dated June 30,
2025
Panangian Member Independent Property, Risk First 30/06/2025 2030 AGM 15/08/2025 Board of
Simanungkalit Commissioner Management, Commissioners
Finance, and Decision number
Macroeconomics 05/KOM/BTN/2025
dated June 30,
2025
766 2025 Annual Report
Page 336
PT Bank Tabungan Negara (Persero) Tbk
Term of Office
Basis of
Name Position Information Expertise Period Effective
Appointment
Starting End
Pietra Member Independent Business First 30/06/2025 2030 AGM 15/08/2025 Board of
Machreza Commissioner Management, Risk Commissioners
Paloh Management, Decision number
Compliance, 05/KOM/BTN/2025
Finance dated June 30,
2025
Nurhayati Member Independent Human Resources, First 26/09/2024 25/09/2028 - • Board of
Saadah Party Management, Commissioners
Macroeconomics, Decision
and Banking number 10/KOM/
Regulation BTN/2025 dated
September 3,
2025
• Board of
Directors
Decision
Number 1696/
DIR/2025 dated
September 22,
2025
Rahmayati Member (Ex Executive Human Capital, Second 17/03/2025 16/03/2027 - Board of
Officio) Officer Finance, dan Commissioners
overseeing Corporate Decision number
Human Relation 02/KOM/BTN/2025
Resources dated March 17,
2025
PROFILE OF THE REMUNERATION AND NOMINATION COMMITTEE
The profile of the Remuneration and Nomination Committee as of December 31, 2025 is as follows.
Ida Nuryanti Her profile can be seen in the Board of Panangian His profile can be seen in the Board of
Commissioners section. Simanungkalit Commissioners section.
Chairman of the
Remuneration His term as Chairman and member of Member of the His term as Chairman and member of
and Nomination the Audit Committee is from June 30, Remuneration the Audit Committee is from June 30,
Committee / 2025, to the Annual General Meeting and Nomination 2025, to the Annual General Meeting
Independent of Shareholders (AGMS) in 2030 (First Committee / of Shareholders (AGMS) in 2030 (First
Commissioner Period) Independent Period)
Commissioner
His profile can be seen in the Board of
Suryo Utomo Pietra His profile can be seen in the Board of
Commissioners section.
Member of the Commissioners section.
Machreza
Remuneration His term as Chairman and member of
and Nomination the Audit Committee is from June 30,
Paloh His term as Chairman and member of
Committee Member of the the Audit Committee is from June 30,
2025, to the Annual General Meeting
/ President Remuneration 2025, to the Annual General Meeting
of Shareholders (AGMS) in 2030 (First
Commissioner and Nomination of Shareholders (AGMS) in 2030 (First
Period) Committee / Period)
Independent
His profile can be seen in the Board of Commissioner
Dwi Ary
Purnomo Commissioners section.
Member of the His term as Chairman and member of
Remuneration the Audit Committee is from June 30,
and Nomination 2025, to the Annual General Meeting
Committee / of Shareholders (AGMS) in 2030 (First
Vice President Period)
Commissioner
His profile can be seen in the Board of
Fahri Hamzah Commissioners section.
Member of the
His term as Chairman and member of
Remuneration
the Audit Committee is from June 30,
and Nomination
Committee / 2025, to the Annual General Meeting
Commissioner of Shareholders (AGMS) in 2030 (First
Period)
2025 Annual Report 767
Page 337
08 Corporate Governance
Nurhayati Saadah
Remuneration and Nomination Committee Member/Independent Party
Indonesian Citizen,
Magelang, June 16, 1966
(59 years old as of December 2025),
Domicilie in Jakarta Timur, DKI Jakarta.
Educational Background Basis of Appointment
• Bachelor (S1) of Socioeconomics, Gadjah Mada University, • Board of Commissioners Decision Number 10/KOM/BTN/2025
Yogyakarta (1991). dated September 3, 2025
• Board of Directors Decision Number 1696/DIR/2025 dated
• Master (S2) of Management, PPM Graduate School of
September 22, 2025
Management, Jakarta (2005).
Certification Period of Office
• Human Resources Manager Certification, 2025 First Period with Term of Office: September 26, 2025 to September
• Project & Resource Management Certification, 2025 25, 2028
• Advanced Level Banking Supervision Certification, 2016
• Internal Audit Certification, 2013
Work Experience
• Member of the Non-Supervisory Committee for Human
Resources & Strategic Management, BPJS Ketenagakerjaan
(2024 – 2025)
• Head of the Human Resources Division and Member of the HR
Committee, Information Systems Department, Bank Indonesia
(2016 – 2023)
• Head of the Internal Management & Information Division,
Inclusive Finance & MSMEs Department, Bank Indonesia (2007
– 2016)
• Head of the Credit Management Division, BPR Credit and
Supervision Department, Bank Indonesia (1999 – 2015)
• Analyst in the Credit Department, Bank Indonesia (1993 – 1998)
• Officer, Bank Muamalat Indonesia (1992)
768 2025 Annual Report
Page 338
PT Bank Tabungan Negara (Persero) Tbk
Rahmayati
Member of the Remuneration and Nomination Committee (Ex-Officio)
Indonesian Citizen,
Ujung Pandang, July 13, 1973
(52 Years old as of December 2025),
Domicilie in Jakarta Timur, DKI Jakarta.
Educational Background Basis of Appointment
• Bachelor’s Degree (S1) Civil Engineering, Hasanuddin University • Board of Commissioners Decision Number 02/KOM/BTN/2022
• Master’s Degree (S2) in Busines management, The Australian dated March 17, 2022
National • Board of Commissioners Decision number 02/KOM/BTN/2025
dated March 17, 2025.
Certification
• Banking Risk Management Certification Level 5 Executive Period of Office
Officer Batch 1 (2025)
• First Period with Term of Office: March 17, 2022 - March 16, 2025
• Certified Human Resources Manager (2023)
• Second Period with Term of Office: March 17, 2025 - March 16,
• Refresher for Risk Management Certification Level 3 (2022)
2027
• Basic Knowledge Certification in Pension Fund (2022)
• PSAK 24 Training (2022)
• Treasury Level Basic Certification (2021))
Concurrent Position
• Treasury Level Basic Certification (2021)
• 4DX : Managers Implementation (2020) Human Capital Management Division Head, Human Capital
• Certified Professional Human Resource (2019) Management Division, October 1, 2022 - present.
Work Experience
• Human Capital Management Division Head, Human Capital
Management − Human Capital Management Division Head,
Human Capital Management Division (October 1, 2022 –
present)
• Acting Human Capital Management Division Head, Human
Capital Management Division (February 14, 2022 – September
30, 2022)
• Sharia Funding & Treasury Deputy, Sharia Business Division
(December 1, 2021 – February 13, 2022)
• Sharia Business Deputy, Sharia Business Division (April 1, 2021 –
November 30, 2021)
2025 Annual Report 769
Page 339
08 Corporate Governance
Independency of The Remuneration and Nomination Committee
Table of Independence of the Remuneration and Nomination Committee
Chandra M. Iqbal Armand Sentot A. Adi Bambang Andin
Aspect of Independency Hamzah¹ Latanro¹ B. Arief¹ Sentausa¹ Sulistyowati¹ Widjanarko¹ Hadiyanto¹
Not having financial association
with the Board of Commissioners
and Directors
Not having management
association in the company,
subsidiary company, or affiliated
company
Not having association of share
ownership more than or equal to
5% (fivepercent) in the Company
Not having familial relationship
with the Board of Commissioners,
Directors, and/or fellow members
of the Risk Monitoring Committee
Not serving as administrators of
political parties, public officials
and government
1
Ceased from duty as of the closing of the Annual General Meeting of Shareholders for the 2024 Fiscal Year on March 26, 2025
2
Appointed at the Annual GMS for the 2024 Fiscal Year on March 26, 2025.
3
Served as a member of the Remuneration and Nomination Committee from an Independent Party until August 21, 2025
4
served as a member of the Remuneration and Nomination Committee from an Independent Party since September 26, 2025
Training and/or Competency Development of The Remuneration and Nomination Committee In 2025
Types of Training and Development Time and place
Name Position Organizer
Materials Competency / Training Implementation
Chandra M. Chairman and Education and/or Competence Enhancement are reflected in the Education and/or
Hamzah* concurrent Competence Enhancement section of the Board of Commissioners
member
Ida Nuryanti** Chairman and Education and/or Competence Enhancement are reflected in the Education and/or
concurrent Competence Enhancement section of the Board of Commissioners
member
Iqbal Latanro* member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
Armand B. Arief* member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
Sentot A. member Education and/or Competence Enhancement are reflected in the Education and/or
Sentausa* Competence Enhancement section of the Board of Commissioners
Adi Sulistyowati* member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
Bambang member Education and/or Competence Enhancement are reflected in the Education and/or
Widjanarko* Competence Enhancement section of the Board of Commissioners
Andin Hadiyanto* member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
Herry Trisaputra member Education and/or Competence Enhancement are reflected in the Education and/or
Zuna* Competence Enhancement section of the Board of Commissioners
Himawan Arief member Education and/or Competence Enhancement are reflected in the Education and/or
Sugoto* Competence Enhancement section of the Board of Commissioners
Suryo Utomo** member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
770 2025 Annual Report
Page 340
PT Bank Tabungan Negara (Persero) Tbk
Herry Himawan Pietra Moch.
Ida Suryo Dwi Ary Fahri Panangian Nurhayati
Trisaputra Arief Machreza Amin Rahmayati
Nuryanti² Utomo² Purnomo² Hamzah² Simanungkalit² Saadah4
Zuna¹ Sugoto¹ Paloh² Nurdin3
Types of Training and Development Time and place
Name Position Organizer
Materials Competency / Training Implementation
Dwi Ary member Education and/or Competence Enhancement are reflected in the Education and/or
Purnomo** Competence Enhancement section of the Board of Commissioners
Fahri Hamzah** member Education and/or Competence Enhancement are reflected in the Education and/or
Competence Enhancement section of the Board of Commissioners
Panangian member Education and/or Competence Enhancement are reflected in the Education and/or
Simanungkalit** Competence Enhancement section of the Board of Commissioners
Pietra Machreza member Education and/or Competence Enhancement are reflected in the Education and/or
Paloh** Competence Enhancement section of the Board of Commissioners
Moch. Amin member Banking Risk Management Training Jakarta, April 16-17, LPPI
Nurdin*** Qualification 6 2025
Nurhayati member The 9th Indonesia Risk Management Outlook Jakarta, November LPPI
Saadah**** 2026 Seminar with the theme "Navigating 13, 2025
Banking Business Amid Economic Landscape
Turmoil"
Risk Beyond International Conference on Denpasar, December Indonesia Risk
Enterprise Risk Management 2025 - Risk 4-5, 2025 Management
Odyssey momentum, Building a Resilient Risk Professional
DNA Association
2025 Annual Report 771
Page 341
08 Corporate Governance
Types of Training and Development Time and place
Name Position Organizer
Materials Competency / Training Implementation
Rahmayati Member Market with Digital Leadership and Customer Jakarta, February 7, BTN
(Ex Officio) Centricity 2025
Compliance Excellence February 2025 Edition Jakarta, February 13, BTN
Managerial - Know Your Employee 2025
BOD-1 Competency Enhancement Jakarta, March 6, BTN
2025, Jakarta
Compliance Excellence March 2025 Edition Jakarta, March 13, BTN
on Gratification Control and ISO 37001:2016 2025
SMAP Policy (Managerial)
Srikandi BTN Workshop 2025 - Srikandi BTN Jakarta, May 5, 2025 BTN
Empowerment
BTN Leadership Forum 3 in 2025 Solo, May 15-16, 2025 BTN
Banking Risk Management Certification Level Jakarta, July 10, 2025 BTN
5 Executive Officer Batch 1
Internalization of Bank BTN's Respectful Jakarta, July 30, 2025 BTN
Workplace Policy (RWP) 2025
Refreshment of Post-Employment Benefit Jakarta, August 11, BTN
Provisions in Accordance with PSAK 24 of 2025
2025
Compliance Excellence August 2025 Edition - Jakarta, August 13, BTN
Data Privacy Excellence (Managerial) 2025
Top Gun Program Cohort 1 Jakarta, August 22- BTN
24, 2025
Internalization of Security Awareness Period Jakarta, August 27, BTN
of August 2025 2025
Socialization of the 2025 BTN Competency Jakarta, August 27, BTN
Dictionary 2025
Compliance Excellence September Jakarta, September BTN
2025 Edition - Environmental, Social, 8, 2025
and Governance (ESG) Implementation
Procedures - Managerial
Socialization of Risk Appetite and Risk Jakarta, September BTN
Tolerance 2025 22, 2025
Socialization of the Technical Instructions Jakarta, September BTN
for Internal Control Over Financial Reporting 22, 2025
(ICOFR)
Socialization of Housing Credit Program (KPP) Jakarta, November BTN
Products 7, 2025
Compliance Excellence November 2025 Jakarta, November BTN
Edition - Dormant Account Activation Control 7, 2025
(Managerial)
Compliance Excellence December 2025 Jakarta, December BTN
Edition - Consumer Collection (Managerial) 11, 2025
*
Ceased from duty as of the closing of the Annual General Meeting of Shareholders for the 2024 Fiscal Year on March 26, 2025
**
Appointed at the Annual GMS for the 2024 Fiscal Year on March 26, 2025.
***
Served as a member of the Remuneration and Nomination Committee from an Independent Party until August 21, 2025
****
served as a member of the Remuneration and Nomination Committee from an Independent Party since September 26, 2025
772 2025 Annual Report
Page 342
PT Bank Tabungan Negara (Persero) Tbk
The Remuneration and Nomination Committee’s members present, welldocumented, and submitted
Meeting to the Board of Commissioners. The Minutes contain
information about time and place of the meeting,
Meeting is conducted by at least fulfilling the minimum meeting agenda, topic of discussion, dissension (if any),
requirement from the Board of Commissioners and meeting decision. Dissenting opinion taking place
stipulated in the Company’s Articles of Association. during the meeting must be clearly recorded in the
The meeting quorum is attended by minimum of 51% minute along with the underlying reasons.
(fifty-one percent) of the Committee members either
physically or proxied by other means. The meeting The Committee is allowed to conduct special meeting
of the Remuneration and Nomination Committee is if necessary. The Committee’s meeting may invite the
considered legitimate if attended by at least 51% (fifty- management or other parties as resource person.
one percent) of total Committee members including Meeting is held by invitation and with preceding
1 (one) Independent Commissioner and 1 (one) approved agenda, and the meeting outcome has to
Independent Party. be recorded in the Minutes of Meeting. The original
document shall be owned by the Committee, and the
If members of the Board of Commissioners are unable carbon copy is sent to the Secretary of the Board of
to physically attend the meeting, they may attend Commissioners, and if necessary, can be shared to the
through the power of attorney, teleconferences, and absent participants.
other methods in accordance with the legal procedure
and constitution. The decision made in the meeting is declared legitimate
and binding if attended by at least 51% (fifty-one
Meeting is chaired by the Chairman of the Committee percent) of the total Committee members including
or a member appointed by the attending members the Independent Commissioner and Executives who
if the Chairman of the Committee is not present. The supervise human resources.
decision of the Committee meeting is made based on
deliberation and consensus. When consensus is not THE REMUNERATION AND NOMINATION COMMITTEE’S
reached, decision-making is done under one man one MEETING AGENDA
vote principle.
Throughout 2025, the meeting dates, agenda, and
The Committee meeting result shall be documented participants of the Remuneration and Nomination
in the Minutes of Meeting signed by all Committee Committee meetings are as follows.
Table of Remuneration and Nomination Committee Meeting Agenda
No. Meeting Date Meeting Agenda Meeting Participants Description
1. January 15, 2025 1. Review of the Key Performance Indicators (KPI) 1. Iqbal Latanro Remuneration
of the Board of Directors of PT Bank Tabungan 2. Armand B. Arief and Nomination
Negara (Persero) Tbk on a collegial basis; and 3. Sentot A. Sentausa
2. Review of the achievement of the Key 4. Andin Hadiyanto
Performance Indicators (KPI) of the Sharia 5. Herry Trisaputra Zuna
Supervisory Board for the year 2024 and 6. Himawan Arief Sugoto
determination of the Key Performance 7. Moch Amin Nurdin
Indicators (KPI) of the Sharia Supervisory Board 8. Rahmayati
for the year 2025
2. February 12, 2025 1. Transfer duties of the Senior Executive Vice 1. Chandra M. Hamzah Remuneration
President (SEVP) Operations; 2. Iqbal Latanro and Nomination
2. Review of the achievement of the Key 3. Armand B. Arief
Performance Indicators (KPI) of the Board of 4. Sentot A. Sentausa
Commissioners for the year 2024 on a collegial 5. Andin Hadiyanto
basis; 6. Herry Trisaputra Zuna
3. Review of the achievement of the Key 7. Himawan Arief Sugoto
Performance Indicators (KPI) of the Board 8. Moch Amin Nurdin
of Commissioners for the year 2024 on an 9. Rahmayati
individual basis; and
4. Determination of the remuneration of
the Board of Directors and the Board of
Commissioners for the year 2025, as well as
the tantiem of the Board of Directors and the
Board of Commissioners for the year 2024.
2025 Annual Report 773
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08 Corporate Governance
No. Meeting Date Meeting Agenda Meeting Participants Description
3. February 19, 2025 Discussion on Post-Employment Insurance 1. Iqbal Latanro Remuneration
for the Board of Directors and the Board of 2. Armand B. Arief
Commissioners for the year 2023 3. Sentot A. Sentausa
4. Andin Hadiyanto
5. Herry Trisaputra Zuna
6. Himawan Arief Sugoto
7. Moch Amin Nurdin
8. Rahmayati
4. February 27, 2025 1. Evaluation and proposal of Nominated Talent 1. Chandra M. Hamzah Remuneration
BoD, Existing PT Bank Tabungan Negara 2. Iqbal Latanro and Nomination
(Persero) Tbk. 3. Armand B. Arief
2. Proposal for the update of Nominated Talent 4. Sentot A. Sentausa
BoD-1 PT Bank Tabungan Negara (Persero) Tbk; 5. Bambang Widjanarko
3. Discussion on the realization of the Board of 6. Adi Sulistyowati
Directors’ Key Performance Indicators (KPI) on 7. Andin Hadiyanto
a collegial basis for the year 2024 (audited); 8. Herry Trisaputra Zuna
4. Determination of the Board of Directors’ Key 9. Himawan Arief Sugoto
Performance Indicators (KPI) on a collegial 10. Moch Amin Nurdin
basis for the year 2025; 11. Rahmayati
5. Further discussion on Post-Employment
Insurance for the Board of Directors and the
Board of Commissioners for the year 2023; and
6. Performance evaluation of employees within
the Secretariat of the Board of Commissioners.
5. March 5, 2025 1. Approval of amendments to the Head Office 1. Chandra M. Hamzah Remuneration
Organizational Structure; and 2. Iqbal Latanro and Nomination
2. Performance evaluation of the supporting 3. Armand B. Arief
organs of the Board of Commissioners 4. Sentot A. Sentausa
5. Bambang Widjanarko
6. Adi Sulistyowati
7. Andin Hadiyanto
8. Herry Trisaputra Zuna
9. Himawan Arief Sugoto
10. Moch Amin Nurdin
11. Rahmayati
6. March 12, 2025 1. Discussion on the proposed candidates for the 1. Chandra M. Hamzah Nomination
Senior Executive Vice President 2. Iqbal Latanro
(SEVP) Operations; 3. Armand B. Arief
2. Extension of the tenure of Ex officio members of 4. Sentot A. Sentausa
the Remuneration Committee; and 5. Bambang Widjanarko
3. Determination of the appointment of staff for 6. Adi Sulistyowati
the Secretariat of the Board of Commissioners 7. Andin Hadiyanto
8. Herry Trisaputra Zuna
9. Himawan Arief Sugoto
10. Moch Amin Nurdin
11. Rahmayati
7. March 19, 2025 Further discussion on the determination of the 1. Chandra M. Hamzah Remuneration
Board of Directors’ Key Performance Indicators 2. Iqbal Latanro and Nomination
(KPI) on a collegial basis for the year 2025 3. Armand B. Arief
4. Sentot A. Sentausa
5. Bambang Widjanarko
6. Adi Sulistyowati
7. Andin Hadiyanto
8. Herry Trisaputra Zuna
9. Himawan Arief Sugoto
10. Moch Amin Nurdin
11. Rahmayati
8. March 26, 2025 Recommendation of candidates for the 1. Chandra M. Hamzah Nomination
Company’s management 2. Iqbal Latanro
3. Armand B. Arief
4. Sentot A. Sentausa
5. Bambang Widjanarko
6. Adi Sulistyowati
7. Andin Hadiyanto
8. Herry Trisaputra Zuna
9. Himawan Arief Sugoto
10. Moch Amin Nurdin
774 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Meeting Date Meeting Agenda Meeting Participants Description
9. April 30, 2025 Duties and main functions of the Remuneration 1. Ida Nuryanti sebagai Remuneration
and Nomination Committee pengamat and Nomination
2. Suryo Utomo sebagai
pengamat
3. Dwi Ary Purnomo sebagai
pengamat
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
8. Rahmayati
10. May 20, 2025 1. Key Performance Indicators (KPI), initiatives, 1. Ida Nuryanti sebagai Remuneration
and Long-Term Plan (RJP) for Human Capital pengamat and Nomination
2. Review and validation of public complaints 2. Suryo Utomo sebagai
pengamat
3. Dwi Ary Purnomo sebagai
pengamat
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
8. Rahmayati
11. July 7, 2025 Organizational Structure of the Head Office of PT 1. Ida Nuryanti sebagai Remuneration
Bank Tabungan Negara (Persero) Tbk for the year pengamat and Nomination
2025 2. Suryo Utomo
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
12. July 14, 2025 Update on the Imposition of Sanctions for 1. Ida Nuryanti sebagai Nomination
Violations of the Respectful Workplace Policy pengamat
(RWP) 2. Suryo Utomo
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
8. Rahmayati
13. July 16, 2025 Nomination of Candidates for the Management 1. Ida Nuryanti sebagai Nomination
of Sharia Business Unit (BUS) of PT Bank pengamat
Tabungan Negara (Persero) Tbk 2. Suryo Utomo
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
8. Rahmayati
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08 Corporate Governance
No. Meeting Date Meeting Agenda Meeting Participants Description
14. July 21, 2025 1. Discussion on the OJK Fit and Proper Test 1. Ida Nuryanti sebagai Nomination
Questionnaire for the Director of Corporate pengamat
Banking; 2. Suryo Utomo
2. Update on the proposed amendments to the 3. Dwi Ary Purnomo
Head Office Organizational Structure of BTN; 4. Fahri Hamzah sebagai
dan pengamat
3. Update on the proposed composition 5. Panangian Simanungkalit
of candidates for the management of sebagai pengamat
subsidiaries (BUS BTN). 6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
15. July 28, 2025 1. Resignation of an Independent Member of the 1. Ida Nuryanti sebagai Remuneration
Remuneration and Nomination Committee; pengamat and Nomination
2. Process and Procedures for the Recruitment of 2. Suryo Utomo
an Independent Member of the Remuneration 3. Dwi Ary Purnomo
and Nomination Committee; 4. Fahri Hamzah sebagai
3. Progress on the Proposed Approval pengamat
of Amendments to the Head Office 5. Panangian Simanungkalit
Organizational Structure of BTN; and sebagai pengamat
4. Progress on the Composition of Candidates for 6. Pietra Machreza Paloh
the Management of Subsidiaries (BUS BTN). sebagai pengamat
7. Moch Amin Nurdin
16. August 11, 2025 1. Progress of the Recruitment of an Independent 1. Ida Nuryanti sebagai Remuneration
Member of the Remuneration and Nomination pengamat and Nomination
Committee; 2. Suryo Utomo
2. Replacement of Staff of the Board of 3. Dwi Ary Purnomo
Commissioners’ Secretariat; 4. Fahri Hamzah sebagai
3. Proposal for Amendments to the Target and pengamat
Glossary Key Performance Indicators (KPI) of 5. Panangian Simanungkalit
the Board of Directors of PT Bank Tabungan sebagai pengamat
Negara (Persero) Tbk for 2025; dan 6. Pietra Machreza Paloh
4. Refinement of Provisions Governing Senior sebagai pengamat
Executive Vice President (SEVP). 7. Moch Amin Nurdin
8. Rahmayati
17. August 12, 2025 1. Update on the Refinement of Provisions 1. Ida Nuryanti sebagai Remuneration
Governing Senior Executive Vice President pengamat and Nomination
(SEVP); 2. Suryo Utomo
2. Update on the Remuneration of the Supporting 3. Dwi Ary Purnomo
Organs of the Board of Commissioners; and 4. Fahri Hamzah sebagai
3. Further Discussion on the Progress of pengamat
Recruitment of an Independent member of the 5. Panangian Simanungkalit
Remuneration and Nomination Committee sebagai pengamat
6. Pietra Machreza Paloh
sebagai pengamat
7. Moch Amin Nurdin
8. Rahmayati
18. August 19, 2025 1. Further Discussion on the Proposed 1. Ida Nuryanti sebagai Remuneration
Amendments to the Targets and Glossary pengamat and Nomination
Key Performance Indicators (KPI) of the Board 2. Suryo Utomo
of Directors of PT Bank Tabungan Negara 3. Dwi Ary Purnomo
(Persero) Tbk for 2025; 4. Fahri Hamzah sebagai
2. Further Discussion on the Remuneration pengamat
of the Supporting Organs of the Board of 5. Panangian Simanungkalit
Commissioners; and 6. Pietra Machreza Paloh
3. Further Discussion on the Progress of 7. Moch Amin Nurdin
Recruitment of an Independent Member of the
Remuneration and Nomination Committee;
4. Plan for an Overseas Workshop for the Board of
Commissioners; and
5. Update on the Proposed Management of
Subsidiaries (BUS BTN)
776 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Meeting Date Meeting Agenda Meeting Participants Description
19. August 25, 2025 Discussion on the Results of Interviews 1. Ida Nuryanti sebagai Nomination
of Candidates for the Remuneration and pengamat
Nomination Committee 2. Suryo Utomo
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
20. September 8, 1. Update on the Recruitment process of an 1. Ida Nuryanti sebagai Remuneration
2025 Independent Member of the Remuneration pengamat and Nomination
and Nomination Committee; 2. Suryo Utomo
2. Discussion on the Realization of the Board of 3. Dwi Ary Purnomo
Commissioners’ Key Performance Indicators 4. Fahri Hamzah sebagai
(KPI); and pengamat
3. Plan for Overseas Official Travel of Members of 5. Panangian Simanungkalit
the Board of Commissioners 6. Pietra Machreza Paloh
7. Rahmayati
21. September 15, Appointment of an Independent member of the 1. Ida Nuryanti sebagai Nomination
2025 Remuneration and Nomination Committee pengamat
2. Suryo Utomo
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Rahmayati
22. September 24, 1. Composition of the Committees Supporting 1. Ida Nuryanti sebagai Remuneration
2025 the Board OF Commissioners; pengamat and Nomination
2. Performance Evaluation and Reappointment 2. Suryo Utomo
of the Corporate Secretary to the Board of 3. Dwi Ary Purnomo
Commissioners of BTN; and 4. Fahri Hamzah sebagai
3. Proposal for Amendments to the Targets and pengamat
Glossary of Key Performance Indicators (KPI) 5. Panangian Simanungkalit
of the Board of Directors collegially of PT Bank 6. Pietra Machreza Paloh
Tabungan Negara (Persero) Tbk for 2025 7. Rahmayati
23. October 8, 2025 1. Update on the Achievement of the Board of 1. Ida Nuryanti sebagai Remuneration
Directors’ KPI collegially and individually; and pengamat and Nomination
2. Proposal for the Board of Directors’ Key 2. Suryo Utomo
Performance Indicators (KPI) related to the 3. Dwi Ary Purnomo
Placement of Government Funds (SAL) on 4. Fahri Hamzah sebagai
the Ministry of Finance at PT Bank Tabungan pengamat
Negara (Persero) Tbk for 2025 5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
24. October 15, 2025 1. Update on the Provision of Related Party Loans 1. Ida Nuryanti Nomination
(bank Executive Officers); and 2. Suryo Utomo
2. Recommendation and Assessement of 3. Dwi Ary Purnomo
the Proposed Candidates for the Sharia 4. Fahri Hamzah sebagai
Supervisory Board of PT Bank Syariah Nasional pengamat
("BSN") 5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
25. October 29, 2025 1. Approval of the Granting of Loans or Financing 1. Ida Nuryanti Remuneration
to Bank Executive officers; 2. Suryo Utomo and Nomination
2. Strategy for achieving the KPI of the 3. Dwi Ary Purnomo
Commercial Banking Directorate; and 4. Fahri Hamzah sebagai
3. Strategy for achieving the KPI of the Consumer pengamat
Banking Directorate. 5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
2025 Annual Report 777
Page 347
08 Corporate Governance
No. Meeting Date Meeting Agenda Meeting Participants Description
26. November 5, 2025 Evaluation and Adjustment of Honoraria for 1. Ida Nuryanti Remuneration
Independent members of the Risk Monitoring 2. Suryo Utomo
Committee 3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
27. November 12, 2025 Work Plan and Budget of the Board of 1. Ida Nuryanti Remuneration
Commissioners for 2026 2. Suryo Utomo and Nomination
3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
28. November 26, 1. Determination of the Dismissal and 1. Ida Nuryanti Remuneration
2025 Appointment of the Secretary to the Board of 2. Suryo Utomo and Nomination
Commissioners; and 3. Dwi Ary Purnomo
2. Talent Mobility Plan for BOC Support Specialist 4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
29. December 10, 1. Leave Request of members of the Board of 1. Ida Nuryanti Remuneration
2025 Directors; and 2. Suryo Utomo and Nomination
2. Managementof Employee Sanctions 3. Dwi Ary Purnomo
4. Fahri Hamzah sebagai
pengamat
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
30. December 17, 2025 Amendments to the Head Office Organizational 1. Ida Nuryanti Remuneration
Structure of PT Bank Tabungan Negara (Persero) 2. Suryo Utomo and Nomination
Tbk 3. Dwi Ary Purnomo
4. Fahri Hamzah
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
31. December 22, Formulation of the 2026 Work Program of the 1. Ida Nuryanti Remuneration
2025 Remuneration and Nomination Committee 2. Suryo Utomo and Nomination
3. Dwi Ary Purnomo
4. Fahri Hamzah
5. Panangian Simanungkalit
6. Pietra Machreza Paloh
7. Nurhayati Saadah
8. Rahmayati
FREQUENCY AND ATTENDANCE LEVEL OF REMUNERATION AND NOMINATION COMMITTEE MEETINGS
Table of Meeting Frequency and Attendance Level of The Remuneration and Nomination Committee
Meeting of Remuneration and Nomination Committee
Name Position Total and Percentage of Attendance
Total Meeting Total Attendance Percentage
Chandra M. Hamzah* Chairman concurrently 8 6 75%
Member
Ida Nuryanti** Chairman concurrently 8 8 100%
Member
778 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Meeting of Remuneration and Nomination Committee
Name Position Total and Percentage of Attendance
Total Meeting Total Attendance Percentage
Iqbal Latanro* Member 8 8 100%
Armand B. Arief* Member 8 8 100%
Sentot A. Sentausa* Member 8 8 100%
Adi Sulistyowati* Member 8 8 100%
Bambang Widjanarko* Member 8 8 100%
Andin Hadiyanto* Member 8 8 100%
Herry Trisaputra Zuna* Member 8 8 100%
Himawan Arief Sugoto* Member 8 8 100%
Suryo Utomo** Member 21 21 100%
Dwi Ary Purnomo** Member 21 21 100%
Fahri Hamzah** Member 2 2 100%
Panangian Simanungkalit** Member 14 14 100%
Pietra Machreza Paloh** Member 14 14 100%
Moch. Amin Nurdin*** Member 18 18 100%
Nurhayati Saadah**** Member 9 9 100%
Rahmayati Member 31 26 84%
*
Ceased to serve as of the closing of the Annual General Meeting of Shareholders for the Fiscal Year 2024 on March 26, 2025
**
Appointed at the Annual General Meeting of Shareholders for the Fiscal Year 2024 on March 26, 2025.
***
served as an Independent Member of the remuneration and Nomination Committee until August 22, 2025
****
served as an Independent Member of the Remuneration and Nomination Committee starting from September 26, 2025
Work Program and Implementation of Duties of The Remuneration and Nomination Committee in 2025
In 2025, the remuneration and Nomination Committee carried out the work program that had been prepared in
the previous year. All planned programs were implemented. Details of the work program and the realization of its
implementation are presented as follows:
No Work Plan Implementation
1 FINANCIAL
a Monitoring and Evaluation of the Realization of the Board of Commissioners’ budget Implemented
2 STAKEHOLDER
b Review of the Bank Business Plan (RBB), Corporate Work Plan and Budget (RKAP), Sustainable Implemented
Finance Action Plan (RKAB), Payment Service Provider (PJP) reports, and periodic self-assessment
of the Bank’s GCG in accordance with prevailing regulations
c Recommendation and Assessment of Candidates for the Board of Commissioners, Candidates Implemented
for the Sharia Supervisory Board, and Members of the Board of Directors in relation to the
Implementation of the Company’s GMS
d Validation of the proposed Selected Talent BoD-1 of Bank BTN Implemented
e Preparation of the Board of Commissioners’ Supervisory Report related to Human Resources for Implemented
the Financial Services Authority (OJK) and the Ministry of State-owned Enterprises, periodically in
accordance with prevailing regulations
2025 Annual Report 779
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08 Corporate Governance
No Work Plan Implementation
f Review of the Bank Business Plan (RBB), Corporate Work Plan and Budget (RKAP), Sustainable Implemented
Finance Action Plan (RKAB), Payment Service Provider (PJP) reports, and periodic self-assessment
of the Bank’s GCG in accordance with prevailing regulations
3 INTERNAL PROCESS
g Organizing and Attending Meetings of the Remuneration and Nomination Committee regularly Implemented
h Determining Remuneration, the Amount of Tantiem, Bonuses, and other incentives for the Board Implemented
of Commissioners, the Board of Directors, and the Sharia Supervisory Board
i Providing Recommendations for the Appointment of Candidates for the Head of the Internal Implemented
Audit Unit, Corporate Secretary, and supporting organs of the Board of Commissioners
j Evaluating Internal Policies Related to Human Resources Implemented
k Recommending and Evaluating Key Performance Indicators (KPIs) for the Board of
Commissioners, the Sharia Supervisory Board, and the Board of Directors collegially and
individually
l Preparing the work programs of the Board of Commissioners and the Remuneration and Implemented
Nomination Committee
m Reviewing the proposed work programs of the Sharia Supervisory Board
n Preparing reports on the realization of the Remuneration and Nomination Committee’s work Implemented
program
3 LEARNING & GROWTH
p Implementing the enhancement of knowledge, expertise, and competencies through Implemented
participation in seminars and/or training programs in accordance with respective duties and
areas of responsibility
4 SPECIAL TASKS AND OTHER THINGS
q Conducting communication and coordination with the Human Resources Work Unit Implemented
Director and Key Management Succession Policy
In assisting the implementation of the duties of the 5. Qualified Talent
Board of Commissioners regarding the succession of the Eligible Talent will undergo an Assessment at the
President Director and other members of the Board of Assessment Center appointed by the Ministry of
Directors in accordance with the Minister of State-Owned BUMN and then become Qualified Talent.
Enterprises Regulation No. 3 of 2023 concerning Organs
and Human Resources of State-Owned Enterprises, the The sources of Selected Talent and Nominated Talent
Remuneration and Nomination Committee implements from SOE are BOD-1 from SOE or SOE Subsidiaries which
the mechanism for the process of submitting nominated contribute significantly and have strategic value or
talent as candidates for BUMN Directors, namely: BOD-1 from SOE or SOE Subsidiaries which is applied the
1. Selected Talent same as SOE in accordance with the Law.
Determination of Selected Talent BoD-1 is carried out
through Directors’ Meetings at each BUMN. In preparing candidates or successors for the Company’s
2. Nominated Talent Directors, various Company talent developments are
Review and Determination of BoD-1 Nominated Talent carried out, especially BOD-1, BOD-2 and Women Talent
by the respective BUMN Board of Commissioners and Millennial Talent to increase Readiness Level and
through the Remuneration and Nomination prepare them to become Nominated Talent, including
Committee. through programs:
3. Nominated Talent Cluster a) Expert Talk Session
Nominated Talent will be validated and calibrated b) Pendalaman Kompetensi Talenta Kementerian
by the Cluster Talent Committee (CTC) to become BUMN
Eligible Talent. c) Business Essential (BSE)
4. Eligible Talent d) Asesmen Talenta Kompetensi KBUMN
The Nominated Talent Cluster will undergo background e) Top Gun Leadership Camp BSE Program
checking by the Ministry of SOEs through the Deputy for f) SESPIBANK – LPPI 2025
Human Resources & Information Technology (SDMTI) g) Leadership Forum 2025
KBUMN which will then become Eligible Talent. h) Public Speaking for C Level Executive
i) Group Executive Cross Mentoring Leadership
780 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
j) Learning From Public Figure (Personal Branding) 5. Decree of the Deputy for Finance and Risk
k) Digital Leadership Bootcamp for BOD-1 Management of the Ministry of State-Owned
Enterprises No. SK-3/ DKU. MBU/05/2023 concerning
In addition, in the external search process for BOD-1 Technical Instructions for the Composition and
Talent in 2025, which will subsequently be prepared as Qualifications of Risk Management Organs within
candidates for the Company’s Board of Directors (BOD) State-Owned Enterprises.
through a development mechanism and the nomination 6. Company’s Articles of Association
of nominated talent, the Company engaged the services
of a professional executive search firm/headhunter, PT Duties and Responsibilities of The Risk
Daya Dimensi Indonesia (DDI). Monitoring Committee
Risk Monitoring Committe Referring to the Risk Monitoring Committee Charter,
duties and responsibilities of Risk Monitoring Committee
The Risk Monitoring Committee is a Supporting are as follows:
Organ formed by and responsible to the Board of 1. Evaluating the alignment between the company’s
Commissioners whose task is to assist the Board of risk management policy and its implementation;
Commissioners in evaluating the suitability of the 2. Monitoring and evaluating the duty accomplishment
Risk Management Policy with the implementation of of the Risk Management Committee and working
that policy and monitoring as well as evaluating the unit of risk management;
implementation of the duties of the Risk Management 3. Gathering and assessing information, clarifications,
Committee and the Risk Management Work Unit. documents, and/or reports related to the
implementation of risk management;
The purpose of establishing the Committee is to 4. Monitoring the adequacy of identification process,
assist and support the implementation of the duties measurement, monitoring, control, and information
and responsibilities of the Board of Commissioners system of risk management;
in ensuring the implementation of supervision and 5. Encouraging the empowerment of the Company’s
providing advice to the Board of Directors as well risk management function;
as compliance with statutory regulations and the 6. Reporting to the Board of Commissioners about the
Company’s internal regulations related to: possibility of Bank risk and proposing a variety of
1. Implementating a strong function of risk solutions
management supervision; 7. Conducting risk monitoring in the working unit which
2. Developing a risk management culture in order to is closely related to risk-based decision-making and
reduce the possibility of unethical banking practices cooperating with risk management work unit.
occurring; and 8. Reviewing, evaluating, and/or providing
3. Identified matters related to risk management that recommendation on matters which require approval,
require the attention of the Board of Commissioners... consultation, or decision making by the Board of
Commissioners in accordance with the Articles
Legal Basis for Establishing The Risk Monitoring of Association, Working Relationship of the Board
Committee of Commissioners and Directors, and regulator’s
decree.
The Company establishes Risk Monitoring Committee 9. Performing other duties assigned by the Board of
under the following legal bases: Commissioners within the relevant scope of duties
1. OJK Regulation No 17 of 2023 dated September 14, of risk management.
2023 concerning the Implementation of Governance 10. The evaluation and monitoring activities mentioned
for Commercial Banks. above also cover the function of Sharia risk
2. OJK Circular Letter No. 13/SEOJK.03/2017 dated March management in UUS (Sharia Business Units).
17, 2017 on the Implementation of Governance for 11. The results of the duties and responsibilities outlined
General Bank. above are used to provide recommendations to the
3. Regulation of the Minister of State-Owned Board of Commissioners.
Enterprises No. PER-2/MBU/03/2023 dated March
24, 2023 concerning Guidelines for Governance Charter of The Risk Monitoring Committee
and Significant Corporate Activities of State-Owned
Enterprises; The Guidelines and Rules of Procedure for the Risk
4. Regulation of the Minister of State-Owned Monitoring Committee are prepared based on
Enterprises No. PER-3/MBU/03/2023 dated March 24, applicable laws and regulations and are periodically
2023 concerning Organs and Human Resources of reviewed, with the most recent update based on the
StateOwned Enterprises; Board of Commissioners Decree No. 21/KOM/BTN/2024
2025 Annual Report 781
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08 Corporate Governance
dated December 18, 2024, concerning the Guidelines and Rules of Procedure for the Risk Monitoring Committee of PT
Bank Tabungan Negara (Persero) Tbk, containing the following provisions:
Article 1 Definition
Chapter I General Provision
Article 2 Objectives
Article 3 Duties and Responsibilities
Chapter II Duty, Responsibility, and Authority
Article 4 Authority
Article 5 Composition and Structure
Chapter III Structure and Membership Article 6 Membership Requirements
Article 7 Term of Office
Article 8 Work Mechanism
Chapter IV Work Mechanism and Relationship Article 9 Employment Relations
Article 10 Supporting Personnel
Article 11 Work Plan and Budgeting
Article 12 Committee Meetings
Chapter V Work Planning and Execution
Article 13 Report
Article 14 Evaluation
Article 15 Competency Development
Chapter VI Competency Development and Income
Article 16 Income
Chapter VII Others Article 17 Closing
Authorities of The Risk Monitoring Committee
Daccomplishing its function, the Risk Management Committee holds the following authority to:
1. Carrying out activities in the implementation of the duties and responsibilities of the Risk Monitoring Committee.
2. Communicate with the Directors and/or Executives and internal Bank parties to obtain necessary information,
clarifications, documents, and reports.
3. Obtain inputs and/or suggestions from the Bank’s external parties related to the duty of the Risk Management
Committee.
Term of Office of The Risk Monitoring Committee
1. The term of office of the Committee members serving as a concurrent member of the Board of Commissioners
automatically ends once their position as members of the Board of Commissioners ends;
2. The term of office of the Committee members who has not served as concurrent members of the Board of
Commissioners is 3 (three) years at the maximum and is extendable to once for 2 (two) terms of office provided
that the Board of Commissioners is still entitled to dismiss the respected Committee members at any time;
3. If a member of the Board of Commissioners holds a concurrent position as the chairman of the Committee releases
his status as a member of the Board of Commissioners, the position of the Committee chairman must be replaced
by another member of the Board of Commissioners within maximum of 30 (thirty) days.
782 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Structure, Membership, and Expertise of The Risk Monitoring Committee
Period of January 1 to March 26, 2025
Term of Office
Basis of
Nama Position Description Expertise Period
Appointment
Start End
Armand B. Chairman Independent Banking, Risk Second March 6, AGMS Resolution of the Board
Arief and Commissioner Management, 2024 2025 of Commissioners
Member Business Number 04/KOM/
Management BTN/2024 dated March
17, 2024
Herry Member Commissioner Macroeconomics, First March 17, AGMS Resolution of the Board
Trisaputra Management, 2022 2025 of Commissioners
Zuna Public Works, and Number 04/KOM/
Housing BTN/2022 dated March
17, 2022
Himawan Arief Member Commissioner Management First March 17, AGMS Resolution of the Board
Sugoto and Business, Risk 2022 2025 of Commissioners
Management, Number 04/KOM/
Finance, Land BTN/2022 dated March
Affairs, and 17, 2022
Spatial Planning
Adi Member Independent Banking, Risk First March 13, AGMS Resolution of the Board
Sulistyowati Commissioner Management, 2024 2025 of Commissioners
and Business Number 07/KOM/
Management BTN/2024 dated March
13, 2024
Andin Member Commissioner Banking, First October AGMS Resolution of the Board
Hadiyanto Compliance, Risk 16, 2024 2025 of Commissioners
Management, Number 10/KOM/
and Business BTN2024 dated
Administration October 16, 2024
Ignace Member Independent Risk Management, Second November November Resolution of the Board
Widiatmoko Party Banking, Finance, 7, 2024 6, 2026 of Commissioners
Sharia Banking Number 1064/DIR/2024
dated November 19,
2024
Pamuji Member Independent Banking, Risk Second November November Resolution of the Board
Gesang Party Management, 30, 2024 29, 2026 of Commissioners
Raharjo Finance, Sharia Number 1063/DIR/2024
Banking dated November 19,
2024
Period of March 26 to June 29, 2025
Term of Office
Basis of
Name Position Description Expertise Period
Appointment
Start End
Ignace Member Independent Risk Management, Second 07/11/2024 06/11/2026 Resolution of the Board
Widiatmoko Party Banking, Finance, of Commissioners
Sharia Banking Number 1064/DIR/2024
dated November 19,
2024
Pamuji Member Independent Banking, Risk Second 30/11/2024 29/11/2026 Board of Directors
Gesang Party Management, Decision Number
Raharjo Finance, Sharia 1063/DIR/2024 dated
Banking November 19, 2024
2025 Annual Report 783
Page 353
08 Corporate Governance
Period of June 30 to December 31, 2025:
Term of Office
Basis of
Name Position Description Expertise Period
Appointment
Start End
Panangian Chairman Independent Property, Risk First 30/06/2025 AGMS Resolution of
Simanungkalit concurrently Commissioner Management, 2030 the Board of
serving as Finance, and Commissioners
Member Macroeconomics Number 04/KOM/
BTN/2025 dated June
30, 2025
Suryo Utomo Member President Accounting, Law, First 30/06/2025 AGMS Resolution of
Commissioner Taxation, Finance, 2030 the Board of
and Information Commissioners
Technology Number 04/KOM/
BTN/2025 dated June
30, 2025
Dwi Ary Member Vice President Risk Management, First 30/06/2025 AGMS Resolution of
Purnomo Commissioner Corporate 2030 the Board of
Governance, Commissioners
Accounting, and Number 04/KOM/
Law BTN/2025 dated June
30, 2025
Ignace Member Independent Risk Management, Second 07/11/2024 06/11/2026 Resolution of
Widiatmoko Party Banking, Finance, the Board of
Sharia Banking Commissioners
Number 1064/
DIR/2024 dated
November 19, 2024
Pamuji Member Independent Banking, Risk Second 30/11/2024 29/11/2026 Resolution of
Gesang Party Management, the Board of
Raharjo Finance, Sharia Commissioners
Banking Number 1063/
DIR/2024 dated
November 19, 2024
Profile of The Risk Monitoring Committee
The profile of the Risk Monitoring Committee as of
December 31, 2025, is as follows.
Panangian Profile can be found in the Board of Dwi Ary Profile can be found in the Board of
Simanungkalit Commissioners' Profile section. Purnomo Commissioners' Profile section.
Chairman His tenure as Chairman concurrent Member of the His tenure as member of the Risk
concurrent member of the Risk Monitoring Risk Monitoring Monitoring Committee runs from June
Committee runs from June 29, 2025, to Committee 29, 2025, to the 2030 AGMS (First Term)
member of the
Risk Monitoring the 2030 AGMS (First Term)
Committee
Profile can be found in the Board of
Suryo Utomo Commissioners' Profile section.
Member of the His tenure as member of the Risk
Risk Monitoring
Monitoring Committee runs from June
Committee
29, 2025, to the 2030 AGMS (First Term)
784 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Ignace Widiatmoko
Member of the Risk Monitoring Committee/ Independent Party
Indonesian Citizen,
Probolinggo, July 07 1960
(65 years old as of December 2025),
Domicilie in Tangerang Selatan Banten.
Educational Background Legal Basis for Appointment
• First Term: Board of Directors Decree No. 1002/DIR/2021 dated
• Bachelor of Corporate Economics, Diponegoro University,
November 8, 2021, regarding the Appointment of Mr. Ignace
Semarang (1984)
Widiatmoko as a Member of the Risk Monitoring Committee
• Master of Business Administration di Rutgers The State
• Second Term: Board of Directors Decree No. 1064/DIR/2024
University (1995)
dated November 19, 2024, regarding the Extension of the Term
of Office of the Risk Monitoring Committee Member at PT Bank
Certification
Tabungan Negara (Persero) Tbk
• Banking Risk Management Certification Level 7 according to
KKNI (2024)
Period of Office
• Certification in Audit Committee Practices (CACP) from IKAI
• First Term with a Tenure from November 7, 2021, to November
(2019)
6, 2024
• Second Term with a Tenure from November 7, 2024, to
Work Experience
November 6, 2026
• Vice President of Risk Management of Bank Mandiri (2007—
2015).
• Commissioner of PT Resik Guna Maju (2015—2018). Concurrent Position
• Managing Director PT Gedung Bank Exim (2015—2018). None
• Risk Monitoring Committee and Audit Committee of Rabobank
International Indonesia (2018—2020).
• Risk Monitoring Committee of Industrial Commercial of Bank
of China Indonesia (2018—2021).
• Risk Monitoring Committee and Audit Committee of Bank
Victoria International Tbk (2021).
2025 Annual Report 785
Page 355
08 Corporate Governance
Pamuji Gesang Raharjo
Member of the Risk Monitoring Committee/ Independent Party
Indonesian Citizen,
Jakarta, April 10, 1968
(57 years old as of December 2025),
Domicilie in Jakarta Pusat DKI Jakarta.
Educational Background Legal Basis for Appointment
• Bachelor of Economics, University of Dr. Moestopo (1996) • Board of Directors Decree No. 1067/DIR/2021 dated December
• Master of Risk Management, University of Indonesia (2003) 1, 2021, regarding the Appointment of Mr. Pamuji Gesang
• Doctor of Business and Management (Finance) Bogor Raharjo as a Member of the Risk Monitoring Committee
Agricultural University (2014) • Board of Directors Decree No. 1063/DIR/2024 dated November
19, 2024, regarding the Extension of the Term of Office of the
Certification Risk Monitoring Committee Member at PT Bank Tabungan
Negara (Persero) Tbk
• Banking Risk Management Certification Level 7 according to
KKNI (2024)
• Certified of Financial Consultant (CFC) Institute of Financial Period of Office
Consultant from IFC (2013) • First Term with a Tenure from November 30, 2021, to November
• Certified of Investment Market and Banking Analyst (CIMBA) 29, 2024
Investment Market and Banking Analyst Association (2014) • Second Term with a Tenure from November 30, 2024, to
• Certification in Audit Committee Practices (CACP) from IKAI November 29, 2026
(2022)
Work Experience Concurrent Position
None
• General Manager of Risk Management Perum Pegadaian
(2010 – 2011);
• Director of Risk Management Center Indonesia (2009 – 2011);
• Member of Risk Monitoring Committee of PT Bank Rakyat
Indonesia (Persero) Tbk (2007 – 2010 and 2011 – 2016);
• Member of Audit Committee of PT Bank Rakyat Indonesia
(Persero) Tbk (2016 – 2021);
786 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Independency of The Risk Monitoring Committee
Table of Risk Monitoring Committee’s Independency
Herry Himawan Pamuji
Aspect of Panangian Suryo Dwi Ary Armand Adi Andin Ignace
Trisaputra Arief Gesang
Independency Simanungkalit¹ Utomo¹ Purnomo¹ B. Arief² Zuna² Sugoto²
Sulistyowati² Hadiyanto² Widiatmoko
Raharjo
Having no
financial
Association with
the Board of
Commissioners
and Directors
Having no
management
relation in
the company,
subsidiary
company,
or affiliated
company
Has no
ownership
relationship
shares in the
company of 5%
or more
Not having
familial
relationship with
the Board of
Commissioners,
Directors,
and/or fellow
members of the
Risk Monitoring
Committee
Not serving as
administrators
of political
parties, public
officials and
government
Training and/or Competency Development of The Risk Monitoring Committee In 2025
Time and Place of
Name Position Types of Training and Materials Organizer
Implementation
Panangian Chairman Training and/or Competency Enhancement can be seen in the Training and/or Competency
Simanungkalit concurrently Enhancement section of the Board of Commissioners
Member
Suryo Utomo Member Training and/or Competency Enhancement can be seen in the Training and/or Competency
Enhancement section of the Board of Commissioners
Dwi Ary Member Training and/or Competency Enhancement can be seen in the Training and/or Competency
Purnomo Enhancement section of the Board of Commissioners
2025 Annual Report 787
Page 357
08 Corporate Governance
Time and Place of
Name Position Types of Training and Materials Organizer
Implementation
Ignace Member National Seminar on “Banking Industry Batam, June 18-19, 2025 Indonesian Risk
Widiatmoko Readiness in Responding to the Escalation of Professional
Climate Risk and Cyber Risks 2025" Association (IRPA)
IKAI Seminar “Driving Enterprise Value Jakarta, July 24, 2025 PT Bank Tabungan
Through Strategic Risk Oversight: The Critical Negara (Persero)
Role of Oversight Boards and Internal Audit in Tbk
Strengthening Risk Governance and Portfolio
Management”
llA Indonesia National Conference 2025 Medan, August 27-28, Institute of Internal
"Audit forTomorrow Strafegic, Future Ready, 2025 Auditors Indonesia
Sustainable."
BOC Forum 2025 Lombok, September PT Bank Tabungan
26-28, 2025 Negara (Persero)
Tbk
Risk Beyond International Conference on Denpasar, November Indonesia Risk
Enterprise Risk Management 2025 - Risk 4-5, 2025 Management
Odyssey momentum, Building a Resilient Risk Professional
DNA Association
Seminar The 9th Indonesia Risk Management Jakarta, November 13, Lembaga
Outlook 2026 dengan Tema “Navigating 2025 Pengembangan
Banking Business Amid Economic Landscape Perbankan
Turmoil” Indonesia
Pamuji Gesang Member National Seminar on “Banking Industry Batam, June 18-19, 2025 Indonesian Risk
Raharjo Readiness in Responding to the Escalation in Professional
Climate and Cyber Risks 2025" Association (IRPA)
IKAI Seminar “Driving Enterprise Value Jakarta, July 24, 2025 PT Bank Tabungan
Through Strategic Risk Oversight : The Critical Negara (Persero)
Role of Oversight Boards and Internal Audit in Tbk
Strengthening Risk Governance and Portfolio
Management”
BOC Forum 2025 Lombok, September PT Bank Tabungan
26-28, 2025 Negara (Persero)
Tbk
Risk Beyond International Conference on Denpasar, November Indonesia Risk
Enterprise Risk Management 2025 - Risk 4-5, 2025 Management
Odyssey momentum, Building a Resilient Risk Professional
DNA Association
Seminar The 9th Indonesia Risk Management Jakarta, November 13, Indonesian
Outlook 2026 dengan Tema “Navigating 2025 Banking
Banking Business Amid Economic Landscape Development
Turmoil” Institute
788 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Risk Monitoring Committee Meeting
The Risk Monitoring Committee meetings are held as of the meeting, meeting agenda, topic of discussion,
needed by the Company, at least once (1) a month. The dissension (if any), and meeting decision. Dissenting
meetings are conducted if attended by the majority of opinion occurring during the meeting must be clearly
the committee members. recorded in the Minutes, along with the underlying
reasons.
If members of the Risk Monitoring Committee are
unable to physically attend the meeting, they may The Risk Monitoring Committee is allowed to conduct
attend through the power of attorney, teleconferences special meeting if necessary. Committee meeting may
technology, and other means in accordance with the invite the management or other parties as resource
legal procedure and constitution. person. The meeting is held by invitation and approved
agenda, and the meeting outcome has to be recorded in
The meetings are chaired by the Committee Chair, or the Minutes of Meeting. The original document must be
in the event of the Chair’s absence, the meeting is led possessed by the Committee, and the carbon copy shall
by a committee member appointed by the attending be sent to the Secretary of the Board of Commissioners
members. Decisions in the committee meetings and, if necessary, can be shared to the absent invitees.
are made based on deliberation and consensus. If
consensus is not reached, decisions are made by THE RISK MONITORING COMMITTEE’S MEETING AGENDA
majority vote.
Throughout 2025, the Risk Monitoring Committee held 32
The Committee meeting result must be in writing in the (thirty-two) meetings, thereby fulfilling the requirement
form of the Minutes of Meeting signed by all Committee to convene meetings at least once a month. The
attendees, and shall be well-documented, and meeting agendas covered the implementation of the
submitted to the Board of Commissioners. The Minutes Committee’s duties and responsibilities, as follows:
of Meeting includes information about time and place
Table of the Risk Monitoring Committee’s Meeting Agenda
No. Meeting Date Meeting Agenda Meeting Participants
1 January 3, 2025 Review of the Request for Approval from Series A • Armand B. Arief
Dwiwarna Shareholders regarding the Corporate • Herry Trisaputra Zuna
Action Plan for the Acquisition and Capital • Himawan Arief Sugoto
Participation in PT Bank Victoria Syariah in the context • Adi Sulistyowati
of the Spin-Off of the Sharia Business Unit of PT Bank • Andin Hadiyanto
Tabungan Negara (Persero) Tbk • Ignace Widiatmoko
• Pamuji Gesang Raharjo
2 January 6, 2025 Recommendation on the Request for Approval of the • Armand B. Arief
Appetite and Risk Tolerance for the year 2025 • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
3 January 7, 2025 Review of the Credit Committee Meeting Decision • Armand B. Arief
Report for the November 2024 period • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
4 January 22, 2025 Review of the Request for Approval form Series • Armand B. Arief
A Dwiwarna Shareholders and the Board of • Herry Trisaputra Zuna
Commissioners regarding the Acquisition and Capital • Himawan Arief Sugoto
Participation in PT Bank Victoria Syariah by PT Bank • Adi Sulistyowati
Tabungan Negara (Persero) Tbk in the context of • Andin Hadiyanto
the Spin-Off of the Sharia Business Unit of PT Bank • Ignace Widiatmoko
Tabungan Negara (Persero) Tbk • Pamuji Gesang Raharjo
2025 Annual Report 789
Page 359
08 Corporate Governance
No. Meeting Date Meeting Agenda Meeting Participants
5 January 23, 2025 Preparation of the Performance Realization Report of • Armand B. Arief
the Risk Monitoring Committee for the Fourth Quarter • Herry Trisaputra Zuna
of 2024 and for the year 2024 • Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
6 February 3, 2025 Review of the Credit Committee Meeting Decision • Armand B. Arief
Report for the December 2024 Period • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
7 February 4, 2025 Review of the Compliance Report up to the Fourth • Armand B. Arief
quarter or Second Semester of 2024 • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
8 February 21, 2025 Review of the Bank Soundness Level for the Second • Armand B. Arief
Semester of 2024 • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
9 February 24, 2025 Review of the Credit Committee meeting Decision • Armand B. Arief
Report for the January 2025 period 2025 • Herry Trisaputra Zuna
• Himawan Arief Sugoto
• Adi Sulistyowati
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
10 March 3, 2025 Review of the Realization Report on the • Armand B. Arief
Implementationof Troubled Asset Sale Transactions, • Herry Trisaputra Zuna
accompanied by the Purchase of Securities • Himawan Arief Sugoto
• Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
11 March 13, 2025 Review of the Realization of the Macroprudential • Armand B. Arief
Inclusive Financing Ratio (RPIM) for the year 2024 and • Herry Trisaputra Zuna
the Determination of the RPIM Target for the year 2025 • Himawan Arief Sugoto
of PT Bank Tabungan Negara (Persero) Tbk • Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
12 March 17, 2025 Review of the Final Report on the Self-Assessment on • Armand B. Arief
the Implementation of Good Corporate Governance • Herry Trisaputra Zuna
of the Sharia Business Unit of PT Bank Tabungan • Himawan Arief Sugoto
Negara (Persero) Tbk Tahun 2024 • Adi Sulistyowati
• Andin Hadiyanto
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
13 July 7, 2025 Review of the Final Report of the Bottom-Up Stress • Panangian Simanungkalit sebagai
Test for the year 2025 pengamat
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
790 2025 Annual Report
Page 360
PT Bank Tabungan Negara (Persero) Tbk
No. Meeting Date Meeting Agenda Meeting Participants
14 July 14, 2025 Changes to the Target of the macroprudential • Panangian Simanungkalit sebagai
Inclusive Financing Ratio (RPIM) for the year 2025 pengamat
• Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
15 July 22, 2025 Strategy for Reducing the Cost of Fund (CoF) in Retail • Panangian Simanungkalit sebagai
Third-Party Funds (DPK Retail) and the Projection of pengamat
CoF as of December 2025 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
16 August 4, 2025 Discussionof the Bank Soundness Level (TKB) Report • Panangian Simanungkalit sebagai
for Bankwide and Sharia Business Unit (UUS) as well as pengamat
the Minimum Capital Adequacy Requirement (KPMM) • Suryo Utomo
positions as of June 2025 • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
17 August 11, 2025 Recommendation on the Updating of Special Policies • Panangian Simanungkalit sebagai
concerning Procedures for the Implementation of pengamat
Anti-Money Laundering, Counter-Terrorism Financing, • Suryo Utomo
and Counter-Proliferation Financing of Weapons of • Dwi Ary Purnomo
Mass Destruction (AML, CTF, and CPF) • Ignace Widiatmoko
• Pamuji Gesang Raharjo
18 August 19, 2025 Review of the Compliance Report for the Second • Panangian Simanungkalit sebagai
Quarter of 2025 and the Compliance Report for the pengamat
First Semester of 2025 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
19 August 25, 2025 Preparation of the Performance Realization Report • Panangian Simanungkalit
of the Risk Monitoring Committee for the First and • Suryo Utomo
Second Quarters of 2025 • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
20 October 20, 2025 Recommendation on the Application for Approval of • Panangian Simanungkalit
the BTN Group Principle Guidelines • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
21 October 27, 2025 Recommendation on the Proposed Risk Appetite and • Panangian Simanungkalit
Risk Tolerance Indicators for the Year 2026 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
22 October 29, 2025 Preparation of the Performance Realization Report of • Panangian Simanungkalit
the Risk Monitoring Committee for the Third Quarter • Suryo Utomo
of 2025 • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
23 November 03, 2025 Review of the Compliance report for the Third Quarter • Panangian Simanungkalit
of 2025 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
24 November 10, 2025 Review of the Credit Committee meeting Decision • Panangian Simanungkalit
reports for the Period of May to August 2025 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
2025 Annual Report 791
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08 Corporate Governance
No. Meeting Date Meeting Agenda Meeting Participants
25 November 14, 2025 Review of the Risk Profile Report for the Third Quarter • Panangian Simanungkalit
of 2025 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
26 November 17, 2025 Recommendation on the Management Review • Panangian Simanungkalit
meeting Report of ISO 37001:2016 Anti-Bribery • Suryo Utomo
Management System (ABMS) • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
27 November 19, 2025 Recommendation on the Management Review • Panangian Simanungkalit
Meeting Report of ISO 37301:2021 Compliance • Suryo Utomo
Management System • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
28 November 24, 2025 Review of the Credit Committee meeting Decision • Panangian Simanungkalit
Report for the October 2025 period • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
29 November 25, 2025 Review of the updating of the Recovery Action Plan • Panangian Simanungkalit
and the Sustainable Finance Action Plan • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
30 December 15, 2025 Recommendation on the Application for Approval of • Panangian Simanungkalit
the Granting of a Credit Line Facility to PT Bank Syariah • Suryo Utomo
Nasional • Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
31 December 17, 2025 Recommendation on the Proposed Risk Appetite and • Panangian Simanungkalit
Risk Tolerance Threshold for the Year 2026 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
32 December 22, 2025 Preparation of the Risk Monitoring Committee Work • Panangian Simanungkalit
Program for the Year 2026 • Suryo Utomo
• Dwi Ary Purnomo
• Ignace Widiatmoko
• Pamuji Gesang Raharjo
FREQUENCY AND ATTENDANCE LEVEL OF RISK MONITORING COMMITTEE MEETINGS
Risk Monitoring Committee Meeting Attendance Rate Table
Risk Monitoring Committee Meeting
Name Position
Total Meeting Total Attendance Percentage
Armand B. Arief* Chairman and concurrently 12 12 100%
a member
Panangian Simanungkalit** Chairman and concurrently 14 14 100%
a member
Herry Trisaputra Zuna* Member 12 12 100%
Himawan Arief Sugoto* Member 12 12 100%
Adi Sulistyowati* Member 12 12 100%
Andin Hadiyanto* Member 12 12 100%
792 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Risk Monitoring Committee Meeting
Name Position
Total Meeting Total Attendance Percentage
Suryo Utomo** Member 20 19 95,00%
Dwi Ary Purnomo** Member 20 19 95,00%
Ignace Widiatmoko Member 32 32 100%
Pamuji Gesang Raharjo Member 32 32 100%
*
Ceased to serve as of the closing of the Annual General Meeting of Shareholders for the 2024 Financial Year on March 26, 2025
**
Appointed at the Annual General Meeting of Shareholders for the 2024 Financial Year on March 26, 2025.
Work Plan and The Implementation of Duties of The Risk Monitoring Committee of 2025
No Work Plan Implementation Information
1 REGULAR
a Review of Risk Profile Report Implemented
b Review of the Bank Soundness Level Report and Minimum Capital Implemented
Adequacy Requirement
c Review and Provision of Input on Risk Appetite and Risk Tolerance Implemented
b Review of the update to the Recovery Plan Implemented
c Review of the update to the Resolution Plan Not Implemented There was no update to
the Resolution Plan in
2025
d Assessment of the Risk Management Policy Guidelines Not Implemented There were no significant
matters requiring
revision of the Risk
Management Policy
Guidelines (PKMR)
e Review of the Risk Maturity Index Assessment Implemented
f Review of the Credit Committee Meeting Decisions Reports Implemented
g Review of Compliance Report Implemented
h Submission of the Self-Assessment Report on the Implementation of Implemented
Corporate Governance
i Review of the Sustainable Finance Action Plan Implemented
j Review of the Sustainability Report Implemented
k Preparation of the Risk Monitoring Committee Work Program Implemented
l Preparation of the Risk Monitoring Committee Report Implemented
m Conducting Risk Monitoring Committee Meetings Implemented
2 NONREGULAR
a Strategic Initiatives and New Regulations
Issuance of General Policies, Special Policies, and/or Technical Implemented
Guidelines requiring the attention and/or approval of the Board of
Commissioners
b Recommendations on General and Special Policies, including
2025 Annual Report 793
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08 Corporate Governance
No Work Plan Implementation Information
Updates to General Policies, Special Policies, and/or Technical Implemented
Guidelines requiring attention and/or approval of the Board of
Commissioners
3 MONITORING OF THE IMPLEMENTATION OF COMMITTEE RECOMMENDATIONS
Communication and coordination with the Risk Management Work Implemented
Unit
4 DISCUSSION OF TOP RISKS AT RISK-TAKING UNITS
Requesting and evaluating data, information, and/or clarification Implemented
from the Risk Management Work Unit and other relevant Work Units
5 SPECIAL DUTIES AND OTHER MATTERS
Other duties assigned by the Chairman of the Committee, the Board Implemented
of Commissioners, and/or members of the Board of Commissioners
Organs and Committees Under The The Structure of The Corporate Secretary
Directors
The Corporate Secretary is managed by the Corporate
Corporate Secretary Secretary Division (CSD) which is led by the Corporate
Secretary Division Head (dhi. Corporate Secretary),
As a supporting organ to the Board of Directors in the and is responsible to the President Director in carrying
implementation of good corporate governance, the out his/her duties. The Corporate Secretary is assisted
Corporate Secretary has a significant role in ensuring by a Senior Manager/Assistant Vice President who is
that the Company has been following the regulations responsible for each work unit including Capital Market,
related to the disclosure requirements in line with the Planning & Operations, Communication, Stakeholder
implementation of GCG principles. The Corporate Relation, Community Development, and Office of the
Secretary has to perform corporate’s responsibilities Board
regarding the disclosure of materials and relevant
information to the stakeholders. The Corporate Secretary
also provides relevant information to the Board of
Directors and Board of Commissioners, organizes the
information, coordinates, and documents the meeting
of the Board of Directors, the joint meeting of the Board
of Directors and the Board of Commissioners, GMS, and
other activities with stakeholders.
794 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Corporate Secretary
(CSD)
Secretary
Capital Market
Stakeholder Community Office of The
Planning & Communication
Relation Development Board
Operations
TJSL
Capital Market Internal Stakeholder
Development General Affair
Assurance Communication Relation 1
Officer
Planning Media Relation
Stakeholder TJSL Monitoring Protocol
Performance & & Public
Relation 2 Officer Specialist
Budgeting Information
Executive
Executive
Committee
Secretary
Support
Board
Commissioner
Support
Functions, Duties, and Responsibilities of The 3. Assisting the Board of Directors and Board of
Corporate Secretary Commissioners in the implementation of the
corporate governance which includes:
In carrying out its duties and responsibilities, the a. Disclosure of information to the public, including
Corporate Secretary also refers to the Financial Services the availability of information on the issuer or
Authority Regulation No. 35/POJK.04/2014, dated Company’s websites.
December 8, 2014, concerning Corporate Secretary of b. Report submission to the Financial Services
Issuers or Public Companies. Based on these regulations, Authority on schedule.
the Corporate Secretary shall perform its duties and c. Conducting and documenting the General
responsibilities, which include: Meeting of the Shareholders (GMS).
1. Following-up the progress of the capital market, d. Conducting and documenting meetings of the
particularly in terms of the laws and regulations Board Directors and or Board of Commissioners.
applied in the capital market sector. e. Conducting orientation programs for the Board
2. Providing input to the Company’s Directors and of Directors and/or the Board of Commissioners.
Board of Commissioners for Complying with the 4. As a communicator between the Company and
provisions of laws and regulations in the capital shareholders of issuers or public companies,
market sector. Financial Services Authority, and other stakeholders.
2025 Annual Report 795
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08 Corporate Governance
Corporate Secretary Profile
Ramon Armando
Corporate Secretary
Indonesian Citizen,
51 years as of December 2025,
Domicilie in Jakarta.
Educational Background Work Experience
• Social Sciences/Administration from the University of • Marketing Communication Division Head Bank BTN (2020-
Indonesia (1996) 2023)
• Master (S2) in Commerce from The University of Sydney in • VP Retail Marketing Communication Bank Mandiri (2015-
1998 2020)
• VP Corporate Communication Bank Mandiri (2010-2015)
Certification • Regional Card Manager Bandung Bank Mandiri (2010).
Level 5 Risk Management Competency
Legal Basis for Appointment
Directors’ Decree Number 231/DIR/2023 dated April 14 2023
Corporate Secretary Competency Development Program
Types of Training and Development Materials
Time and place Organizer
Competency / Training
Podcast Sahabat Transformasi - BTN Digital Store: Empowering Jakarta, January 6, 2025 PT Bank Tabungan Negara
Your Digital Journey (Persero) Tbk
BTN Prospera Socialization Program - Retail Funding Division - Jakarta, January 9, 2025 PT Bank Tabungan Negara
Tahun 2025 (Persero) Tbk
Compliance Excellence, January 2025 Edition – Anti-Fraud Strategi Jakarta, January 14, 2025 PT Bank Tabungan Negara
(SAF) (Persero) Tbk
Cash Management System (CMS) Internalization Program Jakarta, January 20, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Corporate Identity Socialization Program Jakarta, January 21, 2025 PT Bank Tabungan Negara
(Persero) Tbk
MSME Product Knowledge Internalization Program Jakarta, January 21, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Risk Management Certification Refreshment (Qualification Level 5) Jakarta, February 7, 2025 PT Bank Tabungan Negara
through E – Learning Method (Persero) Tbk
Compliance Excellence, February 2025 Edition - Know Your Jakarta, February 10, 2025 PT Bank Tabungan Negara
Employee (Persero) Tbk
Security Awareness Socialization, February 2025 Jakarta, February 19, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Professional Services Program Jakarta, February 28, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Compliance Excellence, March 2025 Edition Gratuity Control and Jakarta, March 10, 2025 PT Bank Tabungan Negara
Anti-Bribery Management System (ABMS) Policy ISO 37001:2016 (Persero) Tbk
796 2025 Annual Report
Page 366
PT Bank Tabungan Negara (Persero) Tbk
Types of Training and Development Materials
Time and place Organizer
Competency / Training
Socialization of BTN’s New Vision and Mission and Strategic Jakarta, March 18, 2025 PT Bank Tabungan Negara
Initiatives of the 2025 -2029 RJPP (Persero) Tbk
Compliance Excellence, April 2025 Edition- Employee Disciplinary Jakarta, April 17, 2025 PT Bank Tabungan Negara
Sanctions (Persero) Tbk
Bale Agen Socialization Program, April 2025 Jakarta, April 17, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Cyber Threat & Digital Risk Awareness Socialization Jakarta, April 24, 2025 PT Bank Tabungan Negara
(Persero) Tbk
ESG Awareness Socialization for Greenhouse gas (GHG) Emission Jakarta, May 2, 2025 PT Bank Tabungan Negara
Calculation (Persero) Tbk
Compliance Excellence, May 2025 Edition – Identification and Jakarta, May 14, 2025 PT Bank Tabungan Negara
Handling of Cash Transactions in the Implementation of AML, CFT, (Persero) Tbk
and CPF Programs
BTN Leadership Forum 3 - 2025 "One Vision, One Team" Jakarta, May 15-16, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Security Awareness, May 2025 Period Jakarta, May 19, 2025 PT Bank Tabungan Negara
(Persero) Tbk
BTN Smart Residence Back Office Administrator Refreshment Jakarta, May 23, 2025 PT Bank Tabungan Negara
Program (Persero) Tbk
Residential Collateral Loan (KAR) Product Socialization Jakarta, June 3, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Compliance Excellence, June 2025 Edition Conflict of Interest Jakarta, June 12, 2025 PT Bank Tabungan Negara
Management (Managerial) (Persero) Tbk
Compliance Excellence, July 2025 Edition (Managerial) – Healthy Jakarta, July 7, 2025 PT Bank Tabungan Negara
Business Competition Compliance Procedures (Persero) Tbk
Internalization of the Respectful Workplace Policy (RWP) Bank BTN Jakarta, July 27, 2025 PT Bank Tabungan Negara
2025 (Persero) Tbk
Compliance Excellence, August 2025 Edition - Data Privacy Jakarta, August 13, 2025 PT Bank Tabungan Negara
Excellence (Managerial) (Persero) Tbk
Security Awareness Internalization Program, August 2025 Period Jakarta, August 20, 2025 PT Bank Tabungan Negara
(Persero) Tbk
BTN Competency Dictionary Socialization 2025 Jakarta, August 25, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Compliance Excellence, September 2025 Edition- Environmental, Jakarta, September 8, 2025 PT Bank Tabungan Negara
Social, and Governance (ESG) Implementation Procedures - (Persero) Tbk
Managerial
Risk Appetite & Risk Tolerance Socialization 2025 Jakarta, September 19, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Internal Control Over Financial Reporting (ICOFR) Technical Jakarta, September 19, 2025 PT Bank Tabungan Negara
Guidelines Socialization (Persero) Tbk
Compliance Excellence, October 2025 Edition – Credit Jakarta, October 3, 2025 PT Bank Tabungan Negara
Documentation Management (Managerial) (Persero) Tbk
Housing Program Credit (KPP) Product Socialization Jakarta, November 10, 2025 PT Bank Tabungan Negara
(Persero) Tbk
Compliance Excellence, November 2025 Edition- Control of Jakarta, November 10, 2025 PT Bank Tabungan Negara
Dormant Account Activation (Managerial) (Persero) Tbk
Compliance Excellence, December 2025 Edition - Consumer Jakarta, December 9, 2025 PT Bank Tabungan Negara
Collection (Managerial) (Persero) Tbk
Legal Awareness on PKPU and Bankruptcy Jakarta, December 16, 2025 PT Bank Tabungan Negara
(Persero) Tbk
2025 Annual Report 797
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08 Corporate Governance
Implementation of Corporate Secretary Duties information or facts that may affect the value of
in 2025 the Company’s securities or investors’ investment
decisions. In addition to the aforementioned
Throughout 2025, the Corporate Secretary has carried information disclosure, the Corporate Secretary
out the following duties and responsibilities: also coordinated the submission of explanations
1. Presentation of Capital Market Developments to the in response to inquiries or requests from the Stock
Board of Directors and Board of Commissioners, Exchange concerning news or information related
including the dissemination of information on the to the Company. Pursuant to Stock Exchange
latest regulations and provisions in the capital Regulation No. I-E, a listed company is required to
market that the Company must comply with. provide a written response to matters raised by the
Several new regulations that have been socialized Stock exchange no later than one (1) trading day
and internalized within the Company's internal after receipt of the request for clarification from the
regulations by the Corporate Secretary include: Stock exchange, whether delivered via facsimile
a. Financial Services Authority Regulation No. 2 or other means of communication. During 2025,
of 2024, dated March 6, 2024, concerning the the Company received a total of 5 (five) requests
Implementation of Sharia Governance for Sharia for clarification from the Stock Exchange and the
Commercial Banks and Sharia Business Units. Financial Services Authority (OJK).
b. Financial Services Authority Regulation No. 30 4. Increased Access to Information to the Public
of 2024, dated December 19, 2024, concerning The Company always makes it easy for stakeholders
Financial Conglomerates and Parent Companies and/ or the public (public) to access information
of Financial Conglomerates. and communicate with stakeholders using a one
c. Financial Services Authority Regulation No. 45 of door policy which is assisted in coordination by the
2024, dated December 27, 2024, concerning the Corporate Secretary. The Company also improves
Development and Strengthening of Issuers and the quality of information delivery to the public by
Public Companies. providing Public Information Disclosure services on
2. Communication program to the capital market the Company’s website, in order to fulfill the following
community together with Investor Relations. The provisions:
method used is as follows: a. Law of the Republic of Indonesia no. 14 of 2008
a. Direct, through the General Meeting of dated April 30, 2008 concerning Openness of
Shareholders and Public Expose. Public Information.
b. Indirect, through Annual Reports, Publication of b. Republic of Indonesia Government Regulation
Financial Reports, and Press Releases. no. 61 of 2010 dated August 23, 2010 concerning
c. Information Disclosure to, among others, Implementation of Law no. 14 of 2008 concerning
shareholders, relevant regulators, and/or the Openness of Public Information.
public. c. Information Commission Regulation no. 1 of 2010
3. Fulfillment of Information disclosure obligations as dated June 7, 2010 concerning Public Information
regulated, among others, in: Service Standards.
a. Financial Services Authority Regulation No. 8/ Apart from publications via the Company’s website,
POJK.04/2015 dated June 25, 2015 concerning the public can also access information about the
Issuer or Public Company Websites, Company through mass media, as well as social
b. Financial Services Authority Regulation No. media consisting of Facebook, X, YouTube and
31/ POJK.04/2015 dated December 22, 2015 Instagram which are managed jointly with the
concerning Disclosure of Material Information or Marketing Communication Division.
Facts by Issuers or Public Companies, 5. Media Relations and Information Access
c. Decree of the Board of Directors of the Indonesian The Corporate Secretary continuously strives to
Stock Exchange No. Kep-00066/BEI/09-2022 maintain strong and constructive relationships
Concerning Amendments to Regulation with the mass media, including electronic media
Number I-E Concerning the Obligation to Submit (television and radio), print media (newspapers and
Information. magazines), and online media. Throughout 2025,
Throughout 2025, the Corporate Secretary submitted the Corporate Secretary issued press releases and
a total of 15 (fifteen) information disclosure reports photo news items with news value for the Company,
to the Financial Services Authority (OJK) and the covering developments in business performance,
Stock Exchange. All such reports were submitted Social and Environmental Responsibility (TJSL), and
within the prescribed timeframe in accordance with the Company’s operational activities. During the
applicable regulations, namely, no later than the year, the Company published a total of 168 (one
end of the second (2nd) business day following the hundred sixty-eight) press releases and 117 (one
issuance of a decision or the occurrence of material hundred seventeen) photo news items.
798 2025 Annual Report
Page 368
PT Bank Tabungan Negara (Persero) Tbk
6. The Corporate Secretary coordinated the organization of Commissioners run in accordance with
of the Company’s General Meeting of Shareholders applicable regulations.
(GMS) in accordance with Financial Services c. Prepare minutes signed by the Directors who
Authority (POJK) No. 15/POJK.04/2020 dated April 20, attend the Directors’ Meeting and the Directors’
2020 concerning the Planning and Implementation Meeting with the Board of Commissioners
of General meetings of Shareholders of Public initiated by the Directors.
Companies. Throughout 2025, the Company held 2 d. Administering minutes of Directors’ Meetings.
(two) General Meetings of Shareholders, namely the Convey the decisions of the Board of Directors
annual General Meeting of Shareholders on March Meeting and the Board of Directors Meeting
26, 2025, and the Extraordinary General Meeting of with the Board of Commissioners to the relevant
Shareholders on November 18, 2025. All stages of Division/Desk/work unit for immediate follow-up..
the GMS were conducted in compliance with the During 2025, the Corporate Secretary coordinated
aforementioned POJK and the Company’s Articles of the implementation of a total of 173 (one hundred
Association, including the notification, announcement, seventy-three) Board of Directors’ meetings, 6 (six)
and convening of the GMS, as well as the submission of Board of Commissioners’ meetings attended by the
minutes and official reports of the GMS. Board of Directors, and 3 (three) Board of Directors’
7. Organizing and Documenting Directors' Meetings and meetings attended by the Board of Commisioners.
Directors' Meetings with the Board of Commissioners, 8. Implementation of Orientation Program for newly
including; appointed members of the Board of Directors and
a. Receive proposed agendas and materials that the Board of Commissioners, namely , Bapak Rully
will be decided at Board of Directors Meetings Setiawan, Bapak I Nyoman Sugiri Yasa, Ibu Hermita,
and Board of Directors Meetings with the Board of Ibu Venda Yuniarti, Bapak Tan Jacky Chen, Bapak
Commissioners from other Divisions/Desk/work Helmy Afrisa Nugroho, Bapak Suryo Utomo, Bapak
units. Dwi Ary Purnomo, Bapak Panangian Simanungkalit,
b. Ensure that the delivery of materials, quorum and Bapak Pietra machreza Paloh, Ibu Ida Nuryanti,
decision making at Board of Directors Meetings Bapak Fahri Hamzah.
and Board of Directors Meetings with the Board
IMPLEMENTATION OF THE DUTIES OF THE CORPORATE SECRETARY AS INFORMATION AND DOCUMENTATION
MANAGEMENT OFFICER (PPID)
Standard Operating Procedure for Public Information Disclosure (SOP KIP)
BTN’s Standard Operating Procedure for Public Information Disclosure (SOP KIP) is comprehensively compiled in
the Technical Instructions of PT Bank Tabungan Negara (Persero) Tbk Number PT.9-AD.1 concerning Submission of
Information to the Public.
Flow of Information Request
Flow of Information Request Objection Progress
Application PPID provides a PPID checks The applicant PPID provides a PPID superiors
to submit a written registration number completeness of submitted a written registration number provided a written
request and records it in the documents (3 days) objection to the and record it in the response
register book PPID superior register book (30 working days)
The applicant
The documents are completes the The document is
complete documents incomplete
(3 working days) Approve Refusal must include
an information
exception decision
The applicant did letter
Done
not complete teh
Documen
Written notification (3 working days) Certificate
(10 working days) + can be Incomplete
extended
(7 working days)
Accepted Rejected
2025 Annual Report 799
Page 369
08 Corporate Governance Management System of Public Information Administration Implementing Public Information services that include the process of storing, documenting, providing, and servicing the Company’s Public Information is the scope of responsibility of the BTN PPID. The close support of technology for the management of Public Information administration is reflected in the form of administrative processes ranging from registration, information requests, written notifications, filing objections to management reports that have been digitally integrated through the BTN PPID Portal. The BTN PPID Portal can be accessed and navigated by the Public easily and free of charge. Facilities and Infrastructure Public Information Service Room is prepared for the public who come directly to the office (face-to-face) in order to obtain Public Information at BTN offices throughout Indonesia. The Company provides supporting service facilities such as service desks, waiting rooms, digital information boards, and services for people with disabilities such as wheelchair ramps. The public will be served by Public Information Service Officers at Branch Offices and PPID Officers at the Head Office. Especially for people with disabilities, they will also be assisted in accessing the BTN PPID Portal through the facilities provided. In addition, the BTN PPID Portal is equipped with sound, color settings, letters, and others. Through official social media such as Instagram, X, Youtube, Facebook, TikTok, and so on. The Company presents the latest Public Information that is easily accessible to the public. Accessibility Requests for information by the public can be submitted through open access for the public provided by the Company. 1. Members of the public may submit information requests in person by visiting the Central PPID Office at BTN Head Office, Menara BTN, 20th Floor, Jalan Gajah Mada Number 1, Central Jakarta, the Public Information Service Room, Menara 2 BTN, Jalan H.R. Rasuna Said Number 1 South Jakarta, or the nearest Branch office in the region of the information requester. 2. Information can also be requested by letter sent to the PPID Head Office and/or the nearest Branch Office. 3. If it is requested via e-mail, it can be sent to csd@btn.co.id. 4. For those who find it easier to communicate by telephone, they can contact the PPID Head Office at 021-6336789 Ext. 2003. 5. Information request can also be sent via the Whatsapp application to 0877-7150-0286. 6. Other information channels that are currently very easy to access are also monitored for follow-up, namely the BTN PPID Portal https://ppid.btn.co.id. and/or via the BTN PPID android application which can be downloaded via the smartphone of the information user. 800 2025 Annual Report
Page 370
PT Bank Tabungan Negara (Persero) Tbk
Human Resources Budget
In accordance with the organizational structure of PPID The Company provides a number of budgets to support
BTN, human resources (HR) at the Head Office and Branch Public Information service activities. In 2025, a budget
Offices of the Company throughout Indonesia have of IDR468,000,000 (Four hundred and sixty eight million
been mapped well, who are also organic employees of rupiah) was provided, which was used to support Public
the Company. In this regard, the HR of PPID BTN Head Information Service Room facilities, Public Information
Office consists of 3 (three) BTN employees with a public Disclosure meeting/socialization activities, making
relations background, while the HR of PPID BTN Branch communication materials such as Public Information
Office consists of a minimum of 3 (three) BTN employees service videos, and supporting activities held together
who are Heads of Branch Offices and Customer Service with the Information Commission of the Republic of
of the Company. To support the implementation of the Indonesia to increase public awareness of Public
responsibilities and duties of each unit, PPID HR receives Information Disclosure and its implementation in the
online learning, socialization, and internalization of Public Company.
Information Disclosure organized by PPID Head Office.
Recapitulation of Public Information Services 2025
BTN PPID Portal and BTN PPID Mobile Apps A total of 52 (fifty-two) public information requests
As the mission of BTN PPID is to provide Public Information were received by the Company and comprehensively
and services through digital innovation, the Company recorded, submitted through both online channels (BTN
is continuously improving the function of the BTN PPID PPID Portal, BTN PPID Mobile Application, and email) and
Portal. In 2025, the BTN PPID Mobile Apps were launched offline channels (written correspondence and in-person
which make it easier for the Public to access Public visits to the office.
Information related to the Company. In addition, the
BTN PPID Portal has been integrated with the corporate
Website so that the Public can visit and navigate all
needs through one digital channel.
Information
Average Time
Applicant Total for Provision of Reason for Rejection
Partially
Information Rejected Granted
Granted
Individual 52 3 - 49 Incomplete application data
Legal Entity 0 7 Working Days 0 - - -
Group 0 0 - - -
In 2025, several information requests could not be fulfilled due to incomplete applicant data. Based on the recapitulation,
it can be concluded that the majority of applicants submitted Public Information Requests through the BTN PPID Portal.
Obstacles in the Implementation of Public Information Services
Throughout 2025, the implementation of Public Information Services encountered several challenges arising from both
internal and external factors. From an internal perspective, differences in service facility standards and layout among
Branch offices remain, resulting in uneven quality and comfort of public information services. In addition, limited
understanding in handling certain cases at the Branch office level may potentially lead to differing interpretations
and, in some cases, service-related disputes.
From an external perspective, some information apllicants continues to submit requests for information that had
already been disclosed through the Company’s official communication channels. This condition requires the active
role of service officers to continuous;y provide explanations in order to enhance public information literacy.
Recommendations and Follow-up Plans for Public Information Services
As part of efforts to enhance the quality and consistency of the implementation of Public Information Services, the
Information and Documentation Management Officer (PPID) has established a number of recommendations and
follow-up action plans to be implemented on an ongoing basis in 2026, taking into account the challenges and
constraints identified in previous periods, as follows:
2025 Annual Report 801
Page 371
08 Corporate Governance
1. To continue improving Public Information Service The Position of The Internal Audit Function in The
facilities and infrastructure at Branch Offices, Organizational Structure
including the fulfillment of accessibility aspects
for persons with disabilities, in order to deliver an The Internal Audit Division (IAD), as the executor of the
equitable and comfortable service experience, internal audit function, operates under the supervision
integrated with the Company’s digital service of the President Director, as stipulated in Technical
concept. Guidelines No.PT.3-A.6, most recently amended on
2. To optimize the development and utilization of the September 3, 2025, concerning the Organizational
BTN PPID Portal and the BTN PPID mobile application, Structure of the Head office, regional Offices, and Branch
accompanied by strengthened public outreach and Offices. In addition, the position of the internal audit
socialization, to broaden access to public information function is also set out in the Internal Audit Charter, as
services and reduce repetitive information requests. regulated under Special Policy No.KK.7-A dated April 27,
3. To enhance the competency and understanding 2023, as most recently amended on October 31, 2023,
of Public Information Service officers at Branch specifically in Chapter II regarding the Structure and
offices through continuous socialization and Position of the IAD, which states that:
training programs, particularly in relation to the 1. Point 1 states that the Internal Audit Division (IAD) is
implementation of Public Information Disclosure an Internal Audit Work Unit (SKAI) in the Company
and the handling of cases and potential information organization whose position is directly under the
disputes. President Director.
4. To strengthen the Company’s active participation 2. Point 2 states that the IAD as referred to in point 1 is
in activities related to public Information Disclosure, led by a Division Head who is directly responsible to
whether organized internally or by authorized the Main Director.
institutions, as part of efforts to improve the quality 3. Point 3 states that the Head of IAD as referred
of information governance. to in point 2 is appointed and dismissed by the
5. To carry out responsive and continuous updates to President Director after obtaining approval from
internal regulations and policies to ensure ongoing the Board of Commissioners by considering the
alignment with prevailing regulatory requirements, recommendations of the Audit Committee and
thereby ensuring legal certainty and optimal quality reporting to the Financial Services Authority.
of Public Information Services for the public.
The Parties Entitled to Appoint and Terminate
The Function of The Internal Audit Division The Head of Internal Audit Vision
The internal audit functions as a strategic business Parties involved in the process of appointing or
partner for the management in optimizing the dismissing the Head of the Internal Audit Division are
implementation of the Company’s Good Corporate the President Director, the Board of Commissioners,
Governance, risk management, and providing assurance and the Financial Services Authority as regulators. The
and recommendation independently and objectively process of appointing or dismissing which describes
on the Company’s internal control. The internal audit the involvement of the several parties referred to is as
function is carried out by the Internal Audit Division (IAD) follows:
through an evaluation process based on the objective 1. The Director conducts a fit and proper test on
risk-based audits and consulting services, especially candidates for the Head of the Internal Audit Division.
those concerning the improvement and refinement of 2. The President Director submits a request for approval
risk management, control, and governance processes. for the appointment/dismissal of the Head of the
This function is carried out through proactive, Internal Audit Division to the Board of Commissioners.
enthusiastic, and dynamic approach by conducting 3. The Board of Commissioners approves or
effective communications, and focusing on business disapproves the appointment and/or dismissal of
and stakeholder’s orientation, understanding the root the Head of the Internal Audit Division.
of the problem about areas with high-risk, emphasizing 4. The Board of Commissioners and the Board of
findings on quality, and recommending practical and Directors submit reports on the appointment/
workable solutions. dismissal of the head of the Internal Audit Division to
the Financial Services Authority as the regulator.
802 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Internal Audit Division Organizational Structure
Internal Audit
(IAD)
Secretary
Deputy Internal
Audit
Fraud Audit Planning, Reporting, IT & Digital IT & Digital IT & Digital
Investigation & Quality System Counterparty & Planning &
General Audit Operations Security
Whistleblowing Assurance Development & Documentation Development
system Audit Audit Audit Audit
Policy
Quality Audit External Audit IT & Digital IT & Digital Security
General Whistleblowing
Assurance Planning Reporting Planning & Operations & Operations &
Conventional System
Internal & System Monitoring & Development Infrastructure Governance
Audit Coordinator Audit Development Audit Audit
Counterparty Audit
General Fraud Quality Audit Policy Internal Audit
Reporting, IT & Digital Data
Sharia Investigation Assurance & Procedure
Monitoring & Advisory Analytics
Audit Audit ISO Audit Development
Documentation
Audit
Cross-
Divisional
Overview &
Root Cause
Analyst
The Profile of The Head of Internal Audit
Hendratno Tri Wibowo
Head of Internal Audit Division
Indonesian Citizen,
Surakarta, May 24, 1974 (
51 years old as of December 2025),
Domicilie in Tangerang Selatan.
Educational Background Work Experience
• Diploma (D3) of Accounting from State College of Accountancy • Auditor/Investigator, Indonesian Audit Board (1995-2010)
(1995) • Fraud Risk Management Division Head, Bank Permata Tbk
• Bachelor degree (S1) of Accounting from Indonesia University (2011-2020)
(1998) • Post Mortem & Forensic Audit (Special Audit) Division Head,
• Master (S2) of Accounting from The University of Queensland, Bank Exim Indonesia (2020-2021)
Australia (2003) • Head of Internal Audit Division, BTN (2021- present)
Certification Legal Basis for Appointment
• Certified Internal Audit Executive (CIAE) • Board of Directors Decree No. 642/DIR/2021 July 26, 2021
• Qualified Internal Auditor (QIA) concerning the Head of the Internal Audit Work Unit of PT Bank
• Risk Management Competency Level 4 (Stage 6) Tabungan Negara (Persero) Tbk
• Banking Professional Certification Institute • Letter of the Board of Commissioners of PT Bank Tabungan
Negara No.60/KOM/ BTN/V/2021 dated May 05, 2021 regarding
Approval of the Proposed Appointment of the Head of the
Internal Audit Division/Head of the Internal Audit Work Unit
(IAWU).
2025 Annual Report 803
Page 373
08 Corporate Governance
Internal Audit Charter 6. Test and evaluate the effectiveness of the
implementation of the internal control system, risk
The Internal Audit Division has been equipped with a management and corporate governance processes
Work Guide called the Internal Audit Charter which in accordance with statutory regulations and the
has been prepared since 2002 and then updated and Company policies.
finalized based on Special Policy No.KK.7-A dated April 7. To carry out inspections and assessments on
27, 2023 as last amended on October 31, 2023 regarding the efficiency and effectiveness in the fields of
the Internal Audit Charter. The Internal Audit Charter is finance, accounting, operations, human resources,
also the basis for the existence and the implementation marketing, information technology, and other
of supervisory duties and responsibilities for IAD. activities;
Therefore, the Internal Audit Charter is disseminated to 8. To compile an audit report and submit the
all employees and other related parties to encourage report to the President Director and the Board of
the effectiveness of the implementation of the internal Commissioners;
audit function. The contents of the Internal Audit Charter 9. To control, analyze, and report the implementation of
are as follows: followup improvements that have been suggested;
1. Internal Audit Division Mission; 10. To cooperate with the Audit Committee;
2. Structure and Position of the Internal Audit Division 11. To develop a program to evaluate the quality of the
3. Scope; internal audit activities;
4. Duties, Responsibilities, and Authorities; 12. To carry out special inspections (audits) if necessary.
5. Independence, Objectivity and Prohibition of
Duplication of Duties and Positions of Internal The Authorities of The Internal Audit Division
Auditors;
6. Code of Ethics and Requirements for Internal Auditors To be able to carry out audit missions, functions and
7. Use of External Party Services in Carrying Out Internal tasks, the IAD has at least the following authorities:
Audits; 1. Access all information, data including but not limited
8. Relationship between the Internal Audit Division and to employee data and resources as well as other
External Auditors or Legal Experts; matters deemed necessary related to their duties
9. Others. and functions.
2. Communicate directly with the Board of Directors,
Duties and Responsibilities of The Internal Audit Board of Commissioners, Audit Committee and/or
Division Sharia Supervisory Board as well as members of the
Board of Directors, Board of Commissioners, Audit
The Internal Audit Division assists the duties of the Committee and/or Sharia Supervisory Board.
President Director and the Board of Commissioners 3. Hold regular and incidental meetings with the
as well as all levels of management in ensuring the Board of Directors, Board of Commissioners, Audit
adequacy of the Company’s internal control system and Committee and/or Sharia Supervisory Board in
providing strategic and constructive suggestions for the connection with the implementation of their duties
management of the Company within the framework of and functions.
implementing good and healthy corporate governance 4. Coordinate its activities with the activities of the
with the following tasks: external auditors.
1. To assist the duties of the President Director 5. Participate in strategic meetings..
and the Board of Commissioners in carrying out
supervision by elaborating operationally in planning, Personnel Composition of The Internal Audit
implementing, and monitoring audit results. Division
2. To make analysis and assessments in the terms of
finance, accounting, operations, and other activities The Company places strong emphasis on the
through onsite audits and off-site monitoring, adequacy of the composition of personnel within
including conducting management audits of all the the Internal Audit Division in supporting the effective
Company’s work units; performance of its duties, in terms of the number of
3. To identify all possibilities to improve and increase personnel, job qualifications, and competencies. As of
the efficiency of the use of resources and funds. December 2025, the Internal Audit Division comprised
4. Provide suggestions for improvement and objective a total of 67 (sixty-seven) personnel, led by 1 (one)
information about the activities examined at all Division Head, consisting of 33 (thirty-three) personnel
levels of management. in the General Audit Department, 4 (four) personnel
5. Prepare and implement the Annual Internal Audit in the Fraud Investigation & Whistleblowing System
plan and budget allocation for implementing the Department, 6 (six) personnel in the quality Assurance
internal audit function Department, 5 (five) personnel in the Audit Planning,
804 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
System Development & Policy Department, 7 (seven) personnel in the Reporting, Counterparty & Documentation Audit
Department, 4 (four) personnel in the IT & Digital Planning & Development Audit Department, and 3 (three) personnel
in the IT & Digital Seccurity Audit Department.
The following is the composition of the Internal Audit Division personnel based on education
25 1 3 3 20 17 5 5 4 7 1 6 4 1 1 1 1 1 5 5 11 11 1 1 5 3 1 6 7 2 1 1
20
15
10
5
0
D3 Manajemen
S1 Administrasi
S1 Akuntansi
S1 Ekonomi Pembangunan
S1 Hukum
S1 Keuangan
S1 Manajemen
S1 Matematika
S1 Perikanan
S1 Pertanian
S1 Teknik
S1 TI & Sistem Informasi
S2 Ekonomi Syariah
S2 Akuntansi
S2 Hukum
S2 Manajemen
S2 TI & Ilmu Komputer
S2 STEM Education
2024 2025
Internal Audit Division Competency Improvement Program
Each IAD member is facilitated and encouraged to develop their competence in supporting the implementation of
the internal audit function. Competency development is carried out by means of knowledge sharing between the
Head of IAD, Directors, and auditors on Internal Policies and Procedures, certification programs, education and training,
workshops and seminars. Throughout 2025, competency development was carried out through various internal and
external training programs, including the following:
Internal Audit Division Personnel Competency Development Table
Total
No Name of Training/Education Fasilitator Implementation
Participant
CERTIFICATION
1 Competency Test for Certified Forensic Fraud Auditing Development Institute January 20, 22, 2025 2
Auditor (CFrA) (LPFA)
2 Qualified Internal Auditor (QIA) Internal Audit Education Foundation January 20 - 1
Training- Basic (YPIA) February 5, 2025
3 Qualified Internal Auditor (QIA) Training Internal Audit Education Foundation January 20 - 12
- Advanced (YPIA) February 5, 2025
4 Qualified Internal Auditor (QIA) Internal Audit Education Foundation January 20 - 6
Training- Managerial (YPIA) February 3, 2025
5 Banking Risk Management Certification Bank BTN & LSP LSPP February 7, 10, and 1
Preparation and Competency Test- 14, 2025
Qualification Level 5
6 Banking Risk Management Certification Bank BTN March 17-18, 2025 2
Preparation Qualification Level 4
2025 Annual Report 805
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08 Corporate Governance
Total
No Name of Training/Education Fasilitator Implementation
Participant
7 Qualified Internal Auditor (QIA) Internal Audit Education Foundation June 2-17, 2025 1
Training- Basic (YPIA)
8 Certified Internal Audit Executive (CIAE) Financial and Development Supervisory June 30 - July 11, 2
Training Agency (BPKP) 2025, July 14-18, 2025
9 Certified Fraud Examiner (CFE) Training Association of Certified Fraud Examiner August 4-8, 2025 1
(ACFE)
10 Banking Risk Management Certification Bank BTN & LSP LSPP August 25-26, 2025, 7
Preparation and Competency Test- February 14, 2025
Qualification Level 4
11 Forensic Auditor Profession Indonesia Forensic Auditor Association October 28-30, 2025, 1
(CFrA) Certification Preparation & (AAFI) November 1-2, 2025
Competency Review
12 Banking Risk Management Certification Bank BTN & LSP LSPP November 11, 19, 2025 4
Preparation and Competency Test-
Qualification Level 4
TRAINING AND WORKSHOP
1 BTN Business Process Refreshment Bank BTN January 7-20, 2025 74
Training
2 IT Change & Release Management PT Cynnex Integrasi Solusi January 6, 8, and 9, 10
Training 2025
3 NIST Cybersecurity Framework Training PT Cynnex Integrasi Solusi January 10, 13, and 11
14, 2025
4 IT Sharing Session Bank BTN January 15, 16, 2025 11
5 Pre-Retirement Training 2025 - Batch 1 Bank BTN January 18, 23, and 1
24, 2025
6 Mastering Excellent Public Speaking Talk Inc February 5, 2025 20
Skills for Auditors Training
7 General Internal Control over Financial KAP Rintis, Jumadi, Rianto & Rekan (PwC) February 6-7, 2025 25
Reporting (ICoFR) Training
8 Expert Sharing Session: Values Pandu Patria Sjahrir February 7, 2025 1
Creation- Win The Market with Digital
Leadership and Customer Centricity
9 Personal Data Protection Training PT Cynnex Integrasi Solusi February 10, 11, 2025 11
10 Critical Fraud Points Identification Lembaga Pengembangan Fraud February 10, 11, 2025 15
in Procurement & Supply Chain Auditing (LPFA)
Management Corporate Sector
11 Specialized Internal Control over KAP Rintis, Jumadi, Rianto & Rekan (PwC) February 12, 2025 14
Financial Reporting (ICoFR) Training
12 Fundamentals of Treasury Operations Alta Perfecto February 13, 14, 2025 15
from Audit Perspective Training
13 Fundamental of Trade Finance from Alta Perfecto February 17, 18, 2025 15
Audit Perspective Training
14 Internal Control over Financial Ministry of State-Owned Enterprises February 18, 19, 2025 3
Reporting (ICoFR) Training
15 Refreshment Training on APU, PPT, dan Educzation adn Training Center February 19, 2025 1
PPPSPM Program Implementation (Pusdiklat) APUPPT
16 Data Analytics: Advance Financial OJK Institute February 26, 27, 2025 1
Analytics Training
17 "Finding and Keeping Whistleblower LPPSP University of Indonesia March 13-14, 2025 2
Mechanism for Effective Anti-Fraud
Workshop
806 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Total
No Name of Training/Education Fasilitator Implementation
Participant
18 Basic islamic Banking Education (PDPS) Indonesia Banking Development March 19-20, 2025 3
Institute (LPPI)
19 Powerpoint Presentation Skill Design PT Artistik Salindia Lima April 21-22, 2025 1
and Data Storytelling Skill Training
20 Workshop Digital Forensic di Sektor OJK Institute April 28-30, 2025 1
Jasa Keuangan
21 BTN Leadership Forum 2025 Bank BTN May 16, 2025 1
22 Fraud Auditing Training Level 2 Fraud Auditing Development Institute May 20-23, 2025 1
(LPFA)
23 BSE Masterclass "Global Trade BUMN School of Excellence (BSE) May 28, 2025 1
Tensions: Turning Crisis into
Opportunity"
24 Islamic Banking Internal Audit Training IAIB dan Muamalat Institute June 11, 2025 10
25 Training on the Preparation of RACI Indonesian Banking Education Institute June 16, 2025 2
Matrix for Internal Regulations (LPPI)
26 KPK RI Investigation Training KPK RI dan FKSPI June 23-26, 2025 3
27 National Anti Fraud Conference (NAFC) Association of Certified Fraud Examiners June 25-26, 2025 3
2025 (ACFE)
28 Internal Audit Conference (KAI) and Internal Audit Education Foundation July 2-4, 2025 3
FKSPI National Congress (YPIA)
29 Pre-Retirement Training Program 2025 Bank BTN July 12-13, 2025 1
- Batch 2
30 Basic Islamic Banking Training (PDPS) Indonesian Banking Development July 23-24, 2025 4
Institute (LPPI)
31 Workshop on Quality Assessment Internal Audit Education Foundation July 28-29, 2025 3
"Evaluating Internal Audit Effectiveness" (YPIA)
32 IIA National Conference Institute of Internal Auditors (IIA) August 27-28, 2025 4
33 Secretary Excellence Program: PT Trikata Esa Karsa (Talk Inc) September 12-13, 1
Developing Interpersonal Skills for 2025
Secretary Training
34 OJK Webinar : "The Role of Digital OJK Institute October 16, 2025 5
Forensics in the Handling and
Disclosure of Financial Crimes"
35 Business Acumen Training Mr. Ryan Kiryanto (Independent October 17, 2025 3
Commissioner of Bank DKI)
36 Business Acumen for Strategic Mr. Yudo Anggoro (Director of Center for November 04, 2025 2
Allignment Training Policy and Public Management SBM ITB)
37 Expert Tallk Session "Human Capital Mr. Agus Dwi Handaya (Managing November 7, 2025 11
as a Catalyst for Sustainable Business Director Human Capital HO Danantara)
Growth"
38 ESG & GRC and Data Analytic Training Mr. Jerry Marmen (President November 10, 2025 3
Commissioner of Kookmin Bank)
and Mr. Lucky Herviana (Chief Digital
Transformation Officer PT CRIF Financial
Information Agency)
39 Digital Business Transformation Dr. Sahat Hutajulu (Lecturer at SBM ITB) November 11, 2025 2
Training
40 Macroecomics Outlook & Strategic Mr. Mulya Amri (Executive Director of November 18, 2025 2
Impact Training Kadin Indonesia)
2025 Annual Report 807
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08 Corporate Governance
Professional Certification of The Internal Audit Division
The number of Internal Audit Division personnel’s certification for the position of December 2025 is as follows:
Total Certifications
66 66 54 46 7 3 2 1 4 4 1 1 3 2 2 1 2 2 3 2 5 3
80
70
60
50
40
30
20
10
0
SMR
QIA
CFRA
CA
CIAE
CFE
CISA
COF
ISO 37001:2016
ISO 9001:2015
ITIL
2024 2025
Notes:
SMR (Risk Management Certification), QIA (Qualified Internal Auditor), CFrA (Certified Forensic Auditor), CA (Chartered Accountant), CIAE (Certified Internal
Audit Executive), CFE (Certified Fraud Examiner), CISA (Certified Information System Auditor) COF (Certified Oxygen Forensic), ISO 37001:2016 (Anti-Bribery
Management System), ISO 9001:2015 (Quality Management System), ITIL Foundation Certificate in IT Service Management.
In addition to personnel development through 2. Objectivity
professional certification programs and competency- a. Not involved in activities or have a relationship
based training, IAD also actively participates as a that will reasonably be expected to hinder the
member of professional internal audit associations, Internal Auditor's fair assessment. This includes
including The Institute of Internal Auditors (The IIA), any activities or relationships that result in a
Association Certified Fraud Examiner (ACFE) Indonesia conflict of interest.
Chapter, and other relevant professional organizations. b. To not accept anything that has an impact or
is suspected to have an impact on professional
Code of Conduct of The Auditors judgment.
c. Must disclose all material facts known to him,
The Internal Audit Code of Conduct is the norms and which if not disclosed could distort the report on
principles regarding decency and appropriateness that the activities being reviewed..
must be complied with and implemented by internal 3. Confidentiality
auditors, which at least includes the internal audit a. To be careful in using and maintaining the
code of conduct as stipulated by the internal audit information obtained in the performance of
professional association, as follows: duties.
1. Integrity b. To not use information for the benefit of anyone
a. To perform their duties honestly, carefully, and/or in any way that would be against the laws
responsibly, and thoroughly. and/or the Company’s regulations.
b. To comply with the law and make disclosures in 4. Competency
accordance with statutory regulations and the a. To carry out tasks in accordance with the
profession. knowledge, skills, and experience only.
c. To not intentionally/knowingly engage in b. To carry out audits in accordance with Internal
prohibited/ illegal activities, do not take actions Audit Professional Standards.
that could undermine the credibility of the c. To improve expertise, effectiveness, and quality
Internal Audit and the internal audit profession. continuously
d. To respect and support the organization's .
legitimate and ethical goals.
808 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Brief Report on The Implementation of Internal INTERNAL AUDIT WORK PLAN
Audit Activities in 2025
The Internal Audit Division’s Work Plan is set out in
In 2025, the Internal Audit Division (IAD) has prepared the Annual Audit Plan document with a one-year
an audit work plan or program and carried out audit implementation period. The Annual Audit Plan for 2025
activities in accordance with the plans that have been was approved by the President Director through Memo
prepared. The work program plan includes the nature No.179/M/IAD/APSP/XII/2024 dated December 18, 2024,
and scope of the audit, risk assessment, composition and by the Board of Commissioners through Letter
and number of the audit team personnel, standard No.33/KOM/BTN/II/2025 dated February 19, 2025, as
effective of audit work days, length of standard audit last amended based on the approval of teh President
days, required number of personnel and qualifications Director through IAD No.109/M/IAD/APSP/X/2025 dated
for IAD members, and IAD personnel development. October 23, 2025 and the approval of the Board of
Commissioenrs through Letter No.215/KOM/BTN/XII/2025
dated December 22, 2025 concerning the Approval of
Amendments to the 2025 Annual Audit Plan (AAP).
In general, the Internal Audit Work Plan for 2025 is as follows:
Table of the Internal Audit’s Work Plan
Amount Change
Audit Object Information
2025 2024 +/- %
A. General Audit 71 72 -1 -1,38
B. Audit ICT 20 18 2 -11,11
C. Special Audit 0 0 0 0 There is no scheduled planning for the
implementation of special audits/investigations in
2025, will follow assignments from stakeholders and
the whistleblowing system.
D. Quality Audit 27 31 -4 -12,90
Number of Audit Objects 118 121
IMPLEMENTATION OF THE INTERNAL AUDIT DIVISION WORK PROGRAM
During the period January to December 2025, the Internal Audit Division carried out audit activities with audit objects
which include:
A. General Audit comprises:
1. Operational Audits of the office network, including Branch Offices (KC), Sharia Branch Offices (KC Syariah), and
Regional Offices.
2. Thematic Audits focusing on specific themes, particularly related to the role of the division in supporting the
achievement of the Company’s goals and objectives.
3. Mandatory Audits conducted in accordance with regulations issued by the regulators.
B. Information and Communication Technology (ICT) Audit comprises:
1. Operational Audits of IT functions in the first line, including planning, operations, and security.
2. Thematic Audits, focusing on specific themes, particularly related to the role of the division in supporting the
achievement of the Company’s goals and objectives
3. Mandatory Audits conducted in accordance with regulations issued by the regulators.
C. Special Audits conducted in relation to alleged fraud or for specific purposes.
D. Quality Audits of work units within the Internal Audit Division in accordance with the International Standards for the
Professional Practice of Internal Auditing and ISO 9001:2015 (Quality Management System).
2025 Annual Report 809
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08 Corporate Governance
The following are details of the audit implementation during the period January to December 2025:
Table of Realization of the Internal Audit Work Program
No Description Target Realization % Achievement
A General Audit 71 71 100,00%
B Audit ICT 20 20 100,00%
C Special Audit 0 8 100,00%
D Quality Audit 27 28 103,70%
TOTAL 118 118 107,63%
Audit activities during the period of January to December 2025 resulted in 847 audit findings as presented in the
following graph of audit findings for the last 5 (five) years:
Total Findings
2817 1588 1027 659 847
3000
2500
2000
1500
1000
500
0
2021 2022 2023 2024 2025
MONITORING THE AUDIT RESULTS FOLLOW-UP
Follow-up on audit findings is carried out by the auditee. The results of the follow-up implementation are reported to
the Head of IAD and then evaluated to see whether the follow-up is in accordance with the intended purpose. Followup
that has been completed will be declared “completely followed-up” and informed to the auditee and the Board of
Directors. Meanwhile, follow-up actions that have not been completed and remain classified as “pending items” are
required to be finalized by the auditee, along with the necessary explanations. These pending follow-up actions are
reported by the Head of IAD to the Board of Directors. As of December 2025, follow-up actions have been carried out on
audit findings resulting from audits conducted in 2022, 2023, 2024, and 2025. A summary of the audit follow-up status
is presented in the following table:
810 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Table of Follow-Ups of the Audit Results Based on Due Date for Completion
Completed Not Yet Due % The
Total Completion
No Audit Results
findings Not yet of readiness
Total % due
due of Findings
1 2 3 4 5=4/3 6 7 8=4/(4+7)
I INTERNAL AUDIT DIVISION
I.1 Year 2025
General Audit of Branch Office (KC) 352 344 97,73% 6 2 99,42%
General Audit of Sharia Branch Office (KC 110 110 100,00% 0 0 100,00%
Syariah)
General Audit of Divisions and Regional Offices 247 67 27,13% 179 1 98,53%
ICT Audit 138 109 78,99% 29 0 100,00%
Sub Total 847 630 74,38% 214 3 99,53%
I.2 Year 2024
General Audit of Branch Office (KC) 358 358 100,00% 0 0 100,00%
General Audit of Sharia Branch Office (KC 109 109 100,00% 0 0 100,00%
Syariah)
General Audit of Divisions and Regional Offices 133 133 100,00% 0 0 100,00%
ICT Audit 81 81 100,00% 0 0 100,00%
Sub Total 681 681 100,00% 0 0 100,00%
I.3 Year 2023
General Audit of Branch Office (KC) 558 558 100,00% 0 0 100,00%
General Audit of Sharia Branch Office (KC 169 169 100,00% 0 0 100,00%
Syariah)
General Audit of Divisions and Regional Offices 162 162 100,00% 0 0 100,00%
ICT Audit 138 138 100,00% 0 0 100,00%
Sub Total 1027 1027 100,00% 0 0 100,00%
I.4 Year 2022
General Audit of Branch Office (KC) 908 908 100,00% 0 0 100,00%
General Audit of Sharia Branch Office (KC 217 217 100,00% 0 0 100,00%
Syariah)
General Audit of Divisions and Regional Offices 337 337 100,00% 0 0 100,00%
ICT Audit 134 134 100,00% 0 0 100,00%
Sub Total 1596 1596 100,00% 0 0 100,00%
Total Internal Commitment 4151 3934 94,77% 214 3 99,92%
II EXTERNAL COMMITMENT
II.1 The Financial Services Authority (OJK)
General OJK Examination Result Report (KHP) 203 203 100,00% 0 0 100,00%
Tahun 2022
General OJK Examination Result Report (KHP) 246 246 100,00% 0 0 100,00%
Tahun 2023
General OJK Examination Result Report (KHP) 446 444 99,55% 2 0 100,00%
Tahun 2024
General OJK Examination Result Report (KHP) 205 68 33,17% 137 0 100,00%
Tahun 2025
Total OJK Commitments 1100 961 87,36% 139 0 100,00%
II.2 Bank Indonesia
Thematic Examination Result Report (KHP) on 52 52 100,00% 0 0 100,00%
Integrated Balance Sheet Reporting (LBUT) 2022
Payment Systems Examination Result Report 77 36 46,75% 41 0 100,00%
(KHP) 2025
Total BI Commitments 129 88 68,22% 41 0 100,00%
2025 Annual Report 811
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08 Corporate Governance
Completed Not Yet Due % The
Total Completion
No Audit Results
findings Not yet of readiness
Total % due
due of Findings
1 2 3 4 5=4/3 6 7 8=4/(4+7)
II.3 Audit Board of the Republic of Indonesia (BPK RI)
Audit Result Report (LHP) on SBK and SBUM 2022 52 42 80,77% 0 10 80,77%
Audit Result Report (LHP) on the Management of 137 12 8,76% 125 0 100,00%
Commercial, Investment, and Operational Credit
2023
Audit Result Report (LHP) on SBK and SBUM 2024 7 0 0,00% 7 0 100,00%
Audit Result Report (LHP) on Revenue and 54 0 0,00% 54 0 100,00%
Expenses 2024
Total BPK RI Commitments 250 54 21,60% 186 10 84,38%
II.4 Finance and Development Supervisory Agency
Review of National Economic Recovery (PEN) Fund 3 3 100,00% 0 0 100,00%
Placement 2022
Review of Social Assistance Programs (PKH, Basic 3 3 100,00% 0 0 100,00%
Food Program, and Cash Transfers/ BLT 2022
Review of the P3DN Program in support of the 16 16 100,00% 0 0 100,00%
Proudly Made in Indonesia (BBI) Initiative 2022
Review of Social Assistance Programs (PKH, Basic 2 2 100,00% 0 0 100,00%
Food Program) for the period 2019 to 2022
Evaluation of performance and Financial 9 7 77,78% 2 0 100,00%
Accountability 2024
Total BPKP RI Commitments 33 31 93,94% 2 0 100,00%
II.5 Public Accounting Firms (KAP)
Management Letter on Interim Financial 65 65 100,00% 0 0 100,00%
Statements as of June 30, 2022
Management Letter on Interim Financial 72 72 100,00% 0 0 100,00%
Statements as of December 31, 2022
Management Letter on Interim Financial 80 80 100,00% 0 0 100,00%
Statements as of December 31, 2023
Management Letter on Interim Financial 104 104 100,00% 0 0 100,00%
Statements as of December 31, 2024
Management Letter on Interim Financial 62 54 87,10% 8 0 100,00%
Statements as of June 30, 2025
Total KAP Commitments 383 375 97,91% 8 0 100,00%
II.6 PWC
Internal Audit Function Quality Assessment 17 17 100,00% 0 0 100,00%
Services 2023
Total PWC Commitments 17 17 100,00% 0 0 100,00%
Total External Commitments 1912 1526 79,81% 376 10 99,35%
Total Internal and External Audit Commitments 6063 5460 90,05% 590 13 99,76%
812 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
THE IMPLEMENTATION OF MEETINGS OF THE INTERNAL AUDIT DIVISION WITH THE BOARD OF DIRECTORS AND THE AUDIT
COMMITTEE
Referring to the Internal Audit Charter, the internal audit division has the authority to hold regular and incidental meetings
with the Board of Directors, the Board of Commissioners, and the Audit Committee in relation to the implementation of
its duties and functions. During 2025, meetings of the Board of Directors and the Board of Commissioners involving the
internal audit division were held with various agendas as outlined in the following table:
Implementation of Internal Audit Division Meetings with the Board of Directors
No Date Renaming Agenda
1 February 4, 2025 Kick Off for the Enhancement of the Standard Policy on Outsourced Personnel (TAD) Management
2 February 10, 2025 Kick Off Meeting on the Implementation of the 2025-2029 Corporate Long-Term Plan (RJPP) and
the 2025-2029 GRC Roadmap
3 February 21, 2025 Directorate Working Meeting
4 February 27, 2025 Discussion on OJK Regulation (POJK) Number 30 of 2024 on Financial Conglomeration and
Financial Conglomerate Holding Companies
5 April 29, 2025 Town Hall Meeting on the Board of Directors’ Direction for Performance Improvement in 2025
6 July 3, 2025 2025 Business Review
7 August 8, 2025 Operational Risk Forum
8 October 2, 2025 Human Capital Summit 2025
Meetings of the Internal Audit Division with the Board of Commissioners/ Audit Committee
No Date Agenda
1 January 9, 2025 Discussion on the 2025 Annual Audit Plan
2 February 3, 2025 Discussion on External Audit Results
3 February 6, 2025 Closing Meeting of the 2024 Financial Statements Audit
4 February 17, 2025 Discussion on IAD Activity Report up to Quarter IV 2024
5 March 10, 2025 Management Letter for Fiscal Year 2024
6 May 7, 2025 Discussion on IAD Activity Report for Quarter I 2025
7 June 13, 2025 Discussion on Anti-Fraud and Investigation Strategy
8 July 14, 2025 Discussion on End-to-End Case Handling
9 July 22, 2025 Discussion on Follow-up of Internal and External Audit Findings
10 August 12, 2025 Discussion on IAD Activity Report for Quarter II 2025
11 September 18, 2025 Discussion on External Audit Results
12 September 30, 2025 Discussion on Follow-up Actions on External Audit Examination
13 November 12, 2025 Discussion on Internal Audit Results for Quarter III 2025
14 December 16, 2025 Discussion on the 2026 Annual Audit Plan
Assurance Review of Internal Audit
Since December 2017, the Internal Audit Division of the Company has succeeded in upgrading the ISO 9001:2008 quality
standard to ISO 9001:2015. Periodically, surveillance audits have been carried out by external auditors to assess the
Internal Audit Division’s compliance with the ISO 9001: 2015 quality standard.
2025 Annual Report 813
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08 Corporate Governance
Table of Surveillance Audit Implementation for ISO 9001:2008 and ISO 9001:2015 Certification
No External Audit Year Description
1 PT SGS 2023 The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit
2 PT SGS 2024 The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit
3 PT SGS 2025 The implementation of surveillance audit for ISO 9001:2015 certification by PT SGS External Audit
The review of the implementation of the bank’s internal audit function as regulated in OJK Regulation No.01/
POJK.03/2019 in assessing the conformity of the internal function with regulations, standards and codes of ethics, as
well as efficiency and effectiveness has been carried out by a minimum of 3 (three) independent assessors. ) once a
year with the following description:
Table of Independent Assessors Regarding Assessment of Audit Implementation
No External Audit Year Description
1 PT Deloitte Touche Tohmatsu 2018 The implementation of the gap analysis review process for policies,
procedures, and methodologies as well as the implementation of audits
of SPFAIB best practices every 3 years by the External Auditor.
2 PT KPMG Sidharta Advisory 2020 The implementation of the gap analysis review process for policies,
procedures, and methodologies as well as the implementation of audits
of SPFAIB best practices every 3 years by the External Auditor.
3 PT PricewaterhouseCoopers (PWC) 2023 The implementation of the gap analysis review process for policies,
procedures, and methodologies as well as the implementation of audits of
best practices for the Standards for Implementing Internal Audit Functions
in Commercial Banks every 3 years by the External Auditor
Risk Management Work Unit The Company’s risk governance which is based on the
principles of Good Corporate Governance is realized from
Risk Management & ESG Work Unit and Operational the involvement of all Company organs in managing risk
and Digital Risk Management Work Unit is a work unit management. This can be seen from the composition of
that reports directly to the Director in charge of the Risk the company’s risk management organization. The Board
Management function and operates independently of Commissioners and Directors are responsible for
from operational work units as risk-taking units, the ensuring that the implementation of Risk Management
Internal Audit Division, and the Compliance Unit. The is adequate in accordance with the characteristics,
Bank’s Risk Management function consists of the Risk complexity and risk profile of the company. The Board
Management & ESG Unit and the Operational and Digital of Commissioners and Directors play an active role in
Risk Management Unit. The Bank’s risk governance, the risk management process in order to mitigate the
which is based on the principles of Good Corporate company’s risks through the Quality of Risk Management
Governance (GCG), is reflected in the involvement of Implementation which includes risk governance, risk
all organs of the Company in the implementation of risk management framework, risk management process,
management. This is evident from the organizational adequacy of human resources, and the adequacy of
structure of the Company’s risk management function. the risk management information system, as well as the
adequacy of the control system risk.
The Board of Commissioners through Risk Monitoring
Committee meetings and the Board of Directors Risk Management Unit Structure
through Risk Management Committee meetings are
responsible for ensuring that the implementation of The Risk Management Unit (SKMR) of the Company
Risk Management is adequate in accordance with consists of Enterprise & ESG Risk Management Division
the characteristics, complexity and risk profile of the (ERMD) and Digital & Operations Risk Management
company. The Board of Commissioners and Directors Division (DORD), each led by a Division Head who is
play an active role in the risk management process directly responsible to the Risk Management Director.
in order to mitigate the company’s risks through the The organizational structure of the Enterprise & ESG
Quality of Risk Management Implementation including Risk Management Division consists of the Market &
risk governance, risk management framework, risk Liquidity Risk Management Department, Credit Risk
management process and the adequacy of the Management Department, Integrated Risk Management
management information system as well as the Department, ESG Department, Model Validation, and
adequacy of the internal control system. Model Development.
814 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Enterprise & ESG Risk Management
(ERMD)
Secretary
Enviromental,
Integrated Risk Credit Portofolio Market & Liquidity Model Model
Social &
Management Risk Management Risk Management Development Validation
Governance
Framework
Model
& Strategy Strategic Risk SME Risk Market Risk Model Validation
Development
Development
Policy &
Risk Culture Wholesale Risk Liquidity Risk
Implementation
Data Reporting & Market Middle
Sharia Risk Consumer Risk
Communication Office
The Credit Portfolio Risk Management Department Model Validation serves to validate and test risk models
functions to ensure the effectiveness of the company's to ensure that the models are accurate, reliable, and
Credit Risk management, which focuses primarily on comply with applicable regulations. In addition, it also
providing credit or housing financing, whose asset plays a role in ensuring that the management of each
portfolio is dominated by Home Ownership Credit (KPR) risk is managed in accordance with the ISO 9001:2015
which is influenced by changes in the external business Quality Management Standard.
climate.
The Model Development function is responsible for
The Market & Liquidity Risk Management Department developing and maintaining risk models used by the
functions to ensure the effectiveness of Market Risk Company to support effective risk management in
and Liquidity Risk management which, among others, compliance with applicable regulations. Development
establishes a plan that will be carried out if the activities include the design of methodologies, data
Company experiences financial stress conditions that processing, and the application of statistical and
can jeopardize business continuity. analytical techniques to ensure that the models
accurately reflect the Bank’s risk profile. In addition,
The Integrated Risk Management Department ensures Model Development conducts periodic calibration and
the effectiveness of strategic risk management and enhancement of models to ensure their continued
coordinates the implementation of risk management on relevance amid changes in market conditions,
both an individual and consolidated basis in accordance portfolio characteristics, and regulatory requirements.
with applicable regulations and best practices, including This function also supports the integration of risk
its role in the Company’s strategic planning and in models into business decision-making processes,
supporting decision-making to enhance shareholder risk measurements, and strategic planning, thereby
value and strengthen investor confidence. enhancing the quality of risk management and
supporting the Company’s business sustainability.
The ESG Department functions to ensure that all of the
Bank’s programs and business activities are aligned The Organizational Structure of Digital & Operations
with the Company’s ESG Roadmap & Framework Risk Management Division (DORD) consists of Fraud Risk
and the Sustainable Development Goals (SDGs). The Management Department, Digital Risk Management
formulation of strategies, policies, and oversight is Department, Operational Risk Management Department,
carried out over business and operational activities to Regional Operational Risk Control Department, and
support the achievement of sustainable development Operational Risk Control Department.
objectives, including those related to environmental
impact management, addressing social issues, and
maintaining responsible and ethical governance
standards in banking operations.
2025 Annual Report 815
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08 Corporate Governance
Structure of Operational and Digital Risk Management Unit
Digital & Operations
Risk Management (DORD)
Regional Office
Secretary
Regional
Fraud Risk Digital Risk Operational Risk Operational Risk Regional
Operational Risk
Management Management Management Control Business Control
Control
Digital Risk, Regional Regional
Fraud Strategy & Governance, Operational Risk Operational Risk
Operational Risk Business Control
Prevention Monitoring and Development Control Analyst
Control Analyst Supervisor
Reporting
Fraud Branch
Operational, Digital Risk Operational Risk
Business
Detection & Assesment Assesment
Control
Investigation
CBC Business
Fraud Call Control
Transaction & RLPC Business
Application Rules Control
Model Analyst
Regional
Fraud Monitoring Business Control
& Recovery Officer
The Fraud Risk Management Department functions to The Regional Operational Risk Control Department
coordinate and monitor the process of developing and serves as a control tower for overseeing and evaluating
formulating, implementing, and reviewing the Anti- the implementation of internal controls at Branch Offices
Fraud Strategy, including the Fraud Risk Appetite, Risk (KC) and Commercial Banking Centers (CBC) conducted
Tolerance, and risk limits in accordance with regulatory by Branch Business Control (BBC) and Commercial
requirements and business needs, as well as to prepare Banking Center – Business Control (CBCBC), which are
reports on the implementation of the Anti-Fraud monoline organs within the Regional Office.
Strategy.
The Operational Risk Control (ORC) Department acts as
The Digital Risk Management Department is responsible a 1.5th line of model and performs the operational risk
for ensuring the effectiveness of IT, Digital, and Cyber control function for Risk Owner and Risk Manager Units
risk management related to the technological solutions at the Head Office. The ORC Department comprises
used by the company to achieve secure and reliable Operational Risk Control Retail Banking, Operational Risk
technology services. There are six risk domains covered: Control Wholesale Banking, Operational Risk Control
Information and Cyber Security risk; IT Service Delivery, Risk & Assets Management, Operational Risk Control
Resilience, and Continuity risk; IT Third-Party risk; Data Operation & Human Capital dan Operational Risk Control
Quality and Data Privacy risk; IT Project Delivery risk; Loan Factory, which is specifically responsible for the
and IT Regulatory Compliance risk. Risk management identification and analysis of consumer credit business
is carried out through a framework that aligns with processes that have an impact on operational risk.
industry best practices and is integrated with the IT
service lifecycle to achieve optimal results. Since 2015, the implementation of management
activities has implemented and obtained ISO 9001:2008
The Operational Risk Management Department certification which was upgraded to ISO 9001:2015 in
ensures the overall effectiveness of operational risk May 2018. Certification is also continuously maintained
management for the bank, including coordinating every year and an annual audit is carried out on the
with the Operations Risk Controller Management and implementation of ISO 9001:2015 certification while
Digital Risk Management. Additionally, it also manages continuing to strengthen commitment to continue
Business Continuity Management (BCM) bankwide to working in accordance with implemented quality
manage operational risks from external factors. standards by making continuous improvements,
816 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
fostering a risk culture and encouraging the manage new activities and/or products including
implementation of effective risk management at all the completeness of the systems and procedures
levels of the company's organization and business used and their impact on the Company’s overall risk
activities in accordance with applicable regulations exposure.
9. Performing Internal Control Testingto ensure the
Currently ISO 9001:2015 has been used by various availability of more accurate reports, enhance
organizations throughout the world, which can help compliance with applicable regulations, reduce
them run more efficient and profitable operations. ISO financial impacts/losses, deviations, including fraud,
9001:2015 provides a framework for more consistent and violations of prudential principles.
business performance, excellent service and continuous 10. Provide recommendations to business work
improvement over a long period of time. ISO 9001:2015 units and/or to the Risk Management Committee
provides many advantages and capabilities in terms of regarding the implementation of Risk Management,
business scale in recent years. This standard is a very including regarding the amount or maximum risk
helpful tool in company development and makes the exposure that can be maintained and carry out
Bank BTN organization more resilient. escalations as needed.
11. Evaluate the accuracy and validity of data used by
Duties and Responsibilities of The Risk the Company to measure Risk for Company's that
Management Work Unit use models for internal purposes.
12. Prepare and submit Risk profile reports to Regulators,
The Risk Management Work Unit is a work unit that is Board of Commissioners, Directors and Risk
directly responsible to the Director who oversees the Management Committee periodically or at least
Risk Management function and is independent of the quarterly. The frequency of reports is increased if
Operational Work Unit which is a risk-taking unit, the market conditions change rapidly.
Internal Audit Work Unit and the Compliance Work Unit. 13. Carry out regular reviews with a frequency adjusted
The responsibilities of the Risk Management Work Unit to the Company’s needs, to ensure: a. adequacy of
include: the Risk Management framework; b. accuracy of Risk
1. Providing input to the Board of Directors in the assessment methodology; And c. adequacy of the
formulation of risk Management policies, strategies, Risk Management information system.
and frameworks, both on an individual basis and 14. Establishing an Integrated risk taxonomy for the
consolidated basis. Company and its subsidiaries in line with the need to
2. Developing procedures and tools for the identification, support the achievement of performance targets of
measurement, monitoring, and control of risks, both the Company and its subsidiaries.
individually and on a consolidated basis. 15. The organizational structure, duties and
3. Designing and implementing the instruments responsibilities as well as other matters including the
required for the application of individual and work procedures of the Risk Management work unit
consolidated Risk Management. are regulated in a separate internal regulation.
4. Monitor the implementation of Risk Management 16. Implement ESG risk management, including climate
policies, strategies and frameworks recommended risk and its impact on society, and establish a
by the Risk Management Committee and approved governance framework to ensure that these risks are
by the Board of Directors. managed in an integrated manner between business
5. Monitoring the implementation of consolidated Risk units, risk management units, and operational units.
Management policies, strategies, and frameworks 17. Provide the Board of Directors with up-to-date
recommended by the Integrated Risk Management information on risks and business developments
committee and approved by the Board of Directors. related to climate change to help the Board of
6. Monitoring risk positions/exposures as a whole, as Directors implement supervisory activities more
well as per risk, including monitoring compliance optimally.
with established risk tolerances and limits. 18. Implement fraud risk management through 4
7. Conduct stress testing to determine the impact of the pillars of Anti-Fraud strategy (Prevention, Detection,
implementation of Risk Management policies and Investigation, Monitoring & Recovery).
strategies on the portfolio or overall performance of 19. Implement IT, Digital, and Cyber risk management.
the Company. 20. Performing other duties related to the risk
8. Review proposed new activities and/or products management function.
developed by other units. The assessment focuses
primarily on aspects of the Company’s ability to
2025 Annual Report 817
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08 Corporate Governance
Profile of The Head of The Risk Management Unit
The Head of the Enterprise Risk Management Division also acts as secretary of the Risk Management Committee under
the Board of Directors is held by Wilson Arafat based on the Board of Directors' Decree No. 86/KUASA/DIR/2025 dated
May 6, 2025 and has served until now.
Wilson Arafat
Enterprise & ESG Risk Management Division Head
Indonesian Citizen,
Palembang, March 21, 1972
(53 years ols as of December 2025),
Domicilie in Jakarta.
Work Experience
Educational Background
• Started his professional career at BTN since 1998 through the
Master of Management, Gadjah Mada University (2004). Officer Development Program path, serving as an Executor in
the Financial Report Analysis and Reconciliation Work Unit.
Certification • Since 2008, he has served as the head of section in charge in
• Risk Management Certification Level 6 by LSPP (2024) the Policy Section Work Unit.
• BSE - Chief Financial Officer School (2024) • From 2010 to 2011, he held Good Corporate Governance
• BSE Business Essential - Finance For Executive Stream (2024) Implementation with his last position as GCG Implementation
• Financial Acumen Columbia Business School (2024) & Monitoring Department Head.
• Seminar on Sustainable Finance Forum 2023 – Dubai (2023) • He served as Superintendent Spec Curiculum & Program
• Indonesia Risk Management Outlook 2023 (2022) Development and Senior Associate Culture Specialist in the
• Refreshment Program: Implementation of Basel III Reform Human Capital Division (2011-2013).
Basel IV for Calculation of ATMR on Credit Risk (2022) • From 2013 to 2016, he served as Corporate Governance
• Certification for Credit Risk Management (2022) Department Head in the Compliance & Governance Division.
• Market Risk & Middle Office Function (2021) • From 2017 to 2018, he held the Transformation Project with his
• Risk Management Certification by LSPP Level 4 (2021), last position as Transformation Management Office Head in
• Business Strategy Facing the Impact of Cvd VC (2020) the Transformation & Partnership Management Division.
• Executive Development Program (2019) • His last position was Management Division Head of
• Company Guidelines on Governance Policy (2018) Procurement & Fixed Asset which was held from 2019 to 2021
• The Positive Leader – DCO Transformation - Hong Kong (2017)
• GRC Professional Certificate – Arizona (2016) Legal Basis for Appointment
• 2015 Asean Corporate Conference: Governance
Board of Directors Decree No. 86/KUASA/DIR/2025 dated May 6,
Transformation in Asean Performance and Priorities –
2025
Philippines (2015)
• Integrated Governance, Risk Management, and Compliance -
Australia (2014)
• 8th International Conference on Corporate Governance – UK
(2010)
818 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The Head of Digital & Operations Risk Management Division is held by Makhadir Mukhamad based on Decree No.
2845/2025 dated September 1, 2025 and has served until now.
Makhadir Mukhamad
Digital & Operations Risk Management Division Head
Indonesian Citizen,
Tegal, May 11, 1986
(Age 39 years as of December 31, 2025),
Domicilie in Jakarta.
Work Experience
Educational Background
• Digital & Operations Risk Management Division Head
Bachelor of Mechanical Engineering, University of Indonesia
(September 2025 to present)
(2010)
• Digital Risk Management Department Head (January 2024 to
Certification August 2025)
• Fraud Risk Management Department Head (January 2024 to
• Risk Management Certification Level 5 by LSPP (2024)
March 2025)
• BTN Leadership Forum 2 – 2024 (2024)
• IT Risk Management Department Head (August 2022 to
• Journey Into Cyber Resilience (2025)
January 2024).
• Enhancing Third-Party Risk Monitoring (2025)
• ACFE Preparation Training (2024) Legal Basis for Appointment
• QRGP Certification (2021)
• Internal Control Over Financial Reporting (ICOFR) Training Decree No. 2845/2025 dated September 1, 2025
2025
• Investigation Training for RBC and DORD Units 2025
• National Anti-Fraud Conference 2025
• SMDP Batch 2 (2025)
Competency Development in The Field of Risk Management
Types of Training and Education Number of Participants
Classroom / Virtual Classroom 7545
Risk Management Certification Level 4 378
Risk Management Certification Level 5 259
Refreshment of Risk Management Certification Level 4 through E-Learning Methods 1111
Refreshment of Risk Management Certification Level 5 through E-Learning Methods 1148
Banking Risk Management Recertification Level 4 30
Banking Risk Management Recertification Level 5 41
AML, CFT, and PFWMD Certification 20
Branch Visit for Internalization of AML, CFT, and PPPPSM Implementation 140
Refreshment of AML, CFT, and PFWMD Program Implementation 1054
Refreshment of AML, CFT, and PFWMD Program Implementation in 2025 through PPATK E-Learning 663
Self-Learning Onboarding for AML, CFT, and PFWMD 15
Socialization and Implementation of the Report Monitoring System (SIMOLA) for the Implementation 293
of AML, CFT, and PFWMD Programs
2025 Annual Report 819
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08 Corporate Governance
Types of Training and Education Number of Participants
Fundamentals of Risk Management 12
Fraud Auditing 1
Internal Control Over Financial Reporting (ICOFR) 157
IT Risk Management 6
Market & Liquidity Risk Management 24
Operational Risk Control (ORC) Analyst 25
Project Management Foundations: Risk 10
BTN Group Risk Management 29
Risk-Taking for Leaders 8
Risk Appetite and Risk Culture: "The Main Pillars in Strengthening Risk Management in the Financial 10
Sector"
Seminar on Addressing Climate Risk Analysis in Financial Stability Assessment 1
Sharing Knowledge in Branch Control to Socialize the New Top 10 Risks 215
Training & Certification in Risk and Information Systems Control (CRISC) 6
Training for Risk Management Certification Trainers 7
ISO 37301:2021 Compliance Management System 16
Carbon Emissions (Greenhouse Gas) 30
Focusing Treasury Product Knowledge & Risk 51
Financial Statement Analysis and Negotiation Skills 20
Financial Statement Analysis and the Commercial Credit Industry Sector 57
Financial Statement Analysis and the Business Sector 89
Legal Aspects of Land and Credit Documents 40
Smart Selling & Risk Sensing of COP SME 282
Micro Business Loan (KUR) & KUMK Credit Agreement Document Checks up to 500 million Rupiah 133
Effective Pre-Screening & Refreshment Consumer Credit Product Knowledge 36
Effective Pre-Screening of Non-Subsidized Mortgage Applications 259
Sharia Consumer Financing Approvals in 2025 74
Continuing Sharia Banking Education 413
Consumer Credit Verification and Analysis for Loan Officers 106
OJK Webinar "Risk & Governance Summit (RGS) 2025 115
Workforce Transformation Through Artificial Intelligence (AI) 28
Workshop and Seminar on Business Judgement Rule (BJR) & ESGRC 1
Workshop on Verification and Analysis Process for DVO and RRO 128
Workshop on Fraud Risk Assessment (FRA) 4
Self-Paced 63307
Annual Risk Self-Assessment for Leaders 2025 164
Be the ESG Champion? 56
820 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Types of Training and Education Number of Participants
Compliance Excellence - Understanding Cash Transactions and Their Handling in the Implementation 13426
of the APUPPT and PPPSPM Programs
Compliance Excellence - ISO 37301 Compliance Management System 399
Introduction to Risk Management 636
Remedial Compliance Excellence August 2025 Edition - Data Privacy Excellence 240
Sallie Krawcheck on Risk-Taking 81
Cyber Threat
& Digital Risk Awareness Outreach 11359
ESG Awareness Outreach for GHG Emission Calculations 11157
Internal Control Over Financial Reporting (ICOFR) Technical Guidelines Outreach 12585
Risk Appetite & Risk Tolerance 2025 Outreach 12619
The New Age of Risk Management Strategy for Business 585
Risk Management Certification
SMR Level Mapping
No Number of Employees Suitability
Not SMR
Level 4 Level 5 Level 6 Level 7
yet
1 Mandatory Level 4 1.626 1 940 684 1 - 99,94%
2 Mandatory Level 5 419 6 395 14 4 98,57%
3 Mandatory Level 6 6 6 - 100,00%
4 Mandatory Level 7 17 17 100,00%
Total Employees 2.068 1 946 1.079 21 21 99,66%
Description:
Employees who are required to be certified but have not yet been certified according to their level
Employees who are required to be certified and comply with their level
Employees who are required to be certified and already have certification at a level above that required
Implementation of Risk Management Work Unit governance. Next, RAS is reduced to the risk limit for
Tasks in 2025 each risk indicator. Determination of RAS and risk limits
is carried out by taking into account the level of risk
In carrying out tasks during 2025, apart from the strategic to be taken as well as the Company’s overall strategy
initiative pillars mentioned above, the implementation of and targets. The risk limits set include overall risk
risk management has also made several improvements (composite), per risk type, and per functional activity.
as follows: The determination of risk limits is used as a guide for
Work Unit activities to manage the type and amount of
Determination of Risk Appetite Statement (RAS) and risk that is acceptable.
Risk Limits
In preparing Risk Management policies and strategies, Recovery Plan
the Company’s Board of Directors has established a The preparation of Systemic Company Recovery Action
Risk Appetite Statement (RAS) and other risk limits. Plan as one of the Systemic Banks in Indonesia, the
RAS is reviewed annually or at any time taking into Company has an obligation to prepare a Recovery Action
account changes in the Company’s business plans and Plan document as regulated in the OJK Regulation No. 5
objectives as well as changes in business environmental of 2024 concerning Determination of Supervision Status
conditions. RAS is used as an objective guide in making and Handling of Commercial Bank Problems. The Action
strategic decisions related to risk management and as Plan document prepared contains mechanisms that
a tool for Management in implementing good business are expected to prevent, restore and/ or improve the
2025 Annual Report 821
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08 Corporate Governance
Company’s financial condition as a result of the financial structure in accordance with the Transformation of
crisis or other financial market disruptions which impact Policy and Procedure Architecture where policies and
capital, liquidity, profitability, and asset quality which procedures are adjusted to the policy hierarchy from the
endanger the Company’s business continuity. The highest to General Policy, Special Policy and Technical
Recovery Plan included an analysis of the condition of Regulations. The Company has a Policy and Procedures
all business lines, including stress testing for the Bank's Work Unit to periodically review and monitor Policies and
idiosyncratic market-wide shock and combination Procedures.
crises that could jeopardize business continuity. The
Company periodically updates the Recovery Action Plan Preparation for the Implementation of the Internal
Document as part of its sustainable financial planning. Liquidity Adequacy Assessment Process (ILAAP)
The updated Recovery Action Plan document was The Company was one of the participants in the ILAAP
submitted to the Regulator in November 2025 for 2026. report pilot test in accordance with OJK Circular Letter
No. 26/SEOJK/03/2025 concerning the Internal Liquidity
Resolution Plan Update Adequacy Assessment Process for Commercial Banks,
The preparation of the Resolution Plan for Systemic which took effect on November 19, 2025. In implementing
Companies has been submitted by the Deposit Insurance the ILAAP, the Company must ensure that its liquidity
Corporation (LPS) as a Company that is obliged to management aligns with its risk appetite and risk
prepare a Resolution Plan document in accordance with tolerance, and takes into account the impact of liquidity
Deposit Insurance Corporation Regulation No. 2 of 2024 risk on the Company's condition. The ILAAP Report
concerning General Bank Resolution Plans. The Resolution consists of the ILAAP Implementation Report, Intraday
Plan document contains information related to the bank Liquidity Report, LCR Report in Significant Foreign
and the resolution strategy used as a consideration by Currencies, Funding Profile Report, Survival Period
the Deposit Insurance Corporation (LPS) in handling or Monitoring (SPM) Report, and Displaced Commercial
resolving banks designated as failed. The Resolution Plan Risk (DCR) Customer Report.
contains information aligned with the Recovery Action
Plan. The Company has updated the Resolution Plan Balance Sheet Optimization (BSO) Initiative
in accordance with regulatory requirements. For 2025, Balance Sheet Optimization (BSO) is an initiative to
a resolvency test was conducted for the Company's optimize the balance sheet with the aim of increasing
corporate actions and the transfer of its sharia business profitability growth, optimizing risk and return, and
unit to a subsidiary of Bank Syariah Nasional. improving capital efficiency through four levers: capital/
asset optimization, liquidity/funding optimization,
Implementation of Climate Risk Stress Test interest rate risk management, and enablers.
The Company has implemented a Climate Risk Stress
Test in accordance with the Climate Risk Stress Test Implementation of the "Pay Your Installments Using
Guidelines issued by the Financial Service Authority (OJK) Your Waste" Program
in 2023. In 2025, the Company conducted a Climate In 2025, the Company launched a household waste
Risk Stress Test review, with the results containing management program in collaboration with the start-
calculations on the impact analysis of transition risk up Waste Management, which was initiated at the end
scenarios, physical risk scenarios, and climate change of September 2025. This program aims to encourage the
mitigation plans on the Company's minimum capital creation of a circular economy. As of December 2025,
and liquidity adequacy in the short, medium, and long the Company had exchanged 716 kg of non-organic
term. This report is the second of its kind, following the waste, equivalent to a reduction in emissions of 734 kg
previous one in 2024. of CO2..
Review of Risk Management Policies Low-Emission Housing Implementation
In accordance with OJK Regulation No. 18/POJK.03/2016 In 2025, the Company expanded the implementation
dated March 16, 2016 concerning the Implementation of the Eco Housing Fee Saver program and built 10,000
of Risk Management for Commercial Company's, low-emission housing units using 15% environmentally
in managing risk banks are required to implement friendly materials. This included innovative materials
risk management effectively. To implement risk such as floor decking containing 3.6 kg of plastic waste
management effectively, the Company has developed and paving blocks containing 2 kg of plastic waste per
a risk management policy which is contained in a risk square meter. These innovations not only help reduce
management policy and at least every year a review plastic waste but also improve the quality of the building
and/or update of several risk management policies is materials used, creating more durable and efficient
carried out so that they are easily understood by risk homes.
owners and risk managers as a guide in implementing
them. The Company has aligned its internal policy
822 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Implementation of the Risk Maturity Index Assessment strategic initiative designed to ensure that financing
To assess the maturity of risk management, the distribution always takes into account current
Company conducted a Risk Maturity Index assessment macroeconomic conditions, especially in certain sectors
in accordance with Regulation of the Minister of State- that are considered to still have financing feasibility.
Owned Enterprises Number PER-2/MBU/03/2023 dated In addition, this initiative includes the identification
March 24, 2023, concerning Guidelines for Governance of priority sectors that support the development of
and Significant Corporate Activities of State-Owned the company's business efforts. Aspects that are the
Enterprises, which was issued through Decree No. 8 main focus include analysis and monitoring of NPLs
of the Minister of State-Owned Enterprises. Based on per industrial sector, determination of financing limits
the RMI assessment results, with the Bank's RMI rating per sector, and growth prospects for the industrial
of 4.03 (Better Practices) in 2025, a risk management sector. The Company is currently developing its 2025
improvement plan was developed in accordance Portfolio Guidelines, which cover the Small and Medium
with Regulatory provisions and Best Practices, which is Enterprises (SME) segment, to improve the effectiveness
expected to impact the Company's future performance. of portfolio risk management and support sustainable
business development.
Implementation of Minimum Capital for Operational
Risk Using the Standard Approach Development of Credit Scoring Model (CSM) for The
In order to implement OJK Circular Letter No. 6/ Small Medium Enterprise (SME) Segment
SEOJK.03/2020 dated April 29, 2020, concerning the In an effort to minimize the risks that the Company will
Calculation of Risk-Weighted Assets for Operational accept in providing credit to the SME segment, a Credit
Risk Using the Standardized Approach for Commercial Scoring Model (CSM) is needed This SME Credit Scoring
Company's, effective January 1, 2023, the Bank Model is designed to help analyze and quantify the
periodically reviews its operational risk loss and recovery eligibility of prospective debtors with recommendations
data. in the form of High Risk or Low Risk, which has been
integrated from the data entry process through BTNLaku
Implementation of The Early Warning System (Ews) to the Decision Engine stage. This model aims to improve
for The Msme, Commercial and Corporate Credit efficiency, accuracy in credit decision making and
Segments support the principle of prudence (prudential banking)
Early Warning System is a mechanism or system for to ensure a quality SME credit portfolio.
detection or recognition of early signs or symptoms
which are expected to influence developments in Strengthening Regional Business Control (Rbc),
the progress and decline of the debtor's business Branch Businesscontrol (Bbc), Commercial Banking
conditions. The Early Warning System is implemented Center Business Control(Cbc-Bc), and Regional Loan
to minimize and prevent losses due to bad credit, so Processing Center Business Control (Rlpc-Bc)
the Bank must implement an effective and sustainable The Company has an organ to improve operational risk
system for monitoring the credit facilities that have been supervision and mitigation/prevention of operational
provided. In this case, the Risk Management Work Unit loss by implementing the Operations Risk Controller
together with related business units routinely monitors Department in the Risk Management Work Unit and
portfolio quality and early warning indicators for the placing the Regional Business Control (RBC) organ in the
asset quality of the credit portfolio. It is hoped that this Regional Office, Branch Business Control (BBC) which
effort can be used to monitor MSME, Commercial and is a monoline Regional Office and on duty at Branch
Corporate credit debtors so as to provide information Offices and Sharia Branch Offices, Commercial Banking
in the form of early warnings about the possibility of Center Business Control (CBC-BC) which is a monoline
debtors experiencing default. Regional Office and on duty at the Commercial Banking
Center (CBC) and Regional Loan Processing Center
Preparation And Implementation of Portfolio Guideline Business Control (RLPC-BC) which is a monoline Office
for Commercial, Corporate and Financial Institutions Region and works at the Regional Loan Processing
Segments Center. Continuous strengthening of the Business
BTN's strategic steps in strengthening financing risk Control organ has been carried out by periodically
management aim to control the composition of the prioritizing risks (Top 10 Risks) which are reported to
credit portfolio while ensuring healthy credit portfolio the Board of Directors. The Bank also plans to establish
growth. In this effort, BTN implements credit risk Operational Risk Control at the directorate level as part
management through the Portfolio Guideline to reduce of operational risk mitigation at the directorate level.
credit concentration risk. This Portfolio Guideline is a
2025 Annual Report 823
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08 Corporate Governance
Developing and Strengthening Governance Models The Board of Directors, through the Information
In order to strengthen model governance, the Technology Steering Committee, carries out evaluations
Company has developed provisions and framework of IT, digital & cyber risks which are carried out through
regarding model governance to improve the quality regular meetings at least 4 (four) times during the
of risk management implementation in the Company. current year with one of the discussions relating to IT Key
In addition, by strengthening model governance, Risk Indicator (KRI) Monitoring. Furthermore, the Board
segregation of duties can be implemented in the of Commissioners also reviews the results of IT, digital &
model lifecycle, where the Company's provisions cyber risks once a year.
have separated functions, duties and responsibilities
between model development, model operational Continuing Development and Strengthening Utilization
implementation, model evaluation and validation so of Risk Management Tools
that model management is more independent. To strengthen the utilization of Risk Management Tools,
several developments have been carried out, including:
IT Digital & Cyber Risk 1. Implementation of a market risk monitoring system/
The Company strengthens IT, digital, and cyber risk interest rate risk in the banking book (IRRBB) and
management through DORD by monitoring IT, digital Liquidity Risk monitoring application.
& cyber risk profiles and implementing a program to 2. Utilization of the Bloomberg Terminal to support the
strengthen digital and cyber attack risk control. The IT, effective implementation of risk management in
digital & cyber risk profile components are developed supporting the management of liquidity risk, credit
using the applicable OJK provisions as a basis, and risk and other risks.
carrying out the necessary developments to adjust to 3. Strengthening the role of risk management
the Company's conditions and connect with the key risk by developing Sustainability Environment Risk
indicator matrix that has been formed. Reporting on risk Management.
profiles and key risk indicators is carried out periodically 4. Enhancement of the Credit Scoring Model (CSM) for
to Management to provide comprehensive visibility. consumer credit.
5. Developing Collection Scoring for the Consumer
Strengthening digital and cyber attack risk control is segment.
carried out using a 3 pillar transformation approach, 6. Maintenance of ISO implementation in ERMD through
namely people, processes and technology. Surveillance and ISO 9001:2015 Recertification in the
1. People, strengthening is done through an Risk Management Work Unit to improve the quality
internalization program for IT, digital & cyber risk service standards of the Risk Management Work Unit
management which aims to convey the tone at the to all stakeholders.
top from the Board of Directors to all employees, 7. Utilization of integrated Operational Risk Tools as an
and equip employees by increasing employee effort to manage operational risk in the Work Unit,
awareness of IT, digital & Cyber threats and how including LED, RCSA, and KRI tools.
to prevent them. Through an IT, digital & cyber risk 8. Conducting the creation of a Fraud Detection
awareness program by conducting socialization System application that functions as a tool that
through branch office visits and implementing helps Company in the prevention, detection,
e-learning. investigation, and monitoring of fraud, especially in
2. Process, the Company has strengthened internal credit applications and transaction activities.
processes related to IT and Digital, such as 9. Utilization of Operational Risk data visualization in
conducting reviews of policies and procedures the context of risk prioritization (Top 10 Risks) which
related to IT and digital, and monitoring risks on can be used by management.
strategic IT projects. 10. Addition of data analytics functions as the basis
3. Technology, the Company improves the tools and for Business Control organs in carrying out internal
rules that have been implemented to improve the control testing
protection of the Company’s computer assets and
Third-Party Risk Monitoring tools.
824 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Risk Management Monitoring and Reporting 2. Implementation & Continuous Monitoring
To implement risk management in accordance with The Company has conducted a Control Self-
Financial Services Authority (OJK) Regulation No. 18/ Assessment (CSA) by the First Line, validated the
POJK.03/2016 dated March 16, 2016, concerning the control design, and evaluated the CSA results by the
Implementation of Risk Management for Commercial Second Line using a Test of One (TOO).
Banks, the Bank conducted risk management monitoring 3. Evaluation
and reporting, submitted to internal and external parties. The Company is currently in the Evaluation phase,
Submission of risk management reports to regulators in which involves data providing by the First Line,
2025 included: assisted by the Second Line, to be evaluated by
1. Recovery Plan; the Third Line. Throughout this stage, the Third
2. Resolution Plan; Line evaluates the effectiveness of the ICOFR
3. Leverage Ratio; implementation through a Test of Design (TOD) and
4. Risk Profile; a Test of Effectiveness (TOE).
5. Bank’s Soundness Level; 4. Remediation
6. Minimum Capital Requirement according to Risk Profile; Throughout this stage, several BPMs and RCMs from
7. Liquidity Coverage Ratio; the First Line require improvement due to deficiencies
8. Net Stable Funding Ratio; in the control design based on the CSA results from
9. Maximum Credit Granting Limit; the First Line and the TOO from the Second Line. The
10. Risk Weighted Assets; Third Line's role is to re-evaluate the remediation
11. Report of Indonesian Green Taxonomy; results through the TOD and TOE.
12. Taxonomy Report for Sustainable Finance; 5. Reporting
13. Report of Sustainable Finance Action Plan (RAKB) Furthermore, the Company will prepare a
2025; management assessment report, taking into
14. Reports to the Ministry of BUMN; And account the results of the Degree of Deficiency
15. Other Ad-hock reports. (DOD) calculation and the ICOFR evaluation by the
Third Line, referring to the roadmap outlined in the
INTERNAL CONTROL OVER FINANCIAL REPORTING technical guidelines.
(ICOFR)
ANTI FRAUD STRATEGY
The Company has implemented Internal Control Over
Financial Reporting (ICOFR) as part of its internal control Following the OJK Regulation No. 12 of 2024 concerning
system to provide reasonable assurance of the reliability the Implementation of Anti-Fraud Strategy (SAF) for
and integrity of financial reporting in accordance with Commercial Banks, BTN has a roadmap for developing
OJK Regulation No. 15/2024 concerning the Integrity of an Anti-Fraud Strategy (SAF) for the next 3 years (2024-
Bank Financial Reporting and also SK-5/2024 concerning 2026), where the preparation of the roadmap is carried
Technical Instructions for Internal Control over Financial out based on the 4 pillars of OJK which are developed
Reporting (ICOFR) for State-Owned Enterprises. in 10 aspects, namely (1) Organization, (2) Strategy &
Policy, (3) Procedure and Governance, (4) Process, (5)
The Company has been conducting ICOFR diagnostics Fraud Investigation (6) System, (7) Use of Data, (8) Use of
since 2024 and has implemented ICOFR in 2025. Analytics, (9) Digital Channels, (10) Reporting/Training.
Currently, the Company has a Special Policy and
Technical Instructions that regulate ICOFR, including The Company has completed the establishment of
establishing a Special Business Unit in the Digital & a dedicated anti-fraud organization, the Fraud Risk
Operations Risk Management Division to implement Management Department, under the Digital and
ICOFR referring to the established stages: Operations Risk Management Division (DORD) since
1. Design February 2024.
The Company has determined the scope of the
ICOFR in coordination with the First, Second, and Third
Lines. The next stage of the Design is the preparation,
validation, and approval of the Business Process
Mapping (BPM) and Risk Control Matrix (RCM) by the
First Line, which has been evaluated by the Second
Line.
2025 Annual Report 825
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08 Corporate Governance Implementation of Fraud Risk Management based on 4 (four) Pillars: 1. Prevention: Anti-fraud awareness through the preparation and socialization of an anti-fraud declaration, an anti- fraud culture program for employees, a fraud awareness program for consumers, vulnerability identification through a fraud risk assessment, and a "know your employees" policy involving collaboration across relevant divisions. 2. Detection: Digital Fraud Monitoring & Detection: Developing rules, models, and monitoring flagged/triggered activities in the FDS (VRM), as well as monitoring reports from the Indonesia Anti-Scam Center (IASC). Non-Digital Fraud: coordination, consolidation, and evaluation of detection results from incidental control testing. 826 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. Investigation, Reporting, and Sanctions: Monitoring includes prevention, investigation progress status, fraud
detection results, investigation results, sanction determination, and recovery.
4. Monitoring, Evaluation and Follow-up: Monitoring of fraud event status through the Fraud event database, imposition
of sanctions, completion of action plans, and recovery efforts, evaluation of fraud event reports, Preparation of
preventive follow-up actions.
2025 Annual Report 827
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08 Corporate Governance
Committees Under The Board of Directors DUTIES AND RESPONSIBILITIES OF THE RISK MANAGEMENT
COMMITTEE
The Company forms and determines the structure
and membership of Committees under the Board of The Risk Management Committee is responsible for
Directors in order to support the implementation of the decisions made at the Risk Management Committee
Board of Directors’ duties. These committees play a role Meeting, submitting reports on Significant Decisions
in facilitating monitoring and creating effective problem made to the Board of Directors Meeting, as well as
solving and developing aspects deemed strategic by the determining corrective steps regarding matters relating
Company in accordance with applicable regulations. to the implementation of risk management in the
These Committees include: Company.
1. Risk Management Committee ERMD
2. Integrated Risk Management Committee The task of the Risk Management Committee is
3. Asset and Liability Management Committee (ALCO) to evaluate and provide recommendations to the
TRSD President Director regarding risk management which at
4. Credit Policy Committee; least includes:
5. Credit Committee; 1. Preparation of Risk Management Policy and its
6. Human Capital Committee; changes, including risk management strategy and
7. Information Technology Steering Committee; contingency plan in case of abnormal external
8. Transformation Steering Committee; conditions. The preparation is carried out together
9. Business Committee; and with the Division/Desk Head of the operational
10. Environmental, Social, and Governance (ESG) work unit and the Head of the Risk Management &
Committee ESG Work Unit and the Head of the Operational and
11. Capital and Subsidiary Committee Digital Risk Management Work Unit.
2. Improvements or improvements to the
Risk Management Committee implementation of risk management carried out
periodically or incidentally as a result of changes
The Risk Management Committee (KOMAR) plays in the Bank’s external and internal conditions which
an active role in providing recommendations to the affect the Bank’s capital adequacy and risk profile as
President Director regarding the risks inherent in policies well as the results of evaluations of the effectiveness
that will be determined by the Board of Directors as well of such implementation.
as providing evaluations of provisions that are deemed 3. Making business decisions that deviate from normal
to be less appropriate with current developments procedures (Irregularities), such as decisions to
and need to be adjusted. KOMAR is actively involved exceed significant business expansion compared
in assessing the risks inherent in each new product to the bank’s previously determined business plan
and/or service/activity so that the Company can take or taking risk positions/ exposures that exceed
the necessary mitigation steps and also evaluate the predetermined limits.
General Risk Management Policy (KUMR). 4. Monitoring and managing risks.
5. Decision on proposed Bank policies, standards, and
The Risk Management Committee is a committee procedures.
that plays a role in providing recommendations to 6. Integrated risk management strategy with capital
the President Director to formulate policies, strategies adequacy.
and risk management targets as well as facilities 7. Establish a risk management framework and
for monitoring and making decisions related to the methodology.
implementation of the Company’s risk management.
RISK MANAGEMENT COMMITTEE MEMBERSHIP
RISK MANAGEMENT COMMITTEE WORK GUIDELINES
The Risk Management Committee is regulated in the
The work guidelines for the Risk Management Policy on Board of Directors' Governance Procedures,
Committee refer to Special Policy Number KK.9-D chaired by the Director of Risk Management with
concerning Directors’ Governance Procedures. These the majority of members of the Board of Directors in
guidelines regulate, among other things, Committee accordance with the Decision of the Board of Directors
Responsibilities, Committee Duties and Functions, Meeting No. 123 dated August 25, 2025, with the following
Committee Authorities, Duties of the Chair, Secretary and composition:
Committee Members and Procedures for Conducting
Committee Meetings.
828 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Structure Position Voting Rights Information
Chairman Director in charge of Risk Management Permanent member
Directors / SEVP Director in charge of Finance & Strategy Permanent member
Director in charge of Consumer Banking Permanent member
Director in charge of Treasury & International Banking Permanent member
Director in charge of Human Capital & Compliance x Permanent member
Director in charge of Operations Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Corporate Banking Non-Permanent member
Director in charge of Commercial Banking Non-Permanent member
SEVP yang membawahi Digital Businss Non-Permanent member
SEVP in charge of Assets Management Non-Permanent member
SEVP in charge of Credit Risk Non-Permanent member
Notes:
If the President Director/Vice-President Director attended the Risk Management Committee Meeting, the President Director/Vice-President Director acted
for the chairperson and had voting rights.
TERM AND PERIOD OF OFFICE OF THE RISK MANAGEMENT
PROFILE OF RISK MANAGEMENT COMMITTEE MEMBERS COMMITTEE
The profiles of the members of the Risk Management The term of office and term of office of the Risk
Committee, both from the Board of Directors and SEVP Management Committee, whether from the Board of
of the Company, can be seen in the Company Profile Directors or SEVP of the Company, follows the term
Chapter in the Profile of Directors and Profiles of Officials of office of the Directors and Heads of Divisions of the
One Level Below Directors section in this Annual Report. Company who are members of the committee.
INDEPENDENCE OF THE RISK MANAGEMENT COMMITTEE COMPETENCY TRAINING AND DEVELOPMENT
All members of the Risk Management Committee do not Training of Risk Management Committee members
have any financial, management, share ownership and/ from the Board of Directors can be seen in the Sub-
or family relationships with the Board of Commissioners, Chapter on Training and/or Competency Improvement
Board of Directors and/or Controlling Shareholders or for Members of the Board of Directors in the Corporate
relationships with the Company, which may affect their Governance Chapter in this Annual Report.
ability to act independently.
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE RISK
TRANSPARENCY OF CONCURRENT POSITIONS OF RISK MANAGEMENT COMMITTEE IN 2025
MANAGEMENT COMMITTEE
The Risk Management Committee meeting policy
Disclosure of transparency of concurrent positions of is regulated in the Risk Management Committee
members of the Risk Management Committee from Implementation Guidelines. Based on this Policy, the
the Board of Directors can be seen in the Corporate Risk Management Committee meets at least once
Governance Chapter in the concurrent positions section every three months. During 2025, the Risk Management
of this Annual Report. Committee carried out its duties and responsibilities by
holding 11 (eleven) meetings. The meeting dates and
agendas, in accordance with their respective duties and
responsibilities, are as follows.
2025 Annual Report 829
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08 Corporate Governance
No Date Agenda Quorum
1. January 2, 2025 Discussion on Portfolio Guidelines for SME & Wholesale Credit and Sharia Financing 100%
2. January 15, 2025 Discussion on Self-Assessment Results for Conventional and Sharia Business Unit 80%
(SBU) Risk Profile Reports for Q4/2024
3. April 28, 2025 Discussion on Self-Assessment Results for Conventional and Sharia Business Unit 60%
(SBU) Risk Profile Reports for Q1/2025
4. May 19, 2025 Request for Approval of Implementation of Credit Scoring Model (CSM) with External 80%
Data
5. May 27, 2025 Request for Approval of Special Policy on Subsidiary Management 60%
6. June 24, 2025 Discussion on Bottom-Up Stress Test (BUST) 2025 60%
7. July 15, 2025 Discussion on Self-Assessment Results for Individual Bank’s Soundness Levels for 100%
Semester I/2025 and Sharia Business Unit (SBU) Risk Profiles for Q2/2024
8. July 29, 2025 Discussion on Self-Assessment Results for Consolidated Bank’s Soundness Levels for 100%
Semester I/2025
9. October 14, 2025 Discussion on Self-Assessment Results for Individual and Sharia Business Unit (SBU) 62,5%
Risk Profiles
for Q3/2025
10. October 21, 2025 Discussion on Policy Updates on Authorization and Fiat Payment in Payment Orders 66,7%
and Policy Updates of Authority to Approve Principles Procurement Permits
11. November 24, Discussion on the 2026 Recovery Action Plan Report 100%
2025
ANTI-FRAUD SUBCOMMITTEE
The Anti-Fraud Sub-Committee is positioned under the Risk Management Committee and plays an active role in
formulating improvements to the fraud risks inherent in each policy, as well as evaluating provisions, systems, and
procedures that are deemed not in line with the latest fraud risk developments and require adjustment. The Anti-Fraud
Sub-Committee is also actively involved in assessing the potential fraud risks in each product and activity, so that the
Company can establish adequate prevention and mitigation measures. In addition, the Anti-Fraud Sub-Committee
periodically evaluates the effectiveness of applicable anti-fraud policies and strategies.
The Anti-Fraud Sub-Committee is responsible for formulating anti-fraud policies, strategies, and programs, including
strengthening internal control systems, whistleblowing mechanisms, and overseeing the implementation of an anti-
fraud culture across all work units. This committee also serves as a monitoring tool and strategic decision-making
forum for the Company's anti-fraud program, ensuring the effective and sustainable implementation of good
governance principles and fraud risk management.
Anti-Fraud Sub-Committee Work Guidelines
The Anti-Fraud Sub-Committee work guidelines refer to Special Policy Number KK.9-D concerning Governance
Procedures for Board of Directors Committees. These guidelines, among other things, regulate the Committee's
Responsibilities, Duties and Functions, Committee Authorities, Duties of the Chairperson, Secretary, and Members, and
Procedures for Committee Meetings.
Duties and Responsibilities of the Anti-Fraud Sub-Committee
The Anti-Fraud Sub-Committee plays a crucial role in implementing effective anti-fraud management. The authorities
and responsibilities of the Anti-Fraud Sub-Committee are as follows:
1. Establishing the fraud risk management framework and methodology.
2. Establishing fraud risk management policies and strategies in accordance with the company's objectives and
vision.
3. Establishing fraud risk tolerance limits and ensuring that the risks that occur are within the tolerance limits.
4. Ensuring that strategies and actions are effectively implemented in managing fraud risk.
5. Assessing and evaluating the effectiveness of the implemented fraud risk mitigation process.
6. Recommending changes to fraud risk management policies and strategies based on performance evaluations
and changes in the business environment.
7. Approving reports related to the implementation of the Anti-Fraud Strategy to regulators.
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PT Bank Tabungan Negara (Persero) Tbk
The Risk Management Committee's duties include evaluating and providing recommendations to the President
Director regarding risk management, which include at least the following:
1. Preparation of Risk Management Policies and their amendments, including risk management strategies and
contingency plans in the event of abnormal external conditions. This preparation is carried out in collaboration
with the Division/Desk Heads of operational work units, the Head of the Risk Management & ESG Work Unit, and the
Head of the Operational and Digital Risk Management Work Unit.
2. Periodic or incidental improvements or refinements to the implementation of risk management as a result of
changes in the Company's external and internal conditions that affect the Company's capital adequacy and risk
profile, as well as the results of evaluations of the effectiveness of such implementation.
3. Determining business decisions that deviate from normal procedures (irregularities), such as decisions to
significantly exceed business expansion compared to the Bank's predetermined business plan or taking risk
positions/exposures that exceed established limits.
4. Monitoring and managing risk.
5. Deciding on proposed Company policies, standards, and procedures.
6. Integrated risk management strategies with capital adequacy.
7. Establish a risk management framework and methodology.
Membership Structure of the Anti-Fraud Sub-Committee
The Anti-Fraud Sub-Committee is regulated in Special Policy Number KK.9-D concerning Board of Directors Governance
Procedures in accordance with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following
composition:
Voting
Structure Positions Description
Rights
Chairman Director in charge of Risk Management Permanent Member
Directors / SEVP Director in charge of Operations* Permanent Member
Director in charge of Network & Retail Funding** Permanent Member
Director in charge of Information Technology Permanent Member
Director in charge of Human Capital & Compliance X Permanent Member
SEVP in charge of Digital Business Permanent Member
Director in charge of Finance & Strategy Non-Permanent Members
Director in charge of Consumer Banking Non-Permanent Members
Director in charge of Treasury & International Banking Non-Permanent Members
SEVP in charge of Corporate Banking Non-Permanent Members
SEVP in charge of Commercial Banking Non-Permanent Members
SEVP in charge of Assets Management Non-Permanent Members
SEVP in charge of Credit Risk Non-Permanent Members
Note:
If the President Director/Deputy President Director attends the Anti-Fraud Subcommittee Meeting, the President Director/Deputy President Director shall act
as chair and have voting rights.
*) Alternate Chair I
**) Alternate Chair II
Anti-Fraud Sub-Committee Member Profiles
The profiles of the Anti-Fraud Sub-Committee members, both from the Board of Directors and SEVPs, can be found
in the Company Profile chapter, under the Profiles of Directors and Profiles of Officials One Level Below the Board of
Directors sections of this Annual Report.
Independence of the Anti-Fraud Sub-Committee
All members of the Anti-Fraud Sub-Committee have no financial, management, share ownership, or family relationships
with the Board of Commissioners, Board of Directors, and/or Controlling Shareholders, or any relationship with the
Company that could affect their ability to act independently.
Transparency of Concurrent Positions of the Anti-Fraud Sub-Committee
Disclosure of the transparency of concurrent positions of members of the Anti-Fraud Sub-Committee from the Board
of Directors can be found in the Corporate Governance chapter in the section on concurrent positions in this Annual
Report.
2025 Annual Report 831
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08 Corporate Governance
Term of Office and Period of Office of the Anti-Fraud Sub-Committee
The term of office and period of office of the Anti-Fraud Sub-Committee, whether from the Board of Directors or SEVP
of the Company, follows the term of office of the Board of Directors and Head of Division of the Company who are
members of the committee.
Training and Competency Development
Training for members of the Anti-Fraud Sub-Committee from the Board of Directors can be found in the Training
and/or Competency Improvement Sub-Chapter for Members of the Board of Directors in the Corporate Governance
chapter of this Annual Report.
Anti-Fraud Sub-Committee Meetings and Implementation of Duties in 2025
The Anti-Fraud Sub-Committee meeting policy is regulated in the Fraud Risk Management Implementation Policy.
Based on this policy, Anti-Fraud Sub-Committee meetings are held quarterly. During 2025, the Anti-Fraud Sub-
Committee carried out its duties and responsibilities through four meetings. The meeting dates and agendas, in
accordance with their respective duties and responsibilities, are as follows:
No Date Agenda Quorum
1 January 13, 2025 Anti-Fraud Strategy Report for the Fourth Quarter of 2024 and Reporting to the Financial 100%
Services Authority (OJK)
2 May 19, 2025 Anti-Fraud Strategy Report, Quarter I, 2025 100%
3 July 22, 2025 Anti-Fraud Strategy Report for the Second Quarter of 2025 and Reporting to the Financial 100%
Services Authority (OJK)
4 November 3, 2025 Anti-Fraud Strategy Report, Quarter III, 2025 80%
Integrated Risk Management Committee DUTIES AND RESPONSIBILITIES OF THE INTEGRATED RISK
MANAGEMENT COMMITTEE
As a form of active supervision of the implementation
of consolidated risk management, the Company The Integrated Risk Management Committee is
established an Integrated Risk Management Committee responsible for decisions made at Integrated Risk
based on the Decision of the Board of Directors Meeting Management Committee meetings, submitting reports
No. 123 dated August 25, 2025. The Integrated Risk on significant decisions made to Board of Directors
Management Committee consists of the Company's meetings, and determining corrective actions regarding
Board of Directors together with the Directors of the implementation of risk management within the
Subsidiaries. The Committee plays an active role in Company Group.
providing recommendations to the President Director on
consolidated risk management, including monitoring, The Integrated Risk Management Committee’s duties
evaluating and making decisions on risk management include evaluating and providing recommendations
between the Company and its subsidiaries. to the President Director regarding risk management,
which include at least the following:
INTEGRATED RISK MANAGEMENT COMMITTEE WORKING 1. Developing an Integrated Risk Management Policy,
GUIDELINES its guidelines, and guidelines for implementing
Integrated Risk Management.
The working guidelines of the Risk Management 2. Improving or refining the implementation of
Committee refer to Special Policy Number KK.9-D Integrated Risk Management based on the results of
concerning the Governance Procedures of the Board of the Integrated Risk Management evaluation.
Directors’ Committees. These guidelines, among other 3. Evaluating the results of the Integrated Risk Profile
things, regulate the Committee’s Responsibilities, Duties report review and monitoring the risk level of each
and Functions, Committee Authorities, Duties of the risk in an integrated manner.
Chairperson, Secretary, and Members, and Procedures 4. Determining business decisions that deviate
for Committee Meetings. from normal procedures (irregularities), such as
decisions to significantly exceed business expansion
compared to the Bank’s previously established
business plan or taking risk positions/exposures that
exceed established limits.
5. Deciding on proposed new strategic business
lines that significantly impact the Financial
Conglomerate’s risk exposure.
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INTEGRATED RISK MANAGEMENT COMMITTEE MEMBERSHIP STRUCTURE
The Integrated Risk Management Committee is regulated in the Policy on Board of Directors' Governance Procedures
in accordance with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following composition:
Structure Position Voting Rights Information
Chairman Director in charge of Risk Management Permanent member
Directors / Director in charge of Finance & Strategy Permanent member
SEVP
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Treasury & International Banking Permanent member
Director of Subsidiary Supervisory Services Permanent member
Director in charge of Operations Non-Permanent Member
Director in charge of Consumer Banking X Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Assets Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
Notes:
1. If the President Director/Vice President Director attends the Integrated Risk Management Committee meeting, the President Director/Vice President
Director shall act as chair and has voting rights.
2. If the Subsidiary’s Advisory Director acts as another Permanent Member, the Integrated Risk Management Committee quorum calculation will only
include one position.
PROFILE OF INTEGRATED RISK MANAGEMENT COMMITTEE TERM AND PERIOD OF OFFICE OF THE INTEGRATED RISK
MEMBERS MANAGEMENT COMMITTEE
The profiles of Integrated Risk Management members The term of office and period of office of the Integrated
from the Board of Directors and SEVP of the Company, Risk Management Committee, whether from the Board
can be seen in the Company Profile Chapter in the of Directors or SEVP of the Company, follows the term of
Profile of Directors and Profile of Officials One Level Below office of the Board of Directors and Head of Division of
Directors section in this Annual Report. the Company who are members of the committee.
INDEPENDENCE OF THE INTEGRATED RISK MANAGEMENT COMPETENCY TRAINING AND DEVELOPMENT
COMMITTEE Training for Integrated Risk Management members from
All members do not have any financial, management, the Board of Directors can be seen in the Sub-Chapter
share ownership and/ or family relationships with on Training and/or Competency Improvement for Board
the Board of Commissioners, Board of Directors and/ of Directors Members in the Corporate Governance
or Controlling Shareholders or relationships with Chapter in this Annual Report.
the Company, which may affect their ability to act
independently. MEETINGS AND IMPLEMENTATION OF THE INTEGRATED
RISK MANAGEMENT COMMITTEE DUTIES IN 2025
TRANSPARENCY OF CONCURRENT POSITION OF
INTEGRATED RISK MANAGEMENT COMMITTEE The Integrated Risk Management Committee's meeting
Disclosure of transparency of concurrent positions of policy is regulated in the Integrated Risk Management
Integrated Risk Management members from the Board Committee Implementation Guidelines. Based on this
of Directors can be seen in the Corporate Governance policy, meetings are held once every three months. The
Chapter in the concurrent positions section of this Integrated Risk Management Committee has carried out
Annual Report. its duties and responsibilities by holding one meeting.
The meeting dates and agendas, in accordance with its
duties and responsibilities, are as follows:
No Date Meeting Agenda Quorum
1. October 29, 2025 Discussion on the Consolidated Risk Profile Self-Assessment Results for Q3/2025 60%
2025 Annual Report 833
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08 Corporate Governance
Assets and Liabilities Committee 4. The Assets and Liabilities Committee is responsible
for determining and evaluating the implementation
The Asset and Liability Committee or hereinafter and results related to the management of the Bank’s
referred to as ALCO was formed by the Board of assets and liabilities, which at least includes: liquidity
Directors with the aim of assisting the Board of Directors management; gap management (maturity and
in formulating policies, compiling and establishing repricing risks); foreign exchange management;
market risk management strategies as well as facilities income and investment management.
for monitoring and making decisions regarding the 5. The Assets and Liabilities Committee is responsible
implementation of the Company’s Asset Liability for evaluating, developing and establishing ALIVA
Management (ALM) to maximize profitability and Bank management strategies every 6 (six) months.
maintain the structure of the Company’s balance sheet.
Task
WORK GUIDELINES FOR THE ASSET AND LIABILITIES 1. The duties and functions of the Assets and Liabilities
COMMITTEE Committee include the following:
a. Manage liquidity management strategies,
ALCO work guidelines refer to Special Policy No. KK.9-D market risk management strategies, credit risk
concerning Governance Procedures for the Board of management strategies, and Bank asset and
Directors Committee. This Special Policy regulates, liability management strategies in order to meet
among other things, matters that serve as guidelines the Company’s liquidity needs.
for Company officials in carrying out their duties and b. Minimize idle funds.
functions as a Board of Directors Committee and c. Maximizing Bank profitability and maintaining
the implementation of Board of Directors Committee the Bank’s balance sheet structure.
Meetings, one of which is the Assets and Liabilities 2. The duties and functions of the Asset and Liability
Committee (ALCO), including: Committee related to the Asset and Liability
1. Functions and Structure of the Asset and Liability Committee Meeting or ALCO Meeting include the
Committee. following:
2. Responsibilities, Duties, and Functions of the Asset a. Decide on all issues discussed in the Asset
and Liability Committee. and Liability Committee Meeting agenda in
3. Procedures for Holding Meetings of the Asset and accordance with their duties and responsibilities.
Liability Committee. b. Request the relevant Work Unit to implement and
4. Minutes of Meetings and Follow-up of the Asset and follow up on the results of the Asset and Liability
Liability Committee. Committee Meeting.
5. Supporting Group of the Asset and Liability c. Request the relevant Work Units to report on the
Committee. implementation of the results of the decisions
DUTIES AND RESPONSIBILITIES OF THE ASSET of the Asset and Liability Committee Meetings
AND LIABILITIES COMMITTEE periodically, the implementation of which is
carried out by the Management Unit in charge of
Responsibility Compliance.
1. The Assets and Liabilities Committee is responsible 3. The duties and functions of the Asset and Liability
for evaluating, developing and establishing liquidity Committee can also decide that the Bank is in a
management strategies, so that the Company can liquidity crisis condition in accordance with the
fulfill maturing obligations from cash flow funding provisions of the Contingency Funding Plan (CFP).
sources and/or from high quality liquid assets that a. Declares that the Company is in a liquidity
can be pledged as collateral, without disrupting the crisis condition based on the Liquidity
Company’s activities and financial condition. Crisis Management Committee (LCMC)
2. The Assets and Liabilities Committee is responsible Recommendations and states that the liquidity
for determining and evaluating the Company’s crisis has been successfully resolved.
asset and liability position in accordance with the b. Activate the Contingency Funding Plan (CFP)
objectives of managing liquidity risk, interest rate risk when a liquidity crisis occurs and deactivate it
and exchange rate risk. again when the liquidity crisis has been resolved.
3. The Assets and Liabilities Committee is responsible c. activate the Contingency Funding Plan
for determining and evaluating the pricing of the Command Center (CFPCC) when a liquidity crisis
Company’s assets and liabilities, to ensure that the occurs and deactivate it again when the liquidity
prices can optimize the results of investment, minimize crisis has been resolved.
the cost of funds, and maintain the Company’s
balance sheet structure in accordance with the
Company’s ALMA strategy.
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MEMBERSHIP STRUCTURE OF THE ASSET AND LIABILITIES COMMITTEE
The Assets and Liabilities Committee is regulated in the Policy on Board of Directors Governance Procedures in
accordance with Board of Directors Meeting Resolution No. 123 dated August 25, 2025, with the following composition:
Structure Position Voting Rights Information
Chairman President Director (Chairman) Permanent
member
Directors / Vice President Director*) Permanent member
SEVP
Director in charge of Treasury & International Banking Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Risk Management Permanent member
Director in charge of Consumer Banking Permanent member
Director in charge of Commercial Banking Permanent member
Director in charge of Corporate Banking Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Human Capital & Compliance X Permanent member
SEVP in charge of Digital Business Permanent member
SEVP in charge of Asset Management Permanent member
Director in charge of Information Technology Non-Permanent Member
Director in charge of Operations Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
*) Alternate Chairman 1
PROFILE OF ASSETS AND LIABILITIES COMMITTEE MEMBERS
The profiles of ALCO members from the Company’s Board of Directors and SEVP can be seen in the Company Profile
Chapter in the Directors’ Profiles and Officers’ Profiles one level below the Directors in this Annual Report.
INDEPENDENCE OF THE ASSET AND LIABILITIES COMMITTEE
All ALCO members have no financial, management, share ownership and/or family relationships with the Board of
Commissioners, Directors and/or Controlling Shareholders or relationships with the Company, which could affect their
ability to act independently.
TRANSPARENCY OF THE CONCURRENT POSITION OF THE ASSET AND LIABILITIES COMMITTEE
Disclosure of transparency of Concurrent Position of ALCO members from the Board of Directors can be seen in the
Corporate Governance Chapter in the concurrent positions section of this Annual Report.
TERM AND PERIOD OF OFFICE OF THE ASSET AND LIABILITIES COMMITTEE
The term of office and term of office of ALCO, whether from the Board of Directors or SEVP of the Company, follows the
term of office of the Directors and Heads of Divisions of the Company who are members of the committee.
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08 Corporate Governance
TRAINING AND COMPETENCY DEVELOPMENT
Training for ALCO members from the Board of Directors can be seen in the Training and/or Competency Improvement
Subchapter for Directors Members in the Corporate Governance Chapter of this Annual Report.
MEETINGS AND IMPLEMENTATION OF THE DUTIES OF THE ASSET AND LIABILITY COMMITTEE IN 2025
ALCO meeting policies are regulated in KK.9-D of the Board of Directors Committee Governance Procedures. Based
on this Policy, ALCO Committee meetings are held at least once every three months, but if deemed necessary, the
Committee Chair may hold meetings at any time. During 2025, ALCO has carried out its duties and responsibilities
through holding 14 (fourteen) meetings. The meeting dates and agendas according to their duties and responsibilities
are as follows:
No Date Meeting Agenda Quorum
1 January 15, 2025 - Evaluation of TPF Counter Deposit Interest Rates 84,6%
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
2 February 3, 2025 - Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo 100%
3 February 18, 2025 - Evaluation of TPF Counter Deposit Interest Rates 100%
- Evaluation of TPF Special Deposit Interest Rates
4 March 19, 2025 - Liquidity Strategy Throughout Nyepi and Eid al-Fitr 83,3%
5 April 22, 2025 - Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo 71,4%
6 May 27, 2025 - Evaluation of TPF Counter Deposit Interest Rates 71,4%
- Evaluation of TPF Special Deposit Interest Rates
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
7 June 17, 2025 - Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo 71,4%
- Evaluation of Commercial Loan Interest Rates
8 July 22, 2025 - Evaluation of TPF Special Deposit Interest Rates 100%
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
9 September 03, 2025 - Evaluation of TPF Counter Deposit Interest Rates 100%
- Evaluation of TPF Special Deposit Interest Rates
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
10 September 15, 2025 - Evaluation of TPF Special Fund Interest Rates 100%
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
- Commercial Loan Interest Rates
11 September 23, 2025 - Evaluation of TPF Special Deposit Interest Rates 100%
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
12 October 23, 2025 - Evaluation of TPF Commercial Loan Interest Rates 100%
- Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo
- Evaluation of Commercial Loan Interest Rates
13 November 25, 2025 - Evaluation of Interest Rates of Non-Subsidized Consumer Loan Promo 90,9%
- Evaluation of Commercial Loan Interest Rates
14 December 17, 2025 - Liquidity Strategy end of 2025 63,6%
- TPF and Loan Strategy for 2026
CREDIT OR FINANCING POLICY COMMITTEE
The Credit or Financing Policy Committee is a committee that plays a role in formulating policies, supervising policy
implementation, monitoring the development and condition of the credit portfolio and providing direction for
improvement steps in the credit sector.
WORK GUIDELINES FOR THE CREDIT OR FINANCING POLICY COMMITTEE
The work guidelines for the Credit or financing Policy Committee refer to Special Policy No. KK.9-D concerning the
Governance Procedures of the Board of Directors Committee, with the following contents:
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1. Function and Structure
2. Responsibilities, Duties, Functions, and Authorities
3. Provisions for Meetings and Minutes of the Board of Directors Committee Meetings
DUTIES AND RESPONSIBILITIES OF THE CREDIT OR FINANCING POLICY COMMITTEE
The responsibilities of the Credit or financing Policy Committee are as follows:
1. The Credit or Financing Policy Committee is responsible for the decisions made during the Committee’s meetings.
2. The Credit or Financing Policy Committee is responsible for submitting reports on significant decisions made to the
Board of Directors’ meeting and providing a copy to the Board of Commissioners at least once a year.
The duties and functions of the Credit and Financing Policy Committee are as follows:
1. Providing input to the Board of Directors in preparing the Bank’s Credit Policy, particularly related to the formulation
of prudential principles in credit or financing.
2. Supervising the consistent and proper implementation of the Bank’s Credit Policy and formulating solutions to
overcome obstacles or challenges in its application. Additionally, the Credit or Financing Policy Committee
conducts periodic reviews of the Credit Policy and provides recommendations to the Board of Directors if changes
or improvements are necessary.
3. Monitor and evaluate:
a. Development and quality of the overall credit or financing portfolio.
b. Correct implementation of authority to decide on credit or financing.
c. Correctness of the process of granting, development and quality of credit or financing provided to parties
related to the Company and certain large debtors.
d. Correct implementation of LLL provisions.
e. Compliance with statutory provisions and other regulations in the implementation of providing credit or
financing.
f. Settlement of problem loans in accordance with those stipulated in the KPB.
g. The Company’s efforts to meet the adequacy of the amount of credit or financing write-offs.
4. Making decisions on proposed regulations related to credit.
MEMBERSHIP STRUCTURE OF THE CREDIT OR FINANCING POLICY COMMITTEE
The structure and membership of the Credit or Financing Policy Committee refer to Special Policy No. KK.9-D concerning
the Governance Procedures of the Board of Directors Committee in accordance with the Decision of the Board of
Directors Meeting No. 123 dated August 25, 2025, with the following structure and membership:
Voting
Structure Position Information
Rights
Chairman President Director Permanent member
Directors/ SEVP Vice President Director *) Permanent member
Director in charge of Risk Management**) Permanent member
Director in charge of Commercial Banking Permanent member
Director in charge of Consumer Banking Permanent member
Director in charge of Corporate Banking Permanent member
Director in charge of Treasury & International Banking Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Operations Permanent member
Director in charge of Human Capital & Compliance X Permanent member
SEVP in charge of Credit Risk Permanent member
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Voting
Structure Position Information
Rights
Director in charge of Information Technology Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Assets Management Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
*) Substitute Chairman I
**) Substitute Chairman I
PROFILE OF MEMBERS OF THE CREDIT OR FINANCING POLICY COMMITTEE
The profiles of members of the Credit or Financing Policy Committee, both from the Board of Directors and SEVP of
the Company, can be seen in the Company Profile Chapter in the Profile of Directors and Profiles of Officials One Level
Below Directors section in this Annual Report.
INDEPENDENCE OF THE COMMITTEE COMMITTEE ON CREDIT OR FINANCING POLICY
All members of the Credit or Financing Policy Committee do not have financial, management, share ownership and/ or
family relationships with the Board of Commissioners, Directors and/ or Controlling Shareholders or relationships with
the Company, which could affect their ability to act independently.
TRANSPARENCY OF THE CONCURRENT POSITIONS OF THE CREDIT OR FINANCING POLICY COMMITTEE
Disclosure of the transparency of concurrent positions of members of the Credit or Financing Policy Committee from
the Board of Directors can be seen in the Corporate Governance Chapter in the concurrent positions section of this
Annual Report.
TERM OF OFFICE AND PERIOD OF OFFICE OF THE CREDIT OR FINANCING POLICY COMMITTEE
The term of office and term of office of the Credit or Financing Policy Committee, whether from the Board of Directors
or SEVP of the Company, follows the term of office of the Directors and Heads of Divisions of the Company who are
members of the committee.
TRAINING AND COMPETENCE DEVELOPMENT OR FINANCING
Training for members of the Credit or Financing Policy Committee from the Board of Directors can be seen in the
Training and/or Competency Improvement Sub-Chapter for Directors Members in the Corporate Governance Chapter
of this Annual Report.
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE CREDIT OR FINANCING POLICY COMMITTEE IN 2025
The Credit or Financing Policy Committee meetings are held at least once every three months. During 2025, the Credit
Policy Committee carried out its duties and responsibilities through five meetings. The dates of the meetings and their
agendas, in accordance with their duties and responsibilities, are as follows:
No Date Agenda Quorum
1 February 03, 2025 Discussion on the Initial Special Policy on Collection Management and Credit Settlement 91,7%
for the Consumer Segment
2 March 11, 2025 1. Proposed Special Policy on Consumer Credit Distribution Through the Asset Purchase 60%
Scheme
2. Proposed Authority to Decide on Penalty Relief/Elimination for Early Repayment and
Proposed Authority to Decide on Penalty Relief/Elimination, Interest, and Fines for Buyback
Guarantees
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No Date Agenda Quorum
3 July 01, 2025 Proposed Special Policy on Foreign Exchange Proceeds from Export Financing 60%
4 October 07, 2025 Proposed Special Policy on Housing Program Loan Products 60%
5 October 15, 2025 1. Proposed Credit Facilities >90% of the Bank’s Legal Lending Limit may only be granted 80%
for credit facilities guaranteed by the Government of the Republic of Indonesia and
supporting Government Programs
2. The authority to decide on credit facilities, as referred to in point 1 above, is the authority
of the A1 Credit Committee, attended by all Divisions.
Credit Committee
The Credit Committee is a committee that plays a role in providing decisions on granting credit (new credit or credit
restructuring) in accordance with the highest authority based on the Credit Decision Authority Limit (BMPK).
CREDIT COMMITTEE WORK GUIDELINES
The work of the Credit Committee refers to Special Policy (KK).9-D, with the following contents:
— Function and Structure
— Responsibilities, Tasks, Functions, Authorities
— Meeting Provisions and Minutes of the Board of Directors’s Committee Meetings
— Membership of the Credit Committee Meetings
DUTIES AND RESPONSIBILITIES OF THE CREDIT COMMITTEE
The duties and responsibilities of the Credit Committee are as follows:
1. To make decisions on the approval or rejection of credit or financing applications according to specific authorities
established by the Board of Directors.
2. To be responsible for carrying out tasks related to the granting, modification of facilities, and/or restructuring of
credit or financing under its authority limits.
3. To reject requests and/or influence from parties with an interest in the credit or financing applicant for the approval
of credit or financing that is purely formal.
4. To coordinate with the Asset & Liabilities Committee (ALCO) on aspects of credit/ financing funding as well as
credit/financing rates.
CREDIT COMMITTEE MEMBERSHIP STRUCTURE
The Credit Committee in the Policy on the Governance Procedures of the Board of Directors in accordance with the
Decision of the Board of Directors Meeting No. 123 dated August 25, 2025, with the following composition:
1. The types and levels of the Credit Committee based on their authority are divided into the following categories:
No Committee Type Committee Level Work Unit
1 Commitee A A1 Board of Directors
A2
A3
A4W
2 Commitee B B Headquarters
3 Commitee C C1 Regional Office
C2 Commercial Banking Center (CBC)
4 Commitee D D1 Branch Office/Sharia Branch Office
D2
D3
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2. The Credit Committee at the Board of Directors level is divided into 4 (four) levels with a minimum quorum of
Permanent Members present as follows:
Committee Business Risk Function Independent Function
Committee A1 4 people 4 people 1 people
Committee A2 3 people 3 people 1 people
Committee A3 2 people 2 people 1 people
Committee A4 1 people 1 people 1 people
3. Permanent Membership in the Credit Committee at the Board of Directors level is divided into 3 (three) functions
and the voting rights attached to each function are as follows:
Risk Function Business Functions
Position Voting Rights Position Voting Rights
President Director Vice President Director
Director in charge of Director in charge of
Risk Management Consumer Banking
Director in charge Director in charge
of Finance & Strategy of Corporate Banking
Director in charge Director in charge
of Information Technology of Network & Retail Funding
Director in charge
SEVP in charge of Operations
of Commercial Banking
SEVP in charge Director in charge
of Credit Risk of Treasury & International Banking
SEVP in charge SEVP in charge
of Asset Management of Digital Business
Independent Function Voting Rights
Director in charge of Human Capital & Compliance X
Non-Permanent Membership in the Credit Committee at the Board of Directors level is regulated by the following
provisions:
No Non-Permanent Members Voting Rights
1 Head/Deputy Head of the Commercial Credit Business Unit or Official Holding RKK Authority X
2 Head of the Corporate Credit Business Unit or Official Holding RKK Authority X
3 Head of the SME Credit Business Unit or Official Holding RKK Authority X
4 Head of the Sharia Business Unit or Official Holding RKK Authority X
5 Head of the Commercial Asset Management Business Unit or Official Holding RKK Authority X
6 Head of the Financial Institutions and Capital Markets Business Unit or Official Holding RKK Authority X
7 Head/Deputy Head of the Commercial Credit Risk Business Unit or Official Holding RKK Authority X
8 Head of the Commercial Credit Business Unit at the Commercial Banking Center X
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No Non-Permanent Members Voting Rights
9 Head of the Commercial Credit Risk Business Unit at the Commercial Banking Center X
10 Head of the Legal Business Unit or Official Holding RKK Authority X
11 Head of the Compliance Business Unit or Official Holding RKK Authority X
12 Head of the Internal Audit Unit or Official Holding RKK Authority X
4. Membership in the Credit Committee other than at the Board of Directors level is regulated by provisions according
to each level as follows:
A. Credit Committee B
• Permanent member
Risk Function Business Functions
Voting Voting
Position Position
Rights Rights
Head/Deputy Head of the Wholesale Credit
Business Unit or Official Holding RKK Authority
Head of the Corporate Credit Business Unit or
Official Holding RKK Authority
Head of the SME Credit Business Unit or Official
Holding RKK Authority;
Head/Deputy Head of the Commer-cial Credit
Risk Working Unit or Offi-cal Holder of the
Head of the Commercial Financing Business
Wholesale Credit Risk Authority (RKK)
Unit or Official Holding RKK Authority
Head of the Commercial Asset Management
Business Unit or Official Holding RKK Authority
Head of the Financial Institutions and Capital
Markets Business Unit or Official Holding RKK
Authority
• Non-Permanent Members
No Non-permanent Member Voting Rights
1 Head of Commercial Credit Business Unit X
2 Head of Corporate Credit Business Unit X
3 Head of SME Credit Business Unit X
4 Head of Sharia Business Unit X
5 Head of Financial Institutions and Capital Markets Business Unit X
6 Head of Commercial Asset Management Business Unit X
7 Head of Commercial Credit Business Unit at the Commercial Banking Center X
8 Head of Wholesale Credit Risk Business Unit X
9 Head of Commercial Credit Risk Business Unit at the Commercial Banking Center X
10 Head of Legal Business Unit or Authorized Officer X
11 Head of Compliance Business Unit or Authorized Officer X
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08 Corporate Governance
B. Credit Committee C1
• Permanent member
Risk Function Business Functions
Voting Voting
Position Position
Rights Rights
Head of Regional Office
Head of Wholesale Credit Risk Work Unit at the
Regional Office Head of the Commercial Asset Settlement
Work Unit at the Regional Office
• Non-Permanent Members
No Non-Permanent Members Voting Rights
1 Deputy Head of Regional Office X
2 Head of the SME Credit Work Unit at the Regional Office X
3 Head of Commercial Credit Work Unit at the Commercial Banking Center X
4 Head of the Wholesale Credit Risk Work Unit at the Commercial Banking Center X
5 Commercial Credit Risk Analyst at Regional Office **) X
6 Legal Checklist *) X
7 Compliance Checklist *) X
C. Credit Committee C2
• Permanent member
Risk Function Business Functions
Voting Voting
Position Position
Rights Rights
Head of Commercial Credit Work Unit Head of the Commercial redit Risk Work Unit
at the Commercial Banking Center at the Commercial Banking Center
• Non-Permanent Members
No Non-Permanent Members Voting Rights
1 Commercial Credit Work Unit Manager at the Commercial Banking Center X
2 Commercial Credit Risk Work Unit Manager at the Commercial Banking Center X
3 Legal Checklist *) X
4 Compliance Checklist *) X
D. D. Credit Committee D
• Permanent member
Risk Function Business Functions
Voting Voting
Position Position
Rights Rights
Head of SME Credit/ Financing Risk Work Unit at
√ Branch Head or Head of Sharia Branch √
Branch Offices/Sharia Branch Offices
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• Non-Permanent Members
No Non-Permanent Members Voting Rights
1 Head of SME Credit Work Unit at Branch OfficeSME at Branch Office X
2 Head of Commercial Financing Work Unit at the Sharia Branch Office X
3 SME Credit/Financing Risk Analyst at Branch Offices/Sharia Branch Offices X
4 Legal Checklist *) X
5 Compliance Checklist *) X
PROFILE OF CREDIT COMMITTEE MEMBERS a system of checks and balances between the
The profiles of Credit Committee members from both business unit as the initiator and the credit risk unit
the Board of Directors and SEVP of the Company can as the risk mitigation unit.
be seen in the Company Profile Chapter in the Profile 2. Decision-making by the Credit/Financing Committee
of Directors and Profiles of Officials One Level Below is conducted through joint meetings called the
Directors section in this Annual Report. Credit Committee Meeting (RKK).
3. Credit/Financing Committee meetings must reach
INDEPENDENCE OF THE CREDIT COMMITTEE decisions through deliberation and consensus. If
All members of the Credit Committee have no consensus cannot be achieved, decisions must be
financial, management, share ownership and/or family made by voting, requiring more than half ½ of the
relationships with the Board of Commissioners, Directors members with voting rights to agree. There is no
and/or Controlling Shareholders or relationships with escalation of credit or financing decisions to a higher
the Company, which could affect their ability to act authority if consensus is not reached.
independently. 4. Before the Credit/Financing Committee Meeting
(RKK), a pre-meeting (Pre-RKK) is conducted to
TRANSPARENCY OF CONCURRENT POSITIONS OF THE coordinate and discuss credit applications, facility
CREDIT COMMITTEE changes, or credit/financing restructuring by the
Disclosure of the transparency of concurrent positions relevant work units.
of members of the Credit Committee from the Board of 5. Every Decision from the Credit or Financing
Directors can be seen in the Corporate Governance Chapter Committee must be recorded, documented, and
in the concurrent positions section of this Annual Report. signed by the Permanent and Non-Permanent
Members of the Credit Committee.
TERM OF OFFICE AND PERIOD OF OFFICE OF THE CREDIT
COMMITTEE Meeting Implementation
The term of office and term of office of the Credit The organization of the Credit Committee is proposed
Committee, whether from the Board of Directors or by the Proposing Division, in this case the Commercial
SEVP of the Company, follows the term of office of the Credit Business Division and the Commercial Credit Risk
Directors and Heads of Divisions of the Company who Division. During 2025, the Credit Committee carried out
are members of the committee. its duties and responsibilities through a total of 3,041
meetings at various levels, with the details as follows:
TRAINING AND COMPETENCY DEVELOPMENT
Training for Credit Committee members from the
Credit Number
Board of Directors can be seen in the Training and/or No Quorum
Committee Level of Meetings
Competency Improvement Sub-chapter for Directors
Members in the Corporate Governance Chapter of this 1 Credit Committee A 147 100%
Annual Report. Credit Committee B
2 164 100%
MEETINGS AND IMPLEMENTATION OF CREDIT COMMITTEE 3 Credit Committee C1 128 100%
TASKS IN 2025 Credit Committee C2
4 501 100%
Meeting Policy 5 Credit Committee D 2.101 100%
1. The composition of the Credit/Financing Committee
consists of business functions and risk functions.
This division of two (2) functions aims to establish
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HUMAN CAPITAL COMMITTEE
The Human Capital Committee is a committee that plays a role in improving the quality of Human Capital policies by
adhering to the principles of good governance and enhancing the quality of human capital management to support
the Company’s business strategy.
HUMAN CAPITAL COMMITTEE WORK GUIDELINES
The work guidelines of the Human Capital Committee refer to the Special Policy KK.9 – D on the Procedures for the
Governance of the Board of Directors’ Committee, with the following content:
1. Function and Structure
2. Responsibilities, Duties, Functions, and Authority
3. Meeting Regulations and Minutes of the Board of Directors Committee Meetings.
DUTIES AND RESPONSIBILITIES OF THE HUMAN CAPITAL COMMITTEE
The duties and responsibilities of the Human Capital Committee are to assist the President Director with matters
relating to, among other things and at least include:
1. Recommend strategies, policies and human capital management systems that are in line with the Company’s
Business Plan.
2. Has the authority to make decisions regarding the implementation of management in the personnel sector.
3. Responsible for recommending policy proposals which will then be decided through the mechanism of the
4. Board of Directors Meeting. Decide on proposed Bank policies, standards and procedures related to human capital.
5. Has the authority to make decisions other than points 1 – 4 above if given a mandate by the Board of Directors
Meeting.
6. If necessary, coordinate with the Remuneration and Nomination Committee in reviewing the Human Capital
Management system/policy.
7. The Human Capital Committee at the Headquarters is responsible for reporting significant decisions to the Board
of Directors’ Meeting at least once a year.
MEMBERSHIP STRUCTURE OF THE HUMAN CAPITAL COMMITTEE
The Human Capital Committee is regulated in the Policy on Board of Directors' Governance Procedures in accordance
with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following composition:
Structure Position Voting Rights Information
Chairman President Director Permanent member
Member Vice President Director*) Permanent member
Director in charge of Human Capital & Compliance Permanent member
Director in charge of Risk Management Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Consumer Banking Permanent member
Director in charge of Corporate Banking Permanent member
Director in charge of Commercial Banking Permanent member
Director in charge of Operations Permanent member
Director in charge of Treasury & International Banking Permanent member
SEVP in charge of Digital Business Permanent member
SEVP in charge of Assets Management Permanent member
SEVP in charge of Credit Risk Permanent member
Note:
*) Substitute Chairperson I
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PROFILE OF MEMBERS OF THE HUMAN CAPITAL COMMITTEE
The profiles of members of the Human Capital Committee, both those from the Board of Directors and SEVP of the
Company, can be seen in the Company Profile Chapter in the Profile of Directors and Profiles of Officials One Level
Below Directors section in this Annual Report.
INDEPENDENCE OF THE HUMAN CAPITAL COMMITTEE
All members of the Human Capital Committee have no financial, management, share ownership and/or family
relationships with the Board of Commissioners, Directors and/ or Controlling Shareholders or relationships with the
Company, which could affect their ability to act independently.
TRANSPARENCY OF CONCURRENT POSITIONS OF THE HUMAN CAPITAL COMMITTEE
Disclosure of transparency of concurrent positions of members of the Human Capital Committee from the Board of
Directors can be seen in the Corporate Governance Chapter in the concurrent positions section of this Annual Report.
TERM OF OFFICE AND PERIOD OF OFFICE OF THE HUMAN CAPITAL COMMITTEE
The term of office and term of office of the Human Capital Committee, whether from the Board of Directors or SEVP of
the Company, follows the term of office of the Directors and Heads of Divisions of the Company who are members of
the committee.
TRAINING AND COMPETENCY DEVELOPMENT
Training for Human Capital Committee members from the Board of Directors can be seen in the Training and/ or
Competency Improvement Sub-chapter for Directors Members in the Corporate Governance Chapter of this Annual
Report.
MEETINGS AND IMPLEMENTATION OF DUTIES OF THE HUMAN CAPITAL COMMITTEE IN 2025
The Human Capital Committee meeting policy is conducted at least once every three months. During 2025, the Human
Capital Committee has carried out its duties and responsibilities through 26 (twenty-six) meetings. The dates of the
meetings and the agendas in accordance with its duties and responsibilities are as follows:
No Date Meeting Agenda Quorum
1 January 20, 2025 Discussion on Talent Mobility for Structural Officials 100%
2 January 30, 2025 Discussion on Transfers and Rotations for Structural Officials 100%
3 February 18, 2025 Filling SEVP and Structural Official Positions 100%
4 February 24, 2025 Discussion on BTN's Nominated Talent for 2025 100%
5 March 4, 2025 Discussion on Talent Mobility & Structural Position Filling 100%
6 March 6, 2025 Discussion on Talent Mobility for Branch Manager Positions 100%
7 March 18, 2025 1) Proposed Performance Rating Distribution Table for the 2024 Fiscal Year 100%
Performance Assessment
2) Proposed Increase in Authority for the Assessment Committee
8 April 10, 2025 Discussion on the Employee Prosperity Program for 2024 Fiscal Year 100%
9 April 21, 2025 Presentation of BTN's 2024 Employee Engagement Survey (EES) Results 100%
10 April 21, 2025 1) Proposed Individual Performance Assessment for Division Heads, Deputy Division 100%
Heads, Regional Heads, Deputy Regional Heads, Conventional and Sharia Branch
Heads for 2024 Fiscal Year, and Talent Mobility Measurement.
2) Proposed Employee Prosperity Program (Annual Bonus) for 2024 Fiscal Year.
11 April 21, 2025 Discussion on Talent Mobility in Affiliated Companies 100%
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08 Corporate Governance
No Date Meeting Agenda Quorum
12 May 23, 2025 Discussion on Talent Mobility & Structural Position Fulfillment 100%
13 June 16, 2025 Discussion of the 2025-2029 Human Capital Long-Term Development Plan 100%
14 June 26, 2025 Discussion on Talent Mobility for Branch Managers 100%
15 June 30, 2025 Improvement of the 2025 Salary Increase Mechanism and Allowances for Business 100%
Unit Leadership Positions
16 June 30, 2025 Discussion on Talent Mobility for Regional Office Officials 100%
17 July 8, 2025 Discussion on Talent Mobility for Sharia Business Unit Officials 100%
18 July 22, 2025 Discussion on Talent Mobility for Structural Officials 100%
19 August 8, 2025 Discussion on Talent Mobility for Structural Officials 100%
20 August 20, 2025 Discussion of the Culture Roadmap 2025-2029 100%
21 August 27, 2025 Discussion on Talent Mobility for Structural Officials 100%
22 August 27, 2025 Discussion on Talent Mobility for Structural Officials 100%
23 August 27, 2025 Discussion of the Proposed Establishment and Remuneration of SEVP 100%
24 September 2, 2025 Discussion on Talent Mobility for Structural Officials 100%
25 September 2, 2025 Proposed Remuneration for Subsidiary Management 100%
26 September 9, 2025 Discussion on Talent Mobility for Structural Positions & Assignments 100%
27 September 16, 2025 Discussion on Talent Mobility for L1 Structural Officials 100%
28 September 17, 2025 Discussion on Talent Mobility for Branch Managers 100%
29 October 27, 2025 Discussion on Talent Mobility for Structural Officials 100%
30 December 23, 2025 Discussion on Talent Mobility for Structural Officials 100%
Information Technology Steering Committee DUTIES AND RESPONSIBILITIES OF THE INFORMATION
TECHNOLOGY STEERING COMMITTEE
In accordance with Financial Services Authority
Regulation Number 11/POJK.03/2022 concerning The responsibilities of the Information Technology
the Implementation of Information Technology by Steering Committee are as follows:
Commercial Banks, Companies are required to have 1. The Information Technology Steering Committee is
an Information Technology Steering Committee. To responsible for the recommendations agreed upon
support this, there needs to be provisions governing in the Information Technology Steering Committee
the Information Technology Steering Committee. In this meetings.
regard, the Board of Directors considers it necessary 2. The Information Technology Steering Committee is
to regulate provisions regarding the Information responsible for reporting significant decisions made
Technology Steering Committee in the form of Special to the Board of Directors meetings.
Policy Number KK.9-D concerning Governance 3. The committee is responsible for establishing
Procedures for the Board of Directors Committee. corrective measures concerning issues related to
the implementation of risk management in BTN..
INFORMATION TECHNOLOGY STEERING COMMITTEE WORK
GUIDELINES The tasks and functions of the Information Technology
Steering Committee include providing recommendations
The working guidelines for the Information Technology to the Board of Directors on the following:
Steering Committee refer to the Company’s internal 1. Ensuring that the Information Technology Strategic
provisions, specifically the Special Policy Number KK.9-D Plan is aligned and in line with the Company’s
regarding the Governance Procedure of the Board of strategic business plan, as outlined in the Long-
Directors Committee. Term Plan (RJP). In providing recommendations, the
Information Technology Steering Committee must
consider efficiency and effectiveness, as well as the
following factors:
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PT Bank Tabungan Negara (Persero) Tbk
a. A roadmap to achieve Information Technology 7. Evaluating the cost-effectiveness of IT investments
needs that support the Company’s business concerning the planned benefits.
strategy. The roadmap consists of the current 8. Monitoring Information Technology performance
state, the desired future state, and the steps to and efforts to improve its performance.
be taken to achieve the desired state. 9. Addressing issues related to Information Technology
b. The resources needed; that cannot be resolved effectively, efficiently, and
c. The benefits to be obtained when the RSTI is on time by the Users and Information Technology
implemented, and Providers.
d. Potential obstacles that may arise during the 10. The sufficiency and allocation of resources within the
implementation of the RSTI. Company.
2. Deciding on proposals regarding policies, standards, 11. The effectiveness of measures to minimize risks
and procedures related to Information Technology regarding the company’s investment in Information
within the Bank. Technology to ensure that these investments
3. Ensuring the implementation of the Information contribute to achieving the Company’s business
Technology Strategic Plan (RSTI) as outlined in the goals.
Company’s Work and Budget Plan (RKAP). 12. Strategies and corrective actions concerning the
4. Evaluating, directing, and monitoring the implementation or risk management related to
implementation of Information Technology operations. Information Technology, Digital, and Cyber aspects
5. Monitoring the prioritization of IT APEX and IT OPEX for in the Company.
the development of Information Technology based
on the RSTI. MEMBERSHIP STRUCTURE OF THE INFORMATION
6. Having the authority to make decisions on TECHNOLOGY STEERING COMMITTEE
prioritization and reallocation of IT CAPEX, IT OPEX,
and IT Plans by considering the following aspects: The structure and membership of the Information
a. Alignment between the Information Technology Technology Steering Committee (KPTI) refer to Special
development plan and the RSTI; and Policy No. KK.9-D concerning the Governance Procedures
b. Alignment between the implementation of of the Board of Directors Committee in accordance with
Information Technology development and the Decision of the Board of Directors Meeting No. 123
the agreed-upon Information Technology dated August 25, 2025, with the following structure and
Development Plan portfolio list. membership:
Structure Position Voting Rights Information
Chairman President Director Permanent member
Anggota Vice President Director*) Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Risk Management Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Operations Permanent member
SEVP in charge of Digital Business Permanent member
Director in charge of Treasury & International Banking Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
SEVP in charge of Assets Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
*) Vice President Director as Substitute Chairman I.
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PROFILE OF TECHNOLOGY STEERING COMMITTEE TERM AND PERIOD OF OFFICE OF THE INFORMATION
MEMBERSINFORMATION TECHNOLOGY STEERING COMMITTEE
The profiles of members of the Information Technology The term of office and term of office of the Information
Steering Committee, both from the Board of Directors Technology Steering Committee, whether from the
and SEVP of the Company, can be seen in the Company Board of Directors or SEVP of the Company, follows the
Profile Chapter in the Profile of Directors and Profiles of term of office of the Directors and Heads of Divisions of
Officials One Level Below Directors section in this Annual the Company who are members of the committee.
Report.
TRAINING AND COMPETENCY DEVELOPMENT
INDEPENDENCE OF THE TECHNOLOGY STEERING
COMMITTEE INFORMATION Training for Information Technology Steering
Committee members from the Board of Directors can be
All members of the Information Technology Steering seen in the Training and/or Competency Improvement
Committee have no financial, management, share Sub-chapter for Directors Members in the Corporate
ownership and/or family relationships with the Board Governance Chapter of this Annual Report.
of Commissioners, Directors and/ or Controlling
Shareholders or relationships with the Company, which MEETING AND IMPLEMENTATION OF DUTIES OF THE
could affect their ability to act independently. INFOMATION TECHNOLOGY STEERING COMMITTEE IN 2025
TRANSPARENCY OF CONCURRENT POSITIONS OF The implementation of the Information Technology
INFORMATION TECHNOLOGY STEERING COMMITTEE Steering Committee (ITSC) meetings is carried out at
least 4 (four) times during the current year. If deemed
Disclosure of transparency of concurrent positions necessary, the ITSC meetings can be held at any time
of members of the Information Technology Steering upon a written request from permanent members of
Committee from the Board of Directors can be seen in the Information Technology Steering Committee (ITSC).
the Corporate Governance Chapter in the concurrent During 2025, the ITSC has carried out its duties and
positions section of this Annual Report. responsibilities through 4 (four) meetings. The dates of
the meetings and the meeting agendas according to
their duties and responsibilities are as follows:
No Date Meeting Agenda Quorum
1 January 30, 2025 • 2025 Initiative Plan. 100%
• Core banking system modernization.
2 June 24, 2025 • Project update: New Branch Delivery System NEXA, modernization of the core 100%
banking system and tech refreshment of the IBM Power 10 core banking server.
• 2025 Initiative Plan.
• Update on IT, Digital, and Cyber Risk Management.
3 September 16, 2025 • RSTI Progress Update and Priority Projects. 100%
• IT Strategic Plan 2025–2029 of Sharia Commercial Bank.
4 December 16, 2025 1. RSTI 2025-2029 100%
• Review of RSTI 2025-2029 in 2025.
• Adjustments of RSTI 2025-2029.
• Digital Maturity Assessment for Banks (DMAB) 2025 Maturity Reporting
• Adjustments of IT Organization.
2. 2025 Initiative Update
• NEXA Branch Delivery System Modernization Progress.
• Sharia Commercial Bank OD1 Technology Readiness.
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TRANSFORMATION STEERING COMMITTEE
The function of the Transformation Steering Committee is to assist the Board of Directors in determining priorities and
deciding on the implementation of Transformation initiatives in accordance with the Company’s business strategy
in the fields of Human Capital, Organization & Governance, Risk Management and Compliance (GRC); information
Technology, Digital and Network; Commercial Banking & Business Process, Consumer Banking & Sharia; Partnership &
Project Management.
TRANSFORMATION STEERING COMMITTEE WORK GUIDELINES
The Transformation Steering Committee’s work guidelines refer to Special Policy No. KK.9-D concerning Governance
Procedures for the Board of Directors Committee. These guidelines regulate the followings:
1. Functions and Structure
2. Responsibilities, Duties, Functions, and Authorities
3. Provisions for Meetings and Minutes of Meetings of the Board of Directors Committee.
MEMBERSHIP STRUCTURE OF THE TRANSFORMATION STEERING COMMITTEE
The Transformation Steering Committee is regulated in the Policy on Board of Directors' Governance Procedures in
accordance with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following composition:
Transformation Steering Committee is linked to the Human Capital Organization & GRC
Structure and Membership of the Transformation Steering Committee related to Human Capital, Organization, and
GRC are regulated as follow:
Voting Permanent Member/
Structure Position
Rights Non Member
Chairman Director in charge of Transformation and Risk Management Permanent member
Member Director in charge of Human Capital & Compliance Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Operations Non-Permanent Member
Director in charge of Treasury & International Banking Non-Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
Director in charge of Finance & Strategy Non-Permanent Member
Director in charge of Information Technology Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
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Transformation Steering Committee regarding IT, Digital & Network
The structure and membership of the Transformation Steering Committee related to lT, Digital & Network are regulated
as follows:
Voting Permanent Member/
Structure Position
Rights Non Member
Chairman Director in charge of Transformation and Risk Management Permanent member
Member Director in charge of Information Technology Permanent member
Director in charge of Network & Retail Funding Permanent member
SEVP in charge of Digital Business Permanent member
Director in charge of Human Capital & Compliance X Non-Permanent Member
Director in charge of Operations Non-Permanent Member
Director in charge of Treasury & International Banking Non-Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
Director in charge of Finance & Strategy Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
Transformation Steering Committee related to Business Process Improvement
The structure and membership of the Transformation Steering Committee related to Business Process Improvement
(BPI) are regulated as follows:
Voting Permanent Member/
Structure Position
Rights Non Member
Chairman Director in charge of Transformation and Risk Management Permanent member
Member Director in charge of Operations Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Human Capital & Compliance X Non-Permanent Member
Director in charge of Treasury & International Banking Non-Permanent Member
Director in charge of Finance & Strategy Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
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Transformation Steering Committee related to Partnership & Project Management
The structure and membership of the Transformation Steering Committee related to Partnership & Project Management
are regulated as follows:
Voting Permanent Member/
Structure Position
Rights Non Member
Chairman Director in charge of Transformation and Risk Management Permanent member
Member Director in charge of Finance & Strategy Permanent member
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Operations Non-Permanent Member
Director in charge of Treasury & International Banking Non-Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
Director in charge of Information Technology Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
DUTIES AND RESPONSIBILITIES OF THE TRANSFORMATION STEERING COMMITTEE
1. Responsibilities of the Transformation Steering Committee
a. The Transformation Steering Committee is responsible for decisions made during the Transformation Steering
Committee meetings and Board of Directors meetings.
b. The Transformation Steering Committee is responsible for submitting reports on Significant Decisions made to
the Board of Directors at least once a year.
c. Establish improvement measures regarding matters related to transformation and report them to the Board of
Directors.
2. Duties and Functions of the Transformation Steering Committee
a. Determine prioritization and decide on the implementation of the Transformation Initiative in line with the Bank’s
Business Strategy, in the following areas:
— Human Capital, Organization & Governance, Risk Management and Compliance (GRC).
— Information Technology (IT), Digital & Network.
— Business Process Improvement
— Partnership & Project Management.
b. Decide policies related to the implementation of Transformation Initiatives.
c. Propose policies related to Transformation Initiatives to be decided upon in Board of Directors meetings if
necessary.
d. Monitor the implementation of Transformation Initiatives decided by the Transformation Steering Committee
and report to the Board of Directors as a basis for follow-up decisions on Transformation Initiatives.
e. Decision-making authority within the Transformation Steering Committee is adjusted to the regulations and
policies applicable to each area of discussion.
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PROFILE OF TRANSFORMATION STEERING COMMITTEE TERM AND PERIOD OF OFFICE OF THE TRANSFORMATION
MEMBERS STEERING COMMITTEE
The profiles of the members of the Transformation The term of office and term of office of the Transformation
Steering Committee, both those from the Board of Steering Committee, both from the Board of Directors
Directors and SEVP of the Company, can be seen in the and SEVP of the Company, follows the terms of office
Company Profile Chapter in the Profile of Directors and of the Directors and Heads of Divisions of the Company
Profiles of Officials One Level Below Directors section in who are members of the committee.
this Annual Report.
TRAINING AND COMPETENCY DEVELOPMENT
INDEPENDENCE OF THE TRANSFORMATION STEERING
COMMITTEE Training for Transformation Steering Committee
members from the Board of Directors can be seen
All members of the Transformation Steering Committee in the Training and/or Competency Improvement
have no financial, management, share ownership and/ Sub-chapter for Directors Members in the Corporate
or family relationships with the Board of Commissioners, Governance Chapter of this Annual Report.
Directors and/ or Controlling Shareholders or
relationships with the Company, which could affect their MEETINGS AND IMPLEMENTATION OF TASKS OF THE
ability to act independently. TRANSFORMATION STEERING COMMITTEE IN 2025
TRANSPARENCY OF CONCURRENT POSITIONS OF THE In accordance with Special Policy No. KK.9-D regarding
TRANSFORMATION STEERING COMMITTEE the Governance Procedures of the Board of Directors
Committee, the Transformation Steering Committee
Disclosure of transparency of concurrent positions of meetings must be held at least 2 (two) times during the
members of the Transformation Steering Committee current year. During 2025, the Transformation Steering
from the Board of Directors can be seen in the Corporate Committee carried out its duties and responsibilities
Governance Chapter in the concurrent positions section through a total of 25 (twenty-five) meetings. The dates
of this Annual Report. and agendas of the meetings, in line with their duties
and responsibilities, are as follows:
No. Date Meeting Agenda Quorum
1 June 23, 2025 Steering Committee of Central Sales Management (CSM) Project 100%
2 July 09, 2025 Transformation Committee of Corporate Plan Initiative Priority 2 100%
3 July 16, 2025 Transformation Committee of Corporate Plan Initiative Priority 2 100%
4 September 26, 2025 For Changes in Organizational Structure 100%
5 November 12, 2025 Steering Committee for Changes in Organizational Structure 100%
Business Committee
The Business Committee is a committee that plays a role in formulating, deciding upon, supervising, and monitoring
the implementation of business policies and strategies, monitoring business developments, and providing
recommendations for corrective measures related to the Bank’s business activities.
BUSINESS COMMITTEE WORK GUIDELINES
The Business Committee’s work Guidelines refer to Special Policy No. KK.9-D, regarding the Governance Procedures of
the Board Committees.
DUTIES AND RESPONSIBILITIES OF THE BUSINESS COMMITTEE
1. The Business Committee is responsible for decisions made at Business Committee Meetings and Board of Directors
Meetings.
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2. The Business Committee is responsible for submitting reports on Significant Decisions made to the Board of
Directors Meeting at least once a year.
3. Determine corrective steps regarding matters related to Bank Product development and report to the Board of
Directors.
BUSINESS MEMBERSHIP STRUCTURE
The Business Committee is regulated in the Policy on Board of Directors' Governance Procedures in accordance with
Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following composition:
Structure Position Voting Rights Description
Chairman Vice President Director (Chairman) Permanent
(concurrently Member
permanent member
Directors / SEVP Director in charge of Network & Retail Funding* Permanent member
Director in charge of Consumer Banking Permanent member
Director in charge of Risk Management Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Operations Permanent member
Director in charge of Treasury & International Banking Permanent member
Director in charge of Commercial Banking Permanent member
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Corporate Banking Permanent member
SEVP in charge of Digital Business Permanent member
Director in charge of Finance & Strategy Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
Note :
a. If the President Director attends a Business Committee meeting, he/she acts as chairman and has voting rights.
b. *Alternate Chairman I
PROFILE OF BUSINESS COMMITTEE MEMBERS
The profiles of Business Committee members from both the Board of Directors and SEVP of the Company can be seen
in the Company Profile Chapter in the Profile of Directors and Profiles of Officials One Level Below Directors section in
this Annual Report.
INDEPENDENCE OF THE BUSINESS COMMITTEE
All members of the Business Committee have no financial, management, share ownership and/or family relationships
with the Board of Commissioners, Directors and/or Controlling Shareholders or relationships with the Company, which
could affect their ability to act independently.
TRANSPARENCY OF CONCURRENT POSITIONS OF THE BUSINESS COMMITTEE
Disclosure of transparency of concurrent positions of members of the Business Committee from the Board of Directors
can be seen in the Corporate Governance Chapter in the dual positions section of this Annual Report.
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TERM OF OFFICE AND PERIOD OF OFFICE OF THE BUSINESS COMMITTEE
The term of office and term of office of the Business Committee, whether from the Board of Directors or SEVP of the
Company, follows the term of office of the Directors and Heads of Divisions of the Company who are members of the
committee.
TRAINING AND COMPETENCY DEVELOPMENT
Training for Business Committee members from the Board of Directors can be seen in the Training and/or Competency
Improvement Sub-chapter for Directors Members in the Corporate Governance Chapter of this Annual Report.
IMPLEMENTATION OF TASKS OF THE BUSINESS COMMITTEE IN 2025
In accordance with Special Policy No. KK.9-D concerning the Governance Procedures of the Board of Directors
Committee, the Business Committee Meeting shall be held at least once every three months. During 2025, the Business
Committee has carried out its duties and responsibilities through 5 (five) meetings. The meeting dates and agendas
according to the duties and responsibilities carried out are as follows:
No. Date Meeting Agenda Quorum
1 July 1, 2025 Business Financing for Small and Medium Enterprises 83,33%
2 July 15, 2025 BTN Private 66,67%
3 September 9, 2025 New BTN Credit Card Product 72,73%
4 September 9, 2025 Changes to Personal Loan Insurance Features & Terms 72,73%
5 October 21, 2025 New Fund Management Contract Product 63,64%
Environmental, Social and Governance Committee
The ESG Committee plays an active role in providing recommendations to the President Director regarding the
management of business practices focused on sustainable development performance (SDG). Additionally, the ESG
Committee is actively involved in identifying, measuring, monitoring, and evaluating ESG initiatives embedded in every
new product and/ or service/activity, so the Company can take the necessary steps in alignment with the Sustainable
Development Goals (SDGs), which include:
1. Management of products and services that support the transition process to a low-carbon economy while
maintaining social balance by providing equal access to capital (Sustainable Finance).
2. Management of climate change risks and their impacts on ecosystem capacity (Climate Change and Ecosystems).
3. Management of impacts on individuals, communities, and society at large (People and Community).
WORK GUIDELINES OF THE ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
The work guidelines of the Environmental, Social, and Governance (ESG) Committee refer to Special Policy No. KK.9-D,
regarding the Governance Procedures of the Board Committees.
DUTIES AND RESPONSIBILITIES OF THE ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
1. Responsibilities of the ESG Committee
a. The ESG Committee is responsible for decisions made at ESG Committee meetings and Board of Directors
meetings.
b. The ESG Committee is responsible for submitting a report on significant decisions made to the Board of Directors
meeting at least once in a year.
c. The ESG Committee is responsible for establishing corrective measures related to ESG and CSR programs,
including Community Development, Micro and Small Enterprise Funding (PUMK), the Sustainable Finance Action
Plan, and business activities within the framework of the Bank’s responsibility to the public for the business risks
posed by the Company, and reporting these to the Board of Directors.
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2. Duties and Functions of the ESG Committee
a. Making decisions on the Company’s strategies that impact the environment, society, and community within the
ESG Program and Roadmap.
b. Monitoring the implementation of the Company’s ESG Strategy and Roadmap.
c. Providing information to Company Management on all ESG-related issues, including legislation, government
programs, international developments, future business trends, and climate change.
d. Monitoring, evaluating, and providing recommendations on the results of ESG reports, Investor Concern, or
other third parties regarding ESG implementation.
e. Making decisions related to:
- Objectives and implementation guidelines of the TJSL Program.
- Mapping and Development of the TJSL Program TJSL.
- Evaluation of the TJSL Program implementation.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE MEMBERSHIP STRUCTURE
The Environmental, Social and Governance Committee is regulated in the Policy on Board of Directors' Governance
Procedures in accordance with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following
composition:
Structure Position Voting Rights Description
Chairman President Director Permanent member
Directors / SEVP Vice President Director *) Permanent member
Director in charge of Risk Management **) Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Information Technology Permanent member
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Operations Permanent member
Director in charge of Treasury & International Banking Permanent member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
*) Alternate Chairman I
**) Alternate Chairman II
PROFILE OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE MEMBERS
The profiles of members of the Environmental, Social and Governance (ESG) Committee, both those from the Board of
Directors and SEVP of the Company, can be seen in the Company Profile Chapter in the Profile of Directors and Profiles
of Officers One Level Below Directors section in this Annual Report.
INDEPENDENCE OF THE ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE
All members of the Environmental, Social and Governance (ESG) Committee have no financial, management, share
ownership and/or family relationships with the Board of Commissioners, Directors and/or Controlling Shareholders or
relationships with the Company, which could affect their ability to act independently.
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TRANSPARENCY OF CONCURRENT POSITIONS OF THE COMMITTEE ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Disclosure of transparency of concurrent positions of members of the Environmental, Social and Governance (ESG)
Committee from the Board of Directors can be seen in the Corporate Governance Chapter in the dual positions section
of this Annual Report.
TERM OF OFFICE AND PERIOD OF OFFICE OF THE COMMITTEE ENVIRONMENTAL, SOCIAL AND GOVERNANCE
The term of office and period of office of the Environmental, Social and Governance (ESG) Committee, whether from
the Board of Directors or SEVP of the Company, follows the term of office of the Directors and Heads of Divisions of the
Company who are members of the committee.
TRAINING AND COMPETENCY DEVELOPMENT
Training for Environmental, Social and Governance (ESG) Committee members from the Board of Directors can be seen
in the Training and/ or Competency Improvement Sub-chapter for Directors Members in the Corporate Governance
Chapter of this Annual Report.
IMPLEMENTATION OF THE DUTIES OF THE ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITTEE IN 2025
The meeting policy of the Environmental, Social, and Governance Committee is regulated in the Board of Directors’
Committee Governance Procedure. Based on this policy, the Environmental, Social, and Governance Committee
meetings are held at least 2 (two) times per year. During 2025, the Environmental, Social, and Governance Committee
has carried out its duties and responsibilities through the implementation of 2 (two) meetings. The dates of the
meetings and their agendas in accordance with their duties and responsibilities are as follows.
No. Date Meeting Agenda Quorum
1 July 15, 2025 Analysis of Portfolio Guideline Adjustments for Specific Sectors 100%
2 November 25, 2025 Approval of the 2026 Sustainable Finance Action Plan 75%
Capital and Subsidiary Committee
Capital and Subsidiary Committee is a committee that plays a role in decision-making regarding corporate actions,
capital participation, selection of investment partners, review of existing investments, and other investment activities
for the benefit of the Company. The Capital and Subsidiary Committee was established based on the Board of Directors
Meeting Resolution No. 123 dated August 25, 2025.
CAPITAL AND SUBSIDIARY COMMITTEE WORK GUIDELINES
The Capital and Subsidiary Committee work guidelines referred to Special Policy No. KK.9-D regarding the Board of
Commissioners Committee Governance Procedures.
CAPITAL AND SUBSIDIARY COMMITTEE WORK GUIDELINES
1. Responsibilities of the Capital and Subsidiary Committee
a. The Capital and Subsidiary Committee is responsible for decisions made at Capital and Subsidiary Committee
meetings and Board of Directors meetings.
b. The Capital and Subsidiary Committee is responsible for submitting a report to the Board of Directors every 1
(once) year.
2. Duties and Functions of the Capital and Subsidiary Committee
a. Related to Company investment activities and Corporate Action
- Discussing, recommending, and determining investment strategies, corporate action plans and optimal
capital structure planning.
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-Discussing, recommending, and approving investment plans, capital participation, and releasing of capital
participation/divestment according to authority.
b. Regarding the management of subsidiaries
- Reviewing the proposed corporate actions of Subsidiaries and the realization of the Subsidiary's RJPP, RKAP,
and RBB.
- Discussing, recommending, and providing feedback on reports submitted by subsidiaries, such as
Compliance Reports and appointment of external auditors.
- Discussing, recommending, and making decisions on proposed subsidiaries related to business
development and investment.
c. Regarding investment in Venture Funds
- Discussing, recommending, and establishing investment plans in venture funds.
- Discussing, recommending, and approving the selection of Venture Capital Companies (PMV).
- Discussing, recommending, and approving the implementation of the purchase and sale of Venture Fund
Participation Units.
- Discussing, reviewing, and recommending investment optimization.
CAPITAL AND SUBSIDIARY COMMITTEE MEMBERSHIP STRUCTURE
The Capital and Subsidiary Committee is regulated in the Policy on Board of Directors' Governance Procedures in
accordance with Board of Directors Meeting Decision No. 123 dated August 25, 2025, with the following composition:
Structure Position Voting Rights Description
Chairman President Director Permanent member
Member Vice President Director *
Permanent member
Director in charge of Human Capital & Compliance X Permanent member
Director in charge of Finance & Strategy Permanent member
Director in charge of Risk Management Permanent member
Director in charge of Network & Retail Funding Permanent member
Director in charge of Treasury & Interational Banking Permanent member
Director of Subsidiary Supervision Permanent member
Director in charge of Operations Non-Permanent Member
Director in charge of Information Technology Non-Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
SEVP in charge of Business Digital Non-Permanent Member
SEVP in charge of Assets Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
*) Alternate Chairperson I
**) Alternate Chairperson II
PROFILE OF CAPITAL AND SUBSIDIARY COMMITTEE MEMBERS
The Capital and Subsidiary Committee’s member profile , both from the Board of Directors and SEVPs of the Company,
can be seen in the Company Profile Chapter in the Profile of the Board of Directors and Profile of Officials One Level
Below the Board of Directors section in this Annual Report.
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INDEPENDENCE OF CAPITAL AND SUBSIDIARY COMMITTEE
Members of the Capital and Subsidiary Committee does not have any financial, management, share ownership and/
or family relationship with the Board of Commissioners, Directors and/or Controlling Shareholders or relationship with
the Company, which may affect the ability to act independently.
TRANSPARENCY OF CONCURRENT POSITIONS OF THE CAPITAL AND SUBSIDIARY COMMITTEE
Transparency disclosure of concurrent positions held by members of the Capital and Subsidiary Committee who are
members of the Board of Directors can be seen in the Corporate Governance Chapter in the concurrent positions
section of this Annual Report.
TERM OF OFFICE AND PERIOD OF OFFICE OF THE CAPITAL AND SUBSIDIARY COMMITTEE
The term of office and service of the Capital and Subsidiary Committee , whether from the Board of Directors or SEVP
of the Company, follow the term of office of the Board of Directors and Head of Division of the Company, who were
members of the committee.
TRAINING AND COMPETENCY DEVELOPMENT OF CAPITAL AND SUBSIDIAL COMMITTEE
Training for members of the Capital and Subsidiary Committee who come from the Board of Directors can be seen in
the Sub-Chapter on Training and/or Competency Improvement for Members of the Board of Directors in the Corporate
Governance Chapter in this Annual Report.
IMPLEMENTATION OF THE CAPITAL AND SUBSIDIAL COMMITTEE'S DUTIES IN 2025
The meeting policy of the Capital and Subsidiary Committee is regulated in the Board of Directors Committee Governance
Procedure. According to this policy, the Capital and Subsidiary Committee meetings are held at least once every three
months. During 2025, the Capital and Subsidiary Committee carried out its duties and responsibilities by holding one
meeting. The date of the meeting and its agenda in accordance with its duties and responsibilities are as follows.
No Date Agenda Quorum
1. November 25, 2025 Approval of the Annual Work Plan and Corporate Budget of PT Bank Syariah Nasional 100%
Implementation of Governance in Providing Remuneration for Commercial Banks
Remuneration and Nomination Committee
Regarding the remuneration aspect, the Remuneration and Nomination Committee has the duty and responsibility
to evaluate remuneration policies based on performance, risk, fairness with peer groups, targets and long-term
strategies of the Company, fulfillment of reserves as regulated in statutory regulations and income potential company
in the future. The description regarding the names of members, composition, duties and responsibilities as well as the
number of Committee meetings has been presented in the Remuneration and Nomination Committee Sub-Chapter
in the Corporate Governance Chapter of this Annual Report.
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Based on a copy of the Financial Services Authority Regulation No. 34/POJK.04/2014 concerning the Nomination and
Remuneration Committee of Issuers or Public Companies Article 10 paragraphs 2 and 3, the Company provides a 2025
remuneration package to members of the Remuneration and Nomination Committee other than members of the
Board of Commissioners and an executive officer (ex officio) in the following table:
No Name Position Total Remuneration
1 Moch. Amin Nurdin Remuneration & Nomination Committee 741,837,178
2 Nurhayati Saadah Remuneration & Nomination Committee 221,201,817
Remuneration Policy Preparation Process this policy, the company is committed to creating a
competitive and highly competitive work environment,
As part of the implementation of Good Corporate while continuing to prioritize compliance with applicable
Governance (GCG), the company ensures that the regulations and GCG principles.
remuneration policy is formulated based on the
principles of transparency, accountability, responsibility,
independence, and fairness. Remuneration Policy Coverage and
Implementation Per Business Unit,
In 2024, the company issued new provisions to refine per Region and In Subsidiary Companies
the previous remuneration policy, namely Special Policy or Branch Offices Located Abroad
(KK) No. 3-B on Remuneration. This policy is designed
to ensure that the compensation and benefits system The Company’s remuneration policy has taken into
remains competitive and aligned with the developments consideration the geographical areas of the Head
in the banking industry and applicable regulations. Office, Regional Offices and Branch Offices concerned.
The Company has a policy of providing regional
As part of the Human Capital management strategy, allowances for certain areas in accordance with the
the remuneration policy is designed to provide fair and Board of Directors’ decision as stipulated in KK 3-B
competitive rewards to employees based on factors such 2023 concerning Remuneration and implemented as
as performance achievements, position, competence, stipulated.
and labor market conditions. The implementation of
this policy aims to increase motivation, retain top talent, Remuneration is Linked to Risk
and drive employee productivity to support sustainable
business growth. In determining the risks associated with variable
remuneration, the Company pays attention to the risks
The remuneration policy is designed to support good that are most influential in business activities as the
corporate governance by applying the principle of main risks referring to regulatory provisions governing
alignment between performance, risk, and reward, the implementation of risk management for commercial
ensuring that compensation given to employees does banks. Remuneration that is linked to performance and
not encourage excessive risk-taking. This is in line with risk includes bonuses or other equivalent forms.
prudential banking practices, where risk management
is carried out in a measured way to maintain financial Performance Measurement Linked
health and the company’s sustainability. to Remuneration
Additionally, in its formulation, the remuneration policy 1. Remuneration Policy is linked to performance
considers fairness and competitiveness by benchmarking assessment
remuneration practices in the banking industry and The Company has a policy regarding the
taking into account employees’ contributions to the Performance Management System which stipulates
company’s performance achievements. Through that salary increases based on pay for performance
are regulated in separate provisions regarding the
Basic Salary Policy.
2025 Annual Report 859
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08 Corporate Governance
2. Method that links individual remuneration with Parties who become Material Risk Takers at least meet
company performance, work unit performance the following criteria:
and individual performance The policy in the 1. Directors and/or other employees who, due to their
Company’s Performance duties and responsibilities, make decisions that have
Management System regulates performance target a significant impact on the Company’s risk profile or.
assessments which include work targets including 2. Directors, Board of Commissioners and/or
company work targets (SKP), unit work targets (SKU) employees who receive variable remuneration with
and individual work targets (SKI). Assessment of work a large value.
targets is carried out by comparing the realization of
work target achievements with the respective work The period for deferring variable remuneration to
targets. The Company’s Performance Management Material Risk Takers (MRT) is at least 3 (three) years, with
System Policy also regulates the assessment of the deferred percentage set at 10% to 30% of the variable
corporate cultural competence and leadership remuneration received where the determination of the
competence for subordinate employee. deferred percentage is determined by the Board of
3. The method used by the Company to state that the Directors.
agreed performance cannot be achieved so that
adjustments to remuneration and the amount of The implementation of Malus will be imposed on
remuneration adjustments need to be made if such Officials who are classified as Material Risk Takers with
conditions occur. the following conditions and/or criteria:
The Company implements a remuneration 1. Causing significant damage to the Company’s
adjustment method related to performance reputation or having a negative impact on the
achievement through an annual base salary Company’s finances and the Company’s business
increase policy determined by the previous year's opportunities.
Performance Management System score and a 2. Causing significant financial losses to the Company.
comparison. In this case, a comparison can be 3. Committing fraud, unethical behavior, and/or
defined as a percentage value calculated based on falsifying records.
the position of a Permanent Employee's base salary 4. Causing material risks or providing false financial
relative to the midpoint of the base salary range for statements.
the position held by the Permanent Employee. To 5. Deliberately violating the Company’s regulatory
retain qualified employees, the Company provides policies and procedures.
bonuses as a form of remuneration directly linked to 6. Causing significant losses to related work units due
employee performance assessments, as reflected in to not implementing good risk management.
the Individual Performance Evaluation (IPE). 7. Causing a significant negative impact on the
Company’s capital that is not caused by changes in
the economic or industrial climate.
Remuneration Adjustments Linked 8. Intentionally disclose the Company’s confidential
to Performance and Risk information to external parties.
9. Carrying out actions that could cause employees to
The company can postpone the payment of deferred be terminated from the Company.
variable remuneration (Malus) or withdraw variable
remuneration that has been paid (Clawback) to officials Name of External Consultant
who are classified as Material Risk Takers (MRT), by and Consultant Duties Related
considering several factors, including: to Remuneration Policy
1. The amount of loss or damage to the Company’s
reputation. Bank BTN collaborates with Willis Towers Watson who
2. Involvement of the employee concerned directly is tasked with carrying out benchmarking and/or
or indirectly regarding the actions or transactions Salary Surveys in accordance with company requests
carried out. regarding remuneration policies.
860 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Remuneration and Facilities Packages Received By The Board of Directors
and Board of Commissioners
The remuneration and facilities received by the Board of Directors and Board of Commissioners in 1 (one) year
include the remuneration structure and details of nominal amounts, as in the table below:
Board of Commissioners Directors
Types of Remuneration
and Other Facilities
People IDR Million People IDR Million
Remuneration
Honorarium/Salary 151) 13,665 172) 49,431
Routine allowance (Tj. PPh21) 151) 7,824 172) 21,657
Holiday allowance 15 )
1
1,651 17 ) 2
3,831
Tantiem - - - -
Total Remuneration (a) 23,140 74,919
Post-Service Insurance 151) 3,142 172) 9,514
Housing Benefit 151) - 172) 3,909
Transportation Allowance 151) 2,704 172) -
Communications Allowance 151) - 172) 651
Total Other Facilities (b) 5,846 14,074
Total Received (a) + (b) 28,986 88,993
1) Including 9 (nine) members of the Board of Commissioners who will no longer serve as of March 26, 2025.
2) Including 5 (five) members of the Board of Directors who will begin serving as of March 26, 2025.
Remuneration for the Board of Commissioners and Directors in one year is grouped into the following income level
ranges:
Number of Board of Commissioners Number of Directors
Amount of Remuneration
2025 2024 2025 2024
Above IDR2 billion 151) 9 172) 11
Above IDR1 billion - IDR2 billion
Above IDR500 million - IDR1 billion
IDR500 million and below
1) Including 9 (nine) members of the Board of Commissioners who will no longer serve as of March 26, 2025.
2) Including 5 (five) members of the Board of Directors who will begin serving as of March 26, 2025.
2025 Annual Report 861
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08 Corporate Governance
Variable Remuneration
Provisions related to remuneration are regulated in Special Policy KK.3-B on Remuneration and Special Policy KK.3-D
on the Income of the Board of Directors, Board of Commissioners, and Board of Commissioners’ Organs. Variable
Remuneration is provided in the form of cash and shares or share-based instruments issued by the Company. In
determining the risks associated with Variable Remuneration, the company considers the most influential risks in
business activities as key risks, referring to regulatory provisions governing the implementation of risk management
for commercial banks.
Number of Directors, Board of Commissioners and Employees Receiving Variable
Remuneration for 1 (One) Year
Number of Directors, Board of Commissioners and Employees who receive Variable Remuneration for 1 (one) year and
the total nominal amount.
Amount received
Directors Board of Commissioners Officer 2)
People IDR Million People IDR Million People IDR Million
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
172) 10 105,378 103.433 151) 8 3) 30,262 40.925 12,848 12.114 334,840 607.874
1) Including 9 (nine) members of the Board of Commissioners who will no longer serve as of March 26, 2025.
2) Including 5 (five) members of the Board of Directors who will begin serving as of March 26, 2025.
Position and Number of Parties Who are Material Risk Takers
In determining employees identified as Material Risk Takers (MRT), the Company takes a qualitative approach.
Positions classified as MRT are as follows:
1. President Director and all members of the Board of Directors for implementation from year 1 to year 3.
2. Main Director, all members of the Board of Directors, Heads of Business Divisions, Heads of Regional offices, and
Heads of Branches for implementation in the 4th year and thereafter.
3. The Board of Directors determines the position of head of the Business Division classified as MRT when the policy is
implemented.
No. Position Number of Parties that Become MRT
1 President Director 1
2 Vice President Director 1
3 Director 152)
4 President Commissioner 21)
5 Vice President Commissioner 21)
6 Member of the Board of Commissioners 111)
1) Including 9 (nine) members of the Board of Commissioners who will no longer serve as of March 26, 2025.
2) Including 5 (five) members of the Board of Directors who will begin serving as of March 26, 2025.
862 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Shares Options held by Directors, Board of Commissioners and Executive Officers
The Company has a share ownership program by management or the Management Stock Option Program (MSOP)
and by employees or the Employee Stock Option Program (ESOP) as part of appreciation for management and all
employees. The policy of granting share options at the Extraordinary General Meeting of Shareholders (EGMS) held on
October 6, 2009 approved the issuance of new shares in the Company’s savings a maximum of 30% or a maximum of
2,723,142,857 (two billion seven hundred twenty three million one hundred forty two thousand eight hundred fifty seven
rupiah) shares of the total shares that have been issued and fully paid up after the issuance of new shares so that the
ownership of the Republic of Indonesia becomes at least 70% or 6,354,000,000 (six billion three hundred and fifty four
million rupiah) shares of all shares that have been issued and fully paid up after issuance of new shares.
The issuance of new shares in the savings in question is offered to the public through an Initial Public Offering (IPO)
which includes the allotment of shares to Management and Employees or Management and Employee Stock Allocation
(MESA) as well as the granting of option rights to Management and Employees or Management and Employee Stock
Options Plan (MESOP).
Disclosure of Shares Option Stages 1, 2, 3 Directors, Commissioners and Executive Officers of the Bank as of December
31, 2025.
Number of Options
Number of Option
No Name and Positions Shares Owned Which Price Time period
(Shares) Provided Has Been (IDR)
(Shares) Executed
(Shares)
Board of Commissioners
1 Suryo Utomo - - - - -
2 Dwi Ary Purnomo - - - - -
3 Panangian Simanungkalit - - - - -
4 Pietra Machreza Paloh - - - - -
5 Ida Nuryanti - - - - -
6 Fahri Hamzah - - - - -
Directors
1 Nixon L.P. Napitupulu - - - - -
2 Oni Febriarto Rahardjo - - - - -
3 I Nyoman Sugiri Yasa - - - - -
4 Rully Setiawan - - - - -
5 Setiyo Wibowo - - - - -
6 Elisabeth Novie Riswanti - 56.000 56.000 1.098,36 Feb 2013-Ags 2016
7 Hirwandi Gafar - 47.500 47.500 1.098,36 Feb 2013-Ags 2016
8 Nofry Rony Poetra - 61.500 61.500 1.098,36 Feb 2013-Ags 2016
9 Eko Waluyo - 44.500 44.500 1.098,36 Feb 2013-Ags 2016
10 Hermita - - - - -
2025 Annual Report 863
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08 Corporate Governance
Number of Options
Number of Option
No Name and Positions Shares Owned Which Price Time period
(Shares) Provided Has Been (IDR)
(Shares) Executed
(Shares)
11 Tan Jacky Chen - - - - -
12 Helmy Afrisa Nugroho - - - - -
Executive Officer 7.430.600 5.566.500 5.566.500 1.098,36 Feb 2013-Ags 2016
Employee - 102.367.500 102.367.500 1.098,36 Feb 2013-Ags 2016
The MESA and MESOP programs were completed in 2016. Since then Bank BTN has had no Share Option program for
Directors, Board of Commissioners, Executive Officers and Employees.
Highest and Lowest Salary Ratio
Salary Ratio 2025 2024
Highest and Lowest Employee Salaries 31,58 : 1 25,00 : 1
Highest and Lowest Directors' Salaries 1,18 : 1 1,18 : 1
Highest and Lowest Commissioner Salaries 1,11 : 1 1,11 : 1
Highest Directors' and Highest Employees' Salaries 2,23 : 1 2,89 : 1
Notes :
*The highest employee salary is that of a permanent employee with the highest salary.
*The lowest employee salary is that of a permanent employee with the lowest salary.
Number of Recipients and Total Amount of Variable Remuneration That Is Unconditionally
Guaranteed
Bank BTN does not have a policy of granting Variable Remuneration (RBV) and without conditions, because the policy
of granting RBV is applied uniformly without considering the length of the work period. Bank BTN is committed to
implementing a competitive, fair and balanced remuneration system and always ensuring that no employee receives
compensation below the provisions set by the Government. Bank BTN also reviews and updates its remuneration policy
so that it is relevant to industrial developments and business strategies and gradually adopts aspects of compliance
with applicable banking regulations regarding remuneration.
Number of Employees Affected by Termination of Employment and Total Nominal
Severance Pay Paid
Table of Limited Voluntary Pension Program (PPST)
Number of PPST Employees
The nominal amount of severance
No.
pay paid per person in 1 (one) year
2025 2024
1. Above IDR1 billion - 2
2. Above IDR500 million - IDR1 billion 1 2
3. IDR500 million and below 3 -
864 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Total Amount of Deferred Variable Remuneration
Deferred Variable Remuneration in 2025 Deferred Variable Remuneration in 2024
Cash IDR 3.880 million Cash IDR 6,977 million
Shares 14,752,402 (shares) Shares 19,886,798 (shares)
Jumlah Total Remunerasi Yang Bersifat Variabel Yang Ditangguhkan Yang Dibayarkan
Selama 1 (Satu) Tahun
Deferred Variable Remuneration in 2025 Deferred Variable Remuneration in 2024
Cash 0 Cash IDR 1,818,911,901
Shares 0 Shares 4,989,708 (shares)
Total Amount of Deferred Variable Remuneration Paid for 1 (One) Year
A. Fixed Remuneration
Type of Remuneration Amount
Cash IDR63,096 million
Shares/share-based instruments issued by Bank BTN -
B. Remunerasi Yang Bersifat Variabel
Type of Remuneration Not Delayed Postponed
Cash - -
Shares - -
Quantitative Information
Variable Types of Remuneration Not Delayed Postponed
Cash IDR3,137 million IDR2,556 million
Shares
5.027.230 (shares) 14.752.402 (shares)
2025 Annual Report 865
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08 Corporate Governance
Public Accountant 7. The KAP has at least 100 (one hundred) auditors or
another number according to the Company’s risk
External Audit Function intensity.
8. The appointment of the same Signing Partner
The Company appoints an External Auditor to conduct (Responsible Partner) by the KAP is carried out for a
an audit of the Financial Statements for the Fiscal maximum of 7 (seven) consecutive reporting fiscal
Year 2024. This is in compliance with the Financial years of audit period, and in the following 5 (five)
Services Authority Regulation No. 37/PJOK.03/2019 on consecutive years the same AP (Signing Partner) is
Transparency and Publication of Bank and Regulation of not used;
the Minister of State-Owned Enterprises Number PER2/ 9. To have a fresh eye perspective, the audit team is
MBU/03/2023 concerning Guidelines for Governance rotated for auditors, who had audited the Company
and Significant Corporate Activities of State-Owned for more than 5 (five) years;
Enterprises. The External Auditor is required to provide 10. AP, KAP, and people within KAP in providing services
accountable, independent, and fair information and must fulfill the conditions of independence during
data, particularly regarding financial, operational, and the audit period and the professional assignment
regulatory compliance aspects. period, which are stated in the Declaration and
submitted by the KAP before the professional
External audits are carried out by independent parties assignment period begins.
who have fulfilled the requirements to ensure that the
Company’s accounting records are required to report The Board of Commissioners based on the proposal
Bank Risk profiles Company Wide. The risk profile of the Audit Committee has appointed the Public
report includes an assessment of Inherent Risk and Accounting Firm KAP, Sungkoro & Surja (Ernst & Young
an assessment of the Quality of the Company’s Risk Global Limited) as the winner of the procurement for
Management Implementation. prepared in accordance Public Accounting Firm Services for 2025. This firm will
with the provisions of the Statement of Accounting and audit the Financial Statements of PT Bank Tabungan
Financial Standards (PSAK) and the reports prepared Negara Tbk for the 2025 fiscal year, as stated in the
present the financial position and business results Board of Commissioners’ letter No. 18/KOM/BTN/II/2025
fairly and the business operations carried out by the dated February 5, 2025. Furthermore, the General
Company do not violate the provisions of the applicable Meeting of Shareholders (GMS) of PT Bank Tabungan
regulations. Negara (Persero) Tbk on March 26, 2025, approved
the appointment of the Public Accounting Firm KAP
Appointment of Public Accountant Purwantono, Sungkoro & Surja (Ernst & Young Global
Limited), as stipulated in the Forth Agenda Item. The
The Company determined the Public Accounting Firm legal basis for the audit assignment of the Financial
(KAP) in terms of necessity to the Financial Statements Statement and the Financial Statements of the Micro
Audit in the 2025 Fiscal Year. The appointment of the and Small Business Funding Program (PUMK) for the
Public Accountant (AP) and the Public Accounting Firm 2025 fiscal year of PT Bank Tabungan Negara (Persero)
(KAP) was conducted through a tender mechanism Tbk has been formalized in the Cooperation Agreement
for the procurement of general audit services, with the (PKS) No. 0119/PSS/10/2025 dated October 7, 2025.
following qualifications:
1. A KAP that is included in the Public Accounting Office The appointment process for Public Accounting Firm
(KAP) Tabulation of the Ministry of State-Owned (KAP) services follows the regulations set by the Financial
Enterprises; Services Authority (OJK), specifically OJK Regulation
2. Having affiliation with International KAP; Number 9 of 2023 on the Use of Public Accountant and
3. Have experience conducting general audits on Public Accounting Firm Services in Financial Services
banks that have gone public and have assets of at Activities. The procedures for using KAP services refer
least IDR100 trillion; to SE OJK Number 18/SEOJK.03/2023, which outlines the
4. Having experience in auditing the Micro and Small guidelines for utilizing Public Accountant and Public
Business Funding Program (PUMK). Accounting Firm services in financial services activities.
5. KAP and AP are actively registered with the OJK, Under these provisions, The Company has limited the
Ministry of Finance and the Audit Board of the use of audit services for annual historical financial
Rpeublic of Indonesia (BPK RI); information from the same Public Accountant (AP) to a
6. The KAP and AP are not currently subject to any cumulative period of 7 (seven) years.
sanctions by the OJK or the Ministry of Finance.
866 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Public Accounting Firm, Name of Accountant and Fee
Table of Public Accounting Firms, Accountant Names and Fees
Period Public Accountant
Name of Accountant Audit
Year Public Accounting Firm Accounting Name
(Responsible Partner) Service Fee
Firm Periode
2025 Purwanto Susanti & Surja 11 th period Christophorus Alvin Kossim 3rd period IDR5,175,000,000
2024 Purwantono, Sungkoro & Surja 10th period Christophorus Alvin Kossim 2nd period IDR5,075,000,000
2023 Purwantono, Sungkoro & Surja 9th period Christophorus Alvin Kossim 1st period IDR4,800,000,000
2022 Purwantono, Sungkoro & Surja 8th period Muhammad Kurniawan 2nd period IDR4,390,000,000
2021 Purwantono, Sungkoro & Surja 7th period Muhammad Kurniawan 1st period IDR4,050,000,000
2020 Purwantono, Sungkoro & Surja 6th period Yovita 1st period IDR3,249,000,000
2019 Purwantono, Sungkoro & Surja 5th period Muhammad Kurniawan 1st period IDR2,650,000,000
2018 Purwantono, Sungkoro & Surja 4th period Yasir 2nd period IDR2,367,000,000
2017 Purwantono, Sungkoro & Surja 3th period Yasir 1st period IDR2,290,000,000
Fees and Other Services Provided by Accountants
Non-Audit Services Fee
Agreed procedures for the key performance indicators (KPIs) of the Board of Directors, both
IDR975.000.000,00
collegially and individually, of PT Bank Tabungan Negara (Persero) Tbk;
Implementation of agreed procedures for the custodial services operations of PT Bank
IDR175.000.000,00
Tabungan Negara (Persero) Tbk;
Implementation of agreed procedures for SOE financial information packages. IDR400.000.000,00
Total Non-Audit Fees IDR1.550.000.000,00
Audit Opinion
Year Audit Opinion
2025 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2024 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2023 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2022 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2025 Annual Report 867
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08 Corporate Governance
Year Audit Opinion
2021 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2020 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2019 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
2018 The Financial Statements presented fairly without modification
(previously fair without exception) in accordance with Financial
Accounting Standards in Indonesia.
social and environmental aspects in all activities and
Internal Control System processes that are carried out and implemented by
prioritizing Environmental, Social and Governance
The implementation of the internal control system is (ESG) aspects).
carried out in order to support the achievement of the
Company’s performance objectives, increase value for
stakeholders, minimize the risk of loss and maintain Supervision by Management
compliance with applicable laws and regulations. The and Control Culture
Company implements an internal control system as an
important supervisory component in the management The Board of Commissioners is responsible for
of the Company and as a reference for healthy and ensuring that the Board of Directors has monitored
controlled operational activities. The Company refers to the effectiveness of the implementation of the internal
COSO (Committee of the Sponsoring Organizations of control system, so that the Board of Commissioners has
the Treadway Commission) - Internal Control Integrated an active role in ensuring that there are improvements
Framework in preparing an internal control framework to the Company’s problems that can reduce the
to ensure the adequacy of operational and financial effectiveness of the internal control system. The Board
controls, financial reporting, operational effectiveness of Directors is responsible for establishing policies and
and efficiency, as well as compliance with applicable strategies as well as internal control procedures. The
laws and regulations. Board of Directors is also responsible for monitoring
the adequacy and effectiveness of the internal control
Control Objectives system. The Board of Commissioners and Directors are
responsible for improving work ethics and high integrity
1. Compliance with statutory provisions and as well as creating an organizational culture that
regulations, both regulations issued by the emphasizes to all Company employees the importance
Government, Regulators, and internal regulations of internal control that applies in the Company.
established by the Company.
2. Availability of financial reporting with integrity Furthermore, the monitoring process by management
that is correct, accurate, complete, and timely, and a wellimplemented control culture encourage
implemented in accordance with the provisions of the creation of a Control Environment that reflects the
laws and regulations in the financial services sector overall commitment, behavior, concern and steps taken
and financial accounting standards. by the Board of Commissioners and Directors in carrying
3. Effectiveness and efficiency in the Company’s out the Company’s operational control activities. The
business activities. Control Environment elements include:
4. Increasing the effectiveness of risk culture in the 1. Adequate organizational structure.
Company organization as a whole. 2. Leadership style and the Company’s Management
5. To increase company value philosophy.
6. Realizing sustainable governance that is able to 3. Integrity, ethical values, and competence of all
maintain economic stability and is inclusive in employees.
nature, prioritizing harmony between economic, 4. The Company’s human resources policies and
procedures.
868 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
5. Attention and direction provided by the Board of performance reports from officials and
Directors and other committees such as the Risk employees so that it is possible to review
Management Committee progress results (realization) compared to the
6. Methods adopted by Company Management in targets to be achieved. Based on this review, the
carrying out their authority and responsibilities; and Company’s Board of Directors can immediately
7. External factors that influence Bank operations and detect problems such as control weaknesses,
the implementation of risk management. financial reporting errors or fraud.
b. Operational Performance Review
Risk Identification and Assessment (functional review) Reviews carried out by the
Internal Audit Division periodically include:
Risk assessment is a series of actions carried out by 1) Review the risk assessment (risk profile
the Board of Directors to identify, analyze, and assess report) produced by the Risk Management
the risks faced by the Company in achieving its stated Work Unit.
targets. Risks may arise or change depending on the 2) Analyze operational data, both risk-related
Company’s circumstances. The Company continuously data and financial data, namely verifying
identifies and assesses risks that could impact the transaction details and activities compared
achievement of its targets. Internal control needs to be to the output (report) produced by the Risk
reviewed appropriately in the event of uncontrolled risks, Management Work Unit.
whether pre-existing or newly emerging. This review 3) Review the realization of the implementation
involves continuously evaluating the impact of any of the work plan and budget, in order to
changes in the environment and conditions, as well as identify the causes of significant deviations
the impact on target achievement or the effectiveness and determine requirements for corrective
of internal control in the Company’s operational and actions.
organizational activities. c. Information Systems Control
Information System control is carried out by
Operational, Financial Control verifying the accuracy and completeness
and Compliance With Legislation of transactions in accordance with internal
regulations. Information system control activities
Control Activities and Separation of Functions can be classified into 2 (two) criteria, namely:
1) General control, including control over data
Control activities must involve all Company employees center operations, software procurement
because it is an activity that is inseparable from every and maintenance systems, access security,
day-to-day function or activity of the Company. as well as development and maintenance
Therefore, control activities will be effective if they are of existing application systems. This general
planned and implemented to control the risks that have control is applied to mainframes, servers, and
been identified. Control activities include establishing user workstations, as well as internal-external
control policies and procedures such as determining networks.
authority, authorization, reconciliation, verification, 2) Application control, applied to the programs
assessment of work performance, division of tasks and used by the Company in processing
safeguarding company assets. transactions and to ensure that all
1. Control Activities transactions are correct, accurate and
Control activities include policies, procedures and have been properly authorized. In addition,
practices that provide confidence to Company application controls must be able to ensure
officials and employees that the Directors’ directions the availability of an effective audit process
have been implemented effectively. These control and to check the correctness of the audit
activities can assist the Company’s Board of process in question.
Directors, including the Board of Commissioners, d. Control of Physical Assets
in managing and controlling risks that could affect Physical asset control is implemented to ensure
performance or result in Company losses. Control the implementation of physical security for the
activities are implemented at all functional levels Company’s assets. This activity includes securing
in accordance with the Company’s organizational assets, records and limited access to computer
structure, which includes at least: programs and data files, as well as comparing the
a. Management Reviews (Top Level Reviews) value of the Company’s assets and liabilities with
Bank’s Board of Directors periodically requests the value stated in the control records, in particular
explanations (information) and operational checking asset values periodically.
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08 Corporate Governance
e. Documentation and compliance with statutory provisions and
Company's at least formalize and document regulations. This information system includes
policies, procedures, accounting systems and a system for storing and using electronic data
standards as well as adequate audit processes. whose security is guaranteed, monitored by an
This documentation must be updated periodically independent party (internal auditor) and supported
to reflect the Bank’s actual operational activities by an adequate contingency program.
and must be communicated to Bank officials and 3. The communication system must be able to provide
employees. Upon request, documents must always information to all parties, both internal and external,
be available for the benefit of internal auditors, shareholders and Company customers.
public accountants and Company supervision
by regulators. The accuracy and availability of Internal Control in The Financial Reporting
documents must be assessed by internal auditors Process
when conducting routine and non-routine audits.
2. Separation of Functions The Company was committed to maintaining
Separation of functions or what is known as the the integrity of financial statements through the
“Four Eyes Principle” is intended so that each person implementation of internal controls to ensure reliable,
in their position does not have the opportunity to accurate, complete, relevant and timely information in
commit and hide mistakes or deviations in the accordance with applicable regulations, as follows:
implementation of their duties at all levels of the 1. POJK No.15 of 2024 regarding the Bank Financial
organization and all steps of operational activities, Reporting Integrity.
through the following matters: 2. Decree of the Deputy for Finance and Risk
a. The Company determines procedures Management of the Ministry of State-Owned
(authorities) including determining a list of Enterprises Number SK-5/DKU.MBU/11/2024
officers who can access high-risk transactions or regarding Technical Instructions for Internal Control
business activities. over Financial Reporting (ICOFR) of State-Owned
b. Avoid giving authority and responsibility which Enterprises (SK-5 KBUMN).
could give rise to various conflicts of interest.
Moreover, the Company stipulated Porcedures and
Accounting, Information, and Communication Policies related to ICOFR, as follows:
Systems 1. Special Policy (KK) No.7-C on December 30, 2024
regarding Internal Control Procedures for Financial
The information and communication system is a process Reporting.
of presenting reports regarding operational, financial 2. Technical Instructions (PT) No. 7C-1 regarding the
activities, as well as compliance and adherence to Implementation of Internal Control Over Financial
statutory provisions by the Company. Reporting.
1. The accounting system includes methods and
records for identifying, grouping, analyzing, In accordance with POJK Number 15 of 2024, the
classifying, recording or posting, and reporting Company established a Special ICOFR Business Unit (UKK
Company transactions. To ensure accounting ICOFR) under the Digital & Operations Risk Management
data is accurate and consistent with available Division (DORD), which was responsible for coordinating
data based on system processing results, the the implementation of ICOFR at BTN. The details of the
reconciliation process between accounting data ICOFR implementation process was as follows:
and the management information system must be 1. The first line had already conducted a scooping
carried out periodically. Any irregularities that occur to determine Overall Materiality and Performance
must be immediately investigated and the problem Materiality, significant accounts, significant business
resolved. The reconciliation process must also be processes and significant applications.
documented as part of the overall audit trail process 2. The first line had prepared a Business Process Model
requirements. (BPM) and Risk Control Matrix (RCM) for Control Self
2. The information system must be able to produce Assessment (CSA), which was tested by the second
reports regarding business activities, financial line (Dir. DORD). The first line remediated ineffective
conditions, implementation of risk management controls resulting from the second line testing.
870 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. The third line's ICOFR evaluation covered three levels OJK regulations. , Bank Indonesia and applicable laws
of control: Entity Level Control (ELC), Transaction and regulations, including Sharia Principles as well
Level Control (TLC), and IT General Control (ITGC). as carrying out other tasks related to the Compliance
The evaluation stage used the Test of Design (TOD) Function including monitoring and maintaining the
and Test of Operating Effectiveness (TOE) methods Company’s compliance with commitments made by
against pre-established controls. the Company to the Financial Services Authority, Bank
Indonesia, and other supervisory authorities.
MANAGEMENT REPORT ON INTERNAL CONTROL IN THE
FINANCIAL REPORTING PROCESS The Company always consistently carries out the
Compliance Function which is a series of actions or steps
The Company established policies to ensure the that are preventive (ex-ante). These efforts are carried
effectiveness of internal controls for financial reporting out, among other things, to realize the implementation
and to present financial statements that were fair and of a culture of compliance at all levels of the Company’s
free from material misstatement in accordance with organization and business activities; managing
applicable regulations. For BTN's financial statements for compliance risks; as well as ensuring the Company’s
the fiscal year ending on December 31, 2025, the Board compliance with the Financial Services Authority and/or
of Directors was responsible for: other competent supervisory authorities.
1. Designing and ensuring the availability of an
adequate internal control framework for financial Monitoring Activities and Deviation Correction
reporting. Actions
2. Ensuring controls having been implemented
effectively across business units related to the 1. Monitoring Activities
financial reporting process. a. Company's must continuously monitor the
3. Assessing the effectiveness of ICOFR periodically, overall effectiveness of the implementation of
and ensuring improvement of any weaknesses internal control. Monitoring of the Company’s
found. main risks must be prioritized and function as
4. Ensuring the preparation and presentation of part of the Company’s daily activities, including
financial statements in accordance with accounting regular evaluation, both by operational work
standards and provisions of statutory. units and internal audit work units. Company's
5. The fairness and integrity of financial statements, must also monitor and evaluate the adequacy
including ensuring they were free from material of the internal control system continuously in
misstatement due to errors or fraud. connection with changes in internal and external
conditions and must increase the capacity of the
The Company's Board of Directors evaluated and internal control system so that its effectiveness
reviewed the Financial Statements for the fiscal year can be increased.
ending on December 31, 2025, in accordance with the b. The steps taken by the Company in order to carry
internal control framework issued by the Committee of out effective monitoring activities include at least
Sponsoring Organizations of the Treadway Commission the following:
(COSO). The Board of Directors concluded that internal 1) Ensure that the monitoring function has been
control over the financial reporting process had been clearly defined and well structured within the
effective and the Financial Statements were presented Company organization;
fairly in all material respects. 2) Determine the work unit/employee assigned
to monitor the effectiveness of internal
Compliance with Other Laws and Regulations control;
3) Determine the appropriate frequency
In carrying out control of compliance with statutory for monitoring activities based on the
regulations, the Company has a Compliance Function risks inherent in the Company and the
which is carried out by the Compliance and Governance nature/frequency of changes occurring in
Division. The Compliance and Governance Division operational activities;
has duties and responsibilities, including establishing 4) Integrating the internal control system into
compliance systems and procedures that will be operational activities and provide regular
used to formulate the Company’s internal regulations reports for subsequent review.
and guidelines, ensuring that all policies, provisions, 5) Reviewing documentation and evaluation
systems and procedures, as well as business activities results from Business Units/employees
carried out by the Company are in accordance with assigned to monitor and
2025 Annual Report 871
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08 Corporate Governance
6) Determine information or feedback in an concern for all levels of officials and leaders regarding
appropriate format and frequency. the importance of effective internal control. This
2. Improvement of Weaknesses and Correction control environment is heavily influenced by the
of Deviations Strong Tone at the Top.
Weaknesses in internal control, whether identified 2. Risk Assessment which is a series of awareness
by the operational work unit as a risk taking unit, of all employees on risk culture and activities of
risk management work unit, compliance work unit, evaluating, assessing, and mitigating risks.
internal audit work unit, or other parties must be 3. Control Activities which include the adequacy of
immediately reported to the competent authorities. policies, provisions, and procedures as well as
Corrective steps that must be taken include the compliance in the implementation of operational
following: activities.
a. Any report regarding weaknesses in internal 4. Information and Communication Control which is
control or ineffective risk control must be the condition of both internal and external effective
immediately followed up by authorized officials. communication channels in accordance with their
b. To ensure that all weaknesses are immediately respective responsibilities.
followed up, authorized officials must create a 5. Monitoring Control, which is the process of assessing
system that can track weaknesses in internal the effectiveness of the design and operation of
control and take corrective steps. the internal control structure and management
c. The results of identifying all problems in internal performance monitoring activities, whether they
control must be reported to authorized officials. have been carried out properly and have been
corrected according to the circumstances.
Compatibility with The Committee
of Sponsoring Organizations of Treadway Review of The Effectiveness of The Internal
Commission (COSO) Control System
The Company’s internal control system is regulated In 2025, the Company implemented internal control in
under General Policy Number KU.7 dated December accordance with the control principles, and the overall
30, 2022, as last amended on December 24, 2024, quality of the internal control system was satisfactory.
regarding the Internal Control System. This policy refers The Company, through the Internal Audit Division (IAD),
to the Financial Services Authority Circular Letter No. 35/ evaluated the effectiveness of the internal control
SEOJK.03/2017 dated July 7, 2017, concerning Standard system, including by conducting an Internal Control
Guidelines for Internal Control Systems for Commercial Assessment. This assessment measured the quality
Banks, which is also aligned with the Internal Control- of the auditee’s Business Unit’s internal control across
Integrated Framework developed by The Committee of the five components of the COSO Framework using the
Sponsoring Organizations of the Treadway Commission Internal Control Assessment (ICA) questionnaire criteria
(COSO). According to COSO, the objectives of internal and rating methodology, as well as auditor professional
control include operational objectives, reporting judgment through field walkthroughs. By 2025, the
objectives, and compliance objectives. Company implemented internal control in accordance
with the control principles, and the overall quality of the
In COSO it is stated that internal control is a system or internal control system was satisfactory.
process that is carried out by the Board of Commissioners,
Directors, Management, and employees in a company to Broadly speaking, the steps taken by the Company
provide adequate guarantees for the accomplishment in order to ensure the implementation of effective
of control objectives. COSO – Internal Control Framework, monitoring activities, included:
consists of 5 (five) control components namely: 1. Ensuring that the Monitoring function has been
1. Environment Control, which is a fundamental clearly defined and well-structured within the Bank’s
component of the Internal Control System. This organization;
component reflects the nuances and atmosphere of 2. Establishing Work Units or employees assigned to
monitor the effectiveness of internal control;
872 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. Determining the appropriate frequency for Statement of The Board of Directors and/or
monitoring activities based on the risks inherent in The Board of Commissioners Regarding The
the Bank and the nature or frequency of changes Sufficiency of The Internal Control System
that occur in operational activities;
4. Integrating the Internal Control System into The Board of Directors and the Board of Commissioners
Operational activities and providing routine reports are committed to ensuring that Good Corporate
such as Bookkeeping Journals, Management Governance is carried out properly as a basis for
Reviews and Reports regarding the approval of achieving goals to maintain and increase the value
exceptions or aberrations from established policies of the Company. One of the implementations of Good
and procedures (justification of irregularities) which Corporate Governance is ensuring that the Internal
are then reviewed; Control System has been implemented adequately.
5. Reviewing the documentation and evaluation results
from the Work Unit or employee assigned to carry The Board of Directors and the Board of Commissioners
out monitoring; or the Audit Committee conduct a review once in a
6. Establishing information or feedback in the right year of the evaluation results of the effectiveness of
format and frequency. the Company’s internal control system which includes
five main components of control, namely the Control
In addition, the Company also carried out an Audit on Environment including Management Oversight and
Compliance with Legislation and Internal Control (PSA Control Culture, Risk Identification and Assessment,
62) to ensure the Company’s compliance with legal Control Activities and Segregation of Duties, Accountancy,
articles, regulations, and cooperation agreements as Information and Communication Systems, Monitoring
well as internal control compliance which includes Activities and Correction of Deviations (Monitoring
control environment, Risk Identification, control activities, Activities and Correction Deficiencies). Based on the
information, and communication as well as monitoring. results of the review conducted in 2025, the Board of
Evaluation of the effectiveness of the Company’s internal Directors and the Board of Commissioners assessed
control (risk control) system was carried out in all Head that the internal control system had been implemented
Office units (division/desk/Regional Office) as well as adequately.
Branch Offices, both Conventional and Sharia. Everything
related to internal control adequacy issues had been This Internal Control System Standard Guide is a
reported directly to the Board of Directors through the guideline that contains the minimum standard
President Director and to the Board of Commissioners regarding the Internal Control System that must be
through the Audit Committee. Follow-up efforts had enforced and applied by the Company in all aspects
been made to minimize risks and overcome problems related to the enactment and implementation of the
that arose. Company’s operational activities, so as to create a
common understanding and basis regarding the level
of maintenance of interests and commitment from all
parties related to the Company.
2025 Annual Report 873
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08 Corporate Governance
Risk Management Report has reported the calculation of the Leverage Ratio
(LR) per quarter to the regulator as regulated in OJK
In the context of implementing risk management and as Regulation No. 31/POJK.03/2019 dated December 2, 2019
a followup to the implementation of Basel II, especially concerning the Obligation to Fulfill the Leverage Ratio for
pillar 1, the Company has implemented: Commercial Banks, Monthly submission of the Liquidity
1. Credit Risk Measurement by mapping credit risk Coverage Ratio (LCR) to the regulator as stipulated in
exposure according to portfolio categories in the POJK No. 19 of 2024 dated 8 November 2024 concerning
calculation of Credit Risk-Weighted Assets (ATMR) the Obligation to Fulfill the Liquidity Coverage Ratio for
using the Standardized Approach, referring to Commercial Company's, and quarterly submission of
SEOJK No. 24/SEOJK.03/2021 dated October 7, 2021, the Net Stable Funding Ratio (NSFR) to the regulator
concerning the Calculation of Risk-Weighted Assets as stipulated in OJK Regulation No. 20 of 2024 dated
for Credit Risk using the Standardized Approach for 8 November 2024 concerning the Obligation to Fulfill the
Commercial Banks, in accordance with prevailing Net Stable Funding Ratio for Commercial Company's.
regulatory provisions.
2. Minimum capital requirement calculations using Climate Risk Stress Testing (CRST)
the Market Risk-Weighted Assets (ATMR) calculation
as per SEOJK No. 23/SEOJK.03/2022 concerning the In line with global developments, since 2023, the
Calculation of Risk-Weighted Assets for Market Risk Financial Services Authority (OJK) has issued guidelines
for Commercial Banks. for implementing Climate Risk Stress Testing (CRST)
3. Calculation of minimum capital requirements using aimed at financial institutions. These guidelines aim to
the Standard Approach Operational Risk for RWA identify and manage risks related to climate change,
calculation by referring to OJK Circular Letter No. 06/ including physical risks and the transition towards a
SEOJK.03/2020 dated April 29, 2020, and currently low-carbon economy. In response to this policy, BTN has
the Company is recording loss data related to positively integrated the OJK CRST 2023 Guidelines into
operational risks in accorance with Regulatory its risk management strategy. These guidelines serve as
provisions. a reference for systematically assessing the potential
impacts of climate change. Company is committed
Implementation of Company Stress Testing focuses on 3 to supporting the transition to a low-carbon economy
(three) types of risk, namely Credit Risk, Market Risk, and by adopting a science-based approach in climate
Liquidity Risk. As an effort to improve risk measurement, risk analysis. Climate risk testing is conducted through
especially Credit Risk, Market Risk, and Liquidity Risk, scenario modeling and sensitivity analysis to identify
the Company conducts periodically stress tests on the potential impacts and mitigate possible risks.
worstcase scenario as stipulated in the company’s
internal regulations with a frequency of at least once Risk Appetite Statement
a year for credit risk and quarterly for market risk and
liquidity risk. Stress testing is carried out periodically to Currently, the Company had a Risk Appetite Statement
assess capital adequacy in the event of problems that (RAS) which is a qualitative statement as well as a
have extreme risk or are catastrophic but plausible. The quantitative measure of the Company’s main risks.
Stress Testing of Market Risk and Liquidity Risk has been Disclosure of RAS was performed in writing and well
carried out on a quarterly basis, while the Stress Testing documented by the Risk Management Work Unit.
of Credit Risk, Market Risk, and Liquidity Risk is carried out Determination of RAS limits is carried out by the Board
at least once a year. of Commissioners and Directors. In determining RAS,
economic, environmental and social sustainability has
In addition, the Company has also conducted Stress been taken into account which is then aligned to the
Testing for updating the Recovery Plan document every preparation of the Company’s Work Plan and Budget
year and as an implementation of Basel III, the Company (RKAP), Risk Appetite, Risk Tolerance and Recovery Plan.
The quantified risks included:
874 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Risk Appetite Statement Bank 2025
CREDIT RISKS STRATEGIC RISK
Maintain sustainable asset growth To provide comprehensive services in
the consumer segment for Indonesian
RISK
with a healthy level of asset quality
families while maintaining earnings
and capital adequacy in alignment
with the risk profile.
MARKET RISK LEGAL RISKS
Maintain optimal levels of interest rate Maintain legal policies and
and exchange rate risk to support
profitability growth and capital APPETITE engagement to minimize lawsuits and
legal risks
resilience
LIQUIDITY RISK COMPLIANCE RISKS
Maintain liquidity at optimal levels ommitted to complying with
to support profitability growth and applicable laws and regulations,
anticipate potential liquidity pressures STATEMENT external and internal regulations
OPERATIONAL RISKS REPUTATION RISKS
Intolerance towards operational failures Providing the best service and resolve
in the bank business caused by human complaints customers completely
factors, internal processes, systems
and technology as well as maintaining BANK
resilience to external factors and
changes in the business environment.
ESG RISKS
Committed to conducting sustainable
business that manages climate change
risks, social impacts and shared
prosperity and supports the net zero
emission transition.
2025 Annual Report 875
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08 Corporate Governance
Risk Appetite Statement 2026
In December 2025, The Company has set a Risk Appetite Statement for 2026 with the following details:
CREDIT RISKS STRATEGIC RISK
Maintain sound and sustainable asset Maintain sustainable growth in
earnings and capital in alignment with
RISK
growth through the implementation of
prudent, integrity-driven, and resilient the Bank’s risk profile.
governance practices.
MARKET RISK LEGAL RISKS
Maintaining optimal market risk Maintain legal policies and
exposure, covering both trading
book and banking book activities, in APPETITE engagement to minimize lawsuits and
legal risks
supporting profitability growth and
capital resilience.
LIQUIDITY RISK COMPLIANCE RISKS
Maintaining liquidity at an optimal Committed to complying with
level through efficient, diversified, and applicable laws and regulations,
stable funding structure management STATEMENT external and internal regulations
to support profitability growth and
anticipate potential liquidity pressures.
OPERATIONAL RISKS REPUTATION RISKS
Maintaining intolerance towards Providing the best service and resolve
operational failures in the bank business complaints customers completely
caused by human factors, internal
processes, systems and technology as 2026
well as maintaining resilience to external
factors and changes in the business
environment.
ESG RISKS
Committing to implementing
sustainable business practices and
managing climate change risks.
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PT Bank Tabungan Negara (Persero) Tbk
Risk Management System
In the risk management system, the Bank carries out a risk management process that is supported by 4 pillars of risk
management implementation, namely:
1. Active Supervision by the Board of Commissioners and the Board of Directors.
2. Adequacy of risk management policies and procedures and application of risk limits.
3. Adequacy of risk identification, measurement, monitoring, and control processes as well as information systems.
4. A comprehensive Risk Control System.
Active Supervision of The Board of Commissioners and Board of Directors
In accordance with OJK regulation No. 65/POJK.03/2016 concerning the Implementation of Risk Management for
Commercial Banks, effective risk management implementation is carried out through active supervision by the Board
of Directors, the Board of Commissioners, and the Sharia Supervisory Board. This supervision is supported by the Risk
Management Work Unit, as illustrated in the risk management organization structure below:
Organs of the Board of Commissioners and Directors Risk Management Work Unit
Risk Management Work Unit, a work
unit tasked with identifying, measuring,
monitoring and controlling risks to assist
the duties and responsibilities of the Board
of Directors
Compliance Work Unit, a work unit tasked
with carrying out compliance functions
and preventive measures to assist the
Board Directors duties and responsibilities of the Board of
Commissioner Directors
1 Risk Monitoring 1 Risk Management Committee
Committee 2 ntegrated Risk Management Committee
2 Audit Committee Asset and Liability Management Committee Internal audit work unit, a work unit
3
tasked with ensuring the Bank’s
3 Remuneration (ALCO) internal control to assist the duties and
and Nomination 4 Credit Policy Committee responsibilities of the Board of Directors
Committee 5 Credit Committee
6 Human Capital Committee
7 Information Technology (IT) Steering Committee
8 Transformation Steering Committee
Policy Work Unit, work unit tasked with
9 Business Committee
managing Bank policies and procedures
10 Environmental, Social, and Governance (ESG) to assist the duties and responsibilities of
Committee the Board of Directors
11 Capital and Subsidiary Committee
The organ of the Board of Commissioners and the Board of Directors is assisted by several committees in carrying out
banking duties and activities in accordance with applicable Regulatory provisions; then, the duties are forwarded to
the layers under the body of the Board of Commissioners and Board of Directors, namely the Risk Management Work
Unit, Compliance Work Unit, Internal Audit Work Unit, and Policy Work Unit.
2025 Annual Report 877
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08 Corporate Governance
Adequacy of Risk Management Policies and Procedures and Determination of Risk Limits
In implementing healthy risk management, adequate risk management policies and procedures are required.
The Company currently has a General Risk Management Policy (KUMR) as the highest policy in implementing Risk
Management with a framework covering all activities in implementing the Company’s Risk Management.
The general risk management policy mapping was illustrated starting from the risk management strategy, risk
management at the Company, and the expected output is a healthy Bank Soundness Level.
output:
Corporate
Strategy Good Bank
Health Level Management of Types of Risk in Banks
RISK MANAGEMENT
STRATEGY Credit Risk Credit Risk Management
Risk Appetite/ RISK MANAGEMENT LIMITS
Risk Tolerance Market Risk
Market and Liquidity Risk
Risk Risk Management
Liquidity Risk
Credit | Iden Operational
ran tifi Capital
po k Strategy
ela
as
Recovery & Risk Risk • Operational, Legal,
i|P
alian | P
Resolution Plan Market Liquidity Operational Risk Compliance and Reputation
Proses
engukura
(RRP) Risk Management
Manajemen Legal Risk • IT, Cyber and Digital Risk
Resiko
end
Risk Risk Management
Law Reputation Compliance Risk • Risk Management for New
ng
n
Pe e Activities and Products
|
Risk
ma |P Reputational Risk
ntauan • Business Continuity
Management Risk Risk • Business Management
Organization Strategic Obedience Continuity
Management
RISK MANAGEMENT INFORMATION SYSTEM • Contingency
Strategic Risk Management
Plan
Strategic Risk Recovery Plan and Resolution
Control RISK CULTURE • Implementation Plan
Internal of Risk
RISK MANAGEMENT GUIDELINES Management
In addition to the adequacy of risk management policies and procedures, the Company had also conducted a series of
processes in setting risk limits which were formulated and elaborated by following and/or aligning with the Company’s
Work Plan and Budget to the Recovery Plan in accordance with applicable regulations. The illustration of setting limits
is as follows:
1 RKAP
RKAP
Company Work Plan and Budget prepared for the next 1
Bussiness as Usual (one) year
2 RISK APPETITE
Risk Appetite (RA)
Contingency Actions
3 RISK TOLERANCE Risk Appetite is the level of risk that the Bank is willing to
take in order to achieve targets
RECOVERY PLAN Recovery Plan Actions
4 Risk Tolerance (RT)
PREVENTION
Risk Tolerance is the maximum risk level set by the
Recovery Plan Actions Company
RECOVERY PLAN
5 RECOVERY
Recovery Plan
Recovery Plan Actions
RECOVERY PLAN The Recovery Plan is an Action Plan to overcome financial
6 REPAIR problems that may occur
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PT Bank Tabungan Negara (Persero) Tbk
In strengthening risk management policies and procedures, in the practice, the Company also included risk
management as one of the pillars of the Company’s corporate culture, where one of the pillars of corporate culture is
Governance & Risk Culture. The Governance & Risk Culture pillar is an urgent and crucial pillar to be strengthened so
that all business processes run prudently and comply.
Corporate Culture Framework 2025 - 2029
Leading Partner In Empowering The Financial Vision statement BTN 2025-2029 along with the strategic theme
Of Indonesian Families that is determined every year
Home of Indonesia’s Best Talents HC Mission statement BTN 2025 2029 along with the employee
theme to be developed
3 Ps (Productive, Prominent, Prosperous) Talents With Global Mindset 3Ps: Productive, Prominent, Prosperous
AKHLAK Core Values BTN which is in line with the Core Values established
by KBUMN
Be The oNe
5 Pillars of Culture supporting transformation which are
compiled based on the Core Values of
AKHLAK and the strategic
Sales & Service Governance & Risk Performance Learning Digital
Culture Culture Culture Culture Culture themes of company transformation.
The theme of the 2025-2029 cultural pillar with the tagline Be The
Be The oNe: Be The oNe: Be The oNe: Be The oNe: Be The oNe:
oNe according to the pillar (depicting the spirit)
Berorientasi Sadar Risiko & Sadar Berjiwa Terus Belajar Cakap Digital
Pelanggan Lingkungan Intrapreneurship
The main program derived from each cultural pillar is reviewed
10 Program Utama annually to adapt to the established cultural pillar theme and
strategic direction for the current year.
• Sales Rhythm • ESG Champion • Kerja Cepat (Cerdas, • Learn The Best, From • Bale & Korpora
• Pasti Best (Berikan • 3 Jaga (Jaga Diri, Tepat, Tuntas) The Best, Be The Best Racing Success indicators of each Main Program whose targets and
Service Terbaik) Jaga BtNers, Jaga • C-Pro (Coahing For • I-Mindset (Innovation
BTN) Productivity) Mindset)
• Digital Racing achievements are reviewed annually
3 parties who made the cultural program a success
Change Leaders Change Agents BTNer
Reward System: Best Employee, Best Change Agent, Best
BTNers Excellence Awards (BXA) Performance, Best Innovation & Best Services (STAR)
The implementation of Risk culture is used as a basis Adequacy of Risk Identification, Measurement,
for establishing procedures, attitudes, behavior or Monitoring and Control Processes and
understanding related to the implementation of Information Systems
Risk Management carried out at all levels of the
Company organization in carrying out all its duties and The processes of risk identification, measurement,
responsibilities to achieve the strategic goals that have monitoring, and control are carried out by the Risk &
been determined. ESG Management Division (ERMD) and the Operational
& Digital Risk Management Division (DORD). These units
Risk Culture Objectives: identify and measure each type of risk while conducting
1. Ensuring that all levels of the organization have periodic monitoring and control to mitigate significant
knowledge about risk, both awareness of the risks to the Bank. Risk identification, measurement,
dangers of risk and the benefits if risk can be properly monitoring, and control are key components of the risk
mitigated in all banking activities; management implementation process.
2. Ensuring that every level within the Company
organization recognizes and understands that risk Matters that are of concern to the Company in carrying
is unavoidable but must be managed to support out the processes of identification, measurement,
performance; monitoring, control, and risk management information
3. Establishing a risk culture as an integral part of the systems are as follows:
company’s culture; and
4. Ensuring that decision-making in developing Risk Identification
strategic plans and performance is based on risk Risk identification is the process of discovering,
management strategies. recognizing, and documenting risks. The objective of this
process is to identify all types of risks inherent in each
functional activity that could potentially cause losses, as
well as risks associated with new products and activities
2025 Annual Report 879
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08 Corporate Governance
within the Company. The risk identification process with internal limits, and stress testing results, as well as
involves analyzing all sources of risk, risk events, and risk implementation consistency with established policies
impacts on the Company’s products and activities while and procedures. Monitoring results are presented in
ensuring that risks from new products and activities have periodic reports submitted to management to mitigate
undergone an appropriate risk management process risks and take necessary actions. The Company
before being introduced or implemented. Additionally, prepares an effective backup system and procedures to
the Bank conducts periodic risk identification supported prevent disruptions in the risk monitoring process and
by adequate methods or systems. periodically checks and reassesses the backup system.
Risk Measurement Risk Control
Risk measurement is the process used to measure the The Bank’s risk control system adheres to established
risk exposure inherent in the Company’s activities to policies and procedures. The risk control process is
compare it with the Company’s risk appetite, enabling adapted to risk exposure and the level of risk the Bank
the Company to take risk mitigation actions and assess is willing to take (risk appetite) within risk tolerance
the adequacy of its capital to cover residual risks. Risk limits. Risk control can be carried out through hedging
measurement is conducted periodically for products, mechanisms and other risk mitigation methods such
portfolios, and all business activities of the Company. as issuing guarantees, asset securitization, credit
Risk measurement methods can be quantitative and/or derivatives, and increasing the Bank’s capital to absorb
qualitative, using standardized methods established by potential losses.
Bank Indonesia and OJK for risk assessment and capital
calculation, as well as internally developed methods Risk Management Information System
tailored to business characteristics and complexity. The risk management information system at the
The risk measurement system is evaluated and refined Company is managed jointly by several Divisions at the
periodically or as needed to ensure the appropriateness Company. In the early stages, the focus was on collecting
of assumptions, accuracy, reasonableness, and data and improving the quality of the data and risk database,
integrity, as well as the procedures used to measure which is expected to be developed and applied to the
risk. Stress testing complements the risk measurement risk management information system in stages so that
system by estimating potential losses under abnormal the process of risk measurement and risk monitoring
market conditions using specific scenarios to assess can be carried out in an integrated manner and can be
the Company’s performance sensitivity to changes presented in a timely manner and in accordance with
in risk factors and identify significant impacts on regulatory provisions apply.
the Company’s portfolio. Stress testing is conducted
regularly, with the results reviewed, and appropriate Internal Control System
actions taken if projected conditions exceed acceptable
tolerance levels. These results serve as inputs when The implementation of a reliable and effective internal
establishing or revising policies and limits. control system is the responsibility of all Operational
Work Units (risk-taking units), Risk Management Work
Risk Monitoring Units, Compliance Work Units, and Internal Audit Work
Monitoring systems and procedures include monitoring Units. The process is described as follows:
the amount of risk exposure, risk tolerance, compliance
880 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3 Lines Model
GOVERNING ORGANS
BoC
Governing Organs
Accountability to stakeholders for organizational oversight
External Assurance Provider
Management
The role of the Management Organ: integrity, leadership, and transparency
BoD
Management Internal Audit First Line:
Actions (including risk management) to achieve
Independent Assurance
organizational objectives
Business & Operational Units
First-line roles: Second-line roles: Third line role:
Providing products/ Expertise, assistance, Independent and Second Line:
services to clients; monitoring, and challenge objective assurance
managing risks on risk-related matters and advice on all
matters related to the Compliance, Risk & Policy Unit
achievement of objectives
Third Line:
Kunci: Akuntabilitas, Delegasi, Keselaran,
Pelaporan mengarahkan, Komunikasi, Koordinasi, Internal Audit
Menyediakan sumber dan Kolaborasi
daya, dan Pengawasan
Types of Risks and Their Management The Company’s credit management is directed at
expanding credit and managing the quality of each loan
In implementing risk management, the types of risks from the time it is disbursed until it is repaid by the debtor,
managed by the Company included: and to prevent it from becoming a non-performing loan.
Effective credit management can minimize losses and
Credit Risk optimize the use of capital allocated for credit risk.
Credit Risk is the risk of loss due to the failure of other The Company actively conducts the SME and Commercial
parties to fulfill their obligations. Included in Credit Risk Credit Portfolio Quality Review Forum together with the
are the Credit Risk due to debtor failure, the Credit Risk Board of Directors, Divisions, CBC, and Branch Offices on
due to the concentrated provision of funds (Credit a monthly basis or as requested, providing an up-todate
Concentration Risk), the Credit Risk due to counterparty overview of credit positions and quality at both the
credit risk, the Credit Risk due to settlement failure bank-wide and segmented levels. To improve the credit
(settlement risk), and the Credit Risk due to country risk. decision-making process, the Bank has also established
a credit committee through Credit Committee Meetings,
Credit Risk can originate from various Company accompanied by a centralized credit process. For
business activities. In most banks, lending is the largest commercial credit, the Company has implemented the
source of credit risk. In addition to credit, the Company Commercial Banking Center (CBC), which serves as a
faces Credit Risk from various financial instruments such centralized commercial credit processing unit. In the
as securities, acceptances, interbank transactions, trade SME segment, the Bank is also implementing SPU (SME
financing transactions, exchange rate transactions, and Processing Center) as an initiative to improve the SME
derivatives as well as commitments and contingencies. credit process and management, enhance productivity,
improve centralized and objective credit decisionmaking,
Credit Risk Management and enable centralized monitoring. The Company has
also started applying Portfolio Guidelines for Wholesale
As part of credit risk management, the Company Credit and is developing Portfolio Guidelines for the
regularly reviews and updates its Credit and Financing SME Credit and Sharia Financing segments to manage
Policy Guidelines for company credit and financing as credit/financing concentration risk while maintaining
part of the risk assessment process. Credit Risk Exposure prudence and governance principles. The Company is
is monitored from the credit granting process until developing several system models related to credit risk
maturity. Credit risk monitoring and control include management, such as the SME Credit Scoring Model
evaluating credit risk exposure against credit risk limits for the SME segment, and the Early Warning System
(Risk Appetite and Risk Tolerance). (EWS) for the SME, Commercial, and Corporate Credit
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segments, which can predict debtor conditions up conditions, including the risk of changes in option
to 12 months in advance. IT development is currently prices. Market Risk includes among others interest rate
underway to integrate these systems into Company’s risk, exchange rate risk, equity risk, and commodity risk
overall system. which can be detrimental to the Bank. Market risk can
originate from either the trading book position or the
For consumer loan, the process of controlling credit risk banking book position.
is carried out through the Consumer iLoan system which
is equipped with a Credit Scoring Model (CSM) which Market Risk Management
is currently being developed at CSM Company. The
management of Col-2 and NPL consumer credit debtors The Company identifies, measures, monitors, and
is carried out by the Consumer Collection, Recovery controls market risk through the business units and/
& Asset Sales Work Unit while for commercial credit is or Enterprise & ESG Risk Management Division. One of
carried out by the Commercial Asset Management Work the key processes in market risk identification includes
Unit. assessing each product or activity categorized as a
new product or activity. For market risk management,
As a follow-up to the implementation of Pillar 1 of Company has established the Assets and Liabilities
Basel II, in 2023, the Company implemented credit risk Committee (ALCO), which periodically reviews interest
measurement by using Standardized Approach OJK rate risks and market risk management, particularly
Circular Letter No. 24/ SEOJK.03/2021 dated October 7, those derived from banking book positions.
2021 concerning Calculation of Risk-Weighted Assets
(RWA) for Credit Risk using the Standard Approach for To measure interest rate risk in both trading book
Commercial Banks. and banking book positions, the Company conducts
sensitivity analysis to assess the impact of market
In order to manage credit risk, the Bank has applied the interest rate changes on the Company’s profit (loss) and
Four Eyes Principle by segregating credit risk functions equity. Additionally, to measure foreign exchange risk,
and business units. Commercial credit decisions consist the Company performs sensitivity analysis to evaluate
of Commercial Risk and Business Units as Risk Taking the impact of currency exchange rate fluctuations on
Units and first line as well as consumer credit decisions Company’s profit (loss). Specifically, for the banking
consisting of the Retail Risk Division (Regional Loan book position, Company measures interest rate risk
Processing Center) and Branch Offices and Regional using the repricing gap method, as outlined in Technical
Offices. Guidelines No. PT.8-F.1 dated May 24, 2023, regarding the
Implementation of Interest Rate Risk Management in the
To strengthen financing risk management and control Banking Book (IRRBB). In compliance with OJK Circular
the composition of the Company’s credit portfolio while Letter No. 12/SEOJK.03/2018 dated August 21, 2018,
ensuring healthy credit portfolio growth, the Company concerning the Implementation of Risk Management
manages credit risk through Portfolio Guidelines to and the Standardized Approach to Measuring Interest
mitigate concentration risk. These Portfolio Guidelines Rate Risk in the Banking Book (IRRBB) for Commercial
serve as a strategic initiative in the Company’s financing Banks, the Company has adjusted its IRRBB policy and
activities, always considering the latest macroeconomic reporting in accordance with applicable regulations.
conditions, particularly in sectors deemed viable for
financing, including priority sectors. The guidelines As an effort to complement market risk measurement
also include sectoral NPL/NPF analysis and monitoring, using standard methods and sensitivity analysis, the
sectoral credit limits, and sectoral industry prospects Company conducted stress testing to assess the
to support the Bank’s business development while Company’s resilience in facing extreme changes in
incorporating ESG considerations. interest rates and exchange rates, with scenarios
referring to regulatory provisions and the company’s
Market Risk internal scenarios. For internal Company scenarios,
at the beginning of each year, the Enterprise Risk
Market Risk is the risk on balance sheet positions Management Division coordinates with the Stress
and administrative accounts, including derivative Testing Working Group (relevant Division) to formulate
transactions, due to overall changes in market scenarios and assumptions to be used in implementing
Market Risk Stress Testing for the next 1 (one) year.
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PT Bank Tabungan Negara (Persero) Tbk
Market risk monitoring and control includes evaluating Liquidity Risk
market risk exposure to the Company’s internal limits
(Risk Appetite & Risk Tolerance) that have been set and Liquidity Risk is the Risk resulting from the Company’s
reviewed periodically to conform to the Company’s inability to meet its maturing obligations from cash flow
conditions. In addition, in order to control or limit funding sources and/or from high-quality liquid assets
exchange rate risk exposure, the Company had set that can be pledged as collateral, without disrupting the
limits which include treasury transaction limits, dealer Bank’s activities and financial condition.
limits, budget loss limits, stop loss/stop gain limits,
as well as Net Open Position (NOP) limits that are in The inability to obtain cash flow funding sources causing
accordance with the maximum limits stipulated in Bank Liquidity Risk may be caused among others by:
Indonesia Regulation No. 17/5/PBI/2015 dated May 29, 1. Inability to generate cash flow from productive
2015 concerning the Fourth Amendment to PBI Number assets or from the sale of assets, including liquid
5/13/ PBI/2003 concerning the Net Open Position of assets; and/or
Commercial Company's. The Company had a Market 2. Inability to generate cash flow originating from
Middle Office unit in the Risk Management Work Unit fundraising, inter-bank transactions, and loans
in carrying out market risk monitoring and control, received.
including monitoring of predetermined limits.
Liquidity Risk Management
The Company has implemented SEOJK As a guideline for managing liquidity risk, the Bank has
No. 23/SEOJK.03/2022 dated December 7, 2022, regarding Liquidity Risk Management Policy Guidelines, which
the Calculation of Risk-Weighted Assets for Market Risk are part of the Company’s Risk Management Policy
for Commercial Banks since January 2024. Guidelines. The Liquidity Risk Management Policy
Guidelines regulate, among other things, the active
For the implementation of Basel II, especially Pillar 2, the oversight of the Board of Commissioners and the Board
Company submitted a report on the implementation of Directors in applying liquidity risk management,
of risk management for the Interest Rate in the Banking the liquidity risk management process, as well as
Book (IRRBB) and a report on IRRBB calculations to the policies, procedures, and setting liquidity risk limits.
regulator on a quarterly basis in accordance with OJK The Company has an Assets and Liabilities Committee
Circular Letter No. 12/SEOJK.03/2018 dated August 21, (ALCO) responsible for liquidity management and
2018 concerning Implementation of Risk Management periodically reviewing liquidity risk management within
and Standard Approach Risk Measurement for Interest the Company.
Rate Risk in the Banking Book (Interest Rate Risk in The
Banking Book) for Commercial Banks. Referring to the Liquidity Risk Management Policy
Guidelines, the Company identifies, measures, monitors,
For Basel III implementation, the Company: and controls liquidity risk. Identification of liquidity risk
1. Submits monthly Liquidity Coverage Ratio (LCR) is basically aimed at knowing the amount and trend of
reports to regulators online via the OJK Online liquidity needs as well as available funding sources to
Reporting Application (APOLO) and publishes them meet those needs.
quarterly on the Bank’s website in accordance with
OJK Regulation No. 19/2024 dated November 8, 2024, Measurement of liquidity risk in the Company is
on the Liquidity Coverage Ratio (LCR) Requirement carried out by the Treasury Work Unit and the Risk
for Commercial Banks. Management Work Unit. When measuring liquidity
2. Submits quarterly Net Stable Funding Ratio (NSFR) risk, the Company refers to Technical Instructions No.
reports to regulators online via the OJK Online PT.8-F.4 , concerning Implementation of Liquidity Risk
Reporting Application (APOLO) and publishes them Management. Liquidity Risk measurement uses 4 (four)
on the Bank’s website in accordance with OJK methods, namely stockbased, maturity profile analysis,
Regulation No. 20/2024 dated November 8, 2024, on cash flow projections, and stress testing. The stock-
the Net Stable Funding Ratio (NSFR) Requirement for based method is used to measure liquidity risk at the
Commercial Banks.
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Company using liquidity ratios, the maturity profile These sources of risk can cause events that have a
analysis method is used to measure liquidity gaps and negative impact on the Company’s operations so the
cash flow projections are used to measure the amount emergence of these types of Operational Risk events is
and trend of liquidity needs. The Bank carries out stress a measure of the success or failure of Risk Management
testing using Bank Specific Crisis (BSC) scenarios and for Operational Risk. Operational risk events can be
General Market Crisis (GMC) stress testing, the aim of classified into several types, including internal fraud,
which is to measure the adequacy of available liquid external fraud, employment practices and workplace
assets and the Company’s ability to meet liquidity safety, customer-related issues, product and business
needs in crisis conditions. s. The Enterprise Risk practices, physical asset damage, business disruptions
Management Division in coordination with the Stress and system failures, as well as process and execution
Testing Working Group (related Division) formulates errors. This also includes fraud arising from money
the risk impact on scenarios and assumptions that will laundering and terrorist financing activities. Additionally,
be used in implementing Liquidity Risk Stress Testing for IT, Digital, and Cyber risks are also encompassed within
the next 1 (one) year. operational risk.
In order to maintain the availability and adequacy of Operational Risk Management
liquid assets and to control or limit exposure so as not To implement operational risk management, the
to be affected by liquidity risk, the Company regularly Company has developed the Operational Risk
monitors liquidity risk on a daily, weekly, monthly, and Management Information System (ORMIS), an integrated
quarterly basis. Liquidity risk monitoring by the Risk system with multiple operational risk management tools
Management Work Unit is submitted to the Board of such as RCSA, LED, and KRI for each work unit. This system
Directors and strategy evaluation is submitted to the has already been implemented at regional offices and
relevant Division. branch offices.
Monitoring and controlling liquidity risk include RCSA is used to carry out the process of identifying and
evaluating liquidity risk exposure to the Company’s measuring operational risks inherent in all Company
internal limits (Risk Appetite & Risk Tolerance) and work units. In completing the RCSA, all work units are
predetermined Recovery Plan trigger levels. These limits required to be able to identify and measure operational
are reviewed periodically so that they are in line with risks that are inherent in daily activities and have an
the Company’s conditions. In addition, the Company impact on achieving the work unit’s targets.
monitors the Early Warning Indicator (EWI) and reports
it regularly to the Board of Directors and related Work LED functions as operational risk data collection for
Units. operational risk events in Branch Offices based on 7
(seven) types of risk events in accordance with Basel II
In accordance with OJK Regulation No. 5 of 2024 provisions. Work Units can send data on losses due to
dated March 27, 2024, regarding the Determination of operational risks (loss events) online whenever there is
Supervision Status and Handling of Issues in Commercial a risk event in their Work Units. The output from this LED
Company's, the Company has been monitoring liquidity is data on accumulated Company losses in one month
indicators, including the Liquidity Coverage Ratio (LCR) in the form of actual loss, near miss, and potential loss
and Net Stable Funding Ratio (NSFR) as mandated for each risk event. The results of the collected data will
by OJK Regulation No. 19 of 2024 dated November 8, be processed and analyzed so that operational risk
2024, on the Requirement for Liquidity Coverage Ratio exposure maps for each work unit can be identified. This
Compliance for Commercial Banks and OJK Regulation exposure map become a reference in mitigating the
No. 20 of 2024 dated November 8, 2024, on the occurrence of similar incidents by improving business
Requirement for Net Stable Funding Ratio Compliance processes or adding other forms of risk mitigation.
for Commercial Banks.
KRI is a dashboard for monitoring risk trends based
Operational Risk on indicators. KRI can be used to detect predictive or
lagging risks as input for preventive or corrective action.
Operational Risk is the Risk resulting from inadequate
and/ or non-functioning internal processes, human
errors, system failures, and/or external events that
affect the Company’s operations. Operational Risk can
originate from HR, internal processes, systems, and
infrastructure, as well as external events.
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PT Bank Tabungan Negara (Persero) Tbk
The Company implemented a Business Continuity As part of the Company’s internal control system to foster
Management (BCM) policy to ensure the continuity a fraud-risk-aware culture across all organizational
of the Company’s operations in running the business levels, the Company has implemented a Special Policy
after being affected by operational risks originating related to Fraud Risk Management Procedures and has
from external factors such as natural disasters, social established a Fraud Risk Management Department
conflicts, and IT system failures. The BCM policy contains under the supervision of DORD.
systematic steps and guides employees in dealing with
emergencies, starting from pre-disaster preparedness, Legal Risk
disaster response, and operational continuity plans to
return to normal conditions. In supporting the successful Legal Risk is the Risk resulting from lawsuits and/or
implementation of BCM, the Company carried out weaknesses in juridical aspects. Legal risk can originate,
several activities including: among others, from weaknesses in the juridical aspect
1. Updating internal regulations related to Business caused by weak agreements made by the Company,
Continuity Management (BCM) on a regular basis the absence and/or changes in laws and regulations
which clearly defines the roles and responsibilities of that cause a transaction that has been carried out by the
each Work Unit. Company to be not in accordance with the provisions,
2. The process of internalizing all employees by and litigation processes whether arising from third party
compiling socialization materials and conducting lawsuit against the Bank or the Company against a third
quizzes that are included in the Risk Awareness party.
culture program.
3. The Bank conducted a Business Continuity Plan pilot Legal Risk Management
to ensure the Company’s readiness for a disaster Legal Risk Identification is carried out on the factors
and to maintain business operations. that cause risk including the existence of lawsuits
4. Conducting an assessment of the availability of and weaknesses in the juridical aspects inherent in
Working Remote Areas (WRA) by involving critical functional activities of credit (provision of funds),
work units, so that the WRA owned by the Company treasury and investment, operations and services,
has an adequate level of readiness to support information system technology and MIS, and human
operational activities when a disaster occurs. resource management.
As digital banking services expand and cybersecurity Measurement of Legal Risk is carried out by the Risk
concerns grow, the Bank continues to strengthen its Management Work Unit in coordination with the
IT risk management system to anticipate potential Legal Work Unit and the Credit Operational Work
IT, Digital, and Cyber threats that may arise due to Unit. Legal risk measurement is carried out by the
digital transformation. This is achieved through the Risk Management Unit in coordination with the Legal
development of Digital Risk Management governance Unit and the Credit Operations Unit. The Legal Unit
under the supervision of DORD. provides individual case evaluations on contingent
liabilities arising from ongoing litigation, while the
As part of its efforts to improve the monitoring function Credit Operations Unit assesses the quality of credit
of operational risk control in operational activities agreement documentation (LAT). Parameters used for
at Branch Offices, Regional Offices, Central Business measuring legal risk include potential losses due to
Commercial (CBC), and Regional Loan Processing lawsuits, contractual weaknesses arising from invalid
Centers (RLPC), officers have been assigned to Business agreements, and regulatory changes that could
Branch Control (BBC), Regional Business Control render the Bank’s products noncompliant with existing
(RBC), CBC-BC (Commercial Business Center Business regulations.
Control), and RLPC-BC (Regional Loan Processing Center
Business Control). These officers function as a 1.5 line of Legal Risk Monitoring is carried out by the Risk
defense in coordination with the Digital & Operational Management Work Unit by evaluating the effectiveness
Risk Management Business Unit. Meanwhile, to supervise of the implementation of policies, procedures and
and mitigate operational risk at the Head Office, the compliance with policies, legal regulations and
Company has established an Operational Risk Control Company limit provisions. Monitoring is carried out
(ORC) Head Office under the supervision of the DORD. periodically for all Legal Risk positions. In carrying out
Legal Risk control, the Legal Work Unit provides legal
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08 Corporate Governance
input and recommendations to each division and work Strategic Risk Management
unit and conducts periodic reviews of cooperation Strategic Risk identification is carried out based on
agreements and contracts with counterparties. In Strategic Risk factors in certain functional activities,
addition, the Company has a Legal Application System such as credit, treasury, and investment activities as
(LApS) application which is designed in the form of a well as operations and services through a business plan
website and is used as a register and monitoring of prepared by the Corporate Strategy & Planning Work
legal cases that occur or are handled by the Company, Unit as an elaboration of General Policies stipulated by
both criminal and noncriminal, so that every case that the Board of Directors.
is happening, both at the branch and progress can be
monitored at the Head Office. Strategic Risk measurement is carried out based on
the achievement of the Company’s performance by
The Company has assigned employees at Branch comparing actual results with predetermined targets.
Offices as Regional Legal Representatives (RLRs), whose Strategic Risk Monitoring is carried out by the Corporate
duties and responsibilities include the following: Strategy & Planning Work Unit on a regular basis by
1. Provide legal assistance for litigation issues monitoring the achievement of Key Performance
submitted by each work unit in the context of Indicators (KPI) and the Risk Management Work
implementing Company operations and provide Unit which monitors risk exposure compared to the
legal assistance in every legal case. Company’s risk appetite and monitors Risk Appetite and
2. Represent the Company in carrying out proceedings Risk Tolerance of the Strategic Risk on a monthly basis.
in the Court, Police, Prosecutor’s Office, other legal Then, the Board of Commissioners, Directors, and Work
institutions, and outside the court in its work area. Units review the basic strategy with a focus on business
3. Provide legal opinions on legal issues submitted by transformation, infrastructure, and Human Resources as
Regional Offices, Branch Offices, and Sharia Branch well as Review Risk Appetite and Risk Tolerance regularly
Offices related to operations in their work areas. and at least once a year.
4. Providing legal consultation on legal issues
submitted by Branch Offices. Furthermore, the Risk Management Work Unit monitors
5. Perform legal watch functions in accordance with Strategic Risk by comparing expected results with actual
Regulatory provisions. results, evaluating work unit performance, and ensuring
6. Manage and control legal risks within the scope of target achievement. In controlling Strategic Risk, the
work. Corporate Strategy & Planning Work Unit functions to
analyze gaps between actual reports and business plan
Strategic Risk targets and submit corrective steps that must be taken
to the Board of Directors on a regular basis.
Strategic Risk is the risk due to inaccuracy in making
and/or implementing a strategic decision and failure Compliance Risk
to anticipate changes in the business environment
Strategic risk arises due to the Bank’s failure to align Compliance Risk is the risk caused by the Company
its strategy with its vision and mission, conducting for not complying with and/or not implementing the
incomplete strategic environmental analysis, and/ applicable laws and regulations, such as credit risk
or inconsistencies in strategic planning across related to the Minimum Capital Requirement (KPMM),
different levels. Strategic risk also emerges from Earning Asset Quality, Establishment of CKPN, Legal
the Company’s inability to anticipate changes in Lending Limit (BMPK), market risk related to the provisions
the business environment, including technological of the Net Open Position (NOP), strategic risk related to
advancements, macroeconomic conditions, market the provisions of the Annual Work Budget Plan (RKAT),
competition dynamics, and regulatory changes from and other risks related to certain provisions. Compliance
the government, Bank Indonesia, the Financial Services risk can also originate, among other things, from legal
Authority (OJK), and other relevant authorities. behavior, namely behavior or activities of the Company
that deviate from or violate the provisions and/or laws
and regulations, and organizational behavior, namely
behavior or activities of the Company that deviate or
conflict with generally accepted standards.
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PT Bank Tabungan Negara (Persero) Tbk
Compliance Risk Management 2. Other matters that may lead to Reputation Risk, for
The management of the Company’s compliance risk example, weaknesses in governance, corporate
is carried out by the Risk Management Work Unit in culture, and business practices of the Company.
coordination with the Compliance and Governance
Division/CMGD. The Compliance Work Unit monitors the Reputation Risk Management
Company’s report submission obligations to external All employees, including business unit management
parties and reviews internal regulations periodically and Company supporting activities, are part of the
and continuously so that they remain relevant to Risk Management implementation for Reputation Risk,
applicable external regulations. The Company has an considering that reputation is the resul of all of the
internal application, namely the Regulatory Compliance Company’s business activities. The role of the Business
& Monitoring System (CRMS), to make it easier for all Unit Management is to identify the Reputation Risk
Company employees to access all external regulations that occurs in the business activity and/or activities
and to function as a reminder to work units on the of the unit and as a front liner in developing and
obligation to submit reports to Regulators. To minimize preventing Reputation Risk, scpecifically related to
the potential for compliance risk, the Company placed customer relationshops. Reputation Risk identification is
Regional Compliance Supervisory Officers (RCSO) in conducted on risk factors inherent in certain functional
Regional Offices to evaluate the compliance level of activities, such as credit provision (provision of funds),
Branch Offices in carrying out operational activities. fund raising, treasury and investment, operations and
Along with the enactment of the Personal Data services, information technology systems and MIS, and
Protection Act, the Compliance Work Unit formed a Data Human Capital.
Privacy sub-unit, and a gap analysis on the readiness
of the Company in implementing the said provisions As part of the reputation risk identification process, BTN
had been carried out. The Compliance Work Unit has implemented the SPN (Customer Complaint System)
monitors and reports compliance risk that occurs to the application and conducts monitoring of all mass media
Company’s Directors on a regular basis. Compliance (both print and electronic, at local and national levels).
Risk measurement is carried out on potential losses The Company records all news reports related to the
caused by non-compliance and the Company’s inability Company, whether direct (straight news) or indirect
to comply with applicable external regulations. The (mentions). The SPN application is integrated with
indicators/ parameters used in measuring Compliance Branch Offices and the Contact Center. The Customer
Risk include the type, the significance, and the frequency Complaint Management Unit, as the administrator of
of violations against applicable regulations or the SPN, follows up on customer complaints and resolves
track record of Company compliance, the behavior them in accordance with the established Service Level
underlying the violation, and violations of generally Agreement (SLA).
accepted standards.
The Reputation Risk Measurement is performed
In order to control Compliance Risk, the Risk Management according to the results of an assessment of the factors
Work Unit and the Compliance Work Unit were assigned affecting the Company’s reputation, including customer
with evaluating the effectiveness of the implementation complaints and reporting about the Company. The
of Compliance Risk management by periodically Company’s Reputation Risk is managed by the Corporate
monitoring all types of activities that have the potential Secretary Division (CSD) work unit that manages news
to cause Compliance Risk. about the Company which is published in the print
and electronic mass media and the Service Quality &
Reputation Risk Network Division (SQND) who manages complaints from
the customer.
Reputation Risk is the Risk resulting from a decrease in
the stakeholder trust level originating from a negative In order to monitor Reputation Risk and ensure customer
perception of the Company. Reputation Risk can satisfaction, the Company’s SPN (Customer Complaints
originate from various Company business activities as System) functions to support the management of
follows: services and online customer complaint handling
1. Events that have damaged the Company’s between parties regarding problems in Branch Offices
reputation, for example, the influence of the and Headquarters. Reputation Risk monitoring is also
reputation of the owner of the Company and related conducted by the Enterprise Risk Management Division
companies, product complexity and Company (ERMD) by reminding and providing recommendations
business cooperation, negative publicity about for improvement to the Reputation Risk Management
the Company, violations of business ethics, and Division of CSD and SQND according to the assessment
customer complaints. of reputation risk profile parameters.
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08 Corporate Governance
Strengthening The Implementation 9. The Company has an operational risk control system
of Risk Culture throughout the Company’s network. The Company
has implemented awareness regarding the use of
Strengthening the implementation of risk culture as part the ORMIS application as a form of implementing risk
of maintaining commitment and ensuring that the risk management throughout the branch office network.
culture policy is understood and implemented by all 10. To enhance risk awareness among Human Resources
management and employes of the Company, so the risk (HR), the Company organizes an annual Culture Day
culture implementation strategy must be in line with the event by inviting external speakers. The Culture Day
Company’s risk management implementation strategy. event aims to promote a risk-aware culture as an
The Company determines a risk culture implementation integral part of operational and business processes,
roadmap per year according to the level maturity to be as well as to instill a value-driven orientation of the
achieved, monitoring the implementation of risk culture risk management function towards business goals.
by measuring the maturity level of risk culture at least 11. Implementing increased risk awareness regarding
once a year by the internal team and once every three potential fraud vulnerabilities within the Business Unit,
years by an independent team (external party). The in line with OJK Regulation No. 12 of 2024 concerning
Company reviews its risk culture policy at least once a the Implementation of Anti-Fraud Strategies for
year. Several programs for implementing and improving Financial Services Institutions, which encompasses
the Company’s risk culture are: four main pillars:
1. The Risk Economic Outlook is an annual routine a. Prevention
agenda which discusses strategies for determining b. Detection
risk appetite and risk tolerance. This forum aims to c. Investigation, Reporting, and Sanction Imposition
provide an understanding of risk awareness to the d. Monitoring, Evaluation, and Follow-up
Board of Commissioners and Directors so that they
can make the right strategic decisions. DORD has submitted quarterly consolidated reports
2. The Company actively conducts Portfolio Quality to the Anti-Fraud Sub-Committee and the Board of
Review Forums attended by Directors, Divisions, Commissioners. These consolidated reports include
CBC, Branch Offices as an effort to provide the latest fraud detection results, status, investigation results,
picture of credit position and quality both bankwide follow-up actions, and sanctions.
and per credit segmentation.
3. Continuously strengthening Risk Management by Risk Assessment
implementing risk management improvement
strategies in accordance with the Risk Management In accordance with the Financial Services Authority
Improvement Roadmap initiated based on the Risk Regulation No. 18/POJK.03/2016 dated March 16, 2016,
Maturity Index assessment results. concerning the Implementation of Risk Management for
4. Conduct visits and awareness in the context of Commercial Banks and Circular Letter of OJK Circular
implementing data cleansing to improve the quality Letter No. 34/ SEOJK.03/2016 dated September 01, 2016
of the loss event database at Bank BTN. concerning the Implementation of Risk Management
5. Cultivating a compliance culture, carried out for Commercial Banks, Risk Management Division shall
through an approach that ensures every business report the risk profile to Financial Services Authority
process adheres to applicable internal and external (OJK) quarterly containing information about Credit
regulations, provisions, and SOPs. Risk Exposure, Market Risk, Liquidity Risk, Operational
6. Implementing continuous prevention so that there Risk, Compliance Risk, Strategic Risk, Legal Risk, and
are no significant weaknesses in the first line defense Reputation Risk. The assessment of the risk profile covers
process and making corrective action plans in the assessment of the Inherent Risk and the Quality
coordination between the Risk Management Work Rating on the Implementation of Risk Management in
Unit and the Internal Audit Work Unit. Company’s operational activities.
7. Strengthening operational risk control through
various activities such as seminars, workshops, and
risk outlook sessions.
8. Internalizing risk management culture through
socialization, learning, and e-learning of risk culture
to all employees through BTNbest and measuring
the level of understanding through quizzes.
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PT Bank Tabungan Negara (Persero) Tbk
Taking into account the results of self-assessment, the Company strives to maintain the Risk Profile Quarter IV 2023
to be in Low to Moderate level. The probable loss encountered by the Company in terms of the Inherent Risk is
considered low (Low to Moderate), with a Satisfactory rating for the Quality Rating on the Implementation of Risk
Management. Details are listed as follows:
Quality Rating on the
Types of Risk Inherent Risk Rating Implementation of Risk Risk Rating
Management
Credit Risk Moderate Satisfactory Low to Moderate
Market Risk Moderate Satisfactory Low to Moderate
Liquidity Risk Low to Moderate Satisfactory Low to Moderate
Operational Risk Moderate Satisfactory Low to Moderate
Legal Risk Low to Moderate Satisfactory Low to Moderate
Strategic Risk Low to Moderate Satisfactory Low to Moderate
Compliance Risk Low to Moderate Satisfactory Low to Moderate
Reputational Risk Low to Moderate Satisfactory Low to Moderate
The consolidated risk assessment is as follows.
Quality Rating on the
Types of Risk Inherent Risk Rating Implementation of Risk Risk Rating
Management
Credit Risk Moderate Satisfactory Low to Moderate
Market Risk Low to Moderate Satisfactory Low to Moderate
Liquidity Risk Low to Moderate Satisfactory Low to Moderate
Operational Risk Moderate Satisfactory Low to Moderate
Legal Risk Low to Moderate Satisfactory Low to Moderate
Strategic Risk Low to Moderate Satisfactory Low to Moderate
Compliance Risk Low to Moderate Satisfactory Low to Moderate
Reputational Risk Low to Moderate Satisfactory Low to Moderate
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08 Corporate Governance
Review of The Effective Risk Management adequacy of risk management information system
System of Issuer or Public Company and human resources, as well as the adequacy of the
internal control system. The adequacy of the Bank’s Risk
The risk profile assessment for both Conventional and Management System is supported by:
Sharia banking at Company is conducted periodically.
Throughout 2025, the assessment reflects that the risks Risk Monitoring Committee
faced by Company (both conventional and sharia)
have been effectively managed, supporting further The Risk Monitoring Committee has the duty and
business development. In other words, risk management responsibility of providing recommendations to the Board
at Company has been implemented efficiently and of Commissioners, i.e. by evaluating the Company’s
effectively. The results of the evaluation of Company risk management policy guidelines (credit risks,
Risk Management effectiveness by an external party market risks, liquidity risks, operational risks, legal risks,
(independent consultant) through the Risk Maturity Index strategic risks, compliance risks, and reputation risks),
(RMI) were in the strong practice phase with the criteria evaluating the conformance between the Company’s
of fulfilling the provisions of the Ministry of SOEs No.SK-8/ risk management policies guideline and its actual
DKU.MBU/12/2023 regarding technical instructions for implementation, as well as monitoring and evaluating
assessing the risk maturity index in the SOE environment. the Risk Management Committee’s performance. In
Throughout 2025, improvements to the implementation carrying out its duties and responsibilities, the Risk
of risk management were made in accordance with Monitoring Committee is assisted by the Enterprise
the recommendations of the Risk Maturity Index (RMI) & ESG Risk Management Division as the Committee
results carried out by an independent party so that secretary to conduct and schedule regular meetings to
the implementation of Risk Management continued to discuss current issues, including: Quarterly Risk Profile
improve and was standardized in each Business Unit (Individual & Consolidated), Company’s Soundness
and risk management became part of the process and Level (Individual and Consolidated), Recovery Plan, Risk
work culture of Company. Maturity Index and matters related to Company risk
management including participating in reviewing the
Statements of The Board of Directors Risk Management Policy Guidelines which include the
and/or The Board of Commissioners Bank’s Risk Appetite and Risk Tolerance.
or Audit Committee to Risk Management
System Adequacy Risk Management Committee
The internal control system implemented by BTN The Risk Management Committee (KOMAR) actively
is considered to be effective and adequate, as provides recommendations to the President Director
reflected in the effectiveness of the implementation of regarding risks associated with policies set by the
internal control functions, including internal audit, risk Board of Directors. It also evaluates regulations that
management, compliance, financial and operational may no longer align with recent developments and
control. The Company’s risk governance is based on require adjustments. KOMAR plays an active role in
good corporate governance and the involvement of all assessing risks associated with new products, services,
Company organs in risk management. This can be seen and activities, enabling the company to take necessary
from the structure of the Company’s risk management mitigation measures. The committee also conducts
organization. The Board of Commissioners through evaluations of the General Risk Management Policy
the Risk Monitoring Committee meeting and the (KUMR).
Board of Directors through the Risk Management
Committee meeting are responsible for ensuring that Integrated Risk Management Committee
the implementation of Risk Management is adequate
in accordance with the characteristics, complexity The Integrated Risk Management Committee (KOMAR)
and risk profile of the Company on a periodic basis. plays an active role in providing recommendations
Based on the results of the review conducted in 2025, to the President Director regarding the consolidation
the Board of Directors and the Board of Commissioners risks inherent in policies to be established by the Board
assessed that the risk management system has been of Directors, as well as evaluating provisions deemed
implemented adequately. inconsistent with current developments and requiring
adjustment. The Integrated KOMAR is actively involved
The Board of Commissioners and the Board of Directors in assessing the consolidation risks inherent in each new
are actively participating in mitigating the Company’s product and/or service/activity, enabling the Company
risks by monitoring Risk Management Implementation to take necessary mitigation measures and also
Quality, which includes risk governance, risk evaluating the General Risk Management Policy (KUMR).
management framework, risk management process,
890 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Risk Management Task Force Allowance for Impairment Losses (CKPN) Calculation,
Policies for Debtors Affected by Covid-19, Business
The Risk Management Unit is a work unit that directly Continuity Management (BCM) Policy, Business
reports to the Director, overseeing the Risk Management Continuity Plan (BCP) Technical Guidelines, Disaster
function, and operates independently from the Recovery Plan (DRP) Technical Guidelines, and Business
Operational Units, which are risk-taking units, as well as Impact Analysis (BIA) Technical Guidelines.
the Internal Audit Unit and the Compliance Unit.
Re-assessment of internal policies has also been
The Risk & ESG Management Unit and the Operational conducted to align with the most current provisions from
& Digital Risk Management Unit at Company are relevant regulators, i.e. by conducting gap analysis and
each led by a Division Head who reports directly accommodating best practices commonly applied in
to the Director of Risk Management. The Risk & ESG the banking industry in order to improve the quality of the
Management Unit comprises the Market & Liquidity application of risk management. The Risk management
Risk Management Department, Credit Portfolio Risk information system at the initial phases was focused on
Management Department, Integrated Risk Management the collection and improvement of risk database quality
Department, ESG Department, and Model Validation. to allow gradual development and application into the
Meanwhile, The Operational & Digital Risk Management risk management information system, thus allowing
Unit includes the Fraud Risk Management Department, integrated risk measurement and risk monitoring as well
Digital Risk Management Department, Operational as timely presentation.
Risk Management Department, Regional Operational
Risk Control Department, and Operational Risk Control
Department. Compliance Function
Risk Management Policies and Procedures The banking industry is growing increasingly complex
along with the growth of global information technology
The Company has had management policies in risk and integration of the financial market. With intense
management, which are Risk Management General business competition among banks, this comes as
Policy (KUMR), which contains the minimum provisions a particular challenge that the Company needs to
required by the Regulation of Bank Indonesia/Financial address. As such, it is necessary to enforce the principle
Services Authority. of carefulness and take measures to mitigate risks
associated with the Bank’s business activities, both
These risk management guidelines are further preventive (ex-ante) and curative (ex-post) measures.
complemented by internal policies, including but Ex-ante measures may be taken by complying with
not limited to Guidelines for Risk Profile Assessment the applicable banking principles in order to reduce or
Reporting and Evaluation, Guidelines for Company minimize risks in the Company’s business activities.
Soundness Level Reporting and Assessment, and Risk
Model Validation Procedures. They also encompass The Company consistently implements the Compliance
Guidelines for Risk Data Collection for the Operational Function, which is a series of preventive (ex-ante)
Risk Management Information System (ORMIS), actions or steps. These efforts are carried out to realize
Guidelines for Liquidity Risk Measurement Processes, the implementation of a Compliance Culture at all levels
Guidelines for Liquidity Coverage Ratio (LCR) Calculation of the Company's organization and business activities;
and Reporting, Guidelines for the Calculation of Credit manage Compliance Risks faced by the Company;
Risk Risk-Weighted Assets (RWA). Guidelines for ensure that the policies, provisions, systems, and
Market Risk Measurement Processes, Interest Rate procedures as well as business activities carried out
Risk Management in the Banking Book, Guidelines for by the Company are in accordance with the provisions
Stress Testing Implementation, Risk Model Validation of the Financial Services Authority and the provisions
Procedures, Liquidity Monitoring Guidelines, aRisk & of laws and regulations, including Sharia Principles
Control Self-Assessment (RCSA) Procedures, Guidelines for Sharia Commercial Banks and Sharia business
for Recovery Plan Implementation, Internal Credit Rating units; and ensure the Company's compliance with the
(ICR) Process Guidelines, Credit Scoring Model (CSM) commitments made by the Company to the Financial
Implementation Guidelines, Credit Authority Limits Services Authority and/or other authorized supervisory
for Commercial and Consumer Loans, Guidelines for authorities.
2025 Annual Report 891
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08 Corporate Governance
Organizational Structure
General Meeting of
Shareholders
Board of
Commissioners
Director of
Human Capital &
Compliance
Compliance & Compliance &
Governance Governance (CMGD)
Secretary
AML/CFT CPF
Head
Compliance Compliance Compliance AML/CFT CPF AML/CFT CPF
Credit Corporate
Data Privacy Regulatory Analysis & Strategy & Transaction &
Consulting Governance
Management Advisory Advisory Analysis
Compliance Compliance Governance Suspicious
Data Privacy Support - Strategic &
Regulatory and Advisory & Transaction &
Analyst Structure Policy Development
Strategic Counterparty Investigation
Business
Regional Governance Transaction
IT Compliance Aligment
Compliance Process Analyst
& Advisory
Compliance
Governance Regional AML/
Monitoring and
Analyst CFT CPF
Perfomance
MIS
AML/CFT CPF
Transaction
Reporting 1
The organizational structure for compliance function 3. Director of Compliance is a member of the Board of
implementation is determined based on Technical Directors who has been authorized by the Financial
Guidelines No. PT.3-A.6, regarding the Organizational Services Authority to lead the Compliance Function
Structure of the Head Office, Regional Offices, Branch and Compliance Task Force at the Company, and is
Offices and adjustments to the organizational structure responsible for formulating strategies to encourage
has referred to OJK Regulation No. 46/POJK.03/2017, the realization of compliance culture across the Bank
dated July 12, 2017, regarding the Implementation and is also responsible for the performance of duties
of Compliance Functions in Commercial Banks. The in order to ensure that the Company’s Compliance
structure, further defined in the company’s internal Function operates properly; and
policies, consists of: 4. Compliance and Governance Division is a Work Unit
1. Board of Commissioners is responsible for actively at the Head Office that serves as the Compliance
supervising the implementation of the Company’s Task Force for the Company and is responsible for
Compliance Function; implementing Compliance Function duties across
2. Board of Directors is responsible for fostering and the Company.
realizing the implementation of compliance culture
across all organizational levels and business
activities in the Company, as well as ensuring the
implementation of compliance function at the
Company;
892 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Lead Director of Compliance Function Duties and Responsibilities of Lead Director
of Compliance Function
The Director responsible for the Company’s Compliance
function is the Director of Human Capital and Compliance. The duties and responsibilities of the Compliance
The appointment, dismissal, and/or resignation of the Director in carrying out the Compliance function include
Director responsible for the Company’s Compliance the following:
Function is regulated and implemented as follows: 1. Formulate strategies to encourage compliance
1. Appointment, dismissal, and/or resignation of the culture.
Lead Director of Compliance Function is specified 2. Propose compliance policies or compliance
in reference to the provisions for an appointment, principles to be stipulated by the Board of Directors.
dismissal, and/ or resignation of the member of the 3. Stipulate compliance system and procedures to
Board of Directors as specified in Bank Indonesia’s be implemented to develop the Bank’s internal
regulations applicable to public banks, and should provisions and guidelines.
pass a fit and proper test in accordance with the 4. Ensure that all policies, provisions, systems,
applicable provisions of the Financial Services procedures, and business activities operated by
Authority. the Bank comply with the provisions of the Financial
2. In the event the Director of Compliance is temporarily Services Authority, Bank Indonesia, and other
unable to perform his/her assigned duties, the applicable laws and regulations, including Sharia
performance of such duties shall be temporarily principles.
delegated to other Director(s) up to the Lead Director 5. Manage and minimize compliance risks.
of Compliance resuming his/her normal duties. 6. Take preventive measures so that policies and/or
3. In the event the Lead Director of Compliance decisions made by the Company’s Board of Directors
Function resigns or concludes his/her tenure, do not deviate from the provisions of the Financial
the Company shall immediately appoint a new Services Authority, Bank Indonesia, and applicable
Lead Director of Compliance Function. During the laws and regulations, including by providing a
vacant period, another Director shall be appointed dissenting opinion in the event of policies and/ or
temporarily handle the duties of the Lead Director of decisions deviating from the provisions of Financial
the Compliance Function. Services Authority, Bank Indonesia, and applicable
4. In order to satisfy independence requirements, laws and regulations.
the Director who serves as the Lead Director of the 7. Perform other duties related to Compliance
Compliance Function should not have a double Function, including monitoring and maintaining
role as President Director and/ or other directorial the Company’s compliance with the commitment
positions that may impair his/her independence. that the Company has made to Financial Services
5. Any replacement of the position of Lead Director of Authority, Bank Indonesia, and other relevant
Compliance Function shall always be reported to the supervisory authorities.
Financial Services Authority. 8. Ensure that the Company’s Compliance Task Force
performs effectively in executing Compliance
The 2021 GMS held on March 10, 2021, appointed Eko Function duties
Waluyo as the Director of Compliance and Legal 9. Coordinate with Sharia Supervisory Board regarding
Affairs in accordance with OJK Circular Letter No. 39/ the implementation of the Compliance Function of
SEOJK.03/2016 dated September 13, 2016, on Capability the Sharia Business Unit in accordance with Sharia
and Fitness Assessment for Candidates for Controlling principles.
Shareholders, Candidates for Members of Board of 10. Act as a coordinator for the stipulation of Compliance
Directors and Candidates for Members of Board of Function to all business units to achieve good
Commissioners of Banks, Director of Compliance may corporate governance.
begin executing Compliance Function duties upon
approval from OJK. Mr. Eko Waluyo has passed the Fit
and Proper Test for Director of Compliance and has
received formal approval from OJK on August 09, 2021.
2025 Annual Report 893
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08 Corporate Governance
Compliance Task Force July 12, 2017, on Implementation of Compliance Function
for Public Banks. Appointment and/or dismissal of the
The role of the Company’s Compliance Unit, as regulated Head of Compliance and Governance Division shall
under OJK Regulation No. 46/POJK.03/2017, concerning always be reported to the Financial Services Authority
the Implementation of Compliance Functions in in accordance with the criteria specified in compliance
Commercial Banks, is carried out by the Compliance related to internal policies, as follows
and Governance Division. This is further detailed in 1. Satisfying independence requirements as set out in
Technical Guidelines No. PT.3-A.6 dated September the provisions of the Financial Services Authority.
14, 2023, regarding the Organizational Structure of the 2. Possessing a deep understanding of the provisions
Head Office, Regional Offices, and Branch Offices, as of the Financial Services Authority, Bank Indonesia,
well as the structural changes based on the Steering and other applicable laws and regulations.
Committee Transformation meeting held on February 3. Not performing other duties beyond Compliance
18, 2025 regarding Changes to the Compliance and Function.
Governance Division (CMGD) Organization under the 4. Highly committed to implementing and fostering a
coordination of the Director overseeing the Compliance compliance culture.
Function, ensuring its independence from business and
operational units, risk management units involved in
decision-making for the Company’s business activities, Profile Of Head of Compliance Task Force
treasury units, finance and accounting units, logistics
and procurement units, and information technology The Company’s Board of Directors appointed Harman
management units. Soesanto as Head of the Company’s Compliance
Business Unit effective March 10, 2025, pursuant to Board
The Compliance and Governance Division is led by a of Directors Decree No. 03 dated February 18, 2025. The
Division Head who has satisfied the specified criteria appointment of Hasta Nugraha Utomo as Head of the
as the head of Compliance Function Task Force, as Company’s Business Unit has been reported to the
specified in OJK Regulation No. 46/POJK.03/2017 dated Financial Services Authority.
Hasta Nugraha Utomo
Compliance & Governance Division Head
Indonesian Citizen,
54 years old as of December 2025
domiciled in Jakarta
Educational Background Work Experience
Master of Economics/Financial Management from Gadjah Mada • Compliance and Governance Division Head 2025 – present
University and University of Kentucky • Corporate Strategy & Planning Division Head 2024-2025
• Financial Institution & Capital Market Division Head 2021-2024
Certification
Banking Risk Management Certification Level 4 Legal Basis of Appointment
Board of Directors’ Decree based on Talent Committee Minutes
No. 03 dated February 18, 2025. Appointment of Hasta Nugraha
Utomo as Head of the Compliance Business Unit.
Term of Office
2025-present
Concurrent Positions
No concurrent positions
894 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Duties and Responsibilities of Compliance 6. Perform other duties related to Compliance Function,
Function including:
a. Ensure the Company’s compliance with the
The duties and responsibilities of the Compliance and commitment made to the Financial Services
Governance Division in executing compliance function Authority and/or other relevant supervisory
is as follows: authorities.
1. Develop measures to encourage the realization of b. Conduct socialization for all employees regarding
compliance culture across all business units in the matters related to Compliance Function,
Company and across all organizational levels. particularly in terms of applicable regulations
2. Coordinate with other units in performing from relevant regulators.
identification, measurement, monitoring, and c. Act as a contact person for compliance issues for
control of compliance risks in reference to the both internal and external parties.
provisions of the Financial Services Authority on d. Ensuring that business processes in the
the Implementation of Risk Management for Public Compliance Business Unit comply with ISO
Banks. 9001:2015 certification standards.
3. Assess and evaluate the effectiveness, adequacy, e. Implementing ISO 37301:2021 on Compliance
and conformance of policies, provisions, systems, Management Systems.
or procedures implemented in the Bank to the f. Ensure the implementation and results of
applicable laws and regulations. selfassessment of corporate governance based
4. Review and/or provide recommendations on update on regulations of OJK in the Holding entity,
and refinement of policies, provisions, systems, Subsidiary, the Sharia Business Unit in Bank BTN
or procedures implemented in the Company to to ensure the Company’s quality process.
maintain conformance to the provisions of the g. Ensure the assessment of good corporate
Financial Services Authority, Bank Indonesia, and governance implementation by third parties/
other applicable laws and regulations, including independents in terms of achieving the
sharia principles. Company’s goal.
5. Take necessary measures to ensure that all policies, h. Ensure Operational and Reporting Management
provisions, systems, procedures, and business related to the Implementation of AML and CFT in
activities operated by the Bank comply with the the Central Office.
provisions of the Financial Services Authority, Bank i. Ensuring that data privacy implementation
Indonesia, and other applicable laws and regulations. is carried out in accordance with laws and
regulations.
Compliance Function’s Competencies Development
Number of
Types of Training and Education
Participants
Classroom / Virtual Classroom
Legal and Procedural Aspects of Bankruptcy & PKPU: Identifying the Impact of Bankruptcy on Debtors
and Customers 1
Technical Guidance for Anti-Corruption Counselors 1
BTN Leadership Forum 2
State-Owned Enterprise (SOE) School of Excellence 1
Cash Management to Increase Third-Party Funds (Bale Korpora) 1
Collection Academy Intermediate 1
Communication Skills with a Neuro-Linguistic Program (NLP) Approach 7
Certified Indonesia Data Protection Officer (CIP DPO) Certification 2
Data Analytics and Visualization with Tableau 3
2025 Annual Report 895
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08 Corporate Governance
Number of
Types of Training and Education
Participants
Expert Sharing Session on Value Creation: Winning the Market with Digital Leadership and Customer Centricity 2
Expert Talk Session 12
IFRS1 and IFRS2 1
Integrated Collection Excellence 2025 for Staff 1
Internal Control Over Financial Reporting (ICOFR) 2
ISO 37301:2021 Compliance Management System 14
IT Business Process Re-Engineering 1
Team Building Activities (Outbound) 2025 45
Internalization of New AML-CFT Application System 3
Market & Liquidity Risk Management 2
Preparing Technical Specifications for the Terms of Reference and Own Estimated Price (HPS) 1
Microsoft Excel for Professionals: Dashboard and Visualization 2
Provision and Education for Business Control Organs to Socialize the New Top 10 Risks 1
Provision for Risk Management Certification Level 4 6
Preparation of RACI (Responsible, Accountable, Consulted, Informed) Matrix for Internal Regulations 2
Personal Data Protection 2
PowerPoint Presentation Skill-Slide Design and Data Storytelling Using PowerPoint 1
Project Management - Managing Project Like a Pro 4
Refreshment of AML, CFT, and PFWMD 2025 through PPATK E-Learning 25
Refreshment of SME, Commercial, and Subrogation Credit Management Provisions or Policies 1
Refreshment of AML, CFT & PPPSPM Program Implementation 30
Refreshment of KKNI Risk Management Certification Level 4 Through E-Learning Methods 11
Refreshment of Risk Management Certification Qualification Level 5 Through E-Learning Methods 15
Risk Appetite and Risk Culture "The Main Pillar in Strengthening Risk Management in the Financial Sector" 1
SCORE Collection 1
Secretary Excellence Program: Building Interpersonal Skills for Secretaries 1
FKDKP Seminar on "Together Eradicating Online Gambling Practices for a Better Indonesia" 3
Certification of AML, CFT, and PFWMD 20
Risk Management Certification Level 4 1
Single Relationship Management Corporate 1
Socialization and Implementation of the Report Monitoring System (S|MOLA) for the Implementation of AML,
CFT, and PFWMD Programs 1
Socialization of OJK Regulation 12 on the Implementation of Anti-Fraud Strategies 3
Supervisor Development Program (SDP) 3
AlphaBITS Next Generation (ABNG) Training of Trainers (ToT) – IRSHAD 1
Venture Capital 101 4
896 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Number of
Types of Training and Education
Participants
Webinar Customer Experience: Strategies for Success in Digital Era 4
FHCI Webinar from Learning to Strategy "Creating a Superior Corporate University" 1
OJK Webinar: Book Review of "Segitiga Berkeluarga" 1
OJK Webinar: Geopolitical Dynamics and National Resilience: Strategies to Strengthen the Indonesian
Economy 1
OJK Webinar "The Role of the Financial Services Industry in Supporting the National Strategic Project: Building
3 Million Houses" 3
OJK Webinar on Risk & Governance Summit (RGS) 2025 2
OJK Webinar - Book Review "Diorama Keuangan Berkelanjutan Indonesia" 1
OJK Webinar - Digital Transformation: Technological Innovation Trends in the Financial Sector 4
BTN Business Competition Compliance Program Webinar 5
BTN Group Risk Management Workshop 3
Cash Waqf Linked Deposit (CWLD) Close-Loop Product Development Workshop with Financing 3
BTN Srikandi Workshop 2
Refreshment of AML, CFT, and PFWMD Program Implementation 29
AML, CFT, and PFWMD Training 24
AML, CFT, and PFWMD Certification Briefing 18
AML, CFT, and PFWMD Certification 16
Self Learning
(Action Oriented - Lv 2) Problem Solving Across an Organization 1
(Action Oriented - Lv 5) Advanced Lead Generation 1
(Aligning Perf for Success - Lv 1) Why Trust Matters with Rachel Botsman (with Audio Descriptions) 34
(Aligning Perf for Success - Lv 3) Building High-Performance Teams 1
(Aligning Perf for Success - Lv 4) Setting Team and Employee Goals Using SMART Methodology 30
(Aligning Perf for Success - Lv 5) Managing for Results 1
(Artificial Intelligence Literacy - Knowledgeable) Introduction to Artificial Intelligence 3
(Building Business Partnership - Lv 2) Negotiation Skills 3
(Building Business Partnership - Lv 3) Building Trust 36
(Business Acumen - Lv 1) Introduction to Business Analytics 1
(Business Acumen - Lv 4) Developing Business Acumen 1
(Business Value Chain - Knowledgeable/Payroll Business - Knowledgeable) Foundations of Business Banking 3
(Collection Processing - Practitioner) Types of Credit Settlement & Asset Sales Strategy 1
(Collection Processing - Practitioner) Mortgage Auction 1
(Credit Risk Management - Practitioner) Fundamental of? Risk Management? 1
(Customer Experience - Advance) Customer Experience Strategy: Build a Customer-Centric Culture 3
(Customer Experience - Knowledgeable) The 10 Pillars of Customer Experience 2
(Customer Focus - Lv 1) Talking to Customers 3
(Customer Focus - Lv 1/Complaint Handling? - Knowledgeable) Customer Service Foundations 2
2025 Annual Report 897
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08 Corporate Governance
Number of
Types of Training and Education
Participants
(Customer Focus - Lv 3) Service Excellence: How to Exceed Expectations Every Time 3
(Customer Focus - Lv 4) Customer Experience: Creating Customer Personas 1
(Customer Focus - Lv 4/Complaint Handling- Expert) Using Customer Surveys to Improve Service 1
(Customer Relation & Network - Practitioner) Effective Collaboration across Teams 1
(Decision Quality - Lv 2) How to Decide: Simple Tools for Making Better Choices 1
(Decision Quality - Lv 5) Critical Thinking for Better Judgment and Decision-Making 30
(Developing People - Lv 3) Future Leader - Creative Leadership for Gen Z 34
(Developing People - Lv 3) Situational Leadership 1
(Developing People - Lv 5) Lead with Positive Power 1
(Digital Literacy - Lv 1) Working with Computers and Devices 1
(Digital Literacy - Lv 2) Getting Started with Microsoft 365 1
(Digital Literacy - Lv 3) Business Presentation Skill 1
(Digital Literacy - Lv 3) Digital Mindset 1
(Digital Literacy - Lv 3) Digital Transformation 1
(Digital Literacy - Lv 3) Optimizing Your Work with Microsoft 365 1
(Digital Literacy - Lv 3) Working and Collaborating Online 1
(Digital Literacy - Lv 4) Microsoft 365: Choose the Right Tool for the Job 1
(Digital Literacy - Lv 5) Vivek Wadhwa on Technology and Doing What Is Right 1
(Digital Product & Services Management - Expert) Digital Strategy 1
(Digital Product & Services Management - Expert) Leading with Innovation in the Age of AI 2
(Digital Product & Services Management - Expert) Digital Strategy 1
(Digital Product & Services Management - Expert) Leading with Innovation in the Age of AI 32
(Digital Product & Services Management - Practitioner) Digital Transformation Foundations 3
(Driving Execution - Lv 1) Problem-Solving Techniques 4
(Driving Execution - Lv 2) Anatomy of a Breakthrough: How to Get Unstuck (Book Bite) 3
(Driving Execution - Lv 4) Strategic Agility 31
(Driving Execution - Lv 4/Business Value Chain - Practitioner) Measuring Team Performance 1
(Driving Execution - Lv 5) Building Resilience as a Leader 1
(Effective Collaboration - Level 4) Building High-Performance Teams 1
(Effective Collaboration - Lv 2) Communication Skill 1
(Effective Collaboration - Lv 5) Communicating with Transparency 1
(Effective Collaboration - Lv 5) Creating a Culture of Collaboration 1
(Effective Collaboration - Lv 5) Creating a High Performance Culture 1
(Enterprise Risk Management - Knowledgeable) Be The ESG Champion? 1
(Financial Report Analysis- Practitioner) Analisa Laporan Keuangan - WCRD 1
(Innovation & Creativity - Lv 1/Business Value Chain - Practitioner) Process Improvement Foundations 1
(Innovation & Creativity - Lv 1/Business Value Chain - Practitioner) Process Improvement Foundations 3
898 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Number of
Types of Training and Education
Participants
(Innovation & Creativity - Lv 2) Improving Your Thinking 1
(Innovation & Creativity - Lv 3) Creative Thinking & Innovation 1
(Innovation & Creativity - Lv 3) Creative Innovator 1
(Innovation & Creativity - Lv 4) Developing a Competitive Strategy 1
(Innovation & Creativity - Lv 4) Executing on Innovation: A Process That Scales 1
(Innovation & Creativity - Lv 4) Innovation & Agility 1
(Innovation & Creativity - Lv 5) Building Creative Organizations 1
(Innovation & Creativity - Lv 5) Creating a Culture of Change 3
(IT & Digital Change Management - Knowledgeable) Project Management Foundations 1
(IT Architecture - Knowledgeable) Introduction to IT Architecture 31
(Job Motivation - Lv 2) Making Big Goals Achievable 32
(Job Motivation - Lv 4) Building Accountability into Your Culture 1
(Job Motivation - Lv 4) Building Personal Integrity 1
(Job Motivation - Lv 5) Creating a High-Performance Culture 1
(Job Motivation - Lv 5) Develop a High-Performance Mindset 1
(Loan Analysis - Knowledgeable) A Guide to Understanding Financial Statements 3
(Market & Liquidity Risk Management - Knowledgeable/Credit Risk Management - Knowledgeable)
Introduction to Risk Management 5
(Marketing Communication - Practitioner/Marketing Management - Knowledgeable) Digital Marketing
Foundations (2022) 3
(Plans & Aligns - Level 4) Managing Resources Across Project Teams 1
(Product Knowledge - Practitioner) KMK PROPERTY BTN? 1
(Project Management - Knowledgeable) Project Management Simplified 5
(Selling Skill - Knowledgeable) Sales Fundamentals 3
(Selling Skill - Practitioner) Sales Strategy: Building Relationships to Successfully Sell 5
(Selling Skill - Practitioner)Business Planning & Strategy for Priority Banking 1
(Strategic Orientation - Lv 2 / Marketing Communication - Knowledgeable) Creating a Communications
Strategy 2
(Strategic Orientation - Lv 2/Transaction Banking Product Knowledge & Process - Expert) Strategic Thinking 1
(Strategic Orientation - Lv 4) Developing a Competitive Strategy 1
(Strategic Orientation - Lv 5/Asset Recovery & Sales - Expert) Business Development: Strategic Planning 1
(Visionary Leadership - Lv 3) Creating a Culture That Inspires Your Employees 3
(Visionary Leadership - Lv 3) Strategic Thinking Tips to Solve Problems and Innovate 38
(Visionary Leadership - Lv 5) Executive Leadership 1
Evaluation of AML, CFT, and PFWMD Training 2025 3
SECURITY AWARENESS & USER MANAGEMENT - FORDIGI 2024 1
Self Learning for AI Roleplaying 2
Self-Learning on the Internalization of MSME Product Knowledge 18
2025 Annual Report 899
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08 Corporate Governance
Number of
Types of Training and Education
Participants
Self-Learning on ESG Socialization 1
Self-Learning on Cash Management System (CMS) Internalization Program 31
Self-learning BTN Properti for Developer (Digital Mortgage Product) 4
Self-Learning on Compliance Excellence August 2025 Edition - Data Privacy Excellence 55
Self-Learning on Compliance Excellence April 2025 Edition - Employee Disciplinary Sanctions 54
Self-Learning on Compliance Excellence December 2025 Edition - Consumer Collection 55
Self-Learning Compliance on Excellence February 2025 Edition - Know Your Employee 54
Self-Learning on Compliance Excellence January 2025 Edition - Anti-Fraud Strategy (SAF) 51
Self-Learning on Compliance Excellence July 2025 Edition - Healthy Business Competition Compliance
Procedures 54
Self-learning Compliance Excellence June 2025 Edition - Conflict of Interest (COI) Management 53
Self-learning on Compliance Excellence March 2025 Edition - Gratuity Control and ISO 37001:2016 ABMS
Policy 50
Self-learning on Compliance Excellence May 2025 Edition - Understanding Cash Transactions and Their
Handling in the Implementation of the APUPPT and PPPSPM Programs 54
Self-learning on Compliance Excellence November 2024 Edition 1
Self-learning on Compliance Excellence November 2025 Edition - Dormant Account Activation Control 55
Self-learning on Compliance Excellence October 2025 Edition - Credit Document Management 55
Self-learning on Compliance Excellence September 2025 Edition - Environmental, Social, and Governance
(ESG) Implementation Procedures 55
Self-learning Internalization on Bank BTN's Respectful Workplace Policy (RWP) 2025 51
Self-learning Internalization on Security Awareness Period August 2025 48
Self-learning on Professional Services 4
Self-learning on Leader as Coach 3
Self-learning on Legal Awareness for Bankruptcy PKPU 8
Self-learning on Sahabat Transformasi Podcast - BTN Digital Store: Empowering Your Digital Journey 25
Self-learning Refreshment on Bale Community 2
Self-learning Refreshment on Bale Developer 3
Self-learning Refreshment on Bale Properti 2
Self-learning Refreshment on BTN Smart Residence Back Office Admin Management 29
Self-learning Refreshment on Digital Mortgage Product - Agent Features 3
Self-learning Refreshment on Funding Contracts (Third-Party Funds) 1
Self-learning on Security Awareness - Period May 2025 34
Self-learning on Socialization of BTN Prospera - Retail Funding Division – 2025 33
Self-learning on Socialization of Cyber Threat & Digital Risk Awareness 28
Self-learning on Socialization of Digital Mortgage Home Service 1
Self-learning on Socialization of ESG Awareness for GHG Emission Calculation 23
Self-learning on Socialization of Corporate Identity 33
Self-learning on Socialization of BTN Competency Dictionary 2025 43
900 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Number of
Types of Training and Education
Participants
Self-learning on Socialization of Internal Control Over Financial Reporting (ICOFR) Technical Instructions 39
Self-learning on Socialization of Home Collateral Loan (KAR) Products 24
Self-learning on Socialization of Housing Program Loan (KPP) Products 30
Self-learning on Socialization of Risk Appetite & Risk Tolerance 2025 44
Self-learning on Socialization of Security Awareness February 2025 34
Self-learning on Socialization of Good Corporate Governance 3
Socialization of Bale Agent April 2025 30
Socialization of BTN's New Vision and Mission and Initiatives Strategic Plan for the 2025-2029 Long-Term
Development Plan 51
Survey on the Corporate Action Plan for the Spin-Off of BTN's Sharia Business Unit 1
Refreshment of AML, CFT, and PFWMD through PPATK E-Learning 24
Total Training and Education Participants 2,061
Work Program and Implementation Procedures (SOP), improve supervisory
of Compliance Function Duties capabilities of superiors, and serve as one of
the fraud prevention efforts. Furthermore, in
Referring to OJK Regulation No. 46/POJK.03/2017 order to ensure that Employees possess an
dated July 12, 2017, concerning the Implementation understanding of Internal Company Regulations,
of Compliance Functions in Commercial Banks, the a Regulation Understanding Test program
compliance function is a series of ex-ante (preventive) was conducted, which was mandatory for all
actions or steps to ensure that policies, regulations, Employees at Branch Offices, Regional Offices,
systems, and procedures, as well as business activities and Divisions, and was conducted periodically as
conducted by Company, comply with OJK regulations, part of the evaluation of policy effectiveness and
banking regulators, and applicable laws, including sharia Employee competency improvement.
principles for UUS. It also ensures BTN’s compliance with b) Compliance Index
commitments made to the OJK, Bank Indonesia (BI), The Company implemented a Compliance Index
the Financial Transaction Reports and Analysis Center as one of its management strategies to foster
(PPATK), and/or other relevant supervisory authorities. Company’s Compliance Culture by identifying,
1. Implementation of Compliance Culture measuring, monitoring, and controlling the level
All Employees are required and responsible for of compliance at the Division, Regional Office,
realizing the implementation of a compliance culture Branch Office, and Sharia Branch Office levels.
to enhance awareness of compliance in carrying This also enables the Company to identify
out their duties and activities within their respective areas requiring improvement and enhance
business units. Company has formulated strategies compliance throughout the organization.
to encourage the establishment of a compliance
culture at all organizational levels and across Through the implementation of the Compliance
the Bank’s business activities in a consistent and Index, the Company measures, monitors, and
sustainable manner through the following activities: controls the compliance level of business units and
a) Implementation of Internalization and Testing of promotes the implementation of a Compliance
Understanding of Company Internal Regulations Culture within each business unitthrough the
Company implemented an Internalization of following parameters: a. Regulatory Sanctions,
Internal Regulations work program carried out b. Fraud Reports, c. Corporate Culture Score,
by all Branch Offices and Sharia Branch Offices, d. Compliance Excellence Score, e. Overdue
covering General Policies, Specific Policies, and/ Outstanding Audit Findings and f. Percentage
or Technical Guidelines. This program was of Completion of Branch Business Control (BBC)
intended to increase Employees’ understanding Reports. Each parameter is assigned a weight
of the Company’s applicable internal provisions, in accordance with the Company’s level of
enhance understanding of Standard Operating importance and is evaluated periodically.
2025 Annual Report 901
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08 Corporate Governance
c) Branch Visit Implementation related to the implementation of the compliance
The purpose of branch visits is to ensure that the function and gratuity control, collaboration
implementation of the Compliance Culture, the with RBC/BBC in enhancing compliance control
implementation of APU PPT and PPPSPM programs, related to internal control, and optimizing the
gratuity control, and Personal Data Protection at utilization of the Compliance Dashboard.
Branch Offices and Sharia Branch Offices are well e) Compliance Excellence
understood and properly implemented, as well as Compliance Excellence is the Company’s
to obtain feedback and necessary information to strategy to conduct refreshment and/or
evaluate the implementation of such programs internalization of regulations to all Employees
in the future. Branch visits are conducted by and to measure the role of superiors as role
taking into account the compliance risk level models, so that all Employees have the same
(compliance risk-based) of each branch office understanding and interpretation of internal
and sharia branch office. regulations, and to serve as one of the strategies
d) Optimization of the Active Role of Regional to address several causes of non-compliance.
Compliance Officers (RCO) Compliance Excellence materials are based
The Company is committed to optimizing the role on significant audit findings, operational risk
and active involvement of Regional Compliance findings from RBC and BBC, new regulations from
Officers (RCO), who act as the Second Line of Regulators, new Internal Company Regulations,
Defense at Regional Offices in building and and the imposition of disciplinary sanctions.
monitoring compliance risk controls within their
respective regions through the internalization of Throughout 2025, Compliance Excellence
the Compliance Index at branch offices/sharia programs were implemented and attended by
branch offices, internalization of provisions all Employees as follows:
No Month Material
1 January Anti Fraud Awareness
2 February Know Your Employee
3 March Gratuity Control Program and SMAP ISO 37001:2016 Policy
4 April Employee Disciplinary Sanctions
5 May Identification of Cash Transactions and Their Handling in the Implementation of AML, CFT, and CPF
6 June Conflict of Interest Management
7 July Fair Business Competition Compliance Procedures
8 August Data Privacy Excellence
9 September Procedures for the Implementation of Environmental, Social, and Governance (ESG)
10 October Credit Document Management
11 November Dormant Account Activation Control
12 December Consumer Collection
f) Compliance Broadcast
Compliance Broadcast is an initiative to foster and establish a compliance culture at all levels of the
organization and the Company’s business activities while enhancing the internalization and literacy of external
regulations among all employees. The content delivered includes External Regulations and posters containing
compliance messages. The purpose of this program is to internalize new regulations to all Employees and
improve compliance literacy.
2. Management of Company Compliance Risk
The management of compliance risk is carried out continuously to strengthen the compliance culture in all
business activities and organizational levels of the Company while mitigating the Company’s Compliance Risk.
902 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
a) Compliance Risks Faced compliance risk by requesting confirmation
One of the impacts of compliance risk exposure and verification of parameter data, thereby
is the possibility of sanctions such as fines and encouraging related business units to
written warnings from regulators, including establish preventive measures to minimize
the Financial Services Authority (OJK), Bank operational and compliance risks and
Indonesia (BI), the Financial Transaction Reports mitigate violations of established regulations.
and Analysis Center (PPATK), and/or other 3. The Company Compliance with Regulatory
relevant regulators. Provisions and Other Laws
b) Compliance Risk Mitigation Efforts The Company has taken preventive measures to
1) The Compliance Business Unit coordinated ensure that all business and operational processes
with the Operational and Digital Risk comply with legal provisions, prevent compliance
Management Business Unit in identifying, risks, and support sound and sustainable business
measuring, monitoring, and controlling growth. The Company has established internal
compliance risk in accordance with OJK regulations and standard operating procedures
regulations regarding risk management for all employees to foster a Compliance Culture,
implementation for Commercial Banks. ensuring that business activities align with applicable
Monitoring of compliance risk was conducted regulations and adhere to prudential principles.
periodically and reported in the Company’s a) Internalization of New Regulatory Provisions
quarterly Risk Profile Report. The Company has internalized the latest
2) Reminders of reporting obligations were regulations issued by regulators throughout 2024
delivered through email notifications and through internal memos and email broadcasts to
WhatsApp to the respective PICs and Division all work units and employees, ensuring that every
Owner Officers prior to reporting due dates. new regulation is understood and complied
3) Reminders were delivered through with. This initiative ensures that each work unit
email notifications and WhatsApp to adheres to newly issued regulatory provisions
proposing Divisions for New Bank Product and confirms that all business and operational
Implementation and New Activities for the activities are conducted in compliance with laws
Bank’s Interest, as well as Activities as an and regulations. These regulatory provisions
Information Technology Service Provider are uploaded to the Compliance Regulatory
and/or issuance of Electronic Banking Service Management System (CRMS) as a reference and
Products, regarding the obligation to submit regulatory database accessible to employees.
realization reports of new Bank product b) Internal Guidelines Evaluation
development to the Regulator. The Company conducted evaluations of internal
4) The Compliance Business Unit coordinated guidelines through a review process based on
with the Reporting Responsible Business three (3) pillars, namely the Compliance Business
Unit, Data Support Business Unit, and Data Unit, the Risk Management Business Unit, the
Owner Business Unit to minimize potential Operational and Digital Risk Management
compliance risks such as system/technology Business Unit, and the Legal Business Unit, on
errors, data and/or reporting input errors, internal provisions consisting of General Policies,
delays and/or failure to submit reports. Specific Policies, and Technical Guidelines
5) The Company continuously developed periodically in accordance with the Company’s
the Compliance Dashboard to enhance needs and in response to any amendments/
compliance by adding parameters and updates to prevailing laws and regulations
increasing its utility. The parameters as stipulated in new regulations issued by the
developed focus on those potentially Regulators affecting the Company’s business
generating compliance risk, namely risks processes and operations, and requested the
arising from non-compliance and/or failure policy owner and managing Divisions to make
to implement prevailing laws and regulations. adjustments to existing internal policies and
Gradually, the Bank optimized the use of procedures.
the Compliance Dashboard to mitigate
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08 Corporate Governance
c) Compliance Review and Opinion on Business governance, the Company appointed a Data
and Operational Activities Protection Officer (DPO) to ensure that personal
In order to ensure that all internal policies, data management was carried out in an
systems, and procedures of the Company accountable, coordinated, and sustainable
complied with prevailing laws and regulations, the manner, including monitoring compliance over
Compliance Business Unit provided compliance all personal data processing activities within the
reviews and opinions aimed at preventing Company.
deviations from prudential principles in both
business and operational activities with respect The Company ensured that every personal data
to proposed policies/resolutions of the Board processing activity was carried out based on a
of Directors, proposed changes to operational lawful and clear legal basis and applied personal
mechanisms, proposed issuance of products data protection principles in accordance
and/or new activities, as well as other matters with prevailing regulations. One form of
requiring the opinion of the Compliance Business implementation applied was the provision of a
Unit to ensure that all internal policies, systems, privacy notice that is clear, transparent, and easily
and procedures of the Company complied with understood by customers, as part of fulfilling
prevailing laws and regulations. customers’ rights as personal data subjects
d) Compliance in Office Network Expansion and the Bank’s commitment to transparency in
and New Company Product Implementation personal data processing.
The company, through the Compliance Unit,
oversees and monitors the completeness of g) Implementation of Compliance Function in the
document requirements through a compliance Sharia Business Unit (UUS)
checklist related to the plans for opening and The Company ensures Sharia Compliance in the
relocating office networks, as well as the Provision Islamic Business Unit (UUS) in coordination with
of New Bank Products (PPB). Additionally, the the Sharia Supervisory Board (DPS). The Director
Compliance Unit also serves as a liaison with the of Human Capital & Compliance, along with the
Regulator to consult on the Provision of New Bank Compliance Unit, collaborates with the Sharia
Products (PPB) and New Activities for the Bank’s Supervisory Board (DPS) through coordination
Interests (KuKB) in relation to obtaining permits meetings held at least once a year.
from the Financial Services Authority (OJK) and The Compliance Function at UUS ensures that
Bank Indonesia (BI). This implementation ensures internal compliance policies adhere not only to
that any issues faced by the Applicant Division conventional banking regulations but also to
can be promptly resolved and that the submitted Sharia principles. This guarantees that all UUS
licensing documents comply with the Regulator’s products and services fully comply with Sharia
provisions. guidelines.
e) Implementation of Compliance Function in Credit
Processes 4. The Company Compliance with Commitments to
The Company implements the Compliance Regulators
Function in commercial credit business a) The Company consistently strives to fulfill all
processes, including during the Pre-Credit commitments to OJK, BI, PPATK, and/or other
Committee Meeting (Pre-RKK) and Credit relevant authorities. To ensure compliance with
Committee Meeting (RKK) through Compliance the commitments required by regulators and
Credit Consulting. Additionally, compliance competent authorities, the Company, through
opinions/reviews are provided regarding the Compliance Unit, coordinates with relevant
fulfillment of requirements related to the Legal divisions to assign responsibilities for reporting
Lending Limit (BMPK), debtor and business obligations arising from new regulations issued by
legality, and the legality of financed projects the regulators. The Compliance Unit continuously
during the Pre-RKK and RKK meetings. monitors work units to ensure compliance with
f) Implementation of Law No. 27 of 2022 on Personal all required commitments. These commitments
Data Protection (UU PDP) may originate from OJK, BI, PPATK, and/or other
The Company implemented personal data relevant authorities, as well as mandatory
protection comprehensively through the reporting obligations as stipulated by the
establishment of personal data protection applicable regulatory provisions. The results of
policies referring to prevailing regulations, monitoring compliance with these commitments
including Law No. 27 of 2022, OJK regulations are regularly reported in the compliance report
on Consumer Protection, and BI regulations on to OJK and the President Director, with copies
Consumer Protection. As part of strengthening sent to the Board of Commissioners.
904 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
b) In implementing prudential banking principles, 1. Personal Data Protection Officer and Active
The Company monitors the level of compliance Management Oversight
with these principles to ensure that there are no The Company established the Data Privacy
violations and/or breaches in their application. Department, which serves as the personal data
Compliance is reflected in key banking ratios, protection officer under the Compliance Unit within
including the Minimum Capital Adequacy the Directorate of Human Capital, Compliance &
Requirement (KPMM), Legal Lending Limit (BMPK), Legal, and is actively supervised by the Board of
Minimum Reserve Requirement (GWM), and Net Directors through various internal forums. The Data
Open Position (PDN). Privacy Department plays a role in Developing
c) The Company consistently monitors its frameworks, and policies, and implementing personal
commitments to OJK, BI, PPATK, and/or other data protection programs. To ensure comprehensive
supervisory authorities regarding the resolution of implementation of personal data protection controls
commitments related to external audit findings. Bank-wide, the data Privacy Department regularly
This is done through the Internal Audit Unit (SKAI) coordinated with other relevant units, including:
and the Compliance Unit (SKK), which have been a. Information Technology Security unit, to ensure
and will continue to monitor relevant divisions the Security of Personal Data being processed,
to ensure timely follow-up and completion of reducing the risk of cyberattacks and personal
commitments related to overdue external audit data protection failures.
findings. The Company also ensures that all b. Information Technology Development Unit,
remaining findings are addressed promptly, to ensure compliance with the Personal Data
without waiting for their official due dates. Protection Law (UU PDP) in all BTN applications
d) The Company has monitored and taken followup and websites.
actions on requests for information and/ or data c. Data Management Unit, to ensure personal
from OJK and BI as part of the Bank Supervision data processing follows the principle of data
process. Through coordination with the minimization and implements data privacy by
relevant work units and while maintaining data design.
confidentiality principles, the Bank has responded d. Customer Service Unit, to ensure the fulfillment
to and provided all requested information and/ of personal data subject rights and to address
or data within the required deadlines set by OJK inquiries related to Personal Data.
and BI. e. Risk Management and Legal Unit, to ensure risk
mitigation for personal data processing carried
Implementation of Personal Data Protection out by The Company.
The Company recognizes that Personal Data Protection f. Business Unit, to ensure the implementation of
is a fundamental human right, as stated in the 1945 the Personal Data Protection Law (UU PDP) across
Constitution of the Republic of Indonesia and Law No. all BTN products and services.
27 of 2022 on Personal Data Protection. In conducting
all business processes, services, and activities 2. Building a Sustainable Culture of Personal Data
involving personal data, BTN is committed to fulfilling Protection at BTN
its obligations as a data controller and/ or data The Company actively implements awareness
processor in a trustworthy and responsible manner. The programs for all employees regarding personal data
Bank prioritizes the rights of Data Subjects to ensure protection, which include:
Company’s compliance with the applicable laws and a) Dissemination, Internalization, and Training: The
regulations. Company regularly conducts socialization and
training programs to build awareness about
personal data protection. These are delivered
through various media and are mandatory for
all BTN employees. Additionally, The Company
ensures the internalization of personal data
protection policies so they can be applied across
all business lines of the Company.
2025 Annual Report 905
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08 Corporate Governance
b) Workshop: BTN organizes workshops to Other Compliance Functions
implement personal data protection controls
under the established framework and applicable The Company also enhanced and expanded the
regulations. implementation of the compliance function in order to
c) Campaign: BTN runs campaigns on Personal mitigate compliance risk, operational risk, legal risk, and
Data Protection through its digital channels other risks arising from the failure to perform certain
to ensure that all customers are aware of the control activities, namely:
importance of Personal Data Protection. 1. Implementation of ISO 37001:2016 Anti-Bribery
Management System
3. Personal Data Protection Framework 2. Implementation of ISO 37301:2021 Compliance
and Implementation Management System
In carrying out personal data protection activities, the 3. Implementation of ISO 9001:2015 Quality Management
Company has established a framework aligned with System
applicable regulations and relevant best practices, 4. Implementation of the Compliance Business Unit’s
as outlined in the following policy documents: function in relation to Personal Data Protection (Data
• Personal Data Protection Policy. Privacy)
• Customer and Community Protection Policy. 5. Implementation of the Special Business Unit function
for AML, CFT, and CPF.
According to these policies, all Personal Data
Subjects (including customers, prospective
customers, employees, prospective employees, Anti-Money Laundering (AML),
third parties, and other individuals) interacting Counter-Terrorism Financing (CFT),
with The Company are required to complete and and Counter Proliferation Financing
provide consent for the processing of their Data. The (CPF) Program
Company also facilitates Personal Data Subjects
in exercising their rights, such as accessing and As part of the Company’s commitment to supporting
requesting corrections/updates to their Personal the national AML, CFT, and CPF regime and as an effort to
Data and withdrawing consent for the processing prevent and minimize the use of the Bank as a vehicle for
of Personal Data, provided it does not conflict with money laundering, terrorism financing, and proliferation
applicable regulations. financing of weapons of mass destruction, the Company
implemented AML, CFT, and CPF programs in customer
For the processing of personal data carried out due diligence activities in accordance with prevailing
by The Company or external parties, the Bank laws and regulations. To enhance the effectiveness of
implements control measures, including the AML, CFT, and CPF program implementation and to
provision of Records of Processing Activities (ROPA), comply with regulatory requirements, the Company
Data Protection Impact Assessments (DPIA), established a Special Business Unit for AML, CFT, and CPF
NonDisclosure Agreements (NDA), and cooperation at Head Office. In addition, the implementation of AML,
agreements that strongly protect and limit the CFT, and CPF programs at Regional Offices and Branch
processing of personal data of Data Subjects related Offices is the responsibility of each Regional Office Head
to The Company. and Branch Manager.
4. Transparency in Personal Data Management Organizational Structure in The
As a form of transparency to Data Subjects regarding Implementation of AML, CFT, and PFWMD
the types of personal data collected, the processing
duration, and the purposes of personal data The implementation of the AML and PPT program is
processing, The Company has published a privacy carried out by the Special Work Unit (UKK) AML, CFT, and
policy accessible at www.btn.co.id/privacypolicy, PFWMD which is structurally under the Compliance Work
and other The Company digital platforms. Unit (SKK) of the Head Office and is directly responsible
to the Director who is in charge of the compliance
function which can be described as follows:
906 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Director of Human Capital &
Compliance
Reporting on the implementation Branch Office
Head Office UKK of AML, CFT, and PFWMD programs
CMGD Head
Reporting on the Branch
Regional Office Manager
implementation of
AML, CFT, and PFWMD
programs
Deputy Branch Sub-Branch
Financial Institution AML/CFT CPF AML/CFT CPF Manager Head
Regional Office
Custodian Unit and/ Strategy & Transaction & Head
or Wali Amanat Advisory Analysis Ensuring the
implementation of AML,
CFT, and PFWMD
Customer
Deputy
Service
SBH / OSS
Supervisor
Person in charge of AML, CFT,
and PFWMD Implementation
in Regional Office (Regional
Reporting on the Compliance Specialist)
implementation of AML, CFT, Customer Customer
and PFWMD programs Service Service KCP
Coordination and supervision
of the implementation of AML,
CFT, and PFWMD
To implement the AML, CFT, and PFWMD programs implementation of the AML, CFT, and CPFWM
effectively and in compliance with regulatory program at the Company;
requirements, apart from Special Work Unit (UKK) for b. Discussing the implementation of the AML, CFT,
AML, CFT, and PFWMD at the Head Office, the AML, CFT, and CPFWM program in Board of Directors and
and PFWMD programs were also implemented at Commissioners meetings;
Regional Offices and Branch Offices. c. Evaluating the policies and procedures related to
the AML, CFT, and CPFWM program;
Implementation of the Anti-Money d. Approving the Director’s report on the plan and
Laundering, Counter-Terrorism Financing, actual updates of customer data
and Prevention of the Financing of
the Proliferation of Weapons of Mass II. Policies and Procedures
Destruction (AML, CFT, and PFWMD) Comprehensive policies and procedures are
Programs. required to identify, assess, and manage risks related
to Money laundering (ML), Terrorism Financing
The implementation of the Anti-Money Laundering, (TF), and Proliferation Financing of Weapons of
Countering the Financing of Terrorism, and Countering Mass Destruction (PFWMD), which are reviewed
the Financing of Proliferation of Weapons of Mass periodically. The provisions related to AML, CFT, and
Destruction (AML, CFT, and CPFWM) program is carried CPFWM regulate the following matters:
out based on the five pillars of the implementation of a. Provisions related to the identification and
the Anti-Money Laundering, Countering the Financing of verification of prospective customers, customers,
Terrorism, and Countering the Financing of Proliferation and WIC;
of Weapons of Mass Destruction Program in the Financial b. Provisions related to the implementation of
Services Sector as stipulated in the OJK Regulation No. 8 Transaction Suspension and Transaction Delay;
of 2023 regarding the Implementation of the Anti-Money c. Provisions related to the implementation of the
Laundering, Countering the Financing of Terrorism, and closure of business relationships and transaction
Countering the Financing of Proliferation of Weapons rejection
of Mass Destruction Program in the Financial Services d. Provisions related to Monitoring and Updates;
Sector. e. Provisions related to Cross-Border Correspondent
I. Active Supervision by the Board of Directors and Banking;
Commissioners f. Provisions related to the implementation of Fund
The Board of Directors and Commissioners actively Transfers;
supervise the implementation of the AML, CFT, and g. Provisions related to the management of
CPFWM program at the company to ensure that the documents related to AML, CFT, and CPFWM;
AML, CFT, an CPFWM procedures are implemented h. Provisions related to reporting both internal to
effectively by: the Company and external to the regulators.
a. Providing guidance on periodic reports (monthly, i. Implementation of AML, CTF, and CPF Program in
quarterly, and semi-annual) regarding the Subsidiaries.
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08 Corporate Governance
III. Internal Control c. AML, CTF and CPF Awareness Internalization 2025.
An effective and independent internal control system • AML, CTF and CPF Coaching Clinic
is routinely applied to ensure compliance with the The Company organized a Coaching Clinic
AML, CFT, and CPFWM Policies by: as a discussion and Q&A forum regarding
a. Adequate internal monitoring as regulated in the materials and current issues related to
AML, CFT, and CPFWM Policies and Procedures; AML and CTF, as well as the discussion of
b. Clear authority and responsibility limits related solutions to challenges encountered in the
to units implementing the AML, CFT, and CPFWM implementation of AML and CTF.
programs; • Training on the Understanding and
c. Independent audits are conducted to ensure the Implementation of the AML, CTF and CPF
effectiveness of the implementation of the AML, Program for High-Risk Customers.
CFT, and CPFWM program; • The Bank organized activities aimed at
d. Following up on all audit results both internal and enhancing employees’ understanding in
external related to the implementation of the AML, conducting Customer Due Diligence (CDD)
CFT, and CPFWM program under the established and Enhanced Due Diligence (EDD) for high-
timelines. risk Customers in order to increase vigilance
against ML, TF and PF.
IV. Management Information System (MIS) d. AML, CTF and CPF Competency Certification
In monitoring and identifying suspicious transactions, Implementation of briefing and competency
the Company continuously developed information examinations for AML, CTF and CPF Level 5 and
technology systems, including: Level 6 for AML/CFT Unit employees at the Head
a. Enhancement of the Company’s AML and CTF Office and Regional Offices.
application; e. Branch Visit dan Surprise Review
b. Seamless integration of Customer Identification Branch visits were conducted to enhance
and Verification systems. awareness at Branch Offices through
internalization activities by considering the
V. Sumber Human Resources (HR) distribution of Cash Transaction Reports (CTR),
Training and development of HR are crucial documentation of Beneficial Owner data, the
to ensure that employees have the necessary number of incomplete CIFs, high-risk Customers,
knowledge and skills to implement the AML, CFT, and auditees of the 2024 AML and CTF Thematic
and CPFWM programs. The Company continuously Audit.
conducts training, internalization, and reminders on
the implementation of these programs to increase In addition, surprise reviews were conducted
awareness among all employees, especially those periodically at Branch Offices to ensure
who directly interact with customers (frontliners), employees’ understanding and to evaluate the
employees overseeing the implementation of the effectiveness of the implementation of the AML,
programs, and those involved in preparing reports to CTF and CPF program.
PPATK an OJK. The training is conducted effectively
and interactively as follows: Submission of Reports and Data to Regulators and/or
a. Thematic AML, CTF and CPF Refreshment for Law Enforcement Officials
employees through printed or digital media via 1. Submission of Reports and Data to Regulators and/
the Company’s internal media; or Law Enforcement Officials
b. Thematic AML, CTF and CPF Refreshment for a. Cash Transaction Report (LTKT)
employees in collaboration b. Suspicious Transaction Report (LTKM)
• Advanced onsite AML, CTF and CPF c. International Funds Transfer Instruction Reports
Refreshment attended by AML/CFT Unit (LTKL)
employees and representatives of employees d. Integrated Service User Information System
who interact directly with Customers, IT Report (SIPESAT) PT Bank Tabungan Negara
employees, and Internal Audit. (Persero) Tbk 637 2023 Annual Report.
• AML, CTF and CPF e-learning utilizing PPATK’s 2. Conveying Data/Information Compliance to the Law
e-learning platform conducted in 10 batches, Enforcement & Regulatory Officials as follows:
attended by AML/CFT Unit employees and a. Information System for AML and CFT Program
representatives of employees who interact (SIGAP) to the OJK
directly with Customers. b. Anti-Money Laundering (AML) and
CounterTerrorism Financing (CFT) report via
Online Reporting Application (APOLO)
908 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
c. Information System for Suspected Terrorism The Company’s Active Participation in AML, CTF and
Financing (SIPENDAR) to the Center for Financial CPF Regime Programs Organized by Regulators/
Transaction Reports and Analysis (PPATK) Government, including:
d. Electronic Data Exchange Application 1. Actively participated in the 2025 PPATK coordination
Report (PEDAL) to the Corruption Eradication meeting in the framework of realizing Asta Cita for
Commission (KPK) sustainable development.
e. Fulfillment of data requests by the Supervisory 2. Actively participated in completing the Survey
and Regulatory Agency (LPP) and other Law Questionnaire on Money Laundering through
Enforcement Officials (APGAKUM), namely Financing Mechanisms in Sharia Banks.
the Police, National Narcotics Agency (BNN), 3. Partnership in the 23rd Year National Movement of the
Prosecutor’s Office. AML and CTF Regime in Indonesia;
3. The Company’s Active Role in Supporting the 4. Actively participated in the development of an
Prevention of Money Laundering (ML), Terrorism early detection system for suspicious financial
Financing (TF), and Proliferation Financing of transactions related to the misuse of the Free
Weapons of Mass Destruction (PF) Nutritious Meal Program.
a. Implementation of cyber patrols on account 5. Actively participated in completing the 2025
trading and online gambling. Indonesia National Risk Assessment (NRA)
b. Monitoring of dormant account misuse. Questionnaire on ML, TF and PF.
c. Monitoring of large transactions conducted on 6. Actively participated in strategic forums to
holidays. strengthen synergy among ML Committee members
d. Monitoring of fund disbursement under the Free in preventing and combating ML related to online
Nutritious Meal Program. gambling.
7. Actively participated in the Focus Group Discussion
Risk Assessment of AML, CFT, and CPFWM (FGD) of the Financial Action Task Force (FATF)
The Company conducted periodic and continuous risk Risk, Trends, and Methodology Groups (RTMG) /
assessments on ML, TF and PF. In 2025, the Company Policy Development Group (PDG) Project related to
conducted an Individual Risk Assessment (IRA) to Stablecoin and Unhosted Wallet.
identify, assess, and understand ML, TF and PF risks 8. Initiated the handover of housing renovation
related to Customers, countries or geographic areas, assistance under the theme “Clean House, Clean
products, services, transactions, or distribution channels. Finance” to 15 beneficiaries in Jakarta, Bekasi, and
Cianjur as part of the 23rd Year National Movement
Financial Integrity Rating Assessment by PPATK of AML, CTF and CPF.
The Financial Integrity Rating (FIR) indicates the level of
commitment, implementation, and compliance of the
reporting party with Indonesia’s Anti-Money Laundering
and Counter Financing of Terrorism AMLCFT) regime.The
2025 FIR score showed an increase compared to 2024
and was above the average FIR score of commercial
banks.
Legal Case
Table of Lawsuits
Total
No. Legal Case
Civil Criminal Industrial Relations
1. Already settled (has permanent legal force) 254 11 4
2. In the process of settlement 180 9 0
Total 434 20 4
2025 Annual Report 909
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08 Corporate Governance
Legal Cases Facing The Company
Table of Legal Cases Faced by the Company
Impact on the
Subject Matter / Management’s Sanctions Risk and Potential
No Status of Resolution Company’s
Lawsuit Action Imposed Loss Amount
Condition
Compensation
The case was decided
lawsuit against the There is no
in favor of the Bank
Bank and external court decision
and has obtained
1 parties related requiring the - None IDR 1,317,500,000
permanent legal
to the misuse of Bank to pay any
force (inkracht) at the
funds placed by a compensation
Judicial Review level
customer.
Lawsuit filed by a Risk of the The Bank filed
fund owner related Cassation process at Bank being a Counter-
2 None IDR 30,777,210,669
to the loss of funds the Supreme Court. required to pay Memorandum
placed in the Bank. compensation of Cassation.
Lawsuits/Important Issues Faced by The Board of Directors and Commissioners
During 2025, no current members of the Board of Directors and Commissioners of the Company had either civil or
criminal legal issues.
Lawsuit/Important Issues Faced by Subsidiaries
PT Bank Syariah Nasional (BSN)
Impact on the
Risk and Value
No Case/ Claim Settlement Status Verdict Company’s
of Claims
Condition
The case was
Risk of the Bank being
decided against
jointly liable with The court decision
Lawsuit filed by a debtor the Bank and has
five other parties to stipulates that the
1 related to a dispute over obtained permanent None
pay compensation Bank is ordered to
collateral land. legal force (inkracht)
amounting to IDR1,3 pay compensation.
at the Judicial Review
billion.
level.
910 2025 Annual Report
Page 480
PT Bank Tabungan Negara (Persero) Tbk
Administrative Sanctions Imposed Financial Services Authority and the Indonesia Stock
on the Company, Members of The Board Exchange as well as through the electronic reporting
of Commissioners and Directors by The systems spe.ojk.go.id and idxnet.co.id and the
Capital Market Authority website www.btn.co.id.
and Other Authorities 6. Information through other media, including mass
media (press releases), internal magazines/
The Company strives to fulfill its responsibilities and bulletins, posters, and banners.
comply with all applicable laws and regulations, 7. Report submissions to regulators, analyst meetings,
including those issued by the Financial Services press conferences, and so on Information through
Authority and other relevant authorities. Throughout other media, including mass media (Press Releases),
2025, no administrative sanctions were imposed on internal magazines/ bulletins, posters and banners.
the Company that would affect its business continuity, In addition to more specified information about the
including for failures to disclose information within the Company, the public and investors can contact:
timeframe required by regulators for material events.
Furthermore, no administrative sanctions were imposed
on members of the Board of Directors or the Board of
Commissioners of the Company. Corporate Secretary
Ramon Armando
Access to Company Information
and Data Menara BTN
Jl. Gajah Mada No. 1,
The Company provides access to information and Jakarta Pusat 10130
data, both financial and non-financial related reports Telp: (021) 6336789
to the public in a transparent manner through various Faks: (021) 6336719
media such as websites (in two languages), mass
media (press releases), internal magazines/ bulletins, Email: csd@btn.co.id
meetings with analysts, IDX official website, product
posters and banners, corporate actions, Company
presentation materials to the public and so on. Access
to Company information regarding financial and
company information, among others, can be done Investor Relations
through the following media:
1. Website www.btn.co.id which is presented in The Company always maintains a harmonious
Indonesian and English, as well as conveys relationship with shareholders, potential investors,
information regarding the following: analysts and other capital market communities
a. Shareholder information up to individual ultimate by holding regular activities such as meetings with
owners; analysts/investors on a national and international scale
b. Financial performance analysis; as well as performance exposure to the public. The
c. Annual financial statements for the last 5 years; Company also fulfills information disclosure obligations
and as regulated in the Capital Market such as Disclosure
d. Profile of the Board of Commissioners and the of Material Information or Facts, Financial Statements,
Board of Directors. Annual Reports and Certain Shareholders Reports.
2. For more information, customers can contact BTN
Call 1500 286 or email btncontactcenter@btn.co.id The contacts for the Company’s Investor Relations are
or csd@btn.co.id. as follows:
3. Investors can directly contact the Corporate
Secretary/ Investor Relations of the Company by Investor Relations
sending an email to investor_relations@ btn.co.id Eka Savitri
or calling (62-21) 633 6789. PT Bank Tabungan Negara (Persero) Tbk
4. The Company’s Public Information Request Service Menara BTN Lt. 16, Jl. Gajah Mada No. 1
through the ppid.btn.co.id website and/or the BTN Jakarta 10130 Indonesia
PPID android application that can be downloaded Telp : +62 21 63870107
through the smartphone of information users. Email : investor_relations@btn.co.id
5. The company also continuously submits information Website : https://www.btn.co.id/Investor-Relation-Home
disclosure reports and/ or material facts to the
2025 Annual Report 911
Page 481
08 Corporate Governance
Profile of Investor Relations Head
Eka Savitri
Head of Investor Relations
Indonesian Citizen,
Jakarta, April 15, 1983
42 years old as of December 2025
domiciled in Jakarta
Educational Background Work Experience
• Bachelor’s Degree in Economics – Universitas Padjadjaran • September 2025 – present
• Master of Science in Accounting – University of Illinois Serving as Acting Head of Investor Relations & Research
Division
Certification • 2023 – September 2025
U.S Certified Public Accountant Served as Head of Investor Relations Department
Legal Basis of Appointment
511/M/HCMD/EDEV/IX/2025 dated September 26, 2025
Investor Relation’s Duty and Responsibilities
Relations actively organizes meeting forums with 4. Managing the availability of reports related to investor
analysts, investors, rating agencies and other capital responses, valuation, and stock performance to the
market communities to ensure that information Board of Directors to provide opinions in preparing
disclosure can be carried out properly. The authority of the company’s business and financial strategies.
Investor Relations following the Special Policy (KK) 9-AA 5. Supporting the reporting process to regulators to
is as follows: fulfil the compliance functions in accordance with
1. Manage all communication activities with analysts, applicable regulations.
investors and the capital market community to 6. Managing the Company’s performance
provide an overview of the company’s performance communication activities to the public, Bank
and prospects to analysts and investors. Investors, and the Capital Market.
2. Managing all communication activities with 7. Ensuring the quality of data communicated in terms
analysts and investors, including the capital market of validity, accuracy, and sources of information
community starting from communicating Bank BTN’s to provide appropriate information regarding the
performance and developing an appropriate image, company’s performance and prospects to investors
to carrying out communication programs to the as well as optimizing investment in the Company.
capital market community to provide an overview 8. Proactively providing information to the capital
of the company’s performance and prospects to markets community and seeking opinions on
analysts and investors. strategic matters.
3. Ensure that the quality of data collected regarding 9. Managing the procurement of Investor Relations
business performance and prospects is valid and Communication Activities and meetings with other
accurate data to be communicated to the investor stakeholders regarding the delivery of company
community and capital market community in order business and financial information to provide
to optimize investment in the Company. Manage and company prospects to investors in optimizing
ensure accurate data collection activities to support investment in Bank BTN.
analysis and modeling to optimize investment in the 10. Preparing presentation materials for Investor
company. Relations communication activities.
912 2025 Annual Report
Page 482
PT Bank Tabungan Negara (Persero) Tbk
11. Providing Bank data and information regarding Bank The basic principles used by Investor Relations in
performance through the Investor Relations website communicating with the capital market community are:
to provide easier and wider access, in which the 1. Fair disclosure of information by taking into
information includes: account the principles of equitable treatment and
a. Monthly and quarterly financial reports, Liquidity transparency.
Sufficiency Ratio Report (LCR), Net Stable Funding 2. Information is provided by adhering to the
Report (NSFR), Risk Exposure and Capital Report, precautionary principle and taking into account the
Entity Financial Report, and Leverage Ratio applicable confidentiality provisions in the banking
Report following the Financial Services Authority sector.
(OJK) requirements as a banking company in
Indonesia. The public exposure methods used are as follows:
b. Publication of consolidated financial reports 1. Direct, which includes: General Meetings of
every quarter and audited for the year-end Shareholders, Public Expose, Non Deal Roadshow,
period in accordance with the OJK requirements Investor Conference, Press Conference, 1-on-1
as a public company as well as presentation Meetings, Group Meetings, Conference Call, Branch
materials for the Analyst Meeting. Visits and Site Visits.
c. Annual Report which is a comprehensive report 2. Indirect, which includes Annual Reports, Published
for the public and stakeholders on Bank BTN’s Financial Statements, Press Releases, Website,
performance achievements, business, and other Broadcast Media (TV, Newspaper, Online Media),
activities. Social.
Implementation of Investor Relations Duties
A. Investor Relations Activity
In 2025, the activities and interactions of the Investor Relations business unit with investors, analysts, rating
agencies, and capital market participants were as follows:
1. 4 (Four) Analyst Meetings throughout the year.
Date Topic Description
February 11, 2025 Analyst Meeting FY24 (Audited) Video Conference Call
April 24, 2025 Analyst Meeting 1Q25 (Unaudited) Video Conference Call
August 27, 2025 Analyst Meeting 1H25 (Audited) Video Conference Call
October 23, 2025 Analyst Meeting 9M25 (Unaudited) Video Conference Call
2. Organizing Annual Reviews with national and international rating agencies which were held 3 (three) times a
year.
Date Rating Agency
July 22, 2025 Pefindo
September 17, 2025 Fitch Ratings
December 03, 2025 Moody’s
2025 Annual Report 913
Page 483
08 Corporate Governance
3. Interaksi dan diskusi dengan investor dan analis dalam bentuk conference meeting maupun Non-Deal
Roadshow dalam setahun.
Date Activities
January 15, 2025 JP Morgan “State of the Nation”
February 12, 2025 Mandiri Investment Forum
February 2025 DBSV Conference
April 09, 2025 ASEAN Investment Conference
April 15, 2025 Site Visit Investor
April 17, 2025 ESG Conference Meeting with CLSA
May 08, 2025 Local Non-Deal Roadshow with Mandiri Sekuritas
June 11-13, 2025 Regional Non-Deal Roadshow with CLSA
June 17, 2025 Moodys Periodical Review
July 02, 2025 UBS Banks Day
August 13, 2025 Verdhana Macro & Banks Day
November 10, 2025 Public Expose Live 2025
November 03-05, 2025 Asia Non-Deal Roadshow with UBS Sekuritas
November 12, 2025 Local Non-Deal Roadshow with BRI Danareksa Sekuritas
November 20, 2025 Book Building Penerbitan Obligasi
Throughout 2025, the Company fulfilled meeting requests, both offline and via conference calls, from the capital
market community, conducted either together with the Board of Directors or by the Investor Relations unit.
Participant Number of Activities
Analyst 72
Local Investors 85
Foreign Investors 65
Rating Agency 3
Total 225
The Investor Relations Unit periodically submits reports Within the year, the Company distributed 168 (one
on the development of the Company’s shares, including hundred sixty-eight) press releases to the media and 117
unusual market activities, and reports related to inputs, (one hundred seventeen) official photo releases, which
responses and expectations of investors, analysts were also disseminated to the media. During the same
and other capital market communities towards the period, news coverage regarding BTN reached 38,670
Company’s business development and performance articles published across various media platforms
improvement. throughout Indonesia. The dominant BTN issues in 2025
included Social Assistance (Bansos) with 2,093 news
Media Exposure articles, Government Fund Placement amounting to
IDR200 trillion in Himbara with 1,140 news articles, and
During the period from January to 31 December 2025, coverage of BTN Jakarta International Marathon 2025
the Company received extensive and positive media with 583 news articles
coverage across print, online, and electronic media.
914 2025 Annual Report
Page 484
PT Bank Tabungan Negara (Persero) Tbk
Distribution of BTN News Media Categories PRINT MEDIA
No Media Name Total
Online Media: 36,396 (news)
Print Media: 1,872 (news) 1 Kontan 256
TV Media: 302 (news)
2 Bisnis Indonesia 158
Radio: 8 (news)
3 Rakyat Merdeka 139
4 Investor Daily 118
TOP 10 MEDIA BTN
5 Media Indonesia 103
ONLINE MEDIA
TV MEDIA
No Media Name Total
No Media Name Total
1 kontan.co.id 273
1 Metro TV 35
2 bisnis.com 272
2 CNBC Indonesia 35
3 cnbcindonesia.com 245
3 IDX Channel 16
4 wartaekonomi.co.id 209
4 Garuda TV 15
5 idxchannel.com 185
5 Kontan TV 11
Press Release
No Date Title
1 January 3, 2025 Minister of SOEs Encourages BTN to Become a Megabank
2 January 8, 2025 BTN Allocates More Than IDR1 Billion for Home Design Competition
Bank Tabungan Negara and Mandiri Capital Indonesia Establish Investment Partnership
3 January 8, 2025
to Support Housing Ecosystem Growth
4 January 15, 2025 BTN Commences Acquisition of Bank Victoria Syariah
Ensuring Comfortable Places of Worship, BTN Disbursed IDR4,14 Billion for Construction
5 January 17, 2025
and Renovation of Houses of Worship Throughout 2024
6 January 18, 2025 Strategic Synergy Between BTN and LPEI to Support Indonesia’s Export Growth
To Safeguard Public Rights, Minister of SOEs Urges BTN to Discipline Non-Compliant Developers
7 January 21, 2025
in Certificate Settlement
8 January 22, 2025 Minister of SOEs Encourages BTN to Accelerate TOD Development for 3 Million Homes
Supporting the 3 Million Homes Program, BTN Transforms Non-Subsidized Mortgage Sales
9 February 1, 2025
Management
10 February 5, 2025 Through TJSL Program, BTN Supports Waste Management in Surabaya
Vice Minister of Finance: Three Million Homes Program Becomes Key to National Economic
11 February 6, 2025
Growth
INACRAFT 2025 Day Three: Rumah BUMN Supports Indonesian MSMEs and Invites Visitors to
12 February 7, 2025
Promote Local Products
13 February 9, 2025 75th Anniversary, BTN Officially Launches BALE by BTN
14 February 11, 2025 In 2025, BTN Assets Projected to Reach IDR500 Trillion
President Director: Relocation of BTN Branch Office in Pematang Siantar to Enhance Service
15 February 13, 2025
Quality
16 February 14, 2025 20th Anniversary of BTN Syariah Marks the Formation of BUS BTN
2025 Annual Report 915
Page 485
08 Corporate Governance
No Date Title
Marking 75 Years, BTN Presents Appreciation Awards to Developer Partners, Designers,
17 February 15, 2025
and Housing Innovators
18 February 18, 2025 BTN Sustainable Finance Framework Receives “Excellent” Rating from Sustainable Fitch
19 February 19, 2025 BTN Housingpreneur Encourages Creativity and Innovation in Eco-Green Living
20 February 22, 2025 Strengthening Performance, BTN Ready to Contribute to Economic Growth
21 February 25, 2025 BTN and MAPCLUB Establish Transactional Partnership to Support BTN’s Vision
22 February 28, 2025 Supporting West Java’s Economy, BTN Relocates Regional Office in Bandung
23 March 2, 2025 Driving Local Economic Growth, BTN Invites Developers to Build Affordable Housing in Sulampua
24 March 7, 2025 BTN Opens Registration for Free Homecoming Program
25 March 12, 2025 Strengthening Funding Engine, BTN to Launch BALE Korpora Services
26 March 15, 2025 Welcoming Eid, BTN Provides IDR30 Trillion in Cash
27 March 20, 2025 Ramadan Action 2025: BTN Supports Early Childhood Education Facilities
28 March 24, 2025 Ahead of Spin-Off, BTN Syariah Harvests Awards
29 March 26, 2025 Ensuring Customer Safety and Comfort, BTN West Java Secures Adequate Cash Supply
30 March 26, 2025 Amid Global Economic Pressures, BTN Moves Swiftly to Provide Housing for Teachers
In Addition to Distributing 25% Dividends, BTN Annual GMS Approves Acquisition and Restructuring
31 March 26, 2025
of BTN Syariah
32 March 27, 2025 BTN and Media Partners Distribute Hundreds of Basic Food Packages in Greater Jakarta
33 March 27, 2025 BTN Sends Off 1,000 Participants in the 2025 Free Homecoming Program
BTN, Ministry of Public Housing and Settlements, Komdigi, and BP Tapera Sign MoU on Housing
34 April 8, 2025
Program for Journalists; Supporting Access to Adequate Housing, 1,000 Units Prepared
35 April 10, 2025 BTN Ranked Top 3 Best Workplace
36 April 12, 2025 BTN Targets Threefold Business Growth
37 April 14, 2025 BTN Continues Support for BTN JAKIM with 4S: Sterile, Secure, Safety, and Smooth
38 April 15, 2025 Hosting BTN JAKIM 2025, BTN Targets 1 Million Additional BALE by BTN Users
39 April 15, 2025 BTN JAKIM Boosts BTN Digital Banking Transactions
40 April 24, 2025 BTN Net Profit Increases, Loan Growth Remains Consistent
41 April 28, 2025 Targeting Retail Transactions, BTN Holds Travel Fair at BTN Digital Store
42 May 6, 2025 BTN Supports Housing Financing for Media Industry Employees
Strengthening Efficiency and Service Accessibility, BTN Implements Strategic Office Network
43 May 9, 2025
Restructuring
44 May 10, 2025 Supporting Asta Cita on Gender Equality, BTN Promotes Women Empowerment
In Collaboration with the Indonesian Mosque Council, BTN Promotes Financial Inclusion Through
45 May 17, 2025
Digital Solution
46 May 20, 2025 Ahead of Spin-Off, BTN Syariah Wins International Best Islamic Bank 2025 Award
47 May 23, 2025 Strengthening Sustainable Engagement Strategy, BTN Prospera Customer Base Surges 170%
BTN Syariah Demonstrates Strong Foundation Ahead of Spin-Off, Reflected in Solid Performance
48 May 24, 2025
and International Recognition
Ahead of Spin-Off, BTN Syariah Explores Cooperation with Islamic Development Bank to Provide
49 May 26, 2025
Innovative Financing Schemes
50 May 26, 2025 Strengthening Digital Mortgage Services, BTN Wins Two International Awards
The Government Approves the Spin-Off, BTN Sharia Business Unit Ready to Operate as a Sharia
51 May 27, 2025
Commercial Bank
916 2025 Annual Report
Page 486
PT Bank Tabungan Negara (Persero) Tbk
No Date Title
52 May 31, 2025 Housing Industry Players Require New Strategies to Drive Sector Growth
BTN Indonesia Fashion Week 2025 Successfully Held, BTN Expands into Indonesia’s Fashion
53 June 1, 2025
Industry Ecosystem
54 June 3, 2025 In Compliance with OJK Regulation, BTN Syariah Spin-Off to Be Realized Soon
55 June 4, 2025 BTN Syariah Spin-Off to Strengthen Indonesia’s Islamic Financial Market
Targeting 10,000 Low-Emission Houses in 2025, BTN Actively Connects Eco-Friendly Material
56 June 4, 2025
Producers with Developers
Officially Acquires BVIS, BTN Aims to Position BTN Syariah as Indonesia’s Second Largest Sharia
57 June 5, 2025
Bank
Jakarta Provincial Government to Close 32 Roads During BTN Jakarta International Marathon
58 June 8, 2025
2025, 31 Alternative Routes Prepared
59 June 10, 2025 631 International Runners Participate in BTN JAKIM 2025
60 June 11, 2025 Welcoming BTN JAKIM 2025, BTN Offers Hotel Discounts
Supporting the Advancement of Indonesian Football, BTN Becomes Sponsor of Three National
61 June 12, 2025
League 1 Clubs
Supporting the Transformation of Non-Subsidized Mortgages, BTN Recognizes 10 Strategic
62 June 13, 2025
Developers
63 June 13, 2025 Transformation Gains Global Recognition, BTN Wins Global Brand Awards 2025
64 June 18, 2025 Transformation Strengthens BTN’s Financial Fundamentals
65 June 19, 2025 BTN Promotes Subsidized Mortgages at Global Sustainable Finance Forum
66 June 22, 2025 Accelerating Low-Emission Housing, BTN Enhances Collaboration with UNEP FI
67 June 22, 2025 BTN Wins Best Company to Work for in Asia 2025 Award
Ahead of BTN Jakarta International Marathon 2025: Road Closures Announced, Check Routes &
68 June 25, 2025
Parking Areas
Qatari Investors Begin Developing Affordable Housing, BTN Ready to Support Public Housing
69 June 26, 2025
Financing
Ahead of BTN Jakarta International Marathon 2025, Participants Enthusiastically Attend Race
70 June 26, 2025
Pack Collection and Race Expo
71 June 28, 2025 BTN’s Digital Transformation Strengthened by Integrated Cyber Risk Management
72 June 28, 2025 Amid Escalating Geopolitical Tensions, BTN’s Performance Remains On Track
Embracing Technological Advancements, BTN Builds Digital Literacy Culture and Strengthens
73 June 28, 2025
Cyber Risk Architectur
PT Bank Tabungan Negara (Persero) Tbk Continues to Enhance Cyber Risk Management Amid
74 June 28, 2025
Ongoing Digital Transformation.
75 June 29, 2025 BTN Jakarta International Marathon 2025 Successfully Held
76 June 29, 2025 Hosting BTN JAKIM 2025, BTN Offers Carbo-Loading Discounts for Priority Customers
Contributing IDR3,050 Trillion to National Economy, BTN Strengthens Strategic Role in Housing
77 July 8, 2025
Sector
Strengthening Business Expansion and Housing Financing in East Nusa Tenggara, BTN Ready to
78 July 9, 2025
Contribute to Regional Economic Growth
BTN Connect & Collaborate Expo 2025: Partnering with Top 10 Developers, BTN Offers Mortgage
79 July 14, 2025
Rates Starting from 2.65% and Discounts up to Rp100 Million
80 July 15, 2025 Remarkable Impact, BTN JAKIM 2025 Generates Rp127 Billion in Economic Value
Strengthening Mortgage Service Quality, BTN Record Center Bandung Manages More Than
81 July 17, 2025
380,000 Debtor Documents
82 July 21, 2025 BTN Mortgages Generate More Than 1 Million Jobs, Supporting the Housing Sector
83 July 21, 2025 Bank Victoria Syariah Prepares to Hold EGMS
2025 Annual Report 917
Page 487
08 Corporate Governance
No Date Title
84 July 23, 2025 Contributing to Communities and the Environment, BTN Disburses IDR40,7 Billion in TJSL Funds
85 July 24, 2025 BTN Wins Two Awards at the ASEAN Corporate Governance Awards 2025
Through Subsidized Financing by BTN Syariah, Preachers and Quran Teachers Can Own Their
86 July 26, 2025
Dream Homes
87 July 29, 2025 Through Mortgage Distribution, BTN Activates Economic Chain Across 185 Industrial Sub-Sectors
88 August 1, 2025 Receiving Additional FLPP Quota, BTN Ready to Expand Access to Adequate Housing
Enhancing Productivity and Efficiency of Collection Business Processes, BTN Launches New
89 August 2, 2025
Operating Model.
Freedom to Own Your Dream Home, BTN Offers Mortgage Rates Starting from 2.65%, Zero Fees,
90 August 2, 2025
Available for Renovation and Mortgage Takeover
91 August 4, 2025 Preventing Misuse of Customer Accounts, BTN Appreciates PPATK’s Measures
BTN Focuses on Strengthening Low-Cost Funds Through Centralized Management and Customer
92 August 6, 2025
Ecosystem Expansion
BTN Officially Launches BALE Korpora, an Integrated Wholesale Banking Platform for Corporate
93 August 7, 2025
Customers
94 August 7, 2025 Providing Faster and Easier Services, BTN Establishes Digital Store at the DPR-RI Building
BTN and Bakti BUMN Volunteers Provide Health Services and Food Security Support in Paser, East
95 August 15, 2025
Kalimantan
96 August 19, 2025 In Collaboration with Jakpro and Ancol, BTN Commits to Supporting Jakarta as a Global City
97 August 23, 2025 Hosting BALE Festival MSME in Solo, BTN Facilitates Access to Financing for Small Businesses
98 August 26, 2025 BTN Ready to Serve Banking Transactions for 6.5 Million HKBP Congregation Members
99 August 27, 2025 BTN Records Net Profit of IDR1,7 Trillion, Growing 13.6%
IndonesiaTargeting Modern Communities, BTN Launches Digital Store at the Indonesia Stock
100 August 27, 2025
Exchange
Ministry of SOEs Prepares Regulation to Support Mortgage Distribution for Low-Income
101 August 30, 2025
Communities
102 September 4, 2025 Welcoming National Customer Day, BTN Listens to Customer Aspirations
103 September 10, 2025 Increased FLPP Quota, BTN Targets 7–9% Loan Growth
Supporting Asta Cita Net Zero Emissions, BTN Joins the Partnership for Carbon Accounting
104 September 16, 2025
Financials (PCAF)
105 September 18, 2025 BTN Encourages Students to Become Agents of Change in the Digital Transformation Era
106 September 19, 2025 By December 2025, BTN Ensures Optimal Absorption of IDR25 Trillion Liquidity
BTN and North Minahasa Regency Launch DigiKab Powered by BALE, Strengthening Digital
107 September 19, 2025
Transformation of Regional Public Services
108 September 20, 2025 Preparing for Transformation into BSN, BTN Syariah to Add Two Branch Networks in Aceh
First in Indonesia! BTN Launches Innovation to Reduce Mortgage Installments Using Waste
109 September 27, 2025
to Protect the Environment
110 September 30, 2025 BTN Supports Distribution of 26,000 Subsidized Housing Units
111 September 30, 2025 As of August 2025, BTN Maintains Double-Digit Net Profit Growth
Launching a New Identity, Bank Syariah Nasional Ready to Transform Indonesia’s Islamic
112 October 2, 2025
Banking Industry
Hosting Human Capital Summit 2025, BTN Welcomes Minister of Manpower and Strengthens
113 October 2, 2025
Talent Transformation
Regulation on Interest Subsidy for Mortgage Issued, BTN Ready to Accelerate Financing
114 October 6, 2025
Distribution
115 October 6, 2025 BTN Leads in FLPP Subsidized Mortgage Distribution Compared to Other Himbara Banks
116 October 10, 2025 With BTN’s Support, More Than 140,000 People Own Subsidized Homes
918 2025 Annual Report
Page 488
PT Bank Tabungan Negara (Persero) Tbk
No Date Title
Targeting Low-Cost Funds, BTN Enhances Customer Experience Through Integrated Digital
117 October 11, 2025
Services
118 October 13, 2025 BTN Remains Optimistic IDR25 Trillion Funds Will Be Fully Absorbed
Expanding Access to Housing Financing for Informal Workers, Danantara Appreciates BTN’s
119 October 15, 2025
Innovation in Advancing National Financial Inclusion
Playing a Significant Role in the National Housing Program, BTN Receives AAA(IDN) Rating from
120 October 17, 2025
Fitch Ratings Indones
121 October 20, 2025 Featuring Sheila On 7, BTN Supports Remember November Festival Yogyakarta
122 October 20, 2025 Supported by the Housing Ecosystem, BTN Optimistic to Become the Largest Distributor of KPP
123 October 22, 2025 Promoting a Healthy Lifestyle, BTN Prospera Introduces Padel Program for Customers
124 October 22, 2025 Entrepreneurs and Students Invited to Join, Registration for BTN Housingpreneur Now Open
125 October 23, 2025 Outstanding Financial Performance, BTN Net Profit Reaches Rp2.3 Trillion
126 October 26, 2025 Targeting 1,500 Participants, BTN Housingpreneur Officially Launched
Seeking Outstanding Housing Innovators, BTN Housingpreneur 2025 Competition Officially Kicks
127 October 28, 2025
Off
128 October 28, 2025 Boosting Low-Cost Funds, BTN Officially Launches BTN-HKBP Savings
129 October 30, 2025 Supporting Jakarta’s Development, BTN Provides Banking Services for Ancol
130 October 31, 2025 BTN Supports Indonesia as a Fashion Hub Through Jakarta Fashion Week 2026
One Year of President Prabowo’s Administration, BTN Leads in Helping People Own Their Dream
131 November 4, 2025
Homes
132 November 5, 2025 Managing Ultra-High-Net-Worth Customer Funds, BTN Launches Exclusive BTN Private Service
BTN Housingpreneur 2025 Opens Access for Young Innovators to the National Housing
133 November 6, 2025
Ecosystem
134 November 6, 2025 In Collaboration with the Provincial Government, BTN Expands Business to Riau Islands
135 November 7, 2025 Human Capital Transformation Becomes Catalyst for BTN’s Sustainable Business Growth
Supporting Government Efforts to Boost Economic Growth, BTN Ensures More Than 93% of SAL
136 November 7, 2025
Funds Absorbed
137 November 9, 2025 Serving MSMEs, BTN Distributes Mortgage in Yogyakarta
138 November 11, 2025 In Collaboration with IKAHI, BTN Provides Mortgage Facilities for Judges
BTN Housingpreneur Invites Architects, Entrepreneurs, and Students in Surabaya to Present
139 November 14, 2025
Future Housing Business Ideas
140 November 17, 2025 BTN and Jatelindo Establish Partnership to Expand Digital Services to the Public
BTN Officially Spins Off Sharia Business Unit, BSN Becomes the Second Largest Sharia Bank in
141 November 18, 2025
Indonesia
142 November 20, 2025 Exploring Housing Innovation, BTN Housingpreneur Holds Roadshow at USU Medan
Launching Digital Store, BTN Partners with Unesa to Expand Digital Services for Students and
143 November 21, 2025
Lecturers
144 November 25, 2025 Consistently Innovating in the Housing Sector, BTN Housingpreneur Wins Award
145 November 26, 2025 As of October 2025, BTN Records Net Profit of IDR2,50 Trillion
146 November 27, 2025 Queen Máxima Appreciates BTN’s Innovation of Paying Mortgage Installments with Waste
147 November 28, 2025 BTN and HKBP Initiate Disaster Relief Distribution for Flash Flood Victims in Northern Sumatra
Visiting Padang Directly, BTN Board of Directors Distributes Assistance Through Universities and
148 November 30, 2025
Local Government
BTN Inaugurates New Regional Office of Central Java & Yogyakarta, Strengthening Digital
149 December 1, 2025
Transformation and Regional Financing
BTN Housingpreneur 2025 Ready to Realize Young Talents’ Dreams of Becoming Successful
150 December 3, 2025
Entrepreneurs
2025 Annual Report 919
Page 489
08 Corporate Governance
No Date Title
151 December 4, 2025 Housing Program Loan Distribution Reaches IDR1,3 Trillion, BTN Dominates National Market
152 December 6, 2025 Net Interest Income Surges, Analysts View BTN’s Performance Outlook as Increasingly Positive
153 December 10, 2025 49th Anniversary of Mortgage, BTN Has Distributed 5.7 Million Homes for the Indonesian People
154 December 10, 2025 49th Anniversary of Mortgage, BTN Offers 2.65% Mortgage Rate in Six Major Cities
Public Lecture at Udayana University, BTN Encourages Young Generation to Explore Green
155 December 10, 2025
Financing
BTN Provides Credit Relaxation to 22,879 Consumer Loan Customers Affected by Floods and
156 December 16, 2025
Landslides in Sumatra
157 December 17, 2025 Promoting Adequate Housing, BTN and PPATK Renovate Community Homes
158 December 17, 2025 As of November 2025, BTN Records Net Profit of IDR2,91 Trillion
BTN Establishes Public Kitchen and Distributes Humanitarian Aid to Affected Residents in Pidie
159 December 18, 2025
Jaya, Aceh
160 December 18, 2025 Allocating IDR4,5 Trillion, BTN Aims to Become the Primary Bank Serving Danareksa Holding
SOEs Care Initiative, Danantara Together with BP BUMN and BTN Deploy Assistance for Flood
161 December 19, 2025
Victims in Sumatra
162 December 19, 2025 Assisting Flood Victims in Aceh, BTN Deploys Six Logistics Trucks
163 December 20, 2025 President Prabowo Appreciates BTN for Distribution of FLPP Prosperous Mortgage
164 December 22, 2025 BTN Provides IDR19,67 Trillion in Cash Ahead of Christmas and New Year
165 December 23, 2025 In 2025, BTN Becomes the Largest Distributor of FLPP Prosperous Mortgage
Supporting Mortgage Expansion, BTN Strengthens Core Capital Through IDR2 Trillion
166 December 24, 2025
Shareholder Loan
167 December 24, 2025 BTN Plants 5,000 Trees in Depok, Strengthening Environmental Resilience of Jakarta’s Buffer Zone
168 December 24, 2025 Supporting Recovery Efforts, BTN Disburses IDR12,36 Billion in Aid for Disaster Victims in Sumatra
Media Briefing/Press Conference
No Month Activity Publication Press Release Title
Press Conference with the Ministry
of SOEs TO SAFEGUARD PUBLIC RIGHTS, MINISTER OF
1 January 21, 2025 Press Release SOES URGES BTN TO DISCIPLINE NON-COMPLIANT
Handling of Non-Compliant DEVELOPERS IN CERTIFICATE SETTLEMENT
Developers
Press Conference: Launch of BALE 75TH ANNIVERSARY, BTN OFFICIALLY LAUNCHES BALE
2 February 9, 2025 Press Release
by BTN BY BTN
BTN HOUSINGPRENEUR ENCOURAGES CREATIVITY
Press Conference: BTN
3 February 19, 2025 Press Release AND INNOVATION IN DEVELOPING ECO-GREEN
Housingpreneur
LIVING
STRENGTHENING THE FUNDING ENGINE, BTN TO
4 March 12, 2025 Media Gathering: Iftar Gathering Press Release
LAUNCH BALE KORPORA SERVICES
IN ADDITION TO DISTRIBUTING 25% DIVIDENDS,
5 March 26, 2025 Press Conference: BTN AGMS Press Release BTN AGMS APPROVES ACQUISITION AND
RESTRUCTURING OF BTN SYARIAH
Press Conference: MoU Signing
between the Ministry of Public BTN, MINISTRY OF PKP, KOMDIGI, AND BP
6 April 8, 2025 Housing and Settlements, Ministry Press Release TAPERA SIGN MOU ON HOUSING PROGRAM FOR
of Communication and Digital JOURNALISTS
Affairs, and BTN
BTN CONTINUES SUPPORT FOR BTN JAKIM WITH
Press Conference with Jakarta 4S: STERILE, SECURE, SAFETY, AND SMOOTH;
7 April 14, 2025 Press Release
Provincial Government HOSTING BTN JAKIM 2025, BTN TARGETS 1 MILLION
ADDITIONAL BALE BY BTN USERS
920 2025 Annual Report
Page 490
PT Bank Tabungan Negara (Persero) Tbk
No Month Activity Publication Press Release Title
OFFICIALLY ACQUIRES BVIS, BTN AIMS TO POSITION
Press Conference: Inauguration of
8 June 5, 2025 Press Release BTN SYARIAH AS INDONESIA’S SECOND LARGEST
BVIS Acquisitio
ISLAMIC BANK
SUPPORTING THE ADVANCEMENT OF INDONESIAN
Media Briefing: BTN Sponsors Three
9 June 12, 2025 Press Release FOOTBALL, BTN SPONSORS THREE NATIONAL LEAGUE
Football Clubs
1 CLUBS
Press Conference: BTN JAKIM 2025
BTN JAKARTA INTERNATIONAL MARATHON 2025
10 June 29, 2025 Race Day Press Release
SUCCESSFULLY HELD
STRENGTHENING MORTGAGE SERVICE QUALITY, BTN
Media Briefing: Opening of BTN
11 July 17, 2025 Press Release RECORD CENTER BANDUNG MANAGES MORE THAN
Record Center in Bandung
380,000 DEBTOR DOCUMENTS
Media Briefing: Perkenalan Dengan BTN FOCUSES ON STRENGTHENING LOW-COST
12 August 6, 2025 Direktur Network & Retail Funding Press Release FUNDS THROUGH CENTRALIZED MANAGEMENT AND
BTN, Rully Setiawan CUSTOMER ECOSYSTEM EXPANSION
BTN OFFICIALLY LAUNCHES BALE KORPORA, AN
Media Briefing: Launch of BALE
13 August 7, 2025 Press Release INTEGRATED WHOLESALE BANKING PLATFORM FOR
Korpora
CORPORATE CUSTOMERS
IN COLLABORATION WITH JAKPRO AND ANCOL, BTN
Press Conference: MoU Signing
14 August 19, 2025 Press Release COMMITS TO SUPPORTING JAKARTA AS A GLOBAL
between BTN, Jakpro, and Ancol
CITY
September 27, Media Briefing: Paying Installments FIRST IN INDONESIA! BTN LAUNCHES INNOVATION TO
15 Press Release
2025 with Waste Innovatio REDUCE MORTGAGE INSTALLMENTS USING WASTE
September 10, INCREASED FLPP QUOTA, BTN TARGETS 7–9% LOAN
16 Press Conference Public Expose Press Release
2025 GROWTH
September 19, BY DECEMBER 2025, BTN ENSURES OPTIMAL
17 Media Gathering Press Release
2025 ABSORPTION OF RP25 TRILLION LIQUIDITY
September 27, Media Briefing: Launch of Mortgage FIRST IN INDONESIA! BTN LAUNCHES INNOVATION TO
18 Press Release
2025 Installment Innovation Using Waste REDUCE MORTGAGE INSTALLMENTS USING WASTE
Media Briefing: Launch of New Logo LAUNCHING A NEW IDENTITY, BANK SYARIAH
19 October 2, 2025 and Name of BTN Sharia Business Press Release NASIONAL READY TO TRANSFORM INDONESIA’S
Unit ISLAMIC BANKING INDUSTRY
Press Conference: Remember FEATURING SHEILA ON 7, BTN SUPPORTS REMEMBER
20 October 20, 2025 Press Release
November Festival NOVEMBER FESTIVAL YOGYAKARTA
Media Briefing: BTN prospera Save PROMOTING A HEALTHY LIFESTYLE, BTN PROSPERA
21 October 22, 2025 Press Release
and Smash INTRODUCES PADEL PROGRAM FOR CUSTOMERS
Media Briefing; Kick Off BTN SEEKING OUTSTANDING HOUSING INNOVATORS, BTN
22 October 28, 2025 Press Release
Housingpreneur HOUSINGPRENEUR 2025 OFFICIALLY KICKS OFF
MANAGING ULTRA-HIGH-NET-WORTH CUSTOMER
November 5, Media Briefing: Launch of BTN
23 Press Release FUNDS, BTN LAUNCHES EXCLUSIVE BTN PRIVATE
2025 Private
SERVICE
Press Conference: MoU Signing IN COLLABORATION WITH THE PROVINCIAL
November 6,
24 between BTN and Riau Islands Press Release GOVERNMENT, BTN EXPANDS BUSINESS TO THE RIAU
2025
Provincial Government ISLANDS
November 9, Media Briefing: Socialization Press Release SERVING MSMES, BTN DISTRIBUTES MORTGAGE IN
25
2025 of Mortgage with Ministry of PKP YOGYAKARTA
November 18, BTN OFFICIALLY SPINS OFF SBU, BSN BECOMES
26 Press Conference: BTN GMS Press Release
2025 INDONESIA’S SECOND LARGEST SHARIA BANK
LAUNCHING DIGITAL STORE, BTN PARTNERS WITH
November 21,
27 Media Briefing: BTN Public Lecture Press Release UNESA TO EXPAND DIGITAL SERVICES FOR STUDENTS
2025
AND LECTURERS
November 27, Media Briefing: Visit of Queen QUEEN MÁXIMA APPRECIATES BTN’S INNOVATION OF
28 Press release
2025 Máxima PAYING MORTGAGE INSTALLMENTS WITH WASTE
PUBLIC LECTURE AT UDAYANA UNIVERSITY, BTN
December 10, Media Briefing: Public Lecture
29 Press Release ENCOURAGES YOUNG GENERATION TO EXPLORE
2025 by President Director of BTN
GREEN FINANCING
2025 Annual Report 921
Page 491
08 Corporate Governance
No Month Activity Publication Press Release Title
December 17, Press Conference: BTN and PPATK PROMOTING ADEQUATE HOUSING, BTN AND PPATK
30 Press Release
2025 Renovate Community Homes RENOVATE COMMUNITY HOMES
Press Conference: MoU Signing
December 18, ALLOCATING IDR4,5 TRILLION, BTN AIMS TO BECOME
31 between BTN and Danareksa Press Release
2025 THE PRIMARY BANK SERVING DANAREKSA HOLDING
Holding
December 22, Media Briefing: Cash Availability BTN PROVIDES IDR19,67 TRILLION IN CASH AHEAD
32 Press release
2025 Ahead of Year-End Holidays OF CHRISTMAS AND NEW YEAR
Bulletin
Volume Theme
PARAS Edition I 2025 NO MORE FRAUD
PARAS Edition II 2025 RECORD-BREAKING! BTN JAKARTA INTERNATIONAL MARATHON 2025 ACHIEVES MAJOR SUCCESS
PARAS Edition III 2025 A NEW NAME WITH A NEW SPIRIT
PARAS Edition IV 2025 49 YEARS OF BTN MORTGAGE: REALIZING HOUSING, DRIVING PROGRESS
922 2025 Annual Report
Page 492
PT Bank Tabungan Negara (Persero) Tbk
Transparency In Report Submission
The Company fulfills its obligations to Stakeholders and OJK in accordance with the provisions, including related to
transparency and publication of financial and non-financial conditions as follows:
• Other information aimed at supporting information disclosure, financial education and services to the public BTN
Financial Literacy and Inclusion.
• Report on the Implementation of Financial Literacy and Inclusion Activities in 2025: reported every semester.
During 2025, various Financial Literacy and Inclusion activities that had been reported to the regulators (BI and OJK)
were as follow:
Financial Inclusion Data for 2025
Semester Activities
First Semester 55 activities
Second Semester 102 activities
The detailed Financial Inclusion activities for 2025 are presented as follows:
No. Month Financial Inclusion Activity
1 January 1) Account Opening during the Financial Management Education Session at University of Sulawesi Barat
2) Account Opening during the Financial Management Outreach Program at the Pengadilan Militer Tinggi II
Jakarta
3) Account Opening during the Financial Management Outreach Program at SMPN 1 Kota Tangerang
Selatan
4) Account Opening during the Financial Management Outreach Program at SMK 11 PGRI Kota Tangerang
Selatan
5) Account Opening during the Financial Management Outreach Program at SMPN 22 PGRI Kota Tangerang
Selatan
6) Account Opening during the “Let’s Save” Outreach Program at SMK YMIK
7) Mass Signing Ceremony for Subsidized Mortgage (KPR) – BTN Branch Makassar
8) Mass Signing Ceremony for Subsidized Mortgage (KPR) – BTN Branch Kendari
9) Mass Signing Ceremony for Subsidized Mortgage (KPR) – BTN Branch Palu
10) Mass Signing Ceremony for Subsidized Mortgage (KPR) – BTN Branch Watampone
2025 Annual Report 923
Page 493
08 Corporate Governance
No. Month Financial Inclusion Activity
2 February 1) Account Opening during the Financial Management Outreach Program at Universitas Terbuka
2) QRIS Merchant Onboarding during the Financial Management Outreach Program at Tangsel Night Market
3) Account Opening during the Financial Management Outreach Program with BTN
4) Account Opening during the Digital Financial Management Outreach Program with BTN
5) Account Opening during the Financial Management Outreach Program in RW 20, North Jakarta
6) Account Opening during the Early Financial Literacy Outreach Program at SMKN 5 Tangerang
7) Account Opening during the Financial Management Outreach Program at Griya Sutera Balaraja
8) Account Opening during the Digital Financial Management Outreach Program at State Court of Jepara
9) Account Opening at the Mini Bank of YPI Darusallam Cerme Gresik
10) Account Opening during the Digital Financial Management Outreach Program in collaboration with
Banyuwangi Association of Clinics and Healthcare Facilities.
11) Account Opening during the Digital Financial Management Outreach Program in collaboration with
Religious Court of Surabaya
3 March 1) Financial Literacy Outreach Program at SMKN 2 Kota Tangerang
2) Financial Literacy Outreach Program at SMKN 3 Kota Tangerang
3) Digital Financial Literacy Outreach Program at Green Pramuka Square Mall
4) Account Opening during BTN Goes to Campus Jakarta
5) QRIS Merchant Onboarding at Bogor UMKM Fest
6) Account Opening during the Financial Management Outreach Program for UT Students
7) Account Opening during the Banking Services Outreach Program in collaboration with IAIN Bone
8) Account Opening during the Financial Management and Banking Services Outreach Program in
collaboration with RSUD DR. Hasri Ainun Habibie
9) Mass Signing Ceremony for Subsidized Credit at KCP Palopo
10) Expansion of Priority Segment Network in BTN Pematangsiantar Branch
4 April 1) Account Opening during the Financial Management Outreach Program at State Court of Central Jakarta
2) Account Opening during the Outreach Program on KUR & QRIS for MSMEs under the Maritimepreneur &
Gedor Ekspor Program
3) Account Opening during the Financial Management Outreach Program at BLU Aviation Health Center
4) Account Opening during the Outreach Program on BTN Solutions and Employee Financial Digitalization at
PT Tata Karya Gemilang
5 May 1) Account Opening during the Kick-Off of Financial Literacy Month: “Financial Planning for a Prosperous
Future” for Students of the Faculty of Economics and Business, University of Nusa Cendana
2) Account Opening during GENCARKAN Gowa Regency: Education on the Risks of Illegal Online Lending and
Online Gambling at SMAN 1 Gowa
3) Account Opening during GENCARKAN Bantaeng Regency: Education on Counterfeit Currency and Digital
Finance at SMAN 4 Bantaeng
4) Account Opening during GENCARKAN Pangkajene and Islands Regency: Education on the Risks of Illegal
Online Lending at SMA Semen Tonasa
5) Account Opening during the Financial Management Outreach Program for the eComp3 Community
6) Account Opening during the Financial Management Outreach Program for the Line Dance Bu Bu Gao
Community
7) Account Opening during the Financial Management Outreach Program: Empowering Health Elevating
Prosperity
8) Account Opening during the Financial Management Outreach Program for the Fresh Market PIK
Community
9) Account Opening during the Financial Management Outreach Program for the Residential Community at
Bumi Serpong Indah
10) Account Opening during the Financial Management Outreach Program for Students and Teachers at
SMK 12
11) Account Opening during the Financial Management Outreach Program at PT. Archipelago
12) Account Opening during the Financial Management Outreach Program at UNTIRTA
13) Account Opening during the Financial Management Outreach Program for Students at SMK PGRI 1 Serang
14) Account Opening during the Early Financial Literacy Outreach Program for Students and Teachers at
SMAN 2 Cimahi
15) Account Opening during the Financial Management Outreach Program and Career Knowledge Education
at SMK Mathla'ul Anwar, Babakan Ciparay
6 June 1) Account Opening during the Financial Management Outreach Program at State Court of Kabupaten
Ketapang
2) Account Opening during the Financial Awareness Program on Illegal Online Lending and Various Digital
Financial Crime Schemes at Ministry of Helath Polytechnic Curup, Kab. Rejang Lebong
3) Account Opening during GENCARKAN Sarolangun Regency: BTN Goes to School at SMK Negeri 11
Kabupaten Sarolangun
4) Account Opening during the Financial Management Outreach Program at SMA Negeri 3 Pariaman
5) Account Opening during the Financial Management Outreach Program for Contract-Based Employees
(P3K) of the House of Representatives (DPR)
924 2025 Annual Report
Page 494
PT Bank Tabungan Negara (Persero) Tbk
No. Month Financial Inclusion Activity
7 July 1) Account Opening during the Audience Meeting and Financial Outreach Program at State Court of
Surakarta
2) Account Opening during the Audience Meeting and Financial Outreach Program at University of Indonesia
3) GENCARKAN Gorontalo Regency: Financial Management Outreach Program for Karawo Artisans
4) Account Opening during the Savings Education Program for Students at SMK 11 PGRI Ciledug
5) Account Opening during the Healthy Exercise Event with BTN
6) Account Opening during the Financial Literacy Outreach Program for Students at SMP Al Husna
7) Account Opening under the Cooperation Program of BTN Sharia Solutions with Rumah Sakit Mutiara
Bunda
8) Account Opening under the Cooperation Program of BTN Sharia Solutions with SMK Kesehatan Prima
Nusantara
9) Account Opening during the BTN Sharia Open Booth Event at the Anniversary of Kota Solok
10) Sales Activity of Institutional Products and Sharia Service Offerings at Baznas Kota Cilegon
11) Sales Activity of Institutional Products and Sharia Service Offerings to YYS Al Fathaniyah
12) Sales Activity of Institutional Products and Sharia Service Offerings to the Court of Rangkasbitung
13) Sales Activity of Institutional Products and Sharia Service Offerings to Baznas of Lebak Regency
14) Cooperation on BTN Sharia Products with PT Krakatau Sarana Properti
15) Cooperation on BTN Sharia Products with Indonesian Waqf Board of Banten Province
16) Sales Activity of Institutional Products and Service Offerings of Haqul Yaqin
17) Sales Activity of Institutional Products and Sharia Service Offerings to Baznas of Serang Regency
18) Opening of Sharia Payroll Accounts for Students and Teachers of Pendidikan Cahaya Qur'an Bogor
Foundation
8 August 1) Account Opening during the Financial Education Session at a Business Gathering in Pondok Aren
2) National Financial Literacy Movement (GENCARKAN) in Tegal Regency
3) National Financial Literacy Movement (GENCARKAN) in University Annuqayah, Sumenep Regency
4) Peak Celebration of Indonesia Savings Day and Financial Literacy Month
5) Account Opening during the Savings Education Program for New Students at STMIK Palangkaraya
6) Account Opening under the BTN Solusi Cooperation Program with KPU Padang Panjang
7) Sales Activity of Institutional Products and Service Offerings to Baznas of Pandeglang Regency
8) Sales Activity of Institutional Products and Service Offerings to Ponpes Darul Falah Carenang
9) Open Booth of BTN Sharia at the 2025 National QRIS Week hosted by BI Tegal
10) Cooperation on BTN Sharia Solutions with University of Perintis Indonesia
11) Cooperation on BTN Sharia Solutions with RS M Djamil Padang
12) Cooperation on BTN Sharia Solutions with Baznas of West Sumatera Province
13) Let’s Save Diligently from an Early Age for a Better Future” Program at SDN Tipo Palu
14) Let’s Save Diligently from an Early Age for a Better Future” Program at SD Balai Keselamatan Lekatu
9 September 1) Audience Meeting at State Court of Jambi
2) Audience Meeting at State Court of Tangerang
3) National Financial Literacy Movement for Students at University of Bhinneka PGRI Tulungagung
4) Account Opening during the Financial Management and BTN Juara Savings Outreach Program at
University of Samratulangi Manado
5) Account Opening during the Financial Management and Bale Solusi Outreach Program, including
Account Opening and Bale Activation for P3K Employees at PPN Ambon
6) Account Opening during the Financial Management and Financial Inclusion Outreach Program at Stikes
Pasapua Ambon
7) Account Opening during the Financial Management and BTN Solusi Outreach Program at religious Court
of Sulawesi Selatan
8) Financial and Financial Literacy Outreach Program within State Court of North Jakarta
9) Financial and Financial Literacy Outreach Program within Badilum
10) Account Opening and Implementation of a Mass Housing Loan Signing Ceremony for Bumi Anugerah
Sejahtera 2 Housing Project in collaboration with BlueBird
11) Account Opening during the Hajj and Umrah Savings Product Outreach Program for Majelis Taklim
Padang
12) Account Opening during the Emasku BTN iB Financing Outreach Program at BTN Padang Branch
13) Sales Activity of Institutional Products and Service Offerings to Nurul Fikri Boarding School (NFBS)
14) Sales Activity of Institutional Products and Service Offerings to LPPOM Banten
15) Sales Activity of Institutional Products and Service Offerings to UIN Sultan Maulana Hasanuddin Banten
16) Mass Housing Loan Signing Ceremony for D' Pattiro Hiils Gowa
17) Mass Signing Ceremony for Subsidized iB Mortgage with President Prabowo Subianto
18) Grebek Pasar Event at Anyar Market Bogor
19) Account Opening during the Payroll Savings Outreach Program at Yayasan Anak Bangsa
20) Payroll Savings Outreach Program at Pendidikan Khaliqa Foundation
21) Supporting MSMEs through BTN QRIS in Balikpapan
22) Account Opening during the Memorandum of Understanding (MoU) with Central HKBP
2025 Annual Report 925
Page 495
08 Corporate Governance
No. Month Financial Inclusion Activity
10 October 1) Account Opening at the BTN Booth during Jatim Expo (JI FEST) 2025
2) Account Opening at the Financial Expo (FINEXPO) during Financial Inclusion Month 2025 in Surabaya
3) Account Opening at the Financial Expo (FINEXPO) Makassar 2025
4) Account Opening under the National Financial Literacy Movement (GENCARKAN) for Students at SMAN 1
Basarang Kabupaten Kapuas
5) MASAKO: Account Opening during “Banking Fun Day with BTN” for Kindergarten B Students at Sekolah
Harapan Bangsa Modernland, Tangerang
6) Account Opening at the Financial Expo (FINEXPO) Syafif in Mataram
7) Account Opening under the National Financial Literacy Movement (GENCARKAN) for Students at
Universitity of Islam Tribakti Lirboyo Kediri
8) Account Opening during the Financial Literacy Program at Batik Lestari Heritage for the Earth Event
9) Account Opening during the BTN x Universitas Terbuka Collaboration Event in South Tangerang
10) Account Opening during the Developer Gathering for the Housing Program Credit – Jakarta Region 1:
“Mutual Cooperation in Building Homes for the Indonesian People,” attended by Developers, MSMEs, and
Contractors.
11) Account Opening under the National Financial Literacy Movement (GENCARKAN) for Students at SMK
Tunas Bangsa Tanah Bumbu Regency
12) Account Opening under the National Financial Literacy Movement (GENCARKAN) for Students at SMAN 1
Mempawah Hilir Mempawah Regency
13) Account Opening under the National Financial Literacy Movement (GENCARKAN) for Students at SMK 1
Pelaihari Tanah Laut Regency
14) BebiKu: Account Opening at the BTN Booth during Housing Preneur 2025 – Booth & Talkshow “Eco Tech
Housing: Building a Sustainable Nation”
15) Developer Financial SCM Program
16) BTN Agent Gathering
17) Financial Inclusion Program for Students within Universitas Terbuka Semarang
11 November 1) Refreshment Session on BTN Internal Provisions (eMitra Operations) and Socialization of the 2025 National
Financial Literacy Movement (GENCARKAN)
2) Talk Show: BTN Housing Preneur 2025 Goes to Surabaya – “Housing Innovation for a Resilient and Inclusive
City”
3) National Financial Health Event
4) Financial Health Literacy Program for Debtors during the Mass Signing Ceremony in the Agenda of the
Visit of Queen Máxima of the Netherlands – Client Visit at Housing Project
5) IFinancial Inclusion Program at the Talk Show “BTN Housing Preneur 2025 Goes to Medan: Building
Innovative Housing in a Metropolitan City of Sumatra
6) Account Opening during the Bale Solusi Outreach Program with the executives of University of Khairun
7) Account Opening during the BTN Solusi & Graha Hakim Outreach Program under the IKAHI Program at
Religious Court of Kendari
8) Account Opening during the BTN Solusi & Graha Hakim Outreach Program under the IKAHI Program at
State Court of Sidenreng Rappang
9) Account Opening during the BTN Solusi Outreach Program at Poltekpel Salodong Makassar
10) Account Opening during the Graha Hakim Program Outreach in collaboration with Religious Court of
Maros
11) Customer Acquisition through Financial Education for Indonesian Migrant Workers (PMI)
12) Acquisition of BTN Sharia Subsidized Mortgage (KPR)
13) Disbursement of Subsidized and Non-Subsidized Mortgage Loans
14) ONE FOR ALL: One Merchant for All Acquisition (bale merchant)
12 December 1) IDisbursement of Subsidized and Non-Subsidized Mortgage Loans (Millenial Developers)
2) Financial Inclusion: “Small Steps Toward a Bright Future” at SMK NU Doro Pekalongan
3) Public Lecture “FinSavvy: Green Financing in the Digital Era for a Sustainable Economy” for Students and
Management of University of Udayana Denpasar
4) Account Opening during the IKAHI Program Outreach at Religious Court of Parepare
5) Account Opening during the Graha Hakim Outreach Program under IKAHI Gorontalo
6) Account Opening during the BTN Solusi Outreach Program at State Court of Enrekang
7) Acquisition of BTN Laku Application Users
8) Financial Inclusion Program for Students at University of Wahid Hasyim
9) Expansion or Relocation of BTN Sharia Office Network
10) Expansion or Relocation of BTN Office Network
11) Enhancement of Accessibility Facilities for Persons with Disabilities at BTN Outlets
12) Expansion of Priority Segment Network at Indonesia Stock Exchange
13) Bale Santap Festival
14) GASPUL (Corporate/ Institutional Outreach Movement Program)
15) Implementation of the Low-Emission Housing Project Outreach Program
16) Bale Ecosystem Program
17) Credit Acquisition through BTN Properti
926 2025 Annual Report
Page 496
PT Bank Tabungan Negara (Persero) Tbk
Code of Conducts and ethically by using basic principles that refer to the
vision, mission, and values as well as applicable internal
The Code of Conduct is a manifestation of the Company’s and external regulations.
commitment to ensure the application of high standard
GCG that refers to the best practices of credible and Vision, Mission and Corporate Culture
trusted banking institutions. Credibility and trust from Values as The Foundation of The Code
the public, shareholders and customers are determining of Conduct
factors for the development and continuity of the
Company’s business. The Company’s business activities The Company has formulated several policies that serve
must comply with applicable laws and regulations and as ethical and behavioral guidelines for each element
uphold norms and ethics. Awareness of good ethics of the Company in performing business activities.
implementation will enhance and strengthen the The Company strives to apply ethical and behavioral
positive image of the Company and make it recognized standards in all of its business activities in accordance
as a Good Corporate Citizen. Therefore, the Company with its vision, mission, and cultural values through the
always upholds its integrity by preserving and applying enforcement of the Code of Conduct.
the Code of Conduct as the basis of the attitudes and
actions of all Company personnel to work professionally
Vision and Mission Business Ethics Standards
Company Code of Conduct
Cultural Values Standards of Conduct
VISION MISSIONS
Being the government's key partner in housing and financial
1 inclusion.
“A Key Partner in
Providing the best customer experience through integrated
the Indonesian 2
digital and financial services.
Families Financial 3
Increasing shareholder value with sustainable profitability
growth.
Empowerment.”
4 Being a home for Indonesia's best talents.
Implementing good corporate governance practices and
5 sustainable business innovation for community welfare and
environmental sustainability
2025 Annual Report 927
Page 497
08 Corporate Governance
Corporate Culture Values
Corporate culture values are reflected in the AKHLAK culture as the Company’s core values and consist of 18 core
behavioral guidelines as follows:
Culture Value Main Conduct AKHLAK
• Fulfill promises and commitments;
• Take responsibility for the decisions, tasks and
Hold fast to the
Trust trust given
actions
• taken;
• Adhere to moral and ethical values.
• Increase self-competence to respond to
ever-changing
Continue to learn to
Competent develop capabilities
• challenges;
• Help others learn;
• Completing tasks of the highest quality
Caring for each • Respect everyone regardless of background;
Harmonious other and respecting • Likes to help others;
differences • Building a conducive work environment.
• Maintaining the good name of fellow employees,
leaders,
Dedicated and • BUMN and the State;
prioritizing the • Willing to make sacrifices to achieve a greater
Loyal interests of the nation goal;
and state • Obey the Leaders as long as it does not conflict
with law
• and ethics.
• Quickly adjust to become better;
Continue to innovate
• Continuously making improvements following
and be enthusiastic
Adaptive in moving or facing
technological
• developments;
change
• Act proactively
• Providing opportunities for various parties to
contribute;
• Open in working together to produce added
Collaborative Build synergies
value;
• Mobilizing the use of various resources for
common goals.
Contents of The Code of Conduct
The Code of Conduct contains ethical and behavioral standards for the Company as a business entity and all its
elements in interacting with various internal and external interested parties. The application of the Code of Conduct
aims to realize ideal behaviors that develop into a work culture based on the noble values believed by the Company.
The Code of Conduct is summarized into 4 chapters which are briefly described as follows:
928 2025 Annual Report
Page 498
PT Bank Tabungan Negara (Persero) Tbk
01. Introduction This Code of Conduct is the codification or a compilation of policies, employee regulations, and agreements
that have been jointly established between the Company and employees who will influence, shape, and set
forth the standards of behavior, both for Management and employees in performing all business activities.
The implementation of the Code of Conduct, either Compliance or Non-Compliance, becomes one of the
aspects assessed in the employee’s performance appraisal. Therefore, the Code of Conduct will always be used
as a guideline in the formulation of policies, manuals/procedures and management practices in the Company.
The consistent application of the Code of Conduct will demonstrate the Company’s efforts in upholding noble
business values and ethics in conducting business, while simultaneously reinforcing the principles of Good
Corporate Governance.
02. Business Ethics 1. Ethics within The Employees
Standards a. Equal Treatment of Employees
b. Employee Duties and Activities Beyond Banking Operations
c. Restriction on Employees’ Participation in Company’s Securities Transactions
d. Employees’ Compliance
e. Working Environment
f. Employees’ Feedback Channel.
2. The Company Ethics with Customers
The Company is committed to maintaining customer satisfaction and trustby offering high-quality products
and services, providing excellent service, conducting honest and fair promotions, and safeguarding
customers’ personal data.
3. The Company Ethics with Goods and Services Providers
In the procurement of goods and/or services, the Company must adhere to the principles of efficiency,
effectiveness, competition, transparency, fairness, and accountability. Additionally, the expected ethical
conduct includes responsibility, professionalism, maintaining confidentiality, avoiding conflicts of interest,
and preventing waste and abuse of authority. The selection of providers must follow a fair and open process,
and neither accepting nor offering gifts related to procurement is permitted.
4. The Company Ethics with The Competitor
The Company uses competition as motivation to continuously improve performance. To this end, the
The Company takes several measures, such as complying with anti-monopoly laws, conducting market
research, avoiding the abuse of dominant positions, and competing fairly by prioritizing high-quality
products and services.
5. The Company Ethics with Partne
The Company highly appreciates respect and trust in order to maintain relationship with partners and
committed to collaborate, obey the rules, achieve a maximum result, communicate intensively, and provide
fair opportunities without any discrimination Bank Ethics with Government and Bank Regulator.
6. The Company Ethics with Government and Bank Regulator
The Company is committed to complying with applicable laws and regulations.
7. The Company Ethics with Society
The Company is committed to making a positive contribution to sustainable economic development, with
a focus on social responsibility and balancing economic, social, and environmental aspect.
8. The Company Ethics with Media
The Company utilizes the mass media as a strategic partner in promoting and building a favorable
corporate image.
9. The Company Ethics and Professional Associations
The Company fosters a collaborative relationship with professional organizations and regulatory bodies to
share information, experiences, and discuss business developments, as well as to seek optimal solutions to
common challenges.
03. Behavioural 1. Employees should consistently avoid any condition, situation or appearance of a conflict of interest or misuse
Standard Policy of office.
2. All members of the Board of Commissioners and Directors, as well as Company employees. are prohibited
from giving or receiving anything for personal benefit, directly or indirectly, from business partners that may
influence decisions.
3. The Company is committed to healthy and ethical business competition, providing equal opportunities and
promoting sustainable business practices, in accordance with relevant laws and regulations.
4. The Company’s organizational units and employees must comply with all applicable laws and regulations
04. Implementation 1. Every the Company employee must report any fact of deviation from the Corporate Code of Conduct to the
and Enforcement Human Capital Management & Culture Specialist Division and the reporter’s identity is protected.
2. The Human Capital Management & Culture Specialist Division follows up on each report and submits the
results of its study to the Board of Directors and/or Commissioners in accordance with the scope of their
responsibilities.
3. Ultimately, the Board of Directors and Commissioners decide on the provision of coaching actions, disciplinary
sanctions and/or corrective and preventive actions that must be implemented by direct superiors in their
respective environments.
2025 Annual Report 929
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08 Corporate Governance
Compliance with The Code of Ethics Efforts to Implement and Enforce The Code
of Conduct
The Code of Conduct applies to the Board of
Commissioners, the Board of Directors, and Employees The Company imposes firm and consistent sanctions
in carrying out all business activities of the Company for violations of the Code of Conduct Guidelines. Efforts
and in interactions between the Commissioners, in the implementation and enforcement of the Code
Directors, and Employees with all stakeholders. The of Conduct are set out in Special Policy Number KK.3-C
formal declaration of the Code of Conduct’s applicability concerning Employment Regulation and Administration.
across all organizational levels is stipulated through the The enforcement of violations committed by the Board
Joint Decree of the Board of Commissioners Number of Commissioners and the Board of Directors, along with
01/SKPB/KOM/BTN/2024 and the Board of Directors the corresponding sanctions, refers to the Company’s
Number SKPB-01/DIR/BTN/2024 concerning the Business Articles of Association and GMS resolutions. Meanwhile,
Ethics and Conduct Guidelines (Code of Conduct) of PT the imposition of sanctions on employees is carried
Bank Tabungan Negara (Persero) Tbk. The Company out in accordance with the prevailing employment
mandates the signing of a corporate statement of regulations. All employees are required to complete and
commitment to the Code of Conduct, known as the sign an Integrity Pact in line with the values of the Code
Integrity Pact, which must be duly implemented. The of Conduct. Throughout 2025, the Company undertook
successful enforcement of the Code of Conduct is various efforts to implement and enforce the Code of
the responsibility of all leaders within their respective Conduct, including the following:
work units. Therefore, all unit leaders are required to 1. Completion and signing of the Integrity Pact by all
provide a clear understanding of the Code of Conduct’s employees in accordance with the Code of Conduct
implementation to employees within their respective values;
work environments. 2. nternalization of the Code of Conduct, Gratification
Control and Anti-Bribery Management System
In accordance with the Circular Letter of PT Danantara (SMAP) to all Employees through Learning
Asset Management (Persero) Number SE/002/DI- Management System – BTN Best.
DAM/DO/2025 dated October 31, 2025 concerning the Cooperating with the KPK through the Professional
Guidelines on Conduct and Professionalism of the with Integrity (PROFIT) program which includes
Board of Directors and the Board of Commissioners, competent HR to build integrity in preventing
the Company has established a policy for the Board of corruption within the Company through participation
Commissioners and the Board of Directors in the form of in training as an Integrity Building Expert (API) and in
a Joint Decree of the Board of Commissioners Number collaboration campaign with the KPK on preventing
01/SKPB/KOM/BTN/2025 and the Board of Directors corruption through various communication media
Number SKPB-01/DIR/BTN/2025 dated November channels.
28, 2025 regarding the Guidelines on Conduct and 3. Implementation of the Gratification Control Program
Professionalism of the Board of Commissioners and the in accordance with the established Work Plan and
Board of Directors. reporting its implementation to the KPK.
4. Managing gratification reports from all work units
Socialization of The Code of Conduct and reporting them to the KPK in accordance with
and The Enforcement Efforts Socialization the provisions.
of The Code of Conduct 5. Implementation of a refreshment program on
compliance with fair business competition principles.
The Code gof Conduct is disseminated to all employees 6. Implementing ISO 37001:2016 Anti-Bribery
of the Company through BTN Best media and a Code Management System (SMAP) as a manifestation of
of Conduct quiz is provided to determine employee Business Ethics and Behavior listed in the Code of
understanding of the Code of Conduct. Commitment to Conduct.
the Code of Conduct implementation is also stated in 7. Implementing the Whistleblowing System (WBS)
the Integrity Pact which must be signed by all Directors, program.
Commissioners and Employees of the Company. In 8. Punishment for employees who violate business
addition, the Code of Conduct can also be accessed ethics.
by all of the Company’s Stakeholders through the 9. Other Code of Conduct Implementation and
Company’s website. Enforcement Efforts.
To ensure compliance with the Code of Ethics during the
2025 period, any suspected or actual violations of the
Code of Ethics have been audited or investigated by the
Internal Audit Unit.
930 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Type of Sanctions of Code of Conducts
The Company classifies sanctions for each violation of the Code of Conduct in two types, namely:
1. Administrative sanctions
Sanction Types of Construction
Sanctions
Category Sanctions Period
Light Sanctions Light Letter A Verbal warning 3 (three) months
Light Letter B Written warning
Light Letter C Statement of dissatisfaction
Medium Sanctions Medium Letter A Ineligibility to receive leave allowance 1 (one) year
Medium Letter B Ineligibility to receive periodic salary adjustment
Medium Letter C Demotion by 1 (one) person grade (with corresponding adjustment
to base salary)
Heavy Sanctions Letter A Weight Demotion by a minimum of 2 (two) person grades 2 (two) years
(with corresponding adjustment to base salary)
Letter B Weight Termination of employment
Letter C Weight Termination of employment and reporting to the competent
authorities.
2. Financial Sanctions
Financial sanctions mean compensating for all financial losses that arise as a result of a disciplinary violation.
Number of Violations and Sanctions Given
Number of Sanctions Per Year
Total Sanctions
Sanction Types of
No in the Last
Category Sanctions
5 Years
2021 2022 2023 2024 2025
Light Letter A 14 9 11 4 20 58
Light
1 Light Letter B 28 5 15 15 25 88
Sanctions
Light Letter C 35 6 11 0 0 52
Medium Letter A 54 8 15 8 24 109
Medium
2 Medium Letter B 21 10 12 20 14 77
Sanctions
Medium Letter C 16 11 10 0 0 37
Letter A Weight 5 3 1 3 4 16
Heavy
3 Letter B Weight 19 44 43 27 42 175
Sanctions
Letter C Weight 3 3 1 4 5 16
TOTAL 195 99 119 81 134 628
2025 Annual Report 931
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08 Corporate Governance
Policy of Long-Term Performance • LTI Vesting 1 in 2020 was granted at a maximum
based Compensation to Management of 50% of the total share purchase budget over
three years, with 58,983,900 shares purchased
PERFORMANCE-BASED LONG-TERM COMPENSATION at an average price of IDR958,55 per share and
POLICY FOR MANAGEMENT distributed to 549 LTI recipient employees. The
shares are locked up until 2024.
The policy on performance-based long-term • LTI Vesting 2 in 2021 was granted at a maximum
compensation for Management is regulated of 25% of the total share purchase budget over
in Special Policy KK 3.B dated October 31, 2023, three years, with 15,936,000 shares purchased
concerning Remuneration. The implementation of at an average price of IDR1,566.62 per share and
performancebased long-term compensation includes: distributed to 599 LTI recipient employees. The
1. Long Term Incentive (LTI) shares are locked up until 2025.
Long-Term Incentives (LTI) are a compensation • LTI Vesting 3 in 2022 was granted at a maximum
component linked to the achievement of long-term of 25% of the total share purchase budget over
performance. This reward component is variable, three years, with 18,957,000 shares purchased
as its implementation considers the realization of at an average price of IDR1,728.50 per share and
performance achievements. The objectives of LTI distributed to 690 LTI recipient employees. The
include: shares are locked up until 2026.
a. To ensure that the Bank has policy guidelines and
procedures for granting LTI to Employees. In 2025, open locked up LTI Vesting 2 was carried out
b. To provide policy guidelines for Long-Term for 518 employees with a total of 14,045,500 shares
Incentives (LTI) for Employees. purchased at an average of IDR 1,566.62/share.
c. To enhance the bank’s long-term performance
through accelerated work execution and the 2. Long-Term Bonus
realization of the company’s strategic initiatives. The Long-Term Bonus is granted to employees at the
d. To provide appreciation to PKWTT Employees managerial level or those holding strategic positions
who have contributed to the achievement of the within Person Grade 4A to 5B, with a lock-up period
Bank’s performance. of up to three (3) years until 2026. The budget
e. To serve as part of the employee retention policy. allocated for the Long-Term Bonus program is IDR100
billion, distributed to 239 employees in the form of
The Long-Term Incentive (LTI) program has been the Company’s shares. In 2025, the Company also
in place since 2020 and is granted in three vesting conducted the open lock-up of long-term bonuses
periods: vesting 1 in 2020, vesting 2 in 2021, and on a proportional basis for 191 employees, totaling
vesting 3 in 2022. Each vesting is subject to a share 3,724,800 shares.
lock-up period of three years, extending until 2026.
3. Head Stock Incentive for Sub Branch Heads
LTI is granted to employees in key positions or roles The Stock Incentive Rewards are granted to Sub
that have a strategic function in aligning corporate Branch Heads (SBH) who fall under the “Productive”
objectives while also supervising and controlling and “Highly Productive” categories, based on the
performance achievement in their respective criteria and parameters set by the Company. In
Divisions/Regional Offices/Branch Offices. These 2025, open lock rewards of shares were given to
positions include structural roles such as Division 32 Sub Branch Heads (SBH) with a nominal value
Head, Regional Office Head, Branch Head, Sharia of Rp575,383,787, purchased at an average of
Branch Head, Deputy/Vice Division Head, Deputy Rp1,342.50 per share and converted into 428,600
Regional Manager Business, Deputy Regional shares. The locked-up period was one (1) year, and
Manager Support, Department Head, Deputy Branch the locked-up shares were opened in 2025.
Manager, Deputy Service Manager, Commercial
Banking Center (CBC) Head, CBC Manager, In the administration and management of shares,
Commercial Risk Head, Commercial Risk Manager, including share purchases and distribution processes,
Regional Loan Processing Center (RLPC) Head, as the Company collaborates with two securities firms,
well as equivalent L1 and L2 positions as determined Bahana Sekuritas and Mandiri Sekuritas.
by the Board of Directors.
932 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Description of compensation in the form of shares is 5. In case the reported party is a commissioner and/or
presented in the Sub-Chapter on Governance in the committee under the Board of Commissioners, the
Provision of Remuneration. In addition, in accordance Independent WBS Manager will submit a report to
with OJK Regulation Number 45/POJK.03/2015 the Commissioners and Committee Members under
concerning the Implementation of Governance in the the Board of Commissioners who are not related to
Provision of Remuneration for Commercial Banks. The the complaint and the WBS Manager of the Ministry
Company also has a variable remuneration scheme that of State-Owned Enterprises (BUMN) (specifically
is deferred (Malus) or withdraws variable remuneration when the reported party is the Commissioner).
that has been paid (Clawback) to officials who are 6. In case the reported party is a joint Commissioner,
classified as Material Risk Takers (MRT). This has been the Independent WBS Manager will submit a report
presented in the Sub-Chapter on Governance in the to the WBS Manager of the Ministry of State-Owned
Provision of Remuneration. Enterprises (BUMN).
7. In case the reported party is the Directors and/
or Commissioners of a Subsidiary Company, the
Whistleblowing System Independent WBS Manager will submit a report to
the President Director of the Bank.
The Company’s Whistleblowing System (WBS) Policy
is guided by Minister of State-Owned Enterprises The Bank has established supporting infrastructure in
Regulation No. PER-2/MBU/03/2023, on Guidelines implementing the WBS policy, whereby whistleblowers
for Governance and Significant Corporate Activities may submit reports through the following channels:
of State-Owned Enterprises, and Financial Services 1. Mail: BTN SIIPS PO Box 2828 JKP 10028
Authority Regulation (POJK) No. 12 of 2024, dated July 2. Website: https://idn.deloitte-halo.com/btnsiips
23, 2024, on Implementation of Anti-Fraud Strategies 3. Email: btnsiips@tipoffs.info.
for Financial Institutions.. The Company’s WBS is part of 4. SMS: +62 813 8870 1117
the internal control system in preventing the occurrence 5. Whatsapp: +62 813 8870 1117
of irregularities and purposes to detect early and 6. Telephone: +62 21-50928882
prevent the occurrence of irregularities or violations 7. Facsimile: +62 21-50928883
and gradually create an open, sincere, honest and
responsible work climate in the Company. Whistleblower Protection
Submission Mechanism of Violation Reports The Company is committed to protect to every
and WBS Channel whistleblower. Protection to the Whistleblower is provided
to support the courage of the Whistleblower in reporting
The mechanism for submitting reports of violations alleged violations and/or if there is retaliation from the
through the Whistleblowing System (WBS) is carried Reported Person. For whistleblowers who submit WBS
out by preparing a complaint/disclosure report and reports that are recognized for their accuracy and good
submitting it based on the indication of who committed faith, the Company can provide protection guarantees
the alleged violation, including: as follows:
1. In case the Reported Party is the Company’s 1. Provision of free and confidential WBS Reporting
employee up to 2 (two) levels below the Board of Media. The reporter will get information on the status
Directors and is not a member of the Company’s of the WBS report submitted by the Independent WBS
WBS Team, the Independent WBS Manager will Manager through the designated media.
submit a report to the Company’s WBS Team. 2. Guarantee of confidentiality of the Whistleblower’s
2. In case the reported party is a Company employee identity, except if there is a lawsuit that requires this
1 (one) level below the Directors and is not part of identity to be disclosed before a judge.
the WBS Team, the Independent WBS Manager will 3. Protection from countermeasures from the Reported
submit a report to the President Director. Person. This protection may include:
3. If the reported party is the WBS Team, then the a. Physical and/or psychological protection of both
Independent WBS Manager will submit a report to oneself and one’s family.
the Main Director. b. Protection of their property and family property
4. If the reported party is the Board of Directors, the against terror or retaliation that must be
Independent WBS Manager will submit a report to experienced.
the Board of Commissioners and WBS Manager of
the Ministry of State-Owned Enterprises (BUMN).
2025 Annual Report 933
Page 503
08 Corporate Governance
c. Administrative protection in the form of postponement of promotion, dismissal, exclusion from the workplace,
inappropriate transfers, including job security, etc.
d. Legal protection, in terms of litigation process based on the applicable provisions.
The Handling of Complaints
The Company has collaborated with Corruption Eradication Commission (KPK) of the Republic of Indonesia regarding
WBS handling in an effort to eradicate corruption. The collaboration purposes to build and improve the effectiveness
and efficiency of handling complaints both internally and externally that are integrated in a professional, transparent,
accountable manner by prioritizing confidentiality in the context of optimizing the eradication of corruption.
Every coming reports will be followed-up by WBS Team with the following mechanism:
1. If the Reported person is a Company employee (up to 2 levels below the Board of Directors and not the WBS Team)
Reporter Independent WBS Manager WBS Team Special Audit Team Related Work Units
Start
No 7b. WBS report out
of scope
2. Input WBS
1. WBS report 4. Analysis
Application
WBS report
in scope/out 7a. WBS reportin
of scope scope
3. Classify
WBS report
5. Sufficient
Yes Yes
Information
WBS report
in scope/out
of scope
12a Provide 6. Eligible Special 8a. Follow-up 8b. Follow-up
Feedback Audit
9. Memo/other
Additional 11. Ask the reporter to documents
information complete the information Tidak following up the
WBS report
10. Closing Status
12b. Not 13. Informing reporting Report
Providing does not provide
Feedback feedback
Finish
934 2025 Annual Report
Page 504
PT Bank Tabungan Negara (Persero) Tbk
2. The Reported Person is a Company employee (1 level below the Board of Directors) and not the WBS Team.
Reporter Independent WBS Manager President Director Special Audit Team Related Work Units
7b. WBS report
Start No out of scope
2. Input WBS
1. WBS report 4. Analysis
Application
WBS report 7a. WBS report in
in scope/out scope
of scope
3. Classify WBS
Reports
5. Sufficient
Information Yes Yes
WBS report
in scope/out of
scope
13a. Provide 8a. Followup 8b. Follow-up
6. Eligible Special
Feedback Audit
9. Memo/other
12. Ask the reporter
Additional documents
to complete the
information No following up the
information
WBS report
15. Receiving
13b. Not 14. Informing reporting information
Providing does not provide without feedback
Feedback feedback
10. Directions for
11. Closing
closing the Status
Finish Status
Report
Report
2025 Annual Report 935
Page 505
08 Corporate Governance
3. If the Reported Person is the WBS Team.
Reporter Independent WBS Manager President Director Tim Auditor Eksternal Related Work Units
7b. WBS report
Start
No out of scope
2. Input WBS
1. WBS report 4. Analysis
Application
WBS report
7a. WBS report in
in scope/out of
scope
scope
3. Classify WBS
Reports
WBS report
5. Sufficient
in scope/out
Information
of scope
Yes Yes
No
13a. Provide 6. Eligible Special
Feedback Audit 8a. Follow-up 8b. Follow-up
9. Memo/other
12. Ask the reporter
Additional documents
to complete the
information following up the
information
WBS report
13b. Not 14. Informing 15. Receiving
Providing reporting does not information
Feedback provide feedback without feedback
11. Closing 10. Directions for
Finish Status closing the Status
Report Report
936 2025 Annual Report
Page 506
PT Bank Tabungan Negara (Persero) Tbk
4. If the Reported Person is a Director.
Special Audit
Independent WBS Team of Internal President Related Work
Reporter Bboard of Commissioners BP BUMN
Manager Audit/External Director Units
Audit Team
Start
13. WBS 15. WBS
report out of report out of
scope scope
2. Input WBS
1. WBS report 5. Analysis
Application
WBS
14. Directions
report
8. WBS report 4. WBS report in for follow-up
in scope/
in scope scope to the WBS
out of
report
scope
3.Classifying WBS
Reports
6. Sufficient
Information Yes No
WBS report
in scope/out 16. Follow Up
of scope
19a. Provide 7. Eligible
Feedback 9. Follow Up Finished
Special Audit
18. Ask the reporter No Yes
to complete the
information
Additional
10. Memo/other
information 17. WBS report
documents
follow-up
following up
document
the WBS report
20. Informing
19b. Not reporting does not
Providing provide feedback 21. Receiving
Feedback information
without feedback
12. Closing 11. Directions for
Status closing the Status
Report Report
Finish
2025 Annual Report 937
Page 507
08 Corporate Governance
5. If the Reported Person is a Commissioner and/or Committee below the Board of Commissioners.
Commissioners who
SKAI Special
are not related to the
Independent WBS Audit Team/ President Related Work
Reporter complaint and are not BP BUMN
Manager External Auditor Director Units
members of the relevant
Team
committee
Start
13. WBS 15. WBS
report out of report out of
scope scope
2. Input WBS
1. WBS report 5. Analysis
Application
WBS
report 14. Directions
in scope/ 8. WBS report 4. WBS report in
for follow-up
out of in scope scope related to the
to the WBS
scope Board of Directors
report
3. Classify WBS
Reports
6. Sufficient
Information Yes No
WBS report 16. Follow Up
in scope/out
of scope
19a. Provide 7. Eligible
Feedback 9. Follow Up Finish
Special Audit
18. Ask the reporter No Yes
to complete the
information
Additional 10. Memo/other 17. WBS
information documents report
following up follow-up
the WBS report document
19b. Not 20. Informing
Providing reporting does not 21. Receiving
Feedback provide feedback information
without feedback
12. Closing 11. Directions for
Status closing the Status
Report Report
Finish
938 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
6. If the Reported Person is a Joint Commissioner.
Reporter Independent WBS Manager BP BUMN
Start
4. Receive WBS results
1. WBS report 2. Input WBS Application
5. WBS in scope/out of scope report
3. Classify WBS Reports
WBS report
in scope/out of scope
6. Follow up to determine steps for handling WBS
reports according to the authority held
8.Closing Status Laporan 7. WBS Report Closing Directions
Finish
2025 Annual Report 939
Page 509
08 Corporate Governance
7. If the Reported Person is a Board of Directors and/or Commissioner of a Subsidiary
Special Audit Team / President Director of
Reporter President Director of the Bank Direktur Utama Bank
Subsidiary Company Audit Team Subsidiary Company
7b. WBS report
Start
out of scope
No
2. Input WBS
1. WBS report 4. Analysis
Application
WBS report 7a. WBS
in scope/out report in
of scope scope
3. Classify WBS
Reports
5. Sufficient
Information Yes Yes
WBS report
in scope/out
of scope
13a. Provide 6. Eligible Special 8a. Followup 8b. Follow-up
Feedback Audit
9. Memo/other
12. Ask the reporter
Additional documents
to complete the No
information following up the
information
WBS report
15. Receiving
13b. Not 14. Informing information
Providing reporting does not without feedback
Feedback provide feedback
10. Directions for
11. Closing
closing the Status
Finish Status
Report
Report
940 2025 Annual Report
Page 510
PT Bank Tabungan Negara (Persero) Tbk
Types of Violations That May Be Reported the Company’s organization. In addition, in managing
complaints received through the WBS channel, the
The violation in question is an act that is against the law, Company is assisted by an independent third party, PT
unethical/ immoral acts or other actions that can harm DC Solutions, which provides an opportunity to report
the organization or stakeholders. Several examples alleged violations, whether anonymously or non-
of violations and/or irregular practices that may be anonymously.
reported based on the WBS policy include the following:
1. Behavior - Lifestyle Whistleblowing System Socialization
2. Fraud
3. Conflict of Interest The Company internalized the WBS through the
4. Abuse of Authority distribution of the Guidelines for the Implementation
5. Bribery/Bribery of the Whistleblowing System Policy as stipulated
6. Gratuity in the Company’s Policy. Furthermore, to reach all
7. Blackmail stakeholders, dissemination of the Whistleblowing
8. Miscellaneous Violations of Law System was also conducted through the Company’s
website and various media, such as posters, standing
Violation Report Management banners, and computer wallpapers.
The WBS Management Structure consists of the Person Total Complaints and Complaints Processes
in Charge of implementation and the WBS Team. The
Person in Charge of implementation is the President In 2025, the Company received 276 complaints,
Director while the WBS Team consists of: consisting of 99 complaints submitted via SMS/
1. Head of Internal Audit Work Unit Telephone/WhatsApp and 177 complaints submitted
2. Deputy Head of Internal Audit Work Unit via Email/Website/P.O. Box. Of the total complaints
3. WBS management Unit led by a Head of Department received, A total of 43 complaints have been proven, 227
in the Internal Audit Work Unit complaints have not been proven, and 6 complaints are
currently in the data collection process. (According to
The WBS Management Unit is a unit under the Internal the Internal Audit Division Activity Report for Quarter IV
Audit Work Unit responsible for handling all processes of 2025). Details of complaints followed up through the
related to the implementation of WBS duties within audit process in recent years include:
Table of WBS Complaints Forwarded to the Audit Process
Submission Method Follow Up
Letter/ SMS/ Email/ Report Report still in The report has Report forwarded
PO BOX Telephone/ Website closed the process been processed to Investigators
Years /WA (not (Audit and/or has (related to
proven) Process/ been completed criminal acts
Reporting given sanctions general or
Process/ (including Corruption)
Cross Division sanctions
Process) administrative)
2021 0 2 3 0 0 5 0
2022 0 1 1 0 2 0 0
2023 0 1 4 0 0 5 0
2024 0 0 3 0 1 2 0
2025 0 0 1 0 0 1 0
2025 Annual Report 941
Page 511
08 Corporate Governance
Anti-Corruption Program 3. SME Credit Restructuring at the following Regional
Offices: West Java Regional Office (Kanwil Jabar)
Company was committed to eradicating corruption Jakarta II Regional Office (Kanwil Jakarta II) East
by encouraging the effectiveness of gratituity control Java, Bali, and Nusra Regional Office (Kanwil
policies implementation, the Whistleblowing System, Jatim Bali Nusra) Sumatra Regional Office (Kanwil
Management of the Report Assets of the State Sumatera) Sulawesi, Maluku, and Papua Regional
Administrator (LHKPN), as well as the Anti-Money Office (Kanwil Sulawesi Maluku Papua) Central Java
Laundering Program (AML) and Counter-Terrorism and Yogyakarta Regional Office (Kanwil Jateng DIY)
Financing Program (CFT). Additionally, the Company 4. Wholesale Credit Risk Division (WRD).
supported the Anti-Corruption Program through various 5. Business Banking Division (BBD).
initiatives, including: Surveillance Certification and 6. Commercial Banking Center (Jakarta Raya, Bintaro
Extended Scope of ISO 37001:2016 for the Anti-Bribery Jaya, Bekasi, and Bandung).
Management System (SMAP), Compliance Assessment 7. Credit Operation Division (COD).
on the implementation of ISO parameters, Participation 8. Commercial Asset Management Division (CAMD).
in the Certification of Integrity Builders Experts (API) 9. Jakarta Harmoni Branch Office.
and Anti-Corruption Educators Certification (PAKSI), API
PAKSI BTN Empowerment Program, Family with Integrity The implementation of ISO 37001:2016 Anti-Bribery
Program, Establishment of the BTN Anti-Corruption Management System (SMAP) certification is based on
Competency Testing Center (TUK), Commemoration the Letter from the Minister of State-Owned Enterprises
of International Anti-Corruption Day (Hakordia), and of the Republic of Indonesia No. S-17/S.MBU/02/2020
Integrity Assessment Survey. regarding the ISO 37001:2016 Anti-Bribery Management
System (SMAP) Certification in SOEs. In addition, the
Programs and Procedures Conducted Company has established internal policies, namely
to Resolve Corruption Practices Special Policy Number KK.6-E concerning the Anti-
Bribery Management System Guidelines, updated on
Anti-Bribery Management System May 8, 2025, and Technical Instruction Number PT.6-E.1
concerning the Procedures for Implementing the Anti-
Bribery Management System dated May 8, 2025.
To maintain the ISO 37001:2016 ABMS certification, a
Surveillance Audit was conducted on October 8–9,
2025, covering the following divisions and units:
Procurement and Fixed Asset Management Division
(PFAD), Commercial Banking Division (CMBD), Corporate
Banking Division (CBD), SME Restructuring (West Java,
Jakarta II, East Java Bali Nusra, Sumatra, Sulawesi Maluku
Papua, Central Java DIY Regional Offices), Wholesale
Credit Risk Division (WRD), Small Medium Enterprise
Banking Division (SMBD), Credit Operation Division
(COD), and Commercial Banking Centers (Jakarta Raya,
Bintaro Jaya, Bekasi, and Bandung). The Company
successfully maintained its ABMS certification following
In line with its commitment to combating corruption, the surveillance audit conducted by the ISO 37001:2016
BTN obtained ISO 37001:2016 Anti-Bribery Management Certification Body. Furthermore, as part of continuous
System (SMAP) certification on August 11, 2020, issued improvement efforts, the Company expanded (extended
by the SNI ISO 37001:2016 Certification Body for the scope) the ISO 37001:2016 ABMS certification. An audit
implementation of ISO 37001:2016 within the Company. was conducted on October 8–9, 2025, covering the
In 2025, the scope of the ISO 37001:2016 Anti-Bribery Commercial Asset Management Division (CAMD) and
Management System (SMAP) certification includes: Jakarta Harmoni Branch Office. As a result, the Company
1. Pengadaan Procurement of goods and/or services obtained an expanded certification scope, bringing the
at the Procurement and Fixed Asset Management total to 18 certified implementation scopes under ISO
Division (PFAD). 37001:2016 ABMS.
2. Commercial Credit in the Commercial Banking
Division (CMBD) and Corporate Banking Division To implement the effectiveness of the implementation
(CBD). of the Anti- Bribery Management System (SMAP), the
Company has an Anti-Bribery Management System
(SMAP) organization based on SNI ISO 37001:2016
942 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
consisting of Governing Body, Top Management manner. The Company had also implemented SNI ISO
and Anti-Bribery Compliance Function (FKAP). In this 9001:2015 Quality Management System, namely the
case, Governing Body is the authority of the Board audit process in the Internal Audit Division, the KPR
of Commissioners while the FKAP functions in the process in the Non-Subsidized Mortgage & Personal
Compliance and Governance Divisions. Lending Division, business processes in the Enterprise
Risk Management Division, Compliance & Governance
The management of the Anti-Bribery Management Division and Learning Management Division.
System (SMAP) had been running well according to
the Guidelines for the AntiBribery Management System IMPLEMENTATION OF PARTICIPATION IN ANTI-CORRUPTION
(SMAP), including: EXTENSION WORKER CERTIFICATION (PAKSI)
1. Signing of BTN’s Anti-Bribery Policy by Top
Management (i.e., President Director) and the In support of the Corruption Eradication Commission’s
Governing Body (i.e., President Commissioner) as (KPK) corruption prevention programs and initiatives
part of the Company’s Management commitment through 2025, the Company enrolled 25 BTN employees,
to anti-bribery implementation. of whom 17 were declared competent by the KPK
2. Conducted an assessment of changes in internal Professional Certification Institute (LSP KPK) in the Anti-
and external issues that were relevant to the Corruption Counselor (PAKSI) Certification. An Anti-
antibribery management system; Corruption Instructor (PAKSI) is a certified individual with
3. Conducted an assessment of the effectiveness of expertise in a specific field of anti-corruption education
actions taken to address the risk of bribery; and is assigned by their organization to carry out anti-
4. Conducted an assessment of opportunities for corruption awareness activities within their organization
continuous improvement of the SMAP; and its network.
5. Internalizing SMAP and Whistleblowing System (WBS)
through various socialization media to Debtors and Participation in the 2025 PAKSI certification process
Vendors to improve the quality of SMAP; organized by LSP KPK included e-learning, Technical
6. Signing the Employee Integrity Pact related to SMAP Guidance for Anti-Corruption Counselors (Experience
implementation commitment which is renewed Track), and competency assessments conducted through
annually on a regular basis; two methods: Remote Assessment (online), with 13
7. Conducted an assessment of the work unit addition employees declared competent; and, Onsite Face-to-Face
certified by ISO 37001:2016 SMAP. Assessment at the BTN Competency Test Center (TUK),
with 4 employees declared competent. Total pegawai
Bank BTN is committed to performing continuous yang sudah lulus dari kedua metode asesmen PAKSI BTN
improvement in implementing ISO 37001:2016 terdapat 17 pegawai yang dinyatakan kompeten.
AntiBribery Management System to accomplish free
from corruption, collusion, and nepotism Company. The The steps involved in taking part in the Anti-Corruption
Bank will always invite business partners/work partners Instructor (PAKSI) certification are as follows:
to support the implementation of SMAP ISO 37001:2016 1. Determination of Anti-Corruption Instructor
in the Company by signing an Integrity Pact with the Certification Candidates through the PELOPOR
commitment that while working with the Company, will Training Pathway by the Board of Directors.
not practice gratituities, bribes, or other actions that 2. Internal verification of participants from the Human
violate applicable laws and regulations. Capital Management Division (HCMD); 664 PT
Bank Tabungan Negara (Persero) Tbk Corporate
The implementation of the Anti-Bribery Management Governance
System was expected to increase the trust of all Company 3. Socialization and Technical Guidance from LSP KPK
stakeholders, including business partners/work partners and Compliance and Governance Division (CMGD);
in establishing cooperation and would increase 4. Implementation of E-Learning “Basic Knowledge
the efficiency of business processes. As a financial of AntiCorruption and Integrity” which was done
institution, the Company must enhance its reputation by independently (online);
ensuring efficient business processes, adhering to Good 5. Completion of the Registration Form for the
Corporate Governance (GCG) principles, and complying Anti-Corruption Counselor Technical Guidance
with international standards such as ISO 37001:2016 Experience Track
AntiBribery Management System (SMAP). 6. Implementation of the Anti-Corruption Counselor
Technical Guidance Experience Track conducted
The final result that would be obtained by the Bank, with online.
the application of ISO 37001:2016, was an increase in the 7. Registration of Anti-Corruption Extension Officer
competitiveness of the Bank in the long term so that the (ACEO) Assessment Certification through the LSP KPK
Company would be healthier and grow in a sustainable link;
2025 Annual Report 943
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08 Corporate Governance
8. Implementation of an online Anti-Corruption b. Conducting Awareness Activities to Enhance
Extension Officer Assessment (ACEO). Integrity (Theme: Corruption Culture, Risk
Awareness, Anti-Fraud, Compliance, Signing of
In the 2025 anti-corruption instructor certification the Integrity Pact, etc. for employees in each work
program, an online assessment was conducted for the unit through internalization conducted onsite/
Branch Business Control (BBC) of the Sumatra Regional online).
Office, while the assessment was also conducted c. Conducting external dissemination of the
face-to-face by employees from the Compliance and corruption prevention program to partners/
Governance Division, Learning Management Division, business associates/debtors within each work
and Corporate Strategy and Planning Division. . unit through socialization, letters, emails, and/or
other media.
ANTI-CORRUPTION TECHNICAL GUIDANCE d. Spreading integrity messages through personal
AND STRENGTHENING OF OFFICIALS’ INTEGRITY social media (Instagram, Facebook, X (twitter),
WhatsApp status), BTN SmartShare, writing
BTN, in terms of its commitment and collaboration articles in BTNMagz, and/or other media.), btn
with the Corruption Eradication Commission (KPK) to smartshare, menulis artikel di BTNMagz, dan atau
build a culture of integrity in BTN, especially for Officials media lainnya.
or Employees in positions that had the authority to 2. Several activities were carried out by API PAKSI BTN
make a high risk decision of potential gratification, as follows:
bribery, and conflict of interest, collaborated with a. Dissemination of Anti-Corruption materials in
the Indonesian Corruption Eradication Commission each business unit
(KPK) to implement the Anti-Corruption and Integrity b. Dissemination through key visuals related to
Strengthening Program. This program was conducted Anti-Corruption materials
at the Company on July 10, 2025 in collaboration with c. PAKSI BTN delivered material on “Anti-Corruption
the KPK's Directorate of Community Participation at the Prevention at BTN” in an e-learning video for new
BTN Tower Ballroom. The activity was attended by 85 BTN employees
Officials within the Company (Branch Heads, Loan Unit d. Dissemination of BTN Anti-Corruption materials
Heads, CBC Heads, and Sales Center Heads) with the on the KPK YouTube channel: “Cerita API di BTN”
purpose of strengthening the integrity of leaders as role e. PAKSI BTN served as Facilitator for Prospective
models in Branch Offices. Anti-Corruption Counselors at the Financial
Services Authority.
BTN API-PAKSI EMPLOYEE EMPOWERMENT PROGRAM f. PAKSI BTN served as Facilitator in the Anti-
2025 Corruption Technical Guidance for Critical
Material Risk Takers at BTN
As part of BTN’s commitment and collaboration with the g. PAKSI BTN served as moderator in the
Corruption Eradication Commission (KPK) in corruption implementation of the Integrity Talks Podcast
prevention efforts, the company has actively participated “Awas Ada Celah Korupsi di Bagian Kredit”
in KPK’s Anti-Corruption Sector Certification Program 3. Each API PAKSI empowerment activity was reported
(API and PAKSI Certifications) since 2019. Currently, there through reporting media in the form of external
are 96 BTN employees have been certified as Integrity reporting (KPK Aksesku website) and internal
Builders (API) and 74 BTN employees have been certified reporting.
as Anti-Corruption Counselors (PAKSI) until 2025. To
ensure the fulfillment of each employee’s commitment The implementation of the API PAKSI Empowerment
plan during certification and to further enhance Program has also had a positive impact on the Company,
the active role and empowerment of API and PAKSI namely: (1) Enhancing the Culture of Integrity Among
members in strengthening organizational integrity, BTN Employees – Increasing employees’ understanding
has established a structured empowerment program of the importance of honesty, responsibility, and
and mandatory action initiatives for all API and PAKSI- accountability, (2) Corruption Prevention – Raising
certified employees: individual awareness to avoid involvement in corrupt
1. All API and PAKSI members at BTN are required to practices, (3) Improving Corporate Governance –
conduct at least one activity per quarter, selecting Enabling the institution to implement good governance
from one of the following four options: principles (GCG).
a. Initiating, Creating, Proposing, Reviewing, or
Recommending Integrity-Related Activities,
Policies, or Programs within the Bank’s Internal
Environment.
944 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
COMMEMORATION OF INTERNATIONAL ANTICORRUPTION instilling the importance of Integrity with all employees
DAY (HAKORDIA) 2025 so that business activities are constantly founded
on Ethics and Responsibility. Gratification Control is
In commemoration of International Anti-Corruption likewise compulsory so that the business interests are
Day (Hakordia), observed annually on December 9, well maintained ethically and do not conflict with the
the Company carried out a series of Road to Hakordia provisions regarding the prohibition of Gratification.
2025 activities in the form of dissemination of anti-
corruption messages through various media, such as In line with the aim, Company implements a culture of
the Company’s social media (Instagram, Facebook, not accepting gifts or rewards from customers, debtors,
Twitter), Hakordia 2025 themed posters, UPG email vendors, partners, work partners, and other third
blasts to all Company employees, and B-Gate (BTN Geo parties regarding the services provided by employees
Attendance). in performing their duties. It usually experiences its
peak in the days leading up to Religious Holidays
The peak event of the International Anti-Corruption Day (Eid Mubarak, Christmas/New Year). The Company
(Hakordia) 2025 commemoration within the Company consistently makes announcements through social
was implemented by all business units (Divisions, media platforms (Instagram, Facebook, X), internal
Regional Offices, Branch Offices) during the period of company media, advisory memos to all employees
December 9 to December 19, 2025. The implementation regarding the prohibition of receiving or giving
of HAKORDIA was carried out as part of strengthening gratuities, and national newspapers that reach the
the corruption prevention system on an ongoing basis wider public. These announcements emphasize that the
within BTN. The series of HAKORDIA activities conducted Board of Commissioners, Directors, and all employees
by all business units included: of the Company are fully committed to not accepting
a. Dissemination of Anti-Corruption materials conducted and/or requesting gifts or packages in any form from
by the Change Leader of each business unit; or to customers, debtors, partners/vendors, business
b. Screening of Anti-Corruption videos in associates, or any third parties.
commemoration of HAKORDIA at the Banking Hall of
Branch Offices; Company also persuades all customers, debtors,
c. Implementation of employee screening by their partners/ vendors/work partners, and other parties who
respective supervisors; have or intend to conduct business relations with the
d. Installation of HAKORDIA ornaments (Posters, Company to support this commitment by not giving
Banners) in the Banking Hall, Credit Room, and gifts or gifts of any kind, whether directly or indirectly.
Agreement Signing Room in each business unit. Notification regarding this matter is also made by the
Bank through written letters to each customer, debtor,
In the implementation of HAKORDIA, the Company vendor, partner, business partner, and other third parties
granted awards to Gratification Reporters in 2025 under who conduct business relations with the Company.
several categories, namely the category of reporter with
the highest number of gratification reports, the category MANAGEMENT OF GRATITUITY CONTROL
of gratification report with the largest nominal amount,
and one selected employee under the inspirational Company’s sincerity in supporting the eradication of
reporter category. It is expected that such appreciation corruption was proved by collaborating with the KPK to
will increase employee motivation in implementing sign a commitment to implement the Gratituity Control
gratification control and corruption prevention through Program within the Company since June 25, 2014. Based
gratification reporting, as well as inspire all employees on this commitment, in 2015 Company had internal
to become role models in their respective business units guidelines and the Gratituity Control Unit (UPG) that
and strengthen the integrity system within the Company played an active role in disseminating awareness and
in efforts to prevent corruption. understanding of Gratituity and Anti-Corruption Control.
GRATIFICATION CONTROL The Company has established policies as guidelines
for the implementation of gratuity control within
Gratification control is an important aspect for the the Company through Special Policy Number
Company to preserve business activities in line with KK.6-A, regarding Gratuity Control Procedures and
Business Ethics, which highlights the significance of Technical Guidelines Number PT.6-A.1, regarding the
Integrity. The Bank enforces Gratification Control policies Implementation Guidelines for Gratuity Control. As
aimed at developing the principles of GCG values and an initiative to support gratuity control, these policies
regulate the following matters:
2025 Annual Report 945
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08 Corporate Governance
a. General Provisions on Gratituity.
b. Basic Principles of Controlling Gratituity.
c. Gratuity Control Activities.
d. Gratituity Category.
e. Gratituity Reporting Mechanism.
f. Documentation, Reporting, and Monitoring
of Gratuities.
Since 2019, Bank BTN had collaborated with the Corruption Eradication Commission (KPK) in the Professional Integrity
movement (PROFIT) through the following activities:
1. Participation in training as an Integrity Builder (API) and Anti-Corruption Instructors (PAKSI) to oversee corruption
prevention efforts.
2. Participation in the Anti-Corruption campaign collaboration program with KPK through various communication
media channels.
3. Self-Assessment on the Adequate Corporate Corruption Prevention Checklist
4. Implementation of Anti-Corruption Technical Guidance and Integrity Strengthening for Officials
5. Commemoration of International Anti-Corruption Day 2025.
GRATIFICATION REPORTING MECHANISM
The Company has established a gratuity reporting mechanism as stipulated in Special Policy Number KK.6-A, regarding
the Gratuity Control Procedure, Technical Guidelines Number PT.6-A.1, regarding the Implementation Guidelines for
Gratuity Control, and Computer Operational Guidelines (POK) Number 01/ POK/CMGD/V/2024 regarding the BTN
Gratuity Reporting Application, with the following process flow:
Gratification Control Unit
1 2
UPG
Filling in form
Submitted via the web
upg
via the CRMS
website (maximum 10 HK since receipt)
to UPG or (maximum 30 HK
CMGD
REPORTER since receipt) to KPK Recapitulation
Report Analysis Results on
and Review Report Recapituation
(10 LAWS) & Reviews
KPK Goal System
Verification Reviews
Completeness Document
3
The SK is handed over to the
4 Reporting Party
(7HK since established)
Managed by the
Agency
Gratification
Determination SK
State Owned Gratuities
5 (submitted 7 HK since the
decree was issued)
Verification Request for Analysis
Completeness Data and and Status
Information Determination
6
Cash Account KPKNL
Country KEMENKEU
946 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Gratification Reporting Mechanism Figure Description: 5. In terms of KPK determines the gratuity as state
1. Employees report the receipt of Gratification to the property, the whistleblower/Recipient must hand
Corruption Eradication Commission (KPK) through over the received gratuity to the UPG (i.e., CMGD)
the UPG (d. CMPD) by filling out forms no later than no later than seven (7) working days from the date
10 working days from the date the gratification was the decision letter is issued. Subsequently, the UPG
received. Gratification received by the reporting will transfer the gratuity to the KPK. The KPK will then
party is to be kept by the reporting party until a deliver the item to the Directorate General of State
decree from the KPK regarding the ownership status Assets and provide evidence of submission to the
of the intended gratification is issued. whistleblower.
2. Submission of forms is carried out through the 6. In the case of gratuities in the form of money, the
Compliance Regulatory Management System whistleblower must deposit the money into the KPK’s
(CRMS) at: https://crms.btn.co.id. The forms used account and send transfer evidence to the UPG. This
under this Circular Letter are adjusted to the type of evidence will be uploaded to the GOL KPK website
gratification received, with the following explanation: as part of the required documentation for gratuity
a. Using Form 1 if the gratuity is in the form of money reporting.
or goods.
b. Use Form 2, if the gratification is obtained from GRATIFICATION REPORT: ACCEPTANCE AND REJECTION
official activities.
c. Use Form 3, if the gratification is in the form of Throughout 2025, there were 90 reports of gratification
foods/ drinks/parcels to welcome the holiday received from the head office and branch offices,
season. But if the gratification associated with which consisted of reports concerning bribery, official
the holiday season is provided in the form gratification, and gratification of parcels in the lead-up
of money/vouchers/goods then continue to to religious holidays or gratification rejection.
use Form 1. Other aspects that must also be
considered in completing the data on the form Number of Gratification Reports in the Last 3 Years
are the inclusion of Work Units, positions, detailed
descriptions regarding the chronology/events of 78 96 90
the gratification referred to as well as any contact
telephone numbers and e-mail addresses
provided in the process of clarifying reports by
the UPG and the KPK.
d. Use Form 4 if the gratuity is rejected, accompanied
by photographic evidence of the rejection.
3. The UPG continues the Gratification report to the KPK
within 10 working days after the Gratification report
was received by the UPG. Then the KPK handles the 2023 2024 2025
Gratification report which includes the:
a. Verification of the comprehensiveness of the
Gratification report; Based on a comparison of the number of gratuity
b. Request for additional data and information from reports over the past three years, the 2025 Report was
the related parties; 90 reports. This is a positive development, as gratuity
c. Analysis of the receipt of Gratification; and reporting reflects employees’ compliance with laws
d. The determination of the ownership status of the and regulations. It also indicates that employees are
Gratification. The process to determine the status becoming more aware of and understanding gratuity
regarding the receipt of Gratification reports control while demonstrating a willingness to report any
is within 30 working days after the Gratification gratuities received.
report was received by the KPK in full.
4. he KPK issues a decree regarding the status of the Anti-Corruption Training and Socialization
receipt of the gratification to the recipient/reporter for Employees
of the gratification and copies it to the UPG no later
than 7 (seven) working days from the date the Throughout 2025, the Company has carried out several
Decree is stipulated. If the ownership status of the activities to encourage the effectiveness of gratification
gratification is determined to be managed by the control policy implementation, such as:
agency, the gratification is submitted to the UPG to
be managed by the Company.
2025 Annual Report 947
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08 Corporate Governance
1. Dissemination through various socialization media n. Implementation of the Integrity Talks Podcast
regarding the message of anti-gratification to the entitled “Awas Ada Celah Korupsi di Bagian
whole employee as well as the Company stakeholder Kredit”
through the following activities: o. Dissemination of infographics in commemoration
a. Internal dissemination of anti-gratuity and of International Anti-Corruption Day (Hakordia)
anti-bribery messages through various digital to Company stakeholders through BTN’s social
Company media to all employees, including media (Instagram, Facebook, X) in December
B-Gate, computer wallpaper ads for all 2025.
employees, and email. p. Organization of a series of International Anti-
b. External dissemination of anti-gratification Corruption Day activities within the Bank’s internal
and anti-bribery messages through various environment during the period of December 9 to
media, including BTN’s social media (Instagram, December 19, 2025.
Facebook, Twitter) and website. q. Awarding to Gratification Reporters with the
c. Implementation of e-learning for all company highest number of reports, the highest nominal
employees on anti-bribery and gratuity control and inspirational reporters.
through the BTNBest in March 2025. r. Circulating advisories to all employees regarding
d. Circulating an internal memo regarding the gratuity control in the context of Religious
prohibition of gratuities ahead of Eid al-Fitr 1446 Holidays and the New Year in December 2025.
H to all work units in March 2025. s. Dissemination of infographics related to the
e. Branch Visit by the Gratification Control Unit prohibition of receiving gratuities during
(UPG) as part of the internalization of Gratification Christmas and New Year 2026.
at Branch Offices. 2. The signing of the Integrity Pact. The Company has
f. Counseling and dissemination of understanding an Integrity Pact signing program which is in line with
related to marketing and sponsorship its commitment to implementing ISO 37001:2016 Anti
programs that may be categorized as bribery, Bribery Management System (Sistem Manajemen
in collaboration with the Corruption Eradication Anti Penyuapan, SMAP) certification.
Commission (KPK). The Integrity Pact constitutes a statement by all
g. g. Diseminasi dengan tema gratifikasi melalui levels of the Company committing to uphold
pemasangan poster di Kantor Cabang. morality and integrity, protect and maintain the
h. Dissemination of infographic Anti-Gratification Company’s image, credibility, and interests by not
Messages regarding the Prohibition of requesting or accepting bribes or gratification from
Accepting Gratification ahead of Eid al-Fitr 1446 parties with conflicts of interest. The Integrity Pact
H to stakeholders through BTN’s social media is consistently implemented to support the ABMS
(Instagram, Facebook, X) in March 2025. program and gratification control. The Integrity Pact
i. b. Socialization of infographics in the form of flyers signed by each employee is uploaded through a
with the theme of gratification through e-mail. Microsoft Form provided by the Company.
j. Installation of posters with the theme of 3. E-learning on Gratification Control
International Anti-Corruption Day (Hakordia) on Internalization to all employees regarding
each floor of BTN Tower I in December 2025. Gratification Control and the Anti-Bribery
k. Internalization of infographics on the theme of Management System was conducted through the
International Anti-Corruption Day (Hakordia) to Compliance Excellence program in March 2025
all employees through the B-Gate application, using BTN Best media, followed by evaluation of
WhatsApp blast, and email blast in December the material through quizzes and feedback on the
2025. materials provided.
l. Dissemination in the form of anti-corruption 4. Report on the Work Plan for the Gratification Control
themed videos in commemoration of Program (Program Pengendalian Gratifikasi, PPG) to
International Anti-Corruption Day (Hakordia) to the KPK
debtors and customers at the Banking Hall of Based on the KPK letter regarding the Guidelines for
Branch Offices in December 2025. Monitoring and Evaluating the Implementation of
m. Anti-Corruption Technical Guidance for Critical Gratuity Control in 2024, the Company is required to
Material Risk Taker Officials, namely loan submit a Gratuity Control Program (PPG) Realization
approval officers at Branch Offices, Sales Centers, Report to the KPK every semester through the KPK
and Commercial Banking Centers, conducted in Gratifikasi Online (GOL) application. The Company
collaboration with the KPK. has submitted the PPG Realization Report to the KPK
with details consisting of:
948 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
a. Provisions for gratuity control within the corruption prevention system and aims to increase
Company; awareness of corruption risks and improve the
b. Report on internal and external dissemination anticorruption system within the Company’s internal
through media for anti-gratuity messaging; environment. Since 2023, as a form of the Company’s
c. E-learning report on Technical Guidance for commitment to preventing corruption, the Company
Gratuity Control; has participated in the Integrity Assessment Survey
d. Report on independent gratuity socialization by conducted by the KPK and has become the first BUMN
the Gratuity Control Unit (UPG); category institution to participate in this SPI survey and
e. Main Activities with Sector Options Based on has obtained good results for improving control in the
Monitoring and Evaluation Risk Classificatio’ Company’s internal. The SPI survey uses a probability
f. Report on identifying vulnerable points for sampling method for multi-stakeholder internal
gratuity practices; respondents, external respondents, and experts. In 2025,
g. Report on risk mitigation of vulnerable gratuity BTN again participated in the Integrity Assessment
practices; Survey (SPI) conducted by the KPK, with the survey
h. Gratuity reporting; implemented from August to October 2025. BTN’s SPI
i. Reporting on gratuity rejections managed by score was 79.71, representing the highest score within
UPG; the scope of State-Owned Enterprises (SOEs).
j. Report on gratuity control innovations
k. Implementation of ISO 37001:2016 Anti-Bribery Management of State Officials’ Wealth
Management System (SMAP) certification Report (LHKPN)
5. Delivery of Appreciation to selected Gratification
Reporters in commemoration of International Anti- As a State-Owned Enterprise, the Company consistently
Corruption Day (Hakordia) 2025. In accordance with strives to maintain compliance with the submission of
KPK Circular Letter Number 16 of 2025 concerning the LHKPN. The basis for the provisions for Management of
Appeal for the Organization of International Anti- State Official Wealth Report (LHKPN) is the Regulation of
Corruption Day Activities, which is observed every the Corruption Eradication Commission of the Republic
December 9, the KPK encourages all Ministries/ of Indonesia Number 07 of 2016 concerning Procedures
Institutions to organize a series of Hakordia 2024 for Registration, Announcement and Examination of
activities under the theme “Satukan Aksi, Basmi State Officials’ Wealth Reports and Regulation of the
Korupsi.” In relation to this, to organize HAKORDIA Corruption Eradication Commission of the Republic of
within the Company’s internal environment during Indonesia Number 02 of 2020 concerning Amendments
the period of December 9 to December 19, 2025, to Regulation of the Corruption Eradication Commission
the Company organized a series of activities in of the Republic of Indonesia Number 07 of 2016
each business unit and provided appreciation concerning Procedures for Registration, Announcement
to employees who reported gratification and and Examination of State Officials’ Wealth Reports, in
demonstrated commitment to corruption prevention conjunction with KPK Regulation No. 3 of 2024 concerning
within the Company. It is expected that the actions the Second Amendment to Regulation of the Corruption
taken by Gratification Reporters will serve as Eradication Commission Number 07 of 2016 concerning
inspiration for other employees to uphold the same Procedures for Registration, Announcement and
commitment to corruption prevention, including Examination of State Officials’ Wealth Reports.
through the rejection and reporting of gratification.
The Company’s LHKPN Management Policy
Appreciation is given to gratification reporters in 2024
with 3 (three) categories, namely: The Company is committed to the implementation
a. Gratification reporting category with the highest of LHKPN’s obligations with the issuance of Special
number of reports. Policy No. 3C concerning Personnel Regulation and
b. Gratification reporting category with the highest Administration, Chapter VII concerning Human Capital
nominal amount. Services and Operations. Based on the Special Policy,
c. Inspirational Reporter Category. Officials within the Company who are required to report
LHKPN are as follows:
INTEGRITY ASSESSMENT SURVEY 1. Board of Directors, Board of Commissioners, and
Board of Commissioners Organs.
The Integrity Assessment Survey (SPI) is a survey to 2. Head of Division/Desk (or equivalent), Head of
measure the level of corruption risk conducted by Regional Office.
the Corruption Eradication Commission. This survey 3. Head of Branch and Head of Sharia Branch.
produces recommendations for improving the
2025 Annual Report 949
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08 Corporate Governance
Number of LHKPN Reporting
No Position Category Amount %Reporting
1 Board of Commissioners 9 100%
2 Board of Directors 11 100%
3 SEVP 3 100%
4 Head of Division 44 100%
5 Head of Regional Office 6 100%
6 Head of Branch 110 100%
Total Mandatory Report 183 100%
Number of Number of
No Year Report Type %Compliance
Mandatory Reporting
1 2021 Periodic 2020 162 162 100%
2 2022 Periodic 2021 170 170 100%
3 2023 Periodic 2022 175 175 100%
4 2024 Periodic 2023 179 179 100%
5 2025 Periodic 2024 183 183 100%
• All BUMN officials are required to report the 2023 Periodic LHKPN online from January 1, 2024, to March 31, 2025, where
if there are BUMN officials who do not fulfill this obligation, they may be subject to administrative sanctions.
• Based on this, BTN’s Compliance Report on LHKPN Reporting is 100% or all Mandatory Reporters have completed
reporting according to the specified deadline, where the level of compliance can be maintained. (position March
31, 2025).
Number of Determination (Internal Fraud) and Resolution Efforts
Number of frauds committed (Internal)
Members of the Board
Internal Fraud of Commissioners and Permanent Non-Permanent
in 1 Year Members of the Board of employee employee
Directors
Previous Year Current Year Previous Year Current Year Previous Year Current Year
(2024) (2025) (2024) (2025) (2024) (2025)
Total Fraud 0 0 24 38 1 1
Resolved 0 0 24 38 1 1
In the process
of resolution in the 0 0 0 0 0 0
Bank Internal
Not yet attempted
0 0 0 0 0 0
to be resolved
Has been followed
up through the legal 0 0 0 0 0 0
process
Notes:
1. The number of cases in the current year is based on the Special Audit Reports and Preliminary Review Reports for the period January–December 2025.
2. The number of cases categorized as “Resolved” refers to cases that have received a sanction decision from the Board of Directors as of December 2025.
3. The number of cases categorized as “In the process of resolution internally within the Company” refers to cases that have not yet received a sanction
decision from the Board of Directors as of December 2025.
4. The number of cases categorized as “Followed up through legal process” refers to cases that have been “Resolved” and have received a criminal
sanction decision. The legal process is followed up by the Legal Division.
950 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Provision of Funding for Social and/or Political Activities
Provision of Funding for Social Activities is part of the Company’s social responsibility. Therefore, information related to
the provision of funding for social activities is described in the Social and Environmental Responsibility section which is
an integral part of this annual report.
As for providing funds for political activities, during 2025, the Company will not provide funds for political activities or to
political parties in accordance with statutory regulations and the Company’s code of conduct.
Provision of Funds to Related Parties and Provision of Large Funds
The Company provides funds to related parties and large exposures which are made with the approval of the
Company’s Board of Commissioners. The Company has never violated the Legal Lending Limit (BMPK) during 2025.
The Compliance Director through the Compliance Unit constantly monitors the Company’s compliance with the BMPK
provisions and reports it to the Financial Services Authority every semester. The implementation of the provision of funds
by the Company to related parties and/or the provision of large exposure always takes into account the precautionary
principle as well as the applicable laws and regulations and has complied with Bank Indonesia regulations regarding
BMPK.
Amount
No Fund Provider
Debtor Amount (IDR million)
1 To Related Parties
48 8,911
2 To Core Debtors:
a. Individual 28 10,848,459
b. Group 113 40,867,676
Share Buyback and Bond Buyback Prevention of Insider Trading
Throughout 2025, there were not share buyback or bond As part of managing potential conflicts of interest, the
buyback. Company has established a policy regarding Insider
Trading actions as regulated in Special Policy No.KK.9-
Bank Strategic Plan AA of 2023 concerning Investor Relations Activities. In this
provision, it is stipulated that the Company’s Insiders are
Information related to the Bank’s Strategic Plan has prohibited from carrying out Insider Trading activities
been presented in the Bank’s Strategy Sub-Chapter in through purchasing or selling the Company’s Securities
the Management Analysis and Discussion Chapter in or other Companies that transact with the Company.
this Annual Report. The Insiders referred to are as follows:
1. Commissioners, Directors, or Employees of the
Transactions Containing Conflict Company;
of Interest 2. The major shareholder of the Company;
3. An individual who, because of his position or
An explanation regarding transactions that contain profession or because of his business relationship
conflict of interest is presented in the Management with the Company, allows that person to obtain
Discussion and Analysis Chapter of this Annual Report. inside information;
4. Parties who, within the last 6 (six) months, are no
Internal Dispute longer referred to in points 1, 2, and 3 above.
Throughout 2025, there was no internal dispute between
employees of the Company.
2025 Annual Report 951
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08 Corporate Governance
The prohibition for the Company Insiders who have Transparency of Financial and Non-
Insider information to buy or sell the Company’s Financial Conditions
Securities is based on the consideration of the Principle
of Disclosure in the Capital Market which results in the Explanation regarding the Transparency of Financial
creation of equality of information for each party in and NonFinancial Conditions has been presented in the
making investment decisions. Insiders of a bank that Sub-Chapter of Transparency for Report Submission
conducts transactions with other companies are also in the Chapter of Corporate Governance in this Annual
subject to a prohibition to conduct transactions in Report.
the securities of such other companies, even though
the person concerned is not an Insider of such other Implementation of Sustainable Finance,
companies. This is because information about the Including The Implementation of Social
other company is usually obtained due to the Insider’s and Environmental Responsibility
position in the bank that conducts transactions with
the other company. During 2025, there was no insider An explanation of the application of sustainable finance,
trading. The Company has not conducted any insider including the application of social and environmental
trading transactions involving Directors, Commissioners, responsibility, has been explained in Bank BTN’s 2025
management, or employees over the past three years. Sustainability Report.
BANKING BUSINESS GROUP
GOVERNANCE REPORT
On June 20, 2025, the BTN Banking Business Group was In the context of separating the Sharia Business Unit,
established based on the Financial Services Authority BTN conducted an Extraordinary General Meeting of
(OJK) Letter Number S-82/PB.21/2025 dated June 20, Shareholders in 2025 to approve the spin-off of the
2025 concerning the Establishment of the Banking Company’s Sharia Business Unit (SBU) to PT Bank Syariah
Business Group of PT Bank Tabungan Negara (Persero) Nasional and the amendment of the Company’s Articles
Tbk in the context of the acquisition of PT Bank Victoria of Association in relation to the spin-off, effective on the
Syariah, with the following structure: date of separation. Subsequently, BTN officially executed
the spin-off of its SBU to PT Bank Syariah Nasional (BSN)
on November 18, 2025, with assets amounting to IDR 71,3
trillion, and BSN officially commenced operations on
December 22, 2025.
Accordingly, the structure of the BTN Banking Business
Group became as follows:
The spin-off of BTN Syariah constitutes a strategic step
by the Company grounded in a strong commitment
to regulatory compliance and the continuous
strengthening of Good Corporate Governance (GCG)
implementation. This policy aligns with prevailing laws
and regulations requiring the separation of Sharia
Business Units into Sharia Commercial Banks and
reflects the Company’s seriousness in ensuring that the
development of its sharia business is conducted within
a transparent, accountable, and prudent governance
framework.
952 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The structure of the Bank Business Group is as follows:
Subsidiary Company
Parent company
Company name % Shareholding
PT Bank Tabungan Negara (Persero) PT Bank Syariah Nasional 99,999%
Tbk
customer acquisition; utilization of E-Channels; and
Implementation of Banking Business Group
enhancement of sales productivity through the
Synergy utilization of sales tools.
5. Cooperation Agreement between BTN No. 11/PKS/
To support BTN’s operational implementation, BTN and HCSD/OD/2025, 16/PKS/HCMD/Edev/XII/2025, 218/
BSN have established banking synergies set out in PKS/LMD/LOS/XII/2025 and BSN No. 01/PKS/HCP/
several Cooperation Agreements, as detailed below: HS/XII/2025 dated December 15, 2025 concerning
1. Cooperation Agreement between BTN No. 42/PKS/ Banking Synergy in the Human Capital (HC) Sector,
DIR/2025 and BSN No. 02/DIR/PKS/BSN/X/2025 dated covering the utilization of the Global Grading
October 20, 2025 concerning Banking Synergy for the System (GGS) application, BTN Best application,
Utilization of Office Buildings. B Gate application, Astonia application, Learning
2. Cooperation Agreement between BTN No. 52/PKS/ Management System application, employee
DIR/2025 and BSN No. 011/DIR/PKS/BSN/XII/2025 development and training programs, as well as the
dated December 15, 2025 concerning Synergy in use of classrooms and supporting learning facilities.
Operational Activities, covering contact center
infrastructure services and the provision and
Self-Assessment of Corporate Governance
management of Human Resources/Outsourced
within the Banking Business Group
Personnel; customer complaint infrastructure
services; ATM and CRM operational management
The Governance Self-Assessment is conducted
services; debit/ATM card printing services;
periodically as of the end of June and December each
customer service pinpad machine management
year in accordance with OJK Regulations:
services; Sharia Cash Management System token
1. OJK Regulation Number 17 of 2023 concerning
management services; cash management services;
Governance Implementation for Commercial Banks.
application management services; reconciliation,
2. OJK Regulation Number 12/POJK.03/2020 concerning
settlement of rights and obligations, and dispute
Commercial Bank Consolidation.
resolution services; record center services; and
3. OJK Circular Letter Number 14/SEOJK.03/2025
merchant management operational services (EDC
concerning Governance Implementation for
and QRIS).
Commercial Banks.
3. Cooperation Agreement between BTN No. 54/PKS/
DIR/2025 and BSN No. 013/DIR/PKS/BSN/XII/2025 dated
The Company has conducted a consolidated
December 15, 2025 concerning Sharia Commercial
Governance self-assessment in accordance with
Bank Service Synergy, covering the utilization of
regulatory provisions, based on the criteria/parameters
office networks, infrastructure, technology systems,
set out in the Appendix to OJK Circular Letter Number 14/
and Human Resources (HR) across all BTN branch
SEOJK.03/2025 concerning Governance Implementation
networks, with transaction recording conducted
for Commercial Banks, consisting of:
through a separate system and accompanied by
1. Implementation of the duties, responsibilities, and
knowledge transfer implementation to relevant
authorities of the Board of Directors.
HR, in order to ensure that services are delivered in
2. Implementation of the duties, responsibilities, and
accordance with Sharia Principles and prevailing
authorities of the Board of Commissioners.
regulations.
3. Implementation of the duties, responsibilities, and
4. Cooperation Agreement between BTN No. 53/PKS/
authorities of the Sharia Supervisory Board
DIR/2025 and BSN No. 012/DIR/PKS/BSN/XII/2025
4. Completeness and implementation of committee
dated December 15, 2025 concerning Synergy in
duties.
Activities within the BTN Group Business Ecosystem,
5. Handling of conflicts of interest.
covering the utilization of the parent’s acquisition
6. Implementation of the compliance function.
channels; financing; collection & recovery; treasury
7. Implementation of the internal audit function.
management; cooperation with State Ministries/
8. Implementation of the external audit function.
Institutions and other institutions/partners;
9. Implementation of risk management, including the
collaboration in promotional and communication
internal control system.
media; collaboration in campaign programs; digital
10. Remuneration practices.
2025 Annual Report 953
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08 Corporate Governance
11. Provision of funds to related parties and large exposures.
12. Integrity of reporting and information technology systems.
13. The Company’s strategic plan.
14. Shareholder aspects.
15. Implementation of anti-fraud strategy, including anti-bribery measures.
16. Implementation of sustainable finance, including social and environmental responsibility.
17. Implementation of governance within the Banking Business Group.
The results of the consolidated self-assessment of Governance Implementation are as follows.
Self-Assessment Results of Governance Implementation for the June 2025 Period
Rating Rating Definition
Consolidated 2 Reflects that the Company’s management has generally implemented Governance
well. This is demonstrated by adequate fulfillment of Governance principles. In the
event that weaknesses exist in the implementation of Governance principles, such
weaknesses are generally not significant and can be resolved through normal
management actions.
Self-Assessment Results for Governance Implementation for the December 2025 Period
Rating Rating Definition
Consolidated 2 Reflects that the Company’s management has generally implemented Governance
well. This is demonstrated by adequate fulfillment of Governance principles. In the
event that weaknesses exist in the implementation of Governance principles, such
weaknesses are generally not significant and can be resolved through normal
management actions.
954 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
REPORT OF SHARIA
BUSINESS UNIT GOVERNANCE
The Company has established a Sharia Business Unit 5 (Five) Basic Principles of
(UUS) Management, which is designed to guide the The Sharia Business Unit (UUS)
Company’s management to operate in compliance with Governance of The Company
the five basic principles of Sharia and is also targeting
broader interests. The main interests of concern here The Company consistently implements and improves
include protecting the interests of the stakeholders and the UUS management. Such means is carried out by
increasing compliance with the prevailing laws and continuously advancing its services to the customers
regulations and ethical values that apply generally to and the stakeholders according to Sharia Principles
the Islamic banking industry. which are based on 5 (five) basic principles of GCG,
namely:
Policies regarding the management of Sharia Business 1. Transparency: directness in providing material,
Units (UUS) in the Company refer to several regulations, relevant information, and transparency in the
including the following: decision-making process;
1. Law No. 21/2008 concerning Islamic Banking dated 2. Accountability: accuracy and validity of the
July 16, 2008. information presented about the effective Company
2. Bank Indonesia Regulation No. 11/10/ PBI/2009 management in accordance with the purpose;
Concerning Sharia Business Units as amended by 3. Responsibility: the Company’s management
Bank Indonesia Regulation No. 15/14/ PBI/2013. adheres to the prevailing laws and principles of a
3. Bank Indonesia Regulation No. 11/33/ PBI/2009 healthy UUS management;
Concerning the Implementation of Good Corporate 4. Professionalism: possessing competence, ability to
Governance for Sharia Commercial Banks and act objectively and free from any influence/pressure,
Sharia Business Units. and committing to developing Sharia business;
4. Bank Indonesia Circular Letter No. 12/13/ DPbS dated 5. Fairness: upholding justice and equality in
April 30, 2010 concerning the Implementation of defending the rights and satisfying the interests of
Good Corporate Governance for Sharia Commercial the stakeholders in accordance with the prevailing
Banks and Sharia Business Units. legislation.
5. Financial Services Authority Regulation No. 2 of
2024 Concerning the Implementation of Sharia Structure of Sharia Business Unit
Governance for Sharia Commercial Banks and (UUS) of The Company
Sharia Business Units.
6. Financial Services Authority Circular Letter No. 15 The Company’s Sharia Business Unit (UUS) is managed
of 2024 Concerning the Implementation of Sharia by the Director of UUS, who delegates to the Division of
Governance for Sharia Commercial Banks and UUS and Deputy of UUS, under the supervision of the
Sharia Business Units. Sharia Supervisory Board as outlined in the following
7. Decree of the Board of Directors Number 52/SK/DIR/ UUS management structures graph: Report of Sharia
TPMD/2021 concerning the Organizational Structure Business Unit Governance:
of the Head Office and Regional Offices.
8. The Company’s Articles of Association.
2025 Annual Report 955
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08 Corporate Governance
Sharia Banking
(SHAD)
Secretary
Sharia Funding Sharia Financing
Business Business
Sharia Sharia
Sharia Retail Sharia Sharia
Sharia Sharia Digital Funding Sharia Sharia Financing
Funding & Sharia Wealth Sharia Mortgage Commercial
Institutional Banking Business Subsidized Personal Business
Customer Management Distribution & Secured & SME
Funding Business Service & Mortgage Banking Service &
Care Financing Financing
Product Product
Development Development
Sharia Retail Sharia Wealth Sharia Digital Sharia Sharia Sharia Sharia Sharia
Sharia Management Large Subisidized Personal
Funding Banking Branch Mortgage Commercial
Legal Segmentation Institution Mortgage Financing
Business Partnership Performance Sales Financing RM
Sales Management Sales
Management Management
Sharia Hajj, Umroh Sharia Sharia Sharia
Medium Sharia Digital
Audit Management Wealth Sales Network Assistant
Institution Banking Sales Sharia Sharia Sharia
& Islamic Management & Office Commercial
Stakeholder Institutional Institutional
Related Channeling Financing RM
Relation & Partnership & Partnership
Sharia Relation Relation
Risk Sharia Sharia SME
Sharia
Service Sales
Reimburse
Quality & Management
ment
Customer
Management
Care
Sharia
Commercial
Monitoring &
Restruct RM
Sharia
Assistant
Commercial
Monitoring &
Restruct RM
Vision and Mission of Sharia 5. To become a financial partner for stakeholders within
Business Unit the housing ecosystem by providing comprehensive
solutions and the best services through digital
In conducting its operations, the UUS of the Company innovation.
lives up to the following Vision and Mission statements:
VISION Sharia Supervisory Board (DPS)
“To become The Best Mortgage Bank in Southeast Asia
by 2025.” In order to ensure that the Sharia Financial Institution
(LKS) at the implementation level does not deviate
MISSION from sharia principles, in carrying out its activities the
In achieving the vision above, the Company will Company is supervised by the Sharia Supervisory Board
undertake the following missions: (DPS) which is tasked with supervising the interests of
1. To actively support the Government in advancing the Company over the policies and management of the
the welfare of the Indonesian people through home Board of Directors to comply with Sharia Principles and
ownership. is responsible for such supervision, as well as directing,
2. To realize the dream lives of millions of Indonesians monitoring, and evaluating the implementation of Sharia
through the provision of decent housing. Governance including the implementation of sharia
3. To become the home of Indonesia’s best talent. risk management, sharia compliance, and integrated
4. To enhance shareholder value by focusing on sharia internal audits as well as the Company’s strategic
sustainable profitability growth as a blue-chip policies related to the implementation of Sharia
company with strong risk management principles. Principles, in accordance with the provisions of laws and
956 2025 Annual Report
Page 526
PT Bank Tabungan Negara (Persero) Tbk
Sharia Operations & Sharia Strategic,
Sharia IT & Digital
Asset Management Finance & Treasury
KCS
Sharia Sharia
Sharia IT Sharia Sharia Consumer Sharia Finance
Sharia
Strategic Sharia Digital Sharia IT Sharia IT Financing Commercial Collection Sharia Strategic Accounting
Transaction
Planning & Development Security Operation Operation & Asset Recovery & Treasury Planning & & General
Operation
Development Document Management Asset Sales Development Support
Sharia Digital Sharia Sharia IT Sharia Sharia Sharia Sharia Sharia Sharia
Sharia Project Sharia Early
Project Security Production Business Financing Commercial Liquidity & Strategic Financial Adm
Management Bucket
Management Policy & Dev Service Parameter (*) Document Asset Sales RM ALM Planning & Policy(*)
Sharia Digital Sharia App Sharia Infras Sharia Sharia Sharia Sharia Money Sharia
Sharia Quality Sharia Middle Sharia
Application & Data & Data Settlement Financing Commercial & Capital Financial
Assurance Bucket Compliance
Development Protection Center Operation (*) Administration Asset Sales Market Reporting(*)
Assistant RM
Sharia Sharia Sharia
Sharia Sharia Sharia IT Sharia Asset Sharia
Sharia Digital Reconciliation Third Party Sharia Asset Financial
Business Security Service Sales Policy
Partnership and Management Management Reconciliation
Partner Operation Operation
Support (*) Support &
Controlling(*)
Sharia
Sharia Consumer
Sharia IT Sharia
Service Desk Financing Sharia
Core Dev Channel
Mgn Restruct Human
Operation (*)
Capital
Sharia IT Sharia
Non Core Dev Collection Sharia
Support Procurement
& General
Service
regulations, articles of association, and/or decisions e. Unlisted in the fit and proper no-pass list as set
of the GMS. (Article 20 paragraph (1) and (3) OJK forth in the terms of fit and proper test regulated
Regulation No. 2 of 2024 concerning the Implementation by the OJK.
of Sharia Governance for Sharia Commercial Banks and f. Never been committing fraud (scam,
Sharia Business Units). embezzlement, and/or other fraudulent conduct)
in banking, finance, and other areas of business,
Appointment of The Sharia Supervisory nor prosecuted for criminal acts (as evidenced
Board (DPS) Members by a statement from the person concerned).
2. Competence; at least possessing related knowledge
A member of the Sharia Supervisory Board must possess and experience in Sharia Economic Law as proven
several relevant qualities, including: with approval/recommendation letter from DSN-MUI,
1. Integrity, e.g: and general knowledge in banking and/ or financial
a. Good personality and morals. sector. To improve their competency, the DPS
b. Legally competent. members must be willing to continuously develop
c. Committed to complying with and practicing the through education and training. This includes an
Sharia Supervisory Board Charter, sharia banking induction program as a medium of learning about
provisions, and other prevailing regulations in a the Company in a relatively brief time to carry out
professional manner their duties effectively and efficiently.
d. Committed to the development of healthy and 3. Reputation; within at least 5 (five) years before being
solid sharia banking. nominated and during their term of office:
a. Unlisted in the blacklist and non-performing list
managed by OJK.
2025 Annual Report 957
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08 Corporate Governance
b. Having never been declared bankrupt. 10. In the event that DPS members are not appointed by
c. Having never been a shareholder, commissioner, the GMS within a period of 3 (three) months from the
or director of a company and/or manager of date in question, it becomes invalid.
a business entity declared guilty of causing a
company and/or a business entity to be declared Structure, Number, and Composition
bankrupt. of Sharia Supervisory Board
d. Having never been convicted due to a criminal
offense against state finances and/or associated The nomination of the Company’s TPF has been based on
with the financial sector. the TPF requirements in accordance with Bank Indonesia
e. Having never been a director or commissioner Regulation No. 11/10/ PBI /2009 regarding Sharia Business
whom while holding the position do the following: Unit, amended by Bank Indonesia Regulation No. 15/14/
1) failed to conduct the annual GMS. PBI /2013, which states that members of TPF must have
2) whose accountability as such director and/ integrity, competency, and reputation in the finance
or commissioner was once unacceptable to sector.
a GMS. The composition of the DPS membership as regulated in
3) caused an OJK-licensed, approved, or the Supervisory Board Charter is as follows:
registered company to fail to meet the 1. DPS must consist of at least 2 (two) people and 3
obligation of submitting the annual report (three) people at most.
and/ or financial statement to the OJK. 2. DPS is chaired by a chairperson appointed from one
of its members.
Procedure Appointment of Sharia 3. DPS members are appointed by GMS.
Supervisory Board (DPS) Members
The Sharia Supervisory Board (DPS) member is Changes and Composition of The
appointed through the following stages: Sharia Supervisory Board in 2025
1. The Remuneration and Nomination Committee
recommends member candidates to the Board of Information regarding the Changes and Composition
Commissioners. of the Sharia Supervisory Board can be seen in the
2. In case a member of the Remuneration and Company Profile Chapter in the Profile of the Company’s
Nomination Committee has a conflict of interest Sharia Supervisory Board section in this Annual Report.
with a candidate for the DPS member, the reason
for disagreement must be disclosed in the Profile of Sharia Supervisory Board
recommendation.
3. From this recommendation, the Board of Information regarding name, legal basis for appointment,
Commissioners via the Board of Directors proposes education, work experience, DPS appointment period,
the candidate to National Sharia Council – concurrent positions, and affiliations is available in the
Indonesian Ulema Council. Chapter of Company Profile in the Profile section of the
4. DSN-MUI determines whether to approve or Company’s Sharia Supervisory Board in this Annual
disapprove of the prospective candidates proposed Report.
by the Board of Directors.
5. The Board of Directors must submit an approval Term of Office of Sharia Supervisory
request to OJK for the prospective candidate. Board
6. OJK approves or disapproves of the prospective
candidates. 1. The term of office of DPS members must be
7. The candidate who has received approval from determined to be no longer the same as the term of
DSN-MUI and FSA is appointed in the GMS. office of members of the Board of Commissioners.
8. Such an appointment before obtaining approval 2. The Company stipulates in its articles of association
from the OJK must be reported by the Company to regarding:
OJK no later than 10 (ten) calendar days following a. the term of office of DPS members starting from
the date of appointment. the effective date of the appointment of DPS
9. The candidate whose the position has yet to be members by the GMS; and
effective has not yet assumed their duties and b. other conditions in fulfilling the position of DPS
responsibilities as a DPS member and is unable to members.
make legally binding decisions. Consequently, they 3. Sharia Supervisory Board members serve for a
are not entitled to the rights and obligations of a DPS certain period of time and may be reappointed after
member. obtaining approval from the GMS, for a maximum of
2 (two) consecutive terms of office.
958 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
4. DPS members who have served for 2 (two) consecutive terms of office may be reappointed for the next period as
DPS members by considering:
a. results of the DPS member performance assessment;
b. results of external reviews related to the implementation of DPS member duties; and
c. statements by DPS members in the GMS regarding the independence of the person concerned. (Article 14
paragraph (1) to (4) OJK Regulation 2 of 2024):
Work Guidelines, Duties, and Responsibilities of Sharia Supervisory Board
DPS has a Sharia Supervisory Board Charter which was ratified through the Decree of the Sharia Supervisory Board No.
03/DPS-BTN/VII/2024 dated July 19, 2024. The Sharia Supervisory Board Charter is prepared based on sharia principles,
provisions of the Articles of Association, applicable laws and regulations, Shareholder directions and best practices.
Good Corporate Governance.
The Sharia Supervisory Board Charter serves as the guidelines for DPS in performing its duties in a more organized and
effective manner. Below is the content of the Sharia Supervisory Board Charter:
Chapter I General Provisions, Purpose of Sharia Supervisory Board Charter Establishment
Chapter II Sharia Supervisory Board Duties, Responsibility, and Authority
Chapter III Membership and Composition of the Sharia Supervisory Board
Chapter IV Remuneration and Facilities, Meeting, Minutes
Chapter V Supporting Work Unit for the Implementation of DPS Duties and Responsibilities
Chapter VI Others
Duties and Responsibilities of Sharia Supervisory Board
The Sharia Supervisory Board is responsible to provide advice and suggestion to the Director of UUS and to monitor UUS
activities so as to remain in accordance with sharia principles. The duties and responsibilities of DPS include:
1. Conduct supervision for the interests of the Company on policies and the management of the Board of Directors
to ensure that they are in accordance with Sharia Principles and are responsible for such supervision, and provide
advice to the Board of Directors including providing sharia opinions related to the Company’s activities.
2. Direct, monitor, and evaluate the implementation of Sharia Governance including the implementation of sharia risk
management, sharia compliance, and integrated sharia internal audits as well as the Company’s strategic policies
related to the implementation of Sharia Principles, in accordance with the provisions of laws and regulations,
articles of association, and/ or decisions of the GMS
3. Assess and ensure compliance with Sharia Principles on operational guidelines and Sharia-related products
issued by the Company;
4. Supervise the Company’s new Sharia-related product development process to ensure that it is in accordance with
the DSN-MUI fatwa;
5. Provide sharia opinions on new products and/or restructured financing related to Sharia by referring, among
others, to the DSN-MUI fatwa and provisions governing the implementation of Sharia Principles and UUS business
activities;
6. Request a fatwa from DSN-MUI for new Shariarelated Company products for which there is no fatwa;
7. Conduct periodic reviews of the fulfillment of Sharia Principles for the mechanism of fund collection and distribution
of funds and Company service provision;
8. Request data and information related to Sharia aspects from Company work units that carry out and/ or are
related to Sharia activities in the context of carrying out their duties;
9. Carry out duties and responsibilities in accordance with the principles of Good Governance (GCG);
10. Supervise the development of new Sharia-related Company products:
a. Request for clarification from the Board of Directors and/ or relevant Company officials regarding the objectives
and characteristics of the new products to be promoted.
b. Ensure the availability of fatwa from DSN-MUI for the new products
2025 Annual Report 959
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08 Corporate Governance
c. In the case that the fatwa is available, Sharia employees and/or customers to strengthen the
Supervisory Board shall tailor the contract of results of document examinations as referred to
such products with the fatwa. in point 11.3, if necessary;
d. In the case the fatwa is not yet available, Sharia f. Review the internal sharia policy in case of
Supervisory Board shall propose to the Board of inconsistency between the principle and the
Directors to complement the new product with a activity.
fatwa. g. Provide advice on sharia over the fundraising
e. Review the suitability of the system and and distribution as well as banking services by
procedures of the new products to be promoted UUS.
in compliance with sharia principles. h. Report the Sharia Supervisory Board supervision
f. Provide advice on sharia over the new products. result to OJK using an established format at
g. Evaluate the compliance with sharia principles least 2 (two) months following the end of each
over the policies and procedures to manage risks semester.
inherent in the Company’s new products and/ or i. Provide sufficient time to best perform their
activities. duties and responsibilities.
11. Supervising the UUS activities:
a. Conduct supervision of the Board of Directors’ 12. The Company Risk Management:
follow-up on audit findings or examinations a. Conduct an evaluation (review) of UUS risk
and recommendations from the Company’s management policies related to compliance
internal audit work unit, external auditors, the with sharia principles at least 1 (once) a year;
results of supervision by the Financial Services b. Carry out evaluate the responsibility of the
Authority, and/or the results of supervision by Board of Directors for the implementation of risk
other authorities and institutions, related to the management policies related to compliance
implementation of Sharia Principles. with sharia principles at least on a quarterly
b. Analyze reports submitted by and/or requested basis;
from the Board of Directors, implementation
of internal audit functions and/or compliance
functions to determine the quality of Concurrent Position Policy of Sharia
implementation of Sharia Principles for fund Supervisory Board
raising and fund distribution activities and
Company service provision; The Sharia Supervisory Board members are prohibited
c. Set the number of transaction spot checks from holding concurrent positions:
(sample) to be examined in view of sharia 1. As a member of the board of directors, member of
principles implementation quality of each the board of commissioners, or executive officer at
activity. a financial institution or financial company, either a
d. Examine the spot-checked transaction bank or non-bank;
document (sample) to acknowledge compliance 2. As a member of the Sharia Supervisory Board at
with sharia principles as required in the internal more than 1 (one) other Bank;
policies, including: 3. As a member of the Sharia Supervisory Board at
- The document of goods purchasing for more than 2 (two) financial institutions other than
the murabahah contract as proof of the Banks;
murabahah transaction. 4. As a member of the board of directors, member of
- The document of customer business report the board of commissioners, sharia supervisor, or
for the mudharabah/musyarakah contract executive officer at more than 1 (one) non-financial
as a basis for yielding distribution calculation. institution or company, whether domiciled in or
- Availability of ownership documents for the outside the country.
goods being rented, for contracts related 5. In the field of functional duties at a bank financial
to renting, including: ijarah contracts, institution and/or non-bank financial institution
ijarah muntahiya bi al tamlik contracts and domiciled in or outside the country;
musyarakah mutanaqishah contracts, as 6. As a public official;
evidence of the fulfillment of the pillars and 7. In other positions that may give rise to a conflict of
conditions of ijarah. interest in carrying out duties as a member of the
e. Conduct inspections, examinations, requests Sharia Supervisory Board; and/or
for information and/or confirmation to UUS 8. In other positions in accordance with statutory
provisions.
960 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Position at other
Name of the other company/
Name Position companies/
institution
Institutions
Prof. Dr. Muhammad Quraish Chairman of Sharia Chairman of Sharia
CIMB Niaga
Shihab, M.A. Supervisory Board Supervisory Board
Member of Sharia
PT Indomobil Multi Finance Indonesia Syariah
Supervisory Board
Member of Sharia
Muhammad Faiz, Lc., M.A.
Supervisory Board
Member of Sharia PT Bank Tabungan Pensiunan Nasional
Supervisory Board (BTPN) Syariah
Member of Sharia
OCBC NISP
Supervisory Board
Mohammad Bagus Teguh Member of Sharia
Perwira, Lc., M.A. Supervisory Board
Chairman of Sharia
Manulife Aset Manajemen Indonesia
Supervisory Board
Note:
- Based on the Deed of EGMS No. 15 on November 18, 2025, members of the Sharia Supervisory Board of the Sharia Business Unit (SBU) at PT. Bank Tabungan
Negara (Persero), Tbk, effectively ceased by law as of the date of separation of SBU and the commencement of operations of the National Sharia Bank
(BSN) as of December 22, 2025.
Management of Conflict of Interest in Sharia Supervisory Board
The Sharia Supervisory Board members must avoid or prevent any potential conflict of interest. In case of conflict of
Interests, they are prohibited from taking any action that could harm or reduce the profit of the Company. They must
also disclose such a situation in every decision and inform the Board of Commissioners.
The Sharia Supervisory Board members are subject to any regulations on conflict of interests and other regulations
applicable to the Company. Whenever encountering conflict of interest, Sharia Supervisory Board members shall:
1. Make a written report submitted to the Board of Commissioners on any potential or actual conflicts of interest which
significantly influence the Company’s finance and the reputation of the Company, the Board of Commissioners,
DPS, and the Board of Directors.
2. Not participate in the assessment process on any activities inflicting such conflicts of interest.
3. Participate in meetings, but not in the decisionmaking.
Management of Conflict of Interest in Sharia Supervisory Board
Shareholding
Name Position Non-Bank
Other Other
Bank BTN Financial
Banks Companies
Institutions
Prof. Dr. H. Muhammad Quraish Shihab, M.A. Chairman Nil Nil Nil Nil
Muhammad Faiz, Lc., M.A. Chairman Nil Nil Nil Nil
H. Mohammad Bagus Teguh Perwira, Lc., M.A. Member Nil Nil Nil Nil
Note:
- Based on the Deed of EGMS No. 15 on November 18, 2025, members of the Sharia Supervisory Board of the Sharia Business Unit (SBU) at PT. Bank Tabungan
Negara (Persero), Tbk, effectively ceased by law as of the date of separation of SBU and the commencement of operations of the National Sharia Bank
(BSN) as of December 22, 2025.
2025 Annual Report 961
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08 Corporate Governance
Implementation of Sharia Supervisory deliberation to reach consensus. If deliberation is not
Board Activity Report achieved, decisionmaking at the Sharia Supervisory
Board meeting is carried out based on the majority
Sharia Supervisory Board Meeting Policy vote.
7. Voting is generally carried out verbally, but under
The Sharia Supervisory Board meeting is a forum certain conditions and according to mutual
for deliberation between Sharia Supervisory Board agreement, voting can be carried out by closed
members to discuss every strategic and operational letter.
policy and decision in order to carry out the supervisory 8. The Sharia Supervisory Board members who are
function, provide advice and suggestions to the Board of present at the meeting but are not in the meeting
Directors and UUS management in the field of sharia to room at the time of decisionmaking for some reason,
comply with sharia principles. In order to make decisions, then the relevant voting rights are considered blank/
the Sharia Supervisory Board can ask for consideration not giving voting rights.
from the DSN-MUI if necessary. The DPS meeting is held 9. Each Sharia Supervisory Board member who is
with the following provisions: present has the right to cast 1 (one) vote.
1. The Sharia Supervisory Board meetings must be held 10. The Sharia Supervisory Board members who are
periodically at least 1 (one) time in 1 (one) month or unable to attend the Sharia Supervisory Board
12 (twelve) times in 1 (one) year. In certain situations meeting must inform the Sharia Supervisory Board
and needs. Sharia Supervisory Board can hold Chairperson of their absence through the DPS
meetings more than 1 (one) time in one month. Secretary.
2. The Sharia Supervisory Board meetings are held if 11. Meetings are held at the Bank/UUS Head Office, but
attended by the majority of Sharia Supervisory Board with certain considerations and mutual agreement,
members, the implementation of Sharia Supervisory meetings can be held at one of the branch offices
Board meetings must be attended by all Sharia throughout Indonesia or outside the branch office.
Supervisory Board members physically at least 2 12. Meetings can be held via teleconference technology
(two) times in 1 (one) year. (each other can hear and see each other, each
3. The Sharia Supervisory Board meeting invitations meeting participant can see and hear each other
can be made in writing or can be done via electronic directly and participate in the Sharia Supervisory
media such as email, whatsapp and others. Board meeting.
Invitations are sent to each Sharia Supervisory Board 13. In certain conditions where it is not possible to hold
member no later than 5 (five) calendar days before a Sharia Supervisory Board meeting, then Sharia
the DPS meeting is held. If there is an urgent need, Supervisory Board decisions can be submitted in
invitations can be made 3 (three) calendar days writing by means of circulation.
before the DPS meeting is held. 14. All Sharia Supervisory Board decisions stated in the
4. The Sharia Supervisory Board must prepare a Sharia minutes of the meeting are joint decisions and are
Supervisory Board meeting schedule for the following binding on all DPS members.
financial year before the end of the financial year. 15. Differences of opinion (dissenting opinions) that
5. The Sharia Supervisory Board meetings must be occur in Sharia Supervisory Board meetings must be
held in the territory of Indonesia, but if they are clearly stated in the minutes of the meeting along
held outside the territory of Indonesia, the meeting with the reasons for the differences of opinion.
decision is considered valid only if attended by all 16. The results of Sharia Supervisory Board meetings
DPS members. must be stated in the minutes of the meeting and
6. Decision-making at the Sharia Supervisory Board properly documented
meeting must first be carried out based on
Internal Meeting of The Sharia Supervisory Board
No. Tanggal Discussion Materials Participant Attendance
— BTN SBU Performance Highlights as of Prof. Dr. H. Muhammad Quraish Shihab, present
December 2024 M.A.
— Issues Related to Musyarakah Mutanaqisah
(MMQ) Contracts and MMQ Collateral Muhammad Faiz, Lc., M.A. present
— Redistribution of BTN iB Syukur Financing
1 January 24,
Products H. Mohammad Bagus Teguh Perwira, Lc., present
2025 — Development of Small and Medium M.A.
Enterprise (SME) Financing Products
— Business Process Improvement (BPI)
for Commercial Financing.
962 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No. Tanggal Discussion Materials Participant Attendance
Prof. Dr. H. Muhammad Quraish Shihab, present
— BTN SBU Performance Highlights for January M.A.
2 February 24, 2025
— Development of BTN iB Construction PMK Muhammad Faiz, Lc., M.A. present
2025
— Transfer of Assets and Liabilities in the
Spin-Off Process H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
— BTN SBU Performance Highlights for February M.A.
3 March 24, 2025
— Mortgage Life Insurance Using Ciputra Life Muhammad Faiz, Lc., M.A. present
2025 Products for Developers Outside the Ciputra
Group H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
— BTN SBU Performance Highlights as of March Prof. Dr. H. Muhammad Quraish Shihab, present
2025 M.A.
— Utilization of the Conventional BTN National
4 April 24, 2025 Loan Processing Center ( NLPC ) in the Muhammad Faiz, Lc., M.A. present
Sharia Consumer Financing Process Upon
Becoming a BUS H. Mohammad Bagus Teguh Perwira, Lc., present
— Utilization of Noesantara Gardapati M.A.
Collection Services
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
5 April 28, 2025 Synergy between BTN SBU and Conventional
BTN in Preparation to become a Sharia Muhammad Faiz, Lc., M.A. present
Commercial Bank (BUS)
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
6 May 02, 2025 Calculation of Multilevel Margin Income
Muhammad Faiz, Lc., M.A. present
for Murabahah Mortgage
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
7 May 14, 2025 Notification of Special Policy KK.4-VIII
concerning Commercial Financing Products
Muhammad Faiz, Lc., M.A. present
and Technical Instructions PT.4-C.1 regarding
Implementation of Commercial Financing.
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
— BTN SBU Performance Highlights as of April Prof. Dr. H. Muhammad Quraish Shihab, present
2025 M.A.
— Calculation of Tiered Margin Income for
Murabahah Mortgages Muhammad Faiz, Lc., M.A. present
8 May 28, 2025 — Istishna Contract for BTN Indent Mortgages
with Problematic/Delinquent Construction H. Mohammad Bagus Teguh Perwira, Lc., present
Financing Collateral ( KPR Indent Maju). M.A.
— Product Treatment of IMBT Contracts Related
to Asset Ownership.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
9 June 23,
BTN SBU Performance Highlights as of May 2025 Muhammad Faiz, Lc., M.A. present
2025
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
— BTN SBU Performance Highlights as of June Prof. Dr. H. Muhammad Quraish Shihab, present
2025 M.A.
— BTN iB Multi-benefit Refinancing (MMQ) for
the Conversion of Employee Soft Loans (KLK) Muhammad Faiz, Lc., M.A. present
10 July 21, 2025 and Kring from the Holding Company
— Implementation of Restricted Investment H. Mohammad Bagus Teguh Perwira, Lc., present
Fund Collection and Financing from M.A.
Restricted Investment Funds under
Mudharabah Muqayyadah (MMD) Contracts
at BTN SBU.
— Overview of BTN SBU Spin-Off Progress
2025 Annual Report 963
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08 Corporate Governance
No. Tanggal Discussion Materials Participant Attendance
Prof. Dr. H. Muhammad Quraish Shihab, present
— BTN SBU Performance Highlights as of July M.A.
11 August 22, 2025
— Plan to Sell Down In-journey Group’s Credit Muhammad Faiz, Lc., M.A. present
2025
Portfolio
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
12 September In-journey Group’s Credit Portfolio Sell Down
Muhammad Faiz, Lc., M.A. present
12, 2025 Plan (continued)
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
— BTN SBU Performance Highlights as of August
13 September 2025 Muhammad Faiz, Lc., M.A. present
29, 2025 — Priority Banking Services
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
October 21,
BTN SBU Performance Highlights as of
14 2025 Muhammad Faiz, Lc., M.A. present
September 2025
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
— BTN SBU Performance Highlights as
15 November 17,
of October 2025
Muhammad Faiz, Lc., M.A. present
2025 — The 2025 TBDSP Fund Report and 2026 SSB
Work Plan
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Prof. Dr. H. Muhammad Quraish Shihab, present
M.A.
16 December 17, BTN SBU Performance Highlights as of
Muhammad Faiz, Lc., M.A. present
2025 November 2025
H. Mohammad Bagus Teguh Perwira, Lc., present
M.A.
Joint Meeting of The Board of Directors with The Sharia Supervisory Board
During 2025, the Board of Directors held three Joint Board Meetings with the Sharia Supervisory Board, initiated by the
Board of Directors. The following table explains the Joint Board Meetings with the Sharia Supervisory Board.
No. Meeting Date Meeting Agenda Participant
1 April 28, 2025 SSB' Supervisory Results Meeting for Quarter-I 2025 Sharia Supervisory Board together
with the Board of Directors
2 August 14, 2025 SSB' Supervisory Results Meeting for Quarter-II 2025 Sharia Supervisory Board together
with the Board of Directors
3 November 3, 2025 SSB' Supervisory Results Meeting for Quarter-III 2025 Sharia Supervisory Board together
with the Board of Directors
Meeting of The Board of Commissioners with The Sharia Supervisory Board
Based on OJK Regulation No. 2 of 2024 dated February 16, 2024, regarding the Implementation of Sharia Governance
for Sharia Commercial banks and Sharia Business Units, Article 31 paragraph (3), Company's are required to hold
meetings between the Sharia Supervisory Board and the Board of Commissioners at least once every four (4) months.
964 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The Board of Commissioners and the Sharia Supervisory Board have agreed that these meetings will be held at least
once every four (4) months upon invitation from the Board of Commissioners. However, if necessary, the meetings may
be conducted at any time, initiated by either party or both parties.
These meetings are conducted under the Guidelines and Code of Conduct for the Board of Commissioners and the
Charter of the Sharia Supervisory Board.
Realization of the Meetings between the Board of Commissioners and the Sharia Supervisory Board
Throughout 2025, the Board of Commissioners held meetings with the Sharia Supervisory Board 3 (three) times. Below
is a detailed table of the meetings between the Board of Commissioners and the Sharia Supervisory Board
Table of Meetings Between the Board of Commissioners and the Sharia Supervisory Board
No. Meeting Date Meeting Agenda Participant
1 March 19, 2025 SSB' Supervisory Results Meeting for Quarter-I 2025 SSB together with the Board
of Commissioners
2 August 8, 2025 SSB' Supervisory Results Meeting for Quarter-II 2025 SSB together with the Board
of Commissioners
3 November 5, 2025 SSB' Supervisory Results Meeting for Quarter-III 2025 SSB together with the Board
of Commissioners
Frequency and Attendance of Meetings
In 2025, SSB participates in formal and circular meetings with SBU management, the Board of Directors, and the Board
of Commissioners. The frequency and attendance of SSB meetings during 2025 were as follows:
Joint Meeting with UUS Joint Meeting of the Board Joint Meeting of the Board
Management of Directors of Commissioners
Name Position Attendance Number and Percentage Attendance Number and Percentage Attendance Number and Percentage
Number Number Number
Number of Number of Number of
of Percentage of Percentage of Percentage
Attendance Attendance Attendance
Meeting Meeting Meeting
Prof. Dr. H. Chairman
Muhammad
16 16 1005 3 3 100% 3 3 100%
Quraish
Shihab, M.A.
Muhammad Chairman
16 16 1005 3 3 100% 3 3 100%
Faiz, Lc., M.A.
H. Moham- Member
mad Bagus
Teguh 16 16 1005 3 3 100% 3 3 100%
Perwira, Lc.,
M.A.
Note:
- Based on the Deed of EGMS No. 15 on November 18, 2025, members of the Sharia Supervisory Board of the Sharia Business Unit (SBU) at PT. Bank Tabungan
Negara (Persero), Tbk, effectively ceased by law as of the date of separation of SBU and the commencement of operations of the National Sharia Bank
(BSN) as of December 22, 2025.
Frequency and Procedures of Advice-Giving Supervision of Sharia Principle Implementation
in The Capital Market for Issuers or Public Companies
To provide advice, suggestions, supervising of the compliance with Sharia principles, the Sharia Supervisory Board
implemented these through fatwas, opinions, periodic reviews, and joint meetings with the Board of Commissioners
and/or Directors, as well as coordination with relevant Divisions. During 2025, the Sharia Supervisory Board issued 29
(twenty-nine) Sharia Supervisory Board Opinions. These Sharia Supervisory Board opinions were issued in response to
the business development of BTN's SBU, ensuring to continuously operate in accordance with Sharia Principles.
2025 Annual Report 965
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08 Corporate Governance
No. Month Opinion
1 January Problems Related to the Musyarakah Mutanaqisah (MMQ) Contract and MMQ Collateral
2 January Re-distribution of BTN IB's Gratitude Financing Products
3 January Creating Financing Products for Small Medium Enterprises (SMEs)
4 January Business Process Improvement (BPI) Commercial Financing
5 February Creation of BTN iB Construction Working Capital Financing Products (BTN iB Construction PMK)
6 March Mortgage Life Insurance Using Ciputra Life Products for Developers Outside the Ciputra Group
7 April Utilization of BTN Conventional NLPC (National Loan Processing Center) Organs in the Sharia Consumer
Financing Process When Becoming a SCB
8 April Use of Noesantara Gardapati Collection Services
9 April Synergy between BTN UUS and Conventional BTN in Preparation for Becoming a Sharia Commercial
Bank (SCB)
10 May Announcement of Special Policy KK 4-VIII regarding Commercial Financing Products and Technical
Instructions PT.4-C.1 Implementation of Commercial Financing.
11 May Calculation of Multi-Level Margin Income for Murabahaah Mortgage.
12 May Treatment of IMBT Contract Products Related to Asset Ownership.
13 July Mobile Banking
14 July Multibenefit BTN iB Refiancing (MMQ) for Converting Employee Soft Loan (KLK) and Kring from BTN Holding
15 August Update of BTN SBU Product Name on SCB
16 September BTN iB Savings Product
17 September BTN iB SSM KPR and BTN iB BP2BT KPR products
18 September BTN Syariah Cash Management System
19 September PT Aviasi Pariwisata Indonesia's Loan Transfer Plan to Sharia Financing
20 September Mortgage Program Financing Product Development
21 September New Product Cash Management System
22 September Priority Banking Services
23 November Alternative Loan Conversion of PT Aviasi Pariwisata Indonesia Group into Sharia Financing
24 November Special Policy on BTN iB Syukur Financing Products and BTN iB Syukur Financing Procedures
25 November The 2026 Recovery Action Plan
26 November Submission of Draft Deed of Addendum and Restatement of PT. Angkasa Pura Indonesia’s Loan Facility
Conversion Plan.
27 December Review on Draft of Special Policy on Corporate Financing Products, and Special Policy on Corporate
Financing Procedures and Technical Instructions
28 December Special Policy for Mortgage Program Products and Technical Instructions for Implementing Mortgage
Program
29 December Inter-Office Account (RAK) for Business Funds and Inter-Office Transactional Accounts for BTN’s SBU
966 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Performance Assessment of Sharia Supervisory Board
Procedure of Performance Assessment of Sharia Supervisory Board
Sharia Supervisory Board performance evaluation is carried out for a period of 1 (one) year. In the first stage,
Sharia Supervisory Board members evaluate their performance using the selfassessment method. In the second
stage, Remuneration and Nomination Committee will discuss the results of the self-assessment and performance
assessment of Sharia Supervisory Board and use them as input to the Board of Commissioners to be subsequently
determined by the Annual GMS.
Sharia Supervisory Board Performance Evaluation Criteria
The DPS performance assessment is carried out by looking at the implementation of Sharia Supervisory Board duties
and responsibilities during 2025 which consists of 3 aspects, namely:
1. Aspect of Reporting;
2. Aspect of Giving Consideration, Direction and Supervision of Sharia Principles; and
3. Aspect of Sharia Scientific Development.
Party Entitled to Conduct The Assessment
The Sharia Supervisory Board conducted a self-assessment on its performance in 2025 in the Sharia Supervisory
Board internal meeting. The assessment is conducted by evaluating the achievement of Sharia Supervisory Board
performance indicators throughout 2025. In the evaluation process, Sharia Supervisory Board coordinates with the
Sharia Supervisory Board secretariat unit in terms of administration, documentation and data so that the performance
evaluation process can be carried out accurately.
Results of Performance Assessment of Sharia Supervisory Board
Throughout 2025, the Sharia Supervisory Board professionally performed its duties and responsibilities. In terms of
Consideration Provision, Direction and Supervision of Sharia Principles in 2025, the Sharia Supervisory Board reported
the Sharia Supervisory Board’s Supervisory Report for Quarter II-2024 and Quarter I-2025 punctually. Meanwhile, in
terms of Consideration Provision, Direction and Supervision of Sharia Principles, the Sharia Supervisory Board held 19
(nineteen) SSB meetings, including 1 (one) meeting with the Enterprise Risk Management Division (ERMD), 3 (three)
meetings with the Board of Directors, and 3 (three) meetings with the Board of Commissioners. Also, during 2025,
the Sharia Supervisory Board issued 29 Sharia recommendation opinions. For the Supervisory Aspect, the Sharia
Supervisory Board also conducts Sharia spot checks on the operational activities of KCS (Central Branch Office)
to ensure compliance with Sharia principles in the operations and business of BTN SBU. The number of performed
spot checks was 13 KCS. Regarding the development of Sharia knowledge, the Sharia Supervisory Board participates
in a number of competency-building activities related to the duties and responsibilities of the Sharia Supervisory
Board, conducted by regulators, the DSN-MUI, or other educational institutions (both domestic and international). This
performance meets the requirements for the duties and responsibilities of the Sharia Supervisory Board.
Remuneration and Other Facilities for Sharia Supervisory Board
The Sharia Supervisory Board Charter organizes the terms of salary or honorarium or remuneration and/or benefits
for Sharia Supervisory Board members as stipulated by GMS. In the event that the GMS delegates the Board of
Commissioners to determine the amounts, the decision will be made in the Board of Commissioners’ meeting by
taking into account the recommendations from the Remuneration and Nomination Committee.
2025 Annual Report 967
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08 Corporate Governance
Remuneration for Sharia Supervisory Board in 2025
Chairman of the Sharia Supervisory Member of the Sharia Supervisory
Types of Remuneration and Other Board Board
Facilities
Person IDR Person IDR
Remuneration
Honorarium/Salary 1 Rp541,642,944 Rp1,186,472,948 Rp1,606,419,804
Routine allowance (Tj. PPh21) - - - -
Holiday Allowance 1 Rp45,136,913 2 Rp81,246,443
Performance Bonus - - - -
Total of Remuneration (a) 1 Rp586,779,857 4 Rp1,687,666,247
Post-Servise Insurance 1 Rp95,206,136 2 Rp130,269,201
Transportation Allowance - - - -
Total of Other Facilities (b) 1 Rp95,206,136 2 Rp130,269,201
Total Received (a) + (b) 1 Rp681,985,993 4 Rp1,817,935,448
Note:
• For the salary of the DPS Chairman, who was Prof. Dr. H. Muhammad Quraish Shihab, MA (1 person) from January-December 2025 with a total remuneration
of IDR586,779,857 plus total facilities (insurance + allowances) of IDR95,206,136. The total received during 2025 was IDR681,985,993
• The DPS Members' salaries consisted of 2 people with the following details:
1. Muhammad Faiz, Lc, MA for the period of January - December 2025 with a total remuneration (a) received of IDR528,101,873, plus total other facilities (b)
(insurance + allowances) of IDR.45,065,704. The total received (a) + (b) during 2025 was IDR573,167,577.
2. Mohamad Bagus Teguh Perwira, Lc, MA for the period of January - December 2025 with a total remuneration (a) received of IDR528,101,873, plus total
other facilities (b) (insurance + allowances) of IDR85,203,497. The total received (a) + (b) during 2025 was IDR613,305,370.
Mechanism for The Resignation and Dismissal of Sharia Supervisory Board Members
The position in Sharia Supervisory Board shall be terminated if:
1. A member’s term of office has been over in accordance with the Company’s Articles of Association.
2. A member resigns in compliance with the applicable provisions.
3. A member no longer satisfies the regulatory requirements.
4. A member passes away.
5. A member is dismissed based on the GMS decision.
The mechanism for Sharia Supervisory Board member resignation is as follows:
1. A Sharia Supervisory Board member reserves the right to resign from their position by submitting notification in
writing about their intent to the Board of Directors before his/her resignation.
2. The Company must announce this information to the public and communicate this matter and propose the
replacement candidate to OJK at least 2 (two) working days after receiving the resignation letter and nominate
replacement candidates for Sharia Supervisory Board members.
3. If the number of Sharia Supervisory Board members is less than the minimum number as regulated in applicable
legislation following this resignation, the Company must then appoint a new Sharia Supervisory Board member
according to the relevant regulation.
4. A Sharia Supervisory Board member who resigns before their term of office ends must be held responsible for their
tasks during their active tenure, as reported in the incoming Annual GMS.
5. Any termination and/or resignation of Sharia Supervisory Board members must be reported to OJK within 10 (ten)
calendar days after the effective date of a termination and/or resignation.
968 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Director of Sharia Business Unit (UUS) of The Company
Director of Sharia Business unit (UUS) of the Company The Company’s Sharia Business Unit (UUS) is led by the Director
of Sharia Banking who is fully responsible for the implementation of sharia business management prudentially in
accordance with the sharia principles. The appointment of the Director is based on integrity, competence, adequate
financial reputation, experience as a bank executive officer in bank’s operations, and passing the fit and proper test as
required in Bank Indonesia Regulation No. 14/6/PBI/2012 on fit and proper test in Sharia Banks and Sharia Business Units.
Currently, the Director of UUS Perusahaan is held by Mr. Hirwandi Gafar who was appointed based on the Board of
Directors meeting on December 3, 2019 and has obtained OJK approval through Letter number SR-6/ PB.1/2021 dated
March 2, 2021, through Confirmation of the Appointment of the UUS Director of PT Bank Tabungan Negara (Persero)
Tbk. His brief profile is available in the Company Profile Chapter in the Board of Directors Profile section of this Annual
Report.
Duties and Responsibilities of The UUS Director
The Director of UUS manages UUS prudentially in accordance with the sharia principles by following the Company’s
Article of Association and GCG best practices.
Head of Sharia Business Division
In performing the operational activity, the Director of UUS is assisted by the Head of the Sharia Business Division. Based
on the Company’s Guidebook, below are the duties and authorities of the Head of the Sharia Business Division:
1. Establishing a proposal of the work plan and budget (RKAP) on the corresponding field according to the applicable
terms.
2. Developing a strategic plan for the UUS.
3. Formulating policies relating to the UUS.
4. Ensuring the secretarial function of Sharia Supervisory Board.
5. Ensuring the operation and performance of the UUS.
6. Managing and controlling any risks existing within their professional context.
7. Applying GCG in the respective unit.
Report on The Implementation of The Company’s UUS Activities
Transparency of Financial and Non-Financial Conditions, GCG Implementation Reports
and Internal Reporting
Throughout 2025 the Company has published quarterly financial reports both through the website www.btn. co.id and
through newspapers, and reported them to regulators in accordance with regulations and on time. A recapitulation of
the publication of quarterly financial reports through newspapers and online media is as follows:
Quarterly Newspapers/Published Media Date
IV of 2024 www.btn.co.id February 12, 2025
I of 2025 www.btn.co.id April 24, 2025
II of 2025 www.btn.co.id; August 28, 2025
Bisnis Indonesia dan Investor Daily
III of 2025 www.btn.co.id October 24, 2025
2025 Annual Report 969
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08 Corporate Governance
List of Consultants, Advisors or The Equivalent Used by UUS Bank BTN
Based on the Cooperation Agreement document between UUS BTN and consultants related to activities and operational
activities at UUS BTN, throughout 2025 UUS BTN has collaborated with several consultants, namely:
1. Hajj Financial Management Agency (BPKH) for Increasing Regular Hajj Registration Through Optimization of Hajj
and Umrah Guidance Groups (KBIHU) and Hajj Communities.
2. PT Infinetworks Global for providing SMS Gateway services.
3. PT Rintis Sejahtera for providing implementation services for the National Quick Response Code Standard (QRIS)
Including QR Cross Border and Transfer Transactions, Cash Withdrawals and Cash Deposits (TUNTAS).).
4. KPMG consultant for provision of PSAK 413 gap analysis data related to Impairment.
5. The Indonesian Banking Development Institute (LPPI) assisted in the preparation and migration process of Internal
Regulations from the Sharia Business Unit of PT Bank Tabungan Negara (Persero) Tbk (UUS BTN) to PT Bank Syariah
Nasional (BSN).
Number of Deviations (Internal Fraud) That Occurred and Settlement Efforts by UUS
In order to reduce internal irregularities (internal fraud) committed by management, permanent and non-permanent
employees (honorary and outsourced) related to the work processes and operational activities of UUS Bank BTN which
significantly affect the performance conditions of UUS Bank BTN, UUS Bank BTN carries out various preventive measures
against the possibility of internal fraud committed by employees.
During 2025, irregularities/fraud related to UUS work processes and operational activities can be explained in the
following table:
Number of frauds committed (Internal)
Member of the Board
Internal Fraud of Commissioners and Permanent Non-Permanent
in 1 year Member of the Board of Employee Employee
Directors
Previous year Current year Previous year Current year Previous year Current year
(2024) (2025) (2024) (2025) (2024) (2025)
Total Fraud - - 4 3 - -
It has been resolved - 4 -
- 3 -
In the process of being
resolved internally at - - 0 - - -
UUS
No solution has been
attempted yet - 0 -
- - -
It has been followed
up through the legal - - 0 - - -
process
Note:
1. The number of cases in the current year was based on the Special Audit Results Report for the period of January to December 2025.
2. The number of cases that “Had been resolved” were cases that had received a sanction decision from the Board of Directors until December 2025.
3. The number of cases that was “In the resolving process internally at the bank” was cases that had not received a sanction decision from the Board of
Directors until December 2025.
4. The number of cases that “Had been followed up through the legal process" was cases that had been decided in the Board of Directors' Decision, such as
criminal sanctions (criminal reporting process by the Legal Division (LGD)).
Number of Legal Problems and Settlement Efforts by UUS
Throughout 2025, civil and criminal legal issues faced by UUS Bank BTN and which have been submitted through the
legal process, are as follows:
970 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Amount
Legal Issues
Civil Criminal
It has been completed (has permanent legal force). - -
In the process of being resolved. 6 6
Total 6 6
In resolving legal problems faced by UUS of Bank BTN, deliberation is always prioritized when facing disputes with
customers. However, if deliberation cannot resolve the dispute, then UUS Company and the customer agree to
resolve the dispute using arbitration or through a judicial institution based on applicable laws and regulations and in
accordance with Sharia Principles.
Non-Halal Income and Its Use
Non-halal income obtained includes, among other things, fines or interest income from placements with Bank BTN
(Parent) which are used as liquidity funds for Sharia Branch Offices. The total income earned during 2025 (in full Rupiah
figures) is as follows:
No. Description December 31, 2025
1 Sources of Benevolent Funds at the Beginning of the Period 1,086,950,101
2 Receipt of Benevolent Funds
A Infaq
B Alms
C Productive benevolence refunds
D Fine 2,719,784,141
E Non-halal acceptance 9,901,035
Total Receipts 2,729,685,176
3 Use of Benevolent Funds
A Productive Benevolent Fund
B Donations
C Other uses are for the public interest 273,209,345
Total Usage 273,209,345
4 Increase (Decrease) in Sources of Benevolent Funds for Use 2,456,475,831
5 Sources of Benevolent Funds at the End of the Period 3,543,425,932
Conduct a UUS GCG Self Assessment
In order to create a healthy, prudent and resilient sharia banking industry, Bank BTN as an entity operating in the
banking sector, through its Sharia Business Unit, is obliged to implement Good Corporate Governance and comply with
Sharia Principles. Implementation of Good Corporate Governance (GCG) is an effort to protect stakeholder interests
and increase compliance with laws and regulations and ethical values generally accepted in the sharia banking
industry.
2025 Annual Report 971
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08 Corporate Governance
GCG implementation requires an assessment to see the extent of progress towards the GCG principles that have
been implemented by the Company. This assessment is also useful for ensuring continuous improvement in the
quality of GCG implementation in business processes. UUS Bank BTN has carried out a selfassessment in accordance
with BI/OJK regulations which require the Company to carry out its own assessment (internal selfassessment) on the
implementation of GCG.
The results of the Bank BTN UUS self-assessment for the period January to June 2025 can be presented as follows:
Weight
No. Factor Rating Grade
(%)
1 Implementation of the duties and responsibilities of the Director in charge of UUS 0.35 1.00 0.35
2 Implementation of the duties and responsibilities of the Sharia Supervisory Board 0.20 1.00 0.20
Implementation of Sharia Principles in fund-raising and fund-channeling activities
3 0.10 2.00 0.20
and services.
Distribution of funds to core financing customers and storage of funds by core
4 0.10 2.00 0.20
depositors
Transparency of Financial and Non-Financial Conditions, GCG Implementation
5 0.25 2.00 0.50
Reports and Internal Reporting
Total Composite Value 1.00 1.45
Number Criteria 2
Predicate BAIK
Based on our Self-Assessment results, the composite score for the Sharia Business Unit of PT Bank Tabungan
Negara (Persero) Tbk was 1.45, with a score of 2 and a rating of "Good." This composite score was a decrease from
the previous year's composite score. The rating reflected the Company's management's generally sound and
consistent implementation of GCG. Additionally, it was reflected in the adequate fulfillment of GCG principles. If there
were weaknesses in the implementation of GCG principles, these weaknesses could generally be addressed by the
Company's management.
Implementation of Compliance with Sharia Principles
Based on OJK Regulation Number 2 of 2024 dated February 15, 2024, concerning the Implementation of Sharia
Governance for Sharia Commercial Banks and Sharia Business Units, the Company through the Board of Directors
coordinates with the Sharia Supervisory Board regarding the implementation of the compliance function towards
Sharia Principles. In 2024, coordination meetings between the Board of Directors and the Sharia Supervisory Board
were held 3 (three) times to ensure that the implementation of the supervision function towards compliance with
sharia principles in the BTN Sharia Business Unit (UUS) both at the Head Office and Branch Offices has been carried
out properly by the Sharia Supervisory Board. Overall, the implementation of the supervisory duties of the Company’s
Sharia Supervisory Board regarding the new product development process and supervision of the Bank’s activities has
been reported through the Sharia Supervisory Board Supervision Report per 6 (six) months, ending in June.
The cause was due to BTN SBU had changed entity into PT Bank Syariah Nasional as of December 22, 2025, so the
presentation of the report was only as of June 2025.
Sharia Business Unit Risk Management Reporting
In 2025, SBU submitted a Quarterly Risk Profile Report to the OJK in accordance with the provisions, as follows:
1. 640/S/DIR/ERMD/IV/2025 Submission of BTN Sharia Business Unit Risk Profile Report for Quarter I of 2025.
2. 1177/S/DIR/ERMD/VII/2025 Submission of BTN Sharia Business Unit Risk Profile Report for Quarter II of 2025
3. 1727/S/DIR/ERMD/X/2025 Submission of BTN Sharia Business Unit Risk Profile Report for Quarter III of 2025
972 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
4. 123/S/DIR/ERMD/I/2026 Submission of BTN Sharia Investment Risk Measurement uses parameters/
Business Unit Risk Profile Report for Quarter IV of 2025 indicators consisting of the composition and level
of concentration of profit-sharing based financing,
In the Sharia Business Unit, reports for risk management the quality of profit-sharing-based financing and
are no different from conventional commercial banks, external factors. These three indicators are used
but 2 (two) types of risk are added, namely: by the Commercial Financing Department in the
Sharia Business Unit (UUS) in managing Investment
a. Return Risk Management Risk. Monitoring and controlling investment risk
Sharia Banking Division (SHAD) employees, including includes evaluating profit sharingbased financing
Company business unit management, are part of risk exposure against investment risk limits and
implementing Risk Management for Return Risk, reviewing Internal Credit Rating policies between
considering that Returns are the result of all Sharia the Commercial Financing Department in the Sharia
Business Unit (UUS) business activities. The role of Business Unit (UUS) together with the Wholesale
Business Unit Management, in this case the Treasury Credit Risk Division (WRD). Management of profit
Department of the Sharia Business Unit (UUS), is to sharing based financing is carried out by the
identify Return Risk on Risk resulting from changes in Commercial Financing Department at the Sharia
the rate of return paid by the Company to customers, Business Unit (UUS) and Sharia Branch Offices.
due to changes in the rate of return received by the
Company from the distribution of funds, which can Business Permits Revocation of Sharia Business
influence behavior. The Company third party fund Units
customers. Return Risk Measurement is based on
assessment results using parameters/indicators, Based on the Extraordinary GMS on November 18,
namely the composition of third party funds, the 2025, the GMS approved the Company's action to
company’s strategy and performance in generating exercise the Separation of the Sharia Business Unit by
profits/revenue as well as the behavior of third party transferring its rights and obligations to PT Bank Syariah
fund customers. These three indicators are used by Nasional to be recorded as an increase in paid-up
the Treasury Department Sharia Business Unit (UUS) and subscribed capital by the Company to PT Bank
in managing Return Risk. In order to monitor Yield Syariah Nasional, and, subsequently, rights, obligations
Risk and ensure that the returns given to customers and responsibilities related to the Company's Sharia
are maintained, the Sharia Banking Division (SHAD), Business Unit that was transferred were transferred to
in this case the Treasury Department, manages PT Bank Syariah Nasional, prevailing on the Effective
policies related to special Financing Profit Sharing Date of Separation. The Board of Directors through letter
margins in coordination with business units, in this Number 2273/S/DIR/SHAD/XII/2025 on December 19,
case the Commercial Financing Department and 2025 until the latest letter Number 189/DIR/CSPD/I/2026
Branch Offices. Sharia. on January 29, 2026, submitted an application for
business permits revocation of the Sharia Business Unit
b. Investment Risk Management of PT Bank Tabungan Negara (Persero) Tbk.
Investment Risk is the risk resulting from the
Company sharing in the customer’s business losses Sharia Business of PT Bank Tabungan Negara (Persero)
financed in profit sharing based financing, whether Tbk. Furthermore, the OJK granted approval for the
using the net revenue sharing method or using the Separation of the Sharia Business Unit of PT Bank Tabungan
profit and loss sharing method. Investment Risk Negara (Persero) Tbk by means of transferring rights
Management is the management of financing risks and obligations to PT Bank Syariah Nasional through
provided on a Profit Sharing basis which is part of letter Number SR-511/PB.02/2025 on December 9, 2025
the Bank’s Risk Management Policy Guidelines for regarding Approval of the Application for Separation of
Bank Sharia Business Units (UUS) and is prepared the Sharia Business Unit of PT Bank Tabungan Negara
as part of the risk assessment process. Investment (Persero) Tbk. Exercising the Separation of the Sharia
Risk Exposure is monitored from the Financing Business Unit of PT Bank Tabungan Negara (Persero)
granting process until the Financing maturity. Tbk by means of transferring rights and obligations
to PT Bank Syariah Nasional, the business permits of
the Sharia Business Unit of PT Bank Tabungan Negara
(Persero) Tbk had to be revoked.
2025 Annual Report 973
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08 Corporate Governance
PUBLIC COMPANY
GOVERNANCE IMPLEMENTATION GUIDELINES
The Company always complies with applicable regulations in implementing GCG. It includes referring to the Public
Company Governance Guidelines stipulated in OJK Regulation No. 21/POJK.04/2015 and OJK Circular Letter No. 32/
SEOJK.04/2015 concerning Public Company Governance Guidelines. The OJK Regulation regulates 5 (five) aspects,
8 (eight) principles, and 25 (twenty-five) recommendations for the implementation of aspects and principles of good
corporate governance. Until the end of 2024, the Company has implemented all recommendations in the regulation
with the following detailed information:
No Aspects; Principles; Recommendations Comply or Explain
A. Aspect 1: Relationship between Public Companies and Shareholders
in Guaranteeing Shareholder Rights.
A.1. Principle 1: Relationship of Public Company with Shareholders
in Guaranteeing the Rights of Shareholders
A.1.1. Recommendation 1 : Public Company has technical ways or a. The voting procedure in making decisions
procedures for voting both in an open and on a GMS agenda item is carried out by
closed manner that prioritize independence closed voting as stated in the GMS Rules of
and the interests of shareholders. Procedure which are disclosed to the public
Explanation : Each share with issued voting rights has one via the Company’s website.
voting right (one share, one vote). Shareholders
can exercise their voting rights during decision- b. The voting procedure has maintained the
making, especially in making decisions independence and freedom of shareholders.
through voting. However, the mechanism
for decisionmaking through voting, both in In 2025, the Company held its Annual General
an open and closed manner, has not been Meeting of Shareholders on March 26, 2025. The
regulated in detail. resolutions were made based on deliberation
to reach consensus. If a resolution based
Public Companies are recommended to have on deliberation to reach consensus was not
a voting procedure in making decisions on reached, a vote was held. Resolutions were
an agenda of the GMS. The voting procedure made, if approved by more than ½ (one half) of
must maintain the independence or freedom the total shares with valid voting rights, being
of shareholders. For ex-ample, voting is present at the meeting.
held openly by raising hands following the
instructions offered by the chairman of the GMS. Voting is carried out using the following
Meanwhile, voting in a closed manner is carried mechanism:
out on decisions that require confidentiality or
at the request of shareholders by using ballots a. Shareholders or their proxies who abstain or
or electronic voting. disagree will be asked to raise their hands
and submit their voting cards to the officer.
The Meeting Officer will collect voting cards
from shareholders or their proxies and then
submit the voting cards to the Notary to be
counted.
b. The number of abstentions and dissenting
votes is calculated with the valid votes cast
at the Meeting and the difference is the
number of affirmative votes.
c. Shareholders with valid voting rights who
do not cast a vote (abstain) are deemed to
have cast the same vote as the majority of
shareholders who cast a vote.
d. The notary will calculate and convey the
results of the voting on the proposed Meeting
decisions submitted.
Comply
974 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No Aspects; Principles; Recommendations Comply or Explain
A.1.2. Recommendation 2 : All members of the Board of Directors and the In holding the GMS, the Company consistently
Board of Commissioners of Public Company complies with applicable regulations. During
participate in the Annual GMS. the Annual GMS on March 26, 2025, all
members of the Board of Directors and Board of
Explanation : The presence of all members of the Board Commissioners, including members of the Audit
of Directors and members of the Board of Committee, attended.
Commissioners of Public Company has an
aim. It is to ensure that every member of the Comply
Board of Directors and members of the Board of
Commissioners can pay attention, explain, and
directly answer the problems that occur or the
questions asked by shareholders related to the
agenda in the GMS.
A.1.3. Recommendation 3 : A summary of GMS minutes is available on the The Company provides a summary of the
Website of the Public Company for at least one (1) minutes of the GMS in Indonesian and English
year. through the Company’s website www.btn.co.id
in the Investor Relations menu, as well as in
Explanation : Based on the provisions in Article 34 paragraph print media and through the IDXnet and OJK
(2) of the Financial Services Authority Regulation E-reporting electronic reporting systems, such
Num-ber 32/ POJK.04/2014 concerning the Plan as on March 27, 2025 for the Annual GMS for the
and Implementation of the General Meeting 2024 Fiscal Year.
of Shareholders of Public Companies, Public
Companies are required to make a summary
of GMS minutes in Indonesian and foreign Comply
languages (at least in English), and announced
2 (two) working days after the GMS is held to
the public, one of which is through the Public
Company Website. The availability of a summary
of GMS minutes on the Public Company Website
provides an opportunity for shareholders who
are absent to easily and quickly obtain important
information about the GMS implementation.
Therefore, the provision on the minimum period of
availability of a summary of GMS minutes on the
Website is intended to provide sufficient time for
shareholders to obtain such information.
A.2. Principle 2 : Improving the Quality of Public Company Communication
with Shareholders or Investors.
A.2.1. Recommendation 4 : Public Company possesses a communication The Company has a communication policy
policy with Shareholders or Investors. with shareholders or investors referring to the
Investor Relations Policy which includes analyst
Explanation : The existence of communication between the meetings, public exposes, investor meetings,
Public Company and shareholders or investors is Annual Reports and so on.
intended for the shareholders or investors to get
a clearer understanding of the information that Technical Instructions Number PT.9-AD.9
has been published to the public, such as periodic on September 18, 2023, concerning Bank
reports, the disclosure of information, business Communication Management of PT Bank
conditions or prospects and performance, as Tabungan (Persero) Tbk
well as the implementation of public company
governance. In addition, shareholders or investors Comply
can also submit suggestions and opinions to the
management of the Public Company.
The communication policy with shareholders
or investors shows the Public Company’s
commitment to communicating with shareholders
or investors. The policy may include strategies,
programs, and communication execution timing,
as well as guidance that supports shareholders or
investors to participate in such communications.
A.2.2. Recommendation 5 : The Public Company discloses the communication The Company has disclosed its communication
policy of the Public Company with Sharehold-ers policy with shareholders or investors on the
or Investors on the Company Website. Company’s website (www.btn.co.id) Investor
Relations menu - Investor Relations Policy
Penjelasan : Disclosure of communication policy is a form of Guidelines.
transparency on the commitment of the Public
Company to providing equality to all shareholders Comply
or investors regarding the implementation of
communication. The disclosure of information
also aims to increase the participation and role
of shareholders or inves-tors in implementing the
Public Company communication program.
2025 Annual Report 975
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08 Corporate Governance
No Aspects; Principles; Recommendations Comply or Explain
B. Aspect 2 : Board of Commissioners’ Function and Role
B.1. Principle 3: Strengthening membership and composition of the Board
of Commissioners.
B.1.1. Recommendation 6 : Determination of the number of members of the The determination of the number of members of
Board of Commissioners by considering the Public the Board of Commissioners has considered the
Company’s condition. Company’s conditions including characteristics,
capacity, and size, as well as the achievement of
Explanation : The number of members of the Board of objectives and fulfillment of the bank’s business
Commissioners may affect the effectiveness of needs referring to the provisions of the Regulator.
the Board of Commissioners’ duties. The number of The number of members of the Board of
the Board of Commissioners members in a Public Commissioners is currently considered sufficient
Company must be determined by referring to the and in accordance with OJK Regulation Number
provisions of the applicable laws and regulations. 33/ POJK.04/2014 concerning the Board of
The Board of Commissioners members consist of Directors and Board of Commissioners of Issuers
at least two people based on the requirements of or Public Companies or equal to the number of
the Financial Services Authority (FSA) Regulation members of the Board of Directors.
Number 33/POJK.04/2014 concerning the Board of
Directors and Board of Commissioners of Issuers or Comply
Public Companies. In addition, it is also necessary
to consider the condition of the Public Company. It
includes characteristics, capacity, and size, as well
as achieving goals and fulfilling different business
needs among Public Companies. However, if the
number of the Board of Commissioners members
is too large, it could interfere with the effectiveness
of the implementation of the functions of the
Board of Commissioners.
B.1.2. Recommendation 7 : Determination of the composition of members The composition of the members of the Board of
of the Board of Commissioners considering the Commissioners takes into account the diversity
diversity of expertise, knowledge, and experience of expertise, knowledge and experience required
required. as disclosed in the Diversity of the Composition
of the Board of Commissioners section of this
Explanation : The composition of the Board of Commissioners Annual Report.
is a combination of characteristics both in terms
of the organs of the Board of Commissioners Comply
and members of the Board of Commissioners
individually, following the needs of the Public
Company. These characteristics can be reflected
in the determination of the expertise, knowledge,
and experience needed in implementing
supervisory duties and providing advice by the
Board of Commissioners of a Public Company.
The composition that considers the needs of the
Public Company is a positive matter, primarily
related to decisionmaking in the context of
implementing the supervisory function carried out
by considering various broader aspects.
B.2. Principle 4: Improving the Implementation Quality of Duties
and Responsibilities of the Board of Commissioners
B.2.1. Recommendation 8 : The Board of Commissioners has in place a Self- The Board of Commissioners has a
Assessment policy that assesses the performance selfassessment policy as stated in the Joint
of the Board of Commissioners. Decree on the Working Relations of the Board
of Commissioners and the Board of Directors of
Explanation : The Board of Commissioners’ selfassessment the Company in the Joint Decree of the Board of
policy is a guideline used as a form of Commissioners No. 01/SKB/KOM/BTN/2024 and
accountability for collegial assessment of the Board of Directors No. SKB-01/DIR-BTN/2024,
the Board of Commissioners’ performance. Chapter V Performance Evaluation which is
Selfassessment is intended to be carried out by described in the Board of Commissioners’
each member to assess the implementation of performance assessment section in this Annual
the Board of Commissioners’ performance in a Report and the Company’s website (www.
collegial manner. Self-assessment is not used btn.co.id) Investor Relations menu - GCG -
to evaluate the individual performance of each Crossreference ASEAN CG Scorecard - SKB.
member of the Board of Commissioners.
Comply
With this self-assessment, each member of the
Board of Commissioners is expected to improve
the performance of the Board of Commissioners
on an ongoing basis. The policy can include
assessment activities carried out along with
their purposes and objectives, the periodic
implementation time, and the benchmarks or
assessment criteria used following the recom-
mendations given by the nomination and
remuneration function of a Public Company. The
existence of this function has been required in the
Financial Services Authority Regulation Number
34/ POJK.04/2014 concerning the Nomination
and Remuneration Committee of Issuers or Public
Companies.
976 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No Aspects; Principles; Recommendations Comply or Explain
B.2.2. Recommendation 9 : Self-Assessment policies assessing the The self-assessment policy for assessing the
performance of the Board of Commissioners are performance of the Board of Commissioners
to be disclosed through the Annual Report of the is disclosed in the Board of Commissioners
Public Company. performance assessment section of this Annual
Report.
Explanation : The disclosure of the self-assessment policy on
the performance of the Board of Commissioners Comply
is carried out not solely to fulfill the transparency
aspect as a form of accountability for
implementing the board’s duties. In addition,
it also provides assurance, especially to
shareholders or investors, as at-tempts need
to be made to improve the performance of the
Board of Commissioners. With this disclosure,
shareholders or investors know the check and
balance mechanism for the performance of the
Board of Commissioners.
B.2.3. Recommendation 10 : The Board of Commissioners has a policy The Company has a policy in the Guidelines and
regarding the resignation of members of the Work Procedures of the Board of Commissioners
Board of Commissioners if involved in financial in the Decree of the Board of Commissioners
crimes. Number 18/KOM/BTN/2024 regarding the
resignation and dismissal of members of the
Explanation : The policy regarding the resignation of members Board of Commissioners if they are involved in
of the Board of Commissioners involved in financial actions that are detrimental to the Company
crimes is a policy that can increase the trust of and/or the State and if the person concerned
stakeholders in the Public Company, which will is found guilty by a court decision that has
maintain the integrity of the Company. This policy permanent legal force.
is needed to help the legal process run smoothly
so that the legal process does not interfere with Comply
the course of business activities. In addition, in
terms of morality, this policy builds an ethical
culture within the Public Company. The policy may
be included in the Guidelines or Code of Ethics
applicable to the Board of Commissioners.
Furthermore, the status of a convict is given by the
competent authority to a member of the Board
of Commissioners who is involved in financial
crimes. Financial crimes refer to manipulation
and various forms of embezzlement in financial
services activities and Money Laundering Crimes
as referred to in Law Number 8 of 2010 concerning
the Prevention and Eradication of Money
Laundering Crimes.
B.2.4. Recommendation 11 : The Board of Commissioners or the Committee The appointment and dismissal of the
that performs the Nomination and Remuneration Company’s Board of Directors are carried out
function composed a Nomination succession based on the principles of professionalism and
policy for members of the Board of Directors. GCG. The Company is a State-Owned Enterprise
(BUMN), therefore the Board of Directors
Explanation : Based on the provisions of the Financial Services succession policy refers to the Regulation of
Authority Regulation Number 34/ POJK.04/2014 the Minister of State-Owned Enterprises No.
con-cerning the Nomination and Remuneration PER-11/MBU/07/2021 concerning Requirements,
Committee of Issuers or Public Companies, Procedures for Appointment and Dismissal of
the committee that carries out the nomination Members of the Board of Directors of State-
function has the task of formulating the policies Owned Enterprises. In addition, as a public
and criteria needed in the nomination process for company, the Company’s policy also refers
prospective members of the Board of Directors. to the Financial Services Authority Regulation
One of the policies that can support the Nomination Number 33/POJK.04/2014 concerning the Board
process, as referred to, is the succession policy of of Directors and Board of Commissioners of
members of the Board of Di-rectors. The policy Issuers or Public Companies. A description of the
on succession aims to maintain the continuity of succession policy in the Nomination process for
the process of regeneration or re-generation of members of the Company’s Board of Directors
leadership in the Company to maintain business has been disclosed in the Board of Directors
sustainability and the Company’s long-term Succession Policy section of this Annual Report.
goals.
Comply
2025 Annual Report 977
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08 Corporate Governance
No Aspects; Principles; Recommendations Comply or Explain
C. Aspect 3: Functions and Roles of the Board of Directors
C.1. Principle 5: Strengthening the Membership and Composition
of the Board of Directors.
C.1.1. Recommendation 12 : Determination of the number of members of the The determination of the number of members
Board of Directors considers the Public Company’s of the Board of Directors has considered the
condition and effectiveness in decision making. Company’s conditions including characteristics,
capacity, and size, as well as the achievement of
Explanation : As an authorized corporate organ that deals objectives and fulfillment of the bank’s business
with the management of the Company, the needs referring to the provisions of the Regulator.
determination of the number of Directors The number of members of the Board of
dramatically affects the performance of the Public Directors has complied with the provisions of OJK
Company. Thus, the number of members of the Regulation No. 33/POJK.04/2014 concerning the
Board of Directors must be determined through Board of Directors and Board of Commissioners
careful consideration and refer to the applicable of Issuers or Public Companies.
laws and regulations. It must be based on the
Financial Services Authority Regulation Number Comply
33 / POJK.04 / 2014 concerning the Board of
Directors and Board of Commissioners of Issuers
or Public Companies consisting of at least 2 (two)
people. In addition, the number of Directors must
be determined based on the need to achieve the
goals and objectives of the Public Company and
adjusted to the conditions of the Public Company.
This condition includes the characteristics,
capacity, and size of the Public Company and
how to achieve the effectiveness of the Board of
Directors’ decision making.
C.1.2. Recommendation 13 : Determination of the composition of members of The composition of the Board of Directors
the Board of Directors considers the diversity of members takes into account the diversity of
expertise, knowledge, and experience needed. skills, knowledge and experience required as
disclosed in the Diversity of the Composition
Explanation : Similar to the Board of Commissioners, the of the Board of Directors section of this Annual
diversity of the composition of members of the Report.
Board of Directors is a combination of desired
characteristics. This combination is in terms of the Comply
organs of the Board of Directors and the individual
members of the Board of Directors, following the
needs of the Public Company. It is determined by
considering the appropriate expertise, knowledge,
and experience in the division of duties and
functions of the Board of Directors in achieving
the objectives of the Public Company. Thus,
consideration of the characteristic combination
will impact the accuracy of the nomination
process and the individual appointment of
members of the Board of Directors or collegial
Board of Directors.
978 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
No Aspects; Principles; Recommendations Comply or Explain
C.1.3. Recommendation 14 : Members of the Board of Directors in charge of In 2025, the Director in charge of accounting or
Accounting or Finance have the required expertise finance has an educational background and
and/or knowledge in accounting. work experience in the financial sector with the
following information:
Explanation : Financial Statements are management’s
accountability reports from managing resources a. Education
owned by a Public Company. They must be 1. Bachelor of Economics
prepared and presented following generally
accepted Financial Accounting Standards in 2. Master of Economics
Indonesia and related OJK regulations, including 3. Having work experience in banking
laws and regulations in the Capital Market sector b. Work experience
that regulate the presentation and disclosure of
Public Company Financial Statements. Based on 1. March 2021 – currently serving as
the laws and regulations in the Capital Market Director of Finance
sector that regulate the responsibility of the Board 2. 2015-2021 served as Head of Treasury
of Directors for the Financial Statements, the Board Division.
of Directors is jointly responsible for the Financial
Statements. The President Director and members 3. 2015 served as Acting Regional Head,
of the Board of Directors in charge of accounting Regional Office I
or finance sign the Financial Statements. 4. Served as Head of Treasury Division in
2014.
Thus, the disclosure and preparation of financial
5. Served as Head of Institutional Banking
information presented in the financial statements
Division in 2013.
will largely depend on the expertise and/or
knowledge of the Board of Directors, especially 6. Served as Post Office Alliance Desk
members of the Board of Directors in charge Head in 2012.
of accounting or finance. The existence of
expertise and/or knowledge qualifications in the The certifications held by the Director in charge
accounting field that at least the members of the of finance/accounting could be seen in the
Board of Directors have can ensure the process Directors’ Competency Development section of
of making the Financial Statements. Thus, the this Annual Report.
Financial Statements can be a reliable basis
for stakeholders in making economic decisions Comply
related to the Public Company. Such expertise
and/or knowledge can be proven by educational
background, training certification, and/ or related
work experience.
C.2. Principle 6: Improving the Quality of the Board of Directors’ Duties
and Responsibilities.
C.2.1. Recommendation 15 : The Board of Directors has in place a The Board of Directors has its own self assessment
SelfAssessment policy used to assess the policy as stated in the Joint Decree on the
performance of the Board of Directorsi. Working Relations of the Board of Commissioners
and the Board of Directors of the Company in
Explanation : Similar to the Board of Commissioners, the 2024, Chapter IV Performance Evaluation, and
Board of Directors self-assessment policy is a this assessment system is summarized as a Key
guideline used as a form of accountability for Performance Indicator (KPI) as described in the
collegial assessment of the Board of Directors’ Board of Directors’ performance assessment
performance. Self-assessment is intended to section of this Annual Report and the Company’s
be carried out by each member of the Board of website (www.btn.co.id) Investor Relations-GCG
Directors. The aim is to assess the implementation menu - Crossreference ASEAN CG Scorecard.
of the Board of Directors’ performance in a
collegial manner. SelfAssessment is not used
to evaluate the individual performance of each Comply
member of the Board of Directors.
With this selfassessment, each member of the
Board of Directors is expected to improve the
performance of the Board of Directors on an
ongoing basis. The policy may include assessment
activities carried out along with their purposes
and objectives, the periodic implementation time,
and the benchmarks or assessment criteria used
following the recommendations given by the
nomination and remuneration function of a Public
Company. The establishment of these functions
has been required in the Financial Services
Authority Regulation Number 34/ POJK.04/2014
concerning the Nomination and Remuneration
Committee of Issuers or Public Companies.
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08 Corporate Governance
No Aspects; Principles; Recommendations Comply or Explain
C.2.2. Recommendation 16 : Self-Assessment policies in order to assess the The self-assessment policy for assessing
performance of the Board of Directors are the performance of the Board of Directors is
disclosed through the Annual Report of the Public disclosed in the Board of Directors’ performance
Company. assessment section of this Annual Report.
Explanation : The disclosure of the self-assessment policy Comply
regarding the Board of Directors’ performance is
carried out not solely to fulfill the transparency
aspect as a form of accountability for
implementing the Board of Directors’ duties. In
addition, it also provides essential information
regarding the attempts to improve the
management of the Public Company. This
information is beneficial to give assurance to
shareholders or investors regarding the existence
of certainty that the Company management
continues to be carried out in a better direction.
With this disclosure, shareholders or investors
know the check and balance mechanism for the
performance of the Board of Directors.
C.2.3. Recommendation 17 : The Board of Directors has a policy related to the The Company has a policy on the Guidelines and
resignation of members of the Board of Directors Work Procedures of the Board of Directors through
when involved in financial crimes. Special Policy Number KK.6-G concerning the
Guidelines and Work Procedures of the Board
Explanation : The policy of resignation for members of the Board of Directors. related to the resignation and
of Directors involved in financial crimes is a policy dismissal of members of the Board of Directors if
that can increase the stakeholders’ trust in the they are involved in actions that are detrimental
Public Company, which in return will maintain the to the Company and/or the State and if the
Company’s integrity. This policy is needed to help person concerned is found guilty by a court
the legal process runs smoothly and so that the decision that has permanent legal force.
legal process does not interfere with the course of
business activities. In addition, in terms of morality, Comply
this policy will build an ethical culture within the
Public Company. The policy may be covered by
the Guidelines or Code of Ethics applicable to the
Board of Directors.
Furthermore, the status of a convict is given by the
competent authority to a member of the Board
of Commissioners who is involved in financial
crimes. Financial crimes refer to manipulation
and various forms of embezzlement in financial
services activities and Money Laundering Crimes
as referred to in Law Number 8 of 2010 concerning
the Prevention and Eradication of Money
Laundering Crimes.
D. Aspect 4: Stakeholder Participation
D.1. Principle 7: Upgrading corporate governance aspects through
stakeholder participation.
D.1.1. Recommendation 18 : The Public Company has in place policies to The Company has a policy to prevent insider
prevent Insider Trading. trading as regulated in Special Policy Number
KK.9-AA on September 15, 2023 , concerning
Explanation : A person with insider information is prohibited Investor Relations Activities, and it can be seen
from conducting a Securities transaction using on the Company’s website (www.btn.co.id) on
insider information as referred to in the Law on the Investor Relations menu - Investor Relations
Capital Market. Public Companies can minimize Policy Guidelines.
the occurrence of insider trading through
prevention policies, for example, by strictly
separating confidential data and/or information
from public ones and dividing the duties and Comply
responsibilities for the management of such
information proportionally and efficiently.
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PT Bank Tabungan Negara (Persero) Tbk
No Aspects; Principles; Recommendations Comply or Explain
D.1.2. Recommendation 19 : The Public Company has in place an Anti- Special Policy No. KK.8-K regarding Fraud Risk
Corruption and Anti-Fraud policy. management procedures. As a guideline in
the implementation of Gratification Control
Explanation : Anti-corruption policies are useful for ensuring that as an initiative of the national anti-corruption
the business activities of public companies are program, the Company issued instructions for
carried out legally, prudently, and in accordance implementing gratification control guidelines
with the principles of good governance. The policy in a Special Policy Number KK.6-A concerning
can be part of a code of conduct or in its own form. Gratification Control Procedures.
The policy may include, among others, programs
and procedures carried out to overcome corrupt Comply
practices, kickbacks, fraud, bribery, and/ or
gratification in a Public Company. The scope of
the policy must describe the prevention of the
Public Company against all corrupt practices,
either giving or receiving from other parties.
D.1.3. Recommendation 20 : The Public Company has a policy in place The Company has policies related to vendor
regarding the selection and improvement of management as regulated in Special Policy
suppliers or vendor ability. concerning Guidelines for the Implementation
of Procurement of Goods and/or Services
Explanation : The supplier or vendor selection policy is useful and Technical Instructions Number PT.9-H.1
to ensure that the Public Company obtains the concerning Guidelines for the Implementation
necessary goods or services at competitive of Procurement of Goods and/or Services.
prices and good quality. Meanwhile, the policy In general, the scope of this policy includes,
of increasing the ability of suppliers or vendors among others, criteria for vendor selection,
helps ensure that the supply chain runs efficiently transparent procurement mechanisms,
and effectively. The suppliers’ or vendors’ ability vendor performance evaluation, and vendor
to supply/ provide the goods or services needed track records. Improving supplier or vendor
by the Company will affect the quality of the capabilities is done by providing guidance
Company’s output. to vendors through coordination meetings,
monitoring and evaluating vendor performance.
Thus, implementing these policies can guarantee The implementation of the vendor selection
the continuity of supply, both in terms of quantity policy is carried out by managing the Bank
and quality needed by the Public Company. The Partner List which can be used as a vendor
scope of this policy includes criteria in selecting database in procurement using the direct
suppliers or vendors, transparent procurement appointment/direct selection/direct selection
mechanisms, attempts to improve the capabilities method. The Special Policy above also regulates
of suppliers or vendors, and the fulfillment of rights the Standard Operating Procedure (SOP) for
related to suppliers or vendors. transparent procurement mechanisms through
The Company has policies related to the the auction/direct selection/direct selection/
procurement of goods and services that contain direct appointment method as well as provisions
the selection and improvement of supplier or regarding work contracts with vendors. So that
vendor capabilities as stated in the Procurement with the implementation of this policy, it is
Guidelines standards. expected that the continuity of supply needed
by the company can be guaranteed.
Comply
D.1.4. Recommendation 21 : The Public Company has a policy on fulfilling the The policy on the fulfillment of creditor rights
creditors’ rights. is used as a guideline in making loans to
creditors. The purpose of the policy is to ensure
Explanation : The policy regarding the fulfillment of creditors’ the fulfillment of rights and maintain creditor
rights is utilized as a guideline in making loans trust in the Public Company. The policy includes
to creditors. The policy aims to maintain the considerations in making agreements, as well as
fulfillment of rights and maintain creditors’ follow-up in fulfilling the obligations of the Public
trust in the Public Company. The policy includes Company to creditors.
considerations in making agreements, as well as
follow-up actions in fulfilling the obligations of the Basic creditor rights policies include:
Public Company to creditors.
a. Receive principal repayment and interest
payment at the agreed time.
b. Obtain the right to a fine for late payment of
principal and interest payment.
c. Request explanation, information, and
documents and examine the Company’s
books.
For 2025, there were 2 creditors of the Company,
such as Bilateral Loan Creditors and Bond
Creditors.
Comply
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08 Corporate Governance
No Aspects; Principles; Recommendations Comply or Explain
D.1.5. Recommendation 22 : Public Company has a whistleblowing system The Company has a Whistleblowing System
policy. implementation policy regulated in Technical
Instruction Number PT.7-B.2 concerning the
Explanation : A well-prepared whistleblowing system policy Management of the BTN Whistleblowing System
will provide certainty of protection to witnesses which includes the types of violations that can
or whistleblowers for an indication of violations be reported through the whistleblowing system,
committed by employees or management of how to report, protection and guarantee of
the Public Company. The implementation of confidentiality of the reporter, handling of
these system policies will have an impact on the complaints, parties managing complaints,
formation of good corporate governance culture. and the results of handling and follow-up of
The whistleblowing system policy includes, complaints in accordance with OJK provisions.
among others, the types of violations that can be Disclosure of the Whistleblowing System policy
reported through the whistleblowing system, the in question for the 2023 period is described in
way of complaints, protection, and guarantees the Whistleblowing System section of this Annual
of the confidentiality of the whistleblower, the Report.
handling of complaints, the party who manages
the complaint, and the results of handling and Comply
following up complaints.
D.1.6. Recommendation 23 : Public Company has a policy of providing long- Commissioners have been regulated, including:
term incentives to the Board of Directors and
employees. a. Special Policy No. KK.3-D concerning Income
of Directors, Board of Commissioners,
Explanation : Long-term incentives are incentives based on Senior Executive Vice President (SEVP)
the achievement of long-term performance. and Supporting Organs of the Board of
The longterm incentive plan assumes that the Commissioners.
Company’s longterm performance is reflected by
the growth in value of the stock or other Company’s b. b. Special Policy Number No.KK.3-B
long-term targets. Longterm incentives are useful concerning Remuneration. The provision
to maintain loyalty and provide motivation to the of remuneration and incentives has been
Board of Directors and employees to increase disclosed in the Implementation of BTN
their performance or productivity, which will Remuneration Governance section of this
have an impact on improving the Company’s Annual Report.
performance in the long run.
The provision of remuneration and incentives
The existence of a long-term incentive policy has been disclosed in the Implementation of
is a real commitment of the Public Company to BTN Remuneration Governance section of this
encourage the implementation of long-term Annual Report.
incentives to the Board of Directors and Employees
with conditions, procedures, and forms adjusted The Board of Directors Regulation covers deferred
to the long-term goals of the Public Company. The variable-based remuneration as well as Material
policy may include, among others, the purpose Risk Taker as stipulated in the Regulation of the
and objectives of providing long-term incentives, Ministry of SOEs No. 04/ MBU/2014 concerning
terms and procedures for providing incentives, Guidelines for Regulation of the Minister of SOEs
and conditions and risks that the Public Company Number Per-04/ MBU/2014 as last amended by
must consider in providing incentives. The policy Regulation of the Minister of SOEs Number Per-
can also be included in the remuneration policy of 13/MBU/09/2021 dated September 24, 2021 and
the existing Public Company. OJK Regulation Number 45/POJK.03/2015.
Since 2009, the Company has implemented
long-term incentives in the form of MESOP for
Directors and Employees as described in the
Share Option section of this Annual Report.
In 2025, the Company has implemented
performance and risk-based remuneration.
Comply
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No Aspects; Principles; Recommendations Comply or Explain
E. Aspect 5: Disclosure of Information
E.1. Principle 8: Improving the Implementation of the disclosure
of information.
E.1.1. Recommendation 24 : The Public Company utilizes information The Company continuously strives to improve the
technology more broadly in addition to the quality of information disclosure to stakeholders
Website as a medium for disclosing information. through the use of information technology, in
addition to the Company’s website, such as
Explanation : The use of information technology can be a helpful through social media, namely:
medium for the disclosure of information. The
disclosure of information is conducted not only • YouTube Bank BTN,
to disclose information that has been regulated • Facebook BankBTNcoid,
in laws and regulations but also to disclose • X @BankBTNcoid,
other information related to Public Companies
that are considered helpful for the knowledge of • Instagram @bankbtn
shareholders or investors. By using information • LinkedIn PT Bank Tabungan Negara
technology more broadly apart from the Website,
The Company also provides information
it is hoped that the Company can extend
updates to shareholders via email, conference
the effectiveness of disseminating company
calls and Capital Market TV IBCM Channel of the
information. Nevertheless, the use of information
Indonesia Stock Exchange, in addition to site visit
technology is carried out while still considering the
assistance by investors to BTN branch offices,
benefits and costs for the Company.
Non-Deal Roadshows, one-on-one meetings,
Analyst Meeting Public Expose.
Comply
E.1.2. Recommendation 25: The Annual Report of the Public Company The Company has disclosed information
discloses the ultimate benefit of the Ownership regarding shareholders who own 5% (five
of the Public Company of at least 5%, in addition percent) or more of the Company’s shares
to the disclosure of the ultimate beneficial owner to the regulators, namely OJK and BEI. In this
of the share ownership of the Public Company Annual Report, the matter in question has been
through the main and controlling shareholders. disclosed in the Information to Investors section.
Explanation : Laws and regulations in the Capital Market sector Comply
governing the submission of Public Company
annual reports have regulated the obligation to
disclose information regarding shareholders who
own 5% (five percent) or more of Public Company
shares. In addition, the obligation to disclose
information regarding major and controlling
shareholders of Public Companies, either directly
or indirectly, is up to the last beneficial owner in
the ownership of the shares. In this Governance
Guidelines, it is recommended to disclose the
ultimate beneficial owner of share ownership of
a Public Company of at least 5% (five percent),
in addition to disclosing the ultimate beneficial
owner of share ownership by major and controlling
shareholders.
2025 Annual Report 983
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08 Corporate Governance
GOVERNANCE PRINCIPLES
FOR BANKS ISSUED BY BASEL COMMITTEE
ON BANKING SUPERVISION
Governance Guidelines are best practice standards that can be used as a reference in implementing corporate
governance, especially in the banking sector. They include 12 principles of corporate governance that can be
summarized as follows.
Principle Description Implementation in BTN
Principle 1 The Board of Commissioners has responsibilities In the Company’s Board of Commissioners’ Rules of
Responsibilities that include: approval and oversight of the Procedure as stated in the Decree of the Board of
of the Board of implementation of business strategy, structure and Commissioners No. 18/KOM/BTN/2024 concerning
Commissioners. governance mechanisms, and corporate culture. the Guidelines and Work Procedures of the Board
of Commissioners of PT Bank Tabungan Negara
Tbk, it is stated that the responsibility of the Board
of Commissioners is to provide opinions and
suggestions on the Annual Work Plan and Budget
and to provide suggestions on matters considered
important by the Company, including corporate
culture.
Principle 2 Members of the Board of Commissioners must The Company's Board of Commissioners does
Qualifications have quality in their duties and responsibilities, both not have any financial relationship, management
and composition individually and collegially. They must understand relationship, share ownership and/or family
of the Board of their role in supervising and implementing corporate relationship with other members of the Board of
Commissioners. governance, and be able to carry out sound and Commissioners, the Board of Directors and/or
objective decision-making. Controlling Shareholders or relationship with the
Company, which may affect the ability of the person
concerned to act independently as stipulated in the
provisions of the Implementation of Good Corporate
Governance for Commercial Banks and has signed
an Independent Statement.
Principle 3 The Board of Commissioners must establish The Board of Commissioners has Committees under
Structure and appropriate governance structures and practices in the Board of Commissioners that assist in carrying
mechanism of carrying out their duties and periodically review their out the duties of the Board of Commissioners, namely
the Board of effectiveness. the Audit Committee, Risk Monitoring Committee and
Commissioners Remuneration and Nomination Committee.
Principle 4 Under the direction and supervision of the Board of The Board of Directors manages the Company
Directors. Commissioners, the Board of Directors can manage under the direction and supervision of the Board of
the Company’s activities by the business strategy, Commissioners, as evidenced by the company's
risk appetite, remuneration policies, and other business achievements.
policies that have been approved by the Board of
Commissioners.
Principle 5 Within a business group, the Board of Commissioners The Company's Board of Directors and Board of
Business Group of the parent company has overall responsibility Commissioners have knowledge and understanding
Governance for the business group and for ensuring the of the company's core business and main risks. The
Structure. establishment and implementation of clean Board of Directors and Board of Commissioners also
governance practices related to the structure, regularly participate in training and development to
business, and risks of business groups and entities. improve their capabilities.
The Board of Commissioners and Directors must
understand the organizational structure of the
business groups and the risks they face.
Principle 6 The Cpmpany's must have a quality risk management The Company carries out the Risk Identification,
Risk Management function, be independent, have quality resources Measurement, Monitoring, Risk Control Process, and
Function and have access to the Board of Commissioners. Risk Management Information System through the
Enterprise Risk Management and Digital Operation
Risk Management frameworks. The Company
continuously improves the capabilities and
knowledge of all employees, especially in terms of
risk management. The Company communicates
risk management to the Board of Commissioners
through the Risk Monitoring Committee.
984 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Principle Description Implementation in BTN
Principle 7 Risks in all kinds of bank activities must be identified, In the management of the Company’s Risk
Identification monitored, and controlled. The quality of the risk Management, risk identification, measurement and
of Risk Monitoring management and internal control infrastructure assessment have been carried out by compiling
and Control must be able to keep up with changes in the a risk profile periodically. Risk measurement and
Company’s risk profile, external risk conditions, and assessment have been able to run well in accordance
industry practices with the established Risk Management Policy which is
adjusted to the level of risk faced by BTN.
Principle 8 Effective implementation of risk governance requires The Risk Based Bank Rating (RBBR) assessment is
Risk Communication. accurate risk communication within the Company submitted to the Risk Management Committee
both between organizations and through reporting every semester. In addition, the results of the
to the Board of Commissioners and Directors. RBBR assessment are submitted to the Board
of Commissioners through the Risk Monitoring
Committee.
Prinsip 9 The Board of Commissioners is responsible for The Board of Commissioners ensures the
Obedience overseeing management related to the Company’s implementation of good corporate governance in
compliance risk. The Board of Commissioners every business activity and corporate governance
must establish a compliance function and provide policy, including the implementation of compliance.
approval for policies and processes for identifying, Compliance risk assessments in RBBR are reported to
assessing, monitoring and reporting, and providing the Board of Commissioners every 6 (six) months to
advice on compliance risks. obtain feedback.
Principle 10 The internal audit function must report independent Internal Audit is directly responsible to the President
Internal Auditing assurance activities to the Board of Commissioners Director and communicates with the Board of
and must support the Board of Commissioners and Commissioners through the Audit Committee.
Directors in encouraging the implementation of an
effective governance process and the long-term
health of the Company.
Principle 11 The Company’s remuneration structure must support The Company's current remuneration policy is
Compensation the implementation of corporate governance and in accordance with OJK Regulation Number 45/
risk management POJK.03/2015 concerning the Implementation of
Governance in the Provision of Remuneration for
Commercial Banks.
Principle 12 Disclosure The implementation of governance by the Bank The Company makes disclosures through the BTN
and Transparency must be carried out transparently to shareholders, website www.btn.co.id and ensures the availability
depositors, other relevant stakeholders, and market of the most updated information for stakeholders. In
participants. addition, BTN's information disclosure is carried out
through the Annual Report, Sustainability Report and
Public Expose.
2025 Annual Report 985
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08 Corporate Governance
GOOD CORPORATE GOVERNANCE
ASSESSMENT
The Company always attempts to apply the highest Assessment Criteria
standard of corporate governance concerning
international regulations and standards based on The indicators that are the standard for implementing
the principles of corporate governance developed Self-Assessment include 16 (sixteen) parameters,
by the Organization for Economic Cooperation and consisting of:
Development (OECD), the ASEAN Corporate Governance 1. Pelaksanaan Implementation of the duties and
Scorecard (ACGS) issued by ASEAN Capital Market responsibilities of the Board of Directors.
Forum (ACMF), Indonesian GCG Guidelines developed 2. Implementation of duties and responsibilities of the
by the National Committee on Governance Policy Board of Commissioners.
(KNKG), Indonesian Banking GCG Guidelines developed 3. Completeness and implementation of the duties of
by the KNKG and Principles for Enhancing Corporate the Committee.
Governance issued by the Basel Committee on Banking 4. Conflict of interest handling.
Supervision, where the company has conducted 5. Implementation of the compliance function.
governance assessment as follows: 6. Implementation of the internal audit function.
7. Implementation of the external audit function.
Self Assessment 8. Implementation of risk management including the
internal control system
Governance Self-Assessments are conducted 9. Provision of remuneration.
periodically at the end of June and December each year. 10. Provision of funds to related parties and the provision
For 2025, the Governance implementation standards, of large sums of money.
by referring to OJK Regulation No. 17 of 2023 concerning 11. Integrity of reporting and information technology
the Implementation of Governance for Commercial systems.
Banks, also started to comply with the provisions of 12. The Bank’s strategic plan.
OJK Circular Letter No. 14/POJK.03/2025 concerning the 13. Shareholder aspects.
Implementation of Governance for Commercial Banks. 14. Implementation of anti-fraud strategies, including
anti-bribery.
15. Implementation of sustainable finance, including
the implementation of social and environmental
responsibility.
16. Implementation of governance within the Bank
Business Group (BBG).
The Party Conducting The Assessment
The Company carries out a governance self-assessment by involving the entire Board of Commissioners, Directors,
and work units related to the intended governance assessment factors.
Assessment Results
In the assessment of the Company’s governance conducted in 2025, the results of the Self Assessment were as follows:
The results of the Corporate Governance self-assessment conducted in June 2025.
Self Assessment Results of Governance Implementation
Rank Rank Definition
Individual 2 This reflected the Company's Management's implementation of sound Good Corporate Governance.
In addition, there was sufficient satisfaction with Good Corporate Governance principles. In case
any weaknesses occurred in the implementation of Good Corporate Governance principles, these
weaknesses were generally minor and can be resolved through normal management actions.
Consolidation 2 This reflected the Company's Management's implementation of sound Good Corporate Governance.
In addition, there was sufficient satisfaction with Good Corporate Governance principles. In case
any weaknesses occurred in the implementation of Good Corporate Governance principles, these
weaknesses were generally minor and can be resolved through normal management actions.
986 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Hasil penilaian sendiri Tata Kelola Perusahaan yang dilakukan pada bulan Desember 2025.
Self-Assessment Results of Governance Implementation
Ranking Ranking Definition
Individual 2 Reflecting the Company’s management having performed the good Governance implementation.
The implementation of good Governance was reflected in the adequate fulfillment of Governance
principles. In case weaknesses in the implementation of Governance principles occurred, these
weaknesses were generally less significant and could be resolved through normal actions by the
Company's management.
Consolidation 2 Reflecting the Company’s management having performed the good Governance implementation.
The implementation of good Governance was reflected in the adequate fulfillment of Governance
principles. In case weaknesses in the implementation of Governance principles occurred, these
weaknesses were generally less significant and could be resolved through normal actions by the
Company's management.
From the results of the two assessments, the implementation of Corporate Governance in 2025 can be summarized
as follows:
Bank’s Name : PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Position : JANUARY - DECEMBER 2025
Self Assessment Results of Governance Implementation
Rank Rank Definition
Individual 2 This reflected the Company’s Management’s implementation of sound Good Corporate Governance.
In addition, there was sufficient satisfaction with Good Corporate Governance principles. In case
any weaknesses occurred in the implementation of Good Corporate Governance principles, these
weaknesses were generally minor and can be resolved through normal management actions.
Consolidation 2 This reflected the Company’s Management’s implementation of sound Good Corporate Governance.
In addition, there was sufficient satisfaction with Good Corporate Governance principles. In case
any weaknesses occurred in the implementation of Good Corporate Governance principles, these
weaknesses were generally minor and can be resolved through normal management actions.
ANALYSIS
1. PT Bank Tabungan Negara (Persero) Tbk
In general, the implementation of Corporate Governance is good. The Company’s management has implemented Governance
principles and has prepared a Governance Structure that supports the implementation of governance, such as organizational
structure, competent human capital, and policies as well as procedures that support the implementation of the Company’s activities.
In addition, the Company’s management’s efforts to make improvements have been carried out from time to time to ensure that
the implementation of governance is in line with the Company’s business development. Improvements were made by taking into
account input from the Board of Commissioners based on the results of monitoring/review/recommendations from the Committees
that support the duties and responsibilities of the Board of Commissioners.
During the reporting period, no violations of the precautionary principle were found in fulfilling CAR, Core Capital, NOP, and NPL and no
exceedances and/or violations of LLL occurred. The Bank’s commitments related to the audits by the OJK and the Audit Board of the
Republic of Indonesia (BPK) have been followed up under agreed deadlines..
Objectives:
a. The assessment of governance structure aims to determine the adequacy of the Company’s Governance structure and
infrastructure to ensure that the implementation of Good Governance produces an outcome that is in line with the expectations
of the Company’s Stakeholders. The Governance Structure consists of the Board of Directors, Commissioners, Committees,
and Work Units at the Company. The Governance Infrastructure consists of Company policies and procedures, management
information systems as well as main duties and functions of each organizational structure.
b. The assessment of the governance process aims to determine the effectiveness of the implementation of governance principles
supported by the adequacy of the Company’s governance structure and infrastructure, to produce outcomes that are in line with
the expectations of all the stakeholders.
c. The assessment of governance outcomes aims to determine the quality of outcomes that meet the expectations of all the
stakeholders, which results from the implementation of good governance principles and is supported by the adequacy of the
governance structure and infrastructure.
2025 Annual Report 987
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08 Corporate Governance
Outcomes consist of qualitative and quantitative aspects as follows:
a. Adequacy of report transparency.
b. Compliance with laws and regulations.
c. Customer protection.
d. Objectivity in conducting assessments or audits.
e. Company’s performances, such as profitability, efficiency and capital and/or
f. Increase/decrease in compliance with applicable regulations, violations of LLL, and violations of provisions related to Company
reports to the Financial Services Authority (OJK).
Based on the Governance Self-Assessment Analysis consisting of Governance Structure, Governance Process, and Governance
Outcome on each of the Governance assessment factors, it can be concluded that:
A. Governance Structure
The Governance Structure is generally adequate, as can be seen from the following summary:
1. Positive Factors
1.1 The General Meeting of Shareholders (GMS) held on March 26, 2025, granted full release and discharge (volledig
acquit at de charge) to the Board of Directors for their management of the Company and the Board of Commissioners
for their supervisory actions for the Company that had been performed during the 2024 Fiscal Year.
1.2 Based on the General Meeting of Shareholders (GMS) for the 2024 Fiscal Year held on March 26, 2025, the composition
of members of the Board of Commissioners consisted of 6 (six) members, and the Board of Directors was 12 (twelve)
members.
1.3 BTN held the 2025 Extraordinary General Meeting of Shareholders to discuss the approval of the separation of the
Company’s Sharia Business Unit (SBU) to PT Bank Syariah Nasional and the approval of the Company’s Articles of
Association regarding the separation of the Company’s Sharia Business Unit (spin-off), prevailing on the effective
date of the separation.
1.4 In carrying out its duties and responsibilities, the Board of Directors has integrity, competence and adequate
knowledge.
1.5 All members of the Board of Directors do not hold concurrent positions as Commissioners, Directors or Executive
Officers at other Banks, companies and/or institutions.
1.6 All members of the Board of Directors do not have family relationships up to the second degree with fellow members
of the Board of Directors and/or members of the Board of Commissioners or the Company’s Controlling Shareholders.
1.7 The composition of the members of the Board of Commissioners as of December 31, 2025 is 6 (six) members
with 3 (three) of them as Independent Commissioners or 50% (fifty percent) of the total members of the Board of
Commissioners, this is in accordance with the provisions.
1.8 All members of the Independent Board of Commissioners have no financial or management relationship with the
Board of Directors and/or Controlling Shareholders.
1.9 BTN had an Audit Committee, a Risk Monitoring Committee and a Nomination & Remuneration Committee, which
were under the Board of Commissioners considering the independence of membership in accordance with the Letter
of the Board of Commissioners Number 140/KOM/BTN/IX/2025 on September 26, 2025 concerning the Submission of
the Composition of Member of the Supporting Organ Committee of the Board of Commissioners of PT Bank Tabungan
Negara (Persero) Tbk.
1.10 BTN Compliance Unit was an independent unit separated from the operational unit (risk-taking unit) and part of the
Sharia Compliance Function Unit.
1.11 The Director in charge of the Compliance Function had satisfied the independence requirements, and did not hold
concurrent positions as President Director/Vice-President Director or Director in charge of business and operational
functions, risk management, treasury, finance and accounting, logistics and procurement of goods/services,
information technology, or internal audit. Furthermore, BTN’s Director in charge of the Compliance Function had
passed the fit and proper test by the Financial Services Authority (OJK).
1.12 BTN had an Internal Audit Work Unit called the Internal Audit Division (IAD), which reported directly to the President
Director. The Internal Audit Division (IAD) also had the authority to communicate directly with the Board of
Commissioners and the Audit Committee, including the Sharia Supervisory Board.
1.13 The appointment of the Public Accounting Firm (KAP) for the 2025 financial report has been determined and meets
the specified criteria.
1.14 BTN had established two business units that managed risk management, including Sharia risk management, such as
the Enterprise & ESG Risk Management Division (ERMD) and the Digital & Operation Risk Management Division (DORD).
1.15 BTN had policies regarding remuneration for members of the Board of Directors, the Board of Commissioners, the
Sharia Supervisory Board, and Bank employees.
1.16 BTN had a comprehensive funding provision policy, including monitoring tools and resolution measures, and
conducted periodic policy evaluations. These evaluations were conducted by relevant divisions, involving and
coordinating with various business units, including the Compliance & Governance Division (CMGD), Enterprise & ESG
Risk Management Division (ERMD), Digital & Operation Risk Management Division (DORD), and Legal Division (LGD),
through the Policy and Procedure Division (PPD). The evaluation results were proposed to the Credit Policy Committee
through the Board of Directors accordingly.
1.17 BTN has policies and procedures regarding the procedures for implementing transparency of financial and
nonfinancial conditions which consist of internal and external regulations (regulators).
1.18 BTN had stipulated policies and procedures related to financial and non-financial transparency conditions and
arranged a governance implementation report in accordance with applicable provisions.
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1.19 The Company’s strategic plan has been formed into a Corporate Plan and a Business Plan in accordance with the
Company’s vision and mission.
1.20 The Board of Directors had stipulated the General Policy of the Board of Directors (GPD), such as “Strengthening
Engine for Sustainable Funding” and drafted 9 (nine) strategies in 2025.
1.21 Shareholders supported the Company’s sustainable business and problem-solving, while the Company had a
dividend policy, a fair relationship, ESOP/MSOP shares ownership, and drafted a dividend plan into BBP.
1.22 BTN had a sufficient system, policy, and structure to implement anti-fraud and anti-bribery, loan management in
accordance with GCG principles, and transparent procurement, as well as budgeting processes.
1.23 BTN had a sustainable financial action plan, risk management policy, and structure, including climate risk, and
allocation of social responsibility funds, as well as a business strategy integrating environmental, social, and
governance aspects.
1.24 BTN, the holding BUG, had governance coordination and evaluation policies and supports synergy through a
cooperation agreement in accordance with provisions.
2. Negative Factors
As of December 31, 2025, there was 1 (one) Director, who still performed the fit and proper test process by the Financial
Services Authority (OJK).
3. Identify Problems and Causes (Root Cause)
In connection with the resolutions of the 2025 AGM (the 2024 Fiscal Year), there was a change in the management of new
members of the Board of Directors, and they could not immediately work effectively because they were required to obtain
approval from the Financial Services Authority (OJK). As of December 31, 2025, there was 1 (one) member of the Board of
Directors, who still performed the Fit and Proper Test process.
4. Strength
4.1 The Board of Commissioners, Board of Directors, and the Board of Committees under the Company’s Board of
Commissioners have fulfilled the Governance structure and infrastructure in accordance with regulatory provisions,
including the appropriateness of the number, composition, concurrent positions, competence, reputation, integrity,
independence.
4.2 The implementation of Company Governance is supported by the structure of the Internal Audit Work Unit, Risk
Management Work Unit, and Compliance Work Unit which are independent and professional.
4.3 BTN had policies and procedures as guidelines in the implementation of corporate governance, such as related to
Conflicts of Interest Management, Implementation of Compliance Function, Implementation of Internal Audit Function,
Implementation of External Audit Function, Implementation of Risk Management including Internal Control System,
Provision of Remuneration, Provision of funds to related parties and provision of large funds, Integrity of reporting and
information technology systems, Bank Strategic Plan, Shareholder aspects, Implementation of anti-fraud strategies,
including anti-bribery, Implementation of sustainable finance, including implementation of social and environmental
responsibility, and implementation of governance in the BUG.
B. Governance Process
Governance process is generally adequate, as can be seen from the following summary:
1. Positive Factors
1.1 The Board of Directors had set strategic policies and decisions through the Board of Directors Meeting, communicated
effectively and efficiently to employees through various media, such as BTN Best, PPDigital, etc.
1.2 The Board of Directors has conducted routine performance reviews with all Divisions & Regional Offices, and the Board of
Commissioners is committed to conducting performance reviews with the Board of Directors on a monthly basis.
1.3 The Board of Directors had followed up findings and recommendations from the Internal Audit Division, findings or
inspection and recommendations from the Sharia Supervisory Board, the External Auditor, supervision results of OJK
and/or other authorities.
1.4 In terms of performing its duties and responsibilities, the Board of Directors, from January to December 2025, performed
some internal meetings, as follows:
1.4.1 The Board of Directors’ Internal Meeting was 173 (one hundred seventy-three) times.
1.4.2 The Board of Directors’ Meeting with the Board of Commissioners was 6 (six) times.
1.4.3 The Board of Directors’ Meeting with the Sharia Supervisory Board was 3 (three) times.
1.5 The Board of Commissioners always ensures that the principles of Corporate Governance are implemented in all of the
Company’s business activities.
1.6 In terms of performing its duties and responsibilities, the Board of Commissioners, from January to December 2025, held
some internal meetings, as follows:
1.6.1 The Board of Commissioners’ Internal Meeting was 56 (fifty-six) times.
1.6.2 The Board of Commissioners’ Meeting with the Board of Commissioners was 6 (six) times.
1.6.3 The Board of Commissioners’ Meeting with the Sharia Supervisory Board was 3 (three) times.
1.7 The Committee always carries out its duties independently through regular meetings with Divisions or Work Units
regarding BTN’s operational problems and conditions.
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1.9 BTN has submitted a report on the implementation of the duties of the Director in charge of the Compliance Function to
the regulator in a timely manner.
1.10 To ensure every drafted regulation, the Compliance Business Unit conducted a review to confirm the formulated regulation
in accordance with provisions from regulators and legislation, including Sharia principles. In January- December 2025,
the Compliance Business Unit conducted a study on the operation and loans sectors, and provision of funds as of 345
(three hundred and forty-five).
1.11 BTN had implemented an Anti-Bribery Management System based on global standards through ISO 37001:2016
certification on Anti-Bribery Management System (SMAP). In 2025, the implementation included 18 business units,
comprising retail credit, wholesale, credit risk, credit operations, procurement, asset management, and branch offices.
1.12 Implementation of Risk Management, including internal control, had been well-performed. The assessment showed a
low-to-moderate risk level profile.
1.13 Implementation of BTN’s Whistleblowing System employed third-party service, such as Deloitte Consultant, and BTN had
cooperated with the Corruption Eradication Commission (KPK) related to the Integrated Whistleblowing System (WBS)
for Corruption Crimes (TPK).
1.14 The implementation of the internal audit function has been adequate and meets stakeholders’ expectations, this is
reflected in the reports submitted by the Internal Audit Division to the Board of Commissioners through the Audit Committee
periodically (every quarter), namely the realization of the Annual Audit Plan, audit findings and recommendations, and
completion of follow-up actions on audit results.
1.15 The appointment of the Public Accounting Firm (KAP) has been in accordance with the minimum requirements set out
in accordance with the provisions and the audit implementation was carried out by an independent Public Accountant
(AP) and the recommendations of the Audit Committee through the Board of Commissioners.
1.16 BTN consistently monitored Risk Appetite and Risk Tolerance monthly, including analysis on exceedances and their
impacts, and compilation of recommendations and directions to management. The monitoring report was arranged
periodically and delivered regularly to the Board of Directors and related Divisions.
1.17 Risk Management Business Unit actively communicated regarding Risk Profile by Bank Wide, Company’s Sound Level,
Bank’s Risk Appetite, and Risk Tolerance through Risk Monitoring Committee’s and Risk Management Committee’s
Meetings.
1.18 Integration of Governance, Risk, and Compliance had been implemented through the implementation of the 2025 GRC
initiatives in an integrated and monitored manner.
1.19 Performing improvement of business and operational processes, as follows:
1.19.1 BTN had made an adjustment of BTN’s organizational structure in the post-2025 AGM by considering the Board
of Directors’ composition and nomenclature, and formation of SEVP and new Divisions.
1.19.2 Changes to Organizational Structure of Digital Branch in terms of supporting the implementation of digital
service development initiatives.
1.19.3 Changes to Enterprise Structure & ESG Risk Management Division (ERMD) in terms of supporting the improvement
of the risk model of governance capacity and capabilities.
1.19.4 Changes to Internal Audit Division (IAD) organization with strengthening the audit role in IT & Digital functions.
1.19.5 Changes to Organizational Structure of Directorate of Information Technology in terms of supporting the 2025-
2029 IT Strategic Planning Roadmap and boosting BTN’s vision, mission, and long-term plans.
1.19.6 Changes to Organizational Structure of Compliance & Governance Division (CMGD) in terms of regulation needs
related to the implementation of AML, PFT, and PPPSPM, such as the formation of Special Business Unit (SBU) or
nomination of person-in-charge for the implementation of AML, PFT, and PPPSPM programs.
1.19.7 Changes to Organizational Structure of Corporate Banking Division (CBD) and Wholesale Transaction Division
(WTD) in terms of the 2025 – 2029 RJPP related to the improvement of Transaction Banking capability and
supporting the corporation’s credit target growth.
1.19.8 Changes to Organizational Structure of Regional Offices and Branch Offices, which were part of Corporate Plan
initiatives, aimed to develop and improve BTN’s sales organization capability.
1.19.9 Currently, BTN has implemented ICOFR, which aims to ensure that the Bank’s financial statements is accurately,
reliably, and appropriately drafted in accordance with applicable standards.
1.19.10 Implementation of Anti-Fraud Strategy, including acceleration of significant fraud cases management through
interim reporting to satisfy regulatory reports.
1.19.11 Digitalization of the credit process through the implementation of the Decision Engine nationally.
1.19.12 Implementation of Loan Factory by creating value through improvement of customer loan service, efficiency,
and quality through digitalization of loan processes (Digital Verification and Decision Engine), periodic review of
risk models by independent units, as well as implementation of Developer Group-based CSM Cut-Off Score.
1.19.13 BTN officially performed the SBU spin-off to PT Bank Syariah Nasional (BSN) on November 18, 2025, with assets as
of IDR 71.3 trillion and operated on December 22, 2025.
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PT Bank Tabungan Negara (Persero) Tbk
1.20 Strengthening discipline of process and tiered control at every stage of the loan business process, in line with the
increase in low-quality loan which is quite high, and the loan granting process is carried out comprehensively by
consistently considering the 5 C’s aspects.
1.21 In decision making, BTN has formed a Loan Policy Committee and a Loan Committee so that the loan process can run
prudently.
1.22 During the January-December 2025 period, there were no violations and/or exceedances of the BMPK.
1.23 BTN had compiled, presented, and made transparent financial and non-financial conditions to stakeholders monthly,
quarterly, semiannually, and annually, with publication on the official website, including announcement of quarterly
Publication Financial Statements, and reporting to the Financial Services Authority in accordance with applicable
provisions, and supported by an adequate management system.
1.24 BTN has a Customer Complaint System that can be used by Customers through the Contact Center, Customer
Complaint System (SPN), Customer Service or submitted through BTN officers.
1.25 The Corporate Governance implementation report has been submitted completely and on time to the Financial
Services Authority or stakeholders in accordance with applicable regulations.
1.26 The Board of Directors has communicated the Bank’s Corporate Plan and Business Plan to all levels of the organization
and Controlling Shareholders.
1.27 The Board of Commissioners has carried out its functions and duties in terms of supervision (monitoring), namely
directing, monitoring, and evaluating the implementation of the Company’s strategic policies routinely every 1 (one)
month in a Performance Review meeting between the Board of Directors and the Board of Commissioners.
1.28 The Board of Directors routinely discusses policies and decisions related to the strategic plan through committee
meetings preceded by a pre-committee/steering committee.
1.29 BTN had communicated dividends policy and determined its distribution based on the Company’s interests,
shareholders’ rights, profitability performance, as well as considering internal and external aspects.
1.30 BTN had implemented the anti-fraud strategy in accordance with the Financial Services Authority regulations, ensured
effectiveness through policies, internal and external education, reported to the Board of Directors and Board of
Commissioners, as well as maintained governance in loans, procurement, and compliance with POJK provisions.
1.31 Implementation of the Anti-Fraud Strategy, including alert acceleration and fraud cases management through the
implementation of FDS Application and Transaction, fraud call team, Fraud Risk Assessment, routine awareness, and
improvement of IASC response.
1.32 BTN had applied sustainable finance, implemented an action plan and reporting, communicated to shareholders
and internal, supported sustainable business practices, allocated social-environmental funds, as well as integrated
climate risk management in business strategy and risk management.
1.33 BTN had applied good corporate governance principles in the implementation of the Bank Business Group (BBG).
2. Negative Factors
Generally, internal control was sufficient. However, the operation had not been performed optimally because a fraud case
still existed.
3. Identify Problems and Causes (Root Cause)
Overall, the governance process had been well-implemented in the Bank’s every business and operational activity. However,
its implementation required improvement in the understanding of the Standard Operating Procedure (SOP) and supervision
strengthening.
4. Strengths
4.1 BTN had performed compliance functions in accordance with the provisions of statutory, which included the
implementation of the Director of Compliance’s tasks, delivering reports to regulators, monitoring and evaluating
compliance aspects across business units, as well as awareness-raising and strengthening the compliance culture for
employees.
4.2 BTN performed the internal audit function effectively, which included the implementation of an independent supervision
with sufficient scope of work in accordance with the audit plan and monitoring, as well as reporting inspection results in
accordance with the provisions.
4.3 BTN had operated a risk management function in accordance with the provisions of statutory, which included the
implementation of the Director of Risk’s tasks, preparation of risk management policy along with a written and
comprehensive strategy and frameworks, including comprehensive risk limit setting or its risk type by considering the
risk level taken and risk tolerance to capitalization adequacy. In addition, the Bank periodically identified, measured,
monitored, and controlled the risks.
4.4 BTN had sufficient processes to ensure funds provision to related parties and large exposure in accordance with
prudential principles through a decision-making mechanism by management independently without intervention from
related and other parties.
4.5 BTN ensured transparency of product information in accordance with the provisions related to the Company’s Information
Product Transparency, and developed management processes of customers’ personal data utilization in accordance
with statutory.
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08 Corporate Governance
4.6 BTN was always committed to increasing business process quality and governance through various strategic initiatives in
accordance with the Bank Strategy Plan. The implementation of such initiatives was periodically supported and monitored
by the Board of Directors, as well as supervised through a supervisory mechanism by the Board of Commissioners.
4.7 BTN always performed remuneration by considering at least performance and risk aspects, peer-group fairness, targets,
the Company’s long-term strategies in the implementation of prudential principles, and risk management.
4.8 BTN was committed to satisfying shareholders’ rights by establishing transparent and fair GMS and a timely and accurate
material information procurement, protection of minority shareholders in accordance with independence, transparency,
and fairness principles.
C. Governance Outcome
The results of governance are generally Adequate, which can be seen from the following summary:
1. Positive Factors
1.1 The Board of Commissioners and Board of Directors had been responsible for the implementation of their duties to
shareholders and approved by shareholders in the Annual GMS in the 2024 Fiscal Year held on March 26, 2025.
1.2 BTN performance aspects were relatively stable based on the Financial Statements as of December 31, 2025 (Unaudited),
with the following details:
(in million)
No Performance As of December 2024 As of December 2025 (unaudited)
1 Aset 469,615 528,626
2 Laba 3,007 3,512
3 DPK 381,848 437,5
4 Kredit/Pembiayaan 357,973 400,6
5 Kualitas Kredit 3,16% 3,08%
1.3 Compliance Indicators as of December 2025
1.3.1 Capital Adequacy Ratio that had been formed by the Company after calculating loans, operational, and market
risks as of December 31, 2025, was 18,95%, while the Minimum Credit Requirement (KPMM) in accordance with the
risk profile, mandatorily established by the Company as of December 31, 2025, was 9,25%. Therefore, BTN’s Capital
Adequacy Ratio was above the minimum limit as required by the regulatorin the provisions of capital.
1.3.2 There was no excess or violation of the provisions of the Maximum Loan Limit (BMPK).
1.3.3 Non-Performing Loan (NPL) was 3,08 % (gross), so it was included in the sound category (2%-5%).
1.3.4 The Primary Statutory Reserves (Primary GWM) in Rupiah as of December 31, 2025, was 9,39%, so it satisfied 3%
minimum limit. The Statutory Reserves in Foreign Currencies (Foreign Currencies GWM) as of December 31, 2025,
was 4,02%, satisfying 4% minimum limit.
2. Negative Factors
2.1 There was a fine imposition from January to December 2025 as of IDR 198,818,009, - (one hundred and ninety-eight
million eight hundred and eighteen thousand nine Rupiah), increasing compared to January to December 2024, as of
IDR 108,636,752, - (one hundred eight million six hundred and thirty-six thousand seven hundred and fifty-two Rupiah).
2.2 There were violations of provisions that resulted in the occurrence of fraud cases from January to December 2025. The
number of fraud cases was 39 (thirty-nine) cases, an increase compared to the period from January to December 2024,
with 24 (twenty-four) cases.
3. Identify Problems and Causes (Root Cause)
3.1 The SOP comprehension and supervisory affirmation were required to ensure the implementation of tasks in accordance
with the stipulated standards.
3.2 The improvement of the reporting system and infrastructure was required to increase the effectiveness and accuracy of
the reporting process.
4. Strength
4.1 The Board of Directors had implemented the General Policy of the Board of Directors (GPD), such as “Strengthen Engine
for Sustainable Funding” and drafted 9 (nine) strategies in 2025, as follows:
4.1.1 Build a Sustainable Funding Engine.
4.1.2 Monetize housing ecosystem at-scale.
4.1.3 Transition from mono-bank lending to full banking offerings.
4.1.4 Launch multi-finance and insurance subsidiary to support the bank’s retail business and become true #2 Syariah
banking contender post spin-off.
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PT Bank Tabungan Negara (Persero) Tbk
4.1.5 Digitize front-end applications and back-end processes to improve customer experience and enhance employee
productivity.
4.1.6 Reinvent sales structure and operating model to drive sales growth and effectiveness of prioritized product
segments.
4.1.7 Enhance branch and salesforce productivity with revamped performance management and capability building
approach.
4.1.8 Improve reliability of banking platforms and accelerate modernization of tech capabilities; drive build and
adoption of advanced AI assets.
4.1.9 Strengthen risk underwriting and collections process to sustainably grow portfolio, addressing high restructured
portfolio and expedite late-stage recovery by setting up an asset management subsidiary.
4.2 BTN had drafted the Company’s 2025-2029 Long-Term Plan (RJPP) and 2025-2027 Bank Business Plan
2 . PT Bank Syariah Nasional
In general, the implementation of Company Governance had well-performed. The Company’s management applied governance
principles and prepared a governance structure supporting the implementation of governance, such as organizational structure,
competent human resources, supporting policies and procedures for the implementation of Company activities. In addition, the
Company’s management, at any time, made improvements so that the implementation of governance could be in accordance
with the Company’s business development. The improvements were conducted by considering inputs from the Company’s Board
of Commissioners based on the results of monitoring/review/recommendation from the Committee in supporting the duties and
responsibilities of the Board of Commissioners.
In the reporting period, none of the violation to prudential principles existed in satisfying CAR, Core Capital, and NPF, nor any of the
exceedances and/ or violation to BMPD. The Bank’s commitment related to the inspection results of the Financial Services Authority
(OJK) had been followed up in accordance with the agreed time target.
During 2025, BSN experienced significant events due to the corporate action’s decisions of PT. Bank Tabungan Negara (BTN), as
follows:
No Date Significant Events of Bank Syariah Nasional
1. January 15, 2025 A Conditional Share Purchase Agreement was signed by PT. Bank Tabungan Negara, PT. Victoria
Investama, and Bank Victoria International in the acquisition plan of PT. Bank Victoria Syariah.
2. January 17, 2025 OJK Approval regarding the acquisition plan of Bank Victoria Syariah by PT. Bank Tabungan Negara
(OJK Letter No. SR-20/PB.02/2025).
3 March 26, 2025 EGMS of Bank Victoria Syariah Approved the Company Acquisition of PT. Bank Tabungan Negara.
4 June 5, 2025 EGMS of Bank Victoria Syariah decided to agree on the acquisition plan for the Company’s shares by
BTN, which was conducted up to 100% (one hundred percent) of paid-up and subscribed capital in the
Company.
5 June 16, 2025 BTN determined that up to the effective date of separation or the stipulated date by BTN or “Standstill
Period,” where the Company had performed the Company’s limited operations and did not conduct
any corporate action outside the Company’s daily business activity.
The Board of Directors’ Decree No. 001/DIR-SK/JKT/VI/2025 regarding Aspiration of BTN as the
Shareholder (APSI) during the Standstill Period.
6 August 27, 2025 • Changes to the Company’s original name, previously Bank Victoria Syariah, to be Bank Syariah
Nasional
• Changes the Company’s original domicile, previously domiciled in the South Jakarta Administrative
City changed to the Central Jakarta Administrative City.
• Approving changes to the Company’s Articles of Association.
• Approving the update on the Recovery Plan in accordance with the Financial Services Authority
Regulation Number 5 of 2024.
• Dismissing the compositions of membership of the Board of Commissioners as many as 3 (three)
people and the Board of Directors as many as 3 (three) people based on the Statement of
Resolutions of Shareholders of Bank Victoria Syariah.
• Nominating the composition of new members of the Board of Commissioners as many as 5 (five)
people and the Board of Directors as many as 7 (seven) people based on the corporate action of
PT. Bank Tabungan Negara (BTN).
7 November 18, 2025 Approval of the spin-off of BTN’s Sharia Business Unit (SBU) had been provided in the Extraordinary
General Meeting of Shareholders (EGMS) of PT. Bank Tabungan Negara on November 18, 2025.
8 December 22, 2025 BSN accepted the assignment of BTN SBU assets and liabilities in accordance with POJK No. 12 of 2023.
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08 Corporate Governance
Objectives:
A. Assessment of governance structure aimed to assess the sufficiency of the structure and infrastructure of the Bank’s
Governance so that the implementation of Good Corporate Governance resulted in a suitable outcome in accordance with the
Bank’s stakeholders’ expectations. The components included in the Bank’s Governance were the Board of Directors, Board of
Commissioners, Committee, and Business Unit in the Bank. Meanwhile, the Bank’s governance infrastructure consisted of policy,
Bank procedures, management information system, and primary tasks and functions of the respective organizational structure.
B. Evaluation of governance process aimed to evaluate the effectiveness of the implementation process of Governance principles
supported by sufficiency of the Bank’s Governance structure and infrastructure, so that it produced appropriate outcomes that
were in accordance with the Bank’s stakeholders’ interests.
C. Evaluation of governance outcomes aimed to evaluate the quality of outcomes that satisfied the Bank’s stakeholders’ interests,
which were the results of the implementation process of good governance principles, and it was supported by the sufficiency of
the Bank’s Governance structure and infrastructure.
Some criteria in the outcomes included the qualitative and quantitative aspects, as follows:
1. Sufficiency of report transparency.
2. Compliance with statutory.
3. Consumer protection.
4. Objectivity in performing an assessment or audit.
5. Bank’s performance, such as rentability, efficiency, and capitalization; and/or
6. Increasing/declining of compliance with applicable provisions, violations of BMPD, and provisions related to the Bank’s reports to
the Financial Services Authority (OJK).
Based on the analysis of Self-Assessment, the implementation of Governance consisted of Governance Structure, Governance
Process, and Governance Outcome in the respective factors of the Governance assessment, and it was concluded that:
A. Governance Structure
Generally, the governance structure had been sufficient, as seen in the following summary as follows:
1. Positive Factors
1.1 The Extraordinary General Meeting of Shareholders (EGMS), held on June 5, 2025 has decided to approve and acquire the
Company’s shares by BTN, performing up to 100% (one hundred percent) of the paid-up and subscribed capital in the
Company. (Deed No. 91 on June 5, 2025).
1.2 Based on the Statement of Shareholders’ Resolution of Bank Victoria Syariah, held on August 27, 2025, the following had
been decided, as follows:
1.2.1 Changes to the Company’s name, previously named Bank Victoria Syariah, to Bank Syariah Nasional.
1.2.2 Changes to the Company’s domicile, previously domiciled in the South Jakarta Administrative City, to the Central
Jakarta Administrative City.
1.2.3 Approving changes to the Company’s Articles of Association in terms of the adjustment to Law, the Financial
Services Authority Regulation, and Regulation of the Minister of SOE (Deed No. 58 on August 27, 2025).
1.3 Based on the Statement of Shareholders’ Resolution of PT. Bank Victoria Syariah, held on August 27, 2025, it had been
decided to approve Updating of Recovery Plan in accordance with the Financial Services Authority Regulation Number
5 of 2024 (two thousand and twenty-four) regarding the Stipulation of Monitoring and Dispute Settlement in the
Commercial Bank P as delivered by the Company to the Financial Services Authority ( Deed No. 59 on August 27, 2025).
1.4 Based on the Statement of Shareholders’ Resolution of PT. Bank Victoria Syariah held on August 27, 2025, the following
had been decided , as follows:
1.4.1 Dismissing the compositions of membership of the Board of Commissioners as many as 3 (three) members and
3 (three) members of the Board of Directors based on the General Meeting of Shareholders (GMS).
1.4.2 Nominating the new composition of members of the Board of Commissioners, as many as 5 (five) members, and
7 (seven) members of the Board of Directors (Deed No. 60 on August 27, 2025).
1.5 In performing its duties and responsibilities, the Board of Directors had integrity, competency, and sufficient knowledge.
1.6 Members of the Board of Directors had no concurrent position as Commissioners, Directors, or Official Executives of other
Banks, companies, and/ or institutions.
1.7 Members of the Board of Directors had kinship relationships up to the second degree with fellow members of the Board
of Directors and/ or members of the Board of Commissioners and Bank Controlling Shareholders.
1.8 The composition of members of the Board of Commissioners as of December 31, 2025, was 5 (five) members, with 3
(three) of them as Independent Commissioners or more than 50% (fifty percent) of the total of the existing members of
the Board of Commissioners, and it had been in accordance with the provisions.
1.9 Members of the Board of Independent Commissioners had finance/managerial relationships with the Board of Directors
and/or Controlling Shareholders.
1.10 BSN’s Compliance Business Unit was an independent and separate business unit from the risk-taking business unit.
1.11 The Director of Compliance Function had satisfied an independent condition and not been in the concurrent position as
President Director/Vice President Director and Director of business and operations, risk management, treasury, finance
and accounting, logistics and procurement of goods/services, technology information, as well as internal audit functions.
In addition, the Director of Compliance Function at BSN had been declared to have passed the fit and proper test by the
Financial Services Authority (OJK).
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1.12 BSN had an Internal Audit Business Unit, called Internal Audit Division (IAD), having a direct responsibility to the President
Director.
1.13 Internal Audit Division (IAD) also authorized to directly communicate with the Board of Commissioners or Audit
Committee.
1.14 The stipulation of the Public Accountant Office (KAP) for the 2025 financial statements had been decided and satisfied
the determined criteria.
1.15 BSN had established 2 business units managing risk management, such as Enterprise Risk Management (ERMD) and
Financing Risk (FRS).
1.16 BSN had policies related to remuneration for members of the Board of Directors, Board of Commissioners, Sharia
Supervisory Board, and Bank employees.
1.17 BSN had a comprehensive funding provision policy, including monitoring tools and resolution measures, and conducted
periodic policy evaluations. These evaluations were conducted by relevant divisions, involving and coordinating with
various business units, including the Compliance & Governance Division (CMGD), Enterprise & ESG Risk Management
Division (ERMD), Digital & Operation Risk Management Division (DORD), and Legal Division (LGD), through the Policy and
Procedure Division (PPD). The evaluation results were proposed to the Credit Policy Committee through the Board of
Directors accordingly.
1.18 BSN had policies and procedures regarding transparent governance in the financial and non-financial conditions,
consisting of internal and external regulations (regulator).
1.19 Bank had stipulated policies and procedures related to financial and non-financial transparency conditions and
arranged a governance implementation report in accordance with applicable provisions.
1.20 Bank’s strategic plans had been formulated in the Corporate Plan and Bank Business Plan in accordance with the
Bank’s vision and mission.
1.21 Members of the Board of Directors had been approved as the Bank’s key parties based on the assessment of the fit and
proper test by the Financial Services Authority (OJK).
1.22 Bank had a sufficient system, policy, and structure to implement anti-fraud and anti-bribery, loan management in
accordance with GCG principles, and transparent procurement, as well as budgeting processes.
1.23 Bank had a sustainable financial action plan, risk management policy, and structure, including climate risk, and
allocation of social responsibility funds, as well as a business strategy integrating environmental, social, and governance
aspects
2. Negative Factors
2.1. As of December 31, 2025, there were 2 (two) members of the Board of Commissioners passing the fit and proper test; 2
(two) members of the Board of Commissioners were declared failed the fit and proper test; and 1 (one) member of the
Board of Commissioners was in the process of completion document for the fit and proper test requirements by the
Financial Services Authority ( OJK ).
2.2. BSN had its Audit Committee, Risk Monitoring Committee, and Nomination & Remuneration Committee, which were
under the Board of Commissioners. The Chairman of the Audit Committee had been nominated, but the Chairman of
the Risk Monitoring Committee and Nomination & Remuneration Committee had not been determined because they
were waiting for the results of the fit and proper test from the Financial Services Authority (OJK).
3. Identification of Issues and Root Cause
Referring to the statement of shareholders’ resolution on August 27, 2025, there was a change to the composition of the
Board of Commissioners, but 3 (three) persons of the Board of Commissioners had not actively obtained approval from the
Financial Services Authority (OJK).
4. Strengths
4.1 Members of the Board of Directors had been approved as the Company’s key parties based on an assessment of a fit
and proper test by the Financial Services Authority (OJK).
4.2 The Board of Commissioners, Directors, and Sharia Supervisory Board (SSB) had satisfied Governance’s structures and
infrastructures that had been in accordance with the provisions of the regulator, such as the conformity of number,
composition, concurrent positions, competency, reputation, integrity, and independence.
4.3 The implementation of the Bank’s Governance was supported by structures of professional and independent Internal
Audit, Risk Management, and Compliance Business Units.
4.4 BSN had policies and procedures as guidelines in the implementation of corporate governance, such as related to
Conflicts of Interest Management, Implementation of Compliance Function, Implementation of Internal Audit Function,
Implementation of External Audit Function, Implementation of Risk Management including Internal Control System,
Provision of Remuneration, Provision of funds to related parties and provision of large funds, Integrity of reporting and
information technology systems, Bank Strategic Plan, Shareholder aspects, Implementation of anti-fraud strategies,
including anti-bribery, Implementation of sustainable finance, including implementation of social and environmental
responsibility
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08 Corporate Governance
B. Governance Process
The governance process was generally sufficient, as seen in the following summary as follows:
1. Positive Factors
1.1. The Board of Directors had set strategic policies and decisions through the Board of Directors’ Meeting, communicated
effectively and efficiently to employees.
1.2. The Board of Directors had conducted performance reviews with Divisions and regular meetings with the Board of
Commissioners on a monthly basis.
1.2.1. The Board of Directors had followed up findings and recommendations from the Internal Audit Division, the External
Auditor, OJK’s evaluation results and/ or other authorities’ supervision results.
1.2.2. In terms of performing duties and responsibilities, the Board of Directors held 47 (forty-seven) Internal Meetings for
January- December 2025.
1.3. The Board of Commissioners always ensured the implementation of Corporate Governance principles in the Bank’s every
business activity.
1.4. To perform its duties and responsibilities, the Board of Commissioners, from January-December 2025, had performed
meetings, as follows:
1.4.1. The Board of Commissioners’ Internal Meeting was held 6 (six) times.
1.4.2. The Joint Meeting of the Board of Commissioners and Directors was held 8 (eight) times.
1.4.3. The Joint Meeting of the Board of Commissioners and the Sharia Supervisory Board was held 4 (four) times.
1.5. The Board of Commissioners always performed its duties independently through a routine meeting with the Division or
related Business Unit related to such issues and BSN operational conditions.
1.6. BSN had delivered the implementation report of the Director of Compliance Function’s tasks to the regulator punctually. To
ensure that every drafted regulation was in accordance with the provisions of the regulators or statutory, the Compliance
Business Unit conducted reviews of such regulations. For January-December 2025, the Compliance Business Unit had
made reviews with the following details, as follows:
1.6.1. Operational Section was 10 (ten) reviews.
1.6.2. Financing Section was 6 (six) reviews.
1.6.3. Funds Section was 5 (five) reviews.
1.7. The implementation of the internal audit function had been sufficient and satisfied stakeholders’ expectations. It reflected
from the report addressed by the Internal Audit Division to the Board of Commissioners via Audit Committee periodically
(quarterly), such as the Annual Audit Plan, related findings and recommendations, and settlement of audit results follow-
up.
1.8. The nomination of the Public Accountant Office (KAP) had been in accordance with the minimum requirements stipulated
in the provisions, and the audit implementation was conducted by an independent Public Accountant (AP) with the
recommendation of the Audit Committee via the Board of Directors.
1.9. Risk Management Business Unit actively communicated regarding Risk Profile by Bank Wide, Bank’s Sound Level, Bank’s
Risk Appetite, and Risk Tolerance through Risk Monitoring Committee’s and Risk Management Committee’s Meetings
1.10. In terms of decision-making, BSN had established the Financing Policy Committee and the Financing Committee so that
the financing process could operate prudentially.
1.11. For January - December 2025, none of the violations and/or exceedance to MPD existed.
1.12. BSN had compiled, presented, and made transparent financial and non-financial conditions to stakeholders monthly,
quarterly, semiannually, and annually, with publication on the official website, including announcement of quarterly
Publication Financial Statements, and reporting to the Financial Services Authority in accordance with applicable
provisions, and supported by an adequate management system
1.13. BSN had its Customer Complaints System that could be used by Customers through the Contact Center, Customer
Service or directly addressed through BSN officers.
1.14. Implementation of the Corporate Governance Report had been delivered completely and punctually to the Financial
Services Authority and stakeholders in accordance with applicable provisions.
1.15. The Board of Directors had communicated the Corporate Plan and Bank Business Plans to organizational levels and
Controlling Shareholders.
1.16. The Board of Commissioners had functions and duties in monitoring cases, such as directing, monitoring, and evaluating
the implementation of the Bank’s strategic plan policy regularly every 4 (four) months in the Performance Review meeting
together the Board of Directors.
1.17. The Board of Directors had discussed regularly related strategic plan policies and decisions, through meetings preceded
by the steering committee.
1.18. BSN implemented the anti-fraud strategy in accordance with the Financial Services Authority regulations, ensured
effectiveness through policies, internal and external education, reporting to the Board of Directors and the Board of
Commissioners, as well as maintaining governance in financing, procurement, and compliance with the provisions of
POJK.
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PT Bank Tabungan Negara (Persero) Tbk
2. Negative Factors
Generally, internal control was sufficient. However, it had not operated optimally due to a fine imposed by the regulator, such
as IDR 4,052,708 (four million fifty two thousand seven hundred and eight Rupiah) during 2025.
3. Identification of Issues and Root Cause
Overall, the good corporate governance process had been implemented in the Company’s every business and operational
activity. However, its implementation still required improvement in the comprehension of Standard Operating Procedures
(SOP) and monitoring of reporting to the regulator.
4. Strengths
4.1 BSN had performed compliance functions in accordance with the provisions of statutory, which included the
implementation of the Director of Compliance’s tasks, delivering reports to regulators, monitoring and evaluating
compliance aspects across business units, as well as awareness-raising and strengthening the compliance culture for
employees.
4.2 BSN had performed the internal audit function effectively, which included the implementation of an independent
supervision with sufficient scope of work in accordance with the audit plan and monitoring, as well as reporting
inspection results in accordance with the provisions.
4.3 BSN had operated a risk management function in accordance with the provisions of statutory, which included the
implementation of the Director of Risk’s tasks, preparation of risk management policy along with a written and
comprehensive strategy and frameworks, including comprehensive risk limit setting or its risk type by considering the
risk level taken and risk tolerance to capitalization adequacy. In addition, the Bank periodically identified, measured,
monitored, and controlled the risks.
4.4 BSN had sufficient processes to ensure funds provision to related parties and large exposure in accordance with
prudential principles through a decision-making mechanism by management independently without intervention
from related and other parties.
4.5 BSN had ensured transparency of product information in accordance with the provisions related to the Bank’s
Information Product Transparency, and developed management processes of customers’ personal data utilization in
accordance with statutory.
4.6 BSN was always committed to increasing business process quality and governance through various strategic
initiatives in accordance with the Bank Strategy Plan. The implementation of such initiatives was supported and
monitored periodically by the Board of Directors, as well as supervised through a supervision mechanism by the Board
of Commissioners.
4.7 BSN always performed remuneration by considering at least performance and risk aspects, peer-group fairness,
targets, the Bank’s long-term strategies in the implementation of prudential principles, and risk management.
4.8 BSN was committed to satisfying shareholders’ rights by establishing transparent and fair GMS and a timely and
accurate material information procurement in accordance with transparency and fairness principles.
C. Governance Outcome
The result of Governance was generally Sufficient, which can be seen in the following summary as follows:
1. Positive Factors
1.1 The Board of Commissioners and Board of Directors had been responsible for the implementation of their duties to
shareholders and received by shareholders in the Annual GMS for the 2024 Fiscal Year performed on May 15, 2025.
1.2 Some BSN performance aspects relatively improved by the Financial Statements as of December 31, 2025, (Unaudited)
with the following details, as follows:
(in million)
As of December 2024 As of December 2025
Performance Bank Victoria Syariah Bank Syariah Nasional
(Audited) (Unaudited)
Asset 3.314.469 72.984.979
Profit 19.727 85.963
TPF 1.363.764 58.731.135
Financing 1.311.175 54.857.703
Financing Quality 1,58% 2,58%
1.3 Compliance Indicators as of December 2025
1.3.1 Capital Adequacy Ratio that had been formed by the Company after calculating loans, operational, and market
risks as of December 31, 2025, was 33,02%, while the Minimum Capital Requirement (KPMM), which exceeded the
risk profile mandatorily established by the Bank as of December 31, 2025, was 9% – 10%. Therefore, the BSC Capital
Adequacy Ratio was above the minimum limit as required by the regulator in the provisions of capital.
1.3.2 None of the exceedance or violation existed to Legal Lending Limit (BMPD).
1.3.3 None of the frauds or breaches occurred in the period from January to December 2025.
1.3.4 Non-Performing Financing (NPF) was 2,58% (gross), so it was included in the sound category (2%-5%).
1.3.5 The Statutory Reserves (GWM) as of December 31, 2025, was 2,6%, where the Company earned 4.94 KLM incentive
with Average GWM at 8,72%.
2025 Annual Report 997
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08 Corporate Governance
2. Negative Factors
The existence of a fine imposition from January to December 2025 as of IDR 4,052,708 (four million fifty-two thousand seven
hundred and eight Rupiah), which declined compared to the period from January to December 2024, such as IDR 52,798,604
(fifty-two million seven hundred and ninety eight thousand six hundred and four Rupiah).
3. Identification of Issues and Root Cause
3.1 System and infrastructure improvement was required to improve effectiveness and accuracy in the reporting process.
3.2 Facility and easy access for employees were required to improve the comprehension of SOP and ensure supervision to
ensure the implementation of tasks performed in accordance with the designated standards.
4. Strengths
4.1. Members of the Board of Directors had been approved as the Company’s key parties based on an assessment of a fit
and proper test by the Financial Services Authority (OJK).
4.2. The Board of Directors had stipulated new General Policies in accordance with company governance, comprising:
4.2.1. Operations and Supporting Function
4.2.2. Legal, Compliance, AML PFT, PPPSPM, and Good Corporate Governance
4.2.3. Bank Financing
4.2.4. Treasury, Funding, and Product Delivery Institutional Funding
4.2.5. Human Capital
4.2.6. Data and Digital Information Technology Management
4.2.7. Internal Control System
4.2.8. Risk Management
4.2.9. Environmental, Social, and Governance (ESG)
4.3 BSN telah menyusun Rencana Korporasi (Corporate Plan) Tahun 2025-2029 dan Rencana Bisnis Bank 2025-2027.
Conclusion:
1. BTN had conducted the 2025 Extraordinary General Meeting of Shareholders discussing approval related to the Company’s
Sharia Business Unit (SBU) to PT Bank Syariah Nasional and approval on the Company’s Articles of Association with the spin-off
regarding the Company’s Sharia Business Unit, prevailing on the effective date of spin-off on December 22, 2025.
2. To perform duties and responsibilities, BTN’s Board of Commissioners and Board of Directors had integrity, competence, and
sufficient knowledge. However, two persons, who were 1 (one) BTN’s Board of Directors and 1 (one) BTN’s Board of Commissioners,
still conducted a fit and proper assessment process by the Financial Services Authority (OJK).
3. BTN had its policy related to the implementation of coordination and evaluation related to governance in the business group,
as well as the implementation of banking synergy between holding and subsidiary companies. However, the implementation of
synergy, coordination, and evaluation had not been fully established in all sectors, so adjustments and maturation of the function
unit in the subsidiary management as the coordinator were required.
4. BTN and BSN implemented good corporate governance (GCG) principles by affirming compliance function, internal audit,
and risk management; execution of prudential principles in funds provision; transparency of customer information and data
protection; improvement of business process quality; prudent remuneration policy; and protection of shareholders’ rights.
5. BTN telah membentuk Komite Manajemen Risiko Terintegrasi untuk mendukung penguatan tata kelola risiko secara menyeluruh
di seluruh entitas dalam kelompok usaha.
6. To support the operational implementation, BTN, BTN, and BSN had conducted a banking synergy that was drafted in some
Cooperation Agreements with the following details, as follows:
6.1 Cooperation Agreement between BTN Number 42/PKS/DIR/2025 and BSN Number 02/DIR/PKS/BSN/X/2025 on October 20,
2025, concerning Synergy of Office Buildings of Banking Utilization.
6.2 Cooperation Agreement between BTN Number 52/PKS/DIR/2025 and BSN Number 011/DIR/PKS/BSN/XII/2025 on December 15,
2025 concerning Operational Activity Synergy, which included contact center infrastructure services, provision, and Human
Resources/Outsourcing management; services infrastructure complaint customer; ATM and CRM operational management
service; debit/ATM card printing service; customer service pinpad management service; token management service of
Sharia Cash Management System; currency management service; application management service; reconciliation service,
settlement of rights and obligations, and dispute settlement; record letter service; and merchants operational management
services (EDC and QRIS).
6.3 Cooperation Agreement between BTN Number 54/PKS/DIR/2025 and BSN Number 013/DIR/PKS/BSN/XII/2025 on December 15,
2025 concerning Synergy of Commercial Sharia Bank Services, which included the utilization of office network, infrastructure,
technology system, and Human Resources (HR) throughout BTN network office, where the transaction recording was
conducted via separated system as well as accompanied by implementation of knowledge transfer to the related HR related
to ensure service organization that was in accordance with Sharia principles and applicable provisions.
6.4 Cooperation Agreement between BTN Number 53/PKS/DIR/2025 and BSN Number 012/DIR/PKS/BSN/XII/2025 on December 15,
2025 concerning Activity Synergy in BTN Group’s business ecosystem, which included the utilization of the holding channels
acquisition; financing; collection & recovery; treasury management; cooperation with State Ministries/Institutions as well as
other institutions/partners; collaboration of promotional and communication media; collaborative campaign programs;
digitally customers acquisition; utilization of E Channel; and the improvement of sales productivity through sales tools usage.
6.5 Cooperation Agreement between BTN Number 11/PKS/HCSD/OD/2025, 16/PKS/ HCMD / Edev /XII/2025, 218/PKS/ LMD /LOS/
XII/2025 and BSN Number 01/PKS/HCP/HS/XII/2025 on December 15, 2025 concerning Banking Synergy Banking in the Human
Capital (HC) sector, which included utilization of the Global Grading System (GGS) application, BTN Best, B Gate, Astonia, and
Learning Management System applications, employees’ development and training programs, as well as the use of class
rooms and learning supporting facilities.
7. BTN had compiled the Company’s 2025-2029 Long-Term Plan (RJPJ) and the 2025-2027 Bank Business Plan, and BSN had also
collected the 2025-2029 Corporate and 2025-2027 Bank Business Plan.
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PT Bank Tabungan Negara (Persero) Tbk
Recommendations and Follow Up
Problem Follow-up
There are still a number of :The Company is committed to making improvements in the implementation of the Anti-Fraud
violations of regulations Strategy, including:
that have resulted in fraud 1. Prevention: Monitoring and evaluation/improvement of Anti-Fraud Strategy (AFS) policies under
incidents. the prevention function. Identification of vulnerabilities through activities including Fraud Risk
Assessment (FRA), Risk Control Self-Assessment (RCSA), RA/RT planning, and the use of the Fraud
Risk Register.
2. Detection: Digital Fraud Monitoring & Detection by developing rules, models, and customer risk
profiles to enhance the accuracy of the Fraud Detection System (FDS), as well as monitoring
flagged/triggered activities within the FDS. Non-Digital Fraud through coordination, consolidation,
and evaluation of detection results from surveillance systems, verification, control testing, and
supervision.
3. Investigation, Reporting, and Sanctions: Monitoring activities covering prevention efforts,
investigation progress status, fraud detection results, investigation results, imposition of sanctions,
recovery efforts, and litigation. DORD submits a consolidated report every 3 (three) months to the
Anti-Fraud Sub-Committee and the Board of Commissioners. The consolidated report includes
fraud detection results, investigation status and aging, investigation outcomes, completion of
follow-up actions, imposition of sanctions, and litigation.
Monitoring, evaluation, and follow-up are conducted on the status of fraud events, imposition of
sanctions, completion of action plans, and recovery efforts, as well as evaluation of fraud event
reports and the formulation of preventive follow-up measures.
Assessment by External Parties
In addition to Self-Assessment, the Company has Assessment Criteria
also consistently conducted Third Party assessments
to attain a second opinion on the quality of the GCG The assessment aspects of CGPI include Governance
implementation to unceasingly refine the quality of Structure, Governance Process, and Governance
the GCG implementation; this includes the Corporate Outcome).
Governance Perception Index survey, hereinafter
abbreviated as CGPI, which is organized annually by Party Conducting The Assessment
the Indonesian Institute for Corporate Governance
(IICG) and the GCG assessment is based on the ASEAN Pihak yang melakukan penilaian CGPI yaitu The
Corporate Governance Scorecard standards conducted Indonesian Institute of Corporate Governance (IICG).
by the OJK and the Indonesian Institute for Corporate
Directorship (IICD). Rating Score
GCG Rating - Corporate Governance
CGPI Score
Perception Index (CGPI) Award
The Company constantly takes part in ratings and 89.62 89.83 90.52 91.52 91.80
the Corporate Governance Perception Index survey,
hereinafter abbreviated as CGPI, every year, which is
organized by the Indonesian Institute for Corporate
Governance (IICG). CGPI is a research program and
rating of the quality of corporate governance with the
following assessment stages:
1. The instrument and Document Analysis Stage is
conducted through the following activities:
a. Self Assessment. 2021 2022 2023 2024 2025
b. Document Assessment.
2. Observation Stage
The observation stage is performed through
clarification of the assessment instruments and the
Company’s documents’ extensiveness, executive
exposure, and internal discussions.
2025 Annual Report 999
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08 Corporate Governance
Recommendations and Follow Up
No Recommendation Follow-Up
GOVERNANCE STRUCTURE
1 BTN required to optimize and establish BTN established an updated organizational structure in 2025, such as Technical
an organizational structure design Instructions Number PT.3-A.6 concerning the Organizational Structure of the Head
with clear lines of accountability and Office, Regional Offices, Branch Offices.
a flexible hierarchy in accordance with
the company's strategic plan, business
needs, technological developments,
and adaptive to the dynamics of the
business environment.
2 BTN needed to periodically update the In 2025, BTN updated existing internal regulations with the old Policy and Procedure
Company's policies and strategies Architecture being transformed into the New Policy and Procedure Architecture with
through comprehensive risk-based the following details:
analysis related to the dynamics of the 1. 10 (ten) General Policies had been issued which serve as Umbrella Policies for
business and industrial environment Bank operational activities.
in order to optimize the company's 2. 154 (one hundred and fifty four) Special Policies (KK) had been issued, which were
potential. derivative regulations of the General Policy.
3. 300 (three hundred) Technical Instructions had been issued, which were
derivative regulations of the Special Policy.
3 BTN required to continuously optimize BTN developed a Corporate Culture framework to provide an overview for BTNers
the organizational culture at every in understanding and implementing the Core Values of AKHLAK. To strengthen
level of the organizational structure the implementation of AKHLAK core values consistently and sustainably, BTN has
that was enthusiastic about dealing established 5 (five) cultural pillars, namely Sales & Service Culture, Governance &
with challenges, agile, flexible, Risk Culture, Performance Culture, Learning Culture and Digital Culture as behavioral
adaptive, innovative, and brave guidelines in achieving the company's vision and mission which are actualized
enough to take well-measured through 10 (ten) main programs as the implementation of cultural program activities
opportunities. in all work units within the Company.
GOVERNANCE PROCESS
1 BTN required to develop an effective BTN had prepared guidelines, as follows:
program for implementing ethical Joint Decree of the Board of Commissioners Number 01/SKPB/KOM/BTN/2024 and the
guidelines by all company members Board of Directors Number SKPB-01/DIR/BTN/2024 regarding the Code of Conduct
to avoid deviant behavior and of PT Bank Tabungan Negara (Persero) Tbk.
be more resilient in dealing with 2. Joint Decree of the Board of Commissioners Number 01/SKPB/KOM/BTN/2025
business dynamics, so that business and the Board of Directors Number SKPB-01/DIR/BTN/2025 on November 28,
integrity and sustainability were well- 2025 regarding the Code of Conduct and Professionalism of the Board of
maintained. Commissioners and Directors.
BTN also consistently implemented ethical guidelines for employees through various
programs that had been prepared.
2 BTN needed to optimize the business BTN had implemented systems and procedures related to Business Continuity
sustainability system and mechanism Management in accordance with Indonesian national standards.
in the company by implementing
and performing certification in
accordance with the SNI ISO 22301:
2019 standard regarding the Business
Continuity Management System .
3 BTN required to optimize the BTN had optimized its mechanisms for periodically identifying and evaluating
mechanism for periodic identification opportunities, threats, and business environment dynamics to ensure a more
and evaluation of opportunities, focused and responsive corporate transformation process. These efforts included
threats, and environmental dynamics, strengthening the strategic environmental monitoring system, accelerating strategic
as well as conduct business adjustment and integration, and optimizing resource allocation to enable the
transformation with rapid strategy company to respond to change quickly, accurately, and adaptively. BTN’s approach
integration and adjustment, optimal was expected to strengthen organizational resilience, increase competitiveness, and
resource allocation, so that the create sustainable value in the face of the dynamics of the banking industry.
company could respond to changes
quickly and adaptively and create
value sustainably.
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PT Bank Tabungan Negara (Persero) Tbk
No Recommendation Follow-Up
4 BTN needed to strengthen its BTN had strengthened its technological resource capabilities and capacity by
technological resource capabilities improving infrastructure quality, optimizing digital system utilization, and enhancing
and capacity to improve operational digital trust and cybersecurity. These efforts are aimed at increasing operational
efficiency, expand digital innovation, efficiency, expanding digital innovation, and ensuring more reliable protection of
and maintain digital trust and customer data and transactions. BTN’s stronger technological foundation could
cybersecurity, so that the company respond more adaptively to change, maintain stakeholder trust, and drive sustainable
was more adaptive in facing changes corporate growth.
and could maintain stakeholder trust
and sustainable growth.
5 BTN required to strengthen the BTN always communicated internally and externally periodically through various
company's internal and external media, including:
communications to ensure that 1. Holding Analyst Meetings, which were held 4 (four) times a year.
relevant parties had the same 2. Holding Annual Reviews with national and international rating agencies 3 (three)
understanding of the company's times a year.
vision, mission, and objectives, as 3. Interaction and discussion with investors and analysts, such as conferences
well as increase the company's meetings and Non-Deal Roadshows in a year.
brand value in the customers’ and 4. The company also communicated the company's vision, mission, and objectives,
stakeholders’ perception. and increased the company's brand value to internal company's through town
halls, CEO Message videos, etc.
GOVERNANCE OUTCOME
1 BTN needed to strengthen the BTN continuously strived to strengthen the company's capabilities, capacity, and
company's capabilities, capacities, core competencies through the implementation of increasingly adaptive, agile, and
and core competencies through the efficient strategies to address the dynamics of the banking industry. This effort was
implementation of adaptive, agile, realized through strengthening core processes, improving human resource quality,
and efficient strategies to support and optimizing the utilization of technology to ensure competitive strategy execution.
sustainable growth in company value These efforts were then expected to strengthen BTN's position in the banking
and strengthen its position in the industry, while supporting sustainable corporate value growth and making a positive
banking industry, as well as making a contribution to the economy.
positive contribution to the economy.
2 BTN required to consistently and BTN strived to strengthen customer-centric value growth by improving product
proportionally increase customer- quality, services, and performance that truly empower customers. This effort
oriented value growth by ensuring that was accompanied by the development of solutions relevant to consumer needs,
every performance result, product, enhanced service experiences, and strengthened collaboration within the financial
and service empowers consumers ecosystem to ensure consistent, proportional growth and support the creation of a
and builds a sound financial industry sound and sustainable industry.
ecosystem.
3 BTN needed to optimize the BTN continuously refined business processes to increase efficiency, strengthen
efficiency and effectiveness of the digitalization and data utilization, and develop human resource capabilities for
company's operations in order to more effective operational implementation. These efforts were supported by regular
improve financial and non-financial monitoring of financial and non-financial indicators to ensure consistent and
performance that supported the sustainable performance improvements and corporate value creation.
creation of corporate value for
consistent sustainable growth.
4 BTN required to progressively manage The Bank had placed employees in Regional Offices as Regional Legal Representatives
legal cases, currently being dealt with (RLR), whose duties and responsibilities included as follows:
and strive for optimal risk mitigation for 1. Providing legal assistance for litigation issues submitted by each work unit in
all lawsuits, and prevent the Company terms of implementing Bank operations according to its work area.
from reoccurring legal cases. 2. Exercising legal activities representing the Bank in court proceedings and outside
the court according to its work area.
3. Providing legal opinions and legal consultations on litigation issues submitted by
work units in the work area.
4. Performing legal watch functions according to the work area.
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08 Corporate Governance
No Recommendation Follow-Up
5 BTN needed to improve the company's BTN continuously strived to strengthen and improve its overall business innovation,
business innovation achievements not only in products and services, but also in core processes, support functions,
to be the best not only in products organizational performance, and corporate strategy. This innovation strengthening
and services but also in processes, was aimed at creating value-added breakthroughs, driving efficiency, and improving
supporting functions, organizational service quality to achieve sustainable competitive advantage. Through a structured
performance or strategies so that it and consistent innovation approach, BTN was committed to strengthening
becomes the company's competitive competitiveness and increasing corporate value to support sustainable growth.
advantage and increases the
company's value for sustainable
growth.
GCG Assessment Based on Asean Corporate Governance Scorecard (ACGS)
Another GCG assessment that the Company participates in is the ASEAN Corporate Governance Scorecard, a standard
for measuring Governance practices agreed upon by the ASEAN Capital Market Forum (ACMF). The ACGS is an initiative
of ASEAN countries as members of the ACMF to support corporate governance practices to promote ASEAN as a classy
asset and increase global investors’ confidence in the quality of companies in the ASEAN region.
Assessment Criteria
The ACGS assessment has 5 aspects which are categorized into the following 2 levels:
1. Level 1 consists of 4 parts as follows:
− Part A: Rights and Equitable Treatment of Shareholders
− Part B: Sustainability and Resilience
− Part C: Disclosure and Transparency
− Part D: Responsibilities of the Board
2. Level 2 , consists of Bonus and Penalty.
Parties Conducting The Assessment
Each ASEAN country appoints representatives of the Domestic Ranking Body (DRB) and Corporate Governance (CG)
Experts to conduct assessments based on ACGS parameters. In this regard, DRB and CG Experts from Indonesia are
represented by PT RSM Indonesia.
Skor Penilaian
According to the assessment results of the 100 registered companies by the 2024 ACGS criteriaperformed by the
representatives of CG Expert and DRB Indonesia (PT RSM Indonesia), the result was announced on July 24, 2025, and
BTN successfully achieved an award in the following 3 (three) categories, as follows:
1. Top 50 ASEAN Public Listed Companies (PLCs)
2. Top 5 Indonesia Public Listed Companies (PLCs)
3. ASEAN Asset Class Public Listed Company (PLCs)
In addition, the Company also obtained an award as the Registered Company, including in the ASEAN Asset Class
category. Based on the ACGS evaluation report submitted by the Indonesia Stock Exchange (BEI), the Company’s total
score based on the 2024 ACGS parameters was 120.75. The score improved from the Company’s score in the 2021
ACGS organized by ACMF, where the increase was 8.93 points. Assessment was reviewed based on the disclosure
of corporate governance practices through information that was publicly available and could be accessible to the
public, as well as covered information contained in annual reports, websites, announcements, and circulars issued by
the Company. The information used in the evaluation was the information presented in the English version.
1002 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
In the last 3 (three) years, the score of BTN ACGS was as follows:
Skor ACGS
110,29 111,82 120,75
122
120
118
116
114
112
110
108
106
104
2019 2021 2023
The company also carries out evaluation ACGS 2024 against criteria ACGS Revised version 2 – March 2024. This show
that implementation implementation GCG in the Company is increasingly Good from year to year .
The Company also performed the 2024 ACGS assessment on the ACGS Revised version 2 category – March 2024.
It demonstrates that the GCG implementation in the Company has improved annually.
2025 Annual Report 1003
Page 573
08 Corporate Governance
Recommendations and Follow-Up
No. Recommendation Follow-up
1 Providing an opportunity for shareholders to The Company has provided an opportunity for all shareholders to elect
elect candidates for the Board of Directors and/ candidates for Directors and/or Board of Commissioners individually;
or Board of Commissioners individually. however, no individual elections were conducted for each Director and/or
Board of Commissioners.
2 Ensuring that the Company disclosed The Company ensured that the remuneration of each member of
information regarding details of remuneration the Board of Commissioners. Remuneration had been disclosed and
and the total paid to each member of the Board included the following: 1. Fees 2. Allowances 3. Other salaries (including
of Commissioners. benefits in kind). The Company had disclosed detailed information on the
remuneration received by each member of the Board of Commissioners
and Directors, but had not disclosed details of the remuneration and the
paid-up amount.
4 Disclosing that an annual performance The Company had disclosed the annual performance assessment of the
assessment of the Board of Directors and Board Board of Directors and Board of Commissioners for the current year, which
of Commissioners in the current year had been was submitted in the annual report.
performed.
Asean CG Scorecard Assessment by IICD 2024
The ASEAN Corporate Governance Scorecard (ACGS) is implemented to support efforts aimed at enhancing investor
confidence in the quality of companies in the ASEAN region through the improvement of governance standards and
practices. ACGS is participated by entities from all ASEAN jurisdictions, including Indonesia, Malaysia, the Philippines,
Singapore, Thailand, and Vietnam. The benefits and objectives of the ASEAN CG Scorecard are as follows:
a. The need for a reference that can be used as a guide in preparing an effective strategy for improving future
corporate governance practices.
b. Enhancing standards and practices of corporate governance for publicly listed companies in ASEAN.
c. Boosting global investment attractiveness for wellgoverned publicly listed companies in ASEAN.
Based on the independent assessment results, having been performed by the Indonesian Institute for Corporate
Directorship ( IICD ), BTN successfully achieved the Best Overall in the MidCap PLCs and Top 50 Issuers categories with
Middle Market Capitalization ( MidCap PLCs).
1004 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
GCG Assessment by The 2025 TOP GRC
The company also followed the 2025 TOP GRC event. The event was an annual corporate rating (award) in the
Corporate Governance ( GCG ), Risk Management, and Compliance Management categories. The purpose of the TOP
GRC implementation was to boost the Company’s business improvement through the Integrated GRC implementation
and policy development. The 2025 TOP GRC theme was “Resilience to Sustainability: Leading Through GRC .” In the
2024 TOP GRC award, the collaboration was between Top Business Magazine and Indonesian GRC Association, IRMAPA
(Indonesian Risk Management Professional Association), ICoPI (Institute Compliance Professional of Indonesia), and
PaGi (Indonesian Governance Professional Association), as well as several GCG and Risk Management consulting
companies. The stages that had been investigated were as follows:
1) The implementation of the interview and question-and-answer stages was conducted by BTN Management, the
Board of Directors, and the 2025 Top GRC’s Board of Jurors on July 16, 2025.
2) On September 3, 2025, the 2024 TOP GRC award was held, and BTN successfully achieved several awards, as follows:
• PT Bank Tabungan Negara (Persero) Tbk as #5 Stars, namely Systems, infrastructure, and implementation
related to Good Corporate Governance (GCG), Risk Management, and Compliance Management, as well as
the use of digital technology in the company, are at a Very Excellent (Extraordinary) level, so that it greatly
supports the success of GRC implementation and the improvement of the company’s sustainable business
performance.
• Mr. Nixon LP Napitupulu (the President Director of PT Bank Tabungan Negara (Persero) Tbk was awarded
as the 2025 Most Committed GRC Leader, an Award granted to a Business Leader or President Director/The
Company’s Highest Leader, assessed to have high commitment in supporting system completeness and the
successful GRC implementation in the Company.
• The Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk was awarded as the 2025 High
Performing Board of Commissioners on GRC, an Award granted to the Company’s Board of Commissioners,
assessed to have a high commitment in supporting system completeness and the successful GRC
implementation in the Company.
2025 Annual Report 1005
Page 575
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM Throughout 2025, the Company successfully implemented the right strategies and initiatives so that the Company successfully recorded positive and sustainable achievements. Until December 2025, the Company successfully distributed 2025 Corporate Social and Environmental Responsibility (CSER) funds amounting to IDR119.91 billion, through various activities carried out in the CSER Program that support the Company in achieving Sustainable Development Goals. 1006 2025 Annual Report
Page 576
2025 Annual Report 1007
Page 577
09 Social and Environmental Responsibility Program
Throughout 2025, the Company successfully implemented the right strategies and initiatives so that
the Company successfully recorded positive and sustainable achievements. Until December 2025, the
Company successfully distributed 2025 Corporate Social and Environmental Responsibility (CSER) funds
amounting to IDR119.91 billion, through various activities carried out in the CSER Program that support the
Company in achieving Sustainable Development Goals.
The Company’s Social and Environmental Danantara Investment Management (BPI Danantara)
Responsibility –later abbreviated to CSER- of SOEs is the and the State-Owned Enterprises Regulatory Agency
implementation of the company’s commitment towards (BP BUMN) encourage all corporations under their
sustainable development. This program aims to make a supervision to ensure that the SOEs Social and
constructive contribution to the economy, social sector Environmental Responsibility (CSER) Program can have
and environment, as well as regulation and governance an impact on the community and as a form of support
in accordance with integrated and directed principles. for the Government’s program focused on 3 (three)
This program ought to generate measurable impacts, priority areas, namely Education, Environment, and
is accountable and becomes a part of the Company’s Development of Micro, Small and Medium Enterprises
business approach. As one of the biggest banks in (MSMEs). The implementation of the SOEs CSER
housing loans (KPR) as well as a state-owned enterprise Program applies the principles of integration, direction,
(SOEs), the Company is committed to supporting measurable impact, and accountability.
sustainable development. Factual assistance is
provided by the Company by conducting selected The accomplishment of the Company’s CSER
financing following the principles of sustainable finance. Program intends to make contributions to sustainable
development, support business in the long term and
The Company continues to strengthen its commitment fulfill the expectation of related stakeholders. The
to social and environmental responsibility through Company interprets the CSER program not only as an
integration with the Sustainable Development endeavor to construct a harmonious and mutualistic
Goals (SDGs) and implementation of the Social and relationship with the environment, community and
Environmental Responsibility (CSER) program. As a form stakeholders on local, national and global scale
of implementation of the Minister of BUMN Regulation but also as an effort to make a positive impact and
PER-1/MBU/03/2023 concerning Special Assignments contribution to sustainable economic development.
and Social and Environmental Responsibility Programs The moral duty of the company is to help the business
for State- Owned Enterprises, the Company has prepared flourish and improve the domestic sustainable
initiatives that focus on sustainable development goals economy by holding onto integrity values, obeying the
and concern for the environment. law and constitution and upholding business ethics.
1008 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The TJSL program in 2025 is focused on the main pillars 3. Economy, attaining quality economic growth
based on the Regulation of the Minister of State-Owned through sustainable employment and business
Enterprises Number PER-05/MBU/04/2022 concerning opportunity, innovation, inclusive industry, adequate
the Social and Environmental Responsibility Program infrastructure, affordable clean energy and
of State-Owned Enterprises and the Regulation of the supported by partnerships.
Minister of State-Owned Enterprises of the Republic 4. Legal and Governance, realizing legal certainty and
of KPR Number PER-6/MBU/09/2022 concerning effective, transparent, accountable and participative
Amendments to the Regulation of the Minister of governance to create security stability and achieve
State-Owned Enterprises Number PER-05/MBU/04/2022 a state based on law.
concerning the Social and Environmental
Responsibility Program of State-Owned Enterprises and Throughout its implementation, CSER Program is in
PER-01/ MBU/03/2023 concerning Special Assignments accordance with the following principles:
and Social and Environmental Responsibility Programs of 1. Integrated, meaning that it is conducted based on
State-Owned Enterprises, namely social, environmental, risk analysis and business processes relevant to the
economic, and legal and governance. stakeholders.
2. Targeted, meaning that it goes in a clear direction to
CSER Program was implemented in accordance with the reach the Company goals.
main pillars, described below: 3. Measurable, meaning that it makes contributions
1. Social, achieving the fulfillment of quality basic and presents benefits that bring transformation or
human rights fairly and equally to improve the added value for stakeholders and the Company.
welfare of the community. 4. Accountable, meaning that being accountable to
2. Environment, implementing sustainable avoid potential abuse and irregularity.
management towards natural resources and
environment as the support for all lives.
The current CSER Program is no longer referred to the old Corporate Social Responsibility (CSR) model that is
based on charity or philanthropy activities but is supposed to create added value or Creating Shared Value (CSV).
CSV refers to the CSER agenda that offers sustainable added value for the community and is able to present benefits
for Company in line with the Focus and Pillars of CSER.
Differences between CSR Programs and CSER Creating Shared Value (CSV)
CSR TJSL CSV
Philosophy Pure social assistance (charity, philanthropy) Social support which offers/creates economic value
for beneficiaries and Companies
Value Good deeds with no return to the Company - It provides solutions to social problems, offering
sustainable economic benefits to the community
- BTN receives impacts from the social assistance
Outcome Benefits are bounded only for recipients It gives social, economic and environmental impacts
and are not sustainable on the community and is related to sustainable
company business
2025 Annual Report 1009
Page 579
09 Social and Environmental Responsibility Program
THE THE COMPANY’S COMMITMENT TO SOCIAL
AND ENVIRONMENTAL RESPONSIBILITY
The Company views the implementation of Social The Company provides support and contribution
and Environmental Responsibility (CSER) as a form to the achievement of SDGs, namely development
of accountability for the existence of the Company that prioritizes harmony between economic, social
to all stakeholders. The Company carries out various and environmental aspects. With the support and
activities in the CSER Program that are appropriate contribution, the Company believes that it has laid
and relevant to the Company’s business and activities down a sustainable foundation, i.e. by creating longterm
as well as possible. The implementation of the TJSL value which is through the creation of sustainable
program is carried out as a form of the Company’s competitive advantage not only for the Company, but
participation in efforts to improve the economic level of also for the wider community and environment and
the community directly affected by the economic crisis strengthening resilience.
caused by the Covid-19 pandemic, as well as part of its
contribution to sustainable development.
SGDs Pillars
LEGAL AND
SOSIAL ECONOMIC ENVIRONMENT
GOVERNANCE
PILLARS PILLARS PILLARS
PILLARS
Sustainable Development Goals (SDGs) are a global Targets which are expected to be achieved by 2030.
action plan agreed by the world leaders, including The Company is aware of its obligation to participate
Indonesia’s. Indonesia’s commitment to realizing in the achievement of the SGDs, especially at point
Sustainable Development Goals is stipulated 11, i.e. developing decent, safe and affordable cities
through Presidential Regulation No. 59 of 2017 on the and settlements for everyone by 2030 through house
Implementation of the Achievement of Sustainable ownership financing (KPR) products for the community.
Development Goals. SDGs contains 17 Goals and 169
ESG COMMITTEE
ESG & CSER Program
In proposing this ESG framework, strategy and roadmap, with internal participants consisting of 20 divisions,
the Company also pays attention to stakeholder which aim to be supporting validators for the proposed
involvement, including conducting benchmarking draft ESG framework, strategies and initiatives, thereby
with companies that have implemented ESG both forming an ESG framework that is in line with the
domestically and abroad and holding an ESG Workshop Company’s readiness and ambitions.
1010 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Duties and Responsibilities of the ESG Committee
The Environmental, Social and Governance (ESG) Committee, which was formed to achieve Sustainable
Development Goals and Climate targets, plays a role in providing recommendations to the President Director
to formulate policies, strategies and targets for ESG and CSER programs that have an impact on the environment,
social and governance as well as facilities in carry out monitoring and decision making related to the
implementation of the Company’s ESG and CSER programs.
The duties of the ESG Committee is to carry out evaluations and provide recommendations to the President Director
regarding ESG, among others:
1. Decisions on the Bank’s strategy that has an impact on the environment, social and governance in the ESG program
and roadmap.
2. Monitoring the implementation of the Bank’s ESG strategy and roadmap.
3. Provide information to the Company’s management regarding ESG-related issues including legislation, government
programs, international developments, future business trends and climate change.
4. Monitor, evaluate and provide recommendations on the results of ESG reports, concerned investors or other third
parties regarding ESG implementation.
Membership Structure
The ESG Committee is regulated in Special Policy No. KK.9 - D concerning Governance Procedures The Board of Directors
Committee has the following structure:
Position Voting Rights Description
Chairman President Director Permanent Member
(concurrently
serves as
permanent member)
Directors / SEVP Vice President Director *) Permanent Member
Director in charge of Risk Management**) Permanent Member
Director in charge of Finance & Strategy Permanent Member
Director in charge of Information Technology Permanent Member
Director in charge of Human Capital & Compliance X Permanent Member
Director in charge of Operations Permanent Member
Director in charge of Treasury & International Banking Permanent Member
Director in charge of Consumer Banking Non-Permanent Member
Director in charge of Network & Retail Funding Non-Permanent Member
Director in charge of Corporate Banking Non-Permanent Member
Director in charge of Commercial Banking Non-Permanent Member
SEVP in charge of Digital Business Non-Permanent Member
SEVP in charge of Asset Management Non-Permanent Member
SEVP in charge of Credit Risk Non-Permanent Member
*) Alternate Chairman I
**) Alternate Chairman II
2025 Annual Report 1011
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09 Social and Environmental Responsibility Program
GENERAL CONDITIONS OF SOCIAL
AND ENVIRONMENTAL RESPONSIBILITY
IMPLEMENTATION
The Social and Environmental Responsibility (CSER) In 2025, Company has accomplished some CSER
is a program mandated by the Government to agendas following the 4 (four) CSER Pillars namely Social,
State-Owned Enterprises. CSER is motivated by Economy, Environment and Law and Governance and
environmental and social problems arose as a result 3 (three) main focus, namely Education, Environment
of rapid development for economic growth. Thus, the and MSMEs Development. The combination of the four
role of financial institutions is needed in supporting CSER Pillars and three CSER focuses, Bank BTN classifies
sustainable development without damaging the the agendas into:
environment and society. CSER is seen as a tangible 1. Flagship CSER Program.
manifestation of the Company’s contribution to the 2. Creating Shared Value (CSV) CSER Program.
efforts in achieving the Sustainable Development Goals, 3. Collaborative CSER Program.
by providing economic, social, environmental and
legal and governance benefits with more integrated, The three programs aim to maintain business continuity,
targeted, measurable and accountable principles. pure social and environment, branding and reputation.
For the Company, CSER gives a strategic direction in
developing financing portfolio for sustainable business The Company understands that the substance of the
activities as well as changes that will be made by the CSER program does not only lead to efforts to build
Company in business processes and risk management. harmonious and mutually beneficial relationships with
The changes achieved are relevant in the context of the environment, community and stakeholders—both
integrating Environmental, Social, Governance (ESG) locally, nationally and globally—but also leads to the
risk management in the Company’s business activities. Company’s mission to have a positive impact and
contribution to sustainable economic development.
CSER Pillars, Focuses, Programs, and Benefits
4 PILLARS 3 CSER
CSER FOCUSES FLAGSHIP CSER
PROGRAM
Business
Continuity
SOCIAL
EDUCATION
CSV CSER
PROGRAM
ENVIRONMENT Pure Social &
Environment
MSMEs DEVELOPMENT
ECONOMY
COLLABORATIVE
CSER PROGRAM Branding &
LEGAL AND
GOVERNANCE Reputation
ENVIRONMENT
1012 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
The Company is committed to fulfilling this responsibility Thus, the CSER program carried out by the Company
by constantly running a sound business as well as is expected to provide benefits for social and
improving programs and activities related to CSER. environmental development, contribute to added value
Various activities carried out simultaneously reflect the creation for the Company and foster the community’s
Company’s contribution to sustainable development micro and small businesses to be more resilient and
goals whose implementation is based on the principles independent.
of the ISO 26000 standard.
Consumer
Issues
Community
Human
Involvement and
Right
Development
7
PRINCIPLES
OF ISO 26000
Labour
STANDARD Fair Operating
Practice Practice
Environment Organizational
Governance
The implementation of the CSER program is oriented to achieving Sustainable Development Goals (SGDs) and is
guided by ISO 26000, with the hope that the implementation of CSER at SOEs is more measurable, impactful and
sustainable. The Company’s CSER program aims to:
1. Provide benefits for economic, social, environmental and legal and governance development for the Company;
2. Contribute to the creation of added value for the Company in integrated, directed, measurable and accountable
manners;
3. Foster micro and small businesses and the surrounding communities to be more resilient and independent.
Furthermore, the Company has also set strategic objectives that are beneficial, sustainable and supporting the
streamlined operation of the Company. This goal setting is also based on the concept of People, Planet and Profit
Balance.
2025 Annual Report 1013
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09 Social and Environmental Responsibility Program
The Company continues to be committed to encouraging sustainable finance through the integration of
Environmental, Social and Governance (ESG) aspects in its business and operational activities. The Company’s
journey in the ESG realm involves planning how the Company manages environmental impacts, addresses social
issues, and maintains ethical governance standards in all of its banking operations. The Company’s implementation
of sustainable finance has been carried out since 2019 through the publication of the Sustainable Finance Action Plan
(RAKB) which refers to OJK Regulation No. 51/POJK.03/2017 concerning Sustainable Financing of Financial Services
Institutions, Issuers and Public Companies.
The Company as a State-Owned Enterprise (BUMN) and one of the largest banks in Indonesia is committed to
supporting the realization of sustainable development. This is realized by the Company by providing selective
financing, which is in line with the principles of sustainable finance and the implementation of a sustainable Social
and Environmental Responsibility Program (CSER).
CSER programs that support Sustainable Finance include:
No. Program Name Program Implementation Work Unit
Implementation of a series of housing ecosystem entrepreneurial
1. Corporate Secretary
activities (BTN Housingpreneur)
2. Skills Development of people with disabilities Corporate Secretary
3. Planting trees and/or mangroves Corporate Secretary
4. MSME development training Corporate Secretary
5. Social Return on Investment (SROI) Assessment Corporate Secretary
6. Scholarships/Educational assistance for outsourced workers’ children Corporate Secretary
1014 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
REALIZATION OF CORPORATE SOCIAL
AND ENVIRONMENTAL RESPONSIBILITY (CSER) 2025
Through the CSER program, the Company aims to encourages the Company to innovate and develop
have a positive impact on human social life and the together with society. Therefore, the Company
environment. The Company’s CSER program is directed continues to realize its strategic role in supporting
at empowering communities, improving the quality of sustainable development and creating positive value
life, and maintaining the sustainability of the surrounding for all stakeholders.
ecosystem. CSER is one of the important pillars that
In 2025, BTN received the following awards:
Media/Institution Award Date
BUMN Track 5th TJSL & CSR Award 2025 June 25, 2025
1. Social Pillar (Gold)
2. Economic Pillar (Gold)
3. Environmental Pillar (Gold)
Detik Awards 2025 Best Bank for Empowering Housing Sector Entrepreneurs November 18, 2025
Highlights of CSER Activities in 2025
1. Social Pillar
Growing together with the community is one of the Company’s main goals which is pursued through holding
a series of activities that contribute to improving the quality of social, cultural, religious and social welfare
life. This effort is in accordance with the achievements of SDGs 1, 2, 3, 4 and 5.
BTN Provides Assistance for Renovating BTN Supports Education Funds
Uninhabitable Houses for Students Affected by Disasters
BTN President Director Nixon LP Napitupulu, along The Company, through its Medan Sharia Branch
with the Director of Human Capital and Compliance Office, provided educational financial assistance to
at BTN and the Financial Transaction Reports and 250 students affected by the disaster at the State
Analysis Center (PPATK), provided assistance to Islamic University of North Sumatra (UINSU).
residents of North Jakarta, Cikarang, and Cianjur.
The assistance provided 15 houses.
2025 Annual Report 1015
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09 Social and Environmental Responsibility Program
2. Economic Pillar
In order to achieve quality and sustainable social economic growth, the Company carries out activities to
increase employment and business opportunities. These various activities are expected to grow income
and reduce poverty levels in society in accordance with SDGs 7, 8, 9, 10, and 17.
BTN Housingpreneur 2025
The Company implemented an initiative
program designed to support the creation of a
sustainable business system related to the housing
ecosystem, including a series of competitions and
entrepreneurial training programs under the BTN
Women Champion Entrepreneurs Connection (WCEC)
Housingpreneur program. This is the second year
of BTN Housingpreneur. The series of activities were WCEC is a major initiative program for women
carried out through roadshows in five cities: Jakarta, entrepreneurs across Indonesia conducted online
Bandung, Surabaya, Medan, and Makassar. The which aims to improve business skills and increase
selection and awarding process will take place in income.
early 2026.
English Language Skills Training and Certification
for Person with Disabilities (BTN Skillability)
The Company initiated a program aimed at helping
persons with disabilities to improve their English
skills and obtain employment opportunities. The
activity was held in Jakarta with 50 participants.
1016 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
3. Environmental Pillar
Environmental preservation is a priority for the Company. Therefore, the Company carries out natural
resource and environmental management activities which also aim to increase environmental awareness
in society. This effort indirectly supports the achievement of SDGs 6, 11, 12, 13, 14, and 15.
Mangrove Ecosystem Restoration Tree Planting Program in National Strategic Project Areas
for Blue Carbon with the Theme “Growing with Nature”
The Company implemented a Mangrove Tree planting was a measure aimed at
Ecosystem Restoration program for Blue Carbon strengthening Depok’s ecological function as a
to mitigate threats and conserve coral reefs and water catchment area. The planting of 5,000 tree
sea turtles. The goal is to sequester carbon, ensure seedlings was expected to increase CO2 levels.
economic resilience for coastal communities,
preserve biodiversity, and adapt to climate change.
Furthermore, mangroves can provide protection
against abrasion, erosion, seawater intrusion, and
sea level rise.
4. Legal and Governance Pillar
Efforts to strengthen legal and governance frameworks are carried out through policies and oversight that
are transparent, accountable, and uphold integrity, supporting the creation of institutions that are effective,
fair, and professional in line with Sustainable Development Goal 16.
1) Support for Facilities and Infrastructure 2) Support for High Profile Case (HPC)
of Rifka Annisa Women’s Crisis Center Support for the High Profile Case (HPC) on behalf
BTN is committed to implementing its Corporate of Susanti binti Mahpud Dharab represents a
Social and Environmental Responsibility (CSR) form of comprehensive assistance for a case with
program through the Legal and Governance high public attention and particular sensitivity.
Pillar by supporting the Rifka Annisa Women’s This support is provided to ensure that the
Crisis Center. Rifka Annisa Women’s Crisis handling process is conducted in a professional,
Center is a women’s crisis centre in Yogyakarta transparent manner and in accordance with
that focuses on eliminating gender-based applicable legal provisions. Susanti binti Mahpud
violence against women and children through Dharab is an Indonesian Migrant Worker from
comprehensive support services. Rifka Karawang, West Java, who faces the threat of the
Annisa Women’s Crisis Center is also actively death penalty in Saudi Arabia. BTN participated in
promoting policies that are more responsive to fundraising efforts to help cover the cost of fines
violence against women, as well as engaging to save Susanti’s life.
in prevention efforts through training, research,
and multiplatform collaboration.
2025 Annual Report 1017
Page 587
09 Social and Environmental Responsibility Program
Company’s TJSL budget in 2054 was allocated at IDR120 billion with achievements up to December 2025 of IDR119.91
billion or 99.93%.
Work Budget Plan Realization
No. Field of Activity %
per Sector 2025 (IDR) 2025 (IDR)
A SOCIAL PILAR
1. SDG 1 (No Poverty) 13,000,000,000 24,300,797,801 183.93
2. SDG 2 (Without Hunger) 35,000,000,000 32,834,988,494 93.81
3. SDG 3 (Healthy and Prosperous Life) 13,500,000,000 3,669,211,000 27.18
4. SDG 4 (Quality Education) 11,000,000,000 9,425,235,044 85.68
5. SDG 5 (Gender Equality) 600,000,000 582,000,000 97.00
B ECONOMIC PILAR
1. SDG 7 (Clean and Affordable Energy) 1,500,000,000 616,347,374 41.09
2. SDG 8 (Decent Work and Economic Growth) 13,000,000,000 25,330,651,968 194.85
3. SDG 9 (Industry, Innovation and Infrastructure) 8,000,000,000 4,648,205,100 58.10
4. SDG 10 (Reducing the Gap) 950,000,000 836,174,388 88.02
5. SDG 17 (Partnership To Achieve Goals) 400,000,000 452,974,000 113.24
C ENVIRONMENT PILAR
1. SDG 6 (Clean Water and Adequate Sanitation) 600,000,000 455,714,000 75.95
2. SDG 11 (Sustainable Cities and Settlements) 18,500,000,000 9,746,385,077 52.68
3. SDG 12 (Responsible Consumption and Production) 900,000,000 532,678,800 59.19
4. SDG 13 (Addressing Climate Change) 300,000,000 25,000,000 8.33
5. SDG 14 (Ocean Ecosystem) 500,000,000 516,763,040 103.35
6. SDG 15 (Terrestrial Ecosystem) 1,700,000,000 5,417,365,000 318.67
D LAW AND GOVERNANCE PILARS
1. SDG 16 (Peace, Justice and Strong Institutions) 550,000,000 521,230,966 94.77
TOTAL 120,000,000,000 119,911,722,052 99.93
1018 2025 Annual Report
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PT Bank Tabungan Negara (Persero) Tbk
Realization of CSER in Accordance with 3 (Three) CSER Focuses
1. Education Focus
Total educational facilities Total facility constructions
Total beneficiaries for
assistance was 25 in either reached 38 in either School,
educational funding assistance
School, Islamic boarding school, Islamic boarding school,
in 2025 reached 1,603 people
Madrasah, and University Madrasah, and College
It is hoped that CSER Company will encourage or provide positive things, such as a scholarship program
for young Indonesians so that they can get convenience and access to science and technology. Company
encourages, upgrades, or provides positive things in the field of education,such as scholarships for
underprivileged and high-achieving children, educational facilities and infrastructure, study rooms and
rehabilitation of teaching and learning buildings.
Photos of the 2025 CSR in Educational Sector.
2. MSME Focus
Total MSME training assistance reached 1,300 MSME businessmen; total MSME facility assistance
was 49 Business Groups; total MSME empowerment assistance was 65 MSMEs.
Company Social and Environmental Responsibility (CSER) is
directed to establish micro, small and medium entrepreneurs
in all areas through the provision of funding and empowerment
of MSMEs. SOEs is expected to stimulate the establishment of
micro, small and medium enterprise (MSMEs) and provide
funding for the emerging micro, small and medium enterprises
(MSMEs).
In achieving quality and sustainable economic growth, the
Company carries out activities to increase employment and
business opportunities. These various activities are expected to
grow income and reduce poverty levels in society in accordance
Photos of the 2025 CSR in MSME Sector
with the Sustainable Development Goals.
2025 Annual Report 1019
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09 Social and Environmental Responsibility Program
3. Environmental Focus
CSER of SOEs was directed to preserve the nature sustainability by synergizing between the environment,
people income and climate change. One of the programs is by planting beneficial trees, not only for
greening and oxygen supply, but also for people income and environmental conservation. Environmental
preservation is something the Company prioritizes. Therefore, the Company carries out natural resource
and environmental management activities which also aim to increase environmental awareness in society.
These efforts indirectly support the achievement of the Sustainable Development Goals.
Total Mangrove and Tree Plantings reached 24,648, comprising Mangrove, Fruit Trees
(Soursop, Breadfruit, Matoa, Mango, Jackfruit, Water Apple, Guava), Mahogany, Rasamala, Rain Tree, etc.
Photos of the 2025 CSR in Environmental Sector
1020 2025 Annual Report
Page 590
PT Bank Tabungan Negara (Persero) Tbk
CSER PROGRAM CONCEPT OF
CREATING SHARED VALUE (CSV)
1. Environmental Program
No. Program Name SDG Location Types of Assistance Number of Beneficiaries
The Delima UF Female Farmers
Urban Green Transformation SDG Ciracas, Urban Farming
1. Group (KWT) consisting
(Urban Farming) 15 East Jakarta Infrastructure
of 20 members
Description of the Impact Given to Beneficiaries
Assistance of urban farming facilities and infrastructure
was expected to support the sustainability of the circular
economy for the Delima UF Female Farmers Group
(KWT) in Ciracas, East Jakarta.
Benefits for companies
a. If the KWT Delima UF Farmers Group created an
economic circular, it was hoped that there would be
engagement with the Company so that the results of
the planting by the Farmers Group members would
be distributed to the Company.
b. As a contributor to improve the air environment in Jakarta.
2. BTN Education Program
Program Types of Number of
No. SDG Location
Name Assistance Beneficiaries
Business Provision of training, counselling, and relationship
1. SDG 4 Jakarta 30 participants
Incubation development to housing ecosystem entrepreneurs
2025 Annual Report 1021
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09 Social and Environmental Responsibility Program
Information on the impact provided to Beneficiaries
BTN Housingpreneur Incubation aimed to develop the housing ecosystem sector and sustainably support
the industry with a growing outcome, enabling young entrepreneurs to advance in the sector.
Benefits for companies
a. Introducing BTN as a bank focusing on housing for the community.
b. Participants were expected to work in the property sector and cooperate with BTN in assisting
the Government to satisfy the housing backlog for the community.
c. Creating young entrepreneurs having engagement with BTN.
In this activity, Company also collaborated with various stakeholders. Among them are housing associations
in this case the Indonesian Real Estate Company Association (REI) as Company’s strategic partner.
Company and REI together provided materials to participants: students from campuses
that are also BTN partners and novice developers.
This developer training program for millennials aims to provide students with supplies to prepare themselves
to become young developers who can later help the government in reducing the housing backlog in
Indonesia. In addition, it is also to strengthen Bank Company’s brand awareness as the bank that is most
concerned about housing issues in Indonesia.
2024 The Young Developer Training Program was part of the ESG Champion Initiative, which was a
component of the CSR Education program, and BTN’s Sustainable Development Program.
Graduates of this training were invited to participate in BTN’s first housing ecosystem
entrepreneurship competition, BTN Housingpreneur.
2025 BTN Housingpreneur Business Incubation was a follow-up program to the BTN Housingpreneur
competition, designed to foster and develop the potential of the finalists.
Program Number of
No. SDG Location Types of Assistance
Name Beneficiaries
Book procurement BTN collaborated with the Heka Leka
Ambon,
2. for the Child SDG 4 Foundation to provide books for the Child 100 people
Maluku.
Friendly Library Friendly Library Program
Information on the impact provided for Beneficiaries
a. Quality Education to ensure inclusive and
equitable quality education and increase lifelong
learning opportunities for all.
b. A Child Friendly Library is a safe place for children
to improve literacy.
Benefits for the company
BTN collaborated with the Heka Leka Foundation,
a BTN partner, to support the development of
Child-Friendly Libraries. This activity was a support
to literacy improvement through BTN’s Community
Service (TJSL) Program.
Child-Friendly Library Program in Ambon.
1022 2025 Annual Report
Page 592
PT Bank Tabungan Negara (Persero) Tbk
3. MSME Empowerment Program
Program Number of
No. SDG Location Types of Assistance
Name Beneficiaries
Jakarta, Bandung, Medan, MSME Competition in the
1. BTN Housingpreneur SDG 8 60 MSME
Surabaya, Makassar Housing Ecosystem Sector
Information on the impact provided to Beneficiaries
a. Supporting the creation of sustainable business
systems related to the housing ecosystem.
b. Developing the potential of young entrepreneurs
working in the housing ecosystem.
Benefits for companies
BTN created innovative, inclusive, and real-impact
housing for the Indonesian.
BTN’S Outstanding TJSL Program
Program Number of
No. SDG Location Types of Assistance
Name Beneficiaries
Gerakan Nasional BTN collaborated with BTN partners/
Cerdas Keuangan associates to provide financial education Students at Bhinneka PGRI
1. SDG 4 Tulungagung
(GENCARKAN) to participants as well as the distribution University, Tulungagung
Campaign of books/school equipment.
Gerakan Nasional Cerdas Keuangan (GENCARKAN) Campaign
The program, campaigned entitled Gerakan Nasional Cerdas Keuangan (GENCARKAN), aimed to improve financial
literacy in BTN’s partner schools and universities. By 2025, the GENCARKAN program was implemented in more than
20 schools and universities, with approximately 700 students participating. The GENCARKAN program contributed
significantly to the education sector, significantly improving the teaching and learning process through hands-on
practice, a process previously focused solely on theory.
2025 Annual Report 1023
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09 Social and Environmental Responsibility Program
Information on the impact provided to Beneficiaries
a. Quality Education to ensure inclusive and equitable quality education and lifelong learning opportunities for all.
b. TJSL GENCARKAN activity as a support for Financial Inclusion and encouraging school students or university
students to be able to understand the process flow of activities at the Bank.
Benefits for companies
BTN collaborated with Vocational and General Schools, which were BTN Partners, to provide financial support in the
form of campaigns and education for Bank Goes to School/Campus activities. The GENCARKAN program was a form
of Financial Inclusion Support through the BTN TJSL Program and also as a form of Financial Inclusion based on the
Financial Services Authority (OJK) Regulations as follows:
a. POJK No. 3 of 2023 article 22, the Bank is obliged to have a function or unit to implement the provisions of the
Financial Services Authority (OJK) regulations, including a financial literacy function or unit tasked with planning
and implementing activities to improve financial literacy and financial inclusion.
b. POJK No. 22 of 2023 article 11 and 12, PUJK is required to implement activities to improve financial literacy and
inclusion for consumers and/or the public as an annual program.
c. POJK No. 22 of 2023 article 12, Financial Services Businessman (PUJK) is required to prepare and submit a Financial
Literacy and Inclusion Report to the Financial Services Authority (OJK), consisting of reports on planned and
realized activities.
The Company continuously strived to improve public financial literacy. The effort aimed to prevent ineffective
financial management by individuals and groups due to a lack of financial knowledge. Ineffective financial
management could potentially lead to inappropriate use of products and services, mainly for people in remote
areas with low economic status and difficult access to financial resources. Against this backlash, the Company
strived to educate these groups to improve their financial literacy. In addition, it improved customers’ ability to use
products and services through the GENCARKAN program.
Program Number of
No. SDG Location Types of Assistance
Name Beneficiaries
BTN collaborated with Indonesia
Emas Foundation to provide food Children at Makasar, Pinang
East
2. Stunting Prevention SDG 2 and nutritional supplements as well Ranti, Kebon Pala, Halim, and
Jakarta
as routine medical check-ups, and Cipinang Kampung Melayu.
detect nutritional issues earlier
Provision of assistance to address stunting in children in Jakarta was crucial because
stunting, or failure to thrive due to chronic malnutrition, could impact the quality of
future human resources. Stunting children were at high risk of developing brain
problems.
Benefits for companies
BTN focused on the nutritional improvement of the stunting children, so it improved the
life quality of the Indonesian human resources.
Distribution of Nutritious Food
in Makasar Subdistrict,
East Jakarta.
1024 2025 Annual Report
Page 594
PT Bank Tabungan Negara (Persero) Tbk
Program Number of
No. SDG Location Types of Assistance
Name Beneficiaries
The company aims to protect the marine
Makassar, Pekalongan, ecosystem by planting mangrove trees
Mangrove
3. SDG 14 Pandeglang, Brebes, which will protect the balance of the 7.500 trees
Planting
Banda Aceh marine ecosystem from the threat of
damage.
Planting of 2.500 Mangrove trees in Lentebung, Makassar
Information on the impact provided to the Beneficiaries
a. This program was launched to maintain ecosystem balance, improve water quality, and strengthen coastal
defenses.
b. One of the efforts to prevent flooding is the preservation of mangrove ecosystems as coastal fortresses and green
open spaces as well as climate change action.
c. The area can be developed as a mangrove ecotourism destination to attract tourists from various regions.
Benefits for the company
In addition to maintaining the balance of the marine ecosystem, mangrove planting is also expected to maintain and
strengthen coastal defenses. It can also serve as an ecotourism destination that can boost the local economy.
CID Program Details Based on CSER Focus
No. Field Realization (IDR) Activity Categories Distribution of Aid Areas
1. Environment 14,506,600,009 • Greening of BTN Housing Complexes The Company’s CSER assistance has
• Tree Seedling Planting been carried out evenly across all
• Mangrove Planting work areas starting from DKI Jakarta,
• Sanitation Facilities and Infrastructure Denpasar, Madiun, Purwekerto,
• Public Facilities and Infrastructure Pontianak, Cibinong, Medan, Kudus,
Banyuwangi, Mataram, Batam, Cimahi,
Gorontalo, Cirebon, Ciputat, Pematang
Siantar, Kendari, Palembang,
Bangkalan, Bogor, Yogyakarta, Solo,
Kendari, Sidoarjo, Ambon, Tegal,
Padang, Pekanbaru, Kupang, Depok,
Malang, Bandung Timur, Bintaro,
Pekalongan, Makassar, Mataram,
Cibubur, and Surabaya.
2025 Annual Report 1025
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09 Social and Environmental Responsibility Program
No. Field Realization (IDR) Activity Categories Distribution of Aid Areas
2. Education 9,267,482,144 • Assistance for Educational Institution The Company’s CSR assistance has
Development been carried out evenly across all
• Assistance for Educational Facilities work areas starting from DKI Jakarta,
and Infrastructure Denpasar, Madiun, Ambon, Kediri, Banda
Aceh, Bangkalan, Cibubur, Bandar
• Assistance for BTN Partner Universities
Lampung, Bengkulu, Bekasi, Medan,
• Assistance for Islamic Boarding School Banjarmasin, Cilegon, Pekalongan,
and Madrasah Development Pematang Siantar, Padang, Bogor,
• Assistance for Islamic Boarding School Makassar, Gresik, Tanggerang,
and Madrasah Facilities and Infrastructure Banyuwangi, Surabaya, Yogyakarta,
• Scholarship Assistance Ciputat, Jember, Tegal, Tasikmalaya,
• Assistance for School Facilities Purwekerto, Singaraja, Solo, Palembang,
Kudus, Cirebon, Sidoarjo, Balikpapan,
• Assistance for Community Reading
and Malang.
Gardens
• Business Incubation
3. Empowerment 24,871,851,968 • A Series of Housingpreneur Activities The Company’s CSER assistance has
of MSMEs • MSME Upgrade Training Assistance been carried out evenly across all work
areas starting from DKI Jakarta, Solo,
• Digital Marketing Outreach for MSMEs
Malang, Palu, Palembang, Madiun,
• Women Champion Entrepreneur Jember, Ambon, Palangkaraya,
Connection (WCEC) Training Pematang Siantar, Kediri, Kepulauan
• MSME Facilities and Infrastructure Seribu, Tasikmalaya, Tangerang, Serang,
Assistance Yogyakarta, Singaraja, Pangkal Pinang,
Bangkalan, Tanjung Pinang, Jember,
and Gorontalo.
PERFORMANCE OF THE MSE
FUNDING PROGRAM IN 2024
Provisions Micro & Small Business Funding Program October 13, 2023 concerning Implementation of the
(MSE) Ketentuan PUMK Micro and Small Business Funding Program.
• Letter from the Minister of State-Owned Enterprises • BTN Minutes No. 01/BA/SMBD/X/2023 with BRI
No. S-721/MBU/11/2022 dated November 10, 2022, No. B.751-MBD/10/2023 dated October 18, 2023
concerning the Cooperation Program for Micro concerning Deposit of Funds for the Micro and Small
and Small Enterprise Funding (“PUMK Program Business Funding Program.
Collaboration”). • Minutes of BTN No. 01/BA/SMBD/VI/2024 with BRI No.
• Regulation of the Minister of State-Owned B.428-MBD/06/2024 dated June 24, 2024 concerning
Enterprises No. PER-1/MBU/03/2023 dated March 3, Deposit of Funds for Micro and Small Business
2023, amending Regulation of the Minister of State- Funding Program Phase 2.
Owned Enterprises No. PER-06/MBU/09/2022 dated • Minutes of Meeting BTN No. 01/BA/SMBD/VI/2025
September 8, 2022, concerning Special Assignments with BRI No. B.417-MBD/06/2025 dated June 2, 2025
and Social and Environmental Responsibility regarding the Deposit of Funds for the Micro and
Programs for State-Owned Enterprises. Small Business Funding Program Phase 3.
• Regulation of the Minister of State-Owned • Circular Letter of the Ministry of State-Owned
Enterprises No. SK-277/MBU/10/2023 dated October Enterprises No. 1 of 2026 dated January 7, 2026
4, 2023, concerning Implementation Guidelines for regarding Accounting Guidelines for the Micro and
the Settlement of Problematic Sharia Receivables Small Business Funding Program of State-Owned
and/or Financing in the Micro and Small Enterprise Enterprises.
Funding Program at State-Owned Enterprises.
• Technical Instruction I-XIV.1 dated February 23, 2023, Source of Funds for the PUMK Program
concerning the Workflow of the Micro and Small • Principal funds for repayment of loans from Foster
Enterprise Funding Program. Partners.
• Special Policy I-XIV dated August 14, 2023, concerning • Balance of allocated PUMK Program funds until the
Micro and Small Enterprise Funding Program end of the year.
Products. • Loan administration services/sale and purchase
• BTN Cooperation Agreement No. 03/PKS/ margin/ profit sharing portion, deposit interest and/
SMBD/X/2023 with BRI No. B.34/MBD/10/2023 dated or current account services from PUMK Program funds.
1026 2025 Annual Report
Page 596
PT Bank Tabungan Negara (Persero) Tbk
The 2025 PUMK Cash Flow
in Rupiah
2024 2025
No. Details 2024 RKA (%) 2025 RKA (%)
Realization Realization
FUNDS AVAILABLE 1 2 (2 : 1) 3 4 (4 : 3)
1. Beginning Balance 10,970,559,980 10,970,559,980 100% 11,036,287,064 11,036,287,064 100%
2. Loan Repayment from Fostered Partners 10,000,000,000 8,501,789,249 85% 6,000,000,000 4,407,074,564 73%
3. Refund from Distributing SOE
4. PUMK Admin Service Income 500,000,000 1,450,172,764 290% 200,000,000 62,737,806 31%
5. Bank Service Income
6. Other Incomes (Cost) 113,765,071 369,694
Total Available Funds 21,470,559,980 21,036,287,064 475% 17,236,287,064 15,506,469,128 90%
DISBURSED FUNDS
7. Independent PUMK Distribution
8. Collaborative PUMK Distribution
9. Special PUMK Distribution
10. PUMK Distribution via BRI 10,000,000,000 10,000,000,000 100% 11,000,000,000 11,000,000,000 100%
Total Disbursed Funds 10,000,000,000 10,000,000,000 100% 11,000,000,000 11,000,000,000 100%
End Balance 11,470,559,980 11,036,287,064 375% 6,236,287,064 4,506,469,128 72%
*Other incomes (cost) enclosed were included in the account of Fine during repayment
Distribution of PUMK Program 2025
2024 2025
TARGET IDR10 Billion IDR11 Billion
REALIZATION IDR14.8 Billion IDR6.5 Billion
ACHIEVEMENT 148.5% 59.6%
Referring to the Letter of the Minister of State-Owned Collaboration Agreement was signed with PT Bank Rakyat
Enterprises No. S-721/MBU/11/2022, on November Indonesia (Persero) Tbk. Therefore, the independent
10, 2022, concerning the Cooperation Program for distribution of the PUMK Program was ceased until the
Micro and Small Enterprises Funding (“PUMK Program maturity of the cooperation.
Cooperation”), on October 13, 2023, a Cooperation/
Distribution Composition by Business Sector
Cooperation Realization Via BRI by Business Sector
No. Business Sector 2024 2025
Amount (MB) Value (IDR) Amount (MB) Value (IDR)
1. Industry 20 601,000,000 23 606,000,000
2. Service 81 2,347,000,000 22 1,064,500,000
3 Trading 205 6,014,000,000 95 4,019,300,000
4. Agriculture 4 45,000,000 9 385,000,000
2025 Annual Report 1027
Page 597
09 Social and Environmental Responsibility Program
Cooperation Realization Via BRI by Business Sector
No. Business Sector 2024 2025
Amount (MB) Value (IDR) Amount (MB) Value (IDR)
5. Husbandry 11 226,000,000 5 134,500,000
6. Others 172 5,426,800,000 4 175,000,000
7. Fishery 5 190,000,000 2 120,000,000
8. Estate - - 1 50,000,000
Total 498 14,849,800,000 161 6,554,300,000
Distribution Composition by Regional
Cooperation Realization Via BRI by Business Sector
No. Business Sector 2024 2025
Amount (MB) Value (IDR) Amount (MB) Value (IDR)
1. Bali 15 410,000,000 - -
2. West Java 115 2,935,300,000 7 134,000,000
3 Central Jawa 63 1,760,500,000 99 4,110,300,000
4. East Jawa 52 1,517,000,000 30 1,446,000,000
5. West Kalimantan 10 480,000,000 - -
6. South Sulawesi 96 2,170,000,000 - -
7. Central Sulawesi 115 4,566,000,000 - -
8. Yogyakarta 25 781,000,000 19 489,000,000
9. North Sulawesi 7 230,000,000 - -
10. DKI Jakarta - - 6 375,000,000
Total 498 14,849,800,000 161 6,554,300,000
Number of Fostered Partners and Details of Receivables as of December 31, 2025
The 2025 total existing fostered partners of the PUMK Program were 6,967 Debtors. In the same year, the total fostered
partners in the cooperation scheme with PT Bank Rakyat Indonesia (Persero) Tbk was 682 Debtors.
Cooperation Quality Cooperation Quality
2024 2025
Scheme with BRI in 2024 Scheme with BRI in 2025
Amount (IDR) (%) Amount (IDR) (%) Amount (IDR) (%) Amount (IDR) (%)
Performing 388,990,786 0.95 10,692,663 0.03 13,520,127,798 98.61 10,712,435,669 90.85
KL 1,633,765,518 4.00 89,014,817 0.24 176,209,886 1.29 525,183,338 4.45
Doubt 3,483,833,821 8.53 467,636,517 1.28 14,601,300 0.11 183,304,944 1.55
Non-performing 35,313,732,625 86.51 35,845,904,189 98.44 - - 370,559,318 3.14
Total 40,820,322,750 100 36,413,248,186 100 13,710,938,984 100 11,791,483,269 100
* The installment pattern was adjusted to the cash flow of the fostered partner’s business so that there were 2 (two) types of patterns, such as monthly
installment patterns and one-off installments.
1028 2025 Annual Report
Page 598
PT Bank Tabungan Negara (Persero) Tbk
The 2025 PUMK Program Distribution
The amount of the 2025 PUMK Program Distribution was IDR6.5 billion.
Growing portfolio from principal Facilitating and improving Providing PUMK Program
and interest returns so that the fostered partners’ business distribution through Cooperation/
distributable funds can improve. awareness by involving in national Collaboration with PT Bank Rakyat
& international events. Indonesia (Persero) Tbk.
Coaching of PUMK Program Fostered Partners
Coaching was conducted through quarterly visits (OTS) to the Fostered Partners by the BTN Supervising Branch Office.
Monitoring and evaluation of each Fostered Partner’s business was crucial to ensure the business runs sustainably.
No. Business Name Region Realization Ceiling Tenor Collectibility
Maman
1. Frozen Food Karawang May 23, 2023 IDR50,000,000 3 Years Fluent
Suparman
No. Business Name Region Realization Ceiling Tenor Collectibility
2. Grocery Store Djuani Cibubur August 3, 2023 IDR25,000,000 3 Years Fluent
2025 Annual Report 1029
Page 599
OJK INDEX 1030 2025 Annual Report
Page 600
2025 Annual Report 1031
Page 601
09 Social and Environmental Responsibility Program
OJK
INDEX
Criteria Explanation Page Regulation
GENERAL
Annual Report is well printed The Annual Report is well printed and bound. √ POJK 29
and bound.
Annual Report must be √ POJK 29
reproduced in the form of printed
copies of documents and
electronic copies of documents.
Annual Reports are presented √ POJK 29
in Indonesian and foreign
languages
Annual Report must be √ POJK 29
published on the Issuer’s or
Public Company’s Website on
the same date as the submission
of the Annual Report to the
Financial Services Authority.
PERFORMANCE HIGHLIGHTS
Summary of important financial Information includes, among others:
data contains financial
information presented in 1. Sales revenue. 24 SEOJK 16
comparative form for 3 (three)
2. Gross profit. 25
financial years or since starting
their business if the Issuer or 3. Operational profit. 25 SEOJK 9
Public Company has been
running its business activities 4. Profit before tax. 25
for less than 3 (three) years.
5. Net profit. 25
6. Profit and loss. 25 SEOJK 16
7. Total comprehensive profit (loss). 25 SEOJK 9
8. Total profit (loss) attributable to owners of the parent 26 SEOJK 16
entity and non-controlling interests.
9. Total comprehensive profit (loss). 26 SEOJK 16
10. Total comprehensive profit (loss) attributable to owners of 26
the parent entity and non-controlling interests.
11. Earnings (loss) per share. 26 SEOJK 9
SEOJK 16
12. Total assets. 21
13. Total liabilities. 23
14. Total equity. 24
15. Third-party funds. 23 SEOJK 9
16. Loans received. 22
17. Ratio of profit (loss) to total assets. 28 SEOJK 16
18. Profit (loss) to equity ratio. 28
19. Profit (loss) to revenue/sales ratio. 28
20. Current ratio. 28
21. Liability to equity ratio. 28
22. Ratio of liabilities to total assets. 28
1032 2025 Annual Report
Page 602
PT Bank Tabungan Negara (Persero) Tbk
Criteria Explanation Page Regulation
23. CAR ratio. 28 SEOJK 9
24. Productive assets. 28
25. Non-performing loans (NPL) ratio. 28
26. Ratio of Operating Expenses to Operating Income (BOPO). 28
27. Cost to Income Ratio(CIR). 29
28. Net Interest Margin (NIM) ratio. 28
29. Percentage of violations and exceedances of the Legal 29
Lending Limit (BMPK).
30. Statutory Reserve Ratio (GWM). 29
31. Net Open Position (NOP) Ratio. 29
32. Information and other financial ratios that are relevant 28-29 SEOJK 9
to the issuer or public company and the type of industry. SEOJK 16
Stock Information Information on shares for Public Companies at least contains: SEOJK 16
1. Shares that have been issued for each quarter presented
in comparative form for the last 2 (two) financial years,
at least contain:
a. Number of outstanding shares. 30
b. Market capitalization is based on the price on the stock
exchange where the shares are listed.
c. The highest, lowest and closing share prices are based
on the price on the stock exchange where the shares are
listed.
d. Volumetrading on the stock exchange where the shares
are listed.
Information in letter b), letter c) and letter d) is only disclosed
if the shares are listed on the stock exchange.
Information is presented in the form of graphs and tables.
2. such as a stock split, reverse stock, stock dividends, bonus 33 SEOJK 16
shares, changes in the nominal value of shares, issuance of
convertible securities, and additions and capital reduction,
share information as referred to in number 1) is added with
an explanation of at least:
a. The date of implementation of the corporate action.
b. Stock split ratios, reverse stock ratios, stock dividends,
shares.
c. bonus, number of convertible securities issued,
and changes in share nominal value.
d. The number of outstanding shares before and after
the corporate action.
e. The number of effect conversions implemented (if any).
f. Stock prices before and after corporate actions.
2025 Annual Report 1033
Page 603
09 Social and Environmental Responsibility Program
Criteria Explanation Page Regulation
3. In the event of a temporary suspension of share trading 33 SEOJK 16
(suspension) and/or delisting of shares during the financial
year, the reasons for the temporary suspension of share
trading (suspension) and/or delisting of shares (delisting)
shall be explained.
4. In the event that the temporary suspension of share SEOJK 16
trading (suspension) as referred to in number 3) and/or
the process of canceling the listing of shares (delisting) is
still ongoing until the end of the Annual Report period, the
actions taken to resolve the temporary suspension of share
trading (suspension) and/or cancellation are explained.
listing of shares (delisting).
REPORT OF DIRECTORS AND BOARD OF COMMISSIONERS
Directors Report The Board of Directors’ report contains at least a brief
description of:
1. Performance of Issuers or Public Companies, at least
includes:
a. Issuer’s or Public Company’s strategy and strategic 55-57 SEOJK 9
policies (including for UUS if the Bank owns UUS) SEOJK 16
b. The role of the Board of Directors in formulating the 56-57 SEOJK 16
strategy and strategic policies of the Issuer or Public
Company.
c. The process carried out by the Board of Directors to 57
ensure the implementation of the Issuer’s or Public
Company’s strategy.
d. Comparison between the results achieved and those 59-62 SEOJK 9
targeted by the Issuer or Public Company. SEOJK 16
e. Obstacles faced by Issuers or Public Companies. 62-63
f. Organizational structure. 54 SEOJK 9
g. Main activity. 53
h. Information Technology.
i. Types of products and services offered, including 53
lending to debtors of micro, small and medium
enterprises.
j. Interest rates for raising and providing funds. 58-62
k. Economic development and target market. 54-55, 58
l. Networks and business partners at home and/or abroad. 53
m. Number, type and location of offices. 53
n. Ownership of the Board of Directors, Board of 63-64
Commissioners and shareholders in the Bank’s
business group.
o. Important changes that occurred in the Bank and the
Bank’s business group in the year concerned.
p. Important things that are expected to happen in the 63
future.
q. Human resources include the number, level of 54
education, training, and development of human
resources.
2. An overview of the business prospects of the Issuer or 63 SEOJK 9
Public Company. SEOJK 16
3. Implementation of Issuer or Public Company governance. 64-65
1034 2025 Annual Report
Page 604
PT Bank Tabungan Negara (Persero) Tbk
Criteria Explanation Page Regulation
Report of the Board of The Board of Commissioners’ report contains at least a brief
Commissioners description of:
1. Assessment of the Board of Directors’ performance 71-73 SEOJK 16
regarding the management of Issuers or Public SEOJK 9
Companies, including oversight by the Board of
Commissioners in the formulation and implementation
of the Issuer’s or Public Company’s strategy carried out
by the Board of Directors.
2. Views on the business prospects of Issuers or Public 73-74
Companies compiled by the Board of Directors.
3. Views on the implementation of governance of the Issuer 74-79
or Public Company.
4. Changes in the composition of the Board of 79-80 SEOJK 9
Commissioners (if any) and reasons for the changes.
5. Frequency and method of providing advice to members 71
of the Board of Directors.
Statement Letter from Members Statement Letter from Members of the Board of Directors 84-85 SEOJK 16
of the Board of Directors and and Members of the Board of Commissioners regarding POJK 29
Members of the Board of Responsibility for the Annual Report. Statement letter from
Commissioners members of the Board of Directors and members of the
Board of Commissioners regarding responsibility for the
Annual Report is prepared in accordance with the format
of Statement Letter from Members of the Board of Directors
and Members of the Board of Commissioners regarding
Responsibility for the Annual Report.
COMPANY PROFILE
Company name and full Access to Issuers or Public Companies including branch 88-89 SEOJK 9
address offices or representative offices that enable the public to SEOJK 16
obtain information about Issuers or Public Companies,
including:
1. Address
2. Phone number
3. Email address
4. Website address
Name and address office or Contains information including:
representative office (if any)
Name and address of the branch/representative office, 90-99
including:
a. Address
b. Phone number
c. Email address
d. Website address
Notes: if the company does not have subsidiaries, branch
offices, and representative offices, so that it is disclosed.
Brief history of Issuer or Public Include among others: date/year of establishment, name, 102-103 SEOJK 9
Company change of company name (if any), and effective date of SEOJK 16
change of company name.
Notes: if the company has never changed its name,
please disclose it.
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Vision, Mission and Corporate Includes: SEOJK 9
Culture SEOJK 16
1. Company Vision 104
2. Company Mission 105
3. Statement that the vision and mission have been 106-107
reviewed and approved by the Board of Directors/
Board of Commissioners in the financial year.
Business activities Description of, among others: SEOJK 9
SEOJK 16
1. The company’s business activities according to the latest 108
articles of association.
2. Business Activities Undertaken. 108
3. Products and/or services produced. 109-123
Operational Area Issuer’s or Public Company’s operational area. The operational 124-125 SEOJK 16
area is the area or area where operational activities are carried
out or the scope of the company’s operational activities.
Organizational structure The organizational structure of the Issuer or Public Company 126-127 SEOJK 9
in the form of a chart, at least up to 1 (one) level below the SEOJK 16
Board of Directors including committees under the Board
of Directors (if any) and committees under the Board of
Commissioners, accompanied by names and positions.
Association Membership List of industry association memberships both on a national 128 SEOJK 16
and international scale related to the implementation of
sustainable finance.
Board of Directors Profile Profile of the Board of Directors, at least contains: SEOJK 9
SEOJK 16
1. Name and position in accordance with the duties 129-145
and responsibilities.
2. Latest photos.
3. Age.
4. Citizenship.
5. Educational history and/or certification.
6. Position history, including information on:
a. The legal basis for appointment as a member of the
Board of Directors of the Issuer or Public Company
concerned
b. Concurrent positions, both as members of the Board
of Directors, members of the Board of Commissioners,
and/or committee members as well as other positions
both inside and outside the Issuer or Public Company.
In the event that members of the Board of Directors do
not have concurrent positions, then this is disclosed.
c. Work experience and time period both inside and outside
the Issuer or Public Company.
7. of the Board of Commissioners, major shareholders and 146 SEOJK 9
controllers, either directly or indirectly to individual owners, SEOJK 16
including names of affiliated parties. In the event that POJK 13
members of the Board of Directors have no affiliation, the
Issuer or Public Company shall disclose this. Financial
relationships and family relationships of members of
the Board of Directors and members of the Board of
Commissioners with other members of the Board of
Directors, other members of the Board of Commissioners,
and/or controlling shareholders of the Bank.
8. Changes in the composition of members of the Board 147-149 SEOJK 16
of Directors and reasons for the changes. In the event
that there is no change in the composition of the members
of the Board of Directors, this will be disclosed.
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Profile of the Board Profile of the Board of Commissioners, at least contains SEOJK 9
of Commissioners SEOJK 16
1. Name and position. 150-165
2. Latest photos.
3. Age.
4. Citizenship.
5. Educational history and/or certification.
6. Position history, including information on:
a. The legal basis for appointment as a member of the
Board of Directors of the Issuer or Public Company
concerned
b. Legal basis for the first appointment as a member of
the Board of Commissioners who is an independent
commissioner of the Issuer or Public Company
concerned.
c. Concurrent positions, both as members of the Board
of Directors, members of the Board of Commissioners,
and/or committee members as well as other positions
both inside and outside the Issuer or Public Company. In
the event that members of the Board of Directors do not
have concurrent positions, then this is disclosed.
d. Work experience and time period both inside and outside
the Issuer or Public Company.
7. Affiliation with other members of the Board of Directors, 166 SEOJK 9
members of the Board of Commissioners, major SEOJK 14
shareholders and controllers, either directly or indirectly SEOJK 16
to individual owners, including names of affiliated parties. POJK 17
In the event that members of the Board of Directors have no
affiliation, the Issuer or Public Company shall disclose this.
Financial relationships and family relationships of members
of the Board of Directors and members of the Board of
Commissioners with other members of the Board of
Directors, other members of the Board of Commissioners,
and/or controlling shareholders of the Bank.
8. Statement of independence of the independent N/A SEOJK 16
commissioner in the event that the independent
commissioner has served more than 2 (two) terms.
9. Changes in the composition of members of the Board 166-168
of Directors and reasons for the changes. In the event that
there is no change in the composition of the members
of the Board of Directors, this will be disclosed.
Executive officer brief profile Including the composition of executive officers along 173-200 SEOJK 9
with their positions and a summary of Curriculum Vitae.
Number of employees Data on employee competency development that has been 201-202 SEOJK 9
and employee competency carried out in the financial year consisting of parties (position SEOJK 16
development data. levels) who attended training, types of training, and training
objectives as well as equal opportunities for all employees.
Employee competency development costs that have been
incurred in the financial year.
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Shareholder composition Names of shareholders and percentage of ownership at the SEOJK 9
beginning and end of the financial year, which consists of SEOJK 16
information regarding: POJK 17
1. Shareholders who own 5% (five percent) or more shares of 205
Issuers or Public Companies.
2. Members of the Board of Directors and members of the 207-208
Board of Commissioners who own shares of Issuers or
Public Companies.
In the event that all members of the Board of Directors and/
or all members of the Board of Commissioners do not own
shares, then this matter shall be disclosedthe.
3. shares by members of the Board of Directors and members of 207-208
the Board of Commissioners at the beginning and end of the
financial year, including information regarding shareholders
who are registered in the register of shareholders for the
benefit of indirect ownership by members of the Board of
Directors and members of the Board of Commissioners.
In the event that all members of the Board of Directors
and/or all members of the Board of Commissioners do not
have indirect ownership of the shares of the Issuer or Public
Company, then this matter must be disclosed.
Directors and commissioners who own Shares (Directors
and Board of Commissioners/Supervisory Board must
report to the company regarding their and/or family’s
share ownership in the company concerned and other
companies, including any changes thereto).
4. Group of public shareholders, namely groups of 206 SEOJK 16
shareholders who each own less than 5% (five percent) of
the shares of the Issuer or Public Company.
5. Number of shareholders and percentage of ownership at 208 SEOJK 16
the end of the financial year based on classification:
a. Ownership of local institutions.
b. Ownership of foreign institutions.
c. Local individual ownership.
d. Foreign individual ownership.
The above information can be presented in tabular form.
Major and controlling Information regarding major shareholders and controllers 209 SEOJK 9
shareholder of Issuers or Public Companies, either directly or indirectly, SEOJK 16
up to individual owners, presented in the form of a schematic
or chart.
List of associate subsidiaries, Names of subsidiaries, associated companies, joint venture 209 SEOJK 9
venture companies companies where the Issuer or Public Company has joint SEOJK 16
control of the entity (if any), along with the percentage of
share ownership, line of business, total assets, and operating
status of subsidiaries, associated companies, joint venture
companies.
For subsidiaries, information regarding the address of the
subsidiary is added.
Information related Banks that are part of a business group and/or have 210 SEOJK 9
to the Bank Business Group Subsidiaries, must add:
The structure of the Bank’s business group which includes:
a. The structure of the Bank’s business group consists
of the Bank, Subsidiaries, sister companies, Parent Entity
up to the ultimate shareholder.
b. Management linkage structure within the Bank’s business
group.
c. Shareholders acting on behalf of other shareholders.
The definition of a shareholder acting on behalf of another
shareholder is an individual shareholder or an entity that
has the common goal of controlling the Bank, based on or
not based on an agreement.
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Criteria Explanation Page Regulation
Share listing chronology Chronology of share listing, number of shares, number of 212-215 SEOJK 16
listed shares after each corporate action, nominal value,
and offering price from the beginning of listing to the end of
the financial year as well as the name of the stock exchange
where the Issuer’s or Public Company’s shares are listed,
including stock splits ( stock split), merger of shares (reverse
stock), stock dividends, bonus shares, and changes in the
nominal value of shares, implementation of conversion
effects, implementation of capital additions and reductions
(if any).
Information on the listing of Information on the listing of other securities that are not yet 214-225 SEOJK 16
other securities due in the financial year at least contains the names of the
securities, the type of corporate action that causes a change
in the number of other securities, year of issue, interest rate/
yield, maturity date, offering value, name of stock exchange
where other securities are listed, and securities rating (if any).
Information on the use of public Information on the use of public accounting services (AP) 226 SEOJK 16
accounting services (AP) and and public accounting firms (KAP) and their networks/
public accounting firms (KAP) associations/alliance includes:
1. Name and address.
2. Assignment period.
3. Information on audit and/or non-audit services provided.
4. Audit and/or non-audit service fees for each assignment
given during the financial year.
5. In the event that the designated AP and KAP and their
network/ association/alliance do not provide non-audit
services, then the information shall be disclosed.
Disclosure of information on the use of AP and KAP services
and their networks/associations/alliances can be presented
in tabular form.
Name and address of supporting Names and addresses of capital market supporting 226-232 SEOJK 16
institution and/or profession. institutions and/or professions other than AP and KAP.
Awards and Certifications. Information includes, among others: 233-241 SEOJK 9
1. Name of award and/or certification (national and
international scale).
2. Year of award and/or certification.
3. Awarding and/or certification bodies.
4. Validity period (for certification).
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MANAGEMENT DISCUSSION AND ANALYSIS OF THE COMPANY’S PERFORMANCE
Bank Strategic Plan 1. Long term plan (corporate plan). 252-274 SEOJK 14
2. Medium and short term plans (business plan). POJK 17
Operational review per business Operational review per business segment according SEOJK 9
segment to the type of industry of the Issuer or Public Company, SEOJK 16
at least concerning:
1. Explanation of each business segment. 301-342
2. Performance per business segment, among others:
a. Production, which includes process, capacity, 302-341
and development.
b. Increase/decrease in production capacity. 302-341
c. Sales/business income. 342-344
d. Profitability. 342-344
Description of the company’s Comprehensive financial performance which includes SEOJK 9
financial performance a comparison of financial performance in the last 2 (two) SEOJK 16
financial years (in the form of narratives and tables),
an explanation of the causes of the changes and the impact
of these changes, at least concerning:
1. Current assets, non-current assets, and total assets. 347-348,
352-353
2. Short term liabilities, long term liabilities and total liabilities. 349-350,
353-354
3. Funding (investment and giving credit/financing). 348-349,
352-353
4. Third party funds and other funding sources. 349, 353-354
5. Equity. 351, 355
6. Income/sales, expenses, profit (loss), other comprehensive 356-360
income, and total comprehensive profit (loss).
7. Cash flow. 360-363
8. Basic credit interest rate. 372 SEOJK 9
Analysis of the quality of earning 372-374 SEOJK 9
assets and relevant financial
ratios.
Discussion and analysis of the Explanation of: SEOJK 16
ability to pay debts and the
collectability of the company’s 1. Ability to pay debts, both short term (liquidity) and long 363-366
receivables, by term (solvability).
presenting the calculation of
2. Receivables collectibility level. 366-368
the relevant ratio according to
the type
of company’s industry.
Discussion on capital structure Top explanation: SEOJK 16
and management policies
on capital structure (capital 1. Details of the capital structure (capital structure), which 376-377
structure policy). consists of interest-based debt/sukuk and equity.
2. Management policies on capital structure (capital 375-376
structure policies).
3. Basis for selection of management policies. 375-376
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Discussion on material Explanation of: SEOJK 16
commitments for capital
goods investment (not funding 1. The name of the party making the bond. 377-379
commitments) in the last
2. The purpose of the bond. 379
financial year.
3. Source of funds expected to fulfill these ties. 379
4. The currency to be denominated. 379
5. The steps the company plans to take to protect against 379
risks from related foreign currency positions.
Notes: if the company has no ties related to investment in
capital goods in the last financial year to be disclosed.
Discussion on investment Explanation of: SEOJK 9
in capital goods realized SEOJK 16
in the last financial year. 1. Types of investment in capital goods. 379-380
2. The purpose of investing in capital goods.
3. Investment value of capital goods issued in the last
financial year.
Notes: if there is no realization of investment in capital goods,
so that it is disclosed.
Material information and facts 384 SEOJK 16
occurring after the date of the
auditor’s report (if any).
Description of the company’s The business prospects of Issuers or Public Companies 384-388 SEOJK 16
business prospects. are linked to industry conditions, the general economy
and international markets accompanied by quantitative
supporting data from reliable data sources.
Comparative information Comparison between targets/projections at the beginning SEOJK 16
between targets at the of the financial year with the results achieved (realization),
beginning of the financial regarding:
year with the results achieved
(realization), and targets 1. Sales revenue. 389
or projections to be achieved
2. Profit and loss. 389-390
for the next year.
3. Capital structure. 390
4. Marketing. 390-391
5. HR Development. 391
6. Other matters deemed important by the Issuer or Public 389-390
Company.
Targets/projections to be achieved by Issuers or Public
Companies for the next 1 (one) year, regarding:
1. Sales revenue. 392
2. Profit and loss. 392
3. Capital structure. 392
4. Dividend policy. 393
5. Marketing. 393-394
6. HR Development. 394
7. Other matters deemed important by the Issuer or Public 391-392
Company.
Description of the marketing Marketing aspects of the Issuer’s or Public Company’s goods 274-298 SEOJK 9
aspect. and/or services, at least regarding marketing strategy and SEOJK 16
market share.
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Description of dividends for Description of dividends for the last 2 (two) financial years, SEOJK 16
the last 2 (two) financial years. at least:
1. The dividend policy, among other things, contains 395-398
information on the percentage of the amount of dividends
distributed to net income.
2. Cash dividend payment date and/or non-cash dividend 397
distribution date.
3. Amount of dividends per share (cash and/or non-cash). 397
4. The amount of dividends per year paid. 397
Notes: if there is no distribution of dividends, please state
the reasons.
Realization of the use of Contains descriptions of: SEOJK 16
proceeds from the public
offering (in the event that 1. Total proceeds. 398-399
the company is still required
2. Fund usage plan.
to submit a report on the
realization of the use of funds) 3. Details of use of funds.
4. Fund balance.
5. The date of approval of the GMS/RUPO for changes
in the use of funds (if any).
a. In the event that during the financial year, the Issuer
has an obligation to submit a report on the realization
of the use of funds, the cumulative realization of the use
of proceeds from public offerings until the end of the
financial year is disclosed.
b. In the event that there is a change in the use of funds as
stipulated in the Financial Services Authority Regulation
regarding the report on the realization of the use of
funds from a public offering, the Issuer shall explain the
change.
Note: if you do not have information on the realization of the
use of proceeds from a public offering, please disclose it.
Material information (if any), Contains descriptions of: SEOJK 16
including investment, expansion,
divestment, business merger/ a. Date, value, and transaction object. 398-401, 402,
consolidation, acquisition, 404, 409-411,
debt/ capital restructuring,
b. The name of the party conducting the transaction. 402, 404,
material transactions, affiliated
406-408
transactions, and conflict of
interest transactions. c. Nature of the affiliation relationship (if any). 404,
406-408
d. Explanation of the fairness of the transaction. 405, 409
e. Fulfillment of related provisions. 405, 412
f. In the event that there is an affiliation relationship, apart
from disclosing the information referred to in number a)
through number f), the Issuer or Public Company also
discloses information:
1) The Board of Directors’ statement that affiliated 405, 411
transactions have gone through adequate procedures
to ensure that affiliated transactions are carried out in
accordance with generally accepted business practices,
among others, carried out by fulfilling the arm’s length
principle.
2) The role of the Board of Commissioners and the audit 405, 412
committee in carrying out adequate procedures to
ensure that affiliated transactions are carried out in
accordance with generally accepted business practices,
among others, is carried out by fulfilling the arm’s length
principle.
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g. For affiliate transactions or material transactions which 405-411 SEOJK 16
are business activities carried out in order to generate
business income and are carried out routinely, repeatedly
and/or continuously, an explanation is added that the
affiliated transactions or material transactions are
business activities carried out in order to generate
business income and are carried out routinely, repeatedly,
and/or continuously.
In the case of affiliated transactions or material
transactions referred to have been disclosed in the annual
financial statements, information is added regarding
references to disclosure in the said annual financial
statements.
h. For disclosure of affiliated transactions and/or conflict N/A SEOJK 16
of interest transactions which are the result of the SEOJK 14
implementation of affiliated transactions and/or conflict
of interest transactions that have been approved
by independent shareholders, information is added
regarding the date of the GMS that approves the affiliated
transactions and/or conflict of interest transactions.
i. In the event that there are no affiliated transactions and/or 403-412
conflict of interest transactions, then this is disclosed.
Description of changes to laws The description contains, among others: SEOJK 16
and regulations on companies
in the last 1. The names of the laws and regulations that have changed. 413-420
financial year.
2. The impact (quantitative and/or qualitative) on the
company (if significant) or the statement that the impact is
not significant.
Notes: if there is no change in laws and regulations in the last
financial year, so that it is disclosed.
Description of changes The description contains, among others: SEOJK 16
in accounting policies
implemented by the company 1. Changes in accounting policies. 421
in the last financial year.
2. Reasons for changes in accounting policies.
3. Quantitative impact on financial statements.
Notes: If there is no change in accounting policy in the last
financial
Information on Risk Exposure Risk exposure and capital includes annual period risk 434-565 SEOJK 9
and Capital. and capital exposure reports as stipulated in part II of the
Publication Report on risk and capital exposure.
GOOD CORPORATE GOVERNANCE
GMS. Information regarding GMS resolutions in the financial year 631-650 SEOJK 16
and 1 (one) year before the financial year includes:
a. GMS resolutions in the financial year and 1 (one) year prior
to the financial year realized in the financial year.
b. GMS decisions in the financial year and 1 (one) year prior
to the financial year that have not been realized along with
the reasons for not being realized.
In the event that an Issuer or Public Company uses an
independent party in the implementation of the GMS to carry
out the vote count, it shall be disclosed regarding this matter.
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Directors. 1. Duties and responsibilities of each member of the 651-652 SEOJK 14
Board of Directors. Information regarding the duties and SEOJK 16
responsibilities of each member of the Board of Directors is POJK 17
described and can be presented in tabular form.
2. Statement that the Board of Directors has a guideline or 654-655 SEOJK 16
charter (charter) of the Board of Directors.
3. Policy and implementation of the frequency of meetings of 656-675 SEOJK 16
the Board of Directors, meetings of the Board of Directors
with the of Commissioners, and the level of attendance
of members of the Board of Directors at these meetings
including attendance at the GMS. Information on the level
of attendance of members of the Board of Directors at
meetings of the Board of Directors, meetings of the Board
of Directors with the Board of Commissioners or GMS can
be presented in tabular form.
4. Training and/or competency improvement for members of 675-678 SEOJK 16
the Board of Directors:
a. Policy on training and/or competency improvement
for members of the Board of Directors, including an
orientation program for newly appointed members of
the Board of Directors (if any).
b. Training and/or competency improvement attended by
members of the Board of Directors in the financial year (if
any).
5. The Board of Directors’ assessment of the performance 679-680 SEOJK 16
of the committees that support the implementation of
the duties of the Board of Directors in the financial year
contains at least:
a. Performance appraisal procedures.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
In the event that the Issuer or Public Company does not
have a committee that supports the implementation of the
duties of the Board of Directors, this will be disclosed.
6. members of the Board of Commissioners who reach 5% 740-742 SEOJK 14
(five percent) or more of paid-up capital, which includes POJK 17
the type and number of shares in:
a. The bank in question.
b. other banks.
c. Non-bank financial institutions.
d. Other companies domiciled both inside and outside the
country.
Board of Commissioners. 1. Duties and responsibilities of the Board of Commissioners. 680-681 SEOJK 14
SEOJK 16
POJK 17
2. Statement that the Board of Commissioners has guidelines 684-685 SEOJK 16
or charter of the Board of Commissioners.
3. Policy and implementation of the frequency of meetings 693-710 SEOJK 14
of the Board of Commissioners, meetings of the Board of SEOJK 16
Commissioners with the Board of Directors and the level of
attendance of members of the Board of Commissioners
at these meetings including attendance at the GMS.
Information on the level of attendance of members of
the Board of Commissioners at meetings of the Board
of Commissioners, meetings between the Board of
Commissioners and the Board of Directors, or GMS can be
presented in tabular form.
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4. Training and/or competency improvement for members 710-714 SEOJK 16
of the Board of Commissioners:
a. Policy on training and/or competency improvement for
members of the Board of Commissioners, including an
orientation program for newly appointed members of
the Board of Commissioners (if any).
b. Training and/or competency improvement attended by
members of the Board of Commissioners in the financial
year (if any).
5. Assessment of the performance of the Board of Directors 715-724 SEOJK 16
and the Board of Commissioners as well as each member
of the Board of Directors and members of the Board of
Commissioners, contains at least:
a. Procedure for implementing performance appraisal.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
b . The party making the assessment.
6. The Board of Commissioners’ assessment of the 725-729 SEOJK 16
performance of the Committees that support
the implementation of the duties of the Board of
Commissioners in the financial year includes:
a. Performance appraisal procedures.
b. The criteria used include performance achievements
during the financial year, competence and attendance
at meetings.
Nomination and remuneration Least load:
of the Board of Directors and
Board of Commissioners. 1. Nomination procedures, including a brief description of the 730 SEOJK 16
policies and nomination process for members of the Board of
Directors and/or members of the Board of Commissioners.
2. Procedures and implementation of remuneration for the SEOJK 16
Board of Directors and Board of Commissioners, including:
a. Procedure for determining remuneration for the Board of 730-731
Directors and Board of Commissioners.
b. Disclosure of indicators for determining the 731-732
remuneration of the Board of Directors.
c. The remuneration structure for the Board of Directors 732
and the Board of Commissioners such as salaries,
allowances, bonuses/ bonuses and others; And
Notes: if there are no performance bonuses, non
performance bonuses and stock options received by
each member of the Board of Commissioners and Board
of Directors, to be disclosed.
d. The amount of remuneration for each member of the Board 732-735
of Directors and members of the Board of Commissioners;
Disclosure of information can be presented in tabular form.
Sharia supervisory board, for Least load: SEOJK 16
Issuers or Public Companies
that carry out business activities a. Name. 958
based on sharia principles
b. The legal basis for the appointment of the Sharia
as stated in the articles of
Supervisory Board.
association.
c. The assignment period of the Sharia Supervisory Board.
d. Duties and responsibilities of the Sharia Supervisory Board. 959-960
e. Frequency and method of providing advice and 965-966
suggestions as well as monitoring compliance with
sharia principles in the capital market to Issuers or Public
Companies.
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09 Social and Environmental Responsibility Program
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Audit Committee. 1. Name and title in the membership of the committee. 749-751 SEOJK 16
POJK 17
2. Age.
3. Citizenship.
4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board of
Commissioners, members of the board of directors, and/
or committee members and other positions (if any).
c. Work experience and time period both inside and outside
the issuer or public company.
6. Period and tenure of audit committee members.
7. Description of duties and responsibilities. 745-746
8. Audit committee independence statement. 752
9. Training and/or competency improvement that has been 752-753
attended in the financial year (if any).
10. Policy and implementation of the frequency of audit 754-757 SEOJK 14
committee meetings and the level of attendance of audit SEOJK 16
committee members at these meetings. POJK 17
11. Implementation of audit committee activities in the 757-759
financial year according to what is stated in the audit
committee guidelines or charter.
Issuer or Public Company Least load:
nomination and remuneration
committee or function. 1. Name and title in the membership of the committee. 767-769 SEOJK 16
POJK 17
2. Age.
3. Citizenship.
4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board of
Commissioners, members of the board of directors, and/or
committee members and other positions (if any).
c. Work experience and time period both inside and outside
the issuer or public company.
6. Period and tenure of committee members.
7. Committee independence statement. 770-771
8. Training and/or competency improvement that has been 770-772
attended in the financial year (if any).
9. Description of duties and responsibilities. 760-761
10. Statement that already has a guideline or charter. 761-762
11. Policy and implementation of the frequency of meetings 773-779
and the level of attendance of members at these meetings.
12. A brief description of the implementation of activities in the 779-780
financial year.
In the event that a nomination and remuneration committee SEOJK 16
is not formed, it is sufficient for the Issuer or Public Company POJK 17
to disclose the information referred to in letter i) to letter l)
and disclose:
1. The reasons for not forming the committee
2. Parties carrying out nomination and remuneration
functions.
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Criteria Explanation Page Regulation
Other committees owned by Least load: SEOJK 16
Issuers or Public Companies in POJK 17
order to support the functions 1. Name and title in the membership of the committee. 784-786,
and duties of the Board of 829, 831, 833,
2. Age. 835, 838, 843,
Directors (if any) and/ or
committees that support the 845, 848, 852,
3. Citizenship.
functions and duties of the 853, 856, 858
Board of Commissioners. 4. Educational background.
5. Position history, including information on:
a. Legal basis for appointment as committee member.
b. Concurrent positions, both as members of the Board of
Commissioners, members of the board of directors, and/
or committee members and other positions (if any).
c. Work experience and time period both inside and outside
the issuer or public company.
6. Period and tenure of committee members.
7. Committee independence statement. 786, 829, 831,
833, 835, 838,
843, 845, 848,
852, 853, 856,
858
8. Training and/or competency improvement that has been 787-788, 829,
attended in the financial year (if any). 831, 833, 836,
838, 843, 845,
844, 848, 852,
854, 856, 858
9. Description of duties and responsibilities. 781, 828, 830-
831, 832, 834,
837, 839, 844,
846-847, 851,
853, 855, 857
10. Statement that already has a guideline or charter. 781-782, 828,
830, 832, 834,
836-837, 839,
844, 846, 849,
852, 854, 857
11. Policy and implementation of the frequency of meetings 789-793, 829-
and the level of attendance of members at these meetings. 830, 832, 833,
836, 838-839,
843, 845-846,
848, 852, 854,
856, 858
12. A brief description of the implementation of activities in the 793-794, 829-
financial year. 830, 832, 833,
836, 838-839,
843, 845-846,
848, 852, 854,
856, 858
Corporate Secretary. 1. Name. 796 SEOJK 16
2. Domicile.
3. Position history, including:
a. Legal basis for appointment as corporate secretary.
b. Work experience and time period both inside and outside
the issuer or public company.
4. Educational background.
5. Training and/or competency improvement attended in the 796-797
financial year.
6. Brief description of the implementation of the duties of the 798-802
corporate secretary in the financial year.
2025 Annual Report 1047
Page 617
09 Social and Environmental Responsibility Program
Criteria Explanation Page Regulation
Internal Audit Unit. 1. Name of the head of the internal audit unit. 803 SEOJK 16
POJK 17
2. Position history, including:
a. Legal basis for appointment as company secretary.
b. Work experience and time period both inside and outside
the issuer or public company.
3. Qualification or certification as internal audit profession
(if any).
4. Number of employees (internal auditors) in the internal 804-805
audit unit.
5. Training and/or competency improvement attended in the 805-807
financial year.
6. The structure and position of the internal audit unit. 802-803
7. Description of duties and responsibilities. 804
8. A statement that the internal audit unit has guidelines or 804
charters.
9. A brief description of the implementation of the duties of 809-814
the internal audit unit in the financial year including the
policy and implementation of the frequency of meetings
with the directors, board of commissioners and/or the audit
committee.
Public Accountant. 1. The name and year of the public accountant who audited 867 POJK 17
the annual financial statements for the last 5 years.
2. The name and year of the public accountant who audited
the annual financial statements for the last 5 years.
3. The amount of the fee for each type of service provided by
the Public Accounting Firm in the last financial year.
4. Other services provided by the Public Accounting Firm
and public accountants in addition to auditing the annual
financial statements for the last financial year.
Notes: if there is no other service in question, so that it is
disclosed.
Description of the internal 1. Financial and operational control, as well as compliance 869-871 SEOJK 14
control system implemented by with other laws and regulations. SEOJK 16
the issuer or public company.
2. Review of the effectiveness of the internal control system. 872-873
3. Statement of the Board of Directors and/or Board of 873 SEOJK 16
Commissioners regarding the adequacy of the internal
control system.
Risk management system 1. General description of the Issuer’s or Public Company’s risk 877-881 SEOJK 16
implemented by Issuers or management system. SEOJK 14
Public Companies.
2. Types of risk and how to manage them. 881-887
3. Review of the effectiveness of the Issuer’s or Public 890
Company’s risk management system.
4. Statement of the Board of Directors and/or Board of 890-891 SEOJK 16
Commissioners or the audit committee on the adequacy
of the risk management system.
Compliance function. The level of the Bank’s compliance with all provisions and 891-906 SEOJK 14
laws and regulations as well as fulfillment of commitments POJK 17
with the competent authorities.
1048 2025 Annual Report
Page 618
PT Bank Tabungan Negara (Persero) Tbk
Criteria Explanation Page Regulation
Legal cases with a material 1. Main case/lawsuit. 909-910 SEOJK 16
impact faced by issuers or
public companies, subsidiaries, 2. Case/lawsuit settlement status.
members of the board of
directors and members of the
3. The impact on the condition of issuers or public
board of commissioners (if any).
companies. The risks faced by the company and the
nominal value of claims/lawsuits.
4. Disclosure regarding legal issues at least includes: SEOJK 14
a. the number of civil and criminal cases faced and
decisions that have permanent legal force.
b. the number of civil and criminal matters faced and still
in the process of being resolved.
Notes: in the event that the company, subsidiaries, members
of the Board of Commissioners and members of the Board
of Directors do not have important matters, this must be
disclosed.
Information on administrative 911 SEOJK 16
sanctions/sanctions imposed
on issuers or public companies,
board members commissioners
and members of the board
of directors, by the Financial
Services Authority
and other authorities in the
financial year (if any).
Information regarding the code 1. Principles of the code of ethics. 928-929 SEOJK 16
of ethics of Issuers or Public
Companies 2. Forms of dissemination of the code of ethics and 930
enforcement efforts
3. Statement that the code of ethics applies to members 930
of the Board of Directors, members of the Board of
Commissioners, and employees of the Issuer or Public
Company
Implementation of Governance 1. Remuneration Committee 858-859 POJK 45
in Providing Remuneration for a. Name of members, composition, duties and
Banks. responsibilities.
b. Number of meetings held.
c. Remuneration that has been paid to members of the
Remuneration Committee for 1 (one) year.
2. Remuneration policy formulation process which includes: 859
a. Review of the background and objectives of the
Remuneration policy.
b. Implementation of a review of the Remuneration policy
in the previous year, along with its improvements.
c. Mechanism to ensure that Remuneration for Employees
in the control unit is independent from the work unit they
supervise.
3. Remuneration policy coverage and its implementation 859 POJK 45
per business unit, per region and in subsidiaries or branch
offices located overseas
4. Remuneration is associated with risks that include: 859
a. The main type of risk (key risk) used in implementing
Remuneration.
b. Criteria for determining the main types of risk, including
for risks that are difficult to measure.
c. The impact of determining the main risk on the Variable
Remuneration policy.
d. Changes in the determination of the main types of risk
compared to last year and the reasons, if any.
2025 Annual Report 1049
Page 619
09 Social and Environmental Responsibility Program
Criteria Explanation Page Regulation
5. Performance measurement is associated with 859-860
Remuneration which includes:
a. Review of Remuneration policies linked to performance
appraisal.
b. The method of linking individual Remuneration with Bank
performance, work unit performance and individual
performance.
c. A description of the method used by the Bank to state
that the agreed performance cannot be achieved, so
it is necessary to make adjustments to remuneration
and the amount of remuneration adjustments if this
condition occurs.
6. Remuneration Adjustment is related to Performance and 860
Risk which includes:
a. Policy regarding Variable Remuneration that is deferred,
the amount, and the criteria for determining the amount.
b. The Bank’s policy regarding Variable Deferred
Remuneration which is postponed for payment (malus),
or withdrawn when it has been paid (clawback).
7. The name of the external consultant and the duties of the 860
consultant related to the Remuneration policy, if the Bank
uses the services of an external consultant
8. The Remuneration Package and facilities received by the 861
Board of Directors and Board of Commissioners include the
Remuneration structure and details of the nominal amount.
9. Variable Remuneration includes: 862
a. Forms of Variable Remuneration along with the reasons
for choosing this form. And
b. An explanation if there are differences in the provision
of Variable Remuneration among the Directors, Board of
Commissioners and/or Employees.
10. the number of Directors, Board of Commissioners and 862
Employees who receive Variable Remuneration for 1 (one)
year, and the total amount.
11. Position and number of parties who are material risk takers. 862
12. Shares optionowned by the Board of Directors, Board of 863-864
Commissioners and Executive Officers.
13. The ratio of the highest and lowest salaries 864
14. The number of beneficiaries and the total amount of 864
Variable Remuneration guaranteed unconditionally will be
given by the Bank to candidates for the Board of Directors,
candidates for the Board of Commissioners, and/or
prospective Employees during the first 1 (one) year of work
15.The number of employees affected by termination of 864
employment and the total amount of severance paid
16.The total amount of deferred Variable Remuneration, which 865
consists of cash and/or shares or share-based instruments
issued by the Bank.
17. The total amount of deferred Variable Remuneration paid 865 POJK 45
for 1 (one) year.
18.Details of the amount of Remuneration given in one year 865
include:
a. Fixed or variable remuneration.
b. Deferred and non-deferred remuneration.
c. Forms of Remuneration provided in cash and/or shares
or share-based instruments issued by the Bank.
1050 2025 Annual Report
Page 620
PT Bank Tabungan Negara (Persero) Tbk
Criteria Explanation Page Regulation
19. Quantitative information about: 865
a. The total remaining Remuneration that is still suspended,
both exposed to implicit and explicit adjustments.
a. Total reduction in Remuneration caused by explicit
adjustments during the reporting period.
b. Total reduction in Remuneration caused by implicit
adjustments during the reporting period.
A brief description of the policy In terms of compensation in the form of management 932-933 SEOJK 16
of providing performance- stock ownership program (MSOP) and/or employee stock
based longterm compensation ownership program (ESOP).
to management and/or The information disclosed shall contain at least:
employees owned by issuers
or public companies (if any), 1. Number of shares and/or options.
including but not limited to
2. Implementation period.
management stock ownership
programs program ownership/ 3. Eligible employee and/or management requirements.
MSOP) and/or employee stock
ownership program (ESOP). 4. The exercise price or the determination of the exercise price.
A brief description of the 1. Share ownership of members of the Board of Directors and 742 SEOJK 16
Information disclosure policy members of the Board of Commissioners no later than 3
regarding (three) working days after the ownership or any change in
ownership of the shares of the Public Company.
2. Implementation of the intended policy.
Description of the 1. How to submit a violation report. 933 SEOJK 16
whistleblowing
system at the Issuer or Public 2. Protection for reporters. 933-934
Company.
3. The handling of complaints. 934-940
4. The party managing the complaint. 941
5. The results of handling complaints, at least: 941
a. Number of complaints received and processed in the
financial year.
b. Complaint follow-up.
In the event that an issuer or a public company does not have
a whistleblowing system, this will be disclosed.
Description of the Issuer’s 1. Programs and procedures carried out in Overcoming 942-947 SEOJK 16
or Public Company’s anti- corrupt practices, kickbacks, fraud, bribery and/or POJK 17
corruption policy. gratuities in Issuers or Public Companies.
2. Anti-corruption training/socialization for employees of 947-949
Issuers or Public Companies.
In the event that the Issuer or Public Company does not have
an anticorruption policy, the reasons for not having the said
policy will be explained.
Handling conflicts of interest 951 SEOJK 14
POJK 17
Provision of funds to related Information that needs to be disclosed is the total amount of 951 SEOJK 14
parties and provision of large debit balances for provision of funds to related parties and to
funds (large exposure). core debtors (individuals or groups) per report position
Transparency of the Bank’s 952 SEOJK 14
financial and non-financial POJK 17
conditions that have not been
disclosed in other reports.
2025 Annual Report 1051
Page 621
09 Social and Environmental Responsibility Program
Criteria Explanation Page Regulation
Other information related to 951 SEOJK 14
Bank Governance, including
owner intervention, internal
disputes or problems that arise
as a result of remuneration
policies at the Bank.
Number of Deviations Disclosure of irregularities (internal fraud) at least includes: 950 SEOJK 14
(Internal Fraud). 1. Number of deviations (internal fraud) that have been
resolved.
2. The number of irregularities (internal fraud) that are in the
process of being resolved internally at the bank.
3. Number of irregularities (internal fraud) that have not been
resolved internally at the bank.
4. The number of irregularities (internal fraud) that have been
followed up through the legal process.
Buy Back of Shares 1. Policy in buying back shares or bonds of the Bank. 951 SEOJK 14
and/or Bank Bonds. 2. Number of shares and/or bonds bought back.
3. Repurchase price per share and/or bond.
4. Increase in earnings per share and/or bonds.
Provision of Funds for Social Disclosure regarding the provision of funds for social activities 951 SEOJK 14
Activities and/or Political and/or political activities at least includes the recipient of the
Activities During the funds and the
Reporting Period. amount of funds provided.
Implementation of 951 POJK 17
sustainable finance, including
implementation of social and
environmental responsibility
Implementation of Public 1. Statement regarding recommendations that have been 974-987 SEOJK 16
Company governance implemented and/or
guidelines for Issuers
that issue equity securities or 2. Explanation of recommendations that have not been
Public Companies. implemented, accompanied by reasons and alternatives
for implementation (if any).
Disclosure of information can be presented in tabular form.
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ISSUER OR PUBLIC COMPANY
Corporate Social Responsibility 1. The information disclosed in the social and environmental 1008-1029 SEOJK 16
responsibility section is a Sustainability Report as
intended in Financial Services Authority Regulation
Number 51/POJK.03/2017 concerning the Implementation
of Sustainable Finance for Financial Services Institutions,
Issuers and Public Companies, containing at least :
a) Explanation of sustainability strategy.
b) Overview of sustainability aspects (economic, social and
environmental).
c) Brief profile of the Issuer or Public Company.
d) Directors’ Explanation.
e) Sustainability governance.
f) Sustainability performance.
g) Written verification from an independent party, if any.
h) Feedback sheet for readers, if any.
i) The Issuer’s or Public Company’s response to feedback
from the previous year’s report.
1052 2025 Annual Report
Page 622
PT Bank Tabungan Negara (Persero) Tbk
Criteria Explanation Page Regulation
2. Sustainability Report as referred to in number 1), must be 1008-1029 SEOJK 16
prepared in accordance with the Technical Guidelines
for Preparing Sustainability Reports for Issuers and Public
Companies as stated in Appendix II which is an inseparable
part of this Financial Services Authority Circular Letter.
3. Sustainability Report information in number 1) can:
a) Disclosed in other relevant sections outside the social
and environmental responsibility section, such as the
Directors’ explanation regarding the Sustainability
Report disclosed in the relevant section of the Directors’
Report; and/or
b) Refer to other sections outside the social and
environmental responsibility section while still referring
to the Technical Guidelines for Preparing Sustainability
Reports for Issuers and Public Companies as listed in
Appendix II which is an inseparable part of this Financial
Services Authority Circular Letter, such as the profile
Issuer or Public Company.
4. The Sustainability Report as referred to in number 1) is
an inseparable part of the Annual Report but can be
presented separately from the Annual Report.
5. In the event that the Sustainability Report is presented
separately from the Annual Report, the information
disclosed in the Sustainability Report must:
a) Contains all information as intended in number 1); And
b) Prepared in accordance with the Technical Guidelines
for Preparing Sustainability Reports for Issuers and
Public Companies as stated in Appendix II which is an
inseparable part of this Financial Services Authority
Circular Letter.
6. If the Sustainability Report is presented separately from
the Annual Report, then the social and environmental
responsibility section contains information that information
regarding social and environmental responsibility has
been disclosed in the Sustainability Report which is
presented separately from the Annual Report.
7. Submission of a Sustainability Report which is presented
separately with the Annual Report must be submitted
simultaneously with the submission of the Annual Report.
Information
SEOJK 16 : OJK Circular Letter No. 16/SEOJK.04/2021 concerning Form and Content of Annual Reports of Issuers
or Public Companies.
SEOJK 9 : OJK Circular Letter No. 9/SEOJK.03/2020 concerning Transparency and Publication of Conventional
Commercial Bank Reports.
SEOJK 14 : OJK Circular Letter No. 13/SEOJK.03/2017 concerning Implementation of Governance for Commercial
Banks.
POJK 45 : OJK Regulation No. 45/POJK.03/2015 concerning Implementation of Governance in Providing
Remuneration for Commercial Banks.
POJK 17 : OJK Regulation 17 of 2023 concerning the Implementation of Governance for Commercial Banks.
2025 Annual Report 1053
Page 623
Bank Tabungan Negara (Persero) Tbk dan entitas anaknya/and its subsidiary Laporan keuangan konsolidasian tanggal 31 Desember 2025 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Consolidated financial statements as of December 31, 2025 and for the year then ended with independent auditor’s report
Page 624
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2025 AS OF DECEMBER 31, 2025
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN ENDED
TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/Page
Surat Pernyataan Direksi Statement Letter of Directors
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Konsolidasian......................... 1-6 ...........Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian............................. 7-9 ....................... and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ..................... 10 - 11 ...........Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ..................................... 12 - 14 ....................... Consolidated Statement of Cash Flows
Catatan Atas Laporan Keuangan Konsolidasian ............. 15 - 357 ...........Notes to the Consolidated Financial Statements
***************************
Page 625
Page 626
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 3/1/II/2026
Pemegang Saham, Dewan Komisaris, dan The Shareholders, the Board of Commissioners,
Direksi and the Board of Directors
PT Bank Tabungan Negara (Persero) Tbk. PT Bank Tabungan Negara (Persero) Tbk.
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Bank Tabungan Negara financial statements of PT Bank Tabungan Negara
(Persero) Tbk. (“Bank”) dan entitas anaknya (Persero) Tbk. (the “Bank”) and its subsidiary
(secara kolektif disebut sebagai “Grup”) (collectively referred to as the “Group”), which
terlampir, yang terdiri dari laporan posisi comprise the consolidated statement of financial
keuangan konsolidasian tanggal 31 Desember position as of December 31, 2025 and the
2025, serta laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian, laporan other comprehensive income, consolidated
perubahan ekuitas konsolidasian, dan laporan statement of changes in equity, and consolidated
arus kas konsolidasian untuk tahun yang statement of cash flows for the year then ended
berakhir pada tanggal tersebut, serta catatan and notes to the consolidated financial
atas laporan keuangan konsolidasian, termasuk statements, including material accounting policy
informasi kebijakan akuntansi material. information.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara financial statements present fairly, in all material
wajar, dalam semua hal yang material, posisi respects, the consolidated financial position of the
keuangan konsolidasian Grup tanggal Group as of December 31, 2025, and its
31 Desember 2025, serta kinerja keuangan dan consolidated financial performance and cash flows
arus kas konsolidasiannya untuk tahun yang for the year then ended, in accordance with
berakhir pada tanggal tersebut, sesuai dengan Indonesian Financial Accounting Standards.
Standar Akuntansi Keuangan di Indonesia.
KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/MK/SK/2025
A member firm of Ernst & Young Global Limited
i
Page 627
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public
jawab kami menurut standar tersebut diuraikan Accountants (“IICPA”). Our responsibilities under
lebih lanjut dalam paragraf Tanggung Jawab those standards are further described in the
Auditor terhadap Audit atas Laporan Keuangan Auditor’s Responsibilities for the Audit of the
Konsolidasian pada laporan kami. Kami Consolidated Financial Statements paragraph of
independen terhadap Grup berdasarkan our report. We are independent of the Group in
ketentuan etika yang relevan dalam audit kami accordance with the ethical requirements
atas laporan keuangan konsolidasian di Indonesia, relevant to our audit of the consolidated financial
dan kami telah memenuhi tanggung jawab etika statements in Indonesia, and we have fulfilled our
lainnya berdasarkan ketentuan tersebut. Kami other ethical responsibilities in accordance with
yakin bahwa bukti audit yang telah kami peroleh such requirements. We believe that the audit
adalah cukup dan tepat untuk menyediakan suatu evidence we have obtained is sufficient and
basis bagi opini kami. appropriate to provide a basis for our opinion.
Hal audit utama Key audit matter
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance
yang paling signifikan dalam audit kami atas in our audit of the consolidated financial
laporan keuangan konsolidasian periode kini. Hal statements of the current period. Such key audit
audit utama tersebut disampaikan dalam konteks matters were addressed in the context of our
audit kami atas laporan keuangan konsolidasian audit of the consolidated financial statements
secara keseluruhan, dan dalam merumuskan taken as a whole, and in forming our opinion
opini kami atas laporan keuangan konsolidasian thereon, and we do not provide a separate
terkait, dan kami tidak menyatakan suatu opini opinion on such key audit matters. For the key
terpisah atas hal audit utama tersebut. Untuk hal audit matter below, our description of how our
audit utama di bawah ini, penjelasan kami audit addressed such key audit matter is provided
tentang bagaimana audit kami merespons hal in such context.
tersebut disampaikan dalam konteks tersebut.
ii
A member firm of Ernst & Young Global Limited
Page 628
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit
Auditor terhadap Audit atas Laporan Keuangan of the Consolidated Financial Statements
Konsolidasian pada laporan kami, termasuk paragraph of our report, including in relation to
sehubungan dengan hal audit utama yang key audit matter communicated below.
dikomunikasikan di bawah ini. Oleh karena itu, Accordingly, our audit included the performance
audit kami mencakup pelaksanaan prosedur of procedures designed to respond to our
yang didesain untuk merespons penilaian kami assessment of the risks of material
atas risiko kesalahan penyajian material dalam misstatement
laporan keuangan konsolidasian terlampir. Hasil of the accompanying consolidated financial
prosedur audit kami, termasuk prosedur yang statements. The results of our audit procedures,
dilakukan untuk merespons hal audit utama di including the procedures performed to address
bawah ini, menyediakan basis bagi opini kami the key audit matter below, provide the basis for
atas laporan keuangan konsolidasian terlampir. our opinion on the accompanying consolidated
financial statements.
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah sharia financing/receivables
Penjelasan atas hal audit utama: Description of the key audit matter:
Seperti yang dijelaskan dalam Catatan 11 atas As described in Note 11 to the accompanying
laporan keuangan konsolidasian terlampir, pada consolidated financial statements, as of
tanggal 31 Desember 2025, cadangan kerugian December 31, 2025, the allowance for
penurunan nilai atas kredit yang diberikan dan impairment losses on loans and sharia
pembiayaan/piutang syariah adalah sebesar financing/receivables was Rp15,314,236
Rp15.314.236 juta. Kebijakan akuntansi million. The significant accounting policies of
signifikan untuk cadangan kerugian penurunan allowance for impairment losses on loans and
nilai atas kredit yang diberikan dan sharia financing/receivables are disclosed in
pembiayaan/piutang syariah diungkapkan dalam Note 2f to the accompanying consolidated
Catatan 2f atas laporan keuangan konsolidasian financial statements. We focused on this area
terlampir. Kami berfokus pada area ini karena due to the carrying value of loans and syariah
nilai tercatat atas kredit yang diberikan dan financing/receivables and the allowance for
pembiayaan/piutang syariah dan cadangan impairment losses on loans and syariah
kerugian penurunan nilai atas kredit yang financing/receivables are significant to the
diberikan dan pembiayaan/piutang syariah accompanying consolidated financial
adalah signifikan terhadap laporan keuangan statements.
konsolidasian terlampir.
iii
A member firm of Ernst & Young Global Limited
Page 629
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah sharia financing/receivables (continued)
(lanjutan)
Penjelasan atas hal audit utama: (lanjutan) Description of the key audit matter: (continued)
Penentuan cadangan kerugian penurunan nilai Determination of allowance for impairment
memerlukan pertimbangan dan memiliki losses requires judgement and is subject to
ketidakpastian estimasi termasuk dalam estimation uncertainty which includes
penentuan model untuk menghitung cadangan determining the model to calculate allowance
kerugian penurunan nilai, identifikasi eksposur for impairment losses, identification of credit
kredit yang mengalami penurunan kualitas kredit exposures with significant deterioration in
yang signifikan, penentuan asumsi yang credit quality, and determining assumptions
digunakan dalam model perhitungan cadangan used in the allowance for impairment losses
kerugian penurunan nilai (untuk eksposur yang calculation models (for exposures assessed on
dinilai secara individu atau kolektif), termasuk an individual or collective basis), including
faktor ekonomi makro berorientasi masa depan. forward-looking macroeconomics factors.
Respons audit: Audit response:
Prosedur audit kami dalam merespons hal audit Our audit procedures address the key audit
utama tersebut di atas mencakup, antara lain: matter mentioned above included, among
menguji pengendalian utama atas pemberian others: tested the key controls over the
kredit, segmentasi, penilaian kualitas kredit origination, segmentation, regular internal
internal regular, pencatatan dan pengawasan credit quality assessments, recording and
kredit yang diberikan, piutang murabahah, monitoring of the loans, murabahah
piutang istishna, pembiayaan mudharabah, receivables, istishna receivables, mudharabah
pembiayaan musyarakah, dan pinjaman qardh, financing, musyarakah financing, and funds of
serta pengendalian umum atas sistem qardh, and general controls over the allowance
perhitungan cadangan kerugian penurunan nilai for impairment losses system and the
dan pengendalian aplikasi atas kelengkapan dan application controls over the completeness and
keakuratan aliran data dari sistem asal ke sistem accuracy of data flows from source systems to
perhitungan cadangan kerugian penurunan nilai. the allowance for impairment losses system.
Kami juga memperoleh pemahaman dan menilai We also obtained understanding and assessed
metodologi pengukuran penurunan nilai, impairment measurement methodologies,
melakukan validasi model cadangan kerugian validation of allowance for impairment losses
penurunan nilai, data masukan, dasar, dan models, and inputs, bases and assumptions
asumsi yang digunakan oleh Grup dalam used by the Group in calculating the allowance
menghitung cadangan kerugian penurunan nilai, for impairment losses, and tested the
serta menguji tiga tahapan kualitas kredit classification into three-stage credit quality of
portofolio sesuai dengan kriteria tingkatan loan portfolios in accordance with staging
(staging) yang disusun oleh Grup untuk kredit criteria developed by the Group for loans,
yang diberikan, menguji apakah pengalaman tested whether historical experience is
historis mewakili keadaan saat ini dan kerugian representative of current circumstances and of
terkini yang terjadi dalam portofolio, serta the recent losses incurred in the portfolios, and
menilai kewajaran atas penyesuaian asumsi assessed reasonableness of forward-looking
berorientasi masa depan, analisis faktor ekonomi adjustments, macroeconomic factor analysis,
makro, dan beberapa skenario probabilitas and probability-weighted multiple scenarios
tertimbang untuk kredit yang diberikan. for loans.
iv
A member firm of Ernst & Young Global Limited
Page 630
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan pembiayaan/piutang syariah sharia financing/receivables (continued)
(lanjutan)
Respons audit: (lanjutan) Audit response: (continued)
Untuk cadangan kerugian penurunan nilai yang With respect to individually assessed allowance
dinilai secara individual, kami menguji sampel for impairment losses, we tested a sample of
kredit yang diberikan dan pembiayaan/piutang loans and sharia financing/receivables to
syariah untuk mengevaluasi identifikasi secara evaluate the timely identification by the Group of
tepat waktu oleh Grup atas eksposur yang exposures with significant deterioration in credit
mengalami penurunan kualitas kredit yang quality or those which have been impaired; for
signifikan atau yang telah mengalami penurunan cases where impairment has been identified,
nilai; untuk kasus-kasus di mana penurunan nilai assessed the Group’s assumptions on the
telah diidentifikasi, kami menilai asumsi Grup expected future cash flows, including the value
atas arus kas masa depan ekspektasian, of realizable collateral based on available market
termasuk nilai agunan yang dapat direalisasikan information or valuation prepared by
berdasarkan informasi pasar yang tersedia atau independent valuer. We also checked the
penilaian yang dilakukan oleh penilai accuracy of the calculation of the allowance for
independen. Kami juga memeriksa keakurasian impairment losses amount by recalculating the
perhitungan jumlah cadangan kerugian collective impairment assessment for the entire
penurunan nilai dengan melakukan perhitungan portfolio and recalculating the individual
ulang atas keseluruhan portfolio yang penurunan impairment assessment on a sample basis,
nilainya dinilai secara kolektif dan melakukan assessed whether the consolidated financial
perhitungan ulang statement disclosures are adequately and
atas penurunan nilai yang dinilai secara appropriately reflecting the Group’s exposures
individual berdasarkan sampel, menilai apakah to credit risk, and involved our auditor’s internal
pengungkapan di laporan keuangan expert to assist us in the performance of the
konsolidasian cukup dan secara memadai above procedures where their specific expertise
mencerminkan eksposur Grup terhadap risiko was required.
kredit, dan melibatkan pakar auditor internal
kami untuk membantu kami dalam melakukan
prosedur-prosedur di atas ketika keahlian
spesifik mereka diperlukan.
v
A member firm of Ernst & Young Global Limited
Page 631
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2025 information included in the 2025 Annual Report
(“Laporan Tahunan”) selain laporan keuangan (“The Annual Report”) other than the
konsolidasian terlampir dan laporan auditor accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan and our independent auditor’s report thereon.
akan tersedia bagi kami setelah tanggal laporan The Annual Report is expected to be made
auditor independen ini. available to us after the date of this independent
auditor’s report.
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the annual report.
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibility is to read the Annual Report when it
Tahunan ketika tersedia dan, dalam becomes available and, in doing so, consider
melaksanaannya, mempertimbangkan apakah whether the Annual Report is materially
Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengkomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
vi
A member firm of Ernst & Young Global Limited
Page 632
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the consolidated
laporan keuangan konsolidasian financial statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation
dan penyajian wajar laporan keuangan and fair presentation of the consolidated
konsolidasian tersebut sesuai dengan Standar financial statements in accordance with
Akuntansi Keuangan di Indonesia, dan atas Indonesian Financial Accounting Standards, and
pengendalian internal yang dianggap perlu oleh for such internal control as management
manajemen untuk memungkinkan penyusunan determines is necessary to enable the
laporan keuangan konsolidasian yang bebas dari preparation of consolidated financial statements
kesalahan penyajian material, baik yang that are free from material misstatement,
disebabkan oleh kecurangan maupun kesalahan. whether due to fraud or error.
Dalam penyusunan laporan keuangan In preparing the consolidated financial
konsolidasian, manajemen bertanggung jawab statements, management is responsible for
untuk menilai kemampuan Grup dalam assessing the Group’s ability to continue as a
mempertahankan kelangsungan usahanya, going concern, disclosing, as applicable, matters
mengungkapkan, sesuai dengan kondisinya, hal- related to going concern, and using the going
hal yang berkaitan dengan kelangsungan usaha, concern basis of accounting, unless management
dan menggunakan basis akuntansi kelangsungan either intends to liquidate the Group or to cease
usaha, kecuali manajemen memiliki intensi untuk its operations, or has no realistic alternative but
melikuidasi Grup atau menghentikan operasi, to do so.
atau tidak memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses for overseeing the Group’s financial reporting
pelaporan keuangan Grup. process.
Tujuan kami adalah untuk memperoleh keyakinan Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan assurance about whether the consolidated
konsolidasian secara keseluruhan bebas dari financial statements taken as a whole are free
kesalahan penyajian material, baik yang from material misstatement, whether due to
disebabkan oleh kecurangan maupun kesalahan, fraud or error, and to issue an independent
dan untuk menerbitkan laporan auditor auditor’s report that includes our opinion.
independen yang mencakup opini kami. Reasonable assurance is a high level of
Keyakinan memadai merupakan suatu tingkat assurance, but is not a guarantee that an audit
keyakinan tinggi, namun bukan merupakan suatu conducted in accordance with Standards on
jaminan bahwa audit yang dilaksanakan Auditing established by the IICPA will always
berdasarkan Standar Audit yang ditetapkan oleh detect a material misstatement when it exists.
IAPI akan selalu mendeteksi kesalahan penyajian Misstatements can arise from fraud or error and
material ketika hal tersebut ada. Kesalahan are considered material if, individually or in the
penyajian dapat disebabkan oleh kecurangan aggregate, they could reasonably be expected to
maupun kesalahan dan dianggap material jika, influence the economic decisions of users taken
baik secara individual maupun agregat, dapat on the basis of these consolidated financial
diekspektasikan secara wajar akan statements.
mempengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
konsolidasian tersebut.
vii
A member firm of Ernst & Young Global Limited
Page 633
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional skepticism throughout the audit. We also:
selama audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memperoleh bukti audit yang cukup dan provide a basis for our opinion. The risk of
tepat untuk menyediakan basis bagi opini not detecting a material misstatement
kami. Risiko tidak terdeteksinya suatu resulting from fraud is higher than for one
kesalahan penyajian material yang resulting from error, as fraud may involve
disebabkan oleh kecurangan lebih tinggi dari collusion, forgery, intentional omissions,
yang disebabkan oleh kesalahan, karena misrepresentations, or the override of
kecurangan dapat melibatkan kolusi, internal control.
pemalsuan, penghilangan secara sengaja,
pernyataan salah, atau pengabaian
pengendalian internal.
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness
keefektivitasan pengendalian internal Grup. of the Group internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related
dibuat oleh manajemen. disclosures made by management.
viii
A member firm of Ernst & Young Global Limited
Page 634
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00028/2.1505/AU.1/07/1681- Report No. 00028/2.1505/AU.1/07/1681-
3/1/II/2026 (lanjutan) 3/1/II/2026 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional skepticism throughout the audit. We also:
selama audit. Kami juga: (lanjutan) (continued)
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern
manajemen dan, berdasarkan bukti audit basis of accounting and, based on the audit
yang diperoleh, apakah terdapat suatu evidence obtained, whether a material
ketidakpastian material yang terkait dengan uncertainty exists related to events or
peristiwa atau kondisi yang dapat conditions that may cast significant doubt on
menyebabkan keraguan signifikan atas the Group's ability to continue as a going
kemampuan Grup untuk mempertahankan concern. If we conclude that a material
kelangsungan usahanya. Ketika kami uncertainty exists, we are required to draw
menyimpulkan bahwa terdapat suatu attention in our independent auditor’s report
ketidakpastian material, kami diharuskan to the related disclosures in the consolidated
untuk menarik perhatian dalam laporan financial statements or, if such disclosures
auditor independen kami ke pengungkapan are inadequate, to modify our opinion. Our
terkait dalam laporan keuangan conclusion is based on the audit evidence
konsolidasian atau, jika pengungkapan obtained up to the date of our independent
tersebut tidak memadai, memodifikasi opini auditor’s report. However, future events or
kami. Kesimpulan kami didasarkan pada conditions may cause the Group to cease to
bukti audit yang diperoleh hingga tanggal continue as a going concern.
laporan auditor independen kami. Namun,
peristiwa atau kondisi masa depan dapat
menyebabkan Grup tidak dapat
mempertahankan kelangsungan usaha.
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and contents of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial
mencerminkan transaksi dan peristiwa yang statements represent the underlying
mendasarinya dengan suatu cara yang transactions and events in
mencapai penyajian wajar. a manner that achieves fair presentation.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk entities or business activities within the
menyatakan opini atas laporan keuangan Group to express an opinion on the
konsolidasian. Kami bertanggung jawab atas consolidated financial statements. We are
arahan, supervisi, dan pelaksanaan audit responsible for the direction, supervision,
grup. Kami tetap bertanggung jawab and performance of the group audit. We
sepenuhnya atas opini audit kami. remain solely responsible for our audit
opinion.
ix
A member firm of Ernst & Young Global Limited
Page 635
A member firm of Ernst & Young Global Limited
Page 636
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
ASET ASSETS
KAS 2.154.839 2a,2b,2e,4 2.105.620 CASH
CURRENT ACCOUNTS
GIRO PADA BANK INDONESIA 33.797.873 2a,2b,2e, 22.739.920 WITH BANK INDONESIA
2g,5
CURRENT ACCOUNTS
GIRO PADA BANK LAIN 2a,2b, WITH OTHER BANKS
Pihak ketiga 1.355.738 2e,2f 886.415 Third parties
Pihak berelasi 1.160.233 2g,6,46 5.065.331 Related parties
2.515.971 5.951.746
Cadangan kerugian Allowance for
penurunan nilai (2.050) 2f (2.571) impairment losses
2.513.921 5.949.175
PENEMPATAN PADA BANK 2a,2b, PLACEMENTS WITH BANK
INDONESIA DAN BANK LAIN 2e,2h,7, INDONESIA AND OTHER BANKS
Pihak ketiga 12.929.938 2d,46 4.661.043 Third parties
Pihak berelasi - 61 Related parties
12.929.938 4.661.104
EFEK-EFEK 2a,2b SECURITIES
Pihak ketiga 16.588.868 2d,2e, 19.874.205 Third parties
Pihak berelasi 5.464.153 2i,8,46 5.489.205 Related parties
22.053.021 25.363.410
Cadangan kerugian Allowance for
penurunan nilai (52) 2f (787) impairment losses
22.052.969 25.362.623
OBLIGASI PEMERINTAH 2a,2b,2d, GOVERNMENT BONDS
Pihak berelasi 38.106.638 2e,2i,9,46 35.475.529 Related parties
EFEK-EFEK YANG DIBELI DENGAN 2b, SECURITIES PURCHASED UNDER
JANJI DIJUAL KEMBALI 2e,2w,10,46 AGREEMENT TO RESELL
Pihak ketiga 1.412.460 175.625 Third parties
Pihak Berelasi 271.380 - Related parties
1.683.840 175.625
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
1
Page 637
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
ASET (lanjutan) ASSETS (continued)
KREDIT YANG DIBERIKAN
DAN PEMBIAYAAN/ 2d,2e,2f, LOANS AND SHARIA
PIUTANG SYARIAH 2j,2k,11,46 FINANCING/RECEIVABLES
Kredit yang diberikan Loans
Pihak ketiga 312.576.503 286.144.106 Third parties
Pihak berelasi 33.126.421 27.935.999 Related parties
345.702.924 314.080.105
Cadangan kerugian Allowance for
penurunan nilai (13.959.557) 2f (11.727.934) impairment losses
331.743.367 302.352.171
Pembiayaan/piutang syariah Sharia financing/receivables
Pihak ketiga 53.552.470 43.681.345 Third parties
Pihak berelasi 1.320.693 211.482 Related parties
54.873.163 43.892.827
Cadangan kerugian Allowance for
penurunan nilai (1.354.679) 2f (1.329.253) impairment losses
53.518.484 42.563.574
385.261.851 344.915.745
TAGIHAN DERIVATIF 2e DERIVATIVE RECEIVABLES
Pihak ketiga - 2ap,12 102.843 Third parties
TAGIHAN AKSEPTASI 2d,2e,2f ACCEPTANCES RECEIVABLES
Pihak ketiga 420.439 2l,13,46 508.190 Third parties
Pihak berelasi 154.462 433.708 Related parties
574.901 941.898
Cadangan kerugian Allowance for
penurunan nilai (124) 2f (1.987) impairment losses
574.777 939.911
ASET TETAP 2n,2p PREMISES AND EQUIPMENT
Biaya perolehan/nilai revaluasi 15.950.513 14,37 14.059.957 Cost/revaluation value
Akumulasi penyusutan (5.441.785) (4.883.826) Accumulated depreciation
10.508.728 9.176.131
BUNGA YANG MASIH AKAN
DITERIMA 12.222.824 2e,15 11.518.574 INTEREST RECEIVABLES
ASET PAJAK DEFERRED TAX
TANGGUHAN - NETO 1.323.347 2ag,41 2.286.038 ASSETS – NET
BIAYA DIBAYAR DIMUKA 1.232.769 2r,18 985.821 PREPAID EXPENSE
PAJAK DIBAYAR DIMUKA 981.970 41 754.095 PREPAID TAXES
ASET TIDAK BERWUJUD INTANGIBLE ASSET
Biaya perolehan 792.084 2o,17 137.531 Cost value
Akumulasi penyusutan (66.521) (15.522) Accumulated depreciation
725.563 122.009
2e,2p,2o,2s
ASET LAIN-LAIN 1.721.573 2q,2am,16 2.343.739 OTHER ASSETS
TOTAL ASET 527.793.420 469.614.502 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
2
Page 638
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS SEGERA 1.887.329 2b,2e,2t,19 2.275.949 LIABILITIES DUE IMMEDIATELY
SIMPANAN DARI NASABAH 2d,2e,2u DEPOSITS FROM CUSTOMERS
Giro 20,46 Demand deposits
Pihak ketiga 113.480.993 89.112.534 Third parties
Pihak berelasi 28.817.269 51.910.728 Related parties
142.298.262 141.023.262
Giro Wadiah 20 Wadiah demand deposits
Pihak ketiga 23.285.531 15.853.349 Third parties
Pihak berelasi 1.862.072 3.029.417 Related parties
25.147.603 18.882.766
167.445.865 159.906.028
Tabungan 21 Saving deposits
Pihak ketiga 34.562.225 36.825.185 Third parties
Pihak berelasi 643.032 874.964 Related parties
35.205.257 37.700.149
Tabungan Wadiah 21 Wadiah saving deposits
Pihak ketiga 1.726.107 1.520.491 Third parties
Pihak berelasi 969 1.441 Related parties
1.727.076 1.521.932
36.932.333 39.222.081
Deposito berjangka 22 Time deposits
Pihak ketiga 139.829.959 92.959.773 Third parties
Pihak berelasi 61.291.574 60.349.598 Related parties
201.121.533 153.309.371
Total simpanan dari nasabah 405.499.731 352.437.480 Total deposits from customers
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
3
Page 639
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
SIMPANAN DARI BANK LAIN 2e,2v, DEPOSITS FROM OTHER BANKS
Pihak ketiga 96.481 23 70.035 Third parties
EFEK-EFEK YANG DIJUAL DENGAN 2d,2e SECURITIES SELL UNDER
JANJI DIBELI KEMBALI 2w,2u,24,46 AGREEMENT TO REPURCHASED
Pihak ketiga 349.076 2.446.384 Third parties
Pihak berelasi - 963.042 Related parties
349.076 3.409.426
LIABILITAS AKSEPTASI 2d,2e,2l ACCEPTANCES PAYABLE
Pihak ketiga 168.480 25,46 251.423 Third parties
Pihak berelasi 406.421 690.475 Related parties
574.901 941.898
UTANG PAJAK 140.082 2e,2p,41 368.473 TAXES PAYABLE
SURAT-SURAT BERHARGA
YANG DITERBITKAN 1c,2d,2e, SECURITIES ISSUED
Pihak ketiga 2.476.014 2x,26,46 2.880.741 Third parties
Pihak berelasi 1.509.069 2.563.783 Related parties
3.985.083 5.444.524
PINJAMAN YANG DITERIMA 2d,2e,2y, FUND BORROWINGS
Pihak ketiga 10.240.697 27,46 10.132.859 Third parties
Pihak berelasi 27.751.154 23.352.225 Related parties
37.991.851 33.485.084
BUNGA YANG MASIH
HARUS DIBAYAR 497.893 2e,29 658.070 INTEREST PAYABLE
ESTIMATED LOSSES ON
ESTIMASI KERUGIAN KOMITMEN 2b,2e COMMITMENTS
DAN KONTINJENSI 438 30,42 3.385 AND CONTINGENCIES
LIABILITAS IMBALAN KERJA 2.552.651 2d, 2ag,43,46 1.745.282 EMPLOYEE BENEFITS
PINJAMAN SUBORDINASI SUBORDINATED LOAN
DAN EFEK-EFEK SUBORDINASI 2d,2e,2z AND SECURITIES
Pihak ketiga 1.795.858 28,46 4.828.105 Third parties
Pihak berelasi 3.696.275 1.500.000 Related parties
5.492.133 6.328.105
LIABILITAS LAIN-LAIN 633.000 2e,2p,31 626.886 OTHER LIABILITIES
TOTAL LIABILITAS 459.700.649 407.794.597 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
4
Page 640
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
SIMPANAN NASABAH 2b,2d,2e DEPOSITS FROM CUSTOMERS
Giro Mudharabah 2ac,46,20 Mudharabah current accounts
Pihak ketiga 1.046.837 929.940 Third parties
Pihak berelasi 749.717 11.985 Related parties
1.796.554 941.925
Tabungan Mudharabah 21 Mudharabah saving deposits
Pihak ketiga 5.645.501 6.161.887 Third parties
Pihak berelasi 1.306.347 125.893 Related parties
6.951.848 6.287.780
Deposito berjangka Mudharabah 22 Mudharabah time deposits
Pihak ketiga 18.113.035 15.129.659 Third parties
Pihak berelasi 4.994.605 6.857.408 Related parties
23.107.640 21.987.067
Total simpanan nasabah 31.856.042 29.216.772 Total deposits from customers
SIMPANAN DARI BANK LAIN 2b,2e,2ac DEPOSITS FROM OTHER BANKS
Giro Mudharabah 23 Mudharabah current accounts
Pihak ketiga 6.145 9.214 Third parties
Tabungan Mudharabah 23 Mudharabah saving deposits
Pihak ketiga 19.991 21.730 Third parties
Deposito berjangka Mudharabah 23 Mudharabah time deposits
Pihak ketiga 300 300 Third parties
Total simpanan dari bank lain 26.436 31.244 Total deposits from other banks
TOTAL DANA SYIRKAH TOTAL TEMPORARY
TEMPORER 31.882.478 29.248.016 SYIRKAH FUNDS
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
5
Page 641
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
EKUITAS EQUITY
Modal saham - nominal
Rp500 (Rupiah penuh) Capital stock - Rp500
per saham masing-masing par value per share (full amount)
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Modal dasar 20.478.432.000 Authorized capital 20,478,432,000
saham (nilai penuh) shares (full amount)
(terdiri dari 1 lembar saham seri A (consisting of 1 share of Series A
Dwiwarna dan 20.478.431.999 Dwiwarna and 20,478,431,999
lembar saham seri B) shares of series B)
masing-masing pada tanggal as of December 31, 2025 and
31 Desember dan 2024 2024 , respectively
Modal ditempatkan dan disetor penuh Issued and fully paid capital
14.034.444.413 saham 14,034,444,413 shares
(nilai penuh) (terdiri dari 1 lembar (full amount) (consisting of 1
saham seri A Dwiwarna share of series A Dwiwarna
dan 14.034.444.412 lembar and 14,034,444,412 shares
Saham seri B) masing-masing of series B) as of
pada tanggal 31 Desember 2025 December 31, 2025
dan 2024. 7.017.222 2aa,32a 7.017.222 and 2024
Tambahan modal disetor 4.418.900 32b 4.418.900 Additonal paid-in capital
Kerugian neto yang belum Net unrealized loss
direalisasi dan cadangan kerugian allowance for and
penurunan nilai atas impairment losses on
efek-efek dan obligasi pemerintah securities and government
diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain- comprehensive income
setelah pajak tangguhan (530.198) 2i (1.107.982) net of deferred tax
Pengukuran kembali Remeasurement
program imbalan pasti - of defined benefit plan
setelah pajak tangguhan (579.201) 2ag (424.015) - net of deferred tax
Bagian efektif lindung nilai Effective portion of
arus kas - 2ah,12 (44.082) cash flow hedge
Revaluation surplus of premises
Surplus revaluasi aset tetap 3.988.158 2n,14 3.565.773 and equipment
Saldo laba*) Retained earnings*)
Telah ditentukan penggunaannya 18.237.500 15.982.004 Appropriated
Belum ditentukan penggunaannya 3.657.894 2b,2ab 3.164.069 Unappropriated
Total Saldo Laba 21.895.394 19.146.073 Total Retained Earning
Total ekuitas yang dapat diatribusikan Total Equity Attributable to Equity
Kepada entitas induk 36.210.275 32.571.889 Holders of the Parent Entity
Kepentingan non-pengendali 18 2b - Non-controling Interest
TOTAL EKUITAS 36.210.293 32.571.889 TOTAL EQUITY
TOTAL LIABILITAS, DANA TOTAL LIABILITIES,
SYIRKAH TEMPORER TEMPORARY SYIRKAH
DAN EKUITAS 527.793.420 469.614.502 FUNDS AND EQUITY
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi reorganisasi *) Accumulated losses amounted to Rp14,226,290 was eliminated as a
pada tanggal 31 Mei 2007. result of quasi reorganization on May 31, 2007.
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
6
Page 642
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN CONSOLIDATED STATEMENT
PENGHASILAN KOMPREHENSIF LAIN OF PROFIT OR LOSS AND OTHER
KONSOLIDASIAN COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan Bunga dan Interest Income and Income
Bagi Hasil 2ad,2ae from Profit Sharing
Bunga 31.879.842 33a 25.472.625 Interest
Profit sharing and margin
Bagi hasil dan marjin unit syariah 4.461.026 2af,33b 4.068.967 from sharia unit
Total Pendapatan Bunga dan Total Interest Income and
Bagi Hasil 36.340.868 29.541.592 Income from Profit Sharing
Beban Bunga, Bagi Hasil Interest, Profit Sharing and
dan Bonus Bonus Expenses
Bunga (15.702.025) 2ad,34a (15.913.459) Interest
Beban pendanaan lainnya (208.578) (200.476) Other financing expenses
Bonus simpanan Wadiah (263.760) 2af,34b (153.446) Wadiah Bonus
Hak pihak ketiga atas bagi Third parties’ share on return
hasil Mudharabah (1.947.956) 2af,34b (1.781.559) of Mudharabah
Total Beban Bunga, Bagi Hasil Total Interest, Profit Sharing
dan Bonus (18.122.319) (18.048.940) and Bonus Expenses
Pendapatan Bunga dan Bagi Interest Income and Income
Hasil - Neto 18.218.549 11.492.652 from Profit Sharing - Net
Pendapatan Operasional Lainnya Other Operating Income
Pungutan administrasi dan Administration fees and
denda atas simpanan dan penalties on
kredit yang diberikan 1.080.319 1.072.304 deposits and loans
Pendapatan dari penerimaan kredit Income from recovery of
yang dihapusbukukan 1.024.936 1.338.753 loans written-off
Keuntungan dari penjualan
efek-efek - neto 1.118.772 2i,8 932.900 Gain on sale of securities - net
Keuntungan dari penjualan Gain on sale of government
obligasi pemerintah - neto 178.444 2i,9 49.049 bonds – net
Keuntungan yang belum direalisasi Unrealized gain on changes
dari perubahan nilai wajar in fair value of
efek-efek - neto 46.906 2i,8 30.175 securities - net
Lain-lain 658.595 35 1.152.738 Others
Total Pendapatan Operasional
Lainnya 4.107.972 4.575.919 Total Other Operating Income
Penyisihan Kerugian Penurunan Provision for Impairment
Nilai Aset Keuangan dan Losses on Financial
Aset Non Keuangan (6.178.669) 2e,2g,36 (1.981.495) and Non-financial Assets
Pembalikan Estimasi Reversal of
Kerugian Penurunan Estimated losses on
Nilai Komitmen dan Kontinjensi 2.947 30 195 Comitment and Contingencies
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
7
Page 643
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN CONSOLIDATED STATEMENT
PENGHASILAN KOMPREHENSIF LAIN OF PROFIT OR LOSS AND OTHER
KONSOLIDASIAN (lanjutan) COMPREHENSIVE INCOME (continued)
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL (lanjutan) FROM OPERATIONS (continued)
Beban Operasional Lainnya Other Operating Expenses
Umum dan administrasi (5.263.420) 37 (4.456.861) General and administrative
Gaji karyawan (5.004.271) 2ag,2d,38,46 (4.445.575) Salaries and employee benefits
Premi program penjaminan Premium on government’s
pemerintah (846.272) 45 (729.685) guarantee program
Kerugian yang belum direalisasi Unrealized losses on asrchanges
dari perubahan nilai wajar in fair value of government
obligasi pemerintah - neto (6.893) 2i,9 (40.444) bonds - net
Lain-lain (673.906) 39 (589.993) Others
Total Beban Operasional Lainnya (11.794.762) (10.262.558) Total Other Operating Expenses
LABA OPERASIONAL 4.356.037 3.824.713 INCOME FROM OPERATIONS
Pendapatan (Beban) Bukan Non-Operating
Operasional - neto 25.927 40 (51.872) Income (Expenses) - net
LABA SEBELUM INCOME BEFORE
BEBAN PAJAK 4.381.964 3.772.841 TAX EXPENSE
BEBAN PAJAK (880.810) 2ai,41 (765.513) TAX EXPENSE
LABA TAHUN BERJALAN 3.501.154 3.007.328 INCOME FOR THE YEAR
Penghasilan Komprehensif Lain: Other Comprehensive Income:
Akun-akun yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Surplus revaluasi aset tetap 422.385 2n,14 - Surplus revaluation of fixed asset
Pengukuran kembali program imbalan Remeasurement of defined
pasti (191.589) 2ag,43 168.301 benefit plan
Pajak penghasilan terkait akun-akun Income tax related to items that will
yang tidak akan direklasifikasi not be reclassified
ke laba rugi 36.403 41e (31.977) to profit or loss
Akun-akun yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Bagian efektif lindung nilai Effective part of hedging-
arus kas 54.423 (14.490) cash flow
Keuntungan neto yang
belum direalisasi atas perubahan nilai
efek-efek dan obligasi Net unrealized gain on changes
pemerintah yang diukur pada in value of fair value through
nilai wajar melalui other comprehensive income
penghasilan komprehensif lain 708.453 2i,8,9 (421.538) securities and government bonds
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
8
Page 644
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN CONSOLIDATED STATEMENT
PENGHASILAN KOMPREHENSIF LAIN OF PROFIT OR LOSS AND OTHER
KONSOLIDASIAN (lanjutan) COMPREHENSIVE INCOME (continued)
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
Penghasilan Komprehensif Other Comprehensive
Lain: (lanjutan) Income: (continued)
Akun-akun yang akan direklasifikasi Items that will be reclassified
ke laba rugi (lanjutan) to profit or loss (continued)
Pajak penghasilan terkait akun-akun Income tax related to items that
yang akan direklasifikasi will be reclassified
ke laba rugi (141.010) 85.311 to profit or loss
TOTAL LABA KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 4.390.219 2.792.935 INCOME FOR THE YEAR
LABA TAHUN BERJALAN
YANG DAPAT DIATRIBUSIKAN INCOME FOR THE /YEAR
KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 3.501.154 3.007.328 Equity holders of the parent entity
Kepentingan non-pengendali - - Non-controlling interest
Total 3.501.154 3.007.328 Total
TOTAL LABA KOMPREHENSIF TOTAL COMPRHENSIVE INCOME
TAHUN BERJALAN YANG FOR THE YEAR
DAPAT DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 4.390.219 2.792.935 Equity holders of the parent entity
Kepentingan non-pengendali - - Non-controlling interest
Total 4.390.219 2.792.935 Total
LABA PER SAHAM DASAR YANG EARNINGS PER SHARE
DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO EQUITY
PEMILIK ENTITAS INDUK HOLDERS OF
(Rupiah penuh) (full Rupiah)
Dasar 249 2ak, 49 214 Basic
Catatan atas laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements
terlampir merupakan bagian yang tidak terpisahkan dari form an integral part of these consolidated financial statements
laporan keuangan konsolidasian secara keseluruhan. taken as a whole.
9
Page 645
The original consolidated financial statements included herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2025 For the Year Then Ended December 31, 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan
(Kerugian)
yang Belum
Direalisasi
dan Cadangan
kerugian
penurunan
nilai atas
Efek-efek dan
Obligasi
Pemerintah
yang Diukur
pada nilai
wajar
melalui
penghasilan
komprehensif
lain - Neto/ Total
Unrealized Ekuitas
Gain (Loss) yang dapat
and Diatribusikan
allowance Pengukuran Bagian kepada
for Kembali Efektif Entitas
Modal impairment Program Surplus Lindung Saldo laba/Retained earnings*) Induk/ Total
Ditempatkan losses imbalan Revaluasi Nilai Arus Kas/ Equity
dan Disetor on FVTOCI Pasti - Neto/ Aset Tetap/ Effective Telah Attributable Kepentingan Non
Penuh/ Tambahan Dana Setoran Securities Remeasurement Revaluation Portion Ditentukan Belum to Equity Pengendali
Issued and Modal Disetor/ Modal/ and of Defined on Surplus of of Cash Penggunaan Ditentukan Holder of /Non-
Catatan/ Fully Paid Additional Deposit Government Benefit Premises and Flow -nya/ Penggunaanya/ The Parent Controlling Ekuitas/
Notes Capital Stock Paid-in Capital capital fund Bonds - Net Plan - Net Equipment Hedges Appropriated Unappropriated Entity Interest Equity
Saldo per 31 Desember 2023 7.017.222 4.418.900 - (769.001) (560.339) 3.565.773 (32.346) 13.181.214 3.657.729 30.479.152 - 30.479.152 Balance as of December 31, 2023
Total laba (rugi) komprehensif tahun berjalan 2h,8,9,12,43 - - - (338.981) 136.324 - (11.736) - 3.007.328 2.792.935 - 2.792.935 Total comprehensive income for the year
Dana setoran modal 32d - - - - - - - - - - - - Capital deposit fund
Dividen 32c - - - - - - - - (700.198) (700.198) - (700.198) Dividend
Pembentukan cadangan umum dan cadangan tujuan 32c - - - - - - - 2.800.790 (2.800.790) - - - Appropriation for general and special reserves
Saldo per 31 Desember 2024 7.017.222 4.418.900 - (1.107.982) (424.015) 3.565.773 (44.082) 15.982.004 3.164.069 32.571.889 - 32.571.889 Balance as of December 31, 2024
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007. *) Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian The accompanying notes to the consolidated financial statements form an integral
yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements taken as a whole
10
Page 646
The original consolidated financial statements included herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2025 For the Year Then Ended December 31, 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan
(Kerugian)
yang Belum
Direalisasi
dan Cadangan
kerugian
penurunan
nilai atas
Efek-efek dan
Obligasi
Pemerintah
yang Diukur
pada nilai
wajar
melalui
penghasilan
komprehensif
lain – Neto/ Total
Unrealized Ekuitas
Gain (Loss) yang dapat
and Diatribusikan
allowance Pengukuran Bagian kepada
for Kembali Efektif Entitas
Modal impairment Program Surplus Lindung Saldo laba/Retained earnings*) Induk/ Total
Ditempatkan losses imbalan Revaluasi Nilai Arus Kas/ Equity
dan Disetor on FVTOCI Pasti - Neto/ Aset Tetap/ Effective Telah Attributable Kepentingan Non
Penuh/ Tambahan Dana Setoran Securities Remeasurement Revaluation Portion Ditentukan Belum to Equity Pengendali
Issued and Modal Disetor/ Modal/ and of Defined on Surplus of of Cash Penggunaan Ditentukan Holder of /Non-
Catatan/ Fully Paid Additional Deposit Government Benefit Premises and Flow -nya/ Penggunaanya/ The Parent Controlling Ekuitas/
Notes Capital Stock Paid-in Capital capital fund Bonds - Net Plan - Net Equipment Hedges Appropriated Unappropriated Entity Interest Equity
Saldo per 31 Desember 2024 7.017.222 4.418.900 - (1.107.982) (424.015) 3.565.773 (44.082) 15.982.004 3.164.069 32.571.889 - 32.571.889 Balance as of December 31, 2024
Kepentingan non pengendali Non-controlling interest acquired
Diperoleh dari kombinasi bisnis - - - - - - - - - - 18 18 from business combinations
Total laba komprehensif tahun berjalan 2h,8,9,12,43 - - - 577.784 (155.186) 422.385 44.082 - 3.501.154 4.390.219 - 4.390.219 Total comprehensive income for the year
Dividen 32c - - - - - - - - (751.833) (751.833) - (751.833) Dividend
Pembentukan cadangan umum dan cadangan tujuan 32c - - - - - - - 2.255.496 (2.255.496) - - - Appropriation for general and special reserves
Saldo per 31 Desember 2025 7.017.222 4.418.900 - (530.198) (579.201) 3.988.158 - 18.237.500 3.657.894 36.210.275 18 36.210.293 Balance as of December 31, 2025
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007. *) Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian The accompanying notes to the consolidated financial statements form an integral
yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements taken as a whole
11
Page 647
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan bunga, bagi hasil,
dan marjin 31.416.682 29.689.639 Interest, profit sharing, and margin
Pembayaran bunga dan bonus, Interest and bonus, fees and
provisi dan komisi (18.234.167) (17.973.763) commissions paid
Penerimaan kredit yang telah Recoveries from loan
dihapusbukukan 1.024.936 1.421.221 debts written-off
Pembayaran pajak penghasilan
badan (393.150) (912.208) Corporate income tax paid
Beban operasional lainnya (11.151.094) (9.585.564) Other operating expense
Pendapatan operasional lainnya 3.153.456 3.213.023
Pendapatan (Beban) bukan Other non-operating
operasional lainnya - neto 25.951 (63.538) income (expenses) - net
Penerimaan kas sebelum perubahan Cash receipts before changes in
aset dan liabilitas operasi 5.842.614 5.788.810 operating assets and liabilities
Perubahan dalam aset dan Changes in operating assets
liabilitas operasi: and liabilities:
Penurunan (kenaikan) dalam Decrease (increase) in operating
aset operasi: assets:
Efek-efek yang diukur pada nilai wajar Fair value through profit or loss
Melalui laba rugi 3.763.859 (18.286.677) securities
Obligasi pemerintah yang diukur pada Fair value through profit or loss
nilai wajar melalui laba rugi 174.072 490.445 government bonds
Tagihan akseptasi 366.997 (397.331) Acceptance receivable
Tagihan derivatif 146.925 (70.666) Derivative receivable
Kredit yang diberikan dan pembiayaan/ Loans and sharia financing/
piutang syariah (42.240.730) (27.739.554) receivables
Aset lain-lain 594.910 (136.021) Other assets
Kenaikan (penurunan) dalam Increase (decrease) in operating
Liabilitas operasi: liabilities:
Liabilitas segera (485.935) (441.930) Liabilites due immediately
Simpanan dari nasabah Deposits from customer
Giro 1.275.000 11.653.971 Demand deposits
Giro Wadiah 6.264.837 5.443.299 Wadiah demand deposits
Tabungan (2.494.892) (22.012) Savings deposits
Tabungan Wadiah 205.144 245.340 Savings deposits Wadiah
Deposito berjangka 47.812.161 12.615.733 Time deposits
Simpanan dari bank lain 26.445 (21.277) Deposits from other banks
Liabilitas akseptasi (366.997) 397.331 Acceptance payables
Liabilitas lain-lain 806.055 (416.997) Other liabilities
Dana syirkah temporer 2.634.462 2.141.920 Temporary syirkah funds
Kas Neto diperoleh/(digunakan untuk) Net Cash provided/(used in)
dari Aktivitas Operasi 24.324.927 (8.755.616) by Operating Activities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated financial
keuangan konsolidasian secara keseluruhan. statements
taken as a whole.
12
Page 648
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
(lanjutan) (continued)
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Acquisitions of premises and
Perolehan aset tetap (1.874.406) 14 (1.634.521) equipment
Akuisisi Entitas Anak dengan Kas (1.540.067) - Share Participation
(Pembelian) penerimaan efek-efek (Purchase) receipt in fair value
diukur pada nilai wajar melalui through other comprehensive
penghasilan komprehensif lain (579.617) (31.199) income securities
Pembelian obligasi pemerintah
diukur pada nilai Purchase in fair value
wajar melalui penghasilan through other comprehensive
komprehensif lain (9.161.824) (1.163.910) income government bonds
Penerimaan (pembelian) saat jatuh tempo
dari efek-efek Receipt (Purchase) from matured
biaya perolehan diamortisasi 189.716 (2.878.561) amortized cost securities
Penerimaan obligasi pemerintah Receipt of amortized cost
pada biaya perolehan diamortisasi 7.821.715 562.232 government bonds
Penempatan efek-efek yang dibeli Placement of securities purchased
dengan janji dijual kembali (52.522.635) (20.867.689) under agreement to resell
Penerimaan efek-efek yang dibeli Receipt of securities purchased
dibeli dengan janji dijual kembali 51.039.138 20.704.263 under agreement to resell
Penjualan aset tetap 1.155 3.045 Sales of premises and equipment
Kas Neto diperoleh/(digunakan untuk) Net Cash provided/(used in) by
dari Aktivitas Investasi (6.626.825) (5.306.340) Investing Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan atas surat Proceeds of securities
Berharga yang diterbitkan 300.000 680.913 issued
Pembayaran atas
surat-surat berharga yang Payment of matured
diterbitkan jatuh tempo (1.754.979) (3.572.500) securities issued
Pembayaran atas
Pinjaman subordinasi yang Payment of matured
jatuh tempo (4.828.500) (3.000.000) subordinated borrowing
Penerimaan atas Proceeds from
efek-efek yang dijual dengan securities sold under
janji dibeli kembali 51.431.824 143.153.604 repurchase agreements
Pembayaran atas jatuh tempo Payments of matured
efek-efek yang dijual dengan securities sold under
janji dibeli kembali (54.544.966) (139.744.766) repurchase agreements
Pembayaran dividen (751.833) 32c (700.198) Payments of dividends
Penerimaan dari pinjaman Payment of
yang diterima 7.499.533 11.144.193 fund borrowings
Penerimaan dari Pinjaman Subordinasi 4.000.000 - Proceeds of subordinated borrowing
Pembayaran dari pinjaman Payment of
yang diterima (3.020.603) (11.385.262) fund borrowings
Pembayaran liabilitas sewa (88.347) 31 (93.408) Payment of lease liabilities
Kas Neto digunakan untuk Net Cash used in
dari Aktivitas Pendanaan (1.757.871) (3.517.424) by Financing Activities
KENAIKAN/(PENURUNAN) NETO NET INCREASE/(DECREASE)
KAS DAN SETARA KAS 15.940.231 (17.579.380)CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 35.458.390 53.037.770 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 51.398.621 35.458.390 AT END OF YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements
merupakan bagian yang tidak terpisahkan dari laporan form an integral part of these consolidated financial statements
keuangan konsolidasian secara keseluruhan. taken as a whole.
13
Page 649
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
(lanjutan) (continued)
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
Rincian kas dan setara The details of cash and cash
kas akhir tahun adalah equivalents at end of year
sebagai berikut: are as follows:
Kas 2.154.839 2a,4 2.105.620 Cash
Current accounts with
Giro pada Bank Indonesia 33.797.873 2g,5 22.739.920 Bank Indonesia
Current accounts
Giro pada bank lain 2.515.971 2g,6 5.951.746 with other banks
Placements with
Penempatan pada Bank with Bank Indonesia
Indonesia dan bank and other banks -
lain - jangka waktu jatuh tempo maturing within three
tiga bulan atau kurang months or less since
sejak tanggal perolehan 12.929.938 2h,7 4.661.104 the acquisition date
Total 51.398.621 35.458.390 Total
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements
merupakan bagian yang tidak terpisahkan dari laporan form an integral part of these consolidated financial statements
keuangan konsolidasian secara keseluruhan. taken as a whole.
14
Page 650
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Bank a. Bank’s establishment
PT Bank Tabungan Negara (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk
(“Bank”) didirikan sebagai bank milik negara, (“the Bank”) was originally established as
semula dengan nama “Bank Tabungan Pos” a state-owned bank under the name “Bank
berdasarkan Undang-undang Darurat Tabungan Pos” based on Martial Law No. 9 of
No. 9 Tahun 1950 tanggal 9 Februari 1950. 1950 dated February 9, 1950. Subsequently,
Selanjutnya, berdasarkan Peraturan the name of the Bank was changed to “Bank
Pemerintah Pengganti Undang-undang Tabungan Negara” based on Government
No. 4 tahun 1963, nama Bank Tabungan Pos Regulation Amendment of Law No. 4 of 1963.
diubah menjadi “Bank Tabungan Negara”. The Bank started operating as a state-owned
Pada tanggal 29 April 1989, Bank mulai commercial bank on April 29, 1989.
beroperasi sebagai bank umum milik negara.
Berdasarkan Peraturan Pemerintah Based on Government Regulation
No. 24 Tahun 1992, status Bank diubah No. 24 of 1992, the status of the Bank was
menjadi perseroan terbatas milik negara changed to a state-owned limited liability
(Persero). Akta pendirian Bank sebagai corporation (Persero). The Bank’s deed of
Persero dibuat dihadapan Notaris establishment as a limited liability corporation
Muhani Salim, S.H., No. 136 tanggal 31 Juli was documented under deed No. 136 dated
1992 dan telah disahkan oleh Menteri July 31, 1992 of Notary Muhani Salim, S.H.,
Kehakiman dengan Surat Keputusan and was approved by the Ministry of Justice in
No. C2-6587.HT.01.01. TH.92 tanggal its Decision Letter No. C2-6587.HT.01.01.
12 Agustus 1992, serta diumumkan dalam TH.92 dated August 12, 1992 and was
Berita Negara No. 73 tanggal published in Supplement No. 6A of State
11 September 1992 Tambahan No. 6A. Gazette No. 73 dated September 11, 1992.
Berdasarkan surat keputusan Direksi Bank Based on the Decision Letter
Indonesia No. 27/55/KEP/DIR tanggal No. 27/55/KEP/DIR dated September 23, 1994
23 September 1994, Bank memperoleh status of the Directors of Bank Indonesia, the Bank
sebagai bank devisa. obtained the status of a foreign exchange bank.
Bank telah mendapatkan persetujuan dari The Bank has obtained approval from Bank
Bank Indonesia untuk melakukan kegiatan Indonesia to conduct commercial banking
umum perbankan berdasarkan prinsip syariah activities based on sharia principles through
melalui surat No. 6/1350/DPbS tanggal letter No. 6/1350/DPbS dated
15 Desember 2004. December 15, 2004.
Bank mulai melakukan kegiatannya The Bank started its activities based on sharia
berdasarkan prinsip syariah pada tanggal principles on February 14, 2005 with the
14 Februari 2005 dengan mulai beroperasinya operation of its first sharia branch in Jakarta -
cabang syariah pertama di Jakarta - Harmoni. Harmoni.
Pernyataan keputusan Rapat Umum The decision of the Extraordinary General
Pemegang Saham Luar Biasa yang Stockholders’ Meeting to amend all of the
menyetujui perubahan seluruh Anggaran Bank’s Articles of Association to become a
Dasar PT Bank Tabungan Negara (Persero) public company was notarized under notarial
menjadi Perseroan Terbuka telah diaktakan deed No. 7 dated October 12, 2009 of
dengan akta notaris No. 7 tanggal Fathiah Helmi, S.H., The amendment was
12 Oktober 2009 dari notaris approved by the Ministry of Laws and Human
Fathiah Helmi, S.H., Perubahan anggaran Rights in its letter No. AHU-49309.AH-01.02. of
dasar tersebut mendapat persetujuan dari 2009.
Menteri Hukum dan Hak Asasi Manusia
Republik Indonesia melalui surat No. AHU-
49309.AH.01.02. Tahun 2009.
15
Page 651
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Bank (lanjutan) a. Bank’s establishment (continued)
Anggaran Dasar Bank telah mengalami The Articles of Association of the Bank has
beberapa kali perubahan. Penyesuaian been amended several times. The amendment
terakhir dinyatakan dalam Akta No. 47 tanggal was covered by Notarial Deed No. 47 dated
26 Maret 2025 yang dibuat dihadapan Ashoya March 26, 2025 of Ashoya Ratam, S.H., MKn.,
Ratam, S.H., MKn., notaris di Jakarta, a notary in Jakarta, as approved in the Annual
berdasarkan keputusan Rapat Umum General Shareholders’ Meeting on
Pemegang Saham Tahunan tanggal March 26, 2025 and approved by the Ministry
26 Maret 2025 dan telah mendapat of Laws and Human Rights of the Republic of
persetujuan dari Menteri Hukum dan Hak Indonesia, in its Decision Letter
Asasi Manusia Republik Indonesia, dengan No. AHU-AHA.01.03-0111636 dated April 24,
Surat Keputusan No. AHU-AHA.01.03- 2025.
0111636 tanggal 24 April 2025.
Berdasarkan pasal 3 Anggaran Dasar Bank, According to Article 3 of the Bank’s Articles of
ruang lingkup kegiatan Bank adalah Association, the scope of the Bank’s activities is
menjalankan kegiatan umum perbankan to conduct commercial banking activities in
sesuai dengan undang-undang dan peraturan accordance with the prevailing laws and
yang berlaku, termasuk melakukan kegiatan regulations, including the Bank’s activities
Bank berdasarkan prinsip syariah. based on sharia principles.
Bank berdomisili di Jakarta dan kantor pusat The Bank is domiciled in Jakarta and its head
Bank berlokasi di Jalan Gajah Mada No. 1, office is located at Jalan Gajah Mada No. 1,
Jakarta Pusat. Central Jakarta.
Pada tanggal 31 Desember 2025, Bank As of December 31, 2025, the Bank has 82
memiliki 82 kantor cabang, 548 kantor cabang branch offices, 548 sub-branch offices, and 4
pembantu dan 4 kantor fungsional (tidak functional offices (unaudited).
diaudit).
Pada tanggal 31 Desember 2025, Bank As of December 31, 2025, the Bank has one
memiliki entitas anak dengan 1 (satu) kantor subsidiary with one head office and 35 sharia
pusat dan 35 kantor cabang syariah dan 83 branch offices and 35 sharia sub-branch offices.
kantor cabang pembantu syariah.
Pada tanggal 31 Desember 2024, Bank As of December 31, 2024, the Bank has 117
memiliki 117 kantor cabang (termasuk 35 branch offices (including 35 sharia branch
kantor cabang syariah), 611 kantor cabang offices), 611 sub-branch offices (including
pembantu (termasuk 75 kantor cabang 75 sharia sub-branch offices) (unaudited).
pembantu syariah) (tidak diaudit).
16
Page 652
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Rekapitalisasi b. Recapitalization
Pada tanggal 28 Mei 1999, Pemerintah On May 28, 1999, the Government issued
mengeluarkan Peraturan Pemerintah Government Regulation No. 52 of 1999
No. 52 Tahun 1999 tentang penambahan regarding the increase in the Government’s
penyertaan Pemerintah pada Bank dalam capital participation in the Bank within the
rangka Program Rekapitalikassasi yang framework of the Government’s
dijalankan oleh Pemerintah dengan nilai Recapitalization Program for a maximum
setinggi-tingginya sebesar Rp11.200.000. amount of Rp11,200,000. On August 21, 2000,
Pada tanggal 21 Agustus 2000, Pemerintah the Government issued Government
mengeluarkan Peraturan Pemerintah Regulation No. 68 of 2000 regarding the
No. 68 Tahun 2000 tentang penambahan increase in the Government’s capital
modal Pemerintah pada Bank dalam rangka participation in the Bank within the framework
Program Rekapitalisasi yang dijalankan oleh of the Government’s Recapitalization Program
Pemerintah dengan nilai setinggi-tingginya for a maximum amount of Rp2,805,000 so that
sebesar Rp2.805.000, sehingga tambahan the additional Government capital participation
penyertaan Pemerintah keseluruhan menjadi would become Rp14,005,000. The increase in
sebesar Rp14.005.000. Penambahan modal the Government participation was settled
tersebut dilakukan melalui penerbitan obligasi through the issuance to the Bank of the
rekapitalisasi Pemerintah untuk Bank sebesar government’s recapitalization bonds amounting
Rp9.803.500 dan Rp4.201.500 to Rp9,803,500 and Rp4,201,500 on July 25,
masing-masing pada tanggal 25 Juli 2000 dan 2000 and October 31, 2000, respectively.
31 Oktober 2000.
Pada tanggal 28 Februari 2001, Direksi Bank On February 28, 2001, the Bank’s Directors and
dan Menteri Keuangan menandatangani the Ministry of Finance entered into a
Kontrak Manajemen yang berisikan antara Management Contract which includes, among
lain bahwa jumlah kebutuhan rekapitalisasi others, the total final recapitalization
akhir Bank adalah sebesar Rp13.843.540 dan requirement of the Bank of Rp13,843,540 and
kelebihan obligasi rekapitalisasi sebesar the excess recapitalization bonds of Rp161,460
Rp161.460 harus dikembalikan kepada which should be returned to the Government.
Pemerintah. Pada tanggal 5 November 2001, On November 5, 2001, the Bank returned such
kelebihan obligasi rekapitalisasi tersebut excess recapitalization bonds to the
dikembalikan kepada Pemerintah. government.
Sebagai tindak lanjut dari Kontrak Manajemen As a result of the Management Contract, the
tersebut, Menteri Keuangan Republik Ministry of Finance issued Regulation
Indonesia mengeluarkan Peraturan Menteri No. 40/PMK.06/2008 dated February 29, 2008
Keuangan No. 40/PMK.06/2008 tanggal regarding the determination of the final amount
29 Februari 2008 tentang penetapan nilai of the Government’s required capital
akhir kebutuhan rekapitalisasi Bank sebesar contribution to the Bank amounting to
Rp13.843.540 dan pelaksanaan hak-hak Rp13,843,540 and implementation of the
pemerintah yang timbul sebagai akibat Government’s rights as a result of the additional
penambahan penyertaan modal negara contributed capital by the Republic of Indonesia
Republik Indonesia ke dalam modal to the capital of PT Bank Tabungan Negara
PT Bank Tabungan Negara (Persero) dalam (Persero), as a limited liability company, in
rangka program rekapitalisasi bank umum relation to the commercial banks’
dengan mengkonversi menjadi 13.843.540 recapitalization program through conversion of
lembar saham yang diterbitkan oleh Bank additional capital to 13,843,540 shares of stock,
dengan nominal Rp1.000.000 (Rupiah penuh) which were issued by the Bank with a par value
per lembar. Peraturan ini berdaya laku surut of Rp1,000,000 (full Rupiah) per share. This
sejak tanggal 31 Mei 2007. regulation was applied retroactively since
May 31, 2007.
17
Page 653
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penerbitan Surat Berharga Bank c. Issuance of Bank Securities
Bank telah menerbitkan obligasi sebanyak The Bank issued 27 (twenty-seven) series of
27 (dua puluh tujuh) kali penerbitan, 2 (dua) bonds, 2 (two) series of subordinated bond,
kali penerbitan instrumen obligasi subordinasi, 1 (one) series of global, 12 (twelve) series of
1 (satu) kali penerbitan global bond, 12 long term notes, 4 (four) sukuk mudharabah
(dua belas) kali penerbitan surat hutang and 1 (one) NCD from July 25, 1989 to
jangka panjang, 4 (empat) kali penerbitan December 31, 2025, with the details as follows
sukuk mudharabah dan 1 (satu) kali
penerbitan NCD sejak tanggal 25 Juli 1989
sampai dengan tanggal 31 Desember 2025
dengan rincian sebagai berikut:
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Rupiah
Obligasi BTN I/ 50.000 5 tahun/years 25 Juli/ 18,75% tetap/
BTN Bonds I July 25, 1994*) fixed
Obligasi BTN II/ 50.000 5 tahun/years 1 Juni/ 16,25% tetap/
BTN Bonds II June 1,1995*) fixed
Obligasi BTN III/ 50.000 5 tahun/years 11 November/ 20,00% tetap/
BTN Bonds III November 11, 1996*) fixed
Obligasi BTN IV/ 100.000 5 tahun/years 23 Januari/ 17,00% tetap/
BTN Bonds IV January 23, 1996*) fixed
Obligasi BTN V/ 150.000 5 tahun/years 31 Juli/ 15,25% tetap untuk tahun pertama
BTN Bonds V July 31,1998*) dan kedua, mengambang untuk
tahun berikutnya hingga jatuh tempo/
15.25% fixed for first and second
years, in for remaining years
until maturity
Obligasi BTN VI/ 350.000 5 tahun/years 21 Desember/ 17,25% tetap untuk tahun pertama,
BTN Bonds VI December 21, 2000*) mengambang untuk tahun
berikutnya hingga jatuh tempo/
17.25% fixed for first year, floating
for remaining years until maturity
Obligasi BTN VII/ 200.000 5 tahun/years 22 Juli/ 17,125% tetap untuk tahun
BTN Bonds VII July 22, 2001*) pertama, mengambang untuk
tahun berikutnya hingga jatuh tempo/
17.125% fixed for first year, floating
for remaining years until maturity
Obligasi BTN VIII/ 400.000 5 tahun/years 18 Juli/ 14,15% tetap/
BTN Bonds VIII July 18, 2002*) fixed
Obligasi BTN IX/ 750.000 5 tahun/years 2 Oktober/ 12,50% tetap/
BTN Bonds IX October 2, 2008*) fixed
Obligasi BTN X/ 750.000 5 tahun/years 25 Mei/ 12,20% tetap/
BTN Bonds X May 25, 2009*) fixed
Obligasi BTN XI/ 750.000 5 tahun/years 6 Juli/ 12,00% tetap/
BTN Bonds XI July 6, 2010*) fixed
Obligasi BTN XII/ 1.000.000 10 tahun/years 19 September/ 12,75% tetap/
BTN Bonds XII September 19, 2016*) fixed
Obligasi BTN XIII A/ 300.000 3 tahun/years 29 Mei/ 11,75% tetap/
BTN Bonds XIII A May 29, 2012*) fixed
Obligasi BTN XIII B/ 300.000 4 tahun/years 29 Mei/ 12,00% tetap/
BTN Bonds XIII B May 29, 2013*) fixed
Obligasi BTN XIII C/ 900.000 5 tahun/years 29 Mei/ 12,25% tetap/
BTN Bonds XIII C May 29, 2014*) fixed
Obligasi BTN XIV/ 1.650.000 10 tahun/years 11 Juni/ 10,25% tetap/
BTN Bonds XIV June 11, 2020*) fixed
Obligasi BTN XV/ 1.300.000 10 tahun/years 28 Juni/ 9,50% tetap/
BTN Bonds XV June 28, 2021*) fixed
*) Bank telah melakukan pelunasan obligasi yang diterbitkan pada *) The Bank has made the repayment of bonds issued on maturity date.
tanggal jatuh temponya.
18
Page 654
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penerbitan Surat Berharga Bank c. Issuance of Bank Securities
Bank telah menerbitkan obligasi sebanyak 27 The Bank issued 27 (twenty-seven) series of
(dua puluh tujuh) kali penerbitan, 2 (dua) kali bonds, 2 (two) series of subordinated bond,
penerbitan instrumen obligasi subordinasi, 1 1 (one) series of global, 12 (twelve) series of
(satu) kali penerbitan global bond, long term notes, 4 (four) sukuk mudharabah
12 (dua belas) kali penerbitan surat hutang and 1 (one) NCD from July 25, 1989 to
jangka panjang, 4 (empat) kali penerbitan December 31, 2025, with the details as follows:
sukuk mudharabah dan 1 (satu) kali (continued)
penerbitan NCD sejak tanggal 25 Juli 1989
sampai dengan tanggal 31 Desember 2025
dengan rincian sebagai berikut: (lanjutan)
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Rupiah
Obligasi Berkelanjutan I 2.000.000 10 tahun/years 5 Juni/ 7,90% tetap/
Tahap I BTN/ June 5, 2022*) fixed
Continuing Bonds I
Phase I BTN
Obligasi Berkelanjutan I 2.000.000 10 tahun/years 27 Maret/ 7,90% tetap/
Tahap II BTN/ March 27, 2023*) fixed
Continuing Bonds I
Phase II BTN
Obligasi Berkelanjutan II
Tahap I BTN/
Continuing Bonds II
Phase I BTN
Seri A/A Series 900.000 3 tahun/years 8 Juli/ 9,63% tetap/
July 8, 2018*) fixed
Seri B/B Series 500.000 5 tahun/years 8 Juli/ 9,88% tetap/
July 8, 2020*) fixed
Seri C/C Series 800.000 7 tahun/years 8 Juli/ 10,00% tetap/
July 8, 2022*) fixed
Seri D/D Series 800.000 10 tahun/years 8 Juli/ 10,50% tetap/
July 8, 2025 fixed
Obligasi Berkelanjutan II
Tahap II BTN/
Continuing Bonds II
Phase II BTN
Seri A/A Series 1.347.000 3 tahun/years 30 Agustus/ 8,20% tetap/
August 30, 2019*) fixed
Seri B/B Series 1.653.000 5 tahun/years 30 Agustus/ 8,75% tetap/
August 30, 2021*) fixed
Obligasi Berkelanjutan III
Tahap I BTN/
Continuing Bonds III
Phase I BTN
Seri A/A Series 1.466.000 3 tahun/years 13 Juli/ 8,30% tetap/
July 13, 2020*) fixed
Seri B/B Series 1.295.000 5 tahun/years 13 Juli/ 8,50% tetap
July 13, 2022*) fixed
Seri C/C Series 853.000 7 tahun/years 13 Juli/ 8,70% tetap/
July 13, 2024*) fixed
Seri D/D Series 1.386.000 10 tahun/years 13 Juli/ 8,90% tetap/
July 13, 2027 fixed
Obligasi Berkelanjutan III
Tahap II BTN/
Continuing Bonds III
Phase II BTN
Seri A/A Series 1.756.500 1 tahun/year 8 Juli/ 7,75% tetap/
July 8, 2020*) fixed
Seri B/B Series 1.168.000 3 tahun/years 28 Juni/ 8,75% tetap
June 28, 2022*) fixed
Seri C/C Series 1.219.500 5 tahun/years 28 Juni/ 9,00% tetap/
June 28, 2024*)
Obligasi Berkelanjutan I
Tahap I BTN/
Continuing Bonds I
Phase I BTN
Seri A/A Series 300.000 3 tahun/year 12 Desember/ 5,30% tetap/
December 12, 2028 fixed
*) Bank telah melakukan pelunasan obligasi yang diterbitkan pada tanggal jatuh temponya. *) The Bank has made the repayment of bonds issued on maturity date.
**) Bank telah melakukan opsi beli kembali pada 25 Mei 2009 **) The Bank has exercised the call options on May 25, 2009
19
Page 655
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penerbitan Surat Berharga Bank (lanjutan) c. Issuance of Bank Securities (continued)
Bank telah menerbitkan obligasi sebanyak The Bank issued 27 (twenty-seven) series of
27 (dua puluh tujuh) kali penerbitan, 2 (dua) bonds, 2 (two) series of subordinated bond,
kali penerbitan instrumen obligasi subordinasi, 1 (one) series of global, 12 (twelve) series of
1 (satu) kali penerbitan global bond, 12 (dua long term notes, 4 (four) sukuk mudharabah
belas) kali penerbitan surat hutang jangka and 1 (one) NCD from July 25, 1989 to
panjang, 4 (empat) kali penerbitan sukuk December 31, 2025, with the details as follows:
mudharabah dan 1 (satu) kali penerbitan NCD (continued)
sejak tanggal 25 Juli 1989 sampai dengan
tanggal 31 Desember 2025 dengan rincian
sebagai berikut: (lanjutan)
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Rupiah
Obligasi Subordinasi BTN I/ 250.000 10 tahun/years 25 Mei/ 12,60% tetap untuk tahun pertama
Subordinated Bonds BTN I May 25, 2014**) sampai tahun kelima, 22,60% tetap untuk
tahun keenam sampai tahun kesepuluh
jika Bank tidak melakukan opsi beli pada
tahun kelima sejak tanggal penerbitan/
12.60% fixed for first year until fifth
year, 22.60% fixed for sixth year until
tenth year if the Bank does not exercise
its option to buyback on the fifth year since
the issuance date
Obligasi Berkelanjutan IV
Tahap I BTN/
Continuing Bonds IV
Phase I BTN
Seri A/A Series 577.000 1 tahun/year 29 Agustus/ 6,75% tetap/
August 29, 2021*) fixed
Seri B/B Series 727.000 3 tahun/years 19 Agustus/ 7,80% tetap
August 19, 2023*) fixed
Seri C/C Series 196.000 5 tahun/years 19 Agustus/ 8,40% tetap/
August 19, 2025*) fixed
Obligasi Berkelanjutan IV
Tahap II BTN/
Continuing Bonds IV
Phase II BTN
Seri A/A Series 600.000 3 tahun/year 24 Mei/ 5,50% tetap/
May 24, 2025 fixed
Seri B/B Series 400.000 5 tahun/years 24 Mei/ 6,00% tetap/
May 24, 2027 fixed
Obligasi Sosial Berkelanjutan I 300.000 3 tahun/years 12 Desember/ 5,30% tetap/
Tahap II BTN/ December 12, 2028 fixed
Social Continuing Bonds I
Phase I BTN
Obligasi Subordinasi Berkelanjutan I 2.000.000 5 tahun/years 12 Desember/ 6,65% tetap/
Tahap I BTN/ December 12, 2030 fixed
Subordinated Continuing Bonds I
Phase I BTN
Surat Hutang Jangka Panjang BTN 10.186 16 tahun/years 17 Juni/ 1,37% tetap/
Tahap I 2021/ June 17, 2037 fixed
Long Term Notes BTN
Phase 1 2021
Surat Hutang Jangka Panjang BTN 47.740 14 tahun/years 12 Oktober/ 1,37% tetap/
Seri A 2022/ October 12, 2036 fixed
Long Term Notes BTN
Series A 2022
Surat Hutang Jangka Panjang BTN 79.379 15 tahun/years 12 April/ 0,55% tetap/
Seri B 2022/ April 12, 2037 fixed
Long Term Notes BTN
Series B 2022
Surat Hutang Jangka Panjang BTN 210.866 15 tahun/years 14 Juni/ 0,55% tetap/
Tahap I 2022. June 14, 2037 fixed
Long Term Notes BTN
Phase I 2022
Surat Hutang Jangka Panjang BTN 131.185 14 tahun/years 28 Maret/ 0,55% tetap/
Tahap II 2022/ March 28, 2037 fixed
Long Term Notes BTN
Phase II 2022
Surat Hutang Jangka Panjang BTN 35.898 14 tahun/years 28 April/ 0,55% tetap/
Tahap I 2023/ April 28, 2037 fixed
Long Term Notes BTN
Phase I 2023
*) Bank telah melakukan pelunasan obligasi yang diterbitkan *) The Bank has made the repayment of bonds issued on maturity date.
pada tanggal jatuh temponya.
**) Bank telah melakukan opsi beli kembali pada 25 Mei 2009 **) The Bank has exercised the call options on May 25, 2009
20
Page 656
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penerbitan Surat Berharga Bank (lanjutan) c. Issuance of Bank Securities (continued)
Bank telah menerbitkan obligasi sebanyak The Bank issued 27 (twenty-seven) series of
27 (dua puluh tujuh) kali penerbitan, 2 (dua) bonds, 2 (two)) series of subordinated bond,
kali penerbitan instrumen obligasi subordinasi, 1 (one) series of global, 12 (twelve) series of
1 (satu) kali penerbitan global bond, 12 (dua long term notes, 4 (four) sukuk mudharabah
belas) kali penerbitan surat hutang jangka and 1 (one) NCD from July 25, 1989 to
panjang, 4 (empat) kali penerbitan sukuk December 31, 2025, with the details as follows:
mudharabah dan 1 (satu) kali penerbitan NCD (continued)
sejak tanggal 25 Juli 1989 sampai dengan
tanggal 31 Desember 2025 dengan rincian
sebagai berikut: (lanjutan)
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Rupiah
Surat Hutang Jangka Panjang BTN 404.745 14 tahun/years 15 September/ 1,37% tetap/
Tahap II 2023/ September 15, 2037 fixed
Long Term Notes BTN
Phase II 2023
Surat Hutang Jangka Panjang BTN 6.242 15 tahun/years 27 December/ 0,55% tetap/
Seri A 2023/ December 27, 2038 fixed
Long Term Notes BTN Series A 2023
Surat Hutang Jangka Panjang BTN 234.542 14 tahun/years 27 December/ 1,37% tetap/
Seri B 2023/ December 27, 2037 fixed
Long Term Notes BTN
Series B 2023
Surat Hutang Jangka Panjang BTN 203.351 14 tahun/years 7 Agustus/ 1,37% tetap/
Tahun 2024/ August 7, 2038 fixed
Long Term Notes BTN 2024
Surat Hutang Jangka Panjang BTN 312.678 14 tahun/years 27 Desember/ 1,37% tetap/
Tahap V 2024/ December 27, 2038 fixed
Long Term Notes BTN
Phase V 2024
Surat Hutang Jangka Panjang BTN 147.909 14 tahun/years 23 Desember/ 1,37% tetap/
Tahap VI 2024/ December 23, 2038 fixed
Long Term Notes BTN
Phase VI 2024
Sukuk BTN I Tahun 2023 92.553 15,5 tahun/years 28 Oktober/ 11,00%***
Tahap I/ October 28, 2036
Sukuk BTN Phase I 2023
Sukuk BTN I Tahun 2023 175.039 13 tahun/years 27 Desember/ 27,40%****
Tahap II/ December 27, 2036
Sukuk BTN Phase II 2023
Sukuk BTN I Tahun 2024 80.956 13 tahun/years 27 Desember/ 27,40%****
Tahap III/ December 27, 2037
Sukuk BTN Phase III 2024
Sukuk BTN I Tahun 2024 52.444 13 tahun/years 23 September/ 27,40%****
Tahap IV/ September 23, 2038
Sukuk BTN Phase IV 2024
Dolar Amerika Serikat/United States Dollar
BBTN September or Global Bond 2020/ 300.000.000 5 tahun/years 23 Januari/ 4,20% tetap/
BBTN September or Global Bond 2020 January 23, 2025*) fixed
***) 11% dari pendapatan yang dibagi hasilkan dengan indikasi bagi ***) 11% of the income generated with the indication of profit sharing of
hasil sebesar 0,55% per tahun. 0.55% per year
****) 27,40% dari pendapatan yang dibagi hasilkan dengan indikasi ****) 27.40% of the income generated with the indication of profit sharing
bagi hasil sebesar 1,37% per tahun. of 1.37% per year
21
Page 657
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Penawaran Umum Saham Perdana (IPO) d. Initial Public Offering (IPO)
Bank telah memperoleh izin untuk melakukan The Bank obtained a permit to undertake a
Penawaran Umum sesuai dengan Public Offering based on the approval of the
persetujuan Dewan Perwakilan Rakyat House of Representatives of the Republic
Republik Indonesia yang tertuang dalam of Indonesia in its Chairman Letter
Surat Ketua Dewan Perwakilan Rakyat No. PW.01/3104/DPRRI/V/2009 dated
Republik Indonesia No.PW.01/3104/ May 29, 2009 and was enacted by the
DPRRI/V/2009 tanggal 29 Mei 2009, serta Government as stipulated by the Republic of
penetapan dari Pemerintah sebagaimana Indonesia Government Regulation No. 66 of
tertuang dalam Peraturan Pemerintah 2009 and circulated in State Gazette No. 167
Republik Indonesia No. 66 tahun 2009 dan dated November 16, 2009 regarding the
diundangkan dalam Lembaran Negara amendment of the stock ownership structure of
No.167 tanggal 16 November 2009 tentang the State through Initial Public Offering of the
Perubahan Struktur Kepemilikan Saham shares of PT Bank Tabungan Negara
Negara Melalui Penerbitan dan Penjualan (Persero).
Saham Baru Pada PT Bank Tabungan
Negara (Persero).
Berdasarkan Surat Badan Pengawas Pasar Based on Letter No. S-10523/BL/2009 of the
Modal dan Lembaga Keuangan Capital Market and Financial Institutions
(BAPEPAM-LK) No. S-10523/BL/2009 Supervisory Agency (BAPEPAM-LK) dated
tanggal 8 Desember 2009, pernyataan December 8, 2009, the Registration Statement
pendaftaran yang diajukan Bank dalam submitted by the Bank relating to the IPO of
rangka IPO sejumlah 6.353.999.999 lembar 6,353,999,999 ordinary shares Series B of the
Saham Biasa Atas Nama Seri B milik Negara Republic of Indonesia and 2,360,057,000 new
Republik Indonesia dan 2.360.057.000 ordinary shares Series B, at par value of
lembar Saham Biasa Atas Nama Seri B baru, Rp500 (full Rupiah) per share to the public,
dengan nilai nominal sebesar Rp500 (Rupiah became effective on December 8, 2009. The
penuh) setiap saham kepada masyarakat shares which were offered to the public, were
telah menjadi efektif pada tanggal listed and traded on the Indonesia Stock
8 Desember 2009. Saham yang ditawarkan Exchange on December 17, 2009, with the
tersebut dicatatkan dan mulai selling price of Rp800 (full Rupiah) per share.
diperdagangkan di Bursa Efek Indonesia pada
tanggal 17 Desember 2009 dengan harga jual
Rp800 (Rupiah penuh) per saham.
Berkaitan dengan penawaran umum saham In relation to the Initial Public Offering of the
perdana, Bank telah mengimplementasikan shares, the Bank implemented the
program kepemilikan saham oleh Manajemen Management and Employee Stock Allocation
dan Karyawan (Management and Employee (MESA) program. MESA program is allocated
Stock Allocation/MESA). Program MESA with a maximum of 9.62% of the newly issued
diberikan maksimal 9,62% dari saham baru shares for registered employees as of
yang diterbitkan kepada karyawan yang December 31, 2009. The MESA Program
tercatat pada tanggal 31 Desember 2009. became effective on September 17, 2009 and
Program MESA tersebut telah efektif pada all qualified employees availed of the program
tanggal 17 September 2009 dan seluruh consisting of 226,928,500 Series B shares (with
karyawan yang memiliki kualifikasi telah par value of Rp500 per share) with a purchase
mengambil program tersebut dengan jumlah price of Rp640 per share (after share price
lembar saham biasa atas nama Seri B discount of 20% from the initial public offering
sebanyak 226.928.500 lembar (nilai nominal price of Rp800 per share) and a lock up period
Rp500 per lembar saham) dengan harga beli until six months.
Rp640 per lembar saham (setelah diskon 20%
dari harga penawaran perdana sebesar
Rp800 per lembar saham) dengan masa lock
up selama enam bulan.
22
Page 658
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Penawaran Umum Saham Perdana (IPO) d. Initial Public Offering (IPO) (continued)
(lanjutan)
Diskon harga saham untuk program MESA In relation to the Initial Public Offering of the
menjadi beban Bank di tahun 2009, yaitu share price discount for MESA program was
sebesar 20% atau Rp41.353, yang termasuk recognized as the Bank’s expense in 2009,
beban pajak penghasilan. amounting to 20% or Rp41,353 including the
income tax expense.
Sesuai dengan RUPS Luar Biasa tanggal 12 In accordance with the Extraordinary GMS on
Oktober 2009, pemegang saham menyetujui October 12, 2009, shareholders approved the
penerbitan saham opsi sebanyak issuance of 363,085,500 share options which
363.085.500 lembar saham yang akan will be implemented in 3 (three) stages. Stock
dilaksanakan dalam 3 (tiga) tahap. Opsi opstions are granted to management and
saham diberikan kepada manajemen dan employees in certain position and titles who
karyawan pada posisi dan jabatan tertentu meet the specified requirements (Management
yang memenuhi persayaratan yang telah & Employees Stock Option Plan or “MESOP”).
ditetapkan (Management & Employee Stock
Option Plan atau ”MESOP”).
e. Program Opsi Kepemilikan Saham untuk e. Management & Employee Stock Option Plan
Manajemen dan Karyawan (MESOP)
Manajemen dan karyawan Bank telah The Bank's management and employees have
melakukan eksekusi atas opsi saham yang executed share options starting in 2011 with
dimulai tahun 2011 dengan rincian untuk details for MESOP I with the end of the option
MESOP I dengan akhir hak opsi pada tahun rights in 2014 amounting to 145,234,500,
2014 sebanyak 145.234.500, MESOP II MESOP II with the end of the option rights in
dengan akhir hak opsi pada tahun 2015 2015 amounting to 108,925,500 shares, and
sebanyak 108.925.500 lembar saham, dan MESOP III with the end of the option rights in
MESOP III dengan akhir hak opsi pada tahun 2016 amounting to 108,925,500 shares. The
2016 sebanyak 108.925.500 lembar saham. agio from the execution in 2011 was Rp94,733,
Agio yang timbul dari eksekusi tersebut untuk in 2012 it was Rp6,349, in 2013 it was
tahun 2011 adalah sebesar Rp94.733, tahun Rp232,261, in 2014 it was Rp2,372, in 2015 it
2012 adalah sebesar Rp6.349, tahun 2013 was Rp18,462, in 2016 it was amounting to
adalah sebesar Rp232.261, tahun 2014 Rp7,856.
adalah sebesar Rp2.372, tahun 2015 adalah
sebesar Rp18.462, tahun 2016 adalah
sebesar Rp7.856.
23
Page 659
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
f. Penawaran Umum Saham Terbatas I f. Limited Public Offering I
Untuk memperkuat struktur permodalan, To Strengthen the capital structure, through the
melalui persetujuan Rapat Umum Pemegang approval of the Extraordinary General Meeting
Saham Luar Biasa tanggal 7 November 2012 of Shareholders on November 7, 2012 and on
dan Surat Badan Pengawas Pasar Modal dan Letter No. S-13001/BL/2012 of the Capital
Lembaga Keuangan (BAPEPAM-LK) No. S- Market and Financial Institutions Supervisory
13001/BL/2012 tanggal 6 November 2012, Agency (BAPEPAM-LK) dated
Bank melakukan Penawaran Umum Terbatas November 6, 2012, the Bank undertook a
I (“PUT I”) dalam rangka penerbitan Hak Limited Public Offering I (“LPO I”) through the
Memesan Efek Terlebih Dahulu (HMETD) issuance of pre-emptive rights of 1,512,857,500
sebanyak 1.512.857.500 saham Seri B Class B shares with a par value per share of
dengan nilai nominal sebesar Rp500 (nilai Rp500 (full amount). Each holder of 555,000
penuh) setiap saham. Setiap pemegang share was entitled to buy 94,943 new shares for
555.000 saham lama berhak membeli 94.943 Rp1,235.00 (full amount) per share. As a result
saham baru dengan harga Rp1.235,00 (nilai of LPO I, the Bank increased its capital by
penuh) setiap saham. Dari PUT I ini, Bank 1,512,857,500 Class B shares issued to the
meningkatkan modal sahamnya sebanyak public on December 4, 2012 and the LPO I
1.512.857.500 lembar saham Seri B yang listed in the Indonesia Stock Exchanges.
diterbitkan kepada masyarakat umum pada
tanggal 4 Desember 2012 dan terdaftar di
Bursa Efek Indonesia.
g. Penawaran Umum Saham Terbatas II g. Limited Public Offering II
Untuk memperkuat struktur permodalan, To Strengthen the capital structure, through the
melalui persetujuan Rapat Umum Pemegang approval of the Extraordinary General Meeting
Saham Luar Biasa tanggal 18 Oktober 2022 of Shareholders on October 18, 2022 and Letter
dan surat OJK No. S-264/D.04/2022 tanggal from OJK No. S-264/D.04/2022 dated
14 Desember 2022 perihal Pemberitahuan December 14, 2022 about Notification of
Efektifnya Pernyataan Pendaftaran, Bank Effectiveness of Registration Statement, the
melakukan Penawaran Umum Terbatas II Bank undertook a Limited Public Offering II
(“PUT II”) dalam rangka penerbitan Hak (“LPO II”) through the issuance of pre-emptive
Memesan Efek Terlebih Dahulu (HMETD) rights of 3,444,444,413 Class B shares with a
sebanyak 3.444.444.413 saham Seri B par value per share of Rp500 (full amount).
dengan nilai nominal sebesar Rp500 (nilai Each holder of 100,000,000 share was entitled
penuh) setiap saham. Setiap pemegang to buy 32,525,443 new shares for Rp1,200.00
100.000.000 saham lama berhak membeli (full amount) per share. As a result of LPO II,
32.525.443 saham baru dengan harga the Bank increased its capital by 3,444,444,413
Rp1.200,00 (nilai penuh) setiap saham. Dari Class B shares issued to the public on
PUT II ini, Bank meningkatkan modal January 10, 2023 and the LPO II listed in the
sahamnya sebanyak 3.444.444.413 lembar Indonesia Stock Exchanges.
saham Seri B yang diterbitkan kepada
masyarakat umum pada tanggal 10 Januari
2023 dan terdaftar di Bursa Efek Indonesia.
24
Page 660
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan h. Boards of Commissioners, Directors, Sharia
Pengawas Syariah, Komite Audit dan Supervisory Board, Audit Committee and
Karyawan Employees
Berdasarkan Rapat Umum Pemegang Saham Based on the Bank’s General Stockholders’
Tahunan (RUPST) Bank tanggal 26 Maret Meeting held on March 26, 2025, as stated
2025, dengan Akta Risalah RUPST No. 44 under the notarial No. 44 dated
tanggal 26 Maret 2025 yang dibuat oleh March 26, 2025, by notary Ashoya Ratam,
Notaris Ashoya Ratam, S.H., M.Kn., susunan S.H., M.Kn., the composition of the Bank’s
Dewan Komisaris Bank adalah sebagai Board of Commissioners are as follows:
berikut:
31 Desember 2025 December 31, 2025
Komisaris Utama Suryo Utomo* President Commissioner
Wakil Komisaris Utama Dwi Ary Purnomo* Vice President Commissioner
Komisaris Independen Panangian Simanungkalit ** Independent Commissioner
Komisaris Independen Pietra Machreza Paloh ** Independent Commissioner
Komisaris Independen Ida Nuryanti *** Independent Commissioner
Komisaris Fahri Hamzah **** Commissioner
* Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan * Appointed as a member of the Board of Commissioners of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tabungan Negara (Persero) Tbk based on the resolution of the
Tahunan Perseroan tanggal 26 Maret 2025 dan telah efektif Company’s Annual General Meeting of Shareholders dated March
menjabat sejak memperoleh persetujuan OJK pada tanggal 26 Juni 26, 2025, and has effectively served since obtaining approval from
2025 berdasarkan Surat OJK No. SR-210/PB.02/2025 tanggal 26 the Financial Services Authority (OJK) on June 26, 2025, based on
Juni 2025. OJK Letter No. SR-210/PB.02/2025 dated June 26, 2025
** Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan ** Appointed as a member of the Board of Commissioners of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tabungan Negara (Persero) Tbk based on the resolution of the
Tahunan Perseroan tanggal 26 Maret 2025 dan telah efektif Company’s Annual General Meeting of Shareholders dated March
menjabat sejak memperoleh persetujuan OJK pada tanggal 15 26, 2025, and has effectively served since obtaining approval from
Agustus 2025 berdasarkan Surat OJK No. SR-323/PB.02/2025 the Financial Services Authority (OJK) on August 15, 2025, based on
tanggal 15 Agustus 2025. OJK Letter No. SR-323/PB.02/2025 dated August 15, 2025
*** Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan *** Appointed as a member of the Board of Commissioners of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tabungan Negara (Persero) Tbk based on the resolution of the
Tahunan Perseroan tanggal 26 Maret 2025 dan telah efektif Company’s Annual General Meeting of Shareholders dated March
menjabat sejak memperoleh persetujuan OJK pada tanggal 9 26, 2025, and has effectively served since obtaining approval from
Oktober 2025 berdasarkan Surat OJK No. SR-420/PB.02/2025 the Financial Services Authority (OJK) on October 9, 2025, based on
tanggal 9 Oktober 2025. OJK Letter No. SR-420/PB.02/2025 dated October 9, 2025
****Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan ****Appointed as a member of Board of Commissioners of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tabungan Negara (Persero) Tbk based on the Annual General
Tahunan Perseroan tanggal 26 Maret 2025 dan dan telah efektif Meeting of Shareholders dated March 26, 2025 and has effectively
menjabat sejak memperoleh persetujuan OJK pada tanggal 17 served since obtaining approval from the Financial Services Authority
Desember 2025 berdasarkan Surat OJK No. SR-529/PB.02/2025 (OJK) on December 17, 2025, based on OJK Letter No. SR-
tanggal 18 Desember 2025. 529/PB.02/2025 dated December 18, 2025.
Berdasarkan Rapat Umum Pemegang Based on the Bank The Annual General
Saham Tahunan (RUPST) Bank tanggal Meeting of Shareholders (AGMS) held on
6 Maret 2024, dengan Akta Risalah RUPST March 6, 2024, as stated under the Deed of
No. 06 tanggal 6 Maret 2024 yang dibuat AGMS Minutes No. 06 on March 6, 2024, by
oleh Notaris Ashoya Ratam, S.H., M.Kn., Notary Ashoya Ratam, S.H., M.Kn., the
susunan Dewan Komisaris Bank adalah composition of the Bank’s Board of
sebagai berikut: Commissioners are as follows:
31 Desember 2024 December 31, 2024
Komisaris Utama/Independen Chandra M. Hamzah President/Independent Commissioner
Wakil Komisaris Utama/Independen Iqbal Latanro Vice President/Independent Commissioner
Komisaris Andin Hadiyanto Commissioner
Komisaris Herry Trisaputra Zuna Commissioner
Komisaris Himawan Arief Sugoto Commissioner
Komisaris Independen Armand Bachtiar Arief Independent Commissioner
Komisaris Independen Sentot A. Sentausa Independent Commissioner
Komisaris Independen Bambang Widjanarko* Independent Commissioner
Komisaris Independen Adi Sulistyowati* Independent Commissioner
* Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan * Appointed as a member of Board of Commissioners of PT Bank Tabungan
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan Negara (Persero) Tbk based on the Annual General Meeting of
Perseroan tanggal 6 Maret 2024 dan telah efektif menjabat sejak Shareholders dated March 6, 2024 has effectively served since receiving
memperoleh persetujuan OJK pada tanggal 7 Oktober 2024 OJK approval on October 7, 2024 based on OJK Letter No. SR-
berdasarkan Surat OJK No. SR-438/PB.02/2024 tanggal 7 Oktober 438/PB.02/2024 dated October 7, 2024.
2024.
25
Page 661
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan h. Boards of Commissioners, Directors, Sharia
Pengawas Syariah, Komite Audit dan Supervisory Board, Audit Committee and
Karyawan (lanjutan) Employees (continued
Berdasarkan Rapat Umum Pemegang Saham Based on the Bank The Annual General
Tahunan (RUPST) Bank tanggal 26 Maret 2025, Meeting of Stockholders (AGMS) held on
dengan Akta Risalah RUPST No. 44 tanggal March 26, 2025, as stated under the Deed of
26 Maret 2025 yang dibuat oleh Notaris Ashoya AGMS Minutes No. 44 on March 26, 2025, by
Ratam, S.H., M.Kn., susunan Direksi Bank Notary Ashoya Ratam, S.H., M.Kn., the
adalah sebagai berikut: composition of the Bank’s Board of Director
are as follows:
31 Desember 2025 December 31, 2025
Direktur Utama Nixon L.P. Napitupulu President Director
Wakil Direktur Utama Oni Febriarto Rahardjo Vice President Director
Direktur Risk Management Setiyo Wibowo Director of Risk Management
Direktur Consumer Banking Hirwandi Gafar Director of Consumer Banking
Direktur Finance & Strategy Nofry Rony Poetra Director of Finance & Strategy
Direktur Human Capital & Compliance Eko Waluyo Director of Human Capital & Compliance
Direktur Network & Retail Funding Rully Setiawan* Director of Network & Retail Funding
Direktur Operations I Nyoman Sugiri Yasa* Director of Operations
Direktur Commercial Banking Hermita* Director of Commercial Banking
Direktur Information Technology Tan Jacky Chen** Director of Information Technology
Direktur Treasury & International Banking Venda Yuniarti** Director of Treasury & International Banking
Direktur Corporate Banking Helmy Afrisa Nugroho*** Director of Corporate Banking
* Diangkat sebagai anggota Dewan Direksi PT Bank Tabungan * Appointed as a member of the Board of Directors of PT Bank Tabungan
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Negara (Persero) Tbk based on the resolution of the Company’s
Tahunan Perseroan tanggal 26 Maret 2025 dan telah efektif Annual General Meeting of Shareholders dated March 26, 2025, and
menjabat sejak memperoleh persetujuan OJK pada tanggal 25 Juli has effectively served since obtaining approval from the Financial
2025 berdasarkan Surat OJK No. SR-279/PB.02/2025 tanggal 25 Services Authority (OJK) on July 25, 2025, based on OJK Letter No.
Juli 2025. SR-279/PB.02/2025 dated July 25, 2025.
** Diangkat sebagai anggota Dewan Direksi PT Bank Tabungan ** Appointed as a member of the Board of Directors of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tabungan Negara (Persero) Tbk based on the resolution of the
Tahunan Perseroan tanggal 26 Maret 2025 dan telah efektif Company’s Annual General Meeting of Shareholders dated March 26,
menjabat sejak memperoleh persetujuan OJK pada tanggal 1 2025, and has effectively served since obtaining approval from the
September 2025 berdasarkan Surat OJK No. SR-357/PB.02/2025 Financial Services Authority (OJK) on September 1, 2025, based on
tanggal 1 September 2025. OJK Letter No. SR-357/PB.02/2025 dated September 1, 2025.
*** Diangkat sebagai anggota Dewan Direksi PT Bank Tabungan *** Appointed as a member of Board of Directors of PT Bank Tabungan
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Negara (Persero) Tbk based on the Annual General Meeting of
Tahunan Perseroan tanggal 26 Maret 2025 dan efektif menjabat Shareholders dated March 26, 2025 and will be effective upon
setelah memperoleh persetujuan OJK atas Penilaian Kemampuan approval from the Financial Services Authority (OJK) on Fit and Proper
dan Kepatutan. Test.
26
Page 662
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan h. Boards of Commissioners, Directors, Sharia
Pengawas Syariah, Komite Audit dan Supervisory Board, Audit Committee and
Karyawan (lanjutan) Employees (continued)
Berdasarkan Rapat Umum Pemegang Saham Based on the Bank The Annual General
Tahunan (RUPST) Bank tanggal 6 Maret 2024, Meeting of Shareholders (AGMS) held on
dengan Akta Risalah RUPST No. 6 tanggal 6 March 6, 2024, as stated under the Deed of
Maret 2024 yang dibuat oleh Notaris Ashoya AGMS Minutes No. 6 on March 6, 2024, by
Ratam, S.H., M.Kn., susunan Dewan Komisaris Notary Ashoya Ratam, S.H., M.Kn., the
Bank adalah sebagai berikut: composition of the Bank’s Board of
Commissioners are as follows:
31 Desember 2024 December 31, 2024
Direktur Utama Nixon L.P. Napitupulu President Director
Wakil Direktur Utama Oni Febriarto Rahardjo Vice President Director
Direktur Finance Nofry Rony Poetra Director of Finance
Direktur Assets Management Elisabeth Novie Riswanti Director of Assets Management
Direktur Human Capital, Compliance and Legal Eko Waluyo Director of Human Capital, Compliance and Legal
Direktur Risk Management Setiyo Wibowo Director of Risk Management
Direktur Distribution and Institutional Funding Jasmin Director of Distribution and Institutional Funding
Direktur Information Technology Andi Nirwoto Director of Information Technology
Direktur Consumer Hirwandi Gafar Director of Consumer
Direktur Operations and Customer Experience Hakim Putratama Director of Operations and Customer Experience
Direktur SME and Retail Funding Muhammad Iqbal * Director of SME and Retail Funding
* Diangkat sebagai anggota Dieksi PT Bank Tabungan Negara (Persero) * Appointed as a member of Board of Directors of PT Bank Tabungan
Tbk berdasarkan hasil keputusan RUPS Tahunan Perseroan tanggal Negara (Persero) Tbk based on the Annual General Meeting of
6 Maret 2024 dan telah efektif menjabat sejak memperoleh persetujuan Shareholders dated March 6, 2024 and has effectively served since
OJK pada tanggal 8 Agustus 2024 berdasarkan Surat OJK receiving OJK approval on August 8, 2024 based on OJK Letter
No. SR-333/PB.02/2024 tanggal 8 Agustus 2024. No. SR-333/PB.02/2024 dated August 8, 2024.
Gaji dan kompensasi lainnya yang dibayarkan Salaries and other compensation benefits paid
kepada dewan komisaris adalah sebesar to the Board of Commissioners of the Bank
Rp26.284 dan Rp76.260 masing-masing amounted to Rp26,284 and Rp76,260, for the
untuk tahun yang berakhir pada tanggal year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024 (Catatan 46b). respectively (Note 46b). Salaries and other
Gaji dan kompensasi lainnya yang dibayarkan compensation benefits paid to the Board of
kepada direksi adalah sebesar Rp84.434 dan Directors of the Bank amounted to Rp84,434
Rp199.832 masing-masing untuk tahun yang and Rp199,832, for the year ended December
berakhir pada tanggal 31 Desember 2025 dan 31, 2025 and 2024, respectively (Note 46b).
2024 (Catatan 46b).
Sekretaris Perusahaan dan Kepala Divisi The Bank’s Corporate Secretary and the Head
Audit Internal Bank adalah sebagai berikut: of Internal Audit Division are as follows:
31 Desember 2025 December 31, 2025
Sekretaris Perusahaan Ramon Armando Corporate Secretary
Kepala Divisi Audit Internal Hendratno Tri Wibowo Head of Internal Audit Division
27
Page 663
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan h. Boards of Commissioners, Directors, Sharia
Pengawas Syariah, Komite Audit dan Supervisory Board, Audit Committee and
Karyawan (lanjutan) Employees (continued)
Sekretaris Perusahaan dan Kepala Divisi The Bank’s Corporate Secretary and the Head
Audit Internal Bank adalah sebagai berikut: of Internal Audit Division are as follows:
(lanjutan) (continued)
31 Desember 2024 December 31, 2024
Sekretaris Perusahaan Ramon Armando Corporate Secretary
Kepala Divisi Audit Internal Hendratno Tri Wibowo Head of Internal Audit Division
Masa jabatan seluruh Dewan Pengawas Syariah The term of office of the entire Sharia
Bank berakhir setelah efektifnya Pemisahan Unit Supervisory Board of the Bank will end after
Usaha Syariah Perseroan pada the effective date of the Separation of the
22 Desember 2025 berdasarkan Rapat Umum Company's Sharia Business Unit on
Pemegang Saham Luar Biasa (RUPSLB) Bank December 22, 2025, based on the Bank's
tanggal 18 November 2025, dengan Akta Risalah Extraordinary General Meeting of
RUPSLB No. 15 tanggal 18 November 2025 yang Shareholders (EGMS) on November 18,
dibuat oleh Notaris Ashoya Ratam, S.H., M.Kn. 2025, with the Minutes of the EGMS No. 15
dated November 18, 2025, drawn up by
Notary Ashoya Ratam, S.H., M.Kn
Susunan Dewan Pengawas Syariah Bank, Rapat The composition of the Bank’s Sharia
Umum Pemegang Saham Tahunan (RUPST) Supervisory Board based on the Bank’s The
Bank tanggal 6 Maret 2024, dengan Akta Risalah Annual General Meeting of Shareholders held
RUPST No. 06 tanggal 6 Maret 2024 yang dibuat on March 6, 2024, as stated under Deed of
oleh Notaris Ashoya Ratam, S.H., M.Kn., adalah AGMS Minutes No. 06 on March 6, 2024, by
sebagai berikut: Notary Ashoya Ratam, S.H., M.Kn., are as
follows:
31 Desember 2024 December 31, 2024
Ketua M. Quraish Shihab Chairman
Anggota Mohammad Bagus Teguh Perwira Member
Anggota Muhammad Faiz* Member
* Diangkat sebagai anggota Dewan Pengawas Syariah PT Bank * Appointed as a member of the Sharia Supervisory Board of PT Bank
Tabungan Negara (Persero) Tbk berdasarkan hasil keputusan Tabungan Negara (Persero) Tbk based on the results of the
RUPS Tahunan Perseroan tanggal 16 Maret 2023, telah Company's Annual GMS decision on March 16, 2023, having
memperoleh persetujuan OJK pada tanggal 18 Oktober 2023 obtained OJK approval on October 18, 2023, based on OJK Letter
berdasarkan Surat OJK No. S-267/PB.02/2023 tanggal 18 No. S-267/PB.02/2023 dated October 18, 2023, and effective since
Oktober 2023 dan efektif sejak persetujuan Dewan Komisaris the approval of the Board of Commissioners on November 29, 2023,
tanggal 29 November 2023 berdasarkan Surat Dewan based on the Letter of the Board of Commissioners of PT Bank
Komisaris PT Bank Tabungan Negara (Persero) Tbk No. Tabungan Negara (Persero) Tbk No. 144/KOM/BTN/XI/2023 dated
144/KOM/BTN/XI/2023 tanggal 29 November 2023. November 29, 2023.
28
Page 664
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan Pengawas h. Boards of Commissioners, Directors,
Syariah, Komite Audit dan Karyawan Sharia Supervisory Board, Audit
(lanjutan) Committee and Employees (continued)
Susunan Anggota Komite Audit Bank The composition of the Bank’s Audit
berdasarkan Surat Dewan Komisaris Committee, based on the Bank’s
No.140/KOM/BTN/IX/2025 tanggal 26 Board of Commissioners’ Decision
September 2025 adalah sebagai berikut: No. 140/KOM/BTN/IX/2025 dated September
26, 2025 are as follows:
31 Desember 2025 December 31, 2025
Ketua merangkap anggota Pietra Machreza Paloh* Chairman concurrently as a Member
Anggota Ida Nuryanti*** Member
Anggota Panangian Simanungkalit* Member
Anggota Endang A.Suprijatna Member
Anggota Indra Jaka Aprilyanta** Member
* Diangkat sebagai anggota Dewan Komisaris PT Bank * Appointed as a member of the Board of Commissioners of PT Bank
Tabungan Negara (Persero) Tbk berdasarkan hasil keputusan Tabungan Negara (Persero) Tbk based on the resolution of the
RUPS Tahunan Perseroan tanggal 26 Maret 2025 dan telah Company’s Annual General Meeting of Shareholders dated March 26,
efektif menjabat sejak memperoleh persetujuan OJK pada 2025, and has effectively served since obtaining approval from the
tanggal 15 Agustus 2025 berdasarkan Surat OJK No. SR- Financial Services Authority (OJK) on August 15, 2025, based on OJK
323/PB.02/2025 tanggal 15 Agustus 2025. Letter No. SR-323/PB.02/2025 dated August 15, 2025.
** Diangkat sebagai anggota Komite Audit PT Bank Tabungan ** Appointed as a member of the Audit Committee of PT Bank Tabungan
Negara (Persero) Tbk berdasarkan Keputusan Dewan Negara (Persero) Tbk based on the Decree of the Board of
Komisaris PT Bank Tabungan Negara Nomor Commissioners of PT Bank Tabungan Negara Number
15/KOM/BTN/2024 tanggal 19 November 2024 tentang 15/KOM/BTN/2024 dated 19 November 2024 concerning the
Pengangkatan Sdr. Indra Jaka Aprilyanta Sebagai Anggota Appointment of Mr. Indra Jaka Aprilyanta as Member of the Audit
Komite Audit PT Bank Tabungan Negara (Persero) Tbk. Committee of PT Bank Tabungan Negara (Persero) Tbk
*** Diangkat sebagai anggota Dewan Komisaris PT Bank *** Appointed as a member of the Board of Commissioners of PT Bank
Tabungan Negara (Persero) Tbk berdasarkan hasil keputusan Tabungan Negara (Persero) Tbk based on the resolution of the
RUPS Tahunan Perseroan tanggal 26 Maret 2025 dan telah Company’s Annual General Meeting of Shareholders dated March 26,
efektif menjabat sejak memperoleh persetujuan OJK pada 2025, and has effectively served since obtaining approval from the
tanggal 9 Oktober 2025 berdasarkan Surat OJK Financial Services Authority (OJK) on October 9, 2025, based on OJK
No. SR-420/PB.02/2025 tanggal 9 Oktober 2025 Letter No. SR-420/PB.02/2025 dated October 9, 2025.
29
Page 665
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
h. Dewan Komisaris, Direksi, Dewan h. Boards of Commissioners, Directors, Sharia
Pengawas Syariah, Komite Audit dan Supervisory Board, Audit Committee and
Karyawan (lanjutan) Employees (continued)
Susunan Anggota Komite Audit Bank The composition of the Bank’s Audit
berdasarkan Surat Dewan Komisaris Committee, based on the Bank’s
No. 50/KOM/BTN/III/2024 tanggal 13 Maret Board of Commissioners’ Decision
2024 adalah sebagai berikut: No. 50/KOM/BTN/III/2024 dated
March 13, 2024 are as follows:
31 Desember 2024 December 31, 2024
Ketua merangkap anggota Iqbal Latanro Chairman concurrently as a Member
Anggota Sentot A. Sentausa Member
Anggota Bambang Widjanarko* Member
Anggota Endang A.Suprijatna Member
Anggota Indra Jaka Aprilyanta** Member
* Diangkat sebagai anggota Dewan Komisaris PT Bank Tabungan * Appointed as a member of Board of Commissioners of PT Bank
Negara (Persero) Tbk berdasarkan hasil keputusan RUPS Tahunan Tabungan Negara (Persero) Tbk based on the Annual General
Perseroan tanggal 6 Maret 2024 dan telah efektif menjabat sejak Meeting of Shareholders dated March 6, 2024 has effectively served
memperoleh persetujuan dari Otoritas Jasa Keuangan (OJK) pada since receiving Financial Services Authority (OJK) approval on
tanggal 7 Oktober 2024 berdasarkan Surat OJK No.SR- October 7, 2024 based on OJK Letter No.SR-438/PB.02/2024 dated
438/PB.02/2024 tanggal 7 Oktober 2024. October 7, 2024
** Diangkat sebagai anggota Komite Audit PT Bank Tabungan Negara ** Appointed as a member of Audit Comittee of PT Bank Tabungan
(Persero) Tbk berdasarkan Keputusan Dewan Komisaris PT Bank Negara (Persero) Tbk based on the Decree of the Board of
Tabungan Negara (Persero) Tbk No. 15/KOM/BTN/2024 tanggal 19 Commissioners of PT Bank Tabungan Negara (Persero) Tbk No.
November 2024 tentang Pengangkatan Sdr. Indra Jaka Aprilyanta 15/KOM/BTN/2024 dated November 19, 2024 concerning the
sebagai Anggota Komite Audit PT Bank Tabungan Negara (Persero) Appointment of Mr. Indra Jaka Aprilyanta as Member of the Audit
Tbk. Committee of PT Bank Tabungan Negara (Persero) Tbk.
Berdasarkan ketentuan internal Grup, Based on the Group’s internal policy,
manajemen kunci Grup cakupannya adalah key management consists of Board of
Dewan Komisaris, Komite Audit, Direksi, Commissioners, Audit Committee, Board of
Kepala Kantor Wilayah, Kepala Divisi, dan Directors, Regional Office Head, Division Head,
Kepala Cabang. and Branch Manager.
Jumlah karyawan tetap Bank pada tanggal The Bank has permanent employees as of
31 Desember 2025 dan 2024 masing-masing December 31, 2025 and 2024 of 12,686 and
adalah 12.686 dan 12.697 orang. Total pekerja 12,697 employees, respectively. Total
entitas anak pada tangal 31 Desember 2025 employees of the subsidiary as of
sebanyak 1.708 orang. December 31, 2025, amounted to 1,708
employees.
i. Entitas Anak i. Subsidiary
Tahun operasi Jumlah aset/
Persentase komersial/ Total Assets
kepemilikan/ Start of
Entitas Anak/ Jenis Usaha/ Percentage of commercial 31 Desember/ 31 Desember/
Subsidiary Nature of banking ownership operation December 31, December 31,
2025 2024
PT Bank Syariah Sharia banking 99,9984% 1966 73.069.148.487.951 3.314.468.600.548
Nasional
30
Page 666
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT Bank Syariah Nasional PT Bank Syariah Nasional
PT Bank Syariah Nasional (dahulu PT Bank PT Bank Syariah Nasional (formerly PT Bank
Victoria Syariah) (“BSN”) didirikan Victoria Syariah) (“BSN”) was established
berdasarkan Akta No. 9 tanggal 15 April 1966 based on Deed No. 9 dated April 15, 1966 from
dari Bebasa Daeng Lalo, S.H., notaris di Bebasa Daeng Lalo, S.H., notary in Jakarta.
Jakarta. Akta pendirian BSN telah disahkan The deed of establishment of BSN has been
oleh Menteri Hukum dan Hak Asasi Manusia ratified by the Minister of Law and Human
Republik Indonesia melalui Surat Keputusan Rights of the Republic of Indonesia
No. JA.5/79/5 tanggal 7 November 1967 dan through Decree No. JA.5/79/5 dated
telah diumumkan dalam Berita Negara November 7, 1967 and was published in
Republik Indonesia No. 42, Tambahan No. 62 the State Gazette of the Republic of Indonesia
tanggal 24 Mei 1968. No. 42, Supplement No. 62 dated
May 24, 1968.
Anggaran Dasar BSN telah mengalami BSN's Articles of Association have been
perubahan beberapa kali. Perubahan amended several times. The amendment was
berdasarkan Akta Notaris No. 58 tanggal 27 based on Notarial Deed No. 58 dated
Agustus 2025 dari Ashoya Ratam, S.H., M.Kn August 27, 2025 from Ashoya Ratam, S.H.,
Notaris & PPAT di Jakarta Selatan, M.Kn Notary & PPAT in South Jakarta. The
Perubahan Anggaran Dasar tersebut Amendment to the Articles of Association was
ditujukan untuk perubahan nama dari intended to change the name from PT Bank
PT Bank Victoria Syariah (“BVIS”) menjadi Victoria Syariah (“BVIS”) to become (“BSN”)
(“BSN”) dan tempat kedudukan Bank serta and domicile of the Bank as well as changes to
perubahan anggaran dasar pasal 14 ayat 9 the articles of association of article 14
huruf (b) Anggaran Dasar Bank. Perubahan paragraph 9 letter (b) of the Bank's Articles of
tersebut telah mendapat persetujuan Association. The amendment has been
oleh Menkum sebagaimana dibuktikan approved by the Minister of Law and Human
dengan Surat dari Kemenkum Rights as evidenced by the Letter from the
No. AHU-0058198.AH.01.02 tahun 2025 Ministry of Law and Human Rights No. AHU-
tanggal 28 Agustus 2025. Perubahan terakhir 0058198.AH.01.02 of 2025 dated August 28,
berdasarkan Akta PKR No. 21 tanggal 20 2025. The latest amendment based on Deed of
November 2025 dibuat di hadapan Ashoya Shareholders’ Resolution (PKR) No. 21 dated
Ratam, S.H., M.kn. Notaris di Jakarta, November 20, 2025, made in front of Notarial
Perubahan Anggaran Dasar tersebut Ashoya Ratam, S.H., M.Kn., Notary in Jakarta.
ditujukan untuk penambahan modal dasar, The amendment to the Articles of Association
modal ditempatkan dan disetor serta was intended for the increase of authorized
perubahan anggaran dasar pasal 4 ayat 1 dan capital, issued and paid-up capital, as well as
ayat 2 Anggaran Dasar Bank. Perubahan amendments to Article 4 paragraph 1 and
tersebut telah mendapat persetujuan oleh paragraph 2 of the Bank’s Articles of
Menkum sebagaimana dibuktikan dengan Association. The amendment has been
Surat dari Kemenkum No. AHU-AH.01-446 approved by the Minister of Law and Human
tahun 2025 tanggal 15 Desember 2025. Rights as evidenced by the Letter from the
Ministry of Law and Human Rights No. AHU-
AH.01-446 of 2025 dated December 15, 2025
31
Page 667
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT Bank Syariah Nasional (lanjutan) PT Bank Syariah Nasional (continued)
Pada tanggal 5 Juni 2025, Bank telah On June 5, 2025, the Bank signed the Deed of
menandatangani Akta Jual Beli dan Sale and Purchase and Takeover of Shares of
Pengambilalihan Saham PT Bank Syariah PT Bank Syariah Nasional (formerly PT Bank
Nasional (sebelumnya PT Bank Victoria Victoria Syariah). This was based on the Deed of
Syariah). Berdasarkan Akta Jual Beli Sale and Purchase No. 12 dated June 5, 2025,
No 12 tanggal 5 Juni 2025 Akta Jual Beli the Deed of Sale and Purchase No. 13, and the
No 13 dan persetujuan OJK dengan OJK (Financial Services Authority) approval with
No SR-176/PB.02/2025 perihal Penyampaian Letter No. SR-176/PB.02/2025 regarding the
Keputusan Izin Pengambilalihan PT Bank Delivery of the Decision on the Permit for the
Victoria Syariah oleh PT Bank Tabungan Takeover of PT Bank Victoria Syariah by PT
Negara (Persero) Tbk, serta hasil penilaian Bank Tabungan Negara (Persero) Tbk, as well
kemampuan dan kepatutan atas pencalonan as the results of the fit and proper assessment
pemegang saham pengendali dan ultimate for the nomination of the controlling shareholder
shareholder PT Bank Victoria Syariah. and ultimate shareholder of PT Bank Victoria
Syariah.
Perubahan kegiatan usaha BSN dari bank The change in BSN's business activities from a
umum konvensional menjadi bank umum conventional commercial bank to a sharia
syariah mendapatkan izin dari Bank Indonesia commercial bank was permitted by Bank
berdasarkan Keputusan Gubernur Bank Indonesia based on the Decree of the Governor
Indonesia No. 12/8/KEP.GBI/DpG/2010 of Bank Indonesia No.12/8/KEP.GBI/DpG/2010
tertanggal 10 Februari 2010. BSN beroperasi dated February 10, 2010. BSN operates on
dengan prinsip syariah mulai tanggal sharia principles starting April 1, 2010.
1 April 2010.
Sesuai dengan pasal 3 Anggaran Dasar Bank, In accordance with Article 3 of the Bank's
maksud dan tujuan kegiatan usaha BSN Articles of Association, the purpose and
adalah menjalankan usaha perbankan objective of BSN's business activities is to
dengan prinsip syariah. BSN merupakan bank conduct banking activities based on sharia
non-devisa. principles. BSN is a non-foreign exchange
bank.
Dengan dilaksanakannya penyelesaian With the completion of the acquisition of BSN,
pengambilalihan BSN, selanjutnya Bank the Bank owns 1,059,982,683 shares of BSN
memiliki 1.059.982.683 lembar saham BSN representing 99.9984% of the total issued and
yang mewakili 99,9984% dari total saham fully paid-up capital in BSN. As a result of
yang ditempatkan dan disetor penuh dalam acquisition of BSN, Bank recorded goodwill
BSN. Atas Akuisisi BSN, Bank mencatat amounting to Rp527,705 in “Other Assets”
goodwill sebesar Rp527.705 yang (Note 16).
diklasifikasikan dalam aset lain-lain
(Catatan 16).
32
Page 668
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT Bank Syariah Nasional (lanjutan) PT Bank Syariah Nasional (continued)
Pada tanggal 20 Agustus 2025 bertempat di On August 20, 2025, located in Central Jakarta,
Jakarta Pusat, Bank selaku Pemegang Saham the Bank as the Controlling Shareholder,
Pengendali, bersama dengan pemegang together with the other shareholders, approved
saham lain, telah menyetujui perubahan nama the change of name of the Bank’s subsidiary
perusahaan anak bank dari semula bernama from its previous name, PT Bank Victoria
PT Bank Victoria Syariah menjadi PT Bank Syariah, to PT Bank Syariah Nasional, based
Syariah Nasional, berdasarkan Akta on the Deed of Shareholders’ Resolution of
Pernyataan Keputusan Pemegang Saham BVIS No. 58 dated August 27, 2025, whereby
BVIS No. 58 tanggal 27 Agustus 2025 yang the name change will become effective upon
mana perubahan nama tersebut akan berlaku obtaining approval from the Financial Services
efektif sejak diperolehnya persetujuan dari Authority (Otoritas Jasa Keuangan).
Otoritas Jasa Keuangan.
Pada tanggal 24 September 2025, Bank On September 24, 2025, the Bank obtained
memperoleh persetujuan dari OJK perihal approval from the Financial Services Authority
penggunaan izin usaha Bank dengan nama (OJK) regarding the use of the Bank’s business
baru berdasarkan surat OJK No. S- license under the new name, as stated in OJK
240/PB.02/2025 Letter No. S-240/PB.02/2025."
Selanjutnya, pada tanggal 25 Setember 2025, Furthermore, on September 25, 2025, a
dilakukan Pengumuman Ringkasan Summary Announcement of the Separation
Rancangan Pemisahan ke Publik melalui Plan was made to the Public on Bank’s and
website btn dan bsn serta koran “Media BSN’s websites and the “Media Indonesia”
Indonesia” & pada tanggal yang sama newspaper & on the same date, the Separation
dilakukan Penyampaian Rencana Pemisahan Plan was submitted to the OJK based on
kepada OJK berdasarkan surat Bank No. Bank;s letter No. 1618/S/DIR/SHAD/IX/2025
1618/S/DIR/SHAD/IX/2025 serta surat BSN and BSN letter No. 002/DIR-BSN/IX/2025.
No. 002/DIR-BSN/IX/2025.
Pada tanggal 27 Oktober 2025, Bank On October 27, 2025, Bank received the
mendapatkan Persetujuan Kepala Badan approval of the Head of the BUMN Regulatory
Pengaturan BUMN atas Pemisahan UUS Agency for the Separation of UUS Bank and
Bank dan penyertaan Modal Bank pada BSN BTN's Capital Investment in BSN based on
berdasarkan surat No. S-16/BPU/10/2025 letter No. S-16/BPU/10/2025
Dilanjutkan pada tanggal 19 November 2025 Continued on November 19, 2025, an
dilakukan RUPS LB pada BSN perihal Extraordinary General Meeting of Shareholders
pemisahan dan peningkatan modal BSN was held at BSN regarding the separation and
berdasarkan akta pernyataan keputusan increase of BSN's capital based on the deed of
RUPS LB No. 21 pada tanggal 20 November decision statement of Extraordinary General
2025. Meeting of Shareholders No. 21 on November
20, 2025.
33
Page 669
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT Bank Syariah Nasional (lanjutan) PT Bank Syariah Nasional (continued)
Pada tanggal 9 Desember 2025, berdasarkan On December 9, 2025, based on OJK letter No.
surat OJK No. SR-511/PB.02/2025, Bank dan SR-511/PB.02/2025, the Bank and BSN
BSN memperoleh persetujuan OJK atas obtained OJK approval for the Separation of
Pemisahan UUS Bank yang berlaku efektif UUS Bank which became effective on
pada 22 Desember 2025 berdasarkan December 22, 2025 based on the approval of the
persetujuan Menteri Hukum atas Perubahan Minister of Law on Amendments to the Articles
Anggaran Dasar BSN sesuai Surat dari of Association of BSN in accordance with Letter
Kemenkum No. AHU-AH.01-446 tahun 2025 from the Ministry of Law and Human Rights No.
tanggal 15 Desember 2025. AHU-AH.01-446 of 2025 dated December 15,
2025.
Proses pemisahan telah selesai dilaksanakan The separation process was completed on
pada 22 Desember 2025 yang mengakibatkan: December 22, 2025, resulting in:
1. Seluruh aset dan liabilitas yang dimiliki 1. All assets and liabilities owned by UUS
oleh UUS Bank secara hukum yang Bank have been legally transferred and
berlaku telah dipindahkan dan menjadi become the rights, liabilities, or
hak, liabilitas, atau tanggungan dari responsibilities of the Subsidiary Entity as
Entitas Anak sebagai entitas penerima. the receiving entity.
2. Seluruh operasi, bisnis dan kegiatan UUS 2. All operations, business, and activities of
Bank secara hukum telah berpindah UUS Bank have been legally transferred to
tangan untuk dioperasikan di bawah be operated under the profits, losses, and
keuntungan, kerugian dan tanggung jawab responsibilities of the subsidiary.
entitas anak.
3. Seluruh hak, klaim, otorisasi dan liabilitas 3. All rights, claims, authorizations, and
UUS Bank secara perjanjian, tindakan liabilities of UUS Bank based on
atau hal apapun yang dibuat, dilakukan agreements, actions, or anything made,
atau terjadi pada tanggal atau sebelum done, or occurred on or before the effective
tanggal efektif dari pemisahan unit usaha date of the spin-off, including but not limited
(spin-off), termasuk dan tidak sebatas to the list of assets and liabilities of UUS
pada daftar aset dan kewajiban UUS Bank Bank as determined, and all legal
yang telah ditetapkan serta seluruh relationships between UUS Bank and other
hubungan legal antara UUS Bank dan parties have been legally transferred to be
pihak lain secara hukum telah dipindah operated under the profits, losses, and
tangan untuk dioperasikan dibawah responsibilities of the subsidiary.
keuntungan, kerugian dan tanggung jawab
entitas anak.
34
Page 670
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
i. Entitas Anak (lanjutan) i. Subsidiary (continued)
PT Bank Syariah Nasional (lanjutan) PT Bank Syariah Nasional (continued)
4. Susunan Pemegang Saham berdasarkan 4. The composition of shareholders, based on
akta Nomor 21 tanggal 20 November Deed No. 21 dated November 20, 2025,
2025 perihal Pernyataan Keputusan Rapat concerning the Statement of Resolutions of
Umum Pemegang Saham Luar Biasa the Extraordinary General Meeting of
”PT Bank Syariah Nasional” antara lain: Shareholders of "PT Bank Syariah Nasional,"
includes:
Bank Sejumlah 6.620.052.683 (enam Bank 6,620,052,683 (six billion six
miliar enam ratus delapan pulih tiga) hundred and eighty-three) shares with a
saham dengan nilai nominal nominal value of Rp6,620,052,683,000
seharusnya sebesar (six trillion six hundred twenty billion fifty-
Rp6.620.052.683.000 (enam triliun two million six hundred and eighty-three
enam ratus dua puluh miliar lima puluh thousand rupiah) or 99.999%.
dua juta enam ratus delapan puluh tiga
ribu rupiah) atau 99,999%.
BHP Jakarta: 17,317 (seventeen
BHP Jakarta sejumlah 17.317 (tujuh thousand three hundred and seventeen)
belas ribu tiga ratus tujuh belas) saham shares with a total nominal value of
dengan nilai nominal seluruhnya Rp17,317,000 (seventeen million three
sebesar Rp17.317.000 (tujuh belas juta hundred and seventeen thousand rupiah)
tiga ratus tujuh belas ribu rupiah) atau or 0.001% of the company's total issued
0,001% dari jumlah seluruh modal and paid-up capital.
ditempatkan dan disetor perseroan.
Sehingga seluruhnya berjumlah This brings the total to Rp6,620,070,000 (six
Rp6.620.070.000 (enam miliar enam ratus billion six hundred twenty million seventy
dua puluh juta tujuh puluh ribu) saham thousand) shares with a total nominal value
dengan nilai nominal seluruhnya sebesar of (six trillion six hundred twenty billion
(enam triliun enam ratus dua puluh miliar seventy million rupiah).
tujuh puluh juta rupiah)
5. Kantor Pusat BSN setelah dilakukan 5. After the change of address, the BSN Head
perubahan alamat berubah ke lokasi Office was relocated to the 11th floor of the
Menara BTN lantai 11 di Jl. Gajah Mada BTN Tower at Jl. Gajah Mada No. 1, RT.
No.1, RT.2/RW.8, Petojo Utara, 2/RW. 8, Petojo Utara, Gambir District,
Kecamatan Gambir, Kota Jakarta Pusat, Central Jakarta City, Special Capital Region
Daerah Khusus Ibukota Jakarta 10130 of Jakarta 10130, which also serves as the
yang juga merupakan Kantor Pusat Operational Head Office and Non-
Operasional dan Kantor Pusat Non- Operational Head Office. BSN currently has
Operasional. BSN pada saat ini memiliki 1 one Functional Office, 37 Branch Offices, and
Kantor Fungsional, 37 Kantor Cabang dan 82 Sub-Branch Offices.
82 Kantor Cabang Pembantu.
35
Page 671
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL INFORMATION
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
Statements
Pernyataan Kepatuhan Statement of Compliance
Laporan keuangan konsolidasian pada tanggal The consolidated financial statements as of and
dan untuk tahun yang berakhir pada tanggal- for the year ended December 31, 2025 and
tanggal 31 Desember 2025 dan 2024 disusun 2024 were prepared and presented in
dan disajikan sesuai dengan Standar Akuntansi accordance with Indonesian Financial
Keuangan di Indonesia, yang mencakup Accounting Standards, which includes the
pernyataan dan Interpretasi yang dikeluarkan Statements and Interpretations issued by the
oleh Dewan Standar Akuntansi Keuangan Financial Accounting Standards Board of the
Ikatan Akuntan Indonesia dan peraturan Indonesian Institute of Accountants and
Bapepam-LK No. VIII.G.7 lampiran keputusan Bapepam-LK’s Regulation No. VIII.G.7,
Ketua Bapepam-LK No. KEP-347/BL/2012 Appendix of the Decision of the Chairman of
tanggal 25 Juni 2012 tentang “Penyajian dan Bapepam-LK No. KEP-347/BL/2012 dated
Pengungkapan Laporan Keuangan Emiten atau June 25, 2012 regarding the “Guidelines on
Perusahaan Publik”. Financial Statements Presentations and
Disclosures for Issuers or Public Companies”.
Laporan keuangan konsolidasian disusun The consolidated financial statements is
sesuai dengan Pernyataan Standar Akuntansi presented in conformity with the Statement of
Keuangan (PSAK) No. 201 (Amandemen Financial Accounting Standards ("SFAS")
2019), “Penyajian Laporan Keuangan”. No. 201 (Amendment 2019), “Presentation of
Financial Statements”.
Laporan keuangan BSN yang didasarkan pada The financial statements of the BSN have been
prinsip syariah disajikan sesuai dengan presented in conformity with the Statement of
Pernyataan Standar Akuntansi Keuangan Financial Accounting Standards ("SFAS") No.
(PSAK) No. 401 (Revisi 2020) tentang 401 (Revised 2020) on “Sharia Financial
“Penyajian Laporan Keuangan Syariah”, PSAK Statements Presentation”, SFAS No. 402
No. 402 (Revisi 2020) tentang “Akuntansi (Revised 2020) on “Accounting for Murabahah”,
Murabahah”, PSAK No. 404 tentang “Akuntansi SFAS No. 404 on “Accounting for Istishna”,
Istishna”, PSAK No. 405 tentang “Akuntansi SFAS No. 405 on “Accounting for
Mudharabah”, PSAK No. 406 (Revisi 2020) Mudharabah”, SFAS No. 406 (Revised 2020)
tentang “Akuntansi Musyarakah” dan PSAK No. on “Accounting for Musyarakah” and
407 tentang “Akuntansi Ijarah” yang SFAS No. 407 on “Accounting for Ijarah”, which
menggantikan PSAK No. 459 tentang which replace SFAS No. 459 on “Accounting for
“Akuntansi Perbankan Syariah” yang berkaitan Sharia Banking” associated with recognition,
dengan pengakuan, pengukuran, penyajian dan measurement, presentation and disclosure for
pengungkapan untuk topik tersebut, the respective topics, SFAS No. 410 (Revised
PSAK No. 410 (Revisi 2020) tentang “Akuntansi 2020) on “Accounting for Sukuk”, SFAS No. 411
Sukuk”, PSAK No. 411 tentang “Akuntansi on “Accounting for Wa’d” and other SFAS, as
Wa’d” dan PSAK lain selama tidak long as not contradict with sharia principles and
bertentangan dengan prinsip syariah dan the Indonesia Sharia Banking Accounting
Pedoman Akuntansi Perbankan Syariah Guidelines (PAPSI) (revised 2013).
Indonesia (PAPSI) (revisi 2013).
Laporan keuangan telah disajikan berdasarkan The financial statements have been prepared
nilai historis, kecuali untuk beberapa akun yang on a historical cost basis, except for some
dinilai menggunakan dasar pengukuran lain accounts that were assessed using another
sebagaimana dijelaskan pada kebijakan measurement basis as explained in the
akuntansi dari akun tersebut. Laporan accounting policies of the account. The financial
keuangan disusun dengan dasar akrual, kecuali statements have been prepared on accrual
pendapatan dari istishna dan bagi hasil dari basis, except for the revenue from istishna and
pembiayaan mudharabah dan musyarakah the profit sharing from the mudharabah and
serta laporan arus kas. musyarakah financing and the statement of
cash flow.
36
Page 672
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
(lanjutan) Statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Laporan arus kas disusun menggunakan The statement of cash flows has been prepared
metode langsung dan arus kas dikelompokkan using direct method and the cash flows have
atas dasar aktivitas operasi, investasi dan been classified on the basis of operating,
pendanaan. Kas dan setara kas terdiri dari kas, investing and financing activities. Cash and
giro pada Bank Indonesia dan giro pada bank cash equivalents consist of cash, current
lain, penempatan pada Bank Indonesia dan accounts with Bank Indonesia and current
bank lain, Sertifikat Bank Indonesia dan accounts with other banks, placements with
Sertifikat Deposito Bank Indonesia, yang jatuh Bank Indonesia and other banks, Bank
tempo dalam waktu 3 (tiga) bulan sejak tanggal Indonesia Certificates and Deposits Certificates
perolehan, sepanjang tidak digunakan sebagai of Bank Indonesia maturing within 3 (three)
jaminan atas pinjaman yang diterima serta tidak months or less from the acquisition date
dibatasi penggunaannya. provided they are neither pledged as collateral
for borrowings nor restricted.
Mata uang penyajian yang digunakan dalam The presentation currency used in the financial
laporan keuangan adalah Rupiah (Rp), yang statements is the Indonesian Rupiah (Rp),
merupakan mata uang fungsional Grup. which is the Group’s functional currency.
Angka-angka yang disajikan dalam laporan Unless otherwise stated, all figures presented in
keuangan, kecuali dinyatakan lain dibulatkan the financial statement are rounded off to
dalam jutaan Rupiah. millions of Rupiah.
Berdasarkan PSAK No. 51 (Revisi 2003) Based on SFAS No. 51 (Revised 2003),
tentang ”Akuntansi Kuasi-Reorganisasi”, kuasi- “Accounting for Quasi-Reorganization”, a quasi-
reorganisasi merupakan prosedur akuntansi reorganization is an accounting procedure that
yang mengatur perusahaan merestrukturisasi enables a company to restructure its equity by
ekuitasnya dengan menghilangkan defisit dan eliminating its deficit and revaluating all its
menilai kembali seluruh aset dan liabilitasnya assets and liabilities based on their fair values.
berdasarkan nilai wajar. Dengan kuasi- Under a quasi-reorganization, a company will
reorganisasi, perusahaan mendapatkan awal have a fresh start with its statement of financial
yang baik (fresh start) dengan laporan posisi position showing figures that represent present
keuangan yang menunjukkan nilai sekarang values and without the burden of a deficit
dan tanpa dibebani defisit karena defisit because the deficit has been eliminated to Nil.
dieliminasikan menjadi Nihil.
b. Akuntansi Bank dan entitas anak b. Bank and subsidiary accounting
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Grup beserta seluruh entitas the financial statements of the Group and all
anak yang berada di bawah pengendalian subsidiaries that are controlled by the Bank.
Bank.
Dalam hal pengendalian terhadap entitas anak Where an entity either began or ceased to be
dimulai atau diakhiri dalam suatu tahun controlled during the year, the results of
berjalan, maka hasil usaha entitas anak yang operations of subsidiaries are included in the
diperhitungkan ke dalam laporan keuangan consolidated financial statements only from the
konsolidasian hanya sebatas hasil pada saat date that the control commenced or up to the
pengendalian tersebut mulai diperoleh atau date that control ceased.
hingga saat pengendalian atas entitas anak itu
berakhir.
37
Page 673
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Akuntansi Bank dan entitas anak (lanjutan) b. Bank and subsidiary accounting
(continued)
Pengendalian didapat ketika Grup terekspos Control is acquired when Group is exposed or
atau memiliki hak atas imbal hasil variabel dari has right to variable returns from its involvement
keterlibatannya dengan Entitas Anak dan with a Subsidiaries and has the ability to affect
memiliki kemampuan untuk mempengaruhi those returns through its power over a
imbal hasil tersebut melalui kekuasaannya atas Subsidiaries.
Entitas Anak.
Grup mengendalikan Entitas Anak, jika Bank Group control a Subsidiary only if, Bank has the
memiliki hal berikut ini: following:
a) Kekuasaan atas Entitas Anak (hak yang a) Power over a Subsidiary (existing right
ada saat ini yang memberi kemampuan that provide the current ability to direct the
kini untuk mengarahkan aktivitas relevan relevant activities that significantly affect
yang secara signifikan mempengaruhi returns of a Subsidiary);
imbal hasil Entitas Anak);
b) Eksposur atau hak atas imbal hasil b) Exposure or right to variable returns from
variable dari keterlibatannya dengan its involvement with the Subsidiary; and
Entitas Anak; dan
c) Kemampuan untuk menggunakan c) The ability to use its power over the
kekuasaannya atas Entitas Anak untuk Subsidiary to affect the amount of the
mempengaruhi jumlah imbal hasil Bank. Bank's returns.
Dalam mencatat akuisisi entitas anak The purchase method of accounting is used in
digunakan metode pembelian. Biaya transaksi, recording the acquisition of subsidiaries.
selain biaya yang berhubungan dengan Transaction costs, other than those related to
penerbitan instrumen utang atau ekuitas yang the issuance of debt or equity instruments borne
ditanggung oleh Grup dengan kombinasi bisnis by the Group in a business combination, are
dibebankan pada saat terjadinya. Kelebihan expensed as incurred. The excess of the
biaya akuisisi atas nilai wajar aset neto entitas acquisition cost over the fair value of the
anak dicatat sebagai goodwill (Catatan 2s untuk subsidiary's net assets is recorded as goodwill
kebijakan akuntansi atas goodwill). Sesuai (Note 2s for the accounting policy on goodwill).
PSAK 103 Grup secara According to PSAK 103 The Group periodically
berkala melakukan evaluasi terhadap evaluates the impairment of such goodwill
penurunan nilai goodwill tersebut sesuai in accordance with PSAK 236: Impairment of
PSAK 236: Penurunan Nilai Aset. Assets.
Seluruh saldo dan transaksi antar perusahaan All significant inter-company balances and
yang signifikan termasuk keuntungan/kerugian transactions, including unrealized gain/loss, are
yang belum direalisasi, dieliminasi untuk eliminated in the consolidation to reflect the
mencerminkan posisi keuangan dan hasil financial position and results of operations of
usaha Bank dan entitas anak sebagai satu the Bank and subsidiaries as one business
kesatuan usaha. entity.
Laporan keuangan konsolidasian disusun The consolidated financial statements
dengan menggunakan kebijakan akuntansi are prepared using accounting policy
yang sama untuk peristiwa dan transaksi for transactions and events in similar
sejenis dalam kondisi yang sama. Kebijakan circumstances. The accounting policies
akuntansi yang digunakan dalam laporan adopted in preparing the consolidated financial
keuangan konsolidasian, telah diterapkan statements have been consistently applied by
secara konsisten oleh entitas anak, kecuali bila the subsidiary unless otherwise stated.
dinyatakan lain.
38
Page 674
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Akuntansi Bank dan entitas anak (lanjutan) b. Bank and subsidiary accounting
(continued)
Kepentingan non-pengendali atas laba neto dan Non-controlling interest represents the minority
ekuitas entitas anak dinyatakan sebesar shareholders proportionate share in the net
proporsi pemegang saham minoritas atas laba income and equity of the subsidiaries, which is
neto dan ekuitas entitas anak tersebut sesuai presented based on the percentage of
dengan persentase kepemilikan pemegang ownership of the minority shareholders in the
saham minoritas pada entitas anak tersebut. subsidiaries.
c. Perubahan Kebijakan Akuntansi c. Changes in Accounting Policy
Amandemen PSAK 211 ”Pengaruh Perubahan Amendments to SFAS 211 “The Effects of
Kurs Valuta Asing”, yang berlaku efektif 1 Changes in Foreign Exchange Rates”, is
Januari 2025. Amandemen tentang effective 1 January 2025. This amendment
kekurangan ketertukaran. Amandemen ini clarifies the requirements regarding the
memperjelas pengaturan terkait kondisi ketika condition where the currency is not
suatu mata uang tidak tertukarkan serta exchangeable and its disclosure. The impact of
pengungkapannya. Dampak atas penerapan the implementation of the amendments
amandemen di atas tidak material terhadap mentioned above are not material to the
laporan keuangan konsolidasian Grup. Group’s consolidated financial statements.
d. Transaksi dengan pihak-pihak berelasi d. Transactions with related parties
Dalam menjalankan usahanya, Grup In the normal course of its business, the Group
melakukan transaksi dengan pihak-pihak enters into transactions with related parties
berelasi seperti yang didefinisikan dalam which are defined under SFAS No. 224,
PSAK No. 224 tentang “Pengungkapan Pihak- “Related Party Disclosures”.
Pihak Berelasi”.
Suatu pihak dianggap berelasi dengan Bank The Bank considers the following as its related
jika: parties:
a) Suatu pihak yang secara langsung, atau a) A person who, directly or indirectly through
tidak langsung yang melalui satu atau lebih one or more intermediaries, (i) controls, or
perantara, suatu pihak (i) mengendalikan, is controlled by, or under common control
atau dikendalikan oleh, atau berada di with the Group; (ii) has significant influence
bawah pengendalian bersama, dengan over the Group; or (iii) has joint control over
Grup; (ii) memiliki pengaruh signifikan atas the Group;
Grup; atau (iii) memiliki pengendalian
bersama atas Grup;
b) Suatu pihak yang berada dalam kelompok b) An entity which is a member of the same
usaha yang sama dengan Grup; group as the Group;
c) Suatu pihak yang merupakan ventura c) An entity which is a joint venture of a third
bersama di mana Grup sebagai venturer; party in which the Group has ventured in;
39
Page 675
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
d. Transaksi dengan pihak-pihak berelasi d. Transactions with related parties
(lanjutan) (continued)
Dalam menjalankan usahanya, Grup In the normal course of its business, the Group
melakukan transaksi dengan pihak-pihak enters into transactions with related parties
berelasi seperti yang didefinisikan dalam which are defined under SFAS No. 224,
PSAK No. 224 tentang “Pengungkapan Pihak- “Related Party Disclosures”.
Pihak Berelasi”.
Suatu pihak dianggap berelasi dengan Bank The Bank considers the following as its related
jika: (lanjutan) parties: (continued)
d) Suatu pihak adalah anggota dari personil d) A member of key management personnel
manajemen kunci Grup; of the Group;
e) Suatu pihak adalah anggota keluarga e) A close family member of the person
dekat dari individu yang diuraikan dalam described in clause (a) or (d);
butir (a) atau (d);
f) Suatu pihak adalah suatu program imbalan f) An entity which is a post-employment
pasca kerja untuk imbalan kerja dari Grup benefit plan for the benefit of employees of
atau entitas terkait Grup; either the Group or an entity related to the
Group;
g) Suatu pihak adalah entitas yang g) An entity that is controlled, jointly controlled
dikendalikan, dikendalikan bersama atau or significantly influenced, directly or
dipengaruhi signifikan oleh beberapa indirectly by the person described in clause
entitas, langsung maupun tidak langsung, (d) or (e).
individu seperti diuraikan dalam butir
(d) atau (e).
Transaksi dengan pihak-pihak berelasi Transactions with related parties are made on
dilakukan dengan syarat dan kondisi yang the term and conditions agreed by both parties
disetujui oleh kedua belah pihak dimana where such terms may not be the same as
persyaratan tersebut mungkin tidak sama transactions undertaken with third parties. All
dengan transaksi yang dilakukan dengan pihak material transactions and balances with related
ketiga. Seluruh transaksi dan saldo yang parties are disclosed in the relevant notes to the
material dengan pihak-pihak berelasi financial statements and the details have been
diungkapkan dalam catatan atas laporan presented in Note 46 of the consolidated
keuangan konsolidasian yang relevan dan financial statements. Furthermore, material
rinciannya telah disajikan dalam Catatan 46 transactions and balances between the Group
atas laporan keuangan. Selanjutnya, saldo dan and the Government of the Republic of
transaksi yang material antara Grup dan Indonesia (RI), PT Danantara Asset
Pemerintah Negara Republik Indonesia (RI), Management (Persero) and other entities
PT Danantara Asset Management (Persero) related to the Group are also disclosed in
dan entitas lain yang berelasi dengan Grup Note 46.
diungkapkan juga pada Catatan 46.
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities
Aset keuangan Grup terdiri dari kas, giro pada The Group’s financial assets consist of cash,
Bank Indonesia, giro pada bank lain, current accounts with Bank Indonesia,
penempatan pada Bank Indonesia dan bank current accounts with other banks, placements
lain, efek-efek, obligasi Pemerintah, efek-efek with Bank Indonesia and other banks,
yang dibeli dengan janji dijual kembali, tagihan securities, government bonds, securities
derivatif, tagihan akseptasi, penyertaan saham, purchased under agreement to resell,
kredit yang diberikan dan pembiayaan/piutang derivatives receivable, acceptance receivable,
syariah, bunga yang masih akan diterima dan investment in shares, loans and sharia
aset lain-lain (tagihan kepada pihak ketiga). financing/receivables, interest receivable and
other assets (third party receivables).
40
Page 676
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
Liabilitas keuangan Grup terdiri dari liabilitas The Group’s financial liabilities consist of
segera, simpanan dari nasabah, simpanan dari liabilities due immediately, deposits from
bank lain, surat-surat berharga yang diterbitkan, customers, deposits from other banks,
liabilitas derivatif, liabilitas akseptasi, pinjaman securities issued, derivatives payable,
yang diterima, pinjaman subordinasi, efek-efek acceptance payable, fund borrowings,
yang dijual dengan janji dibeli kembali, subordinated loan, securities sold under
bunga yang masih harus dibayar dan liabilitas repurchase agreements, interest payable and
lain-lain (setoran jaminan dan dana jaminan other liabilities (guarantee deposits and
pengembang). developers security deposits).
(i) Klasifikasi (i) Classification
Grup mengklasifikasikan aset keuangan The Group classified its financial assets in
berdasarkan kategori sebagai berikut pada the following categories on initial
saat pengakuan awal: recognition:
Aset keuangan yang diukur pada nilai Financial assets held at fair value
wajar melalui laba rugi; through profit or loss (FVTPL);
Aset keuangan yang diukur pada biaya Financial assets held at amortized cost;
perolehan diamortisasi;
Aset keuangan yang diukur pada nilai Financial assets held at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain. (FVTOCI).
Aset keuangan diklasifikasikan menjadi Financial assets are classified into these
kategori tersebut di atas berdasarkan model categories based on the business model
bisnis dimana aset keuangan tersebut within which they are held, and their
dimiliki, dan karakteristik arus kas contractual cash flow characteristics.
kontraktualnya.
Model bisnis merefleksikan bagaimana The business model reflects how groups of
kelompok aset keuangan dikelola untuk financial assets are managed to achieve a
mencapai tujuan bisnis tertentu. particular business objective.
Bank melakukan pengujian karakteristik The Bank assess the contractual cash flow
arus kas kontraktual dari aset keuangan characteristics of financial assets to
yang dikelola untuk mengetahui determine the characteristics of contractual
karakteristik arus kas kontraktual berasal cash flows only from the payment of principal
hanya dari pembayaran pokok dan bunga and interest from the outstanding principal
dari jumlah pokok terutang (Solely Payment (Solely Payment of Principal and Interest or
of Principal and Interest atau Pass SPPI) Pass SPPI) that is consistent with basic
yang konsisten dengan pengaturan lending agreement. In making the
pinjaman dasar (Basic Lending Agreement). assessment, the Bank considers:
Dalam melakukan penilaian, Bank
mempertimbangkan:
41
Page 677
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Imbalan untuk nilai waktu dari uang; The time value of money element of
interest;
Leverage; Leverage;
Variabilitas pada waktu dan jumlah Variability in timing or amount of cash
arus kas; flows;
Instrumen yang terkait secara Contractually linked instruments;
kontraktual;
Pembayaran dipercepat; Prepayment;
Ketentuan kontrak tidak sah dan de Non-genuine features and de minimis.
minimis
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan amortisasi jika kedua kondisi amortized cost if both of the following
berikut terpenuhi: conditions are met:
Aset keuangan yang dikelola dalam Financial assets are managed where
model bisnis yang bertujuan untuk the business model objectives in order
memiliki aset keuangan dalam rangka to collect the contractual cash flows;
mendapatkan arus kas kontraktual; and;
dan;
Arus kas kontraktual tersebut semata The contractual cash flows are solely
dari pembayaran pokok dan bunga payments of principal and interest
(SPPI). (SPPI).
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income
(FVTOCI) jika kedua kondisi berikut (FVTOCI) if both of the following conditions
terpenuhi: are met:
Aset keuangan yang dikelola untuk Financial assets are managed to collect
mendapatkan arus kas kontraktual dan the contractual cash flows and sell the
menjual aset keuangan; dan assets; and
Arus kas kontraktual tersebut semata The contractual cash flows are solely
dari pembayaran pokok dan bunga payments of principal and interest
(SPPI). (SPPI).
Aset keuangan diklasifikasikan pada nilai Financial assets are measured at fair value
wajar melalui laba rugi (FVTPL) jika tidak through profit or loss (FVTPL) if do not
memenuhi kondisi yang disyaratkan untuk meet the conditions required to be
diukur pada biaya perolehan amortisasi measured at amortized cost or fair value
atau nilai wajar melalui penghasilan through other comprehensive income.
komprehensif lain.
42
Page 678
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(ii) Pengakuan awal (ii) Initial recognition
a. Pembelian atau penjualan aset a. Purchases or sales of financial assets
keuangan yang memerlukan that require delivery of assets within a
penyerahan aset dalam kurun waktu time frame established by regulation
yang telah ditetapkan oleh peraturan or convention in the marketplace
dan kebiasaan yang berlaku di pasar (regular way purchases) are
(pembelian secara reguler) diakui recognized on the settlement date.
pada tanggal penyelesaian.
b. Aset keuangan dan liabilitas b. Financial assets and liabilities are
keuangan pada awalnya diukur pada initially recognised at fair value. For
nilai wajarnya. Dalam hal aset those financial assets or financial
keuangan atau liabilitas keuangan liabilities not measured at fair value
tidak diukur pada nilai wajar melalui through profit or loss. The fair value
laba rugi. Nilai wajar tersebut includes directly attributable
ditambah/dikurangkan biaya transaksi transaction costs. The subsequent
yang dapat diatribusikan secara measurement of financial assets and
langsung. Pengukuran aset keuangan liabilities depends on their
dan liabilitas keuangan setelah classification.
pengakuan awal tergantung pada
klasifikasinya.
Biaya transaksi hanya meliputi biaya-biaya Transaction costs only include costs that
yang dapat diatribusikan secara langsung are directly attributable to the acquisition
untuk perolehan suatu aset keuangan atau of a financial asset or issuance of a
penerbitan suatu liabilitas keuangan dan financial liability and an additional charge
merupakan biaya tambahan yang tidak that would not occur if the instrument is
akan terjadi apabila instrumen keuangan not acquired or issued. For financial
tersebut tidak diperoleh atau diterbitkan. assets, transaction costs are added to the
Untuk aset keuangan, biaya transaksi amount recognized in the initial
ditambahkan pada jumlah yang diakui recognition of the asset, while for financial
pada awal pengakuan aset, sedangkan liabilities, transaction costs are deducted
untuk liabilitas keuangan, biaya transaksi from the amount of debt recognized on
dikurangkan dari jumlah utang yang diakui initial recognition of a liability.
pada pengakuan awal liabilitas.
Biaya transaksi tersebut diamortisasi The transaction costs are amortized over
selama umur instrumen berdasarkan the terms of the instrument based on the
metode suku bunga efektif dan dicatat effective interest rate method and
sebagai bagian dari pendapatan bunga recorded as part of interest income for
untuk biaya transaksi sehubungan dengan transaction costs related to the financial
aset keuangan atau sebagai bagian dari asset or as part of interest expense for
beban bunga untuk biaya transaksi transaction costs related to financial
sehubungan dengan liabilitas keuangan. liabilities.
43
Page 679
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(ii) Pengakuan awal (lanjutan) (ii) Initial recognition (continued)
Grup pada pengakuan awal, dapat The Group, upon initial recognition, may
menetapkan aset keuangan dan liabilitas designate certain financial assets and
keuangan tertentu sebagai nilai wajar liabilities, at fair value through profit or
melalui laba rugi (opsi nilai wajar). Opsi loss (fair value option). The fair value
nilai wajar dapat digunakan hanya bila option is only applied when the following
memenuhi ketetapan sebagai berikut: conditions are met:
Penetapan sebagai opsi nilai wajar The determination of the fair value
mengurangi atau mengeliminasi ketidak- option reduces or eliminates an
konsistenan pengukuran dan accounting mismatch that would
pengakuan yang dapat timbul; atau otherwise arise; or
Aset keuangan dan liabilitas keuangan The financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
Aset keuangan dan liabilitas keuangan The financial assets and liabilities
terdiri dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan. embedded derivative that must be
bifurcated.
Opsi nilai wajar digunakan untuk kredit The fair value option is applied to certain
yang diberikan dan piutang tertentu yang loans and receivables that are hedged
dilindung nilai menggunakan credit with credit derivatives or interest rate spot,
derivatives atau spot suku bunga, namun but does not meet the criteria for hedge
tidak memenuhi kriteria untuk akuntansi accounting. Otherwise, the loans would be
lindung nilai. Jika tidak, kredit yang recorded at amortized cost, while the
diberikan akan dicatat menggunakan biaya derivatives are measured at fair value
perolehan diamortisasi dan derivatif akan through profit or loss.
diukur menggunakan nilai wajar melalui
laba rugi.
Opsi nilai wajar juga digunakan untuk dana The fair value option is also applied to
investasi yang merupakan bagian dari investment funds that are part of a
portofolio yang dikelola dengan basis nilai portfolio managed on a fair value basis.
wajar. Opsi nilai wajar juga digunakan Furthermore, the fair value option is
untuk structured investment termasuk applied to structured investments that
derivatif melekat. include embedded derivatives.
44
Page 680
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement
Aset keuangan dalam kelompok nilai wajar Fair value through other comprehensive
melalui penghasilan komprehensif lain dan income financial assets and financial
aset keuangan dan liabilitas keuangan assets and liabilities measured at fair
yang diukur pada nilai wajar melalui laba value through profit or loss are
rugi diukur pada nilai wajarnya. subsequently measured at fair value.
Aset dan liabilitas keuangan lainnya yang Assets and other financial liabilities which
diukur pada biaya perolehan amortisasi, are measured at amortized cost, are
diukur pada biaya perolehan amortisasi measured at amortized cost using the
dengan menggunakan metode suku bunga effective interest method.
efektif.
(iv) Penghentian pengakuan (iv) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: when:
- Hak kontraktual atas arus kas yang - The contractual rights to receive
berasal dari aset keuangan cash flows from the financial assets
tersebut berakhir; atau have expired; or
- Grup telah mentransfer hak-nya - The Group has transferred its rights
untuk menerima arus kas yang to receive cash flows arising from
berasal dari aset keuangan atau the financial assets or has assumed
menanggung liabilitas untuk an obligation to pay the cash flows
membayarkan arus kas yang in full without significant delay to a
diterima tersebut secara penuh third party under a pass-through
tanpa penundaan berarti arrangement and either (a) the
kepada pihak ketiga di bawah Group has transferred substantially
kesepakatan pelepasan, dan all the risks and rewards of the
antara (a) Grup telah mentransfer asset, or (b) the Group has neither
secara substansial seluruh risiko transferred nor retained
dan manfaat atas aset, atau (b) substantially all the risks and
Grup tidak mentransfer maupun rewards of the asset, but has
tidak memiliki secara substansial transferred the control of the asset.
seluruh risiko dan manfaat atas
aset, namun telah mentransfer
pengendalian atas aset.
Ketika Grup telah mentransfer hak When the Group has transferred its
untuk menerima arus kas dari aset rights to receive cash flows from an
atau telah memasuki pass through asset or has entered into a pass-
arrangement dan tidak mentransfer through arrangement and has
serta tidak mempertahankan neither transferred nor retained
secara substansial seluruh risiko substantially all the risks and
dan manfaat atas aset atau tidak rewards of the asset nor
mentransfer kendali atas aset, transferred control of the asset, the
aset diakui sebesar keterlibatan asset is recognized to the extent of
Grup yang berkelanjutan atas aset the Group’s continuing
tersebut. involvement in the asset.
45
Page 681
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(iv) Penghentian pengakuan (lanjutan) (iv) Derecognition (continued)
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: (lanjutan) when: (continued)
Kredit yang diberikan atau aset Loans or other financial assets are
keuangan lain dihapusbukukan ketika written off when there is no realistic
tidak terdapat prospek yang realistis prospect of collection in the near
mengenai pengembalian kredit dalam future or the normal relationship
waktu dekat atau hubungan normal between the Group and the borrowers
antara Grup dan debitur telah has ceased to exist. When a loan is
berakhir. Kredit yang tidak dapat deemed uncollectible, it is written off
dilunasi, dihapusbukukan dengan against the related allowance for
mendebit cadangan kerugian impairment losses. Subsequent
penurunan nilai. Penerimaan recoveries from loans previously
kemudian atas kredit yang telah written off, are added to the allowance
dihapusbukukan sebelumnya, jika for impairment losses account in the
pada periode berjalan dikreditkan ke statement of consolidated financial
dalam akun cadangan kerugian position, if recovered in the current
penurunan nilai atas kredit yang year and are recognized in the
diberikan di laporan posisi keuangan consolidated statement of profit or
konsolidasian, sedangkan jika setelah loss and comprehensive income as
tanggal laporan posisi keuangan other operating income, if recovered
dikreditkan sebagai pendapatan after the consolidated statement of
operasional lainnya dalam laporan financial position dates.
laba rugi dan penghasilan
komprehensif lain konsolidasian.
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized
pengakuannya jika liabilitas keuangan when they are extinguished, i.e.,
tersebut berakhir, yaitu ketika liabilitas liabilities stated in the contract are
yang ditetapkan dalam kontrak discharged, cancelled, or expired.
dilepaskan, dibatalkan, atau
kadaluwarsa.
Jika suatu liabilitas keuangan yang Where an existing financial liability is
ada digantikan dengan yang lain oleh replaced by another from the same
pemberi pinjaman yang sama pada lender on substantially different terms,
keadaan yang secara substansial or the terms of an existing liability are
berbeda, atau berdasarkan suatu substantially modified, such an
liabilitas yang ada yang secara exchange or modification is treated as
substansial telah diubah, seperti derecognition of the original liability
pertukaran atau modifikasi yang and the recognition of a new liability,
diperlakukan sebagai penghentian and the difference in the respective
pengakuan liabilitas awal dan carrying amounts is recognized in the
pengakuan liabilitas baru dan consolidated statement of profit or loss
perbedaan nilai tercatat masing- and other comprehensive income.
masing diakui dalam laporan laba rugi
dan penghasilan komprehensif lain
konsolidasian.
46
Page 682
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(v) Modifikasi atas Arus Kas Aset Keuangan (v) Modifications to Cash Flow of Financial
Assets
Penilaian apakah suatu aset keuangan An assessment of whether a financial asset
telah dimodifikasi baik secara substansial has been modified substantially or not
maupun tidak substansial dilakukan oleh substantially is carried out by a business
unit bisnis yang berwenang melakukan unit authorized to modify or restructure
modifikasi atau restrukturisasi aset financial assets when the business unit
keuangan pada saat unit bisnis tersebut carries out modification or restructuring of
melakukan tindakan modifikasi atau a financial asset.
restrukturisasi atas suatu aset keuangan.
Modifikasi aset keuangan dianggap Modifications to financial assets are
substansial dan Grup akan berhenti considered substantial and the Group will
mengakui aset keuangan awal ketika: stop recognizing the original financial
assets when:
a. Aset keuangan (atau bagiannya) a. The financial asset (or part thereof)
berakhir, yaitu jika debitur secara expires, that is, if the debtor is legally
hukum dibebaskan dari tanggung released from primary responsibility
jawab utama atas aset tersebut (atau for the asset (or part thereof), either
bagiannya), baik melalui proses hukum through legal process or by the
maupun oleh kreditur pembuatan creditor entering into a new credit
kontrak kredit baru (sebagai contoh, contract (for example, the equity
opsi equity conversion); atau conversion option); or
b. Terdapat konversi mata uang. Grup b. Currency conversion. The Group will
kemudian akan mengukur aset then measure the modified financial
keuangan yang telah dimodifikasi baik assets either substantially or not
secara substansial maupun tidak substantially in the following manner:
substansial dengan cara berikut:
47
Page 683
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(v) Modifikasi atas Arus Kas Aset Keuangan (v) Modifications to Cash Flow of Financial
(lanjutan) Assets (continued)
a. Modifikasi Aset Keuangan yang a. Substantial Modification of Financial
Substansial: Assets:
1. Saat arus kas kontraktual atas aset 1. When the contractual cash flows
keuangan direnegosiasi atau on a financial asset are
dimodifikasi (antara lain ketika kredit renegotiated or modified (for
direstrukturisasi) dimana example, when a credit is
renegosiasi atau modifikasi tersebut restructured) where the
menghasilkan penghentian renegotiation or modification
pengakuan aset keuangan, Grup results in derecognition of the
akan mencatat aset keuangan financial asset, the Group will
tersebut sebagai aset keuangan record the financial asset as a
baru/modifikasian pada tanggal new/modified financial asset at
modifikasi/negosiasi. the modification/negotiation
date.
2. Selisih jumlah tercatat bruto aset 2. The difference between the gross
keuangan awal dengan nilai wajar carrying amount of the original
aset modifikasian diakui di laba rugi. financial asset and the fair value
of the modified asset is
recognized in profit or loss.
3. Pendapatan atau biaya transaksi 3. Income or costs incurred in
yang terjadi sehubungan dengan connection with a modification
kejadian modifikasi diakui sebagai event are recognized as part of
bagian dari keuntungan atau the gain or loss on the
kerugian atas modifikasi tersebut. modification.
4. Selanjutnya, Grup melakukan 4. Subsequently, the Group
penilaian apakah aset keuangan assesses whether the
baru/modifikasian merupakan aset new/modified financial assets
yang berasal dari aset keuangan are those that arise from
memburuk. deteriorating financial assets.
5. Pengakuan pendapatan bunga atas 5. Recognition of interest income
aset yang berasal dari aset on assets originating from
keuangan memburuk ditentukan deteriorating financial assets is
berdasarkan suku bunga efektif determined based on the risk-
yang telah disesuaikan dengan adjusted effective interest rate to
risiko kredit (risk-adjusted effective discount the cash flows of
interest rate) untuk mendiskontokan modified financial assets.
arus kas aset keuangan yang telah
dimodifikasi.
48
Page 684
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(v) Modifikasi atas Arus Kas Aset Keuangan (v) Modifications to Cash Flow of Financial
(lanjutan) Assets (continued)
a. Modifikasi Aset Keuangan yang Tidak a. Non-Substantial Modification of
Substansial: Financial Assets:
1. Saat Grup melakukan renegosiasi 1. When the Group renegotiates or
atau modifikasi arus kas kontraktual modifies contractual cash flows for
atas aset keuangan (antara lain financial assets (among others
ketika kredit direstrukturisasi) yang when credit is restructured) that do
tidak memenuhi kriteria modifikasi not meet the criteria for substantial
aset keuangan yang substansial di modification of financial assets
atas, maka renegosiasi atau above, the renegotiation or
modifikasi tersebut tidak modification does not result in
menghasilkan penghentian derecognition of financial assets.
pengakuan aset keuangan.
2. Jumlah tercatat bruto aset keuangan 2. The gross carrying amount of
dihitung sebesar nilai kini (net financial assets is computed at the
present value) dari arus kas net present value of modified or
kontraktual yang telah dimodifikasi renegotiated contractual cash
atau direnegosiasi yang flows discounted at the original
didiskontokan menggunakan suku effective interest rate.
bunga efektif awal.
3. Grup kemudian mengakui 3. The Group then recognizes the
keuntungan atau kerugian dari gain or loss from the modification
modifikasi (yaitu sebesar perubahan (i.e. the change in the gross
jumlah tercatat bruto aset keuangan) carrying amount of the financial
dalam laporan laba rugi. asset) in the profit or loss.
4. Pendapatan atau biaya transaksi 4. Transaction income or costs
yang terjadi sehubungan dengan incurred in connection with a
kejadian modifikasi diakui sebagai modification event are recognized
penyesuaian terhadap jumlah as an adjustment to the carrying
tercatat aset keuangan yang telah amount of the modified financial
dimodifikasi dan diamortisasi asset and amortized over the
selama sisa jangka waktu aset remaining term of the modified
keuangan modifikasian tersebut financial asset.
49
Page 685
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(vi) Pengakuan pendapatan dan beban (vi) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset keuangan yang diukur pada nilai financial assets measured at fair value
wajar melalui penghasilan through other comprehensive income
komprehensif lain serta aset keuangan as well as financial assets and
dan liabilitas keuangan yang dicatat financial liabilities recorded at
berdasarkan biaya perolehan amortized cost are recognized in the
diamortisasi, diakui pada laporan laba statement of profit or loss using the
rugi dengan menggunakan metode effective interest method.
suku bunga efektif.
Jumlah tercatat bruto aset keuangan The gross carrying amount of a
adalah biaya perolehan diamortisasi financial asset is the amortized cost of
aset keuangan sebelum disesuaikan a financial asset before adjusting for
dengan cadangan penurunan nilai. allowance for impairment.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat bunga efektif expenses, the effective interest rate is
diterapkan pada jumlah tercatat bruto applied to the gross carrying amount
aset (ketika aset tersebut bukan aset of an asset (when the asset is not a
keuangan memburuk) atau terhadap deteriorated financial asset) or to the
biaya perolehan diamortisasi dari amortized cost of a liability.
liabilitas.
Untuk aset keuangan yang memburuk For financial assets that deteriorated
setelah pengakuan awal, pendapatan after initial recognition, interest income
bunga dihitung dengan menerapkan is calculated by applying an effective
tingkat bunga efektif terhadap biaya interest rate to the amortized cost of
perolehan diamortisasi dari aset the financial assets. If the asset no
keuangan tersebut. Jika aset tersebut longer deteriorates, the calculation of
tidak lagi memburuk, maka interest income will be calculated by
perhitungan pendapatan bunga akan applying an effective interest rate to
dihitung dengan menerapkan tingkat the gross carrying amount of the
bunga efektif terhadap nilai tercatat financial asset.
bruto dari aset keuangan tersebut.
Untuk aset keuangan yang telah For financial assets that have
memburuk pada saat pengakuan deteriorated at initial recognition,
awal, pendapatan bunga dihitung interest income is calculated by
dengan menerapkan tingkat bunga applying the effective interest rate to
efektif terhadap biaya perolehan the amortized cost of the financial
diamortisasi dari aset keuangan assets. If the asset no longer
tersebut. Jika aset tersebut tidak lagi deteriorates, the calculation of interest
memburuk, maka perhitungan income will still be calculated by
pendapatan bunga akan tetap dihitung applying the effective interest rate to
dengan menerapkan tingkat bunga the amortized cost of the financial
efektif terhadap biaya perolehan asset.
diamortisasi dari aset keuangan
tersebut.
50
Page 686
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(vi) Pengakuan pendapatan dan beban (vi) Income and expense recognition
(lanjutan) (continued)
b. Keuntungan dan kerugian atas aset b. Gain and losses on financial assets
keuangan (yaitu: instrumen utang (which is debt instrument hold by
yang dimiliki oleh Grup yang diukur Group) measured at fair value through
pada nilai wajar melalui penghasilan other comprehensive income
komprehensif lain (FVTOCI) diakui (FVTOCI) are recognized at other
dalam penghasilan komprehensif lain, comprehensive income, except
kecuali untuk kerugian penurunan losses on impairment, until those
nilai, sampai aset keuangan tersebut financial instrument derecognized,
dihentikan pengakuannya, unrealized gain and losses record on
keuntungan atau kerugian kumulatif other comprehensive income
yang telah diakui sebelumnya dalam reclassified from equity to profit and
penghasilan komprehensif lain loss as reclassification adjustment.
direklasifikasi dari ekuitas ke laba rugi
sebagai penyesuaian reklasifikasi.
Keuntungan dan kerugian atas aset Gain and losses on financial assets or
keuangan atau liabilitas keuangan financial liabilities measured at fair
yang diukur pada nilai wajar melalui value through profit or loss (FVTPL)
laba rugi (FVTPL) diakui dalam are recognized at statement of profit
laporan laba rugi, kecuali: or loss, except:
Bagian dari hubungan lindung Part of a hedging relationship;
nilai;
Investasi dalam instrumen Investments in equity
ekuitas dan Grup telah memilih instruments and the Group has
untuk menyajikan keuntungan chosen to present gains and
dan kerugian atas investasi losses on investment in other
dalam penghasilan comprehensive income;
komprehensif lain;
Liabilitas keuangan yang Financial liabilities determined to
ditetapkan untuk diukur pada be measured at fair value
nilai wajar melalui laba rugi dan through profit or loss and the
Grup disyaratkan untuk Group is required to present the
menyajikan dampak dari impact of changes in credit risk
perubahan risiko kredit liabilitas liabilities in other comprehensive
dalam penghasilan income;
komprehensif lain;
Aset keuangan yang diukur pada Financial assets measured at fair
nilai wajar melalui penghasilan value through other
komprehensif lain dan Grup comprehensive income and the
disyaratkan untuk mengakui Group is required to recognize
sebagian perubahan nilai wajar some changes in fair value in the
dalam penghasilan other comprehensive income.
komprehensif lain.
51
Page 687
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(vi) Pengakuan pendapatan dan beban (vi) Income and expense recognition
(lanjutan) (continued)
Keuntungan atau kerugian atas aset Gain or losses on financial assets
keuangan yang diukur pada biaya measured at amortized cost and not part
perolehan amortisasi dan bukan of a hedging relationship are recognized in
merupakan bagian dari suatu hubungan the statement of profit or loss when the
lindung nilai diakui pada laporan laba financial assets are derecognized,
rugi ketika aset keuangan dihentikan reclassified, through the amortization
pengakuannya, direklasifikasi, melalui process or in order to recognize
proses amortisasi atau dalam rangka impairment gains or losses.
mengakui keuntungan atau kerugian
penurunan nilai.
Keuntungan atau kerugian dari liabilitas Gain or losses on liabilities instrument
keuangan yang diukur pada biaya measured at amortized cost and not part
perolehan amortisasi dan bukan of a hedging relationship are recognized in
merupakan bagian dari suatu hubungan the statement of profit or loss when
lindung nilai diakui dalam laporan laba liabilities instrument are derecognized and
rugi ketika liabilitas keuangan dihentikan through amortization processed.
pengakuannya dan melalui proses
amortisasi.
(vii) Reklasifikasi aset keuangan (vii) Reclassification of financial assets
Reklasifikasi aset keuangan Reclassification of financial assets is
diperbolehkan jika dan hanya jika terjadi permissible when and only when there is
perubahan dalam model bisnis untuk change in business model for managing
mengelola aset keuangan. financial assets.
Jika Grup mereklasifikasi aset keuangan If the Grup reclassifies financial assets in
sesuai dengan ketentuan di atas, Grup accordance with the above conditions,
menerapkan reklasifikasi secara the Group applies prospective
prospektif dari tanggal reklasifikasi. Grup reclassification from the date of
tidak menyajikan kembali keuntungan, reclassification. The Group does not
kerugian (termasuk keuntungan atau restate gains, losses (including
kerugian penurunan nilai), atau bunga impairment gains or losses), or previously
yang diakui sebelumnya. recognized interest.
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair value
diamortisasi ke klasifikasi nilai wajar through profit or loss are recorded at fair
melalui laba rugi dicatat sebesar nilai value. The difference between the
wajarnya. Selisih antara nilai tercatat recorded value and fair value is
dengan nilai wajar diakui sebagai recognized in profit or loss on the
keuntungan atau kerugian pada laba statement of profit or loss and other
rugi. comprehensive income.
52
Page 688
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(vii) Reklasifikasi aset keuangan (lanjutan) (vii) Reclassification of financial assets
(continued)
Reklasifikasi aset keuangan dari klasifikasi Reclassifications of financial assets from
biaya perolehan yang diamortisasi ke amortized cost classifications to fair value
klasifikasi nilai wajar melalui penghasilan classifications through other
komprehensif lain dicatat sebesar nilai comprehensive are recorded at their fair
wajarnya. values.
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from fair
nilai wajar melalui penghasilan value classification through other
komprehensif lain ke klasifikasi nilai wajar comprehensive income to fair value
melalui laba rugi dicatat pada wajar. classification through profit or loss is
Keuntungan atau kerugian yang belum recorded at fair value. Unrealized gains or
direalisasi direklasifikasi ke laba rugi. losses are reclassified to profit or loss.
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from fair
nilai wajar melalui penghasilan value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat pada cost classification is recorded at carrying
nilai tercatat. Keuntungan atau kerugian value. Unrealized gains or losses is
yang belum direalisasi dihapus dari ekuitas removed from equity and is adjusted
dan disesuaikan terhadap nilai wajar. against the fair value.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications on financial assets from
nilai wajar melalui laba rugi ke klasifikasi fair value classification through profit or
nilai wajar melalui penghasilan loss to fair value classification through
komprehensif lain dicatat pada wajar. other comprehensive income are recorded
at fair value.
Reklasifikasi aset keuangan dari kelompok Reclassification of financial assets from
dimiliki hingga jatuh tempo ke kelompok held-to-maturity to available-for-sale
tersedia untuk dijual dicatat sebesar nilai category is recorded at fair value.
wajarnya. Keuntungan atau kerugian yang Unrealized gains or losses are reported in
belum direalisasi tetap dilaporkan dalam equity and are amortized using effective
ekuitas dan diamortisasi menggunakan interest method over the remaining life of
metode suku bunga efektif selama sisa the financial assets.
umur aset keuangan tersebut.
(viii) Saling hapus (viii) Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
dilakukan saling hapus dan nilai bersihnya and the net amount is presented in the
disajikan dalam laporan posisi keuangan statement of financial position when, and
jika, dan hanya jika Grup memiliki hak yang only when, the Group has a legal right to
berkekuatan hukum untuk melakukan offset the amounts and intends either to
saling hapus atas jumlah yang telah diakui settle on a net basis or to realize the asset
tersebut dan adanya maksud untuk and settle the liability simultaneously.
menyelesaikan secara neto atau untuk
merealisasikan aset dan menyelesaikan
liabilitasnya secara simultan.
53
Page 689
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(viii) Saling hapus (lanjutan) (viii) Offsetting (continued)
Hal yang berkekuatan hukum harus tidak The legally enforceable right must not be,
kontinjen atas peristiwa di masa depan dan contingent on future events and must be
harus dapat dipaksakan di dalam situasi enforceable in the normal course of
bisnis yang normal, peristiwa kegagalan business and in the event of default,
atau kebangkrutan dari entitas atas seluruh insolvency or bankruptcy of the company
pihak lawan. or the counterparty.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah neto hanya jika diperkenankan oleh net basis only when permitted by the
Standar Akuntansi Keuangan. Financial Accounting Standards.
(ix) Pengukuran nilai wajar (ix) Fair value measurement
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to transfer
harga yang akan dibayar untuk a liability in an orderly transaction between
mengalihkan suatu liabilitas dalam market participants at the measurement
transaksi teratur antara pelaku pasar pada date.
tanggal pengukuran.
Pengukuran nilai wajar mengasumsikan Fair value measurement assumes the
bahwa transaksi untuk menjual aset atau transaction to sell assets or transfer
mengalihkan liabilitas terjadi: liabilities occurs:
- Di pasar utama untuk aset dan - In the primary market for such assets
liabilitas tersebut; atau and liabilities; or
- Jika tidak terdapat pasar utama, - If there is no primary market, in the
dipasar yang paling menguntungkan most profitable market for these
untuk aset atau liabilitas tersebut. assets or liabilities.
Nilai wajar suatu aset atau liabilitas diukur The fair value of an asset or liability is
menggunakan asumsi yang akan measured using the assumptions that
digunakan pelaku pasar ketika would be use by market participants in
menentukan harga aset dan liabilitas determining the price of the asset and the
tersebut dengan asumsi bahwa pelaku liability assuming that market participants
pasar bertindak dalam kepentingan act in their best economic interests.
ekonomik terbaiknya.
Pengukuran nilai wajar aset non keuangan The measurement of the fair value of non-
memperhitungkan kemampuan pelaku financial assets takes into account the
pasar untuk menghasilkan manfaat ability of market participants to generate
ekonomik dengan menggunakan aset economic benefits by using the asset in
dalam penggunaan tertinggi dan the highest and best use or by selling them
terbaiknya atau dengan menjualnya to other market participants that would use
kepada pelaku pasar lain yang akan the asset in the highest and best use.
menggunakan aset tersebut dalam
penggunaan tertinggi dan terbaiknya.
54
Page 690
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Grup menggunakan teknik penilaian yang Group uses suitable valuation techniques
sesuai dalam keadaan dan dimana data in the circumstances and where sufficient
yang memadai tersedia untuk mengukur data are available to measure fair value,
nilai wajar, mengoptimalkan penggunaan optimizing the use of relevant observable
input yang dapat diobservasi yang relevan inputs and minimize the use of inputs that
dan meminimalkan penggunaan input yang are not observable.
tidak dapat diobservasi.
Semua aset dan liabilitas dimana nilai All assets and liabilities which fair value is
wajar diukur atau diungkapkan dalam measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements can be classified in fair value
pada level hirarki nilai wajar, berdasarkan hierarchy levels, based on the lowest level
tingkatan input terendah yang signifikan of input that is significant to the overall fair
atas pengukuran nilai wajar secara value measurement:
keseluruhan:
- Tingkat 1 : harga kuotasian (tanpa - Level 1 : quoted prices (unadjusted) in
penyesuaian) di pasar aktif untuk aset active markets for identical assets or
atau liabilitas yang identik yang dapat liabilities which are accessible at the
diakses pada tanggal pengukuran. measurement date.
- Tingkat 2 : input selain harga - Level 2 : inputs other than quoted prices
kuotasian yang termasuk dalam level 1 included in level 1 that are observable
yang dapat diobservasi untuk aset dan for the assets and liabilities, either
liabilitas, baik secara langsung atau directly or indirectly.
tidak langsung.
- Tingkat 3 : input yang tidak dapat - Level 3 : inputs that are not observable
diobservasi untuk aset dan liabilitas. for the assets and liabilities.
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are
laporan keuangan secara berulang, Grup recognized in the financial statements on
menentukan apakah terjadi transfer antara recurring basis, the Group determines
level di dalam hirarki dengan cara whether there is a transfer between levels
mengevaluasi kategori (berdasarkan input in the hierarchy by evaluating categories
level terendah yang signifikan dalam (based on the lowest level input that is
pengukuran nilai wajar) setiap akhir significant to the fair value measurement)
periode pelaporan. at the end of each reporting period.
Grup, untuk tujuan pengungkapan nilai The Group, for purposes of disclosing the
wajar, telah menentukan kelas aset dan fair value, has determined the classes of
liabilitas berdasarkan sifat, karakteristik, assets and liabilities based on the nature,
risiko aset dan liabilitas, dan level hirarki characteristics, risk of assets and liabilities,
nilai wajar (Catatan 48). and the fair value hierarchy levels
(Note 48).
55
Page 691
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(x) Pengukuran biaya perolehan diamortisasi (x) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial asset or
keuangan atau liabilitas keuangan adalah liability is the amount at which the financial
jumlah aset keuangan atau liabilitas asset or liability is measured at initial
keuangan yang diukur pada saat recognition, minus principal repayments,
pengakuan awal dikurangi pembayaran plus or minus the cumulative amortization
pokok pinjaman, ditambah atau dikurangi using the effective interest method of any
amortisasi kumulatif menggunakan metode difference between the initial amount
suku bunga efektif yang dihitung dari recognized and the maturity amount,
selisih antara nilai pengakuan awal dan minus any reduction for impairment.
nilai jatuh temponya dan dikurangi
penurunan nilai.
(xi) Aset keuangan sukuk (xi) Sukuk Financial Asset
Berdasarkan PSAK No. 410 (Revisi 2015), In accordance with SFAS No. 410
Grup menentukan investasi pada sukuk (Revised 2015), the Group determines the
ijarah dan mudharabah sebagai diukur classification of investments in sukuk
pada biaya perolehan, diukur pada nilai ijarah and mudharabah either measured
wajar melalui penghasilan komprehensif at cost, fair value through other
lain atau diukur pada nilai wajar melalui comprehensive income or fair value
laba rugi. through profit or loss.
Klasifikasi sukuk adalah sebagai berikut: Sukuk classifications are as follows:
a. Diukur pada biaya perolehan a. Measured at cost
Investasi tersebut dimiliki dalam The investment is held in a
suatu model usaha yang business model whereby the
bertujuan utama untuk primary goal is to obtain
memperoleh arus kas kontraktual contractual cash flows and has
dan terdapat persyaratan contractual terms in determining
kontraktual dalam menentukan the specific date of principal
tanggal tertentu atas pembayaran payments and or the results.
pokok dan atau hasilnya.
Biaya perolehan sukuk termasuk Sukuk acquisition cost includes
biaya transaksi dan selisih antara transaction cost and difference
biaya perolehan dan nilai nominal between the acquisition cost and
diamortisasi secara garis lurus the nominal value is amortized on
selama jangka waktu sukuk dan a straight-line basis over the period
diakui dalam laba rugi. of the sukuk and recognized to
profit or loss.
56
Page 692
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
e. Aset keuangan dan liabilitas keuangan e. Financial assets and liabilities (continued)
(lanjutan)
(xi) Aset keuangan sukuk (lanjutan) (xi) Sukuk Financial Asset (continued)
Klasifikasi sukuk adalah sebagai berikut: Sukuk classifications are as follows:
(lanjutan) (continued)
b. Diukur pada nilai wajar melalui b. Measured at fair value through other
penghasilan komprehensif lain comprehensive income
Investasi tersebut dimiliki dalam The investment is held in a
suatu model usaha yang business model whereby the
bertujuan utama untuk primary goal is to obtain
memperoleh arus kas kontraktual contractual cash flows and sell
dan melakukan penjualan sukuk, sukuk, has contractual terms in
terdapat persyaratan kontraktual determining the specific date of
dalam menentukan tanggal principal payments and or the
tertentu atas pembayaran pokok results.
dan atau hasilnya.
Biaya perolehan sukuk termasuk Sukuk acquisition cost includes
biaya transaksi dan selisih antara transaction cost and difference
biaya perolehan dan nilai nominal between the acquisition cost and
diamortisasi secara garis lurus the nominal value is amortized on
selama jangka waktu sukuk dan a straight-line basis over the period
diakui dalam laba rugi. of the sukuk and recognized to
profit or loss.
Keuntungan atau kerugian dari Gain or loss from changes of fair
perubahan nilai wajar diakui value is recognized in other
dalam penghasilan komprehensif comprehensive income after
lain setelah memperhitungkan considering unamortized difference
saldo selisih biaya perolehan dan of acquisition cost and nominal
nilai nominal yang belum value and accumulated gain or loss
diamortisasi dan saldo akumulasi of fair value which has previously
keuntungan atau kerugian nilai recognized in other comprehensive
wajar yang telah diakui dalam income. When sukuk is
penghasilan komprehensif lain derecognized, accumulated gain or
sebelumnya. Ketika investasi loss which has previously
sukuk dihentikan pengakuannya, recognized in other comprehensive
akumulasi keuntungan atau income is reclassified to profit or
kerugian yang sebelumnya diakui loss.
dalam penghasilan komprehensif
lain direklasifikasi ke laba rugi.
c. Diukur pada nilai wajar melalui laba c. Measured at fair value through profit
rugi or loss
Biaya perolehan sukuk tidak termasuk Sukuk acquisition cost excludes
biaya transaksi, dan selisih antara nilai transaction cost and the difference
wajar dan jumlah tercatat diakui dalam between fair value and the carrying
laba rugi. value is recognized in profit or loss.
57
Page 693
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan financial assets
Pada setiap tanggal pelaporan, Bank At reporting date, the Bank calculates expected
menghitung kerugian kredit ekspektasian credit loss based on estimated 12 months. If
berdasarkan estimasi 12 bulan. Jika terjadi there is a significant increase in credit risk since
kenaikan risiko kredit yang signifikan sejak initial recognition, the estimated expected credit
pengakuan awal maka estimasi kerugian kredit loss will be calculated throughout the life of the
ekspektasian akan dihitung sepanjang umur contract.
kontrak.
Kerugian kredit ekspektasian merupakan Expected credit losses are estimated weighted
estimasi probabilitas tertimbang dari kerugian probabilities of credit losses (is the present
kredit (yaitu nilai kini dari seluruh kekurangan value of all cash shortages) over the estimated
kas) selama perkiraan umur instrumen life of the financial instrument. Cash shortages
keuangan. Kekurangan kas adalah selisih are the difference between the cash flows owed
antara arus kas yang terutang kepada Grup to the Group in accordance with the contract
sesuai dengan kontrak dan arus kas yang and the cash flows that are expected to be
diperkirakan akan diterima oleh Grup. received by the Group.
Bank menetapkan definisi peningkatan risiko The Bank has determined the definition of
kredit instrumen keuangan secara signifikan a significant increase in credit risk of financial
sejak pengakuan awal sebagai berikut: instruments since initial recognition as follows:
Sesuai dengan praduga (rebuttable In accordance with presumption
presumption) PSAK No. 109, yaitu ketika (rebuttable presumption) SFAS No. 109,
pembayaran kontraktual tertunggak lebih i.e. when contractual payments are
dari 30 hari; atau overdue for more than 30 days; or
Ketika terjadi restrukturisasi aset When there is a restructuring of financial
keuangan yang disebabkan oleh assets caused by increased credit risk.
peningkatan risiko kredit.
Bank menerapkan definisi gagal bayar The Bank applies a definition of default
(stage 3) yang konsisten dengan definisi yang (stage 3) that is consistent with the definition
digunakan untuk tujuan manajemen risiko used for internal credit risk management for
kredit internal untuk instrumen keuangan yang relevant financial instruments, namely:
relevan, yaitu:
Ketika instrumen keuangan telah When financial instruments are in 90 days
menunggak 90 hari; atau in arrears; or
Telah berada pada kolektibilitas Is in BI collectibility 3, 4, or 5.
BI 3, 4, atau 5.
58
Page 694
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
Bank mengelompokkan aset keuangan dibeli The Bank classifies purchased or originated
dari aset keuangan memburuk apabila: credit-impaired financial asset if:
Hilangnya pasar aktif dari aset keuangan; Loss of an active market from financial
dan assets; and
Pembelian dengan diskon sangat besar. Purchases with very large discounts.
Pihak peminjam dinyatakan pailit; The borrower is declared bankrupt;
Terdapat perubahan dari bentuk There is a change in the form of provision
penyediaan dana, atau of funds, or
Debitur telah berada pada stage 3 dan The debtor is at stage 3 and meets one of
memenuhi salah satu kondisi berikut: the following conditions:
- Telah dilakukan restrukturisasi secara - Repeated restructuring and significant
berulang-ulang dan terjadi reach of contract; or
pelanggaran kontrak secara
signifikan; atau
- Atas restrukturisasi yang terjadi, - For the restructuring that occurs, there
terdapat selisih negatif lebih dari 20% is a negative difference of more than
atas nilai kini arus kas masa depan 20% of the present value of future
(yang didiskontokan menggunakan cash flows (discounted using the initial
suku bunga efektif awal) antara effective interest rate) between the
persyaratan awal dan persyaratan initial terms and the terms of the
restrukturisasi. restructuring.
Bank melakukan penurunan nilai secara The Bank is impaired individually or collectively
individu atau kolektif dengan by considering all reasonable and supported
mempertimbangkan semua informasi yang information, including forward looking
wajar dan terdukung, termasuk informasi yang information.
bersifat perkiraan masa depan.
Perhitungan cadangan kerugian penurunan Calculation of allowance for impairment losses
nilai atas aset keuangan yang dinilai secara on financial assets assessed collectively is
kolektif, berdasarkan pada karakteristik risiko grouped based on similar credit risk
kredit yang sama dengan mempertimbangkan characteristics and taking into account the loan
segmentasi kredit berdasarkan permodelan segmentation based on future loss model.
kerugian masa depan.
Bank menggunakan metode statistik, The Bank uses statistical method, credit rating
credit rating dan perkiraan makroekonomi and macroeconomy forecast to assess
untuk menilai cadangan kerugian penurunan allowance for impairment losses on loans.
nilai atas kredit yang diberikan.
59
Page 695
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
1. Kredit yang diberikan dan pembiayaan/piutang 1. Loans and murabahah financing receivables
murabahah
Grup dapat menetapkan debitur untuk The Group may assign debtors to be evaluated
dievaluasi secara individual apabila memenuhi individually if they meet at least one of the
minimal salah satu kriteria sebagai berikut: following criteria:
Kredit Konsumer: Consumer Credit:
1. Akun yang memenuhi kriteria sebagai 1. Accounts that meet the following criteria:
berikut:
a. Akun yang default (bucket 5) atau a. Account that defaults (bucket 5) or
restrukturisasi; dan restructured; and
b. Memiliki pokok di atas atau sama b. Has a principal of more than or equal
dengan Rp4 miliar to Rp4 billion
2. Mengalami bencana alam yang ditentukan 2. Experienced a natural disaster as
oleh Otoritas Jasa Keuangan ataupun determined by the Financial Services
instansi pemerintah dan disetujui Direksi. Authority (“OJK”) or government agency
and approved by the Board of Directors.
3. Kualitas kredit kolektibilitas 5 di atas 5 3. Credit quality collectibility of 5 over 5 (five)
(lima) tahun (minimal DPD 2006 hari) years (minimum DPD 2006 days) with the
dengan kriteria tidak ada sertifikat atau criteria of no certificate or perfect binding
belum dilakukan pengikatan sempurna (HT) except for program credit (SKMHT).
(HT) kecuali kredit program (SKMHT).
4. Hasil lelang dibawah kewajiban pokok 4. The auction proceeds under the principal
obligation
5. Terkait pemasalahan hukum dengan 5. In relation to legal issues with indications,
indikasi, antara lain: among others:
a. Sengketa agunan; atau a. Collateral dispute ; or
b. Sengketa lahan. b. Land dispute.
Dimana salah satu dari 2 (dua) sengketa Where one of the 2 (two) disputes a binding
tersebut sudah terbit ketetapan hukum legal provision has been issued and
mengikat dan menimbulkan kerugian bagi causes losses to the Group.
Grup.
6. Debitur minimal masuk bucket 4 dan 6. Debtors are at least in bucket 4 and there
terdapat minimal 2 (dua) permasalahan are at least 2 (two) problems as follows:
sebagai berikut:
a. Tempat bekerja debitur atau usaha a. The debtor's place of work or the
debitur mengalami kebangkrutan; debtor's business is bankrupt;
b. Debitur terkena PHK; b. The debtor is laid off;
c. Sertifikat belum terbit selama minimal c. The certificate has not been issued
36 bulan sejak akad kredit; for at least 36 months since the credit
agreement;
d. Rumah yang menjadi agunan tidak d. The house that became the collateral
selesai atau terbengkalai; was not finished or was abandoned;
e. Pembayaran angsuran dilakukan oleh e. Installment payments are made by
pihak ketiga yang tidak terafiliasi oleh a third party that is not affiliated with
debitur; the debtor;
60
Page 696
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
1. Kredit yang diberikan dan pembiayaan/piutang 1. Loans and murabahah financing receivables
murabahah (lanjutan) (continued)
Grup dapat menetapkan debitur untuk The Group may assign debtors to be evaluated
dievaluasi secara individual apabila memenuhi individually if they meet at least one of the
minimal salah satu kriteria sebagai berikut: following criteria: (continued)
(lanjutan)
Kredit Konsumer: (lanjutan) Consumer Credit: (continued)
6. Debitur minimal masuk bucket 4 dan 6. Debtors are at least in bucket 4 and there
terdapat minimal 2 (dua) permasalahan are at least 2 (two) problems as follows:
sebagai berikut: (lanjutan) (continued)
f. Debitur sudah mengalami f. The debtor has undergone
restrukturisasi minimal 2 (dua) kali; restructuring at least 2 (two) times; and
dan
g. Debitur mengalami permasalahan g. The debtor is experiencing legal
hukum. problems.
Klaim asuransi terkait kredit ditolak/ tidak Insurance claims related to credit
dibayar oleh assuradeur. rejected/not paid by the insurer.
Kredit Komersial: Commercial Credit:
1. Akun yang memenuhi kriteria sebagai 1. Accounts that meet the following criteria:
berikut:
a. Akun yang default (bucket 5) atau a. Account that defaults (bucket 5) or
restrukturisasi; dan restructured; and
b. Memiliki pokok di atas atau sama b. Has a principal of more than or equal
dengan Rp30 miliar to Rp30 billion
2. Mengalami bencana alam yang ditentukan 2. Experienced a natural disaster as
oleh Otoritas Jasa Keuangan ataupun determined by the Financial Services
instansi pemerintah dan disetujui Direksi. Authority (“OJK”) or government agency
and approved by the Board of Directors.
3. Kualitas kredit kolektibilitas 5 di atas 5 3. Credit quality collectibility of 5 over 5 (five)
(lima) tahun (minimal DPD 2006 hari) years (minimum DPD 2006 days) with the
dengan kriteria tidak ada sertifikat atau criteria of no certificate or perfect binding
belum dilakukan pengikatan sempurna (HT) except for program credit (SKMHT).
(HT) kecuali kredit program (SKMHT).
4. Terkait pemasalahan hukum dengan 4. In relation to legal issues with indications,
indikasi, antara lain: among others:
a. Sengketa pengurus; a. Management dispute;
b. Sengketa agunan; b. Collateral dispute;
c. Sengketa lahan; c. Land dispute;
d. Sengketa proyek. d. Project dispute.
Dimana salah satu dari 4 (empat) sengketa Where one of the 4 (four) disputes has
tersebut sudah terbit ketetapan hukum issued a binding legal provision and/or
mengikat dan menimbulkan kerugian bagi causes losses to the Group.
Grup.
61
Page 697
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
1. Kredit yang diberikan dan pembiayaan/piutang 1. Loans and murabahah financing receivables
murabahah (lanjutan) (continued)
Grup dapat menetapkan debitur untuk The Group may assign debtors to be evaluated
dievaluasi secara individual apabila memenuhi individually if they meet at least one of the
minimal salah satu kriteria sebagai berikut: following criteria: (continued)
(lanjutan)
Kredit Komersial: (lanjutan) Commercial Credit: (continued)
5. Dalam hal penetapan kolektibilitas 5. In the case of collectability using the 3
menggunakan konsep 3 (tiga) pilar maka (three) pillar concept, the individual
kriteria individual assessment dapat assessment criteria can be determined
ditetapkan dengan kriteria: minimal masuk with the following criteria: at least entering
bucket 4 (hari tunggakan 61 hari) dan bucket 4 (days arrears 61 days) and there
terdapat minimal 2 (dua) dari 3 (tiga) are at least 2 (two) out of 3 (three)
permasalahan sebagai berikut: problems as follows:
a. Permasalahan prospek usaha a. Problems with decreased business
menurun dengan indikasi antara lain: prospects with indications include:
i. Tidak terdapat pembayaran pokok i. There is no principal payment in
sesuai dengan ketentuan dan accordance with the provisions
atau kesepakatan yang telah and/or agreements that have been
dibuat, atau made, or
ii. Pembangunan berhenti lebih dari ii. Construction has stopped for more
1 (satu) tahun, dan/atau than 1 (one) year, and/ or
iii. Tidak terdapat penjualan lebih iii. There are no sales for more than 1
dari 1 (satu) tahun. (one) year
b. Permasalahan agunan dengan b. Collateral problems by meeting one of
memenuhi salah satu indikasi/ kriteria the following indications/criteria:
sebagai berikut:
i. Sertifikat agunan belum atas i. The collateral certificate is not yet
nama debitur atau pengurus yang in the name of the debtor or
tidak dapat diikat Hak management that cannot be bound
Tanggungan; by the Mortgage;
ii. Sertifikat agunan belum dilakukan ii. Collateral certificate has not been
pengikatan Hak Tanggungan bound by the Mortgage Rights
12 bulan sejak akad kredit dan 12 months since the credit
status default; agreement and default status;
iii. Sertifikat tidak memiliki alas iii. The certificate has no legal basis
hukum untuk dilakukan for transfer to the buyer;
pengalihan kepada pembeli;
iv. Agunan belum terbit sertifikat; iv. The collateral has not been issued
a certificate;
v. Agunan tidak terbangun 100% v. Collateral is not built 100%
khusus kredit investasi; specifically for investment credit;
c. Permasalahan kemampuan c. The problem of ability to pay has
membayar mengalami penurunan. decreased.
62
Page 698
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
1. Kredit yang diberikan dan pembiayaan/piutang 1. Loans and murabahah financing receivables
murabahah (lanjutan) (continued)
Kredit Komersial: (lanjutan) Commercial Credit: (continued)
Perhitungan komponen PD, LGD, dan EAD The computation of PD, LGD, and EAD
yang dilakukan secara kolektif pada setiap components carried out collectively in each
segmentasi kredit mempertimbangkan data credit segmentation takes into account
historis, saat ini dan masa yang akan datang. historical, current and future data.
Perhitungan cadangan kerugian penurunan Calculation of allowance for impairment losses
nilai atas aset keuangan yang dinilai secara on financial assets assessed collectively
kolektif berdasarkan karakteristik risiko kredit grouped based on similar credit risk
yang sama dengan mempertimbangkan characteristics and taking into account the loan
segmentasi kredit berdasarkan pengalaman segmentation based on historical loss
kerugian masa lalu dan kemungkinan terjadinya experience and the possibility of failure
kegagalan (probability of default). Aset (probability of default). Financial assets are
keuangan dikelompokan berdasarkan grouped on the basis of similar credit risk
karakteristik risiko kredit yang sama antara lain characteristics by considering the credit
dengan mempertimbangkan segmentasi kredit segmentation and past due status of
dan tunggakan debitur. the debtors, among others.
Grup perlu mempertimbangkan informasi masa The Group needs to consider past, present and
lalu, masa sekarang dan masa depan dalam future information in calculating the probability
menghitung kemungkinan kejadian gagal of default. Therefore, the calculation of PD is
bayar. Oleh karena itu, perhitungan PD carried out in the following stages:
dilakukan dengan tahapan sebagai berikut:
a. Perhitungan PD secara historis (PD TTC) a. Historical PD calculation (PD TTC)
b. Perhitungan PD forward-looking; dan b. forward-looking PD calculation; and
c. Perhitungan PD Point in time (PiT) melalui c. Calculation of PD Point in time (PiT)
proses scaling through a scaling process
LGD merupakan estimasi kerugian atas debitur LGD is an estimated loss for a debtor by
dengan menghitung recovery yang didapatkan calculating the recovery obtained after the
setelah debitur tersebut default. debtor defaults. LGD is calculated as 100%
LGD diperhitungkan sebesar 100% dikurangi minus the rate of return (recovery rate), LGD
tingkat pengembalian (recovery rate), calculation is carried out in the following stages:
perhitungan LGD dilakukan dengan tahapan
sebagai berikut:
a. Perhitungan LGD secara historis a. Historical LGD calculation (LGD TTC);
(LGD TTC);
b. Perhitungan LGD Point in Time (LGD PiT) b. Calculation of LGD Point in Time
dengan mempertimbangkan informasi (LGD PiT) by considering forward looking
forward looking. information.
63
Page 699
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
1. Kredit yang diberikan dan pembiayaan/piutang 1. Loans and murabahah financing receivables
murabahah (lanjutan) (continued)
Dalam membuat estimasi recoverable amount In determining the recoverable amount, the
(estimasi jumlah yang dapat diperoleh Group may utilize the following method:
kembali), Grup dapat menggunakan metode
berikut ini:
a. Discounted Cash Flow a. Discounted Cash Flow
Grup melakukan perhitungan berdasarkan The Group performs calculations based on
jumlah yang telah didiskonto (discounted the discounted amount (discounted value)
value) dari estimasi arus kas masa datang of future cash flows (principal and interest)
(pokok dan bunga) yang didiskonto discounted based on the Effective Interest
berdasarkan Suku Bunga Efektif dari Rate of each loan.
setiap kredit.
b. Expected Collateral b. Expected Collateral
Grup melakukan perhitungan berdasarkan The Group performs calculations based on
estimasi penjualan agunan yang dilakukan the estimated sale of collateral, which is
dengan mempertimbangkan nilai wajar dan carried out by considering the fair value
jangka waktu estimasi penjualan agunan di and the estimated time frame for the future
masa depan. Hasil perhitungan akan sale of the collateral. The calculation
didiskontokan berdasarkan Suku Bunga results will be discounted based on the
Efektif dari setiap kredit. Effective Interest Rate of each loan
c. Metode lainnya yang berdasarkan analisis c. Other methods based on the Group's
Grup lebih sesuai dan tidak bertentangan analysis are more appropriate and do not
dengan ketentuan Regulator. conflict with the Regulator’s provisions.
Sesuai dengan PSAK No. 402, “Akuntansi In accordance with SFAS No. 402, “Accounting
Murabahah” dan Pedoman Akuntansi for Murabahah” and Indonesia Sharia Banking
Perbankan Syariah Indonesia Accounting Guidelines (PAPSI Revised 2013),
(PAPSI Revisi 2013), Grup menghitung CKPN the Group calculates individual allowance for
untuk piutang murabahah sesuai dengan impairment losses for murabahah receivable in
ketentuan di ISAK No. 402, “Penurunan Nilai accordance with IFAS No. 402 “Impairment of
Piutang Murabahah”. Murabahah Receivables”.
2. Pembiayaan/piutang syariah selain murabahah 2. Sharia financing/receivables other than
murabahah
Untuk aset keuangan berupa piutang istishna, For financial assets of istishna receivables,
pinjaman qardh, pembiayaan mudharabah, dan funds of qardh, mudharabah financing, and
pembiayaan musyarakah, Grup menerapkan musyarakah financing, the Group implements
Peraturan Otoritas Jasa Keuangan (POJK) POJK No.02/POJK.03/2022 dated
No.02/POJK.03/2022 tanggal 31 Januari 2022 January 31, 2022 regarding “Asset Quality
tentang ”Penilaian Kualitas Aset Bank Umum Ratings for Sharia Bank and Sharia Business
Syariah dan Unit Usaha Syariah”. Unit".
64
Page 700
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Cadangan kerugian penurunan nilai atas f. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
2. Pembiayaan/piutang syariah selain murabahah 2. Sharia financing/receivables other than
(lanjutan) murabahah (continued)
Cadangan kerugian minimum yang harus The minimum allowance to be provided in
dibentuk sesuai dengan Peraturan Bank accordance with Bank Indonesia Regulation is
Indonesia adalah sebagai berikut: as follows:
a. 1% dari aset produktif yang digolongkan a. 1% of earning assets classified as Current,
Lancar, di luar penempatan pada Bank excluding placements with Bank Indonesia,
Indonesia, obligasi pemerintah, instrumen government bonds, other debt instruments
hutang lain yang diterbitkan oleh issued by the Government of the Republic of
Pemerintah Republik Indonesia dan aktiva Indonesia and earning assets secured by
produktif yang dijamin dengan agunan cash collateral;
tunai;
b. 5% dari aset produktif yang digolongkan b. 5% of earning assets classified as
Dalam Perhatian Khusus setelah dikurangi Special Mention, net of deductible collateral;
agunan;
c. 15% dari aset produktif yang digolongkan c. 15% of earning assets classified as
Kurang Lancar setelah dikurangi agunan; Sub-standard, net of deductible collateral;
d. 50% dari aset produktif yang digolongkan d. 50% of earning assets classified as
Diragukan setelah dikurangi agunan; dan Doubtful, net of deductible collateral; and
e. 100% dari aset produktif yang digolongkan e. 100% of earning assets classified as Loss,
Macet setelah dikurangi agunan. net of deductible collateral.
Kriteria penilaian nilai agunan yang dapat The criterias for assessment of the value of
dikurangkan dalam pembentukan cadangan collateral that can be deducted in the calculation
kerugian penurunan nilai sesuai dengan of allowance for impairment losses are based on
Peraturan Bank Indonesia (PBI). Bank Indonesia Regulations (PBI).
g. Giro pada Bank Indonesia dan bank lain g. Current accounts with Bank Indonesia and
other banks
Giro pada Bank Indonesia dan bank lain Current accounts with Bank Indonesia and
dinyatakan sebesar biaya perolehan other banks are stated at amortized cost using
diamortisasi menggunakan metode suku bunga the effective interest method less allowance for
efektif dikurangi cadangan kerugian penurunan impairment losses. Current accounts with
nilai. Giro pada Bank Indonesia dan bank lain Bank Indonesia and other banks are classified
diklasifikasikan sebagai biaya perolehan as amortized cost.
diamortisasi.
65
Page 701
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
h. Penempatan pada Bank Indonesia dan h. Placements with Bank Indonesia and
bank lain other banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penanaman dana pada Bank banks represent placements of funds in Bank
Indonesia berupa deposit facility, term deposit, Indonesia in the form of deposit facility, term
dan deposit facility syariah, sedangkan deposit and sharia deposit facility, whereas
penempatan pada bank lain berupa deposito placement with other banks is in the form of
berjangka, interbank call money dan tabungan. time deposit, interbank call money, and
savings.
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain dinyatakan sebesar biaya perolehan banks are stated at amortized cost using the
diamortisasi menggunakan metode suku bunga effective interest method less allowance for
efektif dikurangi cadangan kerugian penurunan impairment losses. Placements with Bank
nilai. Penempatan pada Bank Indonesia dan Indonesia and other banks are classified as
bank lain diklasifikasikan sebagai amortized cost.
biaya perolehan diamortisasi.
i. Efek-efek dan obligasi pemerintah i. Securities and government bonds
Efek-efek terdiri dari surat berharga yang Securities consist of securities traded in the
diperdagangkan dalam pasar modal dan pasar capital market and money market, such as Bank
uang, antara lain Sertifikat Bank Indonesia Indonesia Certificates (SBI), Deposits
(SBI), Sertifikat Deposito Bank Indonesia Certificates of Bank Indonesia (SDBI), bonds,
(SDBI), obligasi, Negotiable Certificate of Negotiable Certificate of Deposit (NCD),
Deposit (NCD), Medium Term Notes (MTN), Medium Term Notes (MTN), mutual funds, and
penyertaan reksadana, dan Efek Beragun Aset Asset Backed Securities (ABSs).
(EBA).
EBA adalah portofolio efek yang terdiri dari aset ABSs are securities portfolio consisting of
keuangan berupa kumpulan tagihan kredit financial assets in the form of mortgages loan.
kepemilikan rumah. EBA terbentuk ketika Grup ABSs are created when Group sells its loans or
menjual pinjaman atau utang lainnya kepada other debts to an issuer (financial institution)
penerbit (lembaga keuangan) lalu disusun and then arranged in a portfolio in order to
dalam suatu portofolio untuk dijual kembali resale to investors.
kepada investor.
Obligasi Pemerintah adalah obligasi yang Government bonds are bonds issued by the
diterbitkan oleh Pemerintah Indonesia. Indonesian Government.
Pengukuran efek-efek dan obligasi Pemerintah The measurement of securities and
didasarkan atas klasifikasinya sebagai berikut: Government bonds are based on the
classification of the securities as follows:
1. Efek-efek dan obligasi pemerintah yang 1. Securities and government bonds classified
diklasifikasikan sebagai biaya perolehan as amortized cost are measured at
yang diamortisasi diukur dengan biaya amortized cost using the effective interest
perolehan yang diamortisasi menggunakan method. Interest income is recognized in the
metode suku bunga efektif. Pendapatan statement of profit or loss and other
bunga diakui dalam laporan laba rugi dan comprehensive income using the effective
penghasilan komprehensif lain interest method.
menggunakan metode suku bunga efektif.
66
Page 702
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
i. Efek-efek dan obligasi pemerintah (lanjutan) i. Securities and government bonds
(continued)
Pengukuran efek-efek dan obligasi Pemerintah The measurement of securities and
didasarkan atas klasifikasinya sebagai berikut: Government bonds are based on the
(lanjutan) classification of the securities as follows:
(continued)
2. Efek-efek dan obligasi pemerintah yang 2. Securities and government bonds classified
diklasifikasikan sebagai nilai wajar melalui as Fair Value Through Profit or Loss
laba rugi (FVTPL) diukur dengan (FVTPL) are measured using fair value.
menggunakan nilai wajar. Keuntungan atau Unrealized gains or losses resulting from
kerugian yang belum direalisasi akibat changes in fair values are recognized in the
kenaikan atau penurunan nilai wajarnya statement of profit or loss and other
disajikan dalam laporan laba rugi dan comprehensive income. Changes in fair
penghasilan komprehensif lain. Perubahan value are recognized in profit or loss. Upon
nilai wajar diakui pada laporan laba rugi. sale of portfolio of fair value through profit or
Atas penjualan portofolio efek-efek dan loss securities and government bonds, the
obligasi pemerintah untuk nilai wajar difference between the selling price and the
melalui laba rugi, perbedaan antara harga fair value is recognized as a gain or loss in
jual dengan nilai pasar wajar diakui sebagai the year when the securities and
keuntungan atau kerugian penjualan pada government bonds are sold.
tahun dimana efek-efek dan obligasi
pemerintah tersebut dijual.
3. Efek-efek dan obligasi pemerintah yang 3. Securities and government bonds classified
diklasifikasikan sebagai Nilai Wajar Melalui as Fair Value Through Other
Penghasilan Komprehensif Lain (FVTOCI) Comprehensive Income (FVTOCI) are
diukur dengan menggunakan nilai wajar. measured using fair value. Interest income
Pendapatan bunga diakui dalam laporan is recognized in the statement of profit or
laba rugi dan penghasilan komprehensif loss and other comprehensive income using
lain menggunakan metode suku bunga the effective interest method. Other fair
efektif. Perubahan nilai wajar lainnya diakui value changes are recognized directly in
langsung dalam ekuitas sampai efek-efek equity until the securities and Government
dan obligasi pemerintah dijual atau bonds are sold or impaired, whereby
mengalami penurunan nilai, the cumulative gains and losses previously
dimana akumulasi keuntungan dan recognized in the equity are recognized in
kerugian yang sebelumnya diakui dalam the statement of profit or loss and other
ekuitas diakui dalam laporan laba rugi comprehensive income.
penghasilan komprehensif lain.
j. Kredit yang diberikan j. Loans
Kredit yang diberikan merupakan penyediaan Loans represent the lending of money or
uang atau tagihan yang dapat disamakan equivalent receivables under contracts with
dengan itu, berdasarkan kesepakatan dengan borrowers, where the borrowers are required to
pihak penerima kredit dan mewajibkan pihak repay their debts with interest after a specified
penerima kredit untuk melunasi setelah jangka period of time.
waktu tertentu dengan imbalan bunga.
67
Page 703
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Kredit yang diberikan (termasuk kredit yang Loans (including loans under syndication) are
diberikan dalam pinjaman sindikasi) pada initially measured at fair value plus transaction
awalnya diukur pada nilai wajar ditambah costs that are directly attributable to obtaining
dengan biaya transaksi yang dapat the financial asset. After initial recognition,
diatribusikan secara langsung dan biaya loans are measured at amortized cost using the
tambahan untuk memperoleh aset keuangan effective interest method, net of allowance for
tersebut. Setelah pengakuan awal kredit yang impairment losses.
diberikan diukur pada biaya perolehan
amortisasi menggunakan metode suku bunga
efektif dikurangi dengan cadangan kerugian
penurunan nilai.
Kredit yang diberikan diklasifikasikan sebagai Loans are classified as amortized costs.
diukur pada biaya perolehan diamortisasi.
Kredit yang diberikan dalam pinjaman sindikasi Loans under syndication or channelling are
ataupun penerusan kredit dinyatakan sebesar stated at the principal amount equal to the risk
pokok kredit sesuai dengan porsi risiko yang portion assumed by the Group.
ditanggung oleh Grup.
Restrukturisasi kredit Loan restructuring
Restrukturisasi kredit meliputi adanya Loan restructuring may involve extending the
perpanjangan jangka waktu pembayaran dan payment arrangements and new loan
ketentuan kredit yang baru. conditions.
Kredit yang direstrukturisasi disajikan sebesar Restructured loans are stated at the lower of
nilai yang lebih rendah antara nilai tercatat carrying value on the date of restructuring or
kredit pada tanggal restrukturisasi atau nilai value of the future cash receipts after the
tunai penerimaan kas masa depan setelah restructuring. Losses resulting from the
restrukturisasi. Kerugian akibat selisih antara difference between the carrying value on the
nilai tercatat kredit pada tanggal restrukturisasi date of restructuring the present value of future
dengan nilai tunai penerimaan kas masa depan cash receipts after the restructuring is
setelah restrukturisasi diakui dalam laporan recognized in the statement of profit or loss and
laba rugi dan penghasilan komprehensif lain. other comprehensive income. After the
Setelah restrukturisasi, semua penerimaan kas restructuring, all future cash receipts specified
masa depan yang ditetapkan dalam by the new terms are recorded as a return of
persyaratan baru dicatat sebagai pengembalian principal loans and interest income in
pokok kredit yang diberikan dan pendapatan accordance with the terms of the restructuring.
bunga sesuai dengan syarat-syarat
restrukturisasi.
Penjualan Kredit Pemilikan Rumah (KPR) Sales of Housing Loans (KPR)
Grup telah melakukan penjualan atas KPR The Group sold its KPR to third parties.
kepada pihak ketiga.
Atas penjualan tersebut, Grup telah In relation with the above mention sale, the
memindahkan risiko dan manfaat atas Group has transferred the risk and rewards of
kepemilikan KPR kepada pihak lawan. Oleh ownership of the KPR to counterparty.
karena itu, pada tanggal efektif penjualan, Hence, at the effective date of the sale, the
Group menghentikan pengakuan atas KPR Group derecognized the KPR.
tersebut.
Penjualan tersebut telah memenuhi kriteria jual The sale has fulfill the criteria of true sale
putus seperti yang tertuang dalam according to OJK regulation
Peraturan OJK No.11/POJK.03/2019. No. 11/POJK.03/2019.
68
Page 704
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
k. Pembiayaan/piutang syariah k. Sharia financing/receivables
Pembiayaan/piutang syariah adalah Financing/receivables sharia based on Sharia
penyediaan uang atau tagihan yang dapat principles is receivables from providing funds or
disamakan dengan itu, yang timbul dari other similar form of receivables arising from
transaksi berdasarkan prinsip jual beli dan bagi transactions carried out based on sale or
hasil antara Grup dengan pihak lain selama purchase arrangements and profit sharing
jangka waktu tertentu. Piutang tersebut meliputi between the Group and other parties for a
piutang murabahah, piutang istishna, dan certain period of time. Such receivables consist
qardh, untuk pembiayaan meliputi pembiayaan of receivables arising from murabahah
mudharabah dan pembiayaan musyarakah. transactions, istishna transactions and qardh
transactions, for financing consist of
mudharabah and musyarakah financing.
Murabahah adalah akad jual beli antara Murabahah is a sale and purchase contract
nasabah dengan Grup, dimana Grup between the customer and Group, whereby
membiayai kebutuhan konsumsi, investasi dan Group finances the consumption, investment
modal kerja nasabah yang dijual dengan harga and working capital needs of the customer sold
pokok ditambah dengan keuntungan yang with a principle price plus a certain margin that
diketahui dan disepakati bersama. is mutually informed and agreed. Repayment on
Pembayaran atas pembiayaan ini dilakukan this financing is made in installments within
dengan cara mengangsur dalam jangka waktu a specified period.
yang ditentukan.
Piutang murabahah pada awalnya diukur pada Murabahah receivables are initially measured at
nilai wajar ditambah dengan biaya transaksi fair value plus direct attributable transaction
yang dapat diatribusikan secara langsung dan costs and is an additional cost to obtain the
merupakan biaya tambahan untuk memperoleh respected financial assets and after the initial
aset keuangan tersebut dan setelah pengakuan recognition are measured at amortized cost
awal diukur pada biaya perolehan diamortisasi using the effective margin method less any
menggunakan metode marjin efektif dikurangi allowance for impairment losses value.
dengan cadangan kerugian penurunan nilai.
Mudharabah merupakan pembiayaan Mudharabah financing is a joint financing made
kerjasama antara Grup sebagai pemilik dana between Group as the owner of the funds
(shahibul maal) dengan nasabah sebagai (shahibul maal) and the customer as a business
pelaksana usaha (mudharib) selama jangka executor (mudharib) during a certain period.
waktu tertentu. Pembagian hasil keuntungan The profit sharing from the project or the
dari proyek atau usaha tersebut ditentukan business is determined in accordance with the
sesuai dengan nisbah (pre-determined ratio) mutually agreed nisbah (pre-determined ratio).
yang telah disepakati bersama. Pada tanggal On the consolidated statement of financial
laporan posisi keuangan konsolidasian, position date, mudharabah financing is stated at
pembiayaan mudharabah dinyatakan sebesar the outstanding financing balance less
saldo pembiayaan dikurangi dengan saldo allowance for impairment losses which is
cadangan kerugian penurunan nilai yang provided based on the management’s review of
dibentuk berdasarkan hasil reviu oleh the financing quality.
manajemen terhadap kualitas pembiayaan
yang ada.
69
Page 705
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
k. Pembiayaan/piutang syariah (lanjutan) k. Sharia financing/receivables (continued)
Musyarakah adalah akad kerjasama yang Musyarakah is a partnership contract among
terjadi diantara para pemilik modal (mitra fund’s owners (musyarakah partners) to
musyarakah) untuk menggabungkan modal contribute funds and conduct a business on a
dan melakukan usaha secara bersama dalam joint basis through partnership with the profit
suatu kemitraan dengan nisbah pembagian sharing based on a predetermined ratio, while
hasil sesuai dengan kesepakatan, sedangkan the losses are borne proportionally based on
kerugian ditanggung secara proporsional the capital contribution. On the statement of
sesuai dengan kontribusi modal. Pada tanggal financial position date, musyarakah financing is
laporan posisi keuangan, pembiayaan stated at the outstanding financing balance less
musyarakah dinyatakan sebesar saldo allowance for impairment losses which is
pembiayaan dikurangi dengan saldo cadangan provided based on the management’s review on
kerugian penurunan nilai yang dibentuk the financing quality.
berdasarkan hasil reviu oleh manajemen
terhadap kualitas pembiayaan yang ada.
Istishna adalah akad penjualan antara al- Istishna is a sale and purchase contract
mustashni (pembeli) dan al-shani (produsen between al-mustashni (buyer) and al-shani
yang juga bertindak sebagai penjual). (manufacturer also acting as the seller). Based
Berdasarkan akad tersebut, pembeli menugasi on the contract, the buyer orders the
produsen untuk membuat atau mengadakan al- manufacturer to produce or to supply al-mashnu
mashnu (barang pesanan) sesuai spesifikasi (goods ordered) according to the specifications
yang diisyaratkan pembeli dan menjualnya required by the buyer and to sell them at agreed
dengan harga yang disepakati. Piutang istishna price. Istishna receivables are stated at
disajikan sebesar tagihan termin kepada outstanding billings to final buyer less allowance
pembeli akhir dikurangi cadangan kerugian for impairment losses.
penurunan nilai.
Qardh adalah penyediaan dana atau tagihan Qardh is the provision of funds or equivalent
yang dapat dipersamakan dengan itu claims based on agreement between the
berdasarkan persetujuan atau kesepakatan borrower and the lender that requires the
antara peminjam dan pihak yang meminjamkan borrower to repay the debts after a certain
yang mewajibkan peminjam melunasi period of time. Qardh are stated at outstanding
hutangnya setelah jangka waktu tertentu. balance less allowance for impairment losses
Pinjaman qardh dinyatakan sebesar saldo based on the management’s review on the
pinjaman dikurangi dengan saldo cadangan financing quality.
kerugian penurunan nilai yang dibentuk
berdasarkan hasil reviu oleh manajemen
terhadap kualitas pinjaman yang ada.
l. Tagihan dan liabilitas akseptasi l. Acceptances receivable and payable
Tagihan dan liabilitas akseptasi merupakan Acceptances receivable and payable represent
transaksi Surat Kredit Berdokumen Dalam Letters of Credit by Local Document (SKBDN)
Negeri (SKBDN) yang diaksep oleh bank transactions that have been accepted by
pengaksep (accepting bank). the accepting bank.
Tagihan dan liabilitas akseptasi dinyatakan Acceptances receivable and payable are stated
sebesar biaya perolehan diamortisasi. Tagihan at amortized cost. Acceptances receivable are
akseptasi disajikan setelah dikurangi cadangan stated net of allowance for impairment losses.
kerugian penurunan nilai.
Tagihan dan liabilitas akseptasi diklasifikasikan Acceptances receivable and payable are
sebagai diukur pada biaya perolehan classified as amortized costs.
amortisasi.
70
Page 706
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
m. Penyertaan Saham m. Investment in shares
Penyertaan saham merupakan investasi jangka Investments in shares represent long-term
panjang pada perusahaan non-publik serta investments in non-publicly-listed companies
penyertaan modal sementara pada perusahaan and temporary investments in debtor
debitur yang timbul akibat konversi kredit yang companies arising from conversion of loans or
diberikan atau jenis transaksi tertentu yang certain of transactions which resulted The
berakibat Grup memiliki saham pada Group have shares in debtor’s company.
perusahaan debitur.
Penyertaan saham dengan persentase Investments in shares represent ownership
kepemilikan 20% sampai dengan 50% dicatat interests of 20% to 50% are recorded using the
dengan metode ekuitas. Dalam metode ini, equity method. Under this method, investments
penyertaan dicatat sebesar biaya perolehan are recorded at cost and adjusted for the
disesuaikan dengan bagian Grup atas ekuitas Group’s proportionate share in the net equity of
perusahaan asosiasi dan dikurangi dengan the investees and reduced by dividends earned
penerimaan dividen sejak tanggal perolehan, starting the acquisition date net of by allowance
dikurangi cadangan kerugian penurunan nilai. for impairment losses.
Penyertaan modal sementara dihapusbuku dari Temporary investment is written-off from the
laporan posisi keuangan apabila telah statement of financial position if it is held for
melampaui jangka waktu 5 (lima) tahun sesuai more than 5 (five) years in accordance with OJK
dengan Peraturan OJK No. 40/POJK.03/2019 Regulation No. 40/POJK.03/2019 regarding
tentang “Penilaian Kualitas Aset Bank Umum”. “Asset Quality Rating for Commercial Banks”.
n. Aset tetap n. Premises and equipment
Aset tetap awalnya diakui sebesar biaya All premises and equipment are initially
perolehan, yang terdiri atas harga perolehan recognized at cost, which comprises its
dan biaya-biaya tambahan yang dapat purchase price and any costs directly
diatribusikan langsung untuk membawa aset ke attributable in bringing the asset to the location
lokasi dan kondisi yang diinginkan supaya aset and condition necessary for it to be capable of
tersebut siap digunakan sesuai dengan maksud operating in the manner intended by
manajemen. management.
Setelah pengakuan awal, aset tetap selain Subsequent to initial recognition, premises and
tanah dinyatakan pada biaya perolehan equipment besides lands are carried at cost
dikurangi akumulasi penyusutan dan akumulasi less any subsequent accumulated depreciation
rugi penurunan nilai. and impairment losses.
Aset tetap yang diperoleh dalam pertukaran Premises and equipment acquired in exchange
aset non-moneter atau kombinasi aset moneter for a non-monetary asset or for a combination
dan non-moneter diukur pada nilai wajar, of monetary and non-monetary assets are
kecuali: measured at fair values, unless:
(i) Transaksi pertukaran tidak memiliki (i) The exchange transaction lacks
substansi komersial, atau commercial substance, or
(ii) Nilai wajar dari aset yang diterima dan (ii) The fair value of neither the assets received
diserahkan tidak dapat diukur secara andal. nor the assets given up can be measured
reliably.
71
Page 707
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Aset tetap (lanjutan) n. Premises and equipment (continued)
Penyusutan bangunan dihitung dengan Depreciation of buildings is computed using the
menggunakan metode garis lurus (straight-line straight-line method while depreciation of office
method) sedangkan peralatan kantor dan furniture and fixtures, and motor vehicles is
kendaraan bermotor dihitung dengan computed using the double-declining balance
menggunakan metode saldo menurun ganda method, based on the estimated useful lives of
(double-declining balance method) the assets as follows:
berdasarkan taksiran masa manfaat aset tetap
sebagai berikut:
Tahun/Years
Bangunan 10 - 20 Buildings
Peralatan kantor dan kendaraan bermotor 4-8 Office furniture and fixtures and motor vehicles
Penilaian aset tetap dilakukan atas penurunan The carrying amounts of premises and
dan kemungkinan penurunan nilai wajar aset equipment are reviewed for impairment when
jika terjadi peristiwa atau perubahan keadaan events or changes in circumstances indicate
yang mengindikasikan bahwa nilai tercatat that the carrying values may not be fully
mungkin tidak dapat seluruhnya terealisasi. recoverable.
Pada setiap akhir tahun buku, manajemen The residual values, useful lives and methods
melakukan pengkajian ulang atas nilai residu, of depreciation of premises and equipment are
masa manfaat dan metode penyusutan dan reviewed by the management and adjusted
disesuaikan secara prospektif, jika diperlukan. prospectively, if appropriate, at the end of each
year, if necessary.
Jumlah tercatat aset tetap dihentikan An item of premises and equipment is
pengakuannya pada saat dilepaskan atau saat derecognized upon disposal or when no future
tidak ada manfaat ekonomis masa depan yang economic benefits are expected from its use or
diharapkan dari penggunaan atau disposal. Any gain or loss arising on
pelepasannya. Laba atau rugi yang timbul dari derecognition of the asset (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net disposal proceeds
perbedaan antara jumlah neto hasil pelepasan and the carrying amount of the asset) is
dan jumlah tercatat dari aset) diperhitungkan included in the statement of profit or loss and
dalam laporan laba rugi dan penghasilan other comprehensive income in the period such
komprehensif lain pada periode aset tersebut asset is derecognized.
dihentikan pengakuannya.
Tanah awalnya dinyatakan sebesar biaya Land are initially recognized at cost and not
perolehan dan tidak disusutkan. Setelah depreciated. Subsequent to initial recognition,
pengakuan awal, tanah diukur pada nilai wajar land is measured at fair value at the revaluation
pada tanggal revaluasi dikurangi akumulasi rugi date less any subsequent accumulated
penurunan nilai setelah tanggal revaluasi. impairment losses. Valuation of land are
Penilaian terhadap tanah dilakukan oleh penilai performed by appraisers with professional
yang memiliki kualifikasi profesional, dan qualification and is done in regular basis to
dilakukan secara berkala untuk memastikan ensure that the carrying amount does not differ
bahwa jumlah tercatat tanah tidak berbeda materially from its fair value at the end of
secara material dengan jumlah yang ditentukan reporting period (Note 14).
dengan menggunakan nilai wajarnya pada akhir
periode pelaporan (Catatan 14).
72
Page 708
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Aset tetap (lanjutan) n. Premises and equipment (continued)
Kenaikan nilai tercatat yang timbul dari Increase in the carrying amount arising from
revaluasi dicatat sebagai “Surplus Revaluasi revaluation is recorded in “Premises and
Aset Tetap”, dan disajikan dalam penghasilan Equipment Revaluation Surplus” and presented
komprehensif lain. Namun, kenaikan tersebut in other comprehensive income. However, the
diakui dalam laba rugi hingga sebesar jumlah increase is recognized in profit or loss, up to the
penurunan nilai aset yang sama akibat amount of impairment of the same assets due
revaluasi yang pernah dilakukan sebelumnya to revaluation previously recognized in profit or
dalam laba rugi. Penurunan nilai tercatat yang loss. A decrease in carrying value arising as a
timbul dari revaluasi diakui dalam laba rugi. result of a revaluation should be recognized in
profit or loss.
Beban perbaikan dan pemeliharaan Repairs and maintenance is charged to the
dibebankan pada operasi pada saat terjadinya. profit or loss as incurred. The cost of major
Beban pemulihan dan penambahan bahan renovation and restoration is capitalized to the
dalam jumlah besar dikapitalisasi kepada carrying amount of the related premises and
jumlah tercatat aset tetap terkait bila besar equipment when it is probable that future
kemungkinan bagi kelompok usaha manfaat economic benefits in excess of the originally
ekonomi masa depan menjadi lebih besar dari assessed standard of performance of
standar kinerja awal yang ditetapkan the existing asset and is depreciated over
sebelumnya dan disusutkan sepanjang sisa the remaining useful life of the related asset.
masa manfaat aset tetap terkait.
Aset tetap dalam penyelesaian dicatat sebesar Construction in-progress are stated at cost,
biaya perolehan, yang mencakup kapitalisasi including capitalized borrowing costs and other
beban pinjaman dan biaya-biaya lainnya yang charges incurred in connection with the
terjadi sehubungan dengan pendanaan aset financing of the said asset constructions. The
tetap dalam penyelesaian tersebut. Akumulasi accumulated costs will be reclassified to the
biaya perolehan akan direklasifikasi ke akun appropriate “Premises and Equipment” account
“Aset Tetap” yang bersangkutan pada saat aset when the construction is completed and
tetap tersebut telah selesai dikerjakan dan siap available for intended use. Construction in-
untuk digunakan. Aset tetap dalam progress are not depreciated as these are not
penyelesaian tidak disusutkan karena belum yet available for use.
tersedia untuk digunakan.
Biaya pengurusan legal hak atas tanah dalam The legal cost of land rights in the form of
bentuk Hak Guna Usaha (“HGU”), Hak Guna Business Usage Rights (“Hak Guna Usaha” or
Bangunan (“HGB”) dan Hak Pakai (“HP”) ketika “HGU”), Building Usage Right (“Hak Guna
tanah diperoleh pertama kali diakui sebagai Bangunan” or “HGB”) and Usage Rights (“Hak
bagian dari biaya perolehan tanah pada akun Pakai” or “HP”) when the land was initially
“Aset Tetap”. Biaya pengurusan perpanjangan acquired are recognized as part of the cost of
atau pembaruan legal hak atas tanah diakui the land under the “Premises and Equipment”.
sebagai aset tidak berwujud dan diamortisasi The extension or the legal renewal costs of land
sepanjang umur hak hukum atau umur ekonomi rights were recognized as intangible assets and
tanah, mana yang lebih pendek. were amortized over the shorter of the rights'
legal life and land's economic life.
73
Page 709
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Aset tetap (lanjutan) n. Premises and equipment (continued)
Jika nilai wajar dari aset yang direvaluasi If the fair value of the revalued asset change
mengalami perubahan yang signifikan dan significantly, it is necessary to revaluate on an
fluktuatif, maka perlu direvaluasi secara annual basis, whereas if the fair value of the
tahunan, sedangkan jika nilai wajar dari aset revaluated asset does not change significantly,
yang direvaluasi tidak mengalami perubahan it is necessary to revaluate at a minimum every
yang signifikan dan fluktuatif, maka perlu 3 (three) years.
dilakukan revaluasi paling kurang 3 (tiga) tahun
sekali.
o. Aset Tidak Berwujud o. Intangible Assets
Berdasarkan PSAK 238 definisi aset berwujud Based on PSAK 238, the definition of tangible
adalah aset nonmoneter teridentifikasi tanpa assets is identified non-monetary assets without
wujud fisik. Dalam hal ini, Sistem komputer physical form. In this case, computer software is
secara jelas disebutkan dalam explicitly stated in PSAK 238 as a type of asset
PSAK 238 sebagai jenis aset yang identified as tangible assets.
teridentifikasi sebagai aset berwujud.
Aset tak berwujud awalnya diakui sebesar Intangible assets are initially recognized at the
Pengakuan biaya perolehan dalam jumlah cost of acquisition. The recognition of the cost
tercatat aset takberwujud dihentikan pada aset of acquisition of intangible assets is stopped
tersebut berada pada kondisi yang diinginkan when the asset is in the desired condition to be
agar aset tersebut siap digunakan dengan cara ready for use in the manner intended by
yang di intensikan oleh manajamen. Oleh management. Therefore, costs incurred when
karena itu, biaya yang dikeluarkan saat aset the asset can be used in accordance with the
sudah dapat digunakan sesuai dengan cara intended management and costs to redevelop
yang di intensikan oleh manajemen dan biaya intangible assets are not included in the carrying
untuk mengembangkan kembali aset tak amount of intangible assets.
berwujud tidak termasuk dalam jumlah tercatat
aset tak berwujud.
Setelah pengakuan awal, aset tak berwujud After initial recognition, intangible assets are
dinyatakan pada biaya perolehan dikurangi stated at cost less accumulated amortization.
akumulasi amortisasi.
Amortisasi aset tak berwujud dihitung dengan Amortization of intangible assets is calculated
menggunakan metode garis lurus (straight-line using the straight-line method. Based on the
method). Berdasarkan rata-rata penggunaan average use of software at the Group, the useful
piranti lunak pada Grup, untuk umur manfaat life of intangible assets is determined by the
aset tak berwujud ditetapkan oleh unit intangible asset management unit for 5 years.
pengelola aset tak berwujud selama 5 Tahun. The carrying amount of intangible assets is
Jumlah tercatat aset tak berwujud dihentikan stopped when the asset is released or when
pengakuannya pada saat dilepaskan atau saat there is no expected future economic benefit
tidak ada manfaat ekonomis masa depan from use or disposal. Profit or loss arising from
yang diharapkan dari penggunaan atau the cessation of asset recognition (calculated as
pelepasannya. Laba atau rugi yang timbul dari the difference between the net proceeds of
penghentian pengakuan aset (dihitung sebagai disposal and the carrying amount of the asset)
perbedaan antara jumlah neto hasil pelepasan is recognized in the income statement for the
dan jumlah tercatat dari aset) diperhitungkan period in which the asset is derecognized.
dalam laporan laba rugi pada periode aset
tersebut dihentikan pengakuannya.
74
Page 710
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
o. Aset Tidak Berwujud (lanjutan) o. Intangible Assets (continued)
Aset tak berwujud tidak boleh dikeluarkan dari Intangible assets should not be removed from
daftar rincian aset tak berwujud mesikipun the list of intangible assets details even if the
aset tersebut telah sepenuhnya dilakukan asset has been fully amortized, because if the
amortisasi, karena jika aset tersebut masih asset still has expected future economic
memiliki manfaat ekonomis masa depan yang benefits from its use, the cost of acquisition and
diharapkan dari penggunaanya, maka biaya accumulated amortization remain in the list of
perolehan dan akumulasi amortisasi tetap intangible assets details owned by the entity.
berada dalam daftar rincian aset tak berwujud
yang dimiliki oleh entitas.
Aset dalam penyelesaian dicatat sebesar biaya Construction in-progress are recorded at cost,
perolehan, yang mencakup biaya-biaya yang which includes costs incurred in connection with
terjadi sehubungan dengan upaya perolehan, the acquisition, development, and procurement
pengembangan dan pengadaan aset tak efforts of intangible assets under development.
berwujud dalam penyelesaian tersebut. The accumulation of acquisition costs will be
Akumulasi biaya perolehan akan direklasifikasi reclassified to the related "Intangible Assets"
ke akun “Aset tak berwujud” yang bersangkutan account when the intangible asset is completed
pada saat aset tak berwujud tersebut telah and ready for use.
selesai dikerjakan dan siap untuk digunakan.
Aset tak berwujud dalam penyelesaian tidak Intangible assets under development are not
disusutkan karena belum tersedia untuk amortized because they are not yet available for
digunakan. use.
p. Aset hak guna dan liabilitas sewa p. Right-of use assets and lease liabilities
PSAK No. 116 menerapkan persyaratan baru SFAS No. 116 introduces new or amended
atau amandemen sehubungan dengan requirements with respect to lease accounting.
akuntansi sewa. Standar ini memperkenalkan It introduces significant changes to lessee
perubahan signifikan untuk akuntansi lessee accounting by removing the distinction between
dengan menghapus perbedaan antara sewa operating and finance lease and requiring the
operasi dan pembiayaan dan pengakuan aset recognition of a right-of-use asset and a lease
hak guna dan liabilitas sewa, kecuali untuk liability at commencement for all leases, except
sewa jangka pendek dan aset dengan nilai for short-term leases and leases of low value
rendah. Berbeda dengan akuntansi lessee, assets. In contrast to lessee accounting, the
persyaratan untuk akuntansi lessor sebagian requirements for lessor accounting have
besar tidak berubah. Dalam hal ini, Grup remained largely unchanged. In this case,
terekspos risiko Grup sebagai lessee. Group is exposed the risk of the Group as
lessee.
a) Dampak definisi baru dari sewa a) Impact of the new definition of a lease
Perubahan utama dari definisi sewa The change in the definition of a lease
berkaitan dengan konsep pengendalian. mainly relates to the concept of control.
PSAK No. 116 menentukan apakah kontrak SFAS No. 116 determines whether a
merupakan, atau mengandung sewa atas contract is, or contains, a lease if the
dasar jika penyewa memiliki hak untuk lessee has the right to control the use of
mengendalikan penggunaan aset selama an identified asset for a certain period of
suatu jangka waktu tertentu untuk time in exchange for consideration. This is
dipertukarkan dengan imbalan. in contrast to the focus on risks and reward
Hal tersebut merupakan perbedaan in SFAS No. 30.
penentuan PSAK No. 30 yaitu dengan
konsep risiko dan manfaat.
75
Page 711
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
p. Aset hak guna dan liabilitas sewa (lanjutan) p. Right-of use assets and lease liabilities
(continued)
a) Dampak definisi baru dari sewa (lanjutan) a) Impact of the new definition of a lease
(continued)
Grup menerapkan definisi sewa dan The Group applies the definition of
panduan terkait yang diterapkan dalam a lease and related guidance set out
PSAK No. 116 untuk semua kontrak yang in SFAS No. 116 to all contracts
dicatat atau diubah pada atau setelah entered into or changed on or after
tanggal 1 Januari 2020. January 1, 2020.
b) Panduan praktis, pengecualian pengakuan b) Practical expedient, recognition
dan pilihan kebijakan pada saat masa exemption and accounting policy option at
transisi, Grup memilih untuk menerapkan the transition date, Group decided to use
panduan praktis yang terdapat pada the practical expedient that is permitted in
panduan transisi dalam PSAK No. 116, SFAS No. 116, as:
yang antara lain:
1. Penggunaan tingkat diskonto tunggal 1. Using a single discount rate to
untuk portofolio sewa dengan a portfolio of leases with reasonably
karakteristik yang hampir sama; similar characteristics;
2. Tidak menerapkan pengakuan 2. Not to apply the recognition
dan pengukuran berdasarkan and measurement according to
PSAK No. 116 untuk kontrak dengan SFAS No. 116 of the contracts which
masa sewa kurang dari 12 bulan pada lease term ends within 12 months of
tanggal 1 Januari 2020 dan dicatat January 1, 2021 and recorded as short
sebagai sewa jangka pendek; dan term lease; and
3. Pengecualian biaya langsung awal 3. Exclude intial direct cost from the
dari pengukuran aset hak guna pada measurement of the right of use
tanggal penerapan awal. assets at the date of initial application.
Grup memilih pengecualian pengakuan Group may choose the recognition
untuk tidak menerapkan pengakuan dan exemption not to recognize and measure
pengukuran berdasarkan PSAK No. 116 according to SFAS No. 116 of the
untuk kontrak: contract:
1. Sewa jangka pendek dengan masa 1. Short term leases for which lease term
sewa 12 bulan atau kurang; dan is or below 12 months; and
2. Sewa dengan aset pendasar bernilai 2. Lease for which the underlying asset
rendah. is low value.
Grup mengakui pembayaran sewa jangka Group recognise the lease payment of
pendek dan aset bernilai rendah sebagai short term and low value leases as an
beban baik dengan dasar garis lurus expense on either a straight line basis
maupun dasar sistematik lainnya yang over ther lease term or another systematic
merepresentasikan pola manfaat. basis which represent the pattern of the
benefit.
Selain itu, Grup juga memilih pilihan Besides, Group may choose the policy
kebijakan untuk: option:
1. Tidak memisahkan kompenen 1. Not to separate the non-leased
nonsewa dari komponen sewa, dan component from lease component,
memilih mencatat masing-masing and choose to record the lease
komponen sewa dan komponen component and non-leased
nonsewa terkait sebagai komponen component as a single lease
sewa tunggal. component.
2. Tidak mencatat sewa atas aset tak 2. Not to record the lease of intangible
berwujud berdasarkan PSAK No. 116. assets according to SFAS No. 116.
76
Page 712
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
p. Aset hak guna dan liabilitas sewa (lanjutan) p. Right-of use assets and lease liabilities
(continued)
c) Dampak pada akuntansi lessee c) Impact on lessee accounting
Grup menerapkan pendekatan Group applies a single recognition and
pengakuan dan pengukuran tunggal measurement approach for the entire
untuk seluruh sewa, kecuali untuk sewa lease, except for the short terms and low-
jangka pendek dan sewa aset bernilai value lease. Group recognises lease
rendah. Grup mengakui liabilitas sewa liabilities for the lease payments and right
untuk melakukan pembayaran sewa dan of use asset that represent right of use of
aset hak guna yang mewakili hak untuk the underlying asset
menggunakan aset pendasar.
Grup mengakui aset hak guna dan Group recognises right of use asset and
liabilitas sewa pada tanggal permulaan lease liabilities at the commencement
sewa. date.
Pada tanggal permulaan sewa, aset hak On the commencement date, right of use
guna diukur pada biaya perolehan yang assets measured at cost, which shall
meliputi jumlah pengukuran awal liabilitas comprise the amount initial measurement
sewa, biaya langsung awal yang of lease liabilities, initial direct cost
dikeluarkan, estimasi biaya restorasi dan incurred, an estimate of restoration cost,
pembayaran sewa yang dilakukan pada and lease payments made at or before the
atau sebelum tanggal mulai sewa commencement date less the rental
dikurangi insentif sewa yang diterima. incentives received. For the subsequent
Untuk pengurukuran selanjutnya, aset measurements, the right of use assets
hak guna dikurangi dengan akumulasi less the accumulated depreciation, any
penyusutan dan kerugian penurunan nilai, accumulated impairment losses, and
serta disesuaikan untuk setiap adjusted for any remeasurement of lease
pengukuran kembali liabilitas sewa. liabilities.
Aset hak guna disusutkan dengan metode Right of use assets depreciated by
sesuai dengan persyaratan depresiasi methods in accordance with the fixed
yang ada pada aset tetap. assets depreciation requirements.
Jika kepemilikan aset sewa dialihkan ke If the ownership of lease assets
Grup pada akhir masa sewa atau transferred to the Group at the end of the
pembayaran sewa mencerminkan lease term or the lease payments reflects
pelaksanaan opsi pembelian, penyusutan the purchase option, then the depreciation
dihitung menggunakan estimasi masa period measured by using the estimation
manfaat ekonomis aset. Aset hak guna of asset economic benefit. The right of use
diuji penurunan nilainya sesuai dengan asset tested for impairment in accordance
PSAK No. 236 Penurunan Nilai Aset. with SFAS No. 236 Impairment of Asset.
77
Page 713
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
p. Aset hak guna dan liabilitas sewa (lanjutan) p. Right-of use assets and lease liabilities
(continued)
Pada tanggal permulaan sewa, Grup mengakui At the commencement date, Group recognized
liabilitas sewa yang diukur pada nilai kini dari the lease liabilities measured at the present
pembayaran sewa masa depan yang akan value of the future lease payment during the
dilakukan selama masa sewa. Pembayaran lease term. Lease payment including the fixed
sewa termasuk pembayaran tetap (termasuk payment (including substantial fixed-payments)
pembayaran tetap secara-substansi) dikurangi less lease incentive receivable, variable lease
piutang insentif sewa, pembayaran sewa payment that depend on the index or exchange
variabel yang bergantung pada indeks atau rate, and the expected amount will be paid in
kurs, dan jumlah yang diharapkan akan dibayar a residual value guarantee. Lease payments
dalam jaminan nilai residu. Pembayaran sewa also include the execution price of a reasonable
juga termasuk harga eksekusi opsi pembelian purchase option if it ensured to exercise by the
yang wajar jika dipastikan akan dilakukan oleh Group and the penalty payment to terminate
Grup dan pembayaran penalti untuk mengakhiri the lease, if the lease term reflects the Group to
sewa, jika jangka waktu sewa mencerminkan execute the lease termination option. Variable
Grup mengeksekusi opsi penghentian sewa. lease payments that do not rely on the index or
Pembayaran sewa variabel yang tidak exchange rates recognized as expense in
bergantung pada indeks atau kurs diakui periods in which events or conditions that
sebagai beban pada periode di mana peristiwa trigger payments occur.
atau kondisi yang memicu pembayaran terjadi.
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Grup menggunakan suku bunga payments, Group uses the incremental
pinjaman inkremental penyewa pada tanggal borrowing rate of the lessee at the
dimulainya sewa karena suku bunga implisit commencement date of the lease, as the
dalam sewa tidak dapat ditentukan. Untuk implicit interest rate of the lease cannot be
pengukuran selanjutnya, jumlah liabilitas sewa determined. For the subsequent measurement,
ditingkatkan untuk mencerminkan amount of lease liabilities increased to reflect
pertambahan bunga dan dikurangi the increasing of interest and reduced by the
pembayaran sewa yang dilakukan. Selain itu, lease payments. In addition, the carrying
jumlah tercatat liabilitas sewa diukur kembali amount of lease liabilities remeasured if there
jika terdapat modifikasi, perubahan jangka is a modification, change in lease term, change
waktu sewa, perubahan pembayaran sewa, of lease payment, or changes in assessment of
atau perubahan dalam penilaian opsi untuk purchase option of the underlying asset.
membeli aset pendasar.
PSAK No. 116 mengubah cara Grup SFAS No. 116 changes the way of Group
menyajikan sewa yang sebelumnya presents lease that previously classified as an
diklasifikasikan sebagai sewa operasi pada operating lease in SFAS No. 30, which not
PSAK No. 30, yang tidak diungkapkan dalam disclosed in financial statements, with the
laporan keuangan, dengan rincian sebagai details of below:
berikut:
1. Menyajikan aset hak-guna secara terpisah; 1. Present the right of use asset separately;
2. Menyajikan liabilitas sewa sebagai bagian 2. Present the lease liabilities as part of other
dari liabilitas lain-lain; liabilities;
3. Menyajikan beban penyusutan aset hak- 3. Present the depreciation expense of right of
guna dan beban bunga liabilitas sewa use asset and interest expense of lease
sebagai bagian dari beban umum dan liabilities as part of general and
administrasi; dan administrative expenses; and
4. Memisahkan jumlah total pembayaran ke 4. Separate the total amount of payment to the
bagian pokok (disajikan dalam kegiatan principal (presented in financing activities)
pendanaan) dan bunga (disajikan dalam and interest (presented in operational
kegiatan operasional) dalam laporan arus activities) in the statement of cash flow.
kas
78
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The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
q. Penurunan nilai aset non-keuangan q. Impairment of non-financial assets
Pada setiap akhir periode pelaporan, Grup The Group assesses at each annual reporting
menilai apakah terdapat indikasi suatu aset period whether there is an indication that an
mengalami penurunan nilai. Jika terdapat asset may be impaired. If any such indication
indikasi tersebut, maka Grup akan membuat exists, Group makes an estimate of the asset’s
estimasi atas jumlah terpulihkan aset tersebut. recoverable amount.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher of
individual adalah jumlah yang lebih tinggi antara an asset’s or Cash Generating Unit (CGU)’s fair
nilai wajar aset atau Unit Penghasil Kas (UPK) value less costs of disposal and its value in use,
dikurangi biaya pelepasan dengan nilai and is determined for an individual asset, unless
pakainya, kecuali aset tersebut tidak the asset does not generate cash inflows that
menghasilkan arus kas masuk yang sebagian are largely independent of those from other
besar independen dari aset atau kelompok aset assets or groups of assets.
lain.
Jika nilai tercatat aset lebih besar daripada nilai Where the carrying amount of an asset exceeds
terpulihkannya, maka aset tersebut dianggap its recoverable amount, the asset is considered
mengalami penurunan nilai dan nilai tercatat impaired and is written down to its recoverable
aset diturunkan menjadi sebesar nilai amount. Impairment losses of continuing
terpulihkannya. Rugi penurunan nilai dari operations are recognized in the statement of
operasi yang berkelanjutan diakui pada laporan profit or loss and other comprehensive income
laba rugi dan penghasilan komprehensif lain as “impairment losses”.
sebagai “rugi penurunan nilai”.
Dalam menghitung nilai pakai, estimasi arus In assessing the value in use, the estimated net
kas masa depan neto didiskontokan ke nilai kini future cash flows are discounted to their present
dengan menggunakan tingkat diskonto value using a pre-tax discount rate that reflects
sebelum pajak yang menggambarkan penilaian current market assessments of the time value of
pasar kini atas nilai waktu uang dan risiko money and the risks specific to the asset.
spesifik aset.
Dalam menentukan nilai wajar dikurangi biaya In determining fair value less costs of disposal,
pelepasan, mengacu pada PSAK No. 113: refers to SFAS No. 113: "Fair Value
”Pengukuran Nilai Wajar” (Catatan 2e). Measurements" (Note 2e).
Kerugian penurunan nilai dari operasi yang Impairment losses of continuing operations, if
berkelanjutan, jika ada, diakui pada laporan any, are recognized in the statements of profit
laba rugi dan penghasilan komprehensif lain or loss and other comprehensive income under
sesuai dengan kategori biaya yang konsisten expense categories that are consistent with the
dengan fungsi aset yang diturunkan nilainya. functions of the impaired assets.
r. Biaya dibayar dimuka r. Prepaid expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortized over the
masa manfaat dengan menggunakan metode periods benefited using the straight-line
garis lurus (straight-line method). method.
79
Page 715
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
s. Goodwill s. Goodwill
Goodwill yang timbul dari kombinasi bisnis Goodwill arising in a business combination is
diakui sebagai aset pada tanggal diperolehnya recognised as an asset at the date that control
pengendalian (tanggal akuisisi). Goodwill is acquired (the acquisition date). Goodwill is
diukur sebagai selisih dari imbalan yang measured as the excess of the sum of the
dialihkan, jumlah setiap kepentingan non- consideration transferred, the amount of any
pengendali pada pihak yang diakuisisi dan nilai non-controlling interest in the acquiree and the
wajar dari kepentingan ekuitas yang fair value of the acquirer’s previously held
sebelumnya dimiliki pihak pengakuisisi pada equity interest (if any) in the acquiree over net
pihak yang diakuisisi (jika ada) atas jumlah of the acquisition-date amounts of the
selisih bersih dari aset teridentifikasi yang identifiable assets acquired and the liabilities
diperoleh dan liabilitas yang diambil alih pada assumed.
tanggal akuisisi.
Untuk tujuan uji penurunan nilai, goodwill For the purpose of impairment testing, goodwill
dialokasikan pada setiap unit penghasil kas dari is allocated to each of the Group’s
Grup yang diharapkan memberikan manfaat cash-generating units expected to benefit from
dari sinergi kombinasi bisnis tersebut. Unit the synergies of the combination. A
penghasil kas yang telah memperoleh alokasi cash-generating unit to which goodwill has
goodwill diuji penurunan nilainya secara been allocated is tested for impairment annually
tahunan dan ketika terdapat indikasi bahwa unit or more frequently when there is an indication
tersebut mengalami penurunan nilai. Jika that the unit may be impaired. If the recoverable
jumlah terpulihkan dari unit penghasil kas amount of the cash-generating unit is less than
kurang dari jumlah tercatatnya, rugi penurunan its carrying amount, the impairment loss is
nilai dialokasikan pertama untuk mengurangi allocated first to reduce the carrying amount of
jumlah tercatat aset atas setiap goodwill yang any goodwill allocated to the unit, and then to
dialokasikan pada unit, dan selanjutnya ke aset the other assets of the unit pro-rate on the basis
lainnya dari unit dibagi atas dasar jumlah of the carrying amount of each asset in the unit.
tercatat setiap aset dalam unit tersebut. Setiap Any impairment loss for goodwill is recognised
kerugian penurunan nilai goodwill diakui secara directly in profit or loss in the statement of
langsung dalam laba/rugi pada laporan laba comprehensive income. An impairment loss
rugi komprehensif. Rugi penurunan nilai yang recognised for goodwill is not reversed in
diakui atas goodwill tidak dapat dipulihkan pada subsequent period.
periode berikutnya.
t. Liabilitas segera t. Liabilities due immediately
Liabilitas segera dicatat pada saat timbulnya This account is recorded at the time the
kewajiban atau diterimanya perintah obligations occur or upon receipt of transfer
pemindahbukuan dari nasabah maupun dari orders from customers or other banks.
bank lain.
Liabilitas segera dicatat berdasarkan biaya Current liabilities are stated at amortized cost
perolehan diamortisasi dan diklasifikasikan and classified as other financial liabilities.
sebagai liabilitas keuangan lainnya.
u. Simpanan u. Deposits
Giro merupakan simpanan nasabah yang dapat Demand deposits represent customer funds
digunakan sebagai alat pembayaran dan which can be used as payment instruments,
penarikannya dapat dilakukan setiap saat and can be withdrawn at any time through
melalui cek atau pemindahbukuan dengan cheque, or transferred through current account
bilyet giro dan sarana perintah pembayaran drafts and other transfer instruction media.
lainnya. Giro dinyatakan sebesar nilai titipan Demand deposits are stated at the amounts
pemegang giro di Grup. entrusted to the Group by the depositors.
80
Page 716
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
u. Simpanan (lanjutan) u. Deposits (continued)
Giro Wadiah merupakan titipan dana pihak Wadiah demand deposits represent entrusted
ketiga yang setiap saat tersedia untuk third party funds which are available for
dikembalikan dan dapat diberikan bonus sesuai withdrawal at any time and earn bonus based
kebijakan Grup. Giro Wadiah dinyatakan on the Group’s policy. Wadiah demand deposits
sebesar nilai titipan pemegang giro di Grup. are stated at the amounts invested by the
depositors in the Group.
Tabungan merupakan simpanan nasabah yang Savings deposits represent customer funds
penarikannya hanya dapat dilakukan nasabah which can be withdrawn by the depositors only
sesuai dengan persyaratan tertentu yang under certain conditions. Savings deposits are
disepakati. Tabungan dinyatakan sebesar nilai stated at the agreed amounts due to the
kewajiban pada pemilik tabungan. depositors.
Tabungan Wadiah merupakan simpanan pihak Wadiah savings deposits represent third party
lain yang mendapatkan bonus berdasarkan funds which earn bonus based on the Group’s
kebijaksanaan Grup. Tabungan Wadiah policy. Wadiah savings deposits are stated at
dinyatakan sebesar nilai investasi pemegang the amounts invested by the depositors in the
tabungan di Grup. Group.
Deposito berjangka merupakan simpanan Time deposits represent customer funds which
nasabah yang penarikannya hanya dapat can be withdrawn by the depositors only on
dilakukan nasabah pada waktu tertentu sesuai specific maturity dates based on the
dengan perjanjian antara pemegang deposito agreements between the depositors and the
berjangka dengan Grup. Deposito berjangka Group. Time deposits are stated at the nominal
dinyatakan sebesar nilai nominal yang amounts stated in the certificates issued by the
tercantum dalam sertifikat yang diterbitkan oleh Group in accordance with the agreements
Grup, sesuai dengan perjanjian antara between the depositors and the Group.
pemegang deposito berjangka dengan Grup.
Simpanan nasabah diklasifikasikan sebagai Deposits from customers are classified as other
liabilitas keuangan lainnya dan diukur pada financial liabilities and measured at amortized
biaya perolehan amortisasi menggunakan suku cost using the effective interest method except
bunga efektif kecuali simpanan yang for sharia deposits which are stated at the
didasarkan pada prinsip perbankan syariah Group’s liability to the customers. Incremental
yang dinyatakan sebesar kewajiban Grup costs that can be attributed directly to the
kepada nasabah. Biaya tambahan yang dapat acquisition of deposits from customers are
diatribusikan secara langsung kepada deducted from total deposits received.
perolehan simpanan nasabah, dikurangkan dari
jumlah simpanan yang diterima.
81
Page 717
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
v. Simpanan dari bank lain v. Deposits from other banks
Simpanan dari bank lain merupakan kewajiban Deposits from other banks represent liabilities
kepada bank lain, dalam bentuk tabungan, giro, to other banks, in the form of savings deposits,
deposito berjangka, dan inter-bank call money. demand deposits, time deposits and inter-bank
call money.
Di dalam simpanan dari bank lain termasuk Deposits from other banks include sharia
simpanan syariah dalam bentuk giro wadiah. deposits in the form of wadiah demand
deposits.
Simpanan dari bank lain diklasifikasikan Deposits from other banks are classified as
sebagai liabilitas keuangan lain dan diukur pada other financial liabilities and measured at
biaya perolehan diamortisasi menggunakan amortized cost using the effective interest
suku bunga efektif kecuali simpanan syariah method except for sharia deposits which are
yang dinyatakan sebesar nilai kewajiban Grup stated at the Group’s liability amount to the
kepada nasabah. Biaya tambahan yang dapat customer. Incremental costs that can be
diatribusikan secara langsung kepada attributed directly to the acquisition of deposits
perolehan simpanan dari bank lain dikurangkan from other banks are deducted from the total
dari jumlah simpanan yang diterima. deposits received.
w. Efek-efek yang dibeli dengan janji dijual w. Securities purchased under agreement to
kembali dan efek-efek yang dijual dengan resell and securities sold under agreement
janji dibeli kembali to repurchase
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreement to resell
Efek-efek yang dibeli dengan janji untuk dijual Securities purchased under agreement to resell
kembali disajikan sebagai aset keuangan dalam are presented as financial assets in the
laporan posisi keuangan sebesar jumlah statement of financial position, at the net resale
penjualan kembali dikurangi dengan bunga price of unamortized interest and net of
yang belum diamortisasi dan cadangan allowance for impairment losses.
kerugian penurunan nilai.
Selisih antara harga beli dan harga jual kembali The difference between the purchase price and
diperlakukan sebagai pendapatan bunga yang the resale price is treated as unearned interest
ditangguhkan (belum diamortisasi) dan diakui income (unamortized) and recognized as
sebagai pendapatan selama periode sejak income over the period starting from when
efek-efek tersebut dibeli hingga dijual kembali those securities are purchased until they are
dengan menggunakan suku bunga efektif. resold using effective interest rate.
Efek-efek yang dibeli dengan janji untuk dijual Securities purchased under agreement are
kembali diklasifikasikan diukur pada biaya classified as amortized costs.
perolehan amortisasi.
Efek-efek yang dijual dengan janji untuk dibeli Securities sold under agreements to
kembali disajikan sebagai liabilitas dalam repurchase are presented as liabilities in the
laporan posisi keuangan sebesar jumlah statement of financial position, at the
pembelian kembali, dikurangi dengan bunga repurchase price, net of unamortized prepaid
dibayar dimuka yang belum diamortisasi. interest.
82
Page 718
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
w. Efek-efek yang dibeli dengan janji dijual w. Securities purchased under agreement to
kembali dan efek-efek yang dijual dengan resell and securities sold under agreement
janji dibeli kembali (lanjutan) to repurchase (continued)
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreement to resell
(lanjutan) (continued)
Selisih antara harga jual dan harga beli kembali The difference between the selling price and the
diperlakukan sebagai biaya dibayar dimuka dan repurchase price is treated as prepaid
diakui sebagai beban selama jangka waktu expenses and recognized as expense over the
sejak efek-efek tersebut dijual hingga dibeli period starting from when those securities are
kembali menggunakan metode suku bunga sold until they are repurchased using the
efektif. effective interest method.
Efek-efek yang dijual dengan janji untuk dibeli Securities sold under agreement to repurchase
kembali diklasifikasikan sebagai liabilitas are classified as financial liabilities measured at
keuangan yang diukur dengan biaya perolehan amortized cost.
diamortisasi.
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreement to resell
atas surat berharga syariah of sharia-compliant securities
Bank mencatat transaksi efek-efek yang dibeli The Bank records securities purchased under
dengan janji dijual kembali mengacu ke resale agreements in accordance with
PSAK No. 411 tentang “Akuntansi Wa’d” yang SFAS No. 411 on “Accounting for Wa’d” which
berlaku secara prospektif. Pada saat is implemented prospectively. At initial
pengakuan awal, Bank mengklasifikasikan recognition, the Bank classifies the underlying
surat berharga syariah yang diperoleh dari securities from the first sale and purchase
transaksi jual beli pertama dalam kategori transaction as at fair value through other
diukur pada nilai wajar melalui penghasilan comprehensive income. Gain or losses arising
komprehensif lain. Keuntungan atau kerugian from changes in its fair value is recorded as
dari perubahan nilai wajar diakui dalam other comprehensive income.
penghasilan komprehensif lain.
x. Surat-surat berharga yang diterbitkan x. Securities issued
Surat-surat berharga yang diterbitkan Bank Securities issued by Bank consist of bonds,
adalah obligasi, Long Term Note (LTN) dan Long Term Note (LTN) and Sukuk Mudharabah.
Sukuk Mudharabah.
Surat berharga yang diterbitkan diakui sebesar The securities issued are recognized initially at
nilai wajar pada awalnya dan selanjutnya diukur fair value and subsequently measured at
sebesar biaya perolehan diamortisasi dengan amortized cost using the effective interest rate
menggunakan metode suku bunga efektif (EIR). (EIR) method.
Biaya perolehan diamortisasi dihitung dengan Amortized cost is calculated by taking into
memperhitungkan adanya diskonto atau premi account any discount or premium associated
terkait dengan pengakuan awal dan biaya related to the initial recognition and transaction
transaksi yang tidak terpisah dari suku bunga costs that are an integral part of the effective
efektif. interest rate.
83
Page 719
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
y. Pinjaman yang diterima y. Fund borrowings
Pinjaman yang diterima merupakan dana yang Fund borrowings are funds received by
diterima oleh Grup dari Bank Indonesia, the Group’s from Bank Indonesia, the
pemerintah dan lembaga pembiayaan lain government and other financing institutions with
dengan kewajiban pembayaran berdasarkan payment obligation based on borrowing
perjanjian pinjaman. agreements.
Pinjaman yang diterima diakui sebesar nilai Fund borrowings are recognized initially at fair
wajar pada awalnya dan selanjutnya diukur value and subsequently measured at amortized
sebesar biaya perolehan diamortisasi dengan cost using the effective interest rate (EIR)
menggunakan metode suku bunga efektif (EIR). method. Amortized cost is calculated by taking
Biaya perolehan diamortisasi dihitung dengan into account any discount or premium
memperhitungkan adanya diskonto atau premi associated related to the initial recognition and
terkait dengan pengakuan awal dan biaya transaction costs that are an integral part of the
transaksi yang tidak terpisah dari suku bunga effective interest rate.
efektif.
z. Pinjaman subordinasi z. Subordinated loans
Pinjaman subordinasi diakui sebesar nilai wajar Subordinated loans are recognized initially at
pada awalnya dan selanjutnya diukur sebesar fair value and subsequently measured at
biaya perolehan diamortisasi dengan amortized cost using the effective interest rate
menggunakan metode suku bunga efektif. method. Amortized cost is calculated by taking
Biaya perolehan diamortisasi dihitung dengan into account any discount or premium
memperhitungkan adanya diskonto atau premi associated related to the initial recognition and
terkait dengan pengakuan awal dan biaya transaction costs that are an integral part of the
transaksi yang tidak terpisah dari suku bunga effective interest rate.
efektif.
aa. Modal saham aa. Capital stock
Modal saham diukur pada nilai nominal untuk Capital stock is measured at par value for all
semua saham yang diterbitkan. shares issued.
ab. Saldo laba ab. Retained earnings
Saldo laba merupakan saldo kumulatif dari hasil Retained earnings represent the cumulative
operasi Grup, pembagian dividen, penyesuaian balance of the Group’s results of operations,
periode sebelumnya, efek dari perubahan dividend distributions, prior period adjustments,
kebijakan akuntansi dan penyesuaian modal effects of the changes in accounting policy and
lainnya. other capital adjustments.
ac. Dana syirkah temporer ac. Temporary syirkah funds
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent investments
dengan akad mudharabah mutlaqah, yaitu from other parties conducted on the basis
pemilik dana (shahibul maal) memberikan mudharabah mutlaqah contract in which the
kebebasan kepada pengelola dana owners of the funds (shahibul maal) grant
(mudharib/BTN Unit Syariah) dalam freedom to the fund manager (mudharib/BTN
pengelolaan investasinya dengan keuntungan Sharia Unit) in the management of their
dibagikan sesuai kesepakatan. Dana syirkah investments with profit distributed based on the
temporer terdiri dari giro mudharabah, contract. Temporary syirkah funds consist of
tabungan mudharabah, dan deposito mudharabah current accounts, mudharabah
mudharabah. saving deposits, and mudharabah time
deposits.
84
Page 720
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ac. Dana syirkah temporer (lanjutan) ac. Temporary syirkah funds (continued)
Giro dan tabungan mudharabah merupakan Mudharabah current accounts and saving
investasi yang bisa ditarik sewaktu-waktu deposits represent investment which could be
(on call) atau sesuai dengan persyaratan withdrawn anytime (on call) or can be withdrawn
tertentu yang disepakati. Giro dan tabungan based on certain agreed terms. Mudharabah
mudharabah dinyatakan sebesar saldo giro dan current accounts and savings deposits are
tabungan nasabah di Grup. stated based on the customer’s demand and
savings deposit balance in the Group.
Deposito mudharabah merupakan investasi Mudharabah time deposits represent
yang hanya bisa ditarik pada waktu tertentu investment that can only be withdrawn at a
sesuai dengan perjanjian antara pemegang certain time based on the agreement between
deposito mudharabah dengan Grup. Deposito the customer and the Group. Mudharabah time
mudharabah dinyatakan sebesar nilai nominal deposits are stated at nominal amount as
sesuai dengan perjanjian antara pemegang agreed between the deposit holder and the
deposito dengan Grup. Group.
Dana syirkah temporer tidak dapat digolongkan Temporary syirkah fund cannot be classified as
sebagai kewajiban. Hal ini karena BTN Unit liability. This was due to the BTN Sharia Unit
Syariah tidak berkewajiban untuk does not have any liability to return the initial
mengembalikan jumlah dana awal dari pemilik fund to the owners, except for losses due to
dana kecuali akibat kelalaian atau wanprestasi BTN Sharia Unit’s management negligence or
dari manajemen BTN Unit Syariah ketika default of loss is incurred. On the other hand,
mengalami kerugian. Di sisi lain dana syirkah temporary syirkah fund cannot be classified as
temporer tidak dapat digolongkan sebagai shareholders’ equity, because of the maturity
ekuitas karena mempunyai waktu jatuh tempo period and the depositors do not have the same
dan pemilik dana tidak mempunyai hak rights as the shareholders’ such as voting rights
kepemilikan yang sama dengan pemegang and the rights of realized gain from current
saham seperti hak voting dan hak atas realisasi assets and other non-investment accounts.
keuntungan yang berasal dari aset lancar dan
aset non-investasi (current and other
non-investment accounts).
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds receives
imbalan bagi hasil sesuai dengan nisbah yang a return from the profit sharing based on
ditetapkan. a predetermined ratio.
Hak nasabah atas bagi hasil dana syirkah Third party share on returns of temporary
temporer merupakan bagian bagi hasil milik syirkah funds represents customer’s share on
nasabah yang didasarkan pada prinsip the Group’s income derived from the
mudharabah atas hasil pengelolaan dana management of their funds by the Group under
mereka oleh Grup. Pendapatan yang dibagikan mudharabah principles. Income that will be
adalah yang telah diterima (cash basis). distributed is the cash received (cash basis).
Pembagian hasil usaha dilakukan berdasarkan The distribution of revenue is based on profit
prinsip bagi hasil usaha yaitu dari pendapatan sharing scheme on the Group’s gross profit
Grup yang diterima berupa laba kotor (gross margin.
profit margin).
85
Page 721
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ac. Dana syirkah temporer (lanjutan) ac. Temporary syirkah funds (continued)
Pendapatan marjin dan bagi hasil atas Margin income and profit sharing on financing
pembiayaan yang diberikan dan atas aset facilities and other earning assets are
produktif lainnya akan dibagikan kepada distributed to fund owners and the Group based
nasabah penyimpan dana dan Grup sesuai on proportion of fund used in the financing and
dengan proporsi dana yang dipakai dalam other earning assets. Margin income and profit
pembiayaan yang diberikan dan aset produktif sharing income allocated to the fund owners are
lainnya. Selanjutnya, pendapatan marjin dan then distributed to fund owners and depositors
bagi hasil yang tersedia untuk nasabah as shahibul maal and the Group as mudharib
tersebut kemudian dibagihasilkan ke nasabah based on a predetermined ratio (nisbah).
penabung dan deposan sebagai shahibul maal Margin income and profit sharing from financing
dan Grup sebagai mudharib sesuai porsi bagi facilities and other earning assets using the
hasil yang telah disepakati bersama Group's funds, are entirely shared for the
sebelumnya (nisbah). Pendapatan marjin dan Group, including income from the Group's
bagi hasil dari pembiayaan dan aset produktif fee-based transactions.
lainnya yang memakai dana Grup, seluruhnya
menjadi milik Grup, termasuk pendapatan dari
investasi Grup berbasis imbalan.
ad. Pendapatan dan beban bunga ad. Interest income and expense
Pendapatan dan beban bunga diakui pada Interest income and expenses are recognized
laporan laba rugi dan penghasilan in the statement of profit or loss and other
komprehensif lain dengan menggunakan comprehensive income using the effective
metode suku bunga efektif. Suku bunga efektif interest rate method. The effective interest rate
adalah suku bunga yang secara tepat is the rate that exactly discounts the estimated
mendiskontokan estimasi pembayaran atau future cash payments or receipts over the
penerimaan kas di masa datang selama expected life of the financial instrument (or,
perkiraan umur dari aset keuangan atau where appropriate, a shorter period) to obtain
liabilitas keuangan (atau, jika lebih tepat, the carrying amount of the financial asset or
digunakan periode yang lebih singkat) untuk financial liability.
memperoleh nilai tercatat bersih dari aset
keuangan atau liabilitas keuangan.
Pada saat menghitung suku bunga efektif, Grup When calculating the effective interest rate,
mengestimasi arus kas di masa datang dengan the Group estimates future cash flows
mempertimbangkan seluruh persyaratan considering all contractual terms of the financial
kontraktual dalam instrumen keuangan instrument but not future credit losses. This
tersebut, tetapi tidak mempertimbangkan calculation includes all commissions, fees, and
kerugian kredit di masa mendatang. other forms received by the parties in the
Perhitungan ini mencakup seluruh komisi, contract that are an integral part of the effective
provisi, dan bentuk lain yang diterima oleh para interest rate.
pihak dalam kontrak yang merupakan bagian
tidak terpisahkan dari suku bunga efektif.
Jika aset keuangan atau nilai kelompok aset If a financial asset or group of similar financial
keuangan serupa telah diturunkan sebagai assets’ value has diminished as a result
akibat kerugian penurunan nilai, maka of impairment losses, interest income
pendapatan bunga yang diperoleh setelahnya subsequently obtained is recognized based on
diakui berdasarkan suku bunga yang digunakan the interest rate used to discount future cash
untuk mendiskonto arus kas masa datang flows in calculating impairment losses.
dalam menghitung kerugian penurunan nilai.
86
Page 722
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ae. Pendapatan provisi dan komisi ae. Fees and commissions
Pendapatan provisi dan komisi yang berkaitan Fees and commissions directly related to
langsung dengan kegiatan pinjaman, atau lending activities, or fee and commission
pendapatan provisi dan komisi yang income which relates to a specific period, is
berhubungan dengan jangka waktu tertentu, amortized over the term of the contract using
diamortisasi sesuai dengan jangka waktu the effective interest method and classified as
kontrak menggunakan metode suku bunga part of interest income in the statement of profit
efektif dan diklasifikasikan sebagai bagian dari or loss and other comprehensive income.
pendapatan bunga pada laporan laba rugi dan
penghasilan komprehensif lain.
Pendapatan provisi dan komisi yang tidak Fees and commissions that are not related to
berkaitan dengan kegiatan pemberian kredit the credit activity or a period of time and/or
atau suatu jangka waktu dan/atau terkait associated with the service provided, are
dengan pemberian suatu jasa, diakui sebagai recognized as revenue at the time of the
pendapatan pada saat terjadinya transaksi dan transaction and recorded under other operating
dicatat pada akun pendapatan operasional income.
lainnya.
af. Pendapatan bagi hasil dan beban bonus af. Sharia profit sharing income and bonus
secara syariah expense
Pendapatan bagi hasil secara syariah Sharia profit sharing income represents income
merupakan pendapatan istishna, marjin from istishna, margin from murabahah and
murabahah dan bagi hasil pembiayaan profit-sharing on mudharabah and musyarakah
mudharabah dan musyarakah serta aset financing and other earning assets which are
produktif lainnya yang diakui dengan recognized on the accrual basis. Sharia
menggunakan metode akrual. Beban secara expense represents the bonus distribution and
syariah merupakan distribusi bonus dan bagi profit-sharing to fund owners which are
hasil kepada pemilik dana yang diakui recognized on an accrual basis.
berdasarkan metode akrual.
Pendapatan istishna diakui apabila telah terjadi Income from istishna is recognized at the date
penyerahan barang. of transfer of assets.
Pendapatan atas piutang murabahah Income from murabahah receivables using the
menggunakan metode setara tingkat imbal hasil effective rate of return method (effective
efektif (marjin efektif). Marjin efektif adalah margin). Effective margin is the margin that
margin yang secara tepat mendiskontokan precisely discounts the estimated future cash
estimasi pembayaran atau penerimaan kas di payments or receipts through the expected
masa datang selama perkiraan umur dari life of the murabahah receivables. When
piutang murabahah. Pada saat menghitung calculating the effective margin, the Group
marjin efektif, Grup mengestimasi arus kas di estimates the future cash flows considering all
masa datang dengan mempertimbangkan contractual terms of the financial instrument, but
seluruh persyaratan kontraktual dalam does not consider the loss of receivables in the
instrumen keuangan tersebut, tetapi tidak future. This calculation includes all
mempertimbangkan kerugian piutang di masa commissions, provision fees and other forms
mendatang. Perhitungan ini mencakup seluruh accepted by the parties in the contract that are
komisi, provisi dan bentuk lain yang diterima an inseparable part of the effective margin,
oleh para pihak dalam kontrak yang merupakan transaction costs and all other premiums or
bagian tak terpisahkan dari marjin efektif, biaya discounts.
transaksi, dan seluruh premi atau diskon
lainnya.
87
Page 723
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
af. Pendapatan bagi hasil dan beban bonus af. Sharia profit sharing income and bonus
secara Syariah (lanjutan) expense (continued)
Pendapatan bagi hasil pembiayaan Mudharabah and musyarakah income are
mudharabah dan musyarakah diakui pada saat recognized when cash is received or in a period
diterima atau dalam periode terjadinya hak bagi where the right of revenue sharing is due based
hasil sesuai porsi bagi hasil (nisbah) yang on agreed portion (nisbah).
disepakati.
ag. Imbalan kerja ag. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, Short-term employee benefits such as wages,
iuran jaminan sosial, cuti jangka pendek, bonus social security contributions, short-term
dan imbalan non-moneter lainnya diakui selama compensated leaves, bonuses and other non-
periode jasa diberikan. Imbalan kerja jangka monetary benefits are recognized during the
pendek dihitung sebesar jumlah yang tidak period when services have been rendered.
didiskontokan. Short-term employee benefits are measured
using undiscounted amounts.
Program pensiun iuran pasti Defined contribution plan
Iuran kepada dana pensiun sebesar persentase Contribution payable to a pension fund
tertentu gaji pegawai yang menjadi peserta equivalent to a certain percentage of salaries
program pensiun iuran pasti Bank, for qualified employees under the Bank’s
dicadangkan dan diakui sebagai biaya ketika defined contribution plan is accrued and
jasa telah diberikan oleh pegawai-pegawai recognized as expense when services have
tersebut. Pembayaran dikurangkan dari utang been rendered by qualified employees. Actual
iuran. Iuran terutang dihitung berdasarkan payments are deducted from the contribution
jumlah yang tidak didiskontokan. payable. Contribution payable is measured
using undiscounted amounts.
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya employee benefits
Imbalan pasca-kerja dicadangkan dan diakui The post-employment benefits are accrued and
sebagai biaya ketika jasa telah diberikan oleh recognized as expense when services have
pegawai yang menjadi peserta program been rendered by employees who are
pensiun Bank. Imbalan kerja ditentukan participants in the Bank’s pension program. The
berdasarkan peraturan Bank dan benefits are determined based on the Bank’s
Undang-undang Cipta Kerja No. 06 tahun 2023 regulations and Job Creation (Undang-Undang
tanggal 31 Maret 2023 (“Undang-Undang”). Cipta Kerja) No. 06 year 2023 dated March 31,
2023 (Law).
88
Page 724
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ag. Imbalan kerja (lanjutan) ag. Employee benefits (continued)
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya (lanjutan) employee benefits (continued)
Imbalan pasca-kerja dan imbalan kerja jangka The post-employment benefits and other long-
panjang lainnya secara aktuaris ditentukan term employee benefits are actuarially
berdasarkan metode Projected Unit Credit. determined using the Projected Unit Credit
method.
Pengukuran kembali atas liabilitas (aset) Remeasurement of defined benefit liabilities
imbalan pasti neto, yang diakui sebagai (assets) net, which is recognized as other
penghasilan komprehensif lain, terdiri atas: comprehensive income consist of:
(i) Keuntungan dan kerugian aktuarial. (i) Actuarial gain and losses.
(ii) Imbal hasil atas aset program, tidak (ii) Return on plan assets, excluding amounts
termasuk jumlah yang dimasukkan dalam that is included in net interest on liabilities
bunga neto atas liabilitas (aset). (assets).
(iii) Setiap perubahan dampak batas aset, (iii) The effect of the asset ceiling, excluding
tidak termasuk jumlah yang dimasukkan amounts included in the net interest of
dalam bunga neto atas liabilitas (aset). liabilities (assets).
Pengukuran kembali atas liabilitas (aset) Remeasurement of defined benefit liabilities
imbalan pasti neto, yang diakui sebagai (assets) - net, which is recognized as other
penghasilan komprehensif lain tidak comprehensive income is not reclassified to
direklasifikasi ke laba rugi pada periode profit or loss in the subsequent period.
berikutnya.
Untuk imbalan kerja jangka panjang lain atas For other long-term employee benefits which
biaya jasa kini, biaya bunga neto atas liabilitas are current service cost, net interest expense
(aset) imbalan pasti neto, dan pengukuran of net defined benefit assets liabilities (assets),
kembali liabilitas (aset) imbalan pasti neto and re-measurement of liability (asset) is
langsung diakui pada laporan laba rugi dan recognized immediately in the current year
penghasilan komprehensif lain tahun berjalan. statement of profit or loss and other
comprehensive income.
Biaya jasa lalu diakui sebagai beban pada Past service costs are recognized as expense
tanggal yang lebih awal antara ketika at the earlier date between the amendments or
amandemen atau kurtailmen program terjadi, curtailment program occurs, and when the
dan ketika biaya restrukturisasi atau pesangon costs of restructuring or severance is
diakui, sehingga biaya jasa lalu yang belum recognized, therefore, unvested past service
vested tidak lagi dapat ditangguhkan dan diakui cost can no longer be deferred and recognized
selama periode vesting masa depan. over the future vesting period.
89
Page 725
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ah. Transaksi dan saldo dalam mata uang asing ah. Foreign currency transactions and balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailing at
transaksi dilakukan. Pada tanggal laporan the time the transactions are made. At
posisi keuangan konsolidasian, aset dan statement of consolidated financial position
liabilitas moneter dalam mata uang asing dates, monetary assets and liabilities
dijabarkan ke dalam mata uang Rupiah denominated in foreign currencies are
berdasarkan kurs spot Reuters pada tanggal translated into Rupiah based on Reuters’ spot
tersebut pukul 15.00 WIB. Laba atau rugi kurs rates at 15.00 WIB (West Indonesian local time)
yang terjadi diakui di dalam laporan laba rugi on that date. The resulting gains or losses are
dan penghasilan komprehensif lain recognized in the consolidated statement of
konsolidasian tahun berjalan. profit or loss and other comprehensive income
for the current year.
Pada tanggal 31 Desember 2025 dan 2024 kurs As of December 31, 2025 and 2024 the
yang digunakan untuk menjabarkan mata uang exchange rates used in translating the foreign
asing ke dalam Rupiah adalah sebagai berikut currencies into Rupiah are as follows (full
(Rupiah penuh): Rupiah):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
1 Dolar Amerika Serikat 16.675,00 16.095,00 1 United States Dollar
1 Dolar Australia 11.152,23 10.013,51 1 Australian Dollar
1 Pound Sterling Inggris 22.439,55 20.218,54 1 Great Britain Pound Sterling
1 Euro Eropa 19.571,45 16.758,12 1 European Euro
1 Yen Jepang 106,50 103,03 1 Japanese Yen
1 Ringgit Malaysia 4.108,16 3.597,86 1 Malaysian Ringgit
1 Dolar Hong Kong 2.142,30 2.073,11 1 Hong Kong Dollar
1 Riyal Arab Saudi 4.446,50 4.284,00 1 Saudi Arabian Riyal
1 Renminbi 2.384,72 2.204,99 1 Renminbi
1 Dolar Singapura 12.965,05 11.844,58 1 Singapore Dollar
ai. Pajak penghasilan ai. Income tax
Beban pajak tahun berjalan ditetapkan Current tax expense is provided based on the
berdasarkan taksiran penghasilan kena pajak estimated taxable income for the current year.
tahun berjalan. Aset dan liabilitas pajak Deferred tax assets and liabilities are
tangguhan diakui atas perbedaan temporer recognized for temporary differences between
aset dan liabilitas antara pelaporan komersial the financial and the tax bases of assets and
dan pajak pada setiap tanggal pelaporan. liabilities at each reporting date.
Aset pajak tangguhan diakui untuk seluruh Deferred tax assets are recognized for all
perbedaan temporer yang boleh dikurangkan deductible temporary differences and carry
dan saldo rugi fiskal yang belum forward of uncompensated tax losses to the
dikompensasikan, sepanjang perbedaan extent that it is probable for temporary
temporer dan rugi fiskal yang belum differences and carry forward of
dikompensasikan tersebut dapat dimanfaatkan uncompensated tax losses to be utilized in
untuk mengurangi laba fiskal pada masa yang deducting future taxable profit.
akan datang.
90
Page 726
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ai. Pajak penghasilan (lanjutan) ai. Income tax (continued)
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal posisi keuangan dan nilai reviewed at each reporting date and reduced to
tercatat aset pajak tangguhan tersebut the extent that it is no longer probable that
diturunkan apabila tidak lagi terdapat sufficient taxable profits will be available to
kemungkinan besar bahwa laba fiskal yang allow all or part of the benefit of the deferred tax
memadai akan tersedia untuk assets to be utilized.
mengkompensasi sebagian atau semua
manfaat aset pajak tangguhan.
Aset dan kewajiban pajak tangguhan diukur Deferred tax assets and liabilities are measured
berdasarkan tarif pajak yang akan berlaku pada at the tax rates that are expected to apply to the
tahun saat aset direalisasikan atau liabilitas year when the asset is realized or the liability is
diselesaikan berdasarkan peraturan settled based on tax laws that have been
perpajakan yang berlaku atau yang secara enacted or substantively enacted as at
substantif telah diberlakukan pada tanggal statement financial position date.
laporan posisi keuangan.
Pengaruh pajak terkait dengan penyisihan The related tax effects of the provisions for
untuk dan/atau pembalikan seluruh perbedaan and/or reversals of all temporary differences
temporer selama tahun berjalan, termasuk during the year, including the effect of change
pengaruh perubahan tarif pajak, diakui sebagai in tax rates, are recognized as “Income Tax
“Beban Pajak Penghasilan - Tangguhan” dan Expense - Deferred” and included in the
termasuk dalam laba atau rugi neto tahun determination of net profit or loss for the year,
berjalan, kecuali untuk transaksi-transaksi yang except to the extent that they relate to items
sebelumnya telah langsung dibebankan atau previously charged or credited to equity.
dikreditkan ke ekuitas.
Perubahan terhadap liabilitas pajak diakui pada Amendment to tax obligation is recorded when
saat surat ketetapan pajak diterima, atau an assessment letter is received or, if objected
apabila diajukan keberatan dan atau banding to or appealed against by the Group, when the
oleh Grup, pada saat telah ada keputusan atas result of such appeal or objection is determined.
banding dan atau keberatan tersebut.
Dalam menentukan jumlah pajak kini dan In determining the amount of current and
tangguhan, Grup memperhitungkan dampak deferred tax, the Group takes into account the
atas posisi pajak yang tidak pasti dan tambahan impact of uncertain tax positions and any
pajak serta penalti. Hal ini termasuk juga additional taxes and penalties. This includes
melakukan evaluasi terhadap surat ketetapan evaluation on tax assessment letters received
pajak yang diterima dari kantor pajak. from tax authorities.
Aset dan liabilitas atas pajak tangguhan dan Assets and liabilities on deferred tax and
pajak kini dapat saling hapus apabila terdapat current tax can be offset if there is a legal
hak yang berkekuatan hukum untuk melakukan enforceable right to offset.
saling hapus.
91
Page 727
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
aj. Pelaporan segmen aj. Segment reporting
Informasi segmen diungkapkan untuk Segment information is disclosed to enable
memungkinkan pengguna laporan keuangan users of financial statements to evaluate the
untuk mengevaluasi sifat dan dampak nature and financial effects of the business
keuangan dari aktivitas bisnis yang mana Grup activities in which the Group is involved in and
terlibat dalam lingkungan ekonomi dimana the economic environment where the Group
Grup beroperasi. operates.
Segmen operasi adalah suatu komponen dari An operating segment is a component of an
entitas: entity:
a) Yang terlibat dalam aktivitas bisnis yang a) That engages in business activities from
mana memperoleh pendapatan dan which it may earn revenues and incur
menimbulkan beban (termasuk expenses (including revenues and
pendapatan dan beban terkait dengan expenses relating to transactions with other
transaksi dengan komponen lain dari components of the same entity);
entitas yang sama);
b) Hasil operasinya dikaji ulang secara b) Whose operating results are reviewed
reguler oleh pengambil keputusan regularly by the entity’s chief operating
operasional untuk membuat keputusan decision maker to make decisions about
tentang sumber daya yang dialokasikan resources to be allocated to the segment
pada segmen tersebut dan menilai and assess its performance; and
kinerjanya; dan
c) Tersedia informasi keuangan yang dapat c) For which discrete financial information is
dipisahkan. available.
Grup telah mengidentifikasi dan The Group identifies and discloses financial
mengungkapkan informasi keuangan information based on the business activities
berdasarkan kegiatan bisnis dimana Grup in which the Group engages (business
terlibat (segmen usaha). Segmen segments). Segment revenues, expenses,
pendapatan, biaya, hasil, aset dan income, assets and liabilities include ítems
liabilitas, termasuk bagian yang dapat directly attributable to a segment as well as
diatribusikan langsung kepada segmen, those that can be allocated on a reasonable
serta yang dapat dialokasikan dengan basis to that segment.
dasar yang memadai untuk segmen
tersebut.
ak. Laba per saham dasar ak. Basic earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan dengan jumlah dividing income for the year by the weighted
rata-rata tertimbang saham yang ditempatkan average number of issued and fully paid shares
dan disetor penuh pada tahun yang during the related year.
bersangkutan.
92
Page 728
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
al. Biaya emisi penerbitan saham al. Shares issuance costs
Biaya-biaya emisi efek yang terjadi sehubungan Costs related to the public offering of shares
dengan penawaran saham kepada masyarakat (including pre-emptive rights issue) are
(termasuk penerbitan hak memesan efek deducted from the proceeds and presented as
terlebih dahulu) dikurangkan langsung dari hasil a deduction from the “Additional Paid-in-Capital
emisi dan disajikan sebagai pengurang pada - Net” account, under Equity section in the
akun “Tambahan Modal Disetor - Neto”, statement of financial position.
sebagai bagian dari Ekuitas pada laporan posisi
keuangan.
am. Opsi Saham am. Stock Options
Grup telah memberikan opsi saham kepada The Group has granted stock options to the
Direksi dan pekerja pada posisi dan jabatan Board of Directors and employees of certain
tertentu berdasarkan persyaratan yang telah positions and levels based on established
ditetapkan. Biaya kompensasi saham pada criteria. Cost of stock compensation at the
penerbitan dihitung dengan menggunakan nilai issuance date is calculated using the fair value
wajar dari opsi saham tersebut dan diakui of the stock options and is recognized as part
dalam akun “Beban Tenaga Kerja dan of "Salaries and Employee Benefits Expense"
Tunjangan” menggunakan metode garis lurus using the straight-line method over the vesting
selama masa tunggu (vesting period). period. The accumulation of the stock
Akumulasi dari biaya kompensasi saham diakui compensation cost is recognized as "Stock
sebagai “Opsi Saham” dalam bagian ekuitas. Options" in the equity. The fair value of the
Penentuan nilai wajar dari opsi saham yang stock options granted are calculated using the
diberikan dihitung dengan menggunakan model Binomial-tree option pricing model.
penentuan harga opsi Binomial-tree
an. Provisi an. Provisions
Provisi diakui jika Grup memiliki kewajiban kini Provisions are recognized when the Group has
(baik bersifat hukum maupun bersifat a present obligation (legal or constructive)
konstruktif) yang akibat peristiwa masa lalu, where, as a result of a past event, it is probable
besar kemungkinannya penyelesaian that an outflow of resources embodying
kewajiban tersebut mengakibatkan arus keluar economic benefits will be required to settle the
sumber daya yang mengandung manfaat obligation and a reliable estimate can be made
ekonomi dan estimasi yang andal mengenai of the amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
93
Page 729
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ao. Agunan yang diambil alih ao. Foreclosed collaterals
Agunan yang diambil alih disajikan dalam akun Foreclosed collaterals are included in the
“Aset Lain-lain” “Other Assets” account.
Agunan yang diambil alih (AYDA) adalah aset Foreclosed collaterals represent assets
yang diperoleh Grup baik melalui pelelangan acquired by the Group both from auction and
maupun diluar pelelangan berdasarkan non auction based on voluntary transfer by the
penyerahan secara sukarela oleh pemilik debtor or based on debtor’s approval to sell the
agunan atau berdasarkan kuasa untuk menjual collateral where the debtor could not fulfill their
diluar lelang dari pemilik agunan dalam hal obligations to the Group. Foreclosed collaterals
debitur tidak memenuhi liabilitasnya kepada represent loan collateral that were taken over
Grup. AYDA merupakan jaminan kredit yang as part of loans settlement and presented in
diberikan yang telah diambil alih sebagai bagian “Other Assets”.
dari penyelesaian kredit yang diberikan dan
disajikan pada “Aset Lain-lain”
Agunan yang diambil alih diakui sebesar nilai Foreclosed collaterals are stated at net
neto yang dapat direalisasi atau sebesar nilai realizable value or stated at loan outstanding
outstanding kredit yang diberikan, mana yang amount, whichever is lower. Net realizable
lebih rendah. Nilai neto yang dapat direalisasi value is the fair value of the foreclosed
adalah nilai wajar agunan yang diambil alih collaterals less the estimated costs to sell the
dikurangi dengan estimasi biaya untuk menjual assets. The excess of loan receivable over the
agunan tersebut. Selisih lebih saldo kredit di net realizable value of the foreclosed collateral
atas nilai neto yang dapat direalisasi dari is charged to allowance for impairment losses.
agunan yang diambil alih dibebankan ke dalam The difference between the recorded amount of
akun cadangan kerugian penurunan nilai aset. the foreclosed collateral and the proceeds from
Selisih antara nilai agunan yang diambil alih the sale of such collateral is recorded as a gain
dengan hasil penjualan diakui sebagai or loss at the time of sale.
keuntungan atau kerugian pada saat penjualan.
Beban-beban yang berkaitan dengan Maintenance and repair costs related to
pemeliharaan agunan yang diambil alih foreclosed collaterals are charged as an
dibebankan dalam laporan laba rugi pada saat expense in profit or loss when incurred.
terjadinya.
Bila terjadi penurunan nilai yang bersifat If there is permanent decline in value, the
permanen, maka nilai tercatatnya dikurangi carrying amount of foreclosed collaterals is
untuk mengakui penurunan tersebut dan written down to recognize such permanent
kerugiannya dibebankan dalam laporan laba decline in value and any losses from such write-
rugi. down is recognized in profit or loss.
ap. Instrumen derivatif ap. Derivative Instruments
Instrumen keuangan derivatif diukur dan diakui Derivatives financial instruments are valued and
di laporan posisi keuangan pada nilai wajar. recognized in the statement of financial position
at fair value net of allowance for possible losses.
Setiap kontrak derivatif dicatat sebagai aset Each derivatives contract is recorded as asset
apabila memiliki nilai wajar positif dan sebagai when the fair value is positive and as liability
liabilitas apabila memiliki nilai wajar negatif. when the fair value is negative.
Tagihan dan liabilitas derivatif diklasifikasikan Derivatives receivable and payable are
sebagai aset dan liabilitas keuangan yang classified as financial assets and liabilities
diukur pada nilai wajar melalui laba rugi. measured at fair value through profit or loss.
94
Page 730
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
ap. Instrumen derivatif (lanjutan) ap. Derivative Instruments (continued)
Keuntungan atau kerugian yang terjadi dari Gains or losses resulting from fair value
perubahan nilai wajar diakui dalam laporan laba changes are recognized in the statement of
rugi dan penghasilan komprehensif lain. profit or loss and other comprehensive income.
Nilai wajar instrumen derivatif ditentukan The fair value of derivatives instruments is
berdasarkan diskonto arus kas dan model determined based on discounted cash flows and
penentu harga atau harga yang diberikan oleh pricing models or quoted prices from brokers of
broker (quoted price) atas instrumen lainnya other instruments with similar characteristics,
yang memiliki karakteristik serupa, yang which refers to SFAS No. 113, "Fair Value
mengacu pada PSAK No. 113, “Pengukuran Measurement" (Note 2e).
Nilai Wajar” (Catatan 2e).
Keuntungan atau kerugian dari kontrak derivatif Gains or losses from derivative contracts are
disajikan dalam laporan keuangan berdasarkan presented in the financial statements based on
tujuan Grup atas transaksi yaitu untuk (a) its purpose designated upon acquisition, as (a)
lindung nilai atas nilai wajar, (b) lindung nilai fair value hedge, (b) cash flow hedge, (c) net
atas arus kas, (c) lindung nilai atas investasi investment in a foreign operation hedge, and (d)
bersih pada kegiatan operasi luar negeri dan trading instruments as follows:
(d) instrumen perdagangan, sebagai berikut:
a. Keuntungan atau kerugian dari kontrak a. Gain or loss on a derivative contract
derivatif yang ditujukan dan memenuhi designated and qualified as a fair value
syarat sebagai instrumen lindung nilai atas hedging instrument and the gain or loss
nilai wajar dan keuntungan atau kerugian arising from the changes in fair value of
atas perubahan nilai wajar aset dan liabilitas hedged assets and liabilities is recognised
yang dilindungi, diakui sebagai laba atau as gain or loss that can be set off one
rugi yang dapat saling hapus dalam periode another during the same accounting
akuntansi yang sama. Setiap selisih yang period/year. Any difference representing
terjadi menunjukkan terjadinya hedge ineffectiveness is directly recognized
ketidakefektifan lindung nilai dan secara as gain or loss in current period.
langsung diakui sebagai laba atau rugi
periode berjalan.
b. Bagian efektif dari keuntungan atau b. The effective portion arising from gain or
kerugian atas kontrak derivatif yang loss of derivative contracts, designated as a
ditujukan sebagai lindung nilai atas arus kas cash flow hedge instruments is reported as
dilaporkan sebagai penghasilan other comprehensive income. The hedge
komprehensif lain. Bagian yang tidak efektif ineffective portion is recognized as a gain or
dari lindung nilai dilaporkan sebagai laba loss in the current period.
atau rugi periode berjalan.
c. Keuntungan atau kerugian dari kontrak c. Gain or loss arising from derivative contract
derivatif yang ditujukan sebagai lindung nilai that is designated as a net investment hedge
atas investasi bersih pada kegiatan operasi in a foreign operation is reported as other
luar negeri dilaporkan sebagai penghasilan comprehensive income, as long as the
komprehensif lain, sepanjang transaksi transactions are effectively recognized as
tersebut dianggap efektif sebagai transaksi hedge transactions.
lindung nilai.
d. Keuntungan atau kerugian dari kontrak d. Gain or loss arising from derivative contract
derivatif yang tidak ditujukan sebagai that is not designated as a hedging
instrumen lindung nilai (atau kontrak derivatif instrument (or derivative contract that does
yang tidak memenuhi persyaratan sebagai not qualify as a hedging instrument) is
instrumen lindung nilai) diakui sebagai laba recognized as gain or loss in current period.
atau rugi pada periode berjalan.
95
Page 731
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan Konsolidasian The preparation of the Group’s Consolidated
Grup mengharuskan manajemen untuk membuat Financial Statements requires management to
pertimbangan, estimasi dan asumsi yang make judgments, estimates and assumptions that
mempengaruhi jumlah yang dilaporkan dari affect the reported amounts of revenues, expenses,
pendapatan, beban, aset dan liabilitas, dan assets and liabilities, and the disclosure of
pengungkapan atas liabilitas kontinjensi, pada akhir contingent liabilities, at the end of the reporting
periode pelaporan. Ketidakpastian mengenai period. Uncertainty about these assumptions and
asumsi dan estimasi tersebut dapat mengakibatkan estimates could result in outcomes that require a
penyesuaian material terhadap nilai tercatat aset material adjustment to the carrying amounts of the
dan liabilitas dalam periode pelaporan berikutnya. asset and liability affected in future periods.
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgements are made by
dalam rangka penerapan kebijakan akuntansi Grup management in the process of applying the Group’s
yang memiliki pengaruh paling signifikan atas accounting policies that have the most significant
jumlah yang diakui dalam laporan keuangan effects on the amounts recognized in the
konsolidasian: consolidated financial statements:
Usaha yang berkelanjutan Going concern
Manajemen Grup telah melakukan penilaian atas The Group’s management has made an
kemampuan Grup untuk melanjutkan assessment of the Group’s ability to continue as a
kelangsungan usahanya dan berkeyakinan bahwa going concern and is satisfied that the Group has
Grup memilki sumber daya untuk melanjutkan the resources to continue its business for the
usahanya di masa mendatang. Selain itu, foreseeable future. Furthermore, the Group
manajemen Grup tidak mengetahui adanya management is not aware of any material
ketidakpastian material yang dapat menimbulkan uncertainties that may cast significant doubt to the
keraguan yang signifikan terhadap kemampuan Group’s ability to continue as a going concern.
Grup untuk melanjutkan usahanya. Oleh karena itu, Therefore, the financial statements continues to be
laporan keuangan telah disusun atas dasar usaha prepared on the going concern basis.
yang berkelanjutan.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and financial
liabilities
Grup menetapkan klasifikasi atas aset dan liabilitas The Group determines the classifications of certain
tertentu sebagai aset keuangan dan liabilitas assets and liabilities as financial assets and
keuangan dengan mempertimbangkan bila definisi financial liabilities by judging if they meet the
yang ditetapkan PSAK No. 109, “Instrumen definition set forth in SFAS No. 109, “Financial
Keuangan” dipenuhi. Dengan demikian, aset Instrument”. Accordingly, the financial assets and
keuangan dan liabilitas keuangan diakui sesuai financial liabilities are accounted for in accordance
dengan kebijakan akuntansi Grup seperti with the Group’s accounting policies disclosed in
diungkapkan pada Catatan 2e. Note 2e.
96
Page 732
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Pertimbangan (lanjutan) Judgments (continued)
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by management
dalam rangka penerapan kebijakan akuntansi in the process of applying the Group’s accounting
Grup yang memiliki pengaruh paling signifikan policies that have the most significant effects on
atas jumlah yang diakui dalam laporan keuangan the amounts recognized in the consolidated
konsolidasian: (lanjutan) financial statements: (continued)
Nilai wajar instrumen keuangan Fair value of financial instruments
Semua aset dan liabilitas dimana nilai wajar diukur All assets and liabilities in which fair value is
atau diungkapkan dalam laporan keuangan dapat measured or disclosed in the Financial Statements
dikategorikan pada level hirarki nilai wajar, can be classified in fair value hierarchy levels,
berdasarkan tingkatan input terendah yang based on the lowest level of input that is significant
signifikan atas pengukuran nilai wajar secara to the overall fair value measurement:
keseluruhan:
- Level 1: harga kuotasian (tanpa penyesuaian) - Level 1: quoted prices (without adjustments) in
di pasar aktif untuk aset atau liabilitas yang active markets for identical assets or liabilities
identik yang dapat diakses pada tanggal which are accessible at the measurement date.
pengukuran.
- Level 2: inputs other than quoted prices
- Level 2: input selain harga kuotasian yang
included in level 1 that are observable for the
termasuk dalam level 1 yang dapat diobservasi
assets and liabilities, either directly or indirectly.
untuk aset dan liabilitas, baik secara langsung
atau tidak langsung.
- Level 3: input yang tidak dapat diobservasi - Level 3: inputs that are not observable for the
untuk aset dan liabilitas. assets and liabilities.
Aset keuangan yang tidak memiliki harga pasar Financial assets not quoted in an active market
Grup mengklasifikasikan aset keuangan dengan The Group classifies financial assets by evaluating,
mengevaluasi, antara lain, apakah nilai tersebut among others, whether the asset is quoted or not in
dikutip atau tidak di pasar aktif. Termasuk dalam an active market. Included in the evaluation on
evaluasi mengenai apakah aset keuangan dikutip whether a financial asset is quoted in an active
di pasar aktif adalah penentuan apakah harga market is the determination on whether quoted
pasar dapat segera dan secara teratur tersedia, prices are readily and regularly available, and
dan apakah mereka mewakili harga aktual dan whether those prices represent actual and regularly
teratur terjadi transaksi pasar secara arm’s length. occurring market transactions on an arm’s length
basis.
Kontinjensi Contingencies
Grup sedang terlibat dalam proses hukum. The Group is currently involved in legal
Perkiraan biaya kemungkinan bagi penyelesaian proceedings. The estimate of the probable cost for
klaim telah dikembangkan melalui konsultasi the resolution of claims has been developed in
dengan bantuan konsultan hukum Grup didasarkan consultation with the aid of the external legal
pada analisis hasil yang potensial. Manajemen counsel handling the Group’s defense in this matter
tidak berkeyakinan bahwa hasil dari hal ini akan and is based upon an analysis of potential results.
mempengaruhi hasil usaha. Besar kemungkinan, Management does not believe that the outcome of
bagaimanapun, bahwa hasil operasi di masa depan this matter will affect the results of operations. It is
dapat secara material terpengaruh oleh perubahan probable, however, that future results of operations
dalam estimasi atau efektivitas dari strategi yang could be materially affected by changes in the
terkait dengan hal tersebut. estimates or in the effectiveness of the strategies
relating to these proceedings.
97
Page 733
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal other key sources of estimation uncertainty at the
pelaporan yang memiliki risiko untuk dapat reporting date that have a significant risk of causing
menyebabkan penyesuaian yang material terhadap a material adjustment to the carrying amounts of
nilai tercatat aset dan liabilitas untuk tahun assets and liabilities within the next financial year
berikutnya seperti yang diungkapkan di bawah ini. are disclosed below. The Group based its
Grup mendasarkan asumsi dan estimasi yang assumptions and estimates on parameters
digunakan pada parameter yang tersedia pada saat available when the financial statements were
laporan keuangan disusun. prepared.
Asumsi dan situasi mengenai perkembangan masa Existing circumstances and assumptions about
depan dapat berubah akibat perubahan pasar atau future developments may change due to market
situasi yang timbul di luar kendali Grup. Perubahan changes or circumstances arising beyond the
tersebut dicerminkan dalam asumsi yang control of the Group. Such changes are reflected in
digunakan pada saat terjadinya. the assumptions when they occur.
Cadangan kerugian penurunan nilai dari kredit Allowance for impairment losses on loans and
dan pembiayaan/piutang syariah sharia financing/receivables
Grup menelaah aset keuangan mereka pada nilai The Group reviews their financial assets at fair value
wajar melalui pendapatan komprehensif lain dan through other comprehensive income and financial
aset keuangan pada biaya perolehan diamortisasi assets at amortized cost under SFAS No. 109 which
berdasarkan PSAK No. 109 yang mengharuskan required to recognize the expected credit loss at
untuk mengakui kerugian kredit ekspektasian pada each reporting date to reflect changes in credit risk
setiap tanggal pelaporan untuk mencerminkan of the financial assets not at fair value through profit
perubahan risiko kredit dari aset keuangan tidak or loss. SFAS No. 109 incorporates forward looking
pada nilai wajar melalui laba rugi. PSAK No. 109 and historical, current and forecasted information
menggabungkan informasi forward-looking dan into expected credit loss estimation
historis, terkini dan yang diperkirakan ke dalam
estimasi kerugian kredit ekspektasian.
98
Page 734
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Cadangan kerugian penurunan nilai dari kredit Allowance for impairment losses on loans and
dan pembiayaan/piutang syariah (lanjutan) sharia financing/receivables (continued)
Dalam melakukan peninjauan penurunan nilai, In carrying out the impairment review, the following
penilaian manajemen berikut diperlukan: management‟s judgements are required:
i. Penentuan apakah aset mengalami i. Determination whether the assets is impaired
penurunan nilai berdasarkan indikator tertentu based on certain indicators such as, amongst
seperti, antara lain, kesulitan keuangan others, financial difficulties of the debtor’s,
debitur, penurunan kualitas kredit; dan deterioration of the credit quality of the
debtor’s; and
ii. Penentuan umur kredit ekspektasian yang ii. Determination of expected credit life that
mencerminkan: reflect:
a. Jumlah yang tidak bias dan probabilitas a. An unbiased and probability-weighted
tertimbang yang ditentukan dengan amount that is determined by evaluating
mengevaluasi kemungkinan dari berbagai a range of possible outcomes;
hasil;
b. Nilai waktu dari uang. b. The time value of money.
Penurunan nilai untuk surat berharga Impairment of securities
Grup menentukan bahwa surat berharga memiliki The Group determines that securities are impaired
kriteria penurunan nilai yang sama dengan aset based on the same criteria as financial assets
keuangan yang dicatat pada biaya perolehan carried at amortized cost.
diamortisasi.
Umur ekonomis dari aset tetap Useful lives of premises and equipment
Grup memperkirakan masa manfaat aset tetap The Group estimates the useful lives of premises
berdasarkan periode dimana aset diharapkan akan and equipment based on the period over which the
tersedia untuk digunakan. Masa manfaat ekonomis assets are expected to be available-for-use. The
aset tetap ditinjau secara berkala dan diperbarui estimated useful lives of premises and equipment
jika memiliki ekspektasi yang berbeda dari are reviewed periodically and are updated if
perkiraan sebelumnya, karena kerusakan secara expectations differ from previous estimates due to
fisik dan teknis, atau keusangan secara komersial physical wear and tear, technical or commercial
dan legal atau batasan lainnya atas penggunaan obsolescence and legal or other limits on the use of
aset tersebut. the assets.
Selain hal tersebut, estimasi masa manfaat dari In addition, estimation of the useful lives of
aset tetap didasarkan pada penilaian secara premises and equipment is based on collective
kolektif dengan menggunakan praktik industri, assessment of industry practice, internal technical
teknik evaluasi internal dan pengalaman dengan evaluation and experience with similar assets.
aset serupa.
Tetap dimungkinkan, bagaimanapun, bahwa hasil It remains possible, however, that future outcomes
masa depan dapat secara material dipengaruhi operations could be materially affected by changes
oleh perubahan estimasi yang disebabkan oleh in estimates brought about by changes in factors
perubahan faktor-faktor tersebut di atas. mentioned above.
Jumlah dan saat pencatatan biaya untuk setiap The amounts and timing of recorded expenses for
periode akan dipengaruhi oleh perubahan dari any period would be affected by changes in these
faktor dan keadaan saat pencatatan. Pengurangan factors and circumstances. The reduction in the
taksiran masa manfaat dari aset tetap akan estimated useful lives of premises and equipment
meningkatkan beban operasional yang diakui. would increase the recorded operating expenses.
99
Page 735
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Umur ekonomis dari aset tidak berwujud Useful lives of intangible assets
Grup memperkirakan masa manfaat aset tak The Group estimates the useful life of intangible
berwujud berdasarkan periode dimana aset assets based on the period during which the assets
diharapkan akan tersedia untuk digunakan. Masa are expected to be available for use. The economic
manfaat ekonomis aset tak berwujud ditinjau useful life of intangible assets is reviewed
secara berkala dan diperbarui jika memiliki periodically and updated if there are changes in
ekspektasi yang berbeda dari perkiraan expectations from previous estimates.
sebelumnya.
Berdasarkan rata-rata penggunaan piranti lunak Based on the average usage of software at the
pada Grup, untuk umur manfaat aset tak berwujud Group, the useful life of intangible assets is
ditetapkan oleh unit pengelola aset tak berwujud determined by the intangible asset management
selama 5 Tahun. unit to be 5 years.
Selain hal tersebut, estimasi masa manfaat dari In addition, the estimate of the useful life of
aset tak berwujud didasarkan pada penilaian intangible assets is based on a collective
secara kolektif dengan menggunakan praktik assessment using industry practices, internal
industri teknik evaluasi internal dan pengalaman evaluation techniques, and experience with similar
dengan aset serupa. assets.
Jangka waktu sewa The lease term
Grup menentukan jangka waktu sewa sebagai The Group determines the lease term as a non
jangka waktu sewa yang tidak dapat dibatalkan, cancellable lease term, along with the period
bersama dengan periode yang dicakup oleh opsi covered by the option to extend the lease if it is
untuk memperpanjang masa sewa jika dipastikan reasonably exercised, or any period covered by the
akan dilaksanakan, atau periode apa pun yang option to terminated the lease, if it is reasonable not
dicakup oleh opsi untuk menghentikan sewa, jika to exercise.
cukup wajar untuk tidak dilakukan.
Grup memiliki beberapa kontrak sewa yang The Group has several lease contract that include
mencakup opsi perpanjangan dan penghentian extention option and termination of lease term.
jangka waktu sewa. Grup menerapkan penilaian Group implements the assessment in evaluating
dalam mengevaluasi apakah dapat dipastikan jika whether it ensure to exercise the extention or
akan menggunakan opsi untuk memperpanjang termination option of lease. This assessment is
atau menghentikan sewa. Hal tersebut dilakukan made by considering all relevant facts and
dengan mempertimbangkan seluruh fakta dan circumstances that provide economic incentives for
keadaan yang relevan yang memberikan insentif the extention or termination of the lease. After the
ekonomi untuk melakukan perpanjangan atau commencement date, the Group assesses the
penghentian sewa. Setelah tanggal dimulainya, lease term, if there is an event or significant change
Grup menilai kembali masa sewa, jika terdapat in circumstances that are in control and affects
peristiwa atau perubahan signifikan dalam keadaan whether the Group is reasonable to exercise the
yang berada dalam kendali dan mempengaruhi extention or termination option of the lease.
apakah Grup cukup pasti untuk mengeksekusi opsi
memperpanjang atau menghentikan sewa.
100
Page 736
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Penurunan nilai aset non-keuangan Impairment of non-financial assets
Grup mengevaluasi penurunan nilai aset non- The Group assesses impairment of non-financial
keuangan apabila terdapat kejadian atau assets whenever events or changes in
perubahan keadaan yang mengindikasikan bahwa circumstances indicate that the carrying amount of
nilai tercatat aset non-keuangan tidak dapat non-financial asset may not be recoverable.
dipulihkan kembali.
Faktor-faktor penting yang dapat menyebabkan The factors that the Bank considers important which
penelaahan penurunan nilai adalah sebagai could trigger an impairment review include the
berikut: following:
a) Kinerja yang rendah secara signifikan jika a) significant underperformance relative to
dibandingkan dengan ekspektasi dari hasil expected historical or projected future operating
operasi historis maupun proyeksi hasil operasi results;
di masa yang akan datang;
b) perubahan yang signifikan dalam cara b) significant changes in the manner of use of the
penggunaan aset atau strategi bisnis secara acquired assets or the strategy for overall
keseluruhan; dan business; and
c) Industri atau tren ekonomi yang secara c) significant negative industry or economic
signifikan bernilai negatif. trends.
Grup mengakui kerugian penurunan nilai apabila The Group recognizes an impairment loss
nilai tercatat aset melebihi nilai yang dapat whenever the carrying amount of an asset exceeds
dipulihkan. it’s recoverable amount.
Jumlah terpulihkan adalah nilai yang lebih tinggi The recoverable amount is the higher of an asset’s
antara nilai wajar dikurang biaya pelepasan dengan (or Cash Generating Unit’s) fair value less costs of
nilai pakai aset (atau unit penghasil kas). Jumlah disposals and its value in use. Recoverable
terpulihkan diestimasi untuk aset individual atau, amounts are estimated for individual assets or, if it
jika tidak memungkinkan, untuk unit penghasil kas is not possible, for the Cash Generating Unit to
yang mana aset tersebut merupakan bagian which the asset belongs.
daripada unit tersebut.
Pengakuan aset pajak tangguhan Recognition of deferred tax assets
Aset pajak tangguhan diakui untuk seluruh saldo Deferred tax assets are recognized for all unused
rugi fiskal yang belum digunakan sejauh terdapat tax losses and credits to the extent that it is probable
kemungkinan bahwa saldo rugi tersebut dapat that taxable income will be available against which
dikompensasikan terhadap penghasilan kena the losses can be utilized.
pajak di masa yang akan datang.
Pertimbangan manajemen yang signifikan Significant management judgment is required to
diperlukan untuk menentukan jumlah aset pajak determine the amount of deferred tax assets that
tangguhan yang dapat diakui, sesuai dengan saat can be recognized, based upon the likely timing and
dan jumlah penghasilan kena pajak di masa level of future taxable income together with future
mendatang seiring dengan strategi perencanaan tax planning strategies.
pajak.
101
Page 737
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. USE OF SIGNIFICANT ACCOUNTING
DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Pengakuan aset pajak tangguhan (lanjutan) Recognition of deferred tax assets (continued)
Grup menelaah aset pajak tangguhan pada setiap The Group reviews its deferred tax assets at each
tanggal laporan posisi keuangan dan mengurangi statement of financial position date and reduces the
jumlah tercatat dalam hal tidak adanya lagi carrying amount to the extent that it is no longer
kemungkinan bahwa penghasilan kena pajak yang probable that sufficient taxable income will be
cukup akan tersedia untuk mengkompensasi available to allow all or part of the deferred tax
sebagian atau seluruh aset pajak tangguhan. assets to be utilized.
Pertimbangan signifikan diperlukan dalam Significant judgement is required in determining the
menentukan provisi perpajakan provision for taxes
Grup menentukan provisi perpajakan berdasarkan The Group provides for tax provision based on
estimasi atas kemungkinan adanya tambahan estimates whether the additional taxes will be due.
beban pajak. Jika hasil akhir dari hal ini berbeda Where the final tax outcome of these matters is
dengan jumlah yang dicatat semula, maka different from the amounts that were initially
perbedaan tersebut akan berdampak terhadap recorded, such differences will impact the profit/loss.
laba/rugi.
Nilai kini atas kewajiban pensiun Present value of retirement obligation
Biaya atas program pensiun dan imbalan pasca The cost of defined retirement pension plan and other
kerja lainnya ditentukan dengan perhitungan post employment benefits is determined using
aktuaris. actuarial valuations.
Perhitungan aktuaris melibatkan penggunaan The actuarial valuation involves making assumptions
asumsi mengenai tingkat diskonto, tingkat about discount rates, expected rates of return on
pengembalian yang diharapkan dari aset, assets, future salary increases, mortality rates and
kenaikan gaji di masa depan, tingkat kematian dan disability rate. Due to the long-term nature of these
tingkat kecacatan. Karena program tersebut plans, such estimates are subject to significant
memiliki sifat jangka panjang, maka perkiraan uncertainty.
tersebut memiliki ketidakpastian yang signifikan.
102
Page 738
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS 4. CASH
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah 2.108.594 2.072.074 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 1.621.822 27.044 1.287.963 20.730 United States Dollar
Dolar Singapura 551.917 7.156 513.134 6.078 Singapore Dollar
Euro Eropa 291.005 5.695 170.315 2.854 European Euro
Dolar Australia 198.540 2.214 163.485 1.637 Australian Dollar
Pound Sterling Inggris 54.920 1.232 38.265 774 Great Britain Pound Sterling
Yen Jepang 10.479.000 1.116 3.255.000 335 Japanese Yen
Ringgit Malaysia 175.576 721 84.349 303 Malaysian Ringgit
Riyal Arab Saudi 134.155 596 139.167 596 Saudi Arabian Riyal
Renminbi 118.663 283 61.213 135 Renminbi
Dolar Hong Kong 87.960 188 50.260 104 Hong Kong Dollar
46.245 33.546
Total 2.154.839 2.105.620 Total
Saldo dalam mata uang Rupiah termasuk uang The balance in Rupiah, including cash at
pada Anjungan Tunai Mandiri (ATM) sebesar Automated Teller Machines (ATMs), amounted to
Rp305.540, Rp297.820, masing-masing pada Rp305,540 and Rp297,820, as of
tanggal 31 Desember 2025 dan 2024. December 31, 2025 and 2024, respectively.
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah 33.166.444 21.133.838 Rupiah
Mata uang asing Foreign currency
Dolar Amerika Serikat 37.866.778 631.429 99.787.638 1.606.082 United States Dollar
Total 33.797.873 22.739.920 Total
Dalam giro pada Bank Indonesia termasuk giro Current accounts with Bank Indonesia include
yang didasarkan pada prinsip perbankan syariah current accounts based on sharia banking
sebesar Rp2.967.775 dan Rp2.720.152 principles amounting to Rp2,967,775 and
masing-masing pada tanggal 31 Desember 2025 Rp2,720,152, as of December 31, 2025 and 2024,
dan 2024. respectively.
103
Page 739
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah 84.362 130.372 Rupiah
Mata uang asing Foreign currencies
Yen Jepang 9.284.678.405 988.818 6.876.408.203 708.476 Japanese Yen
Euro Eropa 36.148.423 707.477 11.867.005 198.869 European Euro
Dolar Amerika Serikat 30.676.199 511.525 287.618.441 4.629.219 United States Dollar
Australia Dollar 7.425.643 82.812 6.287.352 62.958 Australian Dollar
Singapura Dollar 4.842.358 62.781 2.551.720 30.224 Singapore Dollar
Pound Sterling Inggris 2.035.767 45.682 9.283.447 187.698 Great Britain Pound Sterling
Renminbi 13.634.474 32.514 1.782.529 3.930 Renminbi
2.431.609 5.821.374
Total 2.515.971 5.951.746 Total
Dikurangi cadangan Less allowance for
kerugian penurunan nilai (2.050) (2.571) impairment losses
Neto 2.513.921 5.949.175 Net
b. Berdasarkan bank b. By bank
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Pihak Ketiga Third Parties
Standard Chartered Bank, Jakarta 40.030 17.916 Standard Chartered Bank, Jakarta
PT Bank Central Asia Tbk 7.880 7.646 PT Bank Central Asia Tbk
PT Bank Maybank Indonesia Tbk 5.303 100.653 PT Bank Maybank Indonesia Tbk
Citibank N.A., Jakarta 925 925 Citibank N.A., Jakarta
Lainnya 792 1.372 Others
54.930 128.512
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 27.954 1.035 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 1.026 412 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 427 212 (Persero) Tbk
PT Bank Syariah Indonesia Tbk 25 201 PT Bank Syariah Indonesia Tbk
29.432 1.860
104
Page 740
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
b. Berdasarkan bank (lanjutan) b. By bank (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Mata uang asing Foreign currencies
Pihak Ketiga Third Parties
Standard Chartered Bank 1.057.626 562.272 Standard Chartered Bank
PT Bank ANZ Indonesia 82.813 62.958 PT Bank ANZ Indonesia
PT Bank Central Asia Tbk 63.031 96.770 PT Bank Central Asia Tbk
PT Bank DBS Indonesia 62.781 30.224 PT Bank DBS Indonesia
PT Bank ICBC Indonesia 32.514 3.930 PT Bank ICBC Indonesia
Indonesische Overzeese Indonesische Overzeese
Bank N.V., Amsterdam 2.043 1.749 Bank N.V., Amsterdam
1.300.808 757.903
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 1.035.475 785.181 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 95.326 4.278.290 PT Bank Mandiri (Persero) Tbk
1.130.801 5.063.471
Total 2.515.971 5.951.746 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (2.050) (2.571) for impairment losses
Neto 2.513.921 5.949.175 Net
Dalam giro pada bank lain termasuk giro yang Current accounts with other banks include
didasarkan pada prinsip perbankan syariah current accounts based on sharia banking
sebesar Rp192 dan Rp201, masing-masing principles amounting to Rp192 dan Rp201, as
pada tanggal 31 Desember 2025 dan 2024. of December 31, 2025 and 2024, respectively.
Berikut adalah perubahan giro pada bank lain Presented below is the movements in
dengan klasifikasi biaya perolehan diamortisasi amortized cost of current account with other
untuk tahun yang berakhir pada tanggal banks for the years ended as of
31 Desember 2025 dan 2024: December 31, 2025 and 2024, respectively:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Current Accounts with
Giro pada Bank Lain Other Banks
Saldo awal 5.949.796 - 1.749 201 5.951.746 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (3.436.060) - 294 (9) (3.435.775) carrying amount
Saldo akhir tahun 2.513.736 - 2.043 192 2.515.971 Balance at the end of year
*) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan” *) Not applying SFAS No. 109 ”Financial Instruments”
105
Page 741
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
b. Berdasarkan bank (lanjutan) b. By bank (continued)
Berikut adalah perubahan giro pada bank lain Presented below is the movements in amortized
dengan klasifikasi biaya perolehan diamortisasi cost of current account with other banks for the
untuk tahun yang berakhir pada tanggal years ended as of December 31, 2025 and
31 Desember 2025 dan 2024 (lanjutan): 2024, respectively (continue):
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Current Accounts with
Giro pada Bank Lain Other Banks
Saldo awal 2.201.420 - 1.778 200 2.203.398 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat 3.748.376 - (29) 1 3.748.348 carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya - - - - - assets
Saldo akhir tahun 5.949.796 - 1.749 201 5.951.746 Balance at the end of year
*) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan” *) Not applying SFAS No. 109 ”Financial Instruments”
c. Tingkat suku bunga rata-rata per tahun untuk c. Average annual interest rates for current
giro pada bank lain adalah sebagai berikut: accounts with other banks are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah 0,32% 0,78% Rupiah
Mata uang asing 0,00% 0,00% Foreign currencies
d. Pada tanggal 31 Desember 2025 dan 2024, d. As of December 31, 2025 and 2024, there are
tidak terdapat saldo giro pada bank lain yang no current accounts with other banks which
digunakan sebagai agunan. are pledged as collateral.
e. Perubahan cadangan kerugian penurunan nilai e. The movements in the allowance for
giro pada bank lain adalah sebagai berikut: impairment losses on current accounts with
other banks are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Saldo awal tahun 2.571 1.804 Balance at beginning of year
Penyisihan (pemulihan) Provision (reversal)
kerugian penurunan selama for impairment losses
tahun berjalan (Catatan 36) (521) 767 during the year (Note 36)
Saldo akhir tahun 2.050 2.571 Balance at the end year
106
Page 742
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
e. Perubahan cadangan kerugian penurunan nilai e. The movements in the allowance for
giro pada bank lain adalah sebagai berikut: impairment losses on current accounts with
(lanjutan) other banks are as follows: (continued)
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Current Accounts with
Giro pada Bank Lain Other Banks
Saldo awal 820 - 1.749 2 2.571 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (815) - 294 - (521) impairment losses
Saldo akhir tahun 5 - 2.043 2 2.050 Balance at the end of year
*) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan” *) Not applying SFAS No. 109 ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Current Accounts with
Giro pada Bank Lain Other Banks
Saldo awal 24 - 1.778 2 1.804 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai 796 - (29) - 767 impairment losses
Saldo akhir tahun 820 - 1.749 2 2.571 Balance at the end of year
Manajemen berpendapat bahwa jumlah The management believes that the allowance
cadangan kerugian atas giro pada bank lain for impairment losses provided on current
yang dibentuk telah memadai. accounts with other banks is adequate.
f. Informasi mengenai klasifikasi aset keuangan f. Information with respect to classification of
yang mengalami penurunan nilai dan tidak impaired and not impaired of financial assets
mengalami penurunan nilai diungkapkan pada are disclosed in Note 47.
Catatan 47.
107
Page 743
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan mata uang dan jenis a. Based on currency and type
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Pihak Ketiga Third Parties
Deposit Facility Syariah Deposit Facility Sharia
Bank Indonesia 8.260.410 1.810.000 Bank Indonesia
Deposit Facility Bank Indonesia - 999.854 Deposit Facility Bank Indonesia
8.260.410 2.809.854
Pihak Berelasi (Catatan 46) Related Party (Note 46)
Tabungan Savings Deposits
PT Bank Mandiri (Persero) Tbk - 61 PT Bank Mandiri (Persero) Tbk
- 61
Mata uang asing Foreign currencies
Pihak Ketiga Third Parties
Term Deposit Bank Indonesia 4.669.528 1.851.189 Term Deposit Bank Indonesia
4.669.528 1.851.189
Total 12.929.938 4.661.104 Total
Dalam penempatan pada Bank Indonesia dan As of December 31, 2025 dan 2024,
bank lain termasuk penempatan yang placements with Bank Indonesia and other
didasarkan pada prinsip perbankan syariah banks include placements based on sharia
sebesar Rp8.260.410 dan Rp1.810.000, banking principles amounting to Rp8,260,410
masing-masing pada tanggal 31 Desember dan Rp1,810,000, respectively.
2025 dan 2024.
b. Berdasarkan sisa umur hingga jatuh tempo b. Based on remaining period until maturity
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
≤ 1 bulan 12.929.938 4.661.104 ≤ 1 month
Total 12.929.938 4.661.104 Total
c. Tingkat suku bunga rata-rata per tahun untuk c. Average annual interest rates for placement
penempatan pada Bank Indonesia dan bank with Bank Indonesia and other banks:
lain:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah 4,72% 5,47% Rupiah
Mata Uang Asing 4,17% 5,27% Foreign Currencies
d. Manajemen berpendapat bahwa cadangan d. Management believes no allowance for
kerugian penurunan nilai tidak diperlukan pada impairment losses is required as of December
tanggal 31 Desember 2025 dan 2024, karena 31, 2025 and 2024, because management
manajemen berkeyakinan bahwa penempatan believes that placements with Bank Indonesia
pada Bank Indonesia dan bank lain dapat and other banks are fully collectible.
ditagih.
e. Informasi mengenai klasifikasi aset keuangan e. Information with respect to classification of
yang mengalami penurunan nilai dan tidak impaired and not impaired of financial assets
mengalami penurunan nilai diungkapkan pada are disclosed in Note 47.
Catatan 47.
108
Page 744
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK 8. SECURITIES
a. Berdasarkan tujuan, pihak berelasi dan pihak a. Based on purpose, related party and third
ketiga party
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga Third Parties
Diukur pada nilai wajar
melalui laba rugi 15.641.912 19.358.865 Fair value through profit or loss
Diukur pada nilai wajar melalui Fair value through other
penghasilan komprehensif lain 946.956 507.016 comprehensive income
Diukur pada biaya perolehan
di amortisasi - 8.324 Amortized cost
16.588.868 19.874.205
Pihak Berelasi (Catatan 46) Related Party (Note 46)
Diukur pada nilai wajar melalui Fair value through other
penghasilan komprehensif lain 1.614.231 1.457.891 comprehensive income
Diukur pada biaya perolehan
di amortisasi 3.849.922 4.031.314 Amortized cost
5.464.153 5.489.205
Total 22.053.021 25.363.410 Total
Cadangan kerugian Allowance for
penurunan nilai (52) (787) impairment losses
Neto 22.052.969 25.362.623 Net
b. Berdasarkan mata uang, jenis dan penerbit b. Based on currency, type and issuer
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Pihak Ketiga Third Parties
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 10.723.616 10.092.016 Bank Indonesia
Floating Rate Notes 4.989 - Floating Rate Notes
Efek Beragun Aset Asset Backed Securities
KIK - SP -BTN 05 KIK EBA - SP - BTN 05
Kelas B 148.839 146.532 Class B
EBA - SP - BTN04 EBA - SP - BTN04
Kelas B 65.960 101.395 Class B
EBA - SP - BTN08 EBA - SP - BTN08
Kelas B 53.469 69.655 Class B
EBA - SP - BTN06 EBA - SP - BTN06
Kelas B 40.906 44.527 Class B
KIK - SP -BTN 07 KIK EBA - SP - BTN 07
Kelas B 34.333 42.895 Class B
EBA - SP - BTN03 EBA - SP - BTN03
Kelas B - 53.872 Class B
11.072.112 10.550.892
109
Page 745
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
b. Berdasarkan mata uang, jenis dan penerbit b. Based on currency, type and issuer
(lanjutan) (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Nilai wajar melalui laba rugi Fair value through profit or loss
Mata Uang Asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Pihak ketiga Third parties
Sekuritas Dollar Amerika Serikat United Stated Dollar Securities
Bank Indonesia 4.569.800 8.807.973 Bank Indonesia
15.641.912 19.358.865
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Pihak Ketiga Third Parties
Reksadana Terproteksi Protected Mutual Funds
PT Batavia Prosperindo Aset PT Batavia Prosperindo Aset
Manajemen 289.070 304.520 Manajemen
PT Manulife Aset Manajemen PT Manulife Aset Manajemen
Indonesia 353.757 202.496 Indonesia
PT Syailendra Capital 152.334 - PT Syailendra Capital
PT BNP Paribas Aset PT BNP Paribas Asset
Manajemen 151.795 - Management
946.956 507.016
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
Obligasi Bonds
PT Perusahaan Listrik Negara (Persero) PT Perusahaan Listrik Negara (Persero)
Sukuk Tahap II Seri B 2017*) 51.777 51.676 Sukuk Phase II Series B 2017*)
PT Waskita Karya (Persero) Tbk PT Waskita Karya (Persero) Tbk
Tahap IV Seri A 2022 50.409 49.203 Phase IV Series A 2022
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk (Persero) Tbk
Tahap II Seri D 2017 26.117 25.997 Phase II Series D 2017
PT Sarana Multigriya PT Sarana Multigriya
Finansial (Persero) Finansial (Persero)
Tahap I Seri B 2021 25.126 24.856 Phase I Series B 2021
Tahap II 2021 25.285 24.627 Phase II 2021
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Tahap I Seri B 2025 24.997 - Phase I Series B 2025
PT Bank Mandiri Taspen PT Bank Mandiri Taspen
Tahap II Seri B 2021 20.076 19.973 Phase II Series B 2021
PT Pegadaian PT Pegadaian
Sukuk Mudharabah II 2022 - 27.795 Sukuk Mudharabah II 2022
Reksadana Terproteksi Protected Mutual Funds
PT BNI Asset Management 306.683 305.896 PT BNI Asset Management
PT Danareksa Investment PT Danareksa Investment
Management 254.412 254.340 Management
PT Bahana TCW Investment PT Bahana TCW Investment
Management 252.008 308.406 Management
PT PNM Investment PT PNM Investment
Management 152.842 151.373 Management
PT Mandiri Manajemen PT Mandiri Investment
Investasi 253.930 - Management
*) Termasuk efek-efek yang dimiliki oleh Entitas Anak *) Including securities owned by the subsidiary
110
Page 746
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
b. Berdasarkan mata uang, jenis dan penerbit b. Based on currency, type and issuer
(lanjutan) (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain (lanjutan) comprehensive income (continued)
Rupiah (lanjutan) Rupiah (continued)
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
Medium Term Notes Medium Term Notes
Perum Perumnas Perum Perumnas
Tahap III Seri A 2018 100.000 100.000 Phase III Series A 2018
1.543.662 1.344.142
Mata Uang Asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
Obligasi Bonds
PT Pertamina (Persero) PT Pertamina (Persero)
Senior Unsecured Notes Senior Unsecured Notes
Due 2030 31.515 29.094 Due 2030
Due 2050 39.054 36.506 Due 2050
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Euro Medium Euro Medium
Term Notes (EMTN) 2025 - 32.132 Term Notes (EMTN) 2025
PT Pelabuhan Indonesia II PT Pelabuhan Indonesia II
(Persero) (Persero)
Senior Notes - 2025 - 16.017 Senior Notes – 2025
70.569 113.749
1.614.231 1.457.891
2.561.187 1.964.907
111
Page 747
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
b. Berdasarkan mata uang, jenis dan penerbit b. Based on currency, type and issuer
(lanjutan) (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Diukur pada biaya perolehan
di amortisasi Amortized cost
Rupiah Rupiah
Pihak Ketiga Third Parties
Obligasi Bonds
Surat Kredit Berdokumen Domestic Documentary
Dalam Negeri (SKBDN) - 8.324 Letters of Credit
- 8.324
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
Medium Term Notes Medium Term Notes
PT Bahana Pembinaan Usaha PT Bahana Pembinaan Usaha
Indonesia (Persero) 50.000 50.000 Indonesia (Persero)
Sukuk Sukuk
PT Aviasi Pariwisata Indonesia PT Aviasi Pariwisata Indonesia
Tahap I 2024 (catatan 11.f) 2.170.678 2.050.306 Phase I 2024 (note 11.f)
PT Angkasa Pura I PT Angkasa Pura I
Tahap I 2023 (catatan 11.f) 1.629.244 1.547.619 Phase I 2023 (note 11.f)
Surat Kredit Berdokumen Domestic Documentary
Dalam Negeri (SKBDN) - 383.389 Letters of Credit
3.849.922 4.031.314
3.849.922 4.039.638
Total 22.053.021 25.363.410 Total
Cadangan kerugian Allowance for
penurunan nilai (52) (787) impairment losses
Neto 22.052.969 25.362.623 Net
Berikut adalah perubahan efek-efek yang Presented below is the movements in
diukur pada nilai wajar melalui penghasilan securities at fair value through other
komprehensif lainnya dan yang diukur pada comprehensive income and at amortized cost
biaya perolehan diamortisasi untuk tahun yang for then years ended December 31, 2025 and
berakhir 31 Desember 2025 dan 2024: 2024:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek Securities
Saldo awal 2.295.267 - - 3.709.278 6.004.545 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (62.423) - - 202.098 139.675 carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 734.176 - - - 734.176 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (467.287) - - - (467.287) assets
Aset keuangan yang dihapusbuku - - - - - Writte-off financial assets
Saldo akhir tahun 2.499.733 - - 3.911.376 6.411.109 Balance at the end of year
*) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan” *) Not applying SFAS No. 109, ”Financial Instruments”
112
Page 748
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
b. Berdasarkan mata uang, jenis dan penerbit b. Based on currency, type and issuer (lanjutan)
(lanjutan)
Berikut adalah perubahan efek-efek yang Presented below is the movements in
diukur pada nilai wajar melalui penghasilan securities at fair value through other
komprehensif lainnya dan yang diukur pada comprehensive income and at amortized cost
biaya perolehan diamortisasi untuk tahun yang for the years ended December 31, 2025 and
berakhir 31 Desember 2025 dan 2024: 2024: (continued)
(lanjutan)
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek Securities
Saldo awal 2.687.337 - - 1.576.523 4.263.860 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat 14.743 - - 82.449 97.192 carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 260.099 - - 2.050.306 2.310.405 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (666.912) - - - (666.912) assets
Aset keuangan yang dihapusbuku - - - - - Writte-off financial assets
Saldo akhir tahun 2.295.267 - - 3.709.278 6.004.545 Balance at the end of year
*) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan” *) Not applying SFAS No. 109, ”Financial Instruments”
c. Jatuh tempo dan suku bunga c. Maturity and interest rate
Suku Bunga/
Bagi Hasil
Per Tahun/
Tanggal Annual
Jenis/ Jatuh Tempo/ Interest Rate/
Penerbit Type Maturity Date Profit Sharing Issuer
Rupiah Rupiah
Perum Perumnas Perum Perumnas
MTN Tahap III 10 Desember/ 11,85% tetap/ MTN Phase III
Tahun 2018 Seri A Medium Term Notes December 10, 2026 fixed Year 2018 Series A
PT Angkasa Pura I PT Angkasa Pura I
Sukuk Wakalah 29 Oktober/ 3,50% Sukuk Wakalah
Bi Al-Istitsmar 2023 Obligasi/Bonds October 29, 2033 mengambang/ Bi Al-Istitsmar 2023
floating
PT Aviasi Pariwisata Indonesia PT Aviasi Pariwisata Indonesia
Sukuk Wakalah 31 Desember/ 2,42% Sukuk Wakalah
Bi Al-Istitsmar 2024 Obligasi/Bonds December 31, 2034 mengambang/ Bi Al-Istitsmar 2024
floating
113
Page 749
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
c. Jatuh tempo dan suku bunga (lanjutan) c. Maturity and interest rate (continued)
Suku Bunga/
Bagi Hasil
Per Tahun/
Tanggal Annual
Jenis/ Jatuh Tempo/ Interest Rate/
Penerbit Type Maturity Date Profit Sharing Issuer
Rupiah Rupiah
PT Bahana Pembinaan Usaha PT Bahana Pembinaan Usaha
Indonesia (Persero) 2 November/ 9,00% tetap/ Indonesia (Persero)
MTN Tahun 2022 Seri A Medium Term Notes November 2, 2027 fixed MTN Year 2022 Series A
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 11 April/ 8,80% tetap/ (Persero) Tbk
Tahap II Seri D 2017 Obligasi/Bonds April 11, 2027 fixed Phase II Series D 2017
PT Sarana Multigriya PT Sarana Multigriya
Finansial (Persero) 17 November/ 6,00% tetap/ Finansial (Persero)
Tahap II 2021 Obligasi/Bonds November 17, 2026 fixed Phase II 2021
8 Juli/ 6,40% tetap/
Tahap I Seri B 2021 Obligasi/Bonds July 8, 2026 fixed Phase I Series B 2021
PT Bank Mandiri Taspen 26 April/ 7,25% tetap/ PT Bank Mandiri Taspen
Tahap II Seri B 2021 Obligasi/Bonds April 26, 2026 fixed Phase II Series B 2021
PT Perusahaan Listrik Negara PT Perusahaan Listrik Negara
(Persero) 3 November/ 8,20% tetap/ (Persero)
Sukuk Tahap II Seri B 2017*) Obligasi/Bonds November 3, 2027 fixed Sukuk Phase II Series B 2017*)
PT Waskita Karya Realty 12 Mei/ 6,65% tetap/ PT Waskita Karya Realty
Seri A 2022 Obligasi/Bonds May 12, 2027 fixed Series A 2022
PT Bank Mandiri (Persero) Tbk 19 Desember/ 5,45% tetap/ PT Bank Mandiri (Persero) Tbk
Tahap I Seri B 2025 Obligasi/Bonds December 19, 2028 fixed Phase I Series B 2025
Mata Uang Asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
PT Pertamina (Persero) PT Pertamina (Persero)
Senior Unsecured 21 Januari/ 3,10% tetap/ Senior Unsecured
Notes Due 2030 Obligasi/Bonds January 21, 2030 fixed Notes Due 2030
Senior Unsecured 21 Januari/ 4,18% tetap/ Senior Unsecured
Notes Due 2050 Obligasi/Bonds January 21, 2050 fixed Notes Due 2050
PT Pelabuhan Indonesia II PT Pelabuhan Indonesia II
(Persero) (Persero)
Senior Unsecured 5 Mei/ 4,25% tetap/ Senior Unsecured
Notes Due 2025 Obligasi/Bonds May 5, 2025 fixed Notes Due 2025
*) Termasuk efek-efek yang dimiliki oleh Entitas Anak *) Including securities owned by the subsidiary
114
Page 750
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
d. Berdasarkan sisa umur hingga jatuh tempo (efek- d. Remaining period to maturity (amortized cost
efek yang diukur pada biaya perolehan di securities)
amortisasi)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
≤ 1 tahun - 391.713 ≤ 1 year
> 1 tahun ≤ 5 tahun 50.000 50.000 > 1 year ≤ 5 years
> 5 tahun ≤ 10 tahun 3.799.922 3.597.925 > 5 year ≤ 10 years
> 10 tahun - - > 10 years
Total 3.849.922 4.039.638 Total
e. Peringkat e. Rating
Daftar peringkat efek-efek seperti yang dilaporkan The ratings of securities, as reported by
oleh PT Pemeringkat Efek Indonesia adalah PT Pemeringkat Efek Indonesia, are as follows:
sebagai berikut:
Jenis/ 31 Desember/ 31 Desember/
Penerbit Type December 31, 2025 December 31, 2024 Issuer
Euro Medium Euro Medium
Euro Medium Euro Medium
Term Notes (EMTN) - 2025 Obligasi/Bonds - Baa2*) Term Notes (EMTN) - 2025
PT Bank Mandiri Taspen PT Bank Mandiri Taspen
Tahap II Seri B 2021 Obligasi/Bonds AA(idn)**) idAAA Phase II Series B 2021
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) (Persero)
Tahap II 2021 Obligasi/Bonds idAAA idAAA Phase II 2021
Tahap I Seri B 2021 Obligasi/Bonds idAAA idAAA Phase I Series B 2021
PT Pertamina (Persero) PT Pertamina (Persero)
Unsecured Fixed Unsecured Fixed
Term Notes (EMTN) - 2030 Obligasi/Bonds BBB*) Baa2*) Term Notes (EMTN) - 2030
Term Notes (EMTN) - 2050 Obligasi/Bonds BBB*) Baa2*) Term Notes (EMTN) - 2050
Perum Perumnas Perum Perumnas
MTN Tahap III MTN Phase III
Tahun 2018 Seri A Medium Term Notes idB idBBB- Year 2018 Series A
PT Bahana Pembinaan Usaha PT Bahana Pembinaan Usaha
Indonesia (Persero) Indonesia (Persero)
MTN Tahun 2022 Medium Term Notes idAAA idAAA MTN Year 2022
PT Waskita Karya (Persero) Tbk PT Waskita Karya (Persero) Tbk
Seri A 2022 Obligasi/Bonds idAAA(gg) idAAA(gg) Series A 2022
PT Pelabuhan Indonesia II PT Pelabuhan Indonesia II
(Persero) (Persero)
Senior Unsecured Senior Unsecured
Notes Due 2025 Obligasi/Bonds - Baa2*) Notes Due 2025
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk (Persero) Tbk
Tahap II Seri D 2017 Obligasi/Bonds idAAA idAAA Phase II Series D 2017
PT Perusahaan Listrik PT Perusahaan Listrik
Negara (Persero) Negara (Persero)
Sukuk Tahap II 2017 Seri B Obligasi/Bonds idAAA(sy) idAAA(sy) Sukuk Phase II 2017 Series B
PT Angkasa Pura I PT Angkasa Pura I
Sukuk Tahap I 2023 Obligasi/Bonds idAAA(sy) idAAA(sy) Sukuk Phase I 2023
PT Pegadaian (Persero) PT Pegadaian (Persero)
Sukuk Mudharabah II 2022 Obligasi/Bonds - idAAA(Sy) Sukuk Mudharabah II 2022
PT Aviasi Pariwisata Ind PT Aviasi Pariwisata Ind
Sukuk Tahap I 2024 Obligasi/Bonds idAAA(Sy) idAAA(Sy) Sukuk Phase I 2024
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Tahap I Seri B 2025 Obligasi/Bonds idAAA - Phase I Series B 2025
*) Berdasarkan peringkat yang diterbitkan oleh Moody’s *) Based on ratings published by Moody’s
**) Berdasarkan peringkat yang diterbitkan oleh Fitch **) Based on ratings published by Fitch
115
Page 751
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
f. Perubahan cadangan kerugian penurunan nilai f. The movements in the allowance for
adalah sebagai berikut: impairment losses are as follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang diukur pada nilai Securities at
wajar melalui penghasilan fair value through other
komprehensif lainnya comprehensive income
Saldo awal 64.935 - - - 64.935 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai 13.558 - - - 13.558 impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (277 ) - - - (277) assets
Pembayaran kembali valuta asing Repayment foreign exchange
dan perubahan lain (2.545) - - - (2.545) and other movement
Saldo akhir tahun 75.671 - - - 75.671 Balance at the end of year
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang diukur pada nilai Securities at
wajar melalui penghasilan fair value through other
komprehensif lainnya comprehensive income
Saldo awal 59.957 - - - 59.957 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai 2.754 - - - 2.754 impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (261 ) - - - (261) assets
Pembayaran kembali valuta asing Repayment foreign exchange
dan perubahan lain 2.485 - - - 2.485 and other movement
Saldo akhir tahun 64.935 - - - 64.935 Balance at the end of year
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang diukur pada biaya Securities at
perolehan diamortisasi amortized cost
Saldo awal 35 - - 752 787 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (439) - - (281) (720) Impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (15) - - - (15) assets
Saldo akhir tahun (419) - - 471 52 Balance at the end of year
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang diukur pada biaya Securities at
perolehan diamortisasi amortized cost
Saldo awal 22.534 - - 369 22.903 Beginning balance
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (26) - - (56) (82) Impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 1 - - 439 440 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (22.474) - - - (22.474) assets
Saldo akhir tahn 35 - - 752 787 Balance at the end of year
*) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan” *) Not applying SFAS No. 109, ”Financial Instruments”
116
Page 752
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
g. Manajemen berpendapat bahwa jumlah g. Management believes that the allowance for
cadangan kerugian penurunan nilai efek-efek impairment losses provided on securities is
yang dibentuk telah memadai. adequate.
h. Bank mengakui keuntungan bersih atas h. The Bank recognized net gain on sale of
penjualan efek-efek masing-masing sebesar securities amounting to Rp1,118,772 and
Rp1.118.772 dan Rp932.900, masing-masing Rp932,900, for the year ended December 31,
untuk tahun yang berakhir pada tanggal 31 2025 and 2024, respectively, which is
Desember 2025 dan 2024, yang disajikan presented in the statement of profit or loss and
dalam akun “Keuntungan (kerugian) dari other comprehensive income as “Gain (losses)
penjualan efek-efek - neto” di laporan laba rugi on sale of securities - net”.
dan penghasilan komprehensif lain.
i. Nilai pasar efek-efek yang diklasifikasikan i. As of December 31, 2025 and 2024, the
sebagai “Nilai Wajar melalui Laba Rugi dan market values of securities classified as fair
Aset Keuangan yang Diukur pada Nilai Wajar value through profit or loss and Fair Value
Melalui Penghasilan Komprehensif lain” pada Through Other Comprehensive Income of
tanggal 31 Desember 2025 dan 2024, masing- nominal amounts range from 59.74% to
masing berkisar dari 59,74% sampai dengan 111.39% and range from 93.14% to 108.00%,
111,39% dan 93,14% sampai dengan 108,00%. respectively.
j. Bank mengakui keuntungan yang belum j. The Bank recognized unrealized gain on
direalisasi dari perubahan nilai wajar sebesar changes in fair value of securities amounting
Rp46.906 dan Rp30.175, masing-masing untuk to Rp46,906 and Rp30,175, for the year ended
tahun yang berakhir pada tanggal 31 Desember December 31, 2025 and 2024, respectively,
2025 dan 2024, yang disajikan dalam akun which is presented in the statement of profit or
“Keuntungan yang belum direalisasi dari loss and other comprehensive income as
perubahan nilai wajar efek-efek - neto” di “Unrealized gain on changes in fair value of
laporan laba rugi dan penghasilan securities - net”.
komprehensif lain.
k. Bank mengakui keuntungan yang belum k. The Bank recognized unrealized gain - net
direalisasi bersih (setelah pajak tangguhan) (after deferred tax) of Rp104,950 and
sebesar Rp104.950 dan Rp77.551 dari Rp77,551 from the changes in fair values
perubahan nilai wajar efek-efek diukur pada through other comprehensive income include
nilai wajar melalui penghasilan komprehensif allowance for impairment losses amounted
lain termasuk cadangan kerugian penurunan Rp75,671 and Rp64,935 as of December 31,
nilai sebesar Rp75.671 dan Rp64.935 masing- 2025 and 2024, respectively, which are
masing pada posisi 31 Desember 2025 dan presented as unrealized gain (loss) on
2024 dalam akun keuntungan yang belum securities and government bonds, net of
direalisasi atas efek-efek dan obligasi deferred tax in the statement of financial
pemerintah setelah pajak tangguhan dalam position.
laporan posisi keuangan.
l. Terdapat investasi efek-efek dengan l. As of December 31, 2025 and 2024,
pihak-pihak berelasi sebesar Rp5.464.153 dan investments in securities with related parties
Rp5.489.205, masing-masing pada tanggal amounted to Rp5,464,153 and Rp5,489,205,
31 Desember 2025 dan 2024 (Catatan 46). respectively (Note 46).
m. Informasi mengenai klasifikasi aset keuangan m. Information with respect to classification of
yang mengalami penurunan nilai dan tidak impaired and not impaired financial assets are
mengalami penurunan nilai diungkapkan pada disclosed in Note 47.
Catatan 47.
117
Page 753
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH 9. GOVERNMENT BONDS
a. Berdasarkan tujuan, pihak berelasi dan pihak a. Based on purpose, related party and third
ketiga party
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Berelasi (Catatan 46) Related Party (Note 46)
Diukur pada nilai wajar
melalui laba rugi 3.084.585 3.265.550 Fair value through profit or loss
Diukur pada nilai wajar melalui Fair value through other
penghasilan komprehensif lain 23.038.781 14.109.049 comprehensive income
Diukur pada biaya perolehan
amortisasi 11.983.272 18.100.930 Amortized cost
Total 38.106.638 35.475.529 Total
b. Berdasarkan mata uang dan jenis b. Based on currency and type
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak berelasi Related parties
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0104 270.200 235.185 FR 0104
FR 0103 201.851 245.038 FR 0103
FR 0091 178.119 53.874 FR 0091
FR 0109 167.043 - FR 0109
FR 0106 162.768 - FR 0106
FR 0108 152.630 - FR 0108
FR 0087 128.452 181.347 FR 0087
FR 0107 94.718 - FR 0107
FR 0065 46.601 22.433 FR 0065
FR 0100 43.574 367.242 FR 0100
FR 0068 34.373 34.032 FR 0068
FR 0080 21.972 - FR 0080
FR 0075 21.969 88.635 FR 0075
FR 0095 20.583 19.869 FR 0095
FR 0105 18.318 - FR 0105
FR 0072 11.814 27.252 FR 0072
FR 0071 11.084 24.957 FR 0071
FR 0098 10.678 86.948 FR 0098
FR 0092 10.664 - FR 0092
FR 0082 10.552 24.994 FR 0082
FR 0101 10.490 177.946 FR 0101
PBS 040 9.831 - PBS 040
FR 0093 3.131 1.418 FR 0093
FR 0102 2.140 227.399 FR 0102
ORI 026T3 2.043 - ORI 026T3
FR 0085 1.634 207 FR 0085
SR 022T3 860 - SR 022T3
SR 020T3 855 5 SR 020T3
SR 021T3 630 146 SR 021T3
PBS 030 550 - PBS 030
PBS 033 508 1.641 PBS 033
PBS 015 457 988 PBS 015
ORI 025T3 349 3.610 ORI 025T3
FR 0062 204 6.053 FR 0062
SR 018T5 171 99 SR 018T5
ORI 026T6 169 - ORI 026T6
ORI 023T3 151 2.510 ORI 023T3
ORI 027T6 133 - ORI 027T6
PBS 039 101 - PBS 039
SR 019T5 56 - SR 019T5
118
Page 754
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang dan jenis (lanjutan) b. Based on currency and type (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak berelasi Related parties
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
SR 019T3 50 1.031 SR 019T3
PBS 038 4 195 PBS 038
PBS 004 - 187 PBS 004
FR 0090 - 14.557 FR 0090
FR 0088 - 282 FR 0088
FR 0083 - 175.479 FR 0083
FR 0089 - 1.066 FR 0089
SR 020T5 - 304 SR 020T5
ORI 024T6 - 7.294 ORI 024T6
ORI 024T3 - 247 ORI 024T3
FR 0078 - 31.349 FR 0078
FR 0059 - 30.042 FR 0059
FR 0056 - 10.211 FR 0056
FR 0086 - 3.925 FR 0086
ORI 023T6 - 1.158 ORI 023T6
SR 018T3 - 272 SR 018T3
PBS 032 - 97 PBS 032
FR 0097 - 204.262 FR 0097
FR 0096 - 59.965 FR 0096
FR 0079 - 44.316 FR 0079
FR 0064 - 37.004 FR 0064
ORI 021 - 4.988 ORI 021
FR 0076 - 3.181 FR 0076
PBS 037 - 1.000 PBS 037
PBS 017 - 993 PBS 017
ORI 022 - 792 ORI 022
SR 0017 - 694 SR 0017
SR 0016 - 547 SR 0016
FR 0081 - 499 FR 0081
FR 0084 - 301 FR 0084
1.652.480 2.470.066
Nilai wajar melalui laba rugi (lanjutan) Fair value through profit or loss (continued)
Mata uang asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Tingkat bunga tetap (lanjutan) Fixed interest rate (lanjutan)
INDON 2036 99.956 - INDON 2036
99.956 -
119
Page 755
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang dan jenis (lanjutan) b. Based on currency and type (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak berelasi (lanjutan) Related parties (continued)
Nilai wajar melalui laba rugi (lanjutan) Fair value through profit or loss (continued)
Rupiah (lanjutan) Rupiah (continued)
Zero Coupon Bonds Zero Coupon Bonds
SPN12261105 353.127 - SPN12261105
SPN12260205 316.875 - SPN12260205
SPN12260507 210.844 - SPN12260507
SPN12260910 138.907 - SPN12260910
SPN12260702 115.688 - SPN12260702
SPN12260604 104.995 - SPN12260604
SPN12261203 60.236 - SPN12261203
SPN12260730 30.748 - SPN12260730
SPN12260423 729 - SPN12260423
SPN12250612 - 249.387 SPN12250612
SPN12250213 - 232.404 SPN12250213
SPN12250314 - 197.116 SPN12250314
SPNS01042025 - 76.506 SPNS01042025
SPNS03032025 - 37.057 SPNS03032025
SPN12250710 - 3.014 SPN12250710
1.332.149 795.484
3.084.585 3.265.550
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0109 2.643.078 - FR 0109
FR 0091 1.551.325 243.576 FR 0091
FR 0104 1.534.323 58.610 FR 0104
FR 0082 1.411.858 49.988 FR 0082
FR 0087 1.140.325 262.718 FR 0087
FR 0074 771.773 - FR 0074
FR 0101 734.300 995.000 FR 0101
FR 0073 725.064 138.129 FR 0073
FR 0096 719.583 - FR 0096
FR 0071 681.506 337.185 FR 0071
FR 0078 604.250 475.457 FR 0078
FR 0090 491.147 471.135 FR 0090
FR 0084 478.816 477.806 FR 0084
FR 0042 410.663 409.172 FR 0042
FR 0056 409.716 408.424 FR 0056
FR 0059 323.620 315.444 FR 0059
FR 0083 219.976 285.841 FR 0083
FR 0052 203.663 197.445 FR 0052
FR 0065 201.936 - FR 0065
FR 0058 119.000 - FR 0058
FR 0037 115.533 118.576 FR 0037
FR 0064 102.170 - FR 0064
120
Page 756
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang dan jenis (lanjutan) b. Based on currency and type (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0104 - 1.334.719 FR 0104
FR 0040 - 359.300 FR 0040
FR 0081 - 269.333 FR 0081
15.593.625 7.207.858
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Obligasi Syariah Negara Government Sharia Bond
PBSG 001*) 683.963 761.946 PBSG 001*)
PBS 030*) 390.533 275.784 PBS 030*)
PBS 034*) 318.299 34.291 PBS 034*)
PBS 003*) 273.183 338.649 PBS 003*)
PBS 037*) 233.016 251.292 PBS 037*)
PBS 032*) 222.392 195.692 PBS 032*)
PBS 038*) 189.557 146.166 PBS 038*)
PBS 033*) 162.149 154.044 PBS 033*)
PBS 039*) 151.604 96.721 PBS 039*)
PBS 025*) 109.624 104.978 PBS 025*)
PBS 004*) 105.599 52.478 PBS 004*)
PBS 040*) 97.003 - PBS 040*)
PBS 022*) 80.965 78.108 PBS 022*)
PBS 028*) 75.829 73.533 PBS 028*)
PBSG 002*) 73.022 - PBSG 002*)
PBS 021*) 68.292 67.848 PBS 021*)
PBS 012*) 60.571 - PBS 012*)
PBS 029*) 58.359 104.544 PBS 029*)
PBS 017*) - 300.431 PBS 017*)
PBS 012*) - 58.389 PBS 012*)
3.353.960 3.094.894
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
121
Page 757
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang dan jenis (lanjutan) b. Based on currency and type (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain (lanjutan) comprehensive income (continued)
Mata uang asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Tingkat bunga tetap Fixed interest rate
INDON 2047 851.747 783.459 INDON 2047
INDON 2046 592.248 553.707 INDON 2046
INDON 2038 574.760 535.027 INDON 2038
INDON 2044 421.506 397.239 INDON 2044
INDON 2043 393.447 362.810 INDON 2043
INDON 2045 349.610 321.061 INDON 2045
INDON 2048 218.403 203.841 INDON 2048
INDON 2049 174.904 163.524 INDON 2049
INDOIS 2050 132.953 126.907 INDOIS 2050
INDON 2049N 110.395 103.266 INDON 2049N
INDON 2037 108.401 100.996 INDON 2037
INDON 2050N 96.172 90.981 INDON 2050N
USDFR0002 66.650 63.479 USDFR0002
4.091.196 3.806.297
23.038.781 14.109.049
Diukur pada biaya
perolehan amortisasi Amortized cost
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0084 1.169.347 1.191.608 FR 0084
FR 0086 1.141.675 1.140.181 FR 0086
FR 0056 1.081.871 1.104.558 FR 0056
FR 0059 916.091 920.386 FR 0059
FR 0064 898.661 899.798 FR 0064
FR 0047 738.637 762.223 FR 0047
FR 0085 400.680 402.311 FR 0085
FR 0078 328.276 332.756 FR 0078
FR 0087 266.384 265.051 FR 0087
FR 0082 239.007 238.852 FR 0082
FR 0091 146.709 47.869 FR 0091
FR 0054 145.534 147.551 FR 0054
FR 0071 129.141 131.938 FR 0071
FR 0073 128.353 129.591 FR 0073
FR 0096 101.899 - FR 0096
FR 0090 98.456 97.334 FR 0090
FR 0088 75.937 75.587 FR 0088
122
Page 758
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
b. Berdasarkan mata uang dan jenis (lanjutan) b. Based on currency and type (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Diukur pada biaya
perolehan amortisasi (lanjutan) Amortized cost (continued)
Rupiah (lanjutan) Rupiah (continued)
Tingkat bunga tetap (lanjutan) Fixed interest rate (continued)
FR 0037 67.679 71.337 FR 0037
FR 0065 47.203 46.931 FR 0065
FR 0052 39.558 40.365 FR 0052
FR 0042 15.710 16.132 FR 0042
FR 0081 - 1.447.513 FR 0081
FR 0040 - 260.671 FR 0040
8.176.808 9.770.543
Obligasi Syariah Negara Government Sharia Bond
Sukuk BI*) 2.885.267 7.983.835 Sukuk BI*)
PBSG 001*) 267.158 - PBSG 001*)
PBS 032*) 101.724 - PBS 032*)
PBS 012*) 95.639 - PBS 012*)
PBS 004*) 84.358 - PBS 004*)
PBS 003*) 64.435 - PBS 003*)
PBS 030*) 39.814 - PBS 030*)
PBS 023*) 15.675 - PBS 023*)
IFR 006*) 2.268 - IFR 006*)
3.556.338 17.754.378
Mata uang asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Tingkat bunga tetap Fixed interest rate
INDON 2026 250.126 249.690 INDON 2026
INDON 2025 - 96.862 INDON 2025
250.126 346.552
11.983.272 18.100.930
Total 38.106.638 35.475.529 Total
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
123
Page 759
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0062 15 April/ 6,38% tetap/ FR 0062
April 15, 2042 fixed
FR 0065 15 Mei/ 6,63% tetap/ FR 0065
May 15, 2033 fixed
FR 0068 15 Maret/ 8,38% tetap/ FR 0068
March 15, 2034 fixed
FR 0071 15 Maret/ 9,00% tetap/ FR 0071
March 15, 2029 fixed
FR 0072 15 Mei/ 8,25% tetap/ FR 0072
May 15, 2036 fixed
FR 0075 15 Mei/ 7,50% tetap/ FR 0075
May 15, 2038 fixed
FR 0080 15 Juni/ 7,50% tetap/ FR 0080
July 15, 2035 fixed
FR 0082 15 September/ 7,00% tetap/ FR 0082
September 15, 2030 fixed
FR 0085 15 April/ 7,75% tetap/ FR 0085
April 15, 2031 fixed
FR 0087 15 Februari/ 6,50% tetap/ FR 0087
February 15, 2031 fixed
FR 0091 15 April/ 6,38% tetap/ FR 0091
April 15, 2032 fixed
FR 0092 15 Juni/ 7,13% tetap/ FR 0092
June 15, 2042 fixed
FR 0093 15 Juli/ 6,38% tetap/ FR 0093
July 15, 2037 fixed
FR 0095 15 Agustus/ 6,38% tetap/ FR 0095
August 15, 2028 fixed
FR 0098 15 Juni/ 7,13% tetap/ FR 0098
June 15, 2038 fixed
FR 0100 15 Februari/ 6,63% tetap/ FR 0100
February 15, 2034 fixed
FR 0101 15 April/ 6,88% tetap/ FR 0101
April 15, 2029 fixed
FR 0102 15 Juli/ 6,88% tetap/ FR 0102
July 15, 2054 fixed
FR 0103 15 Juli/ 6,75% tetap/ FR 0103
July 15, 2035 fixed
FR 0104 15 Juli/ 6,50% tetap/ FR 0104
July 15, 2030 fixed
FR 0105 15 Juli/ 6,88% tetap/ FR 0105
July 15, 2064 fixed
FR 0106 15 Agustus/ 7,13% tetap/ FR 0106
August 15, 2040 fixed
FR 0107 15 Agustus/ 7,12% tetap/ FR 0107
August 15, 2045 fixed
FR 0108 15 April/ 6,50% tetap/ FR 0108
April 15, 2036 fixed
FR 0109 15 Maret/ 5,88% tetap/ FR 0109
March 15, 2031 fixed
ORI 023T3 15 Juli/ 5,90% tetap/ ORI 023T3
July 15, 2026 fixed
ORI 025T3 15 Februari/ 6,25% tetap/ ORI 025T3
February 15, 2027 fixed
ORI 026T3 15 Oktober/ 6,30% tetap/ ORI 026T3
October 15, 2027 fixed
ORI 026T6 15 Oktober/ 6,40% tetap/ ORI 026T6
October 15, 2030 fixed
124
Page 760
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Nilai wajar melalui laba rugi (lanjutan) Fair value through profit or loss (continued)
Rupiah (lanjutan) Rupiah (continued)
Tingkat bunga tetap (lanjutan) Fixed interest rate (continued)
ORI 027T6 15 Februari/ 6,75% tetap/ ORI 027T6
February 15, 2031 fixed
PBS 015 15 Juli/ 8,00% tetap/ PBS 015
July 15, 2047 fixed
PBS 030 15 Juli/ 5,88% tetap/ PBS 030
July 15, 2028 fixed
PBS 034 15 Juni/ 6,50% tetap/ PBS 034
June 15, 2039 fixed
PBS 038 15 Desember/ 6,88% tetap/ PBS 038
December 15, 2049 fixed
PBS 039 15 Juli/ 6,63% tetap/ PBS 039
July 15, 2041 fixed
PBS 040 15 November/ 5,00% tetap/ PBS 040
November 15, 2030 fixed
SR 018T5 10 Maret/ 6,40% tetap/ SR 018T5
March 10, 2028 fixed
SR 019T3 10 September/ 5,95% tetap/ SR 019T3
September 10, 2026 fixed
SR 019T5 10 September/ 6,10% tetap/ SR 019T5
September 10, 2028 fixed
SR 020T3 10 Maret/ 6,30% tetap/ SR 020T3
March 10, 2027 fixed
SR 021T3 10 September/ 6,35% tetap/ SR 021T3
September 10, 2027 fixed
SR 022T3 10 Juni/ 6,45% tetap/ SR 022T3
June 10, 2028 fixed
Zero Coupon Bonds Zero Coupon Bonds
SPN Beragam/ Beragam/ SPN
Various Various
Mata uang asing (lanjutan) Foreign Currencies
Dolar Amerika Serikat United States Dollar
Tingkat bunga tetap Fixed interest rate
INDON 2036 16 April/ 4,90% tetap/ INDON 2036
April 16, 2036 fixed
125
Page 761
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0037 15 September/ 12,00% tetap/ FR 0037
September 15, 2026 fixed
FR 0042 15 Juli/ 10,25% tetap/ FR 0042
July 15, 2027 fixed
FR 0052 15 Agustus/ 10,50% tetap/ FR 0052
August 15, 2030 fixed
FR 0056 15 September/ 8,38% tetap/ FR 0056
September 15, 2026 fixed
FR 0058 15 Juni/ 8,25% tetap/ FR 0058
June 15, 2032 fixed
FR 0059 15 Mei/ 7,00% tetap/ FR 0059
May 15, 2027 fixed
FR 0064 15 Mei/ 6,13% tetap/ FR 0064
May 15, 2028 fixed
FR 0065 15 Mei/ 6,63% tetap/ FR 0065
May 15, 2033 fixed
FR 0071 15 Maret/ 9,00% tetap/ FR 0071
March 15, 2029 fixed
FR 0073 15 Mei/ 8,75% tetap/ FR 0073
May 15, 2031 fixed
FR 0074 15 Agustus/ 7,50% tetap/ FR 0074
August 15, 2032 fixed
FR 0078 15 Mei/ 8,25% tetap/ FR 0078
May 15, 2029 fixed
FR 0082 15 September/ 7,00% tetap/ FR 0082
September 15, 2030 fixed
FR 0083 15 April/ 7,50% tetap/ FR 0083
April 15, 2040 fixed
FR 0084 15 Februari/ 7,25% tetap/ FR 0084
February 15, 2026 fixed
FR 0087 15 Februari/ 6,50% tetap/ FR 0087
February 15, 2031 fixed
FR 0090 15 April/ 5,13% tetap/ FR 0090
April 15, 2027 fixed
FR 0091 15 April/ 6,38% tetap/ FR 0091
April 15, 2032 fixed
FR 0096 15 Februari/ 7,00% tetap/ FR 0096
February 15, 2033 fixed
FR 0101 15 April/ 6,88% tetap/ FR 0101
April 15, 2029 fixed
FR 0104 15 July/ 6,50% tetap/ FR 0104
July 15, 2030 fixed
FR 0109 15 Maret/ 5,88% tetap/ FR 0109
March 15, 2030 fixed
126
Page 762
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain (lanjutan) comprehensive income (continued)
Rupiah (lanjutan) Rupiah (continued)
Tingkat bunga tetap (lanjutan) Fixed interest rate (continued)
Obligasi Syariah Negara Government Sharia Bonds
PBS 003*) 15 Januari/ 6,00% tetap/ PBS 003*)
January 15, 2027 fixed
PBS 004*) 15 Februari/ 6,10% tetap/ PBS 004*)
February 15, 2037 fixed
PBS 005*) 15 April/ 6,75% tetap/ PBS 005*)
April 15, 2043 fixed
PBS 012*) 15 November/ 8,88% tetap/ PBS 012*)
November 15, 2031 fixed
PBS 017*) 15 Oktober/ 6,13% tetap/ PBS 017*)
October 15, 2025 fixed
PBS 022*) 15 April/ 8,63% tetap/ PBS 022*)
April 15, 2034 fixed
PBS 021*) 15 November/ 8,50% tetap/ PBS 021*)
November 15, 2026 fixed
PBS 025*) 15 Mei/ 8,38% tetap/ PBS 025*)
May 15, 2033 fixed
PBS 028*) 15 Oktober/ 7,75% tetap/ PBS 028*)
October 15, 2046 fixed
PBS 029*) 15 Maret/ 6,38% tetap/ PBS 029*)
March 15, 2034 fixed
PBS 030*) 15 Juli/ 5,88% tetap/ PBS 030*)
July 15, 2028 fixed
PBS 032*) 15 Juli/ 4,88% tetap/ PBS 032*)
July 15, 2026 fixed
PBS 033*) 15 Juni/ 6,75% tetap/ PBS 033*)
July 15, 2047 fixed
PBS 034*) 15 Juni/ 6,50% tetap/ PBS 034*)
July 15, 2039 fixed
PBS 037*) 15 Maret/ 6,88% tetap/ PBS 037*)
March 15, 2036 fixed
PBS 038*) 15 Desember/ 6,88% tetap/ PBS 038*)
December 15, 2049 fixed
PBS 039*) 15 Juli/ 6,63% tetap/ PBS 039*)
July 15, 2041 fixed
PBS 040*) 15 November/ 5,00% tetap/ PBS 040*)
November 15, 2030 fixed
PBSG 001*) 15 September/ 6,63% tetap/ PBSG 001*)
September 15, 2029 fixed
PBSG 002*) 15 Oktober/ 5,63% tetap/ PBSG 002*)
October 15, 2033 fixed
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
127
Page 763
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan fair value through other
komprehensif lain (lanjutan) comprehensive income (continued)
Mata uang asing Foreign Currencies
Dolar Amerika Serikat United States Dollar
Tingkat bunga tetap Fixed interest rate
INDOIS 2050 23 Juni/ 3,80% tetap/ INDOIS 2050
June 23, 2050 fixed
INDON 2037 17 Februari/ 6,63% tetap/ INDON 2037
February 17, 2037 fixed
INDON 2038 17 Januari/ 7,75% tetap/ INDON 2038
January 17, 2038 fixed
INDON 2043 15 April/ 4,63% tetap/ INDON 2043
April 15, 2043 fixed
INDON 2044 15 Januari/ 6,75% tetap/ INDON 2044
January 15, 2044 fixed
INDON 2045 15 Januari/ 5,13% tetap/ INDON 2045
January 15, 2045 fixed
INDON 2046 8 Januari/ 5,95% tetap/ INDON 2046
January 8, 2046 fixed
INDON 2047 8 Januari/ 5,25% tetap/ INDON 2047
January 8, 2047 fixed
INDON 2048 11 Januari/ 4,35% tetap/ INDON 2048
January 11, 2048 fixed
INDON 2049 11 Februari/ 5,35% tetap/ INDON 2049
February 11, 2049 fixed
INDON 2049N 30 Oktober/ 3,70% tetap/ INDON 2049N
October 30, 2049 fixed
INDON 2050N 15 Oktober/ 4,20% tetap/ INDON 2050N
October 15, 2050 fixed
USD FR 0002 24 Juni/ 4,05% tetap/ USD FR 0002
June 24, 2026 fixed
Diukur pada biaya
perolehan amortisasi Amortized cost
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0037 15 September/ 12,00% tetap/ FR 0037
September 15, 2026 fixed
FR 0042 15 Juli/ 10,25% tetap/ FR0042
July 15, 2027 fixed
FR 0047 15 Februari/ 10,00% tetap/ FR 0047
February 15, 2028 fixed
FR 0052 15 Agustus/ 10,50% tetap/ FR 0052
August 15, 2030 fixed
FR 0054 15 Juli/ 9,50% tetap/ FR 0054
July 15, 2031 fixed
FR 0056 15 September/ 8,38% tetap/ FR 0056
September 15, 2026 fixed
FR 0059 15 Mei/ 7,00% tetap/ FR 0059
May 15, 2027 fixed
FR 0064 15 Mei/ 6,13% tetap/ FR 0064
May 15, 2028 fixed
FR 0065 15 Mei/ 6,63% tetap/ FR 0065
May 15, 2033 fixed
128
Page 764
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Diukur pada biaya
perolehan amortisasi (lanjutan) Amortized cost (continued)
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0071 15 Maret/ 9,00% tetap/ FR 0071
March 15, 2029 fixed
FR 0073 15 Mei/ 8,75% tetap/ FR 0073
May 15, 2031 fixed
FR 0078 15 Mei/ 8,25% tetap/ FR 0078
May 15, 2029 fixed
FR 0081 15 Juni/ 6,50% tetap/ FR 0081
Juni 15, 2025 fixed
FR 0082 15 September/ 7,00% tetap/ FR 0082
September 15, 2030 fixed
FR 0084 15 Februari/ 7,25% tetap/ FR 0084
February 15, 2026 fixed
FR 0085 15 April/ 7,75% tetap/ FR 0085
April 15, 2031 fixed
FR 0086 15 April/ 5,50% tetap/ FR 0086
April 15, 2026 fixed
FR 0087 15 Februari/ 6,50% tetap/ FR 0087
February 15, 2031 fixed
FR 0088 15 Juni/ 6,25% tetap/ FR 0088
June 15, 2036 fixed
FR 0090 15 April/ 5,13% tetap/ FR 0090
April 15, 2027 fixed
FR 0091 15 April/ 6,38% tetap/ FR 0091
April 15, 2032 fixed
FR 0096 15 Februari/ 7,00% tetap/ FR 0096
February 15, 2033 fixed
PBS 003*) 15 Januari/ 6,00% tetap/ PBS 003*)
January 15, 2027 fixed
PBS 004*) 15 Februari/ 6,10% tetap/ PBS 004*)
February 15, 2037 fixed
PBS 012*) 15 November/ 8,88% tetap/ PBS 012*)
November 15, 2031 fixed
PBS 023*) 15 Mei/ 8,13% tetap/ PBS 023*)
May 15, 2030 fixed
PBS 030*) 15 Juli/ 5,88% tetap/ PBS 030*)
July 15, 2028 fixed
PBS 032*) 15 Juli/ 4,88% tetap/ PBS 032*)
July 15, 2026 fixed
PBSG 001*) 15 September/ 6,63% tetap/ PBSG 001*)
September 15, 2029 fixed
IFR 006*) 15 Maret/ 10,25% tetap/ IFR 006*)
March 15, 2030 fixed
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
129
Page 765
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Diukur pada biaya
perolehan amortisasi (lanjutan) Amortized cost (continued)
Rupiah (lanjutan) Rupiah (continued)
Tingkat bunga tetap (lanjutan) Fixed interest rate (continued)
Obligasi Syariah Negara Government Sharia Bond
Sukuk BI*) 2 Januari/ 7,27% tetap/ Sukuk BI*)
January 2, 2026 fixed
Sukuk BI*) 2 Januari/ 5,94% tetap/ Sukuk BI*)
January 2, 2026 fixed
Sukuk BI*) 7 Januari/ 4,70% tetap/ Sukuk BI*)
January 7, 2026 fixed
Sukuk BI*) 7 Januari/ 4,75% tetap/ Sukuk BI*)
January 7, 2026 fixed
Sukuk BI*) 9 Januari/ 6,69% tetap/ Sukuk BI*)
January 9, 2026 fixed
Sukuk BI*) 30 Januari/ 6,74% tetap/ Sukuk BI*)
January 30, 2026 fixed
Sukuk BI*) 6 Februari/ 6,44% tetap/ Sukuk BI*)
February 6, 2026 fixed
Sukuk BI*) 6 Februari/ 5,53% tetap/ Sukuk BI*)
February 6, 2026 fixed
Sukuk BI*) 11 Februari/ 4,60% tetap/ Sukuk BI*)
February 11, 2026 fixed
Sukuk BI*) 6 Maret/ 6,42% tetap/ Sukuk BI*)
March 6, 2026 fixed
Sukuk BI*) 6 Maret/ 6,26% tetap/ Sukuk BI*)
March 6, 2026 fixed
Sukuk BI*) 6 Maret/ 5,06% tetap/ Sukuk BI*)
March 6, 2026 fixed
Sukuk BI*) 11 Maret/ 4,87% tetap/ Sukuk BI*)
March 11, 2026 fixed
Sukuk BI*) 23 Maret/ 5,96% tetap/ Sukuk BI*)
March 23, 2026 fixed
Sukuk BI*) 10 April/ 6,74% tetap/ Sukuk BI*)
April 10, 2026 fixed
Sukuk BI*) 10 April/ 4,76% tetap/ Sukuk BI*)
April 10, 2026 fixed
Sukuk BI*) 4 Mei/ 5,56% tetap/ Sukuk BI*)
May 4, 2026 fixed
Sukuk BI*) 8 Mei/ 6,47% tetap/ Sukuk BI*)
May 8, 2026 fixed
Sukuk BI*) 15 Mei/ 4,62% tetap/ Sukuk BI*)
May 15, 2026 fixed
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
130
Page 766
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Tanggal jatuh tempo/ Suku Bunga/
Keterangan Maturity date Interest Rate Description
Diukur pada biaya
perolehan amortisasi (lanjutan) Amortized cost (continued)
Rupiah (lanjutan) Rupiah (continued)
Tingkat bunga tetap (lanjutan) Fixed interest rate (continued)
Obligasi Syariah Negara (lanjutan) Government Sharia Bond (continued)
Sukuk BI*) 3 Juni/ 6,28% tetap/ Sukuk BI*)
June 3, 2026 fixed
Sukuk BI*) 3 Juni/ 5,07% tetap/ Sukuk BI*)
June 3, 2026 fixed
Sukuk BI*) 19 Juni/ 4,90% tetap/ Sukuk BI*)
June 19, 2026 fixed
Sukuk BI*) 3 Juli/ 5,98% tetap/ Sukuk BI*)
July 3, 2026 fixed
Sukuk BI*) 3 Juli/ 4,76% tetap/ Sukuk BI*)
July 3, 2026 fixed
Sukuk BI*) 31 Juli/ 5,58% tetap/ Sukuk BI*)
July 31, 2026 fixed
Sukuk BI*) 14 Agustus/ 4,64% tetap/ Sukuk BI*)
August 14, 2026 fixed
Sukuk BI*) 2 September/ 5,08% tetap/ Sukuk BI*)
September 2, 2026 fixed
Sukuk BI*) 18 September/ 4,95% tetap/ Sukuk BI*)
September 18, 2026 fixed
Sukuk BI*) 2 October/ 4,80% tetap/ Sukuk BI*)
October 2, 2026 fixed
Sukuk BI*) 6 November/ 4,68% tetap/ Sukuk BI*)
November 6, 2026 fixed
Sukuk BI*) 4 Desember/ 4,68% tetap/ Sukuk BI*)
December 4, 2026 fixed
Dolar Amerika Serikat United States Dollar
INDON 2026 8 Januari/ 4,75% tetap/ INDON 2026
January 8, 2026 fixed
*) Termasuk Obligasi Pemerintah yang dimiliki oleh Entitas Anak *) Including Government Bonds owned by the subsidiary
131
Page 767
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Berdasarkan jatuh tempo dan suku bunga c. Based on maturity and interest rate (continued)
(lanjutan)
Bunga atas obligasi pemerintah syariah seri Interest of ORI series, PBS and SR series
ORI, PBS dan seri SR, masing-masing sharia government bonds are paid monthly and
dibayarkan secara bulanan dan semester. semi-annually, respectively.
Nilai pasar obligasi pemerintah yang The market values of government bonds
diklasifikasikan sebagai nilai wajar melalui laba classified as fair value through profit or loss and
rugi dan diukur pada nilai wajar melalui fair value through other comprehensive income
penghasilan komprehensif lain berkisar dari are ranging from 75.94% to 125.11% and
75,94% sampai dengan 125,11% dan 93,40% 93.40% to 158.29% of nominal amounts as of
sampai dengan 158,29% masing-masing pada December 31, 2025 and 2024, respectively.
tanggal 31 Desember 2025 dan 2024.
Kerugian yang belum direalisasi akibat As of December 31, 2025 and 2024,
penurunan nilai wajar obligasi pemerintah the unrealized gain or loss due to the
yang diukur pada nilai wajar melalui decrease in the fair value of fair value through
pendapatan komprehensif lain pada tanggal other comprehensive income government
31 Desember 2025 dan 2024 masing-masing bonds (after deferred tax) amounted to
sebesar (Rp635.148) dan (Rp1.185.533), yang (Rp635,148) and (Rp1,185,533), respectively,
disajikan dalam akun “(Kerugian) yang belum which are presented as “Unrealized (loss) on
direalisasi atas efek-efek dan obligasi securities and government bonds, net of
pemerintah setelah pajak tangguhan” pada deferred tax” in the equity section of the
ekuitas dalam laporan posisi keuangan. statement of financial position.
Grup mengakui keuntungan dan kerugian The Group recognized gain and loss-net on
bersih atas penjualan obligasi pemerintah sale of government bonds amounting to
masing-masing sebesar Rp178.444 dan Rp178,444 and Rp49,049 for the year ended
Rp49.049 untuk tahun yang berakhir pada December 31, 2025 and 2024, respectively,
tanggal 31 Desember 2025 dan 2024, yang which is presented in the statement of profit or
disajikan dalam akun “Keuntungan dari loss and other comprehensive income as
penjualan obligasi pemerintah - neto” di laporan “Gain on sale of government bonds - net”.
laba rugi dan penghasilan komprehensif lain.
Grup mengakui kerugian yang belum The Group recognized unrealized loss-net
direalisasi-neto atas perubahan nilai wajar from the change in fair value
obligasi pemerintah melalui laba rugi sebesar of government bonds classified as at fair value
(Rp6.893) dan (Rp40.444) masing-masing through profit or loss amounting to (Rp6,893)
untuk tahun yang berakhir pada tanggal 31 and (Rp40,444) for the year ended
Desember 2025 dan 2024, yang disajikan December 31, 2025 and 2024, respectively,
dalam akun “Keuntungan (kerugian) yang which is presented in the statement of profit
belum direalisasi dari perubahan nilai wajar and loss in other comprehensive income as
obligasi pemerintah - neto” di laporan laba rugi “Unrealized gain and loss from change in fair
dan penghasilan komprehensif lain. value of government bonds - net”.
132
Page 768
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER
DIJUAL KEMBALI AGREEMENT TO RESELL
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreement to resell
terdiri dari: consist of:
31 Desember/December 31, 2025
Jenis Pendapatan Bunga
Surat Suku Nilai Tanggal Harga Pen- yang Belum Nilai
Berharga/ Bunga/ Nominal/ Tanggal Dimulai/ Penjualan jualan Kembali/ Direalisasi/ Tercatat/
Nasabah/ Type of Interest Nominal Commencement Kembali/ Resell Unrealized Carrying
Customer Securities rate Amount Date Resell Date Price Interest Value
Pihak Ketiga/Third Party
Standard Chartered Bank FR0056 4,70% 20.000 18 Desember/ 2 Januari/ 20.587 3 20.584
December 18, 2025 January 2, 2026
BNP Paribas FR0086 4,73% 290.000 30 December/ 6 Januari/ 288.488 188 288.300
December 30, 2025 January 6, 2026
Bank Pan Indonesia FR0093 4,70% 20.000 22 Desember/ 5 Januari/ 19.355 10 19.345
December 22, 2025 January 5, 2026
Bank Pembangunan FR0059 4,75% 10.000 19 Desember/ 2 Januari/ 9.848 1 9.847
Daerah Jawa Timur December 19, 2025 January 2, 2026
Bank Maybank Indonesia FR0059 4,75% 100.000 23 Desember/ 6 Januari/ 98.564 65 98.499
December 23, 2025 January 6, 2026
Bank Maybank Indonesia FR0059 4,75% 20.000 24 Desember/ 7 Januari/ 19.714 16 19.698
December 24, 2025 January 7, 2026
Bank Pan Indonesia FR0093 4,70% 20.000 29 Desember/ 12 Januari/ 19.294 28 19.266
December 29, 2025 January 12, 2026
Bank Pembangunan FR0096 4,75% 100.000 29 Desember/ 5 Januari/ 100.447 53 100.394
Daerah Sumatera Selatan December 29, 2025 January 5, 2026
& Bangka Belitung
Bank Pembangunan FR0096 4,75% 215.000 29 Desember/ 5 Januari/ 215.962 113 215.849
Daerah Sumatera Selatan December 29, 2025 January 5, 2026
& Bangka Belitung
BNP Paribas IDSR060226364S 4,73% 130.000 30 December/ 6 Januari/ 129.387 84 129.303
December 30, 2025 January 6, 2026
BNP Paribas IDSR230326364S 4,73% 100.000 30 December/ 6 Januari/ 99.003 64 98.939
December 30, 2025 January 6, 2026
Bank Pembangunan IDSR200226364S 4,75% 150.000 29 December/ 5 Januari/ 149.632 78 149.554
Daerah Sulawesi December 29, 2025 January 5, 2026
Utara & Gorontalo
Nationalnobu Bank IDSR170726364S 4,73% 50.000 30 December/ 13 Januari/ 48.775 76 48.699
December 30, 2025 January 13, 2026
Nationalnobu Bank IDSR310726364S 4,73% 100.000 24 December/ 7 Januari/ 97.284 77 97.207
December 24, 2025 January 7, 2026
Nationalnobu Bank IDSR201126364S 4,75% 50.000 19 December/ 2 Januari/ 47.866 6 47.860
December 19, 2025 January 2, 2026
Nationalnobu Bank IDSR150526364S 4,85% 50.000 31 December/ 14 Januari/ 49.201 85 49.116
December 31, 2025 January 14, 2026
Pihak Berelasi/Related Party
PT Bank Mandiri FR0084 4,72% 20.000 18 Desember/ 2 Januari/ 20.215 3 20.212
(Persero) Tbk December 18, 2025 January 2, 2026
PT Bank Rakyat Indonesia FR0103 4,30% 250.000 30 Desember/ 2 Januari/ 251.198 30 251.168
(Persero) Tbk December 30, 2025 January 2, 2026
Total 1.695.000 1.684.820 980 1.683.840
133
Page 769
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER
DIJUAL KEMBALI (lanjutan) AGREEMENT TO RESELL (continued)
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreement to resell
terdiri dari: consist of:
31 Desember/December 31, 2024
Jenis Pendapatan Bunga
Surat Suku Nilai Tanggal Harga Pen- yang Belum Nilai
Berharga/ Bunga/ Nominal/ Tanggal Dimulai/ Penjualan jualan Kembali/ Direalisasi/ Tercatat/
Nasabah/ Type of Interest Nominal Commencement Kembali/ Resell Unrealized Carrying
Customer Securities rate Amount Date Resell Date Price Interest Value
Pihak Ketiga/Third Party
Bank Pembangunan IDSR240125364S 6,46% 50.000 17 Desember/ 2 Januari/ 49.785 9 49.776
Daerah Kalimantan December 17, 2024 January 2, 2025
Tengah
Nationalnobu Bank IDSR051225364S 6,30% 50.000 24 Desember/ 7 Januari/ 46.868 50 46.818
December 24, 2024 January 7, 2025
Bank Pembangunan IDSR101025364S 6,46% 33.000 18 Desember/ 3 Januari/ 31.334 11 31.323
Daerah Kalimantan December 18, 2024 January 3, 2025
Tengah
Standard Chartered Bank IDSR040425364S 6,30% 10.000 23 Desember/ 6 Januari/ 9.832 9 9.823
December 23, 2024 January 6, 2025
Standard Chartered Bank IDSR040425364 6,30% 10.000 19 Desember/ 2 Januari/ 9.825 2 9.823
December 19, 2024 January 2, 2025
Bank Pembangunan FR0087 6,46% 10.000 20 Desember/ 3 Januari/ 9.205 3 9.202
Daerah Jawa Barat December 20, 2024 January 3, 2025
Dan Banten Tbk
Bank Pembangunan FR0087 6,46% 10.000 27 Desember/ 10 Januari/ 9.211 15 9.196
Daerah Jawa Barat December 27, 2024 January 10, 2025
Dan Banten Tbk
Standard Chartered Bank IDSR040425364 6,30% 5.000 30 Desember/ 13 Januari/ 4.923 11 4.912
December 30, 2024 January 13, 2025
Bank Pembangunan FR0096 6,46% 5.000 31 Desember/ 14 Januari/ 4.763 11 4.752
Daerah Jawa Barat December 31, 2024 January 14, 2025
Dan Banten Tbk
Total 183.000 175.746 121 175.625
Berikut adalah perubahan efek-efek yang dibeli Presented below is the movements in securities
dengan janji dijual kembali untuk tahun yang purchased under agreement to resell for the year
berakhir 31 Desember 2025 dan 2024: ended December 31, 2025 and 2024, respectively:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali agreement to resell
Saldo awal 175.625 - - - 175.625 Beginning Balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 1.683.840 - - - 1.683.840 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (175.625) - - - (175.625) assets
Saldo akhir tahun 1.683.840 - - - 1.683.840 Balance at the end of year
*) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan” *) Not applying SFAS No. 109 ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali agreement to resell
Saldo awal - - - - - Beginning Balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 175.625 - - - 175.625 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya - - - - assets
Saldo akhir tahun 175.625 - - - 175.625 Balance at the end of year
*) Tidak menerapkan PSAK No. 109 ”Instrumen Keuangan” *) Not applying SFAS No. 109 ”Financial Instruments”
134
Page 770
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH RECEIVABLES
Rincian kredit dan pembiayaan/piutang syariah The details of loans and sharia
yang diberikan oleh Grup berdasarkan jenis financing/receivables provided by Group classified
transaksi dengan pihak-pihak berelasi, sektor by type, transaction with related parties, economic
ekonomi, jangka waktu sesuai dengan perjanjian, sector, period based on agreements, remaining
sisa umur jatuh tempo dan kolektibilitas adalah period to maturity and collectibility are as follows:
adalah sebagai berikut:
a. Jenis Kredit dan Pembiayaan/Piutang Syariah a. Types of Loans and Sharia
Financing/Receivables
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
Konsumsi Consumer
Pemilikan rumah (KPR) 253.483.724 239.067.180 Housing loan
Non-kepemilikan rumah 14.814.998 14.243.360 Non-housing loan
268.298.722 253.310.540
Modal kerja 49.057.002 34.063.699 Working capital
Investasi 17.148.393 17.120.907 Investment
Sindikasi 9.295.241 7.785.728 Syndicated
Direksi dan karyawan Directors and employees
- Pihak ketiga 1.838.611 1.739.208 Third parties
- Pihak yang berelasi 64.955 60.023 Related parties
345.702.924 314.080.105
Syariah Sharia
Konsumsi Consumer
Pemilikan rumah (KPR) 50.855.904 40.863.836 Housing loan
Non-kepemilikan rumah 478.237 280.853 Non-housing loan
51.334.141 41.144.689
Modal kerja 2.171.225 2.464.181 Working capital
Investasi 47.104 72.475 Investment
Direksi dan karyawan Directors and employees
- Pihak yang berelasi 1.320.693 211.482 Related parties
54.873.163 43.892.827
Total 400.576.087 357.972.932 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (15.314.236) (13.057.187) for impairment losses
Neto 385.261.851 344.915.745 Net
135
Page 771
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
b. Sektor Ekonomi b. Economic Sector
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
Perumahan 276.662.811 263.792.957 Property
Jasa usaha 21.823.213 10.705.016 Business service
Konstruksi 13.915.748 13.957.153 Construction
Perdagangan, restoran, dan hotel 11.193.482 5.180.920 Trading, restaurant, and hotel
Listrik, gas, dan air 6.504.345 5.665.747 Electricity, gas, and water
Transportasi, pergudangan, Transportation, warehousing,
dan komunikasi 4.089.103 5.030.174 and communication
Manufaktur 3.409.419 2.350.749 Manufacturing
Pertambangan 2.348.464 1.672.093 Mining
Jasa-jasa social 985.099 743.868 Social service
Pertanian 216.055 144.363 Farming
Lain-lain*) 4.555.185 4.837.065 Other*)
345.702.924 314.080.105
Syariah Sharia
Perumahan 50.857.322 40.866.066 Property
Konstruksi 1.638.675 1.886.725 Construction
Jasa usaha 2.377.166 1.140.036 Business service
54.873.163 43.892.827
Total 400.576.087 357.972.932 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (15.314.236) (13.057.187) for impairment losses
Neto 385.261.851 344.915.745 Net
*) Terdiri dari rumah tangga dan sektor ekonomi lainnya *) Consists of household and other economic sectors
c. Transaksi dengan pihak-pihak berelasi c. Transactions with related parties
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
Konsumsi Consumer
Non-kepemilikan rumah 78.853 70.076 Non-housing loan
Pemilikan rumah (KPR) 992 1.811 Housing Loan
79.845 71.887
Modal Kerja 22.912.549 11.582.140 Working capital
Investasi 4.657.636 10.083.466 Investment
Sindikasi 5.476.391 6.198.506 Syndicated
33.126.421 27.935.999
Syariah Sharia
Konsumsi Consumer
Non-kepemilikan rumah 17.076 9.253 Non-housing loan
Pemilikan rumah (KPR) 1.418 2.229 Housing Loan
18.494 11.482
Modal Kerja 639.249 200.000 Working capital
Investasi 662.950 - Investment
1.320.693 211.482
Total 34.447.114 28.147.481 Total
136
Page 772
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
d. Jangka waktu (sesuai dengan perjanjian kredit d. Loan period (based on agreements covering
dan pembiayaan/piutang syariah) loan and sharia financing/receivables)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
≤ 1 tahun 11.542.228 1.834.798 ≤ 1 year
> 1 tahun ≤ 2 tahun 4.606.506 4.539.869 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 20.529.358 17.542.693 > 2 years ≤ 5 years
> 5 tahun 309.024.832 290.162.745 > 5 years
345.702.924 314.080.105
Syariah Sharia
≤ 1 tahun 178.782 100.035 ≤ 1 year
> 1 tahun ≤ 2 tahun 535.681 681.543 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 2.924.936 1.963.533 > 2 years ≤ 5 years
> 5 tahun 51.233.764 41.147.716 > 5 years
54.873.163 43.892.827
Total 400.576.087 357.972.932 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (15.314.236) (13.057.187) for impairment losses
Neto 385.261.851 344.915.745 Net
e. Sisa Umur Jatuh Tempo e. Remaining Period to Maturity
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
≤ 1 tahun 27.722.673 6.129.318 ≤ 1 year
> 1 tahun ≤ 2 tahun 7.857.501 6.200.166 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 32.786.540 29.855.225 > 2 years ≤ 5 years
> 5 tahun 277.336.210 261.895.396 > 5 years
345.702.924 314.080.105
Syariah Sharia
≤ 1 tahun 897.731 1.488.421 ≤ 1 year
> 1 tahun ≤ 2 tahun 1.170.446 1.183.565 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 3.721.978 2.751.754 > 2 years ≤ 5 years
> 5 tahun 49.083.008 38.469.087 > 5 years
54.873.163 43.892.827
Total 400.576.087 357.972.932 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (15.314.236) (13.057.187) for impairment losses
Neto 385.261.851 344.915.745 Net
137
Page 773
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya f. Other significant information
i. Termasuk di dalam kredit yang diberikan i. Loans include sharia financing/ receivables
adalah pembiayaan/piutang syariah yang with details, as follows:
diberikan dengan rincian sebagai berikut:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Piutang Murabahah 39.463.923 32.568.565 receivables
Pembiayaan Musyarakah 8.862.046 6.014.023 Musyarakah financing
Piutang Istishna 6.496.432 5.263.020 Istishna receivables
Pinjaman Qardh 25.165 20.904 Funds of Qardh
Aset yang Diperoleh Assets Acquired
untuk Ijarah – Bersih 15.460 9.525 for Ijarah – Net
Pembiayaan Mudharabah 10.137 16.790 Mudharabah financing
Total 54.873.163 43.892.827 Total
Dikurangi cadangan kerugian Less allowance for
penurunan nilai (1.354.679) (1.329.253) impairment losses
Neto 53.518.484 42.563.574 Net
ii. Tingkat suku bunga rata-rata per tahun ii. Average annual interest rates for
untuk kredit konsumer sebesar 9,48% dan consumer loans are 9.48% and 7.68% for
7,68% masing-masing untuk tahun yang the years ended December 31, 2025 and
berakhir pada tanggal 31 Desember 2025 2024, respectively. Average annual
dan 2024, Tingkat suku bunga rata-rata per interest rates for commercial loans are
tahun untuk kredit komersial masing- 7.48% and 6.30% for the years ended
masing sebesar 7,48% dan 6,30% masing- December 31, 2025 and 2024,
masing untuk tahun yang berakhir pada respectively.
tanggal 31 Desember 2025 dan 2024.
iii. Kredit yang diberikan dijamin dengan hak iii. The loans are collateralized by registered
tanggungan atau surat kuasa memasang mortgages or by powers of attorney to
hak tanggungan atau surat kuasa untuk mortgage or sell, demand deposits,
menjual, giro, tabungan, deposito savings deposits, time deposits, or by other
berjangka atau jaminan lain yang collaterals generally acceptable by the
umumnya diterima oleh Bank Bank (Notes 20, 21, and 22).
(Catatan 20, 21, dan 22).
138
Page 774
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
iv. Pada tanggal 30 Desember 2024, Bank iv. On December 30, 2024, the Bank sold
menjual kredit yang diberikan tertentu certain loans to PT AMC Dharma Jaya
kepada PT AMC Dharma Jaya (“AMC”) ("AMC") in the amount of Rp1,309,117,
sejumlah Rp1.309.117 dimana nilai where the gross carrying value of the
tercatat bruto atas pokok adalah principal was Rp1,308,723 and the interest
Rp1.308.723 dan tagihan bunga adalah receivable was Rp394. The bank had
Rp394. Bank sebelumnya telah previously established a full allowance for
membentuk cadangan kerugian penurunan impairment losses so that the carrying
nilai secara penuh sehingga nilai value was RpNil. The sale of the credit
tercatatnya adalah RpNihil. Penjualan granted was carried out through a sale and
kredit yang diberikan ini dilakukan melalui purchase deed and cessie dated
akta jual beli dan cessie tertanggal December 30, 2024 and from that date the
30 Desember 2024 dan sejak tanggal Bank stopped recognizing the credit, In
tersebut Bank menghentikan pengakuan accordance with the provisions of the sale
kredit tersebut. Sesuai dengan ketentuan and purchase deed and cessie, the Bank
dalam akta jual beli dan cessie tersebut. has transferred all rights to cash flows and
Bank telah mengalihkan seluruh hak atas also transferred all risks and benefits of the
arus kas dan juga mengalihkan seluruh credit granted for sale. Therefore, the Bank
risiko dan manfaat atas kredit yang derecognized this credit and recognized
diberikan yang dijual tersebut. Oleh karena the recovery of all previously established
itu. Bank menghentikan pengakuan atas allowances for impairment losses.
kredit yang diberikan ini dan mengakui
pemulihan seluruh cadangan kerugian
penurunan nilai yang dibentuk
sebelumnya.
Pada tanggal yang sama. Bank membeli On the same date, the Bank purchased
surat berharga syariah yaitu Sukuk sharia securities, namely Sukuk Wakalah
Wakalah BI Al-Istitsmar (“Sukuk”) yang BI Al-Istitsmar ("Sukuk") issued by
diterbitkan oleh PT Aviasi Pariwisata PT Aviasi Pariwisata Indonesia (Persero)
Indonesia (Persero) dari Subsidiary of from the Subsidiary of Enterprise ("SOE")
Enterprise (“SOE”) Dharmawangsa Fund Dharmawangsa Fund with a value of
dengan nilai sebesar Rp3.224.017 Sukuk Rp3,224,017. This sukuk has been
ini telah dicatat pada nilai wajarnya recorded at its fair value of Rp2,049,646 at
sebesar Rp2.049.646 pada tanggal the date of purchase (see Note 8
pembelian (lihat Catatan 8 (Efek-Efek). (Securities). SOE Dharmawangsa Fund is
SOE Dharmawangsa Fund merupakan sub a sub fund of Namco Indonesia Raya VCC
fund dari Namco Indonesia Raya VCC which is managed by Mandiri Investment
yang dikelola oleh Mandiri Investment Management Pte. Ltd. as investment
Management Pte. Ltd. selaku manajer manager. The majority shareholder of
investasi. Pemegang mayoritas saham AMC is Bidara Pte. Ltd. with ownership of
AMC adalah Bidara Pte. Ltd. dengan 99.9%, where the sole shareholder is
kepemilikan sebesar 99,9%. dimana Raflesia Jaya Pte. Ltd. Is Henry Shaw as
pemegang saham tunggal Bidara Pte. Ltd. one of the Director Namco Indonesia Raya
adalah Henry Shaw merupakan Direktur VCC. SOE Dharmawangsa and AMC are
Namco Indonesia Raya VCC. SOE affiliated companies. The Bank does not
Dharmawangsa dan AMC merupakan have share ownership or involvement in
perusahaan terafiliasi. Bank tidak memiliki activities in these two entities.
kepemilikan saham ataupun keterlibatan
dalam aktivitas di dalam kedua entitas ini.
139
Page 775
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
Pada tanggal 29 Desember 2023, Bank On December 29, 2023, the Bank sold
menjual kredit yang diberikan tertentu certain loans to PT AMC Padma Jaya
kepada PT AMC Padma Jaya (“AMC”) ("AMC") in the amount of Rp872,378,
sejumlah Rp872.378 dimana nilai tercatat where the gross carrying value of the
bruto atas pokok adalah Rp860.503 dan principal was Rp860,503 and the interest
tagihan bunga adalah Rp11.875. Bank receivable was Rp11,875. The bank had
sebelumnya telah membentuk cadangan previously established a full allowance for
kerugian penurunan nilai secara penuh impairment losses so that the carrying
sehingga nilai tercatatnya adalah Rpnihil. value was Rpnil. The sale of the credit
Penjualan kredit yang diberikan ini granted was carried out through a sale and
dilakukan melalui akta jual beli dan cessie purchase deed and cessie dated
tertanggal 29 Desember 2023 dan sejak December 29, 2023 and from that date the
tanggal tersebut Bank menghentikan Bank stopped recognizing the credit. In
pengakuan kredit tersebut. Sesuai dengan accordance with the provisions of the sale
ketentuan dalam akta jual beli dan cessie and purchase deed and cessie, the Bank
tersebut, Bank telah mengalihkan seluruh has transferred all rights to cash flows and
hak atas arus kas dan juga mengalihkan also transferred all risks and benefits of the
seluruh risiko dan manfaat atas kredit yang credit granted for sale. Therefore, the Bank
diberikan yang dijual tersebut. Oleh karena derecognized this credit and recognized
itu, Bank menghentikan pengakuan atas the recovery of all previously established
kredit yang diberikan ini dan mengakui allowances for impairment losses.
pemulihan seluruh cadangan kerugian
penurunan nilai yang dibentuk
sebelumnya.
Pada tanggal yang sama, Bank membeli On the same date, the Bank purchased
surat berharga syariah yaitu Sukuk sharia securities, namely Sukuk Wakalah
Wakalah BI Al-Istitsmar (“Sukuk”) yang BI Al-Istitsmar ("Sukuk") issued by
diterbitkan oleh PT Angkasa Pura I PT Angkasa Pura I (Persero) from the
(Persero) dari Subsidiary of Enterprise Subsidiary of Enterprise ("SOE")
(“SOE”) Wijayakusuma Fund dengan nilai Wijayakusuma Fund with a value of
sebesar Rp2.268.378. Sukuk ini telah Rp2,268,378. This sukuk has been
dicatat pada nilai wajarnya sebesar Rp recorded at its fair value of Rp1,465,100 at
1.465.100 pada tanggal pembelian (lihat the date of purchase (see Note 8
Catatan 8 (Efek-Efek)). SOE (Securities)). SOE Wijayakusuma Fund is
Wijayakusuma Fund merupakan sub fund a sub fund of Namco Indonesia Raya VCC
dari Namco Indonesia Raya VCC yang which is managed by Mandiri Investment
dikelola oleh Mandiri Investment Management Pte. Ltd. as investment
Management Pte. Ltd. selaku manajer manager. The majority shareholder of
investasi. Pemegang mayoritas saham AMC is Raflesia Jaya Pte. Ltd. with
AMC adalah Raflesia Jaya Pte. Ltd. ownership of 99.9%, where the sole
dengan kepemilikan sebesar 99,9%, shareholder is Raflesia Jaya Pte. Ltd. is
dimana pemegang saham tunggal Raflesia Namco Indonesia Raya VCC. SOE
Jaya Pte. Ltd. adalah Namco Indonesia Wijayakusuma and AMC are affiliated
Raya VCC. SOE Wijayakusuma dan AMC companies. The Bank does not have share
merupakan perusahaan terafiliasi. Bank ownership or involvement in activities in
tidak memiliki kepemilikan saham ataupun these two entities.
keterlibatan dalam aktivitas di dalam kedua
entitas ini.
140
Page 776
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
Mempertimbangkan transaksi pembelian Consideration that the sukuk purchase and
sukuk dan penjualan kredit yang diberikan credit sales transaction provided above
di atas dilakukan pada waktu yang sama were carried out at the same time and with
dan dengan pihak-pihak lawan yang affiliated counterparties, Bank views these
terafiliasi, Bank melihat transaksi-transaksi transaction as interrelated transaction so
ini sebagai transaksi yang saling berkaitan that the financial impact of both
sehingga dampak keuangan dari kedua transactions is recognized in the provision
transaksi diakui dalam akun beban for impairment lossess on financial and non
penyisihan kerugian penurunan nilai aset financial asset in the profit and loss
keuangan dan aset non keuangan pada statement Bank on the transaction date.
laporan laba rugi Bank pada tanggal
transaksi.
v. Kredit yang diberikan kepada direksi dan v. The loans given to the Group directors and
karyawan Grup merupakan kredit untuk employees consist of loans intended for
membeli kendaraan dan keperluan pribadi purchase of vehicles and other personal
lainnya yang dibebani bunga dengan suku necessities. These loans earn an average
bunga rata-rata pada tahun yang berakhir interest of 5.66% and 5.76%. for the year
pada tanggal 31 Desember 2025 dan 2024 ended December 31, 2025 and 2024. with
sebesar 5,66% dan 5,76% dengan jangka term ranging from 1 to 15 years. This loan
waktu berkisar antara 1 sampai dengan 15 will be repaid through employee deduction
tahun. Kredit ini akan dibayar kembali salary. Difference between employee
melalui pemotongan gaji setiap bulan. loan’s interest rates and Base Lending
Perbedaan antara tingkat bunga pinjaman Rate (BLR) is deferred and recorded as
karyawan dan Base Lending Rate (BLR) deferred expense for employee loans as
ditangguhkan dan dicatat sebagai beban part of other assets. Deferred expense for
yang ditangguhkan untuk pinjaman employee loans amounted to Rp156,517
karyawan, bagian dari aset lain-lain. and Rp341,757, as of December 31, 2025
Besarnya akun beban yang ditangguhkan and 2024, respectively (Note 16).
untuk pinjaman karyawan sebesar
Rp156.517 dan Rp341.757 tahun pada
tanggal 31 Desember 2025 dan 2024
(Catatan 16).
vi. Kredit yang diberikan dan pembiayaan/ vi. As of December 31, 2025 and 2024, the
piutang syariah kepada pihak-pihak outstanding balances of loans and sharia
berelasi tahun pada tanggal financing/receivables from related parties
31 Desember 2025 dan 2024 masing- amounted to Rp34,447,114 and
masing sebesar Rp34.447.114 dan Rp28,147,481, for the year as of
Rp28.147.481 (Catatan 46). Tahun pada December 31, 2025 and 2024, respectively
tanggal 31 Desember 2025 dan 2024 (Note 46). As of December 31, 2025 and
persentase kredit yang diberikan dan 2024 the percentage of loans and sharia
pembiayaan/ piutang syariah dari pihak- financing/receivables from related parties
pihak berelasi terhadap jumlah kredit yang represent approximately 7.51% and
diberikan dan pembiayaan/ piutang syariah 7.86%, respectively, of the total loans and
masing-masing adalah sebesar 7,51% dan sharia financing/receivables.
7,86%.
141
Page 777
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
vii. Perubahan nilai tercatat dan cadangan Vii. The movements in the gross carrying
kerugian penurunan nilai kredit yang amount and allowance for impairment
diberikan dan pembiayaan/piutang syariah losses on loans and sharia
adalah sebagai berikut: financing/receivables are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Saldo awal tahun 13.057.187 15.591.964 Balance at beginning of year
Penyisihan kerugian
penurunan nilai
selama tahun berjalan* Provision for impairment losses
(Catatan 36) 6.181.981 847.517 during the year (Note 36)
Penerimaan kembali kredit
yang telah dihapusbukukan 84.838 82.469 Recovery of loans written-off
Penghapusbukuan kredit (4.009.770) (3.464.763) Loans written-off
Saldo akhir tahun 15.314.236 13.057.187 Balance at the end of year
*) Termasuk dampak nilai wajar sukuk sebesar Rp1.174.371 juta pada *) Included impact of fair value sukuk amounted Rp1,174,371 million in
tahun 2024. 2024.
Perubahan nilai tercatat bruto adalah Movements in the gross carrying amount
sebagai berikut: are as follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Kredit yang diberikan dan Loans and sharia
pembiayaan/piutang syariah financing/receivables
Saldo Awal 259.198.583 35.477.378 19.404.144 43.892.827 357.972.932 Beginning Balance
Pengalihan ke: Transfer to:
Stage 1 6.725.102 (6.387.342) (337.760) - - Stage 1
Stage 2 (18.223.179) 18.457.299 (234.120) - - Stage 2
Stage 3 (1.796.828) (5.257.524) 7.054.352 - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 245.903.678 42.289.811 25.886.616 43.892.827 357.972.932 after transfer
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (9.056.676) 106.251 (705.032) (2.702.372) (12.357.829) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 61.113.799 128.674 838.066 15.558.539 77.639.078 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (15.626.705) (685.025) (988.342) (1.368.252) (18.668.324) assets
Aset keuangan yang Written-off financial
dihapusbuku (157.513) (523.021) (2.821.657) (507.579) (4.009.770) assets
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan 36.272.905 (973.121) (3.676.965) 10.980.336 42.603.155 during the year
Saldo akhir tahun 282.176.583 41.316.690 22.209.651 54.873.163 400.576.087 Balance at the end of year
*) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan” *) Not applying SFAS No. 109, ”Financial Instruments”
142
Page 778
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
viii. Perubahan nilai tercatat dan cadangan viii. The movements in the gross carrying
kerugian penurunan nilai kredit yang amount and allowance for impairment
diberikan dan pembiayaan/piutang syariah losses on loans and sharia
adalah sebagai berikut: (lanjutan) financing/receivables are as follows:
(continued)
Perubahan nilai tercatat bruto adalah Movements in the gross carrying amount
sebagai berikut: (lanjutan) are as follows: (continued)
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Kredit yang diberikan dan Loans and sharia
pembiayaan/piutang syariah financing/receivables
Saldo Awal 243.236.678 33.119.298 20.227.884 37.114.281 333.698.141 Beginning Balance
Pengalihan ke: Transfer to:
Stage 1 6.030.081 (5.807.436) (222.645) - - Stage 1
Stage 2 (11.650.757) 12.138.970 (488.213) - - Stage 2
Stage 3 (2.966.383) (1.941.500) 4.907.883 - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 234.649.619 37.509.332 24.424.909 37.114.281 333.698.141 after transfer
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (14.914.833) (737.501) (866.271) (2.214.778) (18.733.383) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 52.640.932 197.834 691.175 10.583.276 64.113.217 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (13.080.174) (1.053.826) (2.197.638) (1.308.642) (17.640.280) assets
Aset keuangan yang Written-off financial
dihapusbuku (96.961) (438.461) (2.648.031) (281.310) (3.464.763) assets
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan 24.548.964 (2.031.954) (5.020.765) 6.778.546 24.274.791 during the year
Saldo akhir tahun 259.198.583 35.477.378 19.404.144 43.892.827 357.972.932 Balance at the end of year
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for
adalah sebagai berikut: impairment losses are as follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Kredit yang diberikan dan Loans and sharia
pembiayaan/piutang syariah financing/receivables
Saldo Awal 1.705.798 3.564.534 6.457.602 1.329.253 13.057.187 Beginning Balance
Pengalihan ke: Transfer to:
Stage 1 578.402 (470.267) (108.135) - - Stage 1
Stage 2 (188.411) 305.516 (117.105) - - Stage 2
Stage 3 (27.793) (720.722) 748.515 - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 2.067.996 2.679.061 6.980.877 1.329.253 13.057.187 after transfer
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (354.587) 2.323.469 3.777.907 509.927 6.256.716 impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 191.148 10.034 207.338 62.521 471.041 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (142.889) (102.411) (176.195) (39.443) (460.938) assets
Aset keuangan yang Written-off financial
dihapusbuku (157.513) (523.021) (2.821.657) (507.579) (4.009.770) assets
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan (463.841) 1.708.071 987.393 25.426 2.257.049 during the year
Saldo akhir tahun 1.604.155 4.387.132 7.968.270 1.354.679 15.314.236 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
143
Page 779
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
ix. Perubahan nilai tercatat dan cadangan ix. The movements in the gross carrying
kerugian penurunan nilai kredit yang amount and allowance for impairment
diberikan dan pembiayaan/piutang syariah losses on loans and sharia
adalah sebagai berikut: (lanjutan) financing/receivables are as follows:
(continued)
Perubahan cadangan kerugian penurunan The movements in the allowance for
nilai adalah sebagai berikut: (lanjutan) impairment losses are as follows:
(continued)
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Kredit yang diberikan dan Loans and sharia
pembiayaan/piutang syariah financing/receivables
Saldo Awal 1.494.287 3.407.511 9.289.738 1.400.428 15.591.964 Beginning Balance
Pengalihan ke: Transfer to:
Stage 1 477.104 (389.026) (88.078) - - Stage 1
Stage 2 (137.427) 367.641 (230.214) - - Stage 2
Stage 3 (78.508) (298.225) 376.733 - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 1.755.456 3.087.901 9.348.179 1.400.428 15.591.964 after transfer
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (184.904) 1.085.761 1.084.554 (144.156) 1.841.255 impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 384.334 34.242 169.542 421.410 1.009.528 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (152.127) (204.909) (1.496.642) (67.119) (1.920.797) assets
Aset keuangan yang Written-off financial
dihapusbuku (96.961) (438.461) (2.648.031) (281.310) (3.464.763) assets
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan (49.658) 476.633 (2.890.577) (71.175) (2.534.777) during the year
Saldo akhir tahun 1.705.798 3.564.534 6.457.602 1.329.253 13.057.187 Balance at the end of year
*) Tidak menerapkan PSAK No. 109, ”Instrumen Keuangan” *) Not applying SFAS No. 109, ”Financial Instruments”
Pada tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024 the
termasuk di dalam saldo cadangan balance of allowance for impairment losses
kerugian adalah cadangan kerugian includes allowance for impairment losses
pembiayaan/piutang syariah masing- on sharia financing/receivables amounting
masing sebesar Rp1.354.679 dan to Rp1,354,679 and Rp1,329,253,
Rp1.329.253. respectively.
Manajemen berpendapat bahwa jumlah Management believes that the amount of
cadangan kerugian penurunan nilai kredit allowance for impairment losses on the
yang diberikan dan pembiayaan/piutang loans and sharia financing/receivables is
syariah yang dibentuk telah memadai. adequate.
144
Page 780
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. KREDIT YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
f. Informasi pokok lainnya (lanjutan) f. Other significant information (continued)
x. Fungsi pengawasan kredit Bank berfokus x. The credit control function of the Bank
pada pencegahan penurunan kualitas focuses on preventing the deterioration
portofolio kredit dan aktivitas penyaluran of the quality of credit portfolio and
kredit yang tidak sehat yang dapat unsound practices in granting credit
mengakibatkan timbulnya kerugian. Risiko facilities that may result in losses. Credit
kredit dikelola dan diatasi dengan risks are managed by establishing credit
membuat pembatasan penyaluran kredit limits and setting consistent lending
(credit limit) dan kebijakan penyaluran policies, periodic monitoring of individual
kredit yang seragam, melakukan portfolio, and measuring the collectibility
pengawasan portofolio individual secara level of credit portfolio.
periodik dan pengukuran tingkat
kolektibilitas portofolio kredit.
xi. Kredit sindikasi merupakan kredit yang xi. Syndicated loans are credits extended
diberikan kepada nasabah di bawah under a joint financing agreements with
perjanjian pembiayaan bersama dengan other banks. The Grup’s participation as
bank-bank lain. Keikutsertaan Grup a syndicate member was at 11.00% and
sebagai anggota sindikasi dengan 7.28% of the total syndicated loan
persentase penyertaan sebesar 11,00% amounts on December 31, 2025 and
dan 7,28% dari jumlah kredit sindikasi 2024, respectively.
masing-masing pada tanggal
31 Desember 2025 dan 2024.
xii. Kredit yang telah dihapusbukukan oleh xii. The loans written-off by the Bank are
Bank dicatat sebagai kredit off balance recorded as off balance sheet in the
sheet di dalam rekening administratif. administrative account.
g. Informasi mengenai klasifikasi aset keuangan g. Information with respect to classification of
yang mengalami penurunan nilai dan tidak impaired and not impaired and credit quality of
mengalami penurunan nilai dan kualitas kredit financial assets are disclosed in Note 47.
diungkapkan pada Catatan 47.
145
Page 781
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. TAGIHAN DAN LIABILITAS DERIVATIF 12. DERIVATIVE RECEIVABLE AND LIABILITIES
Bank menerapkan akuntansi lindung nilai atas Bank implemented hedge accounting of the cash
arus kas dengan tujuan untuk melindungi suatu flow with purpose to protect an instrument from
instrumen atau kelompok instrumen dari exposure of cashflow variability that can be
eksposur variabilitas arus kas yang dapat atributed at certain risk that related to acknowledge
diatribusikan pada risiko tertentu yang terkait assets or liabilities (such as all or partial of future
dengan aset atau liabilitas yang diakui (seperti interest payment on foreign currency debt) or which
seluruh atau sebagian pembayaran bunga di can be atributed to certain risk that are most likely
masa depan atas utang dengan mata uang to occur and can affect profit or loss.
asing) atau yang dapat diatribusikan pada risiko
tertentu yang terkait dengan prakiraan transaksi
yang kemungkinan besar terjadi, dan dapat
mempengaruhi laba rugi.
Pada tanggal 10 November 2022 dan On November 10, 2022 and November 18, 2022,
18 November 2022, Bank melakukan lindung Bank entered into cashflow hedge for interest rate
nilai arus kas atas suku bunga dari obligasi and principal of subordinated bond amounting to
subordinasi sebesar USD 300 juta (nilai penuh) USD 300 milion (full amount) with cross currency
dengan Cross Currency Swap (CCS), dengan swap (CCS), with notional value amount of USD 72
nilai nosional sebesar USD 72 juta (nilai penuh). million (full amount).
Pada tanggal 28 Juli 2022 Bank melakukan On July 28, 2022, Bank entered into cashflow
lindung nilai arus kas atas suku bunga dan nilai hedge for interest rate and principal of corporate
pokok dari pinjaman korporasi Japan loan Japan International Corporate Agency (JICA)
International Cooperation Agency (JICA) sebesar amounting to JPY 7 bilion (full amount) with cross
JPY 7 miliar (nilai penuh) dengan Cross Currency currency swap (CCS), with notional value amount
Swap (CCS), dengan nilai nosional sebesar JPY of JPY 3 billion (full amount).
3 miliar (nilai penuh).
Pada tanggal 24 Januari 2020 Bank melakukan On January 24, 2020, Bank entered into cashflow
lindung nilai arus kas atas suku bunga dan nilai hedge for interest rate and principal of
pokok dari obligasi subordinasi sebesar Subordinated Bond amounting to USD 300 milion
USD 300 juta (nilai penuh) dengan Cross (full amount) with cross currency swap (CCS), with
Currency Swap, dengan nilai nosional sebesar notional value amount of USD 150 million (full
USD 150 juta (nilai penuh). amount).
Perubahan nilai wajar dari kontrak CCS sebagai The changes of fair value of CCS contract as a
instrumen lindung nilai yang ditentukan sebagai hedging instrument that is designated as an
lindung nilai yang efektif (yaitu bagian yang saling effective hedge (that is, a part of set off) are
hapus) diakui dalam penghasilan komprehensif recognized in other comprehensive income. The
lain. Setiap sisa keuntungan/kerugian atas remaining gains/losses on the hedging instrument
instrumen lindung nilai (yaitu ketidakefektifan) (ie. inefectiveness) of the hedge, recognized in
untuk lindung nilai diakui dalam laba rugi. profit/loss.
Sejak penerapan akuntansi lindung nilai arus Since the adoption of cash flow hedge accounting,
kas, manajemen telah menyusun dokumentasi management has prepared comprehensive
mengenai keterkaitan antara instrumen derivatif documentation outlining the relationship between
yang digunakan sebagai lindung nilai dan pos the derivative instruments used as hedging
yang dilindungi. Dokumentasi ini juga mencakup instruments and the hedge items. This
tujuan manajemen dalam mengelola risiko, serta documentation also includes the management’s
strategi yang diterapkan dalam melakukan objectives in risk management and the strategies
transaksi lindung nilai melalui instrumen derivatif applied in executing hedging transactions through
tersebut. those derivative instruments.
146
Page 782
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. TAGIHAN DAN LIABILITAS DERIVATIF 12. DERIVATIVE RECEIVABLE AND LIABILITIES
(lanjutan) (continued)
Dokumentasi juga mencakup evaluasi efektivitas The documentation also includes an assessment of
hubungan lindung nilai antara instrumen derivatif the effectivieness of the hedging relationship
yang digunakan dan item yang dilindungi. between the derivative instruments used and the
Evaluasi ini dilakukan untuk memastikan bahwa hedged items. This assessment is conducted to
lindung nilai tersebut tetap efektif, baik pada saat ensure that the hedge remains effective, both at the
awal penetapan hubungan lindung nilai maupun inception of the hedging relationship and on an
secara berkala selama periode lindung nilai ongoing basis throughout the hedge period.
berlangsung.
Per Januari 2025, seluruh kontrak cross currency As of January 2025, all cross currency swap
swap yang dimiliki oleh Bank telah jatuh tempo contracts held by Bank has matured due to maturity
dikarenakan obligasi subordinasi atas global of global bond. With the expiration of these
bond telah jatuh tempo. Dengan berakhirnya contracts, changes in the fair value of the cross
kontrak tersebut, perubahan nilai wajar atas currency swap instruments are no longer
instrumen cross currency swap tidak lagi dicatat recognized in othe comprehensive income. Gains or
dalam penghasilan komprehensif lain. losses that were previously recorded as part of
Keuntungan atau kerugian yang sebelumnya effective hedge relationships have been reclassified
tercatat sebagai bagian dari lindung nilai yang to profit or loss, in accordance with accounting
efektif telah dipindahkan ke laba rugi, sesuai standards for hedging instruments that have ended.
dengan ketentuan akuntansi untuk instrumen
lindung nilai yang telah selesai.
31 Desember/December 31, 2024
Suku bunga yang
Suku bunga yang diterima/
Tanggal Transaksi/ Pihak ketiga/ Nosional/ dibayarkan/ Interest Jatuh tempo/
Transaction Date Third Parties Notional Interest Paid receivable Maturity Date
27 Januari/ 23 Januari/
January 27, 2020 Standard Chartered Bank USD25.000.000 8.30% 4.20% January 23, 2025
27 Januari/ 23 Januari/
January 27, 2020 Deutsche Bank AG USD25.000.000 8.30% 4.20% January 23, 2025
10 November/
November 10, 23 Januari/
2022 ANZ Bank USD25.000.000 6.20% 4.20% January 23, 2025
10 November/
November 10, 23 Januari/
2022 UOB Bank USD25.000.000 6.20% 4.20% January 23, 2025
18 November/
November 18, 23 Januari/
2022 Standard Chartered Bank USD22.000.000 6.33% 4.20% January 23, 2025
Selisih nilai wajar instrumen derivatif yang ditujukan The fair value difference of derivative instruments
sebagai lindung nilai arus kas dan kerugian selisih designated as cash flow hedges and loss on foreign
kurs atas obligasi subordinasi dalam mata uang exchange of subordinated bonds denominated in
asing dicatat pada penghasilan komprehensif lain foreign currency were reported as other
masing-masing 31 Desember 2025 dan 2024. Saldo comprehensive income amounting to RpNil, and
kerugian tersebut masing-masing sebesar RpNihil Rp44,082, as of December 31, 2025, and 2024,
dan Rp44.082, disajikan sebagai ”Bagian efektif respectively. The amount is presented as “Effective
lindung nilai arus kas” pada ekuitas. portion of cashflow hedge” in equity.
Ringkasan transaksi derivatif sebagai berikut: The summary of the derivatives transaction as
follow:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tagihan Derivatif Derivative Receivable
Cross currency interest Cross currency interest
rate swap - 102.843 rate swap
Total - 102.843 Total
147
Page 783
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. TAGIHAN AKSEPTASI 13. ACCEPTANCES RECEIVABLE
Rincian tagihan akseptasi kepada nasabah adalah The details of acceptances receivable from
sebagai berikut: customers are as follows:
a. Berdasarkan Jenis dan Mata Uang a. By Type and Currency
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Berelasi Related Parties
Surat Kredit Berdokumen Domestic Document
Dalam Negeri (SKBDN) 154.462 433.708 Letter of Credit
Pihak Ketiga Third Parties
Surat Kredit Berdokumen Domestic Document
Dalam Negeri (SKBDN) 420.439 508.190 Letter of Credit
Total 574.901 941.898 Total
Cadangan kerugian Alowance for
penurunan nilai (124) (1.987) impairment losses
Total 574.777 939.911 Total
b. Berdasarkan Jangka Waktu b. By Period
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
< 1 bulan 111.994 96.814 < 1 month
> 1 bulan - 3 bulan 67.421 724.495 > 1 month - 3 months
> 3 bulan - 1 tahun 395.486 120.589 > 3 months - 1 year
Total 574.901 941.898 Total
c. Nilai tercatat bruto dan cadangan kerugian c. Gross carrying amount and allowance for
penurunan nilai impairment losses
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Tagihan akseptasi Acceptances receivable
Saldo Awal 941.898 - - - 941.898 Beginning balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 574,901 - - - 574,901 originated or purchased
Pembayaran kembali (941.898) - - - (941.898) Repayment
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan (366.997) - - - (366.997)
Saldo akhir tahun 574.901 - - - 574.901 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
148
Page 784
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. TAGIHAN AKSEPTASI (lanjutan) 13. ACCEPTANCES RECEIVABLE (continued)
c. Nilai tercatat bruto dan cadangan kerugian c. Gross carrying amount and allowance for
penurunan nilai (lanjutan) impairment losses (continued)
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are
berikut: (lanjutan) as follows: (continued)
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Tagihan akseptasi Acceptances receivable
Saldo Awal 488.494 56.073 - - 544.567 Beginning balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 941.898 (56.073) - - 885.825 originated or purchased
Pembayaran kembali (488.494) - - - (488.494) Repayment
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan 453.404 (56.073) - - 397.331
Saldo akhir tahun 941.898 - - - 941.898 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
Perubahan cadangan kerugian penurunan The movements in the allowance for
nilai adalah sebagai berikut: impairment losses are as follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Tagihan akseptasi Acceptances receivable
Saldo awal 1.987 - - - 1.987 Beginning Balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 3.850 - - - 3.850 originated or purchased
Pembayaran kembali (1.987) - - - (1.987) Repayment
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan (1.863) - - - (1.863) during the year
Saldo akhir tahun 124 - - - 124 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Tagihan akseptasi Acceptances receivable
Saldo awal 1.447 22.429 - - 23.876 Beginning Balance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 1.987 - - 1.987 originated or purchased
Pembayaran kembali (1.447) (22.429) - - (23.876) Repayment
Total penambahan/(penurunan) Total addition/(reversal)
tahun berjalan 540 (22.429) - - (21.889) during the year
Saldo akhir tahun 1.987 - - - 1.987 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
Bank melakukan penilaian atas penurunan nilai The Bank assessed acceptance receivables
tagihan akseptasi secara kolektif. collectively for impairment.
Manajemen berpendapat bahwa jumlah The management believes that the allowance
cadangan kerugian atas tagihan yang dibentuk for impairment losses provided on acceptances
telah memadai. receivable is adequate.
149
Page 785
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP 14. PREMISES AND EQUIPMENT
Akun ini terdiri dari: This account consists of:
31 Desember/December 31, 2025
Saldo Awal/ Saldo Akhir/
Beginning Revaluasi/ Penambahan/ Pengurangan/ Reklasifikasi/* Ending
Balance Revaluation Additions Deductions Reclassification* Balance
Biaya/nilai revaluasi Cost/revaluation value
Tanah 5.367.787 422.385 100.761 - 5.380 5.896.313 Land
Bangunan 2.623.704 - 17.040 - 686.796 3.327.540 Buildings
Peralatan kantor dan Office furniture,fixtures,
kendaraan bermotor 4.091.814 - 229.201 (9.817) 366.800 4.677.998 and motor vehicle
12.083.305 422.385 347.002 (9.817) 1.058.976 13.901.851
Constructions in
Aset dalam pembangunan 1.148.746 - 1.392.071 - (1.302.075) 1.238.742 progress
13.232.051 422.385 1.739.073 (9.817) (243.099) 15.140.593
Aset hak guna 827.906 - 197.607 (215.593) - 809.920 Right of use of asset
14.059.957 422.385 1.936.680 (225.410) (243.099) 15.950.513
Accumulated
Akumulasi penyusutan depreciation
Bangunan 1.047.584 - 124.735 - (65) 1.172.254 Buildings
Office furniture,
Peralatan kantor dan fixtures and
kendaraan bermotor 3.281.948 - 438.560 (9.817) 7.014 3.717.705 motor vehicles
4.329.532 - 563.295 (9.817) 6.949 4.889.959
Aset hak guna 554.294 - 213.125 (215.593) - 551.826 Right of use of asset
4.883.826 - 776.420 (225.410) 6.949 5.441.785
Nilai Buku Neto 9.176.131 10.508.728 Net Book Value
*) Termasuk reklasifikasi ke aset tak berwujud sebesar Rp243.099 *) This includes reclassification to intangible asset amounted to Rp243.099
31 Desember/December 31, 2024
Saldo Awal/ Saldo Akhir/
Beginning Revaluasi/ Penambahan/ Pengurangan/ Reklasifikasi/ Ending
Balance Revaluation Additions Deductions Reclassification Balance
Biaya/nilai revaluasi Cost/revaluation value
Tanah 4.548.181 - 148.395 - 671.211 5.367.787 Land
Bangunan 1.860.935 - 5.216 - 757.553 2.623.704 Buildings
Peralatan kantor dan Office furniture,fixtures,
kendaraan bermotor 4.111.287 - 509.284 (557.075) 28.318 4.091.814 and motor vehicle
10.520.403 - 662.895 (557.075) 1.457.082 12.083.305
Constructions in
Aset dalam pembangunan 1.634.202 971.626 - (1.457.082) 1.148.746 progress
12.154.605 1.634.521 (557.075) - 13.232.051
Aset hak guna 799.141 - 155.278 (126.513) - 827.906 Right of use of asset
12.953.746 - 1.789.799 (683.588) - 14.059.957
Accumulated
Akumulasi penyusutan depreciation
Bangunan 938.176 - 109.408 - - 1.047.584 Buildings
Office furniture,
Peralatan kantor dan fixtures and
kendaraan bermotor 3.421.448 - 417.575 (557.075) - 3.281.948 motor vehicles
4.359.624 - 526.983 (557.075) - 4.329.532
Aset hak guna 476.310 - 204.497 (126.513) - 554.294 Right of use of asset
4.835.934 - 731.480 (683.588) - 4.883.826
Nilai Buku Neto 8.117.812 9.176.131 Net Book Value
150
Page 786
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (lanjutan) 14. PREMISES AND EQUIPMENT (continued)
Biaya perolehan dan akumulasi penyusutan aset The acquiring cost and accumulated depreciation of
tetap pada 31 Desember 2025 dan 2024 pada tabel premises and equipment as of December 31, 2025
di atas termasuk Bank dan entitas anak. and 2024 based on table above also include the
value of Bank and subsidiaries.
Jumlah penyusutan aset tetap yang dibebankan pada Depreciation of premises and equipment and right of
tahun yang berakhir pada tanggal 31 Desember 2025 use asset charged to operations amounted to
dan 2024, masing-masing sebesar Rp563.295 dan Rp563,295 and Rp526,983, for the year ended
Rp526.983 (Catatan 37). December 31, 2025 and 2024, respectively (Note
37).
Nilai tercatat bruto dari aset tetap yang telah The gross carrying amount of the Gruop's fully
didepresiasi penuh oleh Grup namun masih depreciated premises and equipment that are still in
digunakan masing-masing adalah sebesar use amounted to Rp2,829,190 and Rp2,512,814 as
Rp2.829.190 dan Rp2.512.814 pada tanggal of December 31, 2025 and 2024, respectively.
31 Desember 2025 dan 2024.
Hak atas tanah terdiri dari hak milik dan hak guna Landrights consist of ownership rights and rights to
bangunan. Manajemen berpendapat bahwa jangka use. Management has the opinion that the terms of
waktu hak atas tanah dapat diperbaharui atau the landrights can be renewed or extended upon
diperpanjang kembali. their expiration.
Grup telah mengasuransikan aset tetap kecuali The Group insured its premises and equipment
tanah untuk menutup kemungkinan kerugian from losses due to risks of fire and theft to
terhadap risiko kebakaran dan pencurian kepada PT Asuransi Bina Griya (related party) on date
PT Asuransi Bina Griya (pihak berelasi) pada December 31, 2025 and 2024 amounting to
tanggal 31 Desember 2025 dan 2024 masing- Rp3,478,754 and Rp8,637,222, respectively.
masing sebesar Rp3.478.754 dan Rp8.637.222.
Persentase tingkat penyelesaian aset dalam The percentage of completion of the constructions
penyelesaian masing-masing pada tanggal 31 in progress as of December 31, 2025 and 2024:
Desember 2025 dan 2024 masing-masing adalah
sebagai berikut:
31 Desember/December 31, 2025
Kisaran persentase jumlah
Kisaran persentase
tercatat terhadap nilai kontrak
Jumlah/ penyelesaian/
penyelesaian/
Amount Range percentage of
Range percentage carrying
completion
amount to contract value
Bangunan 846.544 1,88% - 99,97% 1,88% - 99,97% Building
Non Bangunan 392.198 2% - 90% 2% - 90% Non-Building
31 Desember/December 31, 2024
Kisaran persentase jumlah
Kisaran persentase
tercatat terhadap nilai kontrak
Jumlah/ penyelesaian/
penyelesaian/
Amount Range percentage of
Range percentage carrying
completion
amount to contract value
Bangunan 550.132 43,10% - 87,60% 43,10% - 87,60% Building
Non Bangunan 598.614 2% - 95% 2% - 95% Non-Building
151
Page 787
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (lanjutan) 14. PREMISES AND EQUIPMENT (continued)
Penilaian atas tanah di tahun 2016 dilakukan oleh The valuations of land in 2016 were performed by an
penilai independen eksternal KJPP Immanuel, external independent appraiser KJPP Immanuel,
Johnny, dan Rekan melalui laporannya pada Johnny, dan Rekan through its report dated April 19,
tanggal 19 April 2016. Selanjutnya di tahun 2019, 2016. Next in 2019, the bank revalued its land which
Bank melakukan penilaian kembali atas tanah yang was done by an external independent appraiser
dimiliki yang dilakukan oleh penilai independen KJPP Agus, Ali, Firdaus and Partners with its report
eksternal KJPP Agus, Ali, Firdaus dan Rekan dated October 22, 2019. The bank revalued its land
dengan laporan tertanggal 22 Oktober 2019. Bank in 2022 which was done by an external independent
melakukan penilaian kembali atas tanah yang appraiser KJPP Aditya Iskandar and Partners with its
dimiliki pada tahun 2022 yang dilakukan oleh penilai report dated December 12, 2022 which signed by
independen eksternal KJPP Aditya Iskandar dan appraiser Aditya Iskandar Dwiatmaja. Following this,
Rekan dengan laporan tertanggal 12 Desember in 2025, the Bank revalued the land once more, with
2022 yang ditandatangani oleh penilai Aditya the appraisal conducted by KJPP Johnny Farel and
Iskandar Dwiatmaja. Selanjutnya, pada tahun 2025 Rekan, and their report dated March 28, 2025 and
Bank melakukan penilaian kembali atas tanah, yang December 24, 2025, was signed by appraiser Johnny
dilakukan oleh KJPP Jhonny Farel dan Rekan Farel.
dengan laporan tertanggal 28 Maret 2025 dan 24
Desember 2025 yang ditandatangani oleh penilai
Johnny Farel.
Penilaian dilakukan sesuai dengan dan tunduk The appraisal is carried out in accordance with and
kepada ketentuan-ketentuan dari Kode Etik Penilai subject to the provisions of the Indonesian Appraiser
Indonesia (KEPI) dan berdasarkan POJK No. Code of Ethics (KEPI) and based on POJK
28/POJK.04/2021 tanggal 30 Desember 2021 No. 28/POJK.04/2021 dated December 30, 2021
tentang “Penyajian Laporan Penilaian Properti Di concerning "Presentation of Property Valuation
Pasar Modal” dan Standar Penilaian Indonesia, Reports in the Capital Market" and Indonesian
ditentukan berdasarkan transaksi pasar terkini dan Valuation Standards, determined based on recent
dilakukan dengan ketentuan-ketentuan yang lazim. market transactions and carried out with customary
provisions.
Dalam pengukuran nilai wajar tanah, Penilai In the fair value measurement of the land, the
Independen memperhitungkan kemampuan peserta Independent Appraisers takes into account a market
pasar untuk menghasilkan manfaat ekonomi dengan participant’s ability to generate economic benefits by
penggunaan tertinggi dan terbaik atas aset atau using the assets in its highest and best use or by
dengan menjual aset ke peserta pasar lain yang selling it to another market participant that would use
akan menggunakan aset pada kondisi tertinggi dan the asset in its highest and best use. The valuation
penggunaan terbaik. Metode penilaian yang method used by the Independent Appraiser is market
digunakan oleh Penilai Independen adalah approach.
pendekatan pasar.
152
Page 788
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (lanjutan) 14. PREMISES AND EQUIPMENT (continued)
Informasi mengenai penilaian kembali aset tetap Information on the revaluation of land performed by
untuk kelompok aset tanah yang dilakukan Bank the Bank in 2016, 2019, 2022 and 2025 are as follows:
tahun 2016, 2019, 2022 dan 2025 adalah sebagai
berikut:
31 Desember/December 31, 2025
Nilai Buku sebelum
Revaluasi/ Carrying Nilai Buku setelah Keuntungan/(Kerugian)
Amount Before Revaluasi/ Carrying Revaluasi/ Gain/(Loss) on
Revaluation Amount after Revaluation Revaluation
Tanah 5.358.231 5.780.616 422.385 Land
31 Desember/December 31, 2022
Nilai Buku sebelum
Revaluasi/ Carrying Nilai Buku setelah Keuntungan/(Kerugian)
Amount Before Revaluasi/ Carrying Revaluasi/ Gain/(Loss) on
Revaluation Amount after Revaluation Revaluation
Tanah 3.991.340 4.191.914 200.574 Land
31 Desember/December 31, 2019
Nilai Buku sebelum
Revaluasi/ Carrying Nilai Buku setelah Keuntungan/(Kerugian)
Amount Before Revaluasi/ Carrying Revaluasi/ Gain/(Loss) on
Revaluation Amount after Revaluation Revaluation
Tanah 3.635.660 3.970.391 334.731 Land
31 Desember/December 31, 2016
Nilai Buku sebelum
Revaluasi/ Carrying Nilai Buku setelah Keuntungan/(Kerugian)
Amount Before Revaluasi/ Carrying Revaluasi/ Gain/(Loss) on
Revaluation Amount after Revaluation Revaluation
Tanah 537.559 3.580.298 3.042.739 Land
Pada tahun 2025, Bank melakukan reklasifikasi atas In 2025, the Bank reclassified abandoned property
properti terbengkalai yang sudah tidak memiliki nilai which has no book value and currently has been
buku dan saat ini telah dibangun serta dimanfaatkan constructed and reutilized as fixed asset. The
kembali sebagai aset tetap. Nilai yang dibuku recording of these fixed assets is based on the
berdasarkan penilaian kembali (revaluasi) yang results of the revaluation carried out by the Bank
dilakukan oleh Bank sesuai dengan nilai pasar aset. according to the market value of the assets. The
Penilaian kembali yang dilakukan atas properti revaluation of the abandoned property resulted in
terbengkalai tersebut menghasilkan jumlah kenaikan an increase in the carrying amounting to
tercatat sebesar Rp345.222 dimana kenaikan nilai Rp345,222, where the increase in the recorded
tercatat yang timbul dari penilaian kembali dicatat value arising from the revaluation was recorded as
sebagai “Surplus Revaluasi Aset Tetap”, dan "Fixed Asset Revaluation Surplus", and was
disajikan dalam penghasilan komprehensif lain presented in other comprehensive income
sebesar Rp345.222. amounting to Rp345,222.
153
Page 789
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (lanjutan) 14. PREMISES AND EQUIPMENT (continued)
Pada tahun 2025, 2022 dan 2019, Bank melakukan In 2025, 2022 and 2019, Bank has revalued the
penilaian kembali atas tanah tersebut bukan untuk value of that land not for tax purpose rather for the
tujuan perpajakan tetapi hanya untuk tujuan accounting purpose according to the Financial
akuntansi sesuai dengan Standar Akuntansi Accounting Standard. The revaluation of fixed
Keuangan. Penilaian kembali atas aset tetap tahun assets was performed by KJPP Johny & Farel, as
2025 dilakukan oleh KJPP Johny & Farel dengan stated in their report dated March 28, 2025 and
laporan tertanggal 28 Maret 2025 dan 24 Desember December 24, 2025. The revaluation resulted in an
2025. Penilaian kembali yang dilakukan increase amounting to Rp422,385 which was
menghasilkan jumlah kenaikan sebesar Rp422.385 recognized in “Surplus Revaluasi Aset Tetap”.
yang tercatat pada ”Surplus Revaluasi Aset Tetap”.
Penilaian kembali yang dilakukan atas tanah pada The revaluation of land in 2022, resulted in an
tahun 2022 menghasilkan jumlah kenaikan nilai increase in the carrying amount of land amounting
tercatat sebesar Rp200.574 yang tercatat pada to Rp200,574 which consists of the increase in the
“Penghasilan Komprehensif Lain”. Sedangkan carrying amount of land recognised as “Other
penilaian kembali yang dilakukan atas tanah pada Comprehensive Income”. However, the revaluation
tahun 2019, menghasilkan jumlah kenaikan nilai of land in 2019, resulted in an increase in the
tercatat sebesar Rp334.731 yang terdiri dari carrying amount of land amounting to Rp334,731
kenaikan nilai tanah yang dicatat sebagai which consists of the increase in the carrying
“Penghasilan Komprehensif Lain” sebesar amount of land recognised as “Other
Rp341.000 dan penurunan nilai tanah yang diakui Comprehensive Income” amounting to Rp341,000
sebagai beban tahun berjalan sebesar Rp6.269. and a decrease in carrying amount of land
Kenaikan nilai tercatat yang timbul dari revaluasi recognised in the current year expenses amounting
tahun 2016 dicatat sebagai “Surplus Revaluasi Aset to Rp6,269. Increase in the carrying amount arising
Tetap”, dan disajikan dalam penghasilan from revaluation in 2016 is recorded in “Premises
komprehensif lain sebesar Rp3.042.739. and Equipment Revaluation Surplus” and
presented in other comprehensive income
amounting to Rp3,042,739.
Penilaian kembali tanah pada tahun 2016 adalah Revaluation of land in 2016, for tax purposes is
untuk tujuan perpajakan dilakukan setelah performed after the approval from Directorate
mendapatkan persetujuan dari Direktorat Jenderal General of Tax through its letter
Pajak dengan Surat Keputusan No. KEP-435/WPJ.19/2016 dated June 8, 2016.
No. KEP-435/WPJ.19/2016 tanggal 8 Juni 2016. The amount of tax which has been paid by the Bank
Jumlah pajak yang telah dibayar oleh Bank in relation with the revaluation was amounting to
sehubungan penilaian kembali tersebut adalah Rp75,748.
sebesar Rp75.748.
Jika tanah dicatat sebesar harga perolehan, maka If land is recorded at historical cost basis, the
pada tanggal 31 Desember 2025 dan 2024 adalah amount as of December 31, 2025 and 2024, would
sebesar Rp1.838.514 dan Rp1.790.401. be Rp1,838,514 and Rp1,790,401.
Nilai wajar atas tanah termasuk pada hirarki nilai The fair value of land included in the fair value
wajar level 3. hierarchy as level 3.
Tidak ada aset tetap yang dimiliki Bank yang As of December 31, 2025 and 2024, there are no
dijadikan jaminan pada tanggal-tanggal fixed assets owned by the Bank which are pledged
31 Desember 2025 dan 2024. as collateral.
Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impairment
penurunan nilai aset tetap dan jumlah nilai in value of premises and equipments and the
pertanggungan asuransi cukup untuk menutup risiko amount of insurance coverage is adequate to cover
kerugian yang mungkin timbul atas aset tetap pada the risk of loss that may arise on the premises and
tanggal-tanggal 31 Desember 2025 dan 2024. equipments as of December 31, 2025 and 2024.
154
Page 790
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (lanjutan) 14. PREMISES AND EQUIPMENT (continued)
Grup menyewa beberapa aset termasuk bangunan, The Group leases several assets including
rumah dinas, lahan ATM, kendaraan mobil, jaringan, buildings, official residences, ATM space, car,
mesin ATM, dan media promosi. Rata-rata masa network, ATM machine, and promotional media.
sewa adalah 4 tahun. Grup mempunyai sewa The average lease term is 4 years. The Group also
tertentu dengan masa sewa 12 bulan atau kurang has certain leases with lease terms of 12 months or
dan sewa bernilai rendah. Bank menerapkan less and low value assets. The Bank applies the
pengecualian pengakuan sewa jangka pendek dan recognition exemptions of short-term leases and
sewa bernilai rendah untuk sewa tersebut. low-value assets for these leases.
Nilai tercatat untuk aset hak guna adalah sebagai The carrying amount of right of use assets are as
berikut: follows:
31 Desember/December 31, 2025
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Ending
Balance Additions/ Deductions/ Balance
Nilai tercatat Carrying amount
Bangunan 566.393 122.654 (149.347) 539.700 Buildings
Kendaraan 261.513 74.953 (66.246) 270.220 Vehicle
Mesin ATM - - - - ATM Machine
Lainnya - - - - Others
827.906 197.607 (215.593) 809.920
Akumulasi penyusutan Accumulated depreciation
Bangunan 372.664 129.133 (149.347) 352.450 Buildings
Kendaraan 181.630 83.992 (66.246) 199.376 Vehicle
Mesin ATM - - - - ATM Machine
Lainnya - - - - Others
554.294 213.125 (215.593) 551.826
Nilai Buku Neto 273.612 258.094 Net Book Value
31 Desember/December 31, 2024
Saldo Awal/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Ending
Balance Additions/ Deductions/ Balance
Nilai tercatat Carrying amount
Bangunan 582.084 103.113 (118.804) 566.393 Buildings
Kendaraan 216.939 52.165 (7.591) 261.513 Vehicle
Mesin ATM - - - - ATM Machine
Lainnya 118 - (118) - Others
799.141 155.278 (126.513) 827.906
Akumulasi penyusutan Accumulated depreciation
Bangunan 346.417 145.052 (118.805) 372.664 Buildings
Kendaraan 129.776 59.445 (7.591) 181.630 Vehicle
Mesin ATM - - - - ATM Machine
Lainnya 117 - (117) - Others
476.310 204.497 (126.513) 554.294
Nilai Buku Neto 322.831 273.612 Net Book Value
155
Page 791
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. BUNGA YANG MASIH AKAN DITERIMA 15. INTERESTS RECEIVABLES
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Kredit yang diberikan 11.498.860 10.896.436 Loans
Obligasi pemerintah 626.957 490.258 Government bonds
Efek-efek dan penempatan pada bank lain 97.007 94.997 Securities and placement with other Banks
Derivatif - 36.883 Derivative
Total 12.222.824 11.518.574 Total
16. ASET LAIN-LAIN 16. OTHER ASSETS
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak ketiga Third party
Tagihan kepada pihak ketiga 828.871 1.781.884 Third party receivables
Goodwill 527.705 - Goodwill
Beban yang ditangguhkan untuk Deferred expense for
pinjaman karyawan (Catatan 11f) 156.517 341.757 employee loan (Note 11f)
Agunan yang diambil alih 77.591 77.591 Foreclosed collateral
Penyertaan 29 - Investments in shares
Lainnya 130.860 142.507 Others
Total 1.721.573 2.343.739 Total
Tagihan kepada pihak ketiga merupakan tagihan Third party receivables represent receivables from
kepada nasabah dan pihak lainnya seperti tagihan customers and other parties such as the receivables
kepada Pemerintah Republik Indonesia from the Government of the Republic of Indonesia,
(Perumpera), tagihan kepada PT Pos Indonesia (Perumpera) receivables from PT Pos Indonesia
(Persero) sehubungan dengan kerja sama (Persero) regarding collaboration on holding
penyelenggaraan Tabungan Batara Kantor Pos, Tabungan Batara Kantor Pos, and receivables from
serta tagihan kepada PT Artajasa terkait dengan PT Artajasa arising from transactions with
transaksi ATM Bersama, PT Finnet Indonesia atas ATM Bersama, receivables from PT Finnet
transaksi ATM Link, PT Alto Network atas transaksi Indonesia arising from ATM Link’s transactions,
ATM Alto, dan PT Rintis Sejahtera atas transaksi receivables from PT Alto Network arising from
ATM Prima. transaction with ATM Alto, and receivables from
PT Rintis Sejahtera arising from transaction with
ATM Prima.
Bank telah melakukan upaya penyelesaian atas Bank has made efforts to settle foreclosed
agunan yang diambil alih dengan melakukan upaya collaterals by making an attempt to sell in the form
penjualan dalam bentuk pengambilalihan agunan of take over of collateral by investors on foreclosed
oleh investor atas agunan yang diambil alih. collaterals.
156
Page 792
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. ASET LAIN-LAIN (lanjutan) 16. OTHER ASSETS (continued)
Seperti diungkapkan pada Catatan 1i, Bank memiliki As disclosed in Note 1i, the Bank owns
1.059.982.683 lembar saham BSN yang mewakili 1,059,982,683 shares of BSN representing
99,9984% dari total saham yang ditempatkan dan 99.9984% of the total issued and fully paid-up
disetor penuh dalam BSN. Nilai wajar dari aset dan capital in BSN. The fair values of the identifiable
liabilitas teridentifikasi PT Bank Syariah Nasional assets and liabilities of PT Bank Syariah Nasional
pada tanggal akuisisi (5 Juni 2025) adalah: as at the date of acquisition (June 5, 2025) were:
Nilai wajar/
Fair value
Nilai atas akuisisi berdasarkan nilai wajar 1.627.931 Acquisition value at fair value
Nilai aset bersih teridentifikasi (1.100.244) Total identifiable net assets
Kepentingan non-pengendali 18 Non-controlling interest
Residual goodwill 527.705 Residual goodwill
Nilai aset bersih teridentifikasi entitas anak sebesar The identifiable net assets of subsidiary amounted
Rp1.100.244 adalah final per tanggal 31 Desember to Rp1.100.244 is final as of December 31, 2025 .
2025. Tidak terdapat penyesuaian terhadap nilai There are no adjustments to the fair value to the net
aset bersih entitas anak setelah alokasi harga assets of subsidiary after purchase price allocation,
pembelian sehingga nilai goodwill akhir pada therefore the final goodwill as of December 31,
tanggal 31 Desember 2025 adalah sebesar 2025 is amounted to Rp527.705.
Rp527.705.
17. ASET TIDAK BERWUJUD 17. INTANGIBLE ASSETS
31 Desember/December 31, 2025
Saldo awal/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions* Deductions Reclassification Balance
Nilai Perolehan Cost value
Aset tidak berwujud 137.531 340.818 - 87.543 565.892 Intangible asset
Aset tidak berwujud dalam Intangible asset
proses penyelesaian - 315.391 (1.656) (87.543) 226.192 in progress
137.531 656.209 (1.656) - 792.084
Akumulasi Amortisasi Accumulated Amortization
Aset tidak berwujud (15.522) (50.999) - - (66.521) Intangible asset
Nilai Buku Neto 122.009 725.563 Net Book Value
*) Termasuk penambahan dari reklasifikasi aset dalam penyelesaian sebesar *) This includes addition from reclassification construction in progress of premises
Rp243.009 and equipment amounted to Rp243.009
31 Desember/December 31, 2024
Saldo awal/ Saldo Akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Deductions Reclassification Balance
Nilai Perolehan Cost value
Aset tidak berwujud - 137.531 - - 137.531 Intangible asset
- 137.531 - - 137.531
Akumulasi Amortisasi Accumulated Amortization
Aset tidak berwujud - (15.522) - - (15.522) Intangible asset
Nilai Buku Neto - 122.009 Net Book Value
Aset tidak berwujud diamortisasi selama umur Intangible asset is amortised over its economic
ekonomis yaitu selama 5 tahun. Amortisasi dihitung useful life of 5 years. Amortization is calculated
dengan menggunakan metode garis lurus. using the straight-line method.
157
Page 793
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. BIAYA DIBAYAR DIMUKA 18. PREPAID EXPENSES
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Asuransi 487.332 283.649 Prepaid insurance premium
Promosi 197.537 206.090 Prepaid Promotion Expenses
Pemeliharaan Gedung 171.244 182.280 Building Maintenance Fee
Sewa 153.498 149.576 Prepaid Rent
Biaya Transaksi IT 74.314 46.042 Prepaid IT Expenses
Jasa Konsultan 49.256 32.241 Prepaid Consultant Fee
Biaya Kepegawaian 18.109 13.049 Employee Expenses
Penjaminan Pemerintah 4.338 - Government Guarantee Fee
Lainnya 77.141 72.894 Others
Total 1.232.769 985.821 Total
Rincian lainnya terutama terdiri dari biaya dibayar Details of others consist mainly of prepaid expenses
dimuka untuk alat tulis kantor, sekuritisasi, dan for office supplies, securitization, and loan
transaksi kredit. transaction.
19. LIABILITAS SEGERA 19. LIABILITIES DUE IMMEDIATELY
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Kewajiban kepada pihak ketiga 1.725.222 2.147.228 Third party payables
Bagi hasil yang belum dibagikan 93.666 87.581 Undistributed profit sharing
Deposito berjangka jatuh tempo 42.104 12.748 Matured time deposits
Bunga atas deposito berjangka Interest on time deposits which is
yang belum diambil nasabah 4.479 10.597 not yet collected by customers
Lainnya 21.858 17.795 Others
Total 1.887.329 2.275.949 Total
158
Page 794
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. GIRO 20. DEMAND DEPOSITS
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Pihak ketiga Third parties
Rupiah 135.959.090 104.904.970 Rupiah
Euro Eropa 38.939.461 762.102 - Europe Euro
Dolar Amerika Serikat 2.718.542 45.332 3.784.587 60.913 United States Dollar
136.766.524 104.965.883
Pihak Berelasi (Catatan 46) Related parties (Note 46)
Rupiah 21.893.820 39.603.905 Rupiah
Dolar Amerika Serikat 526.867.834 8.785.521 949.523.112 15.282.574 United States Dollar
Euro Eropa - - 3.202.415 53.666 Europe Euro
30.679.341 54.940.145
Total 167.445.865 159.906.028 Total
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024. demand
giro termasuk giro yang didasarkan pada prinsip deposits balance include deposits based on sharia
perbankan syariah adalah masing-masing sebesar banking principles amounting to Rp25,147,603 and
Rp25.147.603 dan Rp18.882.766. Rp18,882,766, respectively.
Tingkat suku bunga rata-rata untuk giro Rupiah The average annual interest rates for Rupiah
adalah sebesar 1,69% dan 1,86% masing-masing demand deposits are 1.69% and 1.86% for the year
untuk tahun yang berakhir pada tanggal 31 ended December 31, 2025 and 2024, respectively,
Desember 2025 dan 2024, dan tingkat suku bunga and for foreign currency denominated demand
rata-rata untuk giro dalam mata uang asing adalah deposits are 5.70% and 6.13% for the year ended
sebesar 5,70% dan 6,13% tahun yang berakhir pada December 31, 2025 and 2024, respectively.
tanggal 31 Desember 2025 dan 2024.
Giro simpanan dari nasabah dan wadiah dari pihak- As of December 31, 2025 and 2024, demand
pihak berelasi pada 31 Desember 2025 dan deposit and wadiah demand deposits from
2024, masing-masing sebesar Rp30.679.341 dan depositors who are related parties of the bank
Rp54.940.145 (Catatan 46). amounted to Rp30,679,341 and Rp54,940,145
(Note 46).
159
Page 795
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. GIRO (lanjutan) 20. DEMAND DEPOSITS (continued)
Giro yang digunakan sebagai jaminan atas fasilitas Demand deposits amounting to Rp911,298,
kredit yang diberikan oleh Bank pada tanggal Rp450,375 as of December 31, 2025 and
31 Desember 2025 dan 2024 masing-masing 2024, respectively, are pledged as collateral for
sebesar Rp 911.298 dan Rp450.375 (Catatan 11). loans provided by the Bank (Note 11).
Dana Syirkah Temporer - Giro Mudharabah Temporary Syirkah Funds – Current Accounts
a. Berdasarkan jenis produk a. By product
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Giro BTN Prima iB 1.796.554 941.925 Giro BTN Prima iB
Total 1.796.554 941.925 Total
b. Berdasarkan hubungan b. By relationship
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga 1.046.837 929.940 Third Parties
Pihak Berelasi (Catatan 46) 749.717 11.985 Related Party (Note 46)
Total 1.796.554 941.925 Total
Nisbah dan tingkat bagi hasil rata-rata untuk The average rate of ratio and profit sharing for
giro Mudharabah untuk tahun yang berakhir Mudharabah current accounts for the year
pada 31 Desember 2025 dan 2024 adalah ended December 31, 2025 and 31, 2024 are as
sebagai berikut: follows:
31 Desember/December 31, 2025
Tingkat
bagi hasil (%)/
Nisbah (%)/ Profit sharing
Ratio (%) rate (%)
Giro Mudharabah 10,10 : 89,90 0,82% Mudharabah current accounts
160
Page 796
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. GIRO (lanjutan) 20. DEMAND DEPOSITS (continued)
Dana Syirkah Temporer - Giro Mudharabah Temporary Syirkah Funds - Mudharabah Current
(lanjutan) Accounts (continued)
Nisbah dan tingkat bagi hasil rata-rata untuk giro The average rate of ratio and profit sharing for
Mudharabah untuk tahun yang berakhir pada 31 Mudharabah current accounts for the year ended
Desember 2025 dan 2024 adalah sebagai berikut: December 31, 2025 and 2024, are as follows:
(lanjutan) (continued)
2024
Tingkat
bagi hasil (%)/
Nisbah (%)/ Profit sharing
Ratio (%) rate (%)
Giro Mudharabah 12,70 : 87,30 1,28% Mudharabah current accounts
Pada tanggal 31 Desember 2025 dan 2024 tidak As of December 31, 2025 and 2024 there are no
terdapat giro mudharabah yang dijadikan jaminan. mudharabah demand deposits which are pledged
as collateral.
21. TABUNGAN 21. SAVINGS DEPOSITS
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah Rupiah
Tabungan Batara 34.816.588 37.410.000 Batara savings deposits
Tabungan Batara Wadiah 1.727.076 1.521.932 Batara Wadiah savings deposits
36.543.664 38.931.932
Yen Jepang Japan Yen
Tabungan Batara 793.718.736 84.531 56.622.416 5.834 Batara savings deposits
Dolar Amerika Serikat United States Dollar
Tabungan Batara 13.640.263 227.451 10.428.441 167.846 Batara savings deposits
Dolar Singapura Singapore Dollar
Tabungan Batara 5.130.214 66.513 1.626.026 19.260 Batara savings deposits
Dolar Australia Australian Dollar
Tabungan Batara 891.910 9.947 9.696.070 97.092 Batara savings deposits
Euro Eropa European Euro
Tabungan Batara 7.496 147 4.445 74 Batara savings deposits
Renminbi Renminbi
Tabungan Batara 3.629 9 19.275 43 Batara savings deposits
Pound Sterling Inggris Great Britain Pound Sterling
Tabungan Batara 3.143 71 - - Batara savings deposits
388.669 290.149
Total 36.932.333 39.222.081 Total
161
Page 797
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. TABUNGAN (lanjutan) 21. SAVINGS DEPOSITS (continued)
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, savings
2024. Saldo tabungan termasuk tabungan yang deposits balance include savings deposits based
didasarkan pada prinsip perbankan syariah on sharia banking principles amounted to
masing-masing sebesar Rp1.727.076 dan Rp1,727,076 and Rp1,521,932, respectively.
Rp1.521.932.
Tingkat suku bunga rata-rata untuk tabungan The average annual interest rates for rupiah
rupiah sebesar 1,66% dan 1,57% masing-masing savings deposits are 1.66% and 1.57%, for the year
untuk tahun yang berakhir pada tanggal ended December 31, 2025 and 2024, respectively.
31 Desember 2025 dan 2024. Tingkat suku bunga The average annual interest rates for foreign
rata-rata untuk tabungan valas sebesar 0,47% dan currencies savings deposits are 0.47% and 0.27%,
0,27%, masing-masing untuk tahun yang berakhir for the year ended December 31, 2025 and 2024,
pada tanggal 31 Desember 2025 dan 2024. respectively.
Tabungan yang digunakan sebagai jaminan atas Savings deposits amounting Rp629,017 and to
fasilitas kredit yang diberikan oleh Bank pada Rp728,630, as of December 31, 2025 and
tanggal 31 Desember 2025 dan 2024, respectively, are pledged as collateral for
2024, masing-masing sebesar Rp629.017 dan loans provided by the Bank to its customers
Rp728.630 (Catatan 11). (Note 11).
Tabungan Batara dan wadiah dari pihak-pihak As of December 31, 2025 and
berelasi pada tanggal 31 Desember 2025 dan 2024, batara and wadiah savings deposits from
2024, masing-masing sebesar Rp644.001 dan depositors who are related parties of the Bank
Rp876.405 (Catatan 46). amounted to Rp644,001 and Rp876,405,
respectively (Note 46).
Dana Syirkah Temporer - Tabungan Mudharabah Temporary Syirkah Funds - Mudharabah Savings
Deposits
a. Berdasarkan jenis produk a. By product
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tabungan BTN Prima iB 6.681.558 6.007.492 Tabungan BTN Prima iB
Tabungan BTN Haji & Umroh iB 250.468 262.500 Tabungan BTN Haji & Umroh iB
Tabungan BTN Emas iB 11.121 10.454 Tabungan BTN Emas iB
Tabungan Qurban BTN iB 8.701 7.334 Tabungan Qurban BTN iB
Total 6.951.848 6.287.780 Total
b. Berdasarkan hubungan b. By relationship
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga 5.645.501 6.161.887 Third Parties
Pihak Berelasi (Catatan 46) 1.306.347 125.893 Related Party (Note 46)
Total 6.951.848 6.287.780 Total
Tabungan Mudharabah merupakan simpanan dana Mudharabah savings deposits represent deposits
pihak lain yang mendapatkan imbalan bagi hasil dari from third parties who receive a share in the
pendapatan Bank atas penggunaan dana tersebut revenue derived by the Bank from the use of such
dengan nisbah yang ditetapkan dan disetujui funds based on a pre-determined and pre-agreed
sebelumnya. ratio.
162
Page 798
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. TABUNGAN (lanjutan) 21. SAVINGS DEPOSITS (continued)
Dana Syirkah Temporer - Tabungan Mudharabah Temporary Syirkah Funds - Mudharabah Savings
(lanjutan) Deposits (continued)
Nisbah dan tingkat bagi hasil rata-rata untuk The average rate of ratio and profit sharing for
tabungan Mudharabah untuk tahun yang berakhir Mudharabah savings deposits for the year ended
pada 31 Desember 2025 dan 2024 sebagai berikut: December 31, 2025 and 2024 are as follows:
31 Desember/December 31, 2025
Tingkat
bagi hasil (%)/
Nisbah (%)/ Profit sharing
Ratio (%) rate (%)
Tabungan BTN Prima iB 34,10 : 65,90 2,78% Tabungan BTN Prima iB
Tabungan BTN Haji & Umroh iB 2 : 98 0,16% Tabungan BTN Haji & Umroh iB
Tabungan Qurban BTN iB 15,50 : 84,50 1,26% Tabungan Qurban BTN iB
Tabungan BTN Emas iB 25 : 75 2,04% Tabungan BTN Emas iB
31 Desember/December 31, 2024
Tingkat
bagi hasil (%)/
Nisbah (%)/ Profit sharing
Ratio (%) rate (%)
Tabungan BTN Prima iB 34,10 : 65,90 2,87% Tabungan BTN Prima iB
Tabungan BTN Haji & Umroh iB 2 : 98 0,17% Tabungan BTN Haji & Umroh iB
Tabungan Qurban BTN iB 15,50 : 84,50 1,30% Tabungan Qurban BTN iB
Tabungan BTN Emas iB 25 : 75 2,10% Tabungan BTN Emas iB
22. DEPOSITO BERJANGKA 22. TIME DEPOSITS
a. Tingkat suku bunga rata-rata per tahun untuk a. Average annual interest rates for time deposits
deposito berjangka adalah sebagai berikut: are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
1 bulan 3,79% 3,58% 1 month
3 bulan 5,58% 5,50% 3 months
6 bulan 5,17% 5,57% 6 months
12 bulan 2,82% 3,28% 12 months
24 bulan 2,55% 2,83% 24 months
Mata uang asing 5,17% 2,65% Foreign currencies
b. Rincian deposito berjangka berdasarkan mata b. The details of time deposits by currency and
uang dan jangka waktu kontrak: contract period are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah Rupiah
1 bulan 54.206.302 43.540.540 1 month
3 bulan 72.502.739 66.320.320 3 months
163
Page 799
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. DEPOSITO BERJANGKA (lanjutan) 22. TIME DEPOSITS (continued)
b. Rincian deposito berjangka berdasarkan mata b. The details of time deposits by currency and
uang dan jangka waktu kontrak (lanjutan): contract period are as follows (continued):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah (lanjutan) Rupiah (continued)
6 bulan 64.100.676 33.843.069 6 months
12 bulan 2.317.067 3.585.531 12 months
24 bulan 39.867 48.252 24 months
193.166.651 147.337.712
Dolar Amerika Serikat United States Dollar
1 bulan 352.229.699 5.873.430 102.582.998 1.651.073 1 month
3 bulan 101.914.514 1.699.425 262.208.207 4.220.241 3 months
6 bulan 8.492.032 141.605 5.076.257 81.702 6 months
12 bulan 14.105.574 235.210 183.065 2.946 12 months
24 bulan 3.214 54 1.000 16 12 months
7.949.724 5.955.978
Dolar Singapura Singapore Dollar
1 bulan 95.425 1.237 123.716 1.465 1 months
3 bulan 268.050 3.475 1.173.618 13.901 3 months
4.712 15.366
Renminbi Renminbi
6 bulan - 143.036 315 6 months
Dolar Australia Australian Dollar
1 bulan 40.008 446 - 1 months
Total 201.121.533 153.309.371 Total
c. Rincian deposito berjangka berdasarkan mata c. Details of time deposits by currency and
uang dan sisa umur hingga jatuh tempo: remaining period to maturity are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Rupiah Rupiah
≤ 1 bulan 80.034.321 72.097.219 ≤ 1 month
> 1 bulan ≤ 3 bulan 77.707.721 46.512.423 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 34.082.471 25.146.713 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 1.319.215 3.481.815 > 6 months ≤ 12 months
> 12 bulan ≤ 24 bulan 22.923 99.541 > 12 months ≤ 24 months
193.166.651 147.337.711
164
Page 800
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. DEPOSITO BERJANGKA (lanjutan) 22. TIME DEPOSITS (continued)
c. Rincian deposito berjangka berdasarkan mata c. Details of time deposits by currency and
uang dan sisa umur hingga jatuh tempo remaining period to maturity are as follows
(lanjutan): (continued):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Dolar Amerika Serikat United States Dollar
≤ 1 bulan 362.035.490 6.036.942 109.390.480 1.822.992 ≤ 1 month
> 1 bulan ≤ 3 bulan 95.391.929 1.590.660 247.398.504 4.122.897 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 5.217.676 87.005 514.214 8.569 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 14.097.726 235.080 90.335 1.505 > 6 months ≤ 12 months
> 12 bulan ≤ 24 bulan 2.214 37 966 16 > 12 months ≤ 24 months
7.949.724 5.955.979
Dolar Singapura Singapore Dollar
≤ 1 bulan 95.425 1.237 113.417 1.465 ≤ 1 month
> 1 bulan ≤ 3 bulan 268.050 3.475 469.012 6.060 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan - 606.909 7.841 > 3 months ≤ 6 months
4.712 15.366
Dolar Australia Australian Dollar
≤ 1 bulan 40.008 446 - ≤ 1 month
Renminbi Renminbi
≤ 1 bulan - 134.605 315 ≤ 1 month
Total 201.121.533 153.309.371 Total
Deposito berjangka yang dijadikan jaminan atas As of December 31, 2025 and 2024, time deposits
fasilitas kredit yang diberikan oleh Bank kepada amounting to Rp709,560 and Rp906,630,
konsumennya pada tanggal 31 Desember 2025 dan respectively, are pledged as collateral for loans
2024 masing-masing sebesar Rp709.560 dan provided by the Bank to its customers (Note 11).
Rp906.630 (Catatan 11).
Deposito berjangka dari pihak-pihak berelasi pada As of December 31, 2025 and 2024, time deposits
tanggal 31 Desember 2025 dan 2024 masing-masing from depositors who are related parties
sebesar Rp61.291.573 dan Rp60.349.598 of the Bank amounted to Rp61,291,573 and
(Catatan 46). Rp60,349,598, respectively (Note 46).
165
Page 801
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. DEPOSITO BERJANGKA (lanjutan) 22. TIME DEPOSITS (continued)
Dana Syirkah Temporer - Deposito Mudharabah Temporary Syirkah Funds – Mudharabah Time
Deposits
a. Berdasarkan jangka waktu kontrak a. By contractual period
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
1 bulan 12.578.803 7.503.550 1 month
3 bulan 8.224.693 11.437.586 3 months
6 bulan 2.260.440 3.002.351 6 months
12 bulan 39.267 42.695 12 months
24 bulan 4.437 885 24 months
Total 23.107.640 21.987.067 Total
b. Berdasarkan sisa umur jatuh tempo b. By remaining period to maturity
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
< 1 bulan 18.364.886 7.503.550 < 1 month
> 1 bulan ≤ 3 bulan 3.869.780 11.437.586 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 852.135 3.002.351 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 16.615 42.695 > 6 months ≤ 12 months
> 12 bulan ≤ 24 bulan 4.224 885 > 12 months ≤ 24 months
Total 23.107.640 21.987.067 Total
c. Berdasarkan hubungan c. By relationship
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga 18.113.035 15.129.659 Third Parties
Pihak Berelasi (Catatan 46) 4.994.605 6.857.408 Related Party (Note 46)
Total 23.107.640 21.987.067 Total
Deposito mudharabah merupakan investasi pihak Mudharabah time deposits represent investment
lain yang mendapatkan imbalan bagi hasil dari from other parties who receive share in the income
pendapatan atas penggunaan dana tersebut dengan derived from the use of such funds based on a
nisbah yang ditetapkan dan disetujui sebelumnya. predetermined and pre-agreed ratio.
166
Page 802
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. DEPOSITO BERJANGKA (lanjutan) 22. TIME DEPOSITS (continued)
Dana Syirkah Temporer - Deposito Mudharabah Temporary Syirkah Funds - Mudharabah Time
(lanjutan) Deposits (continued)
Nisbah dan tingkat bagi hasil rata-rata untuk The average rate of ratio and profit sharing for
deposito mudharabah untuk tahun yang berakhir mudharabah time deposits for the year ended
pada tanggal 31 Desember 2025 dan 2024, adalah December 31, 2025 and 2024, are as follows:
sebagai berikut:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tingkat Tingkat
bagi hasil (%)/ bagi hasil (%)/
Nisbah (%)/ Profit sharing Nisbah (%)/ Profit sharing
Ratio (%) rate (%) Ratio (%) rate (%)
1 bulan 29,50 : 70,50 2,40% 29,50 : 70,50 2,48% 1 month
3 bulan 29,50 : 70,50 2,40% 29,50 : 70,50 2,48% 3 months
6 bulan 29,50 : 70,50 2,40% 29,50 : 70,50 2,48% 6 months
12 bulan 29,50 : 70,50 2,40% 29,50 : 70,50 2,48% 12 months
24 bulan 29,50 : 70,50 2,40% 29,50 : 70,50 2,48% 24 months
Pada tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024, there are no
tidak terdapat deposito mudharabah yang dijadikan mudharabah time deposits which are pledged as
jaminan. collateral.
23. SIMPANAN DARI BANK LAIN 23. DEPOSITS FROM OTHER BANKS
Tingkat suku bunga rata-rata per tahun untuk Average annual interest rates for deposits from
simpanan dari bank lain adalah sebagai berikut: other banks are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Giro 0,78% 0,95% Demand Deposit
Deposito - 5,02% Time Deposits
Inter-bank call money 4,97% 6,20% Inter-bank call money
Rincian simpanan dari bank lain berdasarkan sisa Details of deposits from other banks by remaining
umur sampai dengan saat jatuh tempo adalah period to maturity are as follows:
sebagai berikut:
31 Desember/December 31, 2025
≤ 1 bulan/ > 1 - 3 bulan/ > 3 - 6 bulan/ > 6 - 12 bulan/
month months months months Total
Rupiah Rupiah
Giro 96.481 - - - 96.481 Demand deposits
Total 96.481 - - - 96.481 Total
167
Page 803
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. SIMPANAN DARI BANK LAIN (lanjutan) 23. DEPOSITS FROM OTHER BANKS (continued)
Tingkat suku bunga rata-rata per tahun untuk Average annual interest rates for deposits from
simpanan dari bank lain adalah sebagai berikut: other banks are as follows: (continued)
(lanjutan)
31 Desember/December 31, 2024
≤ 1 bulan/ > 1 - 3 bulan/ > 3 - 6 bulan/ > 6 - 12 bulan/
month months months months Total
Rupiah Rupiah
Giro 70.035 - - - 70.035 Demand deposits
Total 70.035 - - - 70.035 Total
Simpanan dari bank lain yang termasuk pihak-pihak As of December 31, 2025 and 2024, deposits from
berelasi pada 31 Desember 2025 dan other banks which are related parties of the Bank
2024, masing-masing sebesar RpNihil. amounted to RpNil, respectively.
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, there are no
2024, tidak terdapat simpanan dari bank lain yang deposits from other banks which are pledged as
dijadikan jaminan. collateral.
Dana Syirkah Temporer - Simpanan Dari Bank Lain Temporary Syirkah Funds - Deposits From Other
Banks
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga Third Parties
Rupiah Rupiah
Tabungan Mudharabah 19.991 21.730 Mudharabah Saving deposits
Giro Mudharabah 6.145 9.214 Mudharabah Current accounts
Deposito berjangka Mudharabah 300 300 Mudharabah Time deposits
Total 26.436 31.244 Total
Simpanan bank lain berdasarkan dana syirkah Deposits from other banks based on temporary
temporer yang termasuk pihak-pihak berelasi pada syirkah funds which are related parties of the Bank
tanggal 31 Desember 2025 dan 2024 masing- as of December 31, 2025 and 2024 amounted to
masing sebesar RpNihil. RpNil, respectively.
Tabungan dan giro Mudharabah merupakan Mudharabah savings deposits and current account
simpanan dana pihak lain yang mendapatkan represent deposits from third parties who receive a
imbalan bagi hasil dari pendapatan Grup atas share in the revenue earned by the Group from the
penggunaan dana tersebut dengan nisbah yang use of such funds based on a pre-determined and
ditetapkan dan disetujui sebelumnya. pre-agreed ratio.
Deposito Mudharabah merupakan investasi pihak Mudharabah time deposits represent investment
lain yang mendapatkan imbalan bagi hasil dari from other parties who receive share in the income
pendapatan atas penggunaan dana tersebut derived from the use of such funds based on a
dengan nisbah yang ditetapkan dan disetujui predetermined and pre-agreed ratio.
sebelumnya.
168
Page 804
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. SIMPANAN DARI BANK LAIN (lanjutan) 23. DEPOSITS FROM OTHER BANKS (continued)
Dana Syirkah Temporer - Simpanan Dari Bank Lain Temporary Syirkah Funds - Deposits From Other
(lanjutan) Banks (continued)
Berdasarkan tingkat suku bunga dan bagi hasil per By annual interest rates and profit sharing:
tahun:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Giro mudharabah 0,82% 0,85% Mudharabah demand deposits
Tabungan mudharabah 2,78% 1,00% Mudharabah saving deposits
Deposito berjangka mudharabah 2,40% 2,48% MudharabahTime deposits
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, there are no
2024, tidak terdapat simpanan dari bank lain mudharabah deposits from other banks which are
mudharabah yang dijadikan jaminan. pledged as collateral.
24. EFEK-EFEK YANG DIJUAL DENGAN JANJI 24. SECURITIES SELL UNDER AGREEMENT TO
DIBELI KEMBALI REPURCHASED
Rincian efek-efek yang dijual dengan janji dibeli The details of securities sold under repurchase
Kembali adalah sebagai berikut: agreements with third parties are as follows:
31 Desember/December 31, 2025
Jenis Tanggal yang Belum
Surat Suku Nilai Pembelian Harga Pembelian Diamortisasi/ Nilai
Berharga/ Bunga/ Nominal/ Tanggal Dimulai/ Kembali/ Kembali/ Unamortized Tercatat/
Nasabah/ Type of Interest Nominal Commencement Repurchase Repurchase Interest Carrying
Customer Securities rate Amount Date Date Price Expense Value
Pihak Ketiga/Third parties
Standard Chartered INDON 2038 5,85% 340.499 30 Juli/ 30 Januari/ 350.680 1.604 349.076
July 30, 2025 January 30, 2026
Total 340.499 350.680 1.604 349.076
31 Desember/December 31, 2024
Jenis Tanggal yang Belum
Surat Suku Nilai Pembelian Harga Pembelian Diamortisasi/ Nilai
Berharga/ Bunga/ Nominal/ Tanggal Dimulai/ Kembali/ Kembali/ Unamortized Tercatat/
Nasabah/ Type of Interest Nominal Commencement Repurchase Repurchase Interest Carrying
Customer Securities rate Amount Date Date Price Expense Value
Pihak Ketiga/Third parties
Hongkong and Shanghai FR0104 6,35% 60.000 31 Desember/ 7 Januari/ 55.969 59 55.910
Banking Corporation December 31, 2024 January 7, 2025
Bank Indonesia FR0056 6,25% 1.000.000 31 Desember/ 7 Januari/ 996.394 1.037 995.358
December 31, 2024 January 7, 2025
Bank Indonesia FR0059 6,25% 1.000.000 31 Desember/ 7 Januari/ 958.719 997 957.721
December 31, 2024 January 7, 2025
National nobu Bank IDSR140525364S 6,20% 300.000 31 Desember/ 2 Januari/ 291.930 50 291.880
December 31, 2024 January 2, 2025
Bank Pembangunan IDSR300525364S 6,20% 150.000 31 Desember/ 2 Januari/ 145.540 25 145.515
Sulut Gorontalo December 31, 2024 January 2, 2025
Pihak Berelasi/Related parties
PT Bank Rakyat IDSR110625364S 6,15% 500.000 31 Desember/ 2 Januari/ 484.192 83 484.109
Indonesia December 31, 2024 January 2, 2025
PT Bank Rakyat IDSR080825364S 6,15% 500.000 31 Desember/ 2 Januari/ 479.015 82 478.933
Indonesia December 31, 2024 January 2, 2025
Total 3.510.000 3.411.759 2.333 3.409.426
169
Page 805
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. LIABILITAS AKSEPTASI 25. ACCEPTANCES PAYABLE
Rincian liabilitas akseptasi kepada nasabah adalah The details of acceptances payable from customers
sebagai berikut: are as follows:
a. Berdasarkan Jenis dan Mata Uang a. By Type and Currency
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Pihak ketiga Third Parties
Surat Kredit Berdokumen Domestic Document
Dalam Negeri (SKBDN) 168.480 251.423 Letter of Credit
Pihak berelasi (Catatan 46) Related parties (Note 46)
Surat Kredit Berdokumen Domestic Document
Dalam Negeri (SKBDN) 406.421 690.475 Letter of Credit
Total 574.901 941.898 Total
b. Berdasarkan Jangka Waktu: b. By Period
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
< 1 bulan 111.994 96.814 < 1 month
> 1 bulan - 3 bulan 67.421 724.495 > 1 month - 3 months
> 3 bulan - 1 tahun 395.486 120.589 > 3 months - 1 year
Total 574.901 941.898 Total
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED
DITERBITKAN
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Long Term Note Yang Dilakukan Tanpa Long Term Notes Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2021 Tahap I Negara 2021 Phase I
Pihak ketiga 7.557 8.214 Third parties
Long Term Note II Yang Dilakukan Tanpa Long Term Notes II Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2022 Seri A Negara 2022 Series A
Pihak ketiga 36.852 40.202 Third parties
Long Term Note II Yang Dilakukan Tanpa Long Term Notes II Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2022 Seri B Negara 2022 Series B
Pihak ketiga 61.888 67.270 Third parties
Long Term Note III Yang Dilakukan Tanpa Long Term Notes III Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2022 Tahap I Negara 2022 Phase I
Pihak ketiga 167.239 181.781 Third parties
Long Term Note III Yang Dilakukan Tanpa Long Term Notes III Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2022 Tahap II Negara 2022 Phase II
Pihak ketiga 103.567 112.773 Third parties
170
Page 806
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah (lanjutan) Rupiah (continued)
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2023 Tahap I Negara 2023 Phase I
Pihak ketiga 30.024 32.635 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2023 Tahap II Negara 2023 Phase II
Pihak ketiga 339.697 368.607 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2023 Tahap III Seri A Negara 2023 Phase III Series A
Pihak ketiga 5.409 5.826 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2023 Tahap III Seri B Negara 2023 Phase III Series B
Pihak ketiga 201.036 217.789 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2024 Tahap IV Negara 2024 Phase IV
Pihak ketiga 181.945 196.216 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2024 Tahap V Negara 2024 Phase V
Pihak ketiga 285.250 307.193 Third parties
Long Term Note IV Yang Dilakukan Tanpa Long Term Notes IV Through
Melalui Penawaran Umum Bank Tabungan Private Placement Bank Tabungan
Negara Tahun 2024 Tahap VI Negara 2024 Phase VI
Pihak ketiga 137.344 147.909 Third parties
Sukuk Mudharabah Sukuk Mudharabah
Bank Tabungan Negara Bank Tabungan Negara
Tahun 2023 Tahap I 2023 Phase I
Pihak ketiga 76.837 83.822 Third parties
Sukuk Mudharabah Sukuk Mudharabah
Bank Tabungan Negara Bank Tabungan Negara
Tahun 2023 Tahap II 2023 Phase II
Pihak ketiga 148.110 161.574 Third parties
Sukuk Mudharabah Sukuk Mudharabah
Bank Tabungan Negara Bank Tabungan Negara
Tahun 2024 Tahap III 2024 Phase III
Pihak ketiga 73.318 79.428 Third parties
171
Page 807
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah (lanjutan) Rupiah (continued)
Sukuk Mudharabah Sukuk Mudharabah
Bank Tabungan Negara Bank Tabungan Negara
Tahun 2024 Tahap IV 2024 Phase IV
Pihak ketiga 48.630 52.444 Third parties
Obligasi Berkelanjutan IV Tahap I
setelah dikurangi biaya emisi yang Continuing Bonds IV Phase I
belum diamortisasi masing-masing net of unamortized issuance cost
sebesar RpNihil dan Rp97 amounted to RpNil and Rp97
pada tanggal 31 Desember 2025 as of December 31 2025 and
dan 2024 2024, respectively
Pihak ketiga - 68.966 Third parties
Pihak berelasi (Catatan 46) - 126.937 Related parties (Note 46)
Obligasi Berkelanjutan IV Tahap II
setelah dikurangi biaya emisi yang Continuing Bonds IV Phase II
belum diamortisasi masing-masing net of unamortized issuance cost
sebesar Rp268 dan Rp633 amounted to Rp268 and Rp633
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Pihak ketiga 202.864 536.660 Third parties
Pihak berelasi (Catatan 46) 196.868 462.707 Related parties (Note 46)
Obligasi Berkelanjutan III Tahap I
setelah dikurangi biaya emisi yang Continuing Bonds III Phase I
belum diamortisasi masing-masing net of unamortized issuance cost
sebesar Rp214 dan Rp460 amounted to Rp214 and Rp460
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Pihak ketiga 198.970 208.431 Third parties
Pihak berelasi (Catatan 46) 1.186.817 1.177.109 Related parties (Note 46)
Obligasi Berkelanjutan II Tahap I
setelah dikurangi biaya emisi yang Continuing Bonds II Phase I
belum diamortisasi masing-masing net of unamortized issuance cost
sebesar RpNihil dan Rp30 amounted to RpNil and Rp30
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Pihak ketiga - 30.001 Third parties
Pihak berelasi (Catatan 46) - 770.030 Related parties (Note 46)
Obligasi Sosial Berkelanjutan I Tahap I
setelah dikurangi biaya emisi yang Social Continuing Bonds I Phase I
belum diamortisasi masing-masing net of unamortized issuance cost
sebesar Rp5.139 dan RpNihil amounted to Rp5,139 and RpNil
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Pihak ketiga 173.477 - Third parties
Pihak berelasi (Catatan 46) 121.384 - Related parties (Note 46)
Total 3.985.083 5.444.524 Total
172
Page 808
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
i. Long Term Note Yang Dilakukan Tanpa Melalui i. Long Term Notes Through Private Placement
Penawaran Umum Bank Tabungan Negara Bank Tabungan Negara 2021 Phase I
Tahun 2021 Tahap I
Bank menerbitkan Long Term Note (LTN) The Bank issued Long Term Notes (LTN) Bank
Yang Dilakukan Tanpa Melalui Penawaran Tabungan Negara Through Private Placement
Umum Bank Tabungan Negara Tahun 2021 Year 2021 Phase I with a total nominal value
Tahap I dengan jumlah nilai nominal sebesar of Rp10,186. Such LTN were issued at 100%
Rp10.186. LTN tersebut diterbitkan senilai of their nominal value with an annual fixed
100% dari nilai nominalnya dengan tingkat interest rate of 1.37%, payable every
bunga tetap tahunan sebesar 1,37% yang three months with amortized principal and will
dibayarkan tiap tiga bulanan berikut amortisasi mature on June 17, 2037. The payment agent
pokok dan akan jatuh tempo pada tanggal for LTN is PT Kustodian Sentral Efek
17 Juni 2037. PT Kustodian Sentral Efek Indonesia (KSEI). LTN were not rated.
Indonesia (KSEI) bertindak sebagai agen
pembayaran. LTN ini tidak dilakukan
pemeringkatan.
Penerimaan bersih dari penerbitan LTN tersebut The net proceeds from the issuance of the bonds
digunakan untuk penyaluran pembiayaan were used to finance Tabungan Perumahan
Tabungan Perumahan Rakyat (Tapera). Rakyat (Tapera) loans.
ii. Long Term Note II Yang Dilakukan Tanpa ii. Long Term Notes II Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2022 Series A
Negara Tahun 2022 Seri A
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2022 dengan Year 2022 with a total nominal value of
jumlah nilai nominal sebesar Rp47.740. LTN Rp47,740. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan October 12, 2036. The payment agent for LTN is
jatuh tempo pada tanggal 12 Oktober 2036. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
173
Page 809
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
iii. Long Term Note II Yang Dilakukan Tanpa iii. Long Term Notes II Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2022 Series B
Negara Tahun 2022 Seri B
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2022 dengan Year 2022 with a total nominal value of
jumlah nilai nominal sebesar Rp79.379. LTN Rp79,379. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 0.55%, payable every three months with
tahunan sebesar 0,55% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan April 12, 2037. The payment agent for LTN is
jatuh tempo pada tanggal 12 April 2037. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
iv. Long Term Note III Yang Dilakukan Tanpa iv. Long Term Notes III Through Private
Melalui Penawaran Umum Bank Tabungan Placement Bank Tabungan Negara 2022
Negara Tahun 2022 Tahap I Phase I
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2022 dengan Year 2022 with a total nominal value of
jumlah nilai nominal sebesar Rp210.866. LTN Rp210,866. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 0.55%, payable every three months with
tahunan sebesar 0,55% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan June 14, 2037. The payment agent for LTN is
jatuh tempo pada tanggal 14 Juni 2037. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
174
Page 810
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
v. Long Term Note III Yang Dilakukan Tanpa v. Long Term Notes III Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2022 Phase II
Negara Tahun 2022 Tahap II
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2022 dengan Year 2022 with a total nominal value of
jumlah nilai nominal sebesar Rp131.185. LTN Rp131,185. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 0.55%, payable every three months with
tahunan sebesar 0,55% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan March 28, 2037. The payment agent for LTN is
jatuh tempo pada tanggal 28 Maret 2037. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
vi. Long Term Note IV Yang Dilakukan Tanpa vi. Long Term Notes IV Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2023 Phase I
Negara Tahun 2023 Tahap I
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2023 dengan Year 2023 with a total nominal value of
jumlah nilai nominal sebesar Rp35.898. LTN Rp35,898. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 0.55%, payable every three months with
tahunan sebesar 0,55% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan April 28, 2037. The payment agent for LTN is
jatuh tempo pada tanggal 28 April 2037. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
175
Page 811
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
vii. Long Term Note IV Yang Dilakukan Tanpa vii. Long Term Notes IV Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2023 Phase II
Negara Tahun 2023 Tahap II
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2023 dengan Year 2023 with a total nominal value of
jumlah nilai nominal sebesar Rp404.745. LTN Rp404,745. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan September 15, 2037. The payment agent for
jatuh tempo pada tanggal 15 September 2037. LTN is PT Kustodian Sentral Efek Indonesia
PT Kustodian Sentral Efek Indonesia (KSEI) (KSEI). LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
viii. Long Term Note IV Yang Dilakukan Tanpa viii. Long Term Notes IV Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2023 Phase III
Negara Tahun 2023 Tahap III Seri A Series A
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2023 dengan Year 2023 with a total nominal value of
jumlah nilai nominal sebesar Rp6.242. LTN Rp6,242. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 0.55%, payable every three months with
tahunan sebesar 0,55% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan December 27, 2038. The payment agent for
jatuh tempo pada tanggal 27 Desember 2038. LTN is PT Kustodian Sentral Efek Indonesia
PT Kustodian Sentral Efek Indonesia (KSEI) (KSEI). LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
176
Page 812
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
ix. Long Term Note IV Yang Dilakukan Tanpa ix. Long Term Notes IV Through Private Placement
Melalui Penawaran Umum Bank Tabungan Bank Tabungan Negara 2023 Phase III Series
Negara Tahun 2023 Tahap III Seri B B
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2023 dengan Year 2023 with a total nominal value of
jumlah nilai nominal sebesar Rp234.542. LTN Rp234,542. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan December 27, 2037. The payment agent for
jatuh tempo pada tanggal 27 Desember 2037. LTN is PT Kustodian Sentral Efek Indonesia
PT Kustodian Sentral Efek Indonesia (KSEI) (KSEI). LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
x. Long Term Note IV Yang Dilakukan Tanpa x. Long Term Notes IV Through Private
Melalui Penawaran Umum Bank Tabungan Placement Bank Tabungan Negara 2024 Phase
Negara Tahun 2024 Tahap IV IV
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2024 dengan Year 2024 with a total nominal value of
jumlah nilai nominal sebesar Rp203.351. LTN Rp203,351. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan August 7, 2038. The payment agent for LTN is
jatuh tempo pada tanggal 7 Agustus 2038. PT Kustodian Sentral Efek Indonesia (KSEI).
PT Kustodian Sentral Efek Indonesia (KSEI) LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
177
Page 813
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xi. Long Term Note IV Yang Dilakukan Tanpa xi. Long Term Notes IV Through Private
Melalui Penawaran Umum Bank Tabungan Placement Bank Tabungan Negara 2024
Negara Tahun 2024 Tahap V Phase V
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2024 dengan Year 2024 with a total nominal value of
jumlah nilai nominal sebesar Rp312.678. LTN Rp312,678. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan December 27, 2038. The payment agent for
jatuh tempo pada tanggal 27 Desember 2038. LTN is PT Kustodian Sentral Efek Indonesia
PT Kustodian Sentral Efek Indonesia (KSEI) (KSEI). LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
xii. Long Term Note IV Yang Dilakukan Tanpa xii. Long Term Notes IV Through Private
Melalui Penawaran Umum Bank Tabungan Placement Bank Tabungan Negara 2024 Phase
Negara Tahun 2024 Tahap VI VI
Bank menerbitkan Long Term Note (LTN) Yang The Bank issued Long Term Notes (LTN) Bank
Dilakukan Tanpa Melalui Penawaran Umum Tabungan Negara Through Private Placement
Bank Tabungan Negara Tahun 2024 dengan Year 2024 with a total nominal value of
jumlah nilai nominal sebesar Rp147.909. LTN Rp147,909. Such LTN were issued at 100% of
tersebut diterbitkan senilai 100% dari nilai their nominal value with an annual fixed interest
nominalnya dengan tingkat bunga tetap rate of 1.37%, payable every three months with
tahunan sebesar 1,37% yang dibayarkan tiap amortized principal and will mature on
tiga bulanan berikut amortisasi pokok dan akan December 23, 2038. The payment agent for
jatuh tempo pada tanggal 23 Desember 2038. LTN is PT Kustodian Sentral Efek Indonesia
PT Kustodian Sentral Efek Indonesia (KSEI) (KSEI). LTN were not rated.
bertindak sebagai agen pembayaran. LTN ini
tidak dilakukan pemeringkatan.
Penerimaan bersih dari penerbitan LTN The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to finance Tabungan
pembiayaan Tabungan Perumahan Rakyat Perumahan Rakyat (Tapera) loans.
(Tapera).
178
Page 814
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xiii. Sukuk Mudharabah Bank Tabungan Negara xiii. Sukuk Mudharabah Bank Tabungan Negara
Tahun 2023 Tahap I 2023 Phase I
Bank menerbitkan Sukuk Mudharabah Jangka The Bank issued Long Term Sukuk
Panjang Yang Dilakukan Tanpa Melalui Mudharabah Bank Tabungan Negara Through
Penawaran Umum Bank Tabungan Negara Private Placement Year 2023 Phase I with a
Tahun 2023 tahap I dengan jumlah nilai total nominal value of Rp92,553. Such Sukuk
nominal sebesar Rp92.553. Sukuk tersebut were issued at 100% of their nominal value with
diterbitkan senilai 100% dari nilai nominalnya a profit-sharing ratio of 11.00% which is
dengan dengan nisbah bagi hasil sebesar calculated from profit sharing income with
11,00% yang dihitung dari pendapatan bagi indication of an equivalent of 0.55%, payable
hasil dengan indikasi bagi hasil sebesar every year with amortized sukuk and will mature
ekuivalen sebesar 0,55% per tahun yang on October 28, 2036. The payment agent for
dibayarkan tiap tahun berikut amortisasi dana Sukuk is PT Kustodian Sentral Efek Indonesia
sukuk dan akan jatuh tempo pada tanggal (KSEI). Sukuk were not rated.
28 Oktober 2036. PT Kustodian Sentral Efek
Indonesia (KSEI) bertindak sebagai agen
pembayaran. Sukuk ini tidak dilakukan
pemeringkatan.
Penerimaan bersih dari penerbitan Sukuk The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to Sharia finance Tabungan
pembiayaan Syariah Tabungan Perumahan Perumahan Rakyat (Sharia Tapera) loans.
Rakyat (Syariah Tapera).
xiv. Sukuk Mudharabah Bank Tabungan Negara xiv. Sukuk Mudharabah Bank Tabungan Negara
Tahun 2023 Tahap II 2023 Phase II
Bank menerbitkan Sukuk Mudharabah Jangka The Bank issued Long Term Sukuk
Panjang Yang Dilakukan Tanpa Melalui Mudharabah Bank Tabungan Negara Through
Penawaran Umum Bank Tabungan Negara Private Placement Year 2023 Phase II with a
Tahun 2023 tahap II dengan jumlah nilai total nominal value of Rp175,039. Such Sukuk
nominal sebesar Rp175.039. Sukuk tersebut were issued at 100% of their nominal value with
diterbitkan senilai 100% dari nilai nominalnya a profit-sharing ratio of 27.40% which is
dengan dengan nisbah bagi hasil sebesar calculated from profit sharing income with
27,40% yang dihitung dari pendapatan bagi indication of an equivalent of 1.37%, payable
hasil dengan indikasi bagi hasil sebesar every year with amortized sukuk and will mature
ekuivalen sebesar 1,37% yang dibayarkan tiap on December 27, 2036. The payment agent for
tahun berikut amortisasi dana sukuk dan akan Sukuk is PT Kustodian Sentral Efek Indonesia
jatuh tempo pada tanggal (KSEI). Sukuk were not rated.
27 Desember 2036. PT Kustodian Sentral Efek
Indonesia (KSEI) bertindak sebagai agen
pembayaran. Sukuk ini tidak dilakukan
pemeringkatan.
Penerimaan bersih dari penerbitan Sukuk The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to Sharia finance Tabungan
pembiayaan Syariah Tabungan Perumahan Perumahan Rakyat (Sharia Tapera) loans.
Rakyat (Syariah Tapera).
179
Page 815
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xv. Sukuk Mudharabah Bank Tabungan Negara xv. Sukuk Mudharabah Bank Tabungan Negara
Tahun 2024 Tahap III 2024 Phase III
Bank menerbitkan Sukuk Mudharabah Jangka The Bank issued Long Term Sukuk
Panjang Yang Dilakukan Tanpa Melalui Mudharabah Bank Tabungan Negara Through
Penawaran Umum Bank Tabungan Negara Private Placement Year 2024 Phase III with a
Tahun 2024 tahap III dengan jumlah nilai total nominal value of Rp80,956. Such Sukuk
nominal sebesar Rp80.956. Sukuk tersebut were issued at 100% of their nominal value with
diterbitkan senilai 100% dari nilai nominalnya a profit-sharing ratio of 27.40% which is
dengan dengan nisbah bagi hasil sebesar calculated from profit sharing income with
27,40% yang dihitung dari pendapatan bagi indication of an equivalent of 1.37%, payable
hasil dengan indikasi bagi hasil sebesar every year with amortized sukuk and will mature
ekuivalen sebesar 1,37% yang dibayarkan tiap on December 27, 2037. The payment agent for
tahun berikut amortisasi dana sukuk dan akan Sukuk is PT Kustodian Sentral Efek Indonesia
jatuh tempo pada tanggal (KSEI). Sukuk were not rated.
27 Desember 2037. PT Kustodian Sentral Efek
Indonesia (KSEI) bertindak sebagai agen
pembayaran. Sukuk ini tidak dilakukan
pemeringkatan.
Penerimaan bersih dari penerbitan Sukuk The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to Sharia finance Tabungan
pembiayaan Syariah Tabungan Perumahan Perumahan Rakyat (Sharia Tapera) loans.
Rakyat (Syariah Tapera).
xvi. Sukuk Mudharabah Bank Tabungan Negara xvi. Sukuk Mudharabah Bank Tabungan Negara
Tahun 2024 Tahap IV 2024 Phase IV
Bank menerbitkan Sukuk Mudharabah Jangka The Bank issued Long Term Sukuk
Panjang Yang Dilakukan Tanpa Melalui Mudharabah Bank Tabungan Negara Through
Penawaran Umum Bank Tabungan Negara Private Placement Year 2024 Phase III with a
Tahun 2024 tahap III dengan jumlah nilai total nominal value of Rp52,444. Such Sukuk
nominal sebesar Rp52.444. Sukuk tersebut were issued at 100% of their nominal value with
diterbitkan senilai 100% dari nilai nominalnya a profit-sharing ratio of 27.40% which is
dengan dengan nisbah bagi hasil sebesar calculated from profit sharing income with
27,40% yang dihitung dari pendapatan bagi indication of an equivalent of 1.37%, payable
hasil dengan indikasi bagi hasil sebesar every year with amortized sukuk and will mature
ekuivalen sebesar 1,37% yang dibayarkan tiap on September 23, 2038. The payment agent for
tahun berikut amortisasi dana sukuk dan akan Sukuk is PT. Kustodian Sentral Efek Indonesia
jatuh tempo pada tanggal (KSEI). Sukuk were not rated.
23 September 2038. PT. Kustodian Sentral
Efek Indonesia (KSEI) bertindak sebagai agen
pembayaran. Sukuk ini tidak dilakukan
pemeringkatan.
Penerimaan bersih dari penerbitan Sukuk The net proceeds from the issuance of the
tersebut digunakan untuk penyaluran bonds were used to Sharia finance Tabungan
pembiayaan Syariah Tabungan Perumahan Perumahan Rakyat (Sharia Tapera) loans.
Rakyat (Syariah Tapera).
180
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The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xvii.Obligasi Berkelanjutan IV Tahap II xvii. Continuing Bonds IV Phase II
Bank menerbitkan Obligasi Berkelanjutan IV The Bank issued Continuing Bonds IV Phase II
BTN Tahap II Tahun 2022 dengan jumlah nilai of 2022 with a total nominal value of
nominal sebesar Rp1.000.000 yang terdaftar di Rp1,000,000, which are registered in the
Bursa Efek Indonesia (BEI). Obligasi tersebut Indonesia Stock Exchange (IDX). Such bonds
diterbitkan senilai 100% dari nilai nominalnya were issued at 100% of their nominal value with
dengan tingkat bunga tetap tahunan sebesar an annual fixed interest rates of 5.50% and
5,50% dan 6,00% yang dibayarkan tiap tiga 6.00%, payable every three months for
bulanan masing-masing untuk Obligasi Continuing Bonds IV Phase II Series A dan
Berkelanjutan IV Tahap II Seri A dan Seri B dan Series B, respectively, and will mature on
akan jatuh tempo masing-masing pada tanggal May 24, 2025 and May 24, 2027, respectively.
24 Mei 2025 dan 24 Mei 2027. Penerbitan The issuance of Continuing Bonds IV Phase II
Obligasi Berkelanjutan IV Tahap II tahun 2022 of 2022 became effective based on Letter
tersebut telah dinyatakan efektif berdasarkan No. S-211/D.04/2020 dated August 11, 2020 of
surat Dewan Komisioner Otoritas Jasa the Board of Commisioners of the Financial
Keuangan No.S-211/D.04/2020 tanggal Services Authority.
11 Agustus 2020.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s other
hak-hak kreditur Bank lainnya baik yang ada creditors for existing or future creditor rights,
sekarang maupun dikemudian hari, kecuali except for the Bank’s creditors’ rights which are
hak-hak kreditur Bank yang dijamin secara guaranteed specifically by the Bank’s existing or
khusus dengan kekayaan Bank baik yang telah future assets. The bonds are not included in the
ada maupun yang akan ada dikemudian hari. Government’s guarantee program on the
Obligasi ini tidak termasuk dalam program obligations of commercial banks.
jaminan Pemerintah terhadap kewajiban
pembayaran bank umum.
Pada tanggal 31 Desember 2025, Obligasi As of December 31, 2025, Continuing Bonds IV
Berkelanjutan IV BTN Tahap II mendapat Phase II rated idAA+ by PT Fitch Ratings
penilaian peringkat idAA+ dari PT Fitch Ratings Indonesia.
Indonesia.
Bertindak sebagai wali amanat Obligasi The trustee for Continuing Bonds IV Phase II is
Berkelanjutan IV Tahap II adalah PT Bank Pembangunan Daerah Jawa Barat
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk.
dan Banten Tbk.
Sampai tanggal 31 Desember 2025, Obligasi Until December 31, 2025, Continuing Bonds IV
Berkelanjutan IV Tahap II Seri A telah dilunasi Phase II Series A has been fully paid by the
oleh Bank pada tanggal jatuh tempo. Bank on the maturity date.
181
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The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xviii.Obligasi Berwawasan Sosial Berkelanjutan I xviii. Sustainable Social Bonds I Phase I
Bank menerbitkan Obligasi Berwawasan Sosial The Bank issued Sustainable Social Bonds I
Berkelanjutan I BTN Tahap I Tahun 2025 Phase I with a total nominal value of
dengan jumlah nilai nominal sebesar Rp300.000, which are registered in the
Rp300.000 yang terdaftar di Bursa Efek Indonesia Stock Exchange (IDX). Such bonds
Indonesia (BEI). Obligasi tersebut diterbitkan were issued at 100% of their nominal value with
senilai 100% dari nilai nominalnya dengan an annual fixed interest rates of 5.30%, payable
tingkat bunga tetap tahunan sebesar 5,30% every three months for Continuous
dibayarkan tiap tiga bulanan Obligasi Subordinated Bonds I Phase I, respectively,
Berwawasan Sosial Berkelanjutan I Tahap I and will mature on December 12, 2028,
akan jatuh tempo pada tanggal 12 Desember respectively. The issuance of Sustainable
2028. Penerbitan Obligasi Berkelanjutan I Social Bonds I Phase I of 2025 became
Tahap I tahun 2025 tersebut telah dinyatakan effective based on Letter No. S-128/D.04/2025
efektif berdasarkan surat Dewan Komisioner dated December 4, 2025 of the Board of
Otoritas Jasa Keuangan No.S-128/D.04/2025 Commisioners of the Financial Services
tanggal 04 Desember 2025. Authority.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s
hak-hak kreditur Bank lainnya baik yang ada other creditors for existing or future creditor
sekarang maupun dikemudian hari, kecuali rights, except for the Bank’s creditors’ rights
hak-hak kreditur Bank yang dijamin secara which are guaranteed specifically by the Bank’s
khusus dengan kekayaan Bank baik yang telah existing or future assets. The bonds are not
ada maupun yang akan ada dikemudian hari. included in the Government’s guarantee
Obligasi ini tidak termasuk dalam program program on the obligations of commercial
jaminan Pemerintah terhadap kewajiban banks.
pembayaran bank umum.
Pada tanggal 8 September 2025, Obligasi As of September 8, 2025, Sustainable Social
Berkelanjutan I Tahap I mendapat penilaian Bonds I Phase I rated idAAA by
peringkat idAAA dari PT Pemeringkat Efek PT Pemeringkat Efek Indonesia.
Indonesia.
Bertindak sebagai wali amanat Obligasi The trustee for Sustainable Social Bonds I
Berwawasan Sosial Berkelanjutan I Tahap I Phase I is PT Bank Rakyat Indonesia (Persero)
adalah PT Bank Rakyat Indonesia (Persero) Tbk.
Tbk.
182
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The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xix. Obligasi Berkelanjutan IV Tahap I xix. Continuing Bonds IV Phase I
Bank menerbitkan Obligasi Berkelanjutan IV The Bank issued Continuing Bonds IV Phase I
BTN Tahap I Tahun 2020 dengan jumlah nilai of 2020 with a total nominal value of
nominal sebesar Rp1.500.000 yang terdaftar Rp1,500,000, which are registered in the
di Bursa Efek Indonesia (BEI). Obligasi Indonesia Stock Exchange (IDX). Such bonds
tersebut diterbitkan senilai 100% dari nilai were issued at 100% of their nominal value with
nominalnya dengan tingkat bunga tetap an annual fixed interest rates of 6.75%, 7.80%
tahunan sebesar 6,75%, 7,80% dan 8,40% and 8.40%, payable every three months for
yang dibayarkan tiap tiga bulanan masing- Continuing Bonds IV Phase I Series A, Series
masing untuk Obligasi Berkelanjutan IV B and Series C, respectively, and will mature
Tahap I Seri A, Seri B dan Seri C dan akan on August 29, 2021, August 19, 2023, and
jatuh tempo masing-masing pada tanggal August 19, 2025, respectively. The issuance of
29 Agustus 2021, 19 Agustus 2023, dan Continuing Bonds IV Phase I of 2020 became
19 Agustus 2025. Penerbitan Obligasi effective based on Letter No. S-211/D.04/2020
Berkelanjutan IV Tahap I tahun 2020 tersebut dated August 11, 2020 of the Board of
telah dinyatakan efektif berdasarkan surat Commisioners of the Financial Services
Dewan Komisioner Otoritas Jasa Keuangan Authority.
No.S-211/D.04/2020 tanggal 11 Agustus
2020.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s other
hak-hak kreditur Bank lainnya baik yang ada creditors for existing or future creditor rights,
sekarang maupun dikemudian hari, kecuali except for the Bank’s creditors’ rights which are
hak-hak kreditur Bank yang dijamin secara guaranteed specifically by the Bank’s existing or
khusus dengan kekayaan Bank baik yang future assets. The bonds are not included in the
telah ada maupun yang akan ada dikemudian Government’s guarantee program on the
hari. Obligasi ini tidak termasuk dalam obligations of commercial banks.
program jaminan Pemerintah terhadap
kewajiban pembayaran bank umum.
As of December 31, 2025, Continuing Bonds IV
Pada tanggal 31 Desember 2025, Obligasi Phase I rated idAA+ by PT Fitch Ratings
Berkelanjutan IV BTN Tahap I mendapat Indonesia, respectively.
penilaian peringkat idAA+ dari PT Fitch
Ratings Indonesia.
The trustee for Continuing Bonds IV Phase I is
Bertindak sebagai wali amanat Obligasi PT Bank Pembangunan Daerah Jawa Barat
Berkelanjutan IV Tahap I adalah PT Bank dan Banten Tbk.
Pembangunan Daerah Jawa Barat dan
Banten Tbk.
Sampai tanggal 31 Desember 2025, Obligasi Until December 31, 2025, Continuing Bonds IV
Berkelanjutan IV Tahap I Seri A dan B telah Phase I Series A and B has been fully paid by
dilunasi oleh Bank pada tanggal jatuh tempo. the Bank on the maturity date.
183
Page 819
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xx. Obligasi Berkelanjutan III Tahap I xx. Continuing Bonds III Phase I
Bank menerbitkan Obligasi Berkelanjutan III The Bank issued Continuing Bonds III Phase I
BTN Tahap I Tahun 2017 dengan jumlah nilai of 2017 with a total nominal value of
nominal sebesar Rp5.000.000 yang terdaftar di Rp5,000,000, which are registered in the
Bursa Efek Indonesia (BEI). Obligasi tersebut Indonesia Stock Exchange (IDX). Such bonds
diterbitkan senilai 100% dari nilai nominalnya were issued at 100% of their nominal value with
dengan tingkat bunga tetap tahunan sebesar an annual fixed interest rates of 8.30%, 8.50%,
8,30%, 8,50%, 8,70% dan 8,90% yang 8.70% and 8.90%, payable every three months
dibayarkan tiap tiga bulanan masing-masing for Continuing Bonds III Phase I Series A,
untuk Obligasi Berkelanjutan III Tahap I Seri A, Series B, Series C and Series D, respectively,
Seri B, Seri C dan Seri D dan akan jatuh tempo and will mature on July 13, 2020, July 13, 2022,
masing-masing pada tanggal 13 Juli 2020, July 13, 2024 and July 13, 2027, respectively.
13 Juli 2022, 13 Juli 2024 dan 13 Juli 2027. The issuance of Continuing Bonds III Phase I
Penerbitan Obligasi Berkelanjutan III Tahap I of 2017 became effective based on Letter
tahun 2017 tersebut telah dinyatakan efektif No. S-352/D.04/2017 dated June 22, 2017 of
berdasarkan surat Dewan Komisioner Otoritas the Board of Commisioners the Financial
Jasa Keuangan No. S-352/D.04/2017 tanggal Services Authority.
22 Juni 2017.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s other
hak-hak kreditur Bank lainnya baik yang ada creditors for existing or future creditor rights,
sekarang maupun dikemudian hari, kecuali hak- except for the Bank’s creditors’ rights which are
hak kreditur Bank yang dijamin secara khusus guaranteed specifically by the Bank’s existing or
dengan kekayaan Bank baik yang telah ada future assets. The bonds are not included in the
maupun yang akan ada dikemudian hari. Government’s guarantee program on the
Obligasi ini tidak termasuk dalam program obligations of commercial banks.
jaminan Pemerintah terhadap kewajiban
pembayaran bank umum.
Pada tanggal 31 Desember 2025, Obligasi As of December 31, 2025, Continuing Bonds III
Berkelanjutan III BTN Tahap I mendapat Phase I rated idAAA by PT Fitch Ratings
penilaian peringkat idAAA dari PT Fitch Ratings Indonesia, respectively.
Indonesia.
Bertindak sebagai wali amanat Obligasi The trustee for Continuing Bonds III Phase I is
Berkelanjutan III Tahap I adalah PT Bank PT Bank Mandiri (Persero) Tbk.
Mandiri (Persero) Tbk.
Sampai tanggal 31 Desember 2025, Obligasi Until December 31, 2025, Continuing Bonds III
Berkelanjutan III Tahap I Seri A, Seri B, dan Seri Phase I Series A and Series B, and Series C
C telah dilunasi oleh Bank pada tanggal jatuh has been fully paid by the Bank on the maturity
tempo. date.
184
Page 820
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SURAT-SURAT BERHARGA YANG 26. SECURITIES ISSUED (continued)
DITERBITKAN (lanjutan)
xxi. Obligasi Berkelanjutan II Tahap I xxi. Continuing Bonds II Phase I
Bank menerbitkan Obligasi Berkelanjutan II The Bank issued Continuing Bonds II Phase I of
Tahap I Tahun 2015 dengan jumlah nilai 2015 with a total nominal value of Rp3,000,000,
nominal sebesar Rp3.000.000 yang terdaftar which are registered in the Indonesia Stock
di Bursa Efek Indonesia (BEI). Obligasi Exchange (IDX). Such bonds were issued at
tersebut diterbitkan senilai 100% dari nilai 100% of their nominal value with an annual
nominalnya dengan tingkat bunga tetap fixed interest rates of 9.63%, 9.88%, 10.00%
tahunan sebesar 9,63%, 9,88%, 10,00% dan and 10.50%, payable every three months for
10,50% yang dibayarkan tiap tiga bulanan Continuing Bonds II Phase I Series A, Series B,
masing-masing untuk Obligasi Berkelanjutan Series C and Series D, respectively, and will
II Tahap I Seri A, Seri B, Seri C dan Seri D mature on July 8, 2018, July 8, 2020, July 8,
dan akan jatuh tempo masing-masing pada 2022 and July 8, 2025, respectively. The
tanggal 8 Juli 2018, 8 Juli 2020, 8 Juli 2022 issuance of Continuing Bonds II Phase I of 2015
dan 8 Juli 2025. Penerbitan Obligasi became effective based on Letter
Berkelanjutan II Tahap I tahun 2015 tersebut No. S-24/PB.312/2015 dated April 16, 2015 of
telah dinyatakan efektif berdasarkan surat the Board of Commisioners of the Financial
Dewan Komisioner Otoritas Jasa Keuangan Services Authority.
No. S-24/PB.312/2015 tanggal 16 April 2015.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s
hak-hak kreditur Bank lainnya baik yang ada other creditors for existing or future creditor
sekarang maupun dikemudian hari, kecuali rights, except for the Bank’s creditors’ rights
hak-hak kreditur Bank yang dijamin secara which are guaranteed specifically by the Bank’s
khusus dengan kekayaan Bank baik yang existing or future assets. The bonds are not
telah ada maupun yang akan ada dikemudian included in the Government’s guarantee
hari. Obligasi ini tidak termasuk dalam program on the obligations of commercial
program jaminan Pemerintah terhadap banks.
kewajiban pembayaran bank umum.
Pada tanggal 31 Desember 2025 Obligasi As of December 31, 2025, Continuing Bonds II
Berkelanjutan II Tahap I mendapat penilaian Phase I were rated idAA+ by PT Fitch Ratings
peringkat idAA+ dari PT Fitch Ratings Indonesia, respectively.
Indonesia.
Bertindak sebagai wali amanat Obligasi The trustee for Continuing Bonds II Phase I is
Berkelanjutan II Tahap I adalah PT Bank Mega Tbk.
PT Bank Mega Tbk.
Sampai tanggal 31 Desember 2025, Obligasi Until December 31, 2025, Continuing Bonds II
Berkelanjutan II Tahap I Seri A, Seri B, Seri Phase I Series A, Series B, Series C, and Series
C, dan Seri D telah dilunasi oleh Bank pada D has been fully paid by the Bank on the
tanggal jatuh tempo. maturity date.
185
Page 821
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA 27. FUND BORROWINGS
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pihak Ketiga Third Parties
Rupiah Rupiah
PT Bank Central Asia Tbk 8.500.000 7.419.753 PT Bank Central Asia Tbk
PT Bank Danamon Indonesia Tbk 1.000.000 1.999.951 PT Bank Danamon Indonesia Tbk
9.500.000 9.419.704
Mata Uang Asing Foreign Currency
Japan International Japan International
Cooperation Agency 740.697 713.155 Cooperation Agency
10.240.697 10.132.859
Pihak Berelasi (Catatan 46) Related Parties (Note 46)
Rupiah Rupiah
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) 27.751.154 23.352.225 (Persero)
27.751.154 23.352.225
Total 37.991.851 33.485.084 Total
a. Pinjaman dari PT Bank Central Asia Tbk a. Loan from PT Bank Central Asia Tbk
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari PT Bank Central Asia Tbk from PT Bank Central Asia Tbk which is
ditujukan untuk pembiayaan Kredit Pemilikan intended to Finance Housing Loans (KPR) of
Rumah (KPR) kepada debitur Bank. the Bank’s debtors.
Bank memperoleh pinjaman dari The Bank obtained loan from PT Bank
PT Bank Central Asia Tbk berdasarkan Central Asia Tbk based on loan agreement
Perjanjian Kredit No. 48 tanggal 29 Desember No. 48 dated December 29, 2025 consist of
2025 yang terdiri dari:
Term Loan sebesar Rp1,5 triliun (angka The Term Loan amounting Rp1.5 trillion
penuh) yang memiliki bunga tetap sebesar (full amount) with fixed interest rate 5.30%
5,30% dengan jangka waktu selama with 10 months period which will mature on
10 bulan yang akan jatuh tempo pada October 29, 2026.
29 Oktober 2026.
Bank juga memperoleh pinjaman dari The Bank obtained loan from PT Bank Central
PT Bank Central Asia Tbk berdasarkan Asia Tbk based on loan agreement No. 16
Perjanjian Kredit No. 16 tanggal 19 Desember dated December 19, 2024 consist of:
2024 yang terdiri dari:
Term Loan sebesar Rp3 triliun (angka The Term Loan amounting Rp3 trillion
penuh) yang memiliki bunga tetap sebesar (full amount) with fixed interest rate
7,00% dengan jangka waktu selama 7.00% with 9 months period which will
9 bulan yang akan jatuh tempo pada mature on September 20, 2025.
20 September 2025.
186
Page 822
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
a. Pinjaman dari PT Bank Central Asia Tbk a. Loan from PT Bank Central Asia Tbk (continued)
(lanjutan)
Bank telah melakukan perpanjangan atas The Bank has extended the loan upon its
pinjaman tersebut saat jatuh tempo pada maturity on September 20, 2025, in the amount
tanggal 20 September 2025 sebesar of Rp3 trillion (full amount) with a fixed interest
Rp3 Triliun (angka penuh) dengan bunga tetap rate of 5.70%, and a new maturity date of
sebesar 5,70% dan jatuh tempo pada tanggal September 20, 2026.
20 September 2026.
Sebelumnya, Bank juga memiliki perjanjian Previously, Bank also has loan agreement with
pinjaman dengan PT Bank Central Asia Tbk PT Bank Central Asia Tbk that has been
yang telah mengalami beberapa kali amended several times. The last amendment
perubahan. Perubahan terakhir was documented under the loan agreement
didokumentasikan dalam Perjanjian Kredit No. 417 dated December 3, 2024 consist of:
No. 417 tanggal 3 Desember 2024 yang terdiri
dari:
Perpanjangan jangka waktu Term Loan V The Term Loan V the loan were extended
selama 12 bulan sebesar Rp4 triliun (angka for 12 months amounting Rp4 trillion
penuh) yang memiliki bunga tetap sebesar (full amount) with fixed interest rate 6.75%
6,75% yang akan jatuh tempo pada tanggal and will mature on December 6, 2025.
6 Desember 2025.
Bank telah melakukan perpanjangan atas The Bank has extended the loan upon its
pinjaman tersebut saat jatuh tempo pada maturity on December 6, 2025, in the amount of
tanggal 6 Desember 2025 sebesar Rp4 Triliun Rp4 trillion (full amount) with a fixed interest rate
(angka penuh) dengan bunga tetap sebesar of 5.25% and a new maturity date of
5,25% dan jatuh tempo pada tanggal September 6, 2026.
6 September 2026.
Bank memperoleh pinjaman dari PT Bank The Bank obtained loan from with PT Bank
Central Asia Tbk berdasarkan Perjanjian Central Asia Tbk based on loan agreement
Kredit No. 11 tanggal 6 Desember 2023 yang No. 11 dated December 6, 2023 consist of:
terdiri dari:
Mengubah penyebutan “Fasilitas Term Amended “Term Loan Facility V” to “Term
Loan V” menjadi “Fasilitas Term Loan” Loan Facility”
Term Loan II dan III yang dilakukan The Term Loan II and III the loan were
perpanjangan selama 36 bulan atas extended for 36 months, for each Rp1 trillion
pinjaman tersebut sebesar masing-masing (full amount) with fixed interest rate are
Rp1 triliun (angka penuh) yang memiliki 5.50% per annum and will mature on
bunga tetap sebesar masing-masing 5.50% June 21, 2024 and June 14, 2024.
dan akan jatuh tempo masing-masing pada respectively.
tanggal 21 Juni 2024 dan 14 Juni 2024.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at
pinjaman tersebut saat jatuh tempo pada maturity date on June 21, 2024 and
tanggal 21 Juni 2024 dan 14 Juni 2024 June 14, 2024 for each amounting to Rp1
masing - masing sebesar Rp1 triliun (angka trillion (full amount).
penuh).
187
Page 823
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
a. Pinjaman dari PT Bank Central Asia Tbk a. Loan from PT Bank Central Asia Tbk (continued)
(lanjutan)
Term Loan IV sebesar Rp2 triliun (angka The Term Loan IV amounting Rp2 trillion
penuh) yang memiliki bunga tetap sebesar (full amount) with fixed interest rate 5.50%
5,50% dengan jangka waktu selama with 36 months period which will mature
36 bulan yang akan jatuh tempo masing- amounting Rp1 trillion (full amount) on April
masing sebesar Rp1 triliun (angka penuh) 25, 2024 and amounting Rp1 trillion (full
pada 25 April 2024 dan sebesar Rp1 triliun amount) on May 8, 2024, respectively.
(angka penuh) pada 8 Mei 2024.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at
pinjaman tersebut saat jatuh tempo pada maturity date on April 25, 2024 and May 8,
tanggal 25 April dan 8 Mei 2024 masing- 2024 for each amounting to Rp1 trillion (full
masing sebesar Rp1 triliun (angka penuh). amount).
Term Loan V sebesar Rp4 triliun (angka The Term Loan V amounting Rp4 trillion (full
penuh) yang memiliki bunga tetap sebesar amount) with fixed interest rate 6.75% with
6,75% dengan jangka waktu selama 12 months period which will mature on
12 bulan dan akan jatuh tempo pada December 6, 2024.
6 Desember 2024.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at maturity date
pinjaman tersebut saat jatuh tempo pada on December 6 amounting Rp4 trillion (full
tanggal 6 Desember 2024 sebesar Rp4 triliun. amount).
Term Loan V sebesar Rp4 triliun (angka The Term Loan V amounting Rp4 trillion (full
penuh) yang memiliki bunga tetap sebesar amount) with fixed interest rate 6.75% with
6,75% dengan jangka waktu selama 12 months period which will mature on
12 bulan dan akan jatuh tempo pada December 6, 2024.
6 Desember 2024.
Pada tanggal 18 Mei 2022, Bank mendapatkan On May 18, 2022, the Bank received loan from
pinjaman dari PT Bank Central Asia Tbk PT Bank Central Asia Tbk with plafond amounting
Jakarta sebesar Rp420 miliar (angka penuh) to Rp420 billion (full amount) with fixed interest
yang memiliki bunga tetap sebesar 5,23% dan rate of 5.23% and will mature on May 18, 2025.
jatuh tempo pada 18 Mei 2025.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at maturity
pinjaman tersebut saat jatuh tempo pada date on May 18, 2025 amounting Rp420 billion
tanggal 18 Mei 2025 sebesar Rp420 miliar. (full amount).
188
Page 824
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
a. Pinjaman dari PT Bank Central Asia Tbk a. Loan from PT Bank Central Asia Tbk (continued)
(lanjutan)
Persyaratan-persyaratan penting dalam The significant requirements in the Bank’s loan
perjanjian pinjaman Bank antara lain: agreement include the following:
Rasio Non Performing Loan (NPL) Bruto Gross Non Performing Loan (NPL) ratio
tidak melebihi 6% shall not exceed 6%
Menjaga Rasio Non Performing Loan (NPL) Maintain Net Non Performing Loan (NPL)
Neto sesuai dengan ketentuan yang ratio to comply in accordance with
berlaku regulations
Capital Adequacy Ratio (CAR) minimal Capital Adequacy Ratio (CAR) is minimum
12% at least 12%
Laba bersih tahun berjalan dengan angka Net income for the current year with
positif positive numbers
Nilai Liquidity Coverage Ratio minimal Liquidity Coverage Ratio minimum 100%
sebesar 100%
Rasio cakupan Non Performing Loan (NPL) Non Performing Loan (NPL) coverage
tidak kurang dari 100% minimum 100%
Rasio eksposur kredit tidak melebihi 40% Open credit exposure ratio shall not
exceed than 40%
Bank tanpa persetujuan tertulis dari BCA Without the prior written consent from
tidak diperkenankan untuk: BCA, Bank shall not:
a. Melakukan peleburan, a. Undertake any merger, consolidation,
penggabungan, pengambilalihan, acquisition, or liquidation;
atau pembubaran;
b. Mengubah status kelembagaan; b. Change its institutional or legal status;
c. Mengubah susunan pemegang c. Alter its shareholding structure in a
saham yang mengakibatkan porsi manner that would result in the
kepemilikan saham Pemerintah ownership of the Government of the
Republik Indonesia pada Bank Republic of Indonesia in the Bank
menjadi kurang dari 51% dari seluruh falling below 51% of the total issued
saham yang dikeluarkan dan memiliki shares with voting rights.
hak suara.
Bank mengungkapkan kepatuhan dalam The Bank discloses its compliance in fulfilling
memenuhi persyaratan dan kondisi utang, the terms and conditions of debt, including the
termasuk kewajiban pembayaran bunga dan obligation to pay interest and principal on time,
pokok secara tepat waktu, pemenuhan rasio fulfilling the required financial ratios and
Keuangan yang disyaratkan serta kepatuhan complying with the terms and restrictions
terhadap syarat dan pembatasan (covenants) (covenants) in the agreement, as a form of
dalam perjanjian, sebagai bentuk transparansi transparency to creditors.
kepada kreditur.
189
Page 825
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
b. Pinjaman dari Citibank N.A.. Jakarta b. Loan from Citibank N.A.. Jakarta
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari Citibank N.A., Jakarta ditujukan from Citibank N.A., Jakarta which is intended to
untuk mendukung Bank dalam menyalurkan support Banks in the context of selling housing
kredit pemilikan rumah di Indonesia. loans in Indonesia.
Pada tanggal 18 Mei 2022, Bank mendapatkan On May 18, 2022, the Bank received
pinjaman sindikasi sebesar Rp140 miliar (angka syndicated loan with plafond amounting to
penuh) yang memiliki bunga tetap sebesar Rp140 billion (full amount) with fixed interest
4,70% dan jatuh tempo pada rate of 4.70% and will mature on May 18, 2024,
18 Mei 2024. respectively.
Persyaratan-persyaratan penting dalam The significant requirements in the Bank’s loan
perjanjian pinjaman Bank antara lain: agreement include the following:
Rasio Non Performing Loan (NPL) Bruto Gross Non Performing Loan (NPL) ratio
tidak melebihi 6% shall not exceed 6%
Menjaga Rasio Non Performing Loan (NPL) Maintain Net Non Performing Loan (NPL)
Neto sesuai dengan ketentuan yang berlaku ratio to comply in accordance with
regulations
Capital Adequacy Ratio (CAR) minimal 12% Capital Adequacy Ratio (CAR) is
minimum at least 12%
Laba bersih tahun berjalan dengan angka Net income for the current year with
positif positive numbers
Nilai Liquidity Coverage Ratio minimal Liquidity Coverage Ratio minimum 100%
sebesar 100%
Rasio cakupan Non Performing Loan (NPL) Non Performing Loan (NPL) coverage
tidak kurang dari 100% minimum 100%
Rasio eksposur kredit tidak melebihi 40% Open credit exposure ratio shall not
exceed than 40%
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at maturity
pinjaman tersebut saat jatuh tempo pada 18 date on May 18, 2024 amounting to Rp140
Mei 2024 masing-masing sebesar Rp140 miliar billion (full amount).
(angka penuh).
Bank mengungkapkan kepatuhan dalam The Bank discloses its compliance in fulfilling
memenuhi persyaratan dan kondisi utang, the terms and conditions of debt, including the
termasuk kewajiban pembayaran bunga dan obligation to pay interest and principal on time,
pokok secara tepat waktu, pemenuhan rasio fulfilling the required financial ratios and
Keuangan yang disyaratkan serta kepatuhan complying with the terms and restrictions
terhadap syarat dan pembatasan (covenants) (covenants) in the agreement, as a form of
dalam perjanjian, sebagai bentuk transparansi transparency to creditors.
kepada kreditur.
190
Page 826
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
c. Pinjaman dari Japan International Cooperation c. Loan from Japan International Cooperation
Agency Agency (continued)
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari Japan International Cooperation from Japan International Cooperation Agency
Agency ditujukan untuk mendukung penyaluran which is intended to support distributing
kredit kepemilikan rumah untuk masyarakat housing loans for low and middle income
berpenghasilan rendah dan menengah di communities in Indonesia.
Indonesia.
Pada tanggal 18 Mei 2022, Bank mendapatkan On May 18, 2022, the Bank received loan with
pinjaman dengan plafon sebesar JPY 7 miliar plafond amounting to JPY 7 billion (full amount)
(angka penuh) atau ekuivalen Rp765.590 or the equivalent to Rp765,590 with fixed
dengan bunga tetap sebesar 0,90% dan jatuh interest rate of 0.90% and will mature on May
tempo pada tanggal 10 Mei 2027. 10, 2027, respectively.
Persyaratan-persyaratan penting dalam The significant requirements in the Bank’s loan
perjanjian pinjaman Bank antara lain: agreement include the following:
Rasio Non Performing Loan (NPL) Gross Non Performing Loan (NPL)
Bruto tidak melebihi 6% ratio shall not exceed 6%
Capital Adequacy Ratio (CAR) Capital Adequacy Ratio (CAR) is
minimal 12% minimum at least 12%
Laba bersih tahun berjalan dengan Net income for the current year with
angka positif positive numbers
Nilai Liquidity Coverage Ratio minimal Liquidity Coverage Ratio minimum
sebesar 100% 100%
Rasio cakupan Non Performing Loan Non Performing Loan (NPL) coverage
(NPL) tidak kurang dari 100% minimum 100%
Rasio eksposur kredit tidak melebihi Open credit exposure ratio shall not
46% exceed than 46%
Rasio Eksposur Kredit Terbuka (OCER) per As of 31 December 2025, the Open Credit
31 Desember 2025 melebihi batas maksimal Exposure Ratio (OCER) exceeded the
46% sebagaimana dipersyaratkan dalam maximum threshold of 46% as stated under the
perjanjian dengan Japan International loan agreement with the Japan International
Cooperation Agency (JICA). Bank telah Cooperation Agency (JICA). Bank has
menyampaikan permohonan waiver terhadap submitted a waiver request in respect of the
Rasio Eksposur Kredit Terbuka (OCER) OCER covenant through the letter
tersebut melalui surat No.2285/DIR/FICD/XII/2025 and such request
No.2285/DIR/FICD/XII/2025 dan saat ini dalam is currently under review by JICA.
proses persetujuan JICA.
Namun meskipun secara historikal Rasio While the Open Credit Exposure Ratio (OCER)
Eksposur Kredit Terbuka (OCER) melebihi has historically exceeded the maximum
batas maksimum 46%, JICA selaku kreditur treshold, as of the date of financial statements,
tidak memberikan teguran atau perintah Bank has not received any formal notice of
pelunasan dari JICA sebagai akibat dari Rasio default or instruction for immediate repayment
Eksposur Kredit Terbuka (OCER) yang from JICA as a result of exceeding the limit.
melebihi batas yang dipersyaratkan.
191
Page 827
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
d. Pinjaman dari PT Bank Danamon Indonesia d. Loan from PT Bank Danamon Indonesia Tbk
Tbk
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari PT Bank Danamon Indonesia from PT Bank Danamon Indonesia Tbk which is
Tbk ditujukan untuk mendukung intended to support the business and
pengembangan bisnis dan operasional Bank. operational development of the Bank.
Perjanjian pinjaman dengan PT Bank Danamon The loan agreement with PT Bank Danamon
Indonesia Tbk telah diamandemen beberapa Indonesia Tbk has been amended several
kali. Berdasarkan amandemen terakhir, times. The last amendment was documented
didokumentasikan pada perjanjian under the loan agreement
No. 108/PP/EB/0121 tanggal 17 Februari 2021, No. 108/PP/EB/0121 dated February 17, 2021,
Bank mendapatkan pinjaman bilateral dengan the Bank received a loan with plafond
plafon sebesar masing-masing Rp500 miliar amounting for each Rp500 billion (full amount),
(angka penuh), Rp500 miliar (angka penuh) Rp500 billion (full amount) and Rp1,000 billion
dan Rp1.000 miliar (angka penuh) dengan (full amount) with fixed interest rate for each
bunga tetap sebesar masing-masing 5,75% 5.75% and will mature on August 22, 2023,
dan jatuh tempo masing-masing pada tanggal September 25, 2023 and December 24, 2023,
22 Agustus 2023, 25 September 2023 dan 24 respectively.
Desember 2023.
Persyaratan-persyaratan penting dalam The significant requirements in the Bank’s loan
perjanjian pinjaman Bank antara lain: agreement include the following:
Mempertahankan minimum Capital Capital Adequacy Ratio (CAR) minimum is
Adequacy Ratio CAR sesuai dengan in accordance with the provisions of the
ketentuan regulator yang berlaku applicable regulator under
Rasio Non-Performing Loan (NPL) sesuai Non-Performing Loan (NPL) ratio in
dengan ketentuan regulator yang berlaku accordance with the provisions of the
applicable regulator.
Nilai Liquidity Coverage Ratio sesuai Liquidity Coverage Ratio minimum is in
dengan ketentuan regulator yang berlaku accordance with the provisions of the
applicable regulator
Bank telah melakukan pelunasan atas pinjaman The Bank has fully repaid the loan at maturity
tersebut saat jatuh tempo pada tanggal date on August 22, 2023 and September 25,
22 Agustus 2023 dan 25 September 2023 2023 with each amounting to Rp500 million (full
masing-masing sebesar Rp500 miliar (angka amount).
penuh).
Berdasarkan Perjanjian Kredit Based on loan agreement No. 331PP/EB/1023
No. 331/PP/EB/1023 tanggal 6 Oktober 2023, dated October 6, 2023, the Bank get involve
Bank mendapatkan perpanjangan jangka waktu extending the payment arrangements and get
fasilitas kredit serta mendapatkan tambahan an additional credit facility with plafond
fasilitas pinjaman baru sebesar masing-masing amounting for each Rp1 trillion with fixed interest
Rp1 triliun dengan bunga tetap sebesar 6,85% rate of 6.85% and mature for each October 27,
dan jatuh tempo masing-masing pada tanggal 2024 and June 24, 2024. The maximum plafond
27 Oktober 2024 dan 24 Juni 2024. Plafon under the loan agreement is Rp2 trillion.
maksimal yang diberikan berdasarkan
perjanjian kredit tersebut adalah Rp2 triliun.
192
Page 828
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
d. Pinjaman dari PT Bank Danamon Indonesia d. Loan from PT Bank Danamon Indonesia Tbk
Tbk (lanjutan) (continued)
Bank telah melakukan pelunasan atas pinjaman The Bank has fully prepaid the loan at maturity
tersebut yang jatuh tempo pada tanggal date on June 24, 2024 with amounting to Rp1
24 Juni 2024 sebesar Rp1 triliun (angka penuh) trillion (full amount). Furthermore, the loan will
sedangkan pinjaman yang jatuh tempo pada mature on October 27, 2024, has been extended
tanggal 27 Oktober 2024 telah diperpanjang to mature on April 27, 2025. On November 28,
sampai dengan 27 April 2025. Pada tanggal 28 2024, the Bank availed itself of a loan facility
November 2024, Bank kembali melakukan amounting to Rp1 trillion (full amount) will
penarikan fasilitas pinjaman sebesar Rp1 triliun mature on May 28, 2025. The loan that matured
(angka penuh) yang jatuh tempo pada tanggal on April 27, 2025, has been extended to mature
28 Mei 2025. Pinjaman yang jatuh tempo pada on October 27, 2025 and the loan that matured
tanggal 27 April 2025, telah diperpanjang on May 28, 2025, has been extended to mature
sampai dengan 27 Oktober 2025 dan pinjaman on November 28, 2025.
yang jatuh tempo pada tanggal 28 Mei 2025
telah diperpanjang sampai dengan 28
November 2025.
Bank telah melakukan pelunasan atas pinjaman The Bank has fully repaid the loan at maturity
yang jatuh tempo pada tanggal 28 Mei 2025 date on May 28, 2025 amounting to Rp1 trillion
sebesar Rp1 triliun (angka penuh) sedangkan (full amount), while the loan that matured on
pinjaman yang jatuh tempo sebesar Rp1 triliun November 28, 2025, amounting to Rp1 trillion
(angka penuh) pada 28 November 2025 telah (full amount) has been extended to mature on
diperpanjang sampai dengan 28 Februari 2026. February 28, 2026.
Bank mengungkapkan kepatuhan dalam The Bank discloses its compliance in fulfilling
memenuhi persyaratan dan kondisi utang, the terms and conditions of debt, including the
termasuk kewajiban pembayaran bunga dan obligation to pay interest and principal on time,
pokok secara tepat waktu, pemenuhan rasio fulfilling the required financial ratios and
Keuangan yang disyaratkan serta kepatuhan complying with the terms and restrictions
terhadap syarat dan pembatasan (covenants) (covenants) in the agreement, as a form of
dalam perjanjian, sebagai bentuk transparansi transparency to creditors.
kepada kreditur.
193
Page 829
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (Persero) (SMF)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: SMF as follow:
Pinjaman SMF Tahap 4 Tahun 2019 SMF Loan Phase 4 Year 2019
Berdasarkan perjanjian Based on loan agreement
No. 092/PP/SMF-BTN/VII/2019 tanggal No. 092/PP/SMF-BTN/VII/2019 dated
9 Juli 2019, Bank mendapatkan pinjaman July 9, 2019, the Bank received a loan with
dengan plafond sebesar Rp2.095 miliar plafond amounting to Rp2,095 billion (full
(angka penuh) yang terdiri atas sebesar amount) with details of amounting to
Rp640 miliar (angka penuh) dengan Rp640 billion (full amount) with interest
bunga tetap 8,87% yang akan jatuh tempo rate of 8.87% and will mature on July 9,
pada tanggal 9 Juli 2022 dan sebesar 2022, and amounting to Rp1,455 billion
Rp1.455 miliar (angka penuh) dengan (full amount) with interest rate of 9.09%
bunga tetap 9,09% yang akan jatuh tempo and will mature on July 9, 2024.
pada tanggal 9 Juli 2024.
Bank telah melakukan pelunasan atas The Bank has fully paid the loan at
pinjaman tersebut saat jatuh tempo pada maturity date on July 9, 2022 and
tanggal 9 Juli 2022 dan 9 Juli 2024 July 9, 2024 amounting to Rp640 billion
sebesar Rp640 miliar (angka penuh) dan (full amount) and Rp1,455 billion (full
Rp1.455 miliar (angka penuh). amount).
Pinjaman SMF FLPP 2025 SMF Loan FLPP 2025
Berdasarkan perjanjian Based on loan agreement
No. 066/FLPP/SMF/PP/SMF-BTN/III/2025 No. 066/FLPP/SMF/PP/SMF-BTN/III/2025
tanggal 13 Maret 2025, Bank dated March 13, 2025, the Bank received
mendapatkan pinjaman dalam rangka a loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2025. Saldo pada December 31, 2025. The outstanding
tanggal 31 Desember 2025 adalah balance as of December 31, 2025 is
sebesar Rp5.216.927 dengan suku bunga amounting to Rp5,216,927 and with the
paling rendah sebesar 4,45% dengan lowest interest rate of 4.45% for a
jangka waktu paling lama 20 (dua puluh) maximum period of 20 (twenty) years.
tahun. Pengembalian dana pinjaman Loan repayments (principal and interest
(angsuran pokok dan bunga) kepada SMF installments) to SMF is no later than the
dilaksanakan paling lambat tanggal 10 10th of each month, if the due date of
setiap bulannya, apabila tanggal jatuh principal and interest payments falls on a
tempo pembayaran pokok dan bunga national holiday, the payment is made on
jatuh pada hari libur nasional, maka the working day after the payment due
pembayaran dilakukan pada hari kerja date.
sesudah tanggal jatuh tempo
pembayaran.
194
Page 830
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: (lanjutan) SMF as follow: (continued)
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah FLPP
FLPP 2025 2025
Berdasarkan perjanjian No.068/FLPP/SMF Based on loan agreement
BTN.SySMFBTNSy/III/2025 tanggal 13 No.068/FLPP/SMF-BTN.Sy/III/2025 dated
Maret 2025, Bank mendapatkan pinjaman March 13, 2025, the Bank received a loan
dalam rangka penyaluran kredit pemilikan which is intended for distributing housing
rumah sejahtera untuk masyarakat loans for low-income communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2025. Saldo pada December 31, 2025. The outstanding
tanggal 31 Desember 2025 adalah sebesar balance as of December 31, 2025 is
Rp2.324.669 dengan nisbah bagi hasil amounting to Rp2,324,669 with a profit
sebesar 22,25% yang dihitung dari sharing ratio of 22.25%, which is
pendapatan bagi hasil yang ditawarkan calculated from profit sharing income
atas fasilitas pembiayaan yang ditarik offered for financing facilities drawn during
selama availability period atau dengan availability period or an equivalent of
ekuivalen sebesar setara dengan 4,45% 4.45% per annum for a maximum period
per dengan jangka waktu paling lama 20 of 20 (twenty) years. Loan repayments
(dua puluh) tahun. Pengembalian dana (principal and interest instalments) to SMF
pinjaman (angsuran pokok dan bunga) are held no later than the 10th of each
kepada SMF dilaksanakan paling lambat month, if the due date of principal and
tanggal 10 setiap bulannya, apabila interest payments falls on a national
tanggal jatuh tempo pembayaran pokok holiday, the payment is made on the
dan bunga jatuh pada hari libur nasional, working day after the payment due date.
maka pembayaran dilakukan pada hari
kerja sesudah tanggal jatuh tempo
pembayaran.
195
Page 831
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: (lanjutan) SMF as follow: (continued)
Pinjaman SMF FLPP 2024 Pinjaman SMF FLPP Year 2024
Berdasarkan perjanjian Based on loan agreement
No. 036/FLPP/SMF/PP/SMF-BTN/II/2024 No. 036/FLPP/SMF/PP/SMF-BTN/II/2024
tanggal 20 Februari 2024, Bank dated February 20, 2024, the Bank
mendapatkan pinjaman dalam rangka received a loan which is intended for
penyaluran kredit pemilikan rumah distributing housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2024. Saldo pada December 31, 2024. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp2.975.912 dan 2024, is amounting to
Rp3.110.879 dengan suku bunga paling 2,975,912 and Rp3,110,879 with the
rendah sebesar 4.45% dengan jangka lowest interest rate of 4.45% for a
waktu paling lama 20 (dua puluh) tahun. maximum period of 20 (twenty) years.
Pengembalian dana pinjaman (angsuran Loan repayments (principal and interest
pokok dan bunga) kepada SMF installments) to SMF is no later than the
dilaksanakan paling lambat tanggal 10 10th of each month, if the due date of
setiap bulannya, apabila tanggal jatuh principal and interest payments falls on a
tempo pembayaran pokok dan bunga national holiday, the payment is made on
jatuh pada hari libur nasional, maka the working day after the payment due
pembayaran dilakukan pada hari kerja date.
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2024 FLPP 2024
Berdasarkan perjanjian Based on loan agreement
No. 038/FLPP/ PP/SMF-BTNS/II/2024 No. 038/FLPP/ PP/SMF-BTNS/II/2024
dan No. 05/ PKS/DIR/2024 tanggal and No. 05/ PKS/DIR/2024 dated January
20 Januari 2024. Bank mendapatkan 20. 2024. the Bank received a loan which
pinjaman dalam rangka penyaluran kredit is intended for distributing housing loans
pemilikan rumah sejahtera untuk for low-income communities.
masyarakat berpenghasilan rendah.
196
Page 832
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: (lanjutan) SMF as follow: (continued)
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2024 (lanjutan) FLPP 2024 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2025. Saldo pada December 31, 2025. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp1.101.150 dan 2024, is amounting to Rp1,101,150 and
Rp1.151.705 dengan nisbah bagi hasil Rp1,151,705 with a profit sharing ratio of
sebesar 22,25% yang dihitung dari 22.25%, which is calculated from profit
pendapatan bagi hasil yang ditawarkan sharing income offered for financing
atas fasilitas pembiayaan yang ditarik facilities drawn during availability period or
selama availability period atau dengan an equivalent of 4.45% per annum for a
ekuivalen sebesar setara dengan 4,45% maximum period of 20 (twenty) years. Loan
per dengan jangka waktu paling lama 20 repayments (principal and interest
(dua puluh) tahun. Pengembalian dana instalments) to SMF are held no later than
pinjaman (angsuran pokok dan bunga) the 10th of each month. if the due date of
kepada SMF dilaksanakan paling lambat principal and interest payments falls on a
tanggal 10 setiap bulannya. apabila national holiday. the payment is made on
tanggal jatuh tempo pembayaran pokok the working day after the payment due
dan bunga jatuh pada hari libur nasional. date.
maka pembayaran dilakukan pada hari
kerja sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF FLPP 2023 SMF FLPP Year 2023
Berdasarkan perjanjian Based on loan agreement
No. 003/FLPP/SMF/PP/SMF-BTN/I/2023 No. 003/FLPP/SMF/PP/SMF-BTN/I/2023
tanggal 6 Januari 2023, Bank dated January 6, 2023, the Bank received
mendapatkan pinjaman dalam rangka a loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 29 Desember 2023. Saldo pada December 29, 2023. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp4.348.935 dan 2024, is amounting to Rp4,348,935 and
Rp4.573.755 dengan suku bunga paling Rp4,573,755 with the lowest interest rate
rendah sebesar 4,45% dengan jangka of 4.45% for a maximum period of 20
waktu paling lama 20 (dua puluh) tahun. (twenty) years. Loan repayments
Pengembalian dana pinjaman (angsuran (principal and interest installments) to
pokok dan bunga) kepada SMF SMF is no later than the 10th of each
dilaksanakan paling lambat tanggal 10 month. if the due date of principal and
setiap bulannya. apabila tanggal jatuh interest payments falls on a national
tempo pembayaran pokok dan bunga holiday. the payment is made on the
jatuh pada hari libur nasional. maka working day after the payment due date.
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
197
Page 833
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: (lanjutan) SMF as follow: (continued)
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2023 FLPP 2023
Berdasarkan perjanjian Based on loan agreement
No. 006/FLPP/ PP/SMF-BTNS/I/2023 dan No. 006/FLPP/PP/SMF-BTNS/I/2023 and
No. 03/ PKS/DIR/2023 tanggal No. 03/PKS/DIR/2023 dated
17 Januari 2023, Bank mendapatkan January 17, 2023, the Bank received a
pinjaman dalam rangka penyaluran kredit loan which is intended for distributing
pemilikan rumah sejahtera untuk housing loans for low-income
masyarakat berpenghasilan rendah. communities.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 29 Desember 2023. Saldo pada December 29, 2023. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar 2024, is amounting to Rp1,195,171 and
Rp1.195.171 dan Rp1.257.315 dengan Rp1,257,315 with a profit sharing ratio of
nisbah bagi hasil sebesar 22,25% yang 22.25%, which is calculated from profit
dihitung dari pendapatan bagi hasil yang sharing income offered for financing
ditawarkan atas fasilitas pembiayaan facilities drawn during availability period or
yang ditarik selama availability period an equivalent of 4.45% per annum for a
atau dengan ekuivalen sebesar setara maximum period of 20 (twenty) years.
dengan 4,45% per dengan jangka waktu Loan repayments (principal and interest
paling lama 20 (dua puluh) tahun. instalments) to SMF are held no later than
Pengembalian dana pinjaman (angsuran the 10th of each month, if the due date of
pokok dan bunga) kepada SMF principal and interest payments falls on a
dilaksanakan paling lambat tanggal national holiday, the payment is made on
10 setiap bulannya, apabila tanggal jatuh the working day after the payment due
tempo pembayaran pokok dan bunga date.
jatuh pada hari libur nasional, maka
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
198
Page 834
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut: (lanjutan) SMF as follow: (continued)
Pinjaman SMF FLPP 2022 SMF FLPP Year 2022
Berdasarkan perjanjian Based on loan agreement
No. 016/FLPP/PP/SMF-BTN/I/2022 dan No. 016/FLPP/PP/SMF-BTN/I/2022 and
No. 02/PKS/DIR/ 2022 tanggal No. 02/PKS/DIR/2022 dated
6 Januari 2022, Bank mendapatkan January 6, 2022, the Bank received a loan
pinjaman dalam rangka penyaluran kredit which is intended for distributing housing
pemilikan rumah sejahtera untuk loans for low-income communities.
masyarakat berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2022. Saldo pada December 31, 2022. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025 and
adalah sebesar Rp3.890.548 dan 2024, is amounting to Rp3,890,548 and
Rp4.100.677 dengan suku bunga paling Rp4,100,677 with the lowest interest rate
rendah sebesar 4,45% dengan jangka of 4.45% for a maximum period of 20
waktu paling lama 20 (dua puluh) tahun. (twenty) years. Loan repayments
Pengembalian dana pinjaman (angsuran (principal and interest installments) to
pokok dan bunga) kepada SMF SMF is no later than the 10th of each
dilaksanakan paling lambat tanggal 10 month, if the due date of principal and
setiap bulannya, apabila tanggal jatuh interest payments falls on a national
tempo pembayaran pokok dan bunga holiday, the payment is made on the
jatuh pada hari libur nasional, maka working day after the payment due date.
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2022 FLPP 2022
Berdasarkan perjanjian Based on loan agreement
No. 017/FLPP/ AKAD/SMF-BTNS/I/2022 No. 017/FLPP/AKAD/SMF-BTNS/I/2022
dan No. 04/ PKS/DIR/2022 tanggal and No. 04/PKS/DIR/2022 dated
6 Januari 2022, Bank mendapatkan January 6, 2022, the Bank received a loan
pinjaman dalam rangka penyaluran kredit which is intended for distributing housing
pemilikan rumah sejahtera untuk loans for low-income communities.
masyarakat berpenghasilan rendah.
199
Page 835
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2022 (lanjutan) FLPP 2022 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2022. Saldo pada December 31, 2022. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp845.746 dan 2024, is amounting to Rp845,746 and
Rp896.549 dengan nisbah bagi hasil Rp896,549 with a profit sharing ratio of
sebesar 22,25% yang dihitung dari 22.25%, which is calculated from profit
pendapatan bagi hasil yang ditawarkan sharing income offered for financing
atas fasilitas pembiayaan yang ditarik facilities drawn during availability period or
selama availability period atau dengan an equivalent of 4.45% per annum for a
ekuivalen sebesar setara dengan 4,45% maximum period of 20 (twenty) years.
per dengan jangka waktu paling lama 20 Loan repayments (principal and interest
(dua puluh) tahun. Pengembalian dana instalments) to SMF are held no later than
pinjaman (angsuran pokok dan bunga) the 10th of each month, if the due date of
kepada SMF dilaksanakan paling lambat principal and interest payments falls on a
tanggal 10 setiap bulannya, apabila national holiday, the payment is made on
tanggal jatuh tempo pembayaran pokok the working day after the payment due
dan bunga jatuh pada hari libur nasional, date.
maka pembayaran dilakukan pada hari
kerja sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF FLPP 2021 SMF Loan FLPP 2021
Berdasarkan perjanjian Based on loan agreement
No. 069/FLPP/ PP/SMF-BTN/IV/2021 No. 069/FLPP/ PP/SMF-BTN/IV/2021
tanggal 14 April 2021, Bank mendapatkan dated April 14, 2021, the Bank received a
pinjaman dalam rangka penyaluran kredit loan which is intended for distributing
pemilikan rumah sejahtera untuk housing loans for low-income
masyarakat berpenghasilan rendah. communities.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2021. Saldo pada December 31, 2021. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp2.830.167 dan 2024, is amounting to Rp2,830,167 and
Rp3.004.778 dengan suku bunga paling Rp3,004,778 with the lowest interest rate
rendah sebesar 4,45% dengan jangka of 4.45% for a maximum period of 20
waktu paling lama 20 (dua puluh) tahun. (twenty) years. Loan repayments
Pengembalian dana pinjaman (angsuran (principal and interest installments) to
pokok dan bunga) kepada SMF SMF is no later than the 10th of each
dilaksanakan paling lambat tanggal 10 month, if the due date of principal and
setiap bulannya, apabila tanggal jatuh interest payments falls on a national
tempo pembayaran pokok dan bunga holiday, the payment is made on the
jatuh pada hari libur nasional, maka working day after the payment due date.
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
200
Page 836
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF FLPP 2020 SMF FLPP Year 2020
Berdasarkan perjanjian Based on loan agreement
No. 010/FLPP/ PP/SMF-BTN/I/2020 No. 010/FLPP/PP/SMF-BTN/I/2020 dated
tanggal 20 Januari 2020, Bank January 20, 2020, the Bank received a
mendapatkan pinjaman dalam rangka loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
Sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2020. Saldo pada December 31, 2020. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025 and
adalah sebesar Rp715.028 dan 2024 is amounting to Rp715,028 and
Rp763.064 dengan suku bunga paling Rp763,064 with the lowest interest rate of
rendah sebesar 4,45% dengan jangka 4.45% for a maximum period of 15 (fifteen)
waktu paling lama 15 (lima belas) tahun. years. Loan repayments (principal and
Pengembalian dana pinjaman (angsuran interest instalments) to SMF is no later
pokok dan bunga) kepada SMF than the 10th of each month, if the due
dilaksanakan paling lambat tanggal 10 date of principal and interest payments
setiap bulannya, apabila tanggal jatuh falls on a national holiday, the payment is
tempo pembayaran pokok dan bunga made on the working day after the
jatuh pada hari libur nasional, maka payment due date.
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2021 FLPP 2021
Berdasarkan perjanjian Based on loan agreement
No. 069A/FLPP/ AKAD/SMF- No. 069A/FLPP/AKAD/SMF-BTN/IV/2021
BTN/IV/2021 tanggal 21 April 2021, Bank dated April 21, 2021, the Bank received a
mendapatkan pinjaman dalam rangka loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
201
Page 837
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (pihak berelasi) (SMF) (lanjutan) (Persero) (related parties) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2021 (lanjutan) FLPP 2021 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2021. Saldo pada December 31, 2021. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp591.168 dan 2024, is amounting to Rp591,168 and
Rp633.120 dengan nisbah bagi hasil Rp633,120 with a profit sharing ratio of
sebesar 22,25% yang dihitung dari 22.25%, which is calculated from profit
pendapatan bagi hasil yang ditawarkan sharing income offered for financing
atas fasilitas pembiayaan yang ditarik facilities drawn during availability period or
selama availability period atau dengan an equivalent of 4.45% per annum for a
ekuivalen sebesar setara dengan 4,45% maximum period of 15 (fifteen) years.
per dengan jangka waktu paling lama 15 Loan repayments (principal and interest
(lima belas) tahun. Pengembalian dana instalments) to SMF are held no later than
pinjaman (angsuran pokok dan bunga) the 10th of each month, if the due date of
kepada SMF dilaksanakan paling lambat principal and interest payments falls on a
tanggal 10 setiap bulannya, apabila national holiday, the payment is made on
tanggal jatuh tempo pembayaran pokok the working day after the payment due
dan bunga jatuh pada hari libur nasional, date.
maka pembayaran dilakukan pada hari
kerja sesudah tanggal jatuh tempo
pembayaran.
Refinancing 1 SMF 2021 Refinancing 1 SMF 2021
Berdasarkan perjanjian Based on loan agreement
No.124/PP/SMF-BTN/VI/2021 tanggal 30 No.124/PP/SMF-BTN/VI/2021 dated
Juni 2021, Bank mendapatkan pinjaman June 30, 2021, the Bank received a loan
dengan plafon sebesar Rp500 miliar with plafond amounting to Rp500 billion
(angka penuh) dan Rp1.000 miliar (angka (full amount) and Rp1,000 billion (full
penuh) dengan bunga tetap 5,70% dan amount) with interest rate of 5.70% and
5.95% yang akan jatuh tempo pada 5.95% and will mature on June 30, 2023
tanggal 30 Juni 2023 dan 2024. and 2024.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at
pinjaman tersebut saat jatuh tempo pada maturity date on June 30, 2023 and 2024
tanggal 30 Juni 2023 dan 2024 amounting to Rp500 billion (full amount),
masing-masing sebesar Rp500 miliar respectively.
(angka penuh).
202
Page 838
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (pihak berelasi) (SMF) (lanjutan) (Persero) (related parties) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Refinancing 1 SMF 2022 Refinancing 1 SMF 2022
Berdasarkan perjanjian Based on loan agreement
No.119/PP/SMF-BTN/IV/2022 tanggal No. 119/PP/SMF-BTN/IV/2022 dated April
28 April 2022, Bank mendapatkan 28, 2022, the Bank received a loan with
pinjaman dengan plafon sebesar plafond amounting to Rp2 trillion (full
Rp2 triliun (angka penuh) dengan bunga amount) with interest rate of 5.60% and
tetap 5,60% yang akan jatuh tempo pada will mature on April 28, 2025.
tanggal 28 April 2025.
Bank telah melakukan pelunasan atas The Bank has fully repaid the loan at
pinjaman tersebut saat jatuh tempo pada maturity date on April 28, 2025 amounting
tanggal 28 April 2025 sebesar Rp2 trilliun to Rp2 trillion (full amount).
(angka penuh).
Pinjaman SMF FLPP 2019 SMF Loan FLPP 2019
Berdasarkan perjanjian Based on loan agreement
No. 099/PP/FLPP/SMF-BTN/I/2019 No. 099/PP/FLPP/SMF-BTN/I/2019 dated
tanggal 17 Januari 2019, Bank January 17, 2019, the Bank received a
mendapatkan pinjaman dalam rangka loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2019. Saldo pada December 31, 2019. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
2024, adalah sebesar Rp648.694 dan 2024, is amounting to Rp648,694 and
Rp703.555 dengan suku bunga paling Rp703,555 respectively, with the lowest
rendah sebesar 4,45% dengan jangka interest rate of 4.45% for a maximum
waktu paling lama 15 (lima belas) tahun. period of 15 (fifteen) years. Loan
Pengembalian dana pinjaman (angsuran repayments (principal and interest
pokok dan bunga) kepada SMF installments) to SMF is no later than the
dilaksanakan paling lambat tanggal 10 10th of each month, if the due date of
setiap bulannya, apabila tanggal jatuh principal and interest payments falls on a
tempo pembayaran pokok dan bunga national holiday, the payment is made on
jatuh pada hari libur nasional, maka the working day after the payment due
pembayaran dilakukan pada hari kerja date.
sesudah tanggal jatuh tempo
pembayaran.
203
Page 839
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2020 FLPP 2020
Berdasarkan perjanjian Based on loan agreement
No. 024/FLPP/AKAD/SMF-BTNSy/I/2020 No. 024/FLPP/AKAD/SMF-BTNSy/I/2020
tanggal 29 Januari 2020, Bank dated January 29, 2020, the Bank received
mendapatkan pinjaman dalam rangka a loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2020. Saldo pada December 31, 2020. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025 and
adalah sebesar Rp136.087 dan 2024 is amounting to Rp136,087 and
Rp147.313 dengan nisbah bagi hasil Rp147,313 with a profit sharing ratio of
sebesar 22,25% yang dihitung dari 22.25%, which is calculated from profit
pendapatan bagi hasil yang ditawarkan sharing income offered for financing
atas fasilitas pembiayaan yang ditarik facilities drawn during availability period or
selama availability period atau dengan an equivalent of 4.45% per annum with
ekuivalen sebesar setara dengan 4,45% revenue divided by using the average
per tahun dengan pendapatan yang yield rate effective financing for KPR
dibagihasilkan yang menggunakan rata- Sejahtera Financing equal to 5% per year
rata tingkat imbal hasil kas efektif dari for a maximum period of 15 (fifteen) years.
Pembiayaan KPR Sejahtera sebesar Loan repayments (principal and interest
setara dengan 5% per tahun dengan instalments) to SMF are held no later than
jangka waktu paling lama 15 (lima belas) the 10th of each month, if the due date of
tahun. Pengembalian dana pinjaman principal and interest payments falls on a
(angsuran pokok dan bunga) kepada SMF national holiday, the payment is made on
dilaksanakan paling lambat tanggal the working day after the payment due
10 setiap bulannya, apabila tanggal jatuh date.
tempo pembayaran pokok dan bunga
jatuh pada hari libur nasional, maka
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
204
Page 840
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF FLPP 2018 SMF Loan FLPP 2018
Berdasarkan perjanjian No. 81/PP/SMF- Based on loan agreement
BTN/VIII/2018 tanggal 14 Agustus 2018, No. 81/PP/SMF-BTN/VIII/2018 dated
Bank mendapatkan pinjaman dalam August 14, 2018, the Bank received a loan
rangka penyaluran kredit pemilikan rumah which is intended for distributing housing
sejahtera untuk masyarakat loans for low-income communities.
berpenghasilan rendah.
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 28 Desember 2018. Saldo pada December 28, 2018. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025 and
adalah sebesar Rp490.136 dan 2024 is amounting Rp490,136 and
Rp531.496 dengan suku bunga paling Rp531,496, respectively with the lowest
rendah sebesar 4,45% dengan jangka interest rate of 4.45% for a maximum
waktu paling lama 15 (lima belas) tahun. period of 15 (fifteen) years. Loan
Pengembalian dana pinjaman (angsuran repayments (principal and interest
pokok dan bunga) kepada SMF instalments) to the SMF are held no later
dilaksanakan paling lambat tanggal 10 than the 10th of each month, if the due date
setiap bulannya, apabila tanggal jatuh of principal and interest payments falls on
tempo pembayaran pokok dan bunga a national holiday, the payment is made on
jatuh pada hari libur nasional, maka the working day after the payment due
pembayaran dilakukan pada hari kerja date.
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2018 FLPP 2018
Berdasarkan perjanjian Based on loan agreement
No. 103A/AKAD/SMF-BTNSy/VIII/2018 No.103A/ AKAD/SMF-BTNSy/VIII/2018
tanggal 14 Agustus 2018, Bank dated August 14, 2018, the Bank received
mendapatkan pinjaman dalam rangka a loan which is intended for distributing
penyaluran kredit pemilikan rumah housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
205
Page 841
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2018 (lanjutan) FLPP 2018 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 28 Desember 2018. Saldo pada December 28, 2018. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025 and
masing-masing sebesar Rp20.707 dan 2024 is amounting to Rp20,707 and
Rp22.769 dengan nisbah bagi hasil Rp22,769 respectively with a profit sharing
sebesar 22,25% yang dihitung dari ratio of 22.25%, which is calculated from
pendapatan bagi hasil yang ditawarkan profit sharing income offered for financing
atas fasilitas pembiayaan yang ditarik facilities drawn during availability period or
selama availability period atau dengan an equivalent of 4.45% per annum with
ekuivalen sebesar setara dengan 4,45% revenue divided by using the average yield
per tahun dengan pendapatan yang rate effective cash financing for KPR
dibagihasilkan yang menggunakan rata- Sejahtera Financing equal to 5% per year
rata tingkat imbal hasil kas efektif dari for a maximum period of 15 (fifteen) years.
Pembiayaan KPR Sejahtera sebesar Loan repayments (principal and interest
setara dengan 5% per tahun dengan instalments) to the SMF are held no later
jangka waktu paling lama 15 (lima belas) than the 10th of each month, if the due date
tahun. Pengembalian dana pinjaman of principal and interest payments falls on
(angsuran pokok dan bunga) kepada SMF a national holiday, the payment is made on
dilaksanakan paling lambat tanggal the working day after the payment due
10 setiap bulannya, apabila tanggal jatuh date.
tempo pembayaran pokok dan bunga
jatuh pada hari libur nasional, maka
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2019 FLPP 2019
Berdasarkan perjanjian No. 017A/AKAD/ Based on loan agreement No. 017A/
FLPP/SMF-BTNSy/I/2019 tanggal 21 AKAD/FLPP/SMFBTNSy/I/2019 dated
Januari 2019, Bank mendapatkan January 21, 2019, the Bank received a
pinjaman dalam rangka penyaluran kredit loan which is intended for distributing
pemilikan rumah sejahtera untuk housing loans for low-income
masyarakat berpenghasilan rendah. communities.
206
Page 842
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP 2019 (lanjutan) FLPP 2019 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2019. Saldo pada December 31, 2019. The outstanding
tanggal 31 Desember 2025 dan 2024 balance as of December 31, 2025
adalah sebesar Rp74.795 dan Rp82.004 and 2024 is Rp74,795 and Rp82,004
dengan nisbah bagi hasil sebesar 22,25% respectively with a profit sharing ratio of
yang dihitung dari pendapatan bagi hasil 22.25%, which is calculated from profit
yang ditawarkan atas fasilitas pembiayaan sharing income offered for financing
yang ditarik selama availability period atau facilities drawn during availability period or
dengan ekuivalen sebesar setara dengan an equivalent of 4.45% per annum with
4,45% per tahun dengan pendapatan revenue divided by using the average
yang dibagihasilkan yang menggunakan yield rate effective cash financing for KPR
rata-rata tingkat imbal hasil kas efektif dari Sejahtera Financing equal to 5% per year
Pembiayaan KPR Sejahtera sebesar for a maximum period of 15 (fifteen) years.
setara dengan 5% per tahun dengan Loan repayments (principal and interest
jangka waktu paling lama 15 (lima belas) instalments) to the SMF are held no later
tahun. Pengembalian dana pinjaman than the 10th of each month, if the due
(angsuran pokok dan bunga) kepada SMF date of principal and interest payments
dilaksanakan paling lambat tanggal falls on a national holiday, the payment is
10 setiap bulannya, apabila tanggal jatuh made on the working day after the
tempo pembayaran pokok dan bunga payment due date.
jatuh pada hari libur nasional, maka
pembayaran dilakukan sesudah tanggal
jatuh tempo pembayaran.
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP Percepatan 2019 FLPP Percepatan 2019
Berdasarkan perjanjian Based on loan agreement
No. 216/FLPP/ AKAD/SMF-BTN/XII/2019 No. 216/FLPP/AKAD/SMF-BTN/XII/2019
tanggal 20 Desember 2019, Bank dated December 20, 2019, the Bank
mendapatkan pinjaman dalam rangka received loan which is intended for
penyaluran kredit pemilikan rumah distributing housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
207
Page 843
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF Mudharabah Muqayadah SMF Loan Mudharabah Muqayadah
FLPP Percepatan 2019 (lanjutan) FLPP Percepatan 2019 (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2019. Saldo pada December 31, 2019. The outstanding
tanggal 31 Desember 2025 dan balance as of December 31, 2025 and
31 Desember 2024 adalah sebesar 2024 is Rp20,793 and Rp22,688 with a
Rp20.793 dan Rp22.688 dengan nisbah profit sharing ratio of 22.25%, which is
bagi hasil sebesar 22,25% yang dihitung calculated from profit sharing income
dari pendapatan bagi hasil yang offered for financing facilities drawn during
ditawarkan atas fasilitas pembiayaan yang availability period or an equivalent of
ditarik selama availability period atau 4.45% per annum with revenue divided by
dengan ekuivalen sebesar setara dengan using the average yield rate effective cash
4,45% per tahun dengan pendapatan financing for KPR Sejahtera Financing
yang dibagihasilkan yang menggunakan equal to 5% per year for a maximum period
ratarata tingkat imbal hasil kas efektif dari of 15 (fifteen) years. Loan repayments
Pembiayaan KPR Sejahtera sebesar (principal and interest instalments) to the
setara dengan 5% per tahun dengan SMF are held no later than the 10th of each
jangka waktu paling lama 15 (lima belas) month, if the due date of principal and
tahun. Pengembalian dana pinjaman interest payments falls on a national
(angsuran pokok dan bunga) kepada SMF holiday, the payment is made on the
dilaksanakan paling lambat tanggal working day after the payment due date.
10 setiap bulannya, apabila tanggal jatuh
tempo pembayaran pokok dan bunga
jatuh pada hari libur nasional, maka
pembayaran dilakukan pada hari kerja
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman SMF FLPP Percepatan 2019 SMF Loan FLPP Percepatan 2019
Berdasarkan perjanjian Based on loan agreement
No. 203/FLPP/PP/SMF-BTN/XI/2019 No. 203/FLPP/PP/SMF-BTN/XI/2019
tanggal 28 November 2019, Bank dated November 28, 2019, the Bank
mendapatkan pinjaman dalam rangka received a loan which is intended for
penyaluran kredit pemilikan rumah distributing housing loans for low-income
sejahtera untuk masyarakat communities.
berpenghasilan rendah.
208
Page 844
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PINJAMAN YANG DITERIMA (lanjutan) 27. FUND BORROWINGS (continued)
e. Pinjaman dari PT Sarana Multigriya Finansial e. Loan from PT Sarana Multigriya Finansial
(Persero) (SMF) (lanjutan) (Persero) (SMF) (continued)
Bank memiliki beberapa perjanjian pinjaman The Bank has several loan agreements with
dengan SMF sebagai berikut (lanjutan): SMF as follow (continued):
Pinjaman SMF FLPP Percepatan 2019 SMF Loan FLPP Percepatan 2019
(lanjutan) (continued)
Pencairan atas fasilitas ini dilakukan This disbursement of facility is carried out
selama availability period sampai dengan during the availability period until
tanggal 31 Desember 2019. Saldo pada December 31, 2019. The Outstanding
tanggal 31 Desember 2025 dan Balance as of December 31, 2025 and
2024, adalah sebesar Rp324.521 dan 2024, is amounting to Rp324,521 dan
Rp350.570 dengan suku bunga paling Rp350,570, respectively with the lowest
rendah sebesar 4,45% dengan jangka interest rate of 4.45% for a maximum
waktu paling lama 15 (lima belas) tahun. period of 15 (fifteen) years. Loan
Pengembalian dana pinjaman (angsuran repayments (principal and interest
pokok dan bunga) kepada SMF installments) to SMF is no later than the
dilaksanakan paling lambat tanggal 10 10th of each month, if the due date of
setiap bulannya, apabila tanggal jatuh principal and interest payments falls on a
tempo pembayaran pokok dan bunga national holiday, the payment is made on
jatuh pada hari libur nasional, maka the working day after the payment due
pembayaran dilakukan pada hari kerja date.
sesudah tanggal jatuh tempo
pembayaran.
Pinjaman yang diterima dari pihak-pihak As of December 31, 2025 and 2024, fund
berelasi pada tanggal 31 Desember 2025 dan borrowings received from related parties
2024 masing-masing sebesar amounted to Rp27,751,154 and Rp23,352,225,
Rp27.751.154 dan Rp23.352.225 (Catatan 46). respectively (Note 46).
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, the Bank
2024, Bank telah memenuhi ketentuan dan has complied with all of the existing terms and
kondisi yang ada dalam seluruh perjanjian condition of the fund borrowing agreements.
pinjaman yang diterima.
28. PINJAMAN DAN EFEK-EFEK SUBORDINASI 28. SUBORDINATED LOAN AND SECURITIES
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Pihak Ketiga Third Parties
Obligasi Subordinasi Subordinated bonds
Obligasi Subordinasi Berkelanjutan I
Tahap I 1.795.858 - Subordinated Continuing Bonds I Phase I
Pihak Berelasi (Catatan 46) Related Party (Note 46)
Pinjaman Subordinasi dari Subordinated Loan from
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) 1.500.000 1.500.000 (Persero)
PT Danantara Asset Management 2.000.000 - PT Danantara Asset Management
Obligasi Subordinasi Subordinated bonds
Obligasi Subordinasi Berkelanjutan I
Tahap I 196.275 - Subordinated Continuing Bonds I Phase I
Mata Uang Asing Foreign Currency
Obligasi Subordinasi - 4.828.105 Subordinated bonds
Total 5.492.133 6.328.105 Total
209
Page 845
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PINJAMAN DAN EFEK-EFEK SUBORDINASI 28. SUBORDINATED LOAN AND SECURITIES
(lanjutan) (continued)
a. Pinjaman Subordinasi PT Sarana Multigriya a. PT Sarana Multigriya Finansial (Persero) (SMF)
Finansial (Persero) (SMF) Subordinated Loan
Akun ini merupakan fasilitas pemberian Pinjaman This account is a subordinated loan that was
Subordinasi yang diperoleh dari PT SMF obtained from PT SMF (Persero) that is aimed
(Persero) yang ditujukan untuk mendukung to support the one million housing program.
Program Sejuta Rumah. Pinjaman Subordinasi Subordinated loan in the amount of
sebesar Rp3.000.000 dengan suku bunga 8,90% Rp3,000,000 with interest rate of 8.90% was
dilakukan pencairan pada tanggal withdrawn on December 27, 2019 and has
27 Desember 2019 yang akan jatuh tempo pada matured on December 27, 2024. On
tanggal 27 Desember 2024. Pada tanggal November 15, 2021, Bank disburse
15 November 2021, Bank melakukan pencairan Subordinated Loan amounting Rp1,500,000
Pinjaman Subordinasi sebesar Rp1.500.000 with interest rate 7.65% mature on November
dengan suku bunga 7,65% yang akan jatuh 15, 2026.
tempo pada tanggal 15 November 2026.
Pinjaman subordinasi ini telah mendapat Subordinated loan has been approved by
persetujuan dari Otoritas Jasa Keuangan (OJK) Financial Service Authority through letter
melalui surat No. S-69/PB.31/2016 tanggal No. S-69/PB.31/2016 dated
30 September 2016 dan No. S-21/PB.31/2020 September 30, 2016 and No. S-21/PB.31/2020
tanggal 4 Februari 2020 dan No. S- dated February 4, 2020 and No. S-
261/PB.31/2021 tanggal 25 November 2021. 261/PB.31/2021 dated November 25, 2021.
Bank telah melakukan pelunasan atas pinjaman The Bank has fully repaid the loan in the amount
Subordinasi sebesar Rp3.000.000 saat jatuh of Rp3,000,000 at maturity date on
tempo pada tanggal 27 Desember 2024 sebesar December 27, 2024 amounting to Rp3 Trillion
Rp3Triliun (angka penuh). (full amount).
b. Obligasi Subordinasi b. Subordinated Bonds
Pada tanggal 23 Januari 2020, Bank telah On January 23, 2020, the Bank issued
menerbitkan obligasi subordinasi sebesar subordinated bonds with a total nominal value of
USD300 juta atau ekuivalen Rp4.089.000 USD300 million or the equivalent to
dengan tenor 5 tahun dan bunga 4,20% per tahun Rp4,089,000, with tenor of 5 years and interest
dan dicatatkan di Bursa Efek Singapura. of 4.20% per annum and listed in the Singapore
Penerbitan Obligasi tersebut telah dinyatakan Stock Exchange.The issuance of Global Bond
efektif berdasarkan surat Otoritas Jasa became effective based on letter
Keuangan No. S-35/PB.31/2020 tanggal No. S-35/PB.31/2020 dated February 26, 2020.
26 Februari 2020.
Biaya penerbitan obligasi subordinasi tersebut The issuance costs of the subordinated bonds
sebesar Rp23.866 dicatat mengurangi nilai amounting to Rp23,866 was recorded as
obligasi subordinasi dan akan diamortisasi deduction to the amount of the subordinated
sampai dengan tanggal jatuh tempo pada bonds and amortised until the maturity date on
23 Januari 2025. January 23, 2025.
Pada tanggal 31 Desember 2024, Bank telah As of December 31, 2024, the Bank has
memenuhi ketentuan dan kondisi yang ada complied with all of the existing terms and
dalam seluruh perjanjian pinjaman subordinasi conditions of the subordinated loan
yang diterima. agreements.
Bank melakukan lindung nilai arus kas atas Bank entered into partial cashflow hedge for
pokok dan bunga dari sebagian porsi obligasi principal and interest of subordinated bond
subordinasi (Catatan 12). Bank telah melakukan (Note 12).The Bank has fully repaid the
pelunasan atas obligasi subordinasi sebesar subordinated bonds in amount USD300 million
USD300 juta atau ekuivalen Rp4.089.000 saat or equivalent to Rp4,089,000 at maturity date on
jatuh tempo pada tanggal 22 Januari 2025. January 22, 2025.
210
Page 846
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PINJAMAN DAN EFEK-EFEK SUBORDINASI 28. SUBORDINATED LOAN AND SECURITIES
(lanjutan) (continued)
c. Pinjaman Pemegang Saham Subordinasi PT c. Subordinated Shareholder Loan Of PT
Danantara Asset Management (Persero) Danantara Asset Management (Persero)
Pada tanggal 23 Desember 2025, Bank On December 23, 2025, the Bank obtained a
mendapatkan pinjaman pemegang saham subordinated shareholder loan from PT
bersifat subordinasi dari PT Danantara Asset Danantara Asset Management (Persero), under
Management (Persero) yang berdasarkan the Subordinated Shareholder Loan Agreement
Perjanjian Pinjaman Pemegang Saham No. 39 dated December 23, 2025. The facility
Subordinasi No. 39 tanggal 23 Desember 2025 was provided to support the Company’s capital
yang ditujukan untuk mendukung permodalan structure so that it may qualify as an Additional
Perseroan sehingga dapat diakui sebagai Tier 1 capital component. The shareholder loan
komponen modal inti tambahan (Additional Tier amounts to Rp2,000,000, bears interest at
1). Pinjaman pemegang saham memiliki nilai 6.95% per annum, and has no maturity date.
sebesar Rp2.000.000 dengan suku bunga 6,95% This Subordinated Shareholder Loan has been
dan tidak memiliki jangka waktu. Pinjaman approved by the Financial Services Authority
Pemegang Saham Subordinasi ini telah (OJK) through Letter No. S-185/PB.21/2025
mendapat persetujuan dari Otoritas Jasa dated December 30, 2025.
Keuangan (OJK) melalui surat No. S-
185/PB.21/2025 tanggal 30 Desember 2025.
Pinjaman pemegang saham subordinasi ini telah This subordinated shareholder loan meets the
memenuhi persyaratan POJK No. requirements of POJK No. 11/POJK.03/2016
11/POJK/03/2016 (pasal 15) sehingga instrumen (Article 15) and therefore qualifies as an
keuangan tersebut dapat dikategorikan sebagai Additional Tier 1 capital instrument. However, in
modal inti tambahan (Additional Tier 1). Namun, the event that the Bank experiences a point of
dalam hal Bank terganggu kelangsungan non-viability, as defined under SEOJK
usahanya (point of non-viability) berdasarkan No. 20/SEOJK.03/2016, which would trigger a
kriteria sesuai SEOJK No. 20/SEOJK.03/2016, future conversion of the loan into equity or a
yang menyebabkan konversi pinjaman menjadi write-down, the conversion mechanism and the
modal saham atau write down terjadi di masa number of shares to be issued for the principal
depan, mekanisme konversi dan jumlah saham amount subject to conversion have not been
yang akan diterbitkan atas pokok pinjaman yang stipulated in the agreement. Accordingly, the
akan dikonversi, belum ditentukan di perjanjian. Bank records this subordinated shareholder loan
Oleh karena itu, Bank mencatat Pinjaman as a liability in the consolidated financial
pemegang saham subordinasi ini sebagai statements.
liabilitas pada laporan keuangan konsolidasian.
211
Page 847
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PINJAMAN DAN EFEK-EFEK SUBORDINASI 28. SUBORDINATED LOAN AND SECURITIES
(lanjutan) (continued)
d. Obligasi Subordinasi Berkelanjutan I Tahap I d. Continuous Subordinated Bonds I Phase I
Bank menerbitkan Obligasi Subordinasi The Bank issued Continuous Subordinated
Berkelanjutan I BTN Tahap I Tahun 2025 Bonds I Phase I with a total nominal value of
dengan jumlah nilai nominal sebesar Rp2,000,000, which are registered in the
Rp2.000.000 yang terdaftar di Bursa Efek Indonesia Stock Exchange (IDX). Such bonds
Indonesia (BEI). Obligasi tersebut diterbitkan were issued at 100% of their nominal value with
senilai 100% dari nilai nominalnya dengan an annual fixed interest rates of 6.65%, payable
tingkat bunga tetap tahunan sebesar 6,65% every three months for Continuous
dibayarkan tiap tiga bulanan Obligasi Subordinated Bonds I Phase I, respectively, and
Subordinasi Berkelanjutan I Tahap I akan jatuh will mature on December 12, 2030, respectively.
tempo pada tanggal 12 Desember 2030. The issuance of Continuous Subordinated
Penerbitan Obligasi Subordinasi Berkelanjutan Bonds I Phase I of 2025 became effective
I Tahap I tahun 2025 tersebut telah dinyatakan based on Letter No. S-128/D.04/2025 dated
efektif berdasarkan surat Dewan Komisioner December 04, 2025 of the Board of
Otoritas Jasa Keuangan No.S-128/D.04/2025 Commisioners of the Financial Services
tanggal 04 Desember 2025. Authority.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s other
hak-hak kreditur Bank lainnya baik yang ada creditors for existing or future creditor rights,
sekarang maupun dikemudian hari, kecuali except for the Bank’s creditors’ rights which are
hak-hak kreditur Bank yang dijamin secara guaranteed specifically by the Bank’s existing or
khusus dengan kekayaan Bank baik yang telah future assets. The bonds are not included in the
ada maupun yang akan ada dikemudian hari. Government’s guarantee program on the
Obligasi ini tidak termasuk dalam program obligations of commercial banks.
jaminan Pemerintah terhadap kewajiban
pembayaran bank umum.
Pada tanggal 8 September 2025, Subordinasi On September 8, 2025, Subordinated
Berkelanjutan I Tahap I mendapat penilaian Sustainable I Phase I received an idAA rating
peringkat idAA dari PT Pemeringkat Efek from PT Pemeringkat Efek Indonesia. This
Indonesia. Hal ini dikarenakan peringkat occurred because the rating of the subordinated
obligasi bersifat subordinasi mengalami bond experienced a two-notch downgrade from
penurunan 2 knot dari peringkat korporat the corporate rating.
Bertindak sebagai wali amanat Obligasi The trustee for Continuous Subordinated Bonds
Subordinasi Berkelanjutan I Tahap I adalah PT I Phase I is PT Bank Rakyat Indonesia
Bank Rakyat Indonesia (Persero) Tbk. (Persero) Tbk.
212
Page 848
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. BUNGA YANG MASIH HARUS DIBAYAR 29. INTEREST PAYABLE
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Deposito berjangka 382.089 357.271 Time deposits
Pinjaman yang diterima 70.392 78.560 Fund borrowings
Surat-surat berharga yang diterbitkan 31.042 54.916 Securities issued
Pinjaman subordinasi Subordinated loan
dan efek-efek subordinasi 14.370 110.313 and securities
Derivatif - 57.010 Derivative
Total 497.893 658.070 Total
30. ESTIMASI KERUGIAN KOMITMEN DAN 30. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI CONTINGENCIES
Rincian garansi yang diterbitkan dan fasilitas kredit The classification of guarantees issued and unused
yang belum ditarik yang mempunyai risiko kredit loan facility bearing credit risks are as follows:
adalah sebagai berikut:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Lancar Current
Rupiah Rupiah
Garansi yang diterbitkan (Catatan 42) 3.890.911 2.579.383 Guarantees issued (Note 42)
Fasilitas kredit Unused loan facility
yang belum ditarik (committed) 206.428 86.184 (committed)
Irrevocable L/C yang masih Outstanding irrevocable
berjalan (Catatan 42) 211.017 249.694 L/Cs (Note 42)
4.308.356 2.915.261
Mata uang asing Foreign currencies
Garansi yang diterbitkan (Catatan 42) Guarantees issued (Note 42)
Euro Eropa 76.189.526 1.491.139 14.908.241 249.834 European Euro
Dolar Amerika Serikat 21.595.292 360.101 18.315.405 294.786 United States Dollar
1.851.240 544.620
6.159.596 3.459.881
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024. there are no
terdapat transaksi dengan pihak-pihak berelasi transaction with related parties for unused loan
untuk fasilitas kredit yang belum ditarik. facility.
Pada tanggal 31 Desember 2025 dan 2024, garansi As of December 31, 2025 and 2024. guarantees
bank yang diterbitkan kepada pihak-pihak berelasi. issued to related parties amounted to Rp1,995,473
masing-masing sebesar Rp1.995.473 dan and Rp1,072,600, respectively (Note 46).
Rp1.072.600 (Catatan 46).
213
Page 849
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. ESTIMASI KERUGIAN KOMITMEN DAN 30. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Fasilitas kredit yang Unused loan
belum ditarik (committed) facility (committed)
Saldo Awal 86.184 - - - 86.184 Beginning balance
Pengalihan ke: Transfer to:
Stage 1 - - - - - Stage 1
Stage 2 (16) 16 - - - Stage 2
Stage 3 - - - - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 86.168 16 - - 86.184 after transfer
Pengukuran kembali bersih Net remeasurement of
nilai tercatat 150.821 378 - - 151.199 carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli (30.955) - - - (30.955) originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya - - - - - assets
Total Penambahan/(penurunan) Total additional/(reversal)
tahun berjalan 119.866 378 - - 120.244 during the year
Saldo akhir tahun 206.034 394 - - 206.428**) Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
**) Terdiri dari fasilitas kredit yang committed yang belum ditarik **) Consist of committed unused loan facility
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Fasilitas kredit yang Unused loan
belum ditarik (committed) facility (committed)
Saldo Awal 127.083 - - - 127.083 Beginning balance
Pengalihan ke: Transfer to:
Stage 1 - - - - - Stage 1
Stage 2 - - - - - Stage 2
Stage 3 - - - - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 127.083 - - - 127.083 after transfer
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (17.551) - - - (17.551) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 32.964 - - - 32.964 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (56.312) - - - (56.312) assets
Total Penambahan/(penurunan) Total additional/(reversal)
tahun berjalan (40.899) - - - (40.899) during the year
Saldo akhir tahun 86.184 - - - 86.184**) Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. “Financial Instruments”
**) Terdiri dari fasilitas kredit yang committed yang belum ditarik **) Consist of committed unused loan facility
214
Page 850
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. ESTIMASI KERUGIAN KOMITMEN DAN 30. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: (lanjutan) follows: (continued)
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Irrevocable L/C yang masih berjalan Outstanding irrevocable L/Cs
Saldo Awal 249.694 - - - 249.694 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (9.877) - - - (9.877) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 169.643 - - - 169.643 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (198.443) - - - (198.443) assets
Total penambahan/(penurunan) Total additional/(reversal)
tahun berjalan (38.677) - - - (38.677) during the period
Saldo akhir tahun 211.017 - - - 211.017 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Irrevocable L/C yang masih berjalan Outstanding irrevocable L/Cs
Saldo Awal 20.107 - - - 20.107 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (124.543) - - - (124.543) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 771.596 - - - 771.596 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (417.466) - - - (417.466) assets
Total penambahan/(penurunan) Total additional/(reversal)
tahun berjalan 229.587 - - - 229.587 during the period
Saldo akhir tahun 249.694 - - - 249.694 Balance at the end of period
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
Perubahan estimasi kerugian komitmen dan The movements in the estimated for impairment
kontinjensi adalah sebagai berikut: losses on commitments and contingencies are as
follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Rupiah Rupiah
Saldo awal tahun 3.385 3.580 Balance at beginning of year
Pemulihan kerugian penurunan Reversal for impairment losses
nilai selama tahun berjalan (2.947) (195) during the year
Saldo akhir 438 3.385 Balance at the end
215
Page 851
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. ESTIMASI KERUGIAN KOMITMEN DAN 30. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
Perubahan estimasi kerugian komitmen dan The movements in the estimated for impairment
kontinjensi adalah sebagai berikut: (lanjutan) losses on commitments and contingencies are as
follows: (continued)
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Fasilitas kredit yang Unused loan
belum ditarik (committed) facility (committed)
Saldo awal 3.346 - - - 3.346 Beginning balance
Pengalihan ke: Transfer to:
Stage 1 - - - - - Stage 1
Stage 2 - - - - - Stage 2
Stage 3 - - - - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 3.346 - - - 3.346 after transfer
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (2.782) 7 - - (2.775) impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 13 - - - 13 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (179) - - - (179) asset
Total Penambahan/(penurunan) Total Additional(reversal)/
tahun berjalan (2.948) 7 - - (2.941) during the year
Saldo akhir tahun 398 7 - - 405 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Fasilitas kredit yang Unused loan
belum ditarik (committed) facility (committed)
Saldo awal 3.564 - - - 3.564 Beginning balance
Pengalihan ke: Transfer to:
Stage 1 - - - - - Stage 1
Stage 2 - - - - - Stage 2
Stage 3 - - - - - Stage 3
Total saldo awal setelah Total opening balance
pengalihan 3.564 - - - 3.564 after transfer
Pengukuran kembali bersih Net remeasurement of
penurunan nilai (1.686) - - - (1.686) impairment losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 2.711 - - - 2.711 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (1.243) - - - (1.243) asset
Total Penambahan/(penurunan) Total Additional(reversal)/
tahun berjalan (218) - - - (218)
Saldo akhir tahun 3.346 - - - 3.346 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
216
Page 852
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. ESTIMASI KERUGIAN KOMITMEN DAN 30. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
Perubahan cadangan kerugian komitmen dan kontinjensi The movements in the allowance for impairment losses on
adalah sebagai berikut: (lanjutan) commitments and contingencies are as follows: (continued)
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Syariah*) Total
Irrevocable L/C yang masih berjalan Outstanding irrevocable L/Cs
Saldo Awal 39 - - - 39 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (4) - - - (4) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 17 - - - 17 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (19) - - - (19) assets
Total Penambahan/(penurunan) Total additional/(reversal)
period berjalan (6) - - - (6) period the year
Saldo akhir tahun 33 - - - 33 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Syariah*) Total
Irrevocable L/C yang masih berjalan Outstanding irrevocable L/Cs
Saldo Awal 16 - - - 16 Beginning balance
Pengukuran kembali bersih Net remeasurement of
nilai tercatat (3) - - - (3) carrying amount
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 51 - - - 51 originated or purchased
Aset keuangan yang Derecognized financial
dihentikan pengakuannya (25) - - - (25) assets
Total Penambahan/(penurunan) Total additional/(reversal)
period berjalan 23 - - - 23 period the year
Saldo akhir tahun 39 - - - 39 Balance at the end of year
*) Tidak menerapkan PSAK No. 109. ”Instrumen Keuangan” *) Not applying SFAS No. 109. ”Financial Instruments”
Manajemen berpendapat bahwa penyisihan estimasi Based on management’s assessment. the amount of
kerugian komitmen dan kontinjensi yang dibentuk telah estimated losses on commitments and contingencies is
memadai. adequate.
31. LIABILITAS LAIN-LAIN 31. OTHER LIABILITIES
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Liabilitas lain-lain Other liabilities
Dana jaminan pengembang Developers’ security deposits
(kewajiban pada pihak ketiga) 299.518 304.326 (liabilities to third party)
Liabilitas sewa 150.684 165.706 Lease liability
Lainnya 182.798 156.854 Others
Total 633.000 626.886 Total
217
Page 853
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. LIABILITAS LAIN-LAIN (lanjutan) 31. OTHER LIABILITIES (continued)
Dana jaminan pengembang merupakan setoran Developer’s security deposits represent security
jaminan dari pengembang untuk menjamin deposit from developer to ensure that the developer
penyelesaian kewajiban pengembang di Grup. settle its obligation to the Group.
Rincian lainnya terutama terdiri dari liabilitas terkait Details of others consist mainly of litigation
cadangan litigasi, beban komitmen dan transaksi provision, commitment expense and transaction
yang masih harus diselesaikan. remain to be settled.
Bank telah mengidentifikasi dugaan pemalsuan The Bank has identified an indication of forged
bilyet deposito Bank dan dari hasil pemeriksaan transaction in the Bank’s certificate of time deposits
Bank menunjukkan bahwa terdapat beberapa bilyet and based on the Bank’s investigation, there were
deposito Bank yang diduga dipalsukan oleh pihak several Bank’s certificate of time deposits forged by
lain di luar Bank sehingga tidak tercatat dalam third party, therefore it is not recorded in the Bank’s
sistem Bank. Bank telah melaporkan kasus tersebut system. The Bank has reported this case to the
kepada pihak berwajib dan saat ini sedang dalam authority and currently it is in the process of
proses penyidikan sehingga jumlah pasti atas investigation, therefore the definite amount of
potensi kerugian dari kasus tersebut belum dapat pontential loss from this case is still cannot be
ditentukan. Sebagai bentuk penerapan prinsip determined yet. In view of implementation of
kehati-hatian, Bank telah membentuk cadangan prudential banking principle, the Bank has provided
atas potensi kerugian operasional masing-masing allowance for potential operational losses as of
per tanggal 31 Desember 2025 dan 2024 sebesar December 31, 2025 and 2024 amounting to
Rp16.382 dan Rp16.382. Rp16,382 and Rp16,382, respectively.
Pengungkapan liabilitas sewa pada tanggal Disclosure of lease liabilities on
31 Desember 2025 dan 2024. adalah sebagai December 31, 2025 and 2024 is as follows:
berikut:
31 Desember/December 31, 2025
Beban bunga Pembayaran
Penambahan atas liabilitas liabilitas
1 Januari/ liabilitas sewa/ sewa/ sewa/ 31 Desember/
January 1, Additions of Interest expense Payment of December 31,
2024 lease liabilities of lease liabilities lease liabilities 2025
Bangunan 28.240 2.969 35 (1.908) 29.336 Building
Kendaraan 137.466 59.304 11.017 (86.439) 121.348 Motor vehicles
Total 165.706 62.273 11.052 (88.347) 150.684 Total
31 Desember/December 31, 2024
Beban bunga Pembayaran
Penambahan atas liabilitas liabilitas
1 Januari/ liabilitas sewa/ sewa/ sewa/ 31 Desember/
January 1, Additions of Interest expense Payment of December 31,
2024 lease liabilities of lease liabilities lease liabilities 2024
Bangunan 30.488 7.036 279 (9.284) 28.240 Building
Kendaraan 156.037 65.382 8.331 (83.953) 137.466 Motor vehicles
Mesin ATM 48 - - (48) - ATM machine
Lainnya 123 - - (123) - Others
Total 186.696 72.418 8.610 (93.408) 165.706 Tota
218
Page 854
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. EKUITAS 32. EQUITY
a. Modal Saham a. Capital Stock
Rincian modal dasar, modal ditempatkan dan The details of the Bank’s authorized capital
disetor penuh Bank adalah sebagai berikut: stock and issued and fully paid capital stock are
as follows:
31 Desember/December 31, 2025
Nilai nominal
per lembar saham
Jumlah lembar (Rupiah penuh)/ Jumlah nilai Persentase
saham/ Par value saham/ kepemilikan/
Number of per share Total value Percentage
shares (Full Rupiah) of shares ownership
Modal Dasar Authorized Capital
Saham Seri A Dwiwarna 1 500 - 0,00% Series A Dwiwarna Stock
Saham Biasa atas
nama Seri B 20.478.431.999 500 10.239.216 100,00% Series B Common Stock
20.478.432.000 10.239.216 100,00%
Modal Ditempatkan dan
Disetor Penuh Issued and Fully Paid Capital
Saham Seri A Dwiwarna Series A Dwiwarna Stock
Pemerintah 1 500 - 0,00% Government
Saham Seri B Series B Stock
PT Danantara Asset PT Danantara Asset
Management (Persero) 8.420.666.647 500 4.210.333 60,00% Management (Persero)
Dewan Direksi Board of Directors
Nixon L.P Napitupulu 5.399.000 500 2.699 0,04% Nixon L.P Napitupulu
Oni Febriarto Rahardjo 1.149.100 500 575 0,01% Oni Febriarto Rahardjo
Nofry Rony Poetra 3.527.422 500 1.764 0,02% Nofry Rony Poetra
Eko Waluyo 2.868.364 500 1.434 0,02% Eko Waluyo
Setiyo Wibowo 2.889.100 500 1.445 0,02% Setiyo Wibowo
Hirwandi Gafar 2.759.714 500 1.380 0,02% Hirwandi Gafar
Tan Jacky Chen 724.135 500 362 0,01% Tan Jacky Chen
Masyarakat
(kepemilikan masing
-masing dibawah 5% Public (ownership less
untuk setiap pihak) 5.594.460.930 500 2.797.230 39,86% than 5% each)
Total 14.034.444.413 7.017.222 100,00% Total
219
Page 855
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. EKUITAS (lanjutan) 32. EQUITY (continued)
a. Modal Saham (lanjutan) a. Capital Stock (continued)
Rincian modal dasar, modal ditempatkan dan The details of the Bank’s authorized capital
disetor penuh Bank adalah sebagai berikut stock and issued and fully paid capital stock are
(lanjutan): as follows (continued):
31 Desember/December 31, 2024
Nilai nominal
per lembar saham
Jumlah lembar (Rupiah penuh)/ Jumlah nilai Persentase
saham/ Par value saham/ kepemilikan/
Number of per share Total value Percentage
shares (Full Rupiah) of shares ownership
Modal Dasar Authorized Capital
Saham Seri A Dwiwarna 1 500 - 0,00% Series A Dwiwarna Stock
Saham Biasa atas
nama Seri B 20.478.431.999 500 10.239.216 100,00% Series B Common Stock
20.478.432.000 10.239.216 100,00%
Modal Ditempatkan dan
Disetor Penuh Issued and Fully Paid Capital
Saham Seri A Dwiwarna Series A Dwiwarna Stock
Pemerintah 1 500 - 0,00% Government
Saham Seri B Series B Stock
Pemerintah 8.420.666.647 500 4.210.333 60,00% Government
Dewan Komisaris Board of Commissioners
Herry Trisaputra Zuna 879.300 500 440 0,01% Herry Trisaputra Zuna
Himawan Arief Sugoto 879.300 500 440 0,01% Himawan Arief Sugoto
Direksi Directors
Nixon L.P Napitupulu 5.399.000 500 2.699 0,04% Nixon L.P Napitupulu
Oni Febriarto Rahardjo 1.149.100 500 574 0,01% Oni Febriarto Rahardjo
Nofry Rony Poetra 3.527.422 500 1.764 0,03% Nofry Rony Poetra
Elisabeth Novie Riswanti 2.729.600 500 1.365 0,02% Elisabeth Novie Riswanti
Eko Waluyo 2.868.364 500 1.434 0,02% Eko Waluyo
Setiyo Wibowo 2.889.100 500 1.445 0,02% Setiyo Wibowo
Jasmin 3.844.430 500 1.922 0,03% Jasmin
Andi Nirwoto 2.818.561 500 1.409 0,02% Andi Nirwoto
Hirwandi Gafar 2.759.714 500 1.380 0,02% Hirwandi Gafar
Hakim Putratama 794.400 500 397 0,01% Hakim Putratama
Masyarakat
(kepemilikan masing Public
-masing dibawah 5% (ownership less
untuk setiap pihak) 5.583.239.474 500 2.791.620 39,78% than 5% each)
Total 14.034.444.413 7.017.222 100,00% Total
Saham Seri A Dwiwarna adalah saham yang Series A Dwiwarna share is the share that gives
memberikan hak-hak preferen kepada the shareholder preferential rights to approve
pemegangnya untuk menyetujui pengangkatan the appointment or dismissal of Commissioners
dan pemberhentian Dewan Komisaris dan and Directors, changes in Articles of
Direksi, perubahan anggaran dasar, menyetujui Association, approve on Group’s merger,
penggabungan, peleburan, pengambilalihan dissolution, acquisition and separation,
dan pemisahan Grup, pengajuan permohonan submission of request for bankruptcy and
agar Grup dinyatakan pailit dan pembubaran liquidation of the Group.
Grup.
Saham Seri B adalah saham biasa atas nama Series B shares are common shares that can be
yang dapat dimiliki oleh masyarakat. owned by the public.
220
Page 856
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. EKUITAS (lanjutan) 32. EQUITY (continued)
a. Modal Saham (lanjutan) a. Capital Stock (continued)
Presiden Republik Indonesia telah menetapkan The President of the Republic of Indonesia has
Peraturan Pemerintah Nomor 15 Tahun 2025 stipulated Government Regulation Number 15
tanggal 21 Maret 2025 tentang Penambahan of 2025 dated March 21, 2025 concerning the
Penyertaan Modal Negara Republik Indonesia Addition of State Capital Participation of the
ke dalam Modal Saham Perusahaan Perseroan Republic of Indonesia into the Share Capital of
(Persero) PT Biro Klasifikasi Indonesia untuk the Limited Liability Company (Persero) PT Biro
pendirian Holding Operasional (“PP 15/2025”). Klasifikasi Indonesia for the establishment of an
Sebagai pelaksanaan PP 15/2025 tersebut, Operational Holding (“PP 15/2025”). As an
telah dilakukan pengalihan seluruh Saham Seri implementation of PP 15/2025, the transfer of
B milik Negara Republik Indonesia di PT Bank all Series B Shares owned by the Republic of
Tabungan Negara (Persero) Tbk yang terdiri Indonesia in PT Bank Tabungan Negara
dari 8.420.666.647 (delapan miliar empat ratus (Persero) Tbk consisting of 8,420,666,647
dua puluh juta enam ratus enam puluh enam (eight billion four hundred twenty million six
ribu enam ratus empat puluh tujuh) lembar hundred sixty-six thousand six hundred and
saham untuk dijadikan tambahan penyertaan forty-seven) shares has been carried out to be
modal Negara pada PT Biro Klasifikasi used as additional State capital participation in
Indonesia (Persero) sebagaimana Akta PT Biro Klasifikasi Indonesia (Persero) as
Penyertaan Saham dengan Pemasukan Dalam stated in the Deed of Share Participation with
Perseroan Terbatas No. 121 tanggal Inclusion in Limited Liability Company No. 121
22 Maret 2025 yang dibuat di hadapan Jose dated March 22, 2025 made before Jose Dima
Dima Satria, SH., MKn, Notaris di Jakarta Satria, SH., MKn, Notary in South Jakarta.
Selatan.
Sehingga kepemilikan saham seri B Negara Consequently, the ownership of Series B
Republik Indonesia di Grup pada shares by the State of the Republic of Indonesia
31 Desember 2025 adalah nihil. in the Group as of December 31, 2025 is nil.
Selanjutnya, berdasarkan Surat Furthermore, based on Letter
No. SR.001/DI-DAM/DO/2025 tanggal No. SR.001/DI-DAM/DO/2025 dated
28 Mei 2025 dan Surat Edaran May 28, 2025, and based on Circular Letter
No. SE/001/DI-DAM/DO/2025 tanggal No. SE/001/DI-DAM/DO/2025 dated
28 Mei 2025 tentang Penyampaian Informasi May 28, 2025, concerning the Submission of
Atas Perubahan Nama Holding Operasional, Information on the Change of the Operational
telah dilakukan perubahan nama Holding Company's Name, the name of
PT Biro Klasifikasi Indonesia (Persero) menjadi PT Biro Klasifikasi Indonesia (Persero) has
PT Danantara Asset Management (Persero). been changed to PT Danantara Asset
Management (Persero).
Kepemilikan saham oleh Dewan Komisaris dan The shares ownership by board of
Direksi adalah dalam rangka Peraturan Otoritas commissioners and board of directors follows
Jasa Keuangan (POJK) No. 45/POJK.03/2015 the Financial Services Authority Regulation
tanggal 23 Desember 2015 tentang Penerapan (POJK) No. 45/POJK.03/2015 dated
Tata Kelola dalam Pemberian Remunerasi Bagi December 23, 2015 concerning Implementation
Bank Umum, dimana anggota Direksi dan of Governance in the Provision of
Dewan Komisaris Non-Independen diberikan Remuneration for Commercial Banks, where
remunerasi yang bersifat variabel dalam bentuk members of the Directors and Board of
saham Perseroan. Commissioners are given variable
remuneration in the form of the Company's
shares.
Saham yang dimiliki oleh Dewan Komisaris dan Shares held by the Board of Commissioners
Direksi untuk tahun yang berakhir pada tanggal and Board of Directors for the year ended
31 Desember 2025 dan 2024 masing-masing December 31, 2025 and 2024 amounted to
sebesar 19.316.835 dan 30.538.291, lembar 19,316,835 and 30,538,291 shares or 0.14%
saham atau 0,14% dan 0,22% dari jumlah and 0.22% of the total issued and fully paid
modal ditempatkan dan disetor penuh. capital, respectively.
221
Page 857
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. EKUITAS (lanjutan) 32. EQUITY (continued)
b. Tambahan modal disetor b. Additional Paid In Capital
Perubahan tambahan modal disetor adalah The movements in additional paid in capital are
sebagai berikut: as follows:
Saldo pada tanggal 1 Januari 2009 - Balance as January 1, 2009
Tambahan Modal disetor akibat Additional Paid in capital due
penawaran umum perdana tahun 2009 708.017 to Initial Public Offering in 2009
Biaya emisi penerbitan saham (68.391 ) Shares Issuance Cost
639.626
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP I tahap 1 dan 2 Tahun 2011 94.733 phases 1 and 2 of MESOP I in 2011
734.359
Tambahan Modal disetor akibat
adanya pelakskanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP I tahap 3 dan 4 Tahun 2012 5.219 phases 3 and 4 of MESOP I in 2012
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP II tahap 1 dan 2 Tahun 2012 1.130 phases 1 and 2 of MESOP II in 2012
740.708
Tambahan Modal disetor akibat
Penawaran Umum Saham Additional paid in capital due to
Terbatas I pada tahun 2012 1.111.949 Right Issue I in 2012
Biaya emisi penerbitan saham (59.154 ) Shares Issuance Cost
1.793.503
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP I tahap 5 dan 6 Tahun 2013 11.063 phases 5 and 6 of MESOP I in 2013
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP II tahap 3 dan 4 Tahun 2013 117.623 phases 3 and 4 of MESOP II in 2013
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP III tahap 1 dan 2 Tahun 2013 103.575 phases 1 and 2 of MESOP III in 2013
2.025.764
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP I tahap 7 dan 8 Tahun 2014 1.840 phases 7 and 8 of MESOP I in 2014
222
Page 858
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. EKUITAS (lanjutan) 32. EQUITY (continued)
b. Tambahan modal disetor (lanjutan) b. Additional Paid In Capital (continued)
Perubahan tambahan modal disetor adalah The movements in additional paid in capital are
sebagai berikut (lanjutan) as follows (continued):
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP II tahap 5 dan 6 Tahun 2014 243 phases 5 and 6 of MESOP II in 2014
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP III tahap 3 dan 4 Tahun 2014 289 phases 3 and 4 of MESOP III in 2014
2.028.136
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP II tahap 7 dan 8 serta phases 7 and 8 of MESOP II and
MESOP III tahap 5 dan 6 Tahun 2015 18.462 phases 5 and 6 of MESOP III in 2015
2.046.598
Tambahan Modal disetor akibat
adanya pelaksanaan opsi Additional Paid in capital due to
pembelian (eksekusi) saham purchased stock option during
MESOP III tahap 7 Tahun 2016 7.856 phase 7 of MESOP III in 2016
2.054.454
Tambahan Modal disetor akibat
Penawaran Umum Saham Additional paid in capital due to
Terbatas II pada tahun 2022/2023 2.411.111 Right Issue II in 2022/2023
Biaya Emisi Penerbitan Saham (46.665) Shares Issuance Cost
4.418.900
c. Penggunaan Laba e. Profit Distribution
Penggunaan Laba Tahun 2024 Profit Distribution for Year 2024
Alokasi penggunaan laba untuk tahun yang Allocation of profit distribution for the year ended
berakhir pada tanggal 31 Desember 2024 December 31, 2024, are as follow:
adalah sebagai berikut: a. Dividends amounted to Rp751,833
a. Dividen sebesar Rp751.833 b. Appropriated retained earnings amounted to
b. Laba ditahan yang telah ditentukan Rp2,255,496
penggunaannya Rp2.255.496
Penggunaan Laba Tahun 2023 Profit Distribution for Year 2023
Alokasi penggunaan laba untuk tahun yang Allocation of profit distribution for the year ended
berakhir pada tanggal 31 Desember 2023 December 31, 2023, are as follow:
adalah sebagai berikut: a. Dividends amounted to Rp700,198
c. Dividen sebesar Rp700.198 b. Appropriated retained earnings amounted to
d. Laba ditahan yang telah ditentukan Rp2,800,790
penggunaannya Rp2.800.790
223
Page 859
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. PENDAPATAN BUNGA DAN BAGI HASIL 33. INTEREST INCOME AND INCOME FROM PROFIT
SHARING
a. Pendapatan Bunga a. Interest Income
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember/
For the year Ended December 31
2025 2024
Biaya perolehan diamortisasi Amortized cost
Kredit yang diberikan 29.635.874 23.175.484 Loans
Obligasi pemerintah 549.090 619.449 Government bonds
Efek-efek 142.686 165.035 Securities
Tagihan lainnya 21.400 19.239 Others receivable
Current accounts with
Giro pada Bank Indonesia 247.632 417.741 Bank Indonesia
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 126.910 125.306 and other banks
Current accounts with
Giro pada bank lain 171 1.592 other banks
Efek dibeli dengan janji Securities purchased under
Dijual kembali 49.512 29.323 agreement to resell
Nilai wajar melalui Fair value through
laba rugi profit or loss
Efek-efek 64.863 75.030 Securities
Obligasi pemerintah 223.602 169.507 Government bonds
Derivatif 4.403 80.940 Derivative
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Obligasi pemerintah 619.286 398.891 Government bonds
Efek-efek 194.413 195.088 Securities
Total 31.879.842 25.472.625 Total
b. Bagi hasil dan marjin unit syariah b. Profit sharing and margin from sharia unit
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Pendapatan murabahah 2.641.498 2.555.953 Income from murabahah
Pendapatan bagi hasil musyarakah 540.048 356.586 Musyarakah profit sharing income
Pendapatan istishna 476.008 389.778 Income from istishna
Pendapatan bagi hasil mudharabah - 1.468 Mudharabah profit sharing income
Pendapatan usaha utama lainnya 803.472 765.182 Other main operating income
Total 4.461.026 4.068.967 Total
224
Page 860
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. BEBAN BUNGA, BAGI HASIL DAN BONUS 34. INTEREST, PROFIT SHARING AND BONUS
EXPENSES
a. Beban Bunga a. Interest Expense
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Deposito berjangka 10.551.616 9.707.631 Time deposits
Giro 2.683.886 2.907.852 Demand deposits
Pinjaman yang diterima 1.444.500 1.417.941 Fund borrowings
Tabungan 569.351 535.130 Savings deposits
Surat-surat berharga yang diterbitkan 235.351 441.754 Securities issued
Pinjaman subordinasi Subordinated loan
dan efek-efek subordinasi 131.122 598.776 and securities
Efek yang dijual dengan janji Securities sold under
dibeli Kembali 52.800 89.872 repurchase agreements
Simpanan dari bank lain 25.657 86.054 Deposits from other banks
Kewajiban derivatif 7.742 128.449 Derivative liabilities
Total 15.702.025 15.913.459 Total
b. Bonus Simpanan Wadiah dan Hak Pihak Ketiga b. Wadiah Deposit Bonus and Third Parties’ Share
atas Bagi hasil Mudharabah on Return of Mudharabah
Bonus simpanan wadiah: Wadiah deposit bonus:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Beban bonus simpanan wadiah: Wadiah bonus expenses:
Giro wadiah 258.390 148.667 Wadiah demand deposit
Tabungan wadiah 5.370 4.779 Wadiah saving deposit
263.760 153.446
Hak bagi hasil mudharabah: Mudharabah share on return:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Hak Pihak Ketiga atas Bagi Third Parties’ Share on Return
hasil Mudharabah: of Mudharabah:
Deposito mudharabah 1.363.580 1.320.300 Mudharabah time deposit
Tabungan mudharabah 331.980 274.558 Mudharabah saving deposit
Pinjaman mudharabah 205.211 162.793 Mudharabah borrowing
Giro mudharabah 42.648 20.787 Mudharabah demand deposit
Sukuk mudharabah 4.537 3.121 Mudharabah sukuk
Total 1.947.956 1.781.559 Total
225
Page 861
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. PENDAPATAN OPERASIONAL LAINNYA - 35. OTHER OPERATING INCOME – OTHERS
LAIN-LAIN
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Jasa perbankan 209.890 199.813 Bank services
Servicing Fee Sekuritisasi Aset 50.058 32.665 Securitization Assets Servicing Fee
Jasa penagihan - payment points 24.756 19.408 Collection services - payment points
Lainnya 373.891 900.852 Others
Total 658.595 1.152.738 Total
Jasa perbankan terdiri dari pendapatan dari Bank services pertains to income from fund transfer
transaksi transfer dana, pendapatan sewa safe transactions, safety deposit box rentals and ATM
deposit box dan pendapatan administrasi layanan service charges.
ATM.
Lainnya terutama terdiri dari provisi atas garansi Others consist mainly of provision from bank
bank yang diterbitkan, komisi yang diterima dari guarantee issued, commission received from
perusahaan asuransi atas produk asuransi yang insurance companies for insurance products sold by
terjual melalui Bank, penyelesaian atas dana titipan the Bank to its borrowers, and settlement of
nasabah dan dana jaminan developer. customer’s and developer’s deposits.
36. PENYISIHAN (PEMBALIKAN) KERUGIAN 36. PROVISION FOR (REVERSAL OF) IMPAIRMENT
PENURUNAN NILAI ASET KEUANGAN DAN LOSSES ON FINANCIAL AND NON-FINANCIAL
NON- ASET KEUANGAN ASSETS
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Kredit yang diberikan dan
pembiayaan/piutang syariah Loans and sharia financing/
(Catatan 11) 6.181.981 2.021.888 receivables (Note 11)
Efek-efek (Catatan 8) 10.001 (19.271) Securities (Note 8)
Tagihan Akseptasi (Catatan 13) (1.863) (21.889) Acceptance Receivable (Note 13)
Current accounts with
Giro pada bank lain (Catatan 6) (521) 767 other banks (Note 6)
Properti terbengkalai (10.929) - Abandoned Property
Total 6.178.669 1.981.495 Total
226
Page 862
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. BEBAN UMUM DAN ADMINISTRASI 37. GENERAL AND ADMINISTRATIVE EXPENSES
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Perbaikan dan pemeliharaan 1.339.170 1.153.531 Repairs and maintenance
Promosi 615.813 551.571 Promotion
Sewa bukan PSAK No. 116 555.895 414.410 Lease expense non SFAS No. 116
Penyusutan (Catatan 14) 563.295 526.983 Depreciation (Note 14)
Listrik, air, dan komunikasi 435.866 341.955 Electricity, water, and telecommunications
Jasa profesional 376.426 283.784 Professional fees
Outsourcing 338.486 263.732 Outsourcing
Beban kantor 320.435 261.636 Office expenses
Beban depresiasi aset hak guna Depreciation expense of right of use asset
(Catatan 14) 213.125 204.497 (Note 14)
Transportasi 180.632 192.500 Transportation
Lainnya 324.277 262.262 Others
Total 5.263.420 4.456.861 Total
Lainnya terutama terdiri dari beban administrasi Others consist mainly of branchless banking
branchless banking, biaya operasional program administration expense, government program
pemerintah, premi asuransi untuk gedung, premi operational expense, insurance premium on the
asuransi kas dalam perjalanan serta kas dalam building, insurance premium on in transit and cash
khazanah dan beban operasional protokoler. in vault and protocoler operational expenses.
38. GAJI DAN TUNJANGAN KARYAWAN 38. SALARIES AND EMPLOYEE BENEFITS
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Gaji dan upah Salaries and wages
Rutin 2.844.733 2.760.604 Recurring
Tidak rutin 1.970.175 1.544.798 Non-recurring
Pelatihan dan pengembangan 131.941 100.442 Training and development
Lainnya 57.422 39.731 Others
Total 5.004.271 4.445.575 Total
Lainnya terdiri dari beban imbalan kerja, biaya Others consists mainly of employee benefits
perekrutan, pesangon dan tunjangan rekreasi expense, recruitment costs, severance costs and
karyawan. employee recreational costs.
227
Page 863
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN 39. OTHER OPERATING EXPENSES - OTHERS
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember/
For the year Ended December 31
2025 2024
Imbalan atas jasa penagihan 52.899 61.521 Fees for collection services
Kerugian atas penyelesaian kredit
bermasalah 30.263 38.845 Loss on bad debt settlement
Lainnya 590.744 489.627 Others
Total 673.906 589.993 Total
Lainnya terutama terdiri dari beban representasi, Others consist mainly of representation,
jamuan makan dan minum rapat, dan beban terkait entertainment expense, and expense related to the
dengan cadangan atas risiko operasional lainnya provision for other operational risk and provision for
dan cadangan litigasi hukum. legal litigation.
40. PENDAPATAN (BEBAN) BUKAN OPERASIONAL 40. NON-OPERATING INCOME (EXPENSES) - NET
- NETO
Akun ini terdiri dari: This account consists of:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Pendapatan sewa gedung 358 58 Building rental income equipment
Pendapatan (beban) lainnya - neto 25.569 (51.930 ) Other income (expense) - net
Total 25.927 (51.872 ) Total
Lainnya terutama terdiri dari keuntungan/(kerugian) Others mainly consist of gains/(losses) on exchange
revaluasi kurs, beban denda administrasi, rate revaluation, administrative penalty expenses,
keuntungan/(kerugian) jual beli mata uang asing dan gains/(losses) on buying and selling foreign
beban bina lingkungan. currencies and environmental development
expenses.
228
Page 864
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN 41. TAXATION
a. Pajak Dibayar Dimuka a. Prepaid Taxes
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
PPh 29 (Catatan 41c) Article 29 (Note 41c)
2024 721.042 721.042 2024
2025 237.010 - 2025
PPh 21 23.918 33.053 Article 21
Total 981.970 754.095 Total
b. Utang Pajak b. Taxes Payable
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pajak penghasilan Income tax
Pasal 4 ayat (2) 83.227 181.728 Article (4) paragraph 2
Pasal 25 - 154.348 Article 25
Pasal 21 2.408 10.580 Article 21
Pasal 22 40 - Article 21
Pajak pertambahan nilai 54.407 21.817 Value added tax
Total 140.082 368.473 Total
c. Rekonsiliasi antara laba sebelum beban pajak c. The reconciliation between income before tax
menurut laporan laba rugi dan penghasilan expense, as shown in the statement of profit or
komprehensif lain dengan taksiran penghasilan loss and other comprehensive income are as
kena pajak, adalah sebagai berikut: follows:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Laba sebelum beban pajak
sesuai dengan laporan laba Income before tax expense as presented
rugi dan penghasilan komprehensif in consolidated statement profit or
lain konsolidasian 4.381.964 3.772.841 loss and other comprehensive income
Bagian laba entitas anak (93.694) - Income of subsidiary
Laba sebelum beban pajak Income before tax expense
(entitas induk) 4.288.270 3.772.841 (parent entity)
Beda temporer: Temporary differences:
Penyisihan untuk imbalan kerja 261.532 238.070 Provision for employee benefits
Penurunan (kenaikan) nilai Decrease (increase)
efek-efek yang dimiliki in fair value of
untuk diperdagangkan (79.168) 213.455 trading securities
Penyusutan aset hak guna (53.935) (28.356) Depreciation of Right of Use Asset
Pembentukan cadangan kerugian Provision for allowance of impairment
penurunan nilai aset keuangan losses on financial assets
dan non-aset keuangan dan lainnya 48.751 (11.951.852) and non-financial assets and others
Selisih nilai wajar efek-efek (201.997) 1.091.193 Difference in the fair value of securities
(24.817) (10.437.490)
Beda tetap: Permanent differences:
Dana sosial dan representasi 5.142 22.129
Beban kantor 70,072 29.948 Office expense
Kenikmatan karyawan 44.913 79.829 Employee welfare
Sumbangan 119.912 89.175 Donations
Sewa - 26 Rent
Perbaikan dan pemeliharaan 2.869 2.086 Repairs and maintenance
Penyusutan atas aset tetap yang tidak Depreciation of premises and equipment
dapat disusutkan menurut pajak 3.733 2.250 which are non-depreciable for tax purposes
Pendapatan sewa tarif final (346) (46) Rent income subject to final tax
Perubahan nilai EBA yang tidak Changes in EBA fair value which are
dapat diakui secara pajak 7.985 29.248 non-recognizable for tax purposes
Lain-lain 1.561 1.535 Others
255.841 256.180
229
Page 865
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
c. Rekonsiliasi antara laba sebelum beban pajak c. The reconciliation between income before tax
menurut laporan laba rugi dan penghasilan expense, as shown in the statement of profit or
komprehensif lain dengan taksiran penghasilan loss and other comprehensive income are as
kena pajak, adalah sebagai berikut: (lanjutan) follows: (continued)
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Taksiran penghasilan Estimated taxable
kena pajak 4.519.294 (6.408.469) income
Kompensasi Kerugian Fiskal Compensation from tax
Tahun 2024 (4.519.294) - loss in 2024
Beban pajak penghasilan - 153.690 Income tax expense
Pajak penghasilan Pasal 25 (237.010) (721.042) Income tax - Article 25
Pajak dibayar dimuka Prepaid taxes
(Catatan 41a) (237.010) (721.042) (Note 41a)
Berdasarkan peraturan perpajakan yang Under the prevailing Taxation Laws of
berlaku di Indonesia, Bank menghitung, Indonesia, the Bank calculates, determines and
menetapkan, dan membayar pajak yang pays tax payable based on self-assessment.
terutang berdasarkan sistem self-assessment. The Directorate General of Taxes (“DGT”) may
Direktorat Jenderal Pajak (“DJP”) dapat assess or amend taxes within 5 (five) years from
menetapkan atau mengubah liabilitas pajak the time the tax becomes due. The taxable profit
dalam batas waktu 5 (lima) tahun sejak saat resulting from the reconciliation is the basis for
terutangnya pajak. Laba kena pajak hasil filling out the Annual Corporate Income Tax
rekonsiliasi menjadi dasar dalam pengisian Return which is submitted to the tax authorities
SPT Tahunan PPh Badan yang disampaikan in accordance with applicable regulations.
kepada otoritas perpajakan sesuai dengan
peraturan yang berlaku.
d. Beban/(manfaat) pajak d. Tax Expense/(benefit)
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Entitas Induk Parent Entity
Beban pajak - kini - - Current tax expense
Beban/(manfaat) pajak – tangguhan 863.379 765.513 Deferred tax expense/(benefit)
863.379 765.513
Entitas Anak Subsidiary
Beban pajak - kini 25.365 - Current tax expense
Beban/(manfaat) pajak – tangguhan (7.934) - Deferred tax expense/(benefit)
17.431 -
Total 880.810 765.513 Total
230
Page 866
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
e. Aset (Liabilitas) Pajak Tangguhan e. Deferred tax assets (liabilities)
Pengaruh pajak atas perbedaan temporer yang The tax effects on significant outstanding
signifikan antara pelaporan keuangan dan temporary differences between financial and tax
pajak adalah sebagai berikut: reporting purposes are as follows:
31 Desember/December 31, 2025
Dikreditkan/
(dibebankan) ke
laporan laba rugi/
Credited/(charged) Dibebankan
to statement of ke ekuitas/
Saldo awal/ profit or loss and Charged to Saldo Akhir/
Beginning balance other income* equity Ending Balance
Entitas Induk Parent entity
Cadangan kerugian penurunan Allowance for impairment
nilai kredit yang diberikan 73.730 (73.730) - - losses loans
Cadangan kerugian penurunan Allowance for impairment
nilai aset keuangan - selain losses on financial assets -
kredit yang diberikan 13.996 887 - 14.883 other than loans
Cadangan kerugian penurunan Allowance for impairment
nilai aset non keuangan 383 (201) - 182 losses on non non-financial assets
Cadangan hukum. kecurangan Allowance for legal.
(fraud) dan lainnya 15.691 3.636 - 19.327 fraud and others
Cadangan imbalan kerja 256.331 5.290 36.403 298.024 Allowance for employee benefits
Penyusutan aset hak guna 15.386 (10.248) - 5.138 Depreciation of right of use asset
Rugi yang belum
direalisasi atas efek Unrealized loss
yang diukur pada nilai on fair value through
wajar melalui laba rugi 41.317 (15.041) - 26.276 profit or loss
Rugi yang belum direalisasi Unrealized loss
atas lindung nilai arus kas 10.341 - (10.341) - on cash flow hedges
(Laba) rugi yang belum
direalisasi atas efek yang Unrealized (gain) loss
diukur pada nilai wajar melalui on fair value through
penghasilan komprehensif 281.304 - (115.961) 165.343 other comprehensive income
Differences in fair value
Selisih nilai wajar efek-efek 359.949 (38.379) - 321.570 of securities
Kompensasi Rugi kena pajak 1.217.610 (858.665) - 358.945 Taxable loss
Aset pajak tangguhan neto - Deferred tax assets net -
entitas induk 2.286.038 (986.451) (89.899) 1.209.688 parent entity
Aset pajak tangguhan neto - Deferred tax assets - net
entitas anak - 131.108 (17.449) 113.659 subsidiary
Aset pajak tangguhan neto 2.286.038 (855.343) (107.348) 1.323.347 Deferred tax assets - net
*) Termasuk aset pajak tangguhan cadangan kerugian penurunan nilai *) Includes deferred tax assets allowance for impairment losses loans
kredit yang diberikan sebesar Rp78.671 dan cadangan imbalan kerja amounted to Rp78,671 and allowance for employee benefits amounted
Rp44.401 yang dialihkan ke Entitas Anak to Rp44,041 which transferred to the Subsidiary Entity
231
Page 867
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
e. Aset (Liabilitas) Pajak Tangguhan (lanjutan) e. Deferred tax assets (liabilities) (continued)
Pengaruh pajak atas perbedaan temporer yang The tax effects on significant outstanding
signifikan antara pelaporan keuangan dan temporary differences between financial and tax
pajak adalah sebagai berikut: (lanjutan) reporting purposes are as follows: (continued)
31 Desember/December 31, 2024
Dikreditkan/
(dibebankan) ke
laporan laba rugi/
Credited/(charged) Dibebankan
to statement of ke ekuitas/
Saldo awal/ profit or loss and Charged to Saldo Akhir/
Beginning balance other income equity Ending Balance
Cadangan kerugian penurunan Allowance for impairment
nilai kredit yang diberikan 2.328.612 (2.254.882) - 73.730 losses loans
Cadangan kerugian penurunan Allowance for impairment
nilai aset keuangan - selain losses on financial assets -
kredit yang diberikan 21.303 (7.307) - 13.996 other than loans
Cadangan kerugian penurunan Allowance for impairment
nilai aset non keuangan 383 - - 383 losses on non non-financial assets
Cadangan hukum. kecurangan Allowance for legal.
(fraud) dan lainnya 24.354 (8.663) - 15.691 fraud and others
Cadangan imbalan kerja 243.075 45.233 (31.977) 256.331 Allowance for employee benefits
Penyusutan aset hak guna 20.773 (5.387) - 15.386 Depreciation of right of use asset
Rugi yang belum
direalisasi atas efek Unrealized loss
yang diukur pada nilai on fair value through
wajar melalui laba rugi 760 40.557 - 41.317 profit or loss
Rugi yang belum direalisasi Unrealized loss
atas lindung nilai arus kas 7.588 - 2.753 10.341 on cash flow hedges
(Laba) rugi yang belum
direalisasi atas efek yang Unrealized (gain) loss
diukur pada nilai wajar melalui on fair value through
penghasilan komprehensif 198.811 - 82.493 281.304 other comprehensive income
Differences in fair value
Selisih nilai wajar efek-efek 152.623 207.326 - 359.949 of securities
Rugi kena pajak - 1.217.610 - 1.217.610 Taxable loss
Aset pajak tangguhan - neto 2.998.282 (765.513) 53.269 2.286.038 Deferred tax assets - net
232
Page 868
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
f. Rekonsiliasi antara beban pajak penghasilan f. The reconciliation between the tax expense
dengan menggunakan tarif pajak yang berlaku computed by applying the applicable tax rate on
dari laba sebelum beban pajak dan beban the income before tax expense and the tax
pajak penghasilan seperti yang disajikan expense shown in the statement of profit or loss
dalam laporan laba rugi dan penghasilan and other comprehensive income for the year
komprehensif lain untuk tahun yang berakhir ended December 31, 2025 and 2024, are as
pada tanggal-tanggal 31 Desember 2025 dan follows:
2024 adalah sebagai berikut:
Tahun yang berakhir pada
Tanggal 31 Desember /
For the year Ended December 31
2025 2024
Laba sebelum beban pajak
Sesuai dengan laporan laba Income before tax expense as presented
rugi dan penghasilan komprehensif in consolidated statement profit or
lain konsolidasian 4.381.964 3.772.841 loss and other comprehensive income
Dikurangi: Less:
Bagian laba entitas anak - Income before tax expense of
setelah eliminasi (93.694) - subsidiary - after elimination
Laba sebelum beban pajak Income before tax expense
(entitas induk) 4.288.270 3.772.841 (parent entity)
Beban pajak dengan
tarif pajak yang berlaku (814.771) (716.840) Tax expense at the applicable tax rate
Beda tetap (48.608) (48.673) Permanent differences
Beban pajak - entitas induk (863.379) (765.513) Tax expense - parent entity
Beban pajak - entitas anak (17.431) - Tax expense - subsidiary
Beban pajak (880.810) (765.513) Tax expense
g. Penurunan Tarif Pajak Penghasilan Badan g. Reduction of the Tax Rate of Corporate Income
Tax
Pada tanggal 31 Maret 2020, Pemerintah On March 31, 2020, the Government issue
menerbitkan Peraturan Pemerintah Pengganti Government Regulation in Lieu of Law (Perpu)
Undang-Undang (Perpu) Republik Indonesia of the Republic of Indonesia No. 1 of 2020 which
No. 1 Tahun 2020 yang telah menjadi Undang- has become Law (UU) No. 2 of 2020, as well as
Undang (UU) No. 2 Tahun 2020, serta stipulated Government Regulation (PP) No. 30
menetapkan Peraturan Pemerintah (PP) of 2020 concerning Tariff Reduction for
No. 30 Tahun 2020 tentang Penurunan Tarif Domestic Public Companies Taxpayers and
Pajak Penghasilan bagi Wajib Pajak Badan effective since June 19, 2020. The regulation
Dalam Negeri yang Berbentuk Perseroan has stipulated the reduction in the income tax
Terbuka dan berlaku sejak tanggal 19 Juni rates for domestic corporate taxpayers and
2020. Aturan tersebut menetapkan penurunan business establishments from 25% to 22% for
tarif pajak penghasilan wajib pajak badan Fiscal Year 2021 and 2022 and 20% for the
dalam negeri dan bentuk usaha tetap dari Fiscal Year 2022 onwards, and a further
semula 25% menjadi 22% untuk tahun pajak reduction of the tax rate by 3% for domestic
2021 dan 2022 dan 20% mulai tahun pajak taxpayers who meet certain requirements.
2022 dan seterusnya, serta pengurangan
lebih lanjut tarif pajak sebesar 3% untuk wajib
pajak dalam negeri yang memenuhi
persyaratan tertentu.
Berdasarkan Undang-Undang No. 7 tahun Based Law No. 7 of 2021 regarding
2021 tentang Harmonisasi Peraturan Harmonisation of the Tax Regulation witch
Perpajakan yang berlaku 1 Januari 2022 maka applies on January 1, 2022 therefore the tax
tarif pajak kembali ke tarif pajak tunggal yaitu rate is a single rate of 22%.
22%.
233
Page 869
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
g. Penurunan Tarif Pajak Penghasilan Badan g. Reduction of the Tax Rate of Corporate Income
(lanjutan) Tax (continued)
Berdasarkan surat keterangan No. DE/I/2026- Based on Letter No. DE/I/2026-0031 dated
0031 tanggal 2 Januari 2026 dan laporan January 2, 2026 and the monthly report of
bulanan kepemilikan saham dari Biro shares ownerships form the Securities
Administrasi Efek, Datindo Entrycom atas Administration Agency (Biro Administrasi Efek),
kepemilikan saham Bank selama periode 2025 Datindo Entrycom on the ownership of Bank’s
yang berakhir pada tanggal 31 Desember 2025 shares during the period ended
semua kriteria di atas untuk memperoleh December 31, 2025, all of the above mentioned
fasilitas penurunan tarif pajak tersebut atas required criteria to obtain the tax rate reduction
laporan keuangan Bank untuk periode yang on Bank’s financial statements for the period
berakhir pada tanggal 31 Desember 2025 telah then ended December 31, 2025 were fulfilled by
terpenuhi. the Bank.
Berdasarkan surat keterangan Based on Letter No. DE/I/2025-0037 dated
No. DE/I/2025-0037 tanggal 3 Januari 2025 dan January 3, 2025 and the monthly report of
laporan bulanan kepemilikan saham dari Biro shares ownerships form the Securities
Administrasi Efek, Datindo Entrycom atas Administration Agency (Biro Administrasi Efek),
kepemilikan saham Bank selama periode 2024 Datindo Entrycom on the ownership of Bank’s
yang berakhir pada tanggal 31 Desember 2024 shares during the period ended
semua kriteria di atas untuk memperoleh December 31, 2024, all of the above mentioned
fasilitas penurunan tarif pajak tersebut atas required criteria to obtain the tax rate reduction
laporan keuangan Bank untuk tahun yang on Bank’s financial statements for the year then
berakhir pada tanggal 31 Desember 2024 telah ended December 31, 2024 were fulfilled by the
terpenuhi. Bank.
Pajak penghasilan badan Bank untuk tahun Bank's corporate income tax for the year ended
yang berakhir pada tanggal-tanggal December 31, 2025 and 2024 are calculated
31 Desember 2025 dan 2024 telah dihitung using the tax rate of 19%.
dengan menggunakan tarif pajak 19%.
Pada tanggal 10 Oktober 2024, Pemerintah On October 10, 2024, the Government issued
menerbitkan Peraturan Menteri Keuangan Minister of Finance Regulation (PMK) Number
(PMK) Nomor 74 Tahun 2024 tentang 74 Year 2024 concerning Guidelines for the
Pembentukkan Cadangan Piutang Tak Tertagih Establishment of an Reserve for Uncollectible
yang Boleh Dikurangkan dari Penghasilan Accounts that can be Deductible from Gross
Bruto. Sesuai dengan ketentuan peralihan Income. Based on the transitional provisions in
dalam Peraturan Menteri Keuangan Republik the Regulation of the Minister of Finance of the
Indonesia Nomor 74 Tahun 2024, Bank telah Republic of Indonesia Number 74 of 2024, Bank
melaksanakan perhitungan nilai tercatat has calculated the carrying value of the
cadangan piutang tak tertagih untuk awal tahun allowance for doubtful accounts for the
fiskal 2024 dan selisih lebih sebesar beginning of the fiscal year 2024, and the
Rp11.517.405 dan diakui sebagai biaya yang excess amounting to Rp11,517,405 recognised
dibebankan seluruhnya untuk tahun fiskal 2024. as an expense fully charged to the fiscal year
2024.
Pada tahun 2025, rugi fiskal sebesar On 2025, the fiscal losses amounted to
Rp6.408.469 telah di kompensasi sebagian Rp6,408,469 has compensated with deferred
sebesar Rp4.519.294 dengan aset pajak tax assets amounted to Rp4,519,294 ulitized by
tangguhan yang dimanfaatkan BTN pada tahun BTN amounting to Rp858,665 in the fiscal year
fiskal 2025 sebesar Rp858.665. Sisa rugi fiskal 2025. Remaining fiscal losses which not yet
yang belum dimanfaatkan adalah sebesar claim amounted to Rp1,889,175.
Rp1.889.175.
234
Page 870
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. PERPAJAKAN (lanjutan) 41. TAXATION (continued)
h. Surat Pemeriksaan Pajak h. Tax Audit Letter
Berdasarkan surat perintah pemeriksaan nomor Based on the inspection order letter number S-
S-070/KPP.1904/2025 tanggal 25 Juni 2025, 070/KPP.1904/2025 dated June 25, 2025, the
Bank sedang menjalani pemeriksaan pajak atas Bank is undergoing a tax audit for overpayment
lebih bayar SPT tahunan badan masa pajak of the 2024 corporate annual tax return. Until the
2024. Sampai dengan tanggal laporan ini, date of this report, the inspection process is still
proses pemeriksaan masih sedang berjalan ongoing and there is no inspection result yet.
dan belum terdapat hasil pemeriksaan.
42. KOMITMEN DAN KONTINJENSI 42. COMMITMENTS AND CONTINGENCIES
Saldo komitmen dan kontinjensi pada tanggal The outstanding commitments and contingencies as
31 Desember 2025 dan 2024 adalah sebagai of December 31, 2025 and 2024 as follows:
berikut:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
KOMITMEN COMMITMENTS
Liabilitas komitmen Commitments payable
Fasilitas kredit kepada nasabah Unused loan facility
yang belum ditarik 17.990.697 15.614.895 commitments
Irrevocable L/C yang Outstanding
masih berjalan (Catatan 30) 211.017 249.694 irrevocable L/Cs (Note 30)
Komitmen - neto 18.201.714 15.864.589 Commitments - net
KONTINJENSI CONTINGENCIES
Tagihan kontinjensi Contingent receivables
Pendapatan bunga dalam Interest income on
penyelesaian 6.664.026 3.550.319 non-performing assets
Liabilitas kontinjensi Contingent payables
Garansi yang diterbitkan Guarantees issued
(Catatan 30) (5.742.151) (3.124.003) (Note 30)
Kontinjensi - neto 921.875 426.316 Contingencies - net
43. IMBALAN KERJA 43. EMPLOYEE BENEFITS
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Bonus dan tantiem 781.242 396.171 Bonuses and tantiem
Imbalan kerja jangka panjang 1.771.409 1.349.111 Long term employee benefits
Total 2.552.651 1.745.282 Total
Cadangan atas bonus merupakan kewajiban atas Provision for bonus represents unpaid employees’
jasa produksi karyawan pada tahun berjalan yang bonus for the current year which has not yet been
belum dibagikan pada akhir tahun. distributed at the end of the year.
Program pensiun imbalan pasti Defined benefit pension plan
Program dana Pensiun diadministrasikan dan The Pension Plan’s assets are being administered
dikelola oleh Dana Pensiun PT Bank Tabungan and managed by Dana Pensiun PT Bank Tabungan
Negara (Persero) Tbk (DPBTN). Negara (Persero) Tbk (DPBTN).
235
Page 871
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
Program pensiun imbalan pasti (lanjutan) Defined benefit pension plan (continued)
Sesuai dengan ketentuan Dana Pensiun, Program According to the Pension Fund regulation, the
Pensiun dibiayai dari iuran karyawan dan iuran pension plan is funded through contributions from
Bank. Iuran karyawan adalah sebesar 5% dari both the employees and the Bank. Employees’
penghasilan dasar pensiun karyawan dan atas sisa contributions are computed at 5% of the employees’
jumlah yang perlu didanakan kepada DPBTN basic pension salaries and any remaining amount
merupakan kontribusi Grup. required to fund DPBTN represents the contributions
by the Group.
Efektif tanggal 1 Januari 2004, semua pekerja yang Effective January 1, 2004, all newly appointed
baru diangkat sebagai pekerja tetap tidak permanent employees are not included in the
diikutsertakan dalam program pensiun imbalan pasti defined benefit pension plan (DPBTN), instead, the
(DPBTN), namun demikian, karyawan Bank Bank’s employees are included in the defined
diikutsertakan dalam program pensiun iuran pasti contribution pension plan which was effective since
yang berlaku efektif sejak bulan Januari 2004. January 2004. This defined contribution pension
Program Pensiun ini dikelola oleh Dana Pensiun plan is managed by Dana Pensiun Lembaga
Lembaga Keuangan PT Bank Negara Indonesia Keuangan PT Bank Negara Indonesia (Persero)
(Persero) Tbk (DPLK). Tbk (DPLK).
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
Bank memberikan imbalan kerja kepada pegawai The Bank provides employee benefits in the form of
berupa penghargaan masa kerja dan Masa allowance for gratuity for services and retirement
Persiapan Pensiun (MPP) yaitu 1 (satu) tahun preparation period (MPP), which is within 1 (one)
sebelum pegawai mencapai usia pensiun normal year before the normal pension age (56 years old).
(usia 56 tahun).
Masa Persiapan Pensiun (MPP) adalah Masa Retirement Preparation Period (MPP) is the period
Pegawai Tetap dibebastugaskan karena telah when permanent employees are dismissed because
mendekati usia pensiun normal. Pada ketentuan they are approaching normal retirement age. In the
sebelumnya (Surat Edaran Direksi previous provisions (Circular Letter of the Board of
Nomor 62/SE/DIR/HCSD/2019) dijelaskan bahwa Directors Number 62/SE/DIR/HCSD/2019) it is
Pegawai Tetap yang telah memasuki usia 55 tahun explained that Permanent Employees who have
maka akan melaksanakan MPP dengan Hak upah entered the age of 55 will carry out MPP with Wage
berupa Gaji Pokok Pegawai bulan terakhir hingga Rights in the form of the last month's Basic Employee
Pegawai ybs memasuki usia pensiun (56 tahun), Salary until the Employee concerned enters
apabila dipandang perlu karena retirement age (56 years ), if it is deemed necessary
keahlian/pengalaman Pegawai Tetap yang because the expertisse/experience of the
bersangkutan masih diperlukan, Direksi dapat Permanent Employee concerned is still needed, the
menangguhkan/menghapuskan MPP yang Board of Directors can suspend/remove the MPP
bersangkutan dan selama dipekerjakan yang concerned and while employed the person
bersangkutan tetap diberikan penghasilan seperti concerned is still given income as was the case
halnya pada waktu Pegawai Tetap tersebut asih when the Permanent Employee was still active
aktif (sebelum MPP). (before MPP).
236
Page 872
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
Program pensiun iuran pasti (lanjutan) Defined contribution plan (continued)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued)
Terdapat perubahan ketentuan pelaksanaan MPP There are changes to the provisions for
sebagaimana ditetapkan pada Perjanjian Kerja implementing MPP as stipulated in the Bank
Bersama (PKB) Bank BTN tahun 2022 BTN Collective Labor Agreement (PKB) in 2022
pasal 69 ayat 1 dimana Pegawai yang memasuki article 69 paragraph 1 where Employees who enter
usia MPP (55 tahun) maka akan tetap bekerja MPP age (55 years) will continue to work until
hingga usia pensiun (56 tahun) dan apabila Pegawai retirement age (56 years) and if Employees wish to
ingin menjalani MPP maka dapat undergo MPP then may apply to the Company.
mengajukan permohonan kepada Perusahaan. The changes to the MPP implementation provisions
Perubahan ketentuan pelaksanaan MPP tersebut have also been socialized to all
juga telah disosialisasikan kepada Group employees based on memos
seluruh Pegawai Grup berdasarkan memo number 244/M/HCSD/HCSP/IX/2022 and number
nomor 244/M/HCSD/HCSP/IX/2022 dan 370/M/HCMD/ER/IX/2022 regarding Notification of
nomor 370/M/HCMD/ER/IX/2022 perihal Changes in Retirement Preparation Period (MPP).
Pemberitahuan Perubahan Ketentuan Masa
Persiapan Pensiun (MPP).
Karyawan Bank juga memperoleh manfaat dari Bank employees are also given welfare program,
pemberian program kesejahteraan, kontribusi employees’ contributions are 0.00% of their net
karyawan terhadap dana kesejahteraan sebesar wages for welfare program benefits and the Bank
0,00% dikali gaji bersih dan kontribusi Bank contributions are 3.50%. The plan assets are being
sebesar 3,50%. Aset program diadministrasikan dan administered and managed by Yayasan
dikelola oleh Yayasan Kesejahteraan Pegawai Kesejahteraan Pegawai PT Bank Tabungan Negara
PT Bank Tabungan Negara (YKPBTN). (YKPBTN).
Aktuaria dan tanggal laporan aktuaria Bank dan The actuaries and actuarial reports dates of the Bank
entitas anak adalah sebagai berikut: and subsidiary are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tanggal Laporan Tanggal Laporan
Aktuaris/ Aktuaris/
Aktuaris/ Actuarial Aktuaris/ Actuarial
Actuary Report Date Actuary Report Date
Kantor Konsultan
Kantor Konsultan Aktuaria Santhi
Aktuaria Santhi 13 Januari/ Devi dan 6 Februari/
Devi dan January 13, Ardianto February 6,
Bank Ardianto Handoyo 2026 Handoyo 2025 Bank
Kantor Konsultan
Aktuaria Santhi 13 Januari/
Devi dan January 13,
PT Bank Syariah Nasional Ardianto Handoyo 2026 - - PT Bank Syariah Nasional
237
Page 873
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
Program pensiun iuran pasti (lanjutan) Defined contribution plan (continued)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued)
Perhitungan aktuaris atas imbalan kerja Bank pada The actuarial valuation of Bank’s employee benefits
tanggal 31 Desember 2025 dan 2024 masing-masing as of December 31, 2025 and 2024 respectively,
dengan menggunakan metode “Projected Unit using the “Projected Unit Credit” method.
Credit”.
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Bank BSN Bank
Asumsi ekonomi: Economics assumptions:
Tingkat kenaikan penghasilan Basic pensionable annual
dasar Pensiun 8.00% 8.00% 8.00% salary increase rate
Tingkat diskonto per tahun sebelum Annual discount rate before
usia pension normal 6.25% 6.25% 7.00% normal retirement age
Asumsi lainnya: Other assumptions:
Usia pension normal 56 tahun/years 56 tahun/years 56 tahun/years Other long term benefit
Tingkat mortalita (kematian) TMII-2019 TMII-2019 TMII-2019 Mortality rate
Tingkat cacat 1.00% mortalita/ 1.00% mortalita/ 1.00% mortalita/ Disability rate
mortality mortality mortality
Tingkat Diskonto per tahun untuk: Annual Discount rate:
Imbalan Jangka Panjang Lainnya - Other long-term benefits
Penghargaan Masa Kerja 6.25% 6.25% 7.00% Gratuity
Program Pesangon Pensiun - Retirement severance program
Selisih DPLK 6.25% 6.25% 7.00% Difference from DPLK
Masa Persiapan Pensiun 6.25% 6.25% 7.00% Retirement Preparation Period
Program Pensiun Imbalan Pasti 6.25% 6.25% 7.00% Deferred Benefit Pension Plan
Program Kesejahteraan 6.25% 6.25% 7.00% Welfare Program
Tingkat pengunduran diri Turnover rate
Umur 25 5.00% 5.00% 5.00% Age 25
Umur 30 5.00% 5.00% 5.00% Age 30
Umur 35 5.00% 5.00% 5.00% Age 35
Umur 40 5.00% 5.00% 5.00% Age 40
Umur 45 5.00% 5.00% 5.00% Age 45
Umur 50 3.00% 3.00% 3.00% Age 50
Umur 55 9.00% 9.00% 9.00% Age 55
Rata-rata durasi tertimbang kewajiban imbalan pasti The average duration of the defined benefit
yang berakhir pada tanggal 31 Desember 2024 dan obligations for the year ended as of December 31,
2025 adalah sebagai berikut: 2025 and 2024 are as follow:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Bank BSN Bank
Pensiun 9,11 tahun/years - 8,81 tahun/years Pension
Kesejahteraan 10,40 tahun/years - 9,75 tahun/years Welfare benefit
Program lainnya Other programs
Pesangon 8,82 tahun/years 10,62 tahun/years 7,29 tahun/years Post employment benefit
Masa persiapan pensiun 8,82 tahun/years - 7,29 tahun/years Pre-retirement benefit
Imbalan jangka panjang lainnya 8,82 tahun/years - 7,29 tahun/years Other long term benefit
Penghargaan masa kerja, program pesangon Gratuity for services, retirement severance program-
pensiun-selisih DPLK, masa persiapan pensiun dan difference from DPLK, retirement preparation period
program kesejahteraan dicantumkan dalam and welfare program are included in other benefits.
program lainnya.
238
Page 874
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
a. Biaya imbalan kerja a. Employee benefits expense
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Biaya jasa kini 25.566 198.408 223.974 Current service cost
Iuran peserta (5.581) (5.711) (11.292) Contribution from participant
Beban bunga neto 3.954 84.339 88.293 Net interest cost
Kerugian aktuaria - 95.484 95.484 Actuarial loss
Biaya jasa lalu 13.372 1.171 14.543 Past service cost
Beban imbalan kerja Employee benefits
- neto 37.311 373.691 411.002 expense - net
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Biaya jasa kini 32.751 177.907 210.658 Current service cost
Iuran peserta (6.479) (6.666) (13.145) Contribution from participant
Beban bunga neto 9.759 74.384 84.143 Net interest cost
Kerugian aktuaria - 26.313 26.313 Actuarial loss
Biaya jasa lalu 93.324 - 93.324 Past service cost
Beban imbalan kerja Employee benefits
- neto 129.355 271.938 401.293 expense - net
b. Mutasi atas kewajiban imbalan kerja b. Movements of liabilities for employee benefits
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 61.274 1.287.837 1.349.111 Beginning balance
Beban imbalan kerja Employee benefits expense
tahun berjalan - neto 37.310 373.692 411.002 during the year - net
Pengukuran kembali liabilitas Reameasurement of employee
(aset) imbalan kerja - neto 36.237 155.352 191.589 benefit liability (asset) – net
Pembayaran iuran Payment contribution
tahun berjalan (28.988) (151.305) (180.293) from current year
Saldo kewajiban pada Balance liabilities
akhir tahun 105.833 1.665.576 1.771.409 at end of year
239
Page 875
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
b. Mutasi atas kewajiban imbalan kerja b. Movements of liabilities for employee benefits
(lanjutan) (continued)
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 155.783 1.123.559 1.279.342 Beginning balance
Beban imbalan kerja Employee benefits expense
tahun berjalan - neto 129.355 271.938 401.293 during the year - net
Pengukuran kembali liabilitas Reameasurement of employee
(aset) imbalan kerja - neto (179.239) 10.938 (168.301) benefit liability (asset) - net
Pembayaran iuran Payment contribution
tahun berjalan (44.625) (118.598) (163.223) from current year
Saldo kewajiban pada Balance liabilities
akhir tahun 61.274 1.287.837 1.349.111 at end of year
c. Mutasi nilai kini liabilitas imbalan kerja adalah c. The movements in the present value of liabilities
sebagai berikut: for employee benefits are as follows:
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 2.523.701 2.257.122 4.780.823 Beginning balance
Biaya jasa kini 25.566 198.408 223.974 Current service cost
Beban bunga 168.302 146.420 314.722 Interest cost
Biaya jasa lalu 13.372 1.171 14.543 Past service cost
Manfaat yang dibayarkan (203.718) (264.896) (468.614) Benefits paid
Kerugian/(keuntungan)
aktuaria 207.786 327.019 534.805 Actuarial loss/(gain)
Saldo pada akhir tahun 2.735.009 2.665.244 5.400.253 Balance at the end of year
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 2.446.131 2.098.070 4.544.201 Beginning balance
Biaya jasa kini 32.751 177.907 210.658 Current service cost
Beban bunga 162.884 139.044 301.928 Interest cost
Biaya jasa lalu 93.324 - 93.324 Past service cost
Manfaat yang dibayarkan (182.044) (202.096) (384.140) Benefits paid
Kerugian/(keuntungan)
aktuaria (29.345) 44.197 14.852 Actuarial loss/(gain)
Saldo pada akhir tahun 2.523.701 2.257.122 4.780.823 Balance at the end of year
240
Page 876
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
Penghargaan masa kerja, program pesangon Gratuity for services, retirement severance program-
pensiun-selisih DPLK, masa persiapan pensiun dan difference from DPLK, retirement preparation period
program kesejahteraan dicantumkan dalam and welfare program are included in other benefits.
program lainnya.
d. Mutasi nilai wajar aset program adalah sebagai d. The movements in the fair value of plan assets
berikut: are as follows:
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 2.462.429 1.082.444 3.544.873 Beginning balance
Hasil pengembangan aset
program 335.894 25.102 360.996 Return on plan asset
Kontribusi Bank 28.990 21.974 50.964 Contributions by the Bank
Kontribusi pegawai 5.581 5.711 11.292 Employees contribution
Manfaat yang dibayarkan (203.718) (135.563) (339.281) Benefits paid
Saldo pada akhir tahun 2.629.176 999.668 3.628.844 Balance at the end of year
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 2.290.350 1.072.990 3.363.340 Beginning balance
Hasil pengembangan aset
program 303.018 86.285 389.303 Return on plan asset
Kontribusi Bank 44.625 26.688 71.313 Contributions by the Bank
Kontribusi pegawai 6.480 6.666 13.146 Employees contribution
Manfaat yang dibayarkan (182.044) (110.185) (292.229) Benefits paid
Saldo pada akhir tahun 2.462.429 1.082.444 3.544.873 Balance at the end of year
e. Pengukuran kembali (aset) liabilitas imbalan e. Remeasurement of net employee benefit
kerja neto: (asset) liabilities:
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 42.785 480.690 523.475 Beginning balance
Kerugian aktuaris 207.783 231.535 439.318 Actuary loss
Imbal hasil atas aset program (171.546) 46.117 (125.429) Return on plan assets
Change in effect of the
Perubahan atas dampak atas aset asset ceiling excluding
diluar bunga neto aset/liabilitas - (122.300) (122.300) net interest of asset/liabilities
Saldo pada akhir tahun 79.022 636.042 715.064 Balance at the end of year
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Saldo awal 222.024 469.752 691.776 Beginning balance
Kerugian aktuaris (29.345) 17.884 (11.461) Actuary loss
Imbal hasil atas aset program (149.894) (16.446) (166.340) Return on plan assets
Change in effect of the
Perubahan atas dampak atas aset asset ceiling excluding
diluar bunga neto aset/liabilitas - 9.500 9.500 net interest of asset/liabilities
Saldo pada akhir tahun 42.785 480.690 523.475 Balance at the end of year
241
Page 877
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
f. Portofolio investasi aset program yang f. The asset program’s investment portfolio is
ditempatkan dalam bentuk instrumen keuangan placed in the form of financial instruments
yang terdiri dari reksadana, efek beragunan including mutual funds, asset backed securities,
aset, surat berharga negara, obligasi, deposito government securities, bonds, time deposits
berjangka dan saham. and shares of stocks.
Status pendanaan imbalan kerja per Funding status of employee benefit as of
31 Desember 2025 dan 2024 disajikan sebagai December 31, 2025 and 2024, are as follow:
berikut:
31 Desember/December 31, 2025
Program
Program Pensiun/ Kesejahteraan/
Pension Plan Welfare Benefits Total
Nilai wajar aset dana Fair value of plan
(tidak diaudit) 2.629.176 999.668 3.628.844 assets (unaudited)
Nilai kini liabilitas manfaat Present value of funded defined
pasti yang didanai (2.735.009) (1.098.907) (3.833.916) benefit obligation
Selisih lebih (kurang) pendanaan (105.833) (99.239) (205.072) Funding surplus (deficit)
Selisih lebih pendanaan yang
tidak diakui - - - Asset adjustment
Kewajiban - neto (105.833) (99.239) (205.072) Liabilities - net
31 Desember/December 31, 2024
Program
Program Pensiun/ Kesejahteraan/
Pension Plan Welfare Benefits Total
Nilai wajar aset dana Fair value of plan
(tidak diaudit) 2.462.429 1.082.444 3.544.873 assets (unaudited)
Nilai kini liabilitas manfaat Present value of funded defined
pasti yang didanai (2.523.701) (969.284) (3.492.985) benefit obligation
Selisih lebih (kurang) pendanaan (61.272) 113.160 51.888 Funding surplus (deficit)
Selisih lebih pendanaan yang
tidak diakui - (113.160) (113.160) Asset adjustment
Kewajiban - neto (61.272) - (61.272) Liabilities - net
Per tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, there were
tidak ada selisih lebih aset kesejahteraan yang no recognition of surplus of Welfare Benefits
diakui di laporan posisi keuangan karena Plan assets in the statement of financial position
ketentuan untuk pengakuan aset dari selisih as the funding surplus did not meet the
lebih pendanaan yang disyaratkan dalam recognition criteria of assets under the
standar akuntansi tidak terpenuhi. accounting standards.
242
Page 878
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
g. Sensitivitas dari kewajiban imbalan kerja g. The sensitivity of employee benefit liability
(tidak diaudit) terhadap perubahan asumsi (unaudited) to the changes in actuarial
aktuaria sebagai berikut: assumptions is as follow:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tingkat diskonto Discount rate:
Kenaikan 1% (450.205) (367.005) Increase 1%
Penurunan 1% 531.754 431.519 Decrease 1%
Tingkat kenaikan gaji Salary increase rate:
Kenaikan 1% 283.555 220.317 Increase 1%
Penurunan 1% (246.313) (192.164) Decrease 1%
h. Analisis jatuh tempo yang diharapkan dari h. Expected maturity analysis of undiscounted
manfaat pensiun yang tidak terdiskonto adalah pension benefit is as follows: (unaudited)
sebagai berikut: (tidak diaudit)
31 Desember/December 31, 2025
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Sampai dengan 1 tahun 239.889 61.062 300.951 Up to 1 year
1 sampai 5 tahun 950.016 506.330 1.456.346 Between 1 to 5 years
5 sampai 10 tahun 1.036.655 447.988 1.484.643 Between 5 to 10 years
Total 2.226.560 1.015.380 3.241.940 Total
31 Desember/December 31, 2024
Program Pensiun/ Program Lainnya/
Pension Plan Other Benefits Total
Sampai dengan 1 tahun 214.409 353.126 567.535 Up to 1 year
1 sampai 5 tahun 941.945 996.234 1.938.179 Between 1 to 5 years
5 sampai 10 tahun 1.041.501 882.712 1.924.213 Between 5 to 10 years
Total 2.197.855 2.232.072 4.429.927 Total
i. Risiko i. Risk
Bank tereskpos beberapa risiko atas program The Bank is exposed to a number of risks
imbalan kerja antara lain: through its employee benefit plans as follows:
Risiko yang terekspos pada program iuran The exposed risks in defined contribution
pasti adalah hasil investasi dibawah tingkat plan is lower return on investment compared
diskonto. Akumulasi iuran aktual lebih kecil to assumption on discount rate. The
dari nilai yang diasumsikan sehingga accumulated actual contribution to be lower
mengakibatkan selisih pembayaran than its assumption resulted increase the
terhadap Undang-Undang difference in the amount of contribution
Ketenagakerjaan akan meningkat dan based on Labor Law, and will also increase
berdampak pada beban dan liabilitas yang the amount of the related expenses and
akan meningkat pula. liabilities.
Risiko yang terekspos pada program The exposed risks in defined benefit
manfaat pasti adalah adanya tingkat hasil pension plan is the lower return on
investasi dibawah asumsi discount rate dan investment compared to assumption on
kenaikan gaji aktual yang lebih besar dari discount rate and the increase in the actual
asumsi. Hal tersebut menimbulkan salary is higher than its assumption. These
peningkatan iuran yang dibayarkan kepada will cause an increase in contribution paid to
Dana Pensiun. Pension Fund.
243
Page 879
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. SEGMEN OPERASI 44. OPERATING SEGMENT
Informasi segmen usaha berdasarkan jenis usaha Segment information based on business type are as
adalah sebagai berikut: follows:
31 Desember/December 31, 2025
Penyesuaian
dan
eliminasi/
Adjustment
Konvensional/ Syariah/ Entitas Anak/ and Konsolidasi/
Conventional Sharia Total Subsidiaries elimination Consolidation
Pendapatan segmen 31.879.842 4.132.105 36.011.947 2.727.499 (2.398.578) 36.340.868 Segment income
Beban segmen (15.910.603) (2.118.945) (18.029.548) (1.304.727) 1.211.956 (18.122.319) Segment expenses
Pendapatan
Segmen - neto 15.969.239 2.013.160 17.982.399 1.422.772 (1.186.622) 18.218.549 Segment income - net
Pendapatan
Operasional lainnya 3.925.205 172.358 4.097.563 108.161 (97.752) 4.107.972 Other operating income
Penyisihan kerugian
penurunan nilai aset Provision for impairment
keuangan dan non- losses on financial assets
aset keuangan (5.731.988) (423.538) (6.155.526) (203.128) 179.985 (6.178.669) and non-financial assets
Pembalikan penyisihan Reversal for allowance for
Estimasi kerugian estimated losses from
Komitmen dan commitment &
Kontinjensi bersih 2.947 - 2.947 - - 2.947 contingencies
Beban operasional
lainnya (10.613.068) (1.053.953) (11.667.021) (794.964) 667.223 (11.794.762) Other operating expense
Laba operasional 3.552.335 708.027 4.260.362 532.841 (437.166) 4.356.037 Income from operations
Pendapatan (beban) Non-operating income
bukan operasional-neto 28.126 (218) 27.908 (141) (1.840) 25.927 (expenses) - net
Manfaat/(beban) pajak (863.379) - (863.379) (26.483) 9.052 (880.810) Tax benefit/(expense)
Laba tahun berjalan 2.717.082 707.811 3.424.891 506.217 (429.954) 3.501.154 Income for the year
Total aset 462.462.651 - 462.462.651 73.069.148 (7.738.379) 527.793.420 Total assets
Total liabilitas dan Total liabilities
dana syirkah and temporary
temporer 426.096.737 - 426.096.737 66.564.463 (1.078.073) 491.583.127 syirkah funds
31 Desember/December 31, 2024
Konvensional/ Syariah/ Eliminasi/
Conventional Sharia Elimination Total
Pendapatan segmen 25.472.625 4.068.967 - 29.541.592 Segment income
Beban segmen (16.113.935) (1.935.005) - (18.048.940) Segment expenses
Pendapatan segmen - neto 9.358.690 2.133.962 - 11.492.652 Segment Income - net
Pendapatan operasional
lainnya 4.760.640 151.115 (335.836) 4.575.919 Other operating income
Penyisihan kerugian penurunan Provision for impairment
nilai aset keuangan dan losses on financial assets
non-aset keuangan (1.853.801) (127.694) - (1.981.495) and non-financial assets
Pembalikkan penyisihan Reversal for allowance for
estimasi kerugian estimated losses from
komitmen dan commitment &
kontijensi bersih 195 - 195 contingencies
Beban operasional lainnya (9.313.293) (1.285.101) 335.836 (10.262.558) Other operating expenses
Laba operasional 2.952.431 872.282 - 3.824.713 Income from operations
Pendapatan (beban) bukan Non-operating income
operasional - neto (51.993) 121 - (51.872) (expenses) - net
Beban pajak (765.513) - - (765.513) Tax expense
Laba tahun berjalan 2.134.925 872.403 - 3.007.328 Income for the year
Total aset 416.184.631 60.560.957 (7.131.086) 469.614.502 Total assets
Total liabilitas dan dana syirkah Total liabilities and
temporer 384.480.961 59.692.738 (7.131.086) 437.042.613 temporary syirkah fund
244
Page 880
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. JAMINAN PEMERINTAH TERHADAP 45. GOVERNMENT GUARANTEES ON THE
KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
Berdasarkan Keputusan Presiden Republik Based on Decision No. 15 year 2004 of the
Indonesia No. 15 tahun 2004 tentang pengakhiran President of the Republic of Indonesia regarding the
tugas dan pembubaran BPPN, dinyatakan dalam termination of the role and winding-up of IBRA,
pasal 8 bahwa dengan diakhirinya tugas dan stated on article 8 that in relation with the task
dibubarkannya BPPN, Program Penjaminan completion and dismissal of IBRA, the Government
Pemerintah terhadap kewajiban pembayaran bank Guarantee Program on the obligations of domestic
umum yang semula dilakukan oleh BPPN banks which was originally handled by IBRA based
berdasarkan Keputusan Presiden Republik on the Decisions of the President of the Republic of
Indonesia No. 26 tahun 1998 dan Keputusan Indonesia No. 26 year 1998 and No. 27 year 1998
Presiden Republik Indonesia No. 27 tahun 1998, would be handled by the Ministry of Finance,
selanjutnya dilaksanakan oleh Menteri Keuangan specifically by the Government Guarantee
melalui Unit Pelaksanaan Penjaminan Pemerintah Implementation Unit Pelaksanaan Penjaminan
(UP3) sebagaimana diatur oleh Keputusan Presiden Pemerintah (UP3) as provided in the Decision of the
Republik Indonesia No. 17 tahun 2004, yang diatur President of the Republic of Indonesia No. 17 year
lebih lanjut dengan Keputusan Menteri Keuangan 2004, which was further regulated by the Decision
No. 84/KMK.06/2004 tanggal 27 Februari 2004 No. 84/KMK.06/2004 dated February 27, 2004 of the
tentang Perubahan atas Keputusan Ministry of Finance regarding the Amendment of
Menteri Keuangan Republik Indonesia Decision No. 179/KMK.017/2000 of the Ministry of
No.179/KMK.017/2000 tentang Syarat, Tata cara Finance on the Terms, Implementation Guidelines,
dan Ketentuan Pelaksanaan Jaminan Pemerintah and Conditions of the Government Guarantees on
terhadap Kewajiban Pembayaran Bank Umum. the obligations of commercial banks.
Program Penjaminan Pemerintah melalui UP3 telah The Guarantee Program by the Government through
berakhir pada tanggal 22 September 2005, UP3 ended on September 22, 2005, as stated in
sebagaimana dinyatakan dalam Peraturan Menteri Regulation No. 68/PMK.05/2005 dated
Keuangan Republik Indonesia No. 68/PMK.05/2005 August 10, 2005 of the Ministry of Finance
tanggal 10 Agustus 2005 tentang Perhitungan Dan concerning the Calculation and Payments of
Pembayaran Premi Program Penjaminan Terhadap Premium on Guarantee Program from Commercial
Pembayaran Bank Umum untuk periode Banks for the period July 1 to September 21, 2005.
1 Juli sampai 21 September 2005. Sebagai The Government established the Deposit Insurance
pengganti UP3 Pemerintah telah membentuk Corporation (LPS), an independent agency, to
Lembaga Independen, yaitu Lembaga Penjamin replace UP3, based on Law No. 24 year 2004 dated
Simpanan (LPS) berdasarkan Undang-undang September 22, 2004 of the Republic of Indonesia
Republik Indonesia No. 24 tahun 2004 tanggal regarding the establishment Deposit Insurance
22 September 2004 tentang Lembaga Penjamin Corporation (LPS) to guarantee public funds
Simpanan dimana LPS menjamin dana masyarakat including funds from other banks in the form of
termasuk dana dari bank lain dalam bentuk giro, demand deposits, time deposits, certificates of
deposito, sertifikat deposito, tabungan dan/atau deposit, savings deposits and/or other equivalent
bentuk lainnya yang dipersamakan dengan itu. form.
Berdasarkan salinan Peraturan LPS Based on LPS regulation No. 1/PLPS/2006 dated
No. 1/PLPS/2006 tanggal 9 Maret 2006 tentang March 9, 2006 regarding “Government Guarantee
“Program Penjaminan Simpanan” diatur besarnya Program on Saving Account”, the balance of saving
saldo yang dijamin untuk setiap nasabah pada satu accounts guaranteed for each customer is at a
bank adalah paling tinggi sebesar Rp100 juta. maximum of Rp100 million.
Sesuai dengan Peraturan Pemerintah In accordance with Government Regulation
No. 66 Tahun 2008 tanggal 13 Oktober 2008 No. 66 of 2008, dated October 13, 2008 regarding
tentang “Besaran Nilai Simpanan yang Dijamin “The Amount of Public Savings Guaranteed by the
Lembaga Penjamin Simpanan” maka nilai simpanan Indonesia Deposit Insurance Corporation”, the total
setiap nasabah pada satu bank yang dijamin oleh amount of customers’ saving accounts in banks
Pemerintah naik menjadi sebesar Rp2 miliar dari which is guaranteed by the Government has
semula Rp100 juta, efektif sejak tanggal tersebut di increased to Rp2 billion, from the previous Rp100
atas. million, effective on the date stated above.
245
Page 881
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. JAMINAN PEMERINTAH TERHADAP 45. GOVERNMENT GUARANTEES ON THE
KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
(lanjutan) (continued)
Sesuai dengan Peraturan Pemerintah No. 66 Tahun In accordance with Government Regulation No. 66
2008 tanggal 13 Oktober 2008 tentang “Besaran of 2008, dated October 13, 2008 regarding “The
Nilai Simpanan yang Dijamin Lembaga Penjamin Amount of Public Savings Guaranteed by the
Simpanan” maka nilai simpanan setiap nasabah Indonesia Deposit Insurance Corporation”, the total
pada satu bank yang dijamin oleh Pemerintah naik amount of customers’ saving accounts in banks
menjadi sebesar Rp2 miliar dari semula Rp100 juta, which is guaranteed by the Government has
efektif sejak tanggal tersebut di atas. increased to Rp2 billion, from the previous Rp100
million, effective on the date stated above.
Suku bunga penjaminan LPS pada tanggal LPS interest rates guarantee as of
31 Desember 2025 dan 2024 masing-masing adalah December 31, 2025 and 2024, were 3.5% and
sebesar 3,5% dan 4,25% untuk simpanan dalam 4.25% for each deposits in Rupiah and 2% and
mata uang Rupiah, dan masing-masing sebesar 2% 2.25% for deposits in foreign currencies.
dan 2,25% untuk simpanan dalam mata uang asing.
Pada tanggal 31 Desember 2025 dan 2024, Bank The Bank paid a premium on the guarantee program
telah membayar premi program penjaminan masing- amounting to Rp749,077 and Rp729,685. of
masing sebesar Rp749.077 dan Rp729.685. December 31, 2025 and 2024, respectively.
Sesuai dengan Peraturan Pemerintah Republik In accordance with Government Regulation of the
Indonesia Nomor 34 Tahun 2023 tentang Besaran Republic of Indonesia Number 34 of 2023
Bagian Premi untuk Pendanaan Program concerning the Amount of Premium Portion for
Restrukturisasi Perbankan dan berdasarkan Funding the Banking Restructuring Program and
Peraturan LPS Nomor 1 tahun 2024 tentang Premi based on LPS Regulation Number 1 of 2024
Program Restrukturisasi Perbankan ”Setiap Bank concerning Banking Restructuring Program
yang melakukan kegiatan usaha di wilayah Negara Premiums "Every Bank conducting business
Republik Indonesia wajib membayar Premi PRP”. activities in the territory of the Republic of Indonesia
Untuk pertama kali efektif. Premi PRP untuk periode is required to pay PRP Premiums". For the first time
1 Januari sampai dengan 30 Juni 2025 dan 1 Juli effective. PRP Premiums for the period
2025 sampai dengan 31 Desember 2025 dibayarkan January 1, 2025 to June 30, 2025 and July 1, 2025
oleh bank kepada LPS paling lambat tanggal 31 to December 31, 2025 are paid by banks to LPS no
Januari dan 31 Juli 2025. later than January 31 and July 31, 2025,
respectively.
Premi PRP dihitung sendiri dan wajib dibayarkan PRP premiums are calculated independently and
dengan besaran presentase yang dihitung dari must be paid with a percentage amount calculated
kombinasi kelompok Bank berdasarkan jumlah aset from a combination of Bank groups based on the
dan Tingkat Risiko Bank yang dikalikan dengan number of assets and Bank Risk Level multiplied by
jumlah aset Bank. the number of Bank assets.
Kelompok Bank dan besaran persentase Premi PRP Bank Group and the percentage of PRP Premiums
sampai dengan 31 Desember 2025. Bank berada until December 31, 2025, the Bank is in Asset Group
pada Kelompok Aset - kelompok 5 dan Risiko - group 5 and Bank Risk - group 2.
Bank - kelompok 2.
Pada tanggal 31 Desember 2025, Bank telah On December 31, 2025, the Bank remitted the PRP
membayar premi PRP sebesar Rp52.203 untuk premium payments amounted to Rp52,203,
bulan Januari hingga Desember 2025. respectively. These payments cover the period from
January to December 2025.
246
Page 882
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada tahun into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: 2024:
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
Pemerintah Republik Indonesia (RI) Pemegang saham melalui Obligasi pemerintah, kredit yang diberikan dan
Kementerian Keuangan RI/ pembiayaan/piutang syariah, modal saham/
Shareholder through the Ministry of Government bonds, loans and sharia
Finance of the Republic of Indonesia financing/receivables, capital stock
PT Danantara Asset Management (Persero) Pemegang saham mayoritas/ Modal saham/capital stock
Majority Shareholder
PT Bank Mandiri (Persero) Tbk Dalam pengendalian yang sama Giro pada bank lain, penempatan pada Bank
melalui pemerintah pusat RI/ Under Indonesia dan bank Lain, Efek-efek,
common control through the Central liabilitas akseptasi, Pinjaman yang diterima dan
Government of the Republic of Surat Berharga yang Diterbitkan/Current
Indonesia accounts with other banks, Placement with Bank
Indonesia and Other Banks, Securities,
Acceptances Payable, Fund Borrowing and
Securities issued
PT Bank Negara Indonesia (Persero) Tbk Dalam pengendalian yang sama Giro pada bank lain, Penempatan pada Bank
melalui pemerintah pusat RI/ Under Indonesia dan Bank Lain, Efek-efek, Surat
common control through the Central Berharga yang Diterbitkan, Liabilitas Akseptasi/
Government of the Republic of Current accounts with other banks, Placement
Indonesia with Bank Indonesia and Other Banks,
Securities and Securities issued, Acceptances
Payable
PT Bank Rakyat Indonesia (Persero) Tbk Dalam pengendalian yang sama Giro pada bank lain, Penempatan pada Bank
melalui pemerintah pusat RI/ Under Indonesia dan Bank Lain, Efek-efek, dan Surat
common control through the Central Berharga yang Diterbitkan/ Current accounts
Government of the Republic of with other banks, Placement with Bank
Indonesia Indonesia and Other Banks, Securities and
Securities issued
PT Bank Syariah Indonesia Tbk Dalam pengendalian yang sama Giro pada bank lain, dan Penempatan pada
melalui pemerintah pusat RI/ Under Bank Indonesia dan Bank Lain/ Current
common control through the Central accounts with other banks, and Placement with
Government of the Republic of Bank Indonesia and Other Banks
Indonesia
PT Bank Mandiri Taspen Entitas Anak dari Badan Usaha Milik Simpanan bank lain, Efek-efek/deposit from
Negara (BUMN)/ Subsidiary of State other banks and securities
Owned Enterprise (SOE)
PT Bank Raya Tbk (dahulu PT Bank Rakyat Entitas Anak dari Badan Usaha Milik Penempatan pada Bank Indonesia dan Bank
Indonesia Agroniaga Tbk) Negara (BUMN)/ Subsidiary of State Lain, Simpanan dari Bank Lain dan Surat
Owned Enterprise (SOE) Berharga yang Diterbitkan/ Placement with
Bank Indonesia and Other Banks, Deposits from
Other Banks, Securities issued
Lembaga Pembiayaan Ekspor Indonesia Dalam pengendalian yang sama Penempatan pada Bank Indonesia dan Bank
melalui pemerintah pusat RI/ Under Lain, Efek-efek/Placement with Bank Indonesia
common control through the Central and Other Banks, Securities
Government of the Republic of
Indonesia
PT Hutama Karya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui pemerintah pusat RI/ Under syariah, Tagihan Akseptasi/Loans and sharia
common control through the Central financing/receivables, Acceptance Receivable
Government of the Republic of
Indonesia
247
Page 883
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: (lanjutan) 2024: (continued)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
Perum Perumnas Dalam pengendalian yang sama Efek-efek, dan Kredit yang diberikan dan
melalui Pemerintah Pusat RI/ Under pembiayaan/piutang syariah/Securities, and
common control through the Central Loans and sharia financing/receivables
Government of the Republic of
Indonesia
PT PP Properti Tbk Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Wijaya Karya Bangunan Gedung Tbk Entitas Anak dari Badan Usaha Milik Garansi yang diterbitkan/Guarantees issued
Negara (BUMN)/ Subsidiary of State
Owned Enterprise (SOE)
Perum Percetakan Negara Republik Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
Indonesia (Perum PNRI) melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT Danareksa Investment Management Entitas Anak dari Badan Usaha Milik Efek-efek dan surat berharga yang
Negara (BUMN)/ Subsidiary of State diterbitkan/Securities and securities issued
Owned Enterprise (SOE)
PT Adhi Karya (Persero) Tbk Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT Angkasa Pura II (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui pemerintah pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT Dok Dan Perkapalan Surabaya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT HK Realtindo Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Indah Karya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
248
Page 884
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the Bank
berelasi dengan Bank beserta sifat dari transaksi yang along with the nature of transactions entered into by the
dilakukan oleh Bank tersebut pada Bank during December 31, 2025 and 2024: (continued)
31 Desember 2025 dan 2024: (lanjutan)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
PT Jasamarga Bali Tol Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Mandiri Manajemen Investasi Entitas Anak dari Badan Usaha Milik Efek-Efek dan surat berharga yang
Negara (BUMN)/ Subsidiary of State Diterbitkan/Securities and Securities issued
Owned Enterprise (SOE)
PT Patra Jasa Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Permodalan Nasional Madani Entitas Anak dari Badan Usaha Milik Efek-Efek, Kredit yang diberikan dan
Negara (BUMN)/ Subsidiary of State pembiayaan/piutang syariah/Securities, Loans
Owned Enterprise (SOE) and sharia financing/receivables
PT Amarta Karya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT Perusahaan Pengelola Aset (Persero) Dalam pengendalian yang sama Efek-Efek dan kredit yang diberikan dan
melalui Pemerintah Pusat RI/ Under pembiayaan/piutang syariah/Securities and
common control through the Central loans and sharia financing/receivables
Government of the Republic of
Indonesia
PT Taspen (Persero) Dalam pengendalian yang sama Surat Berharga yang Diterbitkan/ Securities
melalui Pemerintah Pusat RI/ Under issued
common control through the Central
Government of the Republic of
Indonesia
PT Virama Karya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah dan garansi yang diterbitkan/Loans and
common control through the Central sharia finacing/receivables and guarantees
Government of the Republic of issued
Indonesia
PT Waskita Bumi Wira Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Waskita Karya Realty Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State Syariah/ Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT PPA Finance Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Waskita FIM Perkasa Realti Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Pertamina (persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah dan efek-efek/ Loans and sharia
common control through the Central financing/receivables and Securities
Government of the Republic of Indonesia
249
Page 885
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: (lanjutan) 2024: (continued)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
PT Yodya Karya (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah dan garansi yang diterbitkan/Loans and
common control through the Central sharia financing/receivables and guarantees
Government of the Republic of issued
Indonesia
PT Adhi Persada Properti Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Perumnas Jakabaring Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Perumnas Sentraland Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprice (SOE)
PT Perumnas TOD Tanjung Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Adhi Commuter Properti Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah dan tagihan lain-lain/Loans and sharia
Owned Enterprise (SOE) financing/receivables and other receivables
PT Angkasa Pura I (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah dan efek-efek/Loans and sharia
common control through the Central financing/receivables and securities
Government of the Republic of
Indonesia
PT Reasuransi Nasional Indonesia Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan /
Negara (BUMN)/ Subsidiary of State Securities issued
Owned Enterprise (SOE)
PT Tugu Reasuransi Indonesia Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan/
Negara (BUMN)/ Subsidiary of State Securities issued
Owned Enterprise (SOE)
PT Asuransi Kredit Indonesia Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan dan garansi
Negara (BUMN)/ Subsidiary of State yang diterbitkan/Securities issued and
Owned Enterprise (SOE) guarantees issued
PT Asuransi Jasa Indonesia Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan/ Securities
Negara (BUMN)/ Subsidiary of State issued
Owned Enterprise (SOE)
PT Asuransi Jasa Raharja Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan/ Securities
Negara (BUMN)/ Subsidiary of State issued
Owned Enterprise (SOE)
250
Page 886
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: (lanjutan) 2024: (continued)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
PT Perusahaan Listrik Negara (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan efek-efek/ Loans and
melalui Pemerintah Pusat RI/ Under sharia financing/receivables and securities
common control through the Central
Government of the Republic of
Indonesia
PT Nindya Karya (Persero) Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan Garansi yang
Negara (BUMN)/ Subsidiary of State diterbitkan/Loans and sharia
Owned Enterprise (SOE) financing/receivables and Guarantees issued
PT Centurion Perkasa Iman Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan garansi yang
Negara (BUMN)/ Subsidiary of State diterbitkan/Loans and sharia
Owned Enterprise (SOE) financing/receivables and guarantees issued
PT Energi Pelabuhan Indonesia Entitas Anak dari Badan Usaha Milik Garansi yang diterbitkan/
Negara (BUMN)/ Subsidiary of State Guarantees issued
Owned Enterprise (SOE)
Perum Jaminan Kredit Indonesia Dalam pengendalian yang sama Surat berharga yang diterbitkan/ Securities
melalui Pemerintah Pusat RI/ Under issued
common control through the Central
Government of the Republic of
Indonesia
PT Daya Mitra Telekomunikasi Entitas Anak dari Badan Usaha Milik Efek-efek/ Securities
Negara (BUMN)/ Subsidiary of State
Owned Enterprise (SOE)
PT Industri Kereta Api Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State Syariah /Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT AXA Mandiri Financial Services Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan/ Securities
Negara (BUMN)/ Subsidiary of State issued
Owned Enterprise (SOE)
PT Penjaminan Infrastruktur Indonesia (Persero) Dalam pengendalian yang sama Surat berharga yang diterbitkan/ Securities
melalui Pemerintah Pusat RI/ Under issued
common control through the Central
Government of the Republic of
Indonesia
PT Reasuransi Indonesia Utama (Persero) Dalam pengendalian yang sama Surat berharga yang diterbitkan/
melalui Pemerintah Pusat RI/ Under Securities issued
common control through the Central
Government of the Republic of
Indonesia
PT Tugu Pratama Indonesia Entitas Anak dari Badan Usaha Milik Surat berharga yang diterbitkan/ Securities
Negara (BUMN)/ Subsidiary of State issued
Owned Enterprise (SOE)
PT Sarana Multigriya Finance (Persero) Dalam pengendalian yang sama Efek-efek, pinjaman yang diterima dan pinjaman
melalui Pemerintah Pusat RI/ Under subordinasi dan efek-efek subordinasi/
common control through the Central Securities, fund borrowings and subordinated
Government of the Republic of loan and securities
Indonesia
PT PP Properti Jababeka Residence Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
251
Page 887
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada tahun into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: (lanjutan) 2024: (continued)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
PT Bahana Pembinaan Usaha Indonesia (Persero) Dalam pengendalian yang sama Efek - Efek/Securities
melalui Pemerintah Pusat RI/ Under Pendapatan dari penerimaan kredit yang
common control through the Central dihapus bukukan/Income from recovery of loans
Government of the Republic of written off
Indonesia
PT Pegadaian Entitas Anak dari Badan Usaha Milik Efek-Efek/Securities
Negara (BUMN)/ Subsidiary of State
Owned Enterprise (SOE)
PT BNI Asset Management Entitas Anak dari Badan Usaha Milik Surat Berharga yang diterbitkan dan efek-efek/
Negara (BUMN)/ Subsidiary of State Securities issued and securities
Owned Enterprise (SOE)
PT Waskita Karya (Persero) Tbk Dalam pengendalian yang sama Efek-efek/ Securities
melalui Pemerintah Pusat RI/ Under
common control through the Central
Government of the Republic of
Indonesia
Peruri Properti Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah dan garansi yang diterbitkan/Loans and
Owned Enterprise (SOE) sharia financing/receivables and
guarantees issued
PT BRI Manajemen Investasi Entitas Anak dari Badan Usaha Milik Efek-efek/Securities
Negara (BUMN)/ Subsidiary of State
Owned Enterprise (SOE)
PT Pos Indonesia (Persero) Entitas Anak dari Badan Usaha Milik Garansi yang diterbitkan/
Negara (BUMN)/ Subsidiary of State Guarantees issued
Owned Enterprise (SOE)
PT Telkom Satelit Indonesia Entitas Anak dari Badan Usaha Milik Garansi yang diterbitkan/
Negara (BUMN)/ Subsidiary of State Guarantees issued
Owned Enterprise (SOE)
Badan Pengelola Tabungan Perumahan Rakyat Dalam pengendalian yang sama Pinjaman dan efek-efek subordinasi/
melalui Pemerintah Pusat RI/ Under Subordinated loan and securities
common control through the Central
Government of the Republic of
Indonesia
PT PP Urban Entitas Anak dari Badan Usaha Milik Garansi yang diterbitkan, tagihan lain-lain, kredit
Negara (BUMN)/ Subsidiary of State yang diberikan dan pembiayaan/piutang
Owned Enterprise (SOE) syariah/Guarantees issued, other receivables,
loans and sharia financing/receivables
PT Aviasi Pariwisata Indonesia (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
252
Page 888
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties of the
berelasi dengan Bank beserta sifat dari transaksi Bank along with the nature of transactions entered
yang dilakukan oleh Bank tersebut pada into by the Bank during December 31, 2025 and
31 Desember 2025 dan 2024: (lanjutan) 2024: (continued)
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
PT PAL Indonesia (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah dan Garansi yang diterbitkan/Loans and
common control through the Central sharia financing/receivables and
Government of the Republic of Guarantees issued
Indonesia
PT Pengembangan Pariwisata Indonesia (Persero) Dalam pengendalian yang sama Kredit yang diberikan dan pembiayaan/piutang
melalui Pemerintah Pusat RI/ Under syariah/Loans and sharia financing/receivables
common control through the Central
Government of the Republic of
Indonesia
PT Wika Realty Entitas Anak dari Badan Usaha Milik Kredit yang diberikan dan pembiayaan/piutang
Negara (BUMN)/ Subsidiary of State syariah/Loans and sharia financing/receivables
Owned Enterprise (SOE)
PT Bahana TCW Investment Management Entitas Anak dari Badan Usaha Milik Efek-efek/Securities
Negara (BUMN)/ Subsidiary of State
Owned Enterprise (SOE)
Manajemen Kunci termasuk Direksi, Komisaris, Hubungan pengendalian kegiatan Kredit yang diberikan dan pembiayaan/piutang
Komite Audit, Kepala Divisi dan Kepala Cabang/Key perusahaan/ Control on company’s syariah, simpanan dari nasabah, dan dana
Management including Director, Commissioner, activities syirkah temporer/Loans and sharia
Audit Comittee, Head Division and Branch Manager financing/receivables, deposit from customers
and temporary syirkah fund
253
Page 889
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Transaksi dengan pihak berelasi karena a. Transactions with related parties due to
hubungan kepemilikan dengan pemerintah ownership relation with government of the
Republik Indonesia: Republic of Indonesia:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Aset Assets
Current accounts with
Giro pada bank lain (Catatan 6) 1.160.233 5.065.331 other banks (Note 6)
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain (Catatan 7) - 61 and other banks (Note 7)
Efek-efek (Catatan 8) 5.464.153 5.489.205 Securities (Note 8)
Obligasi pemerintah (Catatan 9) 38.106.638 35.475.529 Government bonds (Note 9)
Efek-Efek yang dibeli dengan Securities purchased under
janji dijual kembali (Catatan 10) 271.380 - agreement to resell (Note 10)
Kredit yang diberikan dan
pembiayaan/piutang syariah Loans and sharia financing/
(Catatan 11) 34.348.775 28.063.700 receivables (Note 11)
Tagihan akseptasi (Catatan 13) 154.462 433.708 Acceptance receivable (Note 13)
Tagihan lain-lain 269.797 418.004 Other Receivables
Total aset untuk pihak-pihak berelasi 79.775.438 74.945.538 Total assets to related parties
Cadangan kerugian penurunan Allowance for impairment losses
nilai dari pihak-pihak berelasi (1.517.864) (835.954) for related parties
Total dari aset pihak-pihak berelasi Total assets from related parties
- neto 78.257.574 74.109.584 - net
Persentase total aset pihak Percentage of total assets from
berelasi terhadap total aset 14,83% 15,78% related parties to total assets
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
(Catatan 20, 21, dan 22) 92.499.557 129.719.962 (Note 20, 21, and 22)
Liabilitas Akseptasi (Catatan 25) 406.421 690.475 Acceptance payable (Note 25)
Surat-surat berharga
yang diterbitkan (Catatan 26) 1.509.069 2.536.783 Securities issued (Note 26)
Pinjaman yang diterima (Catatan 27) 27.751.154 23.352.225 Fund borrowings (Note 27)
Efek efek yang dijual dengan janji Securities sell under agreement
dijual kembali (Catatan 24) - 963.042 to repurchased (Note 24)
Pinjaman subordinasi dan Subordinated loan
efek-efek subordinasi (Catatan 28) 3.696.275 1.500.000 and securities (Note 28)
Total liabilitas untuk pihak-
pihak berelasi 125.862.476 158.762.487 Total liabilities to related parties
Persentase total liabilitas pihak Percentage of total liabilities from
berelasi terhadap total liabilitas 27,38% 38,93% related parties to total liabilities
254
Page 890
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Transaksi dengan pihak berelasi karena a. Transactions with related parties due to
hubungan kepemilikan dengan pemerintah ownership relation with government of the
Republik Indonesia: (lanjutan) Republic of Indonesia: (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Dana Syirkah Temporer Temporary Syirkah Funds
Giro Mudharabah (Catatan 20) 749.717 11.985 Mudharabah current accounts (Note 20)
Tabungan Mudharabah (Catatan 21) 1.302.511 118.667 Mudharabah savings deposits (Note 21)
Deposito Mudharabah (Catatan 22) 4.948.916 6.845.833 Mudharabah time deposits (Note 22)
Total dana syirkah temporer Total temporary syirkah
untuk pihak-pihak berelasi 7.037.144 6.976.485 funds to related parties
Persentase total dana syirkah Percentage of total temporary syirkah
temporer berelasi terhadap funds related parties to total
dana syirkah temporer 22,09% 23,85% temporary syirkah funds
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pendapatan bunga dan Interest income and income
bagi hasil from profit sharing
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 202.062 191.171 and other banks
Efek-efek 170.007 431.876 Securities
Obligasi pemerintah 1.233.239 1.187.847 Government bonds
Kredit yang diberikan dan Loans and sharia financing/
pembiayaan/piutang syariah 547.450 1.875.653 receivables
Tagihan lain - lain 21.400 - Others
Total pendapatan bunga dan Total interest income and income
bagi hasil dari pihak - pihak from profit sharing from
berelasi 2.174.158 3.686.547 related parties
Persentase terhadap total Percentage to total interest
pendapatan bunga dan bagi income and income from
hasil 5,98% 12,48% profit sharing
255
Page 891
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Transaksi dengan pihak berelasi karena a. Transactions with related parties due to
hubungan kepemilikan dengan pemerintah ownership relation with government of the
Republik Indonesia: (lanjutan) Republic of Indonesia: (continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31. 2024
Beban bunga, bagi hasil Interest, profit sharing
dan bonus and bonus expenses
Simpanan dari nasabah 2.150.670 3.431.600 Deposits from customers
Simpanan dari bank lain 3.173 4.142 Deposits from other banks
Surat-surat berharga
yang diterbitkan 173.496 321.755 Securities issued
Pinjaman yang diterima 1.027.223 754.484 Fund borrowings
Efek- efek yang dijual Securities sold under
dengan janji dibeli Kembali 6.449 19.314 repurchase agreement
Pinjaman subordinasi dan Subordinated loan and
efek-efek subordinasi 122.139 286.327 securities
Giro Mudharabah 3.389 133 Mudharabah current accounts
Tabungan Mudharabah 37.817 973 Mudharabah savings deposits
Deposito Mudharabah 136.167 240.631 Mudharabah time deposits
Total beban bunga dan bonus Total interest and bonus expenses
dari pihak berelasi 3.660.523 5.059.359 from related parties
Persentase terhadap total Percentage to total interest, profit
beban bunga, bagi hasil dan bonus 20,20% 28,03% sharing and bonus expense
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Komitmen dan Kontinjensi pada Commitments and Contingencies
Rekening Administratif in Administrative Accounts
(Catatan 30) (Note 30)
Garansi yang diterbitkan 1.995.473 1.072.600
Irrevocable L/C yang masih Guarantees issued
Berjalan 187.436 52.513 Outstanding irrevocable LCs
Total komitmen dan kontinjensi Total commitments
pada rekening administratif and contingencies in
dari pihak berelasi 2.182.909 1.125.113 administrative accounts
Presentase terhadap total komitmen Percentage to total commitments and
dan kontinjensi pada rekening contingencies in administrative
administratif 33,39% 35,52% accounts
256
Page 892
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi dengan manajemen kunci b. Transactions with key management personnel
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Kredit yang diberikan dan piutang/ Loan and sharia
(Catatan 11) 98.339 83.781 financing/receivables (Note 11)
Cadangan kerugian penurunan Allowance for impairment losses
nilai dari pihak-pihak berelasi (13.290) (350) for related parties
Total dari aset pihak-pihak berelasi Total assets from related parties
- neto 85.049 83.431 - net
Persentase terhadap total aset 0,01% 0,02% Percentage to total assets
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
(Catatan 20, 21 dan 22) 115.359 44.387 (Note 20, 21 and 21)
Liabilitas imbalan kerja 282.437 271.959 Employee benefits liability
Total liabilities from key
Total liabilitas dari manajemen kunci 397.796 316.346 management personnel
Persentase terhadap total liabilitas 0,08% 0,08% Percentage to total liabilities
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Dana Syirkah Temporer Temporary Syirkah Funds
Tabungan Mudharabah Mudharabah savings deposits
(Catatan 21) 3.836 7.226 (Note 21)
Deposito Mudharabah Mudharabah time deposits
(Catatan 22) 9.689 11.575 (Note 22)
Total dana syirkah temporer Total temporary syirkah
untuk pihak-pihak berelasi 13.525 18.801 funds to related parties
Persentase total dana syirkah Percentage of total temporary syirkah
temporer berelasi terhadap funds related parties to total
dana syirkah temporer 0,04% 0,06% temporary syirkah funds
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Pendapatan bunga dan Interest income and income
bagi hasil from profit sharing
Kredit yang diberikan dan Loans and sharia financing/
pembiayaan/piutang syariah 22.910 5.149 receivables
Persentase terhadap total Percentage to total interest
pendapatan bunga dan bagi income and income from
hasil 0,12% 0,02% profit sharing
257
Page 893
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 46. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi dengan manajemen kunci (lanjutan) b. Transactions with key management personnel
(continued)
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Beban bunga. bagi hasil Interest. profit sharing
dan bonus and bonus expenses
Simpanan dari nasabah 2.546 1.010 Deposits from customers
Dana Syirkah 863 336 Mudharabah savings deposits
Total beban bunga. Total interest. profit
bagi hasil. dan bonus 3.409 1.346 sharing and bonus expense
Persentase terhadap total beban Percentage to total interest. profit
bunga. bagi hasil. dan bonus 0,02% 0,01% sharing and bonus expense
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Imbalan jangka pendek: Short-term employee benefits:
Direksi (Catatan 1h) 84.434 199.832 Board of directors (Note 1h)
Dewan komisaris (Catatan 1h) 26.284 76.260 Board of commissioners (Note 1h)
Karyawan kunci lain 218.150 265.859 Other key employees
Imbalan pasca kerja: Post-employee benefits:
Karyawan kunci lain 202.609 196.004 Other key employees
Imbalan jangka Panjang lainnya: Other long term benefits:
Karyawan kunci lain 79.828 75.955 Other key employees
Total 611.305 813.910 Total
Persentase terhadap total beban Percentage to total salaries
gaji dan tunjangan karyawan 12,21% 18,31% and employee benefits
258
Page 894
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO 47. RISK MANAGEMENT
Risiko Kredit Credit Risk
Risiko Kredit adalah risiko kerugian yang timbul Credit Risk is the risk of loss arising from the failure
akibat kegagalan pihak lain dalam memenuhi of another party to fulfill its obligations. This risk can
kewajibannya. Risiko ini dapat muncul dari arise from several factors, including: the failure of a
beberapa faktor, di antaranya: kegagalan debitur debtor to repay their debt, concentration of funding
dalam melunasi hutangnya, konsentrasi penyediaan (concentration risk), failure of a counterparty to meet
dana (concentration risk), kegagalan pihak lawan its obligations (counterparty credit risk), failure in the
dalam memenuhi kewajibannya (counterparty credit settlement process (settlement risk), and credit risk
risk), kegagalan dalam proses settlement associated with specific country factors (country
(settlement risk), dan risiko kredit yang berkaitan risk).
dengan faktor-faktor negara tertentu (country risk).
Risiko Kredit dapat bersumber dari berbagai Credit Risk can arise from various business
aktivitas bisnis Bank. Pemberian kredit merupakan activities of the Bank. Lending represents the largest
sumber Risiko Kredit yang terbesar. Selain kredit, source of Credit Risk. Besides loans, the Bank
Bank menghadapi Risiko Kredit dari berbagai encounters Credit Risk from various financial
instrumen keuangan seperti surat berharga, instruments such as securities, acceptances,
akseptasi, transaksi antar Bank, transaksi interbank transactions, trade finance transactions,
pembiayaan perdagangan, transaksi nilai tukar dan foreign exchange and derivatives transactions, as
derivatif serta kewajiban komitmen dan kontinjensi. well as commitment and contingency obligations.
Sebagai bagian dari pengelolaan risiko kredit, Bank As part of credit risk management, the Bank
secara teratur meninjau dan memperbarui Pedoman regularly reviews and updates the Credit and
Kebijakan Kredit dan Pembiayaan untuk kredit dan Financing Policy Guidelines for both credit and
pembiayaan sebagai bagian dari proses penilaian financing as part of the risk assessment process.
risiko. Eksposur Risiko Kredit dipantau sejak proses Credit Risk Exposure is monitored from the
pemberian kredit sampai dengan jatuh tempo kredit. issuance of credit through to its maturity. Credit risk
Pemantauan dan pengendalian risiko kredit di monitoring and control involve assessing credit risk
antaranya dengan mengevaluasi eksposur risiko exposure relative to credit risk limits (Risk Appetite
kredit terhadap limit risiko kredit (Risk Appetite and and Risk Tolerance).
Risk Tolerance).
Pengelolaan kredit Bank diarahkan untuk The Bank’s loan management is aimed to support
melakukan ekspansi kredit dan mengelola kualitas the loan expansion and to manage the quality of
setiap kredit sejak saat diberikan sampai dengan each loan from the time the loan was granted until
dilunasi oleh debitur dan untuk mencegah kredit the loan is fully repaid by the debtors and to prevent
tersebut menjadi kredit bermasalah (Non Performing the loan becoming a Non-Performing Loan (NPL).
Loan/NPL). Pengelolaan kredit yang efektif dapat Effective loan management is intended to minimize
meminimalkan kerugian dan mengoptimalkan the risk of losses and optimize the use of capital
penggunaan modal yang dialokasikan untuk risiko allocated for credit risk.
kredit.
Pada kredit konsumer, proses pengendalian risiko In consumer credit, credit risk management is
kredit dilakukan melalui sistem iLoan Konsumer carried out through the iLoan Consumer system,
yang dilengkapi dengan Credit Scoring Model which includes a Credit Scoring Model (CSM) and
(CSM) dan Decision Engine (DE) sebagai proses Decision Engine (DE) as an underwriting process
underwriting dan Early Warning System (EWS) and Early Warning System (EWS) for credit quality
sebagai proses pengelolaan debitur. Pengelolaan management. The management of retail debtors
debitur kredit konsumer Kol-2 dan NPL dilakukan classified as Kol-2 and NPL is handled by the
oleh Satuan Kerja Consumer Collection, Recovery & Consumer Collection, Recovery & Asset Sales.
Asset Sales.
259
Page 895
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Dalam rangka pengelolaan risiko kredit, Bank telah In managing credit risk, the Bank has implemented
mengimplementasikan Four Eyes Principle dengan the Four Eyes Principle by separating the credit risk
memisahkan fungsi risiko kredit dan unit bisnis. function from the business units. In commercial
Dalam pengambilan keputusan kredit untuk segmen credit decision-making, this involves the Wholesale
komersial melibatkan Wholesale Credit Risk Credit Risk Division (which includes Commercial
Division (mencakup Commercial Risk pada CBC Risk at CBC and SME Risk at SPU) as well as the
dan SME Risk pada SPU) serta Unit Bisnis sebagai Business Units as the Risk Taking Unit and first line.
Risk Taking Unit dan first line. Sedangkan dalam In consumer credit decision-making, this involves
pengambilan keputusan kredit untuk segmen the Retail Credit Risk Division (which includes Loan
konsumer melibatkan Retail Credit Risk Division Factory) as well as Branch Offices and Regional
(mencakup Loan Factory) serta Kantor Cabang Offices.
maupun Kantor Wilayah.
Bank sudah mengimplementasikan Commercial The Bank has implemented a Commercial Banking
Banking Center (CBC) dimana CBC berfungsi Center (CBC), which serves as the central hub for
sebagai sentralisasi pemrosesan kredit komersial. processing commercial credit. For decision-making
Terhadap proses pengambilan keputusan in commercial credit, the Bank has established a
pemberian kredit komersial, Bank juga melakukan credit committee through Credit Committee
pembentukan komite kredit melalui Rapat Komite Meetings. Additionally, a Monitoring Department
Kredit. Selain itu telah dibentuk Departemen has been set up within the Commercial Banking
Monitoring pada Commercial Banking Division yang Division to specifically oversee the credit exposure
khusus memonitor eksposur kredit debitur-debitur of major debtors (50 core debtors). The Bank has
besar (50 debitur inti) serta sudah also introduced the Intelligence Credit Monitoring
diimplementasikan Intelligence Credit Monitoring (iCremo) application, designed to monitor
(iCremo) yakni aplikasi untuk kredit komersial yang commercial credit across three pillars
berfungsi untuk melakukan proses monitoring kredit (Management, Business Prospects, and Collateral).
komersial mencakup tiga pilar (Manajemen, Furthermore, the Bank has developed several risk
Prospek Usaha dan Agunan). Bank melakukan management system models related to credit risk
beberapa pengembangan sistem model terkait management, including the Credit Scoring Model
pengelolaan risiko kredit seperti pada segment (CSM) for SME loans and the Early Warning System
kredit UMKM dikembangkan sistem Credit Scoring (EWS) for the SME, Commercial, and Corporate
Model (CSM) SME dan pada segment kredit UMKM, loan segments. Commercial debtors is managed by
Komersial dan Korporasi dikembangkan Early the Commercial Asset Management Unit.
Warning System (EWS). Pengelolaan debitur kredit
komersial dilakukan oleh Satuan Kerja Commercial
Asset Management.
Bank secara aktif melakukan Forum Portfolio Quality The Bank actively conducts the Portfolio Quality
Review (PQR) Kredit UMKM dan Komersial Review (PQR) Forum for SME and Commercial
bersama Direksi, Divisi, CBC, Kantor Cabang Loans together with the Board of Directors,
secara triwulan atau bila diminta sewaktu-waktu Divisions, Commercial Banking Centers (CBC), and
sebagai upaya memberikan gambaran terkini Branch Offices on a quarterly basis or as requested
mengenai posisi dan kualitas kredit baik secara from time to time. This is part of the Bank’s efforts to
bank-wide maupun per segmentasi kredit. provide updated insights on the position and quality
of the loan portfolio both on a bank-wide basis and
by credit segment.
260
Page 896
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Bank telah menerapkan Portfolio Guideline untuk The Bank has implemented the Portfolio Guideline
Kredit Wholesale mencakup SME dan saat ini for Wholesale Credit, including SME, and is
sedang dalam proses penetapan limit alokasi currently in the process of establishing the allocation
Portfolio Guideline 2026. Penerapan ini bertujuan limits for the 2026 Portfolio Guideline. This
mengendalikan risiko konsentrasi kredit melalui implementation aims to control credit concentration
diversifikasi portofolio yang terukur, dengan tetap risk through a measured portfolio diversification
menjunjung prinsip kehati-hatian dan tata kelola strategy, while upholding the principles of prudence
yang baik, serta selaras dengan hasil riset industri and good governance, and aligning with the results
prioritas, risiko ESG, dan analisis risiko sektor of priority industry research, ESG risks, and sector
industri. industry risk analysis.
Sebagai bagian dari implementasi Pilar 1 Basel II, As part of implementing Pillar 1 of Basel II, the Bank
Bank telah menerapkan pengukuran risiko kredit has implemented credit risk measurement using the
menggunakan Pendekatan Standar sesuai dengan Standardized Approach in accordance with SEOJK
SEOJK No. 24/SEOJK.03/2021 tanggal 7 Oktober No. 24/SEOJK.03/2021 dated October 7, 2021,
2021 mengenai Perhitungan Aset Tertimbang regarding the Calculation of Risk-Weighted Assets
Menurut Risiko (ATMR) untuk Risiko Kredit dengan (RWA) for Credit Risk using the Standardized
menggunakan Pendekatan Standar bagi Bank Approach for Commercial Banks, both individually
Umum, baik secara individu maupun konsolidasi. and on a consolidated basis.
(i) Analisa eksposur maksimum terhadap risiko (i) Analysis on maximum exposures against credit
kredit setelah memperhitungkan dampak risks considering the impact of collateral and
agunan dan mitigasi risiko kredit lainnya: other credit risks mitigation:
Nilai tercatat dari aset keuangan Bank selain The carrying value of the Bank’s financial
kredit yang diberikan menggambarkan assets other than loans represents its maximum
eksposur maksimum atas risiko kredit. exposure to credit risk.
Bank menetapkan jenis dan nilai agunan yang The Bank determined the type and value
dijaminkan sesuai skema kredit dan perkiraan of collateral according to the loan scheme
tingkat risiko kredit dari counterparty sebagai as well as estimated credit risk level from the
second way out yang ditetapkan. Jenis dari counterparty as a determined second way out.
agunan terdiri dari: The types of collateral are as follows:
261
Page 897
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(i) Analisa eksposur maksimum terhadap risiko (i) Analysis on maximum exposures against credit
kredit setelah memperhitungkan dampak risks considering the impact of collateral and
agunan dan mitigasi risiko kredit lainnya: other credit risks mitigation:
Nilai tercatat dari aset keuangan Bank selain The carrying value of the Bank’s financial
kredit yang diberikan menggambarkan assets other than loans represents its maximum
eksposur maksimum atas risiko kredit. exposure to credit risk.
Bank menetapkan jenis dan nilai agunan yang The Bank determined the type and value
dijaminkan sesuai skema kredit dan perkiraan of collateral according to the loan scheme
tingkat risiko kredit dari counterparty sebagai as well as estimated credit risk level from the
second way out yang ditetapkan. Jenis dari counterparty as a determined second way out.
agunan terdiri dari: The types of collateral are as follows:
a) Physical collateral, berupa tanah dan a) Physical collateral, such as land and
bangunan. buildings.
b) Financial collateral, berupa simpanan b) Financial collateral, such as third party
(tabungan, giro, dan deposito), surat funds (saving deposits, demand deposits,
berharga, dan lain-lain. and time deposits), securities, etc.
c) Lainnya berupa garansi, lembaga c) Others, such as guarantees, guarantee
penjamin, dan lain-lain. institution, etc.
Pemberian kredit yang dilaksanakan oleh Bank The loan granting conducted by the Bank is
diatur dalam kebijakan dan prosedur stipulated in the loan policy and procedure in
perkreditan dimana untuk setiap jenis atau which every loan type or scheme has minimum
skema kredit telah ditentukan agunan minimal determinable collaterals that should be fulfilled.
yang harus dipenuhi.
Untuk segmen kredit komersial yang umumnya For commercial loans segment which generally
merupakan kredit yasa griya, sesuai ketentuan represent yasa griya loan, according to the loan
perkreditan wajib dijamin oleh agunan yang policy has to be collateralized adequately. The
memadai. Agunan dapat berupa physical collaterals can be physical collateral, financial
collateral, financial collateral atau lainnya collateral or others such as accounts receivable
berupa tagihan usaha atau garansi. Untuk or guarantees. All collaterals particularly for
seluruh agunan khususnya physical collateral physical collateral will be assessed in which the
akan dilakukan retaksasi dimana nilai likuidasi collateral’s liquidation value will be used in
atas agunan tersebut yang akan dipergunakan determining the coverage ratio.
dalam menentukan kecukupan nilai agunan
(coverage ratio).
Selain aspek agunan untuk meminimalkan In addition to collateral aspect to minimize credit
risiko kredit, pemberian kredit oleh Bank selalu risk, the Bank consistently grants credit based
dilakukan berdasarkan evaluasi dan analisa on evaluation and feasibility analysis to ensure
kelayakan sehingga kemampuan the borrower's repayment capability (first way
pengembalian kredit (first way out) dapat out).
dipastikan.
Adanya keharusan bagi debitur untuk The necessity for debtors to comply with
memenuhi agunan yang dipersyaratkan, collaterals requirement, loan feasibility
evaluasi atas kelayakan kredit, pengikatan evaluation, notarial agreement and pre
kredit secara legal dan prosedur pre screening screening procedures will decrease the Bank’s
akan menurunkan eksposur risiko kredit Bank credit risk exposure to the acceptable level.
ke tingkat yang layak dan dapat diterima.
262
Page 898
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit credit risk exposure
a) Sektor geografis a) Geographical sectors
Tabel berikut menggambarkan rincian The following tables provide details of the
eksposur kredit Bank pada nilai tercatat, Bank’s credit exposures at their carrying
yang dikategorikan berdasarkan area amounts, as categorized by geographical
geografis pada tanggal 31 Desember 2025 region as of December 31,2025 and 2024.
dan 2024. Untuk tabel ini, Bank telah For these tables, the Bank has allocated
mengalokasikan eksposur area exposures to the regions based on the
berdasarkan wilayah geografis tempat geographical area where activities are
mereka beroperasi. undertaken.
31 Desember/December 31, 2025
Jawa selain
Jabodetabek/
Kantor Pusat/ Java other than Lain-lain/
Head Office Jabodetabek Jabodetabek Sumatera Others**) Total
Giro pada Current accounts with
Bank Indonesia 33.797.873 - - - - 33.797.873 Bank Indonesia
Giro pada bank lain 2.514.918 - 33 998 22 2.515.971 with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain 12.929.938 - - - - 12.929.938 other banks
Efek-efek 22.053.021 - - 22.053.021 Securities
Obligasi Pemerintah 38.106.638 - - - - 38.106.638 Government bonds
Tagihan akseptasi - 574.901 - - - 574.901 Acceptance receivable
Efek-efek yang dibeli dengan Securities purchased
Janji dijual kembali 1.683.840 - - - - 1.683.840 under agreement to resell
Tagihan derivatif - - - - - Derivative receivable
Kredit yang diberikan
dan piutang/pembiayaan Loans and sharia financing/
syariah receivables
Konsumer Consumer
Pemilikan rumah - 122.697.600 81.348.745 48.411.973 51.881.309 304.339.627 Housing loan
Non-kepemilikan rumah - 5.069.296 5.119.043 1.773.690 3.331.206 15.293.235 Non-housing loan
Modal kerja - 39.430.773 6.590.751 2.715.822 2.490.881 51.228.227 Working capital
Investasi - 14.142.657 1.797.660 773.764 481.416 17.195.497 Investment
Sindikasi - 9.295.242 - - 9.295.242 Syndicated
Direksi dan karyawan Director and Employees
- Pihak ketiga - 760.100 532.110 241.920 304.481 1.838.611 Third party -
- Pihak berelasi - 1.089.661 277.849 9.374 8.764 1.385.648 Related party -
Bunga yang masih
akan diterima 723.964 6.037.125 3.073.987 1.203.038 1.184.710 12.222.824 Interest receivable
Aset lain-lain*) 548.857 264.187 10.042 2.065 3.720 828.871 Other assets*)
Total kotor 112.359.078 199.361.542 98.750.220 55.132.644 59.686.510 525.289.994 Total gross
Cadangan kerugian Allowances for
penurunan nilai (15.316.462) impairment losses
Neto 509.973.532 Net
*) Terdiri atas tagihan kepada pihak ketiga *) Consists of third parties receivables
**) Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua. **) Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua.
263
Page 899
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Tabel berikut menggambarkan rincian The following tables provide details of the
eksposur kredit Bank pada nilai tercatat, Bank’s credit exposures at their carrying
yang dikategorikan berdasarkan area amounts, as categorized by geographical
geografis pada tanggal 31 Desember 2025 region as of December 31,2025 and 2024.
dan 2024. Untuk tabel ini, Bank telah For these tables, the Bank has allocated
mengalokasikan eksposur area exposures to the regions based on the
berdasarkan wilayah geografis tempat geographical area where activities are
mereka beroperasi. (lanjutan) undertaken. (continued)
31 Desember/December 31, 2024
Jawa selain
Jabodetabek/
Kantor Pusat/ Java other than Lain-lain/
Head Office Jabodetabek Jabodetabek Sumatera Others**) Total
Giro pada Current accounts with
Bank Indonesia 22.739.920 - - - - 22.739.920 Bank Indonesia
Current accounts
Giro pada bank lain 5.950.059 - 31 1.636 20 5.951.746 with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain 4.661.104 - - - - 4.661.104 other banks
Efek-efek 24.971.697 383.875 - 7.838 - 25.363.410 Securities
Obligasi Pemerintah 35.475.529 - - - - 35.475.529 Government bonds
Tagihan akseptasi - 941.898 - - - 941.898 Acceptance receivable
Efek-efek yang dibeli Securities purchased
Janji dijual kembali 175.625 - - - - 175.625 under agreement to resell
Tagihan derivatif 102.843 - - - - 102.843 Derivative receivable
Kredit yang diberikan
dan piutang/pembiayaan Loans and sharia financing/
syariah receivables
Konsumer Consumer
Pemilikan rumah - 116.464.607 73.058.790 44.058.405 46.349.214 279.931.016 Housing loan
Non-kepemilikan rumah - 4.637.889 4.708.817 1.836.661 3.340.846 14.524.213 Non-housing loan
Modal kerja - 24.174.581 7.438.085 2.653.174 2.462.040 36.727.880 Working capital
Investasi - 14.354.998 1.700.369 776.661 361.354 17.193.382 Investment
Sindikasi - 7.785.728 - - - 7.785.728 Syndicated
Direksi dan karyawan Director and Employees
- Pihak ketiga - 736.962 490.660 229.176 282.410 1.739.208 Third party -
- Pihak berelasi - 39.362 16.671 4.960 10.512 71.505 Related party -
Bunga yang masih
akan diterima 723.964 6.037.125 3.073.987 1.203.038 1.184.710 12.222.824 Interest receivable
Aset lain-lain*) 1.000.199 765.978 8.716 2.238 4.753 1.781.884 Other assets*)
Total kotor 95.684.220 175.876.989 90.435.884 50.713.260 53.975.112 466.685.465 Total gross
Cadangan kerugian Allowances for
penurunan nilai (13.062.532) impairment losses
Neto 453.622.933 Net
*) Terdiri atas tagihan kepada pihak ketiga *) Consists of third parties receivables
**) Lain-lain terdiri atas Kalimantan, Sulawesi, Bali, Maluku dan Papua. **) Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua.
264
Page 900
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Eksposur risiko kredit atas rekening Credit risk exposure related to
administratif pada tanggal-tanggal administrative accounts as of
31 Desember 2025 dan 2024 adalah December 31, 2025 and 2024 are as
sebagai berikut: follows:
31 Desember/December 31, 2025
Jawa selain
Jabodetabek/
Kantor Pusat/ Java other than Lain-lain/
Head Office Jabodetabek Jabodetabek Sumatera Others*) Total
Fasilitas kredit
yang belum ditarik **) - 13.321 168.586 5.527 18.994 206.428 Unused loan facilities**)
Garansi yang diterbitkan - 2.837.331 2.556.223 210.158 138.439 5.742.151 Guarantees issued
Irrevocable L/C Outstanding
Yang masih berjalan - 176.060 34.957 - - 211.017 irrevocable L/Cs
Total - 3.026.712 2.759.766 215.685 157.433 6.159.596 Total
31 Desember/December 31, 2024
Jawa selain
Jabodetabek/
Kantor Pusat/ Java other than Lain-lain/
Head Office Jabodetabek Jabodetabek Sumatera Others*) Total
Fasilitas kredit
yang belum ditarik **) - 30.170 43.227 11.408 1.379 86.184 Unused loan facilities**)
Garansi yang diterbitkan - 1.720.973 1.019.953 154.606 228.471 3.124.003 Guarantees issued
Irrevocable L/C Outstanding
Yang masih berjalan - 249.694 - - - 249.694 irrevocable L/Cs
Total - 2.000.837 1.063.180 166.014 229.850 3.459.881 Total
*) Lain-lain terdiri atas Kalimantan. Sulawesi. Bali. Maluku dan Papua *) Others consists of Kalimantan. Sulawesi. Bali. Maluku and Papua
**) Hanya fasilitas kredit committed yang belum ditarik **) Only for committed unused loan facility
265
Page 901
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
b) Sektor industri b) Industry sectors
Tabel berikut ini menggambarkan rincian The following tables provide the details of
eksposur kredit Bank pada nilai tercatat the Bank’s credit exposure at carrying
(tanpa memperhitungkan agunan atau amounts (without taking into account any
pendukung kredit lainnya), yang collateral held or other credit
dikategorikan berdasarkan sektor industri tenhancements), categorized based on
pada tanggal-tanggal 31 Desember 2025 industry sectors as of December 31, 2025
dan 2024: and 2024:
31 Desember/December 31, 2025
Pemerintah
(termasuk
Bank Lembaga
Indonesia)/ keuangan
Government bukan bank/ Perusahaan
(including Non-bank lainnya/
Bank Bank/ financial Other Perseorangan/
Indonesia) Banks institutions companies**) Individuals Total
Giro pada Current accounts with
Bank Indonesia 33.797.873 - - - - 33.797.873 Bank Indonesia
Current accounts
Giro pada bank lain - 2.515.971 - - - 2.515.971 with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain 12.929.938 - - - - 12.929.938 other banks
Efek-efek 15.298.405 325.602 2.356.337 4.072.677 - 22.053.021 Securities
Obligasi Pemerintah 38.106.638 - - - - 38.106.638 Government bonds
Efek-efek yang dibeli Securities purchased
Janji dijual kembali - 1.683.840 - - - 1.683.840 under agreement to resell
Tagihan Akseptasi - - - 574.901 - 574.901 Acceptance Receivable
Tagihan Derivatif - - - - - Derivative Receivable
Kredit yang diberikan
dan piutang/pembiayaan
Loans and sharia financing/
syariah 4.931.695 1.000.160 5.837.721 64.200.068 324.606.443 400.576.087 receivables
Bunga yang masih
akan diterima 764.762 3.703 25.641 1.744.599 9.684.119 12.222.824 Interest receivable
Aset lain-lain*) 62.612 11.066 58.400 652.219 44.603 828.900 Other assets*)
Total kotor 105.891.923 5.540.342 8.278.099 71.244.464 334.335.165 525.289.993 Total gross
Cadangan kerugian Allowances for
penurunan nilai (15.316.462) impairment losses
Neto 509.973.531 Net
*) Terdiri atas tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Termasuk perusahaan yang bergerak di industri perumahan, konstruksi, **) Includes other companies under real estate, construction, manufacturing,
manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, transportation, warehousing and communication, trading, farming, mining and
pertanian, pertambangan dan industri lainnya. other industries.
266
Page 902
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Tabel berikut ini menggambarkan rincian The following tables provide the details of
eksposur kredit Bank pada nilai tercatat the Bank’s credit exposure at carrying
(tanpa memperhitungkan agunan atau amounts (without taking into account any
pendukung kredit lainnya), yang collateral held or other credit
dikategorikan berdasarkan sektor industri enhancements), categorized based on
pada tanggal-tanggal 31 Desember 2025 industry sectors as of of December 31,
dan 2024: (lanjutan) 2025 and 2024: (continued)
31 Desember/December 31, 2024
Pemerintah
(termasuk
Bank Lembaga
Indonesia)/ keuangan
Government bukan bank/ Perusahaan
(including Non-bank lainnya/
Bank Bank/ financial Other Perseorangan/
Indonesia) Banks institutions companies**) Individuals Total
Giro pada Current accounts with
Bank Indonesia 22.739.920 - - - - 22.739.920 Bank Indonesia
Current accounts
Giro pada bank lain - 5.951.746 - - - 5.951.746 with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain 4.661.043 61 - - - 4.661.104 other banks
Efek-efek 18.899.989 78.102 1.884.017 4.501.302 - 25.363.410 Securities
Obligasi Pemerintah 35.475.529 - - - - 35.475.529 Government bonds
Efek-efek yang dibeli Securities purchased
Janji dijual kembali - 175.625 - - - 175.625 under agreement to resell
Tagihan Akseptasi - - - 941.898 - 941.898 Acceptance Receivable
Tagihan Derivatif - 102.843 - - - 102.843 Derivative Receivable
Kredit yang diberikan
dan piutang/pembiayaan Loans and sharia financing/
syariah 10.445.528 550.022 609.473 48.893.863 297.474.046 357.972.932 receivables
Bunga yang masih
akan diterima 731.559 1.894 4.059 1.661.468 9.119.594 11.518.574 Interest receivable
Aset lain-lain*) 194.296 2.383 73.893 1.230.420 280.892 1.781.884 Other assets*)
Total kotor 93.147.864 6.862.676 2.571.442 57.228.951 306.874.532 466.685.465 Total gross
Cadangan kerugian Allowances for
penurunan nilai (13.062.532) impairment losses
Neto 453.622.933 Net
*) Terdiri atas tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Termasuk perusahaan yang bergerak di industri perumahan, konstruksi, **) Includes other companies under real estate, construction, manufacturing,
manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, transportation, warehousing and communication, trading, farming, mining and
pertanian, pertambangan dan industri lainnya. other industries.
267
Page 903
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Eksposur risiko kredit yang terkait dengan Credit risk exposure relating to
unsur rekening administratif adalah administrative account items as of
sebagai berikut pada tanggal-tanggal December 31, 2025 and 2024. are as
31 Desember 2025 dan 2024: (lanjutan) follows: (continued)
31 Desember/December 31, 2025
Pemerintah
(termasuk
Bank Lembaga
Indonesia)/ keuangan
Government bukan bank/ Perusahaan
(including Non-bank lainnya/
Bank Bank/ financial Other Perseorangan/
Indonesia) Banks institutions companies*) Individuals Total
Fasilitas kredit
yang belum ditarik **) - - - 190.878 15.550 206.428 Unused loan facilities**)
Garansi yang diterbitkan - - - 5.740.911 1.240 5.742.151 Guarantees issued
Irrevocable L/C Outstanding
yang masih berjalan - - - 211.017 - 211.017 irrevocable L/Cs
Total - - - 6.142.806 16.790 6.159.596 Total
*) Termasuk perusahaan yang bergerak di industri perumahan, konstruksi, *) Includes other companies under real estate, construction, manufacturing,
manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, pertanian, transportation, warehousing and communication, trading, farming, mining and
pertambangan dan industri lainnya. other industries.
**) Hanya fasilitas kredit komitmen yang belum ditarik **) Only for committed unused loan facility
31 Desember/December 31, 2024
Pemerintah
(termasuk
Bank Lembaga
Indonesia)/ keuangan
Government bukan bank/ Perusahaan
(including Non-bank lainnya/
Bank Bank/ financial Other Perseorangan/
Indonesia) Banks institutions companies*) Individuals Total
Fasilitas kredit
yang belum ditarik **) - - - 54.766 31.418 86.184 Unused loan facilities**)
Garansi yang diterbitkan - - - 3.122.286 1.717 3.124.003 Guarantees issued
Irrevocable L/C Outstanding
yang masih berjalan - - - 249.694 - 249.694 irrevocable L/Cs
Total - - - 3.426.746 33.135 3.459.881 Total
*) Termasuk perusahaan yang bergerak di industri perumahan, konstruksi, *) Includes other companies under real estate, construction, manufacturing,
manufaktur, transportasi, pergudangan dan komunikasi, perdagangan, pertanian, transportation, warehousing and communication, trading, farming, mining and
pertambangan dan industri lainnya. other industries.
**) Hanya fasilitas kredit komitmen yang belum ditarik **) Only for committed unused loan facility
268
Page 904
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(iii) Informasi mengenai aset keuangan yang (iii) Information about impaired and not impaired
mengalami dan tidak mengalami penurunan financial assets
nilai
1. Giro pada Bank Lain 1. Current Accounts with Other Banks
Per 31 Desember 2025 dan 2024, giro As of December 31, 2025 and 2024,
pada bank lain mengalami penurunan nilai current account with other banks are
secara sesuai ketentuan dalam PSAK No. impaired calculated according to SFAS No.
109 sebesar masing-masing Rp2.050 dan 109 amounted to Rp2.050 and Rp2.571,
Rp2.571. respectively.
2. Penempatan pada Bank Indonesia dan 2. Placements with Bank Indonesia and other
bank lain. banks.
Per 31 Desember 2025 dan 2024, aset As of December 31, 2025 and 2024, these
keuangan ini tidak mengalami penurunan financial assets are not impaired
nilai secara individual maupun kolektif. individually as well as collectively.
3. Efek-efek 3. Securities
Per 31 Desember 2025 dan 2024, aset As of December 31, 2025 and 2024, these
keuangan ini tidak mengalami penurunan financial assets are not impaired
nilai secara individual maupun kolektif. individually as well as collectively.
4. Rekening administratif 4. Administrative account
Per 31 Desember 2025 dan 2024, rekening As of December 31, 2025 and 2024,
administratif mengalami penurunan nilai administrative account which are impaired
masing-masing sebesar Rp1.339 dan amounting to Rp1,339 and Rp3,385,
Rp3.385. respectively.
5. Efek-efek yang dibeli dengan janji dijual 5. Securities Purchased Under Agreement to
kembali Resell
Per 31 Desember 2025 dan 2024, efek- As of December 31, 2025 and 2024,
efek yang dibeli dengan janji dijual kembali securities purchased under agreement to
tidak mengalami penurunan nilai. resell are not impaired.
6. Tagihan Akseptasi 6. Acceptance Receivable
Per 31 Desember 2025 dan 2024, tagihan As of December 31, 2025 and 2024,
akseptasi tidak mengalami penurunan acceptance receivable are not impaired.
nilai.
7. Kredit yang diberikan dan pembiayaan/ 7. Loans and sharia financing/receivables
piutang syariah
Per 31 Desember 2025 dan 2024, aset As of December 31, 2025 and 2024, these
keuangan ini mengalami penurunan nilai financial assets are impaired calculated by
secara individual maupun kolektif sesuai individual and collective impairment
ketentuan dalam PSAK No. 109 dan according to SFAS No. 109 and Financial
Peraturan Otoritas Jasa Keuangan Service Authority Regulations (POJK).
(POJK).
269
Page 905
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(iv) Tabel di bawah menunjukkan kualitas aset (iv) The tables below shows the quality of financial
keuangan berdasarkan golongan aset untuk assets by class of assets for all financial assets
semua aset keuangan yang mempunyai risiko with credit risk (gross of allowance for
kredit (di luar cadangan kerugian penurunan impairment losses):
nilai bruto):
31 Desember/December 31, 2025
Belum jatuh tempo dan Jatuh tempo
tidak mengalami penurunan dan tidak
nilai/neither past due mengalami
nor impaired penurunan
nilai/ Mengalami
Tingkat Past due penurunan
Tingkat tinggi/ standar/ but not nilai/
High Grade**) Standard grade**) Impaired Impaired***) Total
Efek-efek Securities
Diukur pada nilai wajar Fair value through
melalui laporan laba rugi 15.641.912 - - - 15.641.912 profit -or-loss
Financial assets held at fair
Diukur pada nilai wajar melalui value through other
penghasilan komprehensif lain 2.461.187 100.000 - - 2.561.187 comprehensive income
Diukur pada biaya perolehan
amortisasi 3.849.922 - - - 3.849.922 Amortized cost
Obligasi pemerintah Government bonds
Diukur pada nilai wajar Fair value through
melalui laba rugi 3.084.585 - - - 3.084.585 profit -or-loss
Financial assets held at fair
Diukur pada nilai wajar melalui value through other
penghasilan komprehensif lain 23.038.781 - - - 23.038.781 comprehensive income
Diukur pada biaya perolehan
amortisasi 11.983.272 - - - 11.983.272 Amortized cost
Lain-lain Others
Current accounts with
Giro pada bank Indonesia 33.797.873 - - - 33.797.873 Bank Indonesia
Current accounts
Giro pada bank lain 2.515.971 - - 2.050 2.513.921 with other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 12.929.938 - - - 12.929.938 and other banks
Tagihan Akseptasi 574.901 - - - 574.901 Acceptance Receivable
Kredit yang diberikan
dan piutang/ Loans and sharia
pembiayaan syariah financing/ receivables
Konsumer Consumer
Pemilikan rumah 96.515.765 177.083.557 22.532.590 8.207.715 304.339.627 Housing loan
Non kepemilikan
rumah 1.152.305 12.861.133 796.543 483.254 15.293.235 Non-housing loan
Modal kerja 2.070.073 39.095.350 562.491 9.500.313 51.228.227 Working capital
Investasi 1.137.862 10.979.351 39.738 5.038.546 17.195.497 Investment
Sindikasi 2.022.765 7.272.477 - - 9.295.242 Syndicated
Direksi dan karyawan Directors and employees
- Pihak ketiga 823.420 1.001.806 6.845 6.540 1.838.611 Third parties -
- Pihak yang berelasi 1.349.855 35.793 - - 1.385.648 Related parties -
Bunga yang masih
akan diterima 12.222.824 - - - 12.222.824 Interests receivable
Aset lain-lain*) 828.871 - - - 828.871 Other assets*)
Total 228.002.082 248.429.467 23.938.207 23.238.418 523.604.074 Total
Cadangan kerugian Allowance for
nilai (15.316.462) impairment losses
Neto 508.296.506 Net
*) Terdiri atas tagihan kepada pihak ketiga *) Consists of third party receivables
**) Tidak diaudit **) Unaudited
***) Terdiri dari kolektibilitas 3, 4 dan 5 dan kredit yang ***) Consist of collectibility 3, 4, and 5 and credit with
cadangan kerugian penurunan nilainya dinilai allowance for impairment losses individually assessed,
secara individual, termasuk piutang/pembiayaan including sharia financing/receivables with day past
syariah dengan hari tunggakan diatas 270 hari due 270 days
270
Page 906
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(iv) Tabel di bawah menunjukkan kualitas aset (iv) The tables below shows the quality of financial
keuangan berdasarkan golongan aset untuk assets by class of assets for all financial assets
semua aset keuangan yang mempunyai risiko with credit risk (gross of allowance for
kredit (diluar cadangan kerugian penurunan impairment losses): (continued)
nilai bruto): (lanjutan)
31 Desember/December 31, 2024
Belum jatuh tempo dan Jatuh tempo
tidak mengalami penurunan dan tidak
nilai/neither past due mengalami
nor impaired penurunan
nilai/ Mengalami
Tingkat Past due penurunan
Tingkat tinggi/ standar/ but not nilai/
High Grade**) Standard grade**) Impaired Impaired***) Total
Efek-efek Securities
Diukur pada nilai wajar Fair value through
melalui laporan laba rugi 19.358.865 - - - 19.358.865 profit -or-loss
Financial assets held at fair
Diukur pada nilai wajar melalui value through other
penghasilan komprehensif lain 1.964.907 - - - 1.964.907 comprehensive income
Diukur pada biaya perolehan
amortisasi 4.038.851 - - 787 4.039.638 Amortized cost
Obligasi pemerintah Government bonds
Diukur pada nilai wajar Fair value through
melalui laba rugi 3.265.550 - - - 3.265.550 profit -or-loss
Financial assets held at fair
Diukur pada nilai wajar melalui value through other
penghasilan komprehensif lain 14.109.049 - - - 14.109.049 comprehensive income
Diukur pada biaya perolehan
amortisasi 18.100.930 - - - 18.100.930 Amortized cost
Lain-lain Others
Current accounts with
Giro pada bank Indonesia 22.739.920 - - - 22.739.920 Bank Indonesia
Current accounts
Giro pada bank lain 5.949.997 - - 1.749 5.951.746 with other banks
Penempatan pada Placements with
Bank Indonesia 4.661.104 - - - 4.661.104 Bank Indonesia
dan bank lain and other banks
Tagihan Akseptasi 941.898 - - - 941.898 Acceptance Receivable
Tagihan Derivatif 102.843 - - - 102.843 Derivative Receivable
Kredit yang diberikan
dan piutang/ Loans and sharia
pembiayaan syariah financing/ receivables
Konsumer Consumer
Pemilikan rumah 96.081.803 155.611.500 21.762.388 6.475.325 279.931.016 Housing loan
Non kepemilikan
rumah 1.365.214 11.964.101 720.988 473.910 14.524.213 Non-housing loan
Modal kerja 2.584.151 23.334.976 392.359 10.416.394 36.727.880 Working capital
Investasi 2.295.722 9.663.097 28.177 5.206.386 17.193.382 Investment
Sindikasi 2.034.573 5.751.155 - - 7.785.728 Syndicated
Direksi dan karyawan Directors and employees
- Pihak ketiga 951.300 771.457 5.497 10.954 1.739.208 Third parties -
- Pihak yang berelasi 42.233 29.272 - - 71.505 Related parties -
Bunga yang masih
akan diterima 11.518.574 - - - 11.518.574 Interests receivable
Aset lain-lain*) 1.781.884 - - - 1.781.884 Other assets*)
Total 213.889.368 207.125.558 22.909.409 22.585.505 466.509.840 Total
Cadangan kerugian Allowance for
nilai (13.062.532) impairment losses
Neto 453.447.308 Net
*) Terdiri atas tagihan kepada pihak ketiga *) Consists of third party receivables
**) Tidak diaudit **) Unaudited
***) Terdiri dari kolektibilitas 3, 4 dan 5 dan kredit yang ***) Consist of collectibility 3, 4, and 5 and credit with
cadangan kerugian penurunan nilainya dinilai allowance for impairment losses individually assessed,
secara individual, termasuk piutang/pembiayaan including sharia financing/receivables with day past
syariah dengan hari tunggakan diatas 270 hari due 270 days
271
Page 907
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(iv) Tabel di bawah menunjukkan kualitas aset (iv) The tables below shows the quality of financial
keuangan berdasarkan golongan aset untuk assets by class of assets for all financial assets
semua aset keuangan yang mempunyai risiko with credit risk (gross of allowance for
kredit (cadangan kerugian penurunan nilai impairment losses): (continued)
bruto): (lanjutan)
Kualitas kredit didefinisikan sebagai berikut: The credit quality is defined as follows:
Tingkat tinggi High grade
(a) Giro pada Bank Indonesia, giro pada bank (a) Current accounts with Bank Indonesia,
lain, penempatan pada Bank Indonesia current accounts with other banks,
dan bank lain yaitu giro atau penempatan placements with Bank Indonesia and other
pada institusi Pemerintah, transaksi banks are current accounts or placements
dengan bank yang memiliki reputasi baik with government institution, transaction
dengan tingkat kemungkinan gagal bayar with reputable banks with low probability of
atas kewajiban yang rendah. default for its liabilities.
(b) Kredit yang diberikan dan piutang/ (b) Loans and sharia financing/receivables,
pembiayaan syariah, bunga yang masih interests receivables and third party
akan diterima, dan tagihan kepada pihak receivables are receivables from
ketiga yaitu debitur dengan riwayat borrowers with very satisfactory track
pembayaran yang sangat baik dan tidak record of loan repayment and whose
pernah menunggak sepanjang jangka accounts did not turn past due during the
waktu kredit. term of the loan.
(c) Efek-efek dan obligasi pemerintah yaitu (c) Securities and government bonds are
efek-efek yang dikeluarkan oleh Sovereign securities issued by
Pemerintah RI, efek-efek dan obligasi government of RI, investment grade
yang termasuk dalam investment grade securities and bonds with a rating of at
dengan rating minimal BBB- (Pefindo) least BBB- (Pefindo) or Baa3 (Moody’s).
atau Baa3 (Moody’s).
Tingkat standar Standard grade
(a) Giro pada Bank Indonesia, giro pada bank (a) Current accounts with Bank Indonesia,
lain, penempatan pada Bank Indonesia current accounts with other banks,
dan bank lain yaitu giro atau penempatan placements with Bank Indonesia and other
pada bank lokal yang tidak terdaftar di banks are current accounts or placements
bursa. with the local banks not listed in the stock
exchange.
(b) Kredit yang diberikan dan piutang/ (b) Loans and sharia financing/receivables,
pembiayaan syariah, bunga yang masih interests receivables and third party
akan diterima, dan tagihan kepada pihak receivables are receivables from
ketiga yaitu debitur dengan riwayat borrowers who have an average track
pembayaran yang baik dan tidak pernah record of loan repayment and whose
menunggak 90 hari atau lebih. account did not turn past due for 90 days.
(c) Efek-efek dan obligasi Pemerintah yaitu (c) Securities and Government bonds with a
efek-efek dan obligasi dengan rating antara rating between idBB+ to idB (Pefindo) or
idBB+ sampai dengan idB (Pefindo) atau Ba1 to B2 (Moody’s).
Ba1 sampai dengan B2 (Moody’s).
272
Page 908
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(v) Analisis umur pinjaman yang jatuh tempo tetapi (v) The aging analysis of past due but not impaired
tidak mengalami penurunan nilai pada tanggal loans as of December 31, 2025 and 2024
31 Desember 2025 dan 2024, sebagai berikut: follows:
31 Desember/December 31, 2025
_
1 sampai 91 sampai 121 sampai 180 sampai
90 hari/ 120 hari/ 180 hari/ 270 hari/
1 to 90 days 91 to 120 days 121 to 180 days 180 to 270 days Total
Konsumer Consumer
Pemilikan rumah 19.020.929 524.344 1.426.185 1.561.132 22.532.590 Housing Loan
Non kepemilikan rumah 792.521 881 2.744 397 796.543 Non housing loan
Modal kerja 562.491 - - - 562.491 Working capital
Investasi 39.738 - - - 39.738 Investment
Direktur dan karyawan 6.845 - - - 6.845 Directors and employees
Total 20.422.524 525.225 1.428.929 1.561.529 23.938.207 Total
Cadangan kerugian Allowance for
nilai (2.838.644) impairment losses
Neto 21.099.563 Net
31 Desember/December 31, 2024
_
1 sampai 91 sampai 121 sampai 180 sampai
90 hari/ 120 hari/ 180 hari/ 270 hari/
1 to 90 days 91 to 120 days 121 to 180 days 180 to 270 days Total
Konsumer Consumer
Pemilikan rumah 18.743.567 519.457 1.262.031 1.237.333 21.762.388 Housing Loan
Non kepemilikan rumah 718.859 886 1.243 - 720.988 Non housing loan
Modal kerja 392.359 - - - 392.359 Working capital
Investasi 28.177 - - - 28.177 Investment
Direktur dan karyawan 5.497 - - - 5.497 Directors and employees
Total 19.888.459 520.343 1.263.274 1.237.333 22.909.409 Total
Cadangan kerugian Allowance for
nilai (2.059.095) impairment losses
Neto 20.850.314 Net
273
Page 909
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
(vi) Mutasi cadangan berdasarkan jenis kredit (vi) Movements in allowance for imparment losses
yang diberikan adalah sebagai berikut: by type of loans are as follows:
31 Desember/December 31, 2025
Konsumsi/Konsumer
Pemilikan Non-kepemilikan Modal Direksi dan
Rumah/ Rumah/ Kerja/ Karyawan/
Housing Non-Housing Working Investasi/ Sindikasi/ Directors and
Loan Loan Capital Investment Syndicated Employee Total
Saldo Awal 7.401.676 311.079 4.343.811 910.621 68.016 21.984 13.057.187 Beginning balance
Penyisihan kerugian Provision for
penurunan nilai impairment losses
selama tahun berjalan 4.458.622 201.448 1.202.449 316.481 (13.964) 16.945 6.181.981 during the year
Penerimaan kembali kredit
yang telah dihapus-bukukan 27.660 2.079 46.529 8.570 - - 84.838 Recovery of loans written-off
Penghapusbukuan kredit (2.368.993) (171.896) (1.390.991) (61.958) (15.932) (4.009.770) Loans written-off
Saldo akhir tahun 9.518.965 342.710 4.201.798 1.173.714 54.052 22.997 15.314.236 Balance at the end of year
Penurunan nilai individual 25.378 9.086 2.695.268 1.005.802 9 3.735.543 Individual impairment
Penurunan nilai kolektif 9.493.587 333.624 1.506.530 167.912 54.052 22.988 11.578.693 Collective impairment
Jumlah kotor kredit yang
secara individu ditentukan
sebagai mengalami penurunan Gross amount of loans
nilai sebelum dikurangi individually determined to
kerugian penurunan nilai be impaired. before deducting
atas penilaian secara any individually assessed
individual 29.500 1.047.608 7.466.416 4.776.019 - 9 13.319.552 impairment losses
31 Desember/December 31, 2024
Konsumsi/Konsumer
Pemilikan Non-kepemilikan Modal Direksi dan
Rumah/ Rumah/ Kerja/ Karyawan/
Housing Non-Housing Working Investasi/ Sindikasi/ Directors and
Loan Loan Capital Investment Syndicated Employee Total
Saldo Awal 6.910.527 280.331 6.767.137 1.575.398 22.373 36.198 15.591.964 Beginning balance
Penyisihan kerugian Provision for
penurunan nilai impairment losses
selama tahun berjalan 2.234.326 224.249 (1.140.566) (528.988) 45.643 12.853 847.517 during the year
Penerimaan kembali kredit
yang telah dihapus-bukukan 29.353 2.313 46.002 4.801 - - 82.469 Recovery of loans written-off
Penghapusbukuan kredit (1.772.530) (195.814) (1.328.762) (140.590) - (27.067) (3.464.763) Loans written-off
Saldo akhir tahun 7.401.676 311.079 4.343.811 910.621 68.016 21.984 13.057.187 Balance at the end of year
Penurunan nilai individual 47.476 2.657 2.911.270 647.044 - 10.254 3.618.701 Individual impairment
Penurunan nilai kolektif 7.354.200 308.422 1.432.541 263.577 68.016 11.730 9.438.486 Collective impairment
Jumlah kotor kredit yang
secara individu ditentukan
sebagai mengalami penurunan Gross amount of loans
nilai sebelum dikurangi individually determined to
kerugian penurunan nilai be impaired. before deducting
atas penilaian secara any individually assessed
individual 50.090 2.688 8.492.193 4.910.647 - 8.924 13.464.542 impairment losses
274
Page 910
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Likuiditas Liquidity Risk
Risiko Likuiditas merupakan risiko akibat Liquidity risk is the risk arising from the inability of
ketidakmampuan Bank untuk memenuhi kewajiban the Bank to meet the maturing obligations from cash
yang jatuh tempo dari sumber pendanaan arus kas flow funding sources and/or from high-quality liquid
dan/atau dari aset likuid berkualitas tinggi yang assets that can be pledged, without disturbing the
dapat diagunkan, tanpa mengganggu aktivitas dan activities and financial condition of the Bank. The
kondisi keuangan Bank. Ketidakmampuan inability to obtain funding for cash flows resulting to
memperoleh sumber pendanaan arus kas sehingga liquidity risk can be contributed, among others, by:
menimbulkan risiko likuiditas dapat disebabkan
antara lain oleh:
a. Ketidakmampuan menghasilkan arus kas yang a. Inability to generate cash flows from productive
berasal dari aset produktif maupun yang assets as well as from the sale of assets,
berasal dari penjualan aset termasuk aset including liquid assets; and/or
likuid; dan/atau
b. Ketidakmampuan menghasilkan arus kas yang b. Inability to generate cash flows from funding,
berasal dari penghimpunan dana, transaksi inter-bank transactions and fund borrowings.
antar Bank, dan pinjaman yang diterima.
Secara umum, tujuan utama manajemen risiko In general, the main objective of risk management
untuk risiko likuiditas adalah untuk meminimalkan for liquidity risk is to minimize the possibility of the
kemungkinan ketidakmampuan Bank dalam Bank's inability to obtain source of cash flow funding.
memperoleh sumber pendanaan arus kas. Dengan Thus, the Bank can meet some financial obligations
demikian Bank dapat memenuhi setiap kewajiban that have been agreed upon in a timely manner, and
finansial yang sudah diperjanjikan secara tepat to always be able to maintain adequate and optimal
waktu, dan agar senantiasa dapat memelihara levels of liquidity. Liquidity risk management policies
tingkat likuiditas yang memadai dan optimal. include the active supervision of the Board Of
Kebijakan pengelolaan risiko likuiditas antara lain Commisioners and Board Of Directors who basically
mencakup pengawasan aktif Dewan Komisaris dan set the implementation of the Bank's liquidity risk
Direksi, yang pada intinya mengatur penerapan management, policy, procedures and determination
Manajemen Risiko likuiditas pada Bank, Kebijakan, of limits, which generally includes the liquidity risk
Prosedur dan Penetapan Limit yang secara umum management strategy, level of risk to be taken (risk
mencakup strategi manajemen risiko likuiditas, appetite) and risk tolerance, and risk management
tingkat risiko yang akan diambil (risk appetite) dan process, information systems and internal control
toleransi risiko (risk tolerance) dan Sistem Informasi systems by implementing internal controls and
Manajemen Risiko serta Sistem Pengendalian adequate independent review of the risk
Internal dengan menerapkan pengendalian internal management implementation for liquidity risk which
dan kaji ulang independen yang memadai terhadap are being carried out by the Management and
penerapan Manajemen Risiko untuk Risiko likuiditas conducted by the Internal Audit Division (IAD) and
yang dilaksanakan oleh Internal Audit Division (IAD) Enterprise Risk Management Division (ERMD).
dan Enterprise Risk Management Division (ERMD).
275
Page 911
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Pengendalian risiko likuiditas melalui strategi Liquidity risk management is being carried out
pendanaan, pengelolaan posisi likuiditas dan through funding strategy, liquidity positions and
pemantauan risiko likuiditas harian, pengelolaan monitoring of daily liquidity, management of high
aset likuid yang berkualitas tinggi, dan rencana quality liquid assets, planning the emergency
pendanaan darurat serta penerapan sistem funding as well as implementation of a sound risk
informasi manajemen risiko secara wajar untuk management information system to support the
mendukung pelaksanaan proses identifikasi, process of identification, measurement, monitoring
pengukuran, pemantauan, dan pengendalian, serta and control, as well as reporting of liquidity risk under
pelaporan risiko likuiditas dalam kondisi normal dan normal and extreme conditions in a comprehensive,
kondisi krisis secara lengkap, akurat, terkini dan accurate, timely and sustainable manner.
berkesinambungan.
Alat pengukuran yang digunakan dalam pengukuran The tools used in the measurement of liquidity risk
Risiko Likuiditas antara lain adalah Rasio Likuiditas, among others are Liquidity Ratio, Maturity Profile,
Profil Maturitas, Proyeksi Arus Kas, dan Stress Cash Flow Projection, and Stress Testing (testing
Testing (pengujian terhadap kemampuan Bank the Bank's ability to meet liquidity needs on a state
untuk memenuhi kebutuhan likuiditas pada kondisi of crisis by using the specific stress scenarios on the
krisis dengan menggunakan skenario stress secara Bank as well as on the market factor).
spesifik pada Bank maupun skenario stress pada
faktor pasar).
276
Page 912
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo The tables below show the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of financial liabilities based on
pada arus kas yang tidak didiskonto (pokok dan undiscounted cashflows (principal and interest):
bunga):
31 Desember/December 31, 2025
>1-6 > 6 - 12
≤ 1 Bulan/ Bulan/ Bulan/ > 12 Bulan/
Total On demand Month Months Months Months
LIABILITAS LIABILITIES
Liabilitas segera*) 1.865.471 - 1.865.471 - - - Liabilities due immediately*)
Simpanan nasabah Deposits from customers
Deposito berjangka 202.704.695 - 86.260.893 114.867.373 1.552.366 24.063 Time deposits
Tabungan 36.932.333 36.932.333 - - - - Savings deposits
Giro 167.445.865 147.491.246 - - - 19.954.619 Demand deposits
Simpanan dari bank lain 96.481 96.481 - - - Deposits from other banks
Liabilitas akseptasi 574.901 - 574.901 - - - Acceptance payable
Liabiltias derivatif - - - - - Derivative Liabilities
Efek-efek yang dijual Securities Purchased under
Dengan janji dibeli Kembali 401.876 - 401.876 - - - Agreement to Resell
Surat berharga yang
diterbitkan 4.810.931 - 35.802 136.715 403.093 4.235.321 Securities issued
Pinjaman yang diterima 48.684.754 - 201.893 2.084.092 9.685.862 36.712.907 Fund borrowings
Bunga yang masih harus
dibayar 497.893 - 497.893 - - - Interest payables
Liabilitas lain-lain**) 310.923 - 310.923 - - - Other liabilities**)
Pinjaman Subordinasi dan Subordinated Loan and
Efek-efek subordinasi 6.950.380 - 30.883 154.415 1.677.082 5.088.000 and securities
Total 471.276.503 184.520.060 90.180.535 117.242.595 13.318.403 66.014.910 Total
31 Desember/December 31, 2024
>1-6 > 6 - 12
≤ 1 Bulan/ Bulan/ Bulan/ > 12 Bulan/
Total On demand Month Months Months Months
LIABILITAS LIABILITIES
Liabilitas segera*) 2.258.154 - 2.258.154 - - - Liabilities due immediately*)
Simpanan nasabah Deposits from customers
Deposito berjangka 154.945.003 - 75.218.809 78.557.079 1.148.552 20.563 Time deposits
Tabungan 39.222.081 39.222.081 - - - - Savings deposits
Giro 159.906.028 82.236.528 - - - 77.488.018 Demand deposits
Simpanan dari bank lain 70.035 70.035 - - - - Deposits from other banks
Liabilitas akseptasi 941.898 - 941.898 - - - Acceptance payable
Liabiltias derivatif - - - - - - Derivative Liabilities
Surat berharga yang
diterbitkan 6.169.672 - 56.873 775.969 2.546.485 2.790.345 Securities issued
Pinjaman yang diterima 50.269.914 - 131.032 4.703.048 9.176.495 36.259.339 Fund borrowings
Bunga yang masih harus
dibayar 658.070 - 658.070 - - - Interest payables
Liabilitas lain-lain**) 313.931 - 313.931 - - - Other liabilities**)
Pinjaman Subordinasi dan Subordinated Loan and
Efek-efek subordinasi 6.926.880 - 5.284.948 - - 1.641.932 and securities
Total 421.681.666 121.528.644 84.863.715 84.036.096 12.871.532 118.200.197 Total
*) Terdiri atas kewajiban kepada pihak ketiga, bagi hasil yang belum dibagikan, deposito *) Consists of third party payables, undistributed profit sharing, matured time
berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil deposits and interest on time deposits not collected by customers.
nasabah.
**) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak **) Consists of guarantee deposits and developers’ security deposits (liabilities
ketiga). to third party).
Risiko Pasar Market Risk
Risiko Pasar merupakan risiko pada laporan posisi Market risk is the risk on statement of financial
keuangan dan rekening administratif, akibat position and administrative accounts, due to
perubahan secara keseluruhan dari kondisi pasar. changes in overall market conditions.
277
Page 913
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Sesuai Surat Edaran Otoritas Jasa Keuangan In accordance with the Financial Services Authority
No.12/SEOJK.03/2018 tanggal 21 Agustus 2018 Circular No.12 /SEOJK.03/2018 dated in
tentang Penerapan Manajemen Risiko dan August 21, 2018 regarding the Implementation of
Pengukuran Risiko Pendekatan Standar, Bank Risk Management and Measurement of Risk in the
menggunakan perhitungan Standardized Method Standard Approach In measuring market risk, the
yang digunakan untuk menghitung Kewajiban Bank uses the Standardized Method in calculating
Penyediaan Modal Minimum (KPMM) untuk risiko minimum Capital Adequacy Ratio (CAR) for market
pasar. Risiko nilai tukar yang timbul dari fluktuasi risk. Exchange rate risk arises from fluctuations in
nilai tukar dikelola dengan cara menjaga Posisi exchange rates maintained by keeping the net open
Devisa Neto sesuai dengan peraturan Bank position in accordance with Bank Indonesia
Indonesia. Gejolak eksternal juga diakomodasi regulations. External shocks are also being
dengan dilakukan stress testing untuk melihat considered by stress testing, which is done to
sejauh mana Bank dapat bertahan dengan measure the extent to which the Bank can survive
beberapa skenario perubahan kondisi eksternal, some scenario changes in external conditions,
khususnya perubahan suku bunga pasar. particularly changes in market interest rates.
Termasuk di dalam risiko pasar adalah risiko Market risk includes the risk of price changes of
perubahan harga instrumen keuangan akibat financial instruments due to changes in market
perubahan faktor-faktor pasar, seperti perubahan factors, such as changes in interest rates and
suku bunga dan perubahan nilai tukar. exchange rates.
i. Risiko tingkat suku bunga i. Interest rate risk
Risiko tingkat bunga timbul dari adanya Interest rate risks arise from the possibility that
kemungkinan bahwa perubahan tingkat suku changes in interest rates will affect future cash
bunga akan mempengaruhi arus kas di masa flows from the fair values of financial instruments.
yang akan datang dari nilai wajar instrumen
keuangan.
Tabel di bawah ini menyajikan informasi The following table presents information on the
mengenai tingkat suku bunga rata-rata per tahun average annual interest rates for significant
untuk aset dan liabilitas keuangan yang penting financial assets and liabilities for the year ended
untuk tahun yang berakhir pada tanggal-tanggal December 31, 2025 and 2024:
31 Desember 2025 dan 2024:
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Mata Uang Mata Uang
Asing/ Asing/
Foreign Foreign
Aset Rupiah currencies Rupiah currencies Assets
Giro pada bank lain 0,32% 0,00% 0,78% 0,00% Current accounts with other Bank
Penempatan pada Bank Placements with Bank
Indonesia dan Indonesia and
bank lain 4,72% 4,17% 5,47% 5,27% other banks
Efek-efek 3,40% 3,75% 2,96% 4,12% Securities
Obligasi pemerintah Government bonds
Tingkat bunga tetap 5,91% 4,33% 5,87% 4,02% Fixed interest rate
Efek-efek yang dibeli Securities purchased under
dengan janji dijual kembali 4,76% 0,00% 6,18% 0,00% agreement to resell
Kredit yang diberikan dan Loans and sharia financing/
Piutang syariah 9,11% 5,52% 8,18% 6,43% receivables
Liabilitas Liabilities
Simpanan nasabah Deposits from customers
Giro 1,69% 5,70% 1,86% 6,13% Demand deposits
Tabungan 1,66% 0,47% 1,57% 0,27% Savings deposits
Deposito berjangka 5,83% 5,17% 6,17% 5,76% Time deposits
Simpanan dari Bank lain Deposits from other banks
Giro 0,78% 0,00% 0,95% 0,00% Demand deposits
Deposito Berjangka 0,00% 0,00% 5,02% 0,00% Time deposits
Inter-bank call money 4,97% 4,32% 6,20% 5,25% Inter-bank call money
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 5,25% 0,00% 6,24% 0,00% repurchase agreements
Surat berharga yang
yang diterbitkan 5,67% 0,00% 6,92% 0,00% Securities issued
Pinjaman yang diterima 4,99% 1,38% 5,16% 1,39% Fund borrowing
Pinjaman subordinasi dan Subordinated loan and
efek-efek Subordinasi 7,65% 0,00% 8,28% 4,20% securities
278
Page 914
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini mengikhtisarkan eksposur The tables below summarize the Bank’s exposure
Bank terhadap risiko tingkat suku bunga (gross): to interest rate risk (gross):
31 Desember/December 31, 2025
Suku bunga mengambang/Variable interest rate
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Tidak lebih More than 3 Lebih dari 1 Suku bunga dikenakan
dari 3 bulan/ months but tahun/ tetap/ bunga/syariah
Not more than less than 1 More than 1 Fixed Non-interest
3 months year year interest rate bearing/sharia Total
Aset Keuangan Financial Assets
Kas - - - - 2.154.839 2.154.839 Cash
Giro pada Bank Indonesia - - - 30.830.098 2.967.775 33.797.873 Current accounts with Bank Indonesia
Giro pada bank lain 2.515.779 - - - 192 2.515.971 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - - - 12.929.938 - 12.929.938 and other banks
Efek-efek - - 15.641.912 6.359.332 51.777 22.053.021 Securities
Obligasi pemerintah - - - 21.481.072 16.625.566 38.106.638 Government bonds
Tagihan Akseptasi - - - - 574.901 574.901 Acceptance Receivable
Efek-efek yang Dibeli dengan Securities Purchased under
Janji Dijual Kembali - - - 1.683.840 - 1.683.840 Agreement to Resell
Kredit yang diberikan dan piutang Loans and sharia financing/
/pembiayaan syariah 12.261.000 14.802.248 159.069.141 159.570.535 54.873.163 400.576.087 receivable
Penyertaan Saham - - - - 29 29 Equity Participation
Bunga yang masih akan diterima - - - - 12.222.824 12.222.824 Interest receivable
Aset lain-lain*) - - - - 828.871 828.871 Other assets*)
Total aset keuangan 14.776.779 14.802.248 174.711.053 232.854.815 90.299.937 527.444.832 Total financial assets
Liabilitas Keuangan Financial Liabilities
Liabilitas segera**) - - - - 1.865.471 1.865.471 Liabilities due immediately**)
Simpanan dari nasabah Deposits from customers
Giro 66.881.673 - - 75.416.589 25.147.603 167.445.865 Demand deposits
Tabungan 35.205.257 - - - 1.727.076 36.932.333 Savings deposits
Deposito berjangka - - - 201.121.533 - 201.121.533 Time deposits
Simpanan dari bank lain - - - 96.481 - 96.481 Deposits from other banks
Liabilitas akseptasi - - - - 574.901 574.901 Acceptance payable
Liabilitas derivatif - - - - - - Acceptance payable
Surat-surat berharga diterbitkan - - - 3.985.083 - 3.985.083 Securities issued
Efek-efek yang dijual dengan Securities sold under
Janji dibeli Kembali 349.076 - - - - 349.076 repurchase agreements
Pinjaman yang diterima - - - 37.991.851 - 37.991.851 Fund Borrowings
Bunga yang masih harus dibayar - - - - 497.893 497.893 Interest payables
Liabilitas lain-lain***) - - - - 310.923 310.923 Other liabilities***)
Pinjaman subordinasi dan Subordinated Loan and
Efek-efek subordinasi - - - 5.492.133 - 5.492.133 Securities
Total liabilitas keuangan 102.436 .006 - - 324.103.671 30.123.867 456.663.543 Total financial liabilities
Gap repricing
suku bunga-kotor (87.659.227) 14.802.248 174.711.053 (91.248.855) 60.176.070 70.781.289 Gross interest repricing gap
*) Terdiri dari tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Terdiri dari kewajiban kepada pihak ketiga. bagi hasil yang belum dibagikan. **) Consists of third party payables. undistributed profit sharing. matured time
deposito berjangka jatuh tempo dan bunga atas deposito berjangka namun belum deposits and interest on time deposits not collected by customers.
diambil nasabah.
***) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada ***) Consists of guarantee deposits and developers’ security deposits (liabilities to
pihak ketiga). third party).
279
Page 915
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini mengikhtisarkan eksposur The tables below summarize the Bank’s exposure
Bank terhadap risiko tingkat suku bunga (gross) to interest rate risk (gross) (continued):
(lanjutan):
31 Desember/December 31, 2024
Suku bunga mengambang/Variable interest rate
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Tidak lebih More than 3 Lebih dari 1 Suku bunga dikenakan
dari 3 bulan/ months but tahun/ tetap/ bunga/syariah
Not more than less than 1 More than 1 Fixed Non-interest
3 months year year interest rate bearing/sharia Total
Aset Keuangan Financial Assets
Kas - - - - 2.105.620 2.105.620 Cash
Giro pada Bank Indonesia - - - 18.413.686 4.326.234 22.739.920 Current accounts with Bank Indonesia
Giro pada bank lain 5.951.545 - - - 201 5.951.746 Current accounts with other banks
Penempatan pada Bank Indonesia - Placements with Bank Indonesia
dan bank lain - - - 2.851.104 1.810.000 4.661.104 and other banks
Efek-efek - - 3.580.141 1.262.479 20.520.790 25.363.410 Securities
Obligasi pemerintah - - - 25.408.237 10.067.293 35.475.530 Government bonds
Tagihan Akseptasi - - - - 941.898 941.898 Acceptance Receivable
Efek-efek yang Dibeli dengan Securities Purchased under
Janji Dijual Kembali - - - 175.625 - 175.625 Agreement to Resell
Tagihan Derivatif - - - - 102.843 102.843 Derivative receivabless
Kredit yang diberikan dan piutang Loans and sharia financing/
/pembiayaan syariah 5.645.341 9.111.795 149.632.739 149.690.230 43.892.827 357.972.932 receivable
Bunga yang masih akan diterima - - - - 11.518.574 11.518.574 Interest receivable
Aset lain-lain*) - - - - 1.781.884 1.781.884 Other assets*)
Total aset keuangan 11.596.886 9.111.795 153.212.880 197.801.361 97.068.164 468.791.086 Total financial assets
Liabilitas Keuangan Financial Liabilities
Liabilitas segera**) - - - - 2.258.154 2.258.154 Liabilities due immediately**)
Simpanan dari nasabah Deposits from customers
Giro 63.535.244 - - 77.488.018 18.882.765 159.906.027 Demand deposits
Tabungan 37.700.149 - - - 1.521.932 39.222.081 Savings deposits
Deposito berjangka - - - 153.309.371 - 153.309.371 Time deposits
Simpanan dari bank lain - - - - 70.035 70.035 Deposits from other banks
Liabilitas akseptasi - - - - 941.898 941.898 Acceptance payable
Liabilitas derivatif - - - - - - Acceptance payable
Surat-surat berharga diterbitkan - - - 5.444.524 - 5.444.524 Securities issued
Pinjaman yang diterima - - - 33.485.084 - 33.485.084 Fund Borrowings
Bunga yang masih harus dibayar - - - - 658.070 658.070 Interest payables
Liabilitas lain-lain***) - - - - 313.931 313.931 Other liabilities***)
Pinjaman subordinasi dan Subordinated Loan and
Efek-efek subordinasi - - - 6.328.105 - 6.328.105 Securities
Total liabilitas keuangan 102.436.006 - - 324.103.670 29.673.868 456.213.544 Total financial liabilities
Gap repricing
suku bunga-kotor (89.638.507) 9.111.795 153.212.880 (78.253.741) 72.421.379 66.853.806 Gross interest repricing gap
*) Terdiri dari tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Terdiri dari kewajiban kepada pihak ketiga. bagi hasil yang belum dibagikan. **) Consists of third party payables. undistributed profit sharing. matured time
deposito berjangka jatuh tempo dan bunga atas deposito berjangka namun belum deposits and interest on time deposits not collected by customers.
diambil nasabah.
***) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada ***) Consists of guarantee deposits and developers’ security deposits (liabilities to
pihak ketiga). third party).
280
Page 916
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Analisis sensitivitas untuk beberapa faktor pasar Sensitivity analyses for several market factors
menunjukkan bagaimana laba atau rugi dan showing how profit or loss and equity could be
ekuitas dapat dipengaruhi oleh perubahan dari affected by changes in the relevant risk factor are
beberapa faktor risiko sesuai dengan tabel shown in the tables below. In general, sensitivity
dibawah ini. Secara umum, sensitivitas diestimasi is estimated by comparing an initial value to the
dengan membandingkan suatu nilai awal ke nilai value derived after a specified change in the
tertentu setelah perubahan tertentu dari faktor market factor, assuming all other variables are
pasar, dengan mengasumsikan seluruh variabel constant. The sensitivity of the statement of profit
lainnya tetap. Sensitivitas atas laporan laba rugi or loss and other comprehensive income is the
dan penghasilan komprehensif lain merupakan effect of the assumed changes in interest rates on
efek atas perubahan estimasi suku bunga atas the profit or loss for a period, based on the variable
laba rugi untuk suatu periode, berdasarkan nilai rate trading and non-trading financial assets and
suku bunga mengambang atas aset dan liabilitas liabilities held by the Bank as of December 31,
yang diperdagangkan dan tidak diperdagangkan 2025 and 2024. The sensitivity of equity is
yang dimiliki Bank pada tanggal-tanggal calculated by revaluing fixed interest rate fair
31 Desember 2025 dan 2024. Analisis sensitivitas value through other comprehensive income and
atas ekuitas dihitung dengan menilai kembali fair value to profit or loss financial assets as of
perubahan estimasi suku bunga tetap atas aset December 31, 2025 and 2024 for the effects of the
keuangan yang diukur pada nilai wajar melalui assumed changes in interest rates. The total
penghasilan komprehensif lain dan nilai wajar sensitivity of equity is based on the assumption
melalui laba rugi pada tanggal-tanggal that there are parallel shifts in the yield curve.
31 Desember 2025 dan 2024. Jumlah sensitivitas
atas ekuitas didasarkan pada asumsi bahwa
terdapat perubahan paralel dalam kurva imbal
hasil.
Tabel dibawah ini menunjukkan sensitivitas dari The tables below demonstrate the sensitivity of
laporan laba rugi dan penghasilan komprehensif the Bank’s statement of profit or loss and other
lain dan ekuitas Bank terhadap kemungkinan comprehensive income and equity to reasonably
perubahan wajar atas suku bunga untuk aset dan possible changes in interest rates for fixed rate
liabilitas keuangan dengan suku bunga tetap financial assets and liabilities (unaudited) as of
(tidak diaudit) pada tanggal-tanggal December 31, 2025, and 2024:
31 Desember 2025 dan 2024:
31 Desember/December 31, 2025
Dampak ke laporan
laba rugi komprehensif
sebelum pajak/
Impact to Dampak ke
Perubahan basis Statement of ekuitas/
poin/Change Comprehensive Impact to
in basis point Income before tax Equity
Rupiah +125 (185.789) (743.709) Rupiah
+50 (76.084) (303.471)
-50 77.759 311.766
-125 183.024 795.585
Dolar Amerika Serikat +125 (14.794) (539.251) United States Dollar
+50 (6.057) (228.691)
-50 6.026 247.981
-125 15.456 660.308
281
Page 917
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel dibawah ini menunjukkan sensitivitas dari The tables below demonstrate the sensitivity of
laporan laba rugi dan penghasilan komprehensif the Bank’s statement of profit or loss and other
lain dan ekuitas Bank terhadap kemungkinan comprehensive income and equity to reasonably
perubahan wajar atas suku bunga untuk aset dan possible changes in interest rates for fixed rate
liabilitas keuangan dengan suku bunga tetap financial assets and liabilities (unaudited) as of
(tidak diaudit) pada tanggal-tanggal December 31, 2025, and 2024: (continued)
31 Desember 2025 dan 2024: (lanjutan)
31 Desember/December 31, 2024
Dampak ke laporan
laba rugi komprehensif
sebelum pajak/
Impact to Dampak ke
Perubahan basis Statement of ekuitas/
poin/Change Comprehensive Impact to
in basis point Income before tax Equity
Rupiah +125 (261.744) (315.892) Rupiah
+50 (109.241) (129.741)
-50 108.854 133.279
-125 293.444 337.962
Dolar Amerika Serikat +125 (11.242) (509.350) United States Dollar
+50 (4.502) (216.369)
-50 4.509 235.193
-125 11.286 627.522
Tabel dibawah ini menunjukkan sensitivitas dari The tables below demonstrate the sensitivity of
laporan laba rugi terhadap kemungkinan profit or loss to reasonably possible changes in
perubahan suku bunga untuk aset dan liabilitas interest rates for variable rate financial assets and
keuangan dengan suku bunga variable (tidak liabilities (unaudited) as of December 31, 2025,
diaudit) pada tanggal-tanggal 31 Desember 2025 and 2024:
dan 2024:
31 Desember/December 31, 2025
Pengaruh ke
laporan laba rugi
komprehensif/
Perubahan Impact to
basis poin/ Statement of
Change in comprehensive
basis point income
Rupiah ±125 ±481.090 Rupiah
±50 ±192.442
282
Page 918
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel dibawah ini menunjukkan sensitivitas dari The tables below demonstrate the sensitivity of
laporan laba rugi terhadap kemungkinan profit or loss to reasonably possible changes in
perubahan suku bunga untuk aset dan liabilitas interest rates for variable rate financial assets and
keuangan dengan suku bunga variable (tidak liabilities (unaudited) as of December 31, 2025,
diaudit) pada tanggal-tanggal 31 Desember 2025 and 2024:
dan 2024:
31 Desember/December 31, 2024
Pengaruh ke
laporan laba rugi
komprehensif/
Perubahan Impact to
basis poin/ Statement of
Change in comprehensive
basis point income
Rupiah ±125 ±432.964 Rupiah
±50 ±173.186
ii. Risiko Nilai Tukar ii. Exchange rate risk
Risiko nilai tukar adalah kemungkinan kerugian Exchange rate risk is the probability of loss to
yang timbul dari perubahan kurs valuta asing. earnings arising from changes in foreign
Bank mengelola paparan terhadap pengaruh exchange rates. The Bank manages exposure to
fluktuasi nilai tukar dengan Posisi Devisa Neto effects of fluctuations in exchange rates with Net
sesuai dengan peraturan OJK (tidak diaudit). Open Position based on OJK regulations
(unaudited).
31 Desember/December 31, 2025
Perubahan
persentase
nilai tukar Pengaruh ke
mata uang laporan laba
asing/ rugi komprehensif/
Percentage Impact to
change in Statement of
foreign comprehensive
currency rate income
Dolar Amerika Serikat ±0.30% ±1.333 United States Dollar
±0.35% ±1.555
283
Page 919
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. MANAJEMEN RISIKO (lanjutan) 47. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
ii. Risiko Nilai Tukar (lanjutan) ii. Exchange rate risk (continued)
Risiko nilai tukar adalah kemungkinan kerugian Exchange rate risk is the probability of loss to
yang timbul dari perubahan kurs valuta asing. earnings arising from changes in foreign
Bank mengelola paparan terhadap pengaruh exchange rates. The Bank manages exposure to
fluktuasi nilai tukar dengan Posisi Devisa Neto effects of fluctuations in exchange rates with Net
sesuai dengan peraturan OJK (tidak diaudit): Open Position based on OJK regulations
(lanjutan) (unaudited): (continued)
31 Desember/December 31, 2024
Perubahan
persentase
nilai tukar Pengaruh ke
mata uang laporan laba
asing/ rugi komprehensif/
Percentage Impact to
change in Statement of
foreign comprehensive
currency rate income
Dolar Amerika Serikat ±0.30% ±4.804 United States Dollar
±0.35% ±5.604
Sensitivitas atas laporan laba rugi dan The sensitivity of the statement of profit or loss
penghasilan komprehensif lain merupakan and other comprehensive income is the estimated
dampak yang diestimasi atas perubahan yang effect of the assumed change in foreign currency
diasumsikan atas perubahan nilai tukar exchange rates on income, based on foreign
berdasarkan aset dan liabilitas keuangan dalam currency denominated assets and liabilities.
mata uang asing.
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and
2024, dampak atas perubahan nilai tukar mata 2024, the effect of fluctuations in exchange rates
uang lainnya seperti Pound Sterling Inggris, Euro of other currencies, such as British Pound
Eropa, Yen Jepang, Dolar Singapura, Dolar Sterling, European Euro, Japanese Yen,
Australia dan Dolar Hongkong tidak material. Singapore Dollar, Australian Dollar and
Hongkong Dollar, is not material.
284
Page 920
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. NILAI WAJAR ASET DAN LIABILITAS 48. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Tabel di bawah ini menyajikan perbandingan antara The table below summarizes the comparison
nilai tercatat dan nilai wajar dari semua aset dan between the carrying amounts and fair values of all
liabilitas keuangan. Nilai wajar yang diungkapkan financial assets and liabilities of the Bank. The fair
adalah berdasarkan informasi relevan yang tersedia values disclosed are based on relevant information
pada tanggal 31 Desember 2025 dan 2024, dan available as of December 31, 2025 and 2024, and
tidak diperbaharui untuk mencerminkan perubahan are not updated to reflect changes in market
dalam kondisi pasar yang telah terjadi setelah conditions which have occurred after these dates.
tanggal ini.
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Nilai Tercatat/ Nilai wajar/ Nilai Tercatat/ Nilai wajar/
Carrying Value Fair value Carrying Value Fair value
Aset Keuangan Financial Assets
Kas 2.154.839 2.154.839 2.105.620 2.105.620 Cash
Nilai wajar melalui Fair value through
laba rugi profit or loss
Efek-efek 15.641.912 15.641.912 19.358.865 19.358.865 Securities
Obligasi Pemerintah 3.084.585 3.084.585 3.265.550 3.265.550 Government bonds
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Efek-efek 2.561.187 2.561.187 1.964.907 1.964.907 Securities
Obligasi Pemerintah 23.038.781 23.038.781 14.109.049 14.109.049 Government bonds
Diukur pada biaya
perolehan amortisasi Amortized cost
Efek-efek 3.849.870 3.849.870 4.039.638 4.039.638 Securities
Obligasi pemerintah 11.983.272 11.983.272 18.100.930 18.100.930 Government bonds
Efek-efek yang Dibeli dengan Securities purchased under
Janji Dijual Kembali 1.683.840 1.683.840 175.625 175.625 agreement to resell
Tagihan Derivatif - - 102.843 102.843 Derivative receivable
Tagihan Akseptasi 574.777 574.777 941.898 941.898 Acceptance Receivable
Giro pada Bank Indonesia 33.797.873 33.797.873 22.739.920 22.739.920 Current accounts with Bank Indonesia
Giro pada bank lain 2.515.971 2.515.971 5.951.746 5.951.746 Current accounts with other Bank
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan Bank Lain 12.929.938 12.929.938 4.661.104 4.661.104 and other Banks
Kredit yang diberikan dan Loans and sharia financing/
Piutang Syariah receivables
Konsumsi Consumer
Pemilikan rumah 294.869.916 294.442.434 272.529.340 265.489.178 Housing loan
Non-kepemilikan Rumah 14.951.403 14.951.403 14.213.133 14.213.133 Non-housing loan
Modal kerja 46.917.137 46.917.137 32.384.070 32.384.070 Working capital
Investasi 16.021.990 16.021.990 16.282.762 16.282.762 Investment
Sindikasi 9.297.365 9.297.365 7.717.712 7.717.712 Syndicated
Direksi dan karyawan 3.201.262 3.201.262 1.788.728 1.788.728 Directors and employees
Bunga yang masih akan
diterima 12.222.824 12.222.824 11.518.574 11.518.574 Interest receivable
Aset lain-lain*) 828.871 828.871 1.781.884 1.781.884 Other assets*)
Total aset keuangan 512.127.613 511.700.131 455.733.898 448.693.736 Total financial assets
Liabilitas Keuangan Financial Liabilities
Nilai wajar melalui Fair value through
laba rugi profit or loss
Liabilitas segera**) 1.865.471 1.865.471 2.258.154 2.258.154 Current liabilities**)
Simpanan nasabah Deposits from customers
Giro 167.445.865 167.445.865 159.906.028 159.906.028 Demand deposits
Tabungan 36.932.333 36.932.333 39.222.081 39.222.081 Savings deposits
Deposito Berjangka 201.121.533 201.121.533 153.309.371 153.309.371 Time deposits
Simpanan dari Bank Lain Deposits from other banks
Giro 96.481 96.481 70.035 70.035 Demand deposits
Surat berharga yang
Diterbitkan 3.985.083 4.061.208 5.444.524 5.518.386 Securities issued
Liabilitas akseptasi 574.901 574.901 941.898 941.898 Acceptance Paybale
Pinjaman yang diterima 37.991.851 32.321.177 33.485.084 29.739.959 Fund Borrowings
Bunga yang masih harus dibayar 497.893 497.893 658.070 658.070 Interest payables
Liabilitas lain-lain***) 310.923 310.923 313.931 313.931 Other liabilities***)
Pinjaman Subordinasi dan Subordinated Loan
efek-efek subordinasi 5.492.133 6.199.185 6.328.105 6.322.658 and securities
Total liabilitas keuangan 456.314.467 451.426.970 401.937.281 398.260.571 Total financial liablities
*) Terdiri dari tagihan pihak ketiga. *) Consists of third party receivables.
**) Terdiri dari kewajiban kepada pihak ketiga. bagi hasil yang belum dibagikan. deposito **) Consists of third party payables. undistributed profit sharing. matured time deposits
berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil and interest on time deposits not collected by customers.
nasabah.
***) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak ***) Consists of guarantee deposits and developers’ security deposits (liabilities to third
ketiga). party).
285
Page 921
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. NILAI WAJAR ASET DAN LIABILITAS 48. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Tabel di bawah ini menyajikan instrumen keuangan The tables below show the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy used
yang digunakan Bank untuk menentukan dan by the Bank in determining and disclosing the fair
mengungkapkan nilai wajar dari instrumen value of financial instruments:
keuangan:
(i) Tingkat 1: harga kuotasian (tanpa penyesuaian) (i) Level 1: quoted prices (unadjusted) in active
di pasar aktif untuk aset atau liablitas yang markets for identical assets or liabilities which
identik yang dapat diakses pada tanggal are accessible at the measurement date;
pengukuran;
(ii) Tingkat 2: input selain harga kuotasian yang (ii) Level 2: inputs other than quoted prices
termasuk dalam level 1 yang dapat diobservasi included in level 1 that are observable for the
untuk aset dan liabilitas. baik secara langsung assets and liabilities. either directly or
atau tidak langsung; indirectly;
(iii) Tingkat 3: input yang tidak dapat diobservasi (iii) Level 3: inputs that are not observable for the
untuk aset dan liabilitas. assets and liabilities.
31 Desember/December 31, 2025
Nilai Wajar/ Tingkat/ Tingkat/ Tingkat/
Fair Value Level 1 Level 2 Level 3
Aset Keuangan Financial Assets
Nilai wajar melalui
laba rugi Fair value through profit or loss
Efek-efek 15.641.912 15.409.157 232.755 - Securities
Obligasi pemerintah 3.084.585 3.084.585 - - Government bonds
Total nilai wajar
laba rugi 18.726.497 18.493.742 232.755 - Total fair value through profit or loss
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Efek-efek 2.561.187 2.561.187 - - Securities
Obligasi pemerintah 23.038.781 23.038.781 - - Government bonds
Total Aset keuangan yang
diukur pada nilai wajar Total financial asset held at fair
melalui penghasilan value through other
komprehensif lain 25.599.968 25.599.968 - - comprehensive income
Diukur pada biaya
perolehan amortisasi Amortized cost
Efek-efek 3.849.922 50.000 - 3.799.922 Securities
Obligasi pemerintah 11.983.272 11.983.272 - - Government bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 1.683.840 - 1.683.840 - agreement to resell
Total diukur pada biaya
perolehan amortisasi 17.517.034 12.033.272 1.683.840 3.799.922 Total Amortized cost
Tagihan Derivatif - - - - Derivative Receivable
Kredit yang diberikan piutang Loan and sharia
dan pembiayaan Syariah - Neto 385.261.851 - 376.677.842 8.584.009 financing receivables - Net
Liabilitas Keuangan Financial Liabilities
Liabilitas Derivatif Derivative payable
Surat berharga yang
diterbitkan 3.799.922 - 3.799.922 - Securities issued
Pinjaman yang diterima 37.991.851 - 37.991.851 - Fund borrowing
Pinjaman subordinasi Subordinated loan
dan efek-efek subordinasi 6.199.185 - 6.199.185 - and securities
286
Page 922
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. NILAI WAJAR ASET DAN LIABILITAS 48. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Tabel di bawah ini menyajikan instrumen keuangan The tables below show the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy used
yang digunakan Bank untuk menentukan dan by the Bank in determining and disclosing the fair
mengungkapkan nilai wajar dari instrumen value of financial instruments: (continued)
keuangan: (lanjutan)
31 Desember/December 31, 2024
Nilai Wajar/ Tingkat/ Tingkat/ Tingkat/
Fair Value Level 1 Level 2 Level 3
Aset Keuangan Financial Assets
Nilai wajar melalui
laba rugi Fair value through profit or loss
Efek-efek 19.358.865 18.899.989 458.876 - Securities
Obligasi pemerintah 3.265.550 3.265.550 - - Government bonds
Total nilai wajar
laba rugi 22.624.415 22.165.539 458.876 - Total fair value through profit or loss
Aset keuangan yang diukur pada Financial asset held at fair
nilai wajar melalui penghasilan value through other
komprehensif lain comprehensive income
Efek-efek 1.964.907 1.964.907 - - Securities
Obligasi pemerintah 14.109.949 14.109.949 - - Government bonds
Total Aset keuangan yang
diukur pada nilai wajar Total financial asset held at fair
melalui penghasilan value through other
komprehensif lain 16.074.856 16.074.856 - - comprehensive income
Diukur pada biaya
perolehan amortisasi Amortized cost
Efek-efek 4.039.638 50.000 - 3.989.638 Securities
Obligasi pemerintah 18.100.930 18.100.930 - - Government bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 175.625 - 175.625 - agreement to resell
Total diukur pada biaya
perolehan amortisasi 22.316.193 18.150.930 175.625 - Total Amortized cost
Tagihan Derivatif 102.843 - 102.843 - Derivative Receivable
Kredit yang diberikan dan piutang Loan and receivables
Kredit yang diberikan. piutang Loan and sharia
dan pembiayaan Syariah - neto 337.875.583 - 331.276.899 6.598.684 financing receivables - net
Liabilitas Keuangan Financial Liabilities
Liabilitas Derivatif - Derivative payable
Surat berharga yang
diterbitkan 5.518.386 - 5.518.386 - Securities issued
Pinjaman yang diterima 29.739.959 - 29.739.959 - Fund borrowing
Pinjaman subordinasi Subordinated loan
dan efek-efek subordinasi 6.322.658 - 6.322.658 - and securities
287
Page 923
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. NILAI WAJAR ASET DAN LIABILITAS 48. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Tabel di bawah ini menyajikan instrumen keuangan The tables below show the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy used
yang digunakan Bank untuk menentukan dan by the Bank in determining and disclosing the fair
mengungkapkan nilai wajar dari instrumen value of financial instruments: (continued)
keuangan: (lanjutan)
a. Nilai wajar aset dan kewajiban keuangan a. The fair values of certain financial assets and
tertentu. kecuali efek-efek dan Obligasi liabilities. except for securities and Government
Pemerintah yang dimiliki hingga jatuh tempo. Bonds classified as held to maturity. loans. fund
kredit yang diberikan. pinjaman yang diterima. borrowings. and marketable securities issued
dan surat berharga yang diterbitkan. mendekati approximate to their carrying values due to their
nilai tercatatnya karena mempunyai jangka short-term maturities.
waktu jatuh tempo yang singkat.
Estimasi nilai wajar terhadap aset keuangan The estimated fair values of certain financial
tertentu ditetapkan berdasarkan diskonto arus assets are determined based on discounted
kas dengan menggunakan suku bunga pasar cash flows using money market interest rates
uang yang berlaku untuk utang dengan risiko for debt instruments with similar credit risk and
kredit dan sisa jatuh tempo yang serupa. remaining maturities.
b. Kredit yang diberikan b. Loans
Portofolio kredit Bank secara umum terdiri dari Generally. the Bank’s loan portfolio consists of
kredit yang diberikan dengan suku bunga loans with variable interest rate and short-term
mengambang dan kredit yang diberikan dengan loans with fixed interest rate. Loans are stated
jangka pendek dengan suku bunga tetap. Kredit at amortized cost. The estimated fair value of
yang diberikan dinyatakan berdasarkan loans represents the discounted amount of
amortized cost. Nilai wajar dari kredit yang estimated future cash flows expected to be
diberikan menunjukkan nilai diskon dari received by the Bank using the current market
perkiraan arus kas masa depan yang rates.
diharapkan akan diterima oleh Bank dengan
menggunakan suku bunga pasar saat ini.
Nilai tercatat dari kredit yang diberikan dengan The carrying amounts of variable rate loans and
suku bunga mengambang dan nilai tercatat short-term fixed rate loans are the reasonable
atas kredit jangka pendek dengan suku bunga approximation of their fair values.
tetap adalah perkiraan yang layak atas nilai
wajar.
c. Efek-efek dan Obligasi pemerintah c. Securities and Government bonds
Nilai wajar untuk surat-surat berharga dan The fair values of amortized cost marketable
Obligasi pemerintah yang diukur pada biaya securities and Government bonds are based on
perolehan diamortisasi ditetapkan berdasarkan the market prices or broker/dealer price
harga pasar atau harga kuotasi perantara quotations. When this information is not
(broker)/pedagang efek (dealer). Jika informasi available, the fair value is estimated using
ini tidak tersedia, nilai wajar diestimasi dengan quoted market prices for securities with similar
menggunakan harga pasar kuotasi efek yang credit, maturity and yield characteristics or
memiliki karakteristik kredit, jatuh tempo dan using internal valuation model.
yield yang serupa atau dinilai dengan
menggunakan metode penilaian internal.
d. Surat-surat berharga yang diterbitkan. d. Securities issued. fund borrowings and
pinjaman yang diterima dan pinjaman subordinated loan and securities
subordinasi dan efek-efek subordinasi
Nilai wajar agregat berdasarkan model diskonto The aggregate fair values are based on
arus kas menggunakan tingkat suku bunga discounted cash flow model using current
pasar untuk sisa periode jatuh temponya. market rate for the remaining term to maturity.
288
Page 924
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
49. LABA PER SAHAM DASAR 49. BASIC EARNINGS PER SHARE
Rekonsiliasi faktor-faktor penentu perhitungan laba The reconciliation of the factors used in calculating
per saham dasar untuk tahun yang berakhir tanggal the basic earnings per share, for the year ended
31 Desember 2025 dan 2024 adalah sebagai December 31, 2025 and 2024 are as follows:
berikut:
31 Desember/
December 31, 2025
(i) Laba tahun berjalan 3.501.154 (a) Income for the year (i)
(ii) Rata-rata tertimbang Weighted average (ii)
saham biasa yang beredar 14.034 (b) number of shares outstanding
(iii) Laba per saham dasar 249 (a/b) Basic earnings per share (iii)
31 Desember/
December 31. 2024
(i) Laba tahun berjalan 3.007.328 (a) Income for the year (i)
(ii) Rata-rata tertimbang Weighted average (ii)
saham biasa yang beredar 14.034 (b) number of shares outstanding
(iii) Laba per saham dasar 214 (a/b) Basic earnings per share (iii)
Pada tanggal 31 Desember 2025 dan 2024, On December 31, 2025 and 2024, there were no
tidak terdapat opsi saham yang beredar, sehingga outstanding stock options; therefore, there are no
tidak ada saham dilusian yang perlu diperhitungkan. diluted shares to be considered.
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
CONTINGENCIES
a. Perjanjian Signifikan a. Significant Agreements
Pada tanggal 31 Desember 2025, Bank On December 31, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Mitra Niaga Madani
PT Mitra Niaga Madani sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCPS Services for Sharia sub-branch office Kelapa
Kelapa Gading dengan nilai kontrak sebesar Gading with a contract value of Rp3,520.
Rp3.520.
Pada tanggal 23 Desember 2025, Bank On December 23, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Metro Alam Selaras
PT Metro Alam Selaras sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi dan Services for sub-branch office Leuwiliangi with
Relokasi KCP Leuwiliangi dengan nilai kontrak a contract value of Rp2,590.
sebesar Rp2.590.
Pada tanggal 19 Desember 2025, Bank On December 19, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Jasun Putra Pandawa
PT Jasun Putra Pandawa sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCP Services for sub-branch office Unnes and
Unnes dan Digital Branch KC Semarang Digital Branch of Branch Office Semarang with
dengan nilai kontrak sebesar Rp2.475. a contract value of Rp2,475.
289
Page 925
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
CONTINGENCIES
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 15 Desember 2025, Bank On December 15, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding Banking SDI Synergy (Human
Sinergi Perbankan Bidang SDI (Human Capital) with a contract value of RpNil.
Capital) dengan nilai kontrak sebesar RpNihil.
Pada tanggal 15 Desember 2025, Bank On December 15, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding General Syariah Banking Synergy
Sinergi Layanan Syariah Bank Umum dengan with a contract value of RpNil.
nilai kontrak sebesar RpNihil.
Pada tanggal 15 Desember 2025, Bank On December 15, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding Business Ecosystem on BTN Group
Sinergi Aktivitas Pada Ekosistem Bisnis BTN Synergy with a contract value of RpNil.
Group dengan nilai kontrak sebesar RpNihil.
Pada tanggal 15 Desember 2025, Bank On December 15, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding Business Operation Synergy with a
Sinergi Aktivitas Operasional dengan nilai contract value of RpNil.
kontrak sebesar RpNihil.
Pada tanggal 28 November 2025, Bank On November 28, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Mitra Niaga Madani
PT Mitra Niaga Madani sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi Ruang Services for the Renovation of the DBSD
Kerja DBSD Lantai 28 Menara 2 BTN dengan Workspace 28th Floor Tower 2 BTN with a
nilai kontrak sebesar Rp2.730. contract value of Rp2,730.
Pada tanggal 28 November 2025, Bank On November 28, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Metro Alam Selaras
PT Metro Alam Selaras sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KC Services for Branch Office Menteng, with a
Menteng dengan nilai kontrak sebesar contract value of Rp3,295.
Rp3.295.
Pada tanggal 26 November 2025, Bank On November 26, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Casa Prima Indonesia
PT Casa Prima Indonesia sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCP Services for Sub-branch office Mendalo, with a
Mendalo dengan nilai kontrak sebesar contract value of Rp2,331.
Rp2.331.
Pada tanggal 26 November 2025, Bank On November 26, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Casa Prima Indonesia
PT Casa Prima Indonesia sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCP Services for Sub-branch office Selincah, with a
Selincah dengan nilai kontrak sebesar contract value of Rp2,690.
Rp2.690.
Pada tanggal 24 November 2025, Bank On November 24, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Taruna Bangun Bersama
PT Taruna Bangun Bersama sehubungan regarding Renovation Work Contractor
dengan Jasa Kontraktor Pekerjaan Renovasi Services for Sub-branch office Karangayu, with
KCP Karangayu dengan nilai kontrak sebesar a contract value of Rp2,700.
Rp2.700.
290
Page 926
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 14 November 2025, Bank On November 14, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Pembangunan Perumahan
PT Pembangunan Perumahan (Persero) Tbk (Persero) Tbk regarding Renovation Work
sehubungan dengan Jasa Kontraktor Contractor Services of Construction Sports
Pekerjaan Pembangunan Fasilitas Olahraga Facilities and a Food Court at the BTN Eco Park
serta Foodcourt di Kawasan BTN Eco Park Gandul Area, with a contract value of Rp16,300.
Gandul dengan nilai kontrak sebesar
Rp16.300.
Pada tanggal 21 November 2025, Bank On November 21, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Casa Prima Indonesia
PT Casa Prima Indonesia sehubungan dengan regarding Renovation and Relocation Work
Jasa Kontraktor Pekerjaan Renovasi Relokasi Contractor Services for Sharia Sub-branch
KCS Tangerang dengan nilai kontrak sebesar office Tangerang, with a contract value of
Rp8.340. Rp8,340.
Pada tanggal 24 Oktober 2025, Bank On October 24, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Binayasa Putrabatara
PT Binayasa Putrabatara sehubungan dengan regarding for the Procurement of Continuation
Pekerjaan Lanjutan Pembangunan Learning Work of Learning Center at Ciburial Land, Dago
Center di Lahan Ciburial, Dago Pakar, Pakar, Bandung, with a contract value of
Bandung dengan nilai kontrak sebesar Rp33,500.
Rp33.500.
Pada tanggal 20 Oktober 2025, Bank On October 20, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding Banking Office Building Utilization
Sinergi Perbankan Pemanfaatan Gedung Synergy.
Kantor.
Pada tanggal 15 Oktober 2025, Bank On October 15, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Bank Syariah Nasional
PT Bank Syariah Nasional sehubungan dengan regarding Synergy in the Provision of
Sinergi Penyediaan Jasa Teknologi Informasi Information Technology Services with a
dengan nilai kontrak sebesar Rp40.473. contract value of Rp40,473.
Pada tanggal 8 Oktober 2025, Bank On October 8, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Neocelindo Intibeton
PT Neocelindo Intibeton sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi Ruang Services for Director’s Workspace 22th Floor
Kerja Direksi Lantai 22 Menara BTN dengan Tower 2 BTN with a contract value of Rp10,380.
nilai kontrak sebesar Rp10.380.
Pada tanggal 6 Oktober 2025, Bank On October 6, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Binayasa Putrabatara
PT Binayasa Putrabatara sehubungan dengan regarding Renovation and Relayout Work
Jasa Kontraktor Pekerjaan Renovasi dan Contractor Services for Sharia Commercial
Relayout Ruang Kerja Bank Umum Syariah Bank (BUS) Workspaces at Tanah Abang, with
(BUS) di Tanah Abang dengan nilai kontrak a contract value of Rp9,300.
sebesar Rp9.300.
291
Page 927
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 1 Oktober 2025, Bank On October 1, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Binayasa Putrabatara
PT Binayasa Putrabatara sehubungan dengan regarding the Procurement of Continuation
Pekerjaan Lanjutan Pembangunan Gedung KC Work of Pematangsiantar Branch Office
Pematangsiantar dengan nilai kontrak sebesar Building, with a contract value of Rp8,180.
Rp8.180.
Pada tanggal 22 September 2025, Bank On September 22, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Gunnebo Indonesia
PT Gunnebo Indonesia Distribution Distribution regarding the Procurement of a Roll
sehubungan dengan Pengadaan Roll O Pack O Pack designated for the Medan Records
Peruntukan Records Center Medan dengan Center, with a contract value of Rp8,961.
nilai kontrak sebesar Rp8.961.
Pada tanggal 8 September 2025, Bank On September 8, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Kharismacipta Lugas
PT Kharismacipta Lugas sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCP Services for Sub-branch office Alam Sutra, with
Alam Sutera dengan nilai kontrak sebesar a contract value of Rp2,540.
Rp2.540.
Pada tanggal 8 September 2025, Bank On September 8, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Usaha Gedung Mandiri
PT Usaha Gedung Mandiri sehubungan regarding the Procurement of Continuation
dengan Pengadaan Pekerjaan Lanjutan Work for the Renovation and Relayout of Depok
Renovasi dan Relayout KC Depok dengan nilai Branch Office, with a contract value of Rp4,670.
kontrak sebesar Rp4.670.
Pada tanggal 8 September 2025, Bank On September 8, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Binayasa Putrabatara
PT Binayasa Putrabatara sehubungan dengan regarding the Renovation of the Sharia
Renovasi Ruang Kerja Bank Umum Syariah Commercial Bank (BUS) Workspaces at
(BUS) di Menara BTN dengan nilai kontrak Menara BTN, with a contract value of Rp13,975.
sebesar Rp13.975.
Pada tanggal 8 September 2025, Bank On September 8, 2025, the Bank signed an
mengadakan perjanjian dengan agreement with PT Kharismacipta Lugas
PT Kharismacipta Lugas sehubungan dengan regarding Renovation Work Contractor
Jasa Kontraktor Pekerjaan Renovasi KCP Services for Sub-branch office Hang Tuah, with
Hang Tuah dengan nilai kontrak sebesar a contract value of Rp2,550.
Rp2.550.
292
Page 928
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 2 September 2025, Bank On September 2, 2025, the Bank signed an
mengadakan perjanjian dengan PT Ciriajasa agreement with PT Ciriajasa Cipta Mandiri
Cipta Mandiri sehubungan dengan Jasa regarding for Construction Management
Konsultan Manajemen Konstruksi (MK) Consulting Services for Kendari Branch Office
Pekerjaan Pembangunan KC Kendari dan Building and Parepare Branch Office Building,
KC Parepare dengan nilai kontrak sebesar with a contract value of Rp4,655.
Rp4.655.
Pada tanggal 29 Agustus 2025, Bank On August 29, 2025, the Bank signed an
mengadakan perjanjian dengan PT Casa Prima agreement with PT Casa Prima Indonesia
Indonesia sehubungan dengan Jasa Kontraktor regarding Renovation Work Contractor Services
Pekerjaan Renovasi KCPS Binjai dengan nilai for Sharia Sub-branch office Binjai, with a
kontrak sebesar Rp2.325. contract value of Rp2,325.
Pada tanggal 29 Agustus 2025, Bank On August 29, 2025, the Bank signed an
mengadakan perjanjian dengan PT Casa Prima agreement with PT Casa Prima Indonesia
Indonesia sehubungan dengan Jasa Kontraktor regarding Renovation Work Contractor Services
Pekerjaan Renovasi KCPS Tenggarong for Sharia Sub-branch office Tenggarong, with a
dengan nilai kontrak sebesar Rp2.220. contract value of Rp2,220.
Pada tanggal 25 Agustus 2025, Bank On August 25, 2025, the Bank signed an
mengadakan perjanjian dengan PT Usaha agreement with PT Usaha Gedung Mandiri
Gedung Mandiri sehubungan dengan Jasa regarding Renovation Work Contractor Services
Kontraktor Pekerjaan Renovasi KC Jambi for Jambi Branch Office Building, with a contract
dengan nilai kontrak sebesar Rp9.395. value of Rp9,395.
Pada tanggal 11 Agustus 2025, Bank On August 11, 2025, the Bank signed an
mengadakan perjanjian dengan PT Usaha agreement with PT Usaha Gedung Mandiri
Gedung Mandiri sehubungan dengan Jasa regarding Renovation Work Contractor Services
Kontraktor Renovasi KCPS Bungo dengan nilai for Sharia Sub-branch office Bungo, with a
kontrak sebesar Rp2.438. contract value of Rp2,438
Pada tanggal 11 Agustus 2025, Bank On August 11, 2025, the Bank signed an
mengadakan perjanjian dengan PT Soludia agreement with PT Soludia regarding
sehubungan dengan Pengadaan Roll O Pack Procurement of a Roll O Pack for the BTN
Gedung Records Center BTN Ecopark Gandul Ecopark Gandul Records Center Building, with
dengan nilai kontrak sebesar Rp43.624. a contract value of Rp43,624.
Pada tanggal 6 Agustus 2025, Bank On August 6, 2025, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Jasa regarding Contractor Services for Replace The
Kontraktor Pergantian Chiller Menara BTN Chiller at Menara BTN, with a contract value of
dengan nilai kontrak sebesar Rp35.600. Rp35,600.
Pada tanggal 6 Agustus 2025, Bank On August 6, 2025, the Bank signed an
mengadakan perjanjian dengan PT Mitra Niaga agreement with PT Mitra Niaga Madani
Madani sehubungan dengan Jasa Kontraktor regarding Renovation Work Contractor
Pekerjaan Renovasi KCS Tanah Abang dengan Services for Sharia Sub-branch office Tanah
nilai kontrak sebesar Rp6.150. Abang, with a contract value of Rp6,150.
Pada tanggal 31 Juli 2025, Bank mengadakan On July 31, 2025, the Bank signed an
perjanjian dengan PT Nuanza Karya Selaras agreement with PT Nuanza Karya Selaras
sehubungan dengan Jasa Kontraktor Renovasi regarding Renovation Work Contractor
KCPS Batoh dengan nilai kontrak sebesar Services for Sharia Sub-branch office Batoh,
Rp2.254. with a contract value of Rp2,254.
293
Page 929
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 25 Juli 2025, Bank mengadakan On July 25, 2025, the Bank signed an
perjanjian dengan PT Mitra Niaga Madani agreement with PT Mitra Niaga Madani
sehubungan dengan Jasa Kontraktor regarding Renovation Work for Record Center
Pekerjaan Renovasi Records Center Medan Building in Medan, with a contract value of
dengan nilai kontrak sebesar Rp9.918. Rp9,918.
Pada tanggal 23 Juli 2025, Bank mengadakan On July 23, 2025, the Bank signed an
perjanjian dengan PT Kanta Karya Utama agreement with PT Kanta Karya Utama
sehubungan dengan Jasa Konsultan regarding Construction Management
Manajemen Konstruksi (MK) Pembangunan Consulting Services for Panakkukang Branch
Gedung KC Panakkukang dengan nilai kontrak Office Building, with a contract value of
sebesar Rp2.410. Rp2,410.
Pada tanggal 11 Juli 2025, Bank mengadakan On July 11, 2025, the Bank signed an
perjanjian dengan PT Primega Saniyya Lestari agreement with PT Primega Saniyya Lestari
sehubungan dengan Jasa Konsultan regarding Construction Management
Manajemen Konstruksi (MK) Pembangunan Consulting Services of Jababeka Branch Office
Gedung KC Jababeka dengan nilai kontrak Building, with a contract value of Rp2,050.
sebesar Rp2.050.
Pada tanggal 7 Juli 2025, Bank mengadakan On July 7, 2025, the Bank signed an agreement
perjanjian dengan PT Metro Alam Selaras with PT Metro Alam Selaras regarding
sehubungan dengan Jasa Kontraktor Renovasi Renovation Work Contractor Services for Sub-
CBC Jakarta Raya dengan nilai kontrak branch office of CBC Jakarta Raya, with a
sebesar Rp2.384. contract value of Rp2,384.
Pada tanggal 18 Juni 2025, Bank mengadakan On June 18, 2025 the Bank signed an
perjanjian dengan PT Bank Victoria Syariah agreement with PT Bank Victoria Syariah
sehubungan dengan Sinergi Perbankan. regarding Banking Synergy.
Pada tanggal 17 Juni 2025, Bank mengadakan On June 17, 2025, the Bank signed an
perjanjian dengan PT Binayasa Putrabatara agreement with PT Binayasa Putrabatara
sehubungan dengan Pekerjaan Jasa regarding Renovation Work Contractor
Kontraktor Pekerjaan Renovasi KCP Way Services for Sub-branch office Way Halim, with
Halim dengan nilai kontrak sebesar Rp5.100. a contract value of Rp5,100.
Pada tanggal 19 Mei 2025, Bank mengadakan On May 19, 2025, the Bank signed an
perjanjian dengan PT Neoceindo Intibeton agreement with PT Neoceindo Intibeton
sehubungan dengan Pekerjaan Lanjutan Jasa regarding the Continuation Work for Renovation
Kontraktor Pekerjaan Renovasi dan Relayout and Relayout Contractor Services for the Entire
Seluruh Lantai Gedung KC Bekasi dengan nilai Floor of the Bekasi Branch Office Building, with
kontrak sebesar Rp9.050. a contract value of Rp9,050.
Pada tanggal 29 April 2025, Bank mengadakan On April 29, 2025, the Bank signed an
perjanjian dengan PT Casa Prima Indonesia agreement with PT Casa Prima Indonesia
sehubungan dengan Jasa Kontraktor regarding Renovation Work Contractor
Pekerjaan Renovasi KCP Rawalumbu dengan Services for Sub-branch office Rawalumbu,
nilai kontrak sebesar Rp7.200. with a contract value of Rp7,200.
Pada tanggal 21 April 2025, Bank mengadakan On April 21, 2025, the Bank the Bank signed an
perjanjian dengan PT Neoceindo Intibeton agreement with PT Neoceindo Intibeton
sehubungan dengan Jasa Kontraktor regarding Continuation Work Contractor
Pekerjaan Lanjutan Pembangunan Gedung KC Services for the Construction of the Cibubur
Cibubur dengan nilai kontrak sebesar Rp9.198. Branch Office Building, with a contract value of
Rp9,198.
294
Page 930
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 19 Februari 2025, Bank On February 19, 2025 the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Jasa regarding the Contractor Services for the
Kontraktor Renovasi Ruang Kerja TRSD Lantai Renovation of the TRSD Workspace 25th Floor.
25 Menara 2 BTN dengan nilai kontrak sebesar Tower 2 BTN with a contract value of Rp10,495.
Rp10.495.
Pada tanggal 11 Februari 2025, Bank On February 11, 2025 the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Pengadaan regarding the Procurement of Building
Building Management Menara 2 BTN dengan Management for Menara 2 BTN with a contract
nilai kontrak sebesar Rp49.500. value of Rp49,500.
Pada tanggal 22 Januari 2025, Bank On January 22, 2025 the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Jasa regarding Contractor Services for the
Kontraktor Pekerjaan Pembangunan Gedung Construction of the BTN Bank Building Pondok
Bank BTN KC Pondok Indah dengan nilai Indah Branch Office with a contract value of
kontrak sebesar Rp40.700. Rp40,700.
Pada tanggal 7 Januari 2025, Bank On January 7, 2025 the Bank signed an
mengadakan perjanjian dengan PT Usaha agreement with PT Usaha Gedung Mandiri
Gedung Mandiri sehubungan dengan Jasa regarding the Tangerang Branch Office
Kontraktor Renovasi KC Tangerang dengan Renovation Contractor Services with a contract
nilai kontrak sebesar Rp7.395. value of Rp7,395.
Pada tanggal 12 Desember 2024, Bank On December 12, 2024, the Bank signed an
mengadakan perjanjian dengan PT Nindya agreement with PT Nindya Karya regarding the
Karya sehubungan dengan Jasa Kontraktor Construction Contractor Services of Branch
Pembangunan Gedung Bank BTN KC Kelapa Kelapa Gading Square with a contract value of
Gading Square dengan nilai kontrak sebesar Rp132,001.
Rp132.001.
Pada tanggal 20 November 2024, Bank On November 20, 2024, the Bank signed an
mengadakan perjanjian dengan PT Brantas agreement with PT Brantas Abipraya regarding
Abipraya sehubungan dengan Jasa Kontraktor the Construction Contractor Services of Branch
Pembangunan KC Kebon Jeruk dengan nilai Kebon Jeruk with a contract value of
kontrak sebesar Rp121.500. Rp121,500.
Pada tanggal 5 November 2024, Bank On November 5, 2024, the Bank signed an
mengadakan perjanjian dengan PT agreement with PT Pembangunan Perumahan
Pembangunan Perumahan sehubungan regarding the Construction Contractor Services
dengan Jasa Kontraktor Pekerjaan of BTN Eco Park Gandul (phase 1) with a
Pembangunan BTN Eco Park Gandul (tahap 1) contract value of Rp322,899.
dengan nilai kontrak sebesar Rp322.899.
Pada tanggal 29 Oktober 2024, Bank On October 29, 2024, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Jasa regarding the Renovation Work Contractor
Kontraktor Pekerjaan Renovasi Menara 2 BTN Services of Menara 2 Kuningan with a contract
Kuningan dengan nilai kontrak sebesar value of Rp22,700.
Rp22.700.
295
Page 931
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 28 Oktober 2024, Bank On October 28, 2024, the Bank signed an
mengadakan perjanjian dengan PT Casa Prima agreement with PT Casa Prima Indonesia
Indonesia sehubungan dengan Jasa Kontraktor regarding the Relayout Renovation Work
Renovasi Kantor KC Tanjungpinang dengan Contractor Services of Tanjungpinang Branch
nilai kontrak sebesar Rp13.280. Office with a contract value of Rp13,280.
Pada tanggal 14 Oktober 2024, Bank On October 14, 2024, the Bank signed an
mengadakan perjanjian dengan PT Brantas agreement with PT Brantas Abipraya regarding
Abipraya sehubungan dengan Jasa Kontraktor the Construction Contractor Services of BTN
Pekerjaan Pembangunan Learning Center Learning Center Bandung (fase 1) with a
Bandung (Tahap 1) dengan nilai kontrak contract value of Rp100,500.
sebesar Rp100.500.
Pada tanggal 2 Oktober 2024, Bank On October 2, 2024, the Bank signed an
mengadakan perjanjian dengan PT Casa Prima agreement with PT Casa Prima Indonesia
Indonesia sehubungan dengan Jasa Kontraktor regarding the Relayout Renovation Work
Renovasi Kantor KC Surabaya dengan nilai Contractor Services of Surabaya Branch Office
kontrak sebesar Rp13.700. with a contract value of Rp13,700.
Pada tanggal 24 September 2024, Bank On September 24, 2024, the Bank signed an
mengadakan perjanjian dengan PT Neocelindo agreement with PT Neocelindo Intibeton
Intibeton sehubungan dengan Jasa Kontraktor regarding the Construction Contractor Services
Pembangunan Kantor Wilayah 6 dengan nilai of Regional Office 6 with a contract value of
kontrak sebesar Rp61.500. Rp61,500.
Pada tanggal 26 Juli 2024, Bank mengadakan On July 26, 2024, the Bank signed an
perjanjian dengan PT Casa Prima Indonesia agreement with PT Casa Prima Indonesia
sehubungan dengan Jasa Kontraktor regarding the Relayout Renovation Work
Pekerjaan Renovasi Relayout KC Banjarmasin Contractor Services of Banjarmasin Branch
dengan nilai kontrak sebesar Rp11.100. Office with a contract value of Rp11,100.
Pada tanggal 8 Juli 2024, Bank mengadakan On July 8, 2024, the Bank signed an agreement
perjanjian dengan PT Patroon Arsindo with PT Patroon Arsindo regarding the Detail
sehubungan dengan Jasa Konsultan Engineering Design (DED), RAB, BQ and RKS
Perencana Detail Engineering Design (DED), Planning Consultant Services for Phase 1
RAB, BQ dan RKS Pembangunan Fase 1 BTN Development of BTN Eco Park Gandul with a
Eco Park Gandul dengan nilai kontrak sebesar contract value of Rp17,700.
Rp17.700.
Pada tanggal 24 Juni 2024, Bank mengadakan On June 24, 2024, the Bank signed an
perjanjian dengan PT Victory Utama Karya agreement with PT Victory Utama Karya
sehubungan dengan Jasa Kontraktor regarding BTN Tower 2 Division Workspace
Pekerjaan Renovasi Ruang Kerja Divisi Menara Renovation Contractor Services with a contract
2 BTN dengan nilai kontrak sebesar Rp26.930. value of Rp26,930.
Pada tanggal 24 Juni 2024, Bank mengadakan On June 24, 2024, the Bank signed an
perjanjian dengan PT Binayasa Putrabatara agreement with PT Binayasa Putrabatara
sehubungan dengan Jasa Kontraktor regarding the Renovation Work Contractor
Pekerjaan Renovasi KC Jakarta Kuningan dan Services for the Jakarta Kuningan Branch
Kantor Wilayah II di Menara 2 BTN dengan nilai Office and Regional Office II at Menara 2 BTN
kontrak sebesar Rp18.000. with a contract value of Rp18,000.
296
Page 932
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 31 Mei 2024, Bank mengadakan On May 31, 2024, the Bank signed an
perjanjian dengan PT Casa Prima Indonesia agreement with PT Casa Prima Indonesia
sehubungan dengan Jasa Kontraktor regarding BTN Branch Office Kupang Building
Pekerjaan Pembangunan Gedung BTN KC Construction Work Contractor Services with a
Kupang dengan nilai kontrak sebesar contract value of Rp47,550.
Rp47.550.
Pada tanggal 23 Mei 2024, Bank mengadakan On May 23, 2024, the Bank signed an
perjanjian dengan PT Usaha Gedung Mandiri agreement with PT Usaha Gedung Mandiri
sehubungan dengan Jasa Kontraktor regarding Contractor Services for Meeting
Pekerjaan Ruang Rapat Lantai 30 dan 32 Room Work on Floors 30 and 32 of Tower 2
menara 2 BTN dengan nilai kontrak sebesar BTN with a contract value of Rp11,785.
Rp11.785.
Pada tanggal 14 Mei 2024, Bank mengadakan On May 14, 2024, the Bank signed an
perjanjian dengan PT Casa Prima Indonesia agreement with PT Casa Prima Indonesia
sehubungan dengan Jasa Kontraktor regarding Sharia Branch Office Lhokseumawe
Pekerjaan Renovasi KCS Lhokseumawe Renovation Work Contractor Services with a
dengan nilai kontrak sebesar Rp10.500. contract value of Rp10,500.
Pada tanggal 2 Mei 2024, Bank mengadakan On May 2, 2024, the Bank signed an
perjanjian dengan PT Integra Dayacipta agreement with PT Integra Dayabuat
Grahatama sehubungan dengan Jasa Grahatama regarding Regional Office I
Kontraktor Pekerjaan Pembangunan Kantor Construction Work Contractor Services with a
Wilayah I dengan nilai kontrak sebesar contract value of Rp53,500.
Rp53.500.
Pada tanggal 20 Februari 2024, Bank On February 20 2024, the Bank signed an
mengadakan perjanjian dengan PT Neocelindo agreement with PT Neocelindo Intibeton
Intibeton sehubungan dengan Jasa Kontraktor regarding Bank BTN Branch Office Cibubur
Pekerjaan Pembangunan Gedung Bank BTN Building Construction Work Contractor
KC Cibubur dengan nilai kontrak sebesar Services with contract value of Rp47,280.
Rp47.280.
Pada tanggal 12 Januari 2024, Bank On January 12 2024, the Bank signed an
mengadakan perjanjian dengan PT Casa Prima agreement with PT Casa Prima Indonesia
Indonesia sehubungan dengan Jasa Kontraktor regarding Contractor Services for the
Pekerjaan Pembangunan Gedung Record Construction of the Record Center Building,
Center, KCP dan Rumah Dinas Di Lahan Sub-branch Office and Official Homes on
Soekarno Hatta Bandung dengan nilai kontrak Soekarno Hatta Land, Bandung with contract
sebesar Rp41.150. value of Rp41,150.
Pada tanggal 11 Januari 2024, Bank On January 11, 2024, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Jasa regarding Bank BTN Branch Office
Kontraktor Pekerjaan Pembangunan Gedung Pematangsiantar Building Construction Work
Bank BTN KC Pematangsiantar dengan nilai Contractor Services with contract value of
kontrak sebesar Rp42.300. Rp42,300.
Pada tanggal 10 Januari 2024, Bank On January 10, 2024, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Sentralisasi regarding the Centralization of Procurement of
Pengadaan Building Management Kantor Building Management for Region VI Office with
Wilayah VI dengan nilai kontrak sebesar contract value of Rp56,850.
Rp56.850.
297
Page 933
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. PERJANJIAN DAN KONTINJENSI SIGNIFIKAN 50. SIGNIFICANT AGREEMENTS AND
(lanjutan) CONTINGENCIES (continued)
a. Perjanjian Signifikan (lanjutan) a. Significant Agreements (continued)
Pada tanggal 10 Januari 2024, Bank On January 10, 2024, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Sentralisasi regarding the Centralization of Procurement of
Pengadaan Building Management Kantor Building Management for Region IV Office with
Wilayah IV dengan nilai kontrak sebesar contract value of Rp91,500.
Rp91.500.
Pada tanggal 10 Januari 2024, Bank On January 10, 2024, the Bank signed an
mengadakan perjanjian dengan PT Binayasa agreement with PT Binayasa Putrabatara
Putrabatara sehubungan dengan Sentralisasi regarding the Centralization of Procurement of
Pengadaan Building Management Kantor Building Management for Region I Office with
Wilayah I dengan nilai kontrak sebesar contract value of Rp176,246.
Rp176.246.
b. Liabilitas Kontinjensi b. Contingent Liabilities
Dalam melakukan usahanya, Bank In conducting its business, the Bank is a
menghadapi berbagai perkara hukum dan defendant with various litigation proceedings
tuntutan di mana Bank sebagai tergugat, and legal claims mainly with respect to matters
terutama sehubungan dengan kepatuhan of contractual compliance. Although there is no
dengan kontrak. Walaupun belum ada clear assurance yet, the Bank believes that
kepastian yang jelas, Bank berpendapat bahwa based on information currently available, the
berdasarkan informasi yang ada dan keputusan ultimate resolution of these legal proceedings
terakhir dari perkara bahwa tuntutan hukum ini and legal claims will not likely have a material
tidak akan berdampak secara material pada effect on the operations, financial position or
operasi, posisi keuangan atau tingkat likuiditas liquidity level of Bank.
Bank.
Pada tanggal-tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, the Bank
2024, Bank telah membentuk cadangan has established an allowance (included in
(disajikan dalam akun “Liabilitas “Other Liabilities”) for several pending lawsuits
lain-lain”) untuk sejumlah tuntutan hukum yang filed against Bank amounted to Rp67,942 and
belum diputuskan masing-masing adalah Rp66,205. In addition to these allowance
sebesar Rp67.942 dan Rp66.205. Selain provided, the Bank has also provided
pembentukan cadangan tersebut, Bank juga allowance for an indication of forged
telah membentuk cadangan atas dugaan transaction in the Bank’s certificate of time
pemalsuan bilyet deposito yang telah deposits which have been reported to the
dilaporkan kepada pihak berwajib dan saat ini authority and currently it is in the process of
sedang dalam proses penyidikan (Catatan 31). investigation (Note 31).
298
Page 934
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. PERNYATAAN STANDAR AKUNTANSI 51. REVISED AND ISSUED STATEMENTS OF
KEUANGAN YANG DIKELUARKAN DAN FINANCIAL ACCOUNTING STANDARDS
DIREVISI
Amandemen dan Penyesuaian Pernyataan Standar The amendments and adjustments to Statement of
Akuntansi Keuangan (PSAK) baru yang telah Financial Accounting Standards (SFAS) that have
disahkan oleh Dewan Standar Akuntansi Keuangan been approved by the Financial Accounting
(DSAK) - Ikatan Akuntan Indonesia (IAI), tetapi Standards Board (IFAS) - Indonesian Institute of
belum berlaku efektif untuk laporan keuangan Accountants (IAI), but have not been effective for
selama tahun berjalan diungkapkan di bawah ini. financial statements during the year are disclosed
below.
Bank bermaksud untuk menerapkan amendemen The Bank intends to implement the amendments
dan penyesuaian PSAK tersebut, jika dipandang and adjustments to the SFAS, if it is deemed
relevan, saat telah menjadi efektif. Berlaku efektif relevant, when they become effective. Effective
setelah tanggal 1 Januari 2026: after January 1, 2026:
Berlaku efektif pada atau setelah tanggal Effective on or after January 1, 2026:
1 Januari 2026:
1. PSAK 109, “Instrumen Keuangan” dan 1. SFAS 109, "Financial Instruments," and SFAS
PSAK 107 “Instrumen Keuangan 107, "Financial Instruments: Disclosures about
Pengungkapan tentang Klasifikasi dan the Classification and Measurement of Financial
Pengukuran Instrumen Keuangan”. Instruments."
Amendemen ini menambahkan dan These amendments adding and clarify
mengklarifikasi ketentuan dalam PSAK 109 statement in SFAS 109 regarding derecognition
terkait penghentian pengakuan liabilitas of financial liabilities, as well as
keuangan, serta mengklarifikasi penilaian clarify the assessment of cash flow
karakteristik arus kas untuk aset keuangan characteristics for financial assets with
dengan fitur ESG-linked, aset keuangan ESG-linked features, financial assets with non-
dengan fitur non-recourse, dan instrumen yang recourse features, and contractually bound
terikat secara kontraktual seperti tranche. instruments such as tranches. The
Amendemen ini juga mengubah ketentuan amendments also revise the statement in SFAS
dalam PSAK 107 terkait persyaratan 107 regarding the disclosure requirements for
pengungkapan investasi pada instrumen investments in equity instruments measured at
ekuitas yang diukur pada nilai wajar melalui fair value through other comprehensive income
penghasilan komprehensif lain dan menambah and adding statament related to financial
ketentuan terkait instrumen keuangan dengan instruments with contractual terms that alter the
persyaratan kontraktual yang mengubah waktu timing or amount of contractual cash flows.
atau jumlah arus kas kontraktual.
299
Page 935
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. PERNYATAAN STANDAR AKUNTANSI 51. REVISED AND ISSUED STATEMENTS OF
KEUANGAN YANG DIKELUARKAN DAN FINANCIAL ACCOUNTING STANDARDS
DIREVISI (lanjutan) (continued)
Berlaku efektif pada atau setelah tanggal Effective on or after January 1, 2027
1 Januari 2027
2. PSAK 118 “Penyajian dan Pengungkapan 2. SFAS 118 “Presentation and Disclosure in
dalam dalam Laporan Keuangan”. Financial Statements”.
PSAK ini akan menggantikan PSAK 201 This SFAS will replace SFAS 201 “Presentation
“Penyajian Laporan Keuangan” yang in Financial Statements” resulting in changes to
menyebabkan perubahan pada struktur the presentation structure of the income
penyajian laporan laba rugi dimana statement, requiring the presentation of
mensyaratkan penyajian subtotal laba/(rugi) subtotal profit/(loss) from operations,
operasi, laba/(rugi) sebelum pendanaan dan profit/(loss) before financing and income tax, as
pajak penghasilan, serta laba/(rugi). well as profit/(loss). Moreover, income and
Selanjutnya, penghasilan dan beban untuk expenses to be classified into operating,
diklasifikasikan ke dalam kategori operasi, investing and financing categories, as well as
investasi, dan pendanaan, serta pajak income tax and discontinued operations. In
penghasilan dan operasi yang dihentikan. addition, this SFAS also regulates the
Selain itu, PSAK ini juga mengatur mengenai disclosure of management-defined
pengungkapan ukuran kinerja tetapan performance measures (MPMs) with the aim of
manajemen (UKTM) dengan tujuan communicating management's views on the
mengomunikasikan pandangan manajemen overall financial performance of the company.
atas aspek kinerja keuangan perusahaan
secara keseluruhan.
Pada saat penerbitan laporan keuangan, Bank As at the authorization date of this financial
masih mempelajari dampak yang mungkin timbul statements, the Bank is still evaluating the potential
dari penerapan standar revisi tersebut serta impact of these revised standards to the Bank’s
pengaruhnya pada laporan keuangan Bank. financial statements.
300
Page 936
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. TAMBAHAN INFORMASI ARUS KAS 52. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing activities
pendanaan pada laporan arus kas adalah sebagai in the cash flow statement are as follows:
berikut:
Arus Kas/Cash Flow
1 Januari/ Penerimaan/ Pembayaran/ Perubahan Non-Kas/ 31 Desember/
January 1, 2025 Receipts Payment Non-Cash Changes December 31, 2025
Surat berharga
yang diterbitkan 5.444.524 300.000 (1.754.979) (4.462) 3.985.083 Securities issued
Securities Sold
Efek-efek yang dijual dengan Under Repurchase
janji dibeli kembali 3.409.426 51.431.824 (54.544.966) 52.792 349.076 Agreements
Pinjaman yang diterima 33.485.084 7.499.533 (3.020.603) 27.837 37.991.851 Fund Borrowings
Pinjaman Subordinasi dan Subordinated loans
efek-efek subordinasi 6.328.105 4.000.000 (4.828.500) (7.472) 5.492.133 and securities
Payment of
Pembayaran Liabilitas Sewa 165.706 - (88.347) 73.325 150.684 Lease liability
Total 48.832.845 63.231.357 (64.237.395) 142.020 47.968.827 Total
Arus Kas/Cash Flow
1 Januari/ Penerimaan/ Pembayaran/ Perubahan Non-Kas/ 31 Desember/
January 1, 2024 Receipts Payment Non-Cash Changes December 31, 2024
Surat berharga
yang diterbitkan 8.272.098 680.913 (3.572.500) 64.013 5.444.524 Securities issued
Securities Sold
Efek-efek yang dijual dengan Under Repurchase
janji dibeli kembali - 143.153.604 (139.744.766) 588 3.409.426 Agreements
Pinjaman yang diterima 33.762.089 11.144.193 (11.385.262) (35.936) 33.485.084 Fund Borrowings
Pinjaman Subordinasi dan Subordinated loans
efek-efek subordinasi 9.112.837 - (3.000.000) 215.268 6.328.105 and securities
Payment of
Pembayaran Liabilitas Sewa 186.696 - (93.408) 72.418 165.706 Lease liability
Total 51.333.720 154.978.710 (157.795.936) 316.351 48.832.845 Total
301
Page 937
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN 53. ADDITIONAL INFORMATION
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: Financial Service Authority:
a. Giro Wajib Minimum (GWM) a. Minimum Reserve Requirements (GWM)
Rasio GWM Bank pada tanggal The minimum reserve requirement ratios of the
31 Desember 2025 dan 2024 adalah sebagai Bank as of December 31, 2025 and
berikut: 2024. are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
Rupiah Rupiah
Utama 9,39% 5,38% Primary
Harian 2,69% 0,38% Daily
Rata-rata 6,70% 5,00% Average
PLM 12,93% 12,73% PLM
Dolar Amerika Serikat 4,02% 4,18% United States Dollar
Syariah Sharia
Rupiah 4,35% 4,70% Rupiah
Saldo giro pada Bank Indonesia disediakan Current accounts with Bank Indonesia are
untuk memenuhi persyaratan Giro Wajib maintained to comply with Bank Indonesia’s
Minimum (GWM) dari Bank Indonesia. Minimum Legal Reserve Requirements (GWM).
Rasio GWM pada tanggal 31 Desember 2025 The calculation of the GWM ratios as of
dan 2024 dihitung berdasarkan Peraturan Bank December 31, 2025 and 2024 is based on Bank
Indonesia No. 20/3/PBI/2018 tanggal 29 Maret Indonesia regulation (PBI) No. 20/3/PBI/2018
2018 yang telah diubah beberapa kali, terakhir dated March 29, 2018, which has been
dengan PBI amended several times, the latest with PBI No.
No. 24/4/PBI/2022 tanggal 25 Februari 2022. 24/4/PBI/2022 dated February 25, 2022. The
PBI tersebut dijelaskan oleh Peraturan Anggota PBI is explained by Regulations of Members of
Dewan Gubernur (PADG) the Board of Governors (PADG) No.
No.20/10/PADG/2018 tanggal 31 Mei 2018 20/10/PADG/2018 dated May 31, 2018 which
sebagaimana telah diubah beberapa kali has been amended several times with PADG
dengan PADG No. 20/30/PADG/2018 tanggal No. 20/30/PADG/2018 dated November 30,
30 November 2018, PADG 2018, PADG No. 21/14/PADG/2019 dated June
No. 21/14/PADG/2019 tanggal 26 Juni 2019 26, 2019 which has been amended several
sebagaimana telah diubah beberapa kali times with PADG
dengan PADG No. 21/27/PADG/2019 tanggal No. 21/27/PADG/2019 dated December 26,
26 Desember 2019, PADG 2019, PADG No. 22/2/PADG/2020 dated
No. 22/2/PADG/2020 tanggal 13 Maret 2020, March 13 2020 PADG No. 22/10/PADG/2020
PADG No. 22/10/PADG/2020 tanggal dated April 30, 2020, PADG
30 April 2020, PADG No. 22/19/PADG/2020 No. 22/19/PADG/2020 dated July 29, 2020,
tanggal 29 Juli 2020, PADG No. PADG No.23/27/PADG/2021 dated December
23/27/PADG/2021 tanggal 21 Desember 2021, 21, 2021, PADG No. 24/3/PADG/2022 dated
PADG No. 24/3/PADG/2022 tanggal 1 Maret March 1, 2022, PADG No. 24/8/PADG/2022
2022, PADG No. 24/8/PADG/2022 tanggal 30 dated June 30, 2022, PADG No. 2 year of 2023
Juni 2022, PADG No. 2 Tahun 2023 tanggal dated March 24, 2023, PADG No. 12 year of
24 Maret 2023, PADG No. 12 Tahun 2023 2023 dated October 1, 2023, PADG No. 8 year
tanggal 1 Oktober 2023, PADG No. 8 Tahun of 2025 dated March 27, 2025, and the latest
2025 tanggal 27 Maret 2025, dan perubahan amendment by PADG No. 31 year 2025 dated
terakhir pada PADG No. 31 tahun 2025 tanggal December 23, 2025 regarding “Minimum
23 Desember 2025 tentang “Giro Wajib Statutory Reserve Requirements in Rupiah and
Minimum dalam Rupiah dan Valuta Asing bagi Foreign Currencies of Conventional
Bank Umum Konvensional, Bank Umum Commercial Banking, Sharia Commercial
Syariah, dan Unit Usaha Syariah”. Banking and Sharia Business Units”.
302
Page 938
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: (lanjutan) Financial Service Authority: (continued)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
Bank Indonesia melakukan penguatan Bank Indonesia has strengthened incentive
kebijakan insentif untuk mendorong peranan policy to stimulate the role of banks in financing
perbankan dalam pembiayaan kepada sektor priority sectors in accordance with Bank
prioritas sesuai Peraturan Bank Indonesia (PBI) Indonesia Regulation (PBI) No. 24/5/PBI/2022
No. 24/5/PBI/2022 tentang Insentif bagi Bank regarding Incentives for Banks Providing Funds
yang Memberikan Penyediaan Dana untuk for Certain and Inclusive Economic Activities
Kegiatan Ekonomi Tertentu dan Inklusif tanggal dated February 25, 2022, as further regulated
25 Februari 2022, sebagaimana diatur lebih through PADG No. 24/4/PADG/2022 dated
lanjut melalui PADG No. 24/4/PADG/2022 March 1, 2022 as amended by the latest
tanggal 1 Maret 2022 sebagaimana telah amendment of PADG No. 1 of 2023 dated
diubah dengan perubahan terakhir PADG February 15, 2023, and the latest amendment
No. 1 Tahun 2023 tanggal 15 Februari 2023 dan by PADG No. 11 year of 2023 dated
perubahan terakhir PADG No. 11 tahun 2023 September 27, 2023 regarding “Regulations for
tanggal 27 September 2023 tentang “Peraturan Implementing Macroprudential Liquidity
Pelaksanaan Kebijakan Insentif Likuiditas Incentive Policy” Bank Indonesia provides
Makroprudensial” Bank Indonesia memberikan incentives in the form of leniency on the
insentif berupa kelonggaran atas kewajiban obligation to fulfil the statutory reserve in rupiah
pemenuhan GWM dalam rupiah yang wajib which must be fulfilled on a daily basis of 3.20%
dipenuhi secara harian sebesar 3,20% (tiga (three point two percent) and the obligation to
koma dua persen) dan kewajiban pemenuhan fulfil the statutory reserve in rupiah based on
GWM dalam rupiah berdasarkan prinsip sharia principles is 2.50% (two point five
syariah sebesar 2,50% (dua koma lima persen). percent). This incentive is given to Banks that
Insentif bagi Bank yang melakukan penyediaan provide funds for certain and inclusive
dana untuk kegiatan ekonomi tertentu dan economic activities as stipulated by Bank
inklusif ditetapkan oleh Bank Indonesia dan Indonesia and are valid from December 1, 2023
berlaku mulai 1 Desember 2023 sampai dengan to February 29, 2024.
29 Februari 2024.
Pada tanggal-tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, based on
2024, sesuai dengan ketentuan Bank Indonesia the above Bank Indonesia regulations, the
tersebut di atas, Bank harus memenuhi Bank is required to maintain primary GWM in
persyaratan GWM Utama dalam Rupiah Rupiah amounting to 6.70%, and 5.00%,
masing-masing sebesar 6,70% dan 5,00%, respectively, while GWM for foreign currency
sedangkan untuk mata uang asing masing- amounting to 7.74% and 4.18% respectively.
masing sebesar 7,74% dan 4,18%. Untuk PLM PLM amounting to 14,18% and 12.73% in
adalah sebesar 14,18% dan 12,73% dalam Rupiah as of December 31, 2025 and 2024.
Rupiah pada tanggal 31 Desember 2025 dan
2024.
303
Page 939
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: (lanjutan) Financial Service Authority: (continued)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
Pada tanggal-tanggal 31 Desember 2025, dan As of December 31, 2025, and 2024, based on
2024, sesuai dengan ketentuan Bank Indonesia the Bank Indonesia regulations, for sharia
tersebut berdasarkan prinsip syariah, Bank principle, The Bank is required to maintain
harus memenuhi persyaratan GWM dalam GWM in Rupiah of 7.50% and 7.50%. For
Rupiah masing-masing sebesar 7,50% dan foreign currencies of 1.00% and 1.00%
7,50% Untuk mata uang asing masing-masing respectively.
sebesar 1,00% dan 1,00%
Pada tanggal-tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, The Bank
2024, Bank juga harus memenuhi Peraturan must also comply with Bank Indonesia
Bank Indonesia (PBI) Regulation (PBI) No. 20/4/PBI/2018 dated
No. 20/4/PBI/2018 tanggal 29 Maret 2018 March 29, 2018 regarding “Macroprudential
tentang “Rasio Intermediasi Makroprudensial Intermediation Ratios and Macroprudential
dan Penyangga Likuiditas Makroprudensial Liquidity Buffers for Conventional Commercial
bagi Bank Umum Konvensional, Bank Umum Banks, Sharia Commercial Banks, and Sharia
Syariah, dan Unit Usaha Syariah” sebagaimana Business Unit” which has been amended with
telah diubah dengan PBI No. 21/12/PBI/2019 PBI 21/12/PBI/2019 dated November 25, 2019,
tanggal 25 November 2019, PBI PBI No. 22/17/PBI/2020 dated December 31,
No. 22/17/PBI/2020 tanggal 31 Desember2020, 2020 and PBI 24/16/PBI/2022 dated November
dan PBI No.24/16/PBI/2022 tanggal 1, 2022, which is explained through PADG
1 November 2022 yang dijelaskan melalui No. 21/22/PADG/2019 dated November 28,
Peraturan Anggota Dewan Gubernur 2019 which has been amended with PADG
No.21/22/PADG/2019 tanggal 28 November No. 21/11/PADG/2020 dated April 29, 2020,
2019 yang telah diubah dengan PADG PADG No. 22/30/PADG/2020 dated October 5,
No. 21/11/PADG/2020 tanggal 29 April 2020, 2020, PADG No. 23/7/PADG/2021 dated
PADG 22/30/PADG/2020 tanggal 5 Oktober April 26, 2021, PADG No. 23/31/PADG/2021
2020, PADG No. 23/7/PADG/2021 tanggal dated December 31, 2021 and the latest
26 April 2021, PADG No. 23/31/PADG/2021 amendment by PADG 24/14/PADG/2022 dated
tanggal 31 Desember 2021 dan perubahan November 1, 2022 concerning
terakhir PADG No. 24/14/PADG/2022 tanggal “Macroprudential Intermediation Ratio and
1 November 2022 tentang “Rasio Intermediasi Macroprudential Liquidity Buffer for
Makroprudensial dan Penyangga Likuiditas Conventional Commercial Banks, Sharia
Makroprudensial bagi Bank Umum Commercial Banks, and Sharia Business
Konvensional, Bank Umum Syariah, dan Unit Units”.
Usaha Syariah”.
304
Page 940
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: (lanjutan) Financial Service Authority: (continued)
a. Giro Wajib Minimum (GWM) (lanjutan) a. Minimum Reserve Requirements (GWM)
(continued)
GWM Primer adalah simpanan minimum yang Primary Minimum Statutory Reserve is a
wajib dipelihara oleh Bank dalam bentuk saldo minimum reserve that should be maintained by
Rekening Giro pada Bank Indonesia. GWM the Bank in Current Accounts with Bank
Sekunder dan Penyangga Likuiditas Indonesia. Secondary Minimum Statutory
Makroprudensial (PLM) adalah cadangan Reserve and Macroprudential Liquidity Buffer
minimum yang wajib dipelihara oleh Bank are the minimum reserves that should be
berupa Sertifikat Bank Indonesia (SBI). Surat maintained by the Bank which comprise of
Utang Negara (SUN). Surat Berharga Syariah Certificates of Bank Indonesia (SBI).
Negara (SBSN) dan/atau excess reserve yang Government Debenture Debt (SUN). Sharia
merupakan kelebihan saldo Rekening Giro Government Securities (SBSN). and/or excess
Rupiah Bank dari GWM Primer. GWM LFR dan reserve which represents the excess reserve of
Rasio Intermediasi Makroprudensial (RIM). the Bank’s Current Accounts in Rupiah over the
Primary Minimum Statutory Reserve. Minimum
Statutory Reserve on LFR and Macroprudential
Intermediation Ratio (RIM).
GWM LFR dan RIM adalah tambahan Minimum Statutory Reserve on LFR and RIM is
simpanan minimum yang wajib dipelihara oleh the additional reserve that should be
Bank dalam bentuk saldo Rekening Giro pada maintained by the Bank in the form of Current
Bank Indonesia, jika LFR dan RIM target Bank Accounts with Bank Indonesia, if the Group’s
Indonesia (84%) atau jika di atas maksimum LFR and RIM is below the minimum of LFR and
LFR dan RIM target BI (94%) dan Kewajiban RIM targeted by Bank Indonesia (84%) or if the
Penyediaan Modal Minimum (KPMM) Grup Bank’s LFR and RIM is above the maximum of
lebih kecil dari KPMM Insentif BI sebesar 14%. LFR and RIM targeted by BI (94%) and the
Capital Adequacy Ratio (CAR) is below BI
requirement of 14%.
Bank telah memenuhi ketentuan Bank The Bank has complied with Bank Indonesia
Indonesia tentang Giro Wajib Minimum pada regulations concerning the minimum reserve
tanggal-tanggal 31 Desember 2025 dan 2024. requirements as of December 31, 2025, and
2024.
Sisa umur jatuh tempo atas giro pada Bank The remaining period of current accounts with
Indonesia dikategorikan sebagai kurang dari Bank Indonesia is categorized as less than one
satu bulan (Catatan 45). month (Note 45).
305
Page 941
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: (lanjutan) Financial Service Authority: (continued)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
1) Giro Pada Bank Lain 1) Current accounts with Other Banks
Pada tanggal 31 Desember 2025 dan 2024. As of December 31, 2025 and 2024. the
kolektibilitas giro pada bank lain sesuai collectibility of current accounts with other
Peraturan OJK adalah sebagai berikut: banks according to Financial Service
Authority Rule collectibility are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Lancar 2.514.104 5.949.997 Current
Macet 2.043 1.749 Loss
Total 2.516.147 5.951.746 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (2.050) (2.571) for impairment losses
Neto 2.514.097 5.949.175 Net
2) Penempatan pada bank lain dan Bank 2) Placements with other banks and Bank
Indonesia Indonesia
Seluruh penempatan pada bank lain dan All placements with other banks and Bank
Bank Indonesia pada tanggal-tanggal Indonesia as of December 31, 2025 and
31 Desember 2025 dan 2024 sesuai 2024, according to Financial Service
Peraturan OJK diklasifikasikan sebagai Authority Rule collectibility are classified as
lancar. current.
3) Efek-efek 3) Securities
Kolektibilitas efek-efek sesuai Peraturan The collectibility of securities according to
OJK adalah sebagai berikut: Financial Service Authority Rule
collectibility are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Lancar 21.962.104 25.260.713 Current
Dalam Perhatian Khusus 32.929 42.859 Special Mention
Kurang Lancar 2.869 4.360 Substandard
Diragukan 4.543 5.369 Doubtful
Macet 50.576 50.109 Loss
Total 22.053.021 25.363.410 Total
Cadangan kerugian Allowance for
penurunan nilai (52) (787) impairment losses
Neto 22.052.969 25.362.623 Net
306
Page 942
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Accounting Standards. Such additional information
Informasi tersebut disusun sesuai dengan regulasi mas prepared in accordance with regulations of
Otoritas Jasa Keuangan: (lanjutan) Financial Service Authority: (continued)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
4) Efek-efek yang Dibeli dengan Janji Dijual 4) Securities Purchased under Agreement
Kembali to Resell
Seluruh efek-efek yang Dibeli dengan Janji All securities purchased under agreement
Dijual Kembali pada tanggal-tanggal to resell Indonesia as of
31 Desember 2025 dan 2024 sesuai December 31, 2025 and 2024. according
Peraturan OJK diklasifikasikan sebagai to Financial Service Authority Rule
lancar. collectibility are classified as current.
5) Tagihan akseptasi 5) Acceptance receivables
Sesuai Peraturan OJK, pada tanggal- According to Financial Service Authority
tanggal 31 Desember 2025 dan 2024 Rule collectibility All acceptances
semua tagihan akseptasi diklasifikasikan receivables were classified as current as of
sebagai lancar. December 31, 2025 and 2024.
6) Tagihan dan liabilitas derivatif 6) Derivative receivable and payables
Sesuai Peraturan OJK, pada tanggal- According to Financial Service Authority
tanggal 31 Desember 2025 dan 2024 Rule collectability, all derivative receivable
semua tagihan dan liabilitas derivatif and payables were classified as current as
diklasifikasikan sebagai lancar. of December 31, 2025 and 2024.
307
Page 943
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/Receivables
Piutang Syariah
Kolektibilitas kredit yang diberikan dan The collectibility of loans and sharia
pembiayaan/piutang syariah sesuai financing/receivables according to
Peraturan OJK adalah sebagai berikut: Financial Service Authority Rule
collectibility are as follows:
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/ nilai/
Nilai tercatat/ Allowance Nilai tercatat/ Allowance
Carrying for impairment Carrying for impairment
amount losses amount losses
Konvensional Conventional
Individual Individual
Lancar 9.025.622 2.009.267 8.100.760 1.104.716 Current
Dalam perhatian khusus 2.573.396 1.431.868 3.747.701 1.405.247 Special mention
Kurang lancar 6.139 6.133 38.480 37.880 Substandard
Diragukan 1.406 1.406 - - Doubtful
Macet 712.989 286.869 1.577.601 1.070.858 Loss
12.319.552 3.735.543 13.464.542 3.618.701
Kolektif Collective
Lancar 291.729.575 2.502.002 264.960.207 2.644.832 Current
Dalam perhatian khusus 31.431.946 3.486.569 27.214.026 2.529.447 Special mention
Kurang lancar 328.112 154.716 566.796 205.792 Substandard
Diragukan 648.783 318.924 1.748.284 555.970 Doubtful
Macet 9.244.956 3.761.803 6.126.250 2.173.192 Loss
333.383.372 10.224.014 300.615.563 8.109.233
Syariah Sharia
Lancar 49.918.935 180.799 39.536.826 783.326 Current
Dalam perhatian khusus 3.539.306 143.437 3.095.410 35.624 Special mention
Kurang lancar 280.091 137.129 266.796 9.417 Substandard
Diragukan 218.665 124.854 191.485 15.356 Doubtful
Macet 916.166 768.460 802.310 485.530 Loss
54.873.163 1.354.679 43.892.827 1.329.253
Total 400.576.087 15.314.236 357.972.932 13.057.187 Total
308
Page 944
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/Receivables
Piutang Syariah (lanjutan) (continued)
Rasio kredit dan pembiayaan/piutang The ratios of non-performing loans and
syariah yang diklasifikasikan non- sharia financing/receivables to total loans
performing terhadap jumlah kredit dan and sharia financing/receivables (using the
pembiayaan/piutang syariah (metode gross gross and net methods) are shown in the
dan neto) adalah seperti yang terlihat pada following table:
tabel berikut:
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Konvensional/ Syariah/ Konvensional/ Syariah/
Kolektibilitas Conventional Sharia Conventional Sharia Collectibility
Kurang Lancar 334.251 280.091 605.276 266.796 Substandard
Diragukan 650.189 218.664 1.748.284 191.485 Doubtful
Macet 9.957.945 916.166 7.703.851 802.309 Loss
10.942.385 1.414.921 10.057.411 1.260.590
Cadangan kerugian Allowance for
Penurunan nilai impairment losses
atas NPL/NPF (4.529.851) (1.030.443) (4.043.692) (510.303) for NPL/NPF
6.412.534 384.478 6.013.719 750.287
Kredit yang diberikan Loans and
dan pembiayaan/ sharia financing/
piutang syariah 345.702.924 54.873.163 314.080.105 43.892.827 receivables
% Non-performing
kredit yang % of Non-performing
diberikan dan loans and
pembiayaan/ sharia financing/
piutang syariah - Gross receivables - Gross
(Gross NPL/NPF) 3,17% 2,58% 3,20% 2,87% (Gross NPL/NPF)
% Non-performing
kredit yang % of Non-performing
diberikan dan loans and sharia
pembiayaan/ financing/
piutang syariah - Neto receivables - Net
(Neto NPL/NPF) 1,85% 0,70% 1,91% 1,71% (Net NPL/NPF)
Informasi pokok lainnya Other significant information
NPL/NPF Gross dihitung dengan membagi The Gross NPL/NPF are computed by
antara jumlah kredit/ pembiayaan/piutang dividing the total non-performing loans/
syariah bermasalah dengan jumlah sharia financing/receivables by the total
kredit/pembiayaan/piutang syariah loans and sharia financing/receivables.
keseluruhan.
NPL/NPF Neto dihitung dengan membagi The Net NPL/NPF ratios are computed by
antara jumlah kredit/pembiayaan/piutang dividing the total non-performing
syariah bermasalah setelah dikurangi loans/sharia financing/receivables, net of
cadangan kerugian dan jumlah kredit/ allowance for possible losses, by the total
pembiayaan/piutang syariah keseluruhan. loans and sharia financing/receivables.
309
Page 945
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/Receivables
Piutang Syariah (lanjutan) (continued)
Informasi pokok lainnya (lanjutan) Other significant information (continued)
Rasio NPL/NPF Gross (total konvensional The Gross NPL/NPF Ratio (total
dan syariah) adalah 3,08% dan 3,16% conventional and sharia) is 3.08% and
masing-masing pada tanggal 3.16% as of December 31, 2025 and 2024,
31 Desember 2025 dan 2024 respectively.
Rasio NPL/NPF Neto (total konvensional The Net NPL/NPF Ratio (total conventional
dan syariah) adalah 1,70% dan 1,89%. and sharia) is 1.70% and 1.89% of
masing-masing pada tanggal December 31, 2025 and 2024, respectively.
31 Desember 2025 dan 2024.
Kredit yang diberikan dan pembiayaan/ Non-performing loans and sharia
piutang syariah non-performing financing/receivables by economic sectors:
berdasarkan sektor ekonomi:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Konvensional Conventional
Perumahan 9.886.058 8.608.669 Property
Konstruksi 602.570 1.044.179 Construction
Jasa Usaha 150.275 165.598 Business service
Perdagangan, restoran
dan hotel 199.039 184.495 Trading, restaurant and hotel
Pertambangan 12.604 12.717 Mining
Jasa-jasa sosial 45.780 10.519 Social service
Transportasi, Pergudangan, Transportation, warehousing,
dan Komunikasi 11.574 1.936 and communication
Manufaktur 22.057 17.363 Manufacturing
Listrik, gas dan air 3.196 2.812 Electricity, gas and water
Pertanian 572 767 Farming
Lain-lain*) 8.660 8.356 Other*)
10.942.385 10.057.411
Syariah Sharia
Perumahan 1.096.738 835.243 Property
Konstruksi 243.522 315.066 Construction
Jasa Usaha 74.661 110.281 Business service
1.414.921 1.260.590
Total 12.357.306 11.318.001 Total
Dikurangi cadangan kerugian Less allowance
penurunan nilai (5.560.294) (4.553.995) for impairment losses
Neto 6.797.012 6.764.006 Net
*) Terdiri dari rumah tangga dan sektor ekonomi lainnya *) Consists of household and other economic sectors
310
Page 946
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/Receivables
Piutang Syariah (lanjutan) (continued)
Informasi pokok lainnya (lanjutan) Other significant information (continued)
Pada tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024 there is
tidak terdapat pelanggaran maupun neither any breach nor violation of Legal
pelampauan Batas Maksimum Pemberian Lending Limit (LLL) to related parties and
Kredit (BMPK) kepada pihak berelasi dan third parties as required by Regulation of
pihak ketiga sesuai dengan peraturan yang Financial Services Authority.
ditetapkan Otoritas Jasa Keuangan.
Kredit dan pembiayaan/piutang syariah Restructured loans and sharia
yang direstrukturisasi berdasarkan financing/receivables by collectibility and
kolektibilitas dan sektor ekonomi: economic sector:
31 Desember/December 31, 2025
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/
Current mention Substandard Doutbful Loss Total
Perumahan 18.774.985 24.938.168 191.450 218.149 6.273.433 50.396.185 Property
Konstruksi 2.610.913 1.020.730 689 9.242 201.924 3.843.498 Construction
Jasa usaha 1.523.726 4.761 - - 23.257 1.551.744 Business service
Perdagangan. restoran Trading. restaurant
dan hotel 11.040 185.311 - - 4.565 200.916 and hotel
Jasa-jasa sosial 94.749 - - 3.619 98.368 Social services
Manufaktur - - - - 767 767 Manufacturing
Transportasi, Transportation,
pergudangan dan warehousing
komunikasi 2.868.568 126.922 - - - 2.995.490 and communication
Pertambangan - - - 3.078 3.078 Mining
Lain-lain*) 6.663 277 9 144 226 7.319 Other*)
Total 25.890.644 26.276.169 192.148 227.535 6.510.869 59.097.365 Total
31 Desember/December 31, 2024
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/
Current mention Substandard Doutbful Loss Total
Perumahan 18.051.594 20.524.730 470.260 1.254.079 4.391.996 44.692.659 Property
Konstruksi 2.256.373 1.389.119 5.796 15.962 1.009.420 4.676.670 Construction
Jasa usaha 1.579.420 794.705 175 5.156 89.365 2.468.821 Business service
Perdagangan. restoran Trading. restaurant
dan hotel 168.286 656 38.334 - 12.418 219.694 and hotel
Jasa-jasa sosial 106.104 5.279 - - 9.416 120.799 Social services
Manufaktur - 816 - - - 816 Manufacturing
Transportasi. Transportation.
pergudangan dan warehousing
komunikasi 2.992.876 126.982 - - - 3.119.858 and communication
Pertambangan - - - - 3.078 3.078 Mining
Lain-lain*) 9.617 792 - 33 198 10.640 Other*)
Total 25.164.270 22.843.079 514.565 1.275.230 5.515.891 55.313.035 Total
*) Terdiri dari rumah tangga dan sektor ekonomi lainnya *) Consists of household and other economic sectors
311
Page 947
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/
Piutang Syariah (lanjutan) Receivables (continued)
Informasi pokok lainnya (lanjutan) Other significant information (continued)
Kredit dan pembiayaan/piutang syariah Restructured loans and sharia
yang direstrukturisasi berdasarkan financing/receivables by collectibility and
kolektibilitas dan sektor ekonomi: (lanjutan) economic sector: (continued)
Skema restrukturisasi yang disepakati oleh Restructured loans scheme agreed by the
Bank dan debitur meliputi antara lain Bank and its debtors include loans principal
penjadwalan ulang pembayaran pokok and interest rescheduling, overdue interest
kredit dan bunga, pembebasan tunggakan exemption, reduction of interest rates,
bunga, penurunan suku bunga, additional loan facilities, novation and
penambahan fasilitas kredit, novasi dan others.
lain-lain.
Bank telah melakukan restrukturisasi kredit Bank has restructured its credit for debtors
untuk debitur yang terdampak pandemi affected by Covid-19 pandemic in
Covid-19 sesuai dengan POJK accordance with POJK
No. 11/POJK.03/2020 “Stimulus No.11/POJK.03/2020 “National Economic
Perekonomian Nasional sebagai kebijakan stimulus as countercyclical policy in the
countercyclical dampak penyebaran impact of the spread of Coronavirus
Corona Virus Disease 2019 tertanggal Disease 2019” dated March 13, 2020 and
13 Maret 2020 dan perubahan POJK amendment POJK No.48/POJK.03/2020
No. 48/POJK.03/2020 “Perubahan atas “Amendment of POJK
Peraturan Otoritas Jasa Keuangan Nomor No.11/POJK.03/2020 Regarding National
11/POJK.03/2020 tentang Stimulus Economic stimulus as countercyclical policy
Perekonomian Nasional sebagai kebijakan in the impact of the spread of Coronavirus
countercyclical dampak penyebaran Disease 2019” dated December 1, 2020
Corona Virus Disease 2019” tertanggal 1 and second amendment POJK
Desember 2020 dan perubahan kedua No.17/POJK.03/2021 “Second Amendment
POJK No. 17/POJK.03/2021 “Perubahan of POJK No.11/POJK.03/2020 Regarding
kedua atas Peraturan Otoritas Jasa National Economic stimulus as
Keuangan Nomor 11/POJK.03/2020 countercyclical policy in the impact of the
tentang Stimulus Perekonomian Nasional spread of Coronavirus Disease 2019” dated
sebagai kebijakan countercyclical dampak September 10, 2021.
penyebaran Corona Virus Disease 2019”
tertanggal 10 September 2021.
Per tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024 the total
total saldo kredit restrukturisasi Covid-19 balance of Covid-19 restructure loans
masing-masing sebesar Rp6.839.651 dan amounted to Rp6,839,651 and
Rp19.027.569. Rp19,027,569, respectively.
312
Page 948
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
7) Kredit yang Diberikan dan Pembiayaan/ 7) Loans and Sharia Financing/Receivables
Piutang Syariah (lanjutan) (continued)
Kredit dan pembiayaan/piutang syariah Restructured loans and sharia
yang direstrukturisasi berdasarkan financing/receivables by collectibility and
kolektibilitas dan sektor ekonomi: (lanjutan) economic sector: (continued)
Dalam laporan Bank ke Otoritas Jasa Based on the report submitted by the Bank
Keuangan (OJK) disebutkan bahwa pada to Financial Services Authority (OJK) as of
tanggal 31 Desember 2025 dan December 31, 2025 and 2024, the Bank is
2024, Bank telah mematuhi ketentuan in compliance with the legal lending limit
Batas Maksimum Pemberian Kredit (BMPK) regulations, both for the related
(BMPK), baik terhadap pihak-pihak berelasi and non-related party borrowers.
maupun kepada pihak yang tidak berelasi.
Rasio kredit usaha kecil (KUK) terhadap The ratio of small-scale enterprise loans to
total kredit adalah sebesar 1,04% dan total loans is 1.04% and 0.99% as of
0,99% masing-masing pada tanggal December 31, 2025 and 2024 respectively.
31 Desember 2025 dan 2024.
Jumlah minimum cadangan kerugian Minimum allowance for impairment losses
penurunan nilai kredit yang diberikan dan for loans and sharia financing receivables
pembiayaan/piutang syariah, yang wajib required by Financial Services Authority
dibentuk sesuai dengan ketentuan Otoritas amounted to Rp8,926,619 and
Jasa Keuangan adalah sebesar Rp12,209,531 as of December 31, 2025
Rp8.926.619 and Rp12.209.531 masing- and 2024 respectively.
masing pada tanggal 31 Desember 2025
dan 2024.
313
Page 949
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
b. Klasifikasi Berdasarkan Kolektibilitas OJK b. Classification Based on OJK Collectibility
(lanjutan) (continued)
8) Komitmen dan Kontinjensi 8) Commitments and Contingencies
Kolektibilitas garansi yang diterbitkan dan The collectibility classification of
fasilitas kredit yang belum ditarik yang guarantees issued and unused loan facility
mempunyai risiko kredit adalah sebagai bearing credit risks are as follows:
berikut:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Jumlah nosional Jumlah nosional
mata uang asing/ mata uang asing/
Notional amount Notional amount
in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah
Lancar Current
Rupiah Rupiah
Garansi yang diterbitkan (Catatan 42) 3.890.753 2.579.383 Guarantees issued (Note 42)
Fasilitas kredit Unused loan facility
yang belum ditarik (committed) 206.428 86.184 (committed)
Irrevocable L/C yang masih Outstanding irrevocable
berjalan (Catatan 42) 211.017 249.694 L/Cs (Note 42)
4.308.198 2.915.261
Mata uang asing Foreign currencies
Garansi yang diterbitkan (Catatan 42) Guarantees issued (Note 42)
Dolar Amerika Serikat 21.595.292 360.101 14.908.241 249.834 United States Dollar
Euro Eropa 76.189.526 1.491.139 18.315.405 294.786 European Euro
1.851.240 544.620
6.159.438 3.459.881 Total
314
Page 950
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
c. Aset dan liabilitas moneter dalam mata uang c. Assets and liabilities denominated in
asing foreign currencies
Posisi Devisa Neto Net Open Position
Perhitungan Posisi Devisa Neto (PDN) The Net Open Position (NOP) is calculated
didasarkan pada Peraturan Bank Indonesia based on Bank Indonesia Regulation
No. 5/13/PBI/2003 tanggal 17 Juli 2003 No. 5/13/PBI/2003 dated July 17, 2003 which
sebagaimana telah diubah dengan perubahan was fourth amended by Bank Indonesia
keempat Peraturan Bank Indonesia Regulation No. 17/5/PBI/2015 dated
No. 17/5/PBI/2015 tanggal 29 Mei 2015. May 29, 2015. Based on this regulation, the
Berdasarkan peraturan tersebut, Bank Bank is required to maintain Net Open Position
diwajibkan untuk menjaga rasio PDN laporan ratio of the overall statement of financial
posisi keuangan dan secara keseluruhan position at a maximum of 20% of the total
maksimum 20% dari jumlah modal. PDN adalah capital. The NOP is the sum of the absolute
penjumlahan nilai absolut yang dinyatakan values, which are stated in Rupiah, of the net
dalam Rupiah dari selisih bersih antara aset difference between the assets and liabilities
dan liabilitas dalam mata uang asing dan selisih denominated in each foreign currency and the
bersih dari tagihan dan liabilitas komitmen dan net difference of the receivables and payables
kontinjensi yang dicatat dalam rekening of both commitments and contingencies
administratif yang didenominasi dalam setiap recorded in the administrative accounts
mata uang asing. denominated in each foreign currency.
PDN Bank pada tanggal-tanggal The Bank’s NOP as of December 31, 2025 and
31 Desember 2025 dan 2024: 2024 are as follows:
31 Desember/December 31, 2025
Posisi Devisa Neto/
Aset/Assets Liabilitas/Liabilities Net Open Position
Laporan posisi keuangan dan Statement of financial position
Rekening administratif and Administrative accounts
Dolar Australia 2.088.494 (2.013.861) 74.633 Australian Dollar
Dolar Amerika Serikat 39.450.770 (39.198.835) 251.935 United States Dollar
Yen Jepang 1.105.611 (941.862) 163.749 Japanese Yen
Pound Sterling Inggris 57.841 (10.998) 46.843 Great Britain Pound Sterling
Euro Eropa 2.952.521 (2.883.611) 68.910 European Euro
Dolar Singapura 1.208.000 (1.209.315) 1.315 Singapore Dollar
Renminbi 32.941 (152) 32.789 Renminbi
Dolar Hong Kong 70.760 (70.572) 188 Hong Kong Dollar
Ringgit Malaysia 3.123 (2.401) 722 Malaysian Ringgit
Riyal Arab Saudi 1.572 (976) 596 Saudi Arabian Riyal
Dolar Canada 29.028 (29.028) - Canada Dollar
641.680
Modal (Catatan 53d) 32.982.407 Capital (Note 53d)
Rasio PDN 1,95% NOP ratio
315
Page 951
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
c. Aset dan liabilitas moneter dalam mata uang c. Assets and liabilities denominated in
asing (lanjutan) foreign currencies (continued)
Posisi Devisa Neto (lanjutan) Net Open Position (continued)
31 Desember/December 31, 2024
Posisi Devisa Neto/
Aset/Assets Liabilitas/Liabilities Net Open Position
Laporan posisi keuangan dan Statement of financial position
Rekening administratif and Administrative accounts
Dolar Australia 1.916.596 (1.949.093) 32.497 Australian Dollar
Dolar Amerika Serikat 50.252.606 (50.177.699) 74.907 United States Dollar
Yen Jepang 738.224 (749.325) 11.101 Japanese Yen
Pound Sterling Inggris 198.004 (9.533) 188.471 Great Britain Pound Sterling
Euro Eropa 326.050 (429.071) 103.021 European Euro
Dolar Singapura 1.060.649 (1.058.974) 1.675 Singapore Dollar
Renminbi 4.075 (367) 3.708 Renminbi
Dolar Hong Kong 68.519 (68.415) 104 Hong Kong Dollar
Ringgit Malaysia 1.440 (1.136) 304 Malaysian Ringgit
Riyal Arab Saudi 922 (326) 596 Saudi Arabian Riyal
Dolar Canada 29.028 (29.028) - Canada Dollar
416.384
Modal (Catatan 53d) 32.273.030 Capital (Note 53d)
Rasio PDN 1,29% NOP ratio
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy (CAR)
Minimum (KPMM)
Bank secara aktif mengelola modalnya sesuai The Bank actively manages its capital in
dengan peraturan yang berlaku. Tujuan accordance with the regulatory requirements.
utamanya adalah untuk memastikan bahwa The primary objective of which is to ensure that
setiap saat Bank dapat menjaga kecukupan the Bank, at all times, maintains adequate
modalnya untuk menutup risiko bawaan capital to cover inherent risks to its banking
(inherent risks) pada kegiatan perbankan tanpa activities without prejudice to optimizing
mengurangi optimalisasi nilai pemegang shareholder’s value.
saham.
KPMM pada tanggal 31 Desember 2025 dan CAR on December 31, 2025 and 2024 was
2024 dihitung berdasarkan Peraturan Otoritas calculated based on Otoritas Jasa Keuangan
Jasa Keuangan (POJK) No. 27/POJK.03/2022, (OJK) No. 27/POJK.03/2022, POJK No.
POJK No.34/POJK.03/2016 dan POJK 34/POJK.03/2016 and POJK No.
No. 11/POJK.03/2016 tentang Kewajiban 11/POJK.03/2016 concerning the Minimum
Penyediaan Modal Minimum Bank Umum. Capital Requirement for Commercial Banks.
316
Page 952
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy (CAR)
Minimum (KPMM) (lanjutan) (continued)
Berdasarkan POJK No. 27/POJK.03/2022 Based on POJK No. 27/POJK.03/2022
tentang Perubahan Kedua atas POJK concerning of Second Change Regulation
No.11/POJK.03/2016 tentang Kewajiban No. 11/POJK.03/2016 concerning the Minimum
Penyediaan Modal Minimum Bank Umum, PBI Capital Requirement for Commercial Banks,
No. 17/22/PBI/2015 tentang Kewajiban PBI No. 17/22/PBI/2015 concerning the
Pembentukan Countercyclical Buffer dan POJK Establishment of Countercyclical Buffer
No. 46/POJK.03/2015 tentang Penetapan Requirement, and POJK No. 46/POJK.03/2015
Systemically Important Bank dan Capital concerning the Determination of Systemically
Surcharge, Bank diwajibkan membentuk Important Bank and Capital Surcharge, the
tambahan modal sebagai penyangga (buffer) Bank is required to form additional capital
yang berlaku secara bertahap mulai 1 Januari as a buffer that apply in stages starting on
2016. Pembentukan modal buffer yaitu Capital January 1, 2016. The establishment of buffer
Conservation Buffer, Countercyclical Buffer dan capital consists of Capital Conservation Buffer,
Capital Surcharge untuk D-SIB yang wajib Countercyclical Buffer, and Capital Surcharge
dibentuk berdasarkan persentase tertentu dari for D-SIB which shall be established based on
Aset Tertimbang Menurut Risiko (ATMR) a percentage of Risk Weighted Assets (RWA)
masing-masing sebesar 2,50%, 0,00% dan of 2.50%, 0.00% and 1.00%, respectively.
1,00%.
Berdasarkan POJK No 48/POJK.03/2020 Based on POJK No. 48/POJK.03/2020 as of
tanggal 1 Desember 2020 tentang Perubahan December 1, 2020 concerning the amendments
atas POJK No.11/POJK.03/2020 tanggal of POJK No.11/POJK.03/2020 dated May 27,
27 Mei 2020, untuk kebijakan relaksasi dalam 2020 for relaxation policy in order to support the
rangka mendukung program pemulihan national economic recovery program of the
ekonomi nasional sektor perbankan, bahwa banking sector, that the obligation to fulfill the
kewajiban pemenuhan Capital Conservation Capital Conservation Buffer in the capital
Buffer dalam komponen modal ditiadakan component is removed until March 31, 2022.
sampai dengan 31 Maret 2022.
Berdasarkan profil risiko Bank masing-masing Based on the risk profile as of
per 31 Desember 2025 dan 2024, yaitu low to December 31, 2025 and 2024, respectively,
moderate, maka rasio kecukupan modal which are both low to moderate, the minimum
(KPMM) minimum per 31 Desember 2025 dan CAR for December 31, 2025 and 2024 is set at
2024 ditetapkan masing-masing sebesar 9% 9% to less than 9%, respectively.
sampai dengan 9%.
Penentuan kepatuhan Bank terhadap peraturan The determination of the Bank's compliance
dan rasio yang berlaku didasarkan pada with regulations and applicable ratios are based
peraturan praktik akuntansi yang berbeda on the accounting rules which is differ in several
dalam beberapa hal dengan Standar Akuntansi aspects with the Financial Accounting
Keuangan di Indonesia. Standards in Indonesia.
Pada tanggal-tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024 the Bank
2024 Bank telah memenuhi rasio sesuai yang has fulfilled the required ratios of Bank
disyaratkan Bank Indonesia dan/atau Otoritas Indonesia and/or Financial Services Authority
Jasa Keuangan untuk KPMM. for the CAR.
317
Page 953
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy (CAR)
Minimum (KPMM) (lanjutan) (continued)
Perhitungan KPMM Bank (entitas induk) The computation of the Bank’s CAR (parent
pada tanggal 31 Desember 2025 dan 2024 entity) as of December 31, 2025 and 2024
adalah sebagai berikut: follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Modal inti a 28.900.137 29.834.471 Core Capital
Modal pelengkap Supplementary Capital
(Maksimal 100% dari (Maximum of 100% of
modal inti) b 4.082.270 2.438.559 Core Capital)
Modal pelengkap tambahan Additional supplementary
yang dialokasikan capital allocated
untuk mengantisipasi for anticipation
risiko pasar c - - of market risk
Jumlah Modal Inti dan Total Core Capital and
Modal Pelengkap d=a+b 32.982.407 32.273.030 Supplementary Capital
Jumlah modal inti, modal Total core capital,
pelengkap dan modal supplementary
pelengkap tambahan capital and additional
yang dialokasikan supplementary
untuk mengantisipasi capital allocated for
risiko pasar e=c+d 32.982.407 32.273.030 anticipation of market risk
Penyertaan f - - Investment
Jumlah modal untuk Total capital
risiko kredit g=d-f 32.982.407 32.273.030 for credit risk
Jumlah modal untuk risiko Total capital for credit
kredit dan risiko pasar h=e-f 32.982.407 32.273.030 risk and market risk
Aset tertimbang menurut Risk weighted assets
risiko kredit i 148.080.382 149.287.750 credit risk
ATMR untuk risiko pasar j 4.900.688 6.101.634 RWA for market risk
ATMR untuk risiko operasional k 20.388.527 19.055.594 RWA for operational risk
Jumlah ATMR untuk risiko
kredit dan risiko Total RWA for credit risk and
operasional l=i+k 168.468.909 168.343.344 operational risk
Jumlah ATMR untuk risiko RWA for Credit Risk.
Kredit, risiko operasional Operational Risk and
dan risiko pasar m=i+j+k 173.369.597 174.444.978 market risk
318
Page 954
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
d. Rasio Kewajiban Penyediaan Modal d. Minimum Required Capital Adequacy (CAR)
Minimum (KPMM) (lanjutan) (continued)
Penentuan kepatuhan Bank terhadap peraturan The determination of the Bank's compliance
dan rasio yang berlaku didasarkan pada with regulations and applicable ratios are based
peraturan praktik akuntansi yang berbeda on the accounting rules which is differ in several
dalam beberapa hal dengan Standar Akuntansi aspects with the Financial Accounting
Keuangan di Indonesia. Standards in Indonesia.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Bank
Bank telah memenuhi rasio sesuai yang has fulfilled the required ratios of Bank
disyaratkan Bank Indonesia dan/atau Otoritas Indonesia and/or Financial Services Authority
Jasa Keuangan untuk KPMM. for the CAR.
Perhitungan KPMM Bank (entitas induk) pada The computation of the Bank’s CAR (parent
tanggal 31 Desember 2025 dan2024 adalah entity) as of December 31, 2025 and 2024
sebagai berikut: follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
CAR untuk risiko kredit CAR for credit risk
dan risiko operasional n=g/l 19,56% 19,17% and operational risk
CAR untuk risiko kredit CAR for credit risk
risiko operasional. Operational risk and
dan risiko pasar o=h/m 19,02% 18,50% market risk
CAR Minimum yang
Diwajibkan 9% 9% Minimum CAR
319
Page 955
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko e. Risk Management
Dasar Penerapan Manajemen Risiko Basis for Risk Management Implementation
Dalam penerapan manajemen risiko. BTN In the implementation of risk management. BTN
senantiasa patuh dan taat terhadap regulasi consistently adheres to and complies with the
dan perundang-undangan yang berlaku di regulations and laws applicable in Indonesia by
Indonesia dengan mengacu pada: referring to:
1. Peraturan OJK No. 21 Tahun 2023 1. OJK Regulation No. 21/2023 dated
tanggal 22 Desember 2023 tentang December 22, 2023, concerning Digital
Layanan Digital Oleh Bank Umum. Services by Commercial Banks.
2. Peraturan OJK No. 32/POJK.03/2018 2. OJK Regulation No. 32/POJK.03/2018
tanggal 27 Desember 2018 tentang Batas dated December 27, 2018, concerning
Maksimum Pemberian Kredit Dan the Maximum Limit for Credit and Large
Penyediaan Dana Besar Bagi Bank Exposures for Commercial Banks.
Umum.
3. Peraturan OJK No. 11/ POJK.03/2019 3. OJK Regulation No. 11/POJK.03/2019
tanggal 28 Maret 2019 tentang Prinsip dated March 28, 2019, concerning the
Kehati-hatian Dalam Aktivitas Principles of Prudence in Asset
Sekuritisasi Aset Bagi Bank Umum. Securitization Activities for Commercial
Banks.
4. Peraturan OJK No. 31/POJK.03/2019 4. OJK Regulation No. 31/POJK.03/2019
tanggal 2 Desember 2019 tentang dated December 2, 2019, concerning
Kewajiban Pemenuhan Rasio the Obligation to Meet the Leverage
Pengungkit Bagi Bank Umum. Ratio for Commercial Banks.
5. Peraturan OJK No. 37/POJK.03/2019 5. OJK Regulation No. 37/POJK.03/2019
tanggal 19 Desember 2019 tentang dated December 19, 2019, concerning
Transparansi Dan Publikasi Laporan Transparency and Publication of Bank
Bank. Reports.
6. Peraturan Bank Indonesia No. 6. Bank Indonesia Regulation No.
23/17/PBI/2021 tanggal 17 Desember 23/17/PBI/2021 dated December 17,
2021 tentang Perubahan Ketiga atas 2021, concerning the Third Amendment
Peraturan Bank Indonesia to Bank Indonesia Regulation No.
No.20/4/PBI/2018 Tentang Rasio 20/4/PBI/2018 on the Macroprudential
Intermediasi Makroprudensial dan Intermediation Ratio and
Penyangga Likuiditas Makroprudensial Macroprudential Liquidity Buffer for
Bagi Bank Umum Konvensional, Bank Conventional Commercial Banks,
Umum Syariah, dan Unit Usaha Syariah. Sharia Commercial Banks, and Sharia
Business Units.
7. Peraturan Otoritas Jasa Keuangan No. 7. OJK Regulation No. 38/POJK.03/2017
38/POJK.03/2017 tentang Penerapan concerning the Implementation of
Manajemen Risiko Konsolidasi Bagi Consolidated Risk Management for
Bank Yang Melakukan Pengendalian Banks Controlling Subsidiaries.
Terhadap Perusahaan Anak.
8. Surat Edaran OJK 8. OJK Circular Letter No.
No.34/SEOJK.03/2016 tanggal 1 34/SEOJK.03/2016 dated September 1,
September 2016 tentang Penerapan 2016, concerning the Implementation of
Manajemen Risiko Bagi Bank Umum. Risk Management for Commercial
Banks.
320
Page 956
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Dasar Penerapan Manajemen Risiko Basis for Risk Management Implementation
(lanjutan) (continued)
Dalam penerapan manajemen risiko. BTN In the implementation of risk management. BTN
senantiasa patuh dan taat terhadap regulasi dan consistently adheres to and complies with the
perundang-undangan yang berlaku di Indonesia regulations and laws applicable in Indonesia by
dengan mengacu pada: (lanjutan) referring to: (continued)
9. Surat Edaran OJK 9. OJK Circular Letter No.
No.13/SEOJK.03/2017 tanggal 17 13/SEOJK.03/2017 dated March 17,
Maret 2017 tentang Penerapan Tata 2017, concerning the Implementation of
Kelola Bagi Bank Umum. Governance for Commercial Banks.
10. Surat Edaran OJK 10. OJK Circular Letter No.
No.14/SEOJK.03/2017 tanggal 17 14/SEOJK.03/2017 dated March 17, 2017,
Maret 2017 tentang Penilaian Tingkat concerning the Assessment of the Health
Kesehatan Bank Umum. Level of Commercial Banks.
11. Surat Edaran OJK 11. OJK Circular Letter No. 6/SEOJK.03/2020
No.6/SEOJK.03/2020 tanggal 29 April dated April 29, 2020, concerning the
2020 tentang Perhitungan Aset Calculation of Risk-Weighted Assets for
Tertimbang Menurut Risiko untuk Risiko Operational Risk Using the Standardized
Operasional dengan Menggunakan Approach for Commercial Banks.
Pendekatan Standar Bagi Bank Umum.
12. Surat Edaran OJK 12. OJK Circular Letter No.
No.16/SEOJK.04/2021 tanggal 29 Juni 16/SEOJK.04/2021 dated June 29, 2021,
2021 tentang Bentuk dan Isi Laporan concerning the Format and Content of the
Tahunan Emiten Atau Perusahaan Annual Report for Issuers or Public
Publik Companies.
13. Undang Undang No.4 Tahun 2023 13. Law No. 4 of 2023 concerning the
tentang Pengembangan dan Penguatan Development and Strengthening of the
Sektor Jasa Keuangan (UU P2SK) Financial Services Sector (P2SK Law).
14. Peraturan Lembaga Penjamin 14. Deposit Insurance Corporation (LPS)
Simpanan Regulation No. 2 of 2024 dated August 13,
No. 2 Tahun 2024 tanggal 13 Agustus 2024, concerning Resolution Plans for
2024 tentang Rencana Resolusi Bagi Commercial Banks.
Bank Umum.
15. Peraturan Lembaga Penjamin 15. LPS Regulation No. 1 of 2021 dated March
Simpanan No.1 Tahun 2021 tanggal 30 30, 2021, concerning Resolution Plans for
Maret 2021 tentang Rencana Resolusi Commercial Banks.
bagi Bank Umum.
16. Peraturan OJK No.22 Tahun 2023 16. OJK Regulation No. 22 of 2023
perihal Perubahan Kedua Peraturan concerning the Second Amendment to
OJK No.11/POJK.03/2016 tanggal 2 OJK Regulation No. 11/POJK.03/2016
Februari 2016 tentang Kewajiban dated February 2, 2016, concerning the
Penyediaan Modal Minimum Bank Minimum Capital Requirement for
Umum. Commercial Banks
17. SEOJK No.24/SEOJK.03/2021 tanggal 17. OJK Circular Letter No.
7 Oktober 2021 tentang Perhitungan 24/SEOJK.03/2021 dated October 7,
Aset Tertimbang Menurut Risiko untuk 2021, concerning the Calculation of Risk-
Risiko Kredit dengan menggunakan Weighted Assets for Credit Risk Using the
Pendekatan Standar Bagi Bank Umum Standardized Approach for Commercial
Banks.
321
Page 957
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Dasar Penerapan Manajemen Risiko Basis for Risk Management Implementation
(lanjutan) (continued)
Dalam penerapan manajemen risiko. BTN In the implementation of risk management. BTN
senantiasa patuh dan taat terhadap regulasi dan consistently adheres to and complies with the
perundang-undangan yang berlaku di Indonesia regulations and laws applicable in Indonesia by
dengan mengacu pada: (lanjutan) referring to: (continued)
18. SEOJK No.23/SEOJK.03/2022 tanggal 18. OJK Circular Letter No.
7 Desember 2022 tentang Perhitungan 23/SEOJK.03/2022 dated December 7,
Aset Tertimbang Menurut Risiko untuk 2022, concerning the Calculation of Risk-
Risiko Pasar Bagi Bank Umum Weighted Assets for Market Risk for
Commercial Banks.
19. Peraturan Menteri Badan Usaha Milik 19. Ministry of State-Owned Enterprises
Negara No.PER-2/MBU/03/2023 Tahun Regulation No. PER-2/MBU/03/2023
2023 tanggal 24 Maret 2023 tentang dated March 24, 2023, concerning the
Pedoman Tata Kelola dan Kegiatan Governance and Significant Corporate
Korporasi Signifikan Badan Usaha Milik Activities Guidelines for State-Owned
Negara Enterprises
Bank melakukan manajemen risiko yang meliputi Bank conducts risk management, which
seluruh jenis risiko yang wajib dilakukan dan encompasses all types of risks that must be
ditanamkan secara mendarah daging oleh undertaken and ingrained at all levels of the
seluruh jenjang organisasi melalui penerapan organisation through the implementation of a risk
Budaya Risiko. Selain itu, BTN juga menerapkan culture. In addition, BTN also implements
pemantauan, tindak lanjut, serta penilaian indeks monitoring, follow-up, and comprehensive
maturitas manajemen risiko secara terintegrasi integrated assessment of the risk management
menyeluruh di setiap level organisasi BTN yang maturity index at every level of the BTN
menjadi bagian tidak terpisahkan dari organisation, making it an integral part of BTN's
manajemen Risiko BTN. risk management.
Manajemen Risiko dilaksanakan secara Individu Risk Management is implemented both
dan konsolidasi dengan tetap memperhatikan individually and in a consolidated manner, while
regulasi dan karakteristik bisnis BTN. still considering regulations and BTN's business
Pelaksanaan penerapan Manajemen Risiko characteristics. The implementation of BTN's
Konsolidasi BTN diatur dalam ketentuan Consolidated Risk Management is governed by
tersendiri sesuai ketentuan Regulator yang separate provisions in accordance with the
berlaku. Kebijakan Umum Manajemen Risiko applicable regulatory requirements. The General
dijadikan sebagai pedoman utama dalam Risk Management Policy serves as the primary
melaksanakan pengelolaan Risiko secara guideline for operational risk management and
operasional dan pengelolaan modal BTN, yang capital management at BTN, which includes:
mencakup:
1. Prinsip kehati-hatian pada setiap aspek 1. Principles of prudence in every aspect of BTN's
proses dan aktivitas bisnis BTN, antara lain: business processes and activities, including:
Management Portfolio, Kebijakan Management Portfolio, Credit/Financing
Perkreditan/Pembiayaan, Penyediaan Policies, Capital Adequacy, Early Warning
Kecukupan Modal, Early Warning System System for SME and Wholesale credit, Limit
untuk kredit UMKM dan Wholesale, Setting, and Risk Diversification.
Penetapan Limit, dan Diversifikasi Risiko.
322
Page 958
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Manajemen Risiko dilaksanakan secara Individu Risk Management is implemented both
dan konsolidasi dengan tetap memperhatikan individually and in a consolidated manner, while
regulasi dan karakteristik bisnis BTN. still considering regulations and BTN's business
Pelaksanaan penerapan Manajemen Risiko characteristics. The implementation of BTN's
Konsolidasi BTN diatur dalam ketentuan Consolidated Risk Management is governed by
tersendiri sesuai ketentuan Regulator yang separate provisions in accordance with the
berlaku. Kebijakan Umum Manajemen Risiko applicable regulatory requirements. The General
dijadikan sebagai pedoman utama dalam Risk Management Policy serves as the primary
melaksanakan pengelolaan Risiko secara guideline for operational risk management and
operasional dan pengelolaan modal BTN, yang capital management at BTN, which includes:
mencakup: (lanjutan) (continued)
2. Manajemen Risiko, antara lain: Risk Appetite, 2. Risk Management, including: Risk Appetite,
Risk Tolerance, Risk Profile, Stress Testing, Risk Tolerance, Risk Profile, Stress Testing,
dan Manajemen Risiko Terintegrasi (apabila and Integrated Risk Management (if BTN has
BTN telah memiliki Perusahaan Anak). Dalam subsidiaries). In implementing Risk
penerapan Manajemen Risiko, BTN Management, BTN applies the 4 (four) pillars of
menerapkan 4 (empat) pilar Manajemen Risk Management effectively in accordance with
Risiko secara efektif sesuai dengan ketentuan regulatory requirements, namely:
Regulator yakni:
a. Pengawasan aktif Direksi dan Dewan a. Active oversight by the Board of Directors
Komisaris; and Board of Commissioners;
b. Kecukupan kebijakan & prosedur b. Adequacy of Risk Management policies &
Manajemen Risiko dan penetapan limit; procedures and limit setting;
c. Kecukupan proses identifikasi, c. Adequacy of risk identification,
pengukuran, pemantauan dan measurement, monitoring, and control
pengendalian Risiko serta Sistem processes, as well as Risk Management
Informasi Manajemen Risiko; dan Information Systems; and
d. Sistem pengendalian internal yang d. Comprehensive internal control systems.
menyeluruh.
3. Manajemen Risiko untuk masing-masing jenis 3. Risk Management for each type of risk, which
Risiko, yang meliputi: proses identifikasi, includes: processes for identifying, measuring,
pengukuran, pemantauan, dan pengendalian monitoring, and controlling risk.
Risiko.
4. Pengawasan Risiko, yang meliputi: 4. Risk Oversight, which includes: monitoring the
pemantauan penerapan aktivitas/metodologi implementation of risk management
pengelolaan Risiko Bank dan Sistem activities/methodologies and Internal Control
Pengendalian Internal. Systems.
5. Dalam penerapan Manajemen Risiko, Bank 5. In implementing Risk Management, the Bank
menetapkan klasifikasi risikoberdasarkan classifies BUMN risks based on the level of Risk
tingkat Intensitas Risiko dengan Intensity, considering the size and complexity
mempertimbangkan dimensi ukuran dan dimensions of BTN in accordance with the
kompleksitas BTN sesuai dengan ketentuan applicable regulatory requirements in the
Regulator yang berlaku pada industri banking industry.
perbankan.
6. Climate Risk Management & Analysis dalam 6. Climate Risk Management & Analysis for
rangka manajemen risiko iklim pada industri managing climate risk in the banking industry,
perbankan, khususnya terkait dampaknya particularly concerning its impact on credit,
terhadap risiko kredit, pasar, likuiditas, dan market, liquidity, and operational risks of the
operasional Bank. Bank.
323
Page 959
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Dalam menjalankan penerapan manajemen To implement sound risk management,
risiko yang sehat diperlukan kecukupan adequate risk management policies and
kebijakan dan prosedur manajemen risiko yang procedures are essential. The mapping of
baik. Pemetaan kebijakan umum manajemen general risk management policies is outlined in
risiko digambarkan mulai dari strategi the risk management strategy, risk
manajemen risiko, pengelolaan risiko pada management within the bank, and the expected
Bank dan output yang diharapkan adalah output, which is a healthy bank health level.
tingkat kesehatan bank yang sehat.
BTN telah mengembangkan strategi BTN has developed a risk management
manajemen risiko yang sejalan dengan tujuan strategy that aligns with its business objectives
bisnisnya, dengan menerapkan Risk Appetite by implementing Risk Appetite Framework to
Framework untuk menetapkan batas risiko yang establish acceptable risk limits in accordance
dapat diterima sesuai dengan risk capacity with the Bank’s risk capacity.
Bank.
BTN telah memiliki Risk Appetite Statement BTN has a Risk Appetite Statement (RAS)
(RAS) yang merupakan pernyataan kualitatif which provides both qualitative and quantitative
serta ukuran kuantitatif dari risiko-risiko utama measures of the Bank's key risks. The RAS is
Bank. Pengungkapan RAS dilakukan secara disclosed in writing and thoroughly documented
tertulis dan didokumentasikan dengan baik oleh by the Risk Management Unit. The limits for the
Satuan Kerja Manajemen Risiko. Penetapan RAS are established by the Board of
Limit RAS dilakukan oleh Dewan Komisaris dan Commissioners and the Board of Directors.
Direksi. Dalam penetapan RAS, telah When setting the RAS, considerations include
memperhatikan keberlanjutan ekonomi, economic sustainability, environmental
keberlanjutan lingkungan dan keberlanjutan sustainability, and social sustainability, which
sosial yang kemudian diselaraskan pada are then integrated into the development of the
penyusunan Rencana Kerja Anggaran Company’s Budget Work Plan, Risk Appetite,
Perusahaan, Risk Appetite, Risk Tolerance dan Risk Tolerance, and Recovery Plan.
Recovery Plan.
BTN telah menyusun rencana aksi pemulihan BTN has prepared a recovery action plan as
sebagaimana diatur pada stipulated in OJK Regulation No. 5 of 2024
Peraturan OJK No. 5 Tahun 2024 tentang concerning the Determination of Supervision
Penetapan Status Pengawasan dan Status and Handling of Commercial Bank
Penanganan Permasalahan Bank Umum. Issues. The Recovery Plan is a plan to address
Recovery Plan merupakan rencana untuk financial problems that may arise at the Bank.
mengatasi permasalahan keuangan yang The Bank has also prepared a resolution plan in
mungkin terjadi di Bank. Bank juga telah accordance with the provisions of
Menyusun rencana resolusi (resolution plan) PLPS No. 2 of 2024. The resolution plan is a
sesuai dengan aturan pada plan of resolution actions to maintain the
PLPS No. 2 Tahun 2024. Resolution plan continuity of the Bank's critical economic
merupakan rencana Tindakan resolusi dalam functions without causing disruption to the
rangka menjaga keberlangsungan fungsi stability of the financial system.
ekonomi penting (critical economic function)
Bank tanpa menyebabkan gangguan pada
stabilitas system keuangan.
324
Page 960
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Guna melengkapi pengukuran risiko khususnya In measuring risks, particularly market risk and
risiko pasar dan risiko likuiditas, Bank melakukan liquidity risk, the Bank conducts stress testing
stress test dengan worst case scenario. Selain using worst case scenario in addition to
melakukan scenario analysis terhadap aktivitas scenario analysis of the Bank's activities as a
bank secara keseluruhan, Bank juga melakukan whole. The Bank also performs scenario
scenario analysis terhadap aktivitas tertentu, analysis on specific activities, especially new
khususnya aktivitas baru, yang berpotensi activity, which could potentially increase the
meningkatkan eksposur risiko suku bunga. interest rate risk exposure. Currently, the stress
Stress Test yang dilakukan oleh Bank fokus pada tests conducted by the Bank is focused on 3
3 (tiga) jenis risiko yaitu risiko kredit, risiko pasar (three) types of risks, namely, credit risk, market
dan risiko likuiditas. Untuk menyempurnakan risk (including interest rate risk) and liquidity
pengukuran risiko khususnya risiko pasar, risiko risk. To improve the measurement of market
likuiditas dan risiko kredit, Bank melakukan risk, liquidity risk and credit risk, the Bank
stress test terhadap worst case scenario conduct stress test on worst case scenario as
sebagaimana diatur dalam PT.8-A.6 regulated in PT.8-A.6 Implementation for Stress
Pelaksanaan Stress Test perihal Petunjuk Testing regarding The Guidelines of
Pelaksanaan Stress Testing dengan frekuensi Implementation for Stress Testing with a
minimal 1 (satu) tahun sekali untuk risiko kredit minimum frequency of 1 (one) year for credit
dan risiko pasar serta per triwulan untuk risiko risk and market risk and quarterly for liquidity
likuiditas. risk.
Bank melakukan stress testing secara berkala The bank conducts stress testing on a regular
untuk menilai kecukupan modal dalam hal basis to assess capital adequacy in the event of
terjadinya kejadian-kejadian risiko yang bersifat extreme or catastrophic risk events. During the
ekstrim atau catastrophe. Selama periode yang period in question, four stress tests were
dimaksud, telah dilakukan 6 (lima) kali stress conducted on liquidity risk, credit risk, and
testing atas Risiko Likuiditas, Risiko Kredit, dan market risk. Three of these were internal stress
Risiko Pasar. Empat di antaranya merupakan tests based on the fourth quarter of 2024, the
stress testing internal yang mengacu pada based first quarter of 2025, and the second quarter of
number Triwulan IV Tahun 2024, Triwulan I 2025. The other stress test was a BUST stress
Tahun 2025, Triwulan II Tahun 2025, dan test based on the fourth quarter of 2024, which
Triwulan III Tahun 2025. Sementara dua stress was submitted to the Financial Services
testing lainnya merupakan stress test BUST Authority (OJK) and approved by the Board of
dengan based number Triwulan IV Tahun 2024 Directors.
dan reverse stress test dengan based numer Juni
2025, yang telah disampaikan kepada Otoritas
Jasa Keuangan (OJK) dan memperoleh
persetujuan dari Direksi.
325
Page 961
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Dalam melakukan proses penerapan Manajemen In carrying out an effective Risk Management
Risiko yang efektif, Bank melengkapi sistem process, the Bank supports its internal control
pengendalian internal yang bertujuan untuk system to protect the Bank's assets, ensure
menjaga aset Bank, menjamin tersedianya reliable financial and managerial reporting,
pelaporan keuangan dan manajerial yang dapat enhance compliance with laws and regulations,
dipercaya, meningkatkan kepatuhan terhadap and minimize the risk of losses, deviations, and
ketentuan dan peraturan perundang-undangan, breaches of prudence. The establishment of a
serta mengurangi risiko terjadinya kerugian, reliable and effective internal control system is
penyimpangan dan pelanggaran aspek kehati- the responsibility of all operational units,
hatian. Terselenggaranya sistem pengendalian supporting units, and the Internal Audit Unit.
internal yang handal dan efektif menjadi
tanggung jawab dari seluruh satuan kerja
operasional dan satuan kerja pendukung serta
Satuan Kerja Audit Internal.
Dalam penguatan kebijakan dan prosedur In strengthening risk management policies and
manajemen risiko, dalam pelaksanaannya BTN procedures, BTN also incorporates risk
juga memasukkan manajemen risiko sebagai management as one of the pillars of BTN’s
salah satu pilar budaya perusahaan BTN, corporate culture. One of these cultural pillars is
dimana salah satu pilar budaya perusahaan Governance & Risk Culture. The Governance &
adalah Governance & Risk Culture. Pilar Risk Culture pillar is crucial to reinforce,
Governance & Risk Culture merupakan pilar ensuring that all business processes are
yang krusial untuk diperkuat sehingga seluruh conducted prudently and in compliance.
proses bisnis berjalan dengan prudent dan
comply.
Dalam rangka meningkatkan dan In order to improve and optimize services to the
mengoptimalkan pelayanan kepada masyarakat public, especially in the Commercial and
khususnya dalam bisnis Commercial dan Corporate Loan business, as well as to increase
Corporate Loan serta meningkatkan pendapatan Bank revenue through the provision of Credit
Bank dapat melalui pemberian fasilitas Credit Line facilities to Non-Financial Institutions. In
Line kepada Non Lembaga Keuangan. Dalam the process of granting Credit Line Facilities for
proses pemberian Fasilitas Credit Line kepada Non-Financial Institutions, the credit risk
Non Lembaga Keuangan sudah melibatkan unit management unit has been involved, starting
manajemen risiko kredit mulai dari pengumpulan from data collection to the decision process for
data hingga proses keputusan pemberian granting Credit Line Facilities for Non-Financial
Fasilitas Credit Line kepada Non Lembaga Institutions. The results of the limit
Keuangan. Hasil penetapan limit fasilitas Credit determination of Credit Line facilities to
Line kepada Counterparty didasarkan atas Counterparties are based on analysis of legal
analisa aspek legal, rating perusahaan, aspek aspects, company ratings, management
manajemen, aspek keuangan, aspek industri, aspects, financial aspects, industrial aspects,
aspek pemasaran, dan aspek agunan. marketing aspects, and collateral aspects.
Manajemen Risiko Pasar juga melakukan Market Risk Management also monitors
pengawasan transaksi terhadap limit fasilitas transactions on Credit Line facility limits for Non-
Credit Line kepada Non Lembaga Keuangan Financial Institutions on a daily basis.
secara harian.
326
Page 962
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Struktur Manajemen Risiko Risk Management Structure
Tata kelola risiko Bank yang berlandaskan The Bank’s risk governance, which is based on
prinsip GCG terwujud dari terlibatnya seluruh the principles of GCG, involves the entire Bank
organ Bank dalam pengelolaan manajemen in managing risks. This can be seen in the
risiko. Hal ini dapat dilihat dari susunan composition of the Bank's risk management
organisasi manajemen risiko Bank. Dewan organizational structure. The Board of
Komisaris dan Direksi bertanggung jawab untuk Commissioners (BOC) and Board of Directors
memastikan penerapan Manajemen Risiko telah (BOD) are responsible for ensuring the proper
memadai sesuai dengan karakteristik, implementation of risk management in
kompleksitas dan profil risiko Bank. Dewan accordance to the characteristics, complexity
Komisaris dan Direksi berperan aktif pada proses and risk profile of the Bank. The BOC and BOD
manajemen risiko dalam rangka memitigasi risiko play an active role in the risk management
Bank melalui Kualitas Penerapan Manajemen process in order to mitigate the risk of the Bank
Risiko yang meliputi tata kelola risiko, kerangka through Quality of Risk Management
manajemen risiko, proses manajemen risiko, Implementation which covers risk governance,
kecukupan sumber daya manusia, dan risk management framework, risk management
kecukupan sistem informasi manajemen risiko, process, the adequacy of human resources and
serta kecukupan sistem pengendalian risiko. risk management information systems, as well
as the adequacy of risk management systems.
Komite Pemantau Risiko Risk Monitoring Committee
Komite Pemantau Risiko bertugas dan The Risk Monitoring Committee is responsible
bertanggung jawab dalam memberikan for providing recommendations to the Board of
rekomendasi kepada Dewan Komisaris dengan Commissioners by evaluating the Bank's risk
melakukan evaluasi atas pedoman kebijakan management policy guidelines (Credit Risk,
manajemen risiko Bank (Risiko Kredit, Risiko Market Risk, Liquidity Risk, Operational Risk,
Pasar, Risiko Likuiditas, Risiko Operasional, Strategic Risk, Compliance Risk and
Risiko Hukum, Risiko Stratejik, Risiko Kepatuhan Reputational Risk), evaluating according to the
dan Risiko Reputasi), melakukan evaluasi policy guidelines and monitoring the duties of
kesesuaian antara pedoman kebijakan Risk Management Comittee. In carrying out its
manajemen risiko dengan pelaksanaannya dan duties, the Risk Monitoring Committee with the
melakukan pemantauan serta mengevaluasi Enterprise Risk Management Division regularly
pelaksanaan tugas Komite Manajemen Risiko discuss issues about Risk Profile, Bank
dan Komite Manajemen Risiko Terintegrasi. Soundness Level, Recovery Plan and other
Dalam melaksanakan tugas dan tanggung matters related to Bank risk management
jawabnya, Komite Pemantau Risiko mengadakan including reviewing the Risk Management
rapat dengan Enterprise & ESG Risk Policy Guidelines in which there are Risk
Management Division secara berkala membahas Appetite and Risk Tolerance Bank.
isu-isu terkini, Profil Risiko Triwulanan (Individu &
Konsolidasi), Tingkat Kesehatan Bank (Individu
& Konsolidasi), Recovery Plan dan hal-hal yang
terkait dengan manajemen risiko Bank termasuk
ikut mereview Pedoman Kebijakan Manajemen
Risiko yang didalamnya terdapat Risk Appetite
dan Risk Tolerance Bank.
327
Page 963
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Struktur Manajemen Risiko (lanjutan) Risk Management Structure (continued)
Komite Manajemen Risiko Risk Management Committee
Komite Manajemen Risiko (KMR) berperan aktif The Bank’s Risk Management Committee (RMC)
dalam memberikan pertimbangan-pertimbangan is actively involved in providing advice on the
terhadap risiko yang melekat pada kebijakan inherent risks associated to new policies to be
yang akan ditetapkan Direksi maupun established by the BOD and providing evaluation
memberikan evaluasi terhadap ketentuan- to the regulations that are considered to be
ketentuan yang dinilai kurang sesuai dengan outdated and require updating. The RMC is also
perkembangan terkini dan perlu dilakukan actively involved in conducting risk measurement
penyesuaian. KMR terlibat secara aktif dalam of the risks associated to new products and/or
melakukan penilaian risiko yang melekat pada services to enable the Bank to take the
setiap produk dan/atau jasa/aktivitas baru necessary mitigating actions. The RMC may
sehingga Bank dapat melakukan langkah- evaluate the Risk Management Policy
langkah mitigasi yang diperlukan. Selain itu Guidelines, if necessary.
apabila dipandang perlu, KMR dapat melakukan
evaluasi terhadap Pedoman Kebijakan
Manajemen Risiko (PKMR).
Komite Manajemen Risiko Terintegrasi Integrated Risk Management Committee
Komite Manajemen Risiko Terintegrasi memiliki The Integrated Risk Management Committee
peran yang sangat penting dalam memberikan plays a very important role in providing
pertimbangan terkait risiko yang dapat considerations related to risks that may affect
mempengaruhi eksposur Risiko Konglomerasi Financial Conglomerate Risk exposure,
Keuangan, terutama yang terkait dengan especially those related to policies to be
kebijakan yang akan ditetapkan oleh Direksi. determined by the Board of Directors. This
Komite ini juga bertugas mengevaluasi committee is also tasked with evaluating
ketentuan-ketentuan yang dinilai sudah tidak provisions that are deemed no longer in line with
sesuai dengan perkembangan terkini dan current developments and require adjustment.
memerlukan penyesuaian. Komite Manajemen The Integrated Risk Management Committee is
Risiko Terintegrasi terlibat langsung dalam directly involved in the integrated risk
penilaian risiko terintegrasi yang terkait dengan assessment of each new product, service, or
setiap produk, layanan, atau aktivitas baru, activity, enabling the Bank to take appropriate
sehingga Bank dapat mengambil langkah- mitigation measures. If deemed necessary, this
langkah mitigasi yang tepat. Apabila dianggap Committee may also evaluate the Integrated
perlu, Komite ini juga dapat melakukan evaluasi Risk Management Policy Guidelines (PKMR).
terhadap Pedoman Kebijakan Manajemen Risiko
Terintegrasi (PKMR).
328
Page 964
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Struktur Manajemen Risiko (lanjutan) Risk Management Structure (continued)
Komite ESG ESG Committee
Komite ESG berperan dalam memetakan dan The ESG Committee plays a role in mapping and
menyusun kebijakan/strategi Program ESG dan formulating policies/strategies for the ESG and
TJSL serta melakukan monitoring dan evaluasi SJSL Program as well as monitoring and
pelaksanaan Program ESG dan TJSL. Komite evaluating the implementation of the ESG and
ESG menetapkan langkah-langkah perbaikan SJSL Program. The ESG Committee determines
mengenai hal-hal yang berkaitan dengan corrective measures on matters relating to the
Program ESG dan TJSL mencakupi Community ESG and CSR Programs including Community
Development, Pendanaan Usaha Mikro dan Kecil Development, Funding for Micro and Small
(PUMK), Rencana Aksi Keuangan Berkelanjutan, Enterprises (PUMK), Sustainable Finance Action
serta kegiatan bisnis dalam rangka tanggung Plan, as well as business activities in the context
jawab Bank kepada masyarakat atas risiko bisnis of the Bank's responsibility to the community for
yang ditimbulkan oleh Bank dan melaporkannya business risks incurred by the Bank and reports
kepada Direksi. Selain itu, Komite ESG juga them to the Board of Directors. In addition, the
memantau penerapan monitoring atas ESG Committee also monitors the
implementasi Strategi dan Roadmap ESG Bank. implementation of the Bank's ESG Strategy and
Roadmap.
Satuan Kerja Manajemen Risiko Risk Management Division
Enterprise & ESG Risk Management Division Enterprise & ESG Risk Management Division
(ERMD) merupakan Satuan Kerja Manajemen (ERMD) is a Risk Management Working Unit
Risiko (SKMR) pada Bank, dipimpin oleh (RMWU) at the Bank, led by a Division Head that
seorang Kepala Divisi yang bertanggung jawab is responsible directly to the Risk Management
langsung kepada Direktur Risk Management. Director.
329
Page 965
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Struktur Manajemen Risiko (lanjutan) Risk Management Structure (continued)
Satuan Kerja Manajemen Risiko (lanjutan) Risk Management Division (continued)
Struktur organisasi Enterprise & ESG Risk The organizational structure of the Enterprise &
Management Division terdiri dari Market & ESG Risk Management Division consists of the
Liquidity Risk Management Department, Credit Market & Liquidity Risk Management
Portofolio Risk Management Department, Department, Credit Portofolio Risk Management
Integrated Risk Management Department, Department, Integrated Risk Management
Environmental, Social, & Governance (ESG) Department, Environmental, Social, &
Department, Model Development Department Governance (ESG) Department, Model
dan Model Validation Department. Development Department and Model Validation
Department.
Satuan Kerja Manajemen Risiko Operasional & Digital & Operations Risk Management Division
Digital
Digital & Operations Risk Management Division Digital & Operations Risk Management Division
(DORD) merupakan Satuan Kerja Manajemen (DORD) is a Risk Management Work Unit
Risiko (SKMR) pada Bank, dipimpin oleh seorang (SKMR) at the Bank, led by a Division Head who
Kepala Divisi yang bertanggung jawab langsung is directly responsible to the Director of Risk
kepada Direktur Risk Management. Struktur Management. The organizational structure of the
organisasi Digital & Operations Risk Digital & Operational Risk Management Division
Management Division terdiri dari Fraud Risk consists of the Fraud Risk Management
Management Department, Digital Risk Department, Digital Risk Management
Management Department, Operational Risk Department, Operational Risk Management
Management Department, Regional Operational Department, Regional Operational Risk Control
Risk Control Department, dan Operational Risk Department, and Operational Risk Control
Control (ORC) Departement yang terdiri dari 4 Department (ORC) which consists of 4
Bidang Direktorat yaitu ORC Retail Banking, Directorate Fields, namely ORC Retail Banking,
ORC Wholesale Banking, ORC Risk & Assets ORC Wholesale Banking, ORC Risk & Assets
Management, dan ORC Operation & Human Management, and ORC Operation & Human
Capital. Capital.
Bank telah memiliki panduan kebijakan di bidang The Bank’s risk management policies are
manajemen risiko yaitu Pedoman Kebijakan formalized in the RMPM. RMPM sets out the
Manajemen Risiko (PKMR) di mana di dalamnya minimum requirements based on Bank Indonesia
telah mencakup ketentuan-ketentuan minimal regulations. A regular review is conducted on
yang disyaratkan di dalam Peraturan Bank internal policies to comply with the prevailing
Indonesia. Pengkajian ulang terhadap kebijakan regulations from regulatory bodies. Gap analysis
internal juga dilakukan agar sesuai dengan are performed and best practices are applied to
ketentuan terkini dari regulator dengan enhance the quality of the risk management
melakukan gap analysis serta mengakomodasi implementation.
best practices yang lazim digunakan untuk
meningkatkan kualitas penerapan manajemen
risiko.
330
Page 966
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Kebijakan dan Prosedur Pengelolaan Risk Management Policies and Procedures
Manajemen Risiko
Sistem informasi manajemen risiko pada tahap The Bank also performs risk management on
awal difokuskan pada pengumpulan dan information systems which focuses on risk
perbaikan database risiko yang diharapkan dapat database collection and improvement. The data
dikembangkan dan diaplikasikan ke dalam is gradually developed and applied in the
sistem teknologi informasi secara bertahap agar information technology system so that risk
proses pengukuran risiko dan pemantauan risiko measurement and monitoring can be integrated
dapat dilakukan secara terintegrasi dan dapat into the Bank’s risk management on a timely
disajikan secara tepat waktu. basis.
Profil Risiko Risk Profile
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on Financial Services Authority
(POJK) No. 38/POJK.03/2017 tentang Regulation (POJK) No. 38/POJK.03/2017
Penerapan Manajemen Risiko secara concerning the Implementation of Consolidated
Konsolidasi bagi Bank yang Melakukan Risk Management for Bank Controlling
Pengendalian terhadap Perusahaan Anak, Subsidiary Companies, the ERMD is obligated to
ERMD memiliki kewajiban untuk menyampaikan submit consolidated and individual risk profile
laporan profil risiko secara konsolidasi maupun reports to the Financial Services Authority (OJK)
individual kepada Otoritas Jasa Keuangan setiap on a quarterly basis. These reports cover
triwulan. Laporan tersebut mencakup eksposur exposures to various types of risks, including:
terhadap berbagai jenis risiko, antara lain: risiko credit risk, market risk, liquidity risk, operational
kredit, risiko pasar, risiko likuiditas, risiko risk, compliance risk, legal risk, reputational risk,
operasional, risiko kepatuhan, risiko hukum, and strategic risk. Additionally, the regulation
risiko reputasi, dan risiko strategis. Selain itu, also stipulates the Bank’s obligation to submit
peraturan tersebut juga mengatur kewajiban consolidated and individual Bank Soundness
Bank untuk menyampaikan laporan tingkat Level reports, which are submitted
kesehatan Bank baik secara konsolidasi maupun semi-annually. Furthermore, referring to POJK
individual, yang disampaikan secara semesteran. No. 4/POJK.03/2016 dated January 26, 2016,
Di samping itu, merujuk pada POJK and SEOJK No. 14/SEOJK.03/2017 dated
No. 4/POJK.03/2016 tanggal 26 Januari 2016 March 17, 2017, concerning the Assessment of
dan SEOJK No. 14/SEOJK.03/2017 tanggal Commercial Banks’ Soundness Level, the
17 Maret 2017 tentang Penilaian Tingkat assessment evaluates the risk profile factor,
Kesehatan Bank Umum, penilaian dilakukan which includes an assessment of inherent risks
terhadap faktor profil risiko, yang mencakup and the quality of risk management
penilaian atas risiko inheren serta kualitas implementation in the Bank’s operational
penerapan manajemen risiko dalam kegiatan activities
operasional Bank.
331
Page 967
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Profil Risiko (lanjutan) Risk Profile (continued)
Secara umum, sesuai dengan penilaian secara In general, the Bank’s composite risk profile
self assessment Profil Risiko Bank Konsolidasi during the third quarter of 2025 is low to
dan Individu triwulan III tahun 2025, diupayakan moderate, which is reflected in the moderate
berada pada tingkat Low to Moderate yang inherent risk level and satisfactory level of quality
tercermin dari tingkat risiko inherent moderate of risk management implementation. Inherent
dan tingkat kualitas penerapan manajemen risiko risks include business strategy, business
dengan peringkat satisfactory. Risiko Inheren characteristics, complexity of products and
meliputi strategi bisnis, karakteristik bisnis, activities of the Bank, the industry in which the
kompleksitas produk dan aktivitas Bank, industri Bank conducts business, as well as
dimana Bank melakukan kegiatan usaha, serta macroeconomic conditions. The quality of risk
kondisi makro ekonomi. Kualitas Penerapan management implementation covers risk
Manajemen Risiko meliputi tata kelola risiko, governance, risk management framework, risk
kerangka manajemen risiko, proses manajemen management process, the adequacy of human
risiko, kecukupan sumber daya manusia, dan resources and risk management information
kecukupan sistem informasi manajemen risiko, systems, as well as the adequacy of the risk
serta kecukupan sistem pengendalian risiko. management system.
Risiko Operasional Operational Risk
Risiko Operasional yang timbul harus segera Operational risk arising should be anticipated.
diantisipasi. Pencadangan modal yang dilakukan Provision of capital held by bank is calculated
Bank dihitung berdasarkan kebutuhan modal based on minimum Capital Adequacy Ratio
minimum (CAR) merupakan salah satu langkah (CAR) which is one of anticipatory measures in
antisipasi agar eksposur Risiko Operasional tidak order the operational risk exposure not interfere
sampai mengganggu permodalan. Bank’s capital structure.
Dalam rangka menghitung kebutuhan modal In order to calculate the minimum Capital
minimum (CAR) untuk risiko operasional, Bank Adequacy Ratio (CAR) for operational risk, the
menerapkan Pendekatan Standar (Standardized Bank applies the Standardized Approach, in
Approach), sesuai Surat Edaran Otoritas Jasa accordance with Financial Services Autority
Keuangan Nomor 6/SEOJK.03/2020 tanggal Circular Letter No. 6/SEOJK.03/2020 dated
29 April 2020 tentang Perhitungan Aset April 29, 2020 regarding the calculation of Risk
Tertimbang Menurut Risiko untuk Risiko Weighted Assets (RWA) for Operational Risk
Operasional dengan Menggunakan Pendekatan Calculated using Standardized Approach (SA).
Standar Bagi Bank Umum.
Dalam penerapan manajemen risiko operasional, In implementing operational risk management,
Digital and Operations Risk Management the Digital and Operations Risk Management
Division (DORD) berfungsi memastikan proses Division (DORD) functions to ensure that the
identifikasi, pengukuran, pemantauan dan process of identifying, measuring, monitoring and
pengendalian risiko berjalan dengan efektif pada controlling risks runs effectively in every
setiap aktivitas fungsional, produk atau layanan functional activity, new product or service.
baru.
332
Page 968
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Operasional (lanjutan) Operational Risk (continued)
Dalam rangka melakukan proses identifikasi In order to make the process of identifying risks,
risiko, saat ini Bank sedang mengembangkan the Bank is currently developing applications
aplikasi Operational Risk Management Operations Risk Management Information
Information System (ORMIS). Aplikasi ORMIS ini System (ORMIS). The ORMIS application
terdiri dari tiga modul utama yang terintegrasi consists of three main integrated modules,
yaitu LED, RCSA, dan KRI. namely LED, RCSA, and KRI.
Modul LED (Loss Event Database) dirancang The LED (Loss Event Database) module is
terhubung dengan Kantor Wilayah dan Kantor designed to be connected to Regional Offices
Cabang. Dengan demikian Kantor Wilayah dan and Branch Offices. In this way, Regional Offices
Kantor Cabang dapat secara periodik and Branch Offices can periodically send loss
mengirimkan data loss event masing-masing event data for each office online via ORMIS.
kantor secara online melalui ORMIS.
Data yang terkumpul selanjutnya akan diolah dan The Data collected will be processed and
dianalisis. Dari hasil pengolahan dan analisis analyzed. Processing and analysis of the results
tersebut diharapkan akan teridentifikasi peta are expected to be identified as a risk exposure
eksposur risiko yang diperoleh, selanjutnya akan maps are obtained, further mitigation measures
dilakukan langkah mitigasi terhadap eksposur will be performed against the identified risk
risiko yang teridentifikasi tersebut. exposures.
Modul RCSA (Risk and Control Self-Assessment) The RCSA (Risk and Control Self-Assessment)
digunakan dalam proses identifikasi dan module is used in the process of identifying and
pengukuran risiko operasional yang melekat measuring operational risks inherent in all Bank
pada seluruh aktivitas unit kerja Bank. Oleh work unit activities. Therefore, in completing the
karena itu dalam mengisi RCSA seluruh unit RCSA, all work units are required to be able to
kerja dituntut untuk dapat mengidentifikasi dan identify and measure operational risks that are
mengukur risiko-risiko operasional yang melekat inherent in daily activities and have an impact on
pada aktivitas sehari-hari dan berdampak achieving work unit targets, including
pencapaian sasaran unit kerja termasuk determining the type of control in order to ensure
menetapkan jenis kontrol dalam rangka that all potential risks in each work unit can be
memastikan seluruh potensi risiko pada masing- controlled.
masing unit kerja dapat dikendalikan.
Sedangkan modul KRI merupakan perangkat Meanwhile, the KRI module is a tool for
untuk memantau tren risiko berdasarkan monitoring risk trends based on established risk
indikator risiko yang ditetapkan. Atas indikator indicators. These risk indicators will become the
risiko tersebut akan menjadi dasar untuk basis for preparing anticipatory and corrective
penyusunan langkah antisipasi maupun steps in the future.
perbaikan di masa yang akan datang.
333
Page 969
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Operasional (lanjutan) Operational Risk (continued)
Pengendalian dan mitigasi risiko operasional Controlling and mitigating operational risk is
dilaksanakan oleh seluruh satuan kerja Bank. conducted by risk taking units within the Bank.
Digital and Operations Risk Management The Digital and Operations Risk Management
Division bertugas untuk memastikan bahwa Bank Division ensures that the Bank has adequate
telah memiliki kebijakan dan prosedur policies and procedures, which must be complied
pengendalian dan mitigasi risiko operasional and carried out by each risk taking unit in
yang memadai yang wajib dipatuhi dan conducting its daily transactions and activities
dilaksanakan oleh setiap satuan kerja dalam accurately, efficiently and in a timely manner.
melaksanakan transaksi dan aktivitas dengan
akurat, efisien dan tepat waktu.
Dalam pengendalian risiko operasional, In operational risk control, the implementation of
pelaksanaan kaji ulang manajemen risiko operational risk management reviews is carried
operasional dilakukan oleh Internal Audit Division out by the Internal Audit Division (IAD) which
(IAD) yang mencakup keandalan kerangka includes the reliability of the operational risk
manajemen risiko operasional dan penerapan management framework and the implementation
manajemen risiko operasional oleh unit of operational risk management by business
bisnis/aktivitas pendukung. units/supporting activities.
Risiko Hukum Legal Risk
Pengukuran risiko hukum dilaksanakan oleh Legal risk measurement is conducted together by
Enterprise Risk Management Division bersama- Enterprise Risk Management Division and Legal
sama Legal Division berdasarkan laporan hasil Division based on the evaluation report resulting
evaluasi atas analisis kasus-kasus hukum secara from the analysis of individual legal cases on
individual terhadap liabilitas kontinjensi yang contingent liabilities arising from legal litigation.
timbul dari tuntutan hukum yang terjadi.
Pemantauan risiko hukum dilaksanakan oleh Legal risk monitoring is conducted by Legal
Legal Division untuk mengevaluasi efektivitas Division to evaluate the effectiveness of policies.
dari implementasi kebijakan. prosedur dan procedures and compliance with the Bank’s
kepatuhan terhadap kebijakan. regulasi hukum policies and prevailing laws and regulations.
serta batas ketentuan Bank. Pemantauan Periodic monitoring is conducted on all legal risk
dilaksanakan secara berkala terhadap seluruh exposures.
posisi risiko hukum.
Dalam melaksanakan pengendalian risiko To mitigate legal risk. Legal Division provides
hukum. Legal Division memberi masukan hukum legal advice and recommendation to each
dan rekomendasi kepada setiap divisi dan satuan division and risk taking units and also conducts a
kerja serta melakukan review secara berkala regular review of agreements and partnership
terhadap perjanjian dan kontrak kerjasama contracts with counterparty.
dengan counterparty.
334
Page 970
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Reputasi Reputational Risk
Identifikasi risiko reputasi dilakukan pada faktor- Reputational risk is identified an inherent risk
faktor risiko yang melekat pada aktivitas factors associated to functional activities
fungsional yang mencakup keterbukaan including disclosure requirements, customer
(disclosure requirement), keluhan nasabah complaints against the Bank, employee attitude
terhadap pelayanan Bank, perilaku karyawan when providing services to customers, and the
Bank dalam melayani nasabah, dan sistem Bank’s communication systems.
komunikasi Bank.
Pengukuran risiko reputasi dilakukan Reputation risk measurement is based on the
berdasarkan hasil assesment terhadap faktor- results of assessment on the reputation risk
faktor risiko reputasi. Risiko reputasi Bank factors. Bank reputation risk is managed by
dikelola oleh Corporate Secretary Division (CSD) Corporate Secretary Division (CSD) and
dan Customer Experience Division (CXD) serta Costumer Experience Division and reported to
dilaporkan ke OJK oleh ERMD dalam laporan OJK by ERMD in the risk profile report.
profil risiko.
Dalam rangka pemantauan risiko reputasi. In order to monitor reputational risk. the Bank
dikembangkan aplikasi Sistem Pengaduan developed an application called Customer
Nasabah (SPN) untuk mendukung layanan dan Complaint System (CCS) to support customer
penanganan pengaduan nasabah yang service and complaint handling that allows online
memungkinkan proses penanganan pengaduan complaints handling process between the parties
secara online antar pihak-pihak yang terkait related to the issues at branch offices and head
dengan permasalahan di Kantor Cabang dan office. This will be useful to ensure sustained
Kantor Pusat. Hal ini berguna untuk memastikan customer satisfaction.
terjaganya kepuasan nasabah.
Dalam pengendalian risiko reputasi, satuan kerja Corporate Secretary Division is responsible for
yang berfungsi sebagai corporate secretary implementing policies related to managing and
bertanggung jawab dalam penerapan kebijakan settling negative issues or avoiding counter-
yang berkaitan dengan penanganan dan productive information and performs the Public
penyelesaian berita negatif atau menghindari Service Obligation (PSO) function in connection
informasi kontra produktif serta untuk with carrying out corporate social responsibility.
menjalankan fungsi Public Service Obligation
(PSO) dalam rangka melaksanakan tanggung
jawab sosial perusahaan (corporate social
responsibility).
Kegiatan corporate social responsibility tidak Corporate social responsibility is not focused
terfokus kepada kegiatan charity saja, tetapi juga only on charity, but also in the form of a
dalam bentuk program yang berkesinambungan. sustainable program. This can be realized in the
Hal ini dapat diwujudkan dalam bentuk form of credit subsidies and implementation of
pemberian kredit subsidi dan pelaksanaan the Social and Environmental Responsibility
Program Tanggung Jawab Sosial dan Program (SERP).
Lingkungan (TJSL).
335
Page 971
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Stratejik Strategic Risk
Risiko stratejik merupakan risiko akibat Strategic risk is the risk arising from the
ketidaktepatan Bank dalam pengambilan inaccuracies in the decision making and/or the
dan/atau pelaksanaan suatu keputusan stratejik execution of a strategic decision and failure to
serta kegagalan dalam mengantisipasi anticipate changes in the business environment.
perubahan lingkungan bisnis. Identifikasi risiko Strategic risk identification is based on the
stratejik dilakukan berdasarkan atas faktor-faktor strategic risk factors on specific functional
risiko stratejik pada aktivitas fungsional tertentu, activities, such as lending, treasury and
seperti aktivitas perkreditan, treasuri dan investment activities, as well as operations and
investasi, serta operasional dan jasa melalui services through a business plan prepared by the
business plan yang disusun oleh satuan kerja strategic working unit as elaborated in the
stratejik sebagaimana yang dijabarkan dalam General Policy of the BOD.
Kebijakan Umum Direksi.
Pengukuran Risiko Stratejik dan parameter Strategic risk and parameter measurement are
pengukurannya dilakukan berdasarkan kinerja based on the Bank's performance by comparing
Bank yaitu dengan membandingkan hasil aktual actual results with targets that have been set.
dengan target yang telah ditetapkan. Strategic risk monitoring is carried out by CSPD
Pemantauan risiko stratejik dilakukan oleh CSPD periodically to monitor the achievement of Key
secara berkala dengan memonitor pencapaian Performance Indicator and risk exposure
Key Perfomance Indicator dan risk exposure compared to the Bank's risk appetite.
dibandingkan dengan risk appetite bank.
Selanjutnya, Dewan Komisaris, Direksi, Divisi Furthermore, the BOC, BOD, Divisions and
dan Kantor Cabang mereviu strategi dasar yang Branch Offices are reviewing the basic strategy
fokus pada perubahan-perubahan antara lain that focuses on changes in among others, the
struktur organisasi Bank, perkreditan komersial, organizational structure of the Bank, commercial
pembiayaan perdagangan, treasuri, operasional lending, trade finance, treasury, operations and
dan kekuatan serta kelemahan sistem teknologi the strengths and weaknesses of information
informasi. technology systems.
Dalam pengendalian risiko stratejik, Corporate In controlling strategic risk, the Corporate
Strategy and Planning Division (CSPD) berfungsi Strategy and Planning Division (CSPD) analyzes
menganalisa laporan aktual dan target rencana actual results against target and periodically
bisnis dan menyampaikannya kepada Direksi reports to the BOD.
secara berkala.
336
Page 972
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Kepatuhan Compliance Risk
Risiko Kepatuhan merupakan risiko yang timbul Compliance Risk is a risk that arises as a result
akibat Bank tidak mematuhi dan/atau tidak of the Bank not complying with and/or not
melaksanakan peraturan perundang-undangan implementing applicable laws and regulations. In
dan ketentuan yang berlaku. Dalam identifying compliance risks, the Compliance
mengidentifikasi risiko kepatuhan, Compliance Division (CMGD) conducts studies related to
Division (CMGD) melakukan kajian terkait Compliance Risk exposure to external provisions
dengan eksposur Risiko Kepatuhan terhadap that are attached to internal regulations. In
ketentuan eksternal yang melekat pada addition, CMGD analyzes events that cause
ketentuan internal. Di samping itu, CMGD compliance risks and informs DORD and
menganalisis kejadian yang menyebabkan KOMAR for review.
timbulnya risiko kepatuhan dan
menginformasikan hal tersebut ke DORD dan
KOMAR untuk direviu.
Dalam rangka meminimalkan timbulnya Risiko In order to minimize the Compliance Risk,
Kepatuhan, Compliance Division (CMGD) telah Compliance Division (CMGD) has provided a
menyediakan portal khusus yang bernama special access called Compliance Regulatory
Compliance Regulatory Management System Management System (CRMS) for easy access to
(CRMS) untuk memudahkan seluruh unit bisnis the Government regulations for the entire
melakukan akses terhadap ketentuan Regulator. business units. In addition, CRMS is also used by
Di samping itu, CRMS juga digunakan oleh CMGD to monitor and remind the Bank’s
CMGD untuk melakukan monitoring serta reporting obligations and inform to all relevant
reminder terhadap komitmen kewajiban work units.
pelaporan Bank dan menginformasikan hal
tersebut ke seluruh satuan kerja terkait.
Pengukuran risiko kepatuhan dilakukan untuk Compliance risk is assessed by measuring the
mengukur potensi kerugian yang disebabkan potential loss caused by the Bank’s non-
oleh ketidakpatuhan dan ketidakmampuan Bank compliance or inability to comply with prevailing
dalam memenuhi ketentuan yang berlaku. regulations. The level of compliance risk is
Besarnya risiko kepatuhan diestimasi estimated based on the Bank’s ability to comply
berdasarkan kemampuan Bank untuk memenuhi with prevailing and upcoming regulations. These
seluruh peraturan pada waktu yang lampau dan activities include reviewing all penalties,
yang akan datang. Kegiatan-kegiatan ini litigations and complaints received by the Bank.
termasuk mereviu semua penalti, litigasi, dan
keluhan yang pernah diterima Bank.
Dalam pemantauan risiko kepatuhan, DORD dan In monitoring compliance risk, DORD and CMGD
CMGD bertugas untuk mengevaluasi efektivitas are responsible to evaluate the effectiveness of
implementasi manajemen risiko dengan the implementation of risk management by
memantau secara berkala seluruh jenis kegiatan monitoring regularly all kinds of activities that
yang berpotensi menimbulkan risiko kepatuhan. could potentially pose a compliance risk.
Secara berkala, IAD melakukan pemantauan Periodically, IAD monitors and follow-up results
terhadap hasil tindak lanjut audit baik dari intern of both internal and external audits.
maupun ekstern.
337
Page 973
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Likuiditas Liquidity Risk
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide information
mengenai perkiraan sisa jatuh tempo dari aset about the expected maturities of the Bank’s
dan liabilitas keuangan: financial assets and liabilities:
31 Desember/December 31, 2025
> 6 - 12
>1-6 Bulan/
Lainnya/ ≤ 1 Bulan/ Bulan/ >6 - 12 > 12 Bulan/
Total Others *) ≤ 1 Month Months Months >12 Months
ASET ASSETS
Kas 2.154.839 - 2.154.839 - - - Cash
Giro pada Current accounts with
Bank Indonesia 33.797.873 - 33.797.873 - - - Bank Indonesia
Current accounts with
Giro pada bank lain 2.513.921 (2.050) 2.515.971 - - - other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 12.929.938 - 12.929.938 - - - and other banks
Efek-efek 22.052.969 (52) 4.950.061 5.571.734 4.947.093 6.584.133 Securities
Obligasi Pemerintah 38.106.638 - 5.065.121 25.592.719 690.400 6.758.398 Government bonds
Efek-efek yang Dibeli Dengan Securities Purchased under
Janji Dijual Kembali 1.683.840 - 1.683.840 - - - Agreement to Resell
Tagihan Akseptasi 574.777 (124) 574.901 - - - Acceptance Receivable
Tagihan Derivatif - - - - - - Derivative Receivables
Penyertaan Saham - - - - - 29 Equity Participation
Kredit yang diberikan dan
pembiayaan/piutang Loans and sharia
syariah 385.261.851 (15.314.236) 7.409.930 16.515.256 4.695.218 371.955.682 financing/receivables
Bunga yang masih akan
diterima 12.222.824 - 12.222.824 - - - Interest receivable
Aset lain-lain**) 828.871 - 828.871 - - - Other assets**)
Total 512.128.341 (15.316.462) 84.134.169 47.679.709 10.332.711 385.298.242 Total
LIABILITAS LIABILITIES
Liabilitas segera ***) 1.865.471 - 1.865.471 - - - Liabilities due immediately***)
Simpanan nasabah 405.499.731 - 290.451.143 113.471.332 1.554.294 22.962 Deposits from customers
Simpanan dari bank lain 96.481 - 96.481 - - Deposits from other banks
Surat berharga yang
diterbitkan 3.985.083 - - - - 3.985.083 Securities issued
Liabilitas akseptasi 574.901 - 574.901 - - - Acceptance payable
Efek-efek yang Dijual dengan Securites sold under
Janji Dibeli Kembali 349.076 - 349.076 - - - repurchase agreements
Pinjaman yang diterima 37.991.851 - - 1.000.000 8.500.000 28.491.851 Fund borrowings
Bunga yang masih harus
dibayar 497.893 - 497.893 - - - Interest payables
Liabilitas lain-lain****) 310.923 - 310.923 - - - Other liabilities****)
Pinjaman dan efek- Subordinated Loan and
efek subordinasi 5.492.133 - - - 1.500.000 3.992.133 Securities
Total 456.663.543 - 294.145.888 114.471.332 11.554.294 36.492.029 Total
Perbedaan jatuh tempo 55.464.798 (15.316.462) (210.011.719) (66.791.623) (1.221.583) 348.806.213 Maturity gap
*) Cadangan kerugian penurunan nilai atas aset keuangan. *) Allowance for impairment losses on financial assets.
**) Terdiri atas tagihan pihak ketiga. **) Consists of third party receivables.
***) Terdiri atas kewajiban kepada pihak ketiga. bagi hasil yang belum dibagikan. deposito ***) Consists of third party payables. undistributed profit sharing. matured time deposits
berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil and interest on time deposits not collected by customers.
nasabah.
****) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak ****) Consists of guarantee deposits and developers’ security deposits (liabilities to third
ketiga). party).
338
Page 974
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
e. Manajemen Risiko (lanjutan) e. Risk Management (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide information
mengenai perkiraan sisa jatuh tempo dari aset about the expected maturities of the Bank’s
dan liabilitas keuangan: (lanjutan) financial assets and liabilities: (continued)
31 Desember/December 31, 2024
> 6 - 12
>1-6 Bulan/
Lainnya/ ≤ 1 Bulan/ Bulan/ >6 - 12 > 12 Bulan/
Total Others *) ≤ 1 Month Months Months >12 Months
ASET ASSETS
Kas 2.105.620 - 2.105.620 - - - Cash
Giro pada Current accounts with
Bank Indonesia 22.739.920 - 22.739.920 - - - Bank Indonesia
Current accounts with
Giro pada bank lain 5.949.175 (2.571) 5.951.746 - - - other banks
Penempatan pada Placements with
Bank Indonesia Bank Indonesia
dan bank lain 4.661.104 - 4.661.104 - - - and other banks
Efek-efek 25.362.623 (787) 6.858.084 7.992.795 4.516.767 5.995.764 Securities
Obligasi Pemerintah 35.475.529 - 9.056.220 3.379.524 1.294.839 21.744.946 Government bonds
Efek-efek yang Dibeli Dengan Securities Purchased under
Janji Dijual Kembali 175.625 - 175.625 - - - Agreement to Resell
Tagihan Akseptasi 939.911 (1.987) 941.898 - - - Acceptance Receivable
Tagihan Derivatif 102.843 - 102.843 - - - Derivative Receivables
Kredit yang diberikan dan
pembiayaan/piutang Loans and sharia
syariah 344.915.745 (13.057.187) 2.209.265 7.280.870 6.193.238 342.289.559 financing/receivables
Bunga yang masih akan
diterima 11.518.574 - 11.518.574 - - - Interest receivable
Aset lain-lain**) 1.781.884 - 1.781.884 - - - Other assets**)
Total 455.728.553 (13.062.532) 68.102.783 18.653.189 12.004.844 370.030.269 Total
LIABILITAS LIABILITIES
Liabilitas segera ***) 2.258.154 - 2.258.154 - - - Liabilities due immediately***)
Simpanan nasabah 352.437.480 - 244.316.185 104.484.549 3.588.478 48.268 Deposits from customers
Simpanan dari bank lain 70.035 - 70.035 - - Deposits from other banks
Surat berharga yang
diterbitkan 5.444.524 - 599.620 995.934 3.848.970 Securities issued
Liabilitas akseptasi 941.898 - 941.898 - - - Acceptance payable
Liabilitas Derivatif - - - - Derivative payable
Pinjaman yang diterima 33.485.084 - 4.419.676 7.000.000 22.065.408 Fund borrowings
Bunga yang masih harus
dibayar 658.070 - 658.070 - - - Interest payables
Liabilitas lain-lain****) 313.931 - 313.931 - - - Other liabilities****)
Pinjaman dan efek- Subordinated Loan and
efek subordinasi 6.328.105 - 4.828.105 - - 1.500.000 Securities
Total 401.937.281 - 253.386.378 109.503.845 11.584.412 27.462.646 Total
Perbedaan jatuh tempo 53.791.272 (13.062.532) (185.283.595) (90.850.656) (420.432) 342.567.623 Maturity gap
*) Cadangan kerugian penurunan nilai atas aset keuangan. *) Allowance for impairment losses on financial assets.
**) Terdiri atas tagihan pihak ketiga. **) Consists of third party receivables.
***) Terdiri atas kewajiban kepada pihak ketiga. bagi hasil yang belum dibagikan. deposito ***) Consists of third party payables. undistributed profit sharing. matured time deposits
berjangka jatuh tempo dan bunga atas deposito berjangka namun belum diambil and interest on time deposits not collected by customers.
nasabah.
****) Terdiri atas setoran jaminan dan dana jaminan pengembang (kewajiban kepada pihak ****) Consists of guarantee deposits and developers’ security deposits (liabilities to third
ketiga). party).
339
Page 975
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
f. Informasi Lainnya f. Other Information
1. Pada tanggal 31 Desember 2025 dan 1. As of December 31, 2025 and
31 Desember 2024 rasio aset produktif December 31, 2024, the Bank’s
yang diklasifikasikan non-performing non-performing assets to total earning
terhadap jumlah aset produktif (non- assets (non-performing ratio) are 2.59%
performing ratio) masing-masing adalah dan 2.60%, respectively.
sebesar 2,59% dan 2,60%.
2. Pada tanggal 31 Desember 2025 dan 2. As of December 31, 2025 and
31 Desember 2024 jumlah cadangan December 31, 2024 the ratio of allowance
kerugian penurunan nilai aset keuangan for impairment losses on financial assets
yang telah dibentuk berdasarkan PSAK based on SFAS No. 109 to minimum
No. 109 terhadap jumlah minimum allowance for impairment losses based on
cadangan kerugian penurunan nilai aset Financial Service Authorithy regulation is
keuangan sesuai ketentuan Otoritas Jasa 140.33% and 104.73%, respectively.
Keuangan masing-masing sebesar
140,33% dan 104,73%.
3. Kegiatan Jasa Kustodian 3. Custodian Services Activities
PT Bank Tabungan Negara (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk
menyelenggarakan Jasa Kustodian (bank provides Custodian Services (custodian
kustodian) sejak tahun 2023 berdasarkan bank) since 2023 based on Decree of the
Surat Keputusan Dewan Komisioner Board of Commissioners of the Financial
Otoritas Jasa Keuangan Services Authority No. KEP-37/PM.2/2022
No. KEP-37/PM.2/2022 tanggal dated November 17, 2022.
17 November 2022.
340
Page 976
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
f. Informasi Lainnya (lanjutan) f. Other Information (continued)
3. Kegiatan Jasa Kustodian (lanjutan) 3. Custodian Services Activities (continued)
Jasa kustodian yang diselenggarakan Custodian services provided are under the
berada dibawah Divisi Financial Institution Financial Institution and Capital Market
and Capital Market. Jasa yang Division. Services provided include the
diselenggarakan meliputi sebagai berikut : following:
a. Jasa penyimpanan dan a. Storage and administration services
pengadministrasian (safe keeping (safe keeping services);
services);
b. Jasa Penyelesaian transaksi efek b. Securities transaction settlement
(settlement handling); services (Settlement Handling);
c. Jasa pengurusan hak nasabah terkait c. Customer rights management
dengan efek yang disimpan di services related to securities held at
kustodian (corporate action) the custodian (corporate action)
d. Jasa perwalian/ mewakili nasabah d. Trustee services/representing
untuk menghadiri dan meneruskan customers to attend and transmit
suara dalam RUPS, RUPSLB, RUPO votes at the GMS, EGMS, RUPO
(proxy services); (proxy services);
e. Jasa Informasi dan pelaporan; e. Information and reporting services;
(Information & Reporting, antara lain : (Information & Reporting, including:
Portfolio Valuation Report, Settlement Portfolio Valuation Report, Settlement
Report, Corporate Action Report). Report, Corporate Action Report).
f. Jasa Custody untuk kontrak f. Custody services for fund
pengelolaan dana, reksa dana yang management contracts, mutual funds
diterbitkan oleh manajer investasi issued by investment managers
Aset milik nasabah yang diadministrasikan Customer-owned assets administered by
oleh kustodian BTN per 31 Desember 2025 BTN custodian as of December 31, 2025
dan 2024 sebesar ekuivalen Rp11.795.555 and 2024 amount to the equivalent of
dan Rp12.077.710 juta yang terdiri dari Rp11,795,555 and Rp12,077,710 million
saham, surat berharga Negara (SBN), consisting of shares. government
obligasi koorporasi baik dalam mata uang securities (SBN), corporate bonds both in
rupiah maupun USD. rupiah and USD.
Asset yang diadministrasikan jasa Assets administered by custodian services
kustodian tidak termasuk dalam laporan are not included in the consolidated
posisi keuangan konsolidasian. statement of consolidated financial
position.
341
Page 977
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. INFORMASI TAMBAHAN (lanjutan) 53. ADDITIONAL INFORMATION (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards: (continued)
Akuntansi Indonesia: (lanjutan)
f. Informasi Lainnya (lanjutan) f. Other Information (continued)
4. Kontribusi Pendapatan Pajak dan PNBP 4. Contribution of Tax and Non Tax Revenue
Pada tanggal 31 Desember 2025 dan 2024 As of December 31, 2025 and 2024 BTN's
kontribusi BTN rhadap Pendapatan Pajak contribution to tax and non tax revenue are
dan PNBP adalah sebagai berikut (tidak as follows (unaudited):
diaudit):
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Jenis Kontribusi Type of Contribution
Pajak Tax
Pajak Penghasilan 3.584.869 3.715.115 Income Tax
Pajak Pertambahan Nilai dan Added Value Tax and
Pajak Penjualan atas Barang Mewah 16.172 25.904 Luxury Good Sales Tax
Bea Masuk/Keluar, Bea dan Cukai, dan Import/Export Duty, Customs, and
Bea Materai 3.946 9.353 Stamp Duty
Pajak Bumi dan Bangunan. Land and Building Tax.
P3 (Perkebunan, Perhutanan, Pertambangan) 14.831 13.434 Estate, Forestry, Mining Tax
Pajak Pemerintah Pusat Lainnya Other Central Government Tax
(Pajak Karbon) - - (Carbon Tax)
Pajak Daerah dan Retribusi Daerah - - Regional Government Tax and Levies
Total Kontribusi Pajak 3.619.819 3.763.806 Total of Tax Contribution
Penerimaan Negara Bukan Pajak Non Tax Revenue
Dividen 451.099 420.119 Dividend
Penerimaan Negara Bukan Pajak Lainnya - - Other Non Tax Revenue
Total Kontribusi Penerimaan Negara
Bukan Pajak 451.099 420.119 Total of Non Tax Revenue
Total Kontribusi kepada Negara 4.070.918 4.183.925 Total of Contribution to Nation
*Pajak Penghasilan terdiri dari PPh Badan, PPh Pasal 21 Perorangan, PPh Pasal 22, PPh *Income Tax consists of Corporate Income Tax, PPh Pasal 21, PPh Pasal 22, PPh Pasal 23,
Pasal 23, PPh Pasal 26, dan PPh Pasal 4 ayat 2 PPh Pasal 26, and PPh Pasal 4 ayat 2
342
Page 978
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
54. PERISTIWA SETELAH TANGGAL PERIODE 54. EVENT AFTER THE REPORTING DATE
PELAPORAN
Melalui surat dari PT Danantara Asset Management Through a letter from PT Danantara Asset
(Persero) (selanjutnya disebut DAM) nomor Management (Persero) (hereinafter referred to as
SR.001/DI-DAM/DO/2026 tanggal 6 Januari 2026, DAM) number SR.001/DI-DAM/DO/2026 dated
disampaikan bahwa telah dilakukan January 6, 2026, it is hereby informed that an
penandatanganan perjanjian pengalihan sebagian agreement has been signed regarding the transfer
Saham Seri B milik DAM pada Bank kepada Badan of a portion of DAM's Series B Shares in the Bank to
the State-Owned Enterprises Regulatory Body
Pengaturan BUMN (selanjutnya disebut BP BUMN)
(hereinafter referred to as BP BUMN), following
yang selanjutnya saham dimaksud akan
which the said shares shall be classified as Series A
diklasifikasikan menjadi Saham Seri A Dwiwarna. Dwiwarna Shares.
Pelaksanaan transaksi pengalihan kepemilikan The execution of the share ownership transfer was
saham telah dilakukan dengan penandatanganan carried out through the signing of the Agreement on
Perjanjian Pengalihan Saham Milik Negara the Transfer of State-Owned Shares of the Republic
Republik Indonesia Berupa Saham Seri B Pada of Indonesia in the Form of Series B Shares in SOEs
BUMN Kepada Badan Pengaturan Badan Usaha to the State-Owned Enterprises Regulatory Body,
Milik Negara Nomor PERJ-1/BPU/01/2026 dan Number PERJ-1/BPU/01/2026 and Number
Nomor LGL1.001/PERJ/DI-DAM.DO/2026 tanggal LGL1.001/PERJ/DI-DAM.DO/2026, dated January
5 Januari 2026 antara Kepala BP BUMN dan DAM, 5, 2026, between the Head of BP BUMN and DAM.
dimana DAM telah menyerahkan saham BBTN Under this agreement, DAM has transferred BBTN
shares to BP BUMN; consequently, BP BUMN now
kepada BP BUMN dengan demikian BP BUMN
holds a 1% (one percent) stake of the total State
memiliki saham sebesar 1% (satu persen) dari ownership in BBTN held through BP BUMN and
jumlah kepemilikan Negara melalui BP BUMN dan DAM.
DAM dalam BBTN.
Sehingga jumlah saham pada Bank menjadi: Consequently, the shareholding composition in the
Bank is as follows:
1 (satu) lembar saham Seri A Dwiwarna 1 (one) Series A Dwiwarna share owned
milik BP BUMN. by BP BUMN.
84.206.665 (delapan puluh empat juta 84,206,665 (eighty-four million two
dua ratus enam ribu enam ratus enam hundred six thousand six hundred sixty-
puluh lima) lembar saham Seri B milik BP five) Series B shares owned by BP
BUMN. BUMN.
8.336.459.982 (delapan miliar tiga ratus 8,336,459,982 (eight billion three hundred
tiga puluh enam juta empat ratus lima thirty-six million four hundred fifty-nine
puluh sembilan ribu sembilan ratus thousand nine hundred eighty-two) Series
delapan puluh dua) lembar saham seri B B shares owned by DAM.
milik DAM.
Persentase Hak Suara: Voting Rights Percentage:
BP BUMN : 0,60% (nol koma enam nol BP BUMN: 0.60% (zero point six zero
persen) percent)
DAM : 59,40% (lima puluh sembilan koma DAM: 59.40% (fifty-nine point four zero
empat nol persen) percent)
343
Page 979
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
54. PERISTIWA SETELAH TANGGAL PERIODE 54. EVENT AFTER THE REPORTING DATE
PELAPORAN (lanjutan) (continued)
Pada tanggal 7 Januari 2026, bertempat pada On January 7, 2026, an Extraordinary General
Menara BTN Jl Gajah Mada No.1, Jakarta Pusat Meeting of Shareholders (EGMS) was held at
telah dilaksanakan Rapat Umum Pemegang Saham Menara BTN, Jl. Gajah Mada No. 1, Central Jakarta.
Luara Biasa (RUPSLB). Selanjutnya, terdapat Consequently, three (3) resolutions were approved
3 (tiga) mata acara yang disepakati dalam agenda during the EGMS agenda, consisting of:
RUPSLB yang terdiri dari:
Perubahan Anggaran Dasar Perseroan Amendments to the Company’s Articles of
Association;
Pendelegasian Kewenangan Pesetujuan Delegation of Authority for the Approval of
Rencana Kerja dan Anggaran Perusahan the Company’s Business Plan and Budget
Tahun 2026 for the Year 2026;
Perubahan Susunan Pengurus Perseroan, Changes to the Composition of the
dengan mengangkat Sdr. Didyk Choiroel Company’s Management, through the
sebagai Komisaris perseroan. appointment of Mr. Didyk Choiroel as
Commissioner of the Company.
Bahwa keputusan dalam Rapat tersebut telah The resolutions of said Meeting have been
dituangkan dalam Akta “Risalah Rapat Umum incorporated into the Deed of "Minutes of the
Pemegang Saham Luar Biasa PT Bank Tabungan Extraordinary General Meeting of Shareholders of
Negara Tbk Nomor 9 tanggal 7 Januari 2026, yang PT Bank Tabungan Negara Tbk" No. 9, dated
dibuat oleh Notaris Ashoya Ratam, S.H., M.Kn. January 7, 2026, executed before Notary Ashoya
Ratam, S.H., M.Kn
55. PENYELESAIAN LAPORAN KEUANGAN 55. COMPLETION OF THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
Manajemen BTN bertanggung jawab atas The management of BTN is responsible for the
penyusunan dan penyajian wajar laporan keuangan preparation and fair presentation of these
konsolidasian ini sesuai dengan Standar Akuntansi consolidated financial statements in accordance
Keuangan di Indonesia, yang diselesaikan dan with Indonesian Financial Accounting Standards,
diotorisasi untuk diterbitkan oleh Direksi BTN pada which were completed and authorized for issuance
tanggal 10 Februari 2026. by the Board of Directors of BTN on
February 10, 2026.
56. INFORMASI KEUANGAN TERSENDIRI ENTITAS 56. PARENT ENTITY'S SEPARATE FINANCIAL
INDUK INFORMATION
Informasi keuangan tersendiri Entitas Induk hanya The Parent Entity's separate financial information
menyajikan informasi laporan posisi keuangan only presents information on the statement of
tanggal 31 Desember 2025 dan 2024 dan laporan financial position as of December 31, 2025, and
laba rugi dan penghasilan komprehensif lain, 2024 and the statement of profit or loss and other
laporan perubahan ekuitas dan laporan arus kas comprehensive income, the statement of changes in
untuk tahun yang berakhir pada tanggal-tanggal equity and the statement of cash flow for the year
31 Desember 2025 dan 2024 dan catatan atas ended December 31, 2025 and 2024 and notes on
investasi pada entitas anak disajikan dengan investments in subsidiaries presented using the cost
metode biaya. method.
Laporan keuangan tersendiri Entitas Induk disajikan The Parent Entity's separate financial statements
pada halaman 345 - 357. are presented on pages 345 - 357.
344
Page 980
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
ENTITY
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
ASET ASSETS
KAS 2.032.540 2a,2e 2.105.620 CASH
CURRENT ACCOUNTS
GIRO PADA BANK INDONESIA 30.830.097 2a,2e, 22.739.920 WITH BANK INDONESIA
2g
CURRENT ACCOUNTS
GIRO PADA BANK LAIN 2a,2f, WITH OTHER BANKS
Pihak ketiga 1.355.571 2e,2g 886.415 Third parties
Pihak berelasi 1.160.208 5.065.331 Related parties
2.515.779 5.951.746
Cadangan kerugian Allowance for
penurunan nilai (2.047) 2f (2.571) impairment losses
2.513.732 5.949.175
PLACEMENTS WITH
PENEMPATAN PADA BANK 2a,2e BANK INDONESIA
INDONESIA DAN BANK LAIN 2h,2g AND OTHER BANKS
Pihak ketiga 4.669.528 2d 4.661.043 Third parties
Pihak berelasi - 61 Related parties
4.669.528 4.661.104
EFEK-EFEK 2a, SECURITIES
Pihak ketiga 16.588.867 2e,2i, 19.874.205 Third parties
Pihak berelasi 5.412.377 2d 5.489.205 Related parties
22.001.244 25.363.410
Cadangan kerugian Allowance for
penurunan nilai (52) (787) impairment losses
22.001.192 25.362.623
OBLIGASI PEMERINTAH 2a,2d, GOVERNMENT BONDS
Pihak berelasi 31.732.429 2i 35.475.529 Related parties
SECURITIES PURCHASED
EFEK-EFEK YANG DIBELI DENGAN 2e,2w UNDER AGREEMENT
JANJI DIJUAL KEMBALI TO RESELL
Pihak ketiga 1.412.420 175.625 Third parties
Pihak Berelasi 271.420 - Related parties
1.683.840 175.625
KREDIT YANG DIBERIKAN
DAN PEMBIAYAAN/ 2d,2e,2f LOANS AND SHARIA
PIUTANG SYARIAH 2j,2k FINANCING/RECEIVABLES
Kredit yang diberikan Loans
Pihak ketiga 312.576.503 286.144.106 Third parties
Pihak berelasi 33.126.421 27.935.999 Related parties
345.702.924 314.080.105
Cadangan kerugian 2f Allowance for
penurunan nilai (13.959.557) (11.727.934) impairment losses
331.743.367 302.352.171
345
Page 981
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
(lanjutan) ENTITY (continued)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
ASET (lanjutan) ASSETS (continued)
KREDIT YANG DIBERIKAN
DAN PEMBIAYAAN/ 2d,2e,2f LOANS AND SHARIA
PIUTANG SYARIAH (lanjutan) 2j,2k FINANCING/RECEIVABLES
Pembiayaan/piutang syariah Loans
Pihak ketiga - 43.681.345 Third parties
Pihak berelasi - 211.482 Related parties
-
- 43.892.827
Cadangan kerugian 2f Allowance for
penurunan nilai - (1.329.253) impairment losses
- 42.563.574
331.743.367 344.915.745
TAGIHAN DERIVATIF 2e,2ap DERIVATIVE RECEIVABLES
Pihak ketiga - 102.843 Third parties
Pihak berelasi - - Related parties
- 102.843
TAGIHAN AKSEPTASI 2d,2e ACCEPTANCES RECEIVABLES
Pihak ketiga 420.439 2f,2l 508.190 Third parties
Pihak berelasi 154.462 433.708 Related parties
574.901 941.898
Cadangan kerugian 2f Allowance for
penurunan nilai (124) (1.987) impairment losses
574.777 939.911
PENYERTAAN SAHAM 7.188.001 - INVESTMENT IN SHARES
ASET TETAP 2n,2p PREMISES AND EQUIPMENT
Biaya perolehan/nilai revaluasi 15.714.662 14.059.957 Cost/revaluation value
Akumulasi penyusutan (5.253.682) (4.883.826) Accumulated depreciation
10.460.980 9.176.131
BUNGA YANG MASIH AKAN
DITERIMA 11.960.177 2e 11.518.574 INTEREST RECEIVABLES
ASET PAJAK DEFERRED TAX
TANGGUHAN - NETO 1.209.688 2ag 2.286.038 ASSETS - NET
BIAYA DIBAYAR DIMUKA 575.603 2r 985.821 PREPAID EXPENSE
PAJAK DIBAYAR DIMUKA 981.970 754.095 PREPAID TAXES
ASET TIDAK BERWUJUD INTANGIBLE ASSET
Biaya perolehan 782.364 2o 137.531 Cost value
Akumulasi penyusutan (58.290) (15.523) Accumulated depreciation
724.074 122.009
2e,2p,2o,2s
ASET LAIN-LAIN 1.580.656 2q,2am 2.343.739 OTHER ASSETS
TOTAL ASET 462.462.651 469.614.502 TOTAL ASSETS
346
Page 982
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
(lanjutan) ENTITY (continued)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS SEGERA 2.128.213 2e,2t 2.275.949 LIABILITIES DUE IMMEDIATELY
SIMPANAN DARI NASABAH 2d,2e,2u DEPOSITS FROM CUSTOMERS
Giro Demand deposits
Pihak ketiga 113.526.347 89.112.534 Third parties
Pihak berelasi 28.817.269 51.910.728 Related parties
142.343.616 141.023.262
Giro Wadiah Wadiah demand deposits
Pihak ketiga - 15.853.349 Third parties
Pihak berelasi - 3.029.417 Related parties
- 18.882.766
142.343.616 159.906.028
Tabungan Saving deposits
Pihak ketiga 34.562.225 36.825.185 Third parties
Pihak berelasi 643.032 874.964 Related parties
35.205.257 37.700.149
Tabungan Wadiah Wadiah saving deposits
Pihak ketiga - 1.520.491 Third parties
Pihak berelasi - 1.441 Related parties
- 1.521.932
35.205.257 39.222.081
Deposito berjangka Time deposits
Pihak ketiga 139.829.959 92.959.773 Third parties
Pihak berelasi 61.291.574 60.349.598 Related parties
201.121.533 153.309.371
Total simpanan dari nasabah 378.670.406 352.437.480 Total deposits from customers
347
Page 983
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
(lanjutan) ENTITY (continued)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
SIMPANAN DARI BANK LAIN 2e,2v DEPOSITS FROM OTHER BANKS
Pihak ketiga 96.481 70.035 Third parties
EFEK-EFEK YANG DIJUAL DENGAN 2d,2e SECURITIES SELL UNDER
JANJI DIBELI KEMBALI 2w,2u AGREEMENT TO REPURCHASED
Pihak ketiga 349.076 2.446.384 Third parties
Pihak berelasi - 963.042 Related parties
349.076 3.409.426
LIABILITAS AKSEPTASI 2d,2e,2l ACCEPTANCES PAYABLE
Pihak ketiga 168.480 251.423 Third parties
Pihak berelasi 406.421 690.475 Related parties
574.901 941.898
UTANG PAJAK 105.943 2e,2p 368.473 TAXES PAYABLE
SURAT-SURAT BERHARGA
YANG DITERBITKAN 1c,2d, SECURITIES ISSUED
Pihak ketiga 2.129.119 2e,2x 2.880.741 Third parties
Pihak berelasi 1.509.069 2.563.783 Related parties
3.638.188 5.444.524
PINJAMAN YANG DITERIMA 2d,2e,2y FUND BORROWINGS
Pihak ketiga 10.240.697 10.132.859 Third parties
Pihak berelasi 21.440.869 23.352.225 Related parties
31.681.566 33.485.084
BUNGA YANG MASIH
HARUS DIBAYAR 497.893 2e 658.070 INTEREST PAYABLE
ESTIMATED LOSSES ON
ESTIMASI KERUGIAN KOMITMEN 2b,2e COMMITMENTS
DAN KONTINJENSI 438 3.385 AND CONTINGENCIES
LIABILITAS IMBALAN KERJA 2.299.789 2d, 2ag 1.745.282 EMPLOYEE BENEFITS
PINJAMAN SUBORDINASI SUBORDINATED LOAN
DAN EFEK-EFEK SUBORDINASI 2d,2e,2z AND SECURITIES
Pihak ketiga 1.795.858 4.828.105 Third parties
Pihak berelasi 3.696.275 1.500.000 Related parties
5.492.133 6.328.105
LIABILITAS LAIN-LAIN 561.717 2e,2p 626.886 OTHER LIABILITIES
TOTAL LIABILITAS 426.096.744 407.794.597 TOTAL LIABILITIES
348
Page 984
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
(lanjutan) ENTITY (continued)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
SIMPANAN NASABAH 2d,2e,2ac DEPOSITS FROM CUSTOMERS
Giro Mudharabah Mudharabah current accounts
Pihak ketiga - 929.940 Third parties
Pihak berelasi - 11.985 Related parties
- 941.925
Tabungan Mudharabah Mudharabah saving deposits
Pihak ketiga - 6.161.887 Third parties
Pihak berelasi - 125.893 Related parties
- 6.287.780
Deposito berjangka Mudharabah Mudharabah time deposits
Pihak ketiga - 15.129.659 Third parties
Pihak berelasi - 6.857.408 Related parties
- 21.987.067
Total simpanan nasabah - 29.216.772 Total deposits from customers
SIMPANAN DARI BANK LAIN 2e,2ac DEPOSITS FROM OTHER BANKS
Giro Mudharabah Mudharabah current accounts
Pihak ketiga - 9.214 Third parties
Tabungan Mudharabah Mudharabah saving deposits
Pihak ketiga - 21.730 Third parties
Deposito berjangka Mudharabah Mudharabah time deposits
Pihak ketiga - 300 Third parties
Total simpanan dari bank lain - 31.244 Total deposits from other banks
TOTAL DANA SYIRKAH TOTAL TEMPORARY
TEMPORER - 29.248.016 SYIRKAH FUNDS
349
Page 985
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN POSISI KEUANGAN - ENTITAS INDUK STATEMENTS OF FINANCIAL POSITION - PARENT
(lanjutan) ENTITY (continued)
31 Desember 2025/ Catatan/ 31 Desember 2024/
December 31, 2025 Notes December 31, 2024
LIABILITIES, TEMPORARY
LIABILITAS, DANA SYIRKAH SYIRKAH FUNDS AND
TEMPORER DAN EKUITAS (lanjutan) EQUITY (continued)
EKUITAS EQUITY
Modal saham - nominal
Rp500 (Rupiah penuh) Capital stock - Rp500
per saham masing-masing par value per share (full amount)
pada tanggal 31 Desember 2025 as of December 31, 2025 and
dan 2024 2024, respectively
Modal dasar 20.478.432.000 Authorized capital 20,478,432,000
saham (nilai penuh) shares (full amount)
(terdiri dari 1 lembar saham seri A (consisting of 1 share of Series A
Dwiwarna dan 20.478.431.999 Dwiwarna and 20,478,431,999
lembar saham seri B) shares of series B)
masing-masing pada tanggal as of December 31, 2025 and
31 Desember dan 2024 2024 , respectively
Modal ditempatkan dan disetor penuh Issued and fully paid capital
14.034.444.413 saham 14,034,444,413 shares
(nilai penuh) (terdiri dari 1 lembar (full amount) (consisting of 1
saham seri A Dwiwarna share of series A Dwiwarna and
dan 14.034.444.412 lembar 14,034,444,412 shares of series B)
Saham seri B) masing-masing as of December 31, 2025
pada tanggal 31 Desember 2025 and 2024
dan 2024. 7.017.222 2a 7.017.222
Tambahan modal disetor 4.712.307 4.418.900 Additonal paid-in capital
Dana setoran modal Capital deposit fund
Kerugian neto yang belum Net unrealized loss
direalisasi dan cadangan kerugian allowance for and
penurunan nilai atas impairment losses on
efek-efek dan obligasi pemerintah securities and government
diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain- comprehensive income
setelah pajak tangguhan (591.702) 2i (1.107.982) net of deferred tax
Pengukuran kembali Remeasurement
program imbalan pasti - of defined benefit plan
setelah pajak tangguhan (579.209) 2ag (424.015) - net of deferred tax
Bagian efektif lindung nilai Effective portion of
arus kas 2ah (44.082) cash flow hedge
Revaluation surplus of premises
Surplus revaluasi aset tetap 3.988.158 2n 3.565.773 and equipment
Saldo laba*) Retained earnings*)
Telah ditentukan penggunaannya 18.237.500 15.982.004 Appropriated
Belum ditentukan penggunaannya 3.581.631 2c,2ab 3.164.069 Unappropriated
Total Saldo Laba 21.819.131 19.146.073 Total Retained Earning
TOTAL EKUITAS 36.365.907 32.571.889 TOTAL EQUITY
TOTAL LIABILITAS, DANA TOTAL LIABILITIES,
SYIRKAH TEMPORER TEMPORARY SYIRKAH
DAN EKUITAS 462.462.651 469.614.502 FUNDS AND EQUITY
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi- *) Accumulated losses amounted to Rp14,226,290 was eliminated
reorganisasi pada tanggal 31 Mei 2007. as a result of quasireorganization on May 31, 2007.
350
Page 986
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN - ENTITAS INDUK COMPREHENSIVE INCOME - PARENT ENTITY
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan Bunga dan Interest Income and Income
Bagi Hasil 2ad,2ae from Profit Sharing
Bunga 31.879.842 25.472.625 Interest
Profit sharing and margin
Bagi hasil dan marjin unit syariah 4.132.105 2af 4.068.967 from sharia unit
Total Pendapatan Bunga dan Total Interest Income and
Bagi Hasil 36.011.947 29.541.592 Income from Profit Sharing
Beban Bunga, Bagi Hasil Interest, Profit Sharing and
dan Bonus Bonus Expenses
Bunga (15.702.025) 2ad (15.913.459) Interest
Beban pendanaan lainnya (208.578) (200.476) Other financing expenses
Bonus simpanan Wadiah (263.041) 2af (153.446) Wadiah Bonus
Hak pihak ketiga atas bagi Third parties’ share on return
hasil Mudharabah (1.855.904) 2af (1.781.559) of Mudharabah
Total Beban Bunga, Bagi Hasil Total Interest, Profit Sharing
dan Bonus (18.029.548) (18.048.940) and Bonus Expenses
Pendapatan Bunga dan Bagi Interest Income and Income
Hasil - Neto 17.982.399 11.492.652 from Profit Sharing - Net
Pendapatan Operasional Lainnya Other Operating Income
Pungutan administrasi dan Administration fees and
denda atas simpanan dan penalties on
kredit yang diberikan 1.067.127 1.072.304 deposits and loans
Pendapatan dari penerimaan kredit Income from recovery of
yang dihapusbukukan 1.020.140 1.338.753 loans written-off
Keuntungan dari penjualan
efek-efek - neto 1.118.772 2i 932.900 Gain on sale of securities - net
Keuntungan dari penjualan Gain on sale of government
obligasi pemerintah - neto 178.270 2i 49.049 bonds – net
Keuntungan yang belum direalisasi Unrealized gain on changes
dari perubahan nilai wajar in fair value of
efek-efek - neto 46.906 2i 30.175 securities - net
Lain-lain 666.348 1.152.738 Others
Total Pendapatan Operasional
Lainnya 4.097.563 4.575.919 Total Other Operating Income
Penyisihan Kerugian Penurunan Provision for Impairment
Nilai Aset Keuangan dan Losses on Financial
Aset Non Keuangan (6.155.526) 2e,2g (1.981.495) and Non-financial Assets
Pembalikan Estimasi Reversal of
Kerugian Penurunan Estimated losses on
Nilai Komitmen dan Kontinjensi 2.947 195 Comitment and Contingencies
351
Page 987
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN - ENTITAS INDUK (lanjutan) COMPREHENSIVE INCOME - PARENT ENTITY
(continued)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL (lanjutan) FROM OPERATIONS (continued)
Beban Operasional Lainnya Other Operating Expenses
Umum dan administrasi (5.156.320) (4.456.861) General and administrative
Gaji karyawan (4.974.305) 2ag, 2d (4.445.575) Salaries and employee benefits
Premi program penjaminan Premium on government’s
pemerintah (846.280) (729.685) guarantee program
Kerugian yang belum direalisasi Unrealized losses on changes
dari perubahan nilai wajar in fair value of government
obligasi pemerintah - neto (6.893) (40.444) bonds - net
Lain-lain (683.223) (589.993) Others
Total Beban Operasional Lainnya (11.667.021) (10.262.558) Total Other Operating Expenses
LABA OPERASIONAL 4.260.362 3.842.713 INCOME FROM OPERATIONS
Pendapatan (Beban) Bukan Non-Operating
Operasional - neto 27.908 (51.872) Income (Expenses) - net
LABA SEBELUM INCOME BEFORE
BEBAN PAJAK 4.288.270 3.772.841 TAX EXPENSE
BEBAN PAJAK (863.379) 2ai (765.513) TAX EXPENSE
LABA TAHUN BERJALAN 3.424.891 3.007.328 INCOME FOR THE YEAR
Penghasilan Komprehensif Lain: Other Comprehensive Income:
Akun-akun yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Surplus revaluasi aset tetap 422.385 2n - Surplus revaluation of fixed asset
Pengukuran kembali program imbalan Remeasurement of defined
pasti (191.598) 2ag 168.301 benefit plan
Pajak penghasilan terkait akun-akun Income tax related to items that will
yang tidak akan direklasifikasi not be reclassified
ke laba rugi 36.404 (31.977) to profit or loss
Akun-akun yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Bagian efektif lindung nilai Effective part of hedging-
arus kas 54.423 (14.490) cash flow
Keuntungan (kerugian) neto yang
belum direalisasi atas perubahan nilai
efek-efek dan obligasi Net unrealized gain (loss) on
pemerintah yang diukur pada changes in value of fair value through
nilai wajar melalui other comprehensive income
penghasilan komprehensif lain 631.965 2i (421.538) securities and government bonds
Pajak penghasilan terkait akun-akun Income tax related to items that
yang akan direklasifikasi will be reclassified
ke laba rugi (126.026) 85.311 to profit or loss
TOTAL LABA KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 4.252.444 2.792.935 INCOME FOR THE YEAR
LABA PER SAHAM EARNINGS PER SHARE
Dasar (nilai penuh) 244 2ak 214 Basic (full Amount)
352
Page 988
The original consolidated financial statements included herein are in Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK STATEMENTS OF CHANGES IN EQUITY - PARENT ENTITY
Keuntungan
(Kerugian) yang
belum direalisasi
dan cadangan
kerugian
penurunan nilai
atas efek-efek dan
obligasi pemerintah
yang diukur pada
nilai wajar melalui
penghasilan Saldo laba/Retained earnings
komprehensif Pengukuran
Modal lain-neto/ (loss) kembali Bagian efektif
ditempatkan Unrealized gain program imbalan Surplus lindung nilai
dan disetor and allowance for pasti - neto/ revaluasi arus kas/
penuh/ Tambahan Dana setoran impaiment losses remeasurement aset tetap/ Efective Telah Belum
Issued and modal disetor/ modal/ on FVTOCI securities of defined Surplus of portion ditentukan ditentukan
Catatan/ fully paid-up Additional Deposit capital and government benefit premises and of cash penggunaannya/ penggunaannya/ Total ekuitas/
Notes capital paid-in capital fund bonds - net plan - net equipment flow hedges Appropriated Unappropriated Total equity
Saldo per 31 Desember 2023 7.017.222 4.418.900 - (769.001) (560.339) 3.565.773 (32.346) 13.181.214 3.657.729 30.479.152 Balance as of December 31, 2023
Total laba (rugi) komprehensif tahun berjalan 2h - - - (338.981) 136.324 - (11.736) - 3.007.328 2.792.935 Total comprehensive income for the year
Penerbitan saham - - - - - - - - - - Shares issuance
Dana setoran modal - - - - - - - - - - Capital deposit fund
Dividen - - - - - - - - (700.198) (700.198) Dividend
Pembentukan cadangan umum dan cadangan tujuan - - - - - - - 2.800.790 (2.800.790) - Appropriation for general and special reserves
Saldo per 31 Desember 2024 7.017.222 4.418.900 - (1.107.982) (424.015) 3.565.773 (44.082) 15.982.004 3.164.069 32.571.889 Balance as of December 31, 2024
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007. *) Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.
353
Page 989
The original consolidated financial statements included herein are in Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK STATEMENTS OF CHANGES IN EQUITY - PARENT ENTITY
Keuntungan
(Kerugian) yang
belum direalisasi
dan cadangan
kerugian
penurunan nilai
atas efek-efek dan
obligasi pemerintah
yang diukur pada
nilai wajar melalui
penghasilan Saldo laba/Retained earnings
komprehensif Pengukuran
Modal lain-neto/ (loss) kembali Bagian efektif
ditempatkan Unrealized gain program imbalan Surplus lindung nilai
dan disetor and allowance for pasti – neto/ revaluasi arus kas/
penuh/ Tambahan Dana setoran impairment losses remeasurement aset tetap/ Efective Telah Belum
Issued and modal disetor/ modal/ on FVTOCI securities of defined Surplus of portion ditentukan ditentukan
Catatan/ fully paid-up Additional Deposit capital and government benefit premises and of cash penggunaannya/ penggunaannya/ Total ekuitas/
Notes capital paid-in capital fund bonds - net plan - net equipment flow hedges Appropriated Unappropriated Total equity
Saldo per 31 Desember 2024 7.017.222 4.418.900 - (1.107.982) (424.015) 3.565.773 (44.082) 15.982.004 3.164.069 32.571.889 Balance as of December 31, 2024
Total laba (rugi) komprehensif tahun berjalan 2h - - - 516.280 (155.194) 422.385 44.082 - 3.424.891 4.252.444 Total comprehensive income for the year
Penerbitan saham - - - - - - - - - - Shares issuance
Dana setoran modal - 293.407 - - - - - - - 293.407 Capital deposit fund
Dividen - - - - - - - - (751.833) (751.833) Dividend
Pembentukan cadangan umum dan cadangan tujuan - - - - - - - 2.255.496 (2.255.496 ) - Appropriation for general and special reserves
Saldo per 31 Desember 2025 7.017.222 4.712.307 - (591.702) (579.209) 3.988.158 - 18.237.500 3.581.631 36.365.907 Balance as of December 31, 2025
*) Saldo defisit sebesar Rp14.226.290 telah dieliminasi akibat kuasi-reorganisasi pada tanggal 31 Mei 2007. *) Accumulated losses amounted to Rp14,226,290 had been eliminated as a result of quasi-reorganization as of May 31, 2007.
354
Page 990
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN ARUS KAS - ENTITAS INDUK STATEMENTS OF CASH FLOWS - PARENT ENTITY
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan bunga, bagi hasil,
dan marjin 31.350.408 29.689.639 Interest, profit sharing, and margin
Pembayaran bunga dan bonus, Interest and bonus, fees and
provisi dan komisi (18.141.395) (17.973.763) commissions paid
Penerimaan kredit yang telah Recoveries from loan
dihapusbukukan 1.020.140 1.421.221 debts written-off
Pembayaran pajak penghasilan
badan (391.358) (912.208) Corporate income tax paid
Pendapatan operasional lainnya 3.152.907 3.213.023 Other Operating Income
Beban operasional lainnya (14.974.627) (9.585.564) Other operating expense
Pendapatan (Beban) bukan Other non-operating
operasional lainnya - neto 27.931 (63.538) income (expenses) - net
Penerimaan kas sebelum perubahan Cash receipts before changes in
aset dan liabilitas operasi 2.044.006 5.788.810 operating assets and liabilities
Perubahan dalam aset dan Changes in operating assets
liabilitas operasi: and liabilities:
Penurunan (kenaikan) dalam Decrease (increase) in operating
aset operasi: assets:
Efek-efek yang diukur pada nilai wajar Fair value through profit or loss
Melalui laba rugi 3.763.859 (18.286.677) securities
Obligasi pemerintah yang diukur pada Fair value through profit or loss
nilai wajar melalui laba rugi 174.072 490.445 government bonds
Tagihan akseptasi 366.997 (397.331) Acceptance receivable
Tagihan derivatif 146.925 (70.666) Derivative receivable
Kredit yang diberikan dan pembiayaan/ Loans and sharia financing/
piutang syariah 11.302.381 (27.739.554) receivables
Aset lain-lain 216.831 (136.021) Other assets
Kenaikan (penurunan) dalam Increase (decrease) in operating
Liabilitas operasi: liabilities:
Liabilitas segera (255.922) (441.930) Liabilites due immediately
Simpanan dari nasabah Deposits from customer
Giro 1.320.356 11.653.971 Demand deposits
Giro Wadiah (18.882.765) 5.443.299 Wadiah demand deposits
Tabungan (2.494.892) (22.012) Savings deposits
Tabungan Wadiah (1.521.932) 245.340 Savings deposits Wadiah
Deposito berjangka 47.812.161 12.615.733 Time deposits
Simpanan dari bank lain 26.445 (21.277) Deposits from other banks
Liabilitas akseptasi (366.997) 397.331 Acceptance payables
Liabilitas lain-lain 587.600 (416.997) Other liabilities
Dana syirkah temporer (29.248.017) 2.141.920 Temporary syirkah funds
Kas Neto Diperoleh/(Digunakan Untuk) Net Cash Provided/(Used in)
dari Aktivitas Operasi 14.991.108 (8.755.616) by Operating Activities
355
Page 991
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN ARUS KAS - ENTITAS INDUK (lanjutan) STATEMENTS OF CASH FLOWS - PARENT ENTITY
(continued)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Acquisitions of premises and
Perolehan aset tetap (1.845.754) (1.634.521) equipment
Penyertaan saham (7.188.001) - Investmnent in shares
(Pembelian) penerimaan efek-efek (Purchase) receipt in fair value
diukur pada nilai wajar melalui through other comprehensive
penghasilan komprehensif lain (527.841) (31.199) income securities
Pembelian obligasi pemerintah
diukur pada nilai Purchase in fair value
wajar melalui penghasilan through other comprehensive
komprehensif lain (6.405.458) (1.163.910) income government bonds
Penerimaan (Pembelian) saat jatuh tempo
dari efek-efek Receipt (Purchase) from matured
biaya perolehan diamortisasi 189.716 (2.878.561) amortized cost securities
Penerimaan obligasi pemerintah Receipt of amortized cost
pada biaya perolehan diamortisasi 10.389.053 562.232 government bonds
Penempatan efek-efek yang dibeli Placement of securities purchased
dengan janji dijual kembali (152.522.635) (20.867.689) under agreement to resell
Penerimaan efek-efek yang dibeli Receipt from securities purchased
dibeli dengan janji dijual kembali 51.039.138 20.704.263 under agreement to resell
Penjualan aset tetap 1.155 3.045 Sales of premises and equipment
Kas Neto Diperoleh/(Digunakan untuk) Net Cash Provided/(Used in)
dari Aktivitas Investasi (6.870.627) (5.306.340) by Investing Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan atas surat Proceeds of securities
Berharga yang diterbitkan 300.000 680.913 issued
Pembayaran atas
surat-surat berharga yang Payment of matured
diterbitkan jatuh tempo (1.724.605) (3.572.500) securities issued
Pembayaran atas
pinjaman subordinasi yang Payment of matured
jatuh tempo (4.828.500) (3.000.000) subordinated borrowing
Penerimaan dari pinjaman Proceeds from
subordinasi 4.000.000 - subordinated borrowings
Penerimaan atas Proceeds from
efek-efek yang dijual dengan securities sold under
janji dibeli kembali 51.431.824 143.153.604 repurchase agreements
Pembayaran atas efek-efek Payments of matured
yang dijual dengan janji securities sold under
dibeli kembali yang jatuh tempo (54.544.966) (139.744.766) repurchase agreements
Pembayaran dividen (751.833) (700.198) Payments of dividends
Penerimaan dari pinjaman Payment of
yang diterima 5.402.696 11.144.193 fund borrowings
Pembayaran dari pinjaman Payment of
yang diterima (3.020.603) (11.385.262) fund borrowings
Penerbitan saham 293.407 Issuance of shares
Pembayaran liabilitas sewa (88.347) (93.408) Payment of lease liabilities
Kas Neto Digunakan untuk Net Cash Used in
Aktivitas Pendanaan (3.530.927) (3.517.424) Financing Activities
KENAIKAN/(PENURUNAN) NETO NET INCREASE/(DECREASE)
KAS DAN SETARA KAS 4.589.554 (17.579.380)CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 35.458.390 53.037.770 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 40.047.944 35.458.390 AT END OF YEAR
356
Page 992
The original consolidated financial statements included
herein are in the Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Untuk Tahun yang Berakhir For the Year Then Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
LAPORAN ARUS KAS - ENTITAS INDUK (lanjutan) STATEMENTS OF CASH FLOWS - PARENT ENTITY
(continued)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
Catatan/
2025 Notes 2024
Rincian kas dan setara The details of cash and cash
kas akhir tahun adalah equivalents at end of year
sebagai berikut: are as follows:
Kas 2.032.540 2a 2.105.620 Cash
Current accounts with
Giro pada Bank Indonesia 30.830.097 2g 22.739.920 Bank Indonesia
Current accounts
Giro pada bank lain 2.515.779 2g 5.951.746 with other banks
Placements with
Penempatan pada Bank Bank Indonesia
Indonesia dan bank and other banks -
lain - jangka waktu jatuh tempo maturing within three
tiga bulan atau kurang months or less since
sejak tanggal perolehan 4.669.528 2h 4.661.104 the acquisition date
Total 40.047.944 35.458.390 Total
357
Page 993
Program Pendanaan Usaha Mikro dan Usaha Kecil PT Bank Tabungan Negara (Persero) Tbk Laporan keuangan tanggal 31 Desember 2025 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen
Page 994
Page 995
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
LAPORAN KEUANGAN
TANGGAL 31 DESEMBER 2025
DAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi
Halaman
Laporan Auditor Independen
Laporan Posisi Keuangan ............................................................................................................... 1
Laporan Penghasilan Komprehensif ............................................................................................... 2
Laporan Perubahan Aset Neto ........................................................................................................ 3
Laporan Arus Kas ............................................................................................................................ 4
Catatan atas Laporan Keuangan .................................................................................................... 5-17
*************************
Page 996
Laporan Auditor Independen
Laporan No. 00147/2.1505/AU.2/10/1681-3/1/III/2026
Pengelola Program Pendanaan Usaha Mikro dan Usaha Kecil
PT Bank Tabungan Negara (Persero) Tbk.
Opini
Kami telah mengaudit laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil
PT Bank Tabungan Negara (Persero) Tbk. (“PUMK”) terlampir, yang terdiri dari laporan posisi
keuangan tanggal 31 Desember 2025, serta laporan penghasilan komprehensif, laporan
perubahan aset neto, dan laporan arus kas untuk tahun yang berakhir pada tanggal tersebut, dan
catatan atas laporan keuangan, termasuk informasi kebijakan akuntansi material.
Menurut opini kami, laporan keuangan terlampir menyajikan secara wajar, dalam semua hal yang
material, posisi keuangan PUMK tanggal 31 Desember 2025, serta aktivitas dan arus kasnya
untuk tahun yang berakhir pada tanggal tersebut, sesuai dengan Standar Akuntansi Keuangan
Entitas Privat di Indonesia.
Basis opini
Kami melaksanakan audit kami berdasarkan Standar Audit yang ditetapkan oleh Institut Akuntan
Publik Indonesia (“IAPI”). Tanggung jawab kami menurut standar tersebut diuraikan lebih lanjut
dalam paragraf Tanggung Jawab Auditor terhadap Audit atas Laporan Keuangan pada laporan
kami. Kami independen terhadap PUMK berdasarkan ketentuan etika yang relevan dalam audit
kami atas laporan keuangan di Indonesia, dan kami telah memenuhi tanggung jawab etika lainnya
berdasarkan ketentuan tersebut. Kami yakin bahwa bukti audit yang telah kami peroleh adalah
cukup dan tepat untuk menyediakan suatu basis bagi opini kami.
KAP Purwanto Susanti dan Surja
i
Registered Public Accountants KMK No. 69/MK/SK/2025
A member firm of Ernst & Young Global Limited
Page 997
Laporan Auditor Independen (lanjutan)
Laporan No. 00147/2.1505/AU.2/10/1681-3/1/III/2026 (lanjutan)
Tanggung jawab manajemen dan pihak yang bertanggung jawab atas tata kelola terhadap
laporan keuangan
Manajemen bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan tersebut
sesuai dengan Standar Akuntansi Keuangan Entitas Privat di Indonesia, dan atas pengendalian
internal yang dianggap perlu oleh manajemen untuk memungkinkan penyusunan laporan
keuangan yang bebas dari kesalahan penyajian material, baik yang disebabkan oleh kecurangan
maupun kesalahan.
Dalam penyusunan laporan keuangan, manajemen bertanggung jawab untuk menilai
kemampuan PUMK dalam mempertahankan kelangsungan usahanya, mengungkapkan, sesuai
dengan kondisinya, hal-hal yang berkaitan dengan kelangsungan usaha, dan menggunakan basis
akuntansi kelangsungan usaha, kecuali manajemen memiliki intensi untuk melikuidasi PUMK
atau menghentikan operasi, atau tidak memiliki alternatif yang realistis selain melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola bertanggung jawab untuk mengawasi proses
pelaporan keuangan PUMK.
Tanggung jawab auditor terhadap audit atas laporan keuangan
Tujuan kami adalah untuk memeroleh keyakinan memadai tentang apakah laporan keuangan
secara keseluruhan bebas dari kesalahan penyajian material, baik yang disebabkan oleh
kecurangan maupun kesalahan, dan untuk menerbitkan laporan auditor independen yang
mencakup opini kami. Keyakinan memadai merupakan suatu tingkat keyakinan tinggi, namun
bukan merupakan suatu jaminan bahwa audit yang dilaksanakan berdasarkan Standar Audit
yang ditetapkan oleh IAPI akan selalu mendeteksi kesalahan penyajian material ketika hal
tersebut ada. Kesalahan penyajian dapat disebabkan oleh kecurangan maupun kesalahan dan
dianggap material jika, baik secara individual maupun agregat, dapat diekspektasikan secara
wajar akan memengaruhi keputusan ekonomi yang diambil oleh pengguna berdasarkan laporan
keuangan tersebut.
Sebagai bagian dari suatu audit berdasarkan Standar Audit yang ditetapkan oleh IAPI, kami
menerapkan pertimbangan profesional dan mempertahankan skeptisisme profesional selama
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan penyajian material dalam laporan keuangan,
baik yang disebabkan oleh kecurangan maupun kesalahan, mendesain dan melaksanakan
prosedur audit yang responsif terhadap risiko tersebut, serta memeroleh bukti audit yang
cukup dan tepat untuk menyediakan basis bagi opini kami. Risiko tidak terdeteksinya suatu
kesalahan penyajian material yang disebabkan oleh kecurangan lebih tinggi dari yang
disebabkan oleh kesalahan, karena kecurangan dapat melibatkan kolusi, pemalsuan,
penghilangan secara sengaja, pernyataan salah, atau pengabaian atas pengendalian
internal.
ii
A member firm of Ernst & Young Global Limited
Page 998
A member firm of Ernst & Young Global Limited
Page 999
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
LAPORAN POSISI KEUANGAN
Tanggal 31 Desember 2025
(Disajikan dalam Rupiah)
Catatan 31 Desember 2025 31 Desember 2024*)
ASET
Kas dan Setara Kas 2b,2j,4,11 4.545.603.135 11.036.287.064
Piutang Pinjaman Mitra Binaan – neto
(Setelah dikurangi cadangan
kerugian penurunan nilai sebesar
Rp36.061.047.896 dan Rp36.675.501.169
Masing-Masing Pada Tanggal
31 Desember 2025 dan 2024) 2c,2e,5 361.849.483 4.193.604.781
Piutang Kerjasama PUMK
Kepada mitra binaan – neto
(Setelah dikurangi cadangan
kerugian penurunan nilai sebesar
Rp657.385.193 dan Rp34.878.957
Masing-Masing Pada Tanggal
31 Desember 2025 dan 2024) 2c,2e,6 11.134.098.076 13.676.060.027
Piutang Kerjasama PUMK kepada BRI 7,11,12 17.740.010.163 4.415.454.240
TOTAL ASET 33.781.560.857 33.321.406.112
LIABILITAS DAN ASET NETO
ASET NETO
Aset Neto Tidak Terikat 2f,8 33.781.560.857 33.321.406.112
TOTAL LIABILITAS DAN ASET NETO 33.781.560.857 33.321.406.112
*) setelah reklasifikasi (Catatan 12)
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan
1
Page 1000
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
LAPORAN PENGHASILAN KOMPREHENSIF
Untuk Tahun yang Berakhir pada Tanggal
31 Desember 2025
(Disajikan dalam Rupiah)
Tahun yang berakhir pada tanggal
Catatan 31 Desember 2025 31 Desember 2024
PENDAPATAN
Pendapatan Jasa Administrasi Pinjaman 2g,9 467.838.014 1.501.968.937
Pendapatan Lain-Lain 2h,10 369.694 113.765.972
TOTAL PENDAPATAN 468.207.708 1.615.734.909
BEBAN LAIN-LAIN
(Beban) / pembalikan cadangan kerugian
penurunan nilai 2i,5c,6c (8.052.963) 183.476.964
TOTAL (BEBAN) PENDAPATAN LAIN-LAIN (8.052.963) 183.476.964
LABA BERSIH 460.154.745 1.799.211.873
PENGHASILAN KOMPREHENSIF LAIN - -
TOTAL PENGHASILAN KOMPREHENSIF 460.154.745 1.799.211.873
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan
2
Page 1001
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
LAPORAN PERUBAHAN ASET NETO
Untuk Tahun yang Berakhir pada Tanggal
31 Desember 2025
(Disajikan dalam Rupiah)
Tahun yang berakhir pada tanggal
Catatan 31 Desember 2025 31 Desember 2024
PERUBAHAN ASET NETO
Saldo awal 2f,8 33.321.406.112 31.522.194.239
Kenaikan tahun berjalan 2f,8 460.154.745 1.799.211.873
Saldo akhir 33.781.560.857 33.321.406.112
Penghasilan komprehensif lain - -
TOTAL ASET NETO 33.781.560.857 33.321.406.112
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan
3
Page 1002
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
LAPORAN ARUS KAS
Untuk Tahun yang Berakhir pada Tanggal
31 Desember 2025
(Disajikan dalam Rupiah)
Tahun yang berakhir pada tanggal
Catatan 31 Desember 2025 31 Desember 2024
ARUS KAS DARI AKTIVITAS OPERASI
Pengalihan Pengelolaan Dana Mitra Binaan 7 (11.000.000.000) (10.000.000.000)
Penerimaan Pokok Angsuran 4.407.074.564 8.501.789.249
Pendapatan Jasa Administrasi Pinjaman 9b 62.737.806 1.450.172.764
Penerimaan Piutang Pinjaman Mitra Binaan 5d 39.134.007 -
Pendapatan Lain-Lain 10 369.694 113.765.071
KAS NETO YANG (DIGUNAKAN UNTUK)/
DIPEROLEH DARI (6.490.683.929) 65.727.084
(PENURUNAN) KENAIKAN NETO DALAM KAS
DAN SETARA KAS (6.490.683.929) 65.727.084
KAS DAN SETARA KAS AWAL TAHUN 11.036.287.064 10.970.559.980
KAS DAN SETARA KAS AKHIR TAHUN 4.545.603.135 11.036.287.064
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan
4
Page 1003
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
1. PENJELASAN UMUM
a. Pendirian dan Informasi Umum
Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik Negara PT Bank Tabungan
Negara (Persero) Tbk (“Perusahaan”) dilaksanakan sesuai dengan Peraturan Menteri Badan
Usaha Milik Negara Republik Indonesia No. PER-1/MBU/03/2023 tanggal 3 Maret 2023 tentang
Penugasan Khusus dan Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik
Negara, yang antara lain mengatur bahwa, sebagaimana disebut dalam Pasal 23 ayat (3),
laporan keuangan dan pelaksanaan Program TJSL BUMN dilaporkan menjadi satu kesatuan
dalam laporan berkala dan laporan tahunan kinerja BUMN Pembina.
Selain hal di atas, antara lain, sebagaimana diatur dalam Pasal 23 ayat (4), untuk laporan
keuangan dan pelaksanaan Program Pendanaan Usaha Mikro dan Usaha Kecil tahunan tetap
dilaporkan tersendiri dan harus diaudit oleh Kantor Akuntan Publik secara terpisah dari audit
laporan keuangan BUMN Pembina.
Definisi Program Pendanaan Usaha Mikro dan Usaha Kecil mengacu kepada Peraturan Menteri
Badan Usaha Milik Negara Republik Indonesia No. PER-1/MBU/03/2023 tanggal 3 Maret 2023
tentang Penugasan Khusus dan Program Tanggung Jawab Sosial dan Lingkungan Badan
Usaha Milik Negara dan ketentuan-ketentuan peraturan pelaksanaannya adalah tentang
Program Pendanaan UMK yang bertujuan untuk meningkatkan kemampuan usaha kecil agar
menjadi tangguh dan mandiri melalui pemanfaatan dana BUMN.
b. Kegiatan Utama
Kegiatan utama Program Pendanaan Usaha Mikro dan Usaha Kecil (UMK) adalah penyaluran
pinjaman dan penyaluran dana pembinaan. Dana Program Pendanaan UMK kepada Mitra Binaan
disalurkan dalam bentuk:
a. Berdasarkan Surat Menteri Badan Usaha Milik Negara No. S-721/MBU/11/2022 tanggal
10 November 2022 (Poin 3), kementerian merekomendasikan PT Bank Rakyat Indonesia
(Persero) Tbk sebagai pengelola Kerja Sama Program PUMK, sehingga sejak tahun 2023,
Perusahaan sudah tidak melakukan penyaluran pinjaman.
b. Pinjaman untuk membiayai modal kerja dalam rangka meningkatkan produksi dan penjualan.
c. Pinjaman khusus untuk membiayai kebutuhan yang bersifat jangka pendek dalam rangka
memenuhi pesanan dari rekanan usaha mitra binaan.
d. Beban pembinaan:
1) Untuk membiayai pendidikan, pelatihan, penelitian, pemagangan, pemasaran, promosi,
yang menyangkut peningkatan kualitas sumber daya manusia dan kemampuan
pengelolaan usahanya;
2) Beban pembinaan hanya dapat diberikan kepada atau untuk kepentingan Mitra Binaan.
c. Struktur Organisasi dan Susunan Pengelola
Susunan pengelola Program Pendanaan UMK BTN pada tanggal-tanggal 31 Desember 2025 dan
2024 adalah sebagai berikut:
2025 2024
Pembina Nixon L.P. Napitupulu Nixon L.P. Napitupulu
Hermita* Muhammad Iqbal*
Program Pendanaan UMK
Pimpinan Bramantyo Tri Adi Nugroho** Roganda S. Mangapul**
Pelaksana Royansyah Putra Ginting*** Ardi Darmawan***
Pelaksana Agusri Naufal**** Mayang Shafira S****
Pelaksana - Diandary Denovari****
5
Page 1004
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
1. PENJELASAN UMUM (lanjutan)
c. Struktur Organisasi dan Susunan Pengelola (lanjutan)
Tahun 2025
*) Menjadi Pembina Program Pendanaan UMK sejak Maret 2025
**) Menjadi Pimpinan Program Pendanaan UMK sejak Maret 2025
***) Menjadi Pelaksana Program Pendanaan UMK sejak April 2025
****) Menjadi Pelaksana Program Pendanaan UMK sejak September 2025
Tahun 2024
*) Menjadi Pembina Program Pendanaan UMK s.d. Maret 2025
**) Menjadi Pimpinan Program Pendanaan UMK s.d. Maret 2025
***) Menjadi Pelaksana Program Pendanaan UMK s.d. April 2025
****) Menjadi Pelaksana Program Pendanaan UMK s.d. September 2025
Mulai tahun 2023, struktur pengelola Program TJSL BUMN mengikuti peraturan terbaru dari Menteri
BUMN No. PER-1/MBU/03/2023 dimana Program TJSL BUMN dilaporkan terpisah dan menjadi
satu kesatuan dari laporan keuangan BUMN Pembina.
d. Ketentuan Program Pendanaan UMK Mengacu kepada Peraturan Menteri BUMN No. PER-
1/MBU/03/2023 tanggal 3 Maret 2023
1) Program Pendanaan UMK adalah program untuk meningkatkan kemampuan usaha mikro
dan usaha kecil agar menjadi tangguh dan mandiri.
2) Dalam peraturan di atas diatur tentang kriteria usaha mikro dan usaha kecil yang berhak
menjadi mitra binaan BUMN, antara lain, sebagai berikut:
i) Dimiliki oleh warga negara Indonesia.
ii) Belum memenuhi kriteria atau memiliki akses pinjaman kepada lembaga pendanaan
atau perbankan.
iii) Diutamakan usaha mikro dan usaha kecil dengan jenis usaha yang sejalan dengan
bidang dan/atau mendukung bisnis BUMN.
iv) Diutamakan usaha mikro dan usaha kecil yang berlokasi di wilayah kerja BUMN.
v) Berdiri sendiri, bukan merupakan anak perusahaan atau cabang perusahaan yang
dimiliki, dikuasai, atau berafiliasi secara langsung maupun tidak langsung, dengan
usaha menengah atau usaha besar.
vi) Berbentuk usaha orang perseorangan dan/atau sekelompok orang, badan usaha yang
tidak berbadan hukum, atau badan usaha yang berbadan hukum.
vii) Mempunyai potensi dan prospek usaha untuk dikembangkan.
3) Bentuk dan maksimum pendanaannya adalah sebagai berikut:
a. Pemberian modal kerja dalam bentuk pinjaman dan/atau pembiayaan syariah dengan
jumlah pinjaman dan/atau pembiayaan syariah untuk setiap usaha mikro dan usaha
kecil paling banyak Rp250.000.000.
b. Pendanaan tambahan dalam bentuk pinjaman dan/atau pembiayaan syariah untuk
membiayai kebutuhan yang bersifat jangka pendek maksimal 1 tahun untuk memenuhi
pesanan dari rekanan usaha mikro dan usaha kecil dengan jumlah paling banyak
Rp100.000.000.
c. Modal kerja dalam bentuk pinjaman sebagaimana dimaksud pada huruf a dikenakan
jasa administrasi sebesar:
- 3% (tiga persen) efektif per tahun;
- suku bunga flat (tetap) yang setara dengan 3% (tiga persen) efektif per tahun; atau
- ketentuan lain yang ditetapkan Menteri,
dengan jangka waktu/tenor pinjaman paling lama 3 (tiga) tahun.
d. Pembiayaan syariah sebagaimana dimaksud pada huruf a diberikan berdasarkan:
- Prinsip jual beli, maka proyeksi margin yang dihasilkan disetarakan dengan margin
sebesar jasa administrasi sebagaimana dimaksud pada huruf 3c; atau
- Prinsip bagi hasil, maka rasio bagi hasil yang diterima BUMN mulai dari 10%
(sepuluh persen) sampai dengan paling banyak 50% (lima puluh persen)
berdasarkan perjanjian.
6
Page 1005
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
1. PENJELASAN UMUM (lanjutan)
d. Ketentuan Program Pendanaan UMK Mengacu kepada Peraturan Menteri BUMN No. PER-
1/MBU/03/2023 tanggal 3 Maret 2023 (lanjutan)
4) Syarat dan kondisi:
Untuk tata cara penyaluran pinjaman dan/atau pembiayaan syariah dalam Program
Pendanaan UMK diatur syarat dan kondisi yang harus dipenuhi calon usaha binaan, antara
lain, harus menyampaikan rencana dan/atau proposal kegiatan usaha kepada BUMN
Pembina yang nanti akan dilakukan seleksi dan evaluasi atas permohonan yang diajukan
oleh calon usaha mikro dan usaha kecil.
BUMN Pembina yang nanti akan dilakukan seleksi dan evaluasi atas permohonan yang
diajukan oleh calon usaha mikro dan usaha kecil.
Bagi calon binaan yang memenuhi syarat dan terpilih akan dibuatkan surat perjanjian
dan/atau kontrak yang berisi syarat dan kondisi tentang hak dan kewajiban yang harus
dipenuhi para pihak. Namun, sebelum dilakukan perjanjian, calon usaha mikro dan usaha
kecil binaan tersebut harus terlebih dahulu menyelesaikan proses administrasi terkait
dengan rencana pemberian modal kerja oleh perusahaan/BUMN bersangkutan.
5) Teknis pelaksanaan penyaluran Program Pendanaan UMK:
Dalam pelaksanaan penyaluran Program Pendanaan UMK, BUMN Pembina dapat
bekerjasama dengan BUMN lain, Anak perusahaan BUMN atau Perusahaan terafiliasi
BUMN yang memiliki bisnis sebagai lembaga pembiayaan dan perbankan atau memiliki
kemampuan dalam menyalurkan pinjaman.
Ketentuan pelaksanaan kerja sama dimaksud di atas dituangkan dalam surat perjanjian
dan/atau kontrak yang paling sedikit memuat hak dan kewajiban serta tugas dan tanggung
jawab masing-masing pihak.
6) Sumber dana Program TJSL BUMN berasal dari:
i) Anggaran kegiatan yang diperhitungkan sebagai biaya pada BUMN Pembina dalam
tahun anggaran berjalan.
ii) Penyisihan sebagian laba bersih BUMN Pembina pada tahun anggaran sebelumnya
dan/atau.
iii) Sumber lain yang sah sesuai dengan ketentuan peraturan perundang-undangan.
7) Sumber dana untuk Program Pendanaan UMK, selain sumber dana sebagaimana dimaksud
pada angka 6) di atas, dapat berasal dari:
i) Saldo dana Program Pendanaan UMK yang teralokasi sampai dengan akhir tahun 2015;
dan/atau;
ii) Jasa administrasi pinjaman/marjin/bagi hasil, bunga deposito dan/atau jasa giro dari
dana Program Pendanaan UMK
8) Besaran dana Program TJSL BUMN sebagaimana dijelaskan pada angka 6.i dan angka 6.ii
di atas, ditetapkan dalam Rencana Kerja Anggaran Perusahaan yang disahkan oleh
RUPS/Menteri.
9) Pembebanan beban operasional Program TJSL BUMN:
- Pembebanan beban operasional Program TJSL BUMN menjadi beban BUMN Pembina.
- Pembebanan beban kepada usaha mikro dan usaha kecil menjadi bagian dari biaya
Program TJSL BUMN.
7
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL
a. Dasar Penyajian Laporan Keuangan
Laporan keuangan disusun berdasarkan Standar Akuntansi Keuangan Entitas Privat (SAK-EP)
yang berlaku efektif pada tanggal 1 Januari 2025 menggantikan Standar Akuntansi Keuangan
Entitas Tanpa Akuntabilitas Publik (SAK-ETAP) yang diterbitkan oleh Dewan Standar Akuntansi
Keuangan - Ikatan Akuntan Indonesia dan mempertimbangkan Surat Edaran Menteri Negara
BUMN RI No. 1 Tahun 2026 tanggal 7 Januari 2026 tentang Pedoman Akuntansi Program
Pendanaan Usaha Mikro dan Usaha Kecil Badan Usaha Milik Negara yang mulai berlaku sejak
penyusunan Laporan Keuangan Program PUMK Tahun Buku 2025 menggantikan Surat Edaran
Kementerian BUMN No. SE-02/MBU/WK/2012 yang dikeluarkan tanggal 23 Februari 2012 perihal
penetapan pedoman akuntansi Program Kemitraan dan Bina Lingkungan. Sehubungan dengan
dicabutnya PSAK No. 45 tentang Penyajian Laporan Keuangan Entitas Nirlaba oleh Dewan
Standar Akuntansi Keuangan, selanjutnya penyajian laporan keuangan menggunakan Interpretasi
Standar Akuntansi Keuangan (ISAK 35) tentang Penyajian Laporan Keuangan Entitas Berorientasi
Nonlaba.
Perubahan yang timbul dari penerapan SAK-EP tersebut tidak berdampak material terhadap
laporan keuangan Program PUMK yang berakhir pada 31 Desember 2024, sehingga tidak
memerlukan penyajian kembali.
Laporan keuangan disusun menggunakan dasar akrual kecuali untuk Laporan Arus Kas disusun
menggunakan dasar kas. Laporan Arus Kas menyajikan penerimaan dan pengeluaran kas
yang diklasifikasikan dalam aktivitas operasi, investasi dan pendanaan yang disusun
dengan menggunakan metode langsung (direct method). Tahun buku Program Pendanaan UMK
BTN adalah 1 Januari 2025 sampai 31 Desember 2025 dan mata uang penyajian yang digunakan
dalam laporan keuangan adalah Rupiah yang juga merupakan mata uang fungsional Program
Pendanaan UMK BTN.
b. Kas dan Setara Kas
Kas dan setara kas adalah saldo kas dan bank yang dapat dipergunakan secara bebas untuk
membiayai kegiatan Program Pendanaan UMK tidak digunakan sebagai jaminan. Saldo kas dan
setara kas dicatat sebesar nilai nominalnya.
c. Piutang Pinjaman Mitra Binaan
Piutang pinjaman mitra binaan adalah pinjaman yang disalurkan oleh PT Bank Tabungan Negara
(Persero) Tbk kepada mitra binaan, sesuai dengan ketentuan yang berlaku. Saldo piutang
pinjaman mitra binaan termasuk piutang pinjaman mitra binaan yang disalurkan oleh Perusahaan
dan piutang pinjaman mitra binaan yang disalurkan melalui PT Bank Rakyat Indonesia (Persero)
Tbk sesuai dengan Surat Menteri Badan Usaha Milik Negara No.S-721/MBU/11/2022 tanggal 10
November 2022 (Poin 3), kementerian merokemendasikan PT Bank Rakyat Indonesia (Persero)
Tbk sebagai pengelola Kerja Sama Program PUMK.
Piutang pinjaman mitra binaan diakui pada saat pinjaman disalurkan kepada mitra binaan dan
diukur serta dicatat sebesar jumlah bersih yang diharapkan dapat ditagih dari mitra binaan.
Penggolongan kualitas piutang pinjaman mitra binaan dilakukan berdasarkan Peraturan Menteri
BUMN serta dengan ketentuan sebagai berikut:
i) Lancar, dalam hal pembayaran angsuran pokok dan jasa administrasi pinjaman tepat
waktu atau terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa administrasi
pinjaman paling lambat 30 hari dari tanggal jatuh tempo pembayaran angsuran, sesuai
dengan perjanjian yang telah disetujui bersama,
ii) Kurang lancar, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau
jasa administrasi pinjaman yang telah melampaui 30 hari sampai dengan 180 hari dari
tanggal jatuh tempo pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui
bersama,
8
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (lanjutan)
c. Piutang Pinjaman Mitra Binaan (lanjutan)
Penggolongan kualitas piutang pinjaman mitra binaan dilakukan berdasarkan Peraturan Menteri
BUMN serta dengan ketentuan sebagai berikut: (lanjutan)
iii) Diragukan, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa
administrasi pinjaman yang telah melampaui 180 hari sampai dengan 270 hari dari tanggal
jatuh tempo pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui
bersama,
iv) Macet, dalam hal terjadi keterlambatan pembayaran angsuran pokok dan/atau jasa
administrasi pinjaman yang telah melampaui 270 hari dari tanggal jatuh tempo
pembayaran angsuran, sesuai dengan perjanjian yang telah disetujui bersama.
d. Piutang Jasa Administrasi Pinjaman
Piutang bunga/jasa administrasi pinjaman mitra binaan terkait dengan piutang bunga jasa
administrasi atas pinjaman yang dicatat secara akrual untuk piutang pinjaman mitra binaan yang
disalurkan oleh Perusahaan dan piutang pinjaman mitra binaan yang disalurkan melalui PT Bank
Rakyat Indonesia (Persero) Tbk yang dibentuk oleh Perusahaan pada akhir periode akuntansi.
e. Cadangan Kerugian Penurunan Nilai
Cadangan kerugian penurunan nilai piutang pinjaman adalah besarnya cadangan atas piutang
pinjaman yang mungkin tidak tertagih dihitung berdasarkan estimasi kerugian yang tidak dapat
ditagih.
Cadangan kerugian penurunan nilai piutang pinjaman diakui saat akhir periode akuntansi dan
diukur dan dicatat sebesar estimasi kerugian yang tidak dapat ditagih. Penyisihan penurunan nilai
piutang pinjaman dihitung secara kolektif berdasarkan persentase tertentu tingkat ketertagihan
(collection) data historis yang ada.
f. Aset Neto
Aset neto adalah aset dikurangi dengan liabilitas. Aset neto diklasifikasikan menjadi Aset Neto
Terikat (ANT) dan Aset Neto Tidak Terikat (ANTT).
ANT adalah sumber daya yang penggunaannya dibatasi untuk tujuan tertentu atau tidak dapat
digunakan untuk kegiatan operasi normal. ANTT adalah sumber daya yang penggunaannya tidak
dibatasi untuk tujuan tertentu.
g. Pendapatan Jasa Administrasi Pinjaman
Pendapatan jasa administrasi pinjaman adalah pendapatan jasa yang dipungut atas pinjaman
dana Program Pendanaan UMK yang disalurkan kepada mitra binaan. Akrual pendapatan jasa
administrasi pinjaman diakui hanya untuk piutang dengan status lancar dan kurang lancar dan
diukur serta dicatat berdasarkan nilai yang telah jatuh tempo sesuai dengan kontrak.
h. Pendapatan Lain-lain
Pendapatan lain-lain adalah pendapatan yang tidak dapat digolongkan menurut klasifikasi
pendapatan yang telah disebutkan di atas dan diakui pada saat diterima. Pendapatan lain-lain
diukur dan dicatat sebesar nilai yang diterima Program Pendanaan UMK BTN.
i. Beban (Pembalikan) Penyisihan Penurunan Nilai Piutang Pinjaman
Beban (pembalikan) cadangan kerugian penurunan nilai piutang pinjaman adalah beban
(pendapatan) yang timbul akibat pembentukan (pembalikan) cadangan kerugian penurunan nilai
atas piutang pinjaman yang mungkin tidak tertagih.
9
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (lanjutan)
j. Transaksi dengan pihak berelasi
Program Pendanaan UMK BTN melakukan transaksi dengan pihak-pihak berelasi seperti yang
didefinisikan dalam SAK tentang "Pengungkapan Transaksi Pihak Berelasi", yang didefinisikan
antara lain:
a. Pihak yang memiliki pengendalian, pengendalian bersama atau pengaruh signifikan atas
entitas;
b. Entitas dimana entitas tersebut mempunyai pengendalian, pengendalian bersama, atas
pengaruh signifikan;
c. Personel manajemen kunci dari entitas dan entitas induknya (secara agregat); dan
d. Pihak berelasi.
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI DAN ASUMSI
a. Pertimbangan
Sesuai Peraturan Menteri BUMN, beban operasional Program Pendanaan UMK menjadi beban
PT Bank Tabungan Negara (Persero) Tbk selaku BUMN Pembina.
Mata uang fungsional Program Pendanaan UMK BTN adalah mata uang dari lingkungan ekonomi
primer dimana Program Pendanaan UMK BTN beroperasi. Mata uang tersebut adalah mata uang
yang mempengaruhi pendapatan dan beban dari jasa yang diberikan. Program Pendanaan UMK
BTN menentukan bahwa mata uang fungsionalnya adalah Rupiah.
b. Estimasi dan asumsi
Setiap akhir periode pelaporan, Program Pendanaan UMK BTN menelaah cadangan kerugian
penurunan nilai secara kolektif terhadap risiko kredit mitra binaan yang dikelompokkan
berdasarkan karakteristik kredit yang sama, yang meskipun tidak diidentifikasi secara spesifik
memerlukan penyisihan tertentu, memiliki risiko yang lebih besar tidak tertagih dibandingkan
dengan piutang yang diberikan kepada mitra binaan. Cadangan kerugian penurunan nilai piutang
pinjaman mitra binaan dihitung berdasarkan kajian nilai terkini dan historis tingkat ketertagihan dari
piutang.
Cadangan kerugian penurunan nilai piutang mitra binaan dihitung berdasarkan estimasi kerugian
yang tidak dapat ditagih yaitu secara kolektif berdasarkan persentase tertentu tingkat ketertagihan
(collection) data historis yang ada (minimal 2 tahun). Cadangan kerugian ini disesuaikan secara
berkala untuk mencerminkan hasil aktual dan estimasi.
4. KAS DAN SETARA KAS
Kas dan Setara Kas merupakan penempatan dana Program Pendanaan UMK pada rekening giro di
PT Bank Tabungan Negara (Persero) Tbk yang terdiri dari:
31 Desember 2025 31 Desember 2024
Program Pendanaan UMK yaitu:
- Rekening Giro Kantor Pusat 4.545.603.135 11.036.287.064
Total Kas dan Setara Kas 4.545.603.135 11.036.287.064
10
Page 1009
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
5. PIUTANG PINJAMAN MITRA BINAAN
a. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Wilayah
31 Desember 2025 31 Desember 2024
Wilayah DKI Jakarta dan Banten 10.703.684.465 13.130.145.743
Wilayah Kalimantan, Sulawersi, Maluku dan Papua 8.011.135.635 8.759.471.702
Wilayah Jawa Timur, Bali, NTB dan NTT 5.285.132.312 4.837.619.646
Wilayah Jawa Barat 4.788.434.868 5.084.263.634
Wilayah Sumatera 4.613.485.693 5.152.579.970
Wilayah D.I Yogyakarta dan Jawa Tengah 3.011.375.213 3.856.242.055
Total Piutang Pinjaman 36.413.248.186 40.820.322.750
Dikurangi penyisihan penurunan
nilai piutang pinjaman (36.061.047.896) (36.675.501.169)
352.200.290 4.144.821.581
Piutang pendapatan jasa administrasi 9.649.193 48.783.200
Neto 361.849.483 4.193.604.781
b. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Kualitas Pinjaman
31 Desember 2025
Cadangan Kerugian
Penurunan NIlai Saldo Piutang -
Saldo Piutang Piutang Pinjaman Neto
Lancar 10.692.663 491.312 10.201.351
Kurang Lancar 89.014.817 16.248.304 72.766.513
Diragukan 467.636.517 198.404.091 269.232.426
Macet 35.845.904.189 35.845.904.189 -
Total Piutang Pinjaman 36.413.248.186 36.061.047.896 352.200.290
31 Desember 2024
Cadangan Kerugian
Penurunan Nilai Saldo Piutang -
Saldo Piutang Piutang Pinjaman Neto
Lancar 388.990.786 17.595.221 371.395.565
Kurang Lancar 1.633.765.518 422.831.115 1.210.934.403
Diragukan 3.483.833.821 921.342.208 2.562.491.613
Macet 35.313.732.625 35.313.732.625 -
Total Piutang Pinjaman 40.820.322.750 36.675.501.169 4.144.821.581
11
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
5. PIUTANG PINJAMAN MITRA BINAAN (lanjutan)
c. Perubahan Cadangan Kerugian Penurunan Nilai Piutang Pinjaman (lanjutan)
Perubahan cadangan kerugian penurunan nilai piutang pinjaman kepada mitra binaan pada tahun
yang berakhir pada tanggal-tanggal 31 Desember 2025 dan 2024 adalah sebagai berikut:
31 Desember 2025 31 Desember 2024
Saldo awal tahun 36.675.501.169 36.893.857.090
Beban cadangan kerugian penurunan
nilai piutang pinjaman selama tahun berjalan (614.453.273) (218.355.921)
Saldo akhir tahun 36.061.047.896 36.675.501.169
Manajemen berkeyakinan bahwa cadangan kerugian penurunan nilai piutang yang telah dibentuk
telah memadai untuk menutupi kemungkinan kerugian atas tidak tertagihnya piutang pinjaman mitra
binaan.
d. Rincian Piutang Pinjaman Mitra Binaan Berdasarkan Sektor Ekonomi
31 Desember 2025 31 Desember 2024
Perdagangan 19.834.828.023 23.018.799.642
Jasa 4.315.112.607 5.205.772.661
Peternakan 3.831.629.158 3.857.289.615
Pertanian 3.357.699.913 3.407.007.234
Industri 2.836.490.735 3.039.535.211
Perikanan 805.251.542 834.495.525
Perkebunan 243.517.861 265.287.847
Industri Kreatif 88.559.395 91.976.063
Usaha Lainnya 1.100.158.952 1.100.158.952
Total Piutang Pinjaman 36.413.248.186 40.820.322.750
Dikurangi cadangan kerugian
penurunan nilai piutang pinjaman (36.061.047.896) (36.675.501.169)
352.200.290 4.144.821.581
Piutang pendapatan jasa administrasi 9.649.193 48.783.200
Neto 361.849.483 4.193.604.781
6. PIUTANG KERJASAMA PUMK MITRA BINAAN
a. Piutang kerjasama PUMK kepada mitra binaan merupakan penyaluran PUMK kepada Mitra Binaan
yang dilakukan melalui PT Bank Rakyat Indonesia (Persero) Tbk sesuai dengan Perjanjan
Kerjasama No. 03/PKS/SMBDX/2023 pada tanggal 13 Oktober 2023. PT Bank Tabungan Negara
(Persero) Tbk bekerjasama dengan PT Bank Rakyat Indonesia (Persero) Tbk dalam rangka
pelaksanaan penyaluran program PUMK dengan jangka waktu perjanjian kerjasama selama 5 (lima)
tahun. Pada saat perjanjian kerjasama telah selesai dilakukan, PT Bank Rakyat Indonesia (Persero)
Tbk akan mengembalikan dana program PUMK yang dikerjasamakan secara bertahap kepada
PT Bank Tabungan Negara (Persero) Tbk.
12
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
6. PIUTANG KERJASAMA PUMK MITRA BINAAN (lanjutan)
b. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Sektor Ekonomi
31 Desember 2025 31 Desember 2024
Perdagangan 7.077.102.552 5.208.034.422
Jasa 2.408.890.928 2.170.845.917
Industri 1.057.502.038 549.553.070
Pertanian 346.613.124 60.681.610
Perikanan 246.560.026 186.340.858
Peternakan 222.142.980 188.193.474
Perkebunan 50.000.000 -
Usaha Lainnya 382.671.621 5.347.289.633
Total piutang pinjaman 11.791.483.269 13.710.938.984
Dikurangi cadangan kerugian
penurunan nilai piutang pinjaman (657.385.193) (34.878.957)
Neto 11.134.098.076 13.676.060.027
c. Mutasi cadangan kerugian penurunan nilai
2025 2024
Saldo awal 34.878.957 -
Pembentukan cadangan kerugian
penurunan nilai 622.506.236 34.878.957
Saldo akhir 657.385.193 34.878.957
d. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Wilayah
31 Desember 2025 31 Desember 2024
Wilayah D.I Yogyakarta dan Jawa Tengah 4.648.320.278 2.553.683.655
Wilayah Kalimantan, Sulawesi, Maluku dan Papua 3.375.961.614 6.475.955.305
Wilayah Jawa Timur, Bali, NTB dan NTT 1.934.968.271 1.867.636.532
Wilayah Jawa Barat 1.331.730.821 2.583.663.492
Wilayah DKI Jakarta dan Banten 353.567.629 -
Wilayah Sumatera 146.934.656 230.000.000
Total piutang pinjaman 11.791.483.269 13.710.938.984
Dikurangi cadangan kerugian
penurunan nilai piutang pinjaman (657.385.193) (34.878.957)
Neto 11.134.098.076 13.676.060.027
13
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
6. PIUTANG KERJASAMA PUMK MITRA BINAAN (lanjutan)
e. Rincian Piutang Kerjasama Mitra Binaan Berdasarkan Kualitas Pinjaman
31 Desember 2025
Cadangan Kerugian
Penurunan Nilai Saldo Piutang -
Saldo Piutang Piutang Pinjaman Neto
Lancar 10.712.435.669 65.098.141 10.647.337.528
Kurang Lancar 525.183.338 125.137.538 400.045.800
Diragukan 183.304.944 96.590.196 86.714.748
Macet 370.559.318 370.559.318 -
Total Piutang Pinjaman 11.791.483.269 657.385.193 11.134.098.076
31 Desember 2024
Cadangan Kerugian
Penurunan Nilai Saldo Piutang -
Saldo Piutang Piutang Pinjaman Neto
Lancar 13.520.127.798 17.518.878 13.502.608.920
Kurang Lancar 176.209.886 17.360.079 158.849.807
Diragukan 14.601.300 - 14.601.300
Macet - - -
Total Piutang Pinjaman 13.710.938.984 34.878.957 13.676.060.027
7. PIUTANG KERJASAMA PUMK KEPADA BRI
Berdasarkan Perjanjan Kerjasama No. 03/PKS/SMBDX/2023 pada tanggal 13 Oktober 2023,
PT Bank Tabungan Negara (Persero) Tbk bekerjasama dengan PT Bank Rakyat Indonesia (Persero)
Tbk dalam rangka pelaksanaan penyaluran program PUMK dengan jangka waktu perjanjian kerjasama
selama 5 (lima) tahun. Pada saat perjanjian kerjasama telah selesai dilakukan, PT Bank Rakyat
Indonesia (Persero) Tbk akan mengembalikan dana program PUMK yang dikerjasamakan secara
bertahap kepada PT Bank Tabungan Negara (Persero) Tbk. Piutang ini merupakan piutang pihak
berelasi (Catatan 11).
31 Desember 2025 31 Desember 2024
Piutang BUMN Penyaluran BRI 17.334.909.955 4.289.061.016
Piutang Jasa Administrasi BUMN Penyaluran BRI 405.100.208 126.393.224
Total 17.740.010.163 4.415.454.240
Rincian piutang kerjasama PUMK kepada BRI sebagai berikut:
31 Desember 2025
Penerimaan
Penerimaan Jasa Administrasi Dana yang Saldo Akhir Dana
Saldo Awal Dana Tambahan Dana Pokok Pinjaman Dipinjamkan kepada PUMK
PUMK Kepada BRI PUMK kepada BRI dari Mitra Binaan dari Mitra Binaan Mitra Binaan Kepada BRI
4.415.454.240 11.000.000.000 8.473.755.715 405.100.208 (6.554.300.000) 17.740.010.163
31 Desember 2024
Penerimaan
Penerimaan Jasa Administrasi Dana yang Saldo Akhir Dana
Saldo Awal Dana Tambahan Dana Pokok Pinjaman Dipinjamkan kepada PUMK
PUMK Kepada BRI PUMK Kepada BRI dari Mitra Binaan dari Mitra Binaan Mitra Binaan Kepada BRI
7.214.000.000 10.000.000.000 1.924.861.016 126.393.224 (14.849.800.000) 4.415.454.240
14
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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
8. ASET NETO
31 Desember 2025 31 Desember 2024
Aset Neto Tidak Terikat
Saldo awal 33.321.406.112 31.522.194.239
Kenaikan aset neto tidak terikat 460.154.745 1.799.211.873
Saldo Akhir 33.781.560.857 33.321.406.112
9. PENDAPATAN JASA ADMINISTRASI PINJAMAN
a. Rincian Pendapatan Jasa Administrasi Berdasarkan Wilayah
Tahun yang berakhir pada tanggal
31 Desember 2025 31 Desember 2024
Wilayah Kalimantan, Sulawesi, Maluku dan Papua 162.647.791 185.837.468
Wilayah D.I Yogyakarta dan Jawa tengah 133.816.866 53.061.590
Wilayah Jawa Timur, Bali, NTB dan NTT 82.526.281 90.650.486
Wilayah Jawa Barat 65.935.257 55.963.900
Wilayah DKI Jakarta dan Banten 12.488.123 1.075.880.797
Wilayah Sumatera 10.423.696 40.574.696
Total 467.838.014 1.501.968.937
b. Rincian Pendapatan Jasa Administrasi Berdasarkan Penyaluran Kerjasama
Tahun yang berakhir pada tanggal
31 Desember 2025 31 Desember 2024
Pendapatan jasa administrasi atas pinjaman
Mitra Binaan – penyaluran BTN 62.737.806 1.375.575.713
Pendapatan jasa administrasi atas pinjaman
Mitra Binaan – penyaluran BRI 405.100.208 126.393.224
Total 467.838.014 1.501.968.937
10. PENDAPATAN LAIN-LAIN
Pendapatan lain-lain merupakan pendapatan yang berasal dari sumber di luar kegiatan utama Program
Pendanaan UMK dan tidak bersifat rutin yakni berupa denda keterlambatan pembayaran angsuran oleh
debitur. Pendapatan lain-lain pada tahun yang berakhir pada tanggal-tanggal 31 Desember 2025 dan
2024, masing-masing sebesar Rp369.694 dan Rp113.765.972.
11. TRANSAKSI DENGAN PIHAK BERELASI
a. Jenis hubungan dan unsur transaksi dengan pihak berelasi
Pihak berelasi Jenis hubungan Unsur transaksi pihak berelasi
PT Bank Tabungan Negara BUMN Pembina Penempatan Dana
(Persero) Tbk
PT Bank Rakyat Indonesia Pengendalian melalui Pemerintah Piutang kepada BUMN Pembina
(Persero) Tbk Pusat Republik Indonesia Lain/Lembaga penyalur
15
Page 1014
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
11. TRANSAKSI DENGAN PIHAK BERELASI (lanjutan)
31 Desember 2025 31 Desember 2024
Aset
Kas di bank 4.545.603.135 11.036.287.064
Piutang kerjasama PUMK
kepada BRI 17.740.010.163 4.415.454.240
Total 22.285.613.298 15.451.741.304
Persentase total aset pada pihak
berelasi terhadap total aset 65,96% 46,37%
Tahun yang berakhir pada tanggal
31 Desember
2025 2024
Pendapatan
Pendapatan jasa administrasi (Catatan 9) 405.100.208 126.393.224
405.100.208 126.393.224
Persentase total pendapatan kepada pihak
berelasi terhadap total pendapatan 86,52% 7,82%
Tahun yang berakhir pada tanggal
31 Desember
2025 2024
Beban
Beban cadangan kerugian
penurunan nilai piutang pinjaman 622.506.236 34.878.957
622.506.236 34.878.957
Persentase total beban kepada pihak
berelasi terhadap total beban 7.730,15% (19,00%)
12. REKLASIFIKASI AKUN LAPORAN KEUANGAN
Beberapa akun dalam laporan posisi keuangan pada tanggal 31 Desember 2024 telah direklasifikasi
sehingga sesuai dengan penyajian laporan keuangan pada tanggal 31 Desember 2025 dan untuk tahun
yang berakhir pada tanggal tersebut. Ringkasan dari akun-akun tersebut adalah sebagai berikut:
31 Desember 2024
Sebelum Setelah
Reklasifikasi Reklasifikasi Reklasifikasi
ASET
ASET LANCAR
Kas dan setara kas 11.036.287.064 11.036.287.064 -
Piutang Pinjaman Mitra Binaan - neto
(Setelah dikurangi cadangan kerugian
Penurunan Nilai Piutang Pinjaman
sebesar Rp36.675.501.169) 4.193.604.781 4.193.604.781 -
TOTAL ASET LANCAR 15.229.891.845 15.229.891.845 -
16
Page 1015
PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
CATATAN ATAS LAPORAN KEUANGAN
Tanggal 31 Desember 2025 dan untuk Tahun yang Berakhir pada Tanggal Tersebut
(Disajikan dalam Rupiah)
12. REKLASIFIKASI AKUN LAPORAN KEUANGAN (lanjutan)
Beberapa akun dalam laporan posisi keuangan pada tanggal 31 Desember 2024 telah direklasifikasi
sehingga sesuai dengan penyajian laporan keuangan pada tanggal 31 Desember 2025 dan untuk tahun
yang berakhir pada tanggal tersebut. Ringkasan dari akun-akun tersebut adalah sebagai berikut:
(lanjutan)
31 Desember 2024
Sebelum Setelah
Reklasifikasi Reklasifikasi Reklasifikasi
ASET TIDAK LANCAR
Piutang Pinjaman Mitra Binaan - neto
(Setelah dikurangi cadangan kerugian
Penurunan Nilai Piutang Pinjaman
sebesar Rp34.878.957) 13.676.060.027 13.676.060.027 -
Piutang Kerjasama PUMK kepada BRI 4.415.454.240 4.415.454.240 -
TOTAL ASET TIDAK LANCAR 18.091.514.267 18.091.514.267 -
TOTAL ASET 33.321.406.112 33.321.406.112 -
31 Desember 2024
Sebelum Setelah
Reklasifikasi Reklasifikasi Reklasifikasi
ASET
Kas dan setara kas - 11.036.287.064 11.036.287.064
Piutang Pinjaman Mitra Binaan - neto
(Setelah dikurangi cadangan kerugian
penurunan nilai piutang pinjaman
sebesar Rp36.675.501.169) - 4.193.604.781 4.193.604.781
Piutang Pinjaman Mitra Binaan - neto
(Setelah dikurangi cadangan kerugian
penurunan nilai piutang pinjaman
sebesar Rp34.878.957) - 13.676.060.027 13.676.060.027
Piutang Kerjasama PUMK kepada BRI - 4.415.454.240 4.415.454.240
TOTAL ASET - 33.321.406.112 33.321.406.112
13. PENYELESAIAN LAPORAN KEUANGAN
Laporan keuangan ini diselesaikan dan disetujui untuk diterbitkan oleh pengelola pada tanggal
12 Maret 2026.
17
Page 1016
Page 1017
Peringkat oleh Pefindo berdasarkan data dan informasi dari Perusahaan serta Laporan Keuangan Audit per 31 Desember 2025.
Page 1018
2025 ANNUAL REPORT PT Bank Tabungan Negara (Persero) Tbk Menara BTN Jl. Gajah Mada No. 1 Jakarta 10130 Telp: 62-21 6336789, 6332666 Fax: 62-21 6346704 E-mail: csd@btn.co.id Contact Center: 1500 286
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