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Page 1
STATEMENTS OF FINANCIAL POSITION
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2025 and December 31, 2024
(In Millions of Rupiah)
INDIVIDUAL CONSOLIDATED
NO ACCOUNTS September 30, 2025 December 31, 2024 September 30, 2025 December 31, 2024
(Unaudited) (Audited) (Unaudited) (Audited)
ASSETS
1 Cash 1,595,921 2,105,620 1,595,960 2,105,620
2 Placements with Bank Indonesia 43,256,489 27,400,963 43,294,930 27,400,963
3 Placements with other banks 4,083,000 5,951,807 4,084,135 5,951,807
4 Spot and derivative receivables/forward - 102,843 - 102,843
5 Securities 61,371,441 57,339,639 62,426,587 57,339,639
6 Securities sold under repurchase agreements (Repo) 406,881 3,499,300 406,881 3,499,300
7 Securities purchased under resale agreements (Reverse Repo) 138,699 175,625 138,699 175,625
8 Acceptances receivables 752,158 941,898 752,158 941,898
9 Loans 329,924,148 314,080,105 329,924,148 314,080,105
10 Sharia financing 51,106,100 43,892,827 51,106,100 43,892,827
11 Investment in share 1,639,183 - 29 -
12 Others financials assets 14,568,280 11,712,851 14,568,280 11,712,851
13 Allowance for impairment on financial assets -/-
a Securities (285) (787) (285) (787)
b Loans and Sharia financing (14,533,439) (13,057,187) (14,533,439) (13,057,187)
c Others (2,605) (4,558) (2,605) (4,558)
14 Intangible assets 408,757 137,531 948,013 137,531
Accumulated amortisation for intangible assets -/- (44,962) (15,523) (53,065) (15,523)
15 Premises and equipment 15,176,625 14,059,957 15,181,469 14,059,957
Accumulated depreciation on premises and equipment -/- (5,343,822) (4,883,826) (5,348,565) (4,883,826)
16 Non earning assets
a Abandoned properties 1,410 1,410 1,410 1,410
b Repossessed assets 77,591 77,591 77,591 77,591
c Suspense account - - - -
d Inter office assets - - - -
17 Other assets 6,268,893 6,096,416 6,288,237 6,096,416
TOTAL ASSETS 510,850,463 469,614,502 510,856,668 469,614,502
Page 2
STATEMENTS OF FINANCIAL POSITION
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2025 and December 31, 2024
(In Millions of Rupiah)
INDIVIDUAL CONSOLIDATED
NO ACCOUNTS September 30, 2025 December 31, 2024 September 30, 2025 December 31, 2024
(Unaudited) (Audited) (Unaudited) (Audited)
ASSETS
LIABILITIES AND EQUITY
LIABILITIES
1 Demand deposits 160,071,914 160,847,953 160,071,921 160,847,953
2 Savings deposits 42,754,298 45,509,861 42,754,551 45,509,861
3 Time deposits 227,098,113 175,309,187 227,098,902 175,309,187
4 Electronic money - - - -
5 Fund from Bank Indonesia - - - -
6 Fund from other banks 112,955 104,745 112,955 104,745
7 Spot and derivative liabilities/forward - - - -
8 Securities sold under repurchase agreements (Repo) 342,159 3,409,426 342,159 3,409,426
9 Acceptances liabilities 752,158 941,898 752,158 941,898
10 Securities issued 3,729,855 5,444,524 3,729,855 5,444,524
11 Fund borrowings 35,043,777 39,813,189 35,043,777 39,813,189
12 Margin deposits received 9,933 9,604 9,933 9,604
13 Inter office liabilities - - - -
14 Other liabilities 6,252,942 5,652,226 6,257,728 5,652,226
15 Minority interest - - 18 -
TOTAL LIABILITIES 476,168,104 437,042,613 476,173,957 437,042,613
EQUITY
16 Share capital
a Authorised capital 10,239,216 10,239,216 10,239,216 10,239,216
b Unpaid-in capital -/- (3,221,994) (3,221,994) (3,221,994) (3,221,994)
c Treasury stock -/- - - - -
17 Additional Paid-in Capital
a Agio 4,418,900 4,418,900 4,418,900 4,418,900
b Disagio -/- - - - -
c Funds for paid-up capital - - - -
d Others - - - -
18 Other comprehensive income
a Gain 3,661,082 3,565,773 3,661,434 3,565,773
b Losses -/- (1,111,765) (1,576,079) (1,111,765) (1,576,079)
19 Reserve
a General reserve 4,621,242 4,621,242 4,621,242 4,621,242
b Appropriated reserve 840,476 840,476 840,476 840,476
20 Retained Earning
a Previous years 13,684,355 11,377,225 13,684,355 11,377,225
b Current year 2,302,680 3,007,328 2,302,680 3,007,328
c Paid Dividend -/- (751,833) (700,198) (751,833) (700,198)
TOTAL EQUITY ATTRIBUTABLE TO OWNER 34,682,359 32,571,889 34,682,711 32,571,889
34,682,359 32,571,889 34,682,711 32,571,889
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY 510,850,463 469,614,502 510,856,668 469,614,502
Page 3
STATEMENTS OF INCOME AND OTHER COMPREHENSIVE
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(In Millions of Rupiah)
INDIVIDUAL CONSOLIDATED
NO ACCOUNTS September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
(Unaudited) (Reviewed) (Unaudited) (Reviewed)
OPERATING INCOME AND EXPENSES
A. Interest Income and Expenses
1 Interest income 26,558,209 22,365,976 26,579,306 22,365,976
2 Interest expenses 13,817,410 13,475,445 13,817,389 13,475,445
Net interest income (Expenses) 12,740,799 8,890,531 12,761,917 8,890,531
B. Operating Income and Expenses Other than Interest
1 Gain (loss) from increase (decrease) in fair value of financial assets 107,697 122,739 107,697 122,739
2 Gain (loss) from decrease (increase ) in fair value of financial liabilities - - - -
3 Gain (loss) from sale of financial assets 1,005,257 690,909 1,005,257 690,909
4 Gain (Loss) from spot and derivative transaction/forward (realised) (50,749) (855) (50,749) (855)
5 Gain (Loss) from investment in shares under equity method - - - -
6 Gain (Losses) from foreign currencies translation 164,959 14,496 164,959 14,496
7 Dividend Income - - - -
8 Comissions/provisions/fees and administrative 1,074,601 1,102,743 1,074,562 1,102,743
9 Other income 803,979 779,924 794,558 779,924
10 Impairment for financial assets 4,476,352 1,305,084 4,476,352 1,305,084
11 Losses related to operational risk - - - -
12 Salaries and employee benefits 3,621,505 3,408,937 3,626,761 3,408,937
13 Promotion expenses 450,947 407,201 450,948 407,201
14 Other expenses 4,394,777 3,819,220 4,399,389 3,819,220
Other Operating Income (Expenses) (9,837,837) (6,230,486) (9,857,166) (6,230,486)
PROFIT (LOSS) FROM OPERATIONS 2,902,962 2,660,045 2,904,751 2,660,045
NON OPERATING INCOME AND EXPENSES
1 Gain (loss) from sale of premises and equipment 942 3,045 958 3,045
2 Other non operating income (expenses) (43,503) (46,693) (43,506) (46,693)
PROFIT (LOSS) FROM NON OPERATING (42,561) (43,648) (42,548) (43,648)
PROFIT (LOSS) CURRENT PERIOD BEFORE TAX 2,860,401 2,616,397 2,862,203 2,616,397
Income tax expenses
a Estimated current tax -/- - (153,690) (2,437) (153,690)
b Deferred tax income (expenses) (557,721) (380,314) (557,086) (380,314)
PROFIT (LOSS) CURRENT PERIOD 2,302,680 2,082,393 2,302,680 2,082,393
PROFIT (LOSS) MINORITY INTEREST - - - -
OTHER COMPREHENSIVE INCOME
1 Unreclassified to profit (loss)
a Gain (loss) from revaluation of premises and equipment 77,163 - 77,163 -
b Gain (loss) from remeasurement on defined benefit plans (101,015) (31,219) (101,015) (31,219)
c Others 19,193 5,932 19,193 5,932
2 Reclassified to profit (loss)
a Gain (losses) from adjustments arising from translation of financial statement - - - -
b Gain (losses) from changes of financial assets on available for sale 627,585 158,933 627,937 158,933
c Others (63,303) 12,551 (63,303) 12,551
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX 559,623 146,197 559,975 146,197
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,862,303 2,228,590 2,862,655 2,228,590
Current Year Net Profit (Loss) Attributable to :
- Owner of Company 2,302,680 2,082,393 2,302,680 2,082,393
- Non Controlling Interest - - - -
TOTAL CURRENT YEAR NET PROFIT (LOSS) 2,302,680 2,082,393 2,302,680 2,082,393
Total Comprehensive Profit (Loss) For The Year Attributable to:
- Owner of Company 2,862,303 2,228,590 2,862,655 2,228,590
- Non Controlling Interest - - - -
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,862,303 2,228,590 2,862,655 2,228,590
TRANSFER PROFIT (LOSS) TO HEAD OFFICE - - - -
DIVIDEND - - - -
EARNINGS PER SHARE (in rupiah) 164 148 164 148
Page 4
STATEMENTS OF COMMITMENTS AND CONTINGENCIES
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2025 and December 31, 2024
(In Millions of Rupiah)
INDIVIDUAL CONSOLIDATED
NO ACCOUNTS September 30, 2025 December 31, 2024 September 30, 2025 December 31, 2024
(Unaudited) (Audited) (Unaudited) (Audited)
I. COMMITMENT RECEIVABLES
1 Unused fund borrowings/financing facilities - - - -
2 Outstanding purchase position on spot and derivative/forward - 1,963,590 - 1,963,590
3 Others - - - -
II. COMMITMENT PAYABLES
1 Unused loan facilities granted to customer
a Committed 196,252 86,184 196,252 86,184
b Uncommitted 12,645,461 15,528,711 12,645,461 15,528,711
2 Outstanding irrevocable letters of credit 69,053 249,694 69,053 249,694
3 Outstanding sales position on spot and derivative/forward - 1,806,505 - 1,806,505
4 Others 14,851 14,353 14,851 14,353
III. CONTINGENT RECEIVABLES
1 Guarantees received 2,771,846 2,350,910 2,771,846 2,350,910
2 Others 14,537,525 9,209,022 14,537,525 9,209,022
IV. CONTINGENT PAYABLES
1 Guarantees issued 5,200,016 3,124,003 5,200,016 3,124,003
2 Others - - - -
Page 5
Statements of Assets’ Quality and Other Information
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(In Millions of Rupiah)
INDIVIDUAL
September 30, 2025 September 30, 2024
NO ACCOUNTS (Unaudited) (Reviewed)
Special
Current Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
Mention
I. RELATED PARTIES
1. Placements with other banks
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
3. Securities
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables - - - - - - - - - - - -
7. Loans and financing provided
a. Debitur Usaha Mikro, Kecil dan Menengah (UMKM)
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
b. Bukan debitur UMKM
i Rupiah 87,285 - - - - 87,285 84,787 643 - - - 85,430
ii Foreign currencies - - - - - - - - - - - -
c. Kredit yang direstrukturisasi
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares - - - - - - - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
Page 6
INDIVIDUAL
September 30, 2025 September 30, 2024
NO ACCOUNTS (Unaudited) (Reviewed)
Special
Current Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
Mention
II. NON RELATED PARTIES
1. Placements with other banks
a. Rupiah 60,046 - - - - 60,046 1,446,932 - - - - 1,446,932
b. Foreign currencies 4,020,912 - - - 2,042 4,022,954 1,914,446 - - - 1,765 1,916,211
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - 54,812 - - - - 54,812
3. Securities
a. Rupiah 53,971,549 34,553 3,188 4,985 49,501 54,063,776 42,520,537 48,767 4,412 7,430 52,865 42,634,011
b. Foreign currencies 7,307,665 - - - - 7,307,665 11,859,283 - - - - 11,859,283
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah - - - - - - 982,925 - - - - 982,925
b. Foreign currencies 406,881 - - - - 406,881 - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah 138,699 - - - - 138,699 250,523 - - - - 250,523
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables 752,158 - - - - 752,158 955,198 - - - - 955,198
7. Loans and financing provided
a. Debitur Usaha Mikro, Kecil dan Menengah (UMKM)
i Rupiah 6,860,935 236,243 46,459 45,714 648,405 7,837,756 7,278,718 216,376 16,873 40,865 757,352 8,310,184
ii Foreign currencies - - - - - - - - - - - -
b. Bukan debitur UMKM
i Rupiah 319,686,719 39,296,446 1,031,552 1,551,114 9,825,727 371,391,558 300,583,729 34,266,063 810,963 1,723,105 8,169,995 345,553,855
ii Foreign currencies 1,713,649 - - - - 1,713,649 2,114,231 - - - - 2,114,231
c. Kredit yang direstrukturisasi
i Rupiah 26,122,236 27,476,970 610,398 942,193 6,817,650 61,969,447 29,367,039 21,754,952 476,725 1,277,886 6,051,120 58,927,722
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares 1,639,183 - - - - 1,639,183 - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah 15,462,872 626,389 18,895 1,392 141,885 16,251,433 16,805,210 480,991 1,936 7,504 150,721 17,446,362
b. Foreign currencies 1,874,200 - - - - 1,874,200 647,139 - - - - 647,139
III. OTHER INFORMATION
1. Value of bank’s assets pledge as collateral:
a. To Bank Indonesia - -
b. To others - -
2. Repossessed assets 77,591 77,591
Page 7
Losses and Allowance for Asset Quality Assessment
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(In Millions of Rupiah)
INDIVIDUAL
September 30, 2025 September 30, 2024
(Unaudited) (Reviewed)
NO ACCOUNTS
Required allowance for Required allowance for
Allowance for Impairment Allowance for Impairment
losses on earning assets losses on earning assets
Stage 1 Stage 2 Stage 3 General Special Stage 1 Stage 2 Stage 3 General Special
1. Placements with other banks 87 - 2,043 40,810 2,043 30 - 1,765 20,463 1,765 (4,203,954)
2. Spot and derivative receivables/forward - - - - - - - - 548 -
3. Securities 285 - - 171,644 54,200 18 - - 42,517 59,680
4. Securities sold with agreement to repurchase (Repo) - - - 3,282 - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo) - - - 1,386 - - - - 2,505 -
6. Acceptances receivables 475 - - 7,519 - 298 - - 9,552 -
7. Loans and financing provided 2,423,569 4,100,260 8,009,610 3,237,884 6,586,631 2,514,406 3,371,695 8,687,781 2,942,958 9,698,087
8. Investments in shares - - - 16,298 - - - - - - -
9. Other receivable - - - - - - - - - -
10. Commitments and contingencies 1,329 - 10 65,985 146,032 1,049 - - 34,134 24,049 66,468
Page 8
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(In Millions of Rupiah)
September 30, 2025 September 30, 2024
CAPITAL COMPONENTS (Unaudited) (Reviewed)
INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED
I CORE CAPITAL (TIER 1) 30,634,917 31,742,918 29,079,844 29,079,844
1 Common Equity Tier 1 (CET 1) 30,634,917 31,742,918 29,079,844 29,079,844
1.1 Paid-in Capital (net of Treasury Stock) 7,017,222 7,017,222 7,017,222 7,017,222
1.2 Disclosed Reserves 27,251,497 27,251,497 24,645,093 24,645,093
1.2.1 Additional Factor 27,918,280 27,918,280 25,365,335 25,365,335
1.2.1.1 Other comprehensive income 3,642,936 3,642,936 3,565,773 3,565,773
1.2.1.1.1 Excess differences arising from translation of financial statement - - - -
1.2.1.1.2 Potential gain due to increases of fair value of financial asset through other comprehensive income - - - -
1.2.1.1.3 Surplus of fixed assets revaluation 3,642,936 3,642,936 3,565,773 3,565,773
1.2.1.2 Other disclosed reserves 24,275,344 24,275,344 21,799,562 21,799,562
1.2.1.2.1 Agio 4,418,900 4,418,900 4,418,900 4,418,900
1.2.1.2.2 General reserves 4,621,242 4,621,242 4,621,242 4,621,242
1.2.1.2.3 Previous year profit 12,932,522 12,932,522 10,677,027 10,677,027
1.2.1.2.4 Current year profit 2,302,680 2,302,680 2,082,393 2,082,393
1.2.1.2.5 Funds for paid-in capital - - - -
1.2.1.2.6 Others - - - -
1.2.2 Deduction Factor (666,783) (666,783) (720,242) (720,242)
1.2.2.1 Other comprehensive income (587,782) (587,782) (641,241) (641,241)
1.2.2.1.1 Negative differences arising from translation of financial statement - - - -
1.2.2.1.2 Potential losses due to decreases of fair value of financial asset through other comprehensive income (587,782) (587,782) (641,241) (641,241)
1.2.2.2 Other disclosed reserves (79,001) (79,001) (79,001) (79,001)
1.2.2.2.1 Disagio - - - -
1.2.2.2.2 Previous year loss - - - -
1.2.2.2.3 Current year loss - - - -
1.2.2.2.4 Negative difference in allowance for possible losses and allowance for impairment on earning assets - - - -
1.2.2.2.5 Negative difference in adjusment amounts from fair value of financial assets in trading book - - - -
1.2.2.2.6 Required allowance for non earning assets (79,001) (79,001) (79,001) (79,001)
1.2.2.2.7 Others - - - -
1.3 Non Controlling Interest - - - -
1.4 Deduction Factor of CET 1 (3,633,802) (2,525,801) (2,582,471) (2,582,471)
1.4.1 Deferred tax calculation (1,630,824) (1,630,824) (2,582,471) (2,582,471)
1.4.2 Goodwill - (529,536) - -
1.4.3 Other intangible assets (363,795) (365,412) - -
1.4.4 Investments in share (1,639,183) (29) - -
1.4.5 Shortfall of capital on insurance subsidiaries - - - -
1.4.6 Securitisation exposure - - - -
1.4.7 Other deduction of CET 1 - - - -
1.4.7.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank - - - -
1.4.7.2 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - - - -
1.4.7.3 Exposure that give rise to credit risk due the settlement (settlement risk) - Non Delivery Versus Payment - - - -
1.4.7.4 Exposures in subsidiaries that to business activity based on sharia principle - - - -
2 Additional Tier 1 (AT 1) - - - -
2.1 Instrument which comply with AT 1 requirements - - - -
2.2 Agio / Disagio - - - -
2.3 Deduction Factor of AT 1 - - - -
2.3.1 Placements of fund in instrument AT 1 and/or Tier 2 to other bank - - - -
2.3.2 Cross ownership in another entity acquired by the transition due to law, grants or grants will - - - -
II SUPPLEMENTAL CAPITAL (TIER 2) 2,316,538 2,323,230 2,836,485 2,836,485
1 Capital instrument in the form of stock or other which comply with Tier 2 requirements 325,000 325,000 1,000,262 1,000,262
2 Agio/Disagio - - - -
3 General provision on earning assets (max. 1.25% credit risk - weighted assets) 1,991,538 1,998,230 1,836,223 1,836,223
4 Deduction supplemental capital - - - -
4.1 Sinking Fund - - - -
4.2 Placement of funds in instrumen Tier 2 to other bank - - - -
4.3 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - - - -
TOTAL CORE AND SUPPLEMENTAL CAPITAL 32,951,455 34,066,148 31,916,329 31,916,329
September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
(Unaudited) (Reviewed) (Unaudited) (Reviewed)
INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED
RISK WEIGHTED ASSETS CAR RATIO
CREDIT RISK -WEIGHTED ASSETS 157,835,746 158,377,798 145,317,561 145,317,561 CET 1 Ratio (%) 16.73% 17.29% 17.04% 17.04%
MARKET RISK -WEIGHTED ASSETS 4,852,252 4,852,252 6,287,932 6,287,932 Tier 1 Ratio (%) 16.73% 17.29% 17.04% 17.04%
OPERATIONAL RISK - WEIGHTED ASSETS 20,388,527 20,388,527 19,055,594 19,055,594 Tier 2 Ratio (%) 1.27% 1.27% 1.66% 1.66%
TOTAL RISK WEIGHTED ASSETS 183,076,525 183,618,577 170,661,087 170,661,087 Capital Adequacy Ratio (%) 18.00% 18.55% 18.70% 18.70%
CAR BASED ON RISK PROFILE (%) 9.33% 9.33% 9.25% 9.25% CET 1 for Buffer (%) 8.67% 9.22% 9.45% 9.45%
CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)
From CET1 (%) 8.06% 8.06% 7.59% 7.59% Capital Conservation Buffer (%) 2.500% 2.500% 2.500% 2.500%
From AT1 (%) 0.00% 0.00% 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000% 0.000% 0.000%
From Tier 2 (%) 1.27% 1.27% 1.66% 1.66% Capital Surcharge for Systemic Bank (%) 1.000% 1.000% 1.000% 1.000%
Page 9
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(in Millions of Rupiah)
CONSOLIDATED
CASH FLOWS September 30, 2025 September 30, 2024
(Unaudited) (Reviewed)
CASH FLOWS FROM OPERATING ACTIVITIES
Interest, profit sharing, and margin 23,064,148 22,176,608
Recoveries from loan debts written-off 692,284 566,698
Interest and bonus, fees and commissions paid (14,063,812) (13,682,216)
Corporate income tax paid (391,125) (773,501)
Beban operasional lainnya - neto (5,750,688) (5,238,291)
Other non-operating income (expense) - net 225,255 (1,947)
Cash receipts before changes in operating assets and liabilities 3,776,062 3,047,351
Changes in operating assets and liabilities:
Decrease (increase) in operating assets:
Fair value through profit or loss
securities 3,800,554 (15,686,789)
Fair value through profit or loss
government bonds 51,380 193,617
Acceptance Receivable - (410,631)
Derivative Receivable - (22,636)
Loans and sharia financing/receivables (22,557,752) (24,803,142)
Other assets (3,065,229) (2,433,896)
Increase (decrease) in operating liabilities:
Current liabilities 530,798 119,128
Deposits from customer
Demand deposits (5,317,245) 852,782
Wadiah demand deposits 3,572,193 3,894,854
Savings deposits (3,697,551) (4,706,524)
Savings deposits Wadiah 143,192 199,314
Time deposits 49,955,732 18,965,834
Deposits from other banks 11,990 137,964
Acceptance liabilities - 410,631
Other liabilities 627,517 (457,703)
Temporary syirkah funds 3,562,184 1,803,476
Net Cash provided (used in) by Operating Activities 31,393,825 (18,896,370)
CASH FLOWS FROM INVESTING ACTIVITIES
Receipt (purchase) of amortized cost securities 240,321 326,662
Acquisition of fixed assets (1,082,350) (543,839)
Sale of fixed assets 1,155 3,045
Receipt (purchase) of amortized cost government bonds 1,427,498 2,286,468
Receipt (purchase) in fair value through other comprehensive income securities (303,837) 75,508
(Purchase) receipt in fair value through other comprehensive income government bonds (6,159,534) (1,300,516)
Receipt of securities purchased under agreement to resell - 15,426,611
Placement of securities purchased under agreement to resell - (15,677,134)
Acquisition of Subsidiary with Cash (1,540,067) -
Net Cash used in Investing Activities (7,416,814) 596,805
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of matured securities issued (1,715,234) (2,642,500)
Proceeds of securities issued - 516,709
Payments of dividends (751,833) (700,198)
Receipt from fund borrowings 750,208 3,391,935
Payment from fund borrowings (760,557) (8,171,902)
Proceeds from securities sold under repurchase agreements 28,767,866 933,527
Payments of matured securities sold under repurchase agreements (31,836,205) -
Payment of lease liabilities (86,121) (70,673)
Payment of subordinated borrowings (4,828,500) (77,100)
Net Cash Provided by (used in) Financing Activities (10,460,376) (6,820,202)
Page 10
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(in Millions of Rupiah)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,516,635 (25,119,767)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,458,390 53,037,770
CASH AND CASH EQUIVALENTS AT END OF PERIOD 48,975,025 27,918,003
The details of cash and cash equivalents at end of period are as follows:
Cash 1,595,960 1,504,426
Current accounts with Bank Indonesia 35,366,708 11,125,896
Current accounts with other banks 4,084,685 2,048,082
Placements with Bank Indonesia and other banks - maturing within
three months or less since the acquisition date 7,927,672 13,239,599
TOTAL OF CASH AND CASH EQUIVALENTS 48,975,025 27,918,003
Page 11
CALCULATION OF FINANCIAL RATIOS
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2025 and 2024
(in %)
INDIVIDUAL
RATIOS September 30, 2025 September 30, 2024
(Unaudited) (Reviewed)
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 18.00% 18.70%
2. Non performing earning assets and non earning assets to total earning assets and
non earning assets 2.88% 2.72%
3. Non performing earning assets to total earning assets 2.87% 2.70%
4. Allowance for impairment on financial assets to earning assets 3.25% 3.50%
5. NPL gross 3.45% 3.24%
6. NPL net 2.00% 1.57%
7. Return on Asset (ROA) 0.80% 0.77%
8. Return on Equity (ROE) 10.46% 10.07%
9. Net Interest Margin (NIM) 3.93% 2.92%
10. Operating Expenses to Operating Income 90.23% 89.43%
11. Cost to Income Ratio (CIR) 47.76% 59.86%
12. Loan to Deposit Ratio (LDR) 88.63% 96.04%
COMPLIANCE
1. a. Percentage violation of Legal Lending Limit
i. Related parties 0.00% 0.00%
ii. Non - Related parties 0.00% 0.00%
b. Percentage of excess of the Legal Lending Limit
i. Related parties 0.00% 0.00%
ii. Non - Related parties 0.00% 0.00%
2. Reserve requirement
a. Primary reserve requirement Rupiah
1.) Conventional
- Daily 9.88% 0.27%
- Average 4.30% 5.00%
2.) Syariah 2.72% 5.84%
b. Reserve requirement Foreign currencies (Daily) 7.74% 4.64%
3. Net Open Position - Overall 4.32% 1.97%
Page 12
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2025
(Unaudited)
(In Millions of Rupiah)
INDIVIDUAL
NO TRANSACTION
Type Derivative Receivables & Payables
Notional Amount
Trading Hedging Tagihan Liabilitas
A. Exchange Rate Related
1. Spot - - - - -
2. Forward - - - - -
3. Option - - - - -
a. Written - - - - -
b. Purchased
4. Future - - - - -
5. Swap - - - - -
6. Others - - - - -
B. Interest Rate Related
1. Forward - - - - -
2. Option
a. Written - - - - -
b. Purchased - - - - -
3. Future - - - - -
4. Swap - - - - -
5. Others - - - - -
C. Others
TOTAL - - - - -
Page 13
PRIME LENDING RATE
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2025
(% per annum)
Prime Lending Rate
Business Segment
Description
Non MSME Loan MSME Loan
Mortgage Non Mortgage
Corporate Retail Medium Small Micro
Prime Lending Rate 8.76% 8.90% 9.90% 10.48% 13.75% 8.04% 10.80%
Page 14
Catatan :
1) The interim Consolidated Financial Statements information above is taken from the consolidated financial statements of PT
Bank Tabungan Negara (Persero) Tbk and its subsidiaries as of September 30, 2025 (unaudited) and 2024 (reviewed) and
the financial statements ended December 31, 2024 (audited), prepared by the Bank's management in accordance with
Indonesian Financial Accounting Standards, which have been reviewed and audited by Purwantono, Sungkoro & Surja
Accounting Firm (“PSS”), a member firm of Ernst & Young Global Limited, an independent auditor with partner in charge
Christophorus Alvin Kossim in accordance with Auditing Standards established by the Indonesian Institute of Certified
Public Accountants, with an unmodified audit opinion, as stated in its reports dated October 24, 2025, November 29, 2024,
and February 12, 2025 which are not included in this publication. Because the financial information above is taken from the
financial statements, therefore the information is not a complete presentation of the financial statements.
2) The above published Financial Statements are presented to comply with:
a) Financial Services Authority Regulation (POJK) Number 37/POJK.03/2019 Dated December 19, 2019 regarding
“Transparency and Published Financial Statements of The Banks”
b) Circular Letter of Financial Services Authority (SEOJK) Number 9/SEOJK.03/2020 Dated June 30, 2020 regarding
“Transparency and Published Financial Statements of The Commercial Banks”.
c) Financial Services Authority Regulation (POJK) Number 27/POJK.03/2022 Dated December 26, 2022 on Second
Amendments of POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks” and
Financial Services Authority Regulation (POJK) Number 34/POJK.03/2016 Dated September 22, 2016 on
Amendments of POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks”.
d) Financial Services Authority Regulation (POJK) Number 14/POJK.04/2022 Dated August 18, 2022 regarding
“Submission of Periodic Financial Statements for Issuers or Public Companies”
e) Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Regulation Number VIII.G.7, Decision of
Chairman of Bapepam-LK Number KEP-347/BL/2012 Dated June 25, 2012 regarding “Presentation and Disclosure of
Periodic Financial Statements for Issuers or Public Companies”.
f) Circular Letter of Financial Services Authority Number S-2/PB.11/2020 dated January 20, 2020 regarding Changes to
Published Financial Statements
3) Related Parties in the Statements of Assets' Quality and Other Information are presented in accordance with Bank
Indonesia Regulation Number 7/3/PBI/2005 dated January 20, 2005 regarding the Amendment of Financial Services
Authority Regulation Number 38/POJK.03/2019 dated December 19, 2019 regarding the Amendment of Financial Services
Authority Regulation Number 32/POJK.03/2018 regarding The Legal Lending Limit and Provisions of Large Fund for
Commercial Banks.
4) Exchange rate of 1 US Dollar as at September 30, 2025, Desember 31, 2024 dan September 30, 2024 were Rp.
16.665,00 , Rp. 16.095,00 dan Rp. 15.140,00 respectively.
5) Basic earnings per share is computed by dividing income for the year available to shareholders of ordinary shares (residual
income) by the weighted average number of ordinary shares outstanding during the current year.
Page 15
Management of The Bank
Board of Commissioner
President Commissioner : Suryo Utomo *
Vice President Commissioner : Dwi Ary Purnomo *
Independent Commissioner : Panangian Simanungkalit **
Independent Commissioner : Pietra Machreza Paloh **
Independent Commissioner : Ida Nuryanti ***
Commissioner : Fahri Hamzah ****
Board of Directors
President Director : Nixon L.P. Napitupulu
Vice President Director : Oni Febriarto Rahardjo
Director of Risk Management : Setiyo Wibowo
Director of Consumer Banking : Hirwandi Gafar
Director of Finance & Strategy : Nofry Rony Poetra
Director of Human Capital & Compliance : Eko Waluyo
Director of Network & Retail Funding : Rully Setiawan *****
Director of Operations : I Nyoman Sugiri Yasa *****
Director of Commercial Banking : Hermita *****
Director of Treasury & International Banking : Venda Yuniarti ******
Director of Information Technology : Tan Jacky Chen ******
Director of Corporate Banking : Helmy Afrisa Nugroho *******
Sharia Supervisory Board
Chairman : M. Quraish Shihab
Member : Mohammad Bagus Teguh Perwira
Member : Muhammad Faiz
Shareholder
Ultimate Shareholder
- Republic of Indonesia : 0.00%
Non Ultimate Shareholder through Capital Market (≥ 5%) : Nihil
Non Ultimate Shareholder through non Capital Market (≥ 5%)
- PT Danantara Asset Management (Persero) : 60.00%
* Appointed as a member of the Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and has been effective in office based on OJK Letter No.
SR-210/PB.02/2025 dated June 26, 2025.
** Appointed as a member of the Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and has been effective in office based on OJK Letter No.
SR-323/PB.02/2025 dated August 15, 2025.
*** Appointed as a member of the Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and has been effective in office based on OJK Letter No.
SR-420/PB.02/2025 dated October 9, 2025.
**** Appointed as a member of the Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and shall become effective upon obtaining approval from
the Financial Services Authority (OJK) on the Fit and Proper Test assessment and compliance with the prevailing laws and regulations.
***** Appointed as a member of the Board of Directors of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and has been effective in office based on OJK Letter No.
SR-279/PB.02/2025 dated July 25, 2025.
****** Appointed as a member of the Board of Directors of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and has been effective in office based on OJK Letter No.
SR-357/PB.02/2025 dated September 1, 2025.
******* Appointed as a member of the Board of Directors of PT Bank Tabungan Negara (Persero) Tbk pursuant to the resolution of the
Company’s Annual General Meeting of Shareholders dated March 26, 2025, and shall become effective upon obtaining approval from
the Financial Services Authority (OJK) on the Fit and Proper Test assessment and compliance with the prevailing laws and regulations.
Jakarta, October 24, 2025
S.E. & O
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Board of Director
Nixon L.P. Napitupulu Nofry Rony Poetra
Direktur Utama Direktur Finance & Strategy
Page 16
STATEMENT OF FINANCIAL POSITION
Sharia Business Unit PT Bank Tabungan Negara Tbk
As of September 30, 2025 and December 31, 2024
(In Millions of Rupiah)
September 30, 2025 December 31, 2024
NO DESCRIPTION
(Unaudited) (Audited)
ASET
1 Cash 104,525 117,279
2 Placement with Bank Indonesia 5,649,575 4,530,152
3 Placement with Other Bank 201 201
4 Investments in Marketable Securities 11,175,042 10,436,953
5 Receivable Financing 43,726,513 37,852,489
6 Revenue Sharing Financing 7,363,442 6,030,813
7 Ijarah Receivable 16,145 9,525
8 Other Productive Assets - -
9 Allowance for Impairment on Finansial Assets (1,333,577) (1,329,256)
10 Premisses and Equipment 85,863 40,574
11 Non Productive Assets - -
12 Other Assets 1,580,034 2,872,227
TOTAL ASET 68,367,763 60,560,957
LIABILITAS
1 Wadiah Deposits
a. Current Accounts 22,454,951 18,882,766
b. Saving Accounts 1,665,124 1,521,932
2 Temporary Syirkah Fund
a. Current Accounts 1,910,946 941,925
b. Saving Accounts 7,086,575 6,287,780
c. Time Deposits 23,785,419 21,987,804
3 Liabilities to Bank Indonesia - -
4 Liabilities to Other Bank 27,752 31,244
5 Securities Issued 354,489 377,269
6 Other Liabilities 6,004,454 5,193,194
7 Profit Sharing Deposits - -
8 Business Fund 4,463,423 4,468,824
9 Retained Earning
a. Other Comprehensive Income 18,147 (8,978)
b. Previous Year 4,794 4,794
c. Current Year 591,689 872,403
TOTAL LIABILITAS 68,367,763 60,560,957
Page 17
STATEMENT OF INCOME AND OTHER COMPREHENSIVE
Sharia Business Unit PT Bank Tabungan Negara Tbk
For the Period Ended September 30, 2025 and 2024
(In Millions of Rupiah)
September 30, 2025 September 30, 2024
NO DESCRIPTION
(Unaudited) (Reviewed)
OPERATING INCOME AND EXPENSES
A. Operating Income and Expenses
1. Revenue from Fund Management as Mudharib
a. Income from Receipable Financing 2,317,677 2,170,443
b. Income from Revenue Sharing Financing 383,610 267,838
c. Income from Revenue from Ijarah 789 192
d. Other Main Operating Income 594,886 595,444
2. Third Parties Share on Returns of Temporary Syirkah Funds (1,490,356) (1,354,646)
a. Non Profit Sharing (1,490,356) (1,354,646)
b. Profit Sharing - -
3. Revenue after Sharing Distribustion 1,806,606 1,679,271
B. Other Operating Income and Expenses
1 Gain (Loss) from foreign Currencies Transaction - -
2 Income Bank as Mudharib from Revenue Sharing - -
3 Comissions / Provisions / Fees and Administrative 101,432 78,532
4 Other Income - -
5 Bonus on Wadiah Demand Deposite (209,810) (102,684)
6 Impairment for Financial Assets (364,054) (257,736)
7 Losses Related to Financial Assets - -
8 Impairment for Other Financial Assets 28,000 14,451
9 Salaries and Employee Benefits (352,540) (274,679)
10 Other Expense (417,809) (591,281)
Other Operating Income (Expenses) (1,214,781) (1,133,397)
PROFIT AND LOSS FROM OPERATIONS 591,825 545,874
NON OPERATING INCOME AND EXPENSES
1. Gain (Loss) for Sales of Premises and Equipment - -
2. Other Non Operating Income (Expenses) (136) 95
PROFIT AND LOSS FROM NON OPERATIONS (136) 95
PROFIT AND LOSS CURRENT PERIOD BEFORE TAX 591,689 545,969
Income Tax Expenses - -
PROFIT AND (LOSS) CURRENT PERIOD 591,689 545,969
OTHER COMPREHENSIVE INCOME
1 Unreclasiffied to Profit (Loss) - -
2 Reclasiffied to Profit (Loss) 27,125 13,656
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX 27,125 13,656
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 618,814 559,625
Page 18
STATEMENT OF COMMITMENTS AND CONTIGENCIES
Sharia Business Unit PT Bank Tabungan Negara Tbk
As of September 30, 2025 and December 31, 2024
(In Millions of Rupiah)
September 30, 2025 December 31, 2024
NO DESCRIPTION
(Unaudited) (Audited)
1. COMMITMENT RECEIVABLES
1. Unused Fund Borrowing/Financing Fasilities - -
2. Outstanding Purchase Position on Spot and Derivative/forward - -
3. Others - -
2. COMMITMENT PAYABLES
1. Unused Loan Fasilities Granted to Customer 1,503,913 1,404,788
2. Outstanding Sales Position on Spot and Derivative/forward - -
3. Others - -
3. CONTIGENT RECEIVABLE
1. Guarantees Received - -
2. Income in Progress - -
3. Others 3,932,763 3,449,747
4. CONTIGENT PAYABLES
1. Guarantees Issued 138 166
2. Others - -
Page 19
REVENUE SHARING DISTRIBUTION
Sharia Business Unit PT Bank Tabungan Negara (Persero) Tbk
PERIOD September 30, 2025
in million Rp
Net Revenue Sharing
SHARE OF SHAHIBUL MAAL
COLLECTIVE TYPE AVERAGE INCOME THAT BONUS AND
NO.
BALANCE MUST BE DIVIDED RASIO REVENUE INDIKASI EQV.
SHARING
I Liabilities to Other Bank - - - - -
II Mudharabah Current Deposits
a. Bank - - - - -
b. Non Bank 1,682,610 11,974 10.63% 1,273 0.91%
III Mudharabah Saving Deposits
a. Bank 24,278 173 33.39% 58 2.85%
b. Non Bank 7,831,903 55,733 30.27% 16,869 2.58%
IV Mudharabah Time Deposits
a. Bank
1 Month - - - - -
3 Month - - - - -
6 Month 10 - 29.50% - 2.52%
12 Month - - - - -
b. Non Bank
1 Month 3,371,348 23,991 29.46% 7,065 2.51%
3 Month 9,539,275 67,884 29.50% 20,026 2.52%
6 Month 2,814,752 20,030 29.50% 5,909 2.52%
12 Month 97,355 693 29.50% 204 2.52%
V Fund Borrowings 4,911,806 145,076 12.56% 18,215 4.45%
TOTAL 30,273,337 325,554 69,619
NO. TYPE OF DISBURSEMENT AVERAGE BALANCE INCOME RECEIVED
I Placement with Other Bank 201 1
II Murabahah Receivable
a. Bank - -
b. Non Bank 8,976,157 167,016
III Istishna Receivable
a. Bank - -
b. Non Bank 702,469 41,613
IV Multi-Service Receivable
a. Bank - -
b. Non Bank 25,132 172
V Rahn Financing
a. Bank - -
b. Non Bank - -
VI Mudharabah Financing
a. Bank - -
b. Non Bank 133,015 -
VII Musyarakah Financing
a. Bank - -
b. Non Bank 6,872,325 44,855
VIII Ijarah Receivable
a. Bank - -
b. Non Bank 16,276 323
IX Other Financing
a. Bank - -
b. Non Bank - -
TOTAL 16,725,575 253,980
Page 20
Financial Ratios
Sharia Business Unit PT Bank Tabungan Negara Tbk
For the Period Ended September 30, 2025 and 2024
September 30, 2025 September 30, 2024
NO ratio
(Unaudited) (Reviewed)
1 Total Assets Sharia Unit to Total Assets Consolidation 13.38% 12.68%
2. Non Performing Productive Assets to Total Productive Assets 2.32% 2.29%
3. Allowance for Impairment on Productive Assets to Total Productive Assets 2.14% 2.85%
4. Gross NPF 2.83% 2.79%
5. Nett NPF 0.75% 0.22%
6. Return On Assets (ROA) 1.23% 1.30%
7. Financing Revenue Sharing to Total Financing 14.41% 12.57%
8 Financing to Deposit Ratio (FDR) 89.81% 89.56%
Page 21
Catatan :
Circular Letter of Financial Services Authority (SEOJK) Number 10/SEOJK.03/2020 regarding
“Transparency and Published Financial Statements of The Sharia Commercial Bank and Sharia Unit.
Jakarta, October 24, 2025
PT Bank Tabungan Negara (Persero) Tbk
Sharia Business Unit
M. Quraish Shihab Hirwandi Gafar
Sharia Supervisory Board Director of Consumer Banking
Names mentioned 24 people and organisations named in the text · linked when the evidence is strong
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Bank Indonesia
p.1 ×8
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Young Global Limited
p.14
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Financial Services Authority
p.14 ×11
unresolved
org
Bapepam-LK
p.14 ×4
unresolved
org
Bank Indonesia Regulation
p.14
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