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9M25 Results Presentation PT Bank Tabungan Negara (Persero) Tbk Jakarta, 23 October 2025
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IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this
presentation
This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation,
you are deemed to have acknowledged and agreed to the provisions appearing hereinafter. The existence of this presentation and the contents thereof should
not be disclosed, reproduced, copied or otherwise disseminated to any other person or published, in whole or in part, without prior consent of PT Bank Tabungan
Negara (Persero) Tbk. (“BTN” or the “Company”).
This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and
neither this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any
decision to purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the
Company in connection with any such offering.
Information and opinions contained in this presentation are provided for reference of the recipients only and are not to be relied upon as authoritative or
without the recipient’s own independent verification or taken in substitution for the exercise of the recipient’s own judgment. Any reference to past performance
should not be taken as an indication of future performance. In furnishing the presentation, the Company has not undertaken to provide the recipient(s) with
access to any additional information or updates. None of the Company warrant or guarantee whatsoever that this presentation will lead to the successful
completion, or consummation, of any transactions whether or not under contemplation.
Accordingly the Company disclaims any liability whatsoever in connection therewith and with any decisions that might be taken upon the basis of this
presentation, directly or indirectly. In particular, the Company owe no duty to the recipient (except as required by applicable laws) to exercise any judgment on
its behalf as to the merits or suitability of any transaction. The recipient agrees that the merits or suitability of any such transaction to its particular situation will
be independently determined by the recipient including consideration of the legal, tax, accounting, regulatory, financial and other related aspects there of.
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Material Presentation Annual Report Sustainability Report
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Macroeconomics & Management Highlights 05 2025 Strengthening Engine for Sustainable Funding 12 Digital Initiatives 19 BTN Financial Highlight 27 Asset Quality 42 ESG Update 48 Sharia Business 58 Appendix 64
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Macroeconomics & Management Highlights
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Macroeconomic Highlight
A lower interest rate environment should propel the pick-up in economic activities
Central Banks Shift towards Monetary Easing through Rate Cuts… …Rising Inflationary Pressures Emerge in Several Countries
5.5
4.8 2.7
1.5
1.3
2.8
0.5
1.5 -0.3
1.4
1.2 -0.7
Sep-25
Sep-25
Sep-24
Sep-24
Jun-24
Jun-25
Jul-25
Aug-25
Jun-24
Jun-25
Jul-25
Aug-25
Dec-23
Dec-24
Dec-23
Dec-24
Mar-25
Mar-25
Mar-24
Mar-24
China India Indonesia Thailand Malaysia Singapore China India Indonesia Thailand Malaysia Singapore
Key Takeaways
❑ As of September 2025, lower interest rate have spilled over across all countries, reflecting a monetary easing cycle.
❑ Bank Indonesia lowered its policy rate by 125bps ytd to 4.75% as of Sep-25, while Malaysia only cut its benchmark rate by 25bps to 2.75% ytd.
❑ Indonesia recorded an uptick in inflation of 2.65% yoy, while Thailand posted the deflation of 0.7% yoy as of Sep-25.
❑ Inflation remains manageable across Asia countries, with rising inflation should signals a pickup in economic activity.
Source: CEIC
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Banking Sector Highlight
Deposit growth accelerated faster than loan growth
Deposit growth surpassed loan growth
…supported by CASA growth Loan to deposit ratio trend softens Moderate growth on Mortgage
Indicating liquidity improvement…
(% yoy) (% yoy) (%) (% yoy)
M2 CASA Total Deposits Mortgage Working Capital
Loan Growth Deposit Growth
Investment Consumer
16 94.7
14.6 21.7 93.7
13.0
14
93.5
12 11.4
14.6
10
7.7
7.6 14.0
8 6.9 9.0
7.6 7.1
6 7.0 82.0 3.0
7.6
4 4.9
2
Jan-25
Sep-24
Feb-25
Mar-24
Apr-25
Jun-25
Jul-25
Jun-24
Aug-25
Dec-21
Dec-22
Dec-23
Dec-24
Mar-25
May-25
Sep-24
Jun-25
Jul-25
Jun-24
Aug-25
Dec-22
Dec-23
Dec-24
Sep-24
Feb-25
May-25
Dec-21
Jun-24
Aug-25
Dec-23
Mar-25
Jan-25
Apr-25
Jun-25
Jul-25
Mar-24
Dec-21
Dec-22
Mar-24
Dec-24
Mar-25
Sep-24
Jun-25
Jul-25
Dec-21
Jun-24
Aug-25
Dec-22
Dec-23
Dec-24
Mar-25
Mar-24
Key Takeaways
❑ Deposit growth outpaced loan growth, reaching 7.6% yoy in August 2025, compared to loan growth at 7.0% yoy.
❑ As a result, loan to deposit ratio slightly fall to 93.5% in August 2025.
❑ Money supply (M2) and total deposits recorded an uptick to 7.6% in August 2025, supported by CASA growth which surged to 9.0% in August 2025
(vs 7.4% in June 2025).
❑ In August 2025, loan growth rebounded across all segments. Yet, consumer loan softened at 7.7% yoy growth reflecting subdued purchasing
power.
Source: Central Bank of Indonesia (SEKI)
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Liquidity Highlight
SRBI rate reached its lowest point, suggesting potential decline in cost of funds.
SRBI Rate fell to its lowest point in Sep-25, since its first inception SRBI recorded at its lowest level New Awarded vs maturity
(%) Weighted Average SRBI BI Rate
(IDR Tn) (IDR Tn)
Awarded Matured
924
8.0
7.2 894 893 891 85.0 95.0
7.5 7.3 882 81.0 70.5
867 55.3 48.3
7.0 6.7 36.0 28.0 31.0
6.5
6.0
783
6.25
5.5 741 -36.6 -30.3-40.3
5.75 4.8 716 709
-57.4
5.0 -80.5
-95.4
4.5 4.75 -114.6
-137.2
Sep-23
Feb-24
Sep-24
Feb-25
Apr-25
Apr-24
Jun-24
Jul-24
Mar-25
Aug-25
Sep-25
Aug-24
Oct-23
Jan-25
Jun-25
Jul-25
Jan-24
Oct-24
Nov-24
Nov-23
Dec-23
Mar-24
May-24
Dec-24
May-25
-154.9
Sep-25
Feb-25
Mar-25
Apr-25
Aug-25
Jan-25
Jun-25
Jul-25
Dec-24
May-25
Feb-25
Sep-25
Apr-25
Jun-25
Jul-25
Aug-25
Jan-25
Mar-25
May-25
IDR Govt 10 years vs USD Treasury 10 years spread dropped
Key Takeaways
(%) (bps)
7.5 7.2 7.2 330 ❑ SRBI Rate reached its lowest point at 4.8% since its inception in Sep-23.
6.9
6.4 6.4 300 ❑ Bank Indonesia cut the reference rate by 125 bps ytd to 4.75% in Sep-25
6.5 (vs 6.00% in Sep-24).
270
❑ Outstanding SRBI declined to IDR 709 Tn as of Sep-25, releasing ~IDR 215
5.5 240
4.7 4.8 Tn ytd liquidity back to the system.
4.5 210
4.5 4.1 ❑ Combining above factors, should lead to a potential lower cost of fund
3.7 180 going forward.
3.5 150
Sep-24
Feb-24
Feb-25
Sep-25
Sep-23
Apr-24
Jul-24
Apr-25
Jun-25
Jul-25
Jun-24
Aug-24
Aug-25
Oct-23
Jan-24
Jan-25
Nov-23
Oct-24
Dec-23
Nov-24
Mar-24
May-24
Dec-24
Mar-25
May-25
Source: Bank Indonesia, OJK, processed.
Spread IDR - SD (RHS) IDRG10Y (LHS) USDT10Y (LHS) 88
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BTN House Price Index (BTN HPI) as of September 2025
National House Price Index HPI Type 36
BTN HPI 36 QoQ YoY
BTN HPI National QoQ YoY
12 235.83 250 12 300
235.8 260.82
260.8
183.0 10 10.0 250
10 9.7 200
8.7 8 199.9 8.4 200
8 7.4 7.6
6.8 150
6.4 6
6 5.4 5.5 5.1 150
4.9 4.6 4.9 100
4 4 100
3.4 3.3
3.0 2.8 50
2 2 1.8 1.8 1.8 50
1.8 1.7 1.5 1.1
1.0 0.6 0
0 0 0.2 0
Dec-22
Jun-24
Dec-21
Dec-23
Dec-24
Jun-22
Jun-23
Jun-25
Sep-21
Mar-23
Sep-23
Mar-25
Sep-25
Mar-22
Sep-22
Mar-24
Sep-24
Jun-22
Dec-22
Dec-21
Jun-23
Dec-23
Dec-24
Jun-24
Jun-25
Mar-22
Sep-22
Mar-23
Sep-23
Sep-21
Mar-24
Sep-24
Mar-25
Sep-25
sept di highlight
Juni dec
HPI Type 45 BTN HPI 45 QoQ YoY HPI Type 70 BTN HPI 70 QoQ YoY
250 250
13 210.49 13 213.98
214.0
210.5 12.6
200 200
10166.4 10.0 10 166.3
8.6 150
7 150 7 6.6
6.6
4.6 100 5.2 4.6 4.8 100
4 4.4 4
3.4 2.3 3.3 2.6
1.8 2.2 1.3 0.9 50
1.4 1 1.0
1 0.9 1.0 1.6 50 0.7
-2 0 -2 0
Dec-21
Dec-23
Jun-22
Dec-22
Jun-24
Dec-24
Jun-25
Sep-21
Jun-23
Mar-25
Mar-22
Sep-22
Mar-24
Sep-24
Sep-25
Mar-23
Sep-23
Mar-23
Sep-23
Dec-23
Dec-21
Jun-22
Dec-22
Jun-24
Dec-24
Jun-25
Sep-22
Jun-23
Sep-21
Mar-22
Mar-24
Sep-24
Mar-25
Sep-25
Source: BTN HPI Q3 25
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Recent Regulatory Changes with Potential Impact on Banks
Boosting Liquidity through IDR 200 Tn Fund Placement on Banks New Policy on KUR Housing Program (SE No. 01/2025)
▪ The Ministry of Finance issued a new policy KMK No. 276/2025 to circulate IDR 200 Tn
Scheme Supply Side Demand Side
government funds (SAL) at Bank Indonesia into SOE Banks, namely BBRI, BBNI, BMRI,
BBTN, and BRIS. Loan Limit IDR 500 Mn - IDR 5 Bn IDR 10 - 500 Mn
▪ From such amount, BBTN secure Rp 25 Tn, while BBRI, BMRI, and BBNI obtains Rp 55 Working Capital Loan: Max 4 Years Investment Loan: Depends on Agreement
Tenor
Tn, and Rp 10 Tn for BRIS. The objective is to provide more liquidity in the banking Investment Loan: Max 5 Years between Banks and Customers
system that will stimulate the economy. MSMEs
▪ The Ministry imposed strict conditions that Banks are not permitted to place the ▪ Developers: build, renovate, and
funds into government securities (SBN). purchase houses for sale
Applicant ▪ Construction Services: Consultant or MSMEs
▪ The allocated fund placed in Deposit on Call instrument (conventional or sharia
Constructor
schemes) with a tenor of 6 months (extendable) and a return rate of 80.476% x BI ▪ Building Material Suppliers:
Rate. wholesaler and retailer
▪ The Banks are required to manage and report the use of these funds monthly to the Purchasing, building, or renovating
Ministry of Finance through the Director General of Treasury. houses that serves as:
1. Land acquisition • Business & residence (home office)
▪ Additionally, the flow of funds will be closely monitored by Government Internal
Purpose 2. Purchase building materials • Storage warehouse for business &
Auditors (BPK).
3. Procurement of goods and services residence
• Online or Offline businesses &
residence
Banking Fund Placement of the Total Deposits (As of Aug-25)
Loan Withdrawal IDR 5 Bn/cycle, up to 4 cycles IDR 10 Mn to IDR 500 Mn, one cycle
(IDR Tn) (%) Borrowers pay the difference between
Interest Rate bank’s commercial interest rate and the Borrowers pay 6%
1,600 1,435 1,471 6.3 6.2 7.0 subsidy rate
1,400 6.5 • 10% (plafond: IDR 10 – 100 Mn)
6.0 Subsidy Rate 5% for 4 – 5 years (depend on loan type) • 5.5% (plafond: IDR 100 – 500 Mn)
1,200
5.5 • Max 5 years subsidy rate
1,000 869 5.0 ▪ Proof of Tax Identification Number – NPWP & Business Registration Number –
800 4.5 NIB – business running min. 6 months
600 4.0 ▪ Non existing KUR borrowers or other government loan programs
401 330 3.5 ▪ May already obtain commercial loan under current category (collectability 1)
400 3.8 Eligibility
3.7 3.0 ▪ Financial Information Service System (SLIK), business feasibility, and background
200 2.5
3.0 check
- 2.0 ▪ Capital: max IDR 10 Bn & Annual Revenue: max IDR 50 Bn
BMRI BBRI BBNI BBTN BRIS ▪ Registered in KUR Database – SIKP
Total Deposits (LHS) Fund Placement/Total Deposits (RHS) Source: Ministry of Finance, Ministry of Housing and Residential Area Policy,
Banking Financial Reports 10
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Recent on Bank Indonesia’s Newest Macroprudential Incentive Changes
The newest Macroprudential Liquidity Incentive will take effect on 1 December 2025
Incentives for Loan Disbursement Targeted Toward Key Priority sectors Incentives for New Loan Interest Rate Return Adjustment in Line with BI’s Policy
Loan Growth Portion of Total Loan Mix (%) Incentives are provided to banks based on the speed of adjustment in new loan interest
Tier ≤10% ≥10% rates or financing returns relative to the Bank Indonesia (BI) policy rate adjustment. This
Incentives for the aims to accelerate the transmission of monetary policy through faster reductions in
≤0% 0 bps 130 bps
Agriculture, Industry and banking interest rates.
>0-3% 130 bps 140 bps
Downstreaming Sectors
>3-7% 140 bps 150 bps Incentive Details
>7% 150 bps 150+bps
Elasticity of New Loan Interest Rate Return (%)
Incentive
Against BI Rate
Loan Growth Portion of Total Loan Mix (%)
Tier ≤2% ≥2% < 0.3 0 bps
Incentives for the Service
Sector, Including the ≤0% 0 bps 40 bps
≥ 0.3 - < 0.6 40 bps
Creative Economy >0-6% 40 bps 50 bps
>6-12% 50 bps 60 bps ≥ 0.6 50 bps
>12% 60 bps 60+bps
BTN’s Reserve Requirement Ratio (RRR) Trend (%)
Loan Growth Portion of Total Loan Mix (%)
Tier ≤2% ≥2% 10.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0
Incentives for the
Construction, Real Estate ≤0% 0 bps 120 bps
and Housing >0-3% 120 bps 130 bps 8.0 8.1
>3-7% 130 bps 140 bps
5.5
>7% 140 bps 140+bps 6.0
5.5 3.5 3.5 5.8 5.5
Loan Growth Portion of Total Loan Mix (%) 4.0 5.0 5.0 5.0 5.0
Incentives for the MSME, Tier ≤10% ≥10% 4.0
3.5 3.5
Cooperative, Inclusive and 2.0
≤0% 0 bps 140 bps
Sustainable >0-4% 140 bps 150 bps
0.0
>4% 150 bps 150+ bps Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25
Note +: a +30 bps additional incentive applies to banks with both higher loan growth Incentive RRR Effective RRR BTN
and large loan shares relative to upper threshold Source : Bank Indonesia
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BTN’s 2025 Guidance
9M25 Guidance
Loan Growth 7.0% 7 – 9%
Deposits Growth 16.0%* 8 – 10%
Cost of Credit 1.6% >1.5%
NPL Gross 3.4% <3.1%
* 9.2% if exclude IDR25 Tn of Gov't fund placement
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2025 : Strengthening Engine for Sustainable Funding
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Embarking on a New Journey With A Sharpened Vision
Built on a strong foundation as one of Indonesia’s top consumer bank, ready to go beyond
Vision
BTN unveils its 2025 Aspiration – Putting consumers first by providing
comprehensive financial solutions for Indonesian Families
“To be the Leading Partner in Empowering
the Financials of Indonesian Families”
... by building on a Strong Foundation to Strengthen Its Position as One
of Indonesia’s Leading Consumer Banks and To Go Beyond in 2025
Beyond mortgages by Driving segment
providing expansion though new
comprehensive banking business growth, with a
solutions through focus on enhancing services,
streamlined processes and customer experiences, and
innovative products. transactions.
Building a Sustainable Unlocking Potential
Funding Engine by through Seamless
growing low-cost Transactions
transactional CASA.
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BTN’s 9M25 Journey: Strengthening Engine for Sustainable Funding
Continuously transforming to be a game-changer, delivering exceptional service in a disruptive era.
Developing a Full-Fledged Retail Expanding through Housing KUR of
Unlocking Potential through Seamless Transactions
Products Across Segment IDR 9.5 Tn Potential Disbursement
Supply Side Demand Side Since its grand launching in Feb-25, balé by BTN app has been growing at a decent pace
while strengthening its market presence.
28%
High Net Worth Developer Buy Houses of new customer
Individuals acquisitions are
IDR 3.5 Tn IDR 0.8 Tn 3.2 Mn (10% on
generated through
online onboarding
Affluent Construction User Acquisition 2024) (OLOB) channels.
Build Houses
Services
Emerging
IDR 3.2 Tn IDR 0.7 Tn IDR 71.9 Tn Lifestyle Feature Development
Affluent Value of Transaction
Building Renovate
Upper
Mass
Material Supp. Houses
1.5 Bn
IDR 0.8 Tn IDR 0.5 Tn Amount of Transaction
Optimizing Loan Processing & Developing Partnership & In-organic
Redesigning Branches with Customer-centric Orientation
Strengthening Collections Growth to Optimize Business
Salesforce transformation to drive Revamping and sharpening network
cross-product and solution-based sales organization
▪ Area Head serves as a business partner
Product Centric Generalist to branch offices within the assigned
area.
▪ Responsible for setting and breaking
lending/funding sales A generalist sales- down business targets for branches
teams only focus on force that serves all under supervision.
selling products within customer needs,
Loan processing optimization is being ❑ Serving as a provider of Sharia based their respective areas of Regional
from savings and
implemented through centralized housing financing solutions responsibility, resulting lending to trans-
functions and efficient resource ❑ Aiming to broaden market reach that in fairly low cross- Area
action solutions.
allocation, involving both the Risk and align with the needs and values of selling potential and
Operations units, with the Loan Factory’s Muslim customers. higher opex. Branch Sub-Branch
establishment.
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Diversifying Segments to Boost CASA
Total Deposits by Segments (as of Sep-25) Enhancing Retail customer acquisition to maintain a manageable CoF
More balanced growth on Time ….resulting to a manageable cost of deposits as
IDR 430 Tn FLPP (Liquidity Facility) Current Account
Deposit... cost of retail TD have ~170 bps lower than cost
Sourced from Government Annual Budget to fund Subsidized 24.9% of institutional TD
20.9% (Rp Tn) 227.1
Mortgage. Total 6.4% 6.5% 6.5% 6.5% 6.3% 6.45% 6.42%
Retail 181.8 35.1
17.1% 5.6%
18.1% Optimizing new segment through BTN Prospera (emerging 30.0 Retail
4.73%
z
affluent), BTN Private (HNWI) and BTN Prima (mass market). z4.0% 4.0%
4.3% 4.3% 4.3% 4.4%
4.5% 4.65%
Institution 192.0
151.8 3.6%
26.5%* 3.9% 4.2% 4.1% 4.1% 4.1% 4.0% 4.13% 4.10%
Middle Focusing on Regional Government, Regional Insti. 3.0% 3.7%
Institution Gov’t Owned, middle corporations
61.0% 3.1%
24.8% (max. of IDR 500 Bn). Sep-24 Sep-25 2.6%
Growth
Large FY21 FY22 FY23 1Q24 1H24 9M24 FY24 1Q25 1H25 9M25
Insti Deposits Retail Deposits YoY
Targeting on SOEs and Large Funding
Institution Retail TD Institutional TD Total Deposits
Institutions (more than IDR 500 Bn).
36.3% * 10.0% if exclude IDR25 Tn of Gov't fund placement
Middle Institution showed an Immersive Progress as BTN Tapping into Education and Healthcare Ecosystem
Middle Institution Portion
Total Outs. Large & Middle Institution Portion (%)
almost doubled
Education
IDR 11.6 Tn 26.3% 28.9% 28.2%
(IDR Tn)
30.2% 31.4% 35.7% 56.4T 84.3 T
3 Main Sep-24 Sep-25
Focus for Total Outs. Cost of Fund (CoF) from Middle
Health
Middle
Institution
RS
Bhayangkara IDR 3.4 Tn 73.7% 69.8% 71.1% 71.8% 68.6% 64.3%
Institution lower by ~180 bps
than the Large Institution
Large Middle
Regional Partnering with 42 regional Institution Institution
Govt’ governments, with total VoA Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 6.3% 4.5%
vs
reached IDR 1.3 Tn (as of Sep25) Large Institution Middle Institution 9M25 9M25
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Developing a Full-Fledged Retail Products Across Segment
On Development 150 Priority Banking
Manager throughout
Defining your Priority Indonesia
Exclusive Proposition & Growth & Engagement
Differentiators Strategy
HNWI BTN Prioritas AUM (IDR Tn)
▪ Dedicative Private Banker ▪ AUM growth from targeted 11.3% yoy
acquisition of HNWI/ Ultra
Average Product
with 24/7 service Banking Non-banking
▪ Exclusive Investment HNWI. (> IDR 15 Bn) Holding
54.3
48.2 48.8 52.0 51.6 52.5
3.2x
Products: Private equity, ▪ Cross-border Solution for
offshore bonds and global asset diversification Affluent Segment
and foreign currency wealth 13.6 15.2 15.0 15.6 15.9
structured products. 13.1
▪ Lifestyle & Concierge: protection.
Exclusive Lounge, travel ▪ Bale Solusi and BTN’s 35.1 35.1 36.7 36.6 36.9 38.4
benefits. ecosystem priorities.
(>IDR 500 Mn – 15 Bn)
Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25
Emerging Affluent Segment
On Development
127 Prospera
Shaping your Future (IDR 100 – 500 Mn) Relationship Managers
▪ Upgrading strategy Unlocking your Potential
throughout Indonesia
656 of existing Branch
Funding Sales
through
offering via
product
Branch Upper Mass Segment
BTN Prospera AUM (IDR Tn)
Funding Sales, focusing 4.8% yoy Average Product
on investment top-ups Holding
of BTN’s existing SA TD
~14%
and app push
1.8x
customer mostly on notifications. 10.0 10.0
9.6 8.9
Upper Mas Segment ▪ Instant upgrade to BTN 8.3 8.5
(IDR 10 – 100 Mn)
Prospera benefits once 3.9 4.5 4.5
The primary objective is to raise 3.3 3.4 3.8
AUM reach IDR 100 Mn, Avg. AUM NTB
the average product holding ratio with welcome gifts. Mass Segment
215
and boost the proportion of BTN 4.9 5.7 5.1 5.0 5.6 5.5
▪ Access to investment (Digital Acquisition via balé by BTN)
Prima customers transitioning to advisory. IDR Mn
BTN Prospera. Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25
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Digital Initiatives
Page 19
balé by BTN to boost Low-Cost Funding Growth
Balé By BTN Registered Users (Mn Users) Total Saving Balance of Users (IDR Tn)
68.2% yoy
22.1% yoy
3.2
21.4
19.7
17.5
2.2
1.9
11.8
1.1
0.0
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-23 Dec-24 Sep-24 Sep-25
Highest ever Bale by BTN Transactions (1,535 Mn Trx) with IDR 71.9 Tn Transaction Value in 9M25
# of Transaction 96.0% yoy Transaction Value 19.6% yoy
(Mn Transaction) (IDR Tn)
81.1
1,535.3 71.9
Since its launch in February 1,236.6 57.5 60.1
2025, balé by BTN has delivered 783.5 37.3
strong and sustained growth
performance. 341.9
174.0
FY22 FY23 FY24 9M24 9M25 FY22 FY23 FY24 9M24 9M25
*) annualized est. 19
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balé by BTN Strategic Product Highlights – Release 3Q25 (1)
Virtual Debit Card QRIS Customer Presented Mode Global Registration Digikab powered by Bale
(CPM)
Accelerate onboarding with
No cash? No problem! No local number? Register Digital ecosystem that touches
instant access. Seamlessly
Let your merchant scan online with international various aspects of community
integrated into balé by BTN
your QR code and pay number through balé by BTN! life and local government,
ecosystem, empowers users to
instantly with ease. Seamlessly access the app, designed to accelerate regional
transact immediately-no need
Your everyday banking, wherever you are! transformation – built on the
to wait for physical card.
now closer than ever- proven DNA of balé by BTN
A solution built for a cashless
balé by BTN
economy
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balé by BTN Strategic Product Highlights – Release 3Q25 (2)
Lifestyle Features Lifestyle Features Lifestyle Features
(Entertainment) (Tour & Attraction) (Shopping e-Voucher)
Simplify travel planning with Enable users to purchase
Instantly book tickets for concert,
integrated ticketing for top shopping vouchers (e.g.,
sports, and exclusive shows via
tourist attractions. balé by BTN UltraVoucher) directly through the
balé by BTN. One-tap access to
enhances customer convenience platform. A smart way to support
unforgettable experiences-
and drives engagement in the lifestyle spending and boost
anytime,anywhere.
tourism ecosystem. merchant partnerships.
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balé Merchant, balé Agen dan balé Properti Performances
balé Merchant Merchant
balé Agen Agen
balé Properti Properti
Total Merchants* 168 Tho Avg. Balance IDR 15.1 Mn Total Agents 6,051 Avg. Balance IDR 95.8 Mn Total Member 946 Tho Total Visitors 26 Mn
Total Merchants 153.9% yoy Total Agent 24.9% yoy Online Application (Thousand) 64.7% yoy
QRIS BTN was launched in Feb-23 219,866 49.1
6,051
4,956 39.9
4,845
128,568 27.6 29.8
86,606 2,523 2,988 18.4
17,525
1,176
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Number of Trx (Mn Times) 200.9% yoy Number of Trx (Thousand Times) 46.5% yoy Loan Disbursement (Tho Unit) 11.1% yoy
42.4
1,379.1 14.4
13.9 13.0
1,101.2 11.7
954.7 10.2
22.8
14.1 588.8
426.0
8.4
2.8
12M22 12M23 12M24 9M24 9M25 12M22 12M23 12M24 9M24 9M25 12M22 12M23 12M24 9M24 9M25
Trx Value (IDR Tn) 125.8% yoy Outstanding Balance (IDR Bn) Loan Disbursement (IDR Tn) 7.9% yoy
21.5% yoy
3.5 2.4
407.2 2.2 2.1
2.0
2.4
295.8 294.4 1.5
1.5 231.0
1.2
0.6 51.0
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
*Merchant EDC & QRIS
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Balé Korpora : Transforming Wholesale Banking with a Single
Digital Access Point
Thematic Industry Solution
Housing/ Construction Healthcare Education Trading/ Financial
Government Inst.
Developer Manufacture
Employee Solution FX Solution
Payroll Cross Currency Payment
Collection Solution Superior Features Payment Solution
• BTN Virtual Account to Support Client’s • Financial Dashboard
• Multi Debit Business Transaction • BTN Primo Account
Liquidity Solution Trade Finance Solution
• Cash Pooling & Distribution • E-Guarantee
• Loan Management • Financial Supply Chain
• BTN Healthcare • Trade Finance
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Empowering Businesses through Seamless Transactions and Smart
Cash Management through balé Korpora
Wholesale transactions showed significant progress in both transaction frequency and value, driven by an increase in the number of users
Transaction Value Balé Korpora Users
Transaction Frequency 8.3% yoy 10.1% yoy
11.7% yoy (IDR Tn) (Thousand Users)
(Mn Transaction)
218.3
3.3
164.2 163.4 19.6
150.9 17.8
2.1 17.6
1.9 14.7
1.4 88.2 11.9
0.9
FY22 FY23 FY24 9M24 9M25 FY22 FY23 FY24 9M24 9M25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Fee Based Income (IDR Bn)
118.8% yoy
49.2
30.7
24.8 22.5
7.8
FY22 FY23 FY24 9M24 9M25
https://korpora.btn.co.id/
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BTN Financial Highlights
Page 26
Key Takeaways 9M25
Sufficient Liquidity Moderate Loan Growth Robust Funding Growth Better Profitability
❑ Due to the government ❑ Total loans and financing ❑ Total deposits grew by ❑ 9M25’s net profit touched
fund placement, LDR book of IDR 381.0 Tn as of 16.0% yoy, reaching IDR IDR 2.3 Tn supported by
reached 88.6% in September 2025, grew by 429.9 Tn as of September better funding
September 2025. 7.0% yoy, backed by 10.7% 2025. structure and manageable
yoy from the non-housing operating expenses.
❑ As of September 2025, the ❑ This growth was mainly
segment. ❑ NIM expanded by 101bps
LCR stood at 193.3% contributed by 24.9% yoy
(202.4% in September ❑ Corporate loans recorded time deposits due to the on yoy basis to 3.9% in
2024). 27.5% yoy growth driven IDR 25 Tn of government’s 9M25.
by real estate, electricity, fund placement on 12 Sept ❑ RoRWA of 1.7% in 9M25,
❑ NSFR level saw an uptick
also wholesaler & retailer 2025. mainly coming from
to 126.9% as of September
sectors. sizeable mortgages
2025 (vs 120.9% as of ❑ The Cost of Deposits
September 2024). improved by 5bps to 4.1% portion in BTN's loans
in 9M25 from 8M25's figure. portfolio.
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Financial Snapshots
Financial Highlight Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 yoy Growth (%)
Asset/ Liabilities
Total Assets (IDR Bn) 402,148 438,750 469,615 455,107 510,857 12.2% yoy
Total Loan & Financing (IDR Bn) 298,282 333,698 357,973 356,064 381,030 7.0% yoy
Total Deposits (IDR Bn) 321,937 349,933 381,667 370,751 429,925 16.0% yoy
Profitability
Net Profit (IDR Bn) 3,045 3,501 3,007 2,082 2,303 10.6% yoy
NIM 4.4% 3.8% 2.9% 2.9% 3.9% 101 bps
CIR 46.7% 45.3% 57.1% 59.9% 47.8% (1,210) bps
RoE (Tier-1) 16.4% 13.9% 10.8% 10.1% 10.5% 40 bps
RoRWA – after tax 2.2% 2.4% 1.8% 1.7% 1.7% 1 bps
RoA – after tax 1.0% 1.1% 0.8% 0.8% 0.8% 3 bps
Asset Quality
NPL (Gross) 3.4% 3.0% 3.2% 3.2% 3.4% 22 bps
Loan at Risk (LAR) 23.2% 21.1% 19.7% 20.8% 20.7% (19) bps
NPL Coverage 155.7% 155.2% 115.4% 126.5% 110.5% (1,599) bps
Cost of Credit (CoC) 1.4% 1.2% 0.6% 0.5% 1.6% 110 bps
Liquidity
LDR 92.7% 95.4% 93.8% 96.0% 88.6% (741) bps
LFR 81.8% 83.2% 83.2% 85.6% 81.5% (411) bps
CASA 48.5% 53.7% 54.1% 51.0% 47.2% (380) bps
Capital
CAR (Tier 1) 16.1% 17.5% 17.1% 17.0% 17.3% 25 bps
Total CAR 20.2% 20.1% 18.5% 18.7% 18.6% (15) bps 27
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Liquidity Highlight
LDR & LDR-ex FLPP Trend Liquidity Coverage Ratio (LCR) & Net Stable Funding Ratio (NSFR) Trend
133% 247%
225%
239% 238%
98.2% 98.3% 193%
96.2% 96.4% 96.0% 204% 202%
93.8% 94.4% 94.1% 194% 191%
190%
92.6% 92.7% 92.6%
95.4% 176%
89.7% 89.3% 93.8% 171% 171%
85.7%
88.6%
86.2% 132% 130%
84.8% 84.7% 85.3% 125% 124% 123% 123% 127%
82.7% 118% 117% 121% 121% 120% 121%
82.5% 82.6%
81.6%
80.9%
NSFR LCR
76.0%
LDR LDR-ex MoF Fund LDR -ex FLPP LDR FLPP
*LDR-ex FLPP is calculated by excluding FLPP schemes on Loans and FLPP Current Account on Total Deposits components
** LDR-ex MoF Fund is calculated by excluding MOF Funds (IDR 25 Tn) on Total Deposits components
*** LDR FLPP is calculated using 100 : 75 ratio (from 100% of assets; 75% comes from Giro FLPP)
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Balance Sheet
Balance Sheet Summary
Dec-23 Dec-24 Sep-24 Jun-25 Sep-25 qoq yoy % Assets
(IDR Bn)
Total Earning Assets 389,827 428,794 427,335 450,440 453,284 0.6% 6.1% 88.7%
Term Deposit with BI 12,149 2,810 11,171 9,095 4,445 -51.1% -60.2% 0.9%
Total Loan & Financing 333,698 357,973 356,064 376,110 381,030 1.3% 7.0% 74.6%
Securities 41,200 61,015 55,727 62,028 62,972 1.5% 13.0% 12.3%
Other Earning Assets 2,780 6,997 4,373 3,207 4,836 50.8% 10.6% 0.9%
Provision on Earning Asset (15,641) (13,063) (14,576) (14,359) (14,536) 1.2% -0.3% -2.8%
Total Non Earning Assets 64,563 53,883 42,348 48,880 72,109 47.5% 70.3% 14.1%
Total Assets 438,750 469,615 455,107 484,962 510,857 5.3% 12.2% 100.0%
CASA 188,007 206,358 188,989 199,724 202,826 1.6% 7.3% 39.7%
Current Account 143,535 160,848 148,645 155,287 160,072 3.1% 7.7% 31.3%
Saving Account 44,472 45,510 40,344 44,438 42,755 -3.8% 6.0% 8.4%
Time Deposits 161,927 175,309 181,763 206,658 227,099 9.9% 24.9% 44.5%
Third Party Deposits 349,933 381,667 370,751 406,383 429,925 5.8% 16.0% 84.2%
Securities issued 6,835 5,445 5,280 4,766 3,730 -21.7% -29.4% 0.7%
Deposits from Other Banks 1,300 105 1,066 95 113 18.3% -89.4% 0.0%
Repurchase Agreements 0 3,409 934 0 342 -63.4% 0.1%
Borrowings 42,875 39,813 38,008 33,642 35,044 4.2% -7.8% 6.9%
Non Interest Bearing Liabilities 7,327 6,604 7,060 6,150 7,020 14.1% -0.6% 1.4%
Total Liabilities 408,271 437,043 423,099 451,036 476,174 5.6% 12.5% 93.2%
Total Equity 30,479 32,572 32,008 33,926 34,683 2.2% 8.4% 6.8%
Total Liabilites & Equity 438,750 469,615 455,107 484,962 510,857 5.3% 12.2% 100.0%
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Loan Mix
Dec-22 Dec-23 Dec-24 Sep-24 Jun-25 Sep-25
Loan Type (IDR Bn) qoq yoy
Outs % Outs % Outs % Outs % Outs % Outs %
Housing Loan 261,705 87.7% 284,617 85.3% 305,590 85.4% 303,234 85.2% 317,770 84.5% 322,539 84.6% 1.5% 6.4%
Subsidized Mortgage 145,860 48.9% 161,746 48.5% 173,844 48.6% 172,767 48.5% 182,179 48.4% 186,585 49.0% 2.4% 8.0%
Non-Subsidized Mortgage 87,824 29.4% 96,175 28.8% 105,956 29.6% 103,809 29.2% 110,726 29.4% 111,338 29.2% 0.6% 7.3%
Other Housing Loan 6,970 2.3% 7,871 2.4% 8,652 2.4% 8,386 2.4% 8,840 2.4% 8,954 2.3% 1.3% 6.8%
Construction Loan 21,051 7.1% 18,826 5.6% 17,138 4.8% 18,271 5.1% 16,025 4.3% 15,661 4.1% -2.3% -14.3%
Non-Housing Loan 36,576 12.3% 49,081 14.7% 52,382 14.6% 52,830 14.8% 58,340 15.5% 58,492 15.4% 0.3% 10.7%
Consumer Loan 7,010 2.4% 7,264 2.2% 7,813 2.2% 7,465 2.1% 7,519 2.0% 7,731 2.0% 2.8% 3.6%
Commercial Loan 11,563 3.9% 12,901 3.9% 15,237 4.3% 15,046 4.2% 15,178 4.0% 12,103 3.2% -20.3% -19.6%
Corporate Loan 18,004 6.0% 28,916 8.7% 29,332 8.2% 30,319 8.5% 35,643 9.5% 38,657 10.1% 8.5% 27.5%
Total Loan & Financing 298,282 100.0% 333,698 100.0% 357,973 100.0% 356,064 100.0% 376,110 100.0% 381,030 100.0% 1.3% 7.0%
Mortgage 233,684 78.3% 257,921 77.3% 279,800 78.2% 276,576 77.7% 292,905 77.9% 297,924 78.2% 1.7% 7.7%
Gross Loan (IDR Tn) Composition by Business Segment Housing Loan
7.0% yoy
Non Housing Loan
12.3% 14.7% 14.6% 14.8% 15.4%
358.0 356.1 381.0
333.7
298.3
87.7%
85.4%
85.3%
85.2%
84.6%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
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Loan Composition
Loan Mix by Segment (IDR Bn) Loan Growth Strategy
% yoy Main contributors for growth
Total Loan 7.0% Focusing on housing-related higher yield whilst
excelling in mortgages
381,030
Corporate Loan 27.5% Continuing to build up corporate segment with
356,064 key focus on the housing-related sectors
38,657
30,319 12,103
7,731 Targeting high-growth SME sectors (KUR) within the
15,046 8,954 Commercial Loan -19.6%
7,465 housing ecosystem
8,386
Tapping captive mortgage market with extensive soft
Consumer Loan 3.6% loan (KRING) offers also optimizing Payroll-based loans
with several new institutions
7.9%
Optimizing home equity loans (KAR) from existing
Other Housing 6.8% performing mortgage customers through tele sales,
Loan upselling and cross selling for existing customers
297,924
276,576
▪ Pursuing a sustainable growth in housing loans with
subsidized mortgages as the main driver
Mortgage 7.7% ▪ Disbursing selectively on non-subsidized mortgage
to non-fixed income individuals, focusing more on
the emerging affluent segment through Sales Center
Construction Reprofiling Construction Loan Portfolio
-14.3% Focus on landed house and selected TOD high-rise
Loan
18,271 15,661 housing projects
Sep-24 Sep-25
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Loan Disbursement
Loan by Segment (IDR Bn) 12M22 12M23 12M24 3Q24 2Q25 3Q25 QoQ yoy 9M24 9M25 yoy
Housing Loan 47,559 56,893 57,142 12,998 11,330 13,103 15.6% 0.8% 45,111 39,293 -12.9%
Subsidized Mortgage 24,332 25,632 24,915 5,032 6,301 7,962 26.4% 58.2% 20,468 23,570 15.2%
Non-Subsidized Mortgage 14,363 19,073 19,808 4,773 2,801 2,517 -10.1% -47.3% 15,272 8,450 -44.7%
Other Housing Loan 1,349 2,378 2,399 663 355 454 27.6% -31.6% 1,720 1,216 -29.3%
Construction Loan 7,516 9,810 10,020 2,530 1,873 2,170 15.9% -14.2% 7,651 6,058 -20.8%
Non-Housing Loan 40,036 36,794 34,038 6,540 14,692 11,675 -20.5% 78.5% 24,874 35,475 42.6%
Consumer Loan 8,530 3,853 3,216 804 697 931 33.5% 15.8% 2,243 2,189 -2.4%
Commercial Loan 20,807 14,573 19,436 4,516 6,539 4,519 -30.9% 0.1% 14,791 14,817 0.2%
Corporate Loan 10,698 18,368 11,385 1,220 7,456 6,225 -16.5% 410.4% 7,840 18,469 135.6%
Total Loan & Financing 87,595 93,687 91,180 19,538 26,022 24,778 -4.8% 26.8% 69,985 74,769 6.8%
Mortgage 38,695 44,705 44,723 9,805 9,102 10,480 15.1% 6.9% 35,739 32,020 -10.4%
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Total Deposits
Customer Deposits (IDR Tn) Cumulative Cost of Deposits (%)
By Segments Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 YoY
CASA 156.2 188.0 206.4 189.0 202.8 7.3%
6.1 6.2 6.14 6.20 6.23 6.14
6.1 6.1
6.0
Current Account 114.0 143.5 160.8 148.6 160.1 7.7%
Savings Account 42.2 44.5 45.5 40.3 42.8 6.0% 5.3
Time Deposits 165.7 161.9 175.3 181.8 227.1 24.9%
Total 321.9 349.9 381.7 370.8 429.9 16.0%
4.2 4.1 4.1 4.13 4.15 4.15 4.10
4.1 4.1
CASA and Cost of Fund (%) 3.7
3.5
2.6% 3.7% 4.1% 4.1% 4.1%
2.6
2.5
TD 2.2 2.3 2.2 2.2 2.17 2.20 2.23 2.24
2.1
46.3% 45.9% CASA
51.5% 49.0% 52.8%
2.1 2.1 2.15 2.11 2.05
CoF (ytd) 1.5 2.0 2.0 2.0 2.02
1.8
1.6
48.5% 53.7% 54.1% 51.0% 47.2% FY22 FY23 3M24 6M24 9M24 12M24 3M25 6M25 7M25 8M25 9M25
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Current Acc. Saving Acc. Time Deposits Total Deposits
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Total Deposits Compositions
Customer Deposits Retail Funding
(IDR Tn) (IDR Tn) 10.7%
53.7% 54.1% 76,714 77,852
70,521 72,509 70,311 YoY
51.0%
28,037 31,205 35,098 17.1%
48.5% 28,326 29,967
47.2% YoY
429,924
6.0% 42,195 44,472 45,510 40,344 42,754 6.0%
YoY YoY
381,667 42,754
370,751
349,933 2022 2023 2024 Sep-24 Sep-25
45,510 40,344
321,936
44,472 Saving Account Time Deposits
42,195 160,072
160,848 148,645 7.7% Institutional Funding
143,535 YoY
114,005 (IDR Tn) 352,072 17.2%
YoY
304,953 300,441
277,424
251,415
160,072 7.7%
YoY
227,098 160,848 148,646
175,309 181,763 114,005 143,535
165,736 161,927
24.9% 26.5%
YoY YoY
192,000
137,410 133,889 144,104 151,794
2022 2023 2024 Sep-24 Sep-25
Time Deposits Current Account Savings Account 2022 2023 2024 Sep-24 Sep-25
CASA
Time Deposits Current Account
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Capital
Capital December September
Growth
(IDR Bn) 2022 2023 2024 2024 2025
Tier – 1 Capital 22,533 27,154 29,834 29,080 31,743 9.2% yoy
Tier – 2 Capital 5,635 4,076 2,439 2,836 2,323 -18.1% yoy
Total Capital 28,168 31,230 32,273 31,916 34,066 6.7% yoy
Total RWA 139,631 155,590 174,445 170,661 183,619 7.6% yoy
RWA – Credit Risk 114,318 136,692 149,288 145,318 158,378 9.0% yoy
RWA – Market Risk 1,373 942 6,102 6,288 4,852 -22.8% yoy
RWA – Operational Risk 23,939 17,956 19,056 19,056 20,389 7.0% yoy
CAR Tier 1 (Tier 1/Total RWA) 16.2% 17.5% 17.1% 17.0% 17.3% 25 bps
CAR Tier 2 4.0% 2.6% 1.4% 1.7% 1.3% (40) bps
CAR BI ((Tier 1+2)/Total RWA) 20.2% 20.1% 18.5% 18.7% 18.6% (15) bps
Capital Conservation Buffer 2.5% 2.5% 2.5% 2.5% 2.5% - bps
Countercyclical Buffer 0.0% 0.0% 0.0% 0.0% 0.0% - bps
Capital Surcharge (D-SIB) 1.0% 1.0% 1.0% 1.0% 1.0% - bps
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Profit and Loss
PL Summary (IDR Bn) 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY
Interest Income 7,391 10,290 8,079 -21.5% 9.3% 22,366 26,579 18.8%
Interest Expense (4,526) (4,721) (4,664) -1.2% 3.0% (13,475) (13,817) 2.5%
Net Interest Income 2,865 5,569 3,415 -38.7% 19.2% 8,891 12,762 43.5%
Non-Interest Income 758 864 1,244 44.0% 64.2% 2,767 3,147 13.8%
Other Operating Expense (Exclude Provision) (2,511) (2,734) (3,102) 13.5% 23.6% (7,642) (8,528) 11.6%
Pre-Provision Operating Profit (PPOP) 1,112 3,699 1,557 -57.9% 40.0% 4,015 7,381 83.8%
Provision (379) (2,678) (819) -69.4% 116.0% (1,355) (4,476) 230.4%
Profit From Operations 733 1,021 738 -27.8% 0.6% 2,660 2,905 9.2%
Non-Operating Income (Expense) 6 (23) (6) -75.1% -187.8% (44) (43) -2.5%
Profit Before Tax 739 998 732 -26.7% -1.0% 2,616 2,862 9.4%
Net Profit 581 803 596 -25.7% 2.7% 2,082 2,303 10.6%
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Profit and Loss Composition (1/3)
Interest Income
% portion
Interest Income (IDR Bn) 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY
of 9M25
Placement with Bank Indonesia 143 91 89 -2.5% -37.8% 469 265 -43.6% 1.0%
Placement with other bank 4 12 4 -69.6% -12.1% 23 19 -18.5% 0.1%
Securities 495 669 660 -1.3% 33.5% 1,797 1,950 8.5% 7.3%
Loan 5,869 8,622 6,392 -25.9% 8.9% 17,565 21,621 23.1% 81.3%
Others 26 5 5 -7.0% -80.6% 72 21 -70.8% 0.1%
Income from Syariah 854 891 929 4.3% 9.3% 2,439 2,704 10.9% 10.2%
Total 7,391 10,290 8,079 -21.5% 9.3% 22,366 26,579 18.8% 100.0%
Interest Expense
% portion
Interest Expense (IDR Bn) 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY
of 9M25
Deposits from Other Banks 83 0 5 1256.1% -93.4% 203 28 -86.4% 0.2%
Deposits from Non-Banks 3,846 4,190 4,163 -0.6% 8.2% 11,215 12,201 8.8% 88.3%
Securities Issued 77 73 46 -36.4% -39.8% 317 196 -38.1% 1.4%
Fund Borrowings 493 449 442 -1.8% -10.5% 1,668 1,351 -19.0% 9.8%
Others 26 8 7 -16.5% -73.8% 73 42 -42.4% 0.3%
Total 4,526 4,721 4,664 -1.2% 3.0% 13,475 13,817 2.5% 100.0%
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Profit and Loss Composition (2/3)
Non-interest Income
Non-interest Income (IDR Bn) 3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY
Non-Recurring Income 376 483 816 68.8% 116.9% 1,666 1,975 18.6%
Gain from Treasury Transaction 191 343 396 115.3% 107.4% 788 1,139 44.5%
Recovery 75 150 159 5.9% 110.9% 443 471 6.3%
Others 110 -10 261 N/A 137.7% 434 365 -16.1%
Recurring Income 382 381 429 12.6% 12.3% 1,101 1,172 6.5%
Loan Related Transaction 118 98 103 5.8% -12.1% 331 294 -11.2%
Deposits & Banking Service Related 237 249 293 17.6% 23.3% 693 781 12.6%
Sharia Related Transaction 27 34 32 -4.6% 22.3% 76 98 28.4%
Total 758 864 1,244 44.0% 64.2% 2,767 3,147 13.8%
Non-interest 9M25 Non-interest Income Breakdown (%)
Income
(IDR Bn)
3.1%
4,612
3,922
1,541 3,147 Treasury
1,500 2,767 24.8%
2,488 36.1% Recovery
2,233 1,172
1,101 Others
1,227
1,377 3,071 Loan Related
2,422 1,975 9.3%
1,261 1,666 Deposits & Banking Service
857
11.7% 15.0% Sharia Related
2021 2022 2023 2024 9M24 9M25
Non Recurring Recurring Income Total
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Profit and Loss Composition (3/3)
Other Operating Expense (exclude Provisions)
Other Operating Expense (IDR Bn) % portion
3Q24 2Q25 3Q25 QoQ YoY 9M24 9M25 YoY
Excluding Provision of 9M25
Salaries & Employee Benefit 1,019 1,271 1260 -0.8% 23.6% 3,320 3,534 6.4% 41.4%
General Administration 405 232 476 104.9% 17.4% 1,059 1,155 9.1% 13.5%
Others 66 95 63 -34.1% -4.6% 155 159 2.1% 1.9%
Rent, Service & Maintenance 193 218 296 35.8% 53.2% 594 771 29.8% 9.0%
Depreciation 200 203 209 3.4% 4.6% 553 605 9.4% 7.1%
Promotion 119 153 146 -4.4% 22.7% 407 451 10.7% 5.3%
Collector Fees & Consultant 278 310 358 15.5% 28.7% 891 1,044 17.1% 12.2%
Insurance Premium 199 212 221 4.2% 11.0% 556 648 16.6% 7.6%
Training 20 23 45 95.0% 122.2% 84 93 11.3% 1.1%
Research & Development 1 1 1 11.6% -27.3% 2 2 -17.2% 0.0%
Other Taxes 10 10 2 -75.5% -76.3% 13 14 7.2% 0.2%
Loss (transaction spot, derivative, and forex) 5 6 24 289.3% 349.5% 7 51 665.7% 0.6%
Marked to Market (6.24) 0.00 0.34 0.06 0.34 429.9% 0.0%
Total 2,511 2,734 3,102 13.1% 23.6% 7,642 8,528 11.6% 100.0%
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Key Financial Ratios
RORWA1 – AfterTax ROA2 – After Tax
2.4% 0.9%
2.2% 0.8%
0.7%
1.8% 1.7% 0.6% 0.6%
1.7%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
1Calculated based on net profit/average of Total Credit Risk-Weighted asset (RWA)
2Calculated based on net profit/average total asset
ROE3 – Tier 1 Capital ROE4 – Balance Sheet
11.8% 11.5%
16.4%
13.9% 9.6% 9.1%
9.0%
10.8% 10.1% 10.5%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
3Calculated based on net profit/average Tier 1 Capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity
40
4
Page 41
Asset Quality
Page 42
Update on Risk Management Initiatives
Enhancing collection practices to a more advanced stage Developing the Loan Factory as a strategic refinement
to drive greater process effectiveness. to improve loan origination.
Through Loan Factory, BTN have centralized consumer loan processing and
Collection’s Business Process Improvement
portfolio risk management by enhancing service quality, driving efficiency,
with Clustering Based Model
and ensuring process excellence, with minimal human intervention.
❑ Shifting from branch-based allocation
to a regional cluster approach in
collection area management. Before After
❑ Delivers higher efficiency and better
collection teams' productivity. 1 Regionalized 1 Centralized
Progress in Cluster Collection in Jatim Bali
Nusra Regional Office (Phase 1 ) What’s Next?
1 Monthly Visit/collectors Improved BTN will gradually expand the
business process in other
21.5% regional offices.
288 350 2 Regional Based Model 2 Segment Based Model
(Before) (After) Loan Factory implements
Analysis and underwriting within centralized and standardized
the loan origination process are processes, with loan origination
2 Amount to Collect/collectors executed at each regional areas managed separately for
through RLPC.
12.4%
Subsidized, Non-Subsidized, and
Increased by Consumer segments.
JBN Jakarta I
West Java Jakarta II 3 Monoline Organization Establishing New
3
3 Cost Efficiency/collectors Structure Organization Structure
In 4Q25, the Cluster Collection Loan Factory
Retail Risk Regional Retail
Improved by
7.2% Project be implemented in 3
Regional Offices.
Division
Credit
Risk
Regional Loan
Operational
Risk Control
Risk Head
Loan Factory
Operation Processing Opt. Head
Division Center
42
Page 43
Loan Quality
Dec-22 Dec-23 Dec-24 Sep-24 Jun-25 Sep-25
Collectibility
IDR Bn % IDR Bn % IDR Bn % IDR Bn % IDR Bn % IDR Bn %
Current 268,077 89.9% 297,251 89.1% 312,598 87.3% 310,061 87.1% 323,938 86.1% 328,349 86.2%
Special Mention 20,134 6.8% 26,399 7.9% 34,057 9.5% 34,483 9.7% 39,693 10.6% 39,533 10.4%
Performing Loan (PL) 288,211 96.6% 323,649 97.0% 346,655 96.8% 344,545 96.8% 363,631 96.7% 367,881 96.5%
Substandard 580 0.2% 571 0.2% 872 0.2% 828 0.2% 977 0.3% 1,078 0.3%
Doubtful 888 0.3% 678 0.2% 1,940 0.5% 1,764 0.5% 1,595 0.4% 1,597 0.4%
Loss 8,602 2.9% 8,800 2.6% 8,506 2.4% 8,927 2.5% 9,908 2.6% 10,474 2.7%
Non Performing Loan (NPL) 10,070 3.4% 10,049 3.0% 11,318 3.2% 11,519 3.2% 12,480 3.3% 13,149 3.4%
Total Loan & Financing 298,282 100.00% 333,698 100.0% 357,973 100.0% 356,064 100.0% 376,110 100.0% 381,030 100.0%
NPL Gross 3.38% 3.01% 3.16% 3.24% 3.31% 3.45%
NPL Nett 1.32% 1.32% 1.89% 1.53% 1.94% 2.00%
NPL Breakdown by Segment Quarterly SML Trend
By Segment (%) Dec-22 Dec-23 Dec-24 Sep-24 Jun-25 Sep-25
2022 2023 2024 2025 Avg. 3 years SML
Housing Loan 3.4% 3.2% 3.3% 3.4% 3.7% 3.8%
Subsidized Mortgage 0.9% 1.5% 1.7% 1.5% 1.7% 1.6%
Non-Subsidized Mortgage 1.9% 2.0% 3.7% 2.8% 5.3% 5.7% 9.4%
8.7% 9.1% 8.1%
Other Housing Loan 2.9% 3.7% 4.4% 4.6% 4.9% 4.6%
9.3%
9.4%
9.5%
9.7%
7.9%
9.5%
Construction Loan 26.2% 23.8% 16.0% 23.4% 15.0% 16.2%
8.8%
9.1%
8.2%
10.6%
10.4%
10.4%
6.6%
Non-Housing Loan 3.4% 1.9% 2.4% 2.5% 1.2% 1.4%
7.1%
6.8%
Consumer Loan 1.1% 1.6% 1.5% 1.5% 1.2% 1.6%
Commercial Loan 9.4% 6.2% 7.3% 7.8% 4.0% 5.6%
Corporate Loan 0.6% 0.1% 0.1% 0.1% 0.0% 0.0%
Total Loan & Financing 3.4% 3.0% 3.2% 3.2% 3.3% 3.4%
Mar Jun Sep Dec
Mortgage 1.3% 1.7% 2.5% 2.0% 3.1% 3.2%
43
Page 44
Loan Quality ,Coverage and Cost of Credit
NPL & NPL Coverage LAR & LAR Coverage
155.7% 155.2% 115.4% 126.5% 110.5% 23.2% 21.1% 21.1%
19.7% 20.7%
22.6% 22.1%
18.6% 19.6% 18.5%
3.4% 3.0% 3.2% 3.2% 3.4%
15.7 15.6 (IDR Bn) 78,738
14.6 14.5
13.1 13.1 74,231
11.3 11.5 5,438
10.1 10.0 69,315 70,406 70,344
5,552 2,574
4,992 360
3,642 6,211 3,461 6,458
3,495 259 3,751 3,053 319 331 2,142
298 8,746
9,930 6,949
13,384 1,878
1,760
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 1,937
2,194 29,993
Provision Amount (IDR Tn) NPL Amount (IDR Tn) 24,576
22,412 24,311
NPL Coverage (%) NPL (%)
22,011
Cost of Credit
Annualized Provision Cost of Credit (%)
Charge (IDR Tn)
29,687 31,772
24,328 27,086 27,741
1.4% 1.2% 0.6% 1.6%
0.5%
6.0 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
4.0 3.7 Subsidized Mortgages Non-Subsidized Mortgages Other Housing
2.0 1.8 Construction Loan Consumer Loan Commercial Loan
Corporate Loan Total % LAR
FY22 FY23 FY24 9M24 9M25 % LAR Coverage
44
44
Page 45
Restructured Loans Breakdown by Segment
Covid-19 Restructured Loan by Segment Total Restructured Loan by Segment
11.4% 19.4%
8.5% 6.8% 16.8% 15.4% 16.2% 16.2%
5.3%
2.5%
(IDR Bn)
34,060 (IDR Bn) 61,895
3,527 57,829 57,760
56,194 55,236 5,401
71 1,173 28,243 3,642
4,829 5,552 86 1,899
4,208 91 2,990 6,211 5,282
4,579 24,089 3,276 69 2,987 1,781
85
1,148 68 2,563 7,787
45 261 12,255 8,795
1,422 6,053
641 4,540
1,448 1,506
19,054 1,957 1,666
17 781 72 23,830
11,964 327
4,529
10,894 19,378 19,738
14 712 69 19,084 18,976
237 9,253
9,533
6,701
4,401
11,969 23,615
10,401 11 51 17,808 18,568 19,515 20,120
9,099 639 147
6,793 2,405
1,878
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Subsidized Mortgages Non-Subsidized Mortgages Other Housing Subsidized Mortgages Non-Subsidized Mortgages Other Housing
Construction Loan Consumer Loan Commercial Loan Construction Loan Consumer Loan Commercial Loan
% of total Loan Corporate Loan Total Loan % of total Loan
Corporate Loan Total Loan
45
45
Page 46
Restructured Loans Breakdown by Collectability
Covid-19 Restructured Loan by Collectability (%) Total Restructured Loan by Collectability (%)
3.8% 7.1% 10.1%
15.8% 16.0% 12.1% 11.6% 13.1% 13.5% 13.5%
15.4% 35.2%
23.7% 20.3%
23.5% 27.9%
40.6% 37.7% 44.4%
10.9%
80.4% 77.5%
60.5% 66.2% 67.6%
53.9% 60.4%
46.3% 48.9% 42.1%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Covid-19 Restructured Loan by Collectability (IDR Bn) Total Restructured Loan by Collectability (IDR Bn)
34,060 61,895
57,829 56,194 55,236 57,760
1,300 8,362
28,243 7,002 6,546 7,776
5,377 7,258
2,007 24,089
11,717
4,336 19,054 2,440 15,689 27,477
22,402 21,755
3,048 5,699
27,384 4,474 9,533
21,899 39,110
33,959
15,951 3,353 25,576 28,229 26,057
11,532 1,039
5,141
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Current SML NPL 46
46
Page 47
ESG Updates
Page 48
BTN ESG Framework : The Future of Finance
BTN aims to establish a sustainable business processes by integrating environmental, good governance, and social values in a
comprehensive ESG framework.
The Future of Finance
BTN’s ESG Roadmap
ESG in Value Chain Accelerate Phase
(2026 – 2028)
Climate Change & Ecosystem
Advance Phase
(2025 – 2026)
Sustainable Finance People & Community
Stakeholder Inclusiveness
Action Phase
Integrated GRC
(2023 – 2025)
BTN seeks to improve ESG
practices that accelerate
Governance Risk Compliance positive impacts on the
environment, economy, and
society through BTN’s ESG
Roadmap.
Integrated GRC
48
Page 49
Indonesia’s Housing Landscape and the Sustainability Challenge
As BTN enables millions to achieve home ownership, households remain the largest source of national waste, underscoring the urgency
to embed sustainability within the housing ecosystem.
Empowering Indonesia’s Housing Sector Transforming Households into Sustainability Agents
As a key player in the housing market, BTN empowers millions of Households remain the largest contributors to Indonesia’s total waste,
Indonesians to achieve their dream home, while supporting a resilient and generating ~46.3% of the national waste, yet only 31.3% is managed through
sustainable housing ecosystem. formal waste handling systems.
Waste Generation
34.1 Mn ton /year
Waste Management
10.7 Mn ton /year
Key Housing Achievement Mortgage Portfolio Composition
Household wastes comes from:
Borrowers
Food Waste Other Waste
2,298,894
Clusters
37%
38.2% 61.8%
63%
154,294 According to the Ministry of Environment and Forestry (KLHK), over 270
million Indonesian people produce around 0.7 – 1.0 kg of waste each day.
Developers This emphasizes the urgent need for waste management and BTN’s role in
fostering environmentally responsible communities.
10,876 Subsidized Non Subsidized
Source: Ministry of Environment and Forestry
49
49
Page 50
Positioning BTN at the Heart of Indonesia’s Circular Economy
Through its role as a financial institution in the housing sector, BTN bridges stakeholders across the circular economy, transforming
household waste into economic value through “Pay Your Mortgage Installment With Waste” and “Low-emission Housing” programs.
9 Important Actors in Championing Circular Economy
Source: Lucia Karina, 2019.
rnment demia
Gove Aca
Ke
y As one of Indonesia’s leading financial institutions, BTN plays an
Le O essential role in advancing the circular economy agenda through the
a
pi ers
Inclu housing sector.
ni
s
d
cular E ive
on
Cir co
Together with families, waste management partners, suppliers, and
ducer
no
my
developers, BTN develops collaborative solutions that address waste
P u bl i c
Pro
challenges comprehensively, from upstream through "Pay Your
Mortgage with Waste" program to downstream through "Low-
emission Housing" program.
h
NG O T e c or
Med ia t
Sec
BTN launches flagship programs to solve waste problem in housing eco from upstream to downstream
Invaluable Waste
Eco-friendly Housing
material supplier Developers
Household Waste “Pay Your Mortgage
With Waste” Program Start-Up Waste
Valuable Waste Goes ‘Low-emissing
Management
to Waste Market housing” Program
Upstream Downstream 50
Page 51
Pay Your Mortgage Installment With Waste Program
BTN introduced “Pay Your Mortgage Installment with Waste” to reduce monthly mortgage installments with valuable waste and utilize
non-valuable waste into recycled materials.
BTN initiated a program by collecting waste from households
into building materials for low-emission houses...
Valuable Waste
goes to waste
buyer
This reflects BTN’s commitment to a circular economy that
connects communities, suppliers, and developers — where
waste becomes currency and sustainability becomes a
shared responsibility.
Total of Total of
Non-Valuable
Total of Waste House Cluster Household
Plastic Waste goes
to Low Emission
54 21 +14,000
Housing Supplier households
1 Point = IDR 1 Kgs/week/Cluster Clusters
51
51
Page 52
Low Emission Housing Project
BTN developed a “Low Emission Housing” roadmap, with a total target of 150,000 housing units by 2029.
Low Carbon Emission Roadmap Number of Low Emission Houses Disbursed & Emissions Reduced
Action Phase Advance Phase Accelerate Phase
• 15% Eco Material • 30% Eco Material • 30% Eco Material Low Carbon Total Total Waste Total Emission
• 10.000 Housing Pilot • 25.000 Housing Pilot Projects • 60.000 Housing Pilot Total Supplier Emission Houses Housing Unit Production Reduction
Projects Projects
2025 2026 2027 2028 2029 5 Suppliers 19 Developers 8,913 53,478 144.39
tCO2e
2.407
Trees/year
Jabodetabek, West Jabodetabek, West
Units kg 5 52 saved
Advance Phase Accelerate Phase Java, and Central
Java
Java, and Central
Java
2
• 20% Eco Material • 30% Eco Material
• 15.000 Housing Pilot Projects • 40.000 Housing Pilot
Projects
• Air circulation by increasing
Energy Efficiency ventilation
• Window to wall ratio 15% to 30%
• Using low flow faucets
Water Interlock Brick Houses
Low Efficiency
• Proper sanitation management
• Having an infiltration well
Carbon • Using PDAM for water supply
Emission
House Waste Conducting waste sorting with
appropriate waste bins
Management
• Have carbon absorbing plants (1tree
per house)
Pollution • Eco-friendly materials minimum
Reduction 15% per house
• Green and open spaces in house
and public facilities minimum 10% Interlock Brick
52
52
Page 53
Real Impacts on Environmental Sustainability
BTN’s sustainability initiatives have translated into real reductions in emissions, energy use, and paper consumption across operations.
Less Carbon Footprint through
Green Transportation Green Premises Digital Application
40
▪ Internal letter distribution through
8
Electric vehicles for
Installed Solar panels digital apps
operational ▪ Mortgage applications through BTN
(10 electric cars, 2 hybrid cars, & 29 and targeting minimum 15% of
electric motorcycles) Branch Offices by 2026 and 30% Properti
will be increased around 200 units by 2028. ▪ Management fees, parking fees, and
by 2029 other housing maintenance through BTN
Smart Residence
Transportation Emission Solar Panel Efficiency Paperless
Reduction
25,714 liters 171,919kWh 1,386,573
As of Sept 2025 As of Sept 2025 Sheet
Paper reduction
~62.14 1,036
53
~157.88 2,631 53 ~83.19
tCO2e
1,387 53
tCO2e Trees/year Trees/year
tCO2e Trees/year saved saved
saved
Environmental Sustainability 53
Page 54
Advancing Social Impact through Inclusive Housing
BTN expands equitable housing access, uplifts living standards, and nurtures sustainable communities across Indonesia.
Segment by Ages
Reducing Housing Backlogs Affordable Energy Access 21 - 35 years 36 - 50 years > 51 years
Deliver targeted housing financing Provide houses with electricity
programs for low-middle income at adjusted, affordable rates 0.4% 0.6% 0.6% 0.5%
segments to bridge the housing for eligible income groups ▪ ~79% of BTN
20.4% 21.7% 21.8% 19.9%
Subsidized
gap.
mortgage
79.2% 77.7% 77.6% 79.6% customers are
Millennials
Subsidized Mortgage
2022 2023 2024 Sep-25
Segment by Wages
▪ As of April 2025, the
up to IDR 4 Mn IDR 4 - 8 Mn IDR 8 - 14 Mn government updated
1.2% the key eligibility
criteria, setting the
Sustainable Communities Clean Water & Sanitation maximum monthly
53.1% 62.1% 60.2% 59.2%
Develop inclusive, safe, resilient, Ensure reliable access to clean income to IDR 12 Mn
and sustainable neighborhoods water and proper sanitation for single-income and
within subsidized housing facilities, managed sustainably. 46.9% 37.9% 39.8% 39.6% 14 Mn for joint income
complexes. in Jabodetabek area.
2022 2023 2024 Sep-25
120.0% 187 200 Subsidized
100.0% 174 Mortgage Loan
Segment by Gender
180 Outstanding
162 (IDR Tn)
Male Female
80.0%
146 160 ▪ All genders have
60.0% the same
% of Subsidized 33.0% 34.8% 35.4% 36.0%
140 opportunity to own
40.0% Mortgage of a subsidized house
total BTN Loan
48.9% 48.5% 48.6% 49.0% 120 67.0% 65.2% 64.6% 64.1%
20.0% Portfolio
0.0% 100 2022 2023 2024 Sep-25
2022 2023 2024 Sep-25
Social Welfare 54
Page 55
Housing Finance Center (HFC) to support housing industry in Indonesia
Through BTN Housing Finance Centre (HFC), BTN assists prospective new developers through a learning & advisory program and providing
basic education to prospective developers
Mini MBA in Property with APERSI
Housing Finance Center (HFC)
To become a leading center for research,
education and consultancy on housing finance
Learning
Implementing the HFC’s flagship work program in seminars, workshops,
and short courses both online and offline in collaboration with well-
known universities in Indonesia, Islamic boarding schools and other ❑ Collaborating with SBM ITB and DPD APERSI South Sulawesi for Mini MBA in Property with
stakeholders. APERSI. Mini MBA in Property program has successfully attracted more than 800
participants in 23 batches on a regular and 1 batch on request (in-house).
Advisory ❑ Learning material based one the four pillars of knowledge in property: Finance & Risk,
Project & Operation, Regulation & Law, and Business Model & Market
Conducting collaboration, coaching, mentoring and carrying out advisory
functions with academics, practitioners, government and community to Public Lecture & Talkshow
training participants of HFC Program in property sector
❑ This event was held
as a collaboration
Research between BTN and
Universitas Negeri
Malang.
Research implementation within the property sphere through various
❑ A Memorandum of
studies on the housing market and developing the House Price Index
Understanding was
(HPI).
signed in this event.
Social Welfare 55
Page 56
Human Capital Composition and Policy
Respectful Workplace Policy Management Composition ESG Training & Culture
❑ Recognize and respect differences in diverse
Commissioner Composition
Commisioner Independent
16.7% In achieving the goal of becoming an #ESGChampion,
good internal support from the Bank is needed. BTN
work environment with a wide range of of the BOD composition
has implemented learning & training related to ESG
ethnicities, races, nationalities, skin colors, ages, 21% are women
56% 50% for internal Bank employees.
religions, genders, disabilities, or other 67%
characteristics and perspectives to promote a
44% 50%
79% 14.3% 9,911 753 5 8
productive environment. 33%
of the Commissioner Completed Self- Completed ESG Employees ESG related
❑ Ensure that everyone is treated equally and have 2022 2023 2024 Sep-25 composition are Learning ESG learning & training become BUMN cultural
the same opportunity accessing the facilities and women awareness (delivered online & Green initiatives in 2024
(delivered online) onsite) Ambassador
infrastructure.
❑ Create a working environment of mutual respect, Gender Diversity ESG Curriculum
non-discrimination, and harassment in any form. 1. Responsible Marketing and Product
7. AML/CFT
Activities
47% 48% 49% 49%
Female 2. Data Privacy Governance 8. Tax Avoidance
Diversity, Equity and Inclusion Policy
9. Compliance with International
3. Data Security Issues
53% 52% 51% 51% Male Regulations
BTN provides broad opportunities for 4. ESG Risk Identification
10. Anti-Bribery and Anti-
Corruption
all parties to contribute to BTN by 2022 2023 2024 Sep-25
implementing policies related to 5. Mentorship 11. Code of Ethics
Diversity, Equity and Inclusion (DEI) Employee Composition
6. Diversity and Guidelines
in the company's Human Capital
(as of Sep-25)
operations.
> 19.9% ofcomposition
the Top Management
are women ESG Knowledge Portal
23 Disabled Employees
Top Management*)
Employee Wellbeing Program > 2.1% The ESG Knowledge
Staff & Officer Manager & Senior
By
Manager Portal is an internal
> platform integrated
BTN implemented Employee Well-Being Level 86.4% 11.5%
Framework mandated by BUMN to keep in BTNBest as a
stakeholders healthy, safe, and happy as *) Consists of AVP, VP, SVP and EVP education channel
well as improve EVP, additional value, and accessed by the
performance of individuals and business > By Age ≤30 31 - 50 ≥51 employees regarding
units. 38.3% 55.2% 6.5% the importance of
ESG principles.
Social Welfare 56
Page 57
Governance Sustainability Highlight
Gratification Data Privacy & Cyber Security ESG Aspect in Credit Analysis
The Gratification Control Data Privacy has become
To create impact through
Unit is a unit in the BTN's main priority to
Sustainable Finance, BTN
Compliance and protect customer and
is committed to provide
Governance Division with internal data. In 2024, 67
policies related to ESG
a task to receive employees and 5 people
aspects in loan analysis.
gratification reports and from IIKPA are given the
reports to the Komisi Anti Corruption certi-
Pemberantasan Korupsi fication.
(KPK).
Whistle Blowing System (WBS) Signatories Anti-Money Laundering
https://btnsiips.tioffs.info
Email : btnsiips@tipoffs.info BTN strengthens aspects
of corporate governance
by enhancing policies,
Msg./WA + 62 813 8870 1117 and implementing the
Telp. + 62 21-5092882/3 awareness related to
Anti-Money Laundering
The objective of the Company's WBS is to (APU) & Prevention of
strengthen internal control mechanisms to Terrorism Financing
support business growth, through : (PPT)
❑ Early detection and prevention of BTN has joined national and international
irregularities or violations; environmental and social sustainability
❑ To build an open, sincere, honest, and communities.
responsible work climate.
Governance Sustainability 57
Page 58
Governance Sustainability Highlight (2/2)
Compliance Management System Anti Anti Corruption Anti Bribery
BTN obtained ISO BTN has an Anti BTN implemented Anti
Certification 37301:2021 on Corruption Program Bribery Management System
Compliance Manage-ment and Forum consisted (ISO 37001:2016) in 16 areas:
System in 30 December of 96 Certified Credit Risk, Commercial
2022 applied in the Integrity Officer (CIO) Banking, Corporate Banking,
Compliance & Governance and 67 Anti MSME, 6 MSME restructured
Division, which includes Correuption Instructor units, 4 Commercial Business
compliance, corporate (PAKSI) certification Center (CBC), Credit
governance, and money across all units. Operations, and
laundering prevention procurement.
functions.
Anti Fraud Sub Committee ESG Committee ESG Principles
BTN established ESG BTN integrated ESG
BTN established an Anti principles to 76 internal
Fraud Sub Committee to Committee to supervise and
drive the implementation of polcies ensure ESG principles
supervise and implement are embedded to the Bank’s
Anti Fraud Strategy ESG principles on the Bank’s
business. operational and strategic
framework.
Governance Sustainability 58
Page 59
Multiple Accolades Awarded to BTN for its Excellence in Governance and
Sustainability Performance
ACGS Rating CSR HUB Refinitiv
Low
Top
77
Combined ESG Score B+
with overall score of
111.82 ESG Ranking (%) Bank BTN’s ESG
Compared Within performance ranked at
42,768 Companies
Environmental
Pillar Score
Social Pillar
Score
Governance
Pillar Score
176 out of 1,097 Banking
Services Company as
Top 5 Indonesia PLCs assessed by Refinitiv
ASEAN Asset Class Threshold C A- B
MSCI ESG Rating Included in some ESG Indices Corporate Governance Perception Index (CGPI)
(as of Sep-25)
IDX LQ45
Low Carbon Leaders
AA Leader
91.5
with overall score of
A company with a mixed or unexceptional track
SRI Kehati Index
1. ESG Sector Leaders
89.8
90.0
90.5
91.5Category :
record of managing the most significant ESG 2. ESG Quality 45 “Most Trusted Company”
risks and opportunities relative to industry 2021 2022 2023 2024 Top 50 ASEAN PLCs
peers
Governance Sustainability 59
Page 60
BTN Syariah: #1 of Sharia Business Unit in Indonesia
Page 61
BTN’s Indicative Schedule on Bank Syariah Nasional (BSN) Establishment
BSN’s Aspiration
Extraordinary Shareholders’
Meeting on the new entity name
of Bank Syariah Nasional (BSN)
“Mitra Utama Keuangan Keluarga
along with the appointment of yang Berkah dan Amanah”
new BOD and BOC.
We’re Here
End of
Mar’25 Jun’25 Aug’25 Oct’25 Nov’25 Dec’25
Oct’25
Introduced BSN’s new Estimated BTN and Estimated BTN’s Sharia
BTN AGMS Officially close the
corporate identity BSN EGMS, to Unit Spin-Off, standing
results. deal with SPA
and logo. officially Spin-Off the on its own as BTN’s
signing.
Sharia Business Unit. new subsidiary.
The indicative schedule is only an estimate that is subject to change without prior notice due to certain circumstances beyond the control of BTN that occur.
61
Page 62
Performance Highlight Sharia Unit in 9M25
Robust Asset Growth Consistent Financing Expansion Resilient Total Deposits
(IDR Tn) (IDR Tn) (IDR Tn)
18.4% YoY 19.7% YoY 19.3% YoY
56.9
51.1 49.6 47.7
68.4 43.9 41.8
60.6 57.7 42.7
54.3 37.1 34.6
45.3 31.6
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Solid Profitability Manageable NPL Gross Healthy CASA
(IDR Bn) (%) (%)
420 bps
4 bps
8.4% YoY
872 3.3
55.7 58.2
702 2.9 2.8 2.8 54.0
546 592 2.4 50.0
43.6
334
FY22 FY23 FY24 9M24 9M25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
62
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Financial Snapshots UUS
Financial Highlight Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Growth (%)
Asset/ Liabilities
Total Assets (IDR Bn) 45,336 54,289 60,560 57,728 68,368 18.4% yoy
Total Financing (IDR Bn) 31,624 37,114 43,892 42,707 51,106 19.7% yoy
Total Deposits (IDR Bn) 34,641 41,803 49,622 47,683 56,903 19.3% yoy
Profitability
Net Profit (IDR Bn) 334 702 872 546 592 8.4% yoy
N I M equivalent 5.0% 5.0% 4.2% 4.1% 3.6% (55) bps
ROA 0.7% 1.3% 1.4% 1.3% 1.2% (7) bps
Asset Quality
NPF (Gross) 3.3% 2.4% 2.9% 2.8% 2.8% 4 bps
Financing at Risk (FAR) 17.1% 14.4% 13.1% 13.7% 12.9% (82) bps
NPF Coverage 150.1% 158.1% 105.4% 124.6% 92.2% (3,240) bps
Liquidity
FDR 91.3% 88.8% 88.5% 89.6% 89.8% 25 bps
CASA 43.6% 50.0% 55.7% 54.0% 58.2% 420 bps
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Sharia Business : Financing & Deposits Composition
Financing Business Composition
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Financings Type (IDR Bn) QoQ YoY
Outs % Outs % Outs % Outs % Outs %
Housing Financing 30,812 97.4% 36,587 98.6% 43,217 98.5% 41,964 98.3% 50,142 98.1% 5.2% 19.5%
Subsidized Mortgage 19,039 60.2% 22,966 61.9% 26,522 60.4% 26,325 61.6% 31,856 62.3% 6.6% 21.0%
Non-Subsidized Mortgage 9,948 31.5% 11,604 31.3% 14,303 32.6% 13,442 31.5% 16,176 31.7% 4.1% 20.3%
Other Housing Financing 48 0.2% 33 0.1% 41 0.1% 42 0.1% 42 0.1% -2.8% -1.4%
Construction Financing 1,776 5.6% 1,982 5.3% 2,351 5.4% 2,155 5.0% 2,068 4.0% -5.5% -4.0%
Non-Housing Financing 812 2.6% 528 1.4% 675 1.5% 743 1.7% 964 1.9% 18.6% 29.8%
Consumer Financing 145 0.5% 169 0.5% 290 0.7% 262 0.6% 432 0.8% 20.6% 64.9%
Commercial Financing 667 2.1% 359 1.0% 385 0.9% 481 1.1% 532 1.0% 17.0% 10.6%
Total Financing 31,624 100.0% 37,114 100.0% 43,893 100.0% 42,707 100.0% 51,106 100.0% 5.4% 19.7%
Mortgage Financing 28,988 91.7% 34,571 93.2% 40,825 93.0% 39,767 93.1% 48,032 94.0% 5.7% 20.8%
Deposits Composition CASA Ratio (%)
2.7% 3.7% 3.9% 3.9% 3.9%
Deposits (IDR Bn) Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 yoy
CASA 15,117 20,915 27,634 25,751 33,118 28.6% TD
Current Account 9,104 14,166 19,825 18,423 24,366 32.3% 50.0% 44.3% 46.0% 41.8% CASA
56.4%
Savings Account 6,013 6,750 7,810 7,328 8,752 19.4% CoF
50.0% 55.7% 54.0% 58.2%
Time Deposits 19,524 20,888 21,988 21,932 23,785 8.4% 43.6%
Total 34,641 41,803 49,622 47,683 56,903 19.3%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
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Sharia Business : Asset Quality
NPF & NPF Coverage Financing at Risk (FAR)
150.1% 158.1% 17.1%
105.4% 124.6%
92.2% 14.43%
3.5% 13.1% 13.7%
12.9%
1.60% 1.2%
1.1% 0.7%
13.6% 12.83% 12.5% 12.2%
3.3% 12.0%
2.9% 2.8% 2.8%
2.4%
Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
NPF FAR Consumer FAR Commercial Total FAR
NPF Coverage
Special Mentioned Financing (SMF) Non-Performing Financing (NPF)
Financings Type Dec-22 Dec-23 Dec-24 Sep-24 Sep-25 Financings Type Dec-22 Dec-23 Dec-24 Sep-24 Sep-25
Housing Financing 6.7% 7.1% 7.2% 7.8% 7.3% Housing Financing 3.2% 2.3% 2.8% 2.7% 2.8%
Subsidized Mortgage 7.1% 7.1% 7.7% 8.2% 7.6% Subsidized Mortgage 0.9% 1.1% 1.6% 1.5% 1.6%
Non-Subsidized Mortgage 7.0% 7.3% 7.1% 7.8% 7.6% Non-Subsidized Mortgage 1.3% 2.0% 2.9% 2.8% 3.8%
Other Housing Financing 8.9% 11.0% 13.0% 8.6% 14.2% Other Housing Financing 5.5% 1.8% 0.4% 0.6% 4.2%
Construction Financing 1.6% 5.7% 1.3% 2.2% 1.4% Construction Financing 38.0% 18.1% 16.2% 17.6% 14.6%
Non-Housing Financing 0.0% 1.6% 0.8% 0.7% 0.7% Non-Housing Financing 9.0% 10.0% 6.6% 6.3% 2.1%
Consumer Financing 3.8% 3.8% 1.8% 2.1% 1.5% Consumer Financing 4.7% 3.6% 2.0% 2.3% 2.0%
Commercial Financing 0.0% 0.5% 0.0% 0.0% 0.0% Commercial Financing 9.9% 13.0% 10.1% 8.5% 2.2%
Total Financing 6.6% 7.0% 7.1% 7.7% 7.2% Total Financing 3.3% 2.4% 2.9% 2.8% 2.8%
Mortgage Financing 7.0% 7.1% 7.5% 8.1% 7.6% Mortgage Financing 1.0% 1.4% 2.0% 1.9% 2.3%
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Appendix
Page 67
BTN has set a New Long-Term Aspiration for 2025 – 2029
2025 – 2029
Leading Partner in Empowering the
2020 – 2024 Financials of Indonesian Family
To become the Best Mortgage Bank in Southeast Asia
Become government’s key partner in housing and
Double low-cost funding financial inclusion
Transforming channel capabilities to become the transactional bank and growing FBI
Provide the best customer experience through digital and
financial integration
Democratize housing
Delivering banking products to improve lives, financing in subsidized homes for mass
segment, and building a new direct-to-consumer channel for mass affluent segment Enhance shareholder value through sustainable
profitability growth
Build one stop shop financial solution for consumer and housing-related businesses Become home to Indonesia’s top talents
Providing lending and investment solutions to triple non-mortgage portfolio and
double product holdings of emerging affluent customers
Implement better ESG practices and business innovations
Become a digital innovator and home of Indonesia’s best talents
Digitizing processes to build the most efficient operations and
developing top-notch talents
Build a high-quality portfolio and sustain low levels of NPL
Leveraging technology to develop integrated and rigorous risk
management processes to lower NPL in line with market
sustainably
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BTN’s Network and Distribution as of 9M25
Java Kalimantan Sulawesi
Regional Office 5 Regional Office 1 Regional Office 1
Branch Offices 49 Branch Offices 7 Branch Offices 8
National 9M25 FY24 FY23
Sub-Branch Offices 375 Sub-Branch Offices 32 Sub-Branch Offices 30
Regional Office 8 8 6
Sharia Branch Offices 18 Sharia Branch Offices 3 Sharia Branch Offices 3
Branch Offices 82 82 81
Sharia Sub-Branch Offices 52 Sharia Sub-Branch Offices 3 Sharia Sub-Branch Offices 2
Sub-Branch Offices 540 536 541
ATM & CRM 1,412 ATM & CRM 132 ATM & CRM 131
Sharia Branch
35 35 34
Offices
Sharia Sub-Branch
Sumatera Bali dan Nusa Tenggara Maluku dan Papua Offices
76 75 75
Regional Office 1 Regional Office - Regional Office - Outlets 741 736 737
Branch Offices 11 Branch Offices 4 Branch Offices 3 ATM and CRM 2,083 2,071 2,150
Sub-Branch Offices 76 Sub-Branch Offices 15 Sub-Branch Offices 8
Sharia Branch Offices 10 Sharia Branch Offices 1 Sharia Branch Offices -
Sharia Sub-Branch Offices 17 Sharia Sub-Branch Offices 1 Sharia Sub-Branch Offices -
ATM & CRM 306 ATM & CRM 68 ATM & CRM 34
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Overview and Market Perspective on BTN Activities
Current BTN Ratings From Various Rating Agencies Precedent of BTN Corporate Action BBTN are included in some indices including
ESG indices
Upgraded up to Sep 2025
As of October 2025
Total Proceeds of IDR 1.65 Tn
through public portion of rights
Outlook : Stable issue LQ45
National Short-Term Rating : F1+ (idn) Issued Public Shares : IDXFINANCE
National Long-Term Rating : AAA (idn) 1,377,777,765 IDX BUMN20
Senior Unsecured : AAA IDX80
IDX Small-Mid Cap (IDX SMC) Composite
IDX Small-Mid Cap (IDX SMC) Liquid
IDX Growth30
As of June 2025
MSCI Indonesia Small Cap
MBX
Outlook : Stable
Counterparty Risk Rating : Baa2/P-2 Kompas100
Bank Deposits : Baa2/P-2 Infobank15
Baseline Credit Assessment
Adj Baseline Credit Assessment
: ba2
: ba2
Oversubscribed by 1.6x IDX Value30
Counterparty Risk Assessment : Baa2 (cr)/P-2(cr) Investor33
ECONOMIC30
Tempo – IDX Financials52 (Main Index)
Tempo – IDX Financials52 (High Growth)
SRI-KEHATI
As of August 2025 IDX LQ45 Low Carbon Leaders
ESG Sector Leaders IDX Kehati
Outlook : Stable ESG Quality 45 IDX Kehati
Corporate Rating : F1+ (idn) BTN’s Rights Issue was positively welcomed by
National Long-Term Rating : AAA (idn) investors
Senior Unsecured : AAA
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BBTN’s Past Corporate Action and Shareholder Structure
Geographics of BBTN Ownership (as of Sep 2025)
IPO (of total public Portion)
Region Asia
On December 17, 2009, bank BTN conducted an Euro Region
USA 86.0 mn shares
2009 Initial Public Offering and listed on the Indonesia 479.1 mn shares
(1.5%)
824.5 mn shares (8.5%)
Stock Exchange (IDX) with an offering price of (14.7%)
IDR800/share.
Indonesia
America ex USA British Territory 4,184 mn shares
Rights Issue 1 4.0 mn shares 0.1 mn shares (74.5%)
2012 (0.1%) (0.0%)
In Rights Issue 1, Bank BTN issued 1.51 billion new Australia
shares at an exercise price of IDR 1,235/share. Bank 36.1 mn shares
BTN obtained Rp 1.86 Trillion from Rights Issue 1. (0.6%)
Shareholder Structure (as of Sep 2025)
*) **)
Rights Issue 2
In Rights Issue 2, Bank BTN issued 3.44 billion new Government of Indonesia Public ***)
2022
shares at a price per share of IDR 1,200/share. The
Government of the Republic of Indonesia invested in 60% 40%
shares in the form of State Capital Participation
amounting to IDR 2.48 Trillion. Bank BTN earned
IDR4.13 trillion from Rights Issue 2.
*) 1 Share of Serie A Dwiwarna ownership by Government of Indonesia
**) 8,420,666,647 Shares of Serie B ownership by Danantara Asset Management
***) Includes 0.01% share ownership by the Board of Commissioners and Directors
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Board of Commissioners
Dwi Ary Purnomo
Suryo Utomo Fahri Hamzah*)
Vice President
President Commissioner Commissioner
Commissioner
Ida Nuryanti Pietra Machreza Paloh Panangian Simanungkalit
Independent Commissioner Independent Commissioner Independent Commissioner
*) Effective following approval of Fit & Proper Test by Otoritas Jasa Keuangan (OJK)
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Board of Directors
Hirwandi Gafar Nofry Rony Poetra Eko Waluyo
Nixon L.P. Napitupulu Oni Febriarto Rahardjo Setiyo Wibowo
Director Consumer Director Finance & Director Human Capital
President Director Vice President Director Director Risk Management
Banking Strategy & Compliance
Hermita Rully Setiawan Helmy Afrisa Nugroho*) Venda Yuniarti Tan Jacky Chen
I Nyoman Sugiri Yasa
Director Commercial Director Network & Director Corporate Director Treasury & Director Information
Director Operations
Banking Retail Funding Banking International Banking Technology
*) Effective following approval of Fit & Proper Test by Otoritas Jasa Keuangan (OJK)
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Thank You. Investor Relations PT Bank Tabungan Negara (Persero) Tbk. Menara BTN 16th Floor Jl. Gajah Mada No. 1 Jakarta 10130 Email: investor_ relations@btn.co.id Website: www.btn.co.id
Names mentioned 30 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Indonesia
p.6 ×9
unresolved
org
Ministry of Finance
p.10 ×3
unresolved
org
Ministry of Housing and Residential Area Policy
p.10
unresolved
org
Bank Indonesia’s Newest Macroprudential Incentive Changes
p.11
unresolved
org
Ministry of Environment and Forestry
p.49 ×2
unresolved
person
Completed Self-
· Commissioner
p.56
unresolved
org
Bank BTN’s ESG Compared Within
p.59
unresolved
org
Bank Deposits
p.69
unresolved
org
Government of the Republic of Indonesia
p.70
unresolved
person
Vice
· President Director
p.72 ×2
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