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Public Expose Live 2025 PT Bank Tabungan Negara (Persero) Tbk Jakarta, 10 September 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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Liquidity Highlight
SRBI rate falls to record low, opening room for lower cost of funds.
SRBI outstanding hit the lowest
SRBI rate drops to its lowest level since inception in Sep-23 New issuance vs maturity SRBI
level in July-25
(%) BI Rate Weighed Average SRBI (IDR Tn) (IDR Tn) Awarded Matured
8.0 924
7.2 85.0 95.0
7.5 7.3 81.0 70.5
894 893 891
882 55.3
7.0 6.7 867 36.0
28.0 31.0
6.5
6.0 6.4
5.6 -30.3 -40.3
6.25 783 -36.6
5.5
5.1 -77.9
5.0 -95.4
5.0 741
-114.6
4.5 718 -137.2
Feb-25
Jun-24
Sep-23
Feb-24
Sep-24
May-25
Apr-24
Jul-24
Aug-25
Aug-24
Jan-25
Apr-25
Jun-25
Jul-25
Jan-24
Oct-24
Oct-23
Nov-23
Dec-23
Mar-24
May-24
Nov-24
Dec-24
Mar-25
-154.9
Slower loan growth despite Loan to deposit ratio shows a
increasing deposit growth downward trend
(% yoy)
Key Takeaways
(%) 88.6 88.2
Loan Growth Deposit Growth
❑ SRBI rate fell to record low, reached 5.1% in Aug-25, the lowest since
12.4 inception in Sep-23, reflecting moderate decline in liquidity cost.
12.2
86.4 ❑ BI Rate eased 125 bps to 5.00% in Aug-25 (vs 6.25% in Aug-24), lead to 207
bps lower SRBI yields to 5.1% within the same period.
8.5 7.8
❑ SRBI's outstanding hit new low, dropped to IDR 718 Tn in Aug-25 (from its
peak outstanding at IDR 924 Tn in Dec-24).
7.0
77.1 ❑ The combination of falling yields, lower outstanding and net maturities
5.2 suggests a potential shift in liquidity conditions within system, that could
lead to lower Cost of Fund going forward.
Sep-24
Jun-24
Apr-25
Jun-25
Mar-25
Dec-21
Dec-23
Dec-22
Mar-24
Dec-24
May-25
Sep-24
Dec-22
Jun-24
Apr-25
Jun-25
Dec-21
Dec-23
Dec-24
Mar-24
Mar-25
May-25
Source: Bank Indonesia, OJK, processed.
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Recent Regulatory Changes with Potential Impact on Banks
New Maximum Monthly Income on Subsidized Mortgage Program New Policy on KUR Housing Program
Ministry of Housing and Residential Area issued new regulation on the eligibility for the ❑ The government introduced a new policy on the KUR Housing Program issued by the
subsidized mortgage (FLPP) program (Permen No.5/2025) on April 2025. Coordinating Ministry of Economic Affairs (Permenko No. 13/2025)
Monthly Income (IDR Mn) ❑ The supply side scheme (developers, contractors and building material suppliers)
Before After
provides two financing options: working capital for maximum 4 years and investment loan
Geographical Zones (FLPP Program)
for maximum 5 years.
Joint Joint
Single Single ❑ The demand side (MSME) provides investment loan with an interest rate subsidy for the
Income Income
first 5 years. Borrowers could withdraw loan of IDR 10 – 500 Mn with a lending rate of 6%.
Java (exc. Jabodetabek), Sumatera, East Nusa
Zone 1 7.0 8.0 8.5 10.0 ❑ The details on the interest rate subsidy for both schemes, supply and demand side, will
Tenggara, West Nusa Tenggara
be issued through the Minister of Finance Regulation.
Kalimantan, Sulawesi, Bangka Belitung Island,
Zone 2 7.0 8.0 9.0 11.0
Riau Island, Maluku, North Maluku, Bali
Scheme Supply Side Demand Side
Papua, West Papua, Central Papua, South
Zone 3 Papua, Highland Papua (Papua Pegunungan), 7.5 10.0 10.5 12.0
Loan Limit IDR 500 Mn - IDR 5 Bn IDR 10 - 500 Mn
Southwest Papua
Working Capital Loan: Max 4 Years
Zone 4 Jakarta, Bogor, Depok, Tangerang, Bekasi 7.0 8.0 12.0 14.0 Tenor Investment Loan: Min 5 Years
Investment Loan: Max 5 Years
A target has Set for FLPP in 2026 based on Government Annual Budget MSMEs: Developers, Contractors, Building
Applicant MSMEs
Material Suppliers
(IDR Tn) (Tho Units)
350.0 350.0 1. Land acquisition 1. House ownership
40.0 350.0 Purpose 2. Purchase building materials 2. Construction
300.0 3. Procurement of goods and services 3. Renovation
35.0
226.0 229.0
200.3 35.2 250.0 Loan Withdrawal IDR 5 Bn/cycle, up to 4 cycles IDR 10 Mn to IDR 500 Mn, one cycle
30.0 33.5
178.7
121.0 200.0
25.0 (as of Jun25) 1. Own a feasible business
150.0
2. Taxpayer Identification Number (NPWP) & Business License (NIB)
20.0
25.1 26.3 100.0 Eligibility 3. At least run a business for minimum 6 months
24.6
15.0 19.6 50.0 4. Non existing borrower of KUR or other government loan programs
15.0
10.0 - 5. May already own commercial loan under current category (collectability 1)
2021 2022 2023 2024 2025 2026
IDR Disbursement (LHS) Target IDR (LHS) Unit Disbursement (RHS) Target Unit (RHS) Source: Government Annual Budget Book 2026, Ministry of Housing and Residential
Area Policy, Coordinating Ministry for Economic Affairs Policy 55
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BTN’s 1H25 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 Driving Segment Expansion through
Unlocking Potential through Seamless Transactions
Products Across Segment Sales Center
Mortgage Disbursement from 9 Sales Center Since its introduction earlier this year, balé by BTN has been growing at a steady pace and
Branch reached ~IDR 713.3 Bn. strengthening its market presence.
High Net Worth
Individuals What’s Next?
2.7 Mn Branch Queuing
Affluent User Acquisition Reservation
Emerging ❑ BTN will further expand its housing IDR 43.1 Tn QRIS Crossborder
China, Korea
market presence by rolling out Sales Value of Transaction
Affluent
Center Desk (streamlined units compared
Upper
to Sales Center Branches).
❑ By 2025, 3 new Sales Center Desks are
931.5 Mn QRIS
Mass expected to be operational in Semarang, Amount of Transaction for BNPL and Tap
Malang and Balikpapan. online soft loan
Optimizing Loan Processing & Strengthening Collections Reshaping Branches and Redefining Customer Journey
BTN Digital Store Now Available in Several Places Coming Soon in 2025
Loan Quality Enhancement Strategy
KC Jakarta Kuningan 9 Non-Permanent
1 3 Digital Oriented
Digital Stores
A more selective loan origination 10 Branches
combined with the 'Stop & Go' 7 Sub-Branches
1
Program for specific regions and job
segments. Digital First
6 Non-Permanent
Royal Plaza Pakuwon City
Surabaya Jogja
Outlets
Loan processing optimization is being Implementation of Early Warning
implemented through centralized functions 2 2 KCP DPR & BEI
System (EWS). Total of 23 upcoming
and efficient resource allocation, involving Digital Stores to
both the Risk and Operations units, with the spread BTN’s presence
Loan Factory’s establishment. Selective and Targeted Restruct- across cities
3 uring. Fresh Market Pakuwon City
PIK Solo
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BTN Financial Highlights
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Key Takeaways 1H25
Robust Deposit Growth Moderate Loan Growth Sufficient Liquidity Improved Profitability
❑ As of June 2025, total ❑ The total loans and ❑ Maintained LDR level at ❑ 1H25’s net profit reached
deposits grew by 11.2% yoy. financing grew by 6.8% 92.6% as of June 2025, IDR 1.7 Tn driven by interest
This was supported by a yoy reaching IDR 376.1 Tn expected to reach the income improvement and
17.3% yoy growth in in June 2025, driven by guidance range of 94 – 97% manageable operating
deposits account. 10.5% yoy growth from the by the end of 2025. expenses growth.
non-housing segment. ❑ NIM stood at 4.4% as of
❑ A well-balance growth of ❑ As of June 2025, the LCR
retail and institutional ❑ Corporate loans recorded stood at 176.3% compared June 2025 or grew
funding account for 9.0% at 18.4% yoy driven by real to 193.9% as of June 2024. significantly by 139 bps (vs
yoy and 11.7% yoy, estate, electricity, as well 3.0% in June 2024).
❑ On the other hand, NSFR
respectively. as transportation and ❑ CIR has improved from
level saw an uptick to
warehousing sectors. 58.8% in 1H24 to 43.8% in
❑ A slight uptick of 4 bps in 121.5% as of June 2025 (vs
the COF level at 4.13% in 116.8% as of June 2024). 1H25.
June 2025 (4.09% in June
2024).
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Financial Snapshots
Financial Highlight Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Growth
Asset/ Liabilities
Total Assets (IDR Bn) 402,148 438,750 469,615 455,601 484,962 6.4% yoy
Total Loan & Financing (IDR Bn) 298,282 333,698 357,973 352,066 376,110 6.8% yoy
Total Deposits (IDR Bn) 321,937 349,933 381,667 365,382 406,383 11.2% yoy
Profitability
Net Profit (IDR Bn) 3,045 3,501 3,007 1,502 1,706 13.6% yoy
NIM 4.4% 3.8% 2.9% 3.0% 4.4% 139 bps
CIR 46.7% 45.3% 57.1% 58.8% 43.8% (1,495) bps
ROE (Tier-1) 16.4% 13.9% 10.8% 11.1% 11.7% 67 bps
ROA 1.0% 1.1% 0.8% 0.8% 0.9% 7 bps
Asset Quality
NPL (Gross) 3.4% 3.0% 3.2% 3.1% 3.3% 20 bps
Loan at Risk (LAR) 23.2% 21.1% 19.7% 21.2% 20.2% (102) bps
NPL Coverage 155.7% 155.2% 115.4% 135.7% 115.0% (2,070) bps
Cost of Credit (CoC) 1.4% 1.2% 0.6% 0.6% 2.0% 145 bps
Liquidity
LDR 92.7% 95.4% 93.8% 96.4% 92.6% (380) bps
CASA 48.5% 53.7% 54.1% 51.8% 49.1% (266) bps
Capital
Equity (IDR Bn) 25,909 30,479 32,572 31,033 33,926 9.3% yoy
CAR (Tier 1) 16.1% 17.5% 17.1% 16.6% 16.2% (40) bps
Total CAR 20.2% 20.1% 18.5% 18.6% 17.5% (107) bps
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Loan Mix
Dec-22 Dec-23 Dec-24 Jun-24 Mar-25 Jun-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% 299,246 85.0% 311,451 85.8% 317,770 84.5% 2.0% 6.2%
Subsidized Mortgage 145,860 48.9% 161,746 48.5% 173,844 48.6% 171,015 48.6% 179,704 49.5% 182,179 48.4% 1.4% 6.5%
Non-Subsidized Mortgage 87,824 29.4% 96,175 28.8% 105,956 29.6% 101,763 28.9% 106,809 29.4% 110,726 29.4% 3.7% 8.8%
Other Housing Loan 6,970 2.3% 7,871 2.4% 8,652 2.4% 8,188 2.3% 8,713 2.4% 8,840 2.4% 1.5% 8.0%
Construction Loan 21,051 7.1% 18,826 5.6% 17,138 4.8% 18,281 5.2% 16,225 4.5% 16,025 4.3% -1.2% -12.3%
Non-Housing Loan 36,576 12.3% 49,081 14.7% 52,382 14.6% 52,820 15.0% 51,660 14.2% 58,340 15.5% 12.9% 10.5%
Consumer Loan 7,010 2.4% 7,264 2.2% 7,813 2.2% 7,373 2.1% 7,420 2.0% 7,519 2.0% 1.3% 2.0%
Commercial Loan 11,563 3.9% 12,901 3.9% 15,237 4.3% 15,333 4.4% 12,622 3.5% 15,178 4.0% 20.2% -1.3%
Corporate Loan 18,004 6.0% 28,916 8.7% 29,332 8.2% 30,113 8.6% 31,618 8.7% 35,643 9.5% 12.7% 18.4%
Total Loan & Financing 298,282 100.0% 333,698 100.0% 357,973 100.0% 352,066 100.0% 363,112 100.0% 376,110 100.0% 3.6% 6.8%
Mortgage 233,684 78.3% 257,921 77.3% 279,800 78.2% 272,777 77.5% 286,513 78.9% 292,905 77.9% 2.2% 7.4%
Gross Loan (IDR Tn) Composition by Business Segment Housing Loan
6.8% yoy
Non Housing Loan
358.0 352.1 376.1
333.7 12.3% 14.7% 14.6% 15.0% 15.5%
298.3
87.7%
85.4%
85.0%
85.3%
84.5%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
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Total Deposits
Customer Deposits (IDR Tn) Cumulative Cost of Deposits (%)
By Segments Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 YoY
CASA 156.2 188.0 206.4 189.2 199.7 5.6%
6.14 6.15 6.14
6.08 6.11 6.07 6.11
5.99
Current Account 114.0 143.5 160.8 147.5 155.3 5.3%
Savings Account 42.2 44.5 45.5 41.7 44.4 6.5% 5.32
Time Deposits 165.7 161.9 175.3 176.2 206.7 17.3%
Total 321.9 349.9 381.7 365.4 406.4 11.2%
4.20 4.14 4.13 4.12 4.13
4.09 4.05 4.08
CASA and Cost of Fund (%) 3.67
3.46
2.6% 3.7% 4.1% 4.1% 4.1%
2.60
2.45
TD 2.20 2.26 2.19 2.19 2.19 2.18
2.14 2.15
46.3% 45.9% CASA
51.5% 48.2% 50.9%
2.07 2.11 2.14 2.17
CoF (ytd) 1.51 2.01 1.98 1.96 2.06
1.80
1.59
48.5% 53.7% 54.1% 51.8% 49.1% FY22 FY23 3M24 6M24 9M24 12M24 3M25 4M25 5M25 6M25
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Current Acc. Saving Acc. Time Deposits Total Deposits
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Profit and Loss
PL Summary (IDR Bn) 2Q24 1Q25 2Q25 QoQ YoY 6M24 6M25 YoY
Interest Income 7,303 8,210 10,290 25.3% 40.9% 14,975 18,501 23.5%
Interest Expense (4,505) (4,432) (4,721) 6.5% 4.8% (8,949) (9,154) 2.3%
Net Interest Income 2,798 3,778 5,569 47.4% 99.0% 6,025 9,347 55.1%
Non-Interest Income 1,004 1,039 864 -16.8% -13.9% 2,009 1,903 -5.3%
Other Operating Expense (Exclude Provision) (2,710) (2,692) (2,734) 1.5% 0.9% (5,131) (5,426) 5.7%
Pre-Provision Operating Profit (PPOP) 1,092 2,125 3,699 74.1% 238.9% 2,903 5,824 100.6%
Provision (319) (979) (2,678) 173.7% 739.7% (976) (3,657) 274.8%
Profit From Operations 773 1,146 1,021 -10.9% 32.2% 1,927 2,167 12.5%
Non-Operating Income (Expense) (27) (14) (23) 64.2% -14.0% (50) (37) -26.5%
Profit Before Tax 746 1,132 998 -11.8% 33.8% 1,877 2,130 13.5%
Net Profit 642 904 803 -11.2% 25.1% 1,502 1,706 13.6%
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BTN’s 2025 Guidance
1H25 Guidance
Loan Growth 6.8% 7 – 9%
Deposits Growth 11.2% 8 – 10%
Cost of Credit 2.0% >1.5%
NPL Gross 3.3% <3.1%
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BTN Syariah: #1 of Sharia Business Unit in Indonesia
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BTN’s Indicative Schedule on Bank Syariah Nasional (BSN) Establishment
Extraordinary BSN’s Aspiration
Shareholders’ Meeting
on the new entity name
of Bank Syariah Nasional “Mitra Utama Keuangan Keluarga
(BSN) along with the yang Berkah dan Amanah”
appointment of new BOD
and BOC.
Mar’25 Jun’25 Aug’25 End of Oct’25 Nov’25
Aug’25
We’re Here Estimated BTN and Estimated BTN’s Sharia
BTN AGMS Officially close the
BSN EGMS, to Unit Spin-Off, standing
results. deal with SPA
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.
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Performance Highlight Sharia Unit in 1H25
Robust Asset Growth Consistent Financing Expansion Resilient Total Deposits
(IDR Tn) (IDR Tn) (IDR Tn)
18.0% YoY 17.0% YoY 19.8% YoY
66.0 55.0
60.6 49.6
56.0 48.0 46.0
54.3 43.9 41.8
41.0 34.6
45.3 37.1
31.6
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Solid Profitability Manageable NPL Gross Healthy CASA
(IDR Bn) (%) (%)
539 bps
4 bps
8.3% YoY
872 3.3 58.9
702 2.9 2.8 2.9 55.7 53.5
2.4 50.0
401 43.6
334 370
FY22 FY23 FY24 6M24 6M25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
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Financial Snapshots UUS
Financial Highlight Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Growth
Asset/ Liabilities
Total Assets (IDR Bn) 45,336 54,289 60,560 55,549 65,562 18.0% yoy
Total Financing (IDR Bn) 31,624 37,114 43,892 41,412 48,466 17.0% yoy
Total Deposits (IDR Bn) 34,641 41,803 49,622 46,097 55,239 19.8% yoy
Profitability
Net Profit (IDR Bn) 334 702 872 370 401 8.3% yoy
N I M equivalent 5.0% 5.0% 4.2% 4.2% 3.7% (52) bps
ROA 0.7% 1.3% 1.4% 1.3% 1.3% (5) bps
Asset Quality
NPF (Gross) 3.3% 2.4% 2.9% 2.8% 2.9% 4 bps
Financing at Risk (FAR) 17.1% 14.4% 13.1% 14.0% 13.4% (56) bps
NPF Coverage 150.1% 158.1% 105.4% 124.5% 94.7% (2,982) bps
Liquidity
FDR 91.3% 88.8% 88.5% 89.8% 87.7% (210) bps
CASA 43.6% 50.0% 55.7% 53.5% 58.9% 539 bps
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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 7 people and organisations named in the text · linked when the evidence is strong
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Bank Indonesia
p.4
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Ministry of Housing and Residential Area
p.5
unresolved
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Ministry of Economic Affairs
p.5
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Minister of Finance Regulation. Kalimantan
p.5
unresolved
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Ministry of Housing and Residential Area Policy
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