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1H25 Results Presentation PT Bank Tabungan Negara (Persero) Tbk Jakarta, 27 August 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
Resilient National Economy despite Global Revision
National GDP Growth Rebound in 2Q25 Inflation Rate Remains on Track Soften Mortgage Growth
(% yoy) (% yoy)
Inflation (% mom) Inflation (% yoy) Mortgage Working Capital
5.1 5.1
Investment Consumer
5.0 5.1 13.7
5.0 5.0
8.8
5.0 2.4
5.0 8.2
0.3
4.9
4.9
Jun-24
Sep-24
Apr-25
Dec-21
Dec-22
Dec-23
Dec-24
Mar-25
May-25
Mar-24
Jun-25
Jun-24
Mar-24
Sep-24
Dec-22
Mar-25
Dec-21
Dec-23
Dec-24
Sep-24
Jun-24
Jun-25
Jul-25
Dec-22
Dec-23
Dec-21
Mar-24
Dec-24
Mar-25
Revision on GDP Outlook Key Takeaways
6.5
❑ National GDP level increased to 5.1% yoy in 2Q25, driven by 7.0% yoy growth in investment followed
6.4
2024 2025F
by 5.0% yoy private consumption growth.
5.0
5.0
4.8
4.8
❑ As of June 2025, IMF has revised down to 3.0% global GDP outlook, weighing on economic
4.3
4.1
projections for many countries, including Indonesia. Indonesia’s GDP outlook for 2025 stood at 4.8%
3.3
3.0
2.8
slightly lower than the 5.0% growth in 2024.
1.9
❑ Meanwhile, inflation rate remained modest at 2.4% yoy in Jul-25, within Bank Indonesia’s target rate.
1.0
0.9
0.7
❑ Investment loan booked the highest growth of 13.7% yoy. Yet, mortgage grew softer at 8.2% yoy in
0.2
May 2025 (vs 16.3% yoy in March 2025).
USA
Japan
India
Indonesia
China
EU
Emerging
Global
Market
Source: Statistics Indonesia, CEIC, IMF, Financial Services Authority (OJK)
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Banking Sector Highlight
Loan still grew faster than deposit
Loan Grew Higher than Deposit Stable Loan to Deposit Ratio SML Level Escalates
(% yoy) (%) (%) NPL SML
88.6 88.2
Loan Growth Deposit Growth
4.9 4.7 4.7 4.7 4.7
12.4 4.6
12.2 4.1 4.3 4.2
3.8
8.5 8.4
3.0
4.3 2.4 2.3 2.3 2.3
77.1 2.2 2.2 2.1 2.2 2.2
5.2
Dec-24
Sep-24
Apr-25
Jun-24
Dec-21
Dec-22
Dec-23
Mar-25
May-25
Mar-24
Sep-24
Apr-25
Jun-24
Dec-24
Dec-21
Dec-22
Dec-23
Mar-25
May-25
Mar-24
Sep-24
Apr-25
Dec-23
Jun-24
Dec-21
Dec-22
Mar-24
Dec-24
Mar-25
May-25
Moderate Money Supply &
CoF TD Still Inched Up in 5M25
Deposits Growth
Key Takeaways
(% yoy) (%)
M2 CASA TD COF Deposits COF CASA COF TD ❑ Loan growth continues to outpace deposit growth, leading to a Loan to
Deposit Ratio of 88.2%
21.7 5.1 5.3
❑ Money supply (M2) shows moderate growth at 4.9%, reflecting a soft
14.6 deposit growth that stood at 3.4%.
3.4
2.8 2.9 ❑ In 5M25, CoF deposits stays steady at 2.9% with the largest contribution
14.0 1.9 from TD instrument at 5.3%.
1.5 1.6
4.9
0.9 ❑ On asset quality, both Special Mention Loan (SML) and Non-Performing
4.2 Loan (NPL) were increased to 4.7% and 2.3% in May 2025, respectively.
3.4
Sep-24
Sep-24
May-25
May-25
Jun-24
Jun-24
Apr-25
Dec-23
Dec-23
Dec-21
Dec-22
Dec-22
Mar-24
Dec-24
Dec-21
Mar-24
Dec-24
Mar-25
Mar-25
Source: Central Bank of Indonesia (SEKI), Financial Services Authority (SPI OJK)
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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
923.5 95.0
85.0 81.0 70.5
7.5 894.0 893.4 891.1
7.5 7.3 881.8
867.4 36.0
28.0 31.0
7.0 6.7
6.5
-30.3 -40.3
6.0 6.25 6.4 5.6 783.0 -36.6
5.5 740.8 -95.4
-114.6
5.0 5.25 -137.2
-154.9
Sep-23
Feb-24
Jun-24
Sep-24
Feb-25
Apr-24
Aug-24
Jul-25
Jan-24
Jul-24
Apr-25
Jun-25
Oct-23
Oct-24
Jan-25
Nov-23
May-24
Nov-24
Dec-24
Dec-23
Mar-25
May-25
Mar-24
IDR Govt 10 years vs USD Treasury 10 years spread narrows to its slimmest level
(%) (bps) Key Takeaways
7.5 7.2 7.2 330 ❑ SRBI rate fell to record low, reached 5.6% in July-25, the lowest since
6.6 6.5 300 inception in Sep-23, reflecting moderate decline in liquidity cost.
6.5
270 ❑ BI Rate eased 100 bps to 5.25% in July-25 (vs 6.25% in July-24), lead to 192
bps lower SRBI yields to 5.6% within the same period.
5.5 240
4.6 4.4 210 ❑ SRBI's outstanding hit new low, dropped to IDR 740.8 Tn in July-25 (from its
4.5 4.3 peak outstanding at IDR 923.5 T in Dec-24).
180
3.6
3.5 150 ❑ The combination of falling yields, lower outstanding and net maturities
suggests a potential shift in liquidity conditions within system, that could
Jun-25
Jul-25
Feb-24
Sep-24
Feb-25
Sep-23
Apr-24
Jun-24
Jul-24
Apr-25
Aug-24
Oct-23
Jan-24
Jan-25
Oct-24
Nov-23
Dec-23
Nov-24
Mar-25
May-25
Mar-24
May-24
Dec-24
lead to lower Cost of Fund going forward.
Spread IDR - USD (RHS) USDT10Y (LHS) IDRG10Y (LHS) Source: Bank Indonesia, processed.
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BTN House Price Index (BTN HPI) as of June 2025
National House Price Index HPI Type 36
BTN HPI 36 QoQ YoY 260.4
HPI BTN National QoQ YoY 234.5
197.7
181.1
7.7 7.6
8.2 7.0
6.8 6.2
6.4 5.6 5.5 5.5
5.1 5.4 4.9
4.6
1.6 1.8 1.7 1.9 1.7 1.8 1.8
1.2 1.4 1.0 1.5 1.4 1.1 1.3
Sep-22
Sep-24
Sep-21
Jun-23
Sep-23
Jun-21
Jun-22
Dec-21
Jun-24
Mar-25
Jun-25
Dec-23
Mar-22
Dec-22
Mar-23
Mar-24
Dec-24
Dec-21
Sep-21
Sep-22
Sep-23
Sep-24
Jun-21
Jun-22
Jun-23
Jun-24
Jun-25
Dec-23
Mar-22
Dec-22
Mar-23
Mar-24
Dec-24
Mar-25
HPI Type 45 HPI Type 70 BTN HPI 70 QoQ YoY 212.1
BTN HPI 45 QoQ YoY
207.2
10.5
165.0 164.6
9.2
6.6 6.1 6.0 5.9 5.9
4.4 4.6
3.4 3.5 2.7 4.3
2.0 2.6 2.3 1.7 1.9
1.8 1.3
0.3 0.9 1.4
1.0
1.0 0.7 1.3
0.7
Sep-23
Jun-25
Sep-21
Sep-22
Sep-24
Jun-21
Jun-22
Jun-23
Jun-24
Dec-21
Dec-23
Mar-22
Dec-22
Mar-24
Dec-24
Mar-25
Mar-23
Sep-22
Sep-21
Sep-23
Sep-24
Jun-22
Jun-24
Jun-25
Jun-21
Jun-23
Dec-21
Dec-23
Mar-22
Dec-22
Dec-24
Mar-25
Mar-23
Mar-24
Source: BTN HPI Q2 25
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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
Papua, West Papua, Central Papua, South
Scheme Supply Side Demand Side
Zone 3 Papua, Highland Papua (Papua Pegunungan), 7.5 10.0 10.5 12.0
Southwest Papua
Loan Limit IDR 500 Mn - IDR 5 Bn IDR 10 - 500 Mn
Zone 4 Jakarta, Bogor, Depok, Tangerang, Bekasi 7.0 8.0 12.0 14.0
Working Capital Loan: Max 4 Years
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
(IDR Tn) (Tho Units) Material Suppliers
350.0 350.0
40.0 350.0 1. Land acquisition 1. House ownership
Purpose 2. Purchase building materials 2. Construction
35.0 300.0
226.0 229.0 3. Procurement of goods and services 3. Renovation
200.3 35.2 250.0
30.0 33.5
178.7 Loan Withdrawal IDR 5 Bn/cycle, up to 4 cycles IDR 10 Mn to IDR 500 Mn, one cycle
121.0 200.0
25.0 (as of Jun25)
150.0 1. Own a feasible business
20.0
25.1 26.3 100.0 2. Taxpayer Identification Number (NPWP) & Business License (NIB)
24.6
15.0 19.6 50.0 Eligibility 3. At least run a business for minimum 6 months
15.0
10.0 - 4. Non existing borrower of KUR or other government loan programs
2021 2022 2023 2024 2025 2026 5. May already own commercial loan under current category (collectability 1)
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 10
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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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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.
13
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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
pinjam
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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14
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Building a Sustainable Funding Engine : Diversifying Segments to Boost CASA
Third Party Deposits Enhancing Retail customer acquisition to maintain a manageable CoF
(Composition by Segment as of Jun-25) More balanced growth on Time ….resulting to a manageable cost of deposits as
Deposit... cost of retail TD have ~180 bps lower than cost
IDR 406 Tn (Rp Tn) 17.3% of institutional TD
206.7 Total
FLPP (Liquidity Facility) Current Account 6.4% 6.5% 6.5% 6.5% 6.3% 6.4%
176.2 12.6%
33.2 5.6%
Retail
21.1% Sourced from Government Annual Budget to 29.5
z 4.5% 4.6%
fund Subsidized Mortgage 18.3% 4.3% 4.3% 4.3% 4.4%
4.0% 4.0%
Retail 173.5 Insti. 3.6%
146.7 3.9% 4.2% 4.1% 4.1% 4.1% 4.0% 4.1%
3.0%
❑ Optimizing new segment through BTN Prospera 3.7%
3.1%
(emerging affluent), BTN Private (HNWI) and Growth
2.6%
Jun-24 Jun-25
19.1% BTN Prima (mass market). YoY FY21 FY22 FY23 1Q24 1H24 9M24 FY24 1Q25 1H25
Retail TD Institution TD Total Deposits
❑ Penetrating more on payroll business through Insti. Deposits Retail Deposits
business ecosystem (healthcare, education,
property related, trade)
Institution Middle Institution showed an Immersive Progress as BTN Tapping into
Education and Healthcare Ecosystem
BTN split institution funding to 2 business units
since January 2024. Middle Institution
❑ Focusing on Regional Large & Middle Institution Portion (%)
Government, Regional Gov’t Portion almost doubled
Middle Owned, middle corporations (IDR Tn)
Institution (max. of IDR 500 Bn) 20.6% 26.3%
22.6%
30.2% 28.9% 28.2% 31.40% 46.7 T 64.2 T
59.8% ❑ Establishing ~144 commercial Jun-24 Jun-25
funding sales across Indonesia Cost of Fund (CoF) from
79.4% 73.7% 71.1% 71.8% Middle Institution halved
69.8% 68.60%
❑ Targeting on SOEs and Large the Large Institution
Large Funding Institutions (more than Large Middle
Institution IDR 500 Bn). Institution Institution
37.2% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25
❑ Centralized funding sales in 6.5% vs 4.1%
Greater Jakarta Area. Large Institution Middle Institution 1H25 1H25
15
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Building a Sustainable Funding Engine : Developing a Full-Fledged Retail
Products Across Segment
On Development 139 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 8.9% yoy
acquisition of HNWI/ Ultra
Banking Non-banking Average Product
with 24/7 service
52.5 Holding
46.7 48.2 48.8 52.0 51.6
▪ Exclusive Investment HNWI. (> IDR 15 Bn)
3.1x
Products: Private equity, ▪ Cross-border Solution for
offshore bonds and global asset diversification Affluent Segment 12.3 13.1 13.6 15.2 15.0 15.6
structured products. and foreign currency wealth
▪ Lifestyle & Concierge: protection. 36.7 36.6 36.9
34.4 35.1 35.1
Exclusive Lounge, travel ▪ Bale Solusi and BTN’s
benefits. ecosystem priorities.
(>IDR 500 Mn – 15 Bn) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25
Emerging Affluent Segment
On Development
128 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 23.6% yoy Average Product
on investment top-ups SA TD
of BTN’s existing 10.2 Holding
~14%
and app push 9.6 8.9
8.5
1.9x
customer mostly on notifications. 8.3
Upper Mas Segment ▪ Instant upgrade to BTN (IDR 10 – 100 Mn) 6.4 3.9 4.6
Prospera benefits once 3.3 3.4 3.8
The primary objective is to raise AUM reach IDR 100 Mn, 2.3
Avg. AUM NTB
the average product holding ratio with welcome gifts. Mass Segment 4.9 5.7 5.1 5.0 5.6
372
and boost the proportion of BTN 4.1
▪ Access to investment (Digital Acquisition via balé by BTN)
Prima customers transitioning to advisory. IDR Mn
BTN Prospera. Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25
16
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Re-shaping Branches and Unlocking Seamless Connectivity with
digitalstore
BTN Digital Store
Conventional Branches Digital Store
Personalized Human Interaction Seamless Omni-channel Experience
Face-to-Face service with customers. Integrated physical and digital touchpoints.
Full-Service Capability Speed & Efficiency
Handle complex transactions and consultations. Self-service kiosks and automation to minimize wait
times.
Physical Presence for All Segments Hybrid Service Model with Strategic Locations
Blend of self-service with specialized staff support also
Ideal for customer with in-person banking preference.
located in high-traffic areas.
Introducing BTN Digital Store : Three Types of Digital Branches
“One-Stop Shop Digital “A New Experience of “On The Go Digital Booth
Hub with Specialized Digital Site to Serve with Full Self-Service
Assistance and Diverse Customers’ Needs” Products”
Financial Solutions”
▪ Designed for both retail ▪ Tailored for retail cus-
▪ Offering conventional and SME customers in tomers who prioritize
and digital banking Tier 1 and 2 cities. simplicity and effi-
experience. ▪ Offering a blend of self- ciency.
▪ Providing all BTN service and assisted ▪ Located in transit spots
services and products. service. like malls, MRT stations,
▪ Dedicating team of Sup- ▪ Assisted by a dedicated and airports.
erstaff, tellers, bankers, team of Superstaffs. ▪ Available for non-
and specialists. ▪ 2 Sub-Branches in DPR permanent in 9 High
▪ Exclusively available in Digital Digital Traffic Spots.
Flagship RI & BEI Area
Jakarta Kuningan. Oriented First
17
17
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Redefining the Customer Journey : Elevating Experience in BTN
digitalstore
Digital Store
Shift Talents into Superstaff Better Productivity on Digital Store (since Dec-24)
Conventional Branch : Customer Service (CS), Teller Service (TS)
▪ Service quality is compromised due to excessive Open Account (Minutes Time) Card Replacement (Minutes Time)
focus on routine operational task.
▪ A disproportionate amount of staff time is 20
consumed by transaction. 4 times more 15
7 times more
▪ Lack of clear role separation between CS and TS efficient
efficient
is causing inefficiency.
<5
2
Superstaff : One Staff, Multiple Skills
▪ Enhanced Customer Experience with Before After Before After
faster and more personalized service.
▪ Handle teller, CS and sales tasks.
5,767 206.7 501
▪ Operational Efficiency and staff
optimization. IDR Bn
▪ Cross-sell and upsell opportunities New Accounts Total Balance Merchant Acquisition
Superstaff & Exclusive 24/7 CRM and CS Digital on Personalized Consultation in Discover your Perfect Home
Digital Store Digital Store the Video Banking Area with AR in the Living City
BTN
Digital
Store
Features
18
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Digital Initiatives
Page 20
What’s New on BTN Digital Initiatives
One Stop Services to Fulfill Customer’s Needs and Lifestyle
BTN Jakim 2025’s Performance
1.5x of new account total transaction up
opened 2.1x
BTN Jakim
emerged as one of the
has
IDR 127.1Bn 1.5x
2.1x
most anticipated of Economic Impact
running events in
Indonesia, attracting x
x
participants from Collaborating with
across the nation and
solidifying its position 211
as a premier sporting merchants,
balé by BTN is the main
occasion. mostly MSMEs
sponsor of 4 Indonesia
Jakim 2024 Jakim 2025 Jakim 2024 Jakim 2025
football clubs
Integrating All Digital Wholesale Services Into One Single Access Portal
Serving Clients through Unique Value Proposition
Single Sign On
Virtual Account
Access
Consolidated Investment
Financial Dashboard Services
Cash Management International
and Trade Service Transfer
RS Bhayangkara
Supply Chain
Open API Services
Financing
balé Korpora has officially A logo of a university
launched, ready to tapping
Description automatically generated
BTN Primo Account
e-Guarantee
wholesale transactions with (VA Debet)
one-single platform.
20
20
20
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balé by BTN to boost Low-Cost Funding Growth
Balé By BTN Registered Users (Mn Users) Total Saving Balance of Users (IDR Tn)
68.8% yoy
21.6% yoy
2.7
19.7 20.3
2.2
16.7
1.6
11.8
1.1
0.0
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-23 Dec-24 Jun-24 Jun-25
Highest ever BTN Mobile Transaction (932 Mn Trx) with IDR 43.1 Tn Transaction Value in Jun-25
# of Transaction 141.6% yoy Transaction Value 5.6% yoy
(Mn Transaction) (IDR Tn)
1.864 *) 86.2 *)
1,236.6 81.1
Since its launch in February 931.5 57.5
2024, balé by BTN has delivered 40.8 43.1
strong and sustained growth 37.3
341.9 385.5
performance.
174.0
FY22 FY23 FY24 1H24 1H25 FY22 FY23 FY24 1H24 1H25
*) annualized est. 21
21
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Superapp balé by BTN: Integrated Digital Experience
properti bisnis
A section where An internet banking After logging in, users
users may look for exclusively for may access more
primary houses, SMEs, where they financial features such as
create loan can utilize the split bills, investing
simulations, see loan platform for safer features, e-money top up,
recommendations, transactions and and see transaction
and apply for a generate their own history.
housing loan. token.
merchant space
A tool to facilitate Bale Space offers Bale by BTN provides
merchants with lifestyle and access to BTN Priority,
digital entertainment which offers exclusive
transactions and contents through banking services,
monitor their the recent articles, special offers, as well
overall promotions, and as loyal rewards.
performance. other services.
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balé by BTN Strategic Product Highlights – Release 2Q25
QRIS Cross Border community
Cash In & Cash Out Indomaret
Travel smarter and
shop easier! Enjoy Smoother bill
hassle-free payments management? Enjoy the Ease of
with Cross-Border QRIS balé community Cash
using balé by BTN will handle all Withdrawals at
while exploring your bills - easy Indomaret
Singapore, Malaysia, payments, Outlets Across
and Thailand. multiple options, Indonesia with
zero stress! balé by BTN!
International Remittance (SWIFT) Lifestyle Features (Tour & Attraction) Lifestyle Features (Shopping Voucher)
Send money to Makes it easier Makes it easier for
family abroad, for Customers to Customers to
worry-free! With Purchase Tickets Purchase Shopping
balé by BTN, on several Vouchers
international Tourist (Ultravoucher) to
transfers are Attractions support their
smooth, safe, and lifestyle
super easy.
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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 19.6 Mn Total Agents 5,539 Avg. Balance IDR 89 Mn Total Member 890 Tho Total Visitors 22.6 Mn
Total Merchants 442.1% yoy Total Agent 28.4% yoy Online Application (Thousand) 146.9% yoy
QRIS BTN was launched in Feb-23 5,539
167,757 4,956 39.9
4,315
128,568
27.6 27.9
2,988
2,523 18.4
11.3
30,946
17,525
1,176
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
Number of Trx (Mn Times) 232.9% yoy Number of Trx (Thousand Times) 54.3% yoy Loan Disbursement (Tho Unit) 0.6% yoy
22.8 24.3 1,379.1
13.9 14.4
954.7 10.2
803.0 8.7 8.7
8.4 7.3 426.0 367.0
2.8
12M22 12M23 12M24 6M24 6M25 12M22 12M23 12M24 6M24 6M25 12M22 12M23 12M24 6M24 6M25
Trx Value (IDR Tn) 125.9% yoy Outstanding Balance (IDR Bn) Loan Disbursement (IDR Tn) 1.9% yoy
70.8% yoy
2.4 2.4
2.1 494.9 2.2
407.2
1.5 1.4 1.4
1.2 295.8 289.7
0.9
0.6
51.0
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
*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 11.3% yoy 11.4% yoy
47.1% yoy (IDR Tn) (Thousand Users)
(Mn Transaction)
218.3
3.3
164.2 17.6 18.4
16.5
14.7
103.1
11.9
1.4 88.2 92.7
1.3
0.9 0.9
FY22 FY23 FY24 1H24 1H25 FY22 FY23 FY24 1H24 1H25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Fee Based Income (IDR Bn)
65.5% yoy
30.7
24.8 23.2
14.0
7.8
FY22 FY23 FY24 1H24 1H25
https://korpora.btn.co.id/
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BTN Financial Highlights
Page 28
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 yoy 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) 321,937 349,933 381,667 365,382 406,382 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% (44) bps
Total CAR 20.2% 20.1% 18.5% 18.6% 17.5% (111) bps
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Balance Sheet
Balance Sheet Summary
Dec-23 Dec-24 Jun-24 Mar-25 Jun-25 qoq yoy % Assets
(IDR Bn)
Total Earning Assets 389,827 428,794 416,928 434,274 450,440 3.7% 8.0% 92.9%
Term Deposit with BI 12,149 2,810 5,649 9,222 9,095 -1.4% 61.0% 1.9%
Total Loan & Financing 333,698 357,973 352,066 363,112 376,110 3.6% 6.8% 77.6%
Securities 41,200 61,015 51,691 59,022 62,028 5.1% 20.0% 12.8%
Other Earning Assets 2,780 6,997 7,523 2,918 3,207 9.9% -57.4% 0.7%
Provision on Earning Asset (15,641) (13,063) (14,964) (12,491) (14,359) 15.0% -4.0% -3.0%
Total Non Earning Assets 64,563 53,883 53,636 46,747 48,880 4.6% -8.9% 10.1%
Total Assets 438,750 469,615 455,601 468,531 484,962 3.5% 6.4% 100.0%
CASA 188,007 206,358 189,217 196,679 199,724 1.5% 5.6% 41.2%
Current Account 143,535 160,848 147,504 151,671 155,287 2.4% 5.3% 32.0%
Saving Account 44,472 45,510 41,713 45,008 44,437 -1.3% 6.5% 9.2%
Time Deposits 161,927 175,309 176,165 188,024 206,658 9.9% 17.3% 42.6%
Third Party Deposits 349,933 381,667 365,382 384,703 406,382 5.6% 11.2% 83.8%
Securities issued 6,835 5,445 5,768 5,405 4,766 -11.8% -17.4% 1.0%
Deposits from Other Banks 1,300 105 3,153 111 95 -14.4% -97.0% 0.0%
Repurchase Agreements 0 3,409 4,550 2,957 0 -100.0% -100.0% 0.0%
Borrowings 42,875 39,813 38,769 34,754 33,642 -3.2% -13.2% 6.9%
Non Interest Bearing Liabilities 7,327 6,604 6,946 7,063 6,151 -12.9% -11.4% 1.3%
Total Liabilities 408,271 437,043 424,568 434,993 451,036 3.7% 6.2% 93.0%
Total Equity 30,479 32,572 31,033 33,537 33,926 1.2% 9.3% 7.0%
Total Liabilites & Equity 438,750 469,615 455,601 468,531 484,962 3.5% 6.4% 100.0%
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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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Loan Composition
Loan Mix by Segment (IDR Bn) Loan Growth Strategy
% yoy Main contributors for growth
376,110
Total Loan 6.8% Focusing on housing-related higher yield whilst
excelling in mortgages
352,066
35,643
30,113 Corporate Loan 18.4% Continuing to build up corporate segment with
15,178 key focus on the housing-related sectors
7,519
15,333 8,840
7,373
8,188 Targeting high-growth SME sectors (KUR) within the
Commercial Loan -1.0% housing ecosystem
Tapping captive mortgage market with extensive soft
Consumer Loan 2.0% loan (KRING) offers also optimizing Payroll-based loans
with several new institutions
7.9%
Optimizing home equity loans (KAR) from existing
Other Housing 8.0% performing mortgage customers through tele sales,
292,905 Loan
272,777 upselling and cross selling for existing customers
▪ Pursuing a sustainable growth in housing loans with
subsidized mortgages as the main driver
Mortgage 7.4% ▪ 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
-12.3% Focus on landed house and selected TOD high-rise
Loan
18,281 16,025 housing projects
Jun-24 Jun-25
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Loan Disbursement
Loan by Segment (IDR Bn) 12M22 12M23 12M24 2Q24 1Q25 2Q25 QoQ yoy 6M24 6M25 yoy
Housing Loan 47,559 56,893 57,142 15,674 14,860 11,330 -23.8% -27.7% 32,113 26,190 -18.4%
Subsidized Mortgage 24,332 25,632 24,915 7,301 9,307 6,301 -32.3% -13.7% 15,436 15,607 1.1%
Non-Subsidized Mortgage 14,363 19,073 19,808 5,445 3,131 2,801 -10.5% -48.6% 10,499 5,932 -43.5%
Other Housing Loan 1,349 2,378 2,399 501 407 355 -12.7% -29.1% 1,057 762 -27.9%
Construction Loan 7,516 9,810 10,020 2,427 2,015 1,873 -7.1% -22.8% 5,122 3,888 -24.1%
Non-Housing Loan 40,036 36,794 34,038 4,674 9,108 14,692 61.3% 113.5% 16,128 23,801 29.8%
Consumer Loan 8,530 3,853 3,216 700 561 697 24.2% -0.4% 1,439 1,258 -12.6%
Commercial Loan 20,807 14,573 19,436 4,495 3,759 6,539 74.0% 45.5% 10,274 10,298 0.2%
Corporate Loan 10,698 18,368 11,385 1,686 4,789 7,456 55.7% 342.3% 6,620 12,244 85.0%
Total Loan & Financing 87,595 93,687 91,180 22,554 23,969 26,022 8.6% 15.4% 50,447 49,991 -0.9%
Mortgage 38,695 44,705 44,723 12,746 12,438 9,102 -26.8% -28.6% 25,934 21,540 -16.9%
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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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Total Deposits Compositions
Customer Deposits Retail Funding
(IDR Tn) (IDR Tn) 9.0%
76,714 77,635 YoY
53.7% 54.1% 70,521 72,509 71,200
51.8%
49.1% 31,205 33,197
12.6%
48.5% 28,326 28,037 29,488 YoY
44,437 6.5% 42,195 44,472 45,510 41,712 44,437 6.5%
YoY YoY
45,510
41,713
44,472 2022 2023 2024 Jun-24 Jun-25
42,195 Savings Account Time Deposits
155,116
160,848 147,504
143,535 5.2% Institutional Funding
114,005 YoY
(IDR Tn) 328,576 11.7%
304,952 294,181 YoY
277,424
251,415
18.3%
144,104 173,460 YoY
133,889 146,677
206,658 137,410
175,309 176,165
165,736 161,927 17.3% 5.2%
YoY YoY
143,535 160,848 147,504 155,116
114,005
2022 2023 2024 Jun-24 Jun-25 2022 2023 2024 Jun-24 Jun-25
Time Deposits Current Account Savings Account Current Account Time Deposits
CASA
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Capital
Capital December June
Growth
(IDR Bn) 2022 2023 2024 2024 2025
Tier – 1 Capital 22,533 27,154 29,834 27,525 30,955 12.5% yoy
Tier – 2 Capital 5,635 4,076 2,439 3,267 2,496 -23.6% yoy
Total Capital 28,168 31,230 32,273 30,791 33,452 8.6% yoy
Total RWA 139,631 155,590 174,445 165,761 191,532 15.5% yoy
RWA – Credit Risk 114,318 136,692 149,288 140,689 166,427 18.3% yoy
RWA – Market Risk 1,373 942 6,102 6,016 4,716 -21.6% 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% 16.6% 16.2% (44) bps
CAR Tier 2 4.0% 2.6% 1.4% 2.0% 1.3% (67) bps
CAR BI ((Tier 1+2)/Total RWA) 20.2% 20.1% 18.5% 18.6% 17.5% (111) 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) 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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Profit and Loss Composition (1/3)
Interest Income
% portion
Interest Income (IDR Bn) 2Q24 1Q25 2Q25 QoQ YoY 6M24 6M25 YoY
of 6M25
Placement with Bank Indonesia 153 85 91 7.0% -40.4% 327 176 -46.1% 1.0%
Placement with other bank 6 3 12 299.0% 106.8% 19 15 -19.9% 0.1%
Securities 592 620 669 7.9% 13.0% 1,302 1,289 -1.0% 7.0%
Loan 5,721 6,608 8,622 30.4% 50.6% 11,696 15,230 30.2% 82.3%
Others 25 11 5 -48.6% -78.0% 46 16 -65.3% 0.1%
Income from Syariah 806 884 891 0.8% 10.5% 1,585 1,774 12.0% 9.6%
Total 7,303 8,210 10,290 25.3% 40.9% 14,975 18,501 23.5% 100.0%
Interest Expense
% portion
Interest Expense (IDR Bn) 2Q24 1Q25 2Q25 QoQ YoY 6M24 6M25 YoY
of 6M25
Deposits from Other Banks 76 22 0 -98.1% -99.5% 120 22 -81.5% 0.2%
Deposits from Non-Banks 3,683 3,847 4,190 8.9% 13.8% 7,369 8,037 9.1% 87.8%
Securities Issued 120 77 73 -4.6% -38.9% 240 150 -37.6% 1.6%
Fund Borrowings 594 460 449 -2.3% -24.3% 1,175 909 -22.6% 9.9%
Others 32 27 8 -69.7% -74.6% 47 35 -25.1% 0.4%
Total 4,505 4,432 4,721 6.5% 4.8% 8,949 9,154 2.3% 100.0%
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Profit and Loss Composition (2/3)
Non-interest Income
Non-interest Income (IDR Bn) 2Q24 1Q25 2Q25 QoQ YoY 6M24 6M25 YoY
Non-Recurring Income 636 676 483 -28.4% -24.0% 1,290 1,159 -10.1%
Gain from Treasury Transaction 283 400 343 -14.1% 21.4% 597 743 24.5%
Recovery 270 162 150 -7.3% -44.4% 368 312 -15.2%
Others 83 114 -10 -109.0% -112.3% 325 104 -68.1%
Recurring Income 368 363 381 4.8% 3.5% 719 744 3.4%
Loan Related Transaction 109 93 98 5.3% -10.1% 214 191 -10.7%
Deposits & Banking Service Related 233 239 249 4.2% 6.8% 456 488 7.0%
Sharia Related Transaction 26 31 34 8.0% 30.7% 50 65 31.7%
Total 1,004 1,039 864 -16.8% -13.9% 2,009 1,903 -5.3%
Non-interest 1H25 Non-interest Income Breakdown (%)
Income 3.4%
(IDR Bn)
4,612
3,922 Treasury
1,541
Recovery
1,500 25.6%
2,233 2,009 39.1%
1,903 Others
1,377 3,071 719 744 Loan Related
2,422
857 1,290 1,159 Deposits & Banking Service
10.0%
2022 2023 2024 1H24 1H25 Sharia Related
Non Recurring Recurring Income Total 16.4%
5.4%
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Profit and Loss Composition (3/3)
Other Operating Expense (exclude Provisions)
Other Operating Expense (IDR Bn) % portion
2Q24 1Q25 2Q25 QoQ YoY 6M24 6M25 YoY
Excluding Provision of 6M25
Salaries & Employee Benefit 1,306 1,003 1,271 26.8% -2.7% 2,301 2,274 -1.2% 41.9%
General Administration 341 447 232 -48.0% -31.8% 653 679 4.0% 12.5%
Others 18 1 95 14,258.4% 420.1% 90 96 7.1% 1.8%
Rent, Service & Maintenance 212 257 218 -15.4% 2.9% 401 475 18.6% 8.8%
Depreciation 184 193 203 4.7% 10.0% 353 396 12.2% 7.3%
Promotion 145 153 153 0.0% 5.0% 288 305 5.8% 5.6%
Collector Fees & Consultant 288 376 310 -17.4% 7.6% 613 686 11.9% 12.6%
Insurance Premium 170 215 212 -1.4% 24.5% 357 427 19.8% 7.9%
Training 39 24 23 -4.5% -39.7% 63 48 -24.6% 0.9%
Research & Development 1 0 1 33.1% -35.0% 1 1 -9.1% 0.0%
Other Taxes 1 2 10 370.5% 681.7% 3 12 273.0% 0.2%
Loss (transaction spot, derivative, and forex) 1 21 6 -70.7% 635.4% 1 27 1919.8% 0.5%
Marked to Market 4 - - - - 6 - -100.0% 0.0%
Total 2,710 2,692 2,734 1.5% 0.9% 5,131 5,426 5.7% 100.0%
40
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Key Financial Ratios
ROA1 – Before Tax ROA2 – After Tax
1.1%
1.0% 0.9%
0.9% 0.8%
0.8% 0.8% 0.7% 0.7%
0.7%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
1Calculated based on income before income tax (include tax benefit and extraordinary item)/ 2Calculated based on net profit/average total asset
average total asset based on Bank Indonesia regulation
ROE3 – Tier 1 Capital ROE4 – Balance Sheet
11.8% 11.5%
16.4% 10.1%
9.6% 9.8%
13.9%
10.8% 11.1% 11.7%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
3Calculated based on net profit/average Tier 1 Capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity
41
41
Page 42
Asset Quality
Page 43
Improving Risk Management through Transforming Collection Activities and
Strengthening Loan Origination
Enhancing collection practices to a more advanced stage Developing the Loan Factory as a strategic refinement to enhance loan
to drive greater process effectiveness. origination.
Through Loan Factory, BTN have centralized consumer loan processing and
Collection’s Business Process Improvement
portfolio risk management to deliver greater value by enhancing service
with Clustering Based Model
quality, driving efficiency, and ensuring process excellence, with minimal
❑ Shifting from branch-based allocation human intervention.
to a regional cluster approach in
collection area management. Before After
❑ Delivers greater efficiency and a more
productive collector. 1 Regionalized 1 Centralized
Strategic Collection & Recovery Excellence
Competency-based Recruitment for
collectors
Structured Career Pathways for 2 Regional Based Model 2 Segment Based Model
collectors Loan Factory implements
Analysis and underwriting within centralized and standardized
Establishment of a Collection the loan origination process are processes, with loan origination
Academy as a dedicated training executed end-to-end at the RLPC managed separately for
center. in every regional offices. Subsidized, Non-Subsidized, and
Consumer segments.
1 A more selective 2 Implementation of
3 Monoline Organization Establishing New
loan origination Early Warning System 3
Structure Organization Structure
Loan Quality combined with the (EWS).
Enhancement 'Stop & Go' Program Retail Risk Regional Retail Loan Factory
Strategy for specific regions Division Risk Operational Risk Head
3 Selective and
and job segments. Credit Regional Loan Risk Control Loan Factory
Targeted Restruct-
Operation Processing Opt. Head
uring. Division Center
43
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Loan Quality
Dec-22 Dec-23 Dec-24 Jun-24 Mar-25 Jun-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% 307,905 87.5% 310,061 87.1% 323,938 86.1%
Special Mention 20,134 6.8% 26,399 7.9% 34,057 9.5% 33,139 9.4% 34,483 9.7% 39,693 10.6%
Performing Loan (PL) 288,211 96.6% 323,649 97.0% 346,655 96.8% 341,044 96.9% 344,545 96.8% 363,631 96.7%
Substandard 580 0.2% 571 0.2% 872 0.2% 960 0.3% 828 0.2% 977 0.3%
Doubtful 888 0.3% 678 0.2% 1,940 0.5% 1,733 0.5% 1,764 0.5% 1,595 0.4%
Loss 8,602 2.9% 8,800 2.6% 8,506 2.4% 8,329 2.4% 8,927 2.5% 9,908 2.6%
Non Performing Loan (NPL) 10,070 3.4% 10,049 3.0% 11,318 3.2% 11,022 3.1% 11,519 3.2% 12,480 3.3%
Total Loan & Financing 298,282 100.00% 333,698 100.0% 357,973 100.0% 352,066 100.0% 356,064 100.0% 376,110 100.0%
NPL Gross 3.38% 3.01% 3.16% 3.13% 3.24% 3.33%
NPL Nett 1.32% 1.32% 1.89% 1.49% 1.57% 1.94%
NPL Breakdown by Segment Quarterly SML Trend
By Segment (%) Dec-22 Dec-23 Dec-24 Jun-24 Mar-25 Jun-25
2022 2023 2024 2025 Avg. 3 years SML
Housing Loan 3.4% 3.2% 3.3% 3.3% 3.6% 3.7%
Subsidized Mortgage 0.9% 1.5% 1.5% 1.7% 10.6%
1.7% 1.8%
Non-Subsidized Mortgage 1.9% 2.0% 3.7% 2.3% 4.9% 5.3% 9.1%
8.7% 9.1% 8.0%
Other Housing Loan 2.9% 3.7% 4.4% 5.1% 4.8% 4.9%
10.40%
9.3%
9.4%
9.5%
9.7%
7.9%
9.5%
Construction Loan 26.2% 23.8% 16.0% 24.4% 14.5% 15.0%
8.8%
9.1%
8.2%
6.6%
Non-Housing Loan 3.4% 1.9% 2.4% 2.3% 1.2% 1.2%
7.1%
6.8%
Consumer Loan 1.1% 1.6% 1.5% 1.5% 1.1% 1.2%
Commercial Loan 9.4% 6.2% 7.3% 7.1% 4.4% 4.0%
Corporate Loan 0.6% 0.1% 0.1% 0.1% 0.0% 0.0%
Total Loan & Financing 3.4% 3.0% 3.2% 3.1% 3.3% 3.3%
Mar Jun Sep Dec
Mortgage 1.3% 1.7% 2.5% 1.8% 3.0% 3.1%
44
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Loan Quality ,Coverage and Cost of Credit
NPL & NPL Coverage LAR & LAR Coverage
155.7% 155.2% 135.7% 23.2% 21.1% 21.2%
115.4% 115.0% 19.7% 20.1%
3.4% 3.0% 3.2% 3.1% 3.3% 22.6% 22.1%
18.6% 20.1% 19.0%
15.7 15.6 15.0 (IDR Bn)
14.4 74,550 75,632
13.1 12.5
11.3 11.0 69,315 70,406 70,344
10.1 10.0 5,570 5,449
3,642 4,992 6,211 3,417 2,594
328
3,495 259 3,751 305 6,598
3,053
298 319 9,066 2,040
9,930 6,949
13,384 1,988
1,760
1,937
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 2,194
27,980
24,409
Provision Amount (IDR Tn) NPL Amount (IDR Tn) 22,412 24,311
22,011
NPL Coverage (%) NPL (%)
Cost of Credit
Annualized Provision Cost of Credit (%)
Charge (IDR Tn)
27,741 29,795 30,644
24,328 27,086
1.4% 1.2% 2.0%
0.6% 0.8%
7.3 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
4.0 3.7 Subsidized Mortgages Non-Subsidized Mortgages Other Housing
2.0 2.0 Construction Loan Consumer Loan Commercial Loan
Corporate Loan Total % LAR
FY22 FY23 FY24 6M24 6M25 % LAR Coverage
45
45
Page 46
Restructured Loans Breakdown by Segment
Covid-19 Restructured Loan by Segment Total Restructured Loan by Segment
11.4% 8.5% 8.1% 19.4% 16.8% 15.4% 16.7% 15.5%
5.3% 4.0%
(IDR Bn) (IDR Bn)
34,060
57,829 58,031 57,852
3,527
56,194 55,236
3,642 5,570 5,449
71 1,173 28,243 2,990 4,829
91 6,211 1,959
4,208
26,339 3,276 75 3,024 74
4,579 85 2,563 5,488
68 8,159
1,148 12,255 1,651
261 4,553 8,795 6,053
45 1,613
1,422 85 1,448
641 26 838 1,957 1,666
19,054 470
11,964 21,695
4,529 19,378 19,760
10,894 19,084 18,976
14 712 69 10,456
237 11,050
6,701
4,440
12 55 21,535
11,969 646 182 17,808 18,568 19,515 19,830
10,401 9,911 2,911
6,793
2,804
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Dec-22 Dec-23 Dec-24 Jun-24 Jun-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
Corporate Loan Total Loan % of total Loan Corporate Loan Total Loan % of total Loan
46
46
Page 47
Restructured Loans Breakdown by Collectability
Covid-19 Restructured Loan by Collectability (%) Total Restructured Loan by Collectability (%)
3.8% 7.1% 8.0% 12.1% 11.6%
16.0% 13.1% 12.6% 13.8%
15.8% 15.4% 31.8%
23.6% 20.3%
23.5% 27.9%
40.6% 35.0%
16.9% 45.7%
80.4% 77.5%
60.5% 68.5% 67.6% 60.4%
51.3% 46.3% 52.4%
40.6%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Covid-19 Restructured Loan by Collectability (IDR Bn) Total Restructured Loan by Collectability (IDR Bn)
34,060 57,829 58,031 57,852
56,194 55,236
1,300
28,243 7,002 6,546 7,312 7,971
5,377 26,339 7,258
2,007
2,094 11,717
4,336 15,689 20,330
19,054 6,216 22,402 26,421
3,048
27,384 4,474 11,050
21,899 39,110
18,029 3,512 33,959 30,389
1,869 25,576 23,460
11,532
5,669
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Current SML NPL 47
47
Page 48
ESG Updates
Page 49
BTN ESG Priority Initiative Update
BTN is developing the "Low Emission Housing" roadmap, with a total target of 150,000 housing units by 2029
Low Emission Housing Roadmap
BTN has firmly established its position as a leading ESG Champion
BTN is Indonesia’s first state-owned
1 3
BTN has set up its Sustainable Finance Framework and
BTN becomes the first bank in Indonesia to
ever receive AA from MSCI EGS Rating 2 bank to adopt the Principles for
Responsible Banking UNEPFI. BTN
obtained a Second Party Opinion from Sustainable
Fitch with Excellent
affirms its commitment to sustainability
BTN Overall Report and meaningful impact. We drive
inclusive, equitable, and
environmentally responsible growth
through our financial solutions.
https://www.btn.co.id/en/About/ESG/
ESG-Framework/Sustainable-Finance-
https://www.btn.co.id
Framework
/About/ESG/ESG-
Framework/ESG-
Signatory
49
49
Page 50
Bank 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
50
Page 51
Environmental Sustainability
BTN is committed to preserve and protect environment to support net-zero emission.
Green Transportation Green Premises Corporate Social Responsibility
40 7
Electric vehicles for Environmental programs include planting initiatives such as:
operational Installed Solar panels
200 Mangroove trees
(8 electric cars, 2 hybrid cars, & 29 and targeting minimum 15% of
1,000 & 5,000 Tabebuya trees
electric motorcycles) Branch Offices by 2026 and 30%
will be increased around 200 units by 2028. 1 House 1 Tree in the Low Emission Housing Pilot Project
by 2029
Waste Bank Program
7 locations Palembang, Banjarmasin, Palu, Ambon, Banten,
Surabaya, and Makassar
Less Carbon Footprint through
Waste Management Low Carbon Emission Housing Materials
Digital Application
▪ Internal letter distribution through ▪ Providing Temporary Shelters (TPS) with
digital apps capacity of 5m3
BTN encourages deve-
▪ Mortgage applications through BTN ▪ Implementing the use of four infiltration lopers to use minimum
Properti wells with capacity of 48m 3 each.
▪ Management fees, parking fees, and ▪ Conducting a plastic waste-free
15% eco-friendly mate-
other housing maintenance through BTN campaign. rial to lower carbon
Smart Residence Implementing 20 bio pore infiltration
▪ emission in housing sector
holes at Menara BTN. Floor Decking
Environmental Sustainability 51
Page 52
Contributing more into people’s welfare through subsidized mortgage
Segment by Ages
Reducing Housing Backlogs Affordable Energy Access
Deliver targeted housing financing Provide houses with electricity
programs for low-middle income at adjusted, affordable rates 21 - 35 years 36 - 50 years > 51 years
segments to bridge the housing for eligible income groups 0.4% 0.6% 0.6% 0.5%
gap. ▪ ~79% of BTN
20.4% 21.7% 21.8% 19.8%
Subsidized
mortgage
Subsidized Mortgage 79.2% 77.7% 77.6% 79.7% customers are
Millennials
2022 2023 2024 Jun-25
Segment by Wages
▪ As of April 2025, the
up to IDR 4 Mn IDR 4 - 8 Mn IDR 8 - 14 Mn government updated
the key eligibility
Sustainable Communities Clean Water & Sanitation 0.8%
criteria, setting the
Develop inclusive, safe, resilient, Ensure reliable access to clean maximum monthly
and sustainable neighborhoods water and proper sanitation 53.1% 62.1% 60.2% 59.8% income at IDR 12 Mn
within subsidized housing facilities, managed sustainably. for single-income and
complexes. 46.9% 14 Mn for joint income
37.9% 39.8% 39.4%
in Jabodetabek area.
2022 2023 2024 Jun-25
120.0% 200
182 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% 35.8%
140 opportunity to own
40.0% Mortgage of
a subsidized house
total BTN Loan
20.0% 48.9% 48.5% 48.6% 48.6% 120 Portfolio
67.0% 65.2% 64.6% 64.2%
0.0% 100 2022 2023 2024 Jun-25
2022 2023 2024 Jun-25
Social Welfare 52
Page 53
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
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 ❑ Collaboration with SBM ITB for Mini MBA in Property with a total of more than 800
stakeholders. participants in 23 batches.
❑ Learning material based one the four pillars of knowledge in property: Finance & Risk,
Advisory Project & Operation, Regulation & Law, and Business Model & Market
Conducting collaboration, coaching, mentoring and carrying out advisory
Property Outlook 2025
functions with academics, practitioners, government and community to
training participants of HFC Program in property sector
❑ This event was held simultaneously with
Research the graduation of Mini MBA in Property.
❑ With the aim to provide market insight
and trends in the property sector from
Research implementation within the property sphere through various experts’ perspective to the graduates of
studies on the housing market and developing the House Price Index Mini MBA in Property and alumni.
(HPI).
Social Welfare 53
Page 54
Human Capital Composition and Policy
Respectful Workplace Policy Management Composition ESG Training & Culture
❑ Recognize and respect differences in diverse
work environment with a wide range of
Commissioner Composition
Commisioner Independent
16.7% In achieving the goal of becoming an #ESGChampion,
good internal support from the Bank is needed. BTN
of the BOD composition has implemented learning & training related to ESG
ethnicities, races, nationalities, skin colors, ages, are women for internal Bank employees.
21%
religions, genders, disabilities, or other 56% 50%
9,911 753 5 8
14.3%
67%
characteristics and perspectives to promote a
productive environment. 79%
44% 50% Completed Self- Completed ESG Employees
33% ESG related
❑ Ensure that everyone is treated equally and have of the Commissioner Learning ESG learning & training become BUMN cultural
the same opportunity accessing the facilities and 2022 2023 2024 Jun-25 composition are awareness (delivered online & Green initiatives in 2024
women (delivered online) onsite) Ambassador
infrastructure.
❑ Create a working environment of mutual respect, ESG Curriculum
non-discrimination, and harassment in any form. Gender Diversity 1. Responsible Marketing and Product
7. AML/CFT
Activities
12,818 employees
(as of Jun-25)
2. Data Privacy Governance 8. Tax Avoidance
Diversity, Equity and Inclusion Policy
9. Compliance with International
3. Data Security Issues
Regulations
BTN provides broad opportunities for Female 48.8% Male 51.2% 10. Anti-Bribery and Anti-
4. ESG Risk Identification
Corruption
all parties to contribute to BTN by
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 Jun-25)
operations.
> 19.9% ofcomposition
the Top Management
are women ESG Knowledge Portal
23 Disabled Employees
Top Management*)
Employee Wellbeing Program > 2.4% The ESG Knowledge
Staff & Officer Manager & Senior
By
Manager Portal is an internal
> platform integrated
BTN implemented Employee Well-Being Level 86.0% 11.6%
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. 38.7% 54.5% 6.7% the importance of
ESG principles.
Social Welfare 54
Page 55
Governance Sustainability Highlight (1/2)
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 BTN has joined national and international (APU) & Prevention of
strengthen internal control mechanisms to environmental and social sustainability Terrorism Financing
support business growth, through : communities. (PPT)
❑ Early detection and prevention of
irregularities or violations;
❑ To build an open, sincere, honest, and
responsible work climate.
Governance Sustainability 55
Page 56
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 56
Page 57
Multiple Accolades Awarded to BTN for its Excellence in Governance and
Sustainability Performance
ACGS Rating CSR HUB Refinitiv
Low
Top
89
Combined ESG Score B+
with overall score of
111.82 ESG Ranking (%) Bank BTN’s ESG
Compared Within performance ranked at
31,122 Companies
Environmental
Pillar Score
Social Pillar
Score
Governance
Pillar Score
176 out of 1,097 Banking
Services Company as
Top 3 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 Jun-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
peers
Governance Sustainability 57
Page 58
BTN Syariah: #1 of Sharia Business Unit in Indonesia
Page 59
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.
59
59
Page 60
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
60
Page 61
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
61
61
Page 62
Sharia Business : Financing & Deposits Composition
Financing Business Composition
Dec-22 Dec-23 Dec-24 Jun-24 Jun-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% 40,724 98.3% 47,653 98.3% 4.3% 17.0%
Subsidized Mortgage 19,039 60.2% 22,966 61.9% 26,522 60.4% 25,966 62.7% 29,885 61.7% 4.8% 15.1%
Non-Subsidized Mortgage 9,948 31.5% 11,604 31.3% 14,303 32.6% 12,656 30.6% 15,536 32.1% 4.0% 22.8%
Other Housing Financing 48 0.2% 33 0.1% 41 0.1% 39 0.1% 43 0.1% 4.4% 9.7%
Construction Financing 1,776 5.6% 1,982 5.3% 2,351 5.4% 2,064 5.0% 2,189 4.5% -0.8% 6.1%
Non-Housing Financing 812 2.6% 528 1.4% 675 1.5% 688 1.7% 813 1.7% 45.2% 18.2%
Consumer Financing 145 0.5% 169 0.5% 290 0.7% 224 0.5% 358 0.7% 18.4% 59.8%
Commercial Financing 667 2.1% 359 1.0% 385 0.9% 463 1.1% 455 0.9% 76.8% -1.9%
Total Financing 31,624 100.0% 37,114 100.0% 43,893 100.0% 41,412 100.0% 48,466 100.0% 4.8% 17.0%
Mortgage Financing 28,988 91.7% 34,571 93.2% 40,825 93.0% 38,622 93.3% 45,421 93.7% 4.5% 17.6%
Deposits Composition CASA Ratio (%)
2.7% 3.7% 3.9% 3.9% 3.8%
Deposits (IDR Bn) Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 yoy
CASA 15,117 20,915 27,634 24,652 32,517 31.9% TD
Current Account 9,104 14,166 19,825 17,354 23,613 36.1% 50.0% 44.3% 46.5% 41.1%
56.4% CASA
Savings Account 6,013 6,750 7,810 7,297 8,904 22.0% CoF
50.0% 55.7% 53.5% 58.9%
Time Deposits 19,524 20,888 21,988 21,445 22,722 6.0% 43.6%
Total 34,641 41,803 49,622 46,097 55,239 19.8%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
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Sharia Business : Asset Quality
NPF & NPF Coverage Financing at Risk (FAR)
17.1%
150.1% 158.1%
14.43% 14.0%
124.5% 3.5% 13.4%
13.1%
105.4% 1.60%
94.7% 1.2% 0.8%
1.1%
13.6% 12.83% 12.8% 12.7%
3.3% 12.0%
2.9% 2.8% 2.9%
2.4%
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
NPF NPF Coverage FAR Consumer FAR Commercial Total FAR
Special Mentioned Financing (SMF) Non-Performing Financing (NPF)
Financings Type Dec-22 Dec-23 Dec-24 Jun-24 Jun-25 Financings Type Dec-22 Dec-23 Dec-24 Jun-24 Jun-25
Housing Financing 6.7% 7.1% 7.2% 8.0% 7.8% Housing Financing 3.2% 2.3% 2.8% 2.8% 2.9%
Subsidized Mortgage 7.1% 7.1% 7.7% 8.4% 8.4% Subsidized Mortgage 0.9% 1.1% 1.6% 1.5% 1.6%
Non-Subsidized Mortgage 7.0% 7.3% 7.1% 8.2% 7.8% Non-Subsidized Mortgage 1.3% 2.0% 2.9% 2.8% 3.6%
Other Housing Financing 8.9% 11.0% 13.0% 9.7% 11.1% Other Housing Financing 5.5% 1.8% 0.4% 1.3% 3.0%
Construction Financing 1.6% 5.7% 1.3% 1.3% 1.0% Construction Financing 38.0% 18.1% 16.2% 19.0% 14.1%
Non-Housing Financing 0.0% 1.6% 0.8% 0.8% 1.0% Non-Housing Financing 9.0% 10.0% 6.6% 7.3% 3.6%
Consumer Financing 3.8% 3.8% 1.8% 2.6% 2.2% Consumer Financing 4.7% 3.6% 2.0% 2.8% 2.0%
Commercial Financing 0.0% 0.5% 0.0% 0.0% 0.0% Commercial Financing 9.9% 13.0% 10.1% 9.5% 4.9%
Total Financing 6.6% 7.0% 7.1% 7.8% 7.7% Total Financing 3.3% 2.4% 2.9% 2.8% 2.9%
Mortgage Financing 7.0% 7.1% 7.5% 8.3% 8.2% Mortgage Financing 1.0% 1.4% 2.0% 1.9% 2.3%
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Appendix
Page 65
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 1H25
Java Kalimantan Sulawesi
Regional Office 5 Regional Office 1 Regional Office 1
Branch Offices 49 Branch Offices 7 Branch Offices 8
National 1H25 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 538 536 541
ATM & CRM 1,403 ATM & CRM 131 ATM & CRM 130
Sharia Branch
35 35 34
Offices
Sharia Sub-Branch
Sumatera Bali dan Nusa Tenggara Maluku dan Papua Offices
75 75 75
Regional Office 1 Regional Office - Regional Office - Outlets 738 736 737
Branch Offices 11 Branch Offices 4 Branch Offices 3 ATM and CRM 2,098 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 303 ATM & CRM 68 ATM & CRM 35
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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
up to June 2025
As of October 2024
Total Proceeds of IDR 1.65 Tn
through public portion of rights LQ45
Outlook : Stable issue
National Short-Term Rating : F1+ (idn)
IDXFINANCE
Issued Public Shares : IDX BUMN20
National Long-Term Rating : AA+ (idn) 1,377,777,765
Senior Unsecured : AA+ IDX30
IDX80
IDX Small-Mid Cap (IDX SMC) Composite
IDX Small-Mid Cap (IDX SMC) Liquid
As of June 2025 IDX Growth30
MSCI Indonesia Small Cap
Outlook : Stable PEFINDO Prime Bank
Counterparty Risk Rating : Baa2/P-2 PRIMBANK10
Bank Deposits : Baa2/P-2
Baseline Credit Assessment
Adj Baseline Credit Assessment
: ba2
: ba2
Oversubscribed by 1.6x MBX
Kompas100
Counterparty Risk Assessment : Baa2 (cr)/P-2(cr) Infobank15
IDX Value30
Investor33
Tempo – IDX Financials52
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 June 2025)
IPO (of total public Portion)
Region Asia
On December 17, 2009, bank BTN conducted an Euro Region
USA 59.3 mn shares
2009 Initial Public Offering and listed on the Indonesia 461.1 mn shares
(1.1%)
849.9 mn shares (8.2%)
Stock Exchange (IDX) with an offering price of (15.1%)
IDR800/share.
Indonesia
America ex USA British Territory 4,191 mn shares
Rights Issue 1 3.0 mn shares 0.7 mn shares (74.7%)
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 47.4 mn shares
BTN obtained Rp 1.86 Trillion from Rights Issue 1. (0.8%)
Shareholder Structure (as of June 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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68
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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
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