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LK Publikasi BTN_TW IV 2024_Audited_ENGLISH_FINAL.pdf
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Page 1
STATEMENTS OF FINANCIAL POSITION
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
No. DESCRIPTION
(Audited) (Audited)
ASSETS
1 Cash 2,105,620 2,127,489
2 Placements with Bank Indonesia 27,400,963 48,706,822
3 Placements with other banks 5,951,807 2,203,459
4 Spot and derivative receivables/forward 102,843 32,176
5 Securities 57,339,639 41,199,802
6 Securities sold under repurchase agreements (Repo) 3,499,300 -
7 Securities purchased under resale agreements (Reverse Repo) 175,625 -
8 Acceptances receivables 941,898 544,567
9 Loans 314,080,105 296,583,860
10 Sharia financing 43,892,827 37,114,281
11 Investment in share - -
12 Others financials assets 11,712,851 12,110,180
13 Allowance for impairment on financial assets -/-
a Securities (787) (22,903)
b Loans and Sharia financing (13,057,187) (15,591,964)
c Others (4,558) (25,680)
14 Intangible assets 137,531 -
Accumulated amortisation for intangible assets -/- (15,523) -
15 Premises and equipment 14,059,957 12,953,746
Accumulated depreciation on premises and equipment -/- (4,883,826) (4,835,934)
16 Non earning assets
a Abandoned properties 1,410 1,410
b Repossessed assets 77,591 77,591
c Suspense account - -
d Inter office assets - -
17 Other assets 6,096,416 5,570,834
TOTAL ASSETS 469,614,502 438,749,736
LIABILITIES AND EQUITY
LIABILITIES
1 Demand deposits 160,847,953 143,534,817
2 Savings deposits 45,509,861 44,471,995
3 Time deposits 175,309,187 161,926,504
4 Electronic money - -
5 Fund from Bank Indonesia - -
6 Fund from other banks 104,745 1,300,316
7 Spot and derivative liabilities/forward - -
8 Securities sold under repurchase agreements (Repo) 3,409,426 -
9 Acceptances liabilities 941,898 544,567
10 Securities issued 5,444,524 6,834,647
11 Fund borrowings 39,813,189 42,874,926
12 Margin deposits received 9,604 9,690
13 Inter office liabilities - -
14 Other liabilities 5,652,226 6,773,122
15 Minority interest - -
TOTAL LIABILITIES 437,042,613 408,270,584
EQUITY
16 Share capital
a Authorised capital 10,239,216 10,239,216
b Unpaid-in capital -/- (3,221,994) (3,221,994)
c Treasury stock -/- - -
17 Additional Paid-in Capital
a Agio 4,418,900 4,418,900
b Disagio -/- - -
c Funds for paid-up capital - -
d Others - -
18 Other comprehensive income
a Gain 3,565,773 3,565,773
b Losses -/- (1,576,079) (1,361,686)
19 Reserve
a General reserve 4,621,242 4,621,242
b Appropriated reserve 840,476 840,476
20 Retained Earning
a Previous years 11,377,225 8,485,252
b Current year 3,007,328 3,500,988
c Paid Dividend -/- (700,198) (609,015)
32,571,889 30,479,152
TOTAL EQUITY ATTRIBUTABLE TO OWNER
32,571,889 30,479,152
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY 469,614,502 438,749,736
Page 2
STATEMENTS OF INCOME AND OTHER COMPREHENSIVE
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
No DESCRIPTION
(Audited) (Audited)
OPERATING INCOME AND EXPENSES
A. Interest Income and Expenses
1 Interest income 29,550,197 28,271,226
2 Interest expenses 17,848,463 14,647,645
Net interest income (Expenses) 11,701,734 13,623,581
B. Operating Income and Expenses Other than Interest
1 Gain (loss) from increase (decrease) in fair value of financial assets (10,269) (3,978)
2 Gain (loss) from decrease (increase ) in fair value of financial liabilities - -
3 Gain (loss) from sale of financial assets 981,949 548,061
4 Gain (Loss) from spot and derivative transaction/forward (realised) 4,256 89,824
5 Gain (Loss) from investment in shares under equity method - -
6 Gain (Losses) from foreign currencies translation 26,348 (69,999)
7 Dividend Income - -
8 Comissions/provisions/fees and administrative 1,476,612 1,427,702
9 Other income 2,055,404 1,824,297
10 Impairment for financial assets 1,981,300 3,764,258
11 Losses related to operational risk 367 -
12 Salaries and employee benefits 4,445,575 3,982,503
13 Promotion expenses 551,571 537,253
14 Other expenses 5,406,160 4,685,744
Other Operating Income (Expenses) (7,850,673) (9,153,851)
PROFIT (LOSS) FROM OPERATIONS 3,851,061 4,469,730
NON OPERATING INCOME AND EXPENSES
1 Gain (loss) from sale of premises and equipment 3,989 -
2 Other non operating income (expenses) (82,209) (89,520)
PROFIT (LOSS) FROM NON OPERATING (78,220) (89,520)
PROFIT (LOSS) CURRENT PERIOD BEFORE TAX 3,772,841 4,380,210
Income tax expenses
a Estimated current tax -/- - (1,018,692)
b Deferred tax income (expenses) (765,513) 139,470
PROFIT (LOSS) CURRENT PERIOD 3,007,328 3,500,988
PROFIT (LOSS) MINORITY INTEREST - -
OTHER COMPREHENSIVE INCOME
1 Unreclassified to profit (loss)
a Gain (loss) from revaluation of premises and equipment - 57,208
b Gain (loss) from remeasurement on defined benefit plans 168,301 (186,027)
c Others (31,977) 35,345
2 Reclassified to profit (loss)
a Gain (losses) from adjustments arising from translation of financial statement - -
b Gain (losses) from changes of financial assets on available for sale (421,538) 517,528
c Others 70,821 (76,322)
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX (214,393) 347,732
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,792,935 3,848,720
Current Year Net Profit (Loss) Attributable to :
- Owner of Company 3,007,328 3,500,988
- Non Controlling Interest - -
TOTAL CURRENT YEAR NET PROFIT (LOSS) 3,007,328 3,500,988
Total Comprehensive Profit (Loss) For The Year Attributable to:
- Owner of Company 2,792,935 3,848,720
- Non Controlling Interest - -
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,792,935 3,848,720
TRANSFER PROFIT (LOSS) TO HEAD OFFICE - -
DIVIDEND - -
EARNINGS PER SHARE (in rupiah) 214 249
Page 3
STATEMENTS OF COMMITMENTS AND CONTINGENCIES
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
No. DESCRIPTION
(Audited) (Audited)
I. COMMITMENT RECEIVABLES
1 Unused fund borrowings/financing facilities - -
2 Outstanding purchase position on spot and derivative/forward 1,963,590 1,878,434
3 Others - -
II. COMMITMENT PAYABLES
1 Unused loan facilities granted to customer
a Committed 86,184 127,083
b Uncommitted 15,528,711 18,806,569
2 Outstanding irrevocable letters of credit 249,694 20,106
3 Outstanding sales position on spot and derivative/forward 1,806,505 1,806,505
4 Others 14,353 13,735
III. CONTINGENT RECEIVABLES
1 Guarantees received 2,350,910 2,326,998
2 Others 9,209,022 7,761,202
IV. CONTINGENT PAYABLES
1 Guarantees issued 3,124,003 2,579,175
2 Others - -
Page 4
Statements of Assets’ Quality and Other Information
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
No DESCRIPTION December 31, 2024 (Audited) December 31, 2023 (Audited)
Current Special Mention Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
I. RELATED PARTIES
1. Placements with other banks
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
3. Securities
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables - - - - - - - - - - - -
7. Loans and financing provided
a. Micro, Small and Medium loans (UMKM)
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
b. Non UMKM
i Rupiah 83,781 - - - - 83,781 97,110 - - - - 97,110
ii Foreign currencies - - - - - - - - - - - -
c. Restructured loans
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares - - - - - - - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
Page 5
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
No DESCRIPTION December 31, 2024 (Audited) December 31, 2023 (Audited)
Current Special Mention Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
II. NON RELATED PARTIES
1.
Placements with other banks
a. Rupiah 130,433 - - - - 130,433 234,102 - - - - 234,102
b. Foreign currencies 5,819,625 - - - 1,749 5,821,374 1,967,579 - - - 1,778 1,969,357
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies 102,843 - - - - 102,843 32,176 - - - - 32,176
3. Securities
a. Rupiah 44,162,321 42,859 4,360 5,369 50,159 44,265,068 36,028,481 50,696 4,644 5,769 45,390 36,134,980
b. Foreign currencies 13,074,571 - - - - 13,074,571 5,064,822 - - - - 5,064,822
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah 3,499,300 - - - - 3,499,300 - - - - - -
b. Foreign currencies - - - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah 175,625 - - - - 175,625 - - - - - -
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables 941,898 - - - - 941,898 544,567 - - - - 544,567
7. Loans and financing provided
a. Micro, Small and Medium loans (UMKM)
i Rupiah 7,705,470 98,035 23,693 53,894 745,971 8,627,063 6,658,625 129,871 13,611 19,228 1,075,435 7,896,770
ii Foreign currencies - - - - - - - - - - - -
b. Non UMKM
i Rupiah 302,682,588 33,959,102 848,381 1,885,875 7,760,189 347,136,135 288,034,581 26,268,773 557,662 658,585 7,724,379 323,243,980
ii Foreign currencies 2,125,953 - - - - 2,125,953 2,460,281 - - - - 2,460,281
c. Restructured loans
i Rupiah 25,164,270 22,843,079 514,565 1,275,230 5,515,891 55,313,035 34,026,641 15,689,430 371,784 320,508 5,905,023 56,313,386
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares - - - - - - - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah 17,287,197 269,983 6,293 10,565 182,854 17,756,892 20,224,533 517,162 7,343 318 168,460 20,917,816
b. Foreign currencies 1,246,053 - - - - 1,246,053 628,852 - - - - 628,852
III. OTHER INFORMATION
1. Value of bank’s assets pledge as collateral:
a. To Bank Indonesia - -
b. To others - -
2. Repossessed assets 77,591 77,591
Page 6
Losses and Allowance for Asset Quality Assessment
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 (Audited) December 31, 2023 (Audited)
NO DESCRIPTION Required allowance for Required allowance for
Allowance for Impairment Allowance for Impairment
losses on earning assets losses on earning assets
Stage 1 Stage 2 Stage 3 General Special Stage 1 Stage 2 Stage 3 General Special
1. Placements with other banks 822 - 1,749 59,501 1,749 26 - 1,778 22,016 1,778 (592,989)
2. Spot and derivative receivables/forward - - - 1,028 - - - - 322 -
3. Securities 787 - - 63,607 55,591 22,903 - - 46,978 51,507
4. Securities sold with agreement to repurchase (Repo) - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo) - - - 1,756 - - - - - -
6. Acceptances receivables 1,987 - - 9,419 - 1,447 22,429 - 5,446 -
7. Loans and financing provided 2,965,797 3,564,534 6,526,856 3,073,878 9,135,653 2,441,079 3,407,511 9,743,374 2,942,958 9,698,086
8. Investments in shares - - - - - - - - - - -
9. Other receivable - - - - - - - - - -
10. Commitments and contingencies 3,385 - - 57,246 13,500 3,580 - - 25,993 25,858 66,468
Page 7
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(in Millions of Rupiah)
December 31, 2024 December 31, 2023
CAPITAL COMPONENTS
(Audited) (Audited)
I CORE CAPITAL (TIER 1) 29,834,471 27,154,078
1 Common Equity Tier 1 (CET 1) 29,834,471 27,154,078
1.1 Paid-in Capital (net of Treasury Stock) 7,017,222 7,017,222
1.2 Disclosed Reserves 25,103,287 23,135,138
1.2.1 Additional Factor 26,290,270 23,983,140
1.2.1.1 Other comprehensive income 3,565,773 3,565,773
1.2.1.1.1 Excess differences arising from translation of financial statement - -
1.2.1.1.2 Potential gain due to increases of fair value of financial asset through other comprehensive income - -
1.2.1.1.3 Surplus of fixed assets revaluation 3,565,773 3,565,773
1.2.1.2 Other disclosed reserves 22,724,497 20,417,367
1.2.1.2.1 Agio 4,418,900 4,418,900
1.2.1.2.2 General reserves 4,621,242 4,621,242
1.2.1.2.3 Previous year profit 10,677,027 7,876,237
1.2.1.2.4 Current year profit 3,007,328 3,500,988
1.2.1.2.5 Funds for paid-in capital - -
1.2.1.2.6 Others - -
1.2.2 Deduction Factor (1,186,983) (848,002)
1.2.2.1 Other comprehensive income (1,107,982) (769,001)
1.2.2.1.1 Negative differences arising from translation of financial statement - -
1.2.2.1.2 Potential losses due to decreases of fair value of financial asset through other comprehensive income (1,107,982) (769,001)
1.2.2.2 Other disclosed reserves (79,001) (79,001)
1.2.2.2.1 Disagio - -
1.2.2.2.2 Previous year loss - -
1.2.2.2.3 Current year loss - -
1.2.2.2.4 Negative difference in allowance for possible losses and allowance for impairment on earning assets - -
1.2.2.2.5 Negative difference in adjusment amounts from fair value of financial assets in trading book - -
1.2.2.2.6 Required allowance for non earning assets (79,001) (79,001)
1.2.2.2.7 Others - -
1.3 Non Controlling Interest - -
1.4 Deduction Factor of CET 1 (2,286,038) (2,998,282)
1.4.1 Deferred tax calculation (2,286,038) (2,998,282)
1.4.2 Goodwill - -
1.4.3 Other intangible assets - -
1.4.4 Investments in share - -
1.4.5 Shortfall of capital on insurance subsidiaries - -
1.4.6 Securitisation exposure - -
1.4.7 Other deduction of CET 1 - -
1.4.7.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank - -
1.4.7.2 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - -
1.4.7.3 Exposure that give rise to credit risk due the settlement (settlement risk) - Non Delivery Versus Payment - -
1.4.7.4 Exposures in subsidiaries that to business activity based on sharia principle - -
2 Additional Tier 1 (AT 1) - -
2.1 Instrument which comply with AT 1 requirements - -
2.2 Agio / Disagio - -
2.3 Deduction Factor of AT 1 - -
2.3.1 Placements of fund in instrument AT 1 and/or Tier 2 to other bank - -
2.3.2 Cross ownership in another entity acquired by the transition due to law, grants or grants will - -
II SUPPLEMENTAL CAPITAL (TIER 2) 2,438,559 4,076,204
1 Capital instrument in the form of stock or other which comply with Tier 2 requirements 549,605 2,367,557
2 Agio/Disagio - -
3 General provision on earning assets (max. 1.25% credit risk - weighted assets) 1,888,954 1,708,647
4 Deduction supplemental capital - -
4.1 Sinking Fund - -
4.2 Placement of funds in instrumen Tier 2 to other bank - -
4.3 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - -
TOTAL CORE AND SUPPLEMENTAL CAPITAL 32,273,030 31,230,282
December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023
DESCRIPTIONS DESCRIPTIONS
(Audited) (Audited) (Audited) (Audited)
RISK WEIGHTED ASSETS CAR RATIO
CREDIT RISK -WEIGHTED ASSETS 149,287,750 136,691,761 CET 1 Ratio (%) 17.10% 17.45%
MARKET RISK -WEIGHTED ASSETS 6,101,634 942,326 Tier 1 Ratio (%) 17.10% 17.45%
OPERATIONAL RISK - WEIGHTED ASSETS 19,055,594 17,956,060 Tier 2 Ratio (%) 1.40% 2.62%
TOTAL RISK WEIGHTED ASSETS 174,444,978 155,590,147 Capital Adequacy Ratio (%) 18.50% 20.07%
CAR BASED ON RISK PROFILE (%) 9.25% 9.18% CET 1 for Buffer (%) 9.25% 10.89%
CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)
From CET1 (%) 7.85% 6.56% Capital Conservation Buffer (%) 2.500% 2.500%
From AT1 (%) 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000%
From Tier 2 (%) 1.40% 2.62% Capital Surcharge for Systemic Bank (%) 1.000% 1.000%
Page 8
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(in Millions of Rupiah)
December 31, 2024 December 31, 2023
DESCRIPTION
(Audited) (Audited)
CASH FLOWS FROM OPERATING ACTIVITIES
Interest, profit sharing, and margin 29,689,639 27,618,186
Recoveries from loan debts written-off 1,421,221 1,011,258
Interest and bonus, fees and commissions paid (17,973,763) (14,892,249)
Corporate income tax paid (912,208) (1,020,952)
Other operating income 3,213,023 2,938,412
Other operating expenses (9,585,564) (8,729,240)
Other non-operating expense - net (63,538) (54,382)
Cash receipts before changes in operating assets and liabilities 5,788,810 6,871,033
Changes in operating assets and liabilities:
Decrease (increase) in operating assets:
Fair value through profit or loss
securities (18,286,677) (246,380)
Fair value through profit or loss
government bonds 490,445 15,788,979
Acceptance Receivable (397,331) (124,005)
Derivative Receivable (70,666) -
Loans and sharia financing/receivables (27,739,554) (38,484,306)
Other assets (136,021) (785,307)
Increase (decrease) in operating liabilities:
Current liabilities (441,930) 74,415
Deposits from customer
Demand deposits 11,653,971 24,468,372
Wadiah demand deposits 5,443,299 4,814,656
Savings deposits (22,012) 1,539,832
Savings deposits Wadiah 245,340 82,875
Time deposits 12,615,733 (5,504,388)
Deposits from other banks (21,277) (45,095)
Acceptance liabilities 397,331 124,005
Other liabilities (416,997) (4,184,154)
Temporary syirkah funds 2,141,920 2,243,821
Net Cash provided (used in) by Operating Activities (8,755,616) 6,634,353
CASH FLOWS FROM INVESTING ACTIVITIES
Receipt (purchase) of amortized cost securities (2,878,561) (2,868,515)
Acquisitions of premises and equipment (1,634,521) (2,313,490)
Receipt (purchase) of amortized cost government bonds 562,232 (1,655,566)
Receipt (purchase) in fair value through other comprehensive income securities (31,199) (1,247,159)
(Purchase) receipt in fair value through other comprehensive income government bonds (1,163,910) 2,211,325
Receipt from securities purchased under agreement to resell 20,704,263 45,031,457
Placement of securities purchased under agreement to resell (20,867,689) (43,597,267)
Sales of premises and equipment 3,045 -
Net Cash used in Investing Activities (5,306,340) (4,439,215)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of matured securities issued (3,572,500) (2,769,764)
Proceeds of securities issued 680,913 2,449,019
Payments of dividends (700,198) (609,015)
Proceeds from fund borrowings 11,144,193 11,185,162
Payment from fund borrowings (11,385,262) (2,187,576)
Proceeds from securities sold under repurchase agreements 143,153,604 67,691,353
Payments of matured securities sold under repurchase agreements (139,744,766) (67,691,353)
Payment of lease liabilities (93,408) (81,973)
Payment of subordinated borrowings (3,000,000) -
Paid-up in capital in advance - 1,330,093
Net Cash Provided by (used in) Financing Activities (3,517,424) 9,315,946
Page 9
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(in Millions of Rupiah)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,579,380) 11,511,084
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 53,037,770 41,526,686
CASH AND CASH EQUIVALENTS AT END OF YEAR 35,458,390 53,037,770
The details of cash and cash equivalents at end of period are as follows:
Cash 2,105,620 2,127,489
Current accounts with Bank Indonesia 22,739,920 18,145,761
Current accounts with other banks 5,951,746 2,203,398
Placements with Bank Indonesia and other banks - maturing within
three months or less since the acquisition date 4,661,104 30,561,122
Total of cash and cash equivalents 35,458,390 53,037,770
Page 10
CALCULATION OF FINANCIAL RATIOS
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024 and 2023
(in %)
December 31, 2024 December 31, 2023
RATIOS (Audited) (Audited)
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 18.50% 20.07%
2. Non performing earning assets and non earning assets to total
2.62% 2.59%
earning assets and non earning assets
3. Non performing earning assets to total earning assets 2.60% 2.58%
4. Allowance for impairment on financial assets to earning 3.07% 4.14%
5. NPL gross 3.16% 3.01%
6. NPL net 1.89% 1.32%
7. Return on Asset (ROA) 0.83% 1.07%
8. Return on Equity (ROE) 10.76% 13.86%
9. Net Interest Margin (NIM) 2.86% 3.75%
10. Operating Expenses to Operating Income 88.70% 86.10%
11. Cost to Income Ratio (CIR) 57.15% 45.26%
12. Loan to Deposit Ratio (LDR) 93.79% 95.36%
COMPLIANCE
1. a. Percentage violation of Legal Lending Limit
i. Related parties 0.00% 0.00%
ii. Non - Related parties 0.00% 0.00%
b. Percentage of excess of the Legal Lending Limit
i. Related parties 0.00% 0.00%
ii. Non - Related parties 0.00% 0.00%
2. Reserve requirement
a. Primary reserve requirement Rupiah
1.) Conventional
- Daily 0.38% 0.24%
- Average 5.00% 5.80%
2.) Syariah 4.70% 6.10%
b. Reserve requirement Foreign currencies (Daily) 4.18% 4.40%
3. Net Open Position - Overall 1.29% 1.73%
Page 11
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024
(Audited)
(In Millions of Rupiah)
NOTIONAL Type Derivative Receivables & Payables
NO TRANSACTION
AMOUNT
Trading Hedging Receivables Payables
A. Exchange Rate Related
1. Spot -
2. Forward - - - - -
3. Option - - - - -
a. Written - - - - -
b. Purchased
4. Future - - - - -
5. Swap - - - - -
6. Others 1,963,590 - 1,963,590 102,843 -
B. Interest Rate Related
1. Forward - - - - -
2. Option
a. Written - - - - -
b. Purchased - - - - -
3. Future - - - - -
4. Swap - - - - -
5. Others - - - - -
C. Others - - - - -
TOTAL 1,963,590 - 1,963,590 102,843 -
Page 12
PRIME LENDING RATE
PT Bank Tabungan Negara (Persero) Tbk
As of December 31, 2024
(% per annum)
Prime Lending Rate
Business Segment
Description
Non MSME Loan MSME Loan
Mortgage Non Mortgage
Corporate Retail Medium Small Micro
Prime Lending Rate 8.76% 9.25% 10.17% 11.00% 14.03% 8.04% 11.80%
Page 13
Notes :
1) The above interim financial information is taken from the Financial Statements of PT Bank Tabungan Negara (Persero) Tbk
as of December 31, 2024 and for the year then ended, which were prepared by the Bank’s management in accordance with
Indonesian Financial Accounting Standards. These financial statements have been audited by the Public Accounting Firm
Purwantono, Sungkoro & Surja ("PSS") (a member firm of Ernst & Young Global Limited), with Christophorus Alvin Kossim
as the engagement partner, an independent auditor, in accordance with the Audit Standards established by the Indonesian
Institute of Public Accountants, and received an unmodified audit opinion, as stated in its report dated February 12, 2025
which is not included in this publication. Since the financial information above is derived from the financial statements, it
does not constitute a complete presentation of the financial statements.
2) The above published Financial Statements are presented to comply with:
a) Financial Services Authority Regulation (POJK) Number 37/POJK.03/2019 Dated December 19, 2019 regarding
“Transparency and Published Financial Statements of The Banks”
b) Circular Letter of Financial Services Authority (SEOJK) Number 9/SEOJK.03/2020 Dated June 30, 2020 regarding
“Transparency and Published Financial Statements of The Commercial Banks”.
c) Financial Services Authority Regulation (POJK) Number 27/POJK.03/2022 Dated December 26, 2022 on Second
Amendments of POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks” and
Financial Services Authority Regulation (POJK) Number 34/POJK.03/2016 Dated September 22, 2016 on Amendments
of POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks”.
d) Financial Services Authority Regulation (POJK) Number 14/POJK.04/2022 Dated August 18, 2022 regarding
“Submission of Periodic Financial Statements for Issuers or Public Companies”
e) Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Regulation Number VIII.G.7, Decision of
Chairman of Bapepam-LK Number KEP-347/BL/2012 Dated June 25, 2012 regarding “Presentation and Disclosure of
Periodic Financial Statements for Issuers or Public Companies”.
f) Circular Letter of Financial Services Authority Number S-2/PB.11/2020 dated January 20, 2020 regarding Changes to
Published Financial Statements
3) Related Parties in the Statements of Assets' Quality and Other Information are presented in accordance with Bank
Indonesia Regulation Number 7/3/PBI/2005 dated January 20, 2005 regarding the Amendment of Financial Services
Authority Regulation Number 38/POJK.03/2019 dated December 19, 2019 regarding the Amendment of Financial Services
Authority Regulation Number 32/POJK.03/2018 regarding The Legal Lending Limit and Provisions of Large Fund for
Commercial Banks.
4) Exchange rate of 1 US Dollar as at December 31, 2024 and 2023 were Rp. 16.095,00 dan Rp. 15.397,00 respectively.
5) Basic earnings per share is computed by dividing income for the year available to shareholders of ordinary shares (residual
income) by the weighted average number of ordinary shares outstanding during the current year.
Page 14
Management of The Bank
Board of Commissioner
President Commissioner/ Independent Commissioner : Chandra M. Hamzah
Vice President Commissioner/Independent Commissioner : Iqbal Latanro
Independent Commissioner : Armand B. Arief
Independent Commissioner : Sentot A. Sentausa
Independent Commissioner : Bambang Widjanarko
Independent Commissioner : Adi Sulistyowati
Commissioner : Andin Hadiyanto
Commissioner : Herry Trisaputra Zuna
Commissioner : Himawan Arief Sugoto
Board of Directors
President Director : Nixon L.P. Napitupulu
Vice President Director : Oni Febriarto Rahardjo
Director of Information Technology : Andi Nirwoto
Director of Assets Management : Elisabeth Novie Riswanti
Director of Distribution and Institutional Funding : Jasmin
Director of Risk Management : Setiyo Wibowo
Director of Consumer : Hirwandi Gafar
Director of Finance : Nofry Rony Poetra
Director of Human Capital, Compliance, and Legal : Eko Waluyo
Director of Operations and Customer Experience : Hakim Putratama
Director of SME and Retail Funding : Muhammad Iqbal
Sharia Supervisory Board
Chairman : M. Quraish Shihab
Member : Mohammad Bagus Teguh Perwira
Member : Muhammad Faiz
Shareholder
Ultimate Shareholder
- Republic of Indonesia : 60.00%
Non Ultimate Shareholder through Capital Market (≥ 5%) : Nil
Non Ultimate Shareholder through non Capital Market (≥ 5%) : Nil
Jakarta, February 12, 2025
S.E. & O
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Board of Director
Nixon L.P. Napitupulu Nofry Rony Poetra
President Director Director of Finance
Page 15
STATEMENT OF FINANCIAL POSITION
Sharia Business Unit PT Bank Tabungan Negara Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
NO DESCRIPTION
(Audited) (Audited)
ASET
1 Cash 117,279 109,085
2 Placement with Bank Indonesia 4,530,152 6,440,216
3 Placement with Other Bank 201 200
4 Investments in Marketable Securities 10,436,953 10,795,395
5 Receivable Financing 37,852,489 32,488,789
6 Revenue Sharing Financing 6,030,813 4,624,042
7 Ijarah Receivable 9,525 1,450
8 Other Productive Assets - -
9 Allowance for Impairment on Finansial Assets (1,329,256) (1,400,430)
10 Premisses and Equipment 40,574 23,259
11 Non Productive Assets - -
12 Other Assets 2,872,227 1,206,703
TOTAL ASET 60,560,957 54,288,709
LIABILITAS
1 Wadiah Deposits
a. Current Accounts 18,882,766 13,439,465
b. Saving Accounts 1,521,932 1,276,592
2 Temporary Syirkah Fund
a. Current Accounts 941,925 726,061
b. Saving Accounts 6,287,780 5,473,242
c. Time Deposits 21,987,804 20,887,524
3 Liabilities to Bank Indonesia - -
4 Liabilities to Other Bank 31,244 23,235
5 Securities Issued 377,269 265,846
6 Other Liabilities 5,193,194 4,017,837
7 Profit Sharing Deposits - -
8 Business Fund 4,468,824 7,471,713
9 Retained Earning
a. Other Comprehensive Income (8,978) 65
b. Previous Year 4,794 4,794
c. Current Year 872,403 702,335
TOTAL LIABILITAS 60,560,957 54,288,709
Page 16
STATEMENT OF INCOME AND OTHER COMPREHENSIVE
Sharia Business Unit PT Bank Tabungan Negara Tbk
For the Period Ended December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
NO DESCRIPTION
(Audited) (Audited)
OPERATING INCOME AND EXPENSES
A. Operating Income and Expenses
1. Revenue from Fund Management as Mudharib
a. Income from Receipable Financing 2,945,778 2,582,739
b. Income from Revenue Sharing Financing 358,062 351,216
c. Income from Revenue from Ijarah 367 27
d. Other Main Operating Income 764,137 627,303
2. Third Parties Share on Returns of Temporary Syirkah Funds (1,781,559) (1,372,916)
a. Non Profit Sharing (1,781,559) (1,372,916)
b. Profit Sharing - -
3. Revenue after Sharing Distribustion 2,286,785 2,188,369
B. Other Operating Income and Expenses
1 Gain (Loss) from foreign Currencies Transaction -
-
2 Income Bank as Mudharib from Revenue Sharing -
-
3 Comissions / Provisions / Fees and Administrative 104,487 91,807
4 Other Income -
-
5 Bonus on Wadiah Demand Deposite (153,446) (71,621)
6 Impairment for Financial Assets (127,694) (51,127)
7 Losses Related to Financial Assets -
-
8 Impairment for Other Financial Assets (13,549) (86,170)
9 Salaries and Employee Benefits (391,814) (553,974)
10 Other Expense (832,487) (814,858)
Other Operating Income (Expenses) (1,414,503) (1,485,943)
PROFIT AND LOSS FROM OPERATIONS 872,282 702,426
NON OPERATING INCOME AND EXPENSES
1. Gain (Loss) for Sales of Premises and Equipment - -
2. Other Non Operating Income (Expenses) 121 (91)
PROFIT AND LOSS FROM NON OPERATIONS 121 (91)
PROFIT AND LOSS CURRENT PERIOD BEFORE TAX 872,403 702,335
Income Tax Expenses - -
PROFIT AND LOSS CURRENT PERIOD 872,403 702,335
OTHER COMPREHENSIVE INCOME
1 Unreclasiffied to Profit (Loss) - -
2 Reclasiffied to Profit (Loss) (9,043) (9,571)
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX (9,043) (9,571)
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 863,360 692,764
Page 17
STATEMENT OF COMMITMENTS AND CONTIGENCIES
Sharia Business Unit PT Bank Tabungan Negara Tbk
As of December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
NO DESCRIPTION
(Audited) (Audited)
1. COMMITMENT RECEIVABLES
1. Unused Fund Borrowing/Financing Fasilities - -
2. Outstanding Purchase Position on Spot and Derivative/forward - -
3. Others - -
2. COMMITMENT PAYABLES
1. Unused Loan Fasilities Granted to Customer 1,404,788 1,143,774
2. Outstanding Sales Position on Spot and Derivative/forward
3. Others
3. CONTIGENT RECEIVABLE
1. Guarantees Received - -
2. Income in Progress - -
3. Others 3,449,747 3,219,644
4. CONTIGENT PAYABLES
1. Guarantees Issued 166 439
2. Others - -
Page 18
Report of the Sources and Distributions of Zakat and Waqf Fund
Sharia Business Unit PT Bank Tabungan Negara Tbk
As December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
NO DESCRIPTION
(Audited) (Audited)
A. Sources and Distribution of Zakat Funds
1 Zakat Funds Received From :
a Internal UUS 7 9
b Eksternal UUS -
Total Zakat Funds Received 7 9
2 Distribution of Zakat Funds
a. Zakat Receiving Institutions 6 9
b. Zakat Receiving Body
Total Zakat Funds Distributed 6 9
B. Sources and Distributions of Waqf Funds
1 Waqf Fund Received From :
a Internal UUS - -
b External UUS - -
Total Waqf Funds Received - -
2 Distribution of Waqf Funds
a. Badan Wakaf Indonesia - -
b. Other Nadzir - -
c. Other - -
Total Waqf Funds Distributed - -
Page 19
Report of the Sources and Uses of Witness Fund
Sharia Business Unit PT Bank Tabungan Negara Tbk
As December 31, 2024 and 2023
(In Millions of Rupiah)
December 31, 2024 December 31, 2023
NO DESCRIPTION
(Audited) (Audited)
1 Beginning Balance of Benevolent Funds 468 123
2 Sources of Benevolent Funds
a Infaq and sadaqa - -
b Repayment of productive benevolent funds - -
c Penalty; and 1,063 447
d Non halal income 3 2
e Other - -
Total benevolent funds received 1,066 449
3 Uses of Benevolent Funds
a Productive benevolent funds - -
b Charity - -
c Other uses for public interest 447 104
Total uses of benevolent funds 447 104
4 Surplus (deficit) of Benevolent Funds 619 345
5 Ending Balance of Benevolent Funds 1,087 468
Page 20
REVENUE SHARING DISTRIBUTION
Sharia Business Unit PT Bank Tabungan Negara (Persero) Tbk
PERIOD December 31, 2024
in million Rp
Net Revenue Sharing
SHARE OF SHAHIBUL MAAL
COLLECTIVE TYPE AVERAGE INCOME THAT BONUS AND
NO.
BALANCE MUST BE DIVIDED RASIO REVENUE INDIKASI EQV.
SHARING
I Liabilities to Other Bank - - - - -
II Mudharabah Current Deposits
a. Bank - - - - -
b. Non Bank 807,528 5,506 9.63% 530 0.79%
III Mudharabah Saving Deposits
a. Bank 21,604 147 33.12% 49 2.71%
b. Non Bank 5,949,757 40,526 29.32% 11,882 2.40%
IV Mudharabah Time Deposits
a. Bank
1 Month - - - - -
3 Month - - - - -
6 Month 300 2 29.50% 1 2.41%
12 Month - - - - -
b. Non Bank
1 Month 3,271,971 22,286 25.04% 5,581 2.05%
3 Month 8,939,364 60,889 29.50% 17,962 2.41%
6 Month 1,253,951 8,541 29.50% 2,520 2.41%
12 Month 31,447 214 29.50% 63 2.41%
V Fund Borrowings 4,115,590 162,793 9.38% 15,262 4.45%
TOTAL 24,391,512 300,904 53,850
NO. TYPE OF DISBURSEMENT AVERAGE BALANCE INCOME RECEIVED
I Placement with Other Bank - -
II Murabahah Receivable
a. Bank - -
b. Non Bank 9,085,702 146,737
III Istishna Receivable
a. Bank - -
b. Non Bank 270,251 36,076
IV Multi-Service Receivable
a. Bank - -
b. Non Bank 20,125 153
V Rahn Financing
a. Bank - -
b. Non Bank - -
VI Mudharabah Financing
a. Bank - -
b. Non Bank 69,941 -
VII Musyarakah Financing
a. Bank - -
b. Non Bank 5,569,312 28,418
VIII Ijarah Receivable
a. Bank - -
b. Non Bank - 203
IX Other Financing
a. Bank - -
b. Non Bank - -
TOTAL 15,015,331 211,587
Page 21
Financial Ratios
Sharia Business Unit PT Bank Tabungan Negara Tbk
For the Period Ended December 31, 2024 and 2023
December 31, 2024 December 31, 2023
NO ratio
(Audited) (Audited)
1 Total Assets Sharia Unit to Total Assets Consolidation 12.89% 12.38%
2. Non Performing Productive Assets to Total Productive Assets 2.32% 1.85%
3. Allowance for Impairment on Productive Assets to Total Productive Assets 2.45% 2.92%
4. Gross NPF 2.87% 2.39%
5. Nett NPF 1.71% 0.00%
6. Return On Assets (ROA) 1.44% 1.29%
7. Financing Revenue Sharing to Total Financing 13.73% 12.46%
8 Financing to Deposit Ratio (FDR) 88.45% 88.78%
Page 22
Catatan :
Circular Letter of Financial Services Authority (SEOJK) Number 10/SEOJK.03/2020 regarding
“Transparency and Published Financial Statements of The Sharia Commercial Bank and Sharia Unit.
Jakarta, February 12, 2025
PT Bank Tabungan Negara (Persero) Tbk
Sharia Business Unit
M. Quraish Shihab Hirwandi Gafar
Sharia Supervisory Board Director of Consumer
Names mentioned 26 people and organisations named in the text · linked when the evidence is strong
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Bank Indonesia
p.1 ×8
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Young Global Limited
p.13
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Financial Services Authority
p.13 ×9
unresolved
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Bapepam-LK
p.13 ×4
unresolved
org
Bank Indonesia Regulation
p.13
unresolved
org
Wakaf Indonesia
p.18
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